Issuu

Aug 23 - Sept 6, 2013 Volume 03 Issue 17

HLY

6 1

DO YOU WANT TO BE A

TENANT FOREVER?

WALL CENTRE CENTRAL PARK

PRICES SO GOOD WE ARE PROUD TO SHOW THEM! TURN OVER FOR EXAMPLES OF THE INCREDIBLE VALUE

45 68 19

TED BY

INSIDE THIS ISSUE

GAIL VAZ-OXLADE: DEBT FREE FOREVER

MORTGAGE POINTERS ON BUYING PRESALE

ROYAL LEPAGE: HOUSE PRICE GAINS FOR REMAINDER OF 2013

LIVE HERE. WALK EVERYWHERE. THE PERFECT MIX OF CONVENIENCE & CONTEMPORARY STYLE.

ROYCELIVING.COM

205712_Royce_Walkable_Ad_NHBG_June2013_prd01.indd 1

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Penthouse & Terrace Homes N. BLUFF/16TH AVE.

THRIFT

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

from $332,300

EVERALL

With no home maintenance to worry about, you’re able to enjoy life to the fullest in the heart of the beautiful beachside village of White Rock. Whether you’re sipping a coffee along the beach promenade, taking a long leisurely bike ride through Sunnyside Park trails or shopping to your heart’s content, Royce offers an exceptional lifestyle within a short stroll from your front door.

1 Bed & Dens

OXFORD

The luxurious residences at Royce provide a lifestyle that few can rival.

from $1,229,300

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

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

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

2013-07-10 2:54 PM

105 AVE

156 ST

154 ST

152 ST

104 AVE

100 AVE

AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 3

YOUR GREENER PATH. Every aspect of a Maskeen home is guided by our belief that the homes we live in should be respectful of our natural surroundings.

Studios & 1 Bedrooms starting from

$159,900 Including Net GST

604.727.5478

lingoliving.ca Now Selling Open Daily 1-5pm (Except Fridays) 5665 177B Street, Surrey, BC

2 & 3 Bedrooms starting from

$274,900 Including Net GST

604.727.5478

luminaliving.com Sales Centre Opening Soon

Over 20 Years of Sustainable Building Experience. maskeen.ca

SALES AND MARKETING BY ROYAL LEPAGE CORONATION PARK

205913_Maskeen_MultiProject_NHG_prd01.indd 1

2013-07-30 10:45 AM

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

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REGiSTER NOW REGANSWALK.CA This is not an offering for sale as such an offer can only be made when accompanied by a disclosure statement. Rendering is an artist’s concept only. E.& O.E.

AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 7

TABLE OF CONTENTS

Aug 23 – Sept 6, 2013 VOLUME 3 ISSUE 16

WALL CENTRE CENTRAL PARK Well-deserved success

BY DIANE DUFLOT

COLUMNS, NEWS & FEATURES 012 EDITOR’S NOTE

COLUMNS

030 CONDO SENSE Mortgage pointers on buying presale

BY CAMERON MCNEILL

040 FINANCES Getting debt-free forever BY GAIL VAZOXLADE

052 QUICK TIPS Go vetical or go home: Use the wall to store it all BY HELEN BUTTIGIEG

054 STYLE FILE The humble chair BY LAURA STEIN

IN THE NEWS

020 ROYAL LEPAGE

Forecasts house price gains for rest of 2013

048 JULY HOUSING STARTS Canadians throw caution to the wind

HOMEBUYERS’ HELP

014 CONDO MARKET WATCH Condominium homes to keep your eye on BY SUSAN M BOYCE

064 LISTING DIRECTORY

BORN IN NEW YORK. REFINED BY CRESSEY.

604.876.8819

MAIN ST

EAST 1ST AVE

meccanicabycressey.com

MAIN ST

Pricing subject to change without notice. E.&O.E.

QUEBEC ST

If you live in the city, you need a home designed for the city. At Meccanica by Cressey, find one that offers air conditioning for hot summer nights. A big, bright, south-facing entertaining space and nine-foot ceilings. Views over a landscaped courtyard. A quiet, tucked-away bedroom. Plus, clever storage solutions everywhere you look. Gorgeous one-bedroom homes with everything you’ll need to adore city living. From $394,900.

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

QUEBEC ST

Introducing the New York-Inspired Urban Flat

EAST 1STVANCOUVER AVE AUG 23 - SEP 6, 2013 METRO NEW CONDO GUIDE 9

Vice-President, Wall2Wall Media

Jacqueline Hill Editor-In-Chief, National Real Estate

Susan Legge Director of Sales, Western Canada

Josh Heppner Art Director

Sarah Jang Editor

Diane Duflot Contributing Editors

CONDO PROFILES

Sara Duck Wayne Karl Design Editor

Yanic Simard

Account Executives

NORTHLANDS IN NORTH VANCOUVER

Dave Bird 604.319.7102 Brenda Everitt 604.319.7103

North Shore living at its best

Sales Coordinator

Justin Salvador Ranee Pal

BY DIANE DUFOT

Production Manager

Bala Gnanapandithan

LATITUDE IN SURREY

Bright, open design

Production Co-ordinator

Laura Northmore

BY DIANE DUFOT

Graphic Designer

Caroline Wassef National Account Manager, Mediative

Paul Slizys PUBLISHED BY

Q&A WITH SCOTT BROWN

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

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

Boomer trends in downsizing

BY SUSAN M BOYCE

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

ADVERTISING

62 MAPS

015 Vancouver

050 Richmond

024 North Shore

056 Tri-Cities

032 Surrey/Langley

060 Pitt Meadows/ Maple Ridge

046 South Surrey/ White Rock

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

ONE, TWO & THREE BEDROOM HOMES ON THE EVERGREEN LINE STARTING FROM $283,900 233 HOMES SOLD. 86 HOMES AVAILABLE. VISIT US TODAY.

