Issuu on Google+

May 31 - Jun 14, 2013 Volume 03 Issue 11

OCEAN VIEWS

Last chance to personalize your home FROM $332,300 UP TO $1.8MILLION

www.fifthave.ca

INSIDE THIS ISSUE

www.forgeproperties.ca

RESET YOUR THOUGHTS ON THE MARKET

SOLVING THE REAL ESTATE PUZZLE

PACKING UP FOR A MOVE


105 AVE

156 ST

154 ST

152 ST

104 AVE

100 AVE

MAY 31 - JUN 14, 2013 METRO VANCOUVER NEW CONDO GUIDE 3


4 metro vancouver new Condo Guide may 31 - jun 14, 2013


N*

B as uy lit wi DO tle a th W s

5%

STARTING AT $208,800* NOW SELLING

42 Condos

Studio 1 Bedroom 1 Bedroom + Den 2 Bedroom 2 Bedroom + Den Show Suite: 404-552 Clarke Rd, Coquitlam

VARGHA AKHTARKHAVARI RE/MAX All Points Realty

www.comoliving.com

Show Suite: 604-936-0336

Mobile: 604-939-0018

MOVE IN SUMMER 2014 Features Included:

• Parking Stall • Locker • Stainless Steel Appliances • Laminate & Tile Floors • Window Coverings

Open Daily 12-5pm, Except Fridays & Holidays

$10,000 OFF! 1 year FREE Strata Fees *Limited Time Offer

First 5 Buyers get a FREE iPad*

*See Sales Representatives for details


188 Keefer Ad New Condo Guide 130503.pdf

1

2013.04.29

11:48 AM

PRICE AND AVAILABILITY SUBJECT TO CHANGE WITHOUT NOTICE. THIS IS NOT AN OFFERING FOR SALE. ANY SUCH OFFERING MAY ONLY BE MADE BY WAY OF DISCLOSURE STATEMENT. E.&O.E.

6 metro vancouver new Condo Guide may 31 - jun 14, 2013


tABLE OF CONtENtS

May 31 – June 14, 2013 VOlUMe 3 iSSUe 11

18

ROYCE

The advantage of coastal living 24

colUMnS, neWS & feATUreS 012 ediTOr’S nOTe COLUMNS

066 cOndO SenSe Real estate crossword by cameRon mcneILL

IN tHE NEWS

024 lOcATiOn, lOcATiOn, lOcATiOn BMO report shows safety, quiet street and good neighbours are top priorities for homebuyers

050 BMO BlUe BOOK Bc: British Columbia growth to outpace Canada’s by 2014 as U.S. demand picks up

070 finAnceS Boomers risk straining finances to support boomerang kids: TD poll

FEAtURES

076 MAKe YOUr MOVe Packing up for the move

038 Udi PrOJecT bob Rennie at uDI Reset your thoughts on Vancouver’s real estate market by susan m boyce

062 indUSTrY inSider Practical Green: Q&A with Norm Couttie by susan m boyce

008_010 Van TofC MAY 31.indd 8

by Dan HoPKIns

HOMEBUYERS’ HELP

088 cOndO WATch Condominium homes to keep your eye on

MAPS

016 South Surrey/ White Rock 026 Surrey/Langley 042 North Shore Tri-Cities Burnaby Richmond Pitt Meadows/ Maple Ridge 078 Vancouver 052 058 068 072

089 hOMeBUYerS’ reSOUrce SecTiOn 092 liSTinG direcTOrY

5/28/13 3:38:30 PM


built-in entertainment niche included outdoor space

spacious and furnishable living and dining areas

the famous cresseyKitchentM

plenty of space for your storage needs

extra wide and inviting entrance

sales centre

enter on continental

may 31 - jun 14, 2013 metro vancouver new Condo Guide 9


Vice-President, Wall2Wall Media

Jacqueline Hill Editor-In-Chief, National Real Estate

Susan Legge Director of Sales, Western Canada

condo profileS

Josh Heppner Art Director

Sarah Jang

44 54

Editor

Elisa Krovblit Lydia McNutt (on leave) Contributing Editors

Sara Duck Wayne Karl

44

Design Editor

Yanic Simard

Orizon on Third

Perfectly located

by susan m boyce

Account Executives

Dave Bird 604.319.7102 Brenda Everitt 604.319.7103

54

Sales Coordinator

Justin Salvador Ranee Pal (on leave)

Orchid

The world at your doorstep

by susan m boyce

Production Manager

Bala Gnanapandithan

86

Production Co-ordinator

Laura Northmore

Keefer Block

Graphic Designer

Dynamic new Chinatown

Caroline Wassef

by susan m boyce

National Account Manager, Mediative

Paul Slizys Published By

86

Wall2Wall Media is a Trademark of Yellow Pages Group Co. in Canada.

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

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

Advertising

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

008_010 Van TofC MAY 31.indd 10

5/28/13 3:38:49 PM


now selling

Design is not for exPlaining. it’s for living.

MAIN ST

meccanicabycressey.com

EAST 1ST AVE

Pricing subject to change without notice. e.&o.e. QUEBEC ST

604.876.8819

EAST 1ST AVE

MAIN ST

Showroom and 2 Designer Showsuites 104 East 1st Ave, Vancouver Open Daily 12 – 5 PM (Closed Friday).

QUEBEC ST

Integrated European appliances, efficient floorplans and Cressey’s focus on every design detail make Meccanica a true standout home. Come experience the difference for yourself. Homes starting from $329,900.


EDITOR’S NOTE

BUYERS’ OPPORTUNITY

Low interest rates put you in control

SUSAN LEGGE

EDITOR-IN-CHIEF

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

The Bank of Canada’s recent announcement to hold interest rates is good news for home shoppers. There are many excellent mortgage products available from banks and brokers that will suit your individual needs, and some are even lower than posted bank rates. With a pre-approval in hand, you’re protected if rates rise, and if they go down, you’ll likely get an even lower rate. A pre-approval can be a win-win situation for shoppers since it means you don’t have to wait to get financing approval on a home when you put in an offer. This is an especially

good tool to have in hot markets. Removing the “conditional on financing” clause could mean your offer is accepted first, since you already have your financing in place. So, when will rates rise? Recently, we’ve been hearing that rates may not see an increase until next year at least. The Bank will make its next scheduled rate announcement on May 29 – but don’t wait until then to get pre-approved for a mortgage. It can take a few days. Many lenders now offer online pre-approvals to make the process easier.

Are you buying

THE MODEL SUITE?

ELISA KROVBLIT

EDITOR

Wall2Wall Media Elisa.Krovblit@wall2wallmedia.com Follow me on Twitter at Twitter.com/ElisaKrovblit

Trying to visualize floor plans and sorting through feature sheets can be a little bit mentally taxing. Not only is it difficult for most people to visualize a blueprint as an actual three-dimensional space, trying to imagine what that space will look like finished and decorated is even harder. Savvy condo developers have attempted to make it easier on potential purchasers by offering room vignettes and model suites. These are often designer-decorated with luxurious furniture and many upgrades. It’s hard not to fall in love with the models. Done to their best advantage, they’re meant to show you the full potential of the space. But when you’re shopping, try not to have an emotional reaction when you see one that appeals

directly to your sense of style and taste. You’re not buying the actual space, just the footprint. Keep an objective eye. Often vignettes have no fourth wall, or the ceiling isn’t to actual height – these elements can make the space feel much larger and brighter than it would be in the actual condo. Figure out which features are upgrades and which are standard – the addition of upgrades will affect the price and may make the difference when you’re choosing between different communities. Model suites are great for gleaning decorating ideas and getting a sense of the space and finishes, but base your final decision on the community and the floorplan that works best for you.

12 METRO VANCOUVER NEW CONDO GUIDE MAY 31 - JUN 14, 2013

012 MAY 31_editors note.indd 12

5/28/13 3:38:54 PM


LIVE IN PERFECT BALANCE

MAY 31 - JUN 14, 2013 METRO VANCOUVER NEW CONDO GUIDE 13


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10

176TH ST

184TH ST

176TH ST

184TH ST

168TH ST

152ND ST

y King George Hw

SOUTH SURREY | WHITE ROCK

40TH AVE SERPENTINE FEN NATURE RESERVE

CR

CRESCENT BEACH / BLACKIE SPIT

E

E SC

NT

99a

RD

5

99

32ND AVE 7

SUNNYSIDE ACRES URBAN FOREST PARK

CRESCENT PARK

24TH AVE

1

Ki

24TH AVE

164TH ST

26TH AVE

24TH AVE

ng 8

INE

DR

168TH ST

16TH AVE 160TH ST

148TH ST

152ND ST

140TH ST

128TH ST

3

6

MA R

y

2

4

Hw

16TH AVE

ge

16TH AVE

or

20TH AVE

Ge

SOUTH SURREY ATHLETIC PARK

15 10TH AVE 8TH AVE

8TH AVE

SOUTH SURREY / WHITE ROCK 1.

MORGAN CROSSING

24th Ave & Hwy 99 604.582.1336

2.

ROYCE

Thrift & Everall 604.538.8028

3. 4.

GEMINI

5.

EDGEWATER

7.

HEADWATERS

ADAGIO

6.

WINTER STREET BY LISTRAOR HOMES

8.

AVRA LIVING

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

16 METRO VANCOUVER NEW CONDO GUIDE MAY 31 - JUN 14, 2013

152nd & 36 Ave. 604.818.5603

1333 Winter St. 604.364.7455

15428 - 31st Ave. 604.535.1451 1455 George St. 604.531.9030


south surrey/white rock

ROOM WITH A VIEW.

COnsTRuCTIOn HAs bEgun. FInAl OppORTunITy TO pERsOnAlIzE yOuR HOME. Live large on the most spacious decks and balconies available in White Rock!

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

View Penthouses from $1.2 million N. BLUFF/16TH AVE.

152ND ST.

ROyCElIVIng.COM

$332,900

STARTING FROM

EVERALL

Response from the community of White Rock has been amazing, and these homes are selling fast! Our stunning designer display suite is now open and ready to take your breath away.

Contemporary design without compromise

OXFORD

What’s the point of a stunning view if you don’t have room to enjoy it? The exclusive 1, 2 and 3 bedroom residences at Royce offer stunning panoramic ocean views and expansive decks and terraces to enjoy them from.

THRIFT

PRESENTATION GALLERY AT THRIFT & EVERALL OPEN NOON - 5PM DAILY (EXCEPT FRIDAYS) Call 604.538.8028

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

may 31 - jun 14, 2013 metro vancouver new Condo Guide 17


cover story

Royce The Advanatage of Coastal Living // by Susan M Boyce

It’s been described as unique, exclusive, and elegant.

It boasts a level of luxury design to inspire and delight. Best of all, Royce is now officially underway. And if you haven’t discovered this collection of White Rock condominium homes, you’re missing out on something amazing. “Mayor Wayne Baldwin was here for our ground

breaking celebration on April 27th,” says Sales Representative Adriana Cikojevic. “It was a fantastic event and so well received by our local community. One woman told me she’s thrilled these low-rise, single-level apartment residences are being bought by people who will actually live in them. It’s going to create a feeling that’s so different from the empty towers owned by investors — no wonder it’s becoming White Rock’s most popular community.” Popular, and truly a local success story. “Everyone on the Royce team — from developer and architect to interior designer and sales staff — calls either White Rock or South Surrey home,” Adriana explains. “Forge Properties actually has their head office right here in White Rock.” A committed supporter of future generations in their “home town,” Forge also chose the ground-breaking celebration to announce a $20,000 donation to the Infant Development Program of BC, a health resource for babies who are at risk for delayed development.

18 metro vancouver new Condo Guide may 31 - jun 14, 2013

018-019 Cover Story Royce EK.indd 18

5/28/13 3:39:01 PM


Uniquely You

The Royce display home is undisputedly dazzling by design. From the ocean views to the Swedish oak hardwood flooring to the fluid sense of connectivity throughout, this residence is a showcase of refinement and good taste. It’s also filled with ideas for customizing and personalizing the entire living space. But, Adriana notes, this opportunity won’t last long. “Once we begin construction, it will be harder to add details like built-ins and exclusive finishings. So you’ll have to act quickly.” Not surprisingly, Adriana says the kitchen has been a huge hit with buyers. Open and oh-so-sophisticated with full-height, marble backsplash, I can’t help thinking it’s the perfect interaction between a passion for cooking and a love of entertaining. Classic white cabinetry is full height — a feature Adriana points out not only means loads of storage, but less dusting as well. We immediately agree the six-burner, industrial-chic stove could handle the most demanding family dinners and that the piano-shaped centre island with eating bar adds an element of visual drama… as well as even more storage. “In this home, we’ve also built in an optional, builtin butler’s pantry with wine fridge so people can see a contemporary alternative to the conventional china hutch niche,” Adriana says. “It gives a very fresh, clean look, and you’d be amazed how ecstatic people get at the thought of finally being able to get rid of their old furniture.” Savour Outdoor Living

“And take a look at this deck,” Adriana says throwing open the door. Okay, this is one big outdoor space —two sofas, coffee table, mega barbeque, six potted plants, and it still feels spacious. “People here really value their outdoor space, so everyone gets a large, private deck to enjoy.” Bonus. Even Royce’s architecture is a direct response to this love of natural beauty. The building wraps itself round a central, terraced courtyard forming a horseshoe that directs all views toward the Pacific Ocean. Horizontal cedar, vertical corrugated metal, and crystal clear glass create the impression of a modernist sculpture that’s somehow morphing organically from the ground. Royce offers a total of 87 exquisite condominiums residences. Presentation gallery and display home now open noon to 5 p.m. daily except Fridays at 14855 Thrift Ave. in White Rock. Prices start at $332,300. For more information visit royceliving.com or call 604.538.8028. 19

018-019 Cover Story Royce EK.indd 19

5/28/13 3:39:03 PM


SOUTH SURREY/WHITE ROCK

NEW PRICING at award-winning Morgan Crossing

MOVE IN NOW | TWO BEDROOM CONDOMINIUMS FROM $269,900 incl. GST*

YOUR OWN PRIVATE ROOFTOP OASIS & VILLAGE LIFE AT YOUR DOORSTEP! Condo living doesn’t have to mean giving up the great outdoors. The Summit House at Morgan Crossing extends your living space outside with the private rooftop plaza; spanning over an acre, it’s designed to bring people together. Garden enthusiasts will love growing organic veggies & herbs in the community garden, where going green is easy. Endless party options abound with the fully furnished BBQ deck and fire pit, the perfect spot for hosting friends. Or soak up the rays and practice sun salutations on the sunning lounge, surrounded by tranquil lush landscape and panoramic mountain views. Enjoy outdoor living in your backyard, and a dynamic community at your doorstep. The Summit House is tucked away in the most private corner of the walkable Morgan Crossing village, the neighbourhood hotspot where locals get together. Discover the distinct ease of village life with over 60 shops, services, entertainment, & fitness amenities just steps away.

