BC New Condo Guide - Mar 7, 2014

March 7 - 21, 2014 Volume 04 Issue 05

Historic Landmark. New Life.

The Heartland of Surrey.

The Ridge at Bose Farms Condominium Homes SURREY’S BEST SELLER!

INSIDE THIS ISSUE

URBAN MALLS GET NEW LIVES

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FIRST-TIME HOMEBUYERS ADVICE

VANCOUVER’S WORLD HOUSING INITAITIVE

2/28/2014 1:33 PM

WE ARE METRO TOWN LIVE LARGE, INSIDE AND OUT

At 48 storeys, 4670 Assembly Way is the tallest tower at Station Square, featuring bold architectural design outside and well-appointed contemporary layouts inside. With almost 50,000 square feet of private green space stretching one city block, the building’s elevated amenity features a tranquil fitness pavilion, reflecting pool, and large indoor/outdoor entertaining areas. 4670 Assembly Way sits above Restaurant Row, and the cafés and stores of Silver Drive – the best of Metrotown at your doorstep.

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

STATIONSQUARE.CA | 604.438.1113 The developer reserves the right to make changes and modifications to the information contained herein. Renderings are representational only and are not necessarily accurate, and final design, construction and features may differ. 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 license.

NEW CONDO GUIDE Client: Anthem Properties Project: Station Square II Dimensions: 7.25” x 9” 002-Station Square 03-07-14.indd 1

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105 AVE

156 ST

154 ST

Guildford Town Centre

152 ST

104 AVE

100 AVE

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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

March 7 - 21, 2014 VOLUME 4 ISSUE 5

16

THE RIDGE AT BOSE FARMS

Bold new country lifestyle

COLUMNS, NEWS & FEATURES 012 EDITOR’S NOTE COLUMNS

022 CONDO SENSE Thinking about investing in a Condo?

BY CAMERON MCNEILL

46 040 L EGAL ANGLE First-timer’s budget relief

BY NEIL MANGAN

046 C ONDO VIEWS Reimagining the Urban Mall: From parking lots to communities in the sky

BY STEPHANIE MACDONALD

032 I N THE NEWS GVHBA: Seminar for first-time homebuyers offers free, valuable advice

058 WORLD HOUSING One-to-one home gifting model from two Vancouver entrepreneurs

044 I NSIDE MORTGAGES Self employed?

Tax benefits versus mortgage rates

064 M ONEY MATTERS Creating the illusion of scarcity

BY KRIS GRASTY

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BY MICHELLE HOPKINS

BY GAIL VAZ-OXLADE

072 T IPS AND TRICKS Top 10 Mistakes made by first-time homebuyers MARNIE BENNETT

078 B UYER PROFILE Alex at InGastown: More time for life

BY SUSAN M BOYCE

TAX TIME

082 H &R BLOCK Tope 10 tax questions from the past year

HOMEBUYERS’ HELP

092 CONDO MARKET WATCH Condominium homes to keep your eye on

BY SUSAN M BOYCE

093 H OMEBUYERS’ RESOURCE SECTION 096 L ISTING DIRECTORY

088 T AX TIME Tax tips for the young and restless

2/28/2014 6:16 PM

PRICELESS INTERIORS. PRICELESS VIEWS. FOR A PRICE THAT’S NOW THOUSANDS LESS.

15 West offers unlimited beauty with a limited-time incentive of $10,000 off any 1 bedroom home and $20,000 off any 2 or 3 bedroom home. North Vancouver’s most distinguished new home collection continues to offer an unmatched location in Central Lonsdale with captivating views and designer finishes.

Visit us today to see what 15 West living is all about.

1 bedroom homes priced from the $350s* 2 bedroom homes priced from the $490s* 3 bedroom homes priced from the $890s*

Move in summer 2014

VISIT 15WEST.CA

CALL 604.980.9949

PRESENTATION CENTRE

OPEN DAILY 12-5PM (EXCEPT FRIDAYS) 1525 LONSDALE AVE, NORTH VANCOUVER *Prices subject to change. See Sales associate for details. E.&O.E.

MAR 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 9

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CONDO PROFILES

Vice-President, Wall2Wall Media

Jacqueline Hill

26

Editor-In-Chief / Director of Content

Susan Legge Director of Sales, National

26

Josh Heppner

MANAROLA Stylish living and convenience come together in Fleetwood

Senior Sales Manager, Western Canada

Edwin Rizarri Art Director

Sarah Jang

BY JANINE MACKIE

Editors

28

Stephanie MacDonald Diane Duflot (on leave)

ATHENRY GATE Affordable quality and value

Contributing Editors

Lydia McNutt Sara Duck Wayne Karl

BY MICHELLE HOPKINS

30

CORNERSTONE The high life has come to Langley

BY SHAWN CONNER

Design Editor

Yanic Simard

28

34

62

Media Consultants

Dave Bird 604.319.7102 Brenda Everitt 604.319.7103 Sales Coordinator

KENSINGTON Home. Town. Spirit.

Justin Salvador

BY SUSAN M BOYCE

43

Production Manager

Bala Gnanapandithan

DOMINION Quintessential New Westminster

Graphic Designers

Caroline Wassef, Mihail Terentiev

BY SUSAN M BOYCE

62

TEMPO Life in balance

Production Co-ordinator

Mohammad Haidarpour

30

CONTRIBUTING EDITORIAL WRITER

Susan M Boyce

BY SUSAN M BOYCE

Published By

MAPS

014 Surrey

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

036 S outh Surrey/ Whiterock 042 Burnaby/ New West 050 Tri-Cities 056 Maple Ridge/ Pitt Meadows 060 R ichmond 068 Vancouver 084 North Shore

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34 43

Call 604.519.6080 for a足 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.

2/28/2014 6:16 PM

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EDITOR’S NOTE

MOVING MADE EASY

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

Whether you’re relocating from one coast to the other or moving to your first place out of your parents’ home, moving can be hectic, exciting and certainly stressful. But, relax. You can eliminate all of the anxiety associated with moving by taking control of the situation with confidence.

If you decide to move yourself, book a moving truck well in advance from a reliable company that can help with some tips on moving as well as advice regarding the size of vehicle you will need.

If you decide to go with a pro, ask your friends and family to recommend a mover. Call at least three companies to ask about their services and then decide. Professional movers can do everything for you if you wish, from packing and unpacking, to disconnecting appliances and electronics, but of course there’s extra cost involved. Make sure you understand the terms of your agreement no matter what you decide, as well as any additional costs such as insurance and mileage fees, so you can budget accordingly.

Happy moving!

GOOD NEWS FOR FIRST TIME HOMEBUYERS

STEPHANIE MACDONALD

EDITOR

Wall2Wall Media Stephanie.MacDonald@wall2wallmedia.com

I’m excited to be taking on the role of Editor at New Condo Guide, actually, it’s nice to be back — it’s a magazine I first worked at almost 15 years ago, in the art department. A lot has changed since I left — new company, glossy pages, and use of digital photography to name a few things — but one thing has remained constant: the Metro Vancouver area is still a glorious place to live, and New Condo Guide is still the best place to discover all about the new and exciting developments in the condo market in the city.

If you’re considering buying your first condo, we have valuable information this month, including the recently announced increase in the first time homebuyer Property Transfer Tax exemption. For more first-timer buying help, see the GVHBA page with all the details on their upcoming free Seminar for First Time Buyers.

Also don’t miss the new Condo Views section, with stories about our changing urban landscape. This month we’re highlighting the rehabilitation of the urban mall and an innovative home gifting initiative by two socially-conscious Vancouver real estate entrepreneurs.

Happy condo hunting!

12 METRO VANCOUVER NEW CONDO GUIDE MAR 7 - 21, 2014

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208TH ST

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168TH ST

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200TH ST

80TH AVE

160TH ST

152ND ST

144TH ST

128TH ST

120TH ST

112TH ST

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80TH AVE

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96TH AVE

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SERPENTINE FEN NATURE RESERVE

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A1. ASCEND

A6. LINGO

A11. 3 CIVIC PLAZA

B1. CORNERSTONE

A2. LUXOR

A7. UNIVERSITY DISTRICT

A12. L ATITUDE

B2. KENSINGTON

A8. PARK AVE

A13. LUMINA

B3. ELEMENTS

15956 86A Ave. 604.596.2202 12039 64th Ave., Unit #104 604.590.8003

A3. SALIX

6477 - 196th Street 604.530.0054

5665 177B Street 604.727.5478 99

104th & University Dr 100 Ave. & Whalley Blvd.

604.233.7748

A4. MANAROLA

A9. G3 RESIDENCES

A5. VERVE

A10. THE RIDGE AT BOSE FARM

8695 160th Street 604.825.1038 13913 Fraser Hwy. 604.588.3783

104th Ave. & 154th St. 604.453.6688

64th and between 160th and 164th St 604.888.5514

104th Ave & Citypoint Way 604.951.3331 14358 60th Ave. 604.596.5075 14877 60 Ave. 604.727.5478

A14. LATIS

5811-177B St. 604.575.0669

A15. WATERSTONE

wy

48TH AVE

40TH AVE

5655 210A Street 604.534.6000

20678 willoughby Town Centre Drive 604.427.3311 20211 66th Ave. 604.533.7718

B4. ATHENRY GATE 8312 Street 604.882.8857

64th Avenue & 194th Street 604.530.5399

A16. W YND

10375 133rd Street 604.951.9283

14 METRO VANCOUVER NEW CONDO GUIDE MAR 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.

MAR 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 15

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COVER STORY

THE RIDGE AT BOSE FARMS BOLD NEW COUNTRY LIFESTYLE // BY SUSAN M BOYCE

THEY’RE FRESH, THEY’RE FUN, and they have a personality that’s vibrantly distinctive. Say

hello to The Ridge at Bose Farms.

Located on one of Surrey’s most historic and beautiful homesteading sites, The Ridge at Bose Farm is a master planned condominium development unlike any this city has seen before. These aren’t simply outstanding condominium homes, The Ridge is a whole lifestyle.

And there’s no question people are taking note.

“We have an astonishing diversity among our buyers,” says sales manager Nicole Castle.

“Two of our first buyers were a very hip, 50-something woman who’s moving here from Yaletown and a local person who’s still living at home, hadn’t even thought about buying, but saw what a great value and opportunity this is and couldn’t resist.”

New Life, Amazing Value Understanding why The Ridge has been such a hit with buyers is as simple as stepping into the display home. The feel is airy and sophisticated, like a contented sigh that says “Ahhhh, I’m home.” There’s an intriguing blend of über modernism with the sheer fun

“ We have an astonishing diversity among our buyers including a local person who’s still living at home, hadn’t even thought about buying, but saw what a great value and opportunity this is and couldn’t resist.”

NICOLE CASTLE

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

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of industrial edginess. Hint: elegantly minimalist faucets, warehouseinspired pendant lighting in chrome, quartz countertops and high gloss, easy-clean cabinetry.

Then there are the views, which are as diverse as the people that will call The Ridge home. “To the north, you look over ALR lands and the golf course all the way to the North Shore Mountains,” Nicole says. “Some homes will have views of the courtyard, some the heritage forest, and others will overlook the community’s herb and garden plots. We even have east-facing, garden condos with fenced yards that overlook the hillside gardens and are as big as many townhouse yards — perfect for your four-footed family member, in other words.”

With prices starting at just $162,900, Nicole says these homes have been selling even faster than anyone predicted. “Our first phase was half sold within weeks, and the second phase is selling quickly. It’s a perfect combination of quality, amenities, and location — what’s not to like about that?” Plus, for the month of March, they are having a OneBedroom Promo — you could save up to $10,000!

ready to watch the Heritage Classic Game like they’d never seen it before. The entire upper floor of the barn was transformed into a giant theatre with massive ten-foot screen, open seating, and ambiance with attitude. More than 100 guests came out to cheer on their favourite team and spice up their game time snacking with free poutine and Beaver Tails from Famous Beaver Tails on Wheels. And since no party is complete without a door prize, one lucky viewer went home proudly decked out with a heritage Classic Ridge jersey from Cyclone Taylor’s.

“People had a blast, and they’re already looking forward to this becoming an annual event,” Nicole says. “Plus it was a great time to announce that The Ridge is donating $1,000 to the Cloverdale Colts Minor Hockey Association to help support the next generation of hockey superstars.”

Join the Party

The Ridge at Bose Farms’s presentation centre and display homes are open noon to 5 p.m. daily except Fridays at 16390 – 64th Ave. in Surrey. Prices start at $162,900 with an excellent selection of floorplans to choose from. For more information visit theridgeatbosefarms.com or call 604.888.5514.

Following in the Bose family tradition of establishing a strong sense of community, the site’s historic potato and machinery barn is already being transformed into a dynamic, social hub. On launch day, an enthusiastic crowd kicked up their heels to the music of Tidelander, a lively folk rock band with a decided penchant for get-your-feet-moving dance music.

On Sunday, March 2nd, hockey fans grabbed their favourite jerseys

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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.