EDITOR’S NOTE

SO MUCH TO GAIN From a little downsizing

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

Are there one too many empty rooms where you currently live? Perhaps you’re thinking what life would be like if you didn’t have to worry about chores such as gardening, raking and exteriors that need painting. There’s a lot to be gained in your lifestyle when you decide to do a little downsizing. Lifestyle opportunities abound in this issue, and you won’t have to sacrifice any of your current luxuries to get them. In fact, you may find you have more time to enjoy them than ever before! Owning a luxury suite in a new building certainly has its benefits. The fact that all of the fixtures and appliances in your suite are brand new and all of the condo’s common

areas, landscaping and facilities are taken care of means less work for you and more time to enjoy it all. Buying a strata unit is a serious decision, and a significant investment, so it is imperative that you do your homework and research the market so you can be confident that you’re getting the best builder and the most value for your money. Our publication and website, newcondoguide.ca, offer excellent resources to help narrow your search. You can view our publications online using any device, anytime. Let us know what you think of this issue. We’d love to hear from you.

MAKE THE MOST Of the space you have

DIANE DUFLOT

EDITOR

Wall2Wall Media Diane.Duflot@wall2wallmedia.com Follow me on Twitter at Twitter.com/DianeDuflotW2W

It’s not how much space you have, necessarily, but how that space can be made to work for you. Condos these days are thoughtfully put together and use space so effectively that today’s consumers really get the most bang for their buck. A well-laid out space can feel much larger than it actually is, and when quality design detail is added to the mix, a cozy condo can feel more luxurious than a sprawling mega-mansion. There’s something about a smaller space, after all, that satisfies the soul. Having everything at your fingertips has something to do with this, I think, which is why keeping a small space organized is key to making the most of it, and in this

issue’s “Go vertical or go home: Use the wall to store it all” Hellen Buttigieg gives our readers some great tips on finding unusual storage places to help keep their homes well-ordered. Also important is making your new condo your own by carefully picking out distinct furniture pieces that speak your style. Laura Stein puts you in the designer’s driver’s seat with a whimsical look at some classic and timeless pieces in “The Humble Chair.” Take these ideas along on your home shopping expeditions and use them to imagine what you might do with the spaces your looking at. Happy condo shopping!

12 METRO VANCOUVER NEW CONDO GUIDE AUG 23 - SEP 6, 2013

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EXPERIENCE PEACEFUL PARKSIDE LIVING AT NORTHBANK. WATER VIEWS + 2 BLOCKS TO SKYTRAIN + SMART, COMFORTABLE HOMES.

630 SQ.FT. 1 BEDROOM HOMES FROM THE $260’S 88O SQ.FT. 2 BEDROOM HOMES FROM THE $360’S Own from $929 per month*

Own from $1299 per month*

Northbank offers one of the Lower Mainland’s best real estate values, with stunning protected views and smart, comfortable, well-appointed homes in a quiet parkside location.

*See sales associate for details. Developer reserves the right to make changes to speciﬁcations and pricing without notice.

604.523.0081 PRESENTATION CENTRE AT 18 BEGBIE ST.

northbank.ca

condo watch

Regan’s Walk West Coquitlam 611 Regan Ave. On the Web reganswalk.ca Highlights Located in the heart of West Coquitlam, Regan’s Walk will be a short stroll to shopping, parks, schools and the new Evergreen Line for quick and easy access to downtown Vancouver. Built by Marcon, this four-storey apartment residence will feature 71 homes offering floorplans ranging from one- to threebedrooms. Bright, contemporary interiors with upscale, urban finishings. Sales and construction anticipated to begin this fall. Priority register for more information and pricing details as they become available. A great opportunity to be part of this diverse and rapidly evolving neighbourhood. On the Street

Condo market watch Condominium homes to keep your eye on

2220 Kingsway Vancouver On the Street 2220 Kingsway On the Web 2220kingsway.com Highlights Brought to you by Westbank, these homes are ideally located on Kingsway between Nanaimo and Victoria — meaning you’re close to everything including transit, shops, and urban amenities. Priority registration now underway with more details coming soon, so be sure to get your name on the list for more information as it’s released.

