Jul 25 - Aug 8, 2014 Volume 04 Issue 15
RIVER GREEN WATERFRONT LIVING ELEVATED WITH ART IN THE COMMUNITY INSIDE THIS ISSUE
NCG VAN Cover-07-25-2014.indd 1
HOT WEATHER: HOT REAL ESTATE MARKET
EXPLORING CASH BACK MORTGAGES
12 EASY STEPS TO BEING ORGANIZED
2014-07-18 1:57 PM
BE AHEAD OF THE CURVE, IT’S WHAT VISIONARIES DO. Port Moody, with it’s rich history, has long been a living destination for Vancouver families. With the new Evergreen Line coming and an influx of contemporary retail, Port Moody is quickly becoming an urban hotspot for a younger generation. The Station, by Aragon, is on the leading edge of this change and with move-in ready homes available today, you too can be a part of it.
THINKFORWARD ARAGON.CA
105 AVE
156 ST
154 ST
Guildford Town Centre
152 ST
104 AVE
100 AVE
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 3
KINGSWAY
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JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 5
6 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
TABLE OF CONTENTS
July 25 - Aug 8, 2014 VOLUME 4 ISSUE 15
16
RIVER GREEN
Takes artful living to the next level
COLUMNS, NEWS & FEATURES
28
012 EDITOR’S NOTE COLUMNS
040 I NSIDE MORTGAGES Beware the “Cash Back” mortgage BY KRIS GRASTY
018 CONDO LIVING How property owners, developers and managers mingle
050 T IPS AND TRICKS 12 key steps to getting your finances organized
020 C ONDO SENSE Summertime and the market is sizzling
060 H OME SWEET HOME The big move
BY SHLOMO SHARON
BY CAMERON MCNEILL
028 C ONDO VIEWS Transit hub towers heat up the real estate market
BY STEPHANIE MACDONALD
BY GAIL VAZ-OXLADE
BY LYDIA MCNUTT
070 B UYER PROFILE Richard and Danika get their groove on at Marquee on the Drive BY SUSAN BOYCE
076 F UNDAMENTALLY SPEAKING Mortgage 101 BY WAYNE KARL
HOMEBUYERS’ HELP
074 C ONDO MARKET WATCH Condominium homes to keep your eye on BY SUSAN M BOYCE
077 H OMEBUYERS’ RESOURCE SECTION 080 L ISTINGS DIRECTORY
BEST KITCHEN. BEST LOCATION. BEST HOME.
TWO BEDROOM HOMES FROM $424,900
Presentation Centre:
THREE BEDROOM HOMES FROM $589,900
Oval Village Richmond
5540 Hollybridge Way,
Open Daily 12-5pm
YB LL RI
PRESENTATION CENTRE
DG
604.276.8683 Prices subject to change without notice. This is not an offering for sale. Any such offering can only be made with a Disclosure Statement. E.&.OE.
AY EW
CADENCEBYCRESSEY.COM
EL
LANSDOWNE RD TR D
HO
· The CresseyKitchenTM with a revolutionary walk-through design · A chef’s wall. Quartz countertops. Integrated appliances · More storage. More space. More room to move · Richmond’s healthiest homes with fresher air & purer drinking water · Steve Nash Fitness World, grocer & services all downstairs · Walkable streets that lead to SkyTrain & amenities · An energized location in Richmond’s Oval Village
ER
CADENCE OFFERS:
VISIT US TODAY
M
BR
LB
BUILDING THE BEST HOMES. EACH HOME AT
ONE BEDROOM HOMES FROM $292,900
ID
GI
CRESSEY HAS ALWAYS FOCUSED ON ONE THING:
BE R ICH IN HE A LTH
GE
W
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N
Vice-President, Wall2Wall Media
Jacqueline Hill
CONDO PROFILES
Editor-In-Chief / Director of Content
Susan Legge Director of Sales, National
72
Josh Heppner Senior Sales Manager, Western Canada
MODERN West End living redefined
Edwin Rizarri
BY SUSAN M BOYCE
Art Director
Sarah Jang Editors
Stephanie MacDonald Diane Duflot (on leave) Contributing Editors
Lydia McNutt Sara Duck Wayne Karl Design Editor
Yanic Simard
Media Consultants
Dave Bird 604.319.7102 Brenda Everitt 604.319.7103
72
Sales Coordinator
Justin Salvador
32 Production Manager
Bala Gnanapandithan Graphic Designers
FEATURE DEVELOPMENT
Caroline Wassef, Viosa Barileva Production Co-ordinator
Mohammad Haidarpour
24
CONTRIBUTING EDITORIAL WRITER
LINGO This Cloverdale condo is the talk of the town
Susan M Boyce
Published By
BY JANINE MACKIE
4180 Lougheed Highway Suite 102 Burnaby BC V5C 6A7 T. 604.519.6080 F. 604.519.6088
Call 604.519.6080 for a足 dvertising rates Copyright covers the contents of this publication and prevents reproduction in whole or in part: offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher.
ADVERTISING
MAPS
014 R ichmond 022 Surrey/Langley 042 South Surrey/ White Rock 048 Burnaby/New West
054 North Shore 058 Tri-Cities 064 Maple Ridge/Pitt Meadows 068 Vancouver
The views and data expressed by columnists do not necessarily represent those of the publication.
The demand for Station Square homes has been phenomenal. Phase I nearly sold out on the opening weekend and over 550 Phase II homes have been sold in June. Don’t miss this opportunity to live in the heart of Downtown Metrotown!
ADDRESS
UNIT
PLAN
TYPE
SIZE
OUTDOOR SPACE
VIEW
PRICE
6098 Station Street
502
E2
2 Bed
883
137
SW
$470,900
4670 Assembly Way
706
G
2 Bed
994
90
NW
$534,900
6098 Station Street
810
E1
2 Bed
834
83
SE
$485,900
4670 Assembly Way
1807
D
1 Bed + Den
663
41
N
$373,900
6098 Station Street
1909
A
Jr 1 Bed
512
38
NE
$281,900
6098 Station Street
2511
C1
1 Bed
583
61
S
$355,900
6098 Station Street
2607
G
2 Bed
1,008
85
N/NE
$585,900
4670 Assembly Way
3007
D
1 Bed + Den
663
68
N
$395,900
6098 Station Street
3101
C
1 Bed
585
61
S
$367,900
4670 Assembly Way
3305
B
1 Bed
605
80
W
$375,900
4670 Assembly Way
3705
B
1 Bed
605
80
N
$381,900
4670 Assembly Way
5203
A2
Jr 1 Bed
513
38
W
$349,900
Visit Us Today
The developer (Station Square 4670 Assembly Way LP) reserves the right to make changes and modifications to the information contained herein. Promotions, prices and availability are subject to change without notice. Please contact a developer sales representative for details. E. & O. E. Station Square and the Station Square logo are registered trademarks of Metro Shopping Centre Limited Partnership, and are used under license.
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 11
EDITOR’S NOTE
MAKE IT A LONG-TERM COMMITMENT
SUSAN LEGGE
EDITOR-IN-CHIEF
Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge Like us on facebook search: Condo Guide
Whether you’re relocating from one coast to the other or moving to your first place, changing homes can be hectic, exciting and certainly stressful. But, relax. You can eliminate the anxiety associated with moving by taking control of the situation with confidence. Understanding the market is just part of the story. Knowing what you need and what you can afford is the more important part of the equation. Making a prudent purchasing decision that doesn’t keep you up at night when interest rates rise or market news becomes the talk of the town is up to you. Any expert will tell you that buying a home or condo is a long-term commitment. This issue is full of great tips from the experts as well as the latest news designed to help you make a wise purchasing decision. Along with our Community Focus features, which outline the specifics on many fine communities, there’s lots to take in – so kick back, relax and enjoy. You’re in the driver’s seat.
HOT WEATHER, HOT MARKET Well summer’s here, and the pavement is sizzling. Surprisingly, so is the
real estate market. Normally people take the summer off to go on vacation and laze around beaches or swimming pools, but evidently this year people have decided their recreational activities will include camping out on a sidewalk to be first in line to scoop up a beautiful new pre-sale condo or townhome in one of Metro Vancouver’s exciting new developments.
STEPHANIE MACDONALD
EDITOR
Wall2Wall Media Stephanie.MacDonald@wall2wallmedia.com
12 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
As we pointed out last issue, the summertime can be a great time to look for a new home for many reasons. This year, one of those reasons is the great opportunity to buy into one of the sought-after new highrises and townhome developments springing up very close to new Skytrain and transit hubs all over the Lower Mainland. First in line means first choice for the home, the floorplan and the view you want the most. While others spend the summer flopped on a beach towel with a trashy novel, those with the foresight to get in on the action first just might have the last laugh — if not the tan lines.
1 BEDROOMS FROM $318,800 2 BEDROOMS FROM $393,800
PRICES INCLUDE NET GST**
NOW UNDER CONSTRUCTION DISCOVER CENTRE OPEN DAILY 12 Noon to 5 PM (except Fridays) 7180 No.3 Road Richmond BC
604.278.3939 HarmonyRichmond.com
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 13
R IVE
KNIGHT ST
99 VANCOUVER INTERNATIONAL AIRPORT (YVR)
R DR
R I C H M O N D | D E LTA | L A D N EDRR | T S A W W A S S E N RICHMOND
DR
NO 3 RD
Richmond Hwy
CAMBIE RD
Westminster Hwy
g
ALDERBRIDGE WAY
LANSDOWNE PARK MALL
RICHMOND NATURE PARK
99
RICHMOND CENTRE
GRANVILLE AVE
NO 4 RD
GRANVILLE AVE
R DR
91
NO 6 RD
NO 5 RD
SHELL RD
GARDEN CITY RD
R KE BA RU SS
NO 4 RD
WESTMINSTER HWY
RICHMOND NATURE PARK
CAMBIE RD
R IVE
CAMBIE RD BRIDGEPORT RD
GRANT MCCONACHIE WAY ALDERBRIDGE WAY
LANSDOWNE PARK MALL
RICHMOND CENTRE
NO 6 RD R IV ER
A7
GRANVILLE AVE
99
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NO 3 RD
A4 A2
NO 5 RD
GARDEN CITY RD
W AY R KE BA SS RU A5
WESTMINSTER HWY
CAMBIE RD
VANCOUVER INTERNATIONAL AIRPORT (YVR)
A6
SHELL RD
BRIDGEPORT RD GRANT MCCONACHIE WAY
KNIGHT ST
R IV ER
Richmond Hwy
91
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99
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Fr a
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48TH AVE
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Presentation Centre No 3 Rd and Bennet 604.278.3939
A4. CADENCE BY CRESSEY Oval Village 5640 Hollybridge Way 604.276.8683
5171 Brighouse Way 604.233.2633
A6. TEMPO
62ND B ST
B ST
A7. ELLE
7720 Alderbridge Ave 604.276.8885
56TH ST
A5. RIVER GREEN
6511 Buswell St ellerichmond.com
A8. THE GARDENS
Steveston Hwy & #5 Rd 604.271.3331
17
28TH AVE
ENGLISH BLUFF RD
Sales Centre 7100 Elmbridge Way 604.282.7838
OV E
U R DR
A2. RIVER PARK PLACE
GR
ARTH
10111 River Drive 604.231.5900
R
28TH AVE
A3. HARMONY
41ST B ST
A1. PARC RIVIERA
SD
53RD ST
72 AVE
RN
U R DR
AC H
BU
17
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CE M ETE RY
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ARTH
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53RD ST
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Y WA
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74 AVE
N KSO
113 ST
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BU
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53A ST
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12 AVE
119A ST
YM RR
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116 ST
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80 AVE
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G RAU E R PAR K
C OAST TSAW WAS S E N I N N
MACK I E PAR K
ENGLISH BLUFF RD
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is Hw
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55
TSAW WAS S E N GOLF CLU B
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LADNER
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112 ST
NO 3 RD
17
S P LAS H D OW N PAR K
DEAS ISLAND REGIONAL PARK
FINN RD
TSAW WA S S E N
56 ST
90 AVE
NORTH DE LTA PAR K
RD
52 ST
116 ST
MONCTON ST
ER R IV
Steveston Hwy
12TH AVE
56TH ST
6TH AVE
14 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
RD
MONCTON ST
GARRY POINT PARK
96 AVE
GARRY POINT PARK
ER R IV
Steveston Hwy
A8
Steveston Hwy
NO 5 RD
SOUTH ARM PARK
Fr a
Steveston Hwy
NO 4 RD
WILLIAMS RD
NO 5 RD
NO 3 RD
GILBERT RD
FRANCIS RD
NO 2 RD
RAILWAY AVE
SOUTH ARM PARK
NO 4 RD
NO 1 RD
WILLIAMS RD
NO 3 RD
GILBERT RD
RD FRANCIS FRANCIS RD
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RAILWAY AVE
FRANCIS RD
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4TH AVE
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RIVER GREEN ANOTHER COMMUNITY BY ASPAC
MOVE IN TODAY WE REDEFINED VANCOUVER LIVING WHEN WE DEVELOPED COAL HARBOUR. NOW WE ARE DOING THE SAME IN RICHMOND.
