Page 1

July 12 - 26, 2013 Volume 03 Issue 14

INSIDE THIS ISSUE

THE NEW FACE OF DOWNSIZING

REAL ESTATE INVESTING STILL MAKES SENSE

LISA CANNING’S FIVE TIPS FOR DECORATING SMALL SPACES


105 AVE

156 ST

154 ST

152 ST

104 AVE

100 AVE

JULY 12 - 26, 2013 METRO VANCOUVER NEW CONDO GUIDE 3


1 BEDROOM

S TA R T I N G F R O M

THE LO W $30 0 ’S *

2 BEDROOMS

S TA R T I N G F R O M

THE LO W $40 0 ’S *

EPIC RESPONSE OVER 65% SOLD G O L D E N

K E Y

E V E N T

Win

A F RE E H O M E *

AN UNPRECEDENTED GIFT *a b s o l u t e l y

J U L Y

1 3 T H

PRESENTATION CENTRE 6 0 0 M O U N TA I N H W Y, N O R T H VA N C O U V E R TR

AN

SC A

NA

K E I T H R OA D

n o p u r c h a s e n e c e s s a r y. o n e lu c k y w i n n e r

will receive this gift from

MOUNTAIN HWY

FOR COMPLETE CONTEST RULES GO TO

DA

HIG

HW

AY EXIT 22/22A

S

at s e y ly n n v i l l ag e .

R E G I S T E R O N L I N E A N D R E C E I V E Y O U R G O L D E N K E Y O N J U LY 1 3 TH

1 1 A M - 1 P M

MT SEYMOUR PKWY F E R N ST R E E T

I R O N WO R K E R S MEMORIAL BRIDGE

*The developer reserves the right to make changes and modifications. Prices are subject to change without notice. Free home contest subject to project commencement. E & O.E.


! G N NI E P O D ! N d ay o t A R ouver. Station) G N er Vanc Skytrain ED O UD L t C D in Grea eorge L E IN L O Y G EST S S best value xt to King LIF E T R M is the rey (ne ESO O R | H venue in Sur 0 000 , 0 e 0 A r k 2 ent $ 25 Par R nc ER E o i D t N ta OV S U se n E e r OM ur p Vi

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JULY 12 - 26, 2013 METRO VANCOUVER NEW CONDO GUIDE 5


Why live in a condo when you can have 3 levels from $284,900* PARKING PAD

DECK

BEDROOM LIVING

GARAGE

W/D LINEN

64 AVE

POWDER

60 AVE

KITCHEN

MASTER BEDROOM

DEN

WINDOW SEAT

WINDOW SEAT

LOWER FLOOR

62 AVE

152 ST

148 ST

ENSUITE

146 ST

DINING

MAIN FLOOR

UPPER FLOOR

fairborne.com Ashbury Hill is developed by Fairborne Panorama Homes Ltd. Pricing is subject to change without notice. Layouts and materials on floorplan are approximate and subject to change without notice. E.&O.E.

6 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013

SALES CENTRE #100–14833 61ST Ave (at 148TH St.) Panorama, Surrey Open 12-5pm daily (except Fridays)

604.953.1211 ashburyhill.com


BLISSFULLY PRIVATE PATIO HOMES BRING INDOOR LIVING OUTDOORS

SELECT YOUR HOME AND RECEIVE ORIZON’S ‘PERFECT PATIO’ PACKAGE* OFFER EXTENDED UNTIL JULY 31ST 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 July 31st, receive a ‘Perfect Patio’ Package* with the purchase of any new home at Orizon. Visit our sales centre for more details.

1 beds start from $309,900 2 beds start from $359,900

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

604.638.6240 ORIZONonTHIRD.com *Limited time offer until July 31st. 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.

JULY 12 - 26, 2013 METRO VANCOUVER NEW CONDO GUIDE 7


table of contents

July 12 – 26, 2013 volume 3 issue 14

16

GlassHOuse Lofts

You’ve been waiting for this 56

columns, news & features 012 Editor’s note Columns

026 Designer Tips Five tips for decorating small spaces by Lisa Canning

050 Mortgage Minute Why real estate investing still makes sense by Peter Kinch

056 c  ondo sense The new face of downsizing

by cameron mcneill

in the news

042 scotiabank Financial tips for thirty-somethings 044 BMO investorline Are you and your partner investing soulmates?

Homebuyers’ Help

060 Condo Watch Condominium homes to keep your eye on 061 Homebuyers’ resource section 064 l isting directory


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. Urban Flats starting from $394,900.


condo profileS

Vice-President, Wall2Wall Media

Jacqueline Hill Editor-In-Chief, National Real Estate

Susan Legge Director of Sales, Western Canada

28

Josh Heppner

The Varisty in Langley

Art Director

Sarah Jang

Gracious city living

Editor

by susan m boyce

Diane Duflot Contributing Editors

Sara Duck Wayne Karl Design Editor

Yanic Simard Account Executives

Dave Bird 604.319.7102 Brenda Everitt 604.319.7103 Sales Coordinator

28

Justin Salvador Ranee Pal (on leave) Production Manager

Bala Gnanapandithan Production Co-ordinator

Laura Northmore

Buyer Profile

Graphic Designer

Caroline Wassef National Account Manager, Mediative

38

Paul Slizys

RoYce In White Rock

Published By

Fairytale beginnings for Louise and Don

by susan m boyce

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

38

MAPS

014 Burnaby

040 North Shore

020 Surrey/Langley

046 Tri-Cities

034 S  outh Surrey/ White Rock

054 Vancouver

058 P  itt Meadows/ Maple Ridge

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


W H I T E R O C K ’ S BEST ADDRESS W H I T E R O C K ’ S BEST ADDRESS

Live without compromise. Stunning architecture, gorgeous kitchens and Live without compromise. Stunning architecture, gorgeous and high-end design; deluxe amenities and generous living – it’s allkitchens here at Avra. high-end design;bydeluxe amenities and generous livingjust – it’sminutes all hereaway at Avra. Be surrounded this vibrant flourishing community Be bythe thisheart vibrant flourishing community awaythe fromsurrounded the ocean in of the White Rock you knowjust andminutes love. Enjoy from the ocean in the heart of the White Rock youfinishings know andsuch love.as Enjoy the spacious, contemporary interiors with high-end Bosch spacious, interiorsand withover-height high-end finishings such as Bosch and Fishercontemporary & Paykel appliances floor to ceiling windows. and Fisher & Paykel appliances and over-height floor to ceiling windows.

MOVE IN TODAY! STARTING FROM $329,900* MOVESELLING IN TODAY! STARTING $329,900* HOMES NOW SPACIOUS 1, FROM 2 & 3 BEDROOM NOW 1, 2 & 3 BALCONIES BEDROOM HOMES 730 toSELLING 2,090 SQSPACIOUS FT + GENEROUS 730 to 2,090 SQ FT + GENEROUS BALCONIES

604 531 9030 | AVRALIVING.COM | AVRALIVING.COM 6SALES 0 4 5 3CENTRE: 1 9 0 3 0 1702 – 1455 George St, White Rock Open daily 12–5pm,1702 closed Thursday/Friday SALES CENTRE: – 1455 George St, White Rock Open daily 12–5pm, closed Thursday/Friday

* Prices subject to change without notice. This is not an offering for sale. Such offering can only be made by way of a disclosure statement. E.&O.E.


EDITOR’S NOTE

EVERY LITTLE BIT HELPS

Doing our part for the rebuild of Calgary

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

Thank you for picking up this issue of New Condo Guide. While Metro Vancouver continues to thrive and build new-home and new-condo communities, Calgary is busy rebuilding and is proud to be on the mend. We’ve gone beyond the pages of this magazine to offer our assistance. As a Wall2Wall Media publication, this publication is owned by Yellow Pages Group (YPG). Thinking outside the box, YPG has used its corporate resources to help Calgary’s flood relief efforts in several ways. In terms of media, YPG has donated online advertising space across all of Yellow Media properties to the Canadian Red Cross to promote their flood relief efforts. It has made a $25,000 contribution to the Canadian Red Cross directly at

redcross.ca. As well, YPG has created a portal to facilitate employee donations. In terms of a contribution of physical time and effort, 60 YPG staff have volunteered at Calgary drop-in centres and neighbourhood clean-up efforts. While efforts will continue in the postflood relief, we will keep bringing you the best of the real estate market across Canada. We hope you enjoy this issue and look forward to hearing from you.

DOWNSIZE YOUR SPACE Upsize your life

DIANE DUFLOT

EDITOR

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

12 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013

When my family moved to Vancouver from Ottawa, it was definitely a downsize. Often, people downsize when their kids move out of home, but we had a nine-month-old at home, so getting rid of all our kids’ stuff wasn’t an option. We said “goodbye” to the comfy sectional that had lived in our rec room in Ottawa (no rec room here!) and various other odds and ends that wouldn’t fit into our North Van home, but there was so much stuff that we couldn’t get rid of: clothes that our son had yet to grow into, heaps of toys, and all the various enormous paraphernalia that accompany a tiny baby (parents, you understand: Pack ’n’ Play, ExerSaucer, Swing, Bouncy Seat, etc., etc.). A serious focus on organization post-move was required, and I pulled out all the stops: vacuum-seal bags in large storage containers stowed away all those baby

clothes, as well as unused linens; labelled baskets on shelving units kept everything but the bare necessities out-of-sight yet easy-to-find. We also did a serious purge and let go of all the things that we were holding onto “just in case” we might need them. The end result? A streamlined space that makes me happy. Space planning is not solely the territory of downsizers, I now realize. It pays for us all to keep our homes organized, however big or small they might be. And although our Vancouver home is smaller than our Ottawa home, the move from Ottawa to Vancouver was ultimately no downsize. With everything Vancouver has to offer, I’d say we’ve upsized our life, and this is confirmed every time I step onto our deck and see our magnificent view of downtown or sit on our front porch to take in the views of Grouse Mountain.