Kerrisdale Gardens Vancouver 2128 West 40th Ave. On the Web kerrisdalegardens.ca Info 604.559.9848 Highlights Just 27 homeownership opportunities are available at this highly sought-after location in the heart of Kerrisdale. Floorplans range from one-bedroom and den to two-bedroom and den. Designed by Riesco & Lapres, three passionate and Europeaninfluenced designers who are well known for their ability to understand the subtleties of what makes a home fit in this one-of-a-kind neighbourhood. Kerrisdale Gardens is open by appointment only and construction is underway, so give them a call soon to arrange your private viewing. On the Street

Forty Nine West at Oakridge Vancouver On the Street Cambie at 48th Ave. On the Web fortyninewest.com Info 604.620.8600 Highlights Details are still under wraps for this development located just minutes from the Oakridge Shopping Centre, Canada Line, Langara College, and YMCA, but you can be sure there’s going to be plenty of interest so priority register early. Floorplans are anticipated to range from one- to three-bedrooms. You can also expect nine-ft. ceilings, air conditioning, and amazing views in every direction. Heywood on the Park North Vancouver On the Street 1621 Hamilton Ave. On the Web heywoodliving.ca Highlights A collection of 67 one-, two-, and three-bedroom apartment homes, Heywood Park is nestled into the natural landscape Heywood Park — imagine having North Vancouver’s largest park as your backyard. Traditional brick exteriors are designed to blend effortlessly with the lush green surroundings. Interiors are spacious, bright, and open featuring fantastic views of the downtown Vancouver skyline as well as the North Shore Mountains. Sales and construction anticipated to begin this fall. Priority register for more information and pricing details as they become available. Brought to you by Marcon & PC Urban.

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.

14 metro vancouver new Condo Guide aug 23 - sep 6, 2013

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VA N C O U V E R | D O W N T O W N VA N C O U V E R

RIN

QUEEN ELIZABETH PARK

1. 188 KEEFER

8. RADIUS

2. KITS360

9. MECCANICA

3. WALL CENTRE CENTRAL PARK

10. BLUETREE HOMES ON MAIN STREET

4. FRAMEWORK

231 Pender Street www.porte.ca/framework

5. ARBUTUS RIDGE 16th Ave & Arbutus 604.738.0001

6. 5555 DUNBAR 5555 Dunbar 604.568.7551

7. SAIL

108 - 3479 Westbrook 604.221.8878

RENFREW ST

COMMERCIAL DR

E 12TH AVE

SW AY

E 33RD AVE

MAIN ST

OAK ST

W 70TH AVE

Boundry Road & Kingsway 604.874.9232

E 29TH AVE

E 41ST AVE

W 57TH AVE

1777 West 7th Ave 604.737.0360

W 41ST AVE

W 49TH AVE

188 Keefer 604.620.2018

E BROADWAY

E KING EDWARD AVE

6 ED

E BROADWAY

W 12TH AVE

4th Ave. & Fir 604.731.5522

First & Quebec 604.876.8819

King Edward & Main 604.877.1116

11. MADDOX

Howe & Drake 604.669.8200

12. KEEFER BLOCK Keefer St & Main St 604.682.8813

E 49TH AVE

SE MARIN E

BOUNDARY RD

W BROADWAY

E 1ST AVE

VICTORIA DR

AVE

KNIGHT ST

W KING EDWARD AVE

PACIFIC SPIRIT PARK

DUNBAR ST

L AL

INAL

W 6TH AVE

MAIN ST

W 16TH AVE5

2 W BROADWAY

TE R M

9 8

VENABLES ST

CAMBIE ST

VE HA

CORNWALL AVE

OAK ST

W 10TH AVE

REY RD

BURRARD ST

ALMA ST

W 4TH AVE

GRANVILLE ST

POINT G

JERICHO BEACH PARK

LVD

BR ST WE

UBC

E DR

LLOR B

ARBUTUS ST

NCE

MCDONALD ST

AR IN

CHA

16 E HASTINGS ST

BURRARD INLET NW M

14. ROLSTON

Presentation Centre: 140 - 1265 Granville Street 604.688.8927

15. SHINE

289 East 6th Avenue 604.261.3936

16. LIDO

Presentation Centre 830 Hastings 604.872.2672

17. ONE PACIFIC

33 & 66 Smithe Mews Vancouver Presentation Centre 88 Pacific Boulevard (on Pacific at Carrall) 604-899-8800

13. TRIO

4338 Commercial St Presentation Centre 768 Kingsway St 604.879.8989

AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 15

cover story

Wall Centre Central Park Well-deserved success // by diane duflot

Marketer Bob Rennie points out that buyers will find even more opportunities to head outside in “the beautifully landscaped outdoor gathering space and large community gardening plots.” On top of these outdoor amenities, Wall Centre Central Park offers buyers the Exclusive Clubhouse, which has a 60-ft. swimming pool, a hot tub and a fully equipped fitness facility — as well as fitness centres and meeting rooms in each tower.

Wall Centre Central Park has been an unmitigated success so far, with nearly 400 sold in the project’s first two towers. And it’s no wonder, with the unique juxtaposition of natural and urban landscapes on display here. The striking glass and concrete towers of Wall Centre Central Park are adjacent to the expansive greenspace of Central Park and will be complemented with tree-lined streets, peaceful paths and stunning water features.

