Jul 26 - Aug 9, 2013 Volume 03 Issue 15
r’s couve t n a V o transi etr n M o e — c ZA esiden C PLA tel + r o h 3 CIVI m remiu only p
INSIDE THIS ISSUE
BMO: 1ST ANNIVERSARY OF MORTGAGE RULES
3CP New Condo Guide Cover 2013-08.indd 1
CAMERON MCNEILL: PRESALE OR MOVE-IN READY?
LISA CANNING: MAXIMIZE YOUR DESIGN BUDGET
2013-07-16 5:25 PM
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 All prices, promotions and incentives are subject to change and can be withdrawn at any time.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.
JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 3
4 METRO VANCOUVER NEW CONDO GUIDE JUL 26 - AUG 9, 2013
table of contents
July 26 – August 9, 2013 volume 3 issue 15
3 Civic Plaza Surrey’s urban future
columns, news & features 010 Editor’s note Columns
022 Q uick Tips Organize your home this summer by Helen Buttigieg
030 Mortgage Minute Separating fact from fiction for first time buyers by Peter Kinch
034 Designer Advice Maximize Your Budget by Lisa Canning
045 COndo Sense Buying presale vs. move-in ready
by cameron McNeill
in the news
056 B MO report First anniversary of new mortgage rules
011 Condo market Watch Condominium homes to keep your eye on
062 Homebuyers’ resource section 064 l isting directory
026 S outh Surrey/ White Rock 032 North Shore 038 Vancouver 044 Richmond 048 Burnaby 052 Tri-Cities 058 P itt Meadows/ Maple Ridge
BORN IN NEW YORK. REFINED BY CRESSEY.
EAST 1ST AVE
Pricing subject to change without notice. E.&O.E.
If you live in the city, you need a home designed for the city. At Meccanica by Cressey, find one that offers air conditioning for hot summer nights. A big, bright, south-facing entertaining space and nine-foot ceilings. Views over a landscaped courtyard. A quiet, tucked-away bedroom. Plus, clever storage solutions everywhere you look. Gorgeous one-bedroom homes with everything you’ll need to adore city living. From $394,900.
Showroom and Two Designer Showsuites 104 East 1st Ave, Vancouver Open Daily 12 – 5 PM (Closed Friday).
Introducing the New York-Inspired Urban Flat
EAST 1STVANCOUVER AVE JUL 26 - AUG 9, 2013 METRO NEW CONDO GUIDE 7
Vice-president, wall2wall media
editor-in-chief, national real estate
Susan Legge Director of sales, western canada
Sarah Jang editor
Diane Duflot contributing editors
Sara Duck Wayne Karl Design editor
river park place
Dave bird 604.319.7102 brenda everitt 604.319.7103
by Diane DuFlot
mthree By cressey
Above the rest
Justin Salvador Ranee Pal production manager
by susan boyce
Laura Northmore Graphic Designer
Hot location, cool homes
national account manager, mediative
by susan boyce
Paul Slizys PUBLISHED BY
Wall2Wall Media is a Trademark of Yellow Pages Group Co. in Canada.
Q&a with Payam imani shine in vancouver
Where art and home intersect
by susan m boyce
4180 Lougheed Highway Suite 102 Burnaby BC V5C 6A7 T. 604.519.6080 F. 604.519.6088
Call 604.519.6080 for 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.
The views and data expressed by columnists do not necessarily represent those of the publication.
THE AGREEMENT OF PURCHASE AND SALE
“Get it in writing” before you sign on the dotted line
Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge Like us on facebook search: Condo Guide
Buying a brand-new home or condo offers an opportunity to get the home you really want. It can be a dream come true and an investment for the future, but don’t forget, it’s also a legal transaction. The phrase “get it in writing” has never been more important in the case of the new-home or condo purchase, since it outlines everything your new place will have in, on and around it. Otherwise known as the Agreement of Purchase and Sale, the contract spells out the terms between you and your developer and/or builder. Without it, if there is a misunderstanding or disagreement, it’s impossible to prove what was agreed upon. Since building a new condo or home is much more complicated than a resale transaction where the property likely already exists, there is no set Agreement
of Purchase and Sale or standard contract for buying a new home. In some provinces, builders may have standard contracts prepared by the local home builders’ association or their new-home warranty program. Builders often prepare their own agreements so contracts can vary from one developer to another and from province to province. Before you sign a contract, review it carefully with the representative your buying from and ask questions to make sure you fully understand what’s in it. Your next step is to then take it to a real estate lawyer and have it reviewed. Once it is signed, it becomes a legal document, so seeking the services of an experienced lawyer is an important step toward ensuring that your dream home becomes a reality.look forward to hearing from you.
Or temporary adjustment to new mortgage rules?
Wall2Wall Media Diane.Duflot@wall2wallmedia.com Follow me on Twitter at Twitter.com/DianeDuflotW2W
There is, as always it seems, some debate about the rise and fall of the price of real estate in the Vancouver market. Although some see a recent lowering of prices as an indication that the bubble has burst in our market, many experts attribute the change to last year’s change in mortgage rules, which this issue’s BMO report on the first anniversary of the new mortgage rules points out includes “reducing the maximum amortization to 25 years from 30 years and lowering the amount of equity that can be borrowed against a home from 85 per cent to 80 per cent of the property’s value.” The majority seems to believe that this is a small blip in a generally positive turn. It seems, to me, undeniable that the need to build new
10 METRO VANCOUVER NEW CONDO GUIDE JUL 26 - AUG 9, 2013
residential properties will continue to grow alongside Vancouver’s everincreasing population. Supply has by no means eclipsed demand in our city, and the developments that continue to contribute to our city are a boon to homebuyers, who have come to expect the very best. Developers are keenly aware of these expectations and continue to outdo themselves when in comes to the quality of design and the extent of luxury features attached to their projects. There really is something for everyone in Vancouver’s housing market, and at New Condo Guide we’re happy to set homebuyers off on the right foot, whether they are buying their first home or the home they plan on retiring in.
5555 Dunbar: Vancouver On the Street: 5555 Dunbar On the Web: 5555dunbar.com Info: 604.568.7551 Highlights: Now
Condo market watch Condominium homes to keep your eye on
reconfigured with larger-than-average suites, this is one of the first condominiums to be built in the Dunbar neighbourhood for many years. A four-storey, mixed-used building offering one-, two- and three-bedrooms floorplans in addition to garden homes and penthouses, 5555 Dunbar’s upscale features include hardwood flooring, quartz counters, and nine-ft. ceilings. Don’t miss this rare opportunity to enjoy an active, urban village lifestyle with easy access to golf, great schools, plus hiking/ biking trails.
located in Gastown. Offering a total of 61 homes with floorplans ranging from one-bedroom to two and den, as well as a limited collection of loft-suites, InGastown is also surprisingly affordable. Prices start at $269,900 and more than 60 per cent of all suites are below $300,000. Even better, thanks to a strategic partnership with VanCity, all you need to secure a home is two per cent down — that’s $6,000 on a $300,000 home. The remaining three per cent down payment can be financed over the period till completion — typically $300 to $500 per month. Great chance for first time buyers, but anyone can take advantage of this opportunity. Fremont Village: Port Coquitlam
The Anchor: North Vancouver
On the Street: Lougheed Hwy. just west
On the Street: 131 East 3rd St.