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

BARNET MARINE PARK

ED

GA GL

R

AR

SQUINT LAKE PARK

U

DI

ROYAL OAK AVE

WILLINGDON AVE

RD

AY IW

A2

LOUGHEED MALL

CA N

B3. DOMINION

68 Sixth Street 604.525.8980

B4. ELLIOT ST

336 Columbia Street 604.524.8080 Belmont & 6th Street 604.522.2583

AD AW AY

DEER LAKE PARK

DEER LAKE

DE

O

QUEEN’S PARK

E AV B4 L B3 YA RO

B1

DUNCAN ST

ST E AV

DE

EN

A2. BLOOM

A4. AVIARA

EN

RW

A3. P  ADDINGTONEWMEWS BOUNDARY RD

RI

ROYAL OAK AVE

CB

DS

AY NW

A1. REFLECTIONS

AY TW

4927 Kingsway 604.438.9922

1710 Gilmore Avenue 604.291.9130

Sales Centre #101 - 618 Langside Avenue 604.939.8808

M

ST

YD BO

107 - 7090 Edmonds St. 604.525.8496

E AV

S

E WAY

BURNABY

AR

B2TEW

ST

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R

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ST

DR

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IN

BRAID ST

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6T

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TH 10

TH 10

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IMPERIAL ST

NELSON AVE

210 Slater Street 604.520.9890

B5. VICEROY

KI NA3 GS WA METROTOWN Y PATTERSON AVE

B2. GLASS HOUSE LOFTS

BURNABY LAKE REGIONAL PARK

GILLEY AVE

BOUNDARY RD

E

AUSTIN AVE

GR

SE MARINE DR

DR

Lougheed Hwy

SPROTT ST

OAKL AN

CENTRAL PARK

ITY

A GL GA

BROADWAY

49TH AVE

RS

WA Y

BURNABY MOUNTAIN GOLF COURSE

BCIT

E N IV

RD

EYS TON

18 Begbie Street 604.523.0081

A7

KE

GR

B1. NORTHBANK

W

SFU

CLIFF AVE

BRENTWOOD MALL

UN IVE RSITY DR

AR

SPERLING AVE

A4

HOLDOM AVE

WILLINGDON AVE

HASTINGS ST

Barnet Hwy

NORTH RD CL

INL ET

DR

CONFEDERATION PARK

BURNABY MOUNTAIN PARK

14 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013

Aug.17 2012

7.625”x1.625”

Ledingham McAllister

CMYK

CG Banner Ad Redesign

Legacy Sans

A5. C  ENTREBLOCK AT UNIVERCITY libertyhomes.ca


BURNABY/NEW WESTMINSTER

JULY 12 - 26, 2013 METRO VANCOUVER NEW CONDO GUIDE 15


cover story

glasshouse lofts you’ve been waiting for this // by Susan M Boyce You’re unique. You know what you want in a home and

what you want is something different. No cookie cutter, boxy condo for you. You want a home with character and pizzazz. Introducing Glasshouse Lofts in New Westminster — refreshingly distinct and boasting a dramatic style unlike anything else in the neighbourhood. In fact, according to David Wan, Aragon’s director of marketing and sales, the Glasshouse Lofts are “homes you really do need to experience to believe” — which turns out to be classic understatement. Celebrate All Life’s Events David opens the door to the first suite and I step into… a different world. Clearly this is a home that celebrates a joyful marriage of flexibility and sophisticated beauty. It also takes open-concept living to a new level. Along one side of the main living area, an über-urban fireplace appears to float in a reclaimed brick feature wall that soars almost 11 feet to the top of the vaulted ceiling. Along the opposite wall, there’s a kitchen I suspect many foodies would describe as “officially to die for” — top-of-the-line stainless steel appliances, curved glass hood fan, quartz counters, 16 metro vancouver new Condo Guide july 12 - 26, 2013

gallery-style spot lighting, massive centre island with eating bar, even a full height pantry wall. Between, there’s space — lots and lots of it — creating an airy sense of flow and efficiency. “We’ve designed these homes so they have an almost chameleon-like flexibility to adapt to a wide variety of changing situations from entertaining to working at home to just relaxing,” David says. No kidding. I estimate it would take about five minutes to transform from the inviting at home with family and friends ambiance into full on “let’s party” mode. Just push furnishings to the sides and voilà, a private dance floor. Innovative Design Still, there’s even more to this home than meets the eye. David pushes lightly on an industrial-inspired barn door in the hallway and the master bedroom is revealed. What makes this sleeping space so unique is the bank of interior windows overlooking the great room. Another gentle push, and they fold almost invisibly against the wall. “Even when they’re closed for privacy, you have plenty of natural light,” David says. “Or you can have them open and feel totally connected to the outside view.”


“We’ve designed these homes so they have an almost chameleon-like flexibility.” David Wan

Storage, I discover, is everywhere — tucked into unexpected niches under the stairs, as custom built-ins, and even as inserts between the studs. Across the hall, the second bedroom cleverly incorporates a half-height closet below yet another interior window. “This would be a great place for someone who wants to work from home,” David says. “After all, when you live in a neighbourhood like Port Royal, why would you want to be part of the morning commute?” Best of All Worlds And just when I think I’ve seen all Glasshouse Lofts’ surprises, David has one final innovation to show me — seven exclusive, two-storey penthouse homes. The main floor balconies of these homes look north across one of Port Royal’s interior parks rather than the river view of the suites downstairs. “But take a look up here,” he suggests, leading to a set of stairs beside the master bedroom. The open loft I find at the top of the stairs is impressive enough. Then I spot what appears to be another deck. On closer inspection, however, it’s far, far more than just another deck… it’s a private, south-facing, outdoor living room with gas fireplace, full outdoor kitchen, and room for eating, dining, and simply relaxing. And did I mention it also has views across the Fraser River? Well, now I have! “These homes really are the best of all worlds,” David says. “Views of the park and the river, skylights, exceptional finishings, plus proximity to transit, schools, and shopping. It just doesn’t get any better than this.” Agreed. Don’t Miss Out The Glasshouse Lofts presentation centre and display homes are open noon to 5 p.m. daily except Fridays at 210 Salter St. in New Westminster’s historic Queensborough neighbourhood. But you’d better hurry because only 67 of these loft homes are available, and once they’re gone, they’re gone for good. For more information visit aragon.ca or call 604.520.9890. july 12 - 26, 2013 metro vancouver new Condo Guide 17


BURNABY/NEW WESTMINSTER

Higher Living at UniverCity. There’s a new block coming to Burnaby Mountain. Featuring spacious apartments and townhomes next to vibrant shops and services, CentreBlock is your home in the heart of it all.

register online today at

libertyhomes.ca T h i s i s n ot a n of fe r i n g fo r s a l e. A ny s u c h of fe r i n g m ay o n l y b e m a d e w i t h a d i s c l o s u r e s t a te m e n t . E . & O. E .

18 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013

Coming this Fall


BURNABY/NEW WESTMINSTER

JULY 12 - 26, 2013 METRO VANCOUVER NEW CONDO GUIDE 19


SURREY | LANGLEY 116TH AVE

12 0T H

OR

RD

112ND AVE

108TH AVE

A9

104TH AVE

104TH AVE

Hw

y

A4 A1

88TH AVE

88TH AVE

BEAR CREEK PARK

208TH ST

192ND ST

10 RD

B3

A3

R

A7

LO VE

176TH ST

A12

WATERSHED PARK

64TH AVE 60TH AVE

61A

LANGLEY BYPASS

58TH AVE

56TH AVE

56TH AVE

Fra s

B4

er H

10

GR

SURREY

AD

ER

A6. ULTRA

A11. 3 CIVIC PLAZA

B1. RED MAPLE PARK

A2. LUXOR

A7. ESPLANADE AT WATERSTONE

A12. LATITUDE

B2. KENSINGTON

12039 64th Ave., Unit #104 604.590.8003

A3. SALIX

6477 - 196th Street 604.530.0054

A4. MANAROLA

8695 160th Street 604.825.1038

A5. VERVE

13913 Fraser Hwy. 604.588.3783

10345 133A St. 99 604.588.6999

64th & 19th 604.530.5399

A8. PARK AVE

100 Ave. & Whalley Blvd. 604.233.7748

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

A10. TEO

13864 Hyland Rd. 604.288.8981

104 Ave & 134 St 604.572.0064 14358 60th Ave. 604.596.5075

7938 209th Street 604.888.8699

20678 willoughby Town Centre Drive 604.427.3311

B3. ELEMENTS

20211 66th Ave. 604.533.7718

B4. VARSITY

200th Street & Fraser Highway 604.539.2200

B5. ATHENRY GATE 8312 Street 604.882.8857

B6. THE RIDGE AT BOSE FARM

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

20 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013

wy

D

LANGLEY

SERPENTINE FEN NATURE RESERVE

A1. ASCEND

15956 86A Ave. 604.596.2202

B1

72ND AVE

B6

64TH AVE

B2

G

A2

184TH ST

168TH ST

99a A10

200TH ST

80TH AVE

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

er

GOLDEN EARS BRIDGE

96TH AVE

RD

TYNEHEAD REGIONAL PARK

Fr as

GL OV ER

GREEN TIMBERS URBAN FOREST PARK

96TH AVE

232RD ST

A5 A8

216TH ST

S

Fr a

A11 A6

216TH ST

se r

W ay

ST

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$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.