A wonderfully eclectic group Likely, as a resident here, you’ll want to get out and meet your neighbours in these common areas, because the occupants here promise to be a wonderfully eclectic group of people. The developers conducted a survey to see who is moving in and found out that not only is the age range wide amongst future occupants — from those in their 20s to those in their 70s — but that this group is made up of first-time buyers, downsizers, end users and everything in between. And the career choices of the future residents of Wall Centre Central Park is just as diverse: some are business owners, others teachers, engineers, policemen, physiotherapists, chefs, bakers, retirees, electricians, bankers and homemakers… the list goes on! Unbeatable price for the City of Vancouver It’s no surprise that so many different types of people are gathering here: Wall Centre Central Park offers unbeatable prices for a

16 metro vancouver new Condo Guide august 9 - 23, 2013

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location within the City of Vancouver. Rennie beams, “Where else can you buy within the city limits from as low as $299,900?” The many restaurants and nearby Crystal Mall and Metrotown (which contains a SilverCity Cineplex) further sweeten the deal by granting easy access to dining, shopping and entertainment. Bright and beautiful Inside the residences, floor-to-ceiling windows provide spectacular city, water and park views and let in an abundance of natural light. Open floorplans let this light spread through the living, dining and kitchen areas, and the large balconies give each resident their own private outdoor retreat. Attention has been paid to every detail in the finishes: stainless-steel gas ranges, cabinet-fronted fridge doors, polished quartz countertops and backsplashes take the kitchens up a notch, while the marble stone countertops and backsplashes in the bathrooms bespeak refined simplicity and the ultra-wide cocoa wood-

tone laminate floors throughout the living, dining and kitchen areas keep the look pure and polished. It’s no wonder, then, that Wall Centre Central Park has already been so popular: almost 400 units have already sold in the first two towers. With the launch of the third tower soon to come, the success of this project certainly won’t let up. Homes are priced from just $229,900 for a one bedroom and $329,900 for a two bedroom. The Wall Centre Central Park Presentation Centre and its designer display suites are located at Boundary and Vanness and are open daily 12 – 5 p.m, except Fridays. For more information, call 604.874.9232 or visit Wall Centre Central Park on the web at wallcentrecentralpark.com.

august 9 - 23, 2013 metro vancouver new Condo Guide 17

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VANCOUVER

BC REC

BC Real Estat state sta te e

Convention ention

18 METRO VANCOUVER NEW CONDO GUIDE AUG 23 - SEP 6, 2013

GRAND OPENING CEREMONY FRIDAY, SEPTEMBER 6

Celebrate the graduation of the most sustainable residential homes at UBC—the first REAP Platinum and the first 6-storey wood frame building on campus. Capped with signature private roof top lanais, SAIL already has earned a prestigious international award. Robed with an intense water laden entry, SAIL will be dedicated in front of distinguished dignitaries and academics. A limited number of homes are still available to occupy for September. Priced from the 390’s*. PRESENTATION CENTRE 106 – 5983 GRAY AVE, VANCOUVER | 604.221.8878

VISIT ADERA.COM CHECK US OUT ON TWITTER AND FACEBOOK

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

in the news

Royal LePage forecasts

modest house price gains for remainder of 2013

The average price of a home in Canada increased between 1.2 per cent and 2.7 per cent in the second quarter of 2013, according to the Royal LePage House Price Survey and Market Survey Forecast, released recently. According to the survey, markets across the country continue to post gains. In the second quarter, standard two-storey homes and detached bungalows both showed a year-overyear average price increase of 2.7 per cent to $419,614 and $386,547, respectively. Average prices for standard condominiums showed a more modest increase during the same period, rising 1.2 per cent to $248,750. Royal LePage forecasts that house prices will see modest gains throughout the remainder of 2013, projecting a 3.0 per cent increase for the full year when compared to 2012. Dialogue concerning the direction of Canada’s housing market has remained front and centre in recent months. Changes to Canada’s mortgage lending rules in mid-2012 coupled with concerns about consumer debt levels, housing affordability in cities like Toronto and Vancouver and continued international economic uncertainty have prompted a number of analysts to forecast large downward price adjustments.

“As we have stated consistently since the current market downturn began late in the second quarter of 2012, this is a normal cyclical correction which brings fewer home sales and softer prices. Those hoping their predictions of a bursting bubble and cataclysmic drops in home values will come true are out of luck again,” said Phil Soper, president and chief executive of Royal LePage. “Price appreciation in most markets across the country has been well below the long-term average for Canada and will remain so through to the end of the year. We expect to see the number of homes trading hands to begin to rise slightly on a year-overyear basis in the second half of 2013, with price softness continuing until mid-2014, at which point we’ll see an emergence from the current cycle.” Recent signals from major financial institutions in the United States and Canada also point to a turn in the tide. In recent weeks, two of Canada’s largest home-loan lenders, Royal Bank of Canada and TD Bank Group, raised their mortgage rates. At the same time, the U.S. Federal Reserve recently hinted that it may start winding up monetary stimulus later this year, should economic improvements continue. “With the economy on both sides of the border performing better in recent months, a move off the recordlow interest rates that we’ve experienced over the past few years is likely on the horizon,” explained Soper.

Lately, the condominium sector has moved to the forefront of discussions concerning the health of Canada’s real estate market with fears of oversupply in major centres like Toronto.