NEW PRICING 2 bedroom 828 sqft from $269,900 incl GST* | 2 bedroom 856 sqft from $298,900 incl GST*

#314 – 15850 26th Avenue, South Surrey | MORGANCROSSING.CA | 604.582.1336 *Pricing deadline June 30th, 2013. Prices include net GST, subject to availability. Prices & specifications subject to change without notice. This is not an offering for sale, such an offering can only be made by way of a disclosure statement. E.&O.E.

20 METRO VANCOUVER NEW CONDO GUIDE MAY 31 - JUN 14, 2013

Sales + Marketing

DEVELOPED BY


south surrey/white rock

SPRING BLOWOUT

Big two bedroom, two bathroom for

creekside

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SALES CENTRE Mon - Thu, 2-5PM, Sat - Sun, 12-4PM #115 - 15428 31st Avenue, Surrey

945 sq. ft. of luxury Sales & Marketing by

Developed by

new homes

604.535.1451 | headwatersclub.ca

This is not an offering for sale. Any such offering can only be made by way of a disclosure statement. Dimensions and sizes are approximate. See staff for more details. Prices exclude tax. E. & O. E.

may 31 - jun 14, 2013 metro vancouver new Condo Guide 21


SOUTH SURREY/WHITE ROCK

TA K E T I M E F O R W H AT ’ S I M P O RTA N T I N L I F E

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UP TO 3 -BRM & 3 -BAT H 717 –1,30 7 sqft

604.531.6659 A d a g i o B y B o f f o.c a VISIT US TODAY PRESENTATION CENTRE & DISPLAY SUITE 1975 15 4TH STREET (@ 20TH AVENUE) SOUTH SURREY (SEMIAHMOO) OPEN DAILY 12 – 5PM (EXCEPT FRIDAYS)

IAN WATTS 604.531.4000

22 METRO VANCOUVER NEW CONDO GUIDE MAY 31 - JUN 14, 2013

THIS IS NOT AN OFFERING FOR SALE. SUCH AN OFFERING CAN ONLY BE MADE BY A DISCLOSURE STATEMENT. E&OE.


south surrey/white rock

may 31 - jun 14, 2013 metro vancouver new Condo Guide 23


IN THE NEWS

LOCATION, LOCATION, LOCATION

BMO report shows safety, quiet street and good neighbours are top priorities for homebuyers

WHILE THERE ARE A NUMBER OF FACTORS TO CONSIDER

when deciding on the right location to buy a home, Canadians view the safety of a neighbourhood to be the most important (63 per cent) feature of a home’s location, according to a new BMO Bank of Montreal survey. The survey, conducted by Pollara, also found that living on a quiet street (43 per cent), having good neighbours (30 per cent), having a short commute to work (28 per cent) and being near family and friends (25 per cent) rank high on Canadians’ list of location priorities when buying a home. “Everyone has a unique set of personal and financial priorities, so it’s important that those particular needs are considered when deciding on the right location to purchase a home,” says Laura Parsons, mortgage expert, BMO Bank of Montreal. “Taking a practical approach to home buying is the key to preventing yourself from getting ‘swept away’ by the bells and whistles of a home. Buyers should make a list of needs versus wants and prioritize them in order of highest to lowest importance.”

The poll also revealed that significant differences become apparent when comparing the national averages to firsttime homebuyers. For instance: • Having a short commute to work is more important to first-time buyers than the average buyer (34 per cent versus 28 per cent) • Living near public transit (28 per cent versus 19 per cent) is also higher on the priority list for first-timers than repeat buyers However, living on a quiet street (30 per cent versus 43 per cent) and having good neighbours (21 per cent versus 30 per cent) are far less important to first-timers Parsons encourages buyers and sellers to be aware of any changing conditions on the local level. “If planning to buy or sell a property, consider working with an expert

24 METRO VANCOUVER NEW CONDO GUIDE MAY 31 - JUN 14, 2013

024-025 News BMO report.indd 24

5/28/13 3:39:10 PM


Location priorities

National

First-time buyer

Safe neighbourhood

63%

Quiet street

REGION ALT

QC

ON

62%

71%

55%

63%

43%

30%

41%

54%

Good neighbours

30%

21%

38%

Short commute to work

28%

34%

Near friends and family

25%

Near stores and restaurants Near public transit

MB/SK

AB

BC

Mon

Tor

Cal

Van

73%

67%

63%

59%

60%

64%

62%

39%

37%

41%

42%

48%

28%

37%

37%

25%

31%

32%

30%

28%

21%

25%

23%

23%

23%

30%

26%

38%

30%

28%

28%

28%

35%

33%

20%

26%

28%

24%

28%

22%

23%

27%

25%

22%

22%

23%

28%

28%

20%

23%

24%

23%

26%

22%

24%

26%

32%

19%

28%

9%

20%

21%

11%

15%

21%

28%

31%

20%

29%

who can help you make decisions that are appropriate to the health of your local market, and more importantly, that fit within your particular personal and financial priorities. “Getting pre-approved financing, choosing a fixed rate and stress-testing mortgage payments in advance of buying a home can provide peace of mind and help home buyers become mortgage-free sooner,” adds Parsons. “Realtors are always available to help buyers find the property that’s right for them,” says Laura Leyser, president of The Canadian Real Estate Association.

“And to provide consumers with information to help them through this difficult and emotional process, our Homebuyers’ Road Map, developed in collaboration with the Financial Consumer Agency of Canada, is available online at crea.ca/resources

“Getting pre-approved financing, choosing a fixed rate and stresstesting mortgage payments in advance of buying a home can provide peace of mind and help home buyers become mortgagefree sooner,” adds Parsons. MAY 31 - JUN 14, 2013 METRO VANCOUVER NEW CONDO GUIDE 25

024-025 News BMO report.indd 25

5/28/13 3:39:10 PM


Surrey | Langley 116TH AVE

12 0T H

OR

RD

112ND AVE

108TH AVE

A6

A9

104TH AVE

104TH AVE

se r

TYNEHEAD REGIONAL PARK

er

Hw

y

GOLDEN EARS BRIDGE

96TH AVE

A4 A1

88TH AVE

88TH AVE

BEAR CREEK PARK

208TH ST

10

R

RD

B3

A3

LO VE

A7 64TH AVE

G

A12

60TH AVE

61A

LANGLEY BYPASS

58TH AVE

56TH AVE

56TH AVE

er H

10

GR

AD

ER

A1. Ascend

A6. wave

A11. 3 civic plaza

B1. red maple park

A2. Luxor

A7. waterstone

A12. latitude

B2. Cornerstone

A8. park ave

A13. ultra

B3. elements

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

A3. Salix

6477 - 196th Street 604.530.0054

10375 133rd St. 99 604.951.9283 64th & 19th 604.530.5399

100 Ave. & Whalley Blvd. 604.233.7748

A4. Manarola

A9. G3 Residences

A5. verve

A10. teo

8695 160th Street 604.825.1038

13913 Fraser Hwy. 604.588.3783

104th Ave. & 154th St. 604.453.6688 13864 Hyland Rd. 604.288.8981

104 Ave & 134 St 604.572.0064 14358 60th Ave. 604.596.5075 10345 133A St. 604.588.6999

7938 209th Street 604.888.8699 5655 210A Street 604.534.6000 20211 66th Ave. 604.533.7718

B4. varsity

200th Street & Fraser Highway 604.539.2200

B5. athenry gate 8312 Street 604.882.8857

B6. kensington

20678 willoughby Town Centre Drive 604.427.3311

26 metro vancouver new Condo Guide may 31 - jun 14, 2013

wy

D

Langley

SERPENTINE FEN NATURE RESERVE

B2 Fra s

B4

Surrey

B1

72ND AVE

64TH AVE

WATERSHED PARK

200TH ST

192ND ST

184TH ST

176TH ST

99a A10

A2

B6

80TH AVE 168TH ST

160TH ST

152ND ST

144TH ST

128TH ST

120TH ST

112TH ST

72ND AVE

AV E

B5

1a

King George Blvd

80TH AVE

96 TH

48TH AVE

40TH AVE

240TH ST

Fr as

RD

GREEN TIMBERS URBAN FOREST PARK

96TH AVE

GL OV ER

A5 A8

232RD ST

S

A13

216TH ST

Fr a

A11

216TH ST

W ay

ST

GR

N VE OS


w w w.par k avenueliving.c a

|

604.583.9866

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

OPEN DAILY 11AM TO 6PM

KING GEORGE SKYTRAIN STATION

PRESENTATION CENTRE LOCATED NEXT TO

250 Homes under $ 250,0 0 0

in the city. Luxury lives here.

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展 銷 中 心 現 已 開 放


surrey/langley

nO dOwn payMent? We can help you get there. Let us help you save your down payment with our flexible deposit program. interested? Call or visit us today to learn how. building 1 is Over 70% SOLd! More of our hottest plans just released from building 2. don’t miss out on your favourite plan this time around.

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take a videO tOur at porte.ca/verve verve SaLeS Centre + SHOwHOMeS: 10119 whalley blvd, surrey. open daily 12–5pm (closed fri)

604.588.3783 pricing & promotion subject to change without notice. sales by disclosure statement only, e&oe.

28 metro vancouver new Condo Guide may 31 - jun 14, 2013


Surrey/langley

Brand nEW 3 beDROOm ShOwhOme NOw OPeN!

OwN A

3 beDROOm FROm $999/mONth* mOVe iN Next mONth & take advantage of 1% financing

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ViEW our Floor plans & pHoto gallEry at: portE.ca/latitudE *Restrictions apply. Visit our presentation centre for details.

may 31 - jun 14, 2013 metro vancouver new Condo Guide 29


IN THE MARKET FOR A

NEW HOUSE

OR A CONDO?

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

Search your favorite neighbourhood

Find out about nearby services and amenities

View new construction projects and register to get the latest info

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


Surrey/langley

HOTEL

|

RESIDENCES

|

SOCIAL HUB

Public sales start late May Reserve your home today PRESENTATION CENTRE NOW OPEN 10277 KING GEORGE BOULEVARD

604.951.3331

3CivicPlaza.ca

Marketing and Sales by Colliers International Residential Marketing. This is not an offering for sale. An offering for sale can only be made with a disclosure statement. E.&O.E.

may 31 - jun 14, 2013 metro vancouver new Condo Guide 31


SURREY/LANGLEY Waterstone Hosts first Ever On-Air

DOWNSIZER’S SEMINAR JUNE 8TH, 2013 fROm 10Am TO 11Am Please RSVP to info@waterstoneliving.ca Space is limited. Refreshments provided.

Join us at Waterstone for a live broadcast of RADIO REAL ESTATE SHOW, an interactive discussion about home buying and selling advice for downsizers with host, Tom Lucas and Scott Brown of Colliers International.

THE NEXT BIG THING

NEW INTERIORS · fINER fINISHES · LARGER LIVING

fEATURING Am650 HOST

TOM LUCAS

FLOORPLANS FIT FOR REAL LIFE.

PLANS UP TO

1,495 SQ.fT.

STARTING fROm $179,900

Introducing our newest and largest homes ever. Own the preferred low-rise address in Surrey/Langley. Call us today and visit our Presentation Centre to see and learn more.

ACT NOW TO RECEIVE: • 2 years free Maintenance Fees • 6 years free Extreme High Speed Internet and Digital TV

PRESENTATION CENTRE 64th Avenue & 194 Street, Surrey 12 - 5pm (Closed Fridays)

Call 604.530.5399 WATERSTONELIVING .CA

* Prices exclusive of applicable taxes and subject to change without notice. Incentives may be withdrawn without notice. E.&O.E. Ask staff for details.

32 METRO VANCOUVER NEW CONDO GUIDE MAY 31 - JUN 14, 2013


$10,000 discount offer extended (and not just for 1st time buyers)

ay in tod e v o m m

fro Own /mth* $

575 f les staf *see sa

tails otion de for prom

Luxury is Standard at Luxor

OWN TODAY Priced from $224,900 Special Financing Packages Available

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

REGISTER NOW!

luxor-living.com 604-590-8003

FOLLOW US ON FACEBOOK @ Luxor Homes

Luxury home collection group

FOLLOW US ON TWITTER @ twitter.com/luxorliving

Solon Bucholtz

Marketing and Sales by:

To Vancouver

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

Scott Rd.

furnished show suite: 12039 - 64th Ave., Unit 104, Surrey Corner of Scott Rd & 64th Ave

58th Ave.