SURREY/LANGLEY

m o roh* d e ont b m 3 a 99/ n $9 w o for

Proudly developed by

Buy today. MoVE in toMorroW! 2 & 3 bDRm cOnDOS from the $270’s Latitude homes are

big — 840 to 1,046 sq.ft. on a single level —

no stairs. With huge patios and fenced yards, plus an 8,000 sq.ft. private “central park” (including a community garden), you’ll have plenty of space to live, indoors and out.

Visit our Brand nEW sHoWHoME today: 144th & 60th Ave, Surrey | 604.596.5075 Open Daily 12–5pm (closed Fri)

takE a VidEo tour & ViEW our floor plans at:

portE.ca/latitudE *Restrictions apply. Visit our presentation centre for details. Sales by disclosure statement only, E&OE.

22 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013

spacious west panorama condos


SURREY/LANGLEY

GET A $10,000* CASH BONUS ON PHASE 3 HOMES THE ONLY LANGLEY CONDO COMMUNITY THAT HAS IT ALL! • • • •

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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.

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*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 phase 3 only until July 31/13. E.&O.E. Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca

JULY 12 - 26, 2013 METRO VANCOUVER NEW CONDO GUIDE 23


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$1

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SURREY/LANGLEY

Pr

OWN FOR AS LOW AS

$ 571 /MONTH*

A dazzling collection of 51 condominium homes designed by award winning Creekside Architects. Lcoated in the delightful Fleetwood “village” neighborhood… a vibrant, pedestrian friendly community with everything at your doorstep, excellent schools, proximity to great shopping, restaurants, major transportation routes and recreational facilities galore.

ONE BEDROOM STARTING (INCLUDE NET GST)

FROM

$179,900

For more information: 160 ST

604.825.1038 or visit our website at

FRASER H

www.manarolahomes.com Presentation Centre Address: #101, 8695 160 th Street, Surrey Open daily from 12-5 (Friday Closed)

162 ST

88 AVE

WY

DEVELOPED BY:

PIONEER G R O U P

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.

May 17 - 31, 2013 Volume 21 Issue 10

網上 參閱

July 12 - 26, 2013 Volume 03 Issue 14 五月十日至六月七日 / May 10 -Jun 7, 201 2013

Spacious Townhomes Starting at $326,900

Make it yours! Book a VIP appointment today!

liveatcanvas.com

INSIDE THIS ISSUE

WHAT CANADIANS LOOK FOR IN HOME LOCATION

SHOWHOME: LOTS TO LOVE AT SOUTHBROOKE

Q&A: ROB CHETNER ON NEW VACATION HOMES

INSIDE THIS ISSUE

THE NEW FACE OF DOWNSIZING

REAL ESTATE INVESTING STILL MAKES SENSE

LISA CANNING’S FIVE TIPS FOR DECORATING SMALL SPACES

meTRo VANCouVeR eDITIoN | FREE

May 10 - June 07, 2013 Volume 21 Issue 05

Metro Vancouver Edition April - MAy Ay 2013 Volume 12 Issue 02 A

CENTRALLY LOCATED IN BURNABY – AMAZING VALUE INCLUDING A VIEW

LOUGHEED VILLAGE

Good taste, bad taste:

designer Mila Djuras

has the low down

plus!

hot spRing trends

www.LOUGHEEDAPARTMENTS.ca www.LOUGHEED INSIDE THIS ISSUE

AVOID COMMON PACKING MISTAKES

SPRING HOPE FOOD DRIVE VANCOUVER GENEROSITY

Glass World The lATesT in BAThrooM design inspirATion

各式電子工具都可瀏覧

ChineseHomeGuide.com

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

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

• ATLANTIC CANADA • CALGARY • EDMONTON • MONTREAL • VANCOUVER • WINNIPEG 24 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013


SURREY/LANGLEY

Summer Savings SAVE $10,000 TO $15,000!

*

BUILDING 4 IS NOw 95% SOLD!

FOR THE MONTH OF JULY ONLY, PURCHASERS WILL RECEIVE $10,000 TO $15,000* OFF MOVE-IN-READY, TWO bEDROOM HOMES plus:

PRESENTATION CENTRE AND DISPLAY HOMES

• 1 Year Free Maintenance Fees • 6 Years Free Shaw Extreme High Speed Internet and Digital TV

WATERSTONELIVING.CA

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

604.530.5399

TOTAL COMBINED SAVINGS: $20,000 TO $30,000 AND YOU CAN MOVE IN TODAY! * Incentives can be changed or withdrawn without notice. Sales and marketing by Colliers International Residential Marketing. E&O.E. Please ask staff for details.

JULY 12 - 26, 2013 METRO VANCOUVER NEW CONDO GUIDE 25


designer tips

Five tips for decorating

// by lisa canning

small spaces translations of their most popular lines. And, of course, many condo-sized sofas can also be purchased with a sofa bed option to give you the flexibility of creating a guest room in your small space. TIP #2: USE CLEAR FURNITURE

Lisa Canning is a designer and owner of Lisa Canning Interiors. lisacanning.ca, 416.587.9780 photo by arnal photography

S

mall spaces are more and more common with the increase in condo living, and making these spaces work can be a challenge. With careful space planning and ingenious multi-functional products, you can have all the function and style you want in any square footage.

TIP #1: START WITH A CONDO-SIZED SOFA

The sofa is often a great place to start when planning a small space, as it usually takes up the largest area, and it is also the easiest piece to purchase incorrectly. A sofa that is too large in a given space can feel cumbersome. Conversely, a sofa that is too small can feel like dollhouse furniture. Luckily, many retailers make it easier to make the right choice by carrying apartmentsized, or condo-appropriate pieces, which are often smaller-scale 26 metro vancouver new Condo Guide july 12 - 26, 2013

What’s great about furniture made out of glass, or acrylic, is that it doesn’t take up much visual space. A ghost chair or a waterfall table will give you an instant modern update and provide great function while keeping the space feeling light. In condos that have gorgeous large windows, place pieces that are clear directly in front, since they won’t obstruct the view. TIP #3: WALL-MOUNTED LIGHTING

A layered lighting plan is something I always recommend to clients, but in a small space this approach is especially advantageous. Rather than opting for a floor lamp with mass and weight that takes up floor area, choose sconces to give you ambient lighting while saving space. I love the architectural detail sconces provide and often use them on either end of a gallery wall or sofa. TIP #4: WORK WITH PIECES THAT ARE MULTI-FUNCTIONAL

In a space that might be too small for a home office, or a formal dining room, I have some great innovative products to share. The first is the Functional Coffee Table from BoConcept. At first glance, it looks like a sleek, minimal coffee table. But with an easy lift, it reveals a desk-height table and ample storage. Storage will always be an issue in small spaces, so anything that will serve a function and provide storage is a great addition. Another incredible product on the market is the Lacuna table by VNO Designs. This innovative product begins as a piece of customizable art on the wall. With the release of a latch, the art piece lowers to reveal a concealed leg and becomes a dining table for five. For people who don’t formally entertain often, or for those living in really limited space, this is a unique space-saving solution. TIP #5: WORK WITH SMART STORAGE SYSTEMS

Great interior storage is just as important as using multi-functional storage. Drawer dividers, shelf dividers and small storage boxes are great tools to use to increase your storage space. The more levels you can create within a drawer, the more items can be stored and easily found. I love using small, stackable, acrylic storage compartments to divide my drawers. Style doesn’t stop at the exterior of a piece — allow your furniture to function at its best by investing in interior organization.