20 metro vancouver new Condo Guide aug 23 - sep 6, 2013

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“Paradoxically, we expect the first increases in interest rates to be constructive for the housing market. Rising rates would be driven by a strengthening economy, reduced unemployment and improving consumer confidence. Much of the dampening effect that would come with a transition towards higher rates has already been ‘priced in’ to both consumer attitudes and financial institutions’ current lending policies.” Lately, the condominium sector has moved to the forefront of discussions concerning the health of Canada’s real estate market with fears of oversupply in major centres like Toronto. Yet, condominium prices remained flat or posted year-over-year gains in nearly all Canadian cities in the second quarter, with a couple of exceptions in British Columbia. While condominium prices

Changes to Canada’s mortgage lending rules in mid-2012 coupled with concerns about consumer debt levels, housing affordability in cities like Toronto and Vancouver and continued international economic uncertainty have prompted a number of analysts to forecast large downward price adjustments. in Vancouver saw a 3.3 per cent decrease when compared to the same period in 2012, signs of an early recovery are evident across the Lower Mainland of British Columbia. “We believe condominiums will be a housing class of increasing importance in the Canada of the future,” said Soper. “In the short-term we anticipate some market uncertainty and moderate price adjustments, particularly in Toronto which is working through a supply spike, however, the medium and long-term prognosis remains very positive. Demographic and city planning trends, in conjunction with shifting consumer preferences, remain supportive of this housing category.” Vancouver Market Summary In Vancouver, detached bungalow prices dropped 3.2 per cent year-over-year to $1,052,500, and standard two-storey homes decreased by 2.3 per cent to $1,151,250. Standard condominium prices also saw a decline of 3.3 per cent to $490,475. Despite recent year-over-year price decreases, average Vancouver home prices are forecast to increase by 2.0 per cent by the end of 2013.

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Published by

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VANCOUVER

AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 23

RO SS RD

Sky H

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

A10

BOULEVARD

BA I LD

MARINE DR

MAMQUAM RD

W AY

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STANLEY PARK y

VE R GO

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RAVEN DR

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24 METRO VANCOUVER NEW CONDO GUIDE AUG 23 - SEP 6, 2013

KEITH RD E

L LEVE LOW

R D E MAI N

A3. T HE PRESCOTT

A8. CANYON SPRINGS

A4. ORIZON

A9. T HE SHORES

A5. 1 5 WEST

MT SEYMOUR PKY

A7. NORTHLANDS

onsdale & Third Ave L 604.638.6240

A2. REMIX

13th & Lonsdale 604.969.3333

LYNN CANYON PARK

A6. S EYLYNN VILLAGE

#103 - 735 West 15th St 604.924.4488

FINCH DR

KEITH RD W A3

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

LOGGERS LN

QU E E NS WAY

BRENNAN PA R K

R LA

N LY

EY LL VA

CH E RLonsdale RY D 5th just off 1 R 604.980.9949

604.980.5000 www.seylynn.ca

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

Presentation Centre 238 Fell Ave 604-980-0016

A10. H EYWOOD

1621 Hamilon Ave www.heywoodliving.ca

rton

Dolla

NORTH SHORE

CENTENNIAL WAY

MAGEE ST

Mountain Hwy

TH B

MATHERS AVE

DEMPSAY RD

SD AL EA VE

LIGHTHOUSE PARK

DALE R D

LO N

INE

CH IPPE N

CAPILANO RIVER REGIONAL PARK

PERTH DR

MAR

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

CYPRESS

25TH ST

RUN

CYPRESS BOWL RD

EAG LE

NORTH SHORE

Hwy

NORTH SHORE/SQUAMISH/WHISTLER

LIVE ON

North Vancouver’s largest park, Heywood on the Park

is perfect for the outdoor enthusiast—bike or run through the forested trails, or take a relaxing stroll after work. At Heywood on the Park enjoy quick access to transit and shopping amenities while immersing yourself in nature at your back door.

COMING SOON 1–3 BEDROOM CONDOS

This is not an offering for sale as such an offer can only be made when accompanied by a disclosure statement. E.&O.E.

AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 25

ONLY 5 PENTHOUSE HOMES REMAIN

*HOT TUB INCLUDED!

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

Marine Driv

W 14th Street

Bewicke Ave

Fell Ave

Mosquito Creek

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

W 15th Street

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

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

NORTH SHORE/SQUAMISH/WHISTLER

LIVE LARGE ON THE NORTH SHORE MORE SPACE IN THE NORTH SHORE’S MOST DESIRABLE COMMUNITY Enjoy spacious living in Orizon’s 2-Bedroom or 2-Bedroom + Den homes with up to 1,323 sq ft in indoor / outdoor living space. Garden-sized patios and decks (up to 403 sq. ft!) extend living rooms outward to sweeping views of Vancouver’s skyline, Burrard Inlet and the North Shore mountains.

Spacious 2 bedroom homes start from $479,900 Move in Summer 2014

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

604.638.6240 ORIZONonTHIRD.com All prices, promotions and incentives are subject to change and can be withdrawn at any time. Pictures, drawings and digital renderings are for illustrative purposes only and should not be relied upon. The developer reserves the right to make modiﬁcations to the building design, features and ﬂoorplans. E.&O.E.

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

AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 27

CONDO PROFILE

NORTHLANDS IN NORTH VANCOUVER North Shore living at its best // BY DIANE DUFLOT

he condos and townhomes at Northlands in North Vancouver are perfectly situated to take in all the benefits of North Shore living. And, as Ava Famili, project coordinator for Mount Seymour Developments, indicates, “There aren’t a lot of places like this in North Van or even Vancouver. Northlands offers residents a fantastic golf course view, and it’s an easy drive (or bike ride!) to all the outdoor activity (hiking, skiing, beaches…) that the North Shore is famous for. This is a truly beautiful location.”