20,000 Square Feet of Resort Style Amenities 27 Acres of Master Planned, Waterfront Community PHASE ONE, READY TO MOVE IN
WWW.RIVERGREEN.COM
604.233.2633
THIS IS NOT AN OFFERING FOR SALE. E. & O. E
COVER STORY
RIVER GREEN
TAKES ART TO THE NEXT LEVEL // BY SUSAN M BOYCE
MIDWAY ALONG RICHMOND’S WEST DYKE
and just west of the Olympic Oval lies one of my favourite urban views: an exquisite expression of the successful marriage between architecture, art, and a deep-rooted commitment to sustainable living. The name is River Green, and this is Richmond like you’ve never seen it before. Elegant glass and concrete tower residences wrap themselves around terraced water gardens with waterfalls, intertwining pathways, and lavish greenery accented with colourful blossoms. Gazebostyle pavilions appear to float on the water creating a magical sense of tranquility — a refined oasis overlooking the mighty Fraser River.
TRAIL,
A PROUD TRADITION OF EXCELLENCE
River Green is the latest addition to Aspac’s legacy of exceptional residences in exceptional settings, a legacy of homes that appeal to a diverse, vibrant range of buyers.
“ Incorporating art into our developments is one way we can give back to the communities where we build.” RAYMOND LI
16 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
Like its predecessors, River Green focuses on creating the ambiance of an exclusive, fivestar resort: 24-hour concierge, soaring lobbies in marble and natural woods, plus more than 20,000 square feet of amenities that include a golf simulator, music room with piano, study rooms with full internet services, fitness centre, multi-media theatre, and a 25-metre, infinity lap pool with adjacent children’s pool and hot tub. From previous visits, I also know that inside River Green homes are filled with meticulous attention: kitchens with above-and-beyond features like built-in cappuccino makers and flush cabinetry, bathrooms with Carrera marble counters and walls, plus open floorplans with massive banks of windows everywhere. Today, though, I’m here to take a look at another aspect of this growing community: River Green’s extensive art component.
And that couldn’t please local artist Brent Comber more. “I love the fact Aspac kept the white oak that grew on the property.” His laugh is warm and engaging as he describes the arduous task of sorting through four tents of the reclaimed wood to find the precise pieces that could be transformed into sculptures and art furniture. “The prevailing wind runs east/west, so everything was drying at different rates. I had to do a lot of ‘editing’ of the material.” Like all his art, these pieces are story driven: a pair of tall, narrow totemic carvings make subtle reference to the First Nations’ culture; a trio of tables that create an ever-changing shadow play across their surface as they reflect the sun’s daily journey from east to west; and massive, faceted cubes inspired by the angular beauty of shattered quartz crystals. At the entry to one building, a stylized flamenco dancer carved from a single piece of wood will greet owners and guests alike. “It’s like she’s inviting people to dance with her,” Brent explains running his finger lightly along the not quite completed curve of her “back.” EVOLUTION OF A COMMUNITY
ART IN THE COMMUNITY
“Incorporating art into our developments is one way we can give back to the communities where we build,” says Raymond Li, Aspac’s senior vice president. “When we commission these art installations, we always use a local artist, but at River Green, we’ve taken it one step farther — we’ve recycled wood from the site itself.”
“The first time I visited the presentation centre, I was astonished how homey and inviting it felt here,” says a woman just entering the lobby with a preschooler holding tightly to her hand and a white-haired gentleman by her side. “It’s such an amazing location — David loves skating at the Olympic Oval, and this weekend we’re all going to ride our bicycles to Steveston for the salmon festival.” “My daughter, she’s smart,” the man says with a fond twinkle of pride in his eyes. “She saw what a great opportunity this was. She bought a home here all by herself — I thought I’d have to help her with the down payment, but she did it all on her own. I’m thinking I should buy one too — maybe one of the penthouses. I don’t need a house any more, and this place just looks prettier every time I come over.” SEE FOR YOURSELF
River Green is located at 5111 Brighouse Way in Richmond. Furnished display suites are open for viewing by appointment. For more information and to book your private tour of this incredible residence, visit rivergreen.com or call 604.233.2633.
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 17
CONDO LIVING
// BY SHLOMO SHARON
OWNERS, DEVELOPERS AND PROPERTY MANAGERS
Shlomo Sharon is CEO of Taft Management Inc. and a member of CCI since 2002. Taft Management Inc. is an ACMO 2000-certified property management company and has been providing property management services since 1996. Visit taft-forward.com for further information or email Shlomo at shlomos@taft-forward.com.
W
hen a developer makes the decision to go to market with a new condominium project, he/she needs to prepare a disclosure package containing legal and financial information pertaining to the development. When the purchaser signs the Agreement of Purchase and Sale, the developer must provide the purchaser with the disclosure statement, including the first year budget, which is often prepared by a management company. While some developers have their own management firms, most will engage a third party who is independent of the developer. It is sometimes confused by owners that the management company is influenced by the developer, which is not the case. When the City has determined that the development is ready for occupancy, the developer
18 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
will advise the purchaser of the interim closing. The standards for interim occupancy by the City may cause an inconvenience to the purchaser due to ongoing construction, or improper completion of the unit itself. This is a cause for frustration among owners who bring the deficiencies to the attention of management. The management company is not in a position to resolve any of these issues, as they are only serving in an administrative capacity as a go-between with the owners and the developer. In order for the developer to be able to register the development as a condominium corporation, the City must approve that the development has met all the requirements. The City conducts the inspection during the construction period to ensure the work meets the plans that were submitted and approved by the City’s building department. Once the City has provided the developer with the condominium registration, within 10 days the declarant (developer) appoints the first board of directors, which is referred to as the declarant board. They also sign various contracts, among them being the contract with the management company. Once the developer has closed the sale of the majority of the units (50 per cent, plus one unit), he is required to call a Turnover Meeting of the owners. The purpose of this meeting is to hand over the affairs of the condominium to the owners, who now elect their own board of directors to carry the responsibility for the condominium corporation. In actuality, it is normally the property management company that coordinates and administers the calling of the meeting, simply because owners deem the property management to be an extension of the developer. Once the new board is elected, it assumes the responsibility of directing the management company to carry on the day-to-day operation of the condominium. The management company serves the owners, not the developer (despite the fact that they were appointed by the developer). The first major task of the board is to retain a person with certification by the Professional Engineering Act or the Architect Act to conduct an audit of the common elements, to be done between the sixth and 10th month after the registration of the condo. The auditor must inspect the major components of the building and property like foundation, parking garage, walls, ventilation, windows, elevators, roof, mechanical systems, fire protection system, as well as landscaping to the extent that it is described as a common element. It is also a requirement to conduct a survey of the owners to check for evidence of damage to the unit caused by defects in the common elements, and defects in common elements that may cause damage to the units. Purchasers of new condo units should attend the “Living in a Condominium” seminar conducted by ACMO. This seminar may help clarify the various duties of the parties involved in the daily life of a condo corporation. Also helpful is a seminar titled “How to Service Condominium Residents.” Finally, the developer should be held to a high standard of construction, which forces him to be liable through Tarion (not as an arbitrator) to the owners.
Dear Mortgage, I’m taking time off to cook up a new career.
Take time off from your mortgage payment. A flexible mortgage from TD allows you to concentrate on something you’ve always wanted to do. Just add a little extra to your regular payments and then have the option to take a payment vacation for up to four months1. It’s just one of TD’s flexible mortgage features.
Visit a branch or tdcanadatrust.com/paymentvacation
1
Conditions apply. See us for details. ® The TD logo and other trade-marks are the property of The Toronto-Dominion Bank.
CONDO SENSE
// BY CAMERON MCNEILL
THE MARKET IS HOT
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
F
or the first time in 3 years, the housing market is experiencing a significant increase in homebuyer demand as monthly home sales surpassed the 3,000 mark this past May. A key indicator of this strong market can be typically gauged by analyzing the Sales to Active Listings Ratio which provides an overall picture of the available homes on the market and how many of those homes have sold. The Real Estate Board of Greater Vancouver (REBGV) reported a 14 per cent increase in Multiple Service Listing Service in May 2014, compared to this time last year. The Sales to Active Listings Ratio is currently sitting at 21.3 per cent. Although
20 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
It’s a Strong Market for Real Estate
18-22 per cent indicates a balanced market, there are areas already showing a seller’s market, which simply means there is more demand than the number of home listings available for sale. For example, homes listed in Yaletown in the month of May were only on market for an average of 36 days and achieved close to 96% of the original list price. According to the REBGV, this is the most active marketplace they’ve seen since the spring of 2011. A strong market typically means that home buyers must make a faster purchasing decision once they find a home they want. Naturally, listings sell more quickly when there are more people looking for homes than there are homes available. The benchmark price for a home in Metro Vancouver is at $628,200 as of June 2014, which is a 4.4 per cent increase, compared to June 2013. The average price of homes is expected to continue to trend upwards in a conservative fashion. In the current market, it pays to be ready to make an offer as soon as you find the home that meets your needs. Preparation is key — spend some time prioritizing what it is you are looking for in a home, be open minded and explore the offerings in a wide range of neighbourhoods and get yourself pre-approved for a mortgage.
SURREY | LANGLEY 116TH AVE
12 0T H
W ay
ST
GR
VE OS
NO
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112ND AVE
108TH AVE
A7
A9
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TYNEHEAD REGIONAL PARK
er
Hw
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A4 88TH AVE
88TH AVE BEAR CREEK PARK
176TH ST
208TH ST
192ND ST
10 RD
B3
A3
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A7
LO VE
A12
WATERSHED PARK
72ND AVE
A10
64TH AVE
B2
64TH AVE
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A2
184TH ST
168TH ST
99a
200TH ST
80TH AVE
160TH ST
152ND ST
144TH ST
128TH ST
120TH ST
112TH ST
72ND AVE
A13
61A
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GR
SURREY A1. WYND
10375 133rd Street 604.951.9283
A2. LUXOR
12039 64th Ave., Unit #104 604.590.8003
A3. SALIX
6477 - 196th Street 604.530.0054
AD
LANGLEY
SERPENTINE FEN NATURE RESERVE
A6. LINGO
5665 177B Street 604.727.5478 99
A11. 3 CIVIC PLAZA
104th Ave & Citypoint Way 604.951.3331
A7. UNIVERSITY DISTRICT
A12. L ATITUDE
A8. PARK AVE WEST
A13. LUMINA
104th & University Dr 100 Ave. & Whalley Blvd. 604.233.7748
14358 60th Ave. 604.596.5075 14877 60 Ave. 604.727.5478
ER
B1. CORNERSTONE 5655 210A Street 604.534.6000
B2. KENSINGTON
20678 willoughby Town Centre Drive 604.427.3311
B3. ELEMENTS
20211 66th Ave. 604.533.7718
A9. G3 RESIDENCES
B4. ATHENRY GATE
A5. VERVE
A10. THE RIDGE AT BOSE FARM
B5. VARSITY
13913 Fraser Hwy. 604.588.3783
104th Ave. & 154th St. 604.453.6688
16390 64th Ave. 604.888.5514
22 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
8312 Street 604.882.8857
20060 Fraser Hwy 604.539.2200
wy
D
A4. MANAROLA
8695 160th Street 604.825.1038
AV E
B4
1a
King George Blvd
80TH AVE
96 TH
48TH AVE
40TH AVE
240TH ST
Fr as
GOLDEN EARS BRIDGE
96TH AVE
RD
GREEN TIMBERS URBAN FOREST PARK
GL OV ER
96TH AVE
232RD ST
A5 A11 A8
216TH ST
S
Fr a
A1
216TH ST
se r
104TH AVE
SURREY/LANGLEY
Move in Now
29
Rent is a four letter word.
Spend less on the condominium you’ve always wanted and enjoy more time being you. Who says you can’t have it all?
$
Signature Apartments starting from
199
9OO Including Net GST
lingoliving.ca
6O4.727.5478
Lingo. Something to talk about.
Ling Li ing n o
HWY 1O
56 AVE
TO U.S. BORDER
18O ST
HW
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5
6O AVE
5 665 56 6 177 65 7 B St S re r et et Surr Su rrrey ey, BC ey, B Openn Wed, Op Open ed, Th ed Thur huurrs annd W Weeekkennds ds 1-5 -5pm pm m
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 23
FEATURE DEVELOPMENT
LINGO
Cloverdale condo is the talk of the town // BY JANINE MACKIE
SINGLES, SENIORS AND STUDENTS ALIKE are talking about Lingo, a new condo in Cloverdale that’s putting the dream of homeownership within reach of local homebuyers. Affordable and accessible, Lingo is move-in ready and priced from just $199,900 including all taxes. Homebuyers will be hard-pressed to find a lower price point in Panorama, Langley or East Clayton!
making that first step to home ownership, as well as those making a transition into a lifestyle with low maintenance. Even investors see the potential of buying a home at Lingo as it’s just a few blocks from Kwantlen Polytechnic University and minutes from Langley and the US border, while providing easy highway access into Vancouver and neighbourhing Fraser Valley communites.