SURREY/LANGLEY

-IN E OV M

IS H T

LL A F

*

Summer Sizzling - July Only! Save $10,000* on all Condo’s Save $15,000* on all City Homes $2,000* DOWN GETS YOU STARTED OWN FROM $684* PER MONTH You can build your deposit while we build your home! This allows you to pay your deposit in staggered installments until the day you move in. Ask about our Summer Sizzling program and save up to $15,000*, it’s never been easier to get into homeownership. Talk to us and we’ll go over your options. Ascend gives you the space you asked for, in a neighbourhood you already love at a price you can afford! Live within Walking Distance of everything and kiss your landlord goodbye from just $211,347 including net sales tax!

liveatascend.com 604.596.2202 8655 160 St. Surrey BC Open Daily Noon–5pm (Closed Thursdays and Fridays)

*Prices and incentives are subject to change or be withdrawn without notice. Prices quoted include net sales tax for owner/occupier only. Payments quoted based on current prices and incentives being deducted, a 20% down payment, 30 year amortization at 2.70% over a 3 year variable term. Interest rate valid as of June 27, 2013. Offered by a partnership financial institution available OAC. The Summer Sizzling program is $10,000 incentive on all remaining condos or $15,000 om remaining City Homes until July 31, 2013. Don’t miss out! E&O.E. Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca

JULY 12 - 26, 2013 METRO VANCOUVER NEW CONDO GUIDE 27


condo profile

The Varsity in Langley Gracious city living

r

// By Diane Duflot

edekop Kroeker Development Inc.’s latest project, Varsity at the Park in Langley, is set to continue the company’s tradition of quality workmanship, long-term value and exceptional service. Sandy Pastorek, sales representative at Varsity at the Park, sees Redekop Kroeker’s reputation as the project’s strongest selling point. She stands behind their “longstanding reputation for quality product that’s delivered on time” and adds that “they deliver what’s promised, when it’s promised.” The Place to Be

Lucky residents will be able to enjoy over 500 shops and restaurants at nearby Fraser Crossing, Langley Mall, or Willowbrook Shopping Centre in the morning and head out on a country road for farm-fresh produce and wine tastings at nearby vineyards in the afternoon. Sandy raves that Varsity’s location “offers the best of city convenience and tranquil park living.” It has all the convenience of city living with country R ‘n’ R a quick drive away. Its proximity to the new Golden Ears Bridge makes accessing the many great locations in the Lower Mainland a breeze. Not only does Varsity back onto a beautiful park, but recreation centres, golf courses and other greenspaces are also nearby, as well as the many shops, restaurants and gyms that are within an easy walk. No wonder Langley is known as “The Place to Be.” Bright and airy

Sandy again praises the developers when we discuss the quality of the finishes they have provided for buyers. “They’ve made sure to provide the extra details that make a home special,” she says. Over-sized windows let in plenty of natural light and a sophisticated mix of natural materials keep the overall feeling bright 28 metro vancouver new Condo Guide july 12 - 26, 2013

and airy. There are five-and-a-halfinch-wide plank floors in the entrances, kitchens and living rooms and ther is soft carpet underfoot in the bedrooms. The kitchens feature alder shaker frame and panel door cabinets, granite countertops, under cabinet puck lighting, soft-close cabinets and drawers, ceramic tile backsplashes, stainless-steel appliances. The bathrooms are lush places to relax with rich marble countertops in the main and granite countertops in the ensuite. Bathrooms also feature soft motion-sensor under-cabinet lighting, shaker frame and panel cabinetry, chrome fixtures and ceramic tile floors. The homes are entertainment ready, with spacious open-concept living, dining and kitchen areas indoors, and balconies with barbecue hookups outside. Many two-bedroom suites also feature an extra room for guests, which will certainly prove very convenient for those who entertain out-of-towners. Get ’em while they’re hot!

It’s no surprise that with details like these, these homes are moving fast. The third phase will be ready this fall with eight move-in-ready homes available now in the second phase. Get ’em while they’re hot! Varsity at the Park’s Sales Centre is located at 20060 Fraser Hwy. in Langley and is open daily noon to 5 p.m., except Fridays, or by appointment. For more information, please call 604.539.2200 or visit liveatvarsity.com.


SURREY/LANGLEY

VISIT VARSITY TODAY & YOU WILL BE ENTERED INTO A WEEKLY CONTEST TO WIN A TARGET GIFT CERTIFICATE!

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. There is one draw per week for a Target gift certificate, you must register to be entered.

JULY 12 - 26, 2013 METRO VANCOUVER NEW CONDO GUIDE 29


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

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

For online bookings go to www.plaza-network.com/booking/FlightInfo.aspx?ECONREF=W2W2013


SURREY/LANGLEY

R ! DE ION N U CT U W NO STR N CO

Come together in the heart of Willoughby Visit our fully furnished 2 Bed, 2 Bath + Den display suite. 1 Bedroom, 1+Den, 2 Bedroom, 2+Den 660 - 1360 sq.ft. Condominiums Priced from $199,900 This beautiful collection of condominium homes places you at the centre of the walkable, urban community of Willoughby Town Centre at 208th St./80th Ave. With RBC, Noma Sushi, Sassy Nail Salon and Your Independent Grocer now open, Kensington is the place where you can easily get all that you need, right outside your front door. Shoppers Drug Mart and many others coming soon.

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

208th St.

Willoughby Town Centre

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

JULY 12 - 26, 2013 METRO VANCOUVER NEW CONDO GUIDE 31


SURREY/LANGLEY

CO

121 YEARS IN THE MAKING A collection of bold new Country Condos at historic Bose Farms. Country views. Modern luxuries. Your piece of the heartland.

REGISTER NOW TheRidgeAtBoseFarms.com 64th Avenue between 160 & 164 Street, Surrey

604.888.5514

This is not an offering for sale. E.&O.E.

32 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013

MI

NG

SO

ON


HELD OVER! SAVINGS UP TO $20,000! UNIT

REGULAR PRICE

1 WEEK ONLY

SAVINGS!

202 2 Bedroom

$249,900

$229,900

$20,000

108

1 Bedroom

$208,500

$189,900

$18,600

311

2 Bedroom, Den

$314,900

$294,900

$20,000

THE ATHENRY GATE DIFFERENCE... Mountain views, 4 year low strata guaranteed, superior sound proofing and quality built with a reputation you can trust!

ONLY 5 3 SUITES!

VISIT OUR BOUTIQUE PRESENTATION CENTRE 8312 208 STREET, LANGLEY

Marketed by Solon Bucholtz 778-995-7467

Open Mon-Thurs 12PM - 6PM | Sat-Sun 12PM - 5PM 604.882.8857 | info@athenrygate.com | www.athenrygate.com May 28, 2013. Prices, incentives and availability are subject to change without notice. All prices exclude Tax. This is not an offering for sale, any offer must be made with a disclosure statement E & O.E.


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

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168TH ST

16TH AVE 160TH ST

148TH ST

152ND ST

140TH ST

128TH ST

3

6

MA R

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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

34 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 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

The Summit House at Morgan Crossing has suites with dazzling mountain views. From the North Shore Mountains, through to Golden Ears and all the way around to Mount Baker. Year-round these rocky beauties will enchant you. Or perhaps staring out on a calm lush oasis is more your style. The Summit House has suites that look out on the Rooftop Plaza, over an acre of blossoming outdoor space complete with a BBQ, sunning area and community garden. The Summit House is the final opportunity to own at Morgan Crossing, a walkable urban village in the heart of South Surrey. Visit us today and experience Village life for yourself!

2 BEDROOM 828 SQFT SUITES FROM $279,900 INCLUDING GST* Size (s.f)/Type

View

Winter Price incl. GST

Summer Price incl. GST

YOUR SAVINGS

828 / 2 BED

Mountain

$329,171

$279,900*

$49,271

828 / 2 BED

Courtyard

$316,547

$284,900*

$31,647

856 / 2 BED

Mountain

$343,899

$298,900*

$44,999

828/ 2 BED

4th flr Mountain

$360,731

$304,900*

$55,831

LEARN MORE ABOUT THE SUMMIT HOUSE Visit the Real Estate Presentation Centre! Open daily (except Fridays) noon - 5pm #314-15850 26th Avenue, South Surrey MORGANCROSSING.CA

|

604.582.1336

DEVELOPED BY Sales + Marketing by *Pricing deadline July 31st, 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.

JULY 12 - 26, 2013 METRO VANCOUVER NEW CONDO GUIDE 35


SOUTH SURREY/WHITE ROCK

36 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013


SOUTH SURREY/WHITE ROCK

TA K E T I M E T O D I S C O V E R YOUR INNER CHEF

50 EXCLUSIVE CONDOMINIUM HOMES

Now Selling

THIS IS YOUR TIME W H AT E V E R T H E B E S T T H I N G S I N L I F E A R E F O R Y O U , ADAGIO FRAMES THESE EXPERIENCES. WITH THE DESIGN A N D C R A F T S M A N S H I P O N LY H O M E S B Y B O F F O C A N A C H I E V E . W E ’ V E B E E N O B S E S S I N G O V E R T H E D E TA I L S F O R M O R E T H A N 4 0 Y E A R S S O T H AT Y O U C A N R E L A X A N D ENJOY YOUR NEW HOME.

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

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

JULY 12 - 26, 2013 METRO VANCOUVER NEW CONDO GUIDE 37


buyer profile

Louise and Don at Royce Fairytale beginnings // by Susan M Boyce

l

ouise is the first person to admit her upcoming move to Royce in White Rock feels a bit like a fairytale come true. “My husband and I had been away on vacation, and when we came back I stopped in at the presentation centre just because I was curious,” she says. “I had absolutely no thought of buying. But here I was on a beautiful sunny day in a beautiful showhome, and suddenly I had this wonderful feeling that I could actually see myself living here.” Over the next few days, she brought people she respected to see the display suite — her realtor, close friends, and, of course, her husband, Don. “We’ve lived the same house for 27 years now, and I kept thinking someone would tell me I was out of my mind to consider moving to a condo,” she says with a twinkle in her eye. No one did.