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SURREY/LANGLEY

5 SAID “YES!” LAST WEEK. DON’T MISS OUT! Fleetwood Library

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FLEETWOOD TOWN CENTRE’S BEST NEW CONDOMINIUM COMMUNITY IS NOW READY FOR LIVING. Ascend’s Exclusive offering of 21 remaining homes are now ready to enjoy! Visit today to view the finished product.

Take advantage of Ascend’s “Let’s Make a Deal” Program.

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Own from just $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

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CONDO SENSE

// BY CAMERON MCNEILL

THINKING ABOUT INVESTING IN A CONDO? cash injections to cover the payments.

Remember, an investment comes down to the numbers, so when you start shopping, avoid getting emotionally attached and stick to your investment criteria according to these numbers!

Location, location, location…

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

friend recently asked me, “I’m looking to invest in a condo – what do you recommend?” Wow, that’s a doozie as there are so many things to consider! As I proceeded to pontificate this fabulous question for more than half an hour, I’m sure I thoroughly confused my learned friend. Afterwards I took some time to better summarize my opinions and am excited to share them with you here.

Talk to your banker. Firstly, you

have to know what price maximum are you are prepared/able to pay. Talk to your banker/mortgage broker to determine how much equity you will require, what you can afford, and what all your monthly payments will add up to. You may need to account for small

Decide, in advance, what areas you are going to shop. Do your own research using MLS.ca, developer websites, and city websites to help define areas of interest based on current and longterm community plans. Established neighbourhoods (areas I call “blue chip”) may not have the potential financial growth compared to emerging neighbourhoods, however, they will be less volatile. Be mindful of future development that could also negatively impact your condo. That peak-a-boo water view may be blocked in the near future, and a new sky train is coming, but your condo may be overlooking the track! Understand what is likely to happen and how it could positively or negatively impact a property.

New or used? New of course – I’m a real estate marketer! But seriously, you need to consider the pros and cons of both. New condos can come at a small premium but if you buy right, you can find great value. New condos will have less maintenance issues and a warranty in place for defects, appliances, etc. You can often buy early enough in the development process (even before construction starts) and enjoy up to two and half years of potential

market growth prior to completion (note: “potential”). When buying used, you need to do your homework in inspecting the premises and reviewing all the strata minutes. Sometimes, an investment property may already have a tenant in place, and on occasion can offer a great deal. If you are handy, buying a used condo that requires some cosmetic work can generate a good return.

Speculation versus long-term investing? Go long-term. Investing

in real estate can be a very financially rewarding experience, however you must always be prepared to close on your purchase and to hold and manage the asset for at least five years or more. The speculative purchase, which is more popular in pre-construction (selling in the short term, often prior to construction completing) is a very risky game.

Your life as a landlord... Managing a

rental property is not always easy. You could have a terrible tenant, or have numerous maintenance issues. If the property is located a far distance from you, it could be more onerous to manage.

You may consider a rental management company, but this will cost you about six to eight per cent of your rental income, so it should be considered within your investment criteria. You should learn more about the Residential Tenancy Act to understand your responsibilities as a new landlord at rto.gov.bc.ca.

Hope this helps! Happy shopping!

22 METRO VANCOUVER NEW CONDO GUIDE MAR 7 - 21, 2014

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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.

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SURREY/LANGLEY

RETHINK CLOVERDALE What it was and what it will become, will make you rethink everything about Cloverdale.

Outside, even more shopping, entertainment, recreation and educational centres are on their way. And inside at Latis, incredibly contemporary homes are ready to move in today.

Together they redefine what it means it means to live in the valley.

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.

24 METRO VANCOUVER NEW CONDO GUIDE MAR 7 - 21, 2014

B3 COMMUNICATIONS DATE: FILE:

02/03/14 B3 CLIENTS:LATIS:24977 LATIS AD UPDATE:COMP:24977 LATIS AD CREATIvE_7.25x9 v3.INDD

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

024-Latis 02-21-14.indd 24

©

CW:

AD:

AE:

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

2/28/2014 4:30 PM

SURREY/LANGLEY

UNIVERSITY DR

NEW CITY HALL

SURREY CENTRAL SKYTRAIN

KING GEORGE BLVD

104 AVE

SFU

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CONDO PROFILE

MANAROLA

Stylish living and convenience come together in Fleetwood // BY JANINE MACKIE

s

pacious layouts and designer finishes give the condominiums at Manarola a townhome feel.

Paired with an amazing Fleetwood location and prices from just $179,900 (including net GST), it’s no wonder buyers of all ages — from young professionals to active seniors — are finding Manarola the perfect fit for their lifestyle and budget.

“Fleetwood is an amazing place to live — like a little town in the midst of Surrey, with a flavour all its own,” describes Carol Hunt, sales manager for Manarola, which features 51 one- and two-bedroom homes between 88th Ave. and Fraser Highway on 160th St. “This location provides easy access to the new Port Mann Bridge, and is close to both Guildford Shopping Centre and City Centre Mall, only 20 minutes to White Rock or the US Border and five minutes to Surrey’s Sport & Leisure Centre. Being able to walk to school, church, shopping and restaurants is very desirable.”

Following the success of Monterosso and Vernazza, this newest three-storey building by the

Pioneer Group will be completed in December, with homes ranging from 505 to 1049 square feet.

Beautifully appointed with exceptional finishes and timesaving conveniences, the feature list includes many enticements like laminate wood flooring throughout the kitchen and main living area, soft close cabinetry, under-cabinet puck lighting, quartz countertops, stainless steel appliances and a built-in recycling centre.

“Buying early allows you to truly make a house a home,” says Hunt. “Choose a five-foot shower or luxurious soaker tub for the ensuite, personalize colour schemes and have first choice of floor plans.”

There’s financial incentive to buy pre-completion too! For the next six buyers, the price includes net GST, first year strata fees, laminate wood flooring in bedrooms, washer, dryer and fridge upgrades, security system, medicine cabinets and even a $5000 decorating allowance.

From dinner parties to working from home, the two-bedroom display home showcases all the function of a well-designed condo. With some decks boasting over 750 square feet of outdoor entertaining space, homeowners can enjoy summer grilling and gardening. A ground floor amenity room is the perfect place to host your next event with its modern lounge, kitchen and games area.

Visit Manarola’s presentation centre, open daily (except Fridays) from noon to 5pm at 8695 160th St. in Surrey. For more information call Carol Hunt at 604.825.1038 or online at manarolahomes.com.

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SURREY/LANGLEY

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

4 SPRING 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.

MAR 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 27

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CONDO PROFILE

ATHENRY GATE – AFFORDABLE QUALITY AND VALUE Yorkson’s newest community with mountain views in Langley // BY MICHELLE HOPKINS

l

angley is emerging as one of the most sought-after communities in the Lower Mainland because of its blend of urban sophistication coupled with its rural, pastoral landscape.

In the heart of Willoughby is where you will find Athenry Gate, a new premier multi-phase condominium development, which will consist of 153 residences, surrounded by green space and impressive mountain views.

Athenry Gate is where you can buy a stylish new home, close to great schools and amenities, starting at $225,000 for a two-bedroom and $279,000 for a two-bedroom and den. Athenry Gate is a remarkably affordable European-inspired condo project with contemporary elegance, which makes it a unique opportunity for buyers to get in on a collection of finely crafted homes.

Built by award-winning Peak Construction, the first four-storey building is a collection of 66 residence condominiums - studio, junior suite, one-, two- and two-bedroom plus den homes, ranging in size from 437 to 1,061 square feet.

Inspired by old world workmanship and quality, these exceptionally well-built residences are surprising prospective buyers by how affordable luxury can be.

The contemporary West Coast interiors are distinguished by nine foot ceilings, elegant mouldings, high quality laminate flooring, sprawling windows and oversized patios.

The elegant residences also include plenty of unexpected, upscale features that come standard in every home — spa-styled bathrooms with satin-nickel faucets, tub and shower fixtures and deluxe deep soaker tubs, as well as gourmet kitchens complete with two-panel white-wood Shaker cabinets, granite countertops, stone inlay backsplash and stainless steel appliances.

“The interest for Athenry Gate has been phenomenal,” says Solon Bucholtz, Solon Real Estate Marketing Professionals. “More than 70 per cent of the condos are sold, with all of the studios, junior suites and one bedroom condos already sold out.”

Peak Construction, a respected local developer with more than 25 years of building first-class residential projects, carefully planned Athenry Gate to offer superior and affordable living spaces.

THIS IS A GREAT LOCATION IN A QUIET NEIGHBOURHOOD, CLOSE TO FABULOUS SHOPPING, SUCH AS WILLOUGHBY TOWN CENTRE, AND WITH EASY ACCESS TO DOWNTOWN VANCOUVER This is a rare opportunity to be part of a scenic and vibrant neighbourhood minutes from parks, with a brand new 52-acre park one block away, walking trials, great schools, shopping, golf courses, culture, and entertainment.

“This is a great location in a quiet neighbourhood, close to fabulous shopping, such as Willoughby Town Centre, and with easy access to downtown Vancouver,” adds Bucholtz.

This is your opportunity to live in a new home that melds the best of urban life with the best that nature has to offer. This is a luxury you can afford right now!

The developer is offering a Deal of the Week leading up to the Grand Opening on April 5th — Everyone who visit the presentation centre, 8312 208th Street, Langley will be eligible for a weekly deal of up to $40,000 worth of savings.

The presentation centre is open Monday to Thursday noon to 6 p.m. and Saturday and Sunday, noon to 5 p.m. (Closed Fridays). For more information, call 604.882.8857 or visit www.athenrygate.com.

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SURREY/LANGLEY

GRAND OPENING ATHEN THENRY THENR RY R Y G AT E

April 5 You’re Invited!

Affordable + Quality + Value = Athenry Gate

Yes, home ownership can be this easy!

✔ 1 day only event on select homes ❏ ✔ Reserve your unit with $0 down ❏ ✔ Get qualified with exclusive rates from our ❏

partner lenders with as little as $7500 down

✔ MOVE IN READY ❏ ✔ DOOR PRIZE (VACATION CERTIFICATE VALUED $1000) ❏ (no purchase necessary)* ✔ Win a Fiat (last chance for entry, only 2 units left) ❏ ✔ Appetizers ❏

$

Save up to

35,000 Limited time only

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

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 *Certain conditions and restrictions apply. One entry per family. Ask sales representative for details MAR 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 29

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CONDO PROFILE

CORNERSTONE

The high life has come to Langley // BY SHAWN CONNER

m

arcon’s Cornerstone development is off the ground, literally. Its two buildings are situated on a raised 10-foot-high podium. “Even the homes that are on the ground floor are more like second-level homes,” notes Sales Manager Brittany Reimer.

With the first phase sold-out, Marcon still has some homes for sale in the second (and final) building in the development.

About 60 per cent of the suites in Cornerstone North are sold, but there’s still a great selection of one-bedrooms, onebedroom and dens, two-bedrooms and two-bedroom and dens, all move-in ready. And for a limited time, the developer is holding a promotion, which can mean more than $60,000 in savings on the largest homes.

The four-storey building’s largest homes are the 1,044-square-foot two-bedrooms, but all the homes are generously sized. Some of the one-bedroom-and-den arrangements are over 700 square feet. The Cornerstone North homes have 9’ high ceilings and spacious walk-in closets. “They don’t feel like tiny shoebox style condos,” Reimer says.

Marcon, the developer, is a trusted name with 28 years of experience building over 8,500 homes in the Lower Mainland.

Marcon’s attention to detail and investment in extras is apparent in Cornerstone North. Kitchen features include modern stylistic touches like stone-slab countertops, undermount sinks, under-cabinet LED lighting and built-in wine racks. Main living areas all have floating electric fireplaces.

Bathrooms are spa-style with soaker tubs, rainshower heads and above-counter vessel sinks. The Whirlpool stainless-steel appliance package includes a stacked washer-dryer combo, both full-size.

Marcon has also taken pains to ensure each home has a corner feel, “even if they’re not true corner homes,” Reimer says.

The building’s stacked, zig-zag design also gives each home a private balcony, with no shared balconies between homes. “A lot of the time with condos you have a boxy feel, and you’re not getting a lot of light,” Reimer says. “Here, the 9-foot-high ceilings and full windows provide an abundance of natural light.” Many of the homes have mountain views.

Homeowners and prospective buyers love the raised

podium, which encompasses private, gated yards for the main-floor homes, the oversize private balconies, and the courtyard, which includes a playground for each building. The combination is appealing to a wide variety of homeowners, Reimer says. “We have first-time buyers, a lot of young couples, some newly divorced people, down-sizers, families. We really get a great mix of homeowners.”

The nearby amenities are a good mix, too. Located just off the Langley Bypass near the Fraser Highway, Cornerstone is just a couple of blocks from grocery stores, restaurants, Kwantlen University, Newlands Golf and Country Club and three parks, including McLeod. Costco, Superstore and Wal-Mart are just a short drive away.

Where other areas of Langley are still undergoing development, the area around Cornerstone has been built out, Reimer says.