Hwy. 99 R E A L E S TAT E M A R K E T I N G

64th Ave.

To US Border

Wolstencroft Realty

*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.


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

Pr

eco $ ns 10 tru , ct 00 io n 0 Di sc ou nt *

surrey/langley

ONE BEDROOM STARTING FROM

$179, 900

(INCLUDE NET GST)

Kiss your odbye! o G d r o l d n La

low as s a r o f n w O $ 71/mo.* 5

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.

For more information:

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

DEVELOPED BY:

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 buildings or landscaping. Floorplans may vary. Ask a salesperson for details.

*See Sales Staff for promotion details.

34 metro vancouver new Condo Guide may 31 - jun 14, 2013

FRAS ER

162 ST

604.825.1038

160 ST

88 AVE


Surrey/langley

LANGLEY’S BEST VALUE - CENTRAL LOCATION - SUPERIOR HOMES Varsity Features GRANITE WINDOW SILLS CLOSET ORGANIZERS STAINLESS STEEL GAS RANGE

1 bedrooms from

134900

$

2 bedrooms from

230900

$

GAS BARBECUE HOOK UP SOFT CLOSE CABINETS

Presentation Centre 20060 Fraser Highway Langley Open 12-5pm daily (closed Fridays) and by appointment

STAINLESS STEEL FRENCH DOOR FRIDGE

604.539.2200

GRANITE COUNTERS

AND MUCH MORE!

LIVEatVARSIT Y.COM * Developer reserves the right to change the information herein. Renderings and images are approximate only. E. & O.E.

may 31 - jun 14, 2013 metro vancouver new Condo Guide 35


SE LL IN G ! N O W

CONDOS

137,500

$

STARTING FROM

ONE’S

TWO’S

FROM

165,900

$

FROM

BEST VALUE

IN TOW

N!

239,900

$

NEW PLANS AND NEW FINISHING!

THE QUALITY DIFFERENCE: UN-BEATABLE SOUNDPROOFING! • • • • •

EXTRA LOW STRATA FEES

One foot separation between floors Batt (sound) insulation Air space to reduce sound Two walls between homes Concrete sub-floors

VISIT OUR BOUTIQUE PRESENTATION CENTRE 8312 208 STREET, LANGLEY Open Mon-Thurs 2PM - 7PM | Sat-Sun 12PM - 5PM 604.882.8857 | info@athenrygate.com | www.athenrygate.com

FOR

4 YEARS!

Marketed by Solon Bucholtz 778-995-7467


SURREY/LANGLEY

10,000*

$ 33 HOMES 200,000 UNDER

$

BUYER BONUS UNTIL JUNE 30TH

THE ONLY LANGLEY CONDO COMMUNITY THAT HAS IT ALL! • • • •

Affordable, Spacious Condos High-End Finishes Contemporary Lobbies Backs on to Natural Park and Trails

• • • •

8,000 sq.ft. Trilogy Club - Not just an Amenity Room Inviting Courtyards Natural Water Features Every Urban Amenity at Your Doorstep!

Be a part of Langley’s Best Master Planned Community! Homes are available to move-in this Fall, Spring 2014. Only 2 remain to move-in today! Come see why Elements is improving the standards of perfection.

elementsinlangley.com VISIT OUR PRESENTATION CENTRE TODAY OPEN DAILY NOON - 5PM (CLOSED FRIDAYS)

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

*Prices and incentives are subject to change and may be withdrawn without prior notice. Prices quoted exclude net HST or GST, whichever is applicable. $10,000 bonus offered by Sandhill Developments is on new deals in select phase only until June 30/13. E.&O.E. Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca

MAY 31 - JUN 14, 2013 METRO VANCOUVER NEW CONDO GUIDE 37


udi project

1

2

Bob Rennie at UDI Reset your thoughts on Vancouver’s real estate market // by susan m boyce

3

Often outspoken and long known as a man who loves to tackle the tough questions with a unique, dry wit built solidly on a foundation of hard facts, Bob Rennie once again packed the house at Vancouver’s Hyatt Regency for his annual address to the Urban Development Institute (UDI). This year’s speech was titled simply “Reset.” But the content was, as anticipated, both complex and meticulously researched as Rennie laid out some of the reasons he believes it’s time to reset the way we view the Greater Vancouver real estate market.

By the Numbers

“We are not the

most expensive  city in the world.”  Bob Rennie

A self-confessed statistics junkie, Rennie’s speech was peppered with dozens of them. Greater Vancouver is the third largest region in Canada after Toronto and Montreal, but Vancouver proper is only the eighth largest Canadian city — even Winnipeg is bigger. While only 4.9 per cent of BC’s population earn more

than $100,000 annually and a mere 0.6 per cent earn over $250,000, a 65 per cent majority earn under $50,000 per year — and these people are still purchasing homes especially in Vancouver’s burgeoning condominium market. “We are not the most expensive city in the world,” Rennie stated emphatically. “The real speculation in the housing market comes not from investors and homebuyers, but from economists and media continually trying to predict where, when, and how far our market will fall. A lot of people, myself included, are made to feel very uncomfortable when we say anything good about today’s market.” And Rennie had no hesitation sharing specifics to support his belief that Vancouver’s housing market is not only unique but, in fact, vibrant and far from being on the verge of collapse. “Last year, there were 16,500 condo sales in Greater Vancouver. Units averaged $415,000 — which would require an annual household income of $61,000 based on a 25 per cent down payment.” These figures, he said, are misleading because they are unfairly skewed by the top 20 per cent that rake in a whopping average price of $862,000 per

38 metro vancouver new Condo Guide may 31 - jun 14, 2013

038-039 bob Rennie at UDI.indd 38

5/28/13 3:39:26 PM


unit. Remove these sales from the equation, and the average cost for a condominium home drops to $303,000 which requires only a $46,000 annual income — a number manageable by many of the 65 per cent majority. The Lowdown on Mortgages

With persistent rumours that interest rates are about to rise, Rennie also delved deeper into the question on many consumers’ minds — what happens when it’s time to renew their mortgage? Noting that Statistics Canada says income levels are increasing by 2.2 per cent per year while the labour force suggests a 2.4 per cent annual increase, he used the more conservative number to look at a household’s actual tolerance for a rise in interest rates. The reset results are positive news for many. Based on intensive, collaborative research with David Baxter of Urban Futures, Rennie said a household renewing their five-year, fixed interest mortgage would feel no impact in their debt to service ratio unless rates went up more than 2.5 per cent. If the original term was three years, interest could rise by up to 1.5 per cent with no impact. The reasons are three-fold. There’s the obvious reduction in amortization period and total amount meaning more dollars out of each payment are applied directly toward paying down the principle. But Rennie also believes there’s a third factor at work: a factor he call the culture of a household. “When you know you might have a mortgage increase, you start making small changes ahead of time. You tend to eat at home more, you might quit smoking, dry clean less — but knowing that in three to five years your household is still going to be okay is important.”

Wall Centre Central Park boast affordable condominiums and excellent proximity to  urban amenities.

1

3 Bob Rennie, Rennie Marketing Systems 2 T+H is  redefining New Westminster’s historic  downtown.

The Rennie Marketing Systems’ office sign says it all.

4

Kerrisdale’s newest prestige address:  Shannon Wall Centre.

5

is sold out, while at MC2 across the street, 400 of the 443 units are now sold. And although the fourth project, Bluetree Homes at Marine and Cambie, likely won’t come to market until next year, he noted it’s another example of the orderly release of inventory that helps Vancouver to continue to defy the doomsayers who have unsuccessfully been predicting “a bloodbath of foreclosures” for almost half a decade. Everything is Going to Be Alright

In closing, Rennie shared new twist on a proverb found in the Rennie Marketing Systems’ office handbook. “We survive on our similarities, however in the end we will only be known for our differences. The reset version is: we will ‘barely’ survive on our similarities, and we will still only be known for our differences. So don’t be afraid to ask the tough questions, and I still love our industry.”

Downtown and Density

As higher density continues to push outward from the downtown core, Rennie believes the development industry must find innovative, new ways to educate people in neighbourhoods that will feel this change most. He even proposed the name for a blog to do it: simply change the semi-famous acronym BANANA (Build Absolutely Nothing Anywhere Near Anyone) to BANANAS – Build Any Nice Affordable New Address Soon. And building new addresses we are. Last year saw 431 completions in downtown Vancouver, significantly off the 2,900 averaged throughout 2007/08/09. This year should see 729 completions, followed by another dip to 429 completions in 2014. Interesting to note, however, is that of the 680 completions currently scheduled for 2015 and beyond, almost 80 per cent are already presold. Outside the downtown core, Rennie said Vancouver inventory can also be expected to remain tight. Of the 2,000 completions scheduled for 2015 and beyond, approximately 1,890 are split between only four developments. The first phase at Shannon Wall Centre in Kerrisdale is already selling briskly at just over $850/sq. ft. and the project’s heritage homes are breaking $1,300/ sq. ft. Farther south, Marine Gateway at Marine and Cambie

4

5

may 31 - jun 14, 2013 metro vancouver new Condo Guide 39

038-039 bob Rennie at UDI.indd 39

5/28/13 3:39:31 PM


surrey/langley

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 Welcome to Kensington – a beautiful collection of condominium homes that places you at the centre of the vibrant community of Willoughby Town Centre at 208th St/80th Ave. Langley’s first walkable retail and residential community is underway with many shops and services to come, including Your Independent Grocer, 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. DEVELOPED BY

40 metro vancouver new Condo Guide may 31 - jun 14, 2013

208th St.

Willoughby Town Centre

Kensington is not currently an offering for sale. E.&O.E.


Surrey/langley

SPRING INTO

sAVInGs 1 bedrooms from

$491/month* 1+ dens from

$549/month* 2 bedrooms from

$655/month* EvErything you want anD MovE in thiS JuLy! • Nine-foot ceilings • Side-by-side fridge with water & ice

The #1 selling development in Langley. MARCON makes smart living easy. Isn’t it time you made the smart choice? Visit our Sales Centre today.

Sales Centre and three fully-furnished Display Homes Open daily (closed Friday) from 12 to 5 pm. 56th & 210A St, Langley

• Soft-close cabinets • Huge patio or fenced yard • Floating fireplace • Parking & storage locker

604.534.6000 cornerstoneliving.ca

*Regular payments based on 5% down not including applicable taxes for a 5 year fixed 90 day rate hold special mortgage at 2.89% with a 25 year amortization and takes into account insurance premiums for fully income qualified Buyer. Mortgage Subsidy Payment amount is for a 1 year period. Contact Sales Team for further details. Prices and offering subject to change and exclusive of GST & PST. E.&O.E.

may 31 - jun 14, 2013 metro vancouver new Condo Guide 41

OUTLINE GRAPHIC DESIGN • 604.685.7053 Publication: New Condo Guide


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NM

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N o r t h S h o r e | S quamis h | W h is t l e r DEPOT RD

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42 metro vancouver new Condo Guide may 31 - jun 14, 2013

R D E MAI N

ST

A6. seylynn village

13th & Lonsdale 604.969.3333

99

DR

A7

KEITH RD E

A2. remix

A3. the prescott

ROBIN DR

KE

MT SEYMOUR PKY

A5. 15 west

#103 - 735 West 15th St 604.924.4488

R RY

DR

RD

LYNN CANYON PARK

A1. Local on Lonsdale W 17th Street and Lonsdale 604.998.0219

LOGGERS LN

QU E E NS WAY

BRENNAN PA R K

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N

North Shore

CENTENNIAL WAY

MAGEE ST

N LY

EY LL VA

A6

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w

H

KEITH RD W A3 A4

HI

MAMQUAM RD

A5

A1

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KI

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Mountain Hwy

TH B

MATHERS AVE

DEMPSAY RD

LONSDALE AVE

DR

LIGHTHOUSE PARK

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SD AL EA VE

INE

CH IPPE N

CAPILANO RIVER REGIONAL PARK

PERTH DR

MAR

RD

STE VE N S

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CYPRESS FALLS PARK

15TH ST

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21ST ST

DR

CYPRESS

25TH ST

RUN

CYPRESS BOWL RD

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North Shore

 5th just off Lonsdale 1 604.980.9949

w ww.seylynn.ca

A7. northlands

 300 Mt Seymour Parkway 3 604.800.2120

rton

Dolla

Hwy


HOT TUB INCLUDED

*

*CLOTHING OPTIONAL

HOMES PRICED FROM $302,900.* MOVE IN FEBRUARY 2014.

Marine Driv

W 14th Street

Bewicke Ave

Ln

Fell Ave

Mosquito Creek

A collection of sixty apartment homes ranging from one to two bed + den atop a vibrant social hub. Top level homes feature private rooftop decks, and for a limited time, your own hot tub is included too. Relax, or entertain, however you choose – just don’t break any laws.