SHOPS, PUBS, SCHOOLS, and TRANSIT at your DOORSTEP “Lingo is great value based on quality of construction and high-end finishes,” said Arthur Simon, Lingo’s sales manager. “It’s within walking distance of grocery stores and transit is right at your door.” Three-storeys and just 29 homes, Lingo has a friendly community feel that’s appealed to both those who are
INVESTMENT OPPORTUNITY “The area is changing and demographics living in the area are requesting more modern suites for rent,” said Simon. “We have at least three inquiries a week regarding availability for rentals. A $199,900 condo will generate investors about $1000 rent per month.” As part of the Build Surrey program, the City is investing in many significant capital projects in Cloverdale
24 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
“ L ingo is great value based on quality of construction and high-end finishes.” ARTHUR SIMON, LINGO’S SALES MANAGER
– one of the fastest growing communities in BC. There’s the new Cloverdale Recreation Centre with fitness facility, three gymnasious and programs for all ages. There’s nearby bike trails, tennis courts and the charm of quaint downtown shops and services. Studio and one bedroom homes range from 633 to 830 square feet — and depending on the floor plan offer a variety of configurations to meet buyers’ unique needs — some with oversized dens, kitchen pantries or entertainment-size patios, while neatly combining form and function for an efficiently designed space. A custom designed door leads into the furnished show suite — a modern space with nine-foot ceilings, wide plank laminate flooring and cosy electric fireplace with custom mantel. The spacious den includes a dazzling chandelier and provides that perfect flex space to use as a formal dining area, study or media room. Even take-out can feel gourmet when enjoyed in Lingo’s contemporary kitchen outfitted with a full complement of Samsung stainless steel appliances and generous island with quartz countertops. Beautiful soft-close cabinetry in choice of white or dark and fullheight metal and glass tile backsplash is the perfect finishing touch. To these outstanding standard finishes, the developer adds at no extra cost a full-size washer and dryer — a step up from the apartment size laundry commonly found in other condo developments. Bathrooms and bedrooms are also finished tip to toe with walk-in closet, quartz countertops, and tub-and-shower combinations with full tile surrounds. ENERGY EFFICIENT and ENVIRONMENTALLY RESPONSIBLE Like every home built by the Maskeen Group, Lingo is Built Green certified —energy efficient windows, water conserving plumbing fixtures, low VOC paint, and Energy Star rated appliances. Giving the building a look of distinction is the brick façade which complements the natural hardi-plank siding and westcoast landscaping.
Lingo is more than a conversation piece; it’s the home you’ve been waiting for! Visit the two show homes Wednesday, Thursday and weekends, 1 p.m. - 5 p.m. at unit #109 – 5665, 177B St. in Surrey, learn more at lingoliving.com, or call the sales centre at 604.727-5478. JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 25
All 1 Bedroom Homes $
All 2 Bedroom Homes $
10,000 OFF
20,000 OFF
PLUS GST AND BC TRANSITION TAX INCLUDED. LIMITED TIME OFFER
MOVE IN TODAY
LUXURY IS STANDARD AT LUXOR
OWN FROM $ /MTH*
Condos from $224,900
OWN TODAY
731
Special Financing Packages Available
*see sales staff for promotion details
HOURS: Monday to Thursday 12-5pm Saturday & Sunday 12-5pm
REGISTER NOW!
luxor-living.com 604-590-8003
To Vancouver
15 min. to YVR Airport & 15 min. to US Border
Scott Rd.
FURNISHED SHOW SUITE: 12039 - 64th Ave., Unit 104, Surrey Corner of Scott Rd & 64th Ave
64th Ave. 58th Ave.
FOLLOW US ON FACEBOOK @ Luxor Homes
LUXURY HOME COLLECTION GROUP
FOLLOW US ON TWITTER @ twitter.com/luxorliving
Solon Bucholtz
Hwy. 99
To US Border
MARKETING AND SALES BY: Wolstencroft Realty
R E A L E S TAT E M A R K E T I N G
*Selected Homes subject to change without notice. Limited time offer, see sales staff for details. This is not an offering for sale. Any such offering can only be made with a disclosure statement. E.&O.E.
SURREY/LANGLEY
1 HOME LEFT IN BUILDING 1
e 2 / Spring 2014 BUILIsDsuIN G2 ALREADY 50% SOLD! HO M ES FO R DE SI GN
R HWY Station 13931 FRASE King George alk to A 6-Minute W
le deposit “Porte’s flexib ped make program hel nership our homeow ity!” dream a real E — LIZ & MIK
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MO ! EARLY FALL
EDROOMS JR 1FRB OM $169,900 AYMENT? NO DOWN PPROBLEM NO osit plan.
dep t our flexible Ask us abou
Proudly developed by
PRESENTATION CENTRE & SHOW HOMES: 13931 FRASER HWY, SURREY OPEN DAILY 12–5PM (CLOSED FRI)
PORTE.CA/VERVE 604.588.3783
BUY NOW & SAVE THE GST! OFFERED ON 1 BEDROOM HOMES FOR A LIMITED TIME ONLY 1 bedrooms from $199,900 INCL. GST*
*Promotion is net GST and subject to change without notice. Sales by disclosure statement only, E&OE.
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 27
CONDO VIEWS
GOING, GOING, GONE!
Metro Vancouver condo sales sizzle in the spring and summer of 2014 // BY STEPHANIE MACDONALD PEOPLE CAMPING OUT FOR THREE DAYS
to buy a condo? Selling out 247 units in a 57-storey tower in one day? What is this, 2004? This happened last month at Shape Properties’ The Amazing Brentwood, and this is only the first of ten proposed buildings going up on the 28-acre site in Burnaby. From Anthem’s Station Square in Metrotown to Intergulf ’s Empire and Executive Group’s West in Vancouver, Cressey’s Cadence in Richmond and Onni’s Centreview in 28 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
West Vancouver, many projects have experienced extremely vigorous sales in the last few months. So what’s going on? Have we entered another condo market like the one in 2004, where downtown loft buildings and highrises caused a real estate frenzy and were selling out in mere hours? “The recent overwhelming success at The Amazing Brentwood confirms that ‘energy centres’ on transit are the future of home ownership in this maturing global city,” explains Tracie McTavish, President of Rennie Marketing Systems, who are in charge of marketing The Amazing Brentwood. “Buyers are seeing the opportunity, beyond just the downtown market and, while the vast majority of our homeowners are local residents, we are attracting a global
“ Buyers are seeing the opportunity, beyond just the downtown market and, while the vast majority of our homeowners are local residents, we are attracting a global viewing audience that is validating Vancouver’s claim as one of the best cities in the world. Brentwood has become a master jewel in the crown of this great city, and the recent sales success should become the norm, rather than the exception, in the future”. viewing audience that is validating Vancouver’s claim as one of the best cities in the world. Brentwood has become a master jewel in the crown of this great city, and the recent sales success should become the norm, rather than the exception, in the future”. Many of the other properties that are selling like hotcakes are also on the new Skytrain lines, including The Grand Central projects in Coquitlam on the Evergreen Line, as well as Cadence in Richmond and West in Southeast False Creek, both situated just a couple of blocks from the new Canada Line. “What I find interesting is that it isn’t just one group that is doing the buying,” says West’s Sales Manager James Goodwin. “We’re seeing many downsizers, first-timers as well as local investors. So it’s much more of a diverse clientele than in the early 2000s. West Tower One is almost entirely sold out and we’re anticipating a comparable interest in Tower Green, going on sale in the fall.” Vice President of Intergulf, Shaadi Faris, also stresses the importance of location in this market interest. Intergulf ’s Empire on Cambie has mostly sold out despite just going on sale this spring. “There are pockets, but Vancouver is not a homogeneous market. Empire is located on the Cambie corridor served by the Canada Line, but
a large proportion of our buyers are downsizers from the West Side, who don’t need the hassle of a house any more, though they want lots of space.” But a couple other Intergulf projects are set to appeal to a younger demographic who don’t want to be tied down by the expense of owning a car. “The Grand Central 3 project in Coquitlam on the Evergreen Line and the upcoming The Park at Metrotown are right in the middle of where people want to be and we expect very strong demand.” Clearly, there’s more than one factor that comes into play here. Interest rates are low, and as Bob Rennie pointed out in his Urban Development Institute luncheon in May, Metro Vancouver’s baby boomers are sitting on an unprecedented amount of equity from their family homes. This equity is being used to help finance their kids’ first forays into real estate, not to mention being used to buy their lockand-go downsizing home. MAC Marketing’s Cameron McNeill believes that this market isn’t cooling down anytime soon, and he should know. Station Square in Metrotown is being marketed by MAC Marketing, and has sold well over 500 units in the last few months. “These recent strong sales results continue to show a broad-based healthy market. For the past 3 years I have been highlighting the solid real estate fundamentals in the Greater Vancouver market: a balanced supply, population growth condition, a strong and growing economy, and a prolonged low interest rate environment.”
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 29
SURREY/LANGLEY
5 HOMES ONLY!
LIVE FREE FOR AYEAR Move in now & build your 5% down payment.*
Proudly developed by
PRESENTATION CENTRE & SHOW HOMES: 144TH & 60TH Ave, Surrey Open Daily 12–5pm (closed Thur & Fri) 604.596.5075
PORTE.CA/LATITUDE *Talk to our sales team to learn how you can move into a brand new condo today and live free for a year while you build your 5% down payment. Visit our presentation centre for details.
30 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
$
20,000
INCENTIVE PACKAGE ON ALL REMAINING HOMES
2 DISPLAYS NOW OPEN Modern 2 Bedroom Condos PRICES STARTING FROM
$
239,900
*
MOVE IN TODAY! Choose from a variety of spacious floor plans, sizes and locations. 68 AVE
*NET OF INCENTIVES
64 AVE
VISIT US TODAY! 6477 196th St, Surrey Call 604.530.0054 Sales Centre Open: 12-5pm (Except Friday)
SalixLiving.com
This is not an offering for sale. Prices and incentives are subject to change or can be withdrawn without notice. Prices exclude tax. Please speak to the Woodbridge sales team for offer details. E.& O. E.
SURREY/LANGLEY
BO
PH
OK
AS
YO
E3
UR
VI
CO
PA
PP
MI
OI
NG
NT
ME
SO
NT
ON
TO D
AY !
BOLD NEW COUNTRY MODERN CONDOS The Ridge at Bose Farms is a collection of spacious country modern condos on an old Surrey landmark – the historic Bose Family Farm
SURREY’S MOST POPULAR COMMUNITY PHASE 2 - PRICING FROM $162,900 * PHASE 1 - 2 BEDROOMS FROM $259,900 *
TheRidgeAtBoseFarms.com 604.888.5514 Prices and incentives subject to change or be withdrawn without notice and do not include taxes. E.& O.E.
32 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
64th Avenue between 160 & 164 Street, Surrey Presentation Centre Open Daily 12–5 (except Fridays)
SURREY/LANGLEY
MOVE IN TODAY! CONDOS.COM
A BOUTIQUE COLLECTION OF 1 BED + DENS, 2 BED & 2 BED + DENS PRICED FROM JUST
$189,900
LIVE IN THE NEW HEART OF CLOVERDALE. 60 Ave
With shopping, dining, and recreation just minutes away, Latis puts you in the heart of if all.
VISIT OUR SHOWHOME AND EXPERIENCE LATIS LIVING! OPEN DAILY 12 PM - 5 PM EXCEPT SUNDAY
DESIGNED, BUILT AND BACKED BY
177 B St
176 A St
58 Ave HWY 15
And with our unique kitchen designs and amenities, Latis also offers you all the conveniences you're looking for in a new home, including a community garden!
HWY 10
5811 - 177B Street, Cloverdale
Call 778.571.1123
LatisCondos.com PRICES, RATES AND FEATURES ARE SUBJECT TO CHANGE WITHOUT NOTICE. E. & O. E.
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 33
SIMPLY LANGLEY’S
MASTER PLANNED COMMUNITY
552 - 1,230 Sq FT CONDOS READY TO MOVE-IN SOON
Gorgeous Island kitchen with tall pantry. Quartz or granite countertops, porcelain back splash, under cabinet lighting.
SA LE
Spa inspired ensuite with 5 foot walk-in shower, separate soaker tub, his & her sinks, under vanity motion light.
O N
FROM THE $150’S TO $360’S
Full walk-in master closet
$2 0, 00
0* SU M
M
ER
Spacious master bedroom
Larger than average decks to enjoy the green belt
N O W !
BEST & MOST CONVENIENT
Den perfect for home office or hobby room such as sewing or crafting.
Exquisite tile details, sleek one piece toilets and cool under cabinet motion light.
Even the second bedroom is spacious!
Open and Spacious Living and Dining. Seat up to 8 for dinner or book the chef kitchen and dining lounge in the Trilogy Club for large gatherings.