So buyers looking in the area should act fast. If you’re ready for the high life, you are ready for Cornerstone.

The Cornerstone Sales Centre is open Daily 12-5 except Fridays at 56th and 210A Street Langley. For more information contact 604.534.6000 or sales@cornerstoneliving.ca or visit cornerstoneliving.ca.

30 METRO VANCOUVER NEW CONDO GUIDE MAR 7 - 21, 2014

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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

$279,900

2 Bed

$250,900

$226,900

1 Bed + Den

$199,900

$184,900

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

HOME TYPE

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

604.534.6000 cornerstoneliving.ca Sales Centre and three fully-furnished Display Homes

56th & 210A St, Langley | Open daily (closed Friday) from 12 to 5 pm.

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

MAR 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 31

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IN THE NEWS

GVHBA

Seminar for first-time homebuyers offers free, valuable advice “ Real estate continues to be a hot topic in this region, so seminar attendance is expected to be as many or greater than the 750 young people who attended last year’s event.”

WITH SO MANY FACTORS TO TAKE INTO CONSIDERATION when buying a new home,

particularly in the Vancouver region, it is no surprise first-time homebuyers need a little help de-mystifying the process.

What home type is best matched to wants, needs and financial resources? What location is preferable? What are the mortgage options? How does the provincial property transfer tax exemption for first-time homebuyers work? How much can be withdrawn tax-free from RRSPs? How about legal considerations, closing costs and home warranties?

What’s involved with condo pre-sales?

Those and other key questions will be covered by a panel of experts at the 20th Annual Seminar for First-time Home Buyers, presented by the Greater Vancouver Home Builders’ Association (GVHBA) on Tuesday, March 11 from 7 p.m. to 9

p.m. in the Bell Performing Arts Centre, 6250 144 St., Surrey. Doors open at 6 p.m., allowing attendees ample time to walk around the expo and talk to exhibitors about new-home developments and other home-related products and services.

Admission to the popular seminar is free thanks to the generosity of the presenting sponsor, the provincial Homeowner Protection Office, branch of BC Housing. “Our experts will help first-time buyers consider all available options and important issues before they take that critical first step onto the property ladder,” said GVHBA CEO Bob de Wit. “Real estate continues to be a hot topic in this region, so seminar attendance is expected to be as many or greater than the 750 young people who attended last year’s event.”

Although the seminar is free, attendees are asked to bring a food item for the Surrey Food Bank.This seminar is held only once a year, so don’t miss out -- get the information you need before you starting thinking about buying your first home.

Pre-registration is required. Register online by using the form below or call 778.565.4288 from 8:30 a.m. to 4:30 p.m., Monday to Friday.

Registrations will also be accepted via voicemail during evenings and weekends. There is ample free onsite parking, and public transit is right at the corner.

32 METRO VANCOUVER NEW CONDO GUIDE MAR 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

MAR 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 33

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CONDO PROFILE

KENSINGTON Home. Town. Spirit. // BY SUSAN M BOYCE

s

omething new is coming to Langley. And if you haven’t visited the Willoughby Town Centre neighbourhood yet, get ready to be surprised, delighted, and wowed big time.

Introducing Kensington: a vibrant, pedestrian-friendly community that combines sophisticated residential, socially active retail, and diverse services to create a unique character and irresistible charm.

NEW VIEW ON LIFE

“Kensington is so much more than just a collection of really cool apartments,” says Tarynn Sharpe, sales representative. “There’s simply nothing else like it anywhere in Langley – the first true town centre where people can live, walk, eat, shop, and play.”

One look at the scale model, and I can understand her enthusiasm.

There’s a playfulness to the building’s articulation and colourfully textured façades that is reminiscent of a traditional Old World village, but with a distinctly contemporary twist. The street here is wide and inviting, something I’d noticed in person as I arrived at the presentation centre. And with Noma Sushi plus Mattu’s Coffee & Tea shop both now open and sporting comfy outdoor patios, there’s no doubt in my mind that Kensington is going to be one vibrant, interconnected community.

“So many of today’s homebuyers, especially the younger ones, consider their neighbourhood an extension of their living room,” Tarynn says as if reading my mind. “But it’s been surprising how many people have told us they not only love the proximity to all the shops and services, they actually want to be able to see the street from inside their home.”

And for those folks, Kensington has the perfect answer: upper floors that are stepped back from the ground-level retail. The result? Outstanding streetscape views as well as massive second-level, private decks that would most accurately be described as “awesome” in any vernacular.

SIZZLING STYLE

“About half the suites here at Kensington are one bedroom or one and den, so they appeal to young professionals or first time buyers, but we also have two- and even 1,360-sq.ft. two-bedroom and den homes that our downsizers are loving,” Tarynn says.

“Ready to take a look?” You betcha.

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The display home is a two-bedroom and den that feels even larger than the 978 sq. ft. Tarynn tells me is its footprint. The kitchen, always a first on my “must check out” list, is huge – tons of counter space, soft-close cabinets, built-in pantry, and top-of-the-line stainless steel appliances that all add up to “serious gourmet cooking” ambiance.

And here’s a delightful and innovative bonus: LED lighting recessed invisibly under the cabinets – very cool, very different. Oh and by the way, be sure to look to your left immediately you enter because you’ll discover yet another simple yet rare feature: a decorative key ledge perfect for cell phones, wallets, purses, pens, and yes, even keys.

As we continue our tour, Tarynn shows me yet more of the subtle details that put Kensington in a class of its own: nine-ft. ceilings, luxurious casings on all windows, and one of my favourites, a soap niche in the shower. Clearly, Kensington takes its commitment to luxurious appointments very seriously.

CELEBRATE COMMUNITY

Before I head back to Vancouver, Tarynn and I take a stroll along Kensington’s already evolving high street. “Eventually there will be about 500 homes and more than 145,000 sq. ft. of retail and commercial/office space here,” she tells me. Tenants

“ THERE’S SIMPLY NOTHING ELSE LIKE IT ANYWHERE IN LANGLEY – THE FIRST TRUE TOWN CENTRE WHERE PEOPLE CAN LIVE, WALK, EAT, SHOP, AND PLAY.” TARYNN SHARPE

include the Royal Bank, Rendezvous Liquor Store, Sassy Nail Salon, and Shoppers Drug Mart.

“And you should have heard how happy everyone was when the Presidents Choice Independent Grocer opened in December,” Tarynn says. “Neighbours who already live in the area are so happy to have a brand new grocery store within a five-minute drive. And for the people who will live right here at Kensington, it’s going to mean they can just walk out their door and pick up fresh produce or flowers.”

In closing, Hugh Carter, Qualico’s Community & Commercial Development vice president, sums up Kensington this way. “This will be a neighbourly place to live and meet up, a place that respects the past, values community, and celebrates the fact Langley is a great place to live.

With its quality homes and commercial space, pedestrian plazas and pleasant walkways, Willoughby Town Centre truly does have something for everyone.”

The Kensington presentation centre and display home are now open noon to 5 p.m. seven days a week at 110 – 20678 Willoughby Town Centre Dr. (208th St. and 80th Ave.) in Langley.

Floorplans range from one-bedroom to spacious two-bedroom and den homes with 1,360 sq. ft. of space.

Priced from $199,900. For more information visit liveatkensington.ca or call 604.427.3311.

MAR 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 35

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10

176TH ST

184TH ST

176TH ST

184TH ST

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152ND ST

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SOUTH SURREY | WHITE ROCK

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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

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WHITE ROCK’S MOST COVETED aDDRESS

4 gOLD gEORgiE awaRDS! 2013 winnER OF

HOMES SOLD FROM $339,900 TO $1,400,000 Enjoy life to the fullest in the heart of the beautiful beachside village of White Rock.

Royce is simply a collection of the finest condominium residences in White Rock. Ocean, neighbourhood and Courtyard view homes available ranging in size from 717 sq.ft. to 1,461 sq.ft.

PRESENTATION GALLERY OPEN NOON - 5PM DAILY 14855 THRIFT AVENUE APPOINTMENTS RECOMMENDED

Homes are well under construction. Ready for living in 12 months!

604.538.8028 ROYCELiVing.COM

038-Royce 03-07-14.indd 1

®

Prices are subject to change without notice and exclude applicable sales tax. E&OE. Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. fifthave.ca

2/28/2014 4:23 PM

SOUTH SURREY/WHITE ROCK

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LEGAL ANGLE

// BY NEIL MANGAN, JD

FIRST-TIMER’S BUDGET RELIEF

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).

T

he British Columbia government recently announced an immediate increase in the first time homebuyer Property Transfer Tax exemption from $425,000 to $475,000.

The Property Transfer Tax, commonly referred to as PTT, is normally payable whenever someone purchases a new or previously occupied property. Purchasers must pay a tax of 1% on the first $200,000 and 2% of the remaining fair market value of the property.

The first time homebuyer’s exemption allows qualifying purchasers to claim a full or partial exemption from paying the PTT as long as they meet

How changes to the Property Transfer Tax may affect you

certain qualifying criteria. Full exemptions are now available for properties with values up to $475,000 and partial exemptions are available for homes valued at between $475,001 and $500,000.

To qualify for the first time homebuyer exemption, your new home must fall within the maximum exemption amount and you must be a Canadian citizen or permanent resident. You must also have lived in British Columbia for 12 consecutive months or filed at least two income tax returns as a British Columbia resident over the previous six years, and you must have never owned a principal residence anywhere in the world or received a first time homebuyer’s refund.

The final requirement is that you move into the property within 92 days and reside in the property for the remainder of the one-year period after your purchase completes.

Since each person who qualifies is able to claim an exemption, there are several strategies available to couples or co-investors that allow them to maximize and preserve exemptions for future use.

One common strategy is to register a property in one person’s name when multiple purchasers qualify for the exemption. As long as the registered owner resides in the property, other beneficial owners who do not register their interest may continue to qualify for a future exemption.

If multiple first time homebuyers are purchasing a property and need to obtain financing, they should inquire with their financial institution to see if one person can register as an owner while the other simply signs on to the mortgage as a guarantor.

When two people purchase a property together and one person qualifies for the first time homebuyer exemption, both purchasers can register as ‘tenants in common’ with the first time homebuyer owning a larger legal share of the property. The PTT will only be payable on the legal interest purchased by the person who isn’t a first time homebuyer.

Before using any of these strategies to maximize the first time homebuyer PTT exemption, consult with your lawyer. You may need to prepare an agreement between the buyers to ensure that everyone’s legal rights are protected.

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

BARNET MARINE PARK

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LOUGHEED MALL

702-Columbia St 604.525.0223

B3. DOMINION 500 Royal Ave 604.525.8980

B4. VICEROY

608 Belmont St 604.522.2583

BURNABY LAKE REGIONAL PARK

DEER LAKE

DEER LAKE PARK

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ST E AV

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BOUNDARY RD

A3. AVIARA

A6. C ENTREBLOCK AT UNIVERCITY

EN

A5. BRENTWOOD

RW

A2. RED BRICKS

5021 Kingsway 604.456.0688

EW

DE

EN

A4. MODELLO

Griffiths Dr & 14th Ave 604.527.7955

E AV L B3 YA B1 RO

E ST

A1. REFLECTIONS

107 - 7090 Edmonds St. 604.525.8496

DE

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AD AW AY

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BOUNDARY RD

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18 Begbie Street 604.523.0081

A6

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CLIFF AVE

A5

UN IVE RSITY DR

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WILLINGDON AVE

HASTINGS ST

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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

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

Aug.17 2012

7.625”x1.625”

Ledingham McAllister

CMYK

042-Burnaby New Westminster 2011_CG.indd 42 CG Banner Ad Redesign

Legacy Sans

2/28/2014 4:12 PM

CONDO PROFILE

DOMINION

Quintessential New Westminster // BY SUSAN M BOYCE

i

confess I still have a soft spot in my heart for New Westminster. It was where I bought my very first apartment and is, quite simply, a great city to call home. It still is. In fact, over the past few years, this riverside community with the friendly, outgoing ambiance has become even more dynamic, vibrant and intriguing. So you can bet I’ve been keeping a close eye on a new development taking shape blocks from my old home.

Introducing Dominion, a six-storey collection of boutique condominium residences boasting surprising views of the Fraser River and the park-like gardens of City Hall as well as floor plans designed specifically for our active, West Coast lifestyle. And today, I’m getting a sneak peek.

favourite room, the kitchen. White-on-white, a penny-round backsplash is perfectly set off by cabinetry that’s a contemporary interpretation of the classic Shaker.

“We decided to use an L-shape with center island because it’s so flexible — especially for people who like entertaining,” says Manuela Mirecki, Ledingham McAlister’s Vice President of Marketing and Design.

The result is a condo kitchen that feels every bit as open and inviting as a single-family house.

The second display home, a one-bedroom and den, is filled with more surprises. What at first glance looks like a smallish bedroom closet opens to reveal a spacious walk-in. There’s the convenience and space-saving savvy of a large, cheater ensuite with full-sized washer/dryer tucked neatly behind one door.