W 15th Street

e

PRESENTATION CENTRE 103 – 735 W. 15TH STREET, NORTH VANCOUVER 604.924.4488 VISIT ADERA.COM

* LIMITATIONS APPLY. THIS IS NOT AN OFFERING FOR SALE. SALES BY DISCLOSURE STATEMENT ONLY. E&OE. SEVEN30 ADERA PROJECTS LTD. ADERA REALTY CORP. 2200 – 1055 DUNSMUIR ST., VANCOUVER V7X 1K8 | 604.684.8277


condo profile

Orizon on Third Perfectly located // By Susan M Boyce

s

ummer days are almost here and at Orizon on Third, that’s good reason to celebrate. And what better summer symbol than a spectacular outdoor patio? Say hello to Orizon’s special Perfect Patio Package. “For a limited time, we’re giving every homebuyer a $5,000 credit toward patio upgrades that will make their personal outdoor space look amazing,” says Sales Manager Daylon Payne. “All you have to do is add your barbecue and you’re ready for outdoor living and entertaining.” And make no mistake, Orizon on Third boasts some massive outdoor spaces. “One of my favourites is a south-facing two-bedroom and den home with almost 400 sq. ft. of patio,” she says. “You just don’t find that kind of outdoor space in a condo very often. And at just over $500,000, it’s a fantastic value.” Vibrant Diversity

“Lower Lonsdale is such an appealing neighbourhood,” Daylon says. “It’s close to everything — shops, restaurants, transit, and three ski hills. It’s that old adage — location, location, location. Plus being a low-rise, you tend to get a very friendly atmosphere among the people who live here.” Owners, she adds, are turning out to be a diverse group. First time homeowners appreciate the outstanding affordability plus convenience of having transit right outside their front door and the SeaBus just a short walk away. Downsizers like the size and the ability to trade in the equity on their single-family house for the convenience of a lock’n’go, condominium lifestyle. “And you’d be surprised how many are people who’ve lived on the North Shore for some time, and simply don’t want to live anywhere else.”

Interiors with Wow

Inside, Orizon on Third’s contemporary finishings and ultra-efficient floor plans are designed to resonate with a contemporary, active outlook. Quartz counters, gourmet kitchens with generous kitchen islands, luxurious bathrooms, wide plank laminate flooring with radiant heating — it’s all about celebrating life in style and comfort. And here’s yet another bonus — a spectacular, 4,000-sq.-ft. Rooftop Vista Lounge deck where you can admire sweeping views of the Vancouver skyline, North Shore Mountains, and even the Gulf Islands in the distance. No wonder Daylon says “it all adds up to Lower Lonsdale’s best value.” Orizon on Third is now well under construction on the southeast corner of East 3rd St. and St. Georges —104 homes ranging from 600-sq.-ft. one-bedroom suites to 1,200-sq.-ft. three-bedrooms and priced from $304,900. Presentation centre open noon to 5 p.m. daily except Fridays at 21 Lonsdale Ave. in North Vancouver. For more information visit OrizonOnThird.com or call 604.638.6240.

44 metro vancouver new Condo Guide may 31 - jun 14, 2013

044 CP Orizon EK.indd 44

5/28/13 3:39:37 PM


NORTH SHORE/SQUAMISH/WHISTLER

BLISSFULLY PRIVATE PATIO HOMES BRING INDOOR LIVING OUTDOORS

SELECT YOUR HOME AND RECEIVE ORIZON’S ‘PERFECT PATIO’ PACKAGE* Orizon’s enhanced outdoor living is unsurpassed. Whether it’s oversized private patios that blend seamlessly with natural surroundings, or balconies with unbeatable views that extend living rooms outward – there’s plenty of room to entertain or simply relax in your North Shore home. Until June 30th, receive a ‘Perfect Patio’ Package* with the purchase of any new home at Orizon. Visit our sales centre for more details.

1 bedrooms from $304,900 2 bedrooms from $384,900 3 bedrooms from $599,900

SALES CENTRE 21 LONSDALE AVE, NORTH VANCOUVER Open noon-5pm daily except fridays

604.638.6240 ORIZONonTHIRD.com *Limited time offer until June 30th. Terms and conditions apply. ‘Perfect Patio’ Package valued at $5,000. Please see sales team for details. All prices, promotions and incentives are subject to change and can be withdrawn at any time. Pictures, drawings and digital renderings are for illustrative purposes only and should not be relied upon. The developer reserves the right to make modifications to the building design, features and floorplans. E.&O.E.

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

may 31 - jun 14, 2013 metro vancouver new Condo Guide 45


*Prices subject to change without notice. E.&O.E.

1525 Lonsdale Ave, North Vancouver

New Presentation Centre Now Open Open daily 12-5pm (Except Fridays)

Prices starting from $339,900.

t: 604.980.9949

WWW.15west.ca

distinguished new high-rise collection. 15 West continues to offer the unmatched combination of beautiful views and finishing in a quiet and convenient location just West of Lonsdale. Discovery begins today at 15 West.

Rising up above the neighbourhood and offering stunning views in all directions, 15 West is North Vancouver’s most

A NEW BENCHMARK

Stunning views from the city to the North Shore mountains and beyond.

15 VIS 25 IT L O US NS AT DA LE .


6 HOMES JUST SOLD!

NORTH VANCOUVER’S BEST VIEWS (LIMITED EDITION). With completion scheduled for Early 2014, this is the final opportunity to own at the Prescott - North Vancouver’s Signature Address. Come discover why these savvy North Shore buyers have chosen the Prescott for their new home. • Landmark glass & concrete boutique building designed by renowned architect Walter Francl • Perched above the prestigious new head office of the North Shore Credit Union located in Central Lonsdale • An extensive public realm with all of the added services and amenities provided by Central Lonsdale retail high street • Breath-taking views from all levels

2 BEDROOM + DEN VIEW HOMES STARTING AT

$549,900

Open Daily 12-5 (Closed Thursday and Friday) 101-1133 Lonsdale Avenue, North Vancouver

SIGNATURE NORTH SHORE LIVING

THEPRESCOTT.CA | 604.969.3333

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


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 May 31 - Jun 14, 2013 Volume 21 Issue 11

網上 參閱

May 31 - Jun 14, 2013 Volume 03 Issue 11

各式電子工具都可瀏覧

ChineseHomeGuide.com

五月十日至六月七日 / May 10 -Jun 7, 201 2013

OCEAN VIEWS

Last chance to personalize your home FROM $332,300 UP TO $1.8MILLION

www.fifthave.ca

inside this issue

VANCOUVER MARKET ON THE REBOUND: BMO

TIPS FOR BUYING YOUR FIRST HOME

RECREATIONAL PROPERTY A WISE INVESTMENT: SURVEY

INSIDE THIS ISSUE

www.forgeproperties.ca

RESET YOUR THOUGHTS ON THE MARKET

SOLVING THE REAL ESTATE PUZZLE

PACKING UP FOR A MOVE

CLIENT: Woodbridge_Niche_NHG_CoverArt FILE NAME: Woodbridge_Niche_NHBG_Cover_Art. indd APPLICATION: Indesign CS6 FONTS: Litera, Estilo Pro DATE: 05/13 TRIM SIZE: 8”wide x 6.6”high BLEED: 0.25” on left+right OPERATOR: EW

meTRo VANCouVeR eDITIoN | FREE

June 01 - 08, 2013 Volume 24 Issue 18

GTA Edition June - July 2013 Volume 12 Issue 03

Organizing

QUEEN & LANSDOWNE

tips & tricks

FoR R youR you homE

103 WEST LODGE AVE. (Roncesvalles Village)

plus!

The hottest wallpapER dEsigns

OF COMP COMPANIES

visit our new website at WynnResidential.ca

INSIDE THIS ISSUE

RENTER’S INSURANCE: WHY YOU NEED IT

SEARCHING FOR A HOME

PARKDALE: GOING TO THE WEST SIDE

ovation award a 2013: Best renovation enovation under $100,000

Intermind Design

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

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


NORTH SHORE/SQUAMISH/WHISTLER

MAY 31 - JUN 14, 2013 METRO VANCOUVER NEW CONDO GUIDE 49


IN THE NEWS

BMO BLUE BOOK BC:

British Columbia growth to outpace Canada’s by 2014 as U.S. demand picks up Major housing markets in correction mode, while forestry industry set to drive export growth as U.S. housing market continues to strengthen B.C. GROWTH WILL LIKELY HOLD STEADY THIS YEAR at 1.7 per cent and reach 2.5 per cent in 2014, according to the BMO Blue Book released today by BMO Capital Markets Economics and BMO Commercial Banking. Much like the U.S. Federal Reserve’s Beige Book, the BMO Blue Book combines the expertise of BMO’s economists with information on current business conditions provided to BMO’s commercial bankers by local businesspeople. “Among the headwinds are a slowing domestic housing market and softer Asian export demand, though a resurgent U.S. housing market plus firmer momentum in China will likely support exports later in the year,” said Robert Kavcic, Senior Economist, BMO Capital Markets. Mr. Kavcic noted that housing market is in correction mode, particularly in Vancouver and Victoria where buyers now have more control. “Looking ahead, a strengthening U.S. housing market should lift U.S. economic growth above three per cent by the second half of the year, supporting exports, while growth should begin an upward trend. Adding to the optimism is that British Columbia’s forestry exports were up 11 per cent year-over-year in February.” B.C. businesses are showing caution in this environment, but some sectors are looking positive, according to Dean Kirkham, vice president, Commercial Banking, Greater

Vancouver, BMO Bank of Montreal. “Our agricultural clients represent a stand-out industry - particularly in the supply-managed areas of poultry, dairy and eggs. On the natural resources side, we’re seeing positive signs in the forestry industry. With U.S. housing starts trending up, we are hearing from our clients that they are securing more demand from south of the border. This is a positive sign for many Western Canadian suppliers. We’re looking for an improvement in demand from emerging markets to boost the BC commodities markets.”

GDP growth of 1.7 per cent expected in 2013, 2.5 per cent in 2014; Canada GDP growth expected to be 1.6 per cent in 2013, 2.3 per cent in 2014 Mr. Kirkham added that BMO is armed with a highlyskilled team of experts that can make lending decisions at the local level to help its commercial clients boost productivity, expand into new markets and make strategic investment decisions that will help propel growth and drive success.

50

050 BMO Blue Book BC.indd 50

5/28/13 3:39:42 PM


1156 SQ. FT 2 BEDROOMS + 2 BATHROOMS


LV D KW AY B

UB T EA PLA

ET R

EE

WA Y

RIDGE PARK

COAST MERIDIAN RD

NE

DR

Barnet Hwy

ST JOHNS ST

V

VICTORIA DR

A2 LINCOLN AVE

COQUITLAM CENTRE

DEWDNEY TRUN K RD

B1

ES VE TE A DAW ES

Lou

ghe

ed H

HN

AU G

MUNDY ST

A4

H IL LR

Hwy

SH

KI

heed

AUSTIN AVE

T UNE

ug

NG

he

ed

SW AY AV E

Hw

DOMINION AVE

y

Loug

MARI NE R WAY

MUNDY PARK

AUSTIN AVE

BR

Lo

OTTAWA ST

R

SY

LD

ST

PRAIRIE AVE MA

B2

LINTON ST

SMITH AVE

COMO LAKE PARK

GATENSBURY ST

DEWDNEY TRUNK RD

DEWDNEY TRUNK RD

Lo

ug

D

COLONY FARM REGIONAL PARK

wy

r

Ma

ed

Hw

y

ss

MEADOW GARDENS GOLF COURSE

a yp

ll B

i yH

he

FORD RD FRASER RIVER PITT MEADOWS AIRPORT

COQUITLAM A1. EMERSON

608 Como Lake Ave. 604.936.9300

A2. GRAND CENTRAL 3 2929 Atlantic Ave. 604-936-1888

A3. BLOOM

Sales Centre 618 Langside Ave. 604.939.8808

123RD AVE

DEWDNEY TRUNK RD

HAMMOND RD

PORT COQUITLAM A4. BLUETREE HOMES AT MACKIN PARK

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

A5. COMO

B1. BURLEIGH WALK 2675 Burleigh Ave. 604.464.5856

HARRIS RD

NORTH RD

CL

A5 A3 A1

ER

COMO LAKE AVE

BLUE MOUNTAIN ST

AR

KE

RD

TH

216TH ST

PIONEER MEMORIAL PARK

INLET PARK

LA NS BL VD DOW

DR

210TH ST

TA IN

IA

GOLDEN EARS BRIDGE

B2. ORCHID

2455 Wilson Ave. 604.866.4206

404 - 552 Clarke Rd 604.939.0018

$

10,000* rebate *Ask us. We'll explain the details. E.&O.E.

LOWER DOWN PAYMENT SPECIAL FINANCING mosaichomes.com

207TH ST

ROCKY POINT PARK

UN

R TO IC

203RD ST

y

w H

SHORELINE PARK

DAV ID A VE

TOWN CENTRE PARK

S BONSON RD

MO

HARRIS RD

R IT AG E

COAST MERIDIAN RD

D

JOHNSON ST

t ne

r Ba

OR

HE

PI N

DAVID AVE IOC

CEDAR DR

PA R

LVD

COQUITLAM | PORT COQUITLAM | PORT MOODY | PITT MEADOWS

R IVE

R RD


condo profile

Orchid

The world at your doorstep // By Susan M Boyce

three workout areas (including two separate cardio spaces), yoga studio, sauna, theatre room, business centre and a bike workshop in addition to secure bike storage. And for when you’ve got company coming to stay — after all, you know friends and family are going to want to check out your new digs — there’s even a guest suite. Personalize Your Space

p

icture this. A sophisticated condominium residence adjacent to the Traboulay Trail and just steps from the boutiques and diverse eateries of downtown Port Coquitlam. Tranquil landscaping filled with bubbling water features, lush greenery, and colourful flowerbeds. Now add urban-savvy interiors with mix’n’match finishing details and voilà… you’ve just defined Orchid.