Alexandra Court: Richmond
On the Web: TheAnchorLiving.com
of the Pitt River On the Web: fremontvillage.ca
On the Street: Odlin St. between No. 4 Rd. and Garden City On the Web: polyhomes.com
urban apartment residences in Richmond’s highly sought-after Alexandra Gardens neighbourhood. Brought to you by Polygon, Alexandra Court puts you just steps from a multitude of fabulous stores, eateries and recreational venues. Or hop on the Canada Line to downtown Vancouver. Features include a lush courtyard with sparkling water features, on-site security manager, air conditioning and nine-foot ceiling in your suite. Ownership also includes access to The Alexandra Club, a 12,000-sq.-ft., residents-only clubhouse with outdoor swimming pool and whirlpool, indoor gymnasium, yoga and fitness studios, plus fireside entertainment lounge with billiard table. Priority registration now accepted online.
in the vibrant Lower Lonsdale neighbourhood, The Anchor will introduce 61 suites ranging from junior one-bedroom to three-bedroom to North Vancouver. Priced from the mid $200,000s, this seven-storey, boutique building features concrete construction, luxurious finishings, and a roof-top patio/ deck with views across the Vancouver cityscape and harbour. Fresh local produce at Lonsdale Quay, a cosmopolitan dining scene that stretches for blocks right outside your door, plus a 12-minute commute to downtown Vancouver via the SeaBus are all part of The Anchor lifestyle.
to keep your eye on if you love the PoCo lifestyle. The City has approved two multi-residential towers offering over 600 units to complement a brand new Power Centre with over 650,000 sq. ft. of retail. Anchored by WalMart and Canadian Tire, there will also be an anticipated 100,000 sq. ft. of fashion, home accessories and restaurants focused around a central, outdoor plaza. Pedestrian-friendly and highly walkable, this new village-style master-planned community is designed so you can live, work, and play right at home. Brought to you by Onni.
InGastown: Vancouver On the Street: 150 East Cordova Presentation Centre: 328 West 2nd Ave. On the Web: InGastown.com Info: 604.568.0228 Highlights: A
rare opportunity to purchase a brand new condominium truly
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 firstname.lastname@example.org, and we’ll do our best to get it in the next edition.
jul 26 - aug 9, 2013 metro vancouver new Condo Guide 11
SURREY | LANGLEY 116TH AVE
12 0T H
TYNEHEAD REGIONAL PARK
GOLDEN EARS BRIDGE
BEAR CREEK PARK
64TH AVE 60TH AVE
A11. 3 CIVIC PLAZA
B1. RED MAPLE PARK
A7. ESPLANADE AT WATERSTONE
12039 64th Ave., Unit #104 604.590.8003
6477 - 196th Street 604.530.0054
8695 160th Street 604.825.1038
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. THE RIDGE AT BOSE FARM 64th and between 160th and 164th St 604-888-5514
12 METRO VANCOUVER NEW CONDO GUIDE JUL 26 - AUG 9, 2013
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
20211 66th Ave. 604.533.7718
200th Street & Fraser Highway 604.539.2200
B5. ATHENRY GATE 8312 Street 604.882.8857
SERPENTINE FEN NATURE RESERVE
15956 86A Ave. 604.596.2202
King George Blvd
GREEN TIMBERS URBAN FOREST PARK
GL OV ER
N VE OS
Metro Vancouver’s only premium hotel + residence on transit
CENTRAL CITY SHOPPING CENTRE
CITY CENTRE LIBRARY
THE NEW CITY HALL
SURREY CENTRAL SKYTRAIN
PRIDE OF OWNERSHIP n Custom millwork + built-in wardrobes n 9-foot ceilings n Gourmet kitchens n Hotel amenity package + fitness centre n Geothermal cooling + heating
OUR BUYERS AGREE n Distinctive hotel-inspired homes n Exceptional value — low strata fees n Best views — all homes from floors 15 to 50 n Premiere location in Surrey — Canada’s fastest growing city
PRESENTATION CENTRE NOw OPEN
10277 KING GEORGE BLVD n 604.951.3331 *Prices are exclusive of taxes. Marketing and Sales by Colliers International Residential Marketing. E.&O.E.
JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 13
3 CIVIC PLAZA SURREY’S URBAN FUTURE // BY SUSAN M BOYCE
A further testament to homebuyers’ belief in the Surrey City Centre neighbourhood is seen in the numbers. All five penthouses were sold in less than three months — the largest of them commanding a recordbreaking price in the neighbourhood of $1.289 million. David is quick to add, however, that while all 3 Civic Plaza homes feature the same high level of quality, a diverse selection of sizes, and prices, are still available. “We have homes from the low $200,000s right to $1 million. “The range is astonishing — there truly is something for everyone.” At the Heart of a New Urban Centre 3 Civic Plaza’s list of sophisticated, urban attributes is an impressive one. Not only is it Surrey’s first luxury an elegance or refinement of living, rich and superior in quality. Also, 3 Civic Plaza in Surrey’s dynamic City Centre neighbourhood. “Our idea to offer premium hotel quality homes at this one-of-a-kind location has been validated by the overwhelming response to our initial release in May,” says David Laulainen, director of communications and business development with Century Group. “A recent purchaser survey showed 75 per cent of buyers are end users who plan to call 3 Civic Plaza their full-time home. Clearly the location combined with the quality and larger than average suites are resonating with people. One of our purchasers actually said it best: this is a fantastic opportunity to be part of the new Surrey.”
LUXURIOUS: (ADJ.) CONDUCIVE TO SUMPTUOUS LIVING,
14 METRO VANCOUVER NEW CONDO GUIDE JUL 26 - AUG 9, 2013
hotel and residences, but at 52 storeys, 3 Civic Plaza also lays claim to being the tallest residential building south of the Fraser River— and throughout Metro Vancouver, only Shangri-La is higher — and an iconic, third anchor point for Surrey’s brand new Civic Plaza. It’s also the Metro Vancouver’s only luxury hotel resident directly on a SkyTrain line — true hop-on-hop-off convenience located quite literally at your front door. In a dramatic departure from tradition, 3 Civic Plaza’s lobby will be an open, flowing extension of the plaza itself — a space that invites visitors and homeowners alike to pause for a spontaneous coffee, meet friends for dinner and drinks, or simply hang out and enjoy being part of a community that celebrates diversity. Visually anchoring the entire building, this unabashedly grand space will be open, airy, and filled with natural light and activity. Celebrate Your Community Inside, 3 Civic Plaza is pure 21st Century upscale: sleek modernist finishings, lavish use of granite, nine-ft. ceilings, international hotel-inspired ensuites. In short, everything you’d expect from a world-class hotel. But make no mistake, there’s already an engaging sense of community. “We’ve seen families and groups of friends come into the presentation centre together,” David says. “Last weekend, there was a mother and father who purchased a suite for their son, and then decided to buy one for themselves.” He grins. “Mind you, they did buy their suite on a different floor.” The village style ambiance, too, is capturing hearts. “Buyers of all ages tell us they appreciate knowing that no matter what time they decide to go for a walk or a late night snack, there will be people out and about,” David says.
Amazing Value And here’s yet another cool bonus. Because Century Group will own and operate the hotel themselves, services like housekeeping, concierge and room service are already in place for the hotel component. Translation: everyone who lives here will be able to access them on a fee-for-service basis. “So if you have unexpected guests and simply don’t feel like cleaning or cooking, you don’t even have to walk outside — just pick up the phone, make a call, and it’s all taken care of,” David says. Plus it means that while homes here are big, strata fees are expected to be 30 to 35 per cent lower than other buildings in the area. Sweet. Experience for Yourself 3 Civic Plaza offers 353 premium residences located just south of 104th Ave. on City Parkway (next to the Surrey Central SkyTrain Station) in Surrey. The 5,000-sq.-ft. presentation centre with two fully furnished display homes are open 1 – 6 p.m. Monday through Thursday and weekends noon to 5 p.m. (closed Fridays) at 10277 King George Blvd. For more information, visit 3CivicPlaza.ca or call 604.951.3331. JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 15
GST INCLUDED DURING SUMMER HOLIDAYS! Mortgage Subsidy Program Available. Get the lowest interest rates guaranteed!
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
FOLLOW US ON FACEBOOK @ Luxor Homes
LUXURY HOME COLLECTION GROUP
FOLLOW US ON TWITTER @ twitter.com/luxorliving
MARKETING AND SALES BY:
15 min. to YVR Airport & 15 min. to US Border
FURNISHED SHOW SUITE: 12039 - 64th Ave., Unit 104, Surrey Corner of Scott Rd & 64th Ave
Hwy. 99 R E A L E S TAT E M A R K E T I N G
To US Border
*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.