38 metro vancouver new Condo Guide july 12 - 26, 2013

Next, Louise made a book of photos documenting everything she considers special or important about her home — the open living room, generously sized and functional kitchen, laundry room with space for sorting and folding, even her view and patio. “When I took it in to Sal, the sales manager, I told her ‘this is how we live, these are the things I need to have.’ Sal looked it over and told me ‘yes, we can do all this for you.’ And here we’ll even have a covered deck so I can use it year round — something we can’t do now.” Home for Life Sealing the deal were Royce’s larger than average suites. “Don and I have so many different interests. We each need our own space, so a three-bedroom was a must,” Louise says. “And because we bought early, we were able to make a few changes like changing closet doors to create more wall space and adding a shoe closet at the front entryway. Nothing structural, just little things to make it us.” Although it will be over a year until Royce is finished, Louise considers the extra time a gift. “I collect things,” she admits. “Downsizing is going to be tough. But the carrot at the end of the stick is that it’s going to be so lovely when we move in. I keep going back and taking measurements.” She smiles. “My whole life, good things have always happened like just this, in an instant. I believe if you keep open to opportunities, things happen. You know when you’re making the right decision. This was definitely the right decision.” For information about Royce in White Rock, visit royceliving.com or call 604.538.8028.


ROOM TO ENTERTAIN.

THE MOST COVETED ADDRESS IN WHITE ROCK. The luxurious residences at Royce provide a lifestyle that few can rival. An exclusive enclave of 1,2 and 3 bedroom residences located in the ocean-side community of White Rock, Royce offers spacious, singlelevel living with designer finishes and chef quality appliances. At Royce, there’s room for everything but compromise!

1 Bed & Dens

from $332,300

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

2 Bed

from $457,300

2 Bed & Den

from $528,300

Our stunning designer display suite is open and ready to take your breath away. We look forward to seeing you.

3 Bedrooms

from $702,300

EVERALL

152ND ST.

N. BLUFF/16TH AVE.

OXFORD

ROYCELIVING.COM

Penthouse & Terrace Homes

THRIFT

®

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

from $1,229,300

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.


RO SS RD

NM

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Sea To

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NORTH SHORE | SQUAMISH | WHISTLER DEPOT RD

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40 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013

ST

A3. T  HE PRESCOTT

A7. NORTHLANDS

A4. ORIZON

A8. CANYON SPRINGS

CH E

SQUAMISH

C

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A6. S  EYLYNN VILLAGE

 onsdale & Third Ave L 604.638.6240

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

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A7

KEITH RD E

A2. REMIX

13th & Lonsdale 604.969.3333

99

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MT SEYMOUR PKY

A5. 1  5 WEST

#103 - 735 West 15th St 604.924.4488

FINCH DR

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LYNN CANYON PARK

A8

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

LOGGERS LN

QU E E NS WAY

BRENNAN PA R K

R LA

N

RD

 5th just off Lonsdale 1 604.980.9949

604.980.5000 www.seylynn.ca

 300 Mt Seymour Parkway 3 604.800.2120 canyonsprings@polyhomes.com 604.871.4126

A9. T  HE SHORES R RY

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Presentation Centre 238 Fell Ave 604-980-0016

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CENTENNIAL WAY

MAGEE ST

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MAMQUAM RD

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TH B

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DEMPSAY RD

LONSDALE AVE

DR

LIGHTHOUSE PARK

DALE R D

SD AL EA VE

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CH IPPE N

CAPILANO RIVER REGIONAL PARK

PERTH DR

MAR

RD

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CYPRESS FALLS PARK

15TH ST

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21ST ST

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CYPRESS

25TH ST

RUN

CYPRESS BOWL RD

EAG LE

NORTH SHORE

Hwy


ONLY 5 PENTHOUSE HOMES REMAIN

*HOT TUB INCLUDED!

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. Penthouse 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


IN THE NEWS

TYING THE KNOT? BUYING A HOME? STARTING A FAMILY? Scotiabank’s financial tips for thirty-somethings SCOTIABANK OFFERS FINANCIAL ADVICE

for Canadians as they transition into the next phase of adult life: 1) Tying the knot? It doesn’t sound romantic, but when you get married, you’re also marrying your finances, taking on assets and in some cases, debt. To avoid problems down the line, we suggest you have the “financial talk” with your significant other to learn about their savings and investing style. If one of you is more willing to take risks and the other is more cautious, it’s important to have that understanding going into the marriage. As well, if one of you carries debt — whether it be student loans or otherwise, both partners need to be aware of this in order to come up with a financial plan to pay it off. 2) Leaving Renting Life Behind? According to a Scotiabank poll, almost 6 in 10 Canadians in their thirties (58 per cent) own their home. Owning a house or condo can be one of the biggest and best investments you will make. We know that while rates are important, reducing the length of the mortgage can really pay off. Seek out a financial expert for advice on picking the right mortgage for you and to put a plan in place to own your home as quickly as possible without significant impact to your everyday life. 3) Starting a family? Kids can be wonderful…and also expensive. Having a monthly budget is key to maintaining 42 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013

financial control with your expanding family. There are simple and free online tools parents can use to keep track of where their money goes each month. As well, using products that help you save or earn rewards on your everyday spending can help you build a savings fund for things like birthday parties, buying school supplies or a new pair of sneakers. For long term planning, consider contributing to a Registered Education Savings Program. “People in their thirties are balancing a lot of things in life financially, whether paying off student loans, buying a first home, starting a family, or in some cases a combination of all three,” says Mike Henry, Scotiabank senior vice president and head of Retail Payments, Deposits and Lending. “It’s worth meeting with a financial advisor who can help map out a financial plan to get you to where you want to be in the next five years and beyond.” About the polling data — Scotiabank Mortgage Landscape Study: Using Harris/ Decima’s proprietary panel of Canadians, a total of 1,000 completed surveys were collected from a random sample of panel members across Canada. The study was conducted from February 14 to 25, 2013. Subsequent to completion of the study, the data was weighted by region, age, and gender proportionate to the population of homeowners. To qualify, respondents must currently own their primary residence. For more information please visit www.scotiabank.com.


*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 .


IN THE NEWS

Are you and your partner

INVESTING SOULMATES? WEDDING SEASON IS IN FULL SWING AND COUPLES

SHARING AND RISK TOLERANCE

need to have the “financial talk” before they take their vows, according to BMO InvestorLine. “Finances can be one of the most common sources of disagreement among couples and a difference of opinion on money matters can affect everything — from a couple’s household budget, to their retirement investments,” says Cesar Rainusso, vice-president, BMO InvestorLine. “Ensure you and your new spouse have a ‘prosperous’ financial future by having an open dialogue early on that addresses these financial concerns and how, together, you can turn ‘my money’ into ‘our money’.”

Couples often decide to share an investment portfolio; however, when it comes to risk tolerance many partners do not match up. One partner may be a more aggressive investor, investing primarily in risky investments that offer the potential for higher returns, while the other partner might prefer investments that are more likely to preserve principal, even if that means earning lower returns.

Couples may not always be a perfect match when it comes to their finances and investing strategies. Some situations include: SAVER VS. SPENDER

One partner tends to be a saver and makes regular contributions to savings accounts, including a retirement plan, and tries to invest any extra cash. The other may not have a financial plan and spends any extra money.

HELPFUL TIP A couple in this situation would be wise to talk about their financial situation and investing habits early on to prevent friction down the road. They can choose a realistic amount to invest each month towards their goals and set aside a separate amount to spend on themselves and each other. Compromising will ensure that savers have the financial security they desire, without leaving spenders feeling deprived of the things they enjoy.

44 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013 44 NEW CONDO GUIDE JUL 28 - AUG 25, 2012

HELPFUL TIP Diversifying a shared portfolio can help couples meet both investment styles. Selecting a mix of investments such as stocks, for higher returns, and more conservative options like bonds and cash, to insulate against market volatility, can provide couples with a strong portfolio that will meet their shared short-and-long term financial goals.

AGREE TO DISAGREE

There are a variety of strategies individuals employ that make them feel confident and comfortable with the growth of their investment portfolio. While many couples are able to meet in the middle and find something that works for both sides, sometimes a compromise cannot be reached when it comes to investment strategy, the asset mix in their portfolio and how it is managed.

HELPFUL TIP If partners are unable to agree, it may be more beneficial to create separate investment portfolios. With individual portfolios, each partner can be comfortable with his/her investments and how to best manage those assets.

For more information, visit bmoinvestorline.com


L IVE WH E RE YO U SHOP WH E RE YO U L IVE Only LOCAL ON LONDSDALE offers the convenience of having a 42,000 sq. ft. kitchen pantry downstairs at the brand new Loblaws City Market, an endless closet at Joe Fresh retail boutique, a fully stocked medicine cabinet at the new Medical Centre and countless local shops - right at your doorstep.

RETAIL STORE OPENING EVENT AT LOCAL! Come down July 20th from 12pm-5pm. We’re giving away reusable shopping bags and hosting a neighbourhood hot dog BBQ!* 604 998 0219 · localonlonsdale.com 1709 Lonsdale Ave., North Vancouver Open daily Noon to 5pm, closed Fridays

*Please see a sales representative for details. Information contained herein is subject to change without notice. E.&O.E.