“Proximity to the outdoors is one of the things that truly sets Orchid apart.” Lisa Lowry Close to What Counts

“Proximity to the outdoors is one of the things that truly sets Orchid apart,” says Lisa Lowry from Quantum Properties. “You’re adjacent to the Coquitlam River and the famous Traboulay Trail, Gates Park is just across the street with playing fields and picnic spots, plus our onsite landscaping is going to be amazing — a meditation garden, multi-level water features, and a spacious central courtyard with an arbour, benches, and barbecue area.” Orchid’s onsite amenities, too, are going to be impressive —

Inside, Orchid is designed with contemporary tastes in mind. Stainless steel appliances, luxurious ensuites, nine-ft. ceilings, wide-plank laminate or optional hardwood flooring — these homes have it all. And with 13 different floorplans, there’s something to fit every lifestyle whether you’re a first time buyer looking for a cozy one-bedroom or an empty nester looking to right-size with a two-bedroom and flex-space. Orchid is also introducing a whole new twist on personalizing your space. “We have two different colour schemes — “White on White” or “Shades of Grey” — but buyers can also mix’n’match to achieve just the look they want,” Lisa explains. “So often people say they love everything about a finishing package except one or two things that they’d really like to have from the other package. At Orchid, we’ll make those changes.” See For Yourself Grand opening for Orchid’s initial phases of 109 homes takes place June 8th at 2455 Wilson Ave. in Port Coquitlam. One-bedrooms priced from $149,900, two-bedrooms from $199,900. Excellent access to transit (including the West Coast Express) and a bridgeless commute to downtown Vancouver. Presentation centre will then be open daily except Fridays from noon to 5 p.m. For more information, visit orchidcondos.com or call 604.866.4206.

54 metro vancouver new Condo Guide may 31 - jun 14, 2013

054 CP Orchid EK.indd 54

5/28/13 3:39:46 PM


Coquitlam/Port Coquitlam/port moody

may 31 - jun 14, 2013 metro vancouver new Condo Guide 55


COQUITLAM/PORT COQUITLAM/PORT MOODY

56 METRO VANCOUVER NEW CONDO GUIDE MAY 31 - JUN 14, 2013


ALL OF THIS FROM

$199,900

Balcony

Living

Master bedroom Master Bedroom

open concept

living/dining room.

Perfect for all your

Tech Nook

for a home office. DW

built-in spice rack, and French door fridge

closet space and for natural light.

Tech nook ideal

Kitchen

with a full wall of large windows

Dining

entertaining needs.

kitchen with breakfast bar,

patio for

year-round use.

Expansive 20’ x 1 2’

Beautifully designed

Large covered

Bath with custom

D

Entry

Bath

mirror cabinet to

keep countertops clutter-free.

F

Convenient entry

with ice/water

closet for extra

dispenser.

storage.

at mackin park

1 & 2 BED APARTMENTS

✓ Walkable neighbourhood ✓ Easy access to Hwy 1 ✓ Minutes from Lougheed and Braid SkyTrain ✓ Spacious floorplans ✓ Modern finishes ✓ Outdoor space with every home ✓ 1 or 2 parking included Best Value in Coquitlam Prices are subject to change without notice. GST not included. E.&O.E.

Home Store open daily 12 – 5 (Closed Thursday & Friday) 211 – 1020 Austin Ave, Coquitlam 604-939-8874

See more at bluetreehomes.ca

Mackin Park ad for New Condo Guide

Insertion:


Bu r naby | N e w We s tm i n s te r New Westminster

BARNET MARINE PARK

INL ET D

R

CONFEDERATION PARK

SPERLING AVE

UN IVE RSITY DR

R

AR

SQUINT LAKE PARK

U

DI

WA Y

ROYAL OAK AVE

WILLINGDON AVE

RD

AY IW

A GL GA

A4

LOUGHEED MALL

D

RI DE

NELSON AVE

CB

ROYAL OAK AVE

M

O

E AV B4 L B3 YA RO

B1

DUNCAN ST

E WAY

ST E AV

BOUNDARY RD

AY TW

EN

107 - 7090 Edmonds St. 604.525.8496

RW

EN

EW A3. Reflections

A4. bloom

Sales Centre 618 Langside Avenue 604.939.8808

Site Location Gamma Ave. & Hastings St. liveatburnabyheights.com

QUEEN’S PARK

E ST

YD BO

ST

ST

DS

AY NW

DE

Site Location Madison Ave. & Hastings St. liveatburnabyheights.com

H

R WA

R

E AV

ST

D

Burnaby A1. madison

DR

E

BRAID ST

E AV

H

S

8T

TH

MAR IN

IN

H 8T

6T

E AV

M

AR

E AV

AN

H

FI

MARIN E WA Y

E AV

T B2 6

SOUTHRIDGE DR

DR

RL

AY W

H 8T

B1

A3

MAR IN E

BE

1

IMPERIAL ST

TH 10

TH 10

M

RI

E AV

CU

PE

H 6T

A AD

IMPERIAL ST

IM

AL

ST

N CA

D ST

58 metro vancouver new Condo Guide may 31 - jun 14, 2013

Aug.17 2012

7.625”x1.625”

Ledingham McAllister

CMYK

CG Banner Ad Redesign

Legacy Sans

18 Begbie Street 604.523.0081

B2. viceroy

DEER LAKE

DEER LAKE PARK

IF

PATTERSON AVE

E

AD AW AY

GILLEY AVE

BOUNDARY RD

DR

BURNABY LAKE REGIONAL PARK

CA N

KI NA5 GS WA METROTOWN Y

A2. montage

ITY

AUSTIN AVE

GR

SE MARINE DR

RS

Lougheed Hwy

SPROTT ST

OAKL AN

CENTRAL PARK

E N IV

RD

ED

GA GL

KE

EYS TON

BROADWAY

49TH AVE

AR

GR

BURNABY MOUNTAIN GOLF COURSE

BCIT

B1. northbank

W

SFU

CLIFF AVE

BRENTWOOD MALL

Barnet Hwy

NORTH RD CL

A2 HOLDOM AVE

WILLINGDON AVE

A1 HASTINGS ST

A6

BURNABY MOUNTAIN PARK

A5. paddington mews 4927 Kingsway 604.438.9922

A6. aviara

1710 Gilmore Avenue 604.291.9130

Belmont & 6th Avenue 604.522.2583

B3. dominion

68 Sixth Street 604.525.8980

B4. elliot st

336 Columbia Street 604.524.8080


burnaby/new westminster

may 31 - jun 14, 2013 metro vancouver new Condo Guide 59


BURNABY/NEW WESTMINSTER

HW

F

WD

DW

BATHROOM

BEDROOM

LIVING / DINING

SARDIS ST

KIN PATTERSON STATION

N NELSON AVE

PADDINGTON MEWS

WILLINGDON AVE

ENTRY

KITCHEN

GS WA Y

PRESENTATION CENTRE

METROTOWN STATION

60 METRO VANCOUVER NEW CONDO GUIDE MAY 31 - JUN 14, 2013


Industry Insider

Practical Green Q&A with Norm Couttie // by susan m boyce Norm Couttie, president.

1

2 Breeze in South Surrey include a dramatic amenity building. 3 Located in North Vancouver, seven35 has won numerous awards for its environmental innovations. 4 Green in Burnaby features lavish landscaping and water features.. 5 Located on the UBC campus, Sail will be Adera’s second project to incorporate a wastewater heat recovery system.

It comes in all shades from soft pastels to dramatic electric. It’s as much a topic of conversation around boardroom tables as around dinner tables. And in the 21st century, there’s no question being Green has evolved from a trendy, ‘hippie thing’ into an achievement that’s aspired to and honoured on personal, municipal, local, national, and international levels. This issue, New Condo Guide talks with Norm Couttie, president of Adera, about some creative, practical ways developers and homeowners can — and are — embracing Green. Q Adera is well known for their commitment to environmental stewardship, and you’ve won numerous awards attesting to the success of that corporate philosophy. But when you build a condominium development, you’re dealing with many owners and not all of them might share that ideal. How do you make the condos you build Greener? A I like to say we use systems that make people Green in spite of themselves, systems that are automatic and virtually foolproof. A great example is the wastewater heat recovery system we installed first at seven35 in North Vancouver and we’re now installing at Sail on the UBC campus. This system recovers 75 per cent of the heat from regular, everyday wastewater like your shower or washing machine. It works away quietly in the background 24/7, so you never have to think about it. It’s hooked directly into the Internet, and if something does go wrong, it sends a text to the on-call technician who can often fix the problem remotely.

2

62 metro vancouver new Condo Guide may 31 - jun 14, 2013

1

Q What other new technologies do you find particularly exciting? A Programmable thermostats have been on the market for years, but the latest innovation allows your thermostat to learn and adapt to the way you live. Let’s say you get up at six every morning during the week but like to sleep late on the weekends. This thermostat identifies your lifestyle patterns and works with them. I also believe LED lighting is finally well on its way to becoming a viable alternative to compact fluorescent lights. Until recently, LED technology was too expensive, only came in blue, and simply wasn’t very good. Today’s LEDs are still expensive but the quality is phenomenal, and as more people use them, the price will drop. We’re already offering an LED upgrade package that’s becoming more and more popular.


3

Q What about things that don’t require special technology or equipment? A They aren’t sexy, but the “Big Three” are insulation, windows, and airtightness. The first two are all about quality. Proper insulation gives you a huge return on investment — which is why we spend a lot of money on it. The same thing with windows — a quality product will create better efficiencies. Airtightness is about quality control. A very small gap can allow a tremendous amount of heat to escape which costs homeowners money. It’s something that’s simple to fix before drywall but very expensive after, so we monitor each home we build multiple times throughout the building process. Q Condo living is becoming almost synonymous with proximity to transit and reduced reliance on the automobile. Adera embraced the concept of incorporating onsite, car share programs very early and now they’re a standard in every condo community you build. Where does this driving alternative fit in today’s Greener lifestyle? A More and more couples, even families, are choosing to own just one vehicle rather than two. If they live in a highly urban area, they may even choose to have no car at all and rely on a combination of transit, bikes, walking, and car co-ops. Co-ops are a smart alternative,

4

5

especially when you realize they aren’t all just about Smart Cars — they’re about offering a variety of vehicles to meet different needs. MoDo has minivans for when you want to go skiing at Whistler with half a dozen of your friends, trucks for when you need to pick up a new sofa at IKEA, and yes, Smart Cars for when you just need to make a quick run across town and it’s raining. Sure, it’s tempting to think a van isn’t energy efficient, but if you consider that being able to access one on an “as needed” basis could mean half a dozen or more cars are taken off the road year round, it puts a different spin on things. What’s your advice to people who want to get serious about going Green? Recognize that not everything Green is great, and you need to watch out for unintended consequences. For example, one project we built a number of years ago used high-efficiency windows with a reflective coating. You might ask how it would be possible to go wrong with stateof-the-art, high-efficiency windows. But because of the way the building was located on the site, the sunlight reflected onto the building next door and began melting the vinyl siding. It was a very odd, completely unpredictable consequence. Be aware that small things add up. Installing motion detector lighting in your bathroom will give you a minor saving in energy consumption. Installing motion detector lighting in a condominium’s underground parking will yield some significant savings. And when you’re dealing with new technologies, two keys are to change only one thing at a time and to be on the leading edge not the bleeding edge. Seven35’s wastewater heat recovery system was a first-of-its-kind in North America but it’s a technology that’s been used successfully in China for some time so we knew it was well tested and reliable. Q

A

To learn more about Adera and their practical Green buiding philosophy, visit adera.com. MAY 31 - JUN 14, 2013 METRO VANCOUVER NEW CONDO GUIDE 63


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

NewCondoGuide.com

Buyer expectations and demographics fuel Vancouver’s housing market


burnaby/new westminster

Water VieWs +

Parkside location +

2 blocks to skytrain + smart, comfortable homes

+ only 10% deposit. UNIT TYPE 05 1 BEDROOM 652 SF

so much, so central.

W/D

630 sq.ft. 1 bedroom* homes

priced from $266,900

DW

in historic neW Westminster. construction is underway.

P

604.523.0081 Presentation Centre at 18 BegBie

northbank.ca

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

may 31 - jun 14, 2013 metro vancouver new Condo Guide 65


condo sense

// by cameron mcneill

real estate crossword 1

4

5

2

3

7

6

8 9

10 15

17

18

11

12

20

19 23

14

21

22

24

25

26 27

30

28

37

29

32

31 33

A

13

16

34

35

38

ttention crossword and real estate enthusiasts! To help celebrate MAC’s 50th contributing article with New Condo Guide, we wanted to test your presale real estate knowledge. From economics, to construction and everything in between that affects real estate, we welcome you to complete this crossword for a chance to win a $50 gift card to Home Depot. Submit your completed crossword with your name, phone and e-mail address before June 13th, 2013. (The answer key will be provided in the next issue.) By fax: 604.629.1313, by mail: 100-856 Homer Street, Vancouver, BC V6B 2W5 or scan and e-mail to cm@macmarketingsolutions.com. A winner will be drawn at random. Good luck!