? e. t n her e ymet t a p ug
n o y w p o l d he
Proudly developed by
Buy today. MoVE in toMorroW!
spacious west panorama condos
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.
JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 17
w w w. m a n a r o l a h o m e s .c o m
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.
(INCLUDE NET GST)
For more information:
88 AVE 160 ST
604.825.1038 or visit our website at
www.manarolahomes.com Presentation Centre Address: #101, 8695 160 th Street, Surrey Open daily from 12-5 (Friday Closed)
ONE BEDROOM STARTING
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.
18 METRO VANCOUVER NEW CONDO GUIDE JUL 26 - AUG 9, 2013
OWN FOR AS LOW AS
$ 571 /MONTH*
-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
JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 19
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.
TheRidgeAtBoseFarms.com 64th Avenue between 160 & 164 Street, Surrey
This is not an offering for sale. E.&O.E.
20 METRO VANCOUVER NEW CONDO GUIDE JUL 26 - AUG 9, 2013
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
64th Avenue & 194 Street, Surrey 12 - 5pm (Closed Fridays)
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.
JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 21
// BY HELLEN BUTTIGIEG
ORGANIZE YOUR HOME THIS SUMMER
ummer is here — hurray! If you can learn to stay on top of cleaning and organizing your home, you’ll give yourself more time to enjoy the weather and your family and friends.
Hellen Buttigieg, CPO, is a Certified Professional Organizer, life coach, TV host and owner of We Organize U. Visit her website, WeOrganizeU.com, for a free e-Book on how to find more time, energy and inner peace. Contact Hellen at 905.829.2219 or info@WeOrganizeU.com
CHANGE THE SETTING If you can’t seem to get started when it comes to sorting through your piles of paper, gather them up in a box and take them outside. Choose a beautiful day, sit on your balcony, and go through them. Or take them to a friend’s house and keep each other company over a glass of iced tea as you each go over your paperwork. Changing the environment where you do your organizing may make it less of a chore. QUICK CLEAN-UP ROUTINE FOR THE WHOLE FAMILY Provide a personalized bin for each member of the family for things that don’t belong in the common rooms. Determine a regular time to do a quick tidy-up daily (perhaps just after dinner or before bed). Each person is responsible for picking up their own things and placing them in their bin. Once a week (or when the bin is full), each person empties his or her bin by returning things to their rightful home. When the job of keeping the home tidy is shared by all and spread throughout the week, it frees up family time on the weekend and everyone benefits. LISTEN TO SOME TUNES Listening to music makes tasks feel like less of a chore, relieving stress and increasing enjoyment. Put on your favourite high-energy tunes while you clean and organize. Some people even pay their bills while listening to music — they report it takes their mind off financial stress and makes the job less daunting. Challenge yourself to finish the task after a certain amount of songs to increase your efficiency and make it more fun. TAKE A WALK Getting outside in nature can be extremely relaxing. Going for a walk with a friend makes it even more beneficial to both our emotional and physical health and well-being. Rather than going out for lunch, consider going for a walk together instead. You’ll be nurturing your friendship and relieving stress at the same time. FRESHEN YOUR WARDROBE Now is a great time to evaluate last season’s wardrobe.
Were there any clothing items you didn’t wear? Why didn’t you wear them? If it was because they needed dry cleaning or repair, put them in your car right now and deliver them to the cleaners. If it was because they didn’t fit, didn’t work with your lifestyle or felt uncomfortable, take them to charity today. If you didn’t wear them last year, chances are you won’t wear them this year either. Weeding out your wardrobe now will make you feel lighter and create some breathing space for your summer clothes. 22
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
BUILDING B BONUS
GRANITE WINDOW SILLS CLOSET ORGANIZERS STAINLESS STEEL GAS RANGE GAS BARBECUE HOOK UP GRANITE COUNTERS
$2500 OFF NEXT 3 HOMES SOLD!
1 bedrooms from
2 bedrooms from
SOFT CLOSE CABINETS
Presentation Centre 20060 Fraser Highway Langley Open 12-5pm daily (closed Fridays) and by appointment
STAINLESS STEEL FRENCH DOOR FRIDGE
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. The $2500 decorating allowance offered on the next three homes sold in building B must close by July 31, 2013. This deal cannot be combined with any other offer.
JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 23
FIRST COME ED! FIRST SERV
prices Unbeatable ooms with 2 bedr as low as
A community of European-inspired condos that are as sophisticated as they are affordable. Boasting top-tier craftsmanship, wide and spacious rooms and appealing European styling, each home at Athenry Gate will be built with superior attention to both functionality and form. Athenry Gate will offer a home for everyone from singles and fi rsttime buyers to growing families and empty-nesters alike. The Athenry Gate Difference... Mountain views, 4 year low strata guaranteed, superior sound proofing and quality built with a reputation you can trust!! GUARANTEED STRATA FEES FOR 4 YEARS
e! t a G y r n e h t A t a me o h r u o y Find Spacious open concept floor plans with beautiful mountain view...
S G N I V A S R S E E M M O M H SU T C E L s so E a S w o R FO r 1 week promhave summer ou at we ct homes h t l u f le ss succe vings on se out! sa old u nt i l s
1 WEEK ONLY
105 Jr. S 1 Bedroom OLD
202 2 Bedroom SOLD
108 1 Bedroom
2 Bedroom, Den $314,900
205 2 Bedroom SOLD
Presentation Centre - 8312 208th Street, Langley
FIRST YEAR $0.18/SQ.FT. SAVE $0.06/SQ.FT.
Hours: Monday - Thursday 12pm-6pm (closed Friday) Saturday-Sunday 12pm-5pm SECOND YEAR $0.20/SQ.FT. SAVE $0.04/SQ.FT.
THIRD YEAR $0.22/SQ.FT. SAVE $0.02/SQ.FT.
Marketing & Sales by
Solon Bucholtz 778-995-7467
FOURTH YEAR $0.24/SQ.FT. GUARANTEED
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: email@example.com
@WilloughbyLife | Willoughby Town Centre
80th Ave. DEVELOPED BY
Willoughby Town Centre
Kensington is not currently an offering for sale. E.&O.E.
JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 25
y King George Hw
SOUTH SURREY | WHITE ROCK
40TH AVE SERPENTINE FEN NATURE RESERVE
CRESCENT BEACH / BLACKIE SPIT
32ND AVE 7
SUNNYSIDE ACRES URBAN FOREST PARK
16TH AVE 160TH ST
SOUTH SURREY ATHLETIC PARK
15 10TH AVE 8TH AVE
SOUTH SURREY / WHITE ROCK 1.
24th Ave & Hwy 99 604.582.1336
Thrift & Everall 604.538.8028
WINTER STREET BY LISTRAOR HOMES
15310-17A Ave 604.536.1663 20th Ave. & 154th St. 604.531.6659
26 METRO VANCOUVER NEW CONDO GUIDE JUL 26 - AUG 9, 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
TA K E T I M E T O D I S C O V E R YOUR INNER CHEF
50 EXCLUSIVE CONDOMINIUM HOMES
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.
JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 27
WHITE ROCK’S MOST COVETED ADDRESS A PERFECT BLEND OF CONVENIENCE & CONTEMPORARY STYLE. 1 Bed & Dens
2 Bed & Den
Penthouse & Terrace Homes
Response from the community of White Rock has been amazing, and these homes are selling fast!
Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca
N. BLUFF/16TH AVE.
With no home maintenance to worry about, you’re able to enjoy life to the fullest in the heart of the beautiful beachside village of White Rock. Whether you’re sipping a coffee along the beach promenade, taking a long leisurely bike ride through Sunnyside Park trails or shopping to your heart’s content, Royce offers an exceptional lifestyle within a short stroll from your front door.
The luxurious residences at Royce provide a lifestyle that few can rival.
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.