THE ONLY LANGLEY COMMUNITY THAT HAS IT ALL ONE BED UP TO TWO BED & DEN HOMES FROM THE $150’s - $360’s 20211 66TH AVENUE LANGLEY BC. OPEN DAILY NOON - 5PM (CLOSED FRIDAYS)
ELEMENTSINLANGLEY.COM 604.533.7718 *Prices are subject to change without notice. $20,000 Summer sale is available on phase 3 homes, ready to enjoy this winter. E.&O.E. Sales and marketing by Fifth Avenue Real Estate Marketing Ltd. fifthave.ca
1230 SQ FT OPEN CONCEPT PLAN P3 2 Bedroom, 2 Bathroom & Den
SURREY/LANGLEY
w w w. m a n a r o l a h o m e s .c o m
SUMMER BONUS
• Net GST • FIRST YEAR STRATA FEES • Laminate flooring in Bedrooms • Washer, Dryer and Fridge Upgrades • $5,000 Decorating Allowance A dazzling collection of 51 condominium homes designed by award winning Creekside Architects. Lcoated in the delightful Fleetwood “Village” neighborhood… a vibrant, pedestrian friendly community with everything at your doorstep, excellent schools, proximity to great shopping, restaurants, major transportation routes and recreational facilities galore.
ONE BEDROOM STARTING
FROM
$179,900
(INCLUDE NET GST)
For more information:
DEVELOPED BY:
HW Y
The builder reserve the right to change floorplans, elevations, specifications and prices without notice. Square footage as noted are approximations of each individual unit. The purchaser is responsible for verification of the unit layout and square footages. All renderings, floorplans, models and maps are artist's conceptions and not intended to be an actual depiction of promotion details.
36 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
FR AS ER
162 ST
or Visit our Website at www.manarolahomes.com Presentation Centre Address: #101, 8695 160th Street, Surrey Open daily from 12 to 5pm (closed Fridays)
160 ST
88 AVE
604.825.1038
SURREY/LANGLEY
80th Ave. 208th St.
Willoughby Town Centre
DEVELOPED BY
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 37
SURREY/LANGLEY
YOU SNOOZE YOU LOSE OVER 70% SOLD!
20 HOMES REMAINING UNDER $229,900 8 HOMES REMAINING UNDER $200,000 DON’T MISS YOUR BEST OPPORTUNITY TO BUY IN 2014. MOVE IN TODAY.
604.534.6000 cornerstoneliving.ca Sales Centre and three fully-furnished Display Homes 56th & 210A St, Langley | Open daily (closed Friday) from 12 to 5 pm. Marcon Homes (Cornerstone) Ltd.
Limited time offer. Prices subject to change without notice. Please see our sales representative for further details and exact terms of this offer. E. & O.E.
38 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
SURREY/LANGLEY
LOWEST PRICE, BEST QUALITY, AND CENTRAL LOCATION 2 NEW IN-BUILDING DISPLAY SUITES
WALKING DISTANCE TO ALL YOUR AMENITIES
2 BEDROOM + 2 BATHROOM $229,800 TO $300,900 SAVINGS UP TO $15,000 ENDS JULY 31 In-building Presentation Centre 20068 Fraser Hwy Langley Open 12-5pm daily (closed Fridays) and by appointment
604.539.2200 LIVEat VARSIT Y.COM *Developer reserves the right to change the information herein. Renderings and images are approximate only. E. & O.E.
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 39
INSIDE MORTGAGES
CASH BACK MORTGAGES If it sounds too good to be true… // BY KRIS GRASTY
IN FACT, THEY SHOULD PROBABLY COME WITH A SURGEON GENERAL’S WARNING similar to a pack of cigarettes. Though lenders have the details within the fine print on their website relating to this product, the warning should be bigger! Clients need to know that if they terminate the mortgage term prematurely, for ANY reason, they not only have an interest penalty to deal with. They also have to return the “cash back” portion to the lender. Look at any of the major lender websites and you will see them appear to provide a great service allowing clients to do their renovations, or purchase appliances, furniture and more. Lenders also often suggest using the cash back in order to pay down the principal, reducing the effective interest rate. Why would someone want to borrow more money at a higher rate and risk future mobility? There are other methods of obtaining the desired cash. Just two weeks ago, I was emailed an offer from a lender who shall remain unnamed; “NEW PROMO ... Cash back for purchases. Effective 5 year Rate as low as 3.64%...” That is of course if you apply your cashback as a Mortgage Prepayment as suggested by a bank mortgage representative.
40 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
READ THE FINE PRINT The kicker here and warning to all— there is a catch. If you are to break the mortgage midterm, whether to sell your home or refinance, you not only have to pay the interest penalty, you have to also return the Cash Back portion to the bank — even if you used it to pay down your mortgage. This is in the fine print on the websites and in your contract for you to see. I am all about providing clients with options that allow them to accomplish their goals but more importantly, expose them to less risk and offer better flexibility. Anyone who has taken driver’s training has likely learned to always leave themselves A way out. You should not treat your mortgage any differently. There are other programs that licensed Mortgage Brokers are aware of and well versed in; Purchase Plus Improvement programs and lines of credit are two examples where you may be able to access extra funding
without any excess in the interest rate charged. It can already be a tough pill to swallow if you have to pay an interest penalty when moving to a new home, but those that opt in to the Cash Back product are sometimes stuck, caught between making a significant change in their lives and taking a major hit in equity if they do. It can end up being a $10,000 $20,000 factor in a person’s decision not to move or change careers, when it would be beneficial for them to do so. Let the math do the talking. If you sit down with a Mortgage Broker to actually work out the more than 1% premium on today’s 4.79% - 5 year cashback rate that you end paying over the term, you will see that you are not “given” anything back — ever. As a matter of fact, the premium may cost you close to double the money that you received on the outset. Perhaps they should be called “More Cash Morgages”.
SURREY/LANGLEY
MOV E IN NOW! Affordable + Quality + Value = Athenry Gate Home Feature: • Quiet location • Superior sound proofing • Large private yard (D5 & E) • Unbeatable value
ONLY
21
HOME REMAIN S ING
Limited Time Pricing 2 BEDROOMS from $219,900
ATHENRY GA TE
2 BEDROOMS + DEN from $275,000 3 BEDROOMS
340,000
$
athenrygate.com 107-20861 83 Ave, Langley
Sales Centre Open Mon-Thurs 12-6pm, Sat-Sun 12-5pm
Sales and Marketing by Solon Bucholtz 778.995.7467 JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 41
176TH ST
184TH ST
176TH ST
184TH ST
168TH ST
152ND ST
ing George Hwy
SOUTH SURREY | WHITE ROCK
40TH AVE SERPENTINE FEN NATURE RESERVE
7
SC
E CR
CRESCENT BEACH / BLACKIE SPIT
TR
EN
99a
D
99
2
32ND AVE 6
9
SUNNYSIDE ACRES URBAN FOREST PARK
CRESCENT PARK
24TH AVE
24TH AVE
ng
Ki
24TH AVE
164TH ST
26TH AVE
168TH ST
152ND ST
1
INE
16TH AVE 160TH ST
148TH ST
140TH ST
3
8
MA5 R
y
16TH AVE
4
Hw
128TH ST
ge
16TH AVE
or
20TH AVE
Ge
SOUTH SURREY ATHLETIC PARK
DR
15 10TH AVE 8TH AVE
8TH AVE
CANADA
SOUTH SURREY / WHITE ROCK UNITED STATES OF AMERICA
1. SALTAIRE
Johnston Rd & Thrift Ave 604.662.3700
2. KINGSTON HOUSE 3323 - 151st St 604.541.8092
3. GEMINI
15336 - 17A Ave 604.536.1663
4. ADAGIO
20th Ave. & 154th St. 604.531.6659
42 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
5. N EWPORT AT WEST BEACH
14949 Marine Drive 604.536.0256
6. S OUTH POINT WALK 29A Ave & 152 St 604.560.3238
7. E DGEWATER
36 Ave & 152nd St. 604.818.5603
8. ROYCE
14855 Thrift Ave 604.538.8028
9. HEADWATERS 15428 31st Ave 604.560.5535
SOUTH SURREY PARKSIDE LIVING
QUIET SURROUNDINGS,
PRICED TO MOVE YOU. 1 BEDROOM HOMES from only $232,900 2 BEDROOM HOMES from only $320,900
• Tranquil parkside living in a forest oasis with abundant walking trails. • Minutes from Morgan Creek Golf Course and shopping centres. • Wonderful communal amenities space and fully equipped fitness facility. • Unbeatable value and superior construction.
MOVE IN TODAY FROM ONLY
$702/MONTH 5% DOWN *
Visit us: 12 - 5 Daily (except Friday) 15428 31st Ave off Croyden - South Surrey
604.560.5535 • info@headwaterscommmunity.com Register for more information at:
HeadwatersCommunity.com *This is not an offering for sale, such an offering may only be made by way of a disclosure statement. E&OE
SOUTH SURREY/WHITE ROCK
44 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
E
EDGEWATER
Rooftop Pool
soUTh sUrrey & whiTe rocK’s
BesT VAlUe!
Outlook Club
Lounge
Upsize yoUr life... Downsize yoUr chores! Relax in the Outlook Club this Summer.
3 said “YES” Last Week!
2 Bedroom + Den
Over 1,000 sq.ft. from $419,900 *
Forest or River Views
1,200 sq.ft. from $489,900 *
Located in South Surrey’s most prestigious neighbourhood, these signature homes lay nestled within acres of stately trees and water-scaped garden terraces. 80% of the Community is landscaping and natural greenspace to create a true park like setting. The Outlook Club includes a rooftop pool, lounge, billiards room, fitness studio, private theatre and more. Call today... Limited final release selling fast!
edgewaterliving.com Call 604.538.5266
Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd.
Prices quoted include net sales tax for owner/occupier only and are subject to availability at the time of visit and subject to change without notice. E.&O.E.
kl
er Riv
152 st
SUITE 108-15175 36 AVENUE OPEN 12-5 DAILY (EXCEPT FRIDAYS) TH
om e
NET TAXES NOW INCLUDED*
Edgewater is now almost fully complete and ready to enjoy. The highly anticipated cliffside Outlook Club is open for viewing and building four homes are now ready to enjoy!
Nic
36 ave SOUTH SURREY
10 S
aid
y es
tHi SS um me r
true White Rock With over half our homes already spoken for, now’s the time to claim your view in White Rock’s most sought after address. Select from our award winning collection of 1, 2 and 3 bedroom residences offering both spacious indoor & outdoor true White Rock living. Move in by next Spring. Homes available from $314,900 to $1,500,000
Presentation Gallery and Display Home Open Daily 14855 Thrift Avenue
®
Appointments Recommended 604.538.8028
Royceliving.com
Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca
Prices quoted are subject to change without notice and exclude applicable sales tax. E&OE.