And there’s the balcony. This beauty would easily handle dinner seating for four plus a barbeque — which is good news because it’s also fully covered, meaning this is where you’d find me in all four seasons of the year.

Call the Moving Van Best of all, these homes are move-in ready. “People love being able to see what they’re buying and exactly what their view will look like — especially our many first-time homeowners,” Manuela says. “Buying your first home is an exciting time, so when you find a home you love, most people don’t want to wait a year or more for the building to be completed. They want to move in right away and get their money working directly for them, not a landlord. At Dominion, they can.”

Dominion’s brand new, onsite presentation centre is open noon to 5p.m. daily except Fridays at 500 Royal Ave. in New Westminster. Prices for these 118

Live Life Well The first of Dominion’s two display homes is dazzling in its attention to design detail — especially in my

studios to three-bedroom homes start at $209,900.

For more information visit ledmac.com/dominion or call 604.525.8980.

MAR 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 43

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2/28/2014 4:07 PM

INSIDE MORTGAGES

Self employed?

// BY KRIS GRASTY

TAX BENEFITS VERSUS MORTGAGE RATES

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.

L

ending guidelines have changed recently, and a large group of people affected are those who are self-employed or fall into the category of Business for Self (BFS). If you are currently BFS and are already mid-term in a mortgage, when you come up for renewal and want to switch lenders or buy that bigger home, you may be in for a surprise.

Most lenders are now requesting a good deal more documentation than you may be accustomed to. Whether you think you can income qualify or not, you will have to provide a pile of documentation from business financials, two or three years T1 generals, bank statements, and more.

Some BFS clients claim enough taxable income to qualify, or have significant equity in their property that the required income is less of an issue, but some self-employed people make

an honest living, enjoy the deductions and write offs permitted by a business owner, and come qualification time do not have enough to show for taxable income. These individuals often have a high credit rating and no difficulty making their payments but are caught in the vortex of these new rule changes.

Again, it’s not all about rate here!

These BFS clients have the option to deduct fewer expenses from their taxable income to get that coveted lower rate OR they can maintain their tax advantage and understand the reality that comes with today’s lending parameters. It is important here to note that sometimes brokers have to place BFS clients with alternate or “B” lenders, and that this does not mean that they are sub-prime clients. Though mortgage rates may be higher for the selfemployed and BFS clients, this is often more than offset by the tax advantages they have.

In the diagram above, the BFS client qualifying for the higher rate may pay approximately $4000.00 more in interest yet saves overall (and has more to brag about to peers than just getting the best mortgage rate).

Some lenders will accept creative solutions such as adding back business interest expenses, business use of home, capital cost allowance (CCA or depreciation), and even motor vehicle expenses. Different lenders accept different combinations of add-backs. A broker will know this best, so enlist your broker’s help! You will be happy that you did.

INCOME CLAIMED

$100,000/ $20,000/ YEAR YEAR

Taxable Income

$25,060/ year

LOAN TYPE

A

alt A or B

Mortgage

$300,000

$300,000

Rate

2.99%

4.35%

Term

1 year

1 year

Interest per term

$8,804

$12,800

$1,761/ year

*For ease of comparison to BC yearly tax rate, a 1 year term has been used. **Rates are approximate and used for illustration purposes

INCOME TAX Savings

$23,299

Increased Interest Cost

$3,996

Total Annual Savings

$19,303

Some of the best things you can do to make it easier are: ›› Stay organized – maintain files

and keep all records ›› Use a Certified Accountant – third

party prepared financials ›› Pay on time – this includes your

income and property taxes ›› More equity or larger down

payment will help ›› Be aware – call your broker in

advance

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

044 Business for SelfKrisGrasty_SM_MT.indd 44

2/28/2014 4:07 PM

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

Offering spacious apartments and townhomes next to vibrant

1 Bedroom

546 sq. ft. from $239,900

shops and services, CentreBlock is your home in the heart of

2 Bedroom

893 sq. ft. from $339,900

Simon Fraser’s thriving UniverCity community.

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

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

2/28/2014 4:23 PM

CONDO VIEWS

Oakridge Centre Proposal

REIMAGINING THE URBAN MALL From parking lots to communities in the sky // BY STEPHANIE MACDONALD ANYONE WHO SPENT ANY FORMATIVE YEARS IN THE 1980s can attest to the cultural

importance of the mall. In classic movies like “Fast Times at Ridgemont High” and “Valley Girl,” the mall is a flashy, neon-coloured consumer palace where flirtations bloom, popularity is contested and young people test the waters of adulthood with first loves and first jobs.

Teenagers and senior citizens are enduring mall enthusiasts, but most people older than teenagers and younger than seniors are usually seen unenthusiastically dragging around cranky children or rushing to get in and straight out again. The mall’s gaudy shine has worn off, big box stores and internet shopping have taken their toll and the result is often empty parking lots, high vacancy rates and declining revenues.

In a region confined by the surrounding ocean and mountains, Vancouver’s real estate has always been defined by its limitation. Given that malls are usually surrounded by acres of parking lot, it’s not hard to see why developers have been keen to make use of this space potential. In the Lower Mainland this has resulted in some dramatic and extensive re-imaginings of what a mall means and what it can be. It turns out, there are ways to appeal to both seniors and teenagers, and especially people in-between: the kind of people who buy real estate. The answer is to go up, way up, creating highrise neighbourhoods, with mixed-use retail, cultural, recreational and green spaces on the bottom, with more limited parking going underground.

Clearly there have been some major changes to city zoning and consumer demand, and this has necessitated a very innovative design process that fuses the

cultural, recreational, residential, economic and sustainability needs of a community into one overarching project.

Ideally this will take into account of the city’s demands for growth, the developer’s need to make money, the well-being of the residents and character of the surrounding areas.

The two most notable mallrejuvenation projects that are already happening are at Brentwood Town Centre in Burnaby, and Oakridge Mall in Vancouver. Both these ambitious project plans are in the midst of the civic planning approval process, and are thus works in progress.

The Brentwood Town Centre plan, created by the current owners of the mall, Shape Properties and marketed by Rennie Marketing Systems, envisions a

These projects are in their early stages, but one thing is for sure, Metro Vancouver’s condo landscape is changing for the better.

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

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The Oakridge proposal, as it stands now, is intended to create a “mini city” within Vancouver, fully accessible by SkyTrain and transit, with over 14 acres of total public space built in. “signature destination with an urban feel that will support sustainable lifestyles where people can shop, work, live and play”. Over 1.3 million square feet of retail will be attached to 500,000 square feet of office and high-rise residential towers.

Street level will feature multi-level buildings with restaurants with rooftop patios, green spaces with outdoor market stalls and gathering venues. The one-acre public plaza, lined with multi-level buildings, is filled with shops, restaurant patios and rooftop gardens. This plaza is intended to be an amphitheatre of activity and an outdoor “living room” for the two James K.M. Cheng-designed residential towers on either side of the plaza.

A total of 12 towers are in the proposal for the 28-acre site.

Parking will be underground, creating a greenery-lined walkable core to the development. This community is expected to start unfolding in the summer of 2014.

The future incarnation of Oakridge Centre, if approved by Vancouver City Council, is intended to create a “mini city” within Vancouver, fully accessible by SkyTrain and transit, with over 14 acres of total public space built in. Features of the above-ground park and green space area plan include an artificial lake and a 0.8 kilometre running track, a public water art garden, urban agricultural plots, public seasonal gardens, outdoor dining pavilions, extensive and state-of-the-art children’s play area, multi-use ball courts and a Great Lawn. A new public library, a senior’s centre, a new community centre and a childcare centre are a few of the civic amenities in this “inclusive, mixed-use neighbourhood, along with 580 units of below-market rental, at market rental, and below market and

Brentwood Town Centre Proposal

Brentwood Town Centre Proposal

non-market social housing for families and seniors.

The core of the project are 2,900 units of market condominiums in towers and lowrises, along with a muchexpanded retail centre with indoor and outdoor stores, a multitude of restaurants and cafes both on the street and within the mall, and office buildings. This enhanced commercial centre will provide both citywide and local retail services, improving the diversity of the retail offerings including more shops that cater to neighbourhood needs. The Oakridge plans is going to public hearings this spring, where there is sure to be lively debate about height, park space and the effects on transit in the area. Time will tell if this forwardthinking new urban centre will go ahead as planned, or will be further revised after the community hearings, but something big is happening at Oakridge no matter what.

Other Lower Mainland malls have gotten in on this action as well, notably Anthem Properties’ Station Square at Metrotown, which is being developed with five residential towers up to 57 stories high and at a cost of over $1 billion.

Station Square is also fully integrated with Skytrain, Metrotown and Metropolis, and will have a walkable “Main Street”-style core with shops, restaurants and outdoor marketplaces. Lansdowne Centre in Richmond has also been rumoured to be undergoing an urban rejuvenation in the form of additional residential units, as well as Kingsgate Mall in East Vancouver, Park Royal in West Vancouver and Arbutus Mall on the west side of Vancouver.

These projects are in their early stages, but one thing is for sure, Metro Vancouver’s condo landscape is changing for the better. With more transit-friendly, sustainable and community-oriented projects like these going ahead, life in one of the world’s most liveable cities is just getting even better. And admit it: your sullen teenage self would drop your Walkman and jump for joy in your Converse hightops at the prospect of living above an exiting and happening mall, and developers are betting that many people are going to feel that way well into the future.

MAR 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 47

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2/28/2014 4:07 PM

IT’S NOT TOO LATE TO...

DISCOVER BC’s BUILDERS, DEVELOPERS AND COMMUNITIES - ONE STORY AT A TIME

2013 BuildersAnnual.com

BuilDer & DevelOper

BC’s Builders, Developers and Communities – One Story at a Time

If you missed picking up this year’s issue, call 604.519.6080 or email homes@wall2wallmedia.com to receive your FREE copy!

Metro Vancouver’s finest new-home builders and condo developers

An inside look At

Mortgage smarts – separating fact from fiction

Designer tips on choosing your finishes

NewHomeGuide.ca

048-BuilderAnnual 2013.indd 72

2/28/2014 4:23 PM

BURNABY/NEW WESTMINSTER

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

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LV D KW AY B

UB T EA PLA

COAST MERIDIAN RD

RIDGE PARK

ET R

EE

WA Y

PA R

LVD

COQUITLAM | PORT COQUITLAM | PORT MOODY | PITT MEADOWS

NE

V

VICTORIA DR

DR

Barnet Hwy

ST JOHNS ST

LINCOLN AVE

COQUITLAM CENTRE

DEWDNEY TRUN K RD PRAIRIE AVE LD

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MEADOW GARDENS GOLF COURSE

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FORD RD FRASER RIVER

COQUITLAM 404 - 552 Clarke Ave. 604.936.0336

A2. BLOOM

Sales Centre #101 - 618 Langside Ave. 604.939.8808

A3. BLUETREE HOMES AT MACKIN PARK

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

DEWDNEY TRUNK RD

PORT COQUITLAM A4. UPTOWN

bosaproperties.com 604-939-2677

B1. ORCHID

2455 Wilson Ave. 604.866.4206

HARRIS RD

HAMMOND RD PITT MEADOWS AIRPORT

A1. COMO

123RD AVE

207TH ST

A3

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Hwy

AU G

AUSTIN AVE

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MARI NE R WAY

MUNDY PARK

A6

BR

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B1

MUNDY ST

AUSTIN AVE

BLUE MOUNTAIN ST

AR CL

NORTH RD

SMITH AVE

COMO LAKE PARK

OTTAWA ST

MA

KE

RD

A4 COMO LAKE AVE A5 A1 A2

ER

ST

TH

DR

GOLDEN EARS BRIDGE

A5. REGAN'S WALK Sales Centre #408 - 552 Clark Rd. Burquitlam Plaza 604.492.0222

A6. CHARLAND

102 - 1020 Austin Ave. 604.492.3388

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

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216TH ST

PIONEER MEMORIAL PARK

INLET PARK

LA NS BL VD DOW

IA

210TH ST

TA IN

R TO IC

203RD ST

ROCKY POINT PARK

UN

AVE

S BONSON RD

y

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SHORELINE PARK

DAV ID

TOWN CENTRE PARK

HARRIS RD

MO

CEDAR DR

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COAST MERIDIAN RD

D

JOHNSON ST

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R IVE

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COQUITLAM/PORT COQUITLAM/PORT MOODY

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

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You only get one chance to be first.

Discover Mackin Park in MaillarDville.

(Before everyone else does.)

Maillardville. Around the turn of the century it was one of the largest Francophone communities west of Manitoba.

Today it’s one of the most intriguing, authentic neighbourhoods in the Lower Mainland. Not to mention one of the most affordable. French-inspired architecture. Small town feel.

Close to Skytrain. An exciting, growing community with a bright future. And an affordable investment right now.