LV D KW AY B

UB T EA PLA

COAST MERIDIAN RD

RIDGE PARK

ET R

EE

WA Y

PA R

LVD

COQUITLAM | PORT COQUITLAM | PORT MOODY | PITT MEADOWS

NE

DR

A5

Barnet Hwy

ST JOHNS ST

V

VICTORIA DR

LINCOLN AVE

COQUITLAM CENTRE

DEWDNEY TRUN K RD PRAIRIE AVE R

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FORD RD FRASER RIVER

COQUITLAM 608 Como Lake Ave. 604.936.9300

A2. BLOOM

Sales Centre #101 - 618 Langside Ave. 604.939.8808

DEWDNEY TRUNK RD

HARRIS RD

HAMMOND RD PITT MEADOWS AIRPORT

A1. EMERSON

123RD AVE

PORT COQUITLAM A3. BLUETREE HOMES AT MACKIN PARK

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* DOWN*

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eNDs sUNDaY, JUNe 30 mosaichomes.com

207TH ST

VE TE A

Lou

Hwy

AU G

MUNDY ST

A3

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ug

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MARI NE R WAY

MUNDY PARK

AUSTIN AVE

BR

Lo

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LD

ST

MA

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LINTON ST

SMITH AVE

COMO LAKE PARK

GATENSBURY ST

NORTH RD

CL

A4 A2 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

203RD ST

ROCKY POINT PARK

UN

R TO IC

S BONSON RD

y

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SHORELINE PARK

DAV ID A VE

TOWN CENTRE PARK

HARRIS RD

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COAST MERIDIAN RD

D

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t ne

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OR

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PI N

DAVID AVE IOC

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COQUITLAM/PORT COQUITLAM/PORT MOODY

CO

G N I M

N O O S

ULTIMATE FEATURES. ULTIMATE LIFESTYLE. Celadon House by Polygon is a limited collection of just 40 boutique apartment residences within the masterplanned neighbourhood of Windsor Gate. Enjoy access to Coquitlam’s city centre and surround yourself with urban comforts, transit, top-rated schools and vast green spaces ready to explore. Discover elevated features and amenities in a boutique apartment community. Register at 604.871.4189 polyhomes.com This is currently not an offering for sale. Any such offering may only be made with a disclosure statement. E.& O.E.

JULY 12 - 26, 2013 METRO VANCOUVER NEW CONDO GUIDE 47


COQUITLAM/PORT COQUITLAM/PORT MOODY

48 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013


COQUITLAM/PORT COQUITLAM/PORT MOODY

JULY 12 - 26, 2013 METRO VANCOUVER NEW CONDO GUIDE 49


the mortgage minute

// by peter kinch

Why real estate still makes investing sense You may have a variety of arguments or reasons to choose one vehicle over another, but here are four reasons why you may want to consider real estate as your investment vehicle of choice, along with one caution: 1 The power of leverage

Peter Kinch is an award-winning mortgage broker and best-selling author of The Canadian Real Estate Action Plan Visit peterkinch.com or contact him at peter@peterkinch.com

A

t various times during the year, you analyze finances, plan for the future and wonder where you can get the best return on your money. At tax season, for example, you’re inundated with multiple mutual fund companies promoting the tax advantages of parking your RSP money with them. You’ll wonder about the stock market and the ongoing global issues. You’ll start to look at hard assets such as gold or precious metals. And, of course, you’ll look at real estate. The hard question is, which vehicle will produce the best results? My answer to this question will always be the same: the action is dictated by the goal. First and foremost, it is important to understand that all of the above options are simply vehicles designed to accomplish an end result. The first step is to determine what that desired end result is and to ask yourself: Which vehicle will move me closer to that goal?

50 metro vancouver new Condo Guide july 12 - 26, 2013

Leverage is a tool that can work for you or against you, but there is no denying the fact that it is a very powerful tool. Let’s take the example of two investors sitting on $100,000 cash. ›› The first investor chooses to put his capital into either the stock market or precious metals. If he spends $100,000, he receives in return $100,000 in either stock or a precious metal asset. If his investment were to increase (perform) at a rate of 20 per cent over the course of a year (although I don’t presently know of any funds offering that return) his investment of $100,000 would produce a $20,000 return. ›› The  second investor chooses to use her $100,000 cash as a 20 per cent down payment and purchase a $500,000 property in an area that has good economic fundamentals and produces a positive cash flow every month. Let’s assume that this property increases by only five per cent over the course of the year. That would make the value of the property $525,000 — effectively a $25,000 increase in your asset value — not including the amount of debt reduction or positive cash flow over the course of the year. On the surface, the first investor had an investment that outperformed our real estate investor by four times, but actually made less money due to the fact that it wasn’t leveraged. That’s the power of leverage. The key is to understand that it can also go the other way — and that is why it's important to have a long-term strategy and to invest in areas with strong fundamentals and good cash flow. 2 Interest rates

Two keys to being able to develop a successful real estate portfolio are affordability and cash flow, and an underlying fundamental to both of these is the rate paid for borrowing money. The good news for Canadian investors in 2013 is that we still have low interest rates. Due to the ongoing global credit issues, the Bank of Canada (BoC) has indicated its intent to keep rates low through 2013. But it is important to note that the BoC can only influence the prime lending rate — which is used to determine your variable rate mortgage. It is important for consumers to remember that the fixed rates are governed by the bond market and that although the BoC has indicated it does not intend to increase the prime lending rate, this does not guarantee that long-term rates will not rise in the meantime. A return of money to the markets will cause a drop in bond pricing followed by an increase in the bond yield, which will result in an increase in long-term rates even if the BoC leaves prime unchanged. A further threat to low interest rates is that even though we will not likely see a rise in prime, we have already seen the disappearance of the discount on variable-rate


Two keys to being able to develop a successful real estate portfolio are affordability and cash flow, and an underlying fundamental to both of those is the rate you pay for borrowing money. mortgages. Due to a lack of liquidity in the global markets, the cost of borrowing has increased for lenders. As such, variable-rate mortgages are less profitable and they have cut back on the discounts they offer. The net result for borrowers is that the amount you pay on a variable mortgage is not as attractive as it was a year ago. Having said that, we need to be very clear that even without a discount, a prime lending rate at — or about — three per cent is ridiculously cheap and allows for great investment opportunities. There are multiple opportunities within the Canadian marketplace that can create positive cash flow as long as the interest rates are below four per cent. You can easily get a five-year term today well below four per cent, so the ability to get a cash-flowing property and lock that in for five years will be as good in 2013 as it has ever been. 3 seeking safe harbours

As the global fi nancial markets continue going through more drama than a daytime television show, the fallout is consumer angst resulting in low consumer confidence. When consumers lack confidence, they tend not to make big-ticket purchases. Since real estate is obviously a big-ticket item, this lack of confidence could result in a slight drop in market values. However, it is the exact same angst and fear that drive consumers to seek out safe harbours in a storm, placing their money in areas perceived as protected from the roller-coaster that the stock market has become. This is the reason we have seen records in the price of gold. Investors are speaking with their pocketbooks and saying loud and clear that they are losing confidence in the market and want a tangible asset that they can own and hold. What could be more tangible than real estate and if you were looking for a safe harbour in real estate, which country would you invest in? Canada has been seen globally as one of the few countries to have survived the last global recession relatively unscathed. In fact, our banking system and domestic economy have become the envy of the world.

to sell it. If you are purchasing investment real estate with a long-term buy-and-hold philosophy, and you have purchased in an area that gives you positive cash flow, then you don’t need to worry about the hype in the headlines regarding property values. Just focus on letting your tenants pay off the mortgage over time and enjoy the cash flow when you have a free and clear asset. So, as you look at your fi nancial options for the year, ask yourself fi rst and foremost: What results do I need from my investments? Then analyze your options in the context of your goals. If you choose real estate, simply stick to the fundamentals, take action while others worry over headlines, take advantage of low rates and use leverage wisely. Invest, don’t speculate, and both you and your children will be glad you did in the years to come. Happy investing!

4 sound economic fundamentals

Regardless of where you buy real estate, you should make your purchase based on sound economic fundamentals. There is no such thing as a Canadian real estate market — it is regional. You can have solid fundamentals in one town, while another within 100 kilometres could have an economy based solely on exports to the U.S. I expect the U.S. to be hit harder by the fallout in Europe, but that will impact only regional Canadian economies that depend on trade with the U.S. Although we are still largely an export-dependent country, there are a lot of regional pockets that have a strong domestic economy and are expected to grow in spite of global issues. Look for strong GDP growth, followed by strong employment numbers, which in turn bring a strong tenant base. A strong tenant base, combined with low interest rates, creates the opportunity for positive cash-flowing properties. And if the property flows cash in good times and in bad, you need not worry about potential for values to fall or bubbles to burst. The value of your property the day after you buy it is irrelevant until the day you go july 12 - 26, 2013 metro vancouver new condo guide 51


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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

RIN

R

QUEEN ELIZABETH PARK

8. RADIUS

2. KITS360

9. MECCANICA

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Main Street & 8th 604.569.1555