SOUTH SURREY/WHITE ROCK
JULY 25 - AUG 8, 2014 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
ED
GA GL
R
AR
SQUINT LAKE PARK
U
DI
WA Y
ROYAL OAK AVE
WILLINGDON AVE
B2. FLOW
RD
AY IW
A GL GA
A2
LOUGHEED MALL
CB RI DE
NELSON AVE
M
ROYAL OAK AVE
ST
H ST
D
R WA
DS
O
AY NW
608 Belmont St 604.522.2583
QUEEN’S PARK
220 Slater St 604.520.9890
B7. ELLIOT ST
336 Columbia St 604.524.8080
B8. TRAPP & HOLBROOK 702 Columbia St 604.525.0223
E AV L B3 B7 YA RO B8 B1
E ST
R
DUNCAN ST
E WAY YD BO
ST E AV
DE
A5. BRENTWOOD
A3. AVIARA
A6. CENTREBLOCK AT UNIVERCITY
AY TW
BOUNDARY RD
A2. RED BRICKS
5021 Kingsway 604.456.0688
EW
EN
A4. MODELLO
RW
EN
A1. STORYBROOK
Griffiths Dr & 14th Ave 604.527.7955
B4. VICEROY
ST
DR
E
E AV
H
S
MAR IN
IN
E AV
6T
TH
FI
B4
M
AR
H 8T
BRAID ST
D
E AV
8T
TH 10
IF
MARIN E WA Y
E AV H 6T
A2 A1
E AV
AN
H 8T
SOUTHRIDGE DR
DR
RL
1
IMPERIAL ST
MAR IN E
BE
AL
RI
TH 10
M
PE
AY W
WA Y
IM
H 6T
A AD
GS
ST
N CA
KI N
D ST
IMPERIAL ST
7173 Stride Ave 604.528.8906
500 Royal Ave 604.525.8980
B6. GLASS HOUSE E AV
CU
OAKL AN
BURNABY
B3. DOMINION
210 Slater St 604.520.9890
DEER LAKE
DEER LAKE PARK
A8
230 Slater St 604.520.9890
B5. DUO
A4
PATTERSON AVE
E
BURNABY LAKE REGIONAL PARK
GILLEY AVE
BOUNDARY RD
DR
AD AW AY
METROTOWN
1710 Gilmore Avenue 604.291.9130
ITY
AUSTIN AVE
GR
SE MARINE DR
RS
Lougheed Hwy
SPROTT ST
CA N
A7 CENTRAL PARK
E N IV
RD
EYS TON
BROADWAY
49TH AVE
18 Begbie Street 604.523.0081
KE
GR
BURNABY MOUNTAIN GOLF COURSE
BCIT
B1. NORTHBANK
W
AR
BRENTWOOD MALL
CLIFF AVE
A5
UN IVE RSITY DR
A10 A6 SFU A11
SPERLING AVE
A3
HOLDOM AVE
WILLINGDON AVE
HASTINGS ST
Barnet Hwy
NORTH RD CL
INL ET
DR
CONFEDERATION PARK
BURNABY MOUNTAIN PARK
theamazingbrentwood.com 604.563.8386
libertyhomes.ca
48 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
Aug.17 2012
7.625”x1.625”
Ledingham McAllister
CMYK
A7. STATION SQUARE
A10. ALTITUDE
A8. MET2
A11. LIFT
4670 Assemble Way stationsquare.ca 6550 Nelson Ave 604.899.8800
89955 University High Street 604.456.8883
9350 University High Street, 604.320.3386
METROTOWN’S BEST PATIOS
LAST OPPORTUNITY FOR PRE-CONSTRUCTION PRICING CONSTRUCTION COMMENCING THIS SUMMER
LUXURIOUSLY APPOINTED 1, 2, 3 BEDROOM AND ESTATE LEVEL HOMES KIN
RD
ST
ROYAL OAK AVE
ESF O
MARLBOROUGH AVE
BER
PRESENTATION CENTRE
NELSON AVE
WIL
LIN
GD
ON
AVE
GSW AY
ModelloByBoffo.ca 604.456.0688 Modello Presentation Centre #118 – 5021 Kingsway Located on Marlborough, one block West of Royal Oak – across from London Drugs on Kingsway
OPEN DAILY 12 – 5PM (CLOSED FRIDAYS)
MARKETING BY
DEVELOPER OF AWARD-WINNING JEWEL TOWERS
MONEY MATTERS
// BY GAIL VAZ-OXLADE
12 STEPS TO FINANCIAL ORGANIZATION SET UP 1G ather all your paperwork. Create a file folder for each of the following:
Gail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever and blogs daily at gailvazoxlade.com. Follow Gail on Twitter at twitter.com/GailVazOxlade
» Chequing accounts » Savings accounts » Retirement accounts » Investment accounts » Credit card accounts » Loans » Personal lines of credit » Mortgage » Insurance: life, disability, health, critical illness, home, car » Tax returns » Estate: wills and powers of attorney 2 Welcome to 21st century banking
If you don’t already have it, set up telephone or Internet banking for your accounts. 3R educe fees by setting up a buffer
Establish an automatic savings deposit every month and your nest egg will accumulate faster than you think 50 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
If you can afford it, transfer $1,000 float to your chequing account (pretend it isn’t there) and use that to minimize your banking costs. 4 Save automatically Create an auto-debit from your chequing account to a savings account that will not be touched. Most people won’t put money into a savings account on a regular basis, opting to wait for a tax-refund or bonus before setting aside some money for the future. Establish an automatic savings deposit
every month and your nest egg will accumulate faster than you think. 5 Create a monthly bill summary List your bills in the date order they need to be paid to prevent you from missing a bill. If you have bills that are paid automatically from your account, write an “A” beside these bills and remember to deduct them from your spending journal at bill payment time each month. 6 Set up your “in-baskets” Create an in-basket with two bills folders labelled “1-15” and “16-31.” When a bill comes in, look at the due date and file the bill in the appropriate folder. Recycle all the marketing materials in the envelope. Create a second in-basket with three folders labelled “bank statements,” “bills paid” and “tax receipts.” WEEKLY 7 Make a date with your money
On the 12th and 28th of each month to pay bills, set aside the time in your schedule – you’ll need about 30 minutes, depending on your bills – to pay your bills. Always pay your bills in one place that you’ve equipped with your bill paying system, spending journal, envelopes, stamps, pens, pencils, a calculator, tape, a stapler and return address labels and recycling bin. When you pay a bill, write the cheque or transaction number, amount paid, and the date you paid it on the bill. Put the paid bill in your “bills paid” file. Deduct the amount you’ve spent from your spending journal. If a bill has not been paid in full (tax
When you pay a bill, write the cheque or transaction number, amount paid, and the date you paid it on the bill bills are paid over several months, for example) put it back in your bills folder so you don’t forget it. MONTHLY 8 Reconcile your bank statements
When your bank statements come in, put them in your in-box folder. Make a date when all your statements are in (it’ll depend on when you receive them) to: » Review your statements to make sure there are no mistakes. » Reconcile your spending register; clearly mark the cheques that have been returned to you and highlight the ones in your spending register that haven’t yet cleared the bank. A cheque that is taking a long time clearing the bank can lull you into thinking you have more money than you do. Go back at least a month to make sure all previous cheques have cleared. » Talk about anything unusual.
QUARTERLY 9 File
Once a quarter, file all your paperwork to keep your system current. 10 Talk Have dinner with your business partner and talk about the bumps, your goals and how you’re doing. ANNUALLY 11 Re-vamp your budget
eview your budget using last year’s R credit card statements and bank statements to see what you actually spent. If you spent more on a particular category, make sure you know why, or look for ways to cut back. 12 Clean up Go through your files at the end of each year and throw out bills and receipts no longer needed for auditing/budgeting purposes.
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 51
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 Jul 25 - Aug 8, 2014 Volume 04 Issue 15
Jul 25 - Aug 8, 2014 Volume 22 Issue 15
PREMIER PARKSIDE VILLAS Unobstructed views to a 4 acre park developed by the City of Surrey
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TOP 10 MONEY TIPS FOR HOMEBUYERS
DOWNSIZE YOUR HOME: UPSIZE YOUR LIFESTYLE
RIVER GREEN WATERFRONT LIVING ELEVATED WITH ART IN THE COMMUNITY
10 MINUTES WITH GVHBA CHAIR LYNN HARRISON
HOT WEATHER: HOT REAL ESTATE MARKET
INSIDE THIS ISSUE
EXPLORING CASH BACK MORTGAGES
12 EASY STEPS TO BEING ORGANIZED
NCG VAN Cover-07-25-2014.indd 1
2014-07-18 1:57 PM
FREE METRO VANCOUVER EDITION www.homedecorandrenovations.com
July 4 - August 1, 2014 Volume 22 Issue 07
JULY-AUGUST 2014 VOLUME 13 ISSUE 4
Metro Vancouver Edition PLUS
FUTURISTIC BATHROOM
MUST-HAVES
QUALITY. CONVENIENT. AFFORDABLE. PLEASE CALL:
604.433.5321
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WHY RENTERS NEED INSURANCE
RJR CONSTRUCTION GIVES A BORING BUNGALOW A CLASSIC CHARACTER MAKEOVER
READ AND UNDERSTAND YOUR MOVING CONTRACT
View our Magazines online at NewHomeGuide.ca Like Us on facebook.com/NewHomeGuideMetroVancouver
• ATLANTIC CANADA • CALGARY • EDMONTON • MONTREAL • VANCOUVER • WINNIPEG
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JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 53
RO SS RD
NM
Sky H
wy
R VE GO TR
Sea To
EN D
NORTH SHORE | SQUAMISH | WHISTLER DEPOT RD
DR ORO
UG H
LONSDALE AVE
DR E NS
CHEAKAMUS WAY
1a MARINE DR
GA
A10
RI
BOULEVARD
BA I LD
MARINE DR
S
Y WA W AY
KI
E YR
DR
NT
A9
S ND LA GH
A8
y
a
Se
VE R GO
NM
E NT
To
Sk
y
w
RD
LOGGERS LN
QU E E NS WAY
RAVEN DR
A2. REMIX
A8. T HE ANCHOR
A3. L ODEN GREEN
A9. T HE SHORE
2135 Heritage Park Lane 604.988.0022
ROBIN DR
99
A4. O RIZON ON THIRD Sale Centre 21 Lonsdale Ave 604.638.6240
A5. 1 5 WEST
CH E
B UC
SQUAMISH
KLEY AVE
UD TEA PLA
AR
VAL LEY
DR
2N
3R
R
VE YA WA V ST TA WE NU VE ST E KA CH OC L M DR HE RD O ILF GU
DA VE DA VE
CL
54 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
KEITH RD E
A7. CENTERVIEW
#103 - 735 West 15th St 604.924.4488
FINCH DR
DR
RD
LYNN CANYON PARK
MT SEYMOUR PKY
A1. LOCAL ON LONSDALE W 17th Street and Lonsdale 604.998.0219
BRENNAN PA R K
KE
EY LL VA
A3
rton
Dolla
NORTH SHORE
CENTENNIAL WAY
MAGEE ST
A7
A4
N
E L R D MAI N LEVE ST LOW
STANLEY PARK H
A5
N LY
A6
A1
KEITH RD W SEABUS
HI
MAMQUAM RD
A2
Mountain Hwy
TH B
MATHERS AVE
DEMPSAY RD
SD AL EA VE
DR
LIGHTHOUSE PARK
DALE R D
LO N
INE
CH IPPE N
CAPILANO RIVER REGIONAL PARK
PERTH DR
MAR
RD
STE V
L OW
SOU
R CYP
B ESS
TANTALUS RD
CYPRESS FALLS PARK
15TH ST
NELSON CANYON PARK
LYNN HEADWATERS REGIONAL PARK
21ST ST
DR
CYPRESS
25TH ST
RUN
CYPRESS BOWL RD
EAG LE
NORTH SHORE
RR
Y DR 5th just off Lonsdale 1 604.980.9949
A6. C ANYON SPRINGS 2517 Mountain Hwy 604.973.0298
1308 LONSDALE AVE 604.988.8540 131 E 3rd St 604.988.8800
Presentation Centre 238 Fell Ave 604.980.0016
A10. HEYWOOD ON THE PARK 1621 Hamilton Ave 604.985.0003
Hwy
NORTH SHORE/SQUAMISH/WHISTLER
WHY RENT?
When you could own brand new
HEYWOODLIVING.CA 604.985.0003
W 17TH ST MARINE DR
W 15TH ST
1 BEDROOMS STARTING FROM $288,900
MACK AY
AV E
HEY W PAROOD HA K MIL TO NA VE
Luxury 1–3 bedroom condos, bordering on 39.5 acres of protected parkland with no direct neighbours, in North Vancouver.
N TO IL M A H
N
TOBRUCK ST
16TH ST W E AV
MA RIN E
DR
VISIT OUR SALES CENTRE 1621 HAMILTON AVE, NORTH VANCOUVER OPEN HOURS 12–5PM DAILY (CLOSED FRIDAYS)
Prices correct at press time and are subject to change without notice. E.&O.E. Marcon PC Urban Homes Ltd.
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 55
大溫哥華版
Greater Vancouver Edition
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To book your advertising, please call 604-519-6080. Free translation provided.
NORTH SHORE/SQUAMISH/WHISTLER
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 57
LV D KW AY B
UB TEA PLA
COAST MERIDIAN RD
RIDGE PARK
ET R
EE
WA Y
PA R
LVD
COQUITLAM | PORT COQUITLAM | PORT MOODY | PITT MEADOWS
LA NS BL VD DOW
NE
C1
DR
Barnet Hwy
ST JOHNS ST
V
VICTORIA DR
LINCOLN AVE
COQUITLAM CENTRE
DEWDNEY TRUN K RD PRAIRIE AVE LD
R
SY ES
Lo
T
DAW ES
ed H
H IL LR
HN
SH
Hwy
KI
heed
B2
NG
he
ed
SW AY AV E
Hw
DOMINION AVE
y
B4
DEWDNEY TRUNK RD
DEWDNEY TRUNK RD
Lo
ug
D
COLONY FARM REGIONAL PARK
wy
ary
l Hil
he
ed
Hw
y
s as
MEADOW GARDENS GOLF COURSE
p By
M
FORD RD FRASER RIVER
COQUITLAM Sales Centre #408 - 552 Clark Rd. Burquitlam Plaza 604.492.0222
A2. CHARLAND
102 - 1020 Austin Ave. 604.492.3388
DEWDNEY TRUNK RD
A3. BLUETREE HOMES AT MACKIN PARK
Brunette & Lebleu Presentation Centre located at 1020 Austin Ave. 604.939.8874
A4. UPTOWN
bosaproperties.com 604.93.2677
PORT COQUITLAM
PORT MOODY
B1. ORCHID
C1. THE STATION GOLDEN EARS
2455 Wilson Ave. 604.866.4206
B2. ALTURA
2345 Welcher Street 604.552.5887
B3. PRIMA
#110 - 2255 Wilson Ave 604.945.3999
B4. FREMONT GREEN
Fremont Connector www.mosiachomes.com/fremont-green
58 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
HARRIS RD
HAMMOND RD PITT MEADOWS AIRPORT
A1. REGAN'S WALK
123RD AVE
2708 St Johns StBRIDGE St Johns & Moody St 604.492.3338
207TH ST
VE TE A
ghe
ug
AU G
A3
Lou
B3 B1
Loug
AUSTIN AVE
A2 NE BRU
MARI NE R WAY
MUNDY PARK
MUNDY ST
AUSTIN AVE
LINTON ST
SMITH AVE
COMO LAKE PARK
OTTAWA ST
MA
ST
ER
COMO LAKE AVE GATENSBURY ST
A1
A4
BLUE MOUNTAIN ST
NORTH RD
CL
AR
KE
RD
TH
210TH ST
PIONEER MEMORIAL PARK
DR
203RD ST
INLET PARK
TA IN
IA
S BONSON RD
ROCKY POINT PARK
UN
R TO IC
HARRIS RD
y
w H
SHORELINE PARK
DAV ID A VE
TOWN CENTRE PARK
CEDAR DR
MO
COAST MERIDIAN RD
D
R IT AG E
JOHNSON ST
t ne
r Ba
OR
HE
PI N
DAVID AVE IOC
RR R IVE
D
You’ll love your strata fees
$0
Buy now and we’ll pay your strata fees for 2 years*
Move-in Fall 2014
New in-building display suite now open Call today to book a tour 604.939.8874 More Space. More Value. Homes up to 1,028 sq. ft. 1 bed from $199,900 2 beds from $319,900 See more at bluetreehomes.ca
Prices are subject to change without notice. GST not included. E&O.E.