Sales Centre open daily

1 & 2 bedroom apartments, many with Fraser River views

Noon to 5 (closed Thu + Fri)

Separate front door

211 – 1020 Austin Ave.,

Garden terraces, covered balconies

Coquitlam

Interior courtyard

604.939.8874

Walkable to shopping, schools, cafés and amenities Move in Fall 2014

Priced from $199,900

See more at bluetreehomes.ca

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

052-Mackin 03-07-14.indd 1

2/28/2014 6:10 PM

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

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

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YOUR BEST SOURCE OF REAL ESTATE INFORMATION TO BUY, SELL, RENT OR RENOVATE. Pick us up at over 750 convenient locations including: Safeway, IGA, Skytrain Stations, Community Centres and More.

TO ADVERTISE CALL 604.519.6080 March 7 - 21, 2014 Volume 04 Issue 05

March 7 - 21, 2014 Volume 22 Issue 5

Historic Landmark. New Life.

The Heartland of Surrey.

PREMIER PARKSIDE VILLAS

The Ridge at Bose Farms Condominium Homes

Unobstructed views to a 4 acre park developed by the City of Surrey

SURREY’S BEST SELLER!

INSIDE THIS ISSUE

URBAN MALLS GET NEW LIVES

NCG VAN Cover-03-07-2014-FIN.indd 1

FIRST-TIME HOMEBUYERS ADVICE

VANCOUVER’S WORLD HOUSING INITAITIVE

2/28/2014 1:33 PM

INSIDE THIS ISSUE

MORTGAGE STRATEGIES FOR THE SELF-EMPLOYED

5 THINGS TO ASK YOUR BUILDER

WELCOME SPRING: BRING THE OUTSIDE IN

NH VAN Cover_March5_FINAL.indd 1

2/28/2014 3:48 PM

METRO VANCOUVER EDITION

FEBRUARY-MARCH 2014 VOLUME 13 ISSUE 1

www.homedecorandrenovations.com

Feb. 14 - Mar. 14, 2014 Volume 22 Issue 02

Metro Vancouver Edition

Avoid common

packing mistakes

BC HOME + GARDEN SHOW ISSUE:

Q&A with

BRYAN AND SARAH

PLUS DECOR-NOMICS:

SPEND VS. SAVE

BAEUMLER

My House/Design/Build/Team INSIDE THIS ISSUE

RECEIVES INTERNATIONAL ACCLAIM

PAINTING YOUR APARTMENT

Van Ren 02-2014.indd 1

2/7/2014 4:34 PM

View our Magazines online at NewCondoGuide.com Like Us on facebook.com/NewHomeGuideMetroVancouver

• ATLANTIC CANADA • CALGARY • EDMONTON • MONTREAL • VANCOUVER • WINNIPEG

054-Family of Mags copy.indd 84

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h m ro nt F n o n Ow * /m Dow 22ith 5% 8 $ W

BE A PART OF THE TRANSFORMATION!

EXCLUSIVE FINANCING PACKAGE NOW AVAILABLE OWN FOR $899*/MONTH WITH ONLY 5% DOWN.

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 as little as $199,900!*

MOVE-IN THIS SUMMER comoliving.com 604.936.0336 North Road

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*Prices and incentives are subject to change or be withdrawn without notice. Prices include net sales tax for owner/occupier only. Monthly payments are based on 10% down payment, a 25 year amortization with a 5 year term at a rate of 3.79% where the developer will pay the interest portion of your monthly mortgage payment, reducing your rate to 1.70% for the first 2 years out of a 5 year tern. This promotion is available OAC and is offered through a partnership financial institution only. E&O.E. Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca

055-Como 03-07-14.indd 1

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VI

OR CT

IA

DR

CEDAR DR

VICTORIA DR

DOMINION AVE

224TH ST

DEWDNEY TRUNK RD

Lo

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he

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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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104TH AVE

JAC KS O

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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

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

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MAR 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 57

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CONDO VIEWS

WORLD HOUSING: TRANSFORMING SLUMS ONE HOUSE AT A TIME Vancouver entrepreneurs’ one-on-one real estate gifting model helps empower families living in the world’s most notorious garbage dump sites

1 Families and their new homes

Pete and Sid in Philippines.

2

New Village homes in Cambodia

3

// BY MICHELLE HOPKINS LIVING IN BEAUTIFUL, PROSPEROUS CANADA

we can easily be unaware of the harsh reality of people’s lives in other parts of the world. Places where young children crouch, digging through a wasteland of garbage, for goods that might net a family a dollar or two a day at best. The sad truth is, millions of this planet’s destitute families survive and live in garbage dump shanties.

Peter Dupuis and Sid Landolt, Vancouver luxury real estate marketers, observed the horrific squalor that the world’s poverty-stricken people were living in or around these landfill shanty communities and decided they had to do something.

“In 2009, I was doing my Masters thesis. While on a flight between Los Angeles to Vancouver, Sid and I met Blake Mycoskie, the hip young founder of TOMS shoes,” says Dupuis, partner in S&P Destination Properties Ltd. “He told us that for every pair of TOMS shoes they sell, his company provides a new pair of shoes to a child in need.”

Inspired, the 30-plus year business partners discussed the possibility of a one-for-one gifting of homes model.

Over the next three years, Dupuis traveled the globe studying slum housing in garbage dump shanties in Mexico, Cambodia and the Philippines, as well as others in Africa, South America and India.

1

In addition, he gathered as much information as he could about social entrepreneurship, philanthropy and the plight of those living in some of the world’s worst and most notorious garbage dump communities.

The social capitalist also interviewed developers, buyers, social entrepreneurs and dump dwellers.

When Dupuis returned, he and Landolt identified three garbage slum communities that they wanted to provide homes for: in Phnom Penh, Cambodia’s Steung Meanchey Landfill; Puerto Vallarta, Mexico’s Xtapa Landfill and Manila, Philippines’ Smokey Mountain Landfill.

To test their model, last November two families living in the Steung Meanchey Landfill were given homes. “We saw how it gave these families dignity and a sense of hope for the future,” says Dupuis.

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eir

mes 2

In January 2013 World Housing was launched in beta form. According to Dupuis and Landolt, this is the first of its kind gifting model; no other organization exists to pair real estate home sales with deserving developing world recipients.

THIS IS HOW THE WORLD HOUSING MODEL WORKS

For each condominium sold at a certified luxury condo development around the world, World Housing will gift a deserving family a home in one of its three garbage dump communities. Potential developer partners must meet strict criteria, be committed to social change and pay a $25,000 fee to join. In addition, they commit to a minimum of 100 condominium units, or 50 per cent of the total project, to its gifting model.

“Then, for each condo sold, the developer pays World Housing a set fee of $3,000 of which $2,500 goes towards building the home and $500 to keep the organization running,” says Dupuis, adding everyone in the organization is a volunteer, no salaries are paid.

The first partner project in Vancouver will be Westbank Corporation’s 52-storey condo tower at Granville Bridge. In addition, World Housing has signed up

3

with other developers in Toronto, as well as globally, including Millborne Real Estate Corporation, Oahu, Hawaii and another in Taipei, China.

The impoverished families that receive the homes are also closely vetted by World Housing NGO partners.

“We have partnered with NGOS that specialize in providing educational, medical and nutritional support. We are the last piece of the puzzle,” says Dupuis, adding one of its NGOS is Cambodian Children’s Fund, founded in 2003 by former President of 20th Century Fox International Scott Neeson.

Families must adhere to strict rules of conduct to be considered as recipients of the homes: children are required to attend school rather than work as dumpster divers, the parents cannot be involved in either the sex or drug trades and the families must be seen by their communities as good role models.

THE HOMES

Built on stilts to protect them from flooding and rodents, each home is clad with metal and features 130 square feet of interior living space with another 130 square feet of covered exterior space as well. For each five homes, there is a shared bathhouse with toilets and running water. World Housing’s NGO partners identify the families, then build community housing by creating sustainable job skills through on-site construction and job skills training with local youth who actually live in these shanty communities.

To date, 53 homes have been gifted to families at the Steung Meanchey dump, 16 are in assembly at one of its two factories, with the goal of building 40 homes per month.

“By 2020, we hope to put roofs over the heads of 30,000 deserving people,” says Landolt, adding that translates to the construction of up to 5,000 new homes.

Although the venture is a charitable one, it is not a non-profit organization. Rather, it is designed as a CCC (Community Contribution Company) that focuses on using profits to drive social change.

“We are a for-benefit social change enterprise that generates revenue by connecting the buyers of developers’ projects to families in developing countries,” adds Landolt.

For more information about World Housing, visit www.worldhousing.ca.

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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

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A4. CADENCE BY CRESSEY Oval Village 5640 Hollybridge Way 604.276.8683

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5171 Brighouse Way 604.233.2633

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ENGLISH BLUFF RD

Presentation Centre No 3 Rd and Bennet 604.278.3939

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060-Richmond Delta 2011_CG.indd 60

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

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CONDO PROFILE

TEMPO

Life in balance // BY SUSAN M BOYCE

i

t’s Richmond’s hottest new neighbourhood: Lansdowne Village. This is where the best of city amenities, connectivity, and active living come together. It’s also where you’ll find Tempo, an impressive residential community brought to you

by Amacon.

“Tempo is all about building contemporary homes designed for the way families live,” says development and marketing manager Melissa Howey. “For example, we recognize people want to have the option of a sit-down dinner for six or eight people when they invite the family over. They want great kitchens and a MELISSA HOWEY place to store their seasonal gear. But they certainly don’t want to compromise quality. At Tempo, our buyers get floorplans that work plus the quality Exceptional Amenities Amacon has built their reputation on.”

“When it comes to amenities, Tempo is going to be outstanding,” Melissa says. “On the podium-level, homeowners will have exclusive Your Home: Your Style access to a lush courtyard with walking pathways, a play area for tots, One look at the two furnished display homes, and it’s garden plots, sports court, and even an urban orchard. Plus there’s clear Tempo really does offer something for everyone.

Tempo’s club house complete TV lounge and games area, party kitchen, The first, a one-bedroom, is decked out in urban-chic fitness room, indoor swimming pool, a hot tub, and a dance/yoga studio black with eye-popping gold accents. The look is — 7,000 square feet in total.” warm, sophisticated, and ultimately inviting — perfect Mind you, there’s still many amenities of Lansdowne Village itself for young professionals taking their first steps into the waiting to be explored: the famous Olympic Oval close by, miles of delights of home ownership. walking/cycling trails along Fraser River just across the street, as well as “And our two bedroom display shows how easy it the diverse fashion and culinary scene to be found at Richmond Centre can be to downsize to the convenience of “lock and go” or Aberdeen Mall. In fact, you could say this is a location that has it all… living even if you have grandkids who love to visit and and then some. treasures from years of travels that you want to display,” Melissa says. Her gesture takes in the massive Tempo offers of 223 homes in three concrete midrise towers. Phase living room, family-style kitchen, and a spacious one sales begin March 8th. Presentation centre and two display balcony just outside. She grins. “Of course, if you need homes open noon to 5 p.m. daily except Friday at 7720 Alderbridge even more space, we’ve also got a great selection of Way in Richmond. For more information visit amacon.com/tempo or three-bedroom homes.” call 604. 276.8885.

“ TEMPO IS ALL ABOUT BUILDING CONTEMPORARY HOMES DESIGNED FOR THE WAY FAMILIES LIVE”

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GRAND OPENING SATURDAY, MARCH 8TH

ONE, TWO, AND THREE BEDROOM CONTEMPORARY HOMES FOR PEOPLE WHO VALUE THEIR QUALITY TIME. TEMPO IS A COLLECTION OF NEW HOMES IN LANSDOWNE VILLAGE. A SOLID LONG-TERM INVESTMENT WITH CONCRETE CONSTRUCTION, SPACIOUS FLOORPLANS AND PLENTY OF AMENITIES INCLUDING AN INDOOR POOL. HOME STARTING AT $283,900 INCLUDING PARKING.

VISIT US: 7720 Alderbridge Way, Richmond BC Open every day from noon to 5. Closed Fridays.

Developed by:

604.276.8885 AMACON.COM

Marketed by:

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..

063-Tempo 03-07-14.indd 1

2/28/2014 4:24 PM

MONEY MATTERS

// BY GAIL VAZ-OXLADE

CREATING THE ILLUSION OF SCARCITY

O

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

ne of the reasons so many people are up to their eyeballs in debt is that they’ve had access to gobs of credit. Whether lenders threw a dozen credit cards at us, offered us big, fat lines of credit, or let us buy now and pay later, we’ve been living a life where we could have whatever we want whenever we want. It’s been a life of abundance.

Then came the economic change. Creditors stopped throwing credit at every Tom, Dick and Mary regardless of their ability to actually pay back that credit.

The government got into the swim creating legislation that said lenders couldn’t just raise a person’s credit limit without telling them – further exposing them to credit risk. And people started losing their jobs.

The abundance of the previous years has turned to forced scarcity. Some people took steps to prepare for the worst and are holding on through the tough times. Others have found their debt loads too high and are headed to bankruptcy trustees to see what they can off-load. Still others are just drowning with no idea what to do next.

I’m sad for all the people who can’t keep it together – people who are missing their rent or mortgage payments, falling behind on their car payments, pulling their kids out of sports or other extra-curricular activities. While things were good and they were constantly being offered more and more credit, they never imagined there would ever be an end to their ability to have what they wanted.