Everything any new resident could need is easily walkable from Northlands as well. For groceries, there is a Safeway about two blocks away. There’s also a Starbucks nearby to refuel at after exploratory walks around the neighbourhood. Nearby Parkgate Recreation centre offers classes to suit all ages and persuasions, being close to the Mount Seymour Parkway makes it easy for residents to zip downtown, and those heading to work in the morning are lucky enough to skip the traffic on the cut and get straight on the Iron Workers Memorial Bridge. Northlands’ presentation centre is open every day, noon to 5 p.m.

BUILDING COMMUNITY There are only 60 units at Northlands, and they’ve been moving fast. The project is now complete, so new buyers can move in as soon as they’re ready. “As a matter of fact,” says Ava, “Northlands will be nearly half occupied by the end of August, and there’s already a strong sense of community being established here. With all the lovely weather we’ve had lately, it’s become a kind of ritual for parents to gather in the gazebo at 9:00, after putting the kids to bed.” The landscape design of Northlands lends itself to this kind of friendly gathering: as well as the gazebo, there are open walkways with benches placed at intervals to encourage people to get outside and get to know their neighbours. Ava points out that the trail adjacent to the property is a popular place for early-morning dog walkers.

at 3360 Mount Seymour Parkway. Condos range from $349,900 for a one bedroom plus den to $579,900 for a three bedroom. Townhomes range from $699,900 for a three bedroom to $1,149,900 for a four bedroom plus den plus loft. For more information call 604.800.2121, email info@ntliving.com or visit Northlands’ Facebook page at facebook.com/NorthlandsTerrace or theri website at ntliving.com.

28 METRO VANCOUVER NEW CONDO GUIDE AUG 23 - SEP 6, 2013

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condo sense

// by cameron mcneill

Mortgage Pointers on Buying Presale

Cameron McNeill is the owner of MAC Marketing Solutions, one of B.C.’s and Alberta’s leading real estate sales and marketing firms. Cameron also co-founded TAC Real Estate, a resale firm, and MPC Intelligence, a real estate market-research firm. Together with his experienced and dedicated team of sales, marketing and administration professionals, he has transacted more than 14,000 new homes and $5 billion in sales. Email him at cm@macmarketingsolutions.com or follow him on Twitter @mac_marketing

urchasing a presale home creates a distinct difference on how to prepare for a mortgage. Two questions I often get asked are “when should I arrange the mortgage” and “when do I start paying for my mortgage.” At all MAC projects, we have access to mobile mortgage representatives, often from larger financial institutions such as TD or RBC. These financial advisors are able to assess your current ability to borrow money, often granting you a mortgage “pre-approval.” A couple of issues ago, I addressed rate cap programs which allow you to hold

a mortgage rate based on today’s rate — even if you won’t start paying on a mortgage for some time. As mentioned, I strongly recommend arranging your financing at the time you write a contract on your presale home. This includes going through the approval process and having a good understanding of what your costs will be when you complete, sometimes up three years later! You can speak to any financial institution, or an on-site mobile mortgage representative for more information. Now when do you start paying? The presale of a home requires a deposit but not a mortgage payment. Therefore, you will not start paying your mortgage until you actually complete on the home which means title is transferred and the bank transfers the purchase price (minus your deposit amount) to the developer. As every development is different with respect to deposit and construction timelines it is important to understand what works for you. When making a purchase as large as a home, you need to have your financial ducks in a row. Make sure you understand how much deposit is due and when and ensure you can manage the installments as well as what your eventual mortgage payments. Again, this is something that your mortgage specialist, bank and even the sales representative can help you with. Shop and compare what different banks will offer — then buy with confidence knowing you have all bases covered.

Now when do you start paying? The presale of a home requires a deposit but not a mortgage payment. Therefore, you will not start paying your mortgage until you actually complete on the home which means title is transferred and the bank transfers the purchase price (minus your deposit amount) to the developer.

30 metro vancouver new Condo Guide aug 23 - sep 6, 2013

030 Cameron McNeill-Aug23.indd 30

8/16/13 3:53:16 PM

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

1525 Lonsdale Ave, North Vancouver

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

Prices starting from $339,900.

t: 604.980.9949

WWW.15west.ca

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

Rising up above the neighbourhood and offering stunning views in all directions, 15 West is North Vancouverâ€™s most