5. ARBUTUS RIDGE 16th Ave & Arbutus 604.738.0001

6. 5555 DUNBAR 5555 Dunbar 604.568.7551

7. SAIL

108 - 3479 Westbrook 604.221.8878

54 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013

10

NG

E 12TH AVE

SW AY

E 33RD AVE

MAIN ST

OAK ST

RI

SW

1. 188 KEEFER

4. COLLECTION 45

KI

E 29TH AVE

13

3

E 41ST AVE

W 70TH AVE

Boundry Road & Kingsway 604.874.9232

E BROADWAY

W 41ST AVE

W 57TH AVE

1777 West 7th Ave 604.737.0360

E BROADWAY

W 12TH AVE

W 49TH AVE

188 Keefer 604.620.2018

COMMERCIAL DR

4

W BROADWAY

E 1ST AVE

E KING EDWARD AVE

6 ED

W 6TH AVE

4th Ave. & Fir 604.731.5522

First & Quebec 604.876.8819

King Edward & Main 604.877.1116

11. MADDOX

Howe & Drake 604.669.8200

12. KEEFER BLOCK Keefer St & Main St 604.682.8813

13. TRIO

4338 Commercial St Presentation Centre 768 Kingsway St 604.879.8989

MA

NE

E 49TH AVE

DR

SE MARIN E

14. ROLSTON

Presentation Centre: 140 - 1265 Granville Street 604.688.8927

15. SHINE

289 East 6th Avenue 604.261.3936

16. LIDO

Presentation Centre 830 Hastings 604.872.2672

DR

BOUNDARY RD

MA

AVE

VICTORIA DR

SW

8

INAL

15

KNIGHT ST

W KING EDWARD AVE

PACIFIC SPIRIT PARK

DUNBAR ST

L AL

7

9

MAIN ST

KM

W 16TH AVE5

6T

W1

2 W BROADWAY

TE R M

14

CAMBIE ST

OO

VE HA

CORNWALL AVE

VENABLES ST

1

OAK ST

W 10TH AVE

REY RD

BURRARD ST

ALMA ST

W 4TH AVE

11

GRANVILLE ST

POINT G

JERICHO BEACH PARK

LVD

BR ST WE

UBC

E DR

LLOR B

ARBUTUS ST

NCE

MCDONALD ST

AR IN

CHA

12

RENFREW ST

16 E HASTINGS ST

BURRARD INLET NW M


CONDO SENSE

// BY CAMERON MCNEILL

THE NEW FACE OF DOWNSIZING

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

“d

ownsizing” used to be a negative word, loaded with the implications of aging, children leaving the nest and parting with favourite possessions. These days, we’re meeting more and more buyers who are looking forward to downsizing, excited by the freedom and flexibility that it will afford their lifestyle. By selling the home that worked best for their family, they’re finally able to buy the home that works best for themselves. Downsizing has many benefits: Selling a larger home can unlock equity that can be used to shore up your savings, lead to travel plans, and invest in your hobbies. It often means the ability to ‘upsize’ the standard and quality of your life such as choosing a central location closer to everyday

56 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013

amenities, doing less maintenance or just enjoying a brand new home with upscale features and the peace-of-mind that comes with a warranty. While the prospect of life in your new dream home is exciting, we know it can also be daunting and we recommend taking the time to plan out your move. It’s less intimidating if you start the conversation early and take it step-by-step. Determine what your priorities are — proximity to amenities, room for adult children, or a large patio to dabble in your gardening hobby. Meet with a decorator or planner who specializes in downsizing and de-cluttering. They can help you with the process including determining what your true priorities are as well actually moving things out. Meeting with a mortgage broker may help you understand the financial implications of this transition. Finally, choose a Realtor that you like and trust, who will scour the market with your special priorities in mind. Savvy developers are designing homes geared towards the specific needs of the downsizing buyer. Arbutus Ridge by Cressey Development Group has been embraced by buyers who wish to remain in the coveted Westside neighbourhood, close to family and friends and who value the larger sizes, larger patios, larger bedrooms and side-byside washer and dryer. Additionally, Avra by Epta Properties in White Rock also boasts a very central and walkable location that downsizers want to be in and value details like higher ceilings, large windows and the 24-hour live-in caretaker. Downsizing is a positive life change that many are choosing to make earlier instead of later in life. We are seeing more and more people at our presentation centres embracing the transition and thinking about how to make it a positive life change.


Published by

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NEWCONDOGUIDE.COM


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

2. EDGE ON EDGE 12075 Edge Street 604.466.8783

3. PARC VUE

22245 Lougheed Hwy. 604.467.8884

4. 223 NORTH

#101 - 22318 Lougheed Hwy. 604.463.0588

58 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013

JAC KS O

ed

ghe

Lou

N

DR MACLU RE

240TH ST

OTTAWA ST

PITT MEADOWS | MAPLE RIDGE


PITT MEADOWS/MAPLE RIDGE

JULY 12 - 26, 2013 METRO VANCOUVER NEW CONDO GUIDE 59


condo watch

Concert in False Creek: Vancouver

Canyon Springs: North Vancouver

On the Street: 95 East 1st St.

On the Street: 2519 Mountain Hwy.

On the Web: concertinfalsecreek.com

On the Web: polyhomes.com

Here’s some good news if you’re looking for a new condominium home in Southeast False Creek: Concert Properties is now accepting priority registration for their newest addition to Vancouver living. Information is still limited, but this is definitely one to keep your eye on, as it’s one of the last chances you’ll have to purchase a brand new home on the waterfront in this engaging neighbourhood.

Info: 604.871.4126

Highlights:

Condo market watch Condominium homes to keep your eye on

Empire at QE Park: Vancouver On the Street: Cambie opposite QE Park On the Web: EmpireQE.com Info: 604.687.8800 Highlights: A delightful opportunity to purchase a one-, two-, or three-bedroom home overlooking one of Vancouver’s loveliest parks. Brought to you by Intergulf, these homes feature stunning, panoramic views of the park, cityscape and North Shore Mountains, as well as luxuriously appointed finishings. Don’t miss this chance to own a prestigious Westside address. Priority registration is now available online.

Beacon: North Vancouver On the Street: 600 Mountain Hwy. On the Web: seylynn.ca Info: 604.980.5000 Highlights: The first of three towers that will ultimately introduce almost 800 condominium homes to North Vancouver’s Lower Lynn Valley neighbourhood, Beacon is now selling. This 24-storey residence is part of the Seylynn Village master-planned community and offers an astonishing 16 individual floorplans ranging from one- to three-bedroom plus den. Three select penthouses with two bedrooms and den also available. Conveniently located on a 5.5-acre site with exceptional access to Capilano University, the freeway, shopping, and the diverse outdoor recreation North Van is famous for. When complete, Seylynn Village will include a village centre, greenways, bike paths and a pedestrian-friendly network of urban trails. Hurry though, because this initial offering was over half sold on opening weekend. Priced from the low $300,000s.

Highlights: A spectacular location in the heart of Lynn Valley gives this new collection of apartment residences easy access to all the best the North Shore has to offer. These one-, two-, and threebedroom homes feature eye-catching, West Coast urban architecture. Inside, you’ll find open living spaces and sophisticated design details including smooth stone counters, laminate wood flooring, custom cabinetry and sleek, stainless steel appliances. Just steps to the Lynn Valley Library and Shopping Village, and only minutes from outdoor recreation, schools (including Capilano University) and the freeway. Easy transit access too.

Trump International Hotel & Tower Vancouver: Downtown Vancouver On the Web: trumpvancouver.com Highlights: Laying claim to being Vancouver’s most anticipated hotel and residence development, Trump Tower is a $360 million, 63-storey highrise featuring a dramatic and totally unique, twisting tower originally envisioned by the late Arthur Erickson. When complete, this downtown Vancouver tower will be home to luxury residences ranging from 644 to 2,117 sq. ft., plus exclusive penthouses of up to 4,400 sq. ft. An equally opulent hotel component will also be included. PS: even a visit to the website is going to be unlike anything you’ve seen before, so get set to be wowed.

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.

60 metro vancouver new Condo Guide july 12 - 26, 2013


homebuyers’ help

condo buyers’

resource section

You love the condo, see what you can afford! Calculate your mortgage payments using the mortgage payment calculation chart

july 12 - 26, 2013 metro vancouver new Condo Guide 61


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.

62 metro vancouver new Condo Guide july 12 - 26, 2013

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.