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

36

39 40 41 42

43

44 45 46

ACROSS

DOWN

1 Real estate web site with home listings 4 Many within this magazine 7 Where you live 9 Selected additional feature 10 Can be hot, cool or balanced 12 Building material not more than 6 storeys in BC 13 Tax on new real estate 15 Short for Square Feet or Square Footage 17 Real estate investment 19 Parking or bicycle space 20 Public Transportation 22 Room for a desk 23 Minimum of 2-5-10 year in BC 25 Person who knows real estate 27 Real Estate Marketing Firm 28 _____ screen technology (building practice) 29 Apartment 30 High-rise 31 Popular Canadian bank 34 Purchasing a home to rent 35 Tiny Condo 37 Real estate loan 40 Bathroom off master bedroom 41 Length of mortgage period 43 Room with multiple uses 44 Project picture and information book 45 Opposite of re-sale real estate 46 Sustainably-minded features

2 3 5 6 8 11

Popular countertop material Elevated outlook Multi-family building Term for Pre Construction Selling Condo with elevated bedroom Type of residence that is often more than one story and accessible from the ground level 14 Home within a building 16 Floorplan 18 ____urban (not downtown) 19 Enclosed balcony 21 Shared Building Features 22 _____size - less space, more freedom 24 Building designer 26 Views of this are generally more expensive 29 New Vancouver transportation corridor 32 New LRT to Coquitlam 33 Government incentive for homeowners 36 Long-term interest rate hold 38 Long term neighbourhood development strategy 39 Not variable 42 Building replica 43 Maintenance ____ is a monthly strata cost

66 metro vancouver new Condo Guide may 31 - jun 14, 2013

066 Cameron McNeil - May 31 EK.indd 66

5/28/13 3:40:08 PM


R IVE

KNIGHT ST

99 VANCOUVER INTERNATIONAL AIRPORT (YVR)

R DR

R i c h m o n d | D e lta | L a d n eDRr | T s a w w a s s e n NO 5 RD

WESTMINSTER HWY

NO 3 RD

RICHMOND NATURE PARK

Richmond Hwy

NO 6 RD

NO 5 RD

91

Westminster Hwy

RICHMOND NATURE PARK

GRANVILLE AVE

99

RICHMOND CENTRE

GRANVILLE AVE

R DR

CAMBIE RD

g

ALDERBRIDGE WAY

LANSDOWNE PARK MALL

NO 4 RD

A1

DR

CAMBIE RD

R IVE

CAMBIE RD

SHELL RD

R KE BA RU SS

A4

NO 6 RD

g

LANSDOWNE PARK MALL

NO 4 RD

RICHMOND CENTRE

Richmond

BRIDGEPORT RD GRANT MCCONACHIE WAY ALDERBRIDGE WAY

GARDEN CITY RD

NO 3 RD

R IV ER

WESTMINSTER HWY

GRANVILLE AVE

99

W AY

KE BA SS RU

SHELL RD

W AY R

CAMBIE RD

VANCOUVER INTERNATIONAL AIRPORT (YVR)

A3

BRIDGEPORT RD

A2

GARDEN CITY RD

GRANT MCCONACHIE WAY

KNIGHT ST

R IV ER

Richmond Hwy

91

Westminster Hwy

GRANVILLE AVE

99

BLUNDELL RD

A5

g

RD Y WA

BOU N DARY BAY R EG IONAL PAR K

Presentation Centre No 3 Rd and Bennet 604.278.3939

A AVE

W

6160 London Road No 2 Rd. and London Rd. 604.274.7326

ladner B1. canu

28TH AVE

4689 52nd Street 604.940.5533

17

28TH AVE

12TH AVE

56TH ST

6TH AVE

68 metro vancouver new Condo Guide may 31 - jun 14, 2013

se rR 62ND B ST

B ST

48TH AVE

53RD ST

RD

RO 47TH AD

41ST B ST

OV E

A5. the pier at london landing 41ST B ST

A4. harmony

GR

U R DR

10111 River Drive 604.231.5900

BU

17

ARTH

A2. parc riviera

www.riverparkplaceliving.ca 604.282.7838

ER

R IV

56TH ST

W AY

Richmond #101-8600 Park Road 604.270.2482

RI VE R62ND RD

RD R VE RI EL RD O N

ER

R IV

A3. river park

48TH AVE

W RD

U R DR

113 ST

AC H

53RD ST

CE M ETE RY

72 AVE

A1. Saffron

17

ARTH

BE

RI VE R

N KSO

56 ST

53A ST

8A AVE SOUTH DE LTA PAR K

74 AVE

BU

B1

47TH A AVE

JAC

12 AVE

8A AVE

RD

55 ST

53A ST

52 ST

75A AVE

12 AVE

119A ST

75 AVE 115 ST

DR

d e lta

CHALM E R S PAR K

RE

DE LTA NATU R E R E S E RVE

O YM RR

DR

78B AVE

BA

IC A

MONROE DR

116 ST

N

118 ST

O

112 ST

M

ST

B EACH G ROVE GOLF C OU R S E

80 AVE

SA

NT A

82 AVE

DEAS ISLAND REGIONAL PARK

G RAU E R PAR K

C OAST TSAW WAS S E N I N N

MACK I E PAR K

ENGLISH BLUFF RD

BL VD

SCOTT RD

E

y

NORDEL WAY

is Hw

c Anna

91

84 AVE

80 AVE

IR

55

TSAW WAS S E N GOLF CLU B

W

I LT SH

AVE FINN 18 RD

ladner

ENGLISH BLUFF RD

112 ST

NO 3 RD

17

S P LAS H D OW N PAR K

DEAS ISLAND REGIONAL PARK

FINN RD

tsaw wa s s e n

56 ST

90 AVE

NORTH DE LTA PAR K

NO 3 RD

52 ST

116 ST

MONCTON ST

Fr a

ER R IV

RD

MONCTON ST

GARRY POINT PARK

96 AVE

GARRY POINT PARK

ive r

NO 6 RD

ive r se rR

NO 5 RD

Steveston Hwy

Steveston Hwy Steveston Hwy

ER R IV

Fr a

Steveston Hwy

SOUTH ARM PARK

NO 4 RD

WILLIAMS RD

NO 5 RD

NO 3 RD

GILBERT RD

FRANCIS RD

NO 2 RD

RAILWAY AVE

SOUTH ARM PARK

NO 4 RD

NO 1 RD

WILLIAMS RD

NO 3 RD

GILBERT RD

RD FRANCIS FRANCIS RD

NO 2 RD

NO 1 RD

RAILWAY AVE

FRANCIS RD

NO 6 RD

BLUNDELL RD

4TH AVE

1ST AVE

RN

SD

R

RN

SD

R


NEW HOME GUIDE

■ ■ ■ ■ BLACK ■ ■ ■ ■ MAGENTA

■ ■ ■ ■ CYAN ■ ■ ■ ■ YELLOW

richmond/delta/ladner/tsawwassen

LAST CHANCE TO OWN

STEVESTON WATERFRONT

NOW SELLING! The Pier at London Landing is a collection of 76 premium view condos and penthouse units, set above street-level retail. Enjoy a luxurious lifestyle on the water’s edge, overlooking a vibrant pedestrian-friendly plaza, public waterfront park, and an array of shopping options. STUDIO UNITS from $ 229,900

2 BDRM + DEN from $ 569,900

1 BDRM + DEN from $ 409,900

3 BDRM + DEN from $ 999,900

SALES AND MARKETING BY

From a group that has chosen an enviable location and elevated it!

Prices exclude taxes. This is not an offering for sale. E.&O.E.

PRESENTATION CENTRE 12235 No.1 Rd, Steveston Call: 604.274.7326

Mon to Thurs 2-5pm Sat & Sun 12-4pm

thepierlifestyle.com may 31 - jun 14, 2013 metro vancouver new Condo Guide 69

CLIENT: Steveston Real Estate - The Pier FILE NAME: ThePier_NHG_NowSelling_ june2013.indd

ISSUE DATE: May 31 2013 AD SIZE: 7.25” w x 9” h PUB: New Home Guide


finances

Boomers risk

straining finances to support boomerang kids: TD poll TD Canada Trust partners with family relationship expert Gary Direnfeld with advice on applying tough financial love. Many parents feel the need to give financial support to their grown children well into adulthood, from welcoming them back home after graduation day to helping them pay off their credit card. In fact, one-in-five Boomers (19 per cent) admit they would consider putting their own security and financial future at risk to help support their adult children. New research from TD Canada Trust shows the majority of Boomer parents have financially supported their adult children in some capacity. They have let them live at home rent free (43 per cent), subsidized big purchases like a new car or computer (29 per cent), contributed to monthly bills like groceries and rent (23 per cent), and helped pay off their credit card or other debt (20 per cent). John Tracy, a senior vice president at TD Canada Trust, warns too much financial support - coupled with mortgage payments, retirement savings, and even elder care - could put a serious strain on Boomers’ finances.

“Today’s high youth unemployment, increasing postsecondary education costs and high property prices means many young people are more likely to rely financially on their parents well into adulthood,” said Tracy. “As a parent, it’s natural to want to help when children struggle with finances, but it’s important this support does not compromise your own financial stability and retirement savings goals.” Family relationship expert and social worker Gary Direnfeld said a little tough love is essential to avoid a cycle of dependency and to maintain healthy family dynamics.

To make saving simpler, set up regular preauthorized transfers of a set amount into an RSP, and ideally, a TFSA for emergencies. Saving automatically can help parents resist the temptation to splurge on their children instead of saving for the future. 70 metro vancouver new Condo Guide may 31 - jun 14, 2013

070-071 Boomers risk straining finances to support boomerang kids.indd 70

5/28/13 3:40:11 PM


say ‘no,’” Direnfeld said. “The big challenge is withstanding the initial backlash and staying firm. Depending on the circumstances, some families find it useful to seek support from a third party, like a financial advisor or social worker.” 2. Pay yourself first

“Some parents worry too much about being liked by their kids, but as parents it’s our job to teach our children financial independence so they learn how to cope with frustration, overcome adversity and appreciate the value of a dollar,” Direnfeld said. “Even if money is not an issue, setting boundaries and knowing when to say ‘no’ from the time kids are young will help develop responsible young people, so we don’t end up with a generation of dependent adults.” Additional advice from Tracy and Direnfeld on how boomer parents can practice tough love when it comes to family finances: 1. Have open and honest conversations

“Don’t assume that everyone is on the same page; be clear on what you are and are not willing to support financially,” said Tracy. For example, if grown children move back home, will they be responsible for paying rent or covering any household expenses, and what are the implications if downsizing is a future consideration? “If the support strains your finances, share those concerns and explain the basis for your decision to cut back or

Tracy says it is vital to prioritize retirement savings in peak earning years, so parents should refer to their financial plan before lending a hand to their children. “Millennials have decades left in the workforce to earn money, but Boomers likely do not,” said Tracy. “If parents can’t support themselves in retirement, then they risk shifting the financial strain onto their children instead.” To make saving simpler, set up regular preauthorized transfers of a set amount into an RSP, and ideally, a TFSA for emergencies. Saving automatically can help parents resist the temptation to splurge on their children instead of saving for the future.” 3. Budget and plan for generosity

Fifty-four percent of parents estimate that even though their adult children are not attending school, they provide between $100 and $300 each month in financial support. The research also found 18 per cent of parents have helped their children with the down payment on their first home. Regardless of how much support parents offer, Tracy says it’s crucial to budget for it. “Before helping with a down payment, speak with a financial planner and mortgage expert in tandem to understand the financial implications and, more importantly, to find out if all parties can truly afford to do it,” Tracy said. “If your child has saved a sizable down payment and proven they are ready to take on the responsibility of a mortgage, topping up their down payment could save them thousands of dollars in the long run if you have the means.” 4. Be a role model and teach financial literacy

Tracy and Direnfeld agree that teaching children about money from a very young age can help prevent a cycle of dependency. But, for parents who feel the strain of supporting adult children today, they recommend firm but measured action. “Parents should gradually shift their role from financial aid to financial coach, and help their kids establish a plan to get their expenses under control and pay down debts,” said Tracy. Direnfeld adds that grown children need to understand independence means owning their own consequences, and he says parents should let their children learn this lesson through experience rather than making a decision to support them out of guilt. “Being a role model is only as good as the example you set; let your children see that you hold them accountable for their own decisions,” said Direnfeld. may 31 - jun 14, 2013 metro vancouver new Condo Guide 71

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VI

OR CT

IA

DR

CEDAR DR

VICTORIA DR

DOMINION AVE

224TH ST

DEWDNEY TRUNK RD

Lo

ug

he

ed

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

y

Hw

104TH AVE

102TH AVE

MAPLE RIDGE 1. falcon centre 11862 226th Street 604.477.1500

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72 metro vancouver new Condo Guide may 31 - jun 14, 2013

JAC KS O

ed

ghe

Lou

N

DR MACLU RE

240TH ST

OTTAWA ST

Pitt Meadows | Maple Ridge


Pitt Meadows/Maple Ridge

MEET THE BUILDER EVENT Saturday, June 1st 12-5pm

may 31 - jun 14, 2013 metro vancouver new Condo Guide 73


meTRo VANCouVeR eDITIoN | FREE

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may 31 - jun 14, 2013 metro vancouver new Condo Guide 75


make your move

// by dan hopkins

Packing up for the move

Breaking down the process

M

oving homes can feel like an overwhelming task, with packing up all your belongings being the first major challenge. With a few deep breaths and these packing tips, though, you can conquer the move without losing your mind.

›› Before packing

Dan Hopkins is Chief Operating Officer, Two Men and a Truck Canada. twomenandatruck.ca

You want to reserve your movers or moving company at least eight weeks prior to your move during busy periods to guarantee availability on moving day. Once you have your movers selected, you can start to pack up your belongings in anticipation of their arrival. Some moving companies will even pack for you, simplifying and streamlining the moving process.