2013-07-10 3:49 PM
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 $275,900 INCLUDING GST* Size (s.f)/Type
Winter Price incl. GST
Summer Price incl. GST
828 / 2 BED
828 / 2 BED
936 / 2 BED
936/ 2 BED
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
DEVELOPED BY Sales + Marketing by *Pricing deadline August 15th, 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.
the mortgage minute
// by peter kinch
separating fact from fiction for first-time buyers
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 firstname.lastname@example.org
f you’re a first-time homebuyer, you’re hearing a lot of talk in the real estate market these days. Will prices go up? Will the market crash? Will I ever be able to afford a house? How will the new mortgage rule changes affect me? How will I ever pay off this debt? It’s easy to get caught up in all the noise, but harder to separate the fact from the fiction. As I edge closer to celebrating my first half century on this planet, I find myself using the phrase “If I knew then…” more and more — which got me thinking about the next wave of first-time homebuyers, and what pearls of wisdom I could bestow on them. I had an interesting conversation with a colleague the other day regarding property values in Vancouver. He relayed the story of a friend who had bought a house on the west side of Vancouver in the mid 1990s and it is now worth more than four times the amount he paid. In terms of equity, it was the equivalent of winning the lottery. We pondered the question, what will people be saying 20 to 25 years from now? Is it quite possible that a young 25-year-old couple today might look back in the year 2033 and say “If only we had bought that house back in 2013? Why didn’t we? Oh yeah, there were new mortgage rules and a lot of global uncertainty...” Here are a few things that I’ve learned about real estate 1 Real estate has peaks and valleys, but there has never been a future peak that is
lower than the past one. Just give it time.
2 Time is your ally. Time can turn any bad real estate decision into a good one. 3 Equity is your safety net. It can supplement a pension and give you financial
options in later years.
4 Your mortgage is a forced savings program.
Your house is worth more than the day you bought it — regardless of what happened during the years in between. 30
Your mortgage is paid off, and your house is worth more than the day you bought it — regardless of what happened during the years in between. So let’s assume that 20 to 25 years from now, you’ll be looking back and saying to yourself one of two things
›› I’m sure glad I bought that first house, or ›› I wish I had just bought something back in 2013 A lot of people are in this situation today and paralyzed by all the noise around them. And in the absence of facts or perspective, fear will take over. So what are the factors that are influencing your decisions today? New mortgage rules
Yes, there are new mortgage rules that have been implemented over the past few years, but in some respects, this could be to your advantage. Many first-time homebuyers are unaware that you can still buy a home with as little as five per cent down. The main rule change that impacts your ability to afford a home is that you can no longer access a 30-year amortization. Your payments will now be determined based on you paying off that mortgage over a maximum 25-year period. Although this does make your payments a little higher in the beginning, it increases the amount of equity you build with each payment (remember your forced savings plan). In addition, the rule changes imposed by the government have had the exact effect they were hoping to accomplish, which was to slow what was becoming an overheated housing market. Again, this is to the advantage of first-time buyers because it will help to bring house prices back within your range. Global uncertainty
There is no doubt that we live in an age of global uncertainty and face the threat of financial chaos in Europe and a pending credit crisis in the U.S. However, this is not the first time our world has faced these challenges, and it won’t be the last. The key factor to look at is what you can control in your world. Ask yourself about your own employment options — your own employment future. The key to creating long-term wealth in real estate through equity is your ability to
afford your monthly mortgage payments and making them consistently over a long period of time — regardless of what is happening on the other side of the world. If you do so, one day you’ll wake up and realize two things: ›› Y our mortgage is paid off, and ›› Your house is worth more than the day you bought it — regardless of what happened during the years in between. So if you’re a first-time homebuyer in 2013, here’s my advice to you: create a budget that you can afford and be comfortable with. Buy a home that does not put a strain on your budget. Focus on taking baby steps and don’t get overwhelmed by the big picture. Make the monthly payments into that forced savings program called a mortgage, and then let time be your friend and real estate will do what it has done for many generations before — eventually go up as your mortgage goes down — and that is what we call “creating equity.” And then maybe, just maybe, as you’re about to celebrate your first half century on this planet, you‘ll look back and say, “I’m glad I got started in 2013.”
jul 26 - aug 9, 2013 metro vancouver new Condo Guide 31
RO SS RD
R VE GO TR
NORTH SHORE | SQUAMISH | WHISTLER DEPOT RD
UG H DR E NS CHEAKAMUS WAY
1a MARINE DR
BA I LD
ND LA GH
STANLEY PARK y
VE R GO
B UC KLEY AVE
R UD TEA PLA
VE YA WA V ST TA NU VE ST E KA CH OC L M DR HE RD O ILF GU
DA VE DA VE
32 METRO VANCOUVER NEW CONDO GUIDE JUL 26 - AUG 9, 2013
A3. T HE PRESCOTT
A8. CANYON SPRINGS
R D E MAI N
A6. S EYLYNN VILLAGE
onsdale & Third Ave L 604.638.6240
KEITH RD E
13th & Lonsdale 604.969.3333
MT SEYMOUR PKY
A5. 1 5 WEST
#103 - 735 West 15th St 604.924.4488
LYNN CANYON PARK
A1. LOCAL ON LONSDALE W 17th Street and Lonsdale 604.998.0219
QU E E NS WAY
BRENNAN PA R K
5th just off Lonsdale 1 604.980.9949
300 Mt Seymour Parkway 3 604.800.2120 email@example.com 604.871.4126
A9. T HE SHORES R RY
Presentation Centre 238 Fell Ave 604-980-0016
EY LL VA
L LEVE LOW
KEITH RD W A3 A4
DALE R D
SD AL EA VE
CH IPPE N
CAPILANO RIVER REGIONAL PARK
CYPRESS FALLS PARK
NELSON CANYON PARK
LYNN HEADWATERS REGIONAL PARK
CYPRESS BOWL RD
Love the North Shore Discover urban living at the mountain’s edge. Inspired by the area’s natural beauty, Canyon Springs by Polygon is a thoughtful collection of apartment residences in Lynn Valley. Imagine having restaurants and shops within walking distance, plus an abundance of trails so close to home. Canyon Springs gives you the full North Shore experience – and it’s easy to love.
One, two and three bedroom apartment residences now open for previews.
2517 Mountain Highway, North Vancouver 27th St
els y Hw
Open noon to 6pm daily (except Friday) Telephone: 604.973.0298
Grand Blvd E
E 29th St
This is currently not an offering for sale. Any such offering may only be made with a disclosure statement. E.& O.E.
JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 33
// By lisa canning
maximize your budget
W Lisa Canning is a designer and owner of Lisa Canning Interiors. lisacanning.ca, 416.587.9780
Another way I am able to ensure funds are spent in the best possible way for my clients is in the careful use of colour and pattern. For example, installing patterned wallpaper on a feature wall, while it may not seem like a cost-saving solution, will reduce the need for art or other pattern in the room.
34 metro vancouver new Condo Guide jul 26 - aug 9, 2013
hen new clients starts working with us, one of the first conversations we have is about their budget. It’s important that we know what the total allocated funds are for a project so priorities can be made and funds distributed accordingly. For projects large or small, there will always be a bottom line. With experience, I’ve learned a few ways to maximize budgets of all sizes, to deliver a finished room that helps my clients enhance their quality of life. The first way I help my clients maximize their budget is through defining their priorities. In one of our first conversations, I ask clients to name five things they want to see changed in their space, and to list them in sequential order. We do this at the very beginning to ensure we are making the best decisions with the funds available. Listing priorities forces clients to narrow their focus and ensure those five things are top quality. Even in the largest of budgets, unexpected situations can occur. Focusing on a limited list of “must-haves” for a project helps to ensure quality pieces can be acquired to serve the individual needs of the users. The second way I ensure my clients’ dollar is spent wisely is by working with experienced trades. Experienced trades will often point out ways to save my clients’ money. For example, when I design custom cabinetry or wall units, my millworker will advise small alterations that won’t impact the overall aesthetic, but will save the client money because it uses slightly less material and produces less waste. In
addition, experience has shown me that seasoned trades make fewer mistakes. It doesn’t mean they don’t make any mistakes — but experience is a great teacher. Another way I am able to ensure funds are spent in the best possible way for my clients is in the careful use of colour and pattern. For example, installing patterned wallpaper on a feature wall, while it may not seem like a cost-saving solution, will reduce the need for art or other pattern in the room. On a similar note, I wrap many of the small spaces I design in deep, saturated hues. I find that a bold colour choice makes such a strong statement that other elements used in the room can be more demure. Moreover, a technique I have used in spaces with more limited budgets is to emulate the look of wallpaper with paint. Stripes or stencils and a bit of sweat equity can yield stunning results. The final way I help clients get the most out of every purchase is through being resourceful and thinking outside the box in regard to materials. I’m currently working on a project where the budget would not allow for wallpaper, as window coverings were higher on the list of priorities. Working with a window covering specialist from Budget Blinds, we selected a patterned roller shade that provides the function needed for the large windows, and when pulled down, injects the pattern that is achieved with wallpaper. With the large expanse of windows I am dealing with in this situation, I get form and function in one purchase. jul 26 - aug 9, 2013 metro vancouver new Condo Guide 35
Single entry lounge pass starting from $33.25 tax inclusive ($24.50 children ages 2 â€“ 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
ONLY 5 PENTHOUSE HOMES REMAIN
*HOT TUB INCLUDED!