Sales Centre open daily Noon to 5 (closed Friday) 211 – 1020 Austin Ave., Coquitlam 604.939.8874
HOME SWEET HOME
// BY LYDIA MCNUTT
DO-IT-YOURSELF, OR GO WITH A PRO?
Lydia McNutt is an award-winning writer and editor of New Condo Guide. Lydia’s love of architecture, interior design and the written word have landed her happily at home at Wall2Wall Media, where real estate rules. Email Lydia.McNutt@wall2wallmedia.com, and follow her on Twitter @LydiasTweets
R
ight on track with what is the busiest moving day across Canada, my own family is packing up and moving out. Over the past couple of months, my columns have documented my experiences in the home selling and buying process, and now I find myself at the peak of all the excitement. I’ll admit that I haven’t changed homes very many times in my life. I can count my moves on one hand. And after going through the process of packing, clearing and cleaning a whole house worth of stuff – or “junk,” as my husband affectionately calls it – I can honestly say that moving officially tops my “most-hated things to do” list. The fact that my husband and I opted for a do-ityourself move doesn’t help matters.
60 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
What also complicates things is the fact that my sale and purchase close on the same day. So, between running to my lawyer’s office, renting vans – yes, plural – packing up the last of our “junk,” moving out and moving in, it’ll be a hectic day to say the least. I must say, my husband and I are on track with it all, but I can certainly see why many choose to go with a pro rather than taking the DIY route. Sure, doing it yourself gives you some control – of your stuff, your timing, and your costs. Unless you’ve made errors in judgement, in which case, all that goes out the window. You’ve “eyeballed” your house and its contents, and you’ve chosen a truck that “should be big enough.” But half-way through loading it, you realize you’ve only packed a quarter of your stuff and now your options are to rent a second truck, run about 20 loads of boxes to Mom and Dad’s place, or get rid of a lot of stuff. It’s not a decision you want to make at the last minute, which is when the realization that you’re not properly prepared usually sets in. If you’ve ever moved, you’ll likely agree that using a professional moving company is worth every penny. Many moving companies offer services far beyond just loading the truck and driving it across town. Movers can help you plan your moving day, pack, and even unpack for you. They will assess the size of truck you’ll need, the amount of packing materials and what kind, and they know how to handle awkward and heavy pieces that might otherwise leave you scratching your head. Professional movers know to expect the unexpected, ensuring you’re not stuck at crunch time. When you’re shopping for a moving company, don’t expect to find one at the last minute – especially if you’re moving at the end of June or July, like many other Canadians also are. Do your research and hire a reputable company well in advance. The Canadian Association of Movers offers some tips when shopping for a moving company: » Find reputable movers through the Canadian Association of Movers. » Check with the Better Business Bureau (BBB), and/or your provincial government’s consumer protection agency. » Ask three movers for estimates in writing. » Get the terms and conditions of your move in writing. » Ensure you know how your goods will be protected for loss or damage. The next time we move – which won’t be for a very, very long time – we will seriously consider hiring a professional mover to literally shoulder some of the burden.
COQUITLAM/PORT COQUITLAM/PORT MOODY
MORE LIVING. LESS MOWING.
Regan’s Walk offers you everything you love but none of the things you don’t:
RD
NORTH RD
E LAKE AV REGAN AVE
BURQUITLAM STATION
CL A RK E
• Easy ownership means more time to read than weed • Centrally located within a thriving, walkable community steps from SkyTrain • Spacious 1 bed -- 3 bed + den homes from 580 -- 1102 sq.ft. • Enhanced outdoor living with private yards • Construction underway, move-in Spring 2015
COMO
SALES CENTRE
SMITH AVE
COTTONWOOD AVE
Over 70% of homes are sold, so hurry in and choose your home today. SALES CENTRE + DISPLAY HOME Burquitlam Plaza, 408 – 552 Clarke Rd., Coquitlam. Open Daily Noon – 5pm (except Fridays)
604.492.0222 REGANSWALK.CA
Marcon Regan Homes Ltd.
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 61
COQUITLAM/PORT COQUITLAM/PORT MOODY
LIVE BIGGER - LIVE BETTER NOW SELLING
40% SOLD
• Unique collection of 35 custom designed homes • Large Patios (438 - 627 sq. ft.)
First Time Buyers
ONLY 5% DOWN
Starting from
$158,000 www.lrggroup.ca/altura
VISIT OUR PRESENTATION CENTRE 2345 Welcher Street Port Coquitlam, BC T: 604.552.5887
62 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
Tuesday to Friday 12pm to 6pm Saturday and Sunday 11am to 5pm Closed Mondays
COQUITLAM/PORT COQUITLAM/PORT MOODY
Occupancy 2015
Orchid Riverside Condos from
PRESENTATION CENTRE: Open Daily Noon - 6 PM (except Fridays) Traboulay PoCo Trail tlam
i Coqu
River
Orchid Presentation Centre
Gates Park
$188,900
Orchid’s carefully crafted layouts showcase urban contemporary design inside and out with everything you love at your doorstep. You’re only steps from the river, adjacent to the Traboulay PoCo Trail and a 5-minute walk from the West Coast Express. On-site amenities include 3 fitness rooms, a yoga studio, sauna, theatre room, pet washing room and a bicycle workshop... to name just a few.
2455 Wilson Avenue, Port Coquitlam WE ACCEPT DEPOSITS PAID BY: Cheque • Credit Card • Bitcoin Quantum Properties, a British Columbia company, has been developing properties and constructing multi-family residential and commercial buildings since 2000. The Quantum Properties Group of Companies includes Quantum Realty and Quantum Properties Construction. Marketed by Quantum Realty Inc. and Trevor Street PREC, Keller Williams Elite Realty. 778.846.9096. Managed by the Quantum Properties Group of Companies. This is not an offering for sale. Any such offering may only be made by disclosure statement. E. & O. E.
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 63
VI
CT
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
4
DEWDNEY TRUNK RD
227TH ST
224TH ST
123RD AVE 203RD ST
DEWDNEY TRUNK RD
1
HAMMOND RD
240TH ST
PITT M EADOWS
S BONSON RD
207TH ST
AIRPORT
R IVE
R RD
2
3
116TH
248TH 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. SIGNATURE AT FALCON CENTRE 11862 226th Street 604.477.1500
2. REFLECTIONS ON THE RIVER
22327 River Road www.reflectionsliving.com
3. RIVERS EDGE 11580 223 St. 604.318.5254
4. 223 NORTH
#102 - 22308 Lougheed Hwy 604.463.0588
64 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
JAC KS O
ed
ghe
Lou
N
DR MACLU RE
240TH ST
OTTAWA ST
PITT MEADOWS | MAPLE RIDGE
PITT MEADOWS/MAPLE RIDGE
NOW
LIN L E S
G
Reflections on the River is a boutique waterside community on the Fraser River in Maple Ridge. Features include over-sized windows bringing the outdoors in, spacious kitchens with gas ranges and folding accordion doors leading to large south facing terraces perfect for entertaining. Reflections on the River, the perfect choice for your next big step in life.
ONE, TWO AND THREE BEDROOM HOMES UP TO 1,530 SQ FT IN A BOUTIQUE WATERSIDE COMMUNITY N
VANCOUVER
RIV
ER R
D
7 FR
NE
AS
ER
RI
VE
YB
N
HA
SIO
MIS
604.467.0692
DOWNTOWN MAPLE RIDGE
LOUGHEED HIGHWAY
223
Open Daily Noon-5pm 22327 River Road Maple Ridge, BC
DEWDNEY TRUNK RD
222 ST
PRESENTATION CENTRE
YP
AS
S
R
NOW SELLING • VISIT OUR PRESENTATION CENTRE AND FULLY-FINISHED WATERSIDE SHOW SUITE TODAY reflectionsliving.com JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 65
SEARCH MATCH POST
Vancouver, BC
DOWNLOAD NOW AND FIND YOUR NEXT HOME
RentersGuide.ca
PITT MEADOWS/MAPLE RIDGE
W ! NOLING SEL
LUXURY WITHIN REACH
AT FALCON CENTRE
Signature at Falcon Centre is a truly exceptional collection of condominiums with a classic red brick exterior in the heart of downtown Maple Ridge. Over-sized windows, expansive living space, and landscaped gardens make the most of the area’s beautiful surroundings. Customization available for a limited time.
Register today to learn more! TWO BEDROOM AND LARGER HOMES PRICED FROM THE MID $200,000’s PRESENTATION CENTRE
AT FALCON CENTRE
LOUGHEED HIGHWAY VANCOUVER
RIV
7 N
ER R
D
FR
A
HA
N
SIO
MIS
604.477.1500
DOWNTOWN MAPLE RIDGE
226 ST
Open Daily noon-5pm 101 - 11882 226 Street Maple Ridge, BC
DEWDNEY TRUNK RD
222 ST
PRESENTATION CENTRE
SE
NE
R
RI
V
ER
YB
YP
AS
S
This is not an offering for sale. Any such offer can only be made with a disclosure statement. E&O.E.
signaturefalconcentre.com JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 67
VA N C O U V E R | D O W N T O W N VA N C O U V E R SEABUS
ED
19
E 1ST AVE
17
5 E BROADWAY
E BROADWAY
KI
NG
E 12TH AVE
SW AY
1 QUEEN ELIZABETH PARK
E 33RD AVE
KNIGHT ST
E KING EDWARD AVE E 29TH AVE
18
W 41ST AVE
R
3
E 41ST AVE
15
12
W 49TH AVE
W 57TH AVE
RI
W 70TH AVE
SW
MA
NE
E 49TH AVE
DR
SE MARIN E
DR
1. EMPIRE AT QE
6. TATE DOWNTOWN
11. KEEFER BLOCK
16. OXFORD
2. LIDO
7. SAIL
12. BOULEVARD PRIVATE RESIDENCES
17. MARQUEE ON THE DRIVE
13. FRAMEWORK
18. SKYWAY
4500 Cambie St. 604.687.8800
1650 Quebec St. Presentation Centre 830 Hastings St 604.872.2672
3. WALL CENTRE CENTRAL PARK
Boundry Road & Kingsway 604.874.9232
4. MODERN
1001 Harwood St 604.879.2010
5. 5. MIDTOWN
589 E Broadway Broadway & Caroline 604.563.3330
1265 Howe St 604.568.8283
108 - 3479 Westbrook 604.221.8878
8. RADIUS
4th Ave. & Fir 604.731.5522
Keefer St & Main St 604.682.8813
6493 West Boulevard 604.685.5778
Pender & Main Street 604.620.6223
9. THE RESIDENCES AT WEST
14. ADDITION
10. FOCAL
15. JADE
195 W. 2nd Street 604.707.9378
209 East 7th (Main & 7th) Presentation Centre: 329 E Broadway 604.563.6777
68 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
Hornby & Helmken 604.620.6692 5965 Fraser St 604-338-5233
2137 E Hastings 604.779.0091
2250 Commercial St 604.559.2011 2699 Kingsway 604.808.6038
BOUNDARY RD
RIN
AVE
VICTORIA DR
MA
W BROADWAY
MAIN ST
SW
DUNBAR ST
L AL
W KING EDWARD AVE
PACIFIC SPIRIT PARK
INAL
W 12TH AVE CAMBIE ST
KM
7
W 16TH AVE
2
W 6TH AVE
OAK ST
OO 6T
W1
W BROADWAY
8
OAK ST
W 10TH AVE
VE HA
9 BURRARD ST
ALMA ST
W 4TH AVE
TE R M
CORNWALL AVE
MAIN ST
REY RD
5
16
VENABLES ST
6 POINT G
JERICHO BEACH PARK
LVD
BR ST WE
UBC
E DR
LLOR B
GRANVILLE ST
NCE
ARBUTUS ST
CHA
MCDONALD ST
AR IN
E HASTINGS ST
11
RENFREW ST
4
NW M
13
14
COMMERCIAL DR
BURRARD INLET
VANCOUVER
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 69
BUYER PROFILE
RICH HISTORY, CONTEMPORARY OUTLOOK Richard and Danika at Marquee on the Drive // BY SUSAN M BOYCE
“We did investigate a few lofts in Chinatown, but the just felt they were too far away from everything we love about The Drive.” Then one day Danika spotted a grand opening ad for Marquee on the Drive. It sounded perfect, plus it was ready for immediate occupancy. “It’s a heritage conversion — the lower part of the building used to be the old Vancouver East Theatre,” Richard says. “And the really cool thing is that Danika grew up in East Vancouver, so she used to go to movies there as a kid.” The minute they stepped inside, the couple knew this was the one. “We bought right then on opening weekend,” Richard says. “And we moved in as quickly as possible to take advantage of all the activity of World Cup on The Drive.”
r
ichard and Danika always knew The Drive was their number one pick when it came to the neighbourhood they wanted call home. It was all about the vibe. “I love having live music everywhere,” Richard explains. “There are so many great restaurants and more opening every day. And there’s a ton of coffee shops.” He laughs. “I drink a lot of coffee.” There was just one problem. They didn’t think they could afford to buy there. “We wanted to stay under $500,000, but after looking for over six months, all we could find were tear-down, older houses for $600,000 or more,” Richard says.