A NEW BENCHMARK

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

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

SURREY | LANGLEY 116TH AVE

12 0T H

112ND AVE

108TH AVE

104TH AVE

TYNEHEAD REGIONAL PARK

GOLDEN EARS BRIDGE

96TH AVE

A4 A1

88TH AVE

BEAR CREEK PARK

208TH ST

192ND ST

10 RD

LO VE

176TH ST

A12

WATERSHED PARK

64TH AVE 60TH AVE

61A

LANGLEY BYPASS

58TH AVE

56TH AVE

Fra s

er H

SURREY

A6. ULTRA

A11. 3 CIVIC PLAZA

B1. RED MAPLE PARK

A2. LUXOR

A7. ESPLANADE AT WATERSTONE

A12. LATITUDE

B2. KENSINGTON

12039 64th Ave., Unit #104 604.590.8003

A3. SALIX

6477 - 196th Street 604.530.0054

A4. MANAROLA

8695 160th Street 604.825.1038

A5. VERVE

13913 Fraser Hwy. 604.588.3783

10345 133A St. 99 604.588.6999

64th & 19th 604.530.5399

A8. PARK AVE

100 Ave. & Whalley Blvd. 604.233.7748

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

A10. THE RIDGE AT BOSE FARM 64th and between 160th and 164th St 604-888-5514

32 METRO VANCOUVER NEW CONDO GUIDE AUG 23 - SEP 6, 2013

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

7938 209th Street 604.888.8699

20678 willoughby Town Centre Drive 604.427.3311

B3. ELEMENTS

20211 66th Ave. 604.533.7718

B4. VARSITY

200th Street & Fraser Highway 604.539.2200

B5. ATHENRY GATE 8312 Street 604.882.8857

LANGLEY

SERPENTINE FEN NATURE RESERVE

A1. ASCEND

15956 86A Ave. 604.596.2202

72ND AVE

A10

64TH AVE

184TH ST

168TH ST

99a

200TH ST

80TH AVE

160TH ST

152ND ST

144TH ST

128TH ST

120TH ST

112TH ST

72ND AVE

AV E

King George Blvd

80TH AVE

96 TH

48TH AVE

40TH AVE

240TH ST

Fr as

GREEN TIMBERS URBAN FOREST PARK

GL OV ER

96TH AVE

232RD ST

A5 A8

216TH ST

Fr a

A11 A6

216TH ST

se r

W ay

N VE OS

SURREY/LANGLEY

AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 33

SURREY/LANGLEY

-IN E OV M

IS H T

LL A F

Summer Sizzling Program Ends August 31st! SAVE $10,000* on all Condo’s SAVE $15,000* on all City Homes Ask about our Summer Sizzling program and save up to $15,000*, it’s never been easier to get into homeownership. Talk to us and we’ll go over your options. Ascend gives you the space you asked for, in a neighbourhood you already love at a price you can afford! Live within Walking Distance of everything and kiss your landlord goodbye from just $211,867* including net sales tax!

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

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

34 METRO VANCOUVER NEW CONDO GUIDE AUG 23 - SEP 6, 2013

Limited Time Offer

INTEREST RATES!! Special conditions apply

GST INCLUDED DURING SUMMER HOLIDAYS! Mortgage Subsidy Program Available. Get the lowest interest rates guaranteed!

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

OWN FROM $ /MTH*

731

*see sales staff for promotion details

LUXURY IS STANDARD AT LUXOR

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

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

MOVE IN TODAY

64th Ave. 58th Ave.

LUXURY HOME COLLECTION GROUP

Solon Bucholtz

Hwy. 99

To US Border

MARKETING AND SALES BY: R E A L E S TAT E M A R K E T I N G

Wolstencroft Realty

*Selected Homes subject to change without notice. Limited time offer, see sales staff for details. This is not an offering for sale. Any such offering can only be made with a disclosure statement. E.&O.E.

SURREY/LANGLEY

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

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

604.888.5514

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

36 METRO VANCOUVER NEW CONDO GUIDE AUG 23 - SEP 6, 2013

SURREY/LANGLEY

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

LANGLEY’S BEST VALUE - CENTRAL LOCATION - SUPERIOR HOMES Varsity Features

BUILDING B BONUS

GRANITE WINDOW SILLS CLOSET ORGANIZERS STAINLESS STEEL GAS RANGE GAS BARBECUE HOOK UP GRANITE COUNTERS

$2500 OFF NEXT 3 HOMES SOLD!

1 bedrooms from

138900

2 bedrooms from

230900

SOFT CLOSE CABINETS

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

STAINLESS STEEL FRENCH DOOR FRIDGE

604.539.2200

AND MUCH MORE!

LIVEatVARSIT Y.COM * Developer reserves the right to change the information herein. Renderings and images are approximate only. E. & O.E. There is one draw per week for a Target gift certificate, you must register to be entered. The $2500 decorating allowance offered on the next three homes sold in building B must close by July 31, 2013. This deal cannot be combined with any other offer.

AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 37

condo profile

Latitude in Surrey Bright, open design // By diane duflot

eveloped by Porte, the homes at Latitude put a new twist on condo living. The open corridors and windows on both sides of the home provide a townhouse-like feel, while letting in an abundance of natural light, but here there’s the added convenience of having everything on one level. Huge, fenced-in yards are a bonus offered with the ground-level homes, and wide balconies come with upper-level homes, ensuring that every buyer has their own private outdoor space.

Kitchen party The spectacular kitchens here are an entertainer’s dream. They open onto the living and dining area, so that those fixing a meal can stay engaged with their guests. Of course, guests may end up gravitating to the breakfast bar to admire the chef at work or the stunning kitchen, which has polished quartz countertops, soft-close cabinetry, pot drawers and a built-in wine rack, stainless-steel appliances, as well as your choice of Shaker style or vertical grain laminate cabinetry.