HOMES PRICED FROM $302,900.* MOVE IN FEBRUARY 2014.
W 14th Street
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
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
VA N C O U V E R | D O W N T O W N VA N C O U V E R
3. WALL CENTRE CENTRAL PARK
10. BLUETREE HOMES ON MAIN STREET
16th Ave & Arbutus 604.738.0001
6. 5555 DUNBAR 5555 Dunbar 604.568.7551
108 - 3479 Westbrook 604.221.8878
38 METRO VANCOUVER NEW CONDO GUIDE JUL 26 - AUG 9, 2013
E 12TH AVE
E 33RD AVE
5. ARBUTUS RIDGE
E 29TH AVE
E 41ST AVE
231 Pender Street www.porte.ca/framework
W 41ST AVE
1. 188 KEEFER
QUEEN ELIZABETH PARK
W 70TH AVE
Boundry Road & Kingsway 604.874.9232
E 1ST AVE
W 12TH AVE
W 57TH AVE
1777 West 7th Ave 604.737.0360
W 6TH AVE
W 49TH AVE
188 Keefer 604.620.2018
E KING EDWARD AVE
4th Ave. & Fir 604.731.5522
First & Quebec 604.876.8819
King Edward & Main 604.877.1116
Howe & Drake 604.669.8200
12. KEEFER BLOCK Keefer St & Main St 604.682.8813
4338 Commercial St Presentation Centre 768 Kingsway St 604.879.8989
E 49TH AVE
SE MARIN E
Presentation Centre: 140 - 1265 Granville Street 604.688.8927
289 East 6th Avenue 604.261.3936
Presentation Centre 830 Hastings 604.872.2672
W KING EDWARD AVE
PACIFIC SPIRIT PARK
TE R M
2 W BROADWAY
W 16TH AVE5
W 4TH AVE W 10TH AVE
JERICHO BEACH PARK
BR ST WE
16 E HASTINGS ST
BURRARD INLET NW M
VIEW OUR MAGAZINES ON ANY
DIGITAL DEVICE anytime, anywhere!
Now you can view all New Condo Guide magazines online using any smartphone, tablet or desktop device.
MOVE IN THIS SUMMER*! Modern one, two and three bedroom apartment homes at UBC encourage indoor/ outdoor living at its finest, with Wesbrook Village amenities close by and verdant greenways connecting community and home. A limited number of homes available for move in prior to the start of the Fall 2013 school year. Only a handful of three bedroom homes left! Homes priced from the 390’s*. PRESENTATION CENTRE 106 – 5983 GRAY AVE, VANCOUVER | 604.221.8878
VISIT ADERA.COM CHECK US OUT ON TWITTER AND FACEBOOK
*LIMITATIONS APPLY. THIS IS NOT AN OFFERING FOR SALE. SALES BY DISCLOSURE STATEMENT ONLY. E&OE. SAIL ADERA PROJECTS LTD. ADERA REALTY CORP. 2200 – 1055 DUNSMUIR ST., VANCOUVER V7X 1K8 |604.684.8277
WHERE ART & HOME INTERSECT Q&A with Payam Imani // BY SUSAN M BOYCE John Ferrie’s whimsical interpretation of the Shine condominium is the ﬁrst commissioned art piece in Golden Globe Construction’s local art program
2 Payam Imani, Golden Globe Construction president
PABLO PICASSO HAS BEEN QUOTED AS SAYING “the purpose of art is to wash the dust of daily life off our souls.” Oscar Wilde considered art to be “the unique result of a unique temperament,” while for dancer Twyla Tharp art is “the only way to run away without leaving home.” However you choose to define its value, there’s little doubt we Vancouverites love our art. Neighbourhoods like South Main and The Drive where creatives congregate are enjoying a booming popularity, and ever more residential developments are incorporating onsite art into their buildings and landscapes. This issue, New Condo Guide chats with Payam Imani, president of Golden Globe Construction, about some of the many benefits this partnership between art and residential construction brings to all involved. Q Why do you believe it’s important to include art in our living spaces? A I love art, but for me it’s not so much about a tangible value as the fact art helps enrich both a culture and the individuals in that culture. Just look at all the different expressions of art. Initially people often think of art as being simply paintings, sculptures, or photography. But you can find art everywhere — even graffiti can be really cool. Q You’ve made a commitment to commission pieces from local artists and display them at Shine, the condominium project you’re building in South Main, even though you had no city-mandated requirement
42 METRO VANCOUVER NEW CONDO GUIDE JUL 26 - AUG 9, 2013
to do so. Why did you choose to make this voluntary art program a priority? A During the approval process for Shine, we talked with many of the local residents and businesses. One of the concerns they expressed repeatedly was that some of our talented, well-established local artists feel they’re starting to get pushed out of the SoMa neighbourhood because they can no longer afford it. As developers, we don’t want to see that happen because these artists are part of what makes South Main such a desirable, eclectic neighbourhood — an area with it’s own vibe and micro-culture. Our goal is to help grassroots artists maintain a presence in their own neighbourhood. By purchasing these commissions, we’re able to support these artists financially 2
Q You’ve said you want to significantly expand this art program. What’s the long term vision? A We plan to have a different group of artists on display every three or four months. They will be very diverse, so people are going to be surprised each time they come into the presentation centre. Then once Shine is built, we’ll hang the art on a rotating basis throughout the building — meaning no matter what floor you live on, you’ll eventually see all of the pieces. We believe this approach will go a long way to engage the residents, to make a statement that Shine is more than just a condo, it’s a cool place to live. We’re also encouraging the strata to keep one of the ground-level commercial spaces as a dedicated artists’ space. Just think how amazing it would be for the owners to have a gallery right in their own building.
Any final comments? I hope this initiative will be the beginning of a trend that sees more developers step up and voluntarily respond to the unique culture and creativity of the neighbourhoods they go into. In the South Main neighbourhood, we’re supporting visual artists, although in another area it might be a totally different creative endeavour — perhaps fashion or computer design. And while our commissions probably won’t change the lives of these artists, if they make the community more aware of the artistic gems found right within their neighbourhoods, then I believe the program will have been successful. Q
as well as give them exposure to a broader audience. When visitors see these pieces, it makes them more mindful of the fact that within a radius of just several blocks there’s a wealth of exceptional, local art that can be purchased for a fraction of the cost of going through a gallery — and all the proceeds go directly to the artist.
The Shine presentation centre and art gallery are located at Main and Sixth Ave. in Vancouver. For more information, visit liveatshine.com or call 604.874.7478.
3 Artist John Ferrie (right) and developer Payam Imani (left) hang out in the Shine 4 Martin and his son Alex rediscover the artistry of music on vinyl at the Shine presentation centre. presentation center in South Main.