70 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
Celebrating Life The couple’s new home is a one-bedroom overlooking the heritage houses to the east. “Finally, we’ve got a patio — it’s the first time we’ve had our own outdoor space in ages,” Richards says. “In fact, the very first thing we did when we moved in was ride our bikes over to Parallel 49, pick up some beer, than roll a blanket out on the deck, and have a drink together. It might sound a bit cliché, but it was absolutely perfect.” Their new location has also had an unexpected impact on Richard’s life. “Danika and I are very artistic,” he explains, noting they both currently work for Electronic Arts. “But I’ve also been a musician all my life — first as a drummer and then on the keyboard.” Recently, however, he’d put that part of his life aside for a while. “Being here, though, gets me inspired, and now I’m actively playing again. In fact, I’ll be at the Railway Club later this week.” He flashes a grin of pure enthusiasm. “And you wait, one day I’m going to be playing right here on The Drive.” Marquee on the Drive is located at 2240 Commercial Drive. More information at LifeOnTheDrive.ca or call 604.559.2011.
VANCOUVER
IN FALSE CREEK IN FALSE CREEK
Y ISPLAS D W NE E OPEN 14 SUIT
AUG
20
BE A VIP, REGISTER NOW!
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THE WAIT IS OVER! PHASE 2 TOWER GREEN AT WEST COMING SOON Central. Sustainable. Unequalled Value. In False Creek Vancouver HOMES STARTING FROM $309,000. VISIT THE SALES CENTRE TODAY 195 West 2nd avenue, (W.2nd & Columbia St) Vancouver, BC Phone - 604.707.9378 | Email – Info@towergreenliving.com | www.TowerGreenLiving.com
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 71
CONDO PROFILE
MODERN
West End Living Redefined // BY SUSAN M BOYCE Views from Modern’s southeast penthouse encompass the cityscape, Mount Baker, and even Granville Island.
t
he roof’s complete, the crane’s down, and passers-by often pause to admire the way Modern’s neighbourhood character is beginning to shine — and yes, I’m one of them. I’ve been watching this West End residential tower taking shape for months, but today I’m getting a sneak peek inside. Hey, perks of the job. Melissa Howey from Amacon confirms my hardhat and steel-toed boots pass muster and we’re on our way up the construction elevator. Somewhere near the seventh storey, the lush, mature trees I’ve been admiring give way to a dazzling view across English Bay that just keeps getting better with every floor. This is the West End at it’s finest. Above the Rest Arriving at Modern’s penthouse level is, for me, discovering the very best of this 18-floor residence — five, two-storey penthouses with massive windows, exquisite finishings and spacious floorplans. We start at the southwest corner. Even now, with just the framing studs in place, there’s a sense this home will have an easy-going flow that’s as perfect for entertaining as for day-to-day enjoyment. A comfy looking balcony off the living room immediately seems like the perfect choice for sunset watching, but Melissa tells me this home’s private rooftop deck is going to be our next stop. One look and I’m smitten. Sailboats, the red and white Bard on the Beach tent city, Gulf Islands in the background — it’s all spread out in front of us. As we wander from suite to suite, I’m intrigued by the difference in ambiance. From one, there’s a sense of being above the city — visually connected but still quiet and private. In another, I find a totally unexpected sight corridor through the city to the North Shore Mountains and a peek-a-boo of the Burrard Inlet. “At night, when all the
72 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
ARRIVING AT MODERN’S PENTHOUSE LEVEL IS DISCOVERING THE VERY BEST OF THIS 18-FLOOR RESIDENCE. lights are on, this is stunning — so colourful and urban,” Melissa says. There’s even one with a view to Granville Island. Interior Pizzazz Final stop on today’s tour is an almost complete, third floor suite so I can check out the finishing specs. Like the penthouses, this home has a kitchen window — one of those “oh wow” factors rarely found in an apartment. It’s also got full-sized everything when it comes to appliances. “After all, if you love to cook, it shouldn’t matter which floorplan you choose,” Melissa says. “It’s the same reason why every home has air conditioning.” How cool is that — literally. Modern’s sales gallery is open noon to 5 p.m. daily except Fridays at 1035 Seymour in Vancouver. Price start at $479,900. Penthouse residences from $1.35 million. For more information, visit modernwestend.com or call 604.879.2010.
VANCOUVER
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 73
CONDO WATCH Oxford East Vancouver ON THE STREET 2137 East Hastings PRESENTATION CENTRE 2749 East
Hastings ON THE WEB liveatoxford.com INFO:604.779.0091
CONDO MARKET WATCH Condominium homes to keep your eye on
Meadows Point Maple Ridge
Kerrisdale by Cressey Vancouver ON THE STREET 49th Avenue and
West Boulevard ON THE WEB cressey.com HIGHLIGHTS Coming soon to Vancouver’s much-loved Kerrisdale neighbourhood, this dazzling four-storey, boutique condominium residence is brought to you by Cressey. Details are still in the design phase, but you can be sure this collection of spacious, high-end residences will offer all the upscale finishings you’ve come to expect from this well-known developer. Concrete construction, exceptional fixtures and finishings including marble backsplashes, as well as the famous Cressey Kitchen™ sure to bring out the innermost Iron Chef in you. Be sure to register early for this one-of-a-kind opportunity.
ON THE STREET 20331 Dewdney
The Independent at Main Vancouver
Trunk Road
ON THE STREET 285 East 10th Avenue
ON THE WEB meadowspointe.ca
ON THE WEB independentatmain.com
INFO 604.522.8970
HIGHLIGHTS Central location in the heart of Mount Pleasant is just part of what makes this mixed-use development a great opportunity to be part of one of Vancouver’s coolest, trendiest neighbourhoods. Located at the southeast corner of Kingsway and Broadway, this community is anticipated to ultimately incorporate three, concrete towers as well as lavish public outdoor spaces. Priority register today so you’re on the list to get more information as it’s released.
From cozy one-bedroom to family sized three-bedroom/three bath, this boutique collection of condos offers eye-catching, modern architecture and all the contemporary features you crave — nine- or 10-foot ceilings, generous private outdoor spaces, and in-suite washer/dryer. Upper floors offer great views of both Westwood Plateau and Golden Ears Provincial Park. HIGHLIGHTS
74 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
HIGHLIGHTS Coming soon to this fun’n’funky Vancouver neighbourhood, Oxford is a collection of 38 modern apartment residences above ground-level retail. Homes range from one-bedroom to three-bedroom and offer an intriguing red brick architecture with metallic accents plus plenty of upscale interior finishing details — luxury meets trendsetting neighbourhood. Discover this secret Vancouver gem for yourself. Prices start in the mid $200,000s
Madrona Grove Pender Island luxuryauctionhouse.com/ auctions/madrona-grove HIGHLIGHTS Okay, we know this isn’t a condo, but it’s simply too cool not to share. Located on Pender Island, a 2,662-square-foot, million-dollar-plus home has been donated to the BC Cancer Foundation (BCCF) for auction, and on August 22, 2014, will be sold via unreserved auction with 100% of all net proceeds going directly to the BCCF to fund cancer research. Perched above the ocean on a 4.42-acre parcel of land, this luxury oceanfront property is a shining example of west coast living. Artful construction features include wood from trees felled on the property, open concept design, a wrap-around sundeck accessible from all three bedrooms, plus exquisite landscaping including a tree-lined private driveway. The house was donated by Robert Conconi as a thank you for the exception care he received from BCCF while he battled — and beat — throat cancer. ON THE WEB
Tell Us Your News Got a new development, opening, or other news you’d like us tofeature in Condo Market Watch? Drop us a note at condomarketwatch@wall2wallmedia.com, and we’ll do our best to get it in the next edition.
Single entry lounge pass starting from $33.25 tax inclusive ($24.50 children ages 2 – 11) for 2 hours lounge use. 3 hour and 6 hour lounge use also available** ** Online bookings only; higher rates apply for walk-in lounge use
All amenities are included in the price of entry including bar service after 11:00 a.m. (Toronto, Vancouver) and 10:00 a.m. (Edmonton)
For online bookings go to www.plaza-network.com/booking/FlightInfo.aspx?ECONREF=W2W2014
// BY WAYNE KARL
FUNDAMENTALLY SPEAKING
MORTGAGE 101:
Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics of buying property. Email Wayne at wayne.karl@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl
M
ortgage interest rates, still at historical lows and expected to remain so until later this year and maybe even into 2015, represent a window of opportunity for those looking to buy a home. The Bank of Canada, in its latest rate announcement on June 4, once again held its influential overnight target rate at one per cent – where it has been since September 2010. Indeed, the mortgage industry remains ultra-competitive, lenders often introduce new products and otherwise there are plenty of options for borrowers. If you could lock in at a low rate over 10 years, for example, that gives you the comfort of knowing what your mortgage payments will be over that period, while over that time you can also take advantage of any
76 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
Learning as much as you can is time well spent
pre-payment and lump-sum payment options to pay down your mortgage. Another appeal of this scenario is that, as we often point out, experts advise you take a long-term view of your home purchase. For example, there has been some talk recently about cooling prices and softening sales. But even if that were to happen in your market and housing type, ask yourself: in 10 years, is a home you buy today likely to be worth more or less? If you need an answer to this question, just take a look back at prices 10 years ago. Of course, there are no guarantees, but if you’re in the homebuying mode anyway, today’s low rate environment makes a pretty compelling reason to act sooner than later to take advantage of these opportunities. Low rates notwithstanding, the banks, financial firms, brokers and other experts still advise homebuyers to practice smart borrowing – everything from putting down a larger down payment to taking advantage of pre-payment options and even “stress-testing” your mortgage at a higher rate to ensure your finances can accommodate rate fluctuations or other unforeseen circumstances.
The mortgage market is a complex beast, and as a prospective homebuyer, these are not lessons you’re going to learn overnight – nor do you likely want to The mortgage market is a complex beast, and as a prospective homebuyer, these are not lessons you’re going to learn overnight – nor do you likely want to. You’re focused on saving a down payment, getting your finances in order, searching potential neighbourhoods, choosing a home and selecting interior finishings. But just as important is to also spend as much time as necessary to find a broker or banker you trust and who knows their business. More so than in any other area of homebuying, you’re going to rely on the advice of this member of your team – now more than ever. It will prove to be time well spent.
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 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 77
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.