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I’ve worked with more than a few people who are totally astounded at the place they are currently in. How could this happen? You probably know a body or two who are scratching their heads.

I’m hoping that forced scarcity teaches an extremely important lesson about money: there may not be more money, and you better have some set aside just in case. It doesn’t take a world economic crisis to throw your budget into a tailspin if you have no money saved. It only takes a few weeks off work with a sick child, a call to jury duty, or a cut-back in your hours at work to make a house of cards fall down.

I wonder how many people will actually learn the lesson. And I wonder if anyone has figured out that you can create your own sense of scarcity to keep you constantly on your toes when it comes to managing your money.

Abundance has a way of permeating our very being and making us feel invulnerable. But we are all vulnerable, whether we want to accept that fact or not. And creating the illusion of scarcity may be what it takes to stay true to a sound financial plan.

I’m not talking about creating such a sense of scarcity that you’re always whining about what you can’t do or can’t have. And I’m not suggesting you use the illusion of scarcity to cheap out on life. But if you’re the kind of creature who routinely spends every penny you make, maybe you need to implement the illusion of scarcity to keep yourself in check. And maybe if you move your money where you can’t touch it, leaving yourself with less to “blow” on stuff, you’ll actually end up achieving some of those goals that have always been so elusive.

With less money to “blow” on stuff, you’ll actually end up achieving some of those goals that have always been so elusive

How do you create the illusion of scarcity? Well…

First, you make a budget that balances. You transfer all the money that must be used to pay your fixed and variable expenses to a “house” account, so you know those bills are covered and you can’t spend that money on stuff.

Second, you set some goals you want to achieve. It may be paying down your mortgage annually, taking a fabulous family vacation, or going back to school.

Third, you set up savings accounts for each of the goals you want to achieve, and have the money you want to save moved automatically to those accounts so that money is out of sight.

Now you only have money left in your first account that you can actually spend on all that stuff you so love to buy: coffee, lunches out, another tool, magazines, DVDs, more clothes… name your weakness here. For me it’s houseplants and books. When I look at the money in my account, because I’ve made most of it disappear to places I don’t look regularly, I’m more cautious about just how I blow what’s left. I prioritize. I consciously decide to spend (or not to spend) the money. I don’t feel like I have so much money I’ll never run out so I can just have this one little thing.

And that’s the point of creating the illusion of scarcity: to recognize that money is an exhaustible resource so you better be sure your spending isn’t just a knee-jerk reaction to your sense of abundance.

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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

ED

KI

NG

1 QUEEN ELIZABETH PARK

E 33RD AVE

12

RI

SW

MA

NE

E 49TH AVE

DR

1. EMPIRE AT QE

6. TATE ON HOWE

11. KEEFER BLOCK

2. CANVAS

7. SAIL

12. BOULEVARD PRIVATE RESIDENCES

3. WALL CENTRE CENTRAL PARK

Boundry Road & Kingsway 604.874.9232

4. 4. SIXTH & WILLOW W 6th Ave & Willow St 604.662.8554

5. VIEW 388

Presentation Centre 3594 East Hastings 604.330.8838

E 29TH AVE

10

3

E 41ST AVE

W 70TH AVE

604.875.8508

RENFREW ST

E KING EDWARD AVE

W 57TH AVE

onni.com

E 12TH AVE

SW AY

W 41ST AVE

R

W 49TH AVE

4500 Cambie St. 604.687.8800

E BROADWAY

1265 Howe St 604.568.8283

108 - 3479 Westbrook 604.221.8878

8. RADIUS

4th Ave. & Fir 604.731.5522

9. MECCANICA First & Quebec 604.876.8819

10. KENSINGTON GARDENS 2220 Kingsway 604.620.7886

SE MARIN E

DR

BOUNDARY RD

RIN

E BROADWAY

VICTORIA DR

MA

4

W BROADWAY

E 1ST AVE

W 12TH AVE

MAIN ST

SW

AVE

KNIGHT ST

W KING EDWARD AVE

PACIFIC SPIRIT PARK

DUNBAR ST

L AL

7

W 16TH AVE

INAL

2

W 6TH AVE

OAK ST

KM

6T

8

OAK ST

OO

VE HA

W BROADWAY

9

15

CAMBIE ST

ALMA ST

W 10TH AVE

TE R M

CORNWALL AVE

5

VENABLES ST

MAIN ST

REY RD

W 4TH AVE

W1

E HASTINGS ST

11

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

MCDONALD ST

NW M

13

14

COMMERCIAL DR

BURRARD INLET

Keefer St & Main St 604.682.8813

6493 West Boulevard 604.685.5778

13. FRAMEWORKS 231 Pender Street 604.620.6223

14. ADDITION

Hornby & Helmken 604.620.6692

15. T HE RESIDENCES AT WEST 195 W. 2nd Street 604.707.9378

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VANCOUVER

25 westside townhomes

“A new palette for Vancouver, the luminous design at Sixth and Willow is elegantly quiet in its simplicity.”

Michael Green Principal, Michael Green Architecture

GRANVILLE ISLAND FALSECREEK CREEK FALSE

CAMBIE ST

W BROADWAY

WILLOW ST

6TH AVE

BY APPOINTMENT sixthandwillow.com 604 336 2800 This is not an offering for sale. Any such offering can only be made by way of Disclosure Statement. E. & O.E.

70 METRO VANCOUVER NEW CONDO GUIDE MAR 7 - 21, 2014

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VANCOUVER

Luxury

PENTHOUSES starting on the 25th floor

opsalliving.ca/skycollection

This is not an offering for sale. Any such offering may only be made with a disclosure statement. The developer reserves the right to make changes to the information contained herein. E&OE. *Conditions apply for rebate eligibility. Please see an Opsal sales representative for full details.

Sales Centre open Saturday - Thursday 12 PM - 5 PM 604.876.7332

P

SALES CENTRE

MAR 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 71

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TIPS AND TRICKS

// BY MARNIE BENNETT

Top 10 mistakes firsttime homebuyers make

AND HOW TO AVOID THEM

B

uying a new home is one of the most significant decisions of your life. Be properly educated and make all the right moves to ensure your home is both a comfortable place to live and a great investment for the future. Here is a list of the 10 most common mistakes to avoid:

1. FAILING TO USE A TRUSTED ADVISER A home is the greatest asset

Marnie Bennett is the number one Realtor worldwide for Keller Williams Realty Inc., and is in the top one per cent of North America’s realtors. She is also author of 10 Deadly Mistakes Buyers Make When Purchasing a Home. Email her at mbennett@bennettpros.com or visit bennettpros.com

Be properly educated and make all the right moves to ensure your home is both a comfortable place to live and a great investment for the future

of your life, so you need to ensure you have done the proper homework.

It is critical that you work with a professional such as a trusted real estate representative and lawyer. Make sure your real estate professional is dedicated to the job full time, and that they know exactly what you’re looking for in your top neighbourhood – not their’s. Work with someone who gets you the best price and a hassle-free experience.

2. WASTING TIME BY LOOKING AT HOMES YOU CAN’T AFFORD Most buyers don’t know what they can afford. It is critical that you know both your credit rating and how much of a mortgage you qualify for before you begin shopping for a home.

Get a full mortgage pre-approval from your bank or broker, which is a commitment from the lender that states the purchase price and your interest rate – guaranteed for a specific amount of time, usually 90 to 120 days.

When buying a brand new build, you will need a capped rate up to 18 months to accommodate the construction period. With this approval in hand, you can then concentrate on looking at condos you know you qualify for.

3. BUYING THE WRONG HOME The first thing prospective buyers should do is make a list of priorities and outline the “must-haves” and your “wish list.” Determine the desired housing style, number of bedrooms, bathrooms, neighbourhood, parking and proximity to work or public transportation. There are so many choices, so be clear and concise, and stick to your budget.

4. TRYING TO SAVE MONEY BY NOT HIRING A PROFESSIONAL HOME INSPECTOR A home inspection can help distinguish a home that is a

money pit from one that is a gem. Even brand new home buyers can benefit from a home inspection.

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5. NOT REVISITING YOUR TARGET NEIGHBOURHOOD A FEW TIMES

It is critical that you view the home at different times of the day and at night. You want to ensure you made the right decision on your neighbourhood of choice – and potentially your new neighbours.

6. GIVING IN TO FEAR Yes, buying a home is a scary thing and you may not feel certain you’ve found the right place. Should you buy now? Will prices fall?

Will you receive any incentives? Should you keep looking? Remember, when you’re renting you are making someone else rich and not building equity in your own home. When you become a homeowner, you have a fixed asset and you’re on your way to financial freedom. Do your homework and be ready to make the decision when you find the perfect home for you. Have confidence.

7. NOT BEING PREPARED FOR CLOSING COSTS The down payment is one

thing, but there are other closing costs such as lawyer fees, land transfer taxes, utilities, insurance and others, so be prepared. You may also be eligible for government programs such as the Home Buyers’ Tax Credit and Home Buyers’ Plan, so do your research and know what your total costs will be.

8. NOT UNDERSTANDING YOUR MORTGAGE This is a complex and often-

intimidating topic, but what you learn (or don’t learn) about mortgages could save or cost you thousands of dollars. Key factors are your interest rate and amortization, but also find out what your payment privileges are, whether the mortgage is portable, your down payment requirement, insurance needs, if the mortgage is open, closed, variable or fixed. Understand the terms and what they mean for you.

9. FAILING TO UNDERSTAND THE DIFFERENCES BETWEEN BUYING A NEW AND RESALE HOME Resale

and new homes each have their own advantages and disadvantages. Make a list and compare them. For example, with a new home you have choices such as style, finishes and the suite’s location in the building – and everything is new. But you also may face construction delays, which could impact your finances or current living arrangements. With resale, what you see is what you get. Figure out which scenario is best for you.

10. BEING ILL-PREPARED FOR MOVING DAY It is important to

establish a list of priorities and ensure you have contacted the utility companies, secured proper insurance, booked movers, rerouted your mail and finalized all financing. If you do all your homework and you’re well prepared, moving day can be the start of one of the greatest experiences of your life.

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YOUR BEST SOURCE OF REAL ESTATE INFORMATION TO BUY, SELL, RENT OR RENOVATE. Pick us up at over 750 convenient locations including: Safeway, IGA, Skytrain Stations, Community Centres and More.

TO ADVERTISE CALL 604.519.6080 March 7 - 21, 2014 Volume 04 Issue 05

March 7 - 21, 2014 Volume 22 Issue 5

Historic Landmark. New Life.

The Heartland of Surrey.

PREMIER PARKSIDE VILLAS

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Unobstructed views to a 4 acre park developed by the City of Surrey

SURREY’S BEST SELLER!

INSIDE THIS ISSUE

URBAN MALLS GET NEW LIVES

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FIRST-TIME HOMEBUYERS ADVICE

VANCOUVER’S WORLD HOUSING INITAITIVE

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INSIDE THIS ISSUE

MORTGAGE STRATEGIES FOR THE SELF-EMPLOYED

5 THINGS TO ASK YOUR BUILDER

WELCOME SPRING: BRING THE OUTSIDE IN

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METRO VANCOUVER EDITION

FEBRUARY-MARCH 2014 VOLUME 13 ISSUE 1

www.homedecorandrenovations.com

Feb. 14 - Mar. 14, 2014 Volume 22 Issue 02

Metro Vancouver Edition

Avoid common

packing mistakes

BC HOME + GARDEN SHOW ISSUE:

Q&A with

BRYAN AND SARAH

PLUS DECOR-NOMICS:

SPEND VS. SAVE

BAEUMLER

My House/Design/Build/Team INSIDE THIS ISSUE

RECEIVES INTERNATIONAL ACCLAIM

PAINTING YOUR APARTMENT

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PURCHASER PROFILE

ALEX AT INGASTOWN More time for life // BY SUSAN M BOYCE

he wasn’t actively considering buying, there was something about the “feel” of the renderings he saw there.

“I loved the modern look,” he says. “I can see why the interior designer has won several awards. In addition to the crisp, functionally elegant kitchen, Alex was impressed by the bathroom — the glass half-wall that eliminates the need for a shower curtain, the square undermount sink, even the sleek toilet. “It’s all so easy to keep clean and it looks great.”

I’ve always wanted to live downtown so I can be close to the things I enjoy.

Winning Location Ultimately though, it was InGastown’s location that completely won Alex’s heart. “Right now I’m living in Richmond about three blocks from a Canada Line station,” he says. “Sure it’s easy to get around, but when you add up the time — half an hour to downtown plus time waiting for the train plus five minutes walk at either end — it’s at least a 45-minute commute to work each way. When I move into my new place, that will be compressed into a fiveminute walk.”

PICTURED LEFT

SOME SAY OPPORTUNITY IS A MATTER

An entrepreneur in the technology incubator industry, Alex immediately understood the long-term potential of InGastown’s convenient location and affordable pricing.

of timing. For Alex, it might be more accurate to say it’s a matter of time.