Q Your first commission is a painting of the Shine building done by John Ferrie who has his studio just down the street. That canvas is now on display in the presentation centre and will ultimately be hung in the building itself. How did John come to be the first artist in your program? A I met John a few months ago at a spin class of all things. I fell in love with his art because it’s so whimsical that you just can’t help smiling whenever you see it. But yes, we’ve also commissioned work from local photographer Roscoe Steve and will soon be working with a comic artist, Stephen Sadowski. JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 43
99 VANCOUVER INTERNATIONAL AIRPORT (YVR)
R I C H M O N D | D E LTA | L A D N EDRR | T S A W W A S S E N NO 5 RD
NO 3 RD
RICHMOND NATURE PARK
NO 6 RD
NO 5 RD
RICHMOND NATURE PARK
LANSDOWNE PARK MALL
NO 4 RD
R KE BA RU SS
NO 6 RD
LANSDOWNE PARK MALL
NO 4 RD
BRIDGEPORT RD GRANT MCCONACHIE WAY ALDERBRIDGE WAY
GARDEN CITY RD
NO 3 RD
R IV ER
KE BA SS RU
W AY R
VANCOUVER INTERNATIONAL AIRPORT (YVR)
GARDEN CITY RD
GRANT MCCONACHIE WAY
R IV ER
RD Y WA
BOU N DARY BAY R EG IONAL PAR K
RD R VE RI
RO 47TH AD
ENGLISH BLUFF RD
Presentation Centre No 3 Rd and Bennet 604.278.3939
6160 London Road No 2 Rd. and London Rd. 604.274.7326
41ST B ST
U R DR
A2. PARC RIVIERA
A5. THE PIER AT LONDON LANDING
A3. RIVER PARK
44 METRO VANCOUVER NEW CONDO GUIDE JUL 26 - AUG 9, 2013
se rR 62ND B ST
B ST 28TH AVE
10111 River Drive 604.231.5900
EL RD O N
U R DR
41ST B ST
CE M ETE RY
#101-8600 Park Road 604.270.2482
RI VE R
53A ST 8A AVE SOUTH DE LTA PAR K
47TH A AVE
75 AVE 115 ST
D E LTA
CHALM E R S PAR K
DE LTA NATU R E R E S E RVE
O YM RR
B EACH G ROVE GOLF C OU R S E
DEAS ISLAND REGIONAL PARK
G RAU E R PAR K
C OAST TSAW WAS S E N I N N
MACK I E PAR K
ENGLISH BLUFF RD
TSAW WAS S E N GOLF CLU B
I LT SH
AVE FINN 18 RD
RI VE R62ND RD
NO 3 RD
S P LAS H D OW N PAR K
DEAS ISLAND REGIONAL PARK
TSAW WA S S E N
NORTH DE LTA PAR K
NO 3 RD
ER R IV
GARRY POINT PARK
GARRY POINT PARK
NO 6 RD
ive r se rR
NO 5 RD
Steveston Hwy Steveston Hwy
ER R IV
SOUTH ARM PARK
NO 4 RD
NO 5 RD
NO 3 RD
NO 2 RD
SOUTH ARM PARK
NO 4 RD
NO 1 RD
NO 3 RD
RD FRANCIS FRANCIS RD
NO 2 RD
NO 1 RD
NO 6 RD
// by cameron mcneill
BUYING PRESALE VS MOVE-IN READY
hen your heart is set on buying a brand new home with a certain budget, the next big question to answer is when to move in. In today’s market, a variety of new communities are complete and ready to welcome homeowners within the next week or few months. On the other hand, some new residential developments offer presale two to three years in advance of completion. Ultimately, this choice of timing depends on what works for you, your personal situation and preferences:
Advantages of buying presale 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 firstname.lastname@example.org or follow him on Twitter @mac_marketing
Early Selection. If you have specific preferences in home style (top floor, corner home, etc) or require modifications, buying a home before construction is usually the best way to go. During presales, buyers also have the choice of colour schemes and/or various options such as wood flooring. In some neighbourhoods, builders offer a menu of upgrades to customize your home right down to your appliances, plumbing fixtures, lighting and cabinetry. Delayed Mortgage. Presale will work best for you if you are planning to build up your finances over a few years to work towards your final downpayment. Not starting your mortgage right away also allows flexibility if you need to sell your existing home or hunt around for the best financing. Buying presale is also a great way to ease into homeownership, especially for first time buyers.
Advantages of move-in ready homes See What You Get. If visualizing a floorplan is difficult for you, touring the exact new home will give you certainty of the final layout, colour scheme, size, and views. You will also have a chance to experience the finished building and how the architecture, landscaping and amenities work together to create a new and livable community. Enjoy Your Home Immediately. Finding your new home is exciting, but even more exciting when you can enjoy it the very next day. This situation is very beneficial for growing families who need more space, or downsizers who require immediate one level living. Moreover, moving into a newly completed communities with retail stores gives you the benefit of having immediate conveniences at your doorstep.
In the Lower Mainland there are a number of options no matter what kind of timing is right for you. We have new communities where you can move in right away such as Vantage by Embassy in Brentwood, Avra by Epta Properties in White Rock, Pinnacle Living False Creek in Vancouver and a multitude of others. Additionally, if presale better suits your needs, you can find virtually any time frame. Modern by Amacon is scheduled for late 2014, Harmony by Townline Properties in Richmond is likely completing in the Fall of 2015 and if you are comfortable with even more time, MThree by Cressey in Coquitlam just started construction and is scheduled to be ready in the Winter of 2016, just to name a few. jul 26 - aug 9, 2013 metro vancouver new Condo Guide 45
The New Luxury Series at River Park Place Building community // By Diane Duflot
et amidst a completely redesigned waterfront with renewed riverfront parklands and paths and only minutes away from the Canada Line Richmond’s Oval Village neighbourhood — so named because it surrounds the Olympic Oval — is quickly become a thriving community. Shops, restaurants and other amenities are quickly springing up here and it is mere minutes away from the Canada Line, the airport and all the major thoroughfares that connect it to Vancouver and the Lower Mainland. River Park Place by Intracorp, a collection of condos ranging from one-to three-bedroom, as well as two-bedroom townhomes is ideally situated within this community. In order to further foster community and to showcase all that this project has to offer, River Park Place is hosting a series of summer events in their amenities spaces. Barrett Sprowson, director of sales, along with the River Park Place sales team, is excited for the opportunity to share this budding community’s lifestyle with potential buyers: “This project has so many amenities to offer future residents, and we are really looking forward to sharing these with the community.” “We held our second event this past weekend, on Saturday, July 20th,” he explains. “It was a series of three half-hour workshops with Ian Lai, urban agriculture consultant, on how to plant an edible garden on your own condo balcony or in a community garden plot. It was a great success!” This coming Saturday, July 27th, at noon, the Fireside Quintet will be playing and sharing tips on how to master the musician’s craft. “The building has a rehearsal space, 46 metro vancouver new Condo Guide jul 26 - aug 9, 2013
perfect for jam sessions if you’re in a band, or if you would rather that your kids weren’t practicing within earshot!” laughs Barrett. After this, on Saturday August 10th, there will be a Basketball Scrimmage at the River Park Place Sales Centre. Barrett points out that the development has the uncommon amenity of an indoor basketball court, which is sure to be a draw to local athletes who already spend plenty of time practising at the Richmond Oval. On Saturday, August 17th, at noon, a chef will be coming in to teach grilling techniques that are sure to come in handy for future residents when they want to entertain on their patio or balcony. The final event in the summer series, a daylight yoga session, will be held on Saturday, August 24th, at 1:00 p.m. “Bring a mat and join us for what is sure to be a relaxing finale to our summer events,” says Barrett, pointing out that “yoga aficionados will also have a place to work out at River Park Place in our dedicated Yoga Mezzanine.” River Park Place Sales Centre opens every day from noon – 5 p.m., except Fridays, at 7100 Elmbridge Way in Richmond. For more information or to register for any of these upcoming events visit www. riverparkplaceliving.ca, email email@example.com or phone 604.282.7838.
JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 47
BU R NABY | N E W WE S TM I N S TE R NEW WESTMINSTER
BARNET MARINE PARK
SQUINT LAKE PARK
ROYAL OAK AVE
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
E AV B4 L B3 YA RO
ST E AV
A3. P ADDINGTONEWMEWS BOUNDARY RD
ROYAL OAK AVE
4927 Kingsway 604.438.9922
1710 Gilmore Avenue 604.291.9130
Sales Centre #101 - 618 Langside Avenue 604.939.8808
107 - 7090 Edmonds St. 604.525.8496
MARIN E WA Y
IF SOUTHRIDGE DR
MAR IN E
210 Slater Street 604.520.9890
KI NA3 GS WA METROTOWN Y PATTERSON AVE
B2. GLASS HOUSE LOFTS
BURNABY LAKE REGIONAL PARK
SE MARINE DR
A GL GA
BURNABY MOUNTAIN GOLF COURSE
E N IV
18 Begbie Street 604.523.0081
UN IVE RSITY DR
NORTH RD CL
BURNABY MOUNTAIN PARK
48 METRO VANCOUVER NEW CONDO GUIDE JUL 26 - AUG 9, 2013
CG Banner Ad Redesign
A5. C ENTREBLOCK AT UNIVERCITY libertyhomes.ca
Higher Living at UniverCity. Thereâ€™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
Coming this Fall
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 .
JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 49
EXPERIENCE PEACEFUL PARKSIDE LIVING AT NORTHBANK. WATER VIEWS + 2 BLOCKS TO SKYTRAIN + SMART, COMFORTABLE HOMES.
630 SQ.FT. 1 BEDROOM HOMES FROM THE $260’S 88O SQ.FT. 2 BEDROOM HOMES FROM THE $360’S Own from $929 per month*
Own from $1299 per month*
Northbank offers one of the Lower Mainland’s best real estate values, with stunning protected views and smart, comfortable, well-appointed homes in a quiet parkside location.
*See sales associate for details. Developer reserves the right to make changes to speciﬁcations and pricing without notice.
604.523.0081 PRESENTATION CENTRE AT 18 BEGBIE ST.
JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 51
LV D KW AY B
UB T EA PLA
COAST MERIDIAN RD
COQUITLAM | PORT COQUITLAM | PORT MOODY | PITT MEADOWS
ST JOHNS ST
DEWDNEY TRUN K RD PRAIRIE AVE LD
VE TE A DAW ES
H IL LR
SW AY AV E
DEWDNEY TRUNK RD
DEWDNEY TRUNK RD
COLONY FARM REGIONAL PARK
MEADOW GARDENS GOLF COURSE
FORD RD FRASER RIVER
COQUITLAM 608 Como Lake Ave. 604.936.9300
Sales Centre #101 - 618 Langside Ave. 604.939.8808
DEWDNEY TRUNK RD
HAMMOND RD PITT MEADOWS AIRPORT
PORT COQUITLAM A3. BLUETREE HOMES AT MACKIN PARK
Brunette & Lebleu Presentation Centre located at 1020 Austin Ave. 604.939.8874
52 METRO VANCOUVER NEW CONDO GUIDE JUL 26 - AUG 9, 2013
1128 Kensal Place 604.871.4189
2455 Wilson Ave. 604.866.4206
GOLDEN EARS BRIDGE
MARI NE R WAY
BLUE MOUNTAIN ST
COMO LAKE PARK
COMO LAKE AVE
PIONEER MEMORIAL PARK
LA NS BL VD DOW
ROCKY POINT PARK
R TO IC
S BONSON RD
DAV ID A VE
TOWN CENTRE PARK
R IT AG E
COAST MERIDIAN RD
DAVID AVE IOC
ALL OF THIS FROM
Expansive 20’ x 1 2’ open concept living/dining room. Perfect for all your entertaining needs.
Master Bedroom Dining
Beautifully designed kitchen with breakfast bar, built-in spice rack, and French door fridge with ice/water dispenser.
Master bedroom with a full wall of closet space and large windows for natural light.
Tech nook ideal for a home office.
Large covered patio for year-round use.
Bath with custom mirror cabinet to keep countertops clutter-free.
Convenient entry closet for extra storage.
at mackin park
1 & 2 BED APARTMENTS
✓ Walkable neighbourhood ✓ Easy access to Hwy 1 ✓ Minutes from Lougheed and Braid SkyTrain ✓ Spacious floorplans ✓ Modern finishes ✓ Outdoor space with every home ✓ 1 or 2 parking included Best Value in Coquitlam Prices are subject to change without notice. GST not included. E.&O.E.
Home Store open daily 12 – 5 (Closed Thursday & Friday) 211 – 1020 Austin Ave, Coquitlam 604-939-8874
See more at bluetreehomes.ca
Mackin Park ad for New Condo Guide
MThree by Cressey Above the rest
// By Susan M Boyce
he sun shone and the mood was decidedly celebratory as Coquitlam’s Mayor Richard Stewart joined Cressey’s Hani Lammam, vice president, and Jason Turcotte, development manager, at the groundbreaking celebration for MThree. At 42 storeys and covering an entire city block, MThree will not only complete Cressey’s spectacular Metropolitan Residences master-planned community, but it will also become the city’s tallest tower — a distinction Mayor Stewart believes it will hold for many years. And there’s no question MThree resonates with a diverse range of savvy homebuyers. “The sales success for MOne and MTwo has been phenomenal,” Hani acknowledges. “MThree is clearly following that same trend. Well over 1,000 people have chosen to make Metropolitan Residences their home, and over 240 of the residences in MThree are already sold.”
Well over 1,000 people have chosen to make Metropolitan Residences their home. Hani Lammam Exceptional Living
Like many MThree homebuyers, Gloria and Joseph say they were impressed by the quality, intelligently designed floorplans, and, of course, the famous CresseyKitchen™. “The kitchen is… well it’s amazing,” Gloria says. “There’s so much storage space I’ll be able to keep everything I’m not using tucked away and out of sight. And with our eating bar, it feels so open that the kitchen really becomes part of the whole living space.” For Joseph, MThree’s location just across the street from Coquitlam Centre and
walking distance to hundreds of amenities, including the upcoming Evergreen Line, plus the Cressey reputation were high on his list of “oh wow” factors. “I’ve definitely heard lots of good things about Cressey,” he says, giving Gloria a smile filled with warmth and affection. “We’re starting a new life together, so having that peace of mind is even more important to us.” At the Top of Metro Vancouver
And here’s yet another special feature — MThree’s dazzling Summit Club. Located on the top two floors, this 9,000-sq.-ft. clubhouse is focused around a two-level atrium with soaring, 30-ft. ceiling and floor-to-ceiling, stained-glass art wall. Naturally, the Summit Club will have a state-of-the-art gym, but you’ll also find a yoga studio, table tennis and foosball here, plus a communal dining table and chef’s demonstration kitchen. And for music enthusiasts there’s a baby grand piano in the lounge and a soundproofed music room for practice, lessons or spontaneous jamming sessions. In other words, everything you need is truly just outside your door. The MThree presentation centre and display home are open noon to 5 p.m. daily except Fridays at 2992 Glen Dr. in Coquitlam. A selection of over 75 homes remains, including the exclusive Penthouse Collection, so be sure to visit soon. For more information visit liveatmthree.com or call 604.472.9555.