Make sure to use packing paper or bubble wrap to protect fragile belongings – newsprint from newspapers used to wrap items can be messy to clean up. ›› Start packing Once you have determined your moving date, start packing. Box up belongings that you don’t use often and store them somewhere out of the way. Storage areas are usually good places to start because they are not high-traffic areas. If you have kitchen supplies, occasional dishware like fine china, or small appliances that go unused on a daily basis, carefully pack them away a few weeks before the move. Make sure to use packing paper or bubble wrap to protect fragile belongings – newsprint from newspapers used to wrap items can be messy to clean up. Keep a record of what goes into which box so you can find what you need instantly when it comes time to unpack.

›› Keep packing If you stand back and look at everything you need to pack, you’ll just be overwhelmed. Just start packing. If you start early enough, you can break up the packing process into a more gradual and less stressful experience. Save the items that you use daily to pack last and make sure to label each box. Avoid packing items from different rooms in the same box to prevent confusion when unpacking. 76 metro vancouver new Condo Guide may 31 - jun 14, 2013

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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

MA

RIN

R

COMMERCIAL DR

E BROADWAY

E BROADWAY

W 12TH AVE KI

12

NG

E 12TH AVE

SW AY

E KING EDWARD AVE

6 ED

4

E 1ST AVE

QUEEN ELIZABETH PARK

E 33RD AVE

E 29TH AVE

16

W 41ST AVE

3

E 41ST AVE

OAK ST

W 57TH AVE

MAIN ST

W 49TH AVE

E 49TH AVE

VICTORIA DR

SW

AVE

13 RI

W 70TH AVE

SW

MA

N

R ED

SE MARIN E

1. THE residences at west

8. radius

15. keefer block

2. Kits360

9. the westerly

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1777 West 7th Ave 604.737.0360

3. wall centre central park Boundry Road & Kingsway 604.874.9232

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5. opsal

2nd & Quebec Street 604.876.7332

6. 5555 dunbar 5555 Dunbar 604.568.7551

7. sail

108 - 3479 Westbrook 604.221.8878

78 metro vancouver new Condo Guide may 31 - jun 14, 2013

4th Ave. & Fir 604.731.5522 3496 W Broadway (at Collingwood) 604.558.3399

10. meccanica First & Quebec 604.876.8819

11. Modern

1305 Burrand St. amacon.com

12. bluetree homes on main street King Edward & Main 604.877.1116

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Cambie & Marine 604.638.9998

14. maddox

Howe & Drake 604.669.8200

Keefer St & Main St 604.682.8813

4338 Commercial St Presentation Centre 768 Kingsway St 604.879.8989

17. rolston

Presentation Centre: 140 - 1265 Granville Street 604.688.8927

18. shine

289 East 6th Avenue 604.261.3936

19. lido

Presentation Centre 830 Hastings 604.872.2672

20. 188 keefer 188 Keefer 604.620.2018

DR

BOUNDARY RD

W KING EDWARD AVE

PACIFIC SPIRIT PARK

W 6TH AVE W BROADWAY

INAL

18

KNIGHT ST

18

DUNBAR ST

L AL

7

W 16TH AVE

TE R M

10

5

MAIN ST

KM

6T

W1

2 W BROADWAY

8

CAMBIE ST

OO

VE HA

9

1

OAK ST

W 10TH AVE

CORNWALL AVE

BURRARD ST

ALMA ST

W 4TH AVE

REY RD

VENABLES ST

15

GRANVILLE ST

POINT G

JERICHO BEACH PARK

LVD

BR ST WE

UBC

11 17 14

E DR

LLOR B

ARBUTUS ST

NCE

MCDONALD ST

AR IN

CHA

20

RENFREW ST

19 E HASTINGS ST

BURRARD INLET NW M


Vancouver

may 31 - jun 14, 2013 metro vancouver new Condo Guide 79


“VANCOUVER IS NOT AFFORDABLE...?" The Rolston IS!

YOU CAN OWN A TWO BEDROOM HOME IN DOWNTOWN VANCOUVER FOR LESS THAN IT COSTS TO RENT A ONE BEDROOM. Until June 5th, purchase with 5% down and receive $1,000 off your mortgage every month for the next three years. With a mortgage payment starting at $995/mo, The ROLSTON IS AFFORDABLE!

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may 31 - jun 14, 2013 metro vancouver new Condo Guide 81


Vancouver

82 metro vancouver new Condo Guide may 31 - jun 14, 2013


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84 metro vancouver new Condo Guide may 31 - jun 14, 2013


Vancouver

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may 31 - jun 14, 2013 metro vancouver new Condo Guide 85


condo profile

Diversity Thrives

Keefer Block Dynamic new Chinatown // By Susan M Boyce

i

t’s the next big step in Chinatown’s evolution. On May 2nd, 2013, Keefer Block officially broke ground at the corner of Keefer and Main Street. The crowd was enthusiastic, mood was celebratory, and even the weather cooperated with blue skies and sunshine. “Chinatown has long been one of Vancouver’s historical jewels,” said Vancouver Councilor Raymond Louie. “Keefer Block is the first step of a comprehensive plan to bring it back to its original glory, a revitalization that will preserve the unique fabric and feel of Chinatown.” Ten years in the making, it’s a plan Louie believes will appeal not only to the people who’ve always loved Chinatown’s charm but also to a new, younger generation — buyers who appreciate the area’s rich ethnic background, proximity to urban amenities, and outstanding housing affordability.

Long famous for its street markets, this new Chinatown is also rapidly gaining a reputation as a foodie’s haven — and Keefer Block will be just steps from dozens of Vancouver’s hottest new eateries including Keefer Bar & Lounge, Bao Bei Restaurant, London Pub, Brixton Café and Floata Seafood Restaurant. Retail, too, is thriving with new arrivals like Spencer’s Interiors, Jett Grrl Bike Studio, Erin Templeton Leather Goods, Ochi Women’s Fashions rubbing shoulders with traditional Chinese herbalists, wicker ware, and antiques stores. “We’ve seen a big change in just the last five years,” said Jordan Eng, vice president of the Chinatown Business Improvement Association. “Chinatown has become more pedestrian-friendly. Bike routes are encouraging people to explore as they head downtown or to the Seawall. And young people are coming back because they see it as a neighbourhood distinct from downtown but with great proximity to it. Now, as the first major development located right in Chinatown, Keefer Block will add some muchneeded residential and new commercial to the mix.” Visionary Outlook

“Everything starts with a vision,” noted Mike Bosa, Solterra’s vice-president of development and acquisitions. “Our vision for Keefer Block is a mixed-use development that helps Chinatown to grow and prosper economically as it has for the past 100 years while creating long-lasting value for our buyers with homes they can afford to own now.” Demonstrating an immediate commitment to this vision, Solterra completed Keefer Block’s groundbreaking celebration by presenting the Dr Sun Yat Sen Classical Gardens with a $5,000 sponsorship cheque to kick off their annual fundraising event. Keefer Block is located at 189 Keefer Street (at Main). Presentation centre and display suite at 880 Seymour St. in downtown Vancouver. More info at keeferblock.com.

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Vancouver

may 31 - jun 14, 2013 metro vancouver new Condo Guide 87


condo watch

Como: Burquitlam

The Haywood: West Vancouver

Presentation Centre: in the Burquitlam

On the Street: 2436 Haywood Ave

Mall, Clarke and Como Lake Rd. On the Web: comoliving.com Info: 604.939.0018

On the Web: haywoodave.com

Be part of the dynamic, emerging Burquitlam neighbourhood. Chose from 42 one-, two-, or threebedroom floor plans (many with dens) and all designed so every last inch is used to your very best advantage — nifty storage areas, well-planned walkways, excellent storage. Finishings include hardwood flooring and striking contemporary stone accents. Plus the Evergreen Line will make connecting to downtown Vancouver a breeze. Highlights:

Condo market watch Condominium homes to keep your eye on

Residences at Queen Mary: North Vancouver On the Street: 8th and Chesterfield On the Web: polyhomes.com Info: 604.871.4214 Highlights: Located adjacent to the historic Queen Mary Elementary School, these West Coast contemporary, apartment homes are under construction. Open living spaces and sophisticated interior designs include granite and marble counters, laminate flooring, wood cabinetry, and sleek stainless steel appliances. Close at hand are an exciting array of urban amenities, the diverse adventure opportunities of the local mountains and top ranked golf course, plus shopping, restaurants, and convenient transit/commuter access to downtown Vancouver.

Winter Street: White Rock On the Street: 1333 Winter St. On the Web: listraor.com Info: 604.364.7455

Located in the heart of White Rock, Winter Street offers a rare opportunity to purchase a brand new condominium home in this popular seaside community. Built by Listraor, these 27 exclusive homes feature the finest construction, exceptional interior finishes, plus beautiful green spaces and landscaping. Thoughtfully designed to celebrate the unique combination of urban living and casual ambiance that makes White Rock one-of-a-kind. Highlights:

Serenade: Langley On the Street: 20460 Douglas Cresc. On the Web: serenadeliving.ca

Info: 604.281.1501 Highlights: An upscale way to downsize, The Haywood is well under construction in West Vancouver’s charming and historic Dundarave Village. This boutique collection of just nine luxurious one-, two-, and three-bedroom homes is a showcase of craftsman quality, high-impact touches, and modern finishes. Exposed timbers, natural Whistler basalt stone and rich wood details give The Haywood a sophisticated, contemporary look that still blends seamlessly into the natural tranquility of Dundarave. All this, and you’re just steps from the spectacular West Vancouver Seawall.

Canvas at Great Northern Way: Vancouver On the Street: Great Northern Way

between Main and Clark On the Web: onni.com Highlights: Priority register early for more information about this collection of artist inspired homes located just steps from South Main and South East False Creek. This rare opportunity to be part of Vancouver’s newest, emerging art district is brought to you by Onni. Canvas will be located on the Great Northern Way Campus, home of the Centre for Digital Media and the future Emily Carr University of Art + Design.

Info: 778.278.0066 Highlights: Stylish finishings, intelligent floor plans, plus a great location adjacent to Douglas Park and easy walking distance to downtown’s eclectic shops, restaurants, and other amenities. Prices start at just $179,900. Need a new car to go along with your new home? For a limited time, all buyers will be entered to win a Mitsubishi Lancer.

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

88 metro vancouver new Condo Guide may 17 - 31, 2013

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homebuyers’ help

condo buyers’

resource section

You love the condo, see what you can afford!

rd!

Calculate your mortgage payments using the mortgage payment calculation chart

may 31 - jun 14, 2013 metro vancouver new Condo Guide 89

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homebuyers’ help

Calculate your mortgage payments interest rate

amortization period

chart figure

mortgage amount ÷ 1,000

monthly payment

example: 5%

25 years

5.82

125 (mortgage amount $125,000)

$

Follow these steps to see if you’ll qualify for a mortgage on your dream condo 01 Calculate the combined monthly before-tax income of you and your spouse. 02 Divide by three. This figure is the monthly payment you can afford to make on your condo. 03 Take the total price of the condo and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.

04 Refer to the chart on the opposite page. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most first-time buyers take the 25-year amortization.) 05 Multiply this figure by the amount you need to borrow. Divide by 1,000.

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

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

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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 may 31 - jun 14, 2013 metro vancouver new Condo Guide 91

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BRITISH COLUMBIA’S

neW condo deVeLoPMentS Proj ect

tYPe

c o n ta c t

Price

Proj ect

LR LR LR LR HR LR

604.854.1201 604.746.3496 604.846.8948 604.557.1047 604.746.1551 604.850.3694

Call From $169,900 From $99,900 Call Call From $179,900

604.456.8883 604.291.9130 778.331.0348 604.288.7394 604.320.3386 liveatburnabyheights.com 604.899.8800 604.435.9477 604.435.9477 604.435.8866 liveatburnabyheights.com 604.889.7008 604.431.6033 604.754.7338 604.437.0100 604.294.4995 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 From $209,900 Coming Soon Call Coming Soon From $351,500 Call From $439,900 From $495,900 Coming Soon From $293,900 Call From $274,900 From $239,900 Call Call From Low $300’s From $249,900 Call From $249,900 Coming Soon From $259,900 From $299,000

604.824.5062 1.800.830.7175

Call From $184,900

604.472.1123 604.931.0302 604.939.8808 604.552.7744 ledmac.com/charland

Call From Low $200’s From $249,900 Coming Soon Call

aBBotSFord

Abacus Uptown Brooklyn Hudson’s Loft Lift Mahogany at Mill Lake Waterleaf BUrnaBY

Altitude Aviara Highland House Kabana Lift Madison Met, The Metro One Metro Two Metroplace Montage North Parc OakTerra Oro Panacasa Perspectives Reflections Silver Solo District Station Square Trio Venice Vibe Wall Centre Central Park

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

coQUitLaM

1123 Westwood Austin Bloom Celadon Charland

c o n ta c t

Price

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

604.939.0018 604.936.2012 604.936.9300 604.942.2672 604.936.1888 604.936.1888 778.829.1500 604-472-9555 604.472.9555 604.288.9888 604.939.8874 604.464.2701 604.552.3003

From $208,800 From $339,900 incl. all tax Call From $267,900 From $309,900 Call From $220,500 Call Call Call From $199,900 Call From $299,900

LR

604.940.5533

From $324,900

LR LR

778.565.3879 604.590.8003

Call From $199,900

604.882.8857 604.530.7011 604.534.6000 604.533.7718 604.568.3385 604.427.3311 604.510.6500 604.635.0643 604.514.1530 604.539.2200 yorksoncreek.com

From $137,500 From $194,900 From $188,900 From $159,900 Coming Soon From $199,900 Call Call From $224,900 From $149,900 From $179,900