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 july 12 - 26, 2013 metro vancouver new Condo Guide 63


BRITISH COLUMBIA’S

NEW CONDO DEVELOPMENTS PROJ ECT

TYPE

C O N TA C T

PRICE

PROJ ECT

LR LR LR HR LR

604.854.1201 604.746.3496 604.557.1047 604.746.1551 604.850.3694

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

604.456.8883 604.291.9130 libertyhomes.ca 778.331.0348 604.288.7394 604.320.3386 liveatburnabyheights.com 604.899.8800 604.435.9477 604.435.9477 604.435.8866 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 604.294.3339 veniceliving.ca 604.970.9606 604.874.9232

From Mid $200’s Call Coming Soon From $209,900 Coming Soon Call Coming Soon From $351,500 Call From $439,900 From $495,900 From $293,900 Call From $274,900 From $239,900 Call Call From Low $300’s From $249,900 Call From $249,900 From $470,000’s Coming Soon From $259,900 From $299,000

ABBOTSFORD

Abacus Uptown Brooklyn Lift Mahogany at Mill Lake Waterleaf BURNABY

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

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

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

TYPE

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 From $599,900 From $291,900 Call From $199,900 Call From $289,900

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 HR

604.377.9630 604.694.1188 604.523.0733

Call Coming Soon Call

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

SF/LR/TH LR

604.824.5062 1.800.830.7175

Call From $184,900

604.472.1123 604.931.0302 604.939.8808 604.942.8416 ledmac.com/charland

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

COQUITLAM

1123 Westwood Austin Bloom Celadon House Charland

HR HR LR/TH LR 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 Carlyle at Victoria Hill High Rise (HR)

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 64 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013

Mid Rise (MR)


all tax

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

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

PROJ ECT

Dominion HR 604.525.8980 Call From $218,900 Duo at Port Royal LR 604.520.9890 Elliot St HR 604.524.8080 From $224,900 Glass House Lofts LR 604.520.9890 Call Grove, The LR 604.523.0733 Call Northbank HR 604.523.0081 From $266,000 Parkside HR 604.523.0733 Call Trapp & Holbrook HR 604.525.0223 From $299,900 Viceroy LR 604.522.2583 From $321,900 NORTH VANCOUVER

15 West HR 604.980.9949 From $340,000 LR Coming Soon 221 East 3rd LR/LW 604.984.0700 From $299,000 700 Marine Drive HR 604.988.8800 From $200,000’s Anchor MR/TH 604.983.9065 Call Atrium at the Pier Canyon Springs LR 604.871.4126 Coming Soon MR 604.929.8870 Call Capstone LR 604.929.1915 From $289,900 Destiny 2 at Raven Woods Drive, The LR 604.986.8138 Call Kimpton, The LR 604.988.3020 From $359,900 Landing, The MR 604.983.9065 Call Local on Lonsdale HR/LR/TH 604.998.0219 From $309,900 Maplewood North LR 604.727.1594 From $378,900 Northlands LR 604.800.2120 From $244,900 LR 604.638.6240 From $309,900 Orizon MR 604.983.9065 Call Pinnacle Residences at the Pier Prescott, The HR 604.969.3333 From Mid $200’s LR 604.924.4488 Call Remix HR seylynn.ca Coming Soon Seylynn Vilage LR 604.924.5595 From $299,900 Versatile Building, The LR HR LR

778.846.3200 604.460.8998 604.460.6601

Call Call From $134,900

LR LR LR LR LR HR

LR LR

604.468.8252 604.464.4764

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

604.274.7326 Call 604-231-0588 From $298,800 778-297-6222 From $298,800 604.276.0677 Call 604.244.7721 From $379,900 604.270.8305 From $389,900 604.233.7748 From $252,800 604.244.8333 From $296,000 604.271.3331 From $254,900 604.278.3939 From $288,800 604.233.1687 From $299,900 604.233.7748 From $288,900 604.278.8883 From $299,900 604.303.7575 From $464,900 604.278.8838 Call 604.231.5900 Call 604.274.7326 Call 604.279.8866 From $211,900 604.278.8838 Call 604.282.7838 From $299,900 604.247.8885 Call 604.233.2633 Call 604.233.2633 Call 604.270.2482 Call

Aqua Elaho University Heights

TH/LR TH LR

1.877.344.5566 604.898.2232 1.888.852.7575

From $239,000 Coming Soon Call

SURREY

PORT COQUITLAM

Avanti Burleigh Walk Carmandy La Vie Orchid Shaughnessy, The

South Verde Valorie on the Park

SQUAMISH / WHISTLER

PITT MEADOWS

Cedar Downs Solaris at Meadows Gate Liv42

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

604.468.2707 604.464.5856 604.435.9477 604.475.5100 604.866.4206 604.468.8252 Penthouse (PH)

Call From low $199,900 From $209,900 Coming Soon From $149,900 Call Live Work (LW)

City Home (CH)

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

Mid Rise (MR)

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

3civicplaza.ca Coming Soon 604.596.2202 From $170’s 778.565.3879 Call tiensher.com Coming Soon 604.580.4199 From $186,900 778.395.1886 From $118,800 778.395.7704 Call

Loft (LO)

JULY 12 - 26, 2013 METRO VANCOUVER NEW CONDO GUIDE 65


PROJ ECT

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

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 604.583.9866 Park Central LR 604.817.5852 Park Place HR 604.583.9866 LR 604.581.8000 Quattro 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 LR 604.530.0054 Salix

PROJ ECT

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 From $327,400 604.899.8800 From $869,900 604.687.4353 Call 604.781.4303 Call 604.620.2018 From $239,900 604.682.8813 From $269,900 604-669-8200 $389,900 604.687.4353 Call amacon.com From $300’s 604.899.8800 Coming Soon 604.685.0855 From $349,900 604.876.9222 From $829,900 604.688.8927 Call 604.876.9222 From $699,900

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

WEST SIDE

700 West 8th HR 5555 Dunbar LR 6 & Fir HR Academy HR MR Arbutus Ridge HR/TH Cambie & 7th Collection 45 LR Elizabeth LR MR James 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 HR The Village on False Creek LR Westerly, The Yu MR

604.714.2213 From $819,900 604.568.7551 Call 604.899.8858 From $449,900 604.228.8895 From $488,000 604.738.0001 Call 604.568.5060 Call 604.569.1555 Call 604.877.1722 Call 604.675.1000 From $424,900 604.737.0360 From $379,900 604.872.2672 From $458,900 604.893.8378 From $262,900 604.638.9998 From $259,000 604.876.8819 From $394,900 604.876.7332 Call 604.739.2080 From $429,900 604.874.8368 From $369,900 778.986.7860 Call ledmac.com/radius Coming Soon 604.616.7008 From $347,500 604.221.8878 Call 604.267.8882 Call sixthandwillow.com Coming Soon 604.733.2010 From $390,500 604.558.3399 From $300,000’s 604.827.3488 From $452,400

TSAWWASSEN

Tsawwassen Springs

SF/LR

604.948.HOME

Call

WEST VANCOUVER

Evelyn Galleries on the Bay

LR LR

604.922.0330 Call 604.836.7355 From $490,000

EAST SIDE

238 W Broadway 2nd & Commercial Block One Bohème Charm Evan Local Main Street Majestic On Main Shine Shoreline Skyway Wall Centre 900 Hastings Wall Centre Central Park

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

238westbroadway.ca Call 604.800.8862 From $269,900 604.682.8801 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 604.434.2205 From $399,900 604.436.1100 Call 604.683.0900 From $249,900 604.874.9232 From $299,900 Penthouse (PH)

Live Work (LW)

City Home (CH)

WHITE ROCK / SOUTH SURREY

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

Mid Rise (MR)

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

604.531.6659 From $288,900 604.531.9030 From $319,900 604.535.9655 From $229,900 604.536.1663 Call 604.535.1451 From $259,000 778.545.8737 Call 604.871.4125 Coming Soon 604.582.1336 From $279,900 604-538-8028 From $339,000 ledmac.com/saltaire Call 604.538.3237 Call 604.364.7455 From $299,900

Loft (LO)

New homes available throughout

www.macmarketingsolutions.com Metro Vancouver & Calgary We sell the homes you want to buy. /MacMarketingSolutions 66 METRO VANCOUVER NEW CONDO GUIDE JULY 12 - 26, 2013

@MAC_Marketing

/MACMSTube


IN THE MARKET FOR A

NEW HOUSE

OR A CONDO?

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A MONTH

$999

OWN FOR JUST

ST

T

ORMIDALE ST

CENTRAL PARK

SS

NE

VA N

AV E

BURKE ST

E

S E

S E SE

315

318 511

620 709 819

E 454 A5 N 506 A3b NE

855 953 954

1 BR+FLEX

$1,465

$921

$903

$948

$933

$1,048

$1,056

$866 $948

$940

$926

$1,193

MONTHLY

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

W

$1,007

MANAGED BY

MARKETED BY

$286,900 $1,067

$270,900

481

$283,900

$232,900 $254,900

$252,900

$248,900

$320,900

PRICE

$246,900 $918 $298,900 $1,111

$393,900

$247,900

$242,900

$254,900

$250,900

$281,900

$298,900 $1,111

$932

MONTHLY

2310

1 BR+FLEX

1 BR+FLEX 1 BR+FLEX

1 BR+FLEX

1 BR+FLEX

2 BR

TYPE

1 BR+FLEX 1 BR+FLEX

2 BR+EB

1 BR

1 BR+FLEX

1 BR+EB+FLEX

1 BR+FLEX

1 BR+EB+FLEX

PRICE $250,900

635 A12 1 BR+D+FLEX $333,900 $1,242 454 A5 1 BR+FLEX $242,900 $903

A6

TYPE 1 BR+FLEX

1057 E 1505 E

584

A3b

N

853

506

N 506 A3b

B10

653

620

E

VIEW AREA

205

UNIT

PLAN

A3 A7

820 S 495 1003 W 569

TOWER 2

B4

A11

A3

A10

A3

A9

A7

A1a

PLAN

764

511

495

548

495

588

W 569

303

473

W

VIEW AREA

301

UNIT

TOWER 1

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

VANCOUVER IS AT WALL CENTRE CENTRAL PARK!

300+ FAMILIES AGREE THAT THE BEST VALUE IN ALL OF METRO

TENANT FOREVER?

DO YOU WANT TO BE A

BOUNDARY RD

BC New Condo Guide - July 12, 2013  

A Wall2Wall Publication

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