“Being a Generation Y and an entrepreneur, I value time,” he says.

“I prioritize convenience over anything else.”

So when he stepped outside his Gastown office for a lunchtime stroll and saw the recently opened InGastown presentation centre just a couple of blocks away, Alex knew he had to take a closer look. Even though

Work, Rest, Play, and Plan Looking ahead, Alex says he’s going to enjoy the process of buying new furniture and being close to the many diverse restaurants and amenities of his new ’hood. “I’ve always wanted to live downtown so I can be close to work and to the things I enjoy,” he says. “And at age 25, the price is totally affordable.”

Like many others, he’s also taking advantage of InGastown’s partnership with VanCity to make the transition from monthly rent payment to mortgage even easier — two per cent down now, then borrow the rest of the required down payment.

Still, he’s pragmatic when it comes to the realities of being a homeowner in a rapidly changing market. “In a perfect universe, I’ll live here for a couple of years, then rent my suite out and buy something larger,” Alex says.

“But even if my situation changes, I could always rent it right away for at least $1,500.”

More information about InGastown is found online at ingastown.com or call 604.568.0228.

78 METRO VANCOUVER NEW CONDO GUIDE MAR 7 - 21, 2014

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BUY OVER 550 NOW HOMES SOLD ALREADY

10% DOWN

ALL HOMES INCLUDE PARKING

AND PAY NOTHING UNTIL 2016

OWN FROM JUST

$26,990 DOWN

HURRY THIS IS A LIMITED TIME OFFER!

ONE BEDROOMS FROM $269,900

10% DOWN AND PAY NOTHING UNTIL 2016

JUST RELEASED THE GARDENS ON ORMIDALE BUY NOW AND SAVE MORE!

TWO BEDROOMS FROM $382,900 NOW SELLING AT BOUNDARY AND VANNESS

T

KINGSWAY

BURKE ST

VA

NN

BOUNDARY RD

ORMIDALE ST

T

ES

YC

JO

ES

SA

CENTRAL PARK

VE

MANAGED BY

MARKETED BY

WALLCENTRECENTRALPARK.COM

604.874.9232

OPEN DAILY 12-5PM CLOSED FRIDAYS

Some conditions apply, offer is valid until March 31, 2014, please ask for details. The developer reserves the right to make changes to the information contained herein without notice. E.&O.E.

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VANCOUVER

80 METRO VANCOUVER NEW CONDO GUIDE MAR 7 - 21, 2014

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G & N I G E AT O L I N H + CO

I GL ENS A H NT +I KITC

N L RA TOW T N EN +C DOW

IGE L L E NT LANS I + P

NT

HORNBY & HELMCKEN Z UE TURE Q I C R EN HITE H + RC A

164 CITY HOMES FROM $349,900 WHERE IT ALL BEGINS TO ADD UP 路 REGISTER NOW

6 0 4 6 2 0 6 6 9 2 A D D I T I O N L I V I N G . C OM DOWNTOWN VANCOUVER AT HORNBY & HELMCKEN

UR M RT RY +A ENT

081-Additon 03-07-14.indd 1

AL

D NE ES I F E C + R S PA

2/28/2014 4:25 PM

TAX TIME

TAX TIPS

Canada’s top 10 tax questions answered H&R BLOCK CANADA ANSWERED more than 3,000 tax questions online in 2013. Here are the most popular questions from the past year:

1

HOW MUCH CAN I EARN BEFORE I START PAYING TAX? In 2013, you can earn at least $11,038 federally before you begin paying income tax.

2

I AM A HOMEOWNER. WHAT CAN I CLAIM ON MY TAXES? Unlike the U.S., the tax benefit from owning your own home comes when you sell. Every Canadian is allowed a capital gains exemption on their principal residence. But if you bought your first home in 2013, you can claim the $5,000 Home Buyers’ Amount that brings about $750 in tax savings.

3

I STARTED UNIVERSITY IN THE FALL. HOW MUCH WILL MY REFUND BE? In order to receive a tax refund, you have to have paid income tax during the year. If you didn’t work during the year, your tuition credits cannot create a refund on their own.

However, you can carry the credits forward to use in future years when you are earning more income.

4

WHEN CAN I FILE MY 2013 RETURN? The Canada Revenue Agency begins accepting returns electronically starting February 10, 2014 when the Netfile system opens. We always recommend that you wait until all your slips and receipts arrive before you file your return.

If you didn’t work during the year, your tuition credits cannot create a refund on their own.

However, you can carry the credits forward to use in future years when you are earning more income.

82 METRO VANCOUVER NEW CONDO GUIDE MAR 7 - 21, 2014

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If you are a U.S. citizen, the IRS expects you to file a Form 1040 and FBAR every year if you meet the requirements.

5

MY FATHER GAVE ME $6,000 TO HELP WITH BILLS. DO I NEED TO REPORT IT ON MY TAX RETURN? Gifts are not taxable and do not need to be reported on your tax return. However, if you deposit the gift into a savings account or investment, the income earned by the money would be reported on your tax return.

6

IF I MOVED FROM B.C. TO SASKATCHEWAN IN DECEMBER, CAN I STILL FILE A B.C. RETURN? Your province of residence is determined on December 31 of the tax year. So if you are living in Saskatchewan at the end of the year, you need to file a SK return.

7

I WORKED ON CONTRACT THIS SUMMER. HOW DO I REPORT THE INCOME? You are considered self-employed for tax purposes so you will need to complete a T2125 Form as part of your personal tax return. You will be able to report your business income as well as reasonable expenses you incurred to earn your income. Remember, you have to pay both the employer and employee portions of the Canada Pension Plan (CPP). However, you can claim a nonrefundable tax credit for the employee portion and a deduction for the employer portion.

8

DO I HAVE TO CLAIM COMMON-LAW IF WE KEEP OUR FINANCES SEPARATE? Once you live together for 12 continuous months, you are considered common- law for tax purposes and you need to report it correctly on your tax return. It does not matter how you structure your finances.

9

HOW DO I CLAIM STOCK THAT HAS LOST ITS VALUE? Unless you have sold the stock and realized the loss or the stock is no longer listed, you cannot claim a stock value

drop. If you have sold your stock, you need to report your capital loss on a Schedule 3. Capital losses can only be used to reduce capital gains.

10

I WAS BORN IN THE U.S. BUT I BECAME A CANADIAN CITIZEN 20 YEARS AGO. DO I NEED TO FILE A U.S. TAX RETURN? Unless you went to a U.S. embassy and officially renounced your citizenship, you are considered a dual citizen no matter how long you have lived outside of the U.S. If you are a U.S. citizen, the IRS expects you to file a Form 1040 and FBAR every year if you meet the requirements.

Gifts are not taxable and do not need to be reported on your tax return. However, if you deposit the gift into a savings account or investment, the income earned by the money would be reported on your tax return.

MAR 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 83

082-083 Tax H&R Block_SM_MT.indd 83

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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

S

Y WA KI

DR

HI

MAMQUAM RD

STANLEY PARK y

a

Se

VE R GO

NM

E NT

To

Sk

y

w

H

RD

LOGGERS LN

QU E E NS WAY

RAVEN DR

99

A8

A4

LYNN CANYON PARK

MT SEYMOUR PKY A7

KEITH RD E

L LEVE LOW

R D E MAI N

A8. T HE ANCHOR

A3. T HE PRESCOTT

A9. T HE SHORE

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 E 3rd St 604.988.8800

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

R

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

A6

A2. REMIX

13th & Lonsdale 604.969.3333

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

84 METRO VANCOUVER NEW CONDO GUIDE MAR 7 - 21, 2014

084-North Shore Squamish Whisler 2011_CG.indd 84

2/28/2014 4:13 PM

BIG SUITES WITH BIGGER VIEWS

BUY NOW AND SCORE BIG WITH “THE PERFECT 10” SALES PROMOTION *

2ND

ESP

LAN

ADE

ST.

E

ST.

E

E

ST

1ST

ST.

GEO RG ES

LON SDA

LE

3RD

AVE

AVE

10 % deposit $10,000 off the purchase price $10,000 towards customization options

AVE

Visit our Presentation Centre at 131 East 3rd Street North Vancouver Open daily (except Fridays) 12noon-5pm.

The Anchor brings the security of concrete construction, exceptional features and elevated levels of craftsmanship to Lower Lonsdale’s freshest offering. And now, with the release of larger floorplans, you have even more selection.

1 Bedroom

11 foot Ceiling 639 sq. ft.

$369,900

1 and Den

South View

654 sq. ft.

$409,900

2 Bedroom

South View

828 sq. ft.

$539,900

2 and Den

South View

1,327 sq. ft. $899,900

Penthouse

Harbour View 1,719 sq. ft. Upon Request

TheAnchorLiving.com 604.988.8800 The Developer reserves the right to make changes and or modifications. All dimensions are approximate. E. & O.E. *Promotion available on select homes for limited time only. Ask Sales Manager for details.

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2/28/2014 4:25 PM

Published by

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DIGITAL DEVICE anytime, anywhere!

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2/28/2014 4:25 PM

087-Capstone 02-07-14.indd 1

2/28/2014 4:25 PM

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

$399,900

TAX TIME

TAX TIPS

for the young and restless FOR CANADIANS UNDER 35, it is likely that last year brought at least one major life change, such as finishing school, starting a family, or moving homes. All of these events can affect a tax return. Cleo Hamel, a tax specialist at H&R Block, offers the following tips to maximize your return:

Graduated with student loans?

If you’re a recent college or university graduate, chances are you have racked up some student loans. Did you know the interest paid on government loans is a tax credit? Also many low-income Canadians, like students, qualify to use tax software for free. For example, if you earn less than $20,000 a year, H&R Block At Home Online allows you to prepare and file your return for free, when it is convenient for you.

Relocated for work or school?

If you have packed the truck and travelled more than 40 kilometres to a new job last year, then you may be able to claim moving expenses such as transportation, storage and meals. Moving expenses are one of the most commonly reviewed credits, so make sure you keep your receipts in case Canada Revenue Agency asks for proof.

Had a bundle of joy?

Parents can claim the Child Tax Credit for each child under the age of 18. If one parent cannot use the entire amount, the unused portion can be transferred to a spouse or common-law partner.

Don’t miss out on the tax credits you are entitled to claim, says Hamel. Take the pain out of doing your taxes by using tax preparation software. It gives you step-by-step tips to identify every possible deduction or credit, and it ensures you get the maximum refund. NC

88 METRO VANCOUVER NEW CONDO GUIDE MAR 7 - 21, 2014

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NORTH SHORE/SQUAMISH/WHISTLER

NEARLY 50% SOLD

% 5 OWN WITH

DOWN ON

SELECT 1 BEDROOM PLANS*

W 17TH ST

1621 HAMILTON AVENUE NORTH VANCOUVER OPEN HOURS 12–5PM Daily (EXCEPT FRIDAYS)

MARINE DR

W 15TH ST

VISIT OUR SALES CENTRE

MACK AY

AV E

HEY W PAROOD HA K MIL TO NA VE

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

N TO IL M A H

N

TOBRUCK ST

16TH ST W E AV

MA RIN ED R

1 BEDROOMS STARTING FROM

$288,900

*Select one bedroom plans only. Prices and offering subject to change without notice. See sales person for details. E.&O.E. Marcon PC Urban Homes Ltd.

604.985.0003 HEYWOODLIVING.CA MAR 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 89

089-Heywood 02-07-14.indd 89

2/28/2014 4:25 PM

Single entry lounge pass starting from $33.25 tax inclusive ($24.50 children ages 2 – 11) for 2 hours lounge use. 3 hour and 6 hour lounge use also available** ** Online bookings only; higher rates apply for walk-in lounge use

All amenities are included in the price of entry including bar service after 11:00 a.m. (Toronto, Vancouver) and 10:00 a.m.

(Edmonton)

For online bookings go to www.plaza-network.com/booking/FlightInfo.aspx?ECONREF=W2W2014

090-Plaza Premium Lounge 2013.indd 30

2/28/2014 4:25 PM

THE

NORTH SHORE/SQUAMISH/WHISTLER

OWN A 2 BEDROOM HOME FOR AS LOW AS $1,425/MONTH*

Introducing LOLO—the program that gets you into a brand new 2 bedroom home in Lower Lonsdale for less than you can imagine, saving you up to $1,000 on your monthly mortgage payment.

Not only are these smartly-designed and spacious homes built by Intracorp, they are also perfectly located minutes to the SeaBus, Lonsdale Quay Market, cafes and restaurants, in the North Shore’s most desirable neighbourhood—Lower Lonsdale.

Visit today to get the lowdown on LOLO.

2 BEDROOMS FROM $469,900 MOVE IN SUMMER 2014

604.638.6240 ORIZONonTHIRD.com

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

Intracorp Third Street Limited Partnership

* This program is based on a 25 year amortization with a 5 year term and a 20% down payment at a rate of 3.94%, reduced to 0.49% for 1 year. Terms and conditions apply. Speak to a member of the Orizon on Third Sales Team for additional details. Prices and completion dates are subject to change without notice. The Developer reserves the right to make modifications and changes to the information contained herein. Pictures, drawings and digital renderings are for illustrative purposes only and should not be relied upon. E.&O.E. Sales and Marketing by Intracorp Realty Ltd.