54 metro vancouver new Condo Guide jul 26 - aug 9, 2013
ONE, TWO & THREE BEDROOM HOMES ON THE EVERGREEN LINE STARTING FROM $283,900 233 HOMES SOLD. 86 HOMES AVAILABLE. VISIT US TODAY.
in the news
BMO: First Anniversary of New Mortgage Rules
Changes have not affected timeline for two-thirds of first-time buyers
Frances Hinojosa, mortgage expert, BMO Bank of Montreal, noted that choosing a shorter amortization is the most responsible approach to home financing: “It’s something we have been encouraging our customers to consider for years, as it means becoming debt-free sooner.” According to Doug Porter, chief economist, BMO Capital Markets, the new mortgage rules have helped contribute to a soft landing in the real estate market. “While Canadian home sales weakened markedly at the time of the mortgage changes a year ago, they have since stabilized and have even partially recovered in recent months,” said Porter. “For instance, Vancouver saw its home sales rise 12 per cent year over year in June.” The survey, conducted by Pollara, also revealed the following regional differences among first-time homebuyers across Canada:
the most recent changes to mortgage rules in Canada passes, a BMO Bank of Montreal report reveals how the new measures have affected first-time homebuyers. The rule changes for governmentinsured mortgages — which went into effect July 9, 2012 — include reducing the maximum amortization to 25 years from 30 years and lowering the amount of equity that can be borrowed against a home from 85 per cent to 80 per cent of the property’s value. According to the survey, 66 per cent of first-time buyers indicate that the recent changes have not affected their timeline for buying their first home. 19 per cent said the changes have prompted them to wait longer to buy, while 14 per cent will buy sooner. The report also noted the average amount first-time homebuyers plan to spend is approximately $300,000, with an average down payment amount of $48,000 (16 per cent). As the one-year anniversary of
56 metro vancouver new Condo Guide jul 26 - aug 9, 2013
›› British Columbians are the most likely (33 per cent) to wait longer to buy their first home because of the measures ›› First-time buyers in Ontario are the most likely (76 per cent) to say that the mortgage rule changes will not affect their buying timeline ›› Those in the Prairies and Quebec are the most likely (19 per cent) to say they will buy sooner Mortgage rules’ effect on buying timeline
Will buy as planned
Will wait longer to buy
Will buy sooner
“First-time buyers should stress-test their mortgage to ensure they are well financially prepared for homeownership and a potential upswing in interest rates — not only to manage costs, but also to pay off their mortgage as soon as possible,” added Hinojosa. “Determining what your mortgage payments and overall costs of homeownership will look like, and then living in that financial reality for a year before entering the market, can be an effective strategy.” Hinojosa noted that first-time homebuyers can get a head start on planning by getting pre-approved for a mortgage before setting out to find the perfect home. To learn more, please visit www.bmo.com.
COQUITLAM/PORT COQUITLAM/PORT MOODY
JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 57
DEWDNEY TRUNK RD
DEWDNEY TRUNK RD
y M EADOW GARDENS
DEWDNEY TRUNK RD
1 240TH ST
PITT M EADOWS
S BONSON RD
R RD 116TH
DEWDNEY TRUNK RD
123RD AVE 203RD ST
D E R BY R EACH R E G I O N A L PA R K
A KA KAN
110TH AVE 108TH AVE GOLDEN EARS BRIDGE
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 JUL 26 - AUG 9, 2013
JAC KS O
DR MACLU RE
PITT MEADOWS | MAPLE RIDGE
PITT MEADOWS/MAPLE RIDGE
Move in Now
JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 59
Hot location, cool homes // By Susan M Boyce
ophisticated and boasting an edgy, urban dynamic, 223 North is poised to change condominium living in downtown Maple Ridge. In other words, get set to be wowed big time because these homes are definitely something new and different. Interiors with Pizzazz
The surprises begin as soon as I step through the door into 223 North’s two-bedroom showhome. Large-format tiles create the impression of an elegant foyer that morphs seamlessly into an open-concept kitchen. But here’s the twist: they look so much like marble I actually have to touch them before I believe they’re easy-care porcelain. It’s no ordinary kitchen either. High-gloss acrylic cabinetry in a vertical striped pattern inspired by the exotic look of zebrawood creates a dramatic contrast to the spacious, white quartz counters and stainless steel appliances. I pull open a couple of drawers and, sure enough, they’re all soft close — bonus. Then there’s the living/dining room — a welcoming, sunny space with big windows, wide-plank laminate flooring and a generous balcony where even here on the second floor I get a peek-a-boo glimpse of the Fraser River. I’m betting the top floor views are amazing. The entire ambiance seems to say “sit down, put your feet up, relax.” Still, I’m eager to check out a couple of 223 North’s other floorplans. First stop is a junior one-bedroom with sliding glass doors around the sleeping area, tons of storage space and a balcony 60 metro vancouver new Condo Guide jul 26 - aug 9, 2013
almost as big as the two-bedroom I just left. The kitchen has a cleverly angled kitchen counter that maximizes functionality and keeps the flowing interconnectivity uninterrupted. And, finally, there’s a one and den with an intriguing curved glass wall in the bedroom and a huge walk-in closet in addition to the regular sliding-door version — smart design as well as good looks. In this home I find yet another twist on dramatic impact — high-gloss, white cabinetry in an abstract interpretation of vertical-grained oak. Very cool, very different. Grab One While You Can
“People are so excited now that they can actually experience these homes in real life,” says project marketer Courtenay Edwardes. “And with only 43 homes in total, interest has been skyrocketing.” The 223 North presentation centre and display home are now open at 22320 Lougheed Hwy. in Maple Ridge. When you visit, be sure to check out the community’s roof top deck with mountain and river views. Priced from just $149,900, meaning you can own for as little as $429/month. For more information visit 223north.com or call 604.463.0588.
PITT MEADOWS/MAPLE RIDGE
THE BEST OF URBAN-OUTDOOR LIVING WITH NO COMPROMISE
2 BEDROOM FROM
$429* / MO $475* / MO $690* / MO
STOP RENTING! * OWN FOR JUST $429 / MO COME INTO OUR PRESENTATION CENTRE AND SEE HOW TODAY! CONTACT US 604.463.0588
PRESENTATION CENTRE Unit 101 - 22320 Lougheed Highway, Maple Ridge BC V2X 2T4 OPEN HOURS: Open Noon to 5pm on Sat. to Wed. (closed on Thu. / Fri.) MARKETING & SALES BY * Subject to change without notice. Limited time offer, see sales staff for details. The developer reserves the right to make modifications to the information contained herein. Prices are subject to change without notice. Renderings are artist renditions only. E.&O.E.
JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 61
Calculate your mortgage payments interest rate
mortgage amount ÷ 1,000
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 jul 26 - aug 9, 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
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 jul 26 - aug 9, 2013 metro vancouver new Condo Guide 63
NEW CONDO DEVELOPMENTS PROJ ECT
C O N TA C T
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
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
C O N TA C T
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
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
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
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
1123 Westwood Austin Bloom Celadon House Charland
HR HR LR/TH LR LR
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)
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 JUL 26 - AUG 9, 2013
Mid Rise (MR)
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 firstname.lastname@example.org PROJ ECT
T Y P E C O N TA C T P R I C E
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
Call From $175,000
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
Avanti Burleigh Walk Carmandy La Vie Orchid Shaughnessy, The
South Verde Valorie on the Park
SQUAMISH / WHISTLER
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
JUL 26 - AUG 9, 2013 METRO VANCOUVER NEW CONDO GUIDE 65
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
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
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
Evelyn Galleries on the Bay
604.922.0330 Call 604.836.7355 From $490,000
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
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 JUL 26 - AUG 9, 2013
IN THE MARKET FOR A
OR A CONDO?
We think ﬁnding a home is a lot more than simply ﬁnding the right property. That’s why we put you right in the middle of the search process.
Search your favorite neighbourhood
Find out about nearby services and amenities
View new construction projects and register to get the latest info
Visit the new real estate section on canpages.ca and start looking for that special place. Powered by
OWN FOR JUST
S E SE
620 709 819
E 454 A5 N 506 A3b NE
855 953 954
OPEN DAILY 12-5PM CLOSED FRIDAYS 604.874.9232
NOW SELLING AT BOUNDARY AND VANNESS
2603 N 506 A3b
$246,900 $918 $298,900 $1,111
1 BR+FLEX 1 BR+FLEX
1 BR+FLEX 1 BR+FLEX
635 A12 1 BR+D+FLEX $333,900 $1,242 454 A5 1 BR+FLEX $242,900 $903
TYPE 1 BR+FLEX
1057 E 1505 E
N 506 A3b
820 S 495 1003 W 569
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.
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
DO YOU WANT TO BE A