78 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
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 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 79
BRITISH COLUMBIA’S
NEW CONDO DEVELOPMENTS PROJ ECT
T Y P E C O N TA C T P R I C E
PROJ ECT
ABBOTSFORD
Abacus Uptown Hudson’s Loft 2 Lift Mahogany at Mill Lake Waterleaf
LR LR LR HR LR
T Y P E C O N TA C T P R I C E
Grand Central 3 Hazel MTwo MThree Maya Mackin Park Oasis Regan’s Walk Uptown
604.854.1201 Call hudsonsloft.ca Coming Soon 604.557.1047 Call 604.746.1551 Call 604.850.3694 From $179,900
HR LR HR HR LR LR HR LR HR
604.936.1888 From $235,400 778.829.1500 From $220,500 604.472.9555 From $599,900 604.472.9555 From $291,900 604.288.9888 Call 604.939.8874 From $199,900 604.464.2701 Call 604.492.0222 From $199,900 604.939.2677 From $258,900
BURNABY Aldynne on the Park HR 604.541.9517 Now Previewing Altitude HR 604.456.8883 From $239,900 Aviara HR 604.291.9130 Call NORTH DELTA Brentwood HR 604.563.8386 From $299,900 Luxor LR 604.590.8003 From $199,900 CentreBlock at Univercity HR libertyhomes.ca From $239,900 Delta Rise HR 604.594.7473 From $189,000 Highland House MR 778.331.0348 From $209,900 Lift LR/TH 604.320.3386 Call LANGLEY Athenry Gate LR 604.882.8857 From $137,500 Madison LR liveatburnabyheights.com Coming Soon LR 604.534.6000 From $199,900 Cornerstone Met 1, The HR 604.899.8800 From $349,800 Elements LR 604.533.7718 From $159,900 Met 2, The HR 604.899.8800 Coming Soon Focal Pointe LR 604.377.7000 Coming Soon Metro One LR 604.435.9477 Call Kensington LR 604.427.3311 From $199,900 Metro Two LR 604.435.9477 From $439,900 Suede LR 604.514.1530 From $224,900 Metroplace HR 604.435.8866 Call Varsity LR 604.539.2200 From $139,900 Moda HR 604.439.9580 Call Yorkson Creek LR yorksoncreek.com From $179,900 Modello HR 604.456.0688 Call OakTerra LR 604.431.6033 Call MAPLE RIDGE Oro LR 604.754.7338 From $274,900 223 North LR 604.463.0588 From $174,900 Red Bricks LR 604.527.7955 Call LR 604.318.5254 Call Cascada Reflections HR 604.525.8496 Call LR 604.466.8783 From $149,900 Edge on Edge Silver HR 604.435.8866 Call LR 604.522.8970 Coming Soon Meadows Pointe Solo District HR 604.298.8800 From Low $300’s Signature at Falcon Centre LR 604.477.1500 Call Station Square HR 604.438.1113 Call LR 604.467.8884 Call Parc Vue Storybrook LR 604.528.8906 From Low $300s Reflections LR reflectionsliving.com Coming Soon Trio LR 604.218.3338 From $249,900 Rivers Edge LR 604.318.5254 From $170,900 Wall Centre Central Park HR 604.874.9232 From $299,000 Station One LR 604.467.9300 Coming Soon Wellington Station LR 604.380.0300 From $189,900 CHILLIWACK / SARDIS Garrison Crossing SF/LR/TH 604.824.5062 Call NEW WESTMINSTER La Cason LR 1.800.830.7175 From $184,900 258 on Sixth HR 604.377.9630 Call Brewery District HR 604.694.1188 Coming Soon COQUITLAM Carlyle at Victoria Hill HR 604.523.0733 Call 1123 Westwood HR 604.472.1123 Call Dominion MR 604.525.8980 Call Austin HR 604.931.0302 From Low $200’s Duo at Port Royal LR 604.520.9890 From $218,900 Bloom LR/TH 604.939.8808 From $249,900 Elliot St HR 604.524.8080 Call LR 604.492.3388 Call Charland Glass House Lofts LR 604.520.9890 Call LR 604.939.0018 From $189,900 Como Grove, The LR 604.523.0733 Call Emerson LR 604.936.9300 Call HR 604.942.2672 From $273,900 Evergreen Lookout at Victoria Hill, The LR 605.523.0733 From $239,900 Penthouse (PH)
Live Work (LW)
City Home (CH)
High Rise (HR)
Mid Rise (MR)
Low Rise (LR)
Loft (LO)
Townhouse (TH)
ConneCting buyers to the best new home o p p o r t u n i t i e s i n m e t r o p o l i ta n Va n C o u V e r new h o m es starti ng f rom t h e mid $1 0 0 ’s
FIFTHAVE.CA 80 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
n e w h o m e s a l e s and marKeting eXpertise
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
Northbank Parkside at Victoria Hill Trapp & Holbrook Viceroy
T Y P E C O N TA C T P R I C E
HR HR HR HR
PROJ ECT
604.523.0081 From $266,000 604.523.0733 From $239,900 604.525.0223 From $299,900 604.522.2583 Call
Residences, The Station, The
Aqua Elaho University Heights
Call From $134,900
PORT COQUITLAM
Altura Burleigh Walk Carmandy Fremont Green La Via Novella Orchid Prima Residences Shaughnessy, The South Verde Spring Valorie on the Park
LR LR LR LR LR MR LR LR HR LR LR LR
604.552.5887 604.464.5856 604.435.9477 604.349.9245 604.475.5100 604.866.4206 604.945.3999 604.468.8252 604.468.8252 604.351.3261 604.464.4764 Penthouse (PH)
Call Call
SQUAMISH / WHISTLER
PITT MEADOWS
778.846.3200 604.460.6601
604.552.0552 604.492.3338
Alexandra Court LR 604.278.5809 From $339,900 Avanti LR/HR 604.276.9186 From $354,900 LR/HR 604.276.0677 Call Camber Cadence HR 604.276.868 Call Carrera HR 604.244.7721 Call Concord Gardens HR 604.233.7748 From $300,000’s www.ellerichmond.com Coming Soon Elle HR Gardens, The LR 604.271.3331 From $298,800 Harmony HR 604.278.3939 From $318,800 Monet HR 604.233.7748 From $300,000’s Opal at Richmond Centre HR 604.303.7575 From $464,900 Ora HR 604.278.8838 Call Parc Riviera MR 604.231.5900 From Low $200’s HR 604.303.8878 From Low $370’s Park Residences Pier, The LR 604.274.7326 Call Pinnacle Living at Capstan HR/MR/TH 604.303.0148 From $299,900 Remy LR 604.279.8866 From $211,900 River Green MR 604.233.2633 Call From $239,900 HR 604.282.7838 River Park Place River Inlet MR/TH 604.233.2633 Call Tempo HR 604.276.8885 From $283,900 LR 604.270.2482 Call Saffron
15 West HR 604.980.9949 From $340,000 LR Coming Soon 221 East 3rd Anchor, The HR 604.988.8800 From Mid $200’s Atrium at the Pier MR/TH 604.983.9065 Call Canyon Springs LR 604.973.0298 $389,900 Capstone MR 604.929.8870 Call CentreView HR 604.988.8540 Coming Soon Drive, The LR 604.986.8138 Call Heywood on the Park LR 604.985.0003 From $288,900 Local on Lonsdale HR/LR/TH 604.998.0219 Call Loden Green TH 604.988.0022 From low $600s Maplewood North LR 604.727.1594 From $378,900 Northlands LR 604.800.2120 From $244,900 Orizon on Third LR 604.638.6240 From $504,900 Pinnacle Residences at the Pier MR 604.983.9065 Call Prescott, The HR 604.969.3333 From Mid $200’s Remix LR 604.924.4488 Call Trophy at the Pier MR/TH 604.983.9065 From $509,900 Seylynn Vilage HR 604.980,5000 From Low $300’s Shore, The LR 604.980.0016 Call Wallace & McDowell LR 604.971.2266 Coming Soon LR LR
HR HR
RICHMOND
NORTH VANCOUVER
Cedar Downs Liv42
T Y P E C O N TA C T P R I C E
PORT MOODY
City Home (CH)
1.877.344.5566 604.898.2232 1.888.852.7575
From $239,000 Coming Soon Call
HR LR LR LR LR HR LR LR LR LR HR LR
604.957.3331 604.596.2202 tiensher.com 778.395.1886 604.530.5399 604.453.6688 604.596.5075 604.727.5478 604.727.5478 604.825.1038 604.583.9866 604.817.5852
Call From $170’s Coming Soon From $118,800 From $219,900 Call From $264,900 From $199,900 From $274,900 From $179,900 Incl. GST From $250,000 From $289,900
SURREY
From $158,900 From low $199,900 From $209,900 Coming Soon From $169,900 Coming soon From $189,900 Call Call Call From $199,900 From $246,900 Live Work (LW)
TH/LR TH LR
3 Civic Plaza Ascend Balance Connect Esplanade at Waterstone G3 Residences Latitude Lingo Lumina Manarola Park Avenue Park Central High Rise (HR)
Mid Rise (MR)
Low Rise (LR)
Loft (LO)
Townhouse (TH)
JULY 25 - AUG 8, 2014 METRO VANCOUVER NEW CONDO GUIDE 81
PROJ ECT
Quattro Ridge at Bose Farms University District Ultra at West Village Verve Wave Wynd
T Y P E C O N TA C T P R I C E
LR LR HR TH/HR LR HR HR
604.581.8000 604.888.514 604.588.5795 604.588.6999 604.588.3783 604.951.9283 604.951.9283
PROJ ECT
HR Block One Boulevard Private Residences LR Cambie & 7th HR/TH Central HR Empire at QE Park MR Granville at 70th HR Kerrisdale Gardens MR Lido HR MC2 HR Meccanica HR Midtown LR Opsal HR Pinnacle Living Broadway MR Pinnacle Living False Creek MR Prodigy HR Radius LR Sail LR LR Shannon Wall Centre Kerrisdale Sixth and Willow The One HR/MR Tower Green at West HR The Village on False Creek HR W10th & Maple MR/TH Westerly, The LR
From $159,900 From $174,900 From $221,900 From $186,900 From $160’s From $279,900 From $199,900
CLOVERDALE
Latis One92 Salix
LR LR 604.576.1772 LR 604.530.0054
From $194,900 From $199,900 From $229,900
VANCOUVER & AREA DOWNTOWN
188 Keefer LR 999 Seymour HR HR Addition Fairmont Pacific Rim Estates HR Keefer Block LR HR Maddox HR Mark, The Modern HR HR One Pacific Private Residences at Hotel Georgia, The HR Rolston, The HR Sapphire, The HR Tate on Howe HR Trump International Hotel and Tower® Vancouver HR
T Y P E C O N TA C T P R I C E
604.620.2018 Call 604.879.9996 From $327,400 604.620.6692 From $349,900 604.781.4303 Call 604.682.8813 From $269,900 604.669.8200 $389,900 604.687.4353 Call amacon.com From $300’s 604.899.8800 From Low $300’s 604.682.8107 Call 604.688.8927 Call 604.876.9222 From $685,000 604.568.8283 From $268,000 604.568.7888 Call
604.682.8801 Call 604.685.5778 Call 604.568.5060 Call 604.687.4353 Call 604.687.8800 From Mid $300’s 604.687.2298 Call 604.559.9848 Call 604.872.2672 From $513,900 604.638.9998 Call 604.876.8819 From $394,900 604.563.3330 Coming Soon 604.876.7332 Call 604.739.2080 From $399,900 604.874.8368 From $369,900 604.221.8878 From High $300s 604.731.5522 Call 604.221.8878 Call 604.267.8882 Call sixthandwillow.com Coming Soon 604.874.8368 From $349,900 604.707.9378 Call 604.733.2010 From $390,500 604.739.2080 From $429,900 604.558.3399 From $300,000’s
TSAWWASSEN EAST SIDE
238 W Broadway Bohème Collection 45 Evan Focal Jade Kensington Gardens Local Main Street Marquee on the Drive Shine Shoreline Skyway View338 Wall Centre 900 Hastings Wall Centre Central Park
LR LR LR MR LR LR MR LR LR LR MR LR HR LR MR HR
Brio Tsawwassen Springs
238westbroadway.ca Call 604.569.3388 From $227,900 604.569.1555 Call 604.872.0331 From $269,900 605.563.6777 Coming Soon 604.338.5233 Call 604.620.7886 Call 604.688.5527 From $349,900 604.877.1116 From $339,900 604.559.2011 Call 604.261.3936 Coming Soon 604.434.2205 From $349,900 604.436.1100 Call 604.303.8838 From $219,900 604.683.0900 From $249,900 604.874.9232 From $299,900
WEST VANCOUVER
Galleries on the Bay
LR MR MR HR
604.568.7551 604.620.8600 604.738.0001 604.646.1111 Penthouse (PH)
Adagio Avra Edgewater Gemini Headwaters Heights, The Kingston House Newport at West Beach Royce Saltaire Sausalito South Point Walk Winter Street
Call From $528,800 Call From $499,900 Live Work (LW)
City Home (CH)
LR
604.836.7355
From $490,000
WHITE ROCK / SOUTH SURREY
WEST SIDE
5555 Dunbar 99 West Arbutus Ridge Binning Tower
LR 604.943.8811 Call SF/LR 604.948.HOME Call
High Rise (HR)
Mid Rise (MR)
Low Rise (LR)
LR HR LR LR LR LR LR LR LR LR LR LR LR Loft (LO)
604.531.6659 From $288,900 604.531.9030 From $319,900 604.818.5603 From $339,900 604.536.1663 Call 604.560.5535 From $219,900 778.545.8737 From $364,900 604.541.8092 From $259,900 604.536.0256 From $289,900 604.538.8028 From $314,900 604.560.1656 Call 604.538.3237 Call 604.560.3238 From $230’s 604.364.7455 From $299,900
Townhouse (TH)
New homes available throughout
www.macmarketingsolutions.com Metro Vancouver & Calgary We sell the homes you want to buy. /MacMarketingSolutions 82 METRO VANCOUVER NEW CONDO GUIDE JULY 25 - AUG 8, 2014
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COLLECTION OF ARAGON HOMES NOW SELLING & MOVE IN READY
VISIT ARAGON.CA
DESIGNFORWARD ARAGON.CA THE STATION Our collection of 1-2 bedroom condos and modern townhomes are equipped with a geothermal heating and cooling system that keeps you cool in the summer and warm in the winter. These design inspired, move-in ready homes are within walking distance to the new Evergreen Line and the heart of Historic Port Moody. Starting in mid $200’s. Call or visit: 2708 St. Johns Street, Port Moody, 604.492.3338
1 – 3 bedroom riverfront loft-style condos. 604.520.9890
Heavier opton for large scale use (ex. sig
1 – 2 bedroom condominiums starting in the mid $300’s. 604.520.9890
*Prices and availability subject to change or be withdrawn without notice and do not include taxes. E&O.E.