MAR 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 91

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CONDO WATCH

Property Transfer Tax Update

CONDO MARKET WATCH Condominium homes to keep your eye on

Good news for first time homebuyers.

In the new budget, BC announced the Property Transfer Tax (PTT) exemption for first-time buyers has been raised from $425,000 to $475,000 — meaning a savings of up to $7,500. The Canadian Home Builders’ Association estimates this reduction will help 1,700 first-time homebuyers.

South Point Walk South Surrey ON THE STREET 152nd St. and 29A Ave. ON THE WEB southpointwalk.ca INFO 604.560.3238 HIGHLIGHTS Ideally located near the shops and services of Morgan Crossing, registration is now underway for this collection of luxury apartments and townhomes brought to you by Streetside Developments, a Qualico company.

Prices start in the $250,000s. Be sure to register online so you’re kept up to date with new information as it’s released. You can also leave a voice message and a sales representative will call you back. First phase of apartment residences anticipated to be released this spring.

West 10th & Maple Kitsilano

CAMBRIA Vancouver

ON THE STREET West 10th Ave and

ON THE STREET Cambie St. and 50th Ave.

Maple (at Arbutus) ON THE WEB west10th.ca INFO 604.729.2080

ON THE WEB mosaichomes.com/CAMBRIA

Coming soon to this great Vancouver neighbourhood is a stunning collection of 145 luxury suites ranging from one- to threebedroom. Engineered hardwood flooring, gourmet kitchens and air conditioning are just the start of this exciting offering from Pinnacle Living.

Walking distance to Granville Island, the beach, and the diverse boutique shops and eateries that line West 4th avenue. Easy transit and cycle access to downtown entertainment options too.

Register online today to find out more.

HIGHLIGHTS UPDATE

INFO 604.325.2216 HIGHLIGHTS An exciting new offering from MOSAIC Homes. Now accepting registration, CAMBRIA will be a collection of stylish one-, two-, and three-bedroom apartment homes featuring all the attention to detail and proportion you’ve come to expect from this Vancouver builder. Great location in the heart of the Cambie Corridor and just minutes from Canada Line, the Langara Golf Course, and Langara College. Sales anticipated to begin this summer so register early.

Wallace & McDowell North Vancouver ON THE STREET 149 Lonsdale Ave ON THE WEB wallaceandmcdowell.com INFO 604.971.2266 HIGHLIGHTS Urban and distinctly West Coast, Wallace & McDowell will be located in the heart of Lower Lonsdale — 64 apartment condominiums just steps from the best of North Vancouver.

Concrete construction and eye-catching architecture that mixes crisp, angular modernity with the industrial grit of this area’s shipbuilding heritage.

Presentation centre anticipated to open in March. Register today and be entered in a draw for a trip for two aboard the Rocky Mountaineer.

The Haywood West Vancouver ON THE STREET 2436 Haywood Ave ON THE WEB haywoodave.com INFO 604.281.1501 HIGHLIGHTS An upscale way to downsize, The Haywood’s display home is now open for private viewing in historic Dundarave Village. Just seven luxurious homes priced from $899,900 are available so be sure to visit soon.

Exposed timbers, natural Whistler basalt stone and rich wood details give The Haywood a sophisticated, contemporary. All this, and you’re just steps from the spectacular West Vancouver Seawall.

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.

92 METRO VANCOUVER NEW CONDO GUIDE MAR 7 - 21, 2014

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HOMEBUYERS’ HELP

condo buyers’

resource section

YOU LOVE THE CONDO, SEE WHAT YOU CAN AFFORD! Calculate your mortgage payments using the mortgage payment calculation chart

MAR 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 93

093-095 HomebuyersResource_CW.indd 93

2/28/2014 4:08 PM

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.

94 METRO VANCOUVER NEW CONDO GUIDE MAR 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 MAR 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 95

093-095 HomebuyersResource_CW.indd 95

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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 604.527.7955 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 Call From $390,900 From $389,900 Call From $274,900 From $239,900 Call Call Call From Low $300’s Call From $249,900 Coming Soon From $259,900 From $299,000

SF/LR/TH LR

604.824.5062 1.800.830.7175

Call From $184,900

HR HR LR/TH HR

604.472.1123 604.931.0302 604.939.8808 604.942.8416

Call From Low $200’s From $249,900 From $369,900

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 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 LR HR HR HR HR LR LR LR HR

Penthouse (PH)

Live Work (LW)

City Home (CH)

LR LR LR HR LR HR HR LR LR HR LR

604.492.3388 604.939.0018 604.936.9300 604.936.1888 778.829.1500 604.472.9555 604.472.9555 604.288.9888 604.939.8874 604.464.2701 604.492.0222

Call From $189,900 Call From $309,900 From $220,500 From $599,900 From $291,900 Call From $199,900 Call From $199,900

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

HR HR HR HR LR HR

604.377.9630 604.694.1188 604.523.0733 604.525.8980 604.520.9890 604.524.8080

Call Coming Soon Call Call From $218,900 From $224,900

NORTH DELTA

LANGLEY

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

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

258 on Sixth Brewery District Carlyle at Victoria Hill Dominion Duo at Port Royal Elliot St

COQUITLAM

1123 Westwood Austin Bloom Celadon

PRICE

Luxor Delta Rise

CHILLIWACK / SARDIS

Garrison Crossing La Cason

C O N TA C T

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

ABBOTSFORD

Abacus Uptown Brooklyn Lift Mahogany at Mill Lake Waterleaf

TYPE

High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

Loft (LO)

Townhouse (TH)

ConneCting buyers to the best new home o p p o r t u n i t i e s i n m e t r o p o l i ta n Va n C o u V e r new h o m es starti ng fr om t h e mid $1 0 0 ’s

FIFTHAVE.CA

n e w h o m e s a l e s and marKeting eXpertise

96 METRO VANCOUVER NEW CONDO GUIDE MAR 7 - 21, 2014

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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

Glass House Lofts Grove, The Lookout at Victoria Hill, The Northbank Parkside at Victoria Hill Trapp & Holbrook Viceroy

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

LR LR LR HR HR HR LR

604.520.9890 604.523.0733 605.523.0733 604.523.0081 604.523.0733 604.525.0223 604.522.2583

PROJ ECT

Call Call From $239,900 From $266,000 From $239,900 From $299,900 From $321,900

Residences, The Alexandra Court Camber Cadence Carrera Concord Gardens Emerald Gardens, The Harmony Monet Opal at Richmond Centre Ora Pier, The Remy River Park Place River Inlet Tempo Saffron

15 West HR 604.980.9949 From $340,000 221 East 3rd LR Coming Soon Anchor, The HR 604.988.8800 From Mid $200’s Atrium at the Pier MR/TH 604.983.9065 Call Capstone MR 604.929.8870 Call CentreView HR 604.988.8540 Coming Soon 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 on Third LR 604.638.6240 From $469,900 Pinnacle Residences at the Pier MR 604.983.9065 Call Prescott, The HR 604.969.3333 From Mid $200’s Queen Mary LR 604.770.1645 From $349,900 Remix LR 604.924.4488 Call Seylynn Vilage HR 604.980,5000 Coming Soon LR 604.980.0016 Call Shore, The

778.846.3200 604.460.6601

Aqua Elaho University Heights

LR LR LR LR LR LR HR 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 Penthouse (PH)

3 Civic Plaza Ascend Balance Connect Esplanade at Waterstone G3 Residences Latitude Lingo Lumina Manarola Park Avenue Park Central Quattro Ultra at West Village Verve Wave Wynd

Call From $134,900

From $219,900 Call From low $199,900 From $209,900 From $169,900 From $149,900 Call Call From $246,900 Live Work (LW)

City Home (CH)

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

604.957.3331 604.596.2202 tiensher.com 778.395.1886 604.530.5399 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 604.951.9283

Call From $170’s Coming Soon From $118,800 From $219,900 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 From $199,900

SURREY

PORT COQUITLAM

Altura Avanti Burleigh Walk Carmandy La Via Orchid Shaughnessy, The South Verde Valorie on the Park

604.552.0552

SQUAMISH / WHISTLER

PITT MEADOWS

LR LR

HR

RICHMOND

NORTH VANCOUVER

Cedar Downs Liv42

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

PORT MOODY

High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

Loft (LO)

Townhouse (TH)

MAR 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 97

096-097-099-CG Listings Pages 2013.indd 97

2/28/2014 4:13 PM

PROJ ECT

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

PROJ ECT

CLOVERDALE

Latis One92 Salix

LR LR LR

604.575.0669 604.576.1772 604.530.0054

Arbutus Ridge MR Binning Tower HR Boulevard Private Residences LR Cambie & 7th HR/TH Elizabeth LR Empire at QE Park MR Granville at 70th HR Kerrisdale Gardens MR Kits360 LR Lido HR MC2 HR Meccanica HR Opsal HR Pinnacle Living Broadway MR Pinnacle Living False Creek MR Prelude MR Prodigy HR Radius LR Sail LR Shannon Wall Centre Kerrisdale LR Sixth and Willow The Residences at West HR The Village on False Creek HR Westerly, The LR Yu MR

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

VANCOUVER & AREA DOWNTOWN

188 Keefer LR 999 Seymour HR Addition 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 $327,400 604.620.6692 From $349,900 604.781.4303 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

EAST SIDE 238 W Broadway LR 238westbroadway.ca Call 2nd & Commercial LR 604.800.8862 From $269,900 Block One HR 604.682.8801 Call Bohème LR 604.569.3388 From $227,900 Central HR 604.687.4353 Call Charm LR 604.330.8838 From $266,900 Collection 45 LR 604.569.1555 Call Evan MR 604.872.0331 From $269,900 Kensington Gardens MR 604.620.7886 Call Local LR 604.688.5527 From $349,900 Main Street LR 604.877.1116 From $339,900 Shine MR 604.261.3936 Coming Soon Shoreline LR 604.434.2205 Coming Soon Skyway HR 604.436.1100 Call View338 LR 604.303.8838 From $219,900 Wall Centre 900 Hastings MR 604.683.0900 From $249,900 Wall Centre Central Park HR 604.874.9232 From $299,900

LR HR MR

604.568.7551 604.899.8858 604.620.8600 Penthouse (PH)

Brio Tsawwassen Springs

City Home (CH)

LR 604.943.8811 Call SF/LR 604.948.HOME Call

WEST VANCOUVER

Evelyn Galleries on the Bay

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 Newport at West Beach River’s Edge Royce Saltaire Sausalito Winter Street

Call Call From $528,800

Live Work (LW)

604.738.0001 Call 604.646.1111 From $499,900 604.685.5778 Call 604.568.5060 Call 604.877.1722 Call 604.687.8800 From Low $400s 604.687.2298 Call 604.559.9848 Call 604.737.0360 From $379,900 604.872.2672 From $458,900 604.638.9998 Call 604.876.8819 From $394,900 604.876.7332 Call 604.739.2080 From $429,900 604.874.8368 From $369,900 778.986.7860 Call 604.221.8878 From High $300s 604.731.5528 Coming Soon 604.221.8878 Call 604.267.8882 Call sixthandwillow.com Coming Soon 604.707.9378 Call 604.733.2010 From $390,500 604.558.3399 From $300,000’s 604.827.3488 From $452,400

TSAWWASSEN

WEST SIDE

5555 Dunbar 6 & Fir 99 West

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

High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

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

604.531.6659 From $288,900 604.531.9030 From $319,900 604.535.9655 From $229,900 604.536.1663 Call 604.535.1451 From $259,000 778.545.8737 Call 604.541.8092 From $259,900 604.536.0256 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

98 METRO VANCOUVER NEW CONDO GUIDE MAR 7 - 21, 2014

096-097-099-CG Listings Pages 2013.indd 98

2/28/2014 4:13 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.

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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.

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8 way s i t ’ s

a m a z i ng.

tHE BEst VaLUE iN mEtrO VaNcOUVEr:

1 5

AN IMPECCABLy DESIGNED COMMUNITy

365-DAy, 24-HOUR A-DAy SERvICE AND SECURITy

2 6

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3 7

350+ SHOPS, SERvICES, AND RESTAURANTS vIEWS THAT START WHERE OTHERS’ LEAvE OFF

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ONE-ACRE EvENT PLAZA AND yEAR-ROUND ENTERTAINMENT a sOUND iNVEstmENt witH LONG-tErm apprEciatiON

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wiLLiNGDON aVE.

iNtrODUciNG BrENtwOOD ONE AT LOUGHEED & WILLINGDON, THE FIRST COLLECTION OF HIGHRISE HOMES AT THE AMAZING BRENTWOOD, WITH RESIDENTIAL OWNERSHIP STARTING ON THE 33RD FLOOR.

LOUG HEED 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.

100-Brentwood 03-07-14.indd 1

2/28/2014 4:25 PM