LR LR LR LR LR

604.463.0588 604.318.5254 604.466.8783 604.477.1500 604.467.8884

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

HR LR

604.377.9630 604.694.1188

Call Coming Soon

Ladner

Canu nortH deLta

Atria Luxor LanGLeY

Athenry Gate Bearing Pointe Cornerstone Elements Focus Kensington Murray’s Walk Serenade Suede Varsity Yorkson Creek

LR LR LR LR TH/LR LR LR LR LR LR LR

MaPLe ridGe

cHiLLiWacK / SardiS

Garrison Crossing La Cason

Como Easton Emerson Evergreen Grand Central 2 Grand Central 3 Hazel MTwo MThree Maya Mackin Park Oasis Tamarack

tYPe

HR HR LR/TH HR LR

Penthouse (PH)

Real Estate Sales & Marketing From the ground up

Live Work (LW)

city Home (cH)

223 North Cascada Edge on Edge Falcon Centre Parc Vue neW WeStMinSter

258 on Sixth Brewery District High rise (Hr)

Mid rise (Mr)

Low rise (Lr)

Loft (Lo)

Representing the best in New Home Sales across the Lower Mainland from Townhomes to Condos. Homes starting in the $150’s

FIFTHAVE.CA 92 metro vancouver new condo Guide may 31 - jun 14, 2013


all tax

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

Carlyle at Victoria Hill Dominion Duo at Port Royal Elliot St Glasshouse Lofts Grove, The Northbank Parkside Trapp & Holbrook Viceroy

HR HR LR HR MR LR HR HR HR LR

c o n ta c t

604.523.0733 604.525.8980 604.520.9890 604.524.8080 aragon.ca 604.523.0733 604.523.0081 604.523.0733 604.525.0223 604.522.2583

PricE

P r o j e c t T Y P E

Call Call From $218,900 From $224,900 Coming Soon Call From $261,900 Call From $299,900 From $321,900

NORTH VANCOUVER

15 West HR 604.980.9949 221 East 3rd LR 700 Marine Drive LR/LW 604.984.0700 Atrium at the Pier MR/TH 604.983.9065 Canyon Springs LR 604.871.4126 Capstone MR 604.929.8870 Destiny 2 at Raven Woods LR 604.929.1915 Drive, The LR 604.986.8138 Kimpton, The LR 604.988.3020 Landing, The MR 604.983.9065 Local on Lonsdale hr/LR/th 604.998.0219 Maplewood North LR 604.727.1594 Northlands LR 604.800.2120 Orizon LR 604.638.6240 Pinnacle Residences at the Pier MR 604.983.9065 Prescott, The HR 604.969.3333 Remix LR 604.924.4488 Seylynn Vilage HR seylynn.ca 604.924.5595 Versatile Building, The LR PITT MEADOWS

Cedar Downs Solaris at Meadows Gate Liv42

LR HR LR

Call Coming Soon From $299,000 Call Coming Soon Call From $289,900 Call From $359,900 Call From $309,900 From $378,900 From $244,900 From $304,900 Call From Mid $200’s Call Coming Soon From Low $300’s

778.846.3200 604.460.8998 604.460.6601

Call Call From $134,900

604.468.2707 604.464.5856 604.435.9477 604.475.5100 604.866.4206 604.468.8252

Call From low $199,900 From $209,900 Coming Soon From $149,900 Call

South Verde Valorie on the Park

LR LR

c o n ta c t

604.468.8252 604.464.4764

PricE

Call From $175,000

PORT MOODY

Residences, The

HR

604.552.0552

Call

RICHMOND

Alexandra Gate Altis Bravo Camber Carrera Centro Concord Gardens Emerald Gardens, The Harmony Mandarin Monet Nova Omega Opal at Richmond Centre Ora Parc Riviera Pier, The Remy Riva River Park Place Quintet River Green River Inlet Saffron

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

604.274.7326 604-231-0588 778-297-6222 604.276.0677 604.244.7721 604.270.8305 604.233.7748 604.244.8333 604.271.3331 604.278.3939 604.233.1687 604.233.7748 604.278.8883 604.233.7748 604.303.7575 604.278.8838 604.231.5900 604.274.7326 604.279.8866 604.278.8838 604.282.7838 604.247.8885 604.233.2633 604.233.2633 604.270.2482

Call From $298,800 From $298,800 Call From $419,900 From $389,900 From $236,800 From $296,000 From $254,900 From $288,800 From $299,900 From $288,900 From $299,900 From $279,900 From $464,900 Call Call Call From $211,900 Call From $299,900 Call Call Call 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 HR

3civicplaza.ca 604.596.2202 778.565.3879 tiensher.com 604.580.4199

Coming Soon From $170’s Call Coming Soon From $186,900

SQUAMISH / WHISTLER

Aqua Elaho University Heights

PORT COQUITLAM

Avanti Burleigh Walk Carmandy La Vie Orchid Shaughnessy, The

LR LR LR LR LR HR

Penthouse (PH)

Live Work (LW)

City Home (CH)

SURREY

3 Civic Plaza Ascend Atria Balance Citypoint High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

Loft (LO)

may 31 - jun 14, 2013 metro vancouver new Condo Guide 93


P r o j e c t T Y P E

c o n ta c t

Connect LR 778.395.1886 Edge LR 778.395.7704 G3 Residences HR 604.453.6688 Latis LR 604.575.0669 Latitude LR 604.596.5075 Lumina LR 604.760.7672 Manarola LR 604.825.1038 Monterosso LR 604.596.8828 Park Avenue HR 604.233.7748 Park Central LR 604.817.5852 Park Place HR 604.583.9866 Quattro LR 604.581.8000 Ultra at West Village TH/HR 604.588.6999 Verve LR 604.588.3783 Wave HR 604.951.9283 CLOVERDALE Esplanade at Waterstone LR 604.530.5399 Latis LR 604.575.0669 One92 LR 604.576.1772 Salix LR 604.530.0054

PricE

P r o j e c t T Y P E

From $118,800 Call Call From $194,900 From $264,900 From $249,900 From $179,900 Incl. GST From $249,900 250 Homes Under $250 From $289,900 Call From $159,900 From $186,900 From $160’s Phase 2 Coming Soon From $219,900 From $194,900 From $169,900 From $229,900

VANCOUVER & AREA DOWNTOWN

999 Seymour Alexandra Central Fairmont Pacific Rim Estates Keefer 188 Keefer Block Maddox Mark, The Modern One Pacific Pacific Pt. Ritz, The Rolston, The Sapphire, The

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

604.879.9996 604.899.8800 604.687.4353 604.781.4303 604.620.2018 604.682.8813 604-669-8200 604.687.4353 amacon.com 604.899.8800 604.685.0855 604.876.9222 604.688.8927 604.876.9222

From $327,400 From $839,900 Call Call From $239,900 From $269,900 $389,900 Call From $300’s Coming Soon From $349,900 From $829,900 Call From $699,900

EAST SIDE

238 W Broadway 2nd & Commercial Alba Block One Bohème Charm Evan Local Main Street Majestic On Main Shine

LR LR LR HR LR LR MR LR LR LR MR

238westbroadway.ca Call 604.800.8862 From $269,900 604.251.2522 From $327,000 604.682.8801 Call 604.569.3388 From $227,900 604.330.8838 From $266,900 604.872.0331 From $269,900 604.688.5527 From $349,900 604.877.1116 From $339,900 604.657.5362 From $347,500 604.261.3936 Coming Soon Penthouse (PH)

Live Work (LW)

City Home (CH)

Shoreline Skyway Wall Centre 900 Hastings Wall Centre Central Park

LR HR MR HR

c o n ta c t

604.434.2205 604.436.1100 604.683.0900 604.874.9232

PricE

From $379,900 Call From $249,900 From $299,900

WEST SIDE

700 West 8th HR 5555 Dunbar LR 6 & Fir HR Academy HR Arbutus Ridge MR Cambie & 7th HR/TH Collection 45 LR Elizabeth LR James MR Kits360 LR Lido HR Maynards Block, The LR MC2 HR Meccanica HR Opsal HR Pinnacle Living Broadway MR Pinnacle Living False Creek MR Prelude MR Radius Riley, The LR Sail LR Shannon Wall Centre Kerrisdale LR Sixth and Willow The Village on False Creek HR Westerly, The LR Yu MR

604.714.2213 604.568.7551 604.899.8858 604.228.8895 604.738.0001 604.568.5060 604.569.1555 604.877.1722 604.675.1000 604.737.0360 604.872.2672 604.893.8378 604.638.9998 604.876.8819 604.876.7332 604.739.2080 604.874.8368 604.616.7008 ledmac.com/radius 604.616.7008 604.221.8878 604.267.8882 sixthandwillow.com 604.733.2010 604.558.3399 604.827.3488

From $819,900 Call From $449,900 From $498,000 Call Call Call Call From $424,900 From $379,900 From $458,900 From $262,900 From $259,000 From $324,900 Call From $429,900 From $369,900 Call Coming Soon From $384,000 Call Call Coming Soon From $390,500 From $300,000’s From $452,400

tsawwassen

Tsawwassen Springs

SF/LR

604.948.HOME

Call

604.922.0330 604.836.7355

Call From $490,000

604.531.6659 604.531.9030 604.535.9655 604.536.1663 604.535.1451 778.545.8737 604.582.1336 604-538-8028 ledmac.com/saltaire 604.538.3237

From $288,900 From $339,900 From $229,900 Call From $259,000 Call From $269,900 From $339,000 Call Call

WEST VANCOUVER

Evelyn Galleries on the Bay

LR LR

WHITE ROCK / SOUTH SURREY

Adagio Avra Edgewater Gemini Headwaters Heights, The Morgan Crossing Royce Saltaire Sausalito High Rise (HR)

Mid Rise (MR)

LR HR LR LR LR LR LR LR LR LR Low Rise (LR)

Loft (LO)

New homes available throughout

www.macmarketingsolutions.com Metro Vancouver & Calgary We sell the homes you want to buy. /MacMarketingSolutions 94 metro vancouver new Condo Guide may 31 - jun 14, 2013

@MAC_Marketing

/MACMSTube


unbeatable south main value 1 bedroom

2 bedroom

$268,800

$393,800

from

from

5% deposit for first-time homebuyers includes parking & storage

A boutique 6 storey concrete building with only 90 homes. Shine is at the heart of Vancouver’s South Main area - an emerging hub of design, art, cafÊs, restaurants and craft brewery culture. Shine offers stunning views of Downtown and the North Shore mountains and is located on a quiet residential street with easy access to SkyTrain.

Presentation Centre is located at 2152 Main Street open daily 12-5pm (closed Fridays) | 604 874 7478 | liveatshine.com

Prices are subject to change without prior notice. This is not an offering for sale. Any such offering can only be made with a disclosure statement. e.&o.e.


A MONTH

$999

OWN FOR JUST

ST

T

ORMIDALE ST

CENTRAL PARK

SS

NE

VA N

AV E

BURKE ST

E

S E E

511

620 709 818

511

495

548

495

A11

A3

A10

A3

A9

E

N 506 A3b NE 584 A6 E

953 954 1156

1 BR

W

481

A1b

1 BR+FLEX

1 BR+FLEX

WALLCENTRECENTRALPARK.COM

OPEN DAILY 12-5PM CLOSED FRIDAYS 604.874.9232

NOW SELLING AT BOUNDARY AND VANNESS

2603 N 506 A3b

2310

2 BR 1 BR+FLEX

1207 SW 646 B1a 1505 E 454 A5

1 BR+FLEX 1 BR+FLEX

1 BR+EB+FLEX

1 BR+FLEX

1 BR+FLEX

TYPE

2 BR+EB 1 BR+FLEX

1 BR+EB+FLEX

1 BR

1 BR+FLEX

1 BR+EB+FLEX

1 BR+FLEX

1 BR+EB+FLEX

1 BR+EB+FLEX

A4

TYPE 1 BR+FLEX

A4

525

525

A5 856

454

E

A3b

PLAN

855

506

N

VIEW AREA

653

UNIT

TOWER 2

B4 A7

S

318

588

448 A13

819 SE 764 1003 W 569

E

315

A7

PLAN

A4

E

309

569

520

W

VIEW AREA

303

UNIT

TOWER 1

$937

$922

$903

$948

$933

$1,048

$836

$1,111

MONTHLY

$963

$866

$926

MONTHLY

$985

$1,007

MANAGED BY

MARKETED BY

$286,900 $1,067

$270,900

$349,900 $1,301 $242,900 $903

$264,900

$254,900 $948 $283,900 $1,056

$258,900

$232,900

$248,900

PRICE

$393,900 $1,465 $298,900 $1,111

$251,900

$247,900

$242,900

$254,900

$250,900

$281,900

$224,900

$298,900

PRICE

HERE ARE SOME EXAMPLES OF THE INCREDIBLE VALUE

THE DEVELOPER RESERVES THE RIGHT TO MAKE CHANGES TO THE INFORMATION CONTAINED HEREIN WITHOUT NOTICE. MONTHLY MORTGAGE PAYMENTS ARE CALCULATED BASED ON PURCHASE WITH A 20% DEPOSIT AND A FIXED MORTGAGE RATE OF 3.55% WITH A 30-YEAR AMORTIZATION PERIOD. E.&O.E.

KINGSWAY

E YC JO

WE ARE PROUD TO SHOW THEM!

PRICES SO GOOD

GVRD’s MOST SUCCESSFUL COMMUNITY IS AT WALL CENTRE CENTRAL PARK

TENANT FOREVER?

DO YOU WANT TO BE A

BOUNDARY RD


BC New Condo Guide - May 31, 2013