Spa-like ensuites Entering the ensuite bathroom is like walking into a spa retreat. Here, you’ll find a striking oversized shower with frameless glass doors. Each ensuite is equipped with custom-designed vanities, polished quartz countertops and square his and hers sinks. What’s not to love?

It’s all right here What’s more, the benefits of living at Latitude don’t stop at your door: there are ample amenities indoor and out. Shared outdoor space, in the form of an

8,000 sq. ft. landscaped courtyard, complete with seating, a children’s playground, herb and spice garden plots and a timber pergola at the heart of it all. The common indoor space includes a generous fitness centre and a lounge with its own kitchen, two-sided fireplace, billards table and opens up onto the courtyard. Buyers are moving in weekly and with Porte’s latest summer promotion, now is the time to buy! You can choose to own with $0 down or furnish your home on Porte with a $10,000 IKEA gift card. And there’s a three-bedroom showhome fully furnished in IKEA on display right now at Latitude, to give you ideas about how you could decorate your own home on Porte. Visit Latitude’s three designer showhomes today at 14358 60th Ave in Surrey. Open daily noon to 5 p.m. (closed Fri). Visit porte.ca/latitude or call 604.596.5075 to learn more.

38 metro vancouver new Condo Guide aug 23 - sep 6, 2013

038 CP Latitude_DD.indd 38

8/16/13 3:53:31 PM

SURREY/LANGLEY

n w o

n* w do

ith w

Proudly developed by

buy today. MoVe in toMorroW! 2 & 3 bDRm cOnDOS from $269,900 Big. no Stairs. Exceptional finishes. outdoor Space. Community Garden. fitness Centre. Billiards table. And So much more! Visit our 3 designer sHoW HoMes today: 144th & 60th Ave, Surrey | 604.596.5075 Open Daily 12â€“5pm (closed Fri)

take a Video tour & VieW our floor plans at:

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

AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 39

finances

// by gail vaz-oxlade

Getting

DEBT-FREE FOREVER

I 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

’ve often said that getting debt free is simple but it isn’t easy. And that’s the problem most people have with biting down and getting to work. They would rather whine about how horrible life is, complain about how stressed they are or simply stick their heads in the sand than get busy. If you’re one of the people who is procrastinating about taking control of your money and your life, you first have to figure out why you’re procrastinating. At the University of Konstanz in Germany, a team of psychologists wanted to see if our tendency to procrastinate had anything to do with how we think of the task at hand. Could it be that if we see something as psychologically “distant” — like becoming debt-free — that makes us resistant to tackling the task immediately. A group of students were asked to respond to a group of questions by e-mail within three weeks. The questions had to do with run-of-the-mill tasks like opening a bank account or keeping a diary. Students were given different instructions for answering the questions. Some were asked to think and write about each activity in an abstract way, such as to consider what the task implied about personal traits: what kind of person has a bank account? Others were asked about the concrete steps of each activity: speaking to a teller, filling out forms, making an initial deposit. Then

40 metro vancouver new Condo Guide aug 23 - sep 6, 2013

040-041 Finances-gail vaz-oxlade-Debt Free Forever_DD.indd 40

8/16/13 3:53:34 PM

th in s

Take the bull by the horns, lay out a plan of action, make that plan specific, measurable, achievable, realistic and timely, and you’re on your way to debt-free forever. the psychologists waited and waited… and waited. They recorded all the response times to see if there was a difference between the two groups. Guess what? There was. A very clear difference. While all of the students were being paid upon completion, those who were asked to think about the questions abstractly were more likely to procrastinate. Some never got around to the assignment at all. Those who were focused on the concrete steps — the how, when and where of doing the task — got the job done sooner. It seems that just thinking about what we want to accomplish in concrete, specific terms reduces our tendency to procrastinate. Blame your fear. Blame your sense of failure. Blame your belief that you can’t do it yourself. Whatever excuse you use, you’re guaranteeing your failure. Take the bull by the horns, lay out a plan of action, make that plan specific, measurable, achievable, realistic and timely, and you’re on your way to debt-free forever.

Start now. Each time you put off getting started you allow the problem to grow in size and complexity in your mind. As long as you’re not doing something about a problem, you’re allowing the fear to build. Stop living in fear and start doing something different. Break down the steps. Make the plan concrete. Make the steps manageable. Setting a goal of being debt-free forever by the end of the year is great, but only if you also say how you’re going to do it. “I’m going to cut $200 in unessential spending from my budget and apply that to my debt repayment.” Those concrete steps are what will make the plan actionable. Enjoy the challenge. Yup, it may feel like you’re about to climb a mountain, but how you approach the mountain will make all the difference in the world. If you keep looking at how high it is and reinforcing how impossible it is to get to the top, you’ll fail. If you see each step you take up the mountain as something to celebrate, you’ll eventually reach the summit. Attitude counts.

aug 23 - sep 6, 2013 metro vancouver new Condo Guide 41

040-041 Finances-gail vaz-oxlade-Debt Free Forever_DD.indd 41

8/16/13 3:53:36 PM

FIRST COME ED! FIRST SERV

prices Unbeatable ooms with 2 bedr as low as

229,900

A community of European-inspired condos that are as sophisticated as they are affordable. Boasting top-tier craftsmanship, wide and spacious rooms and appealing European styling, each home at Athenry Gate will be built with superior attention to both functionality and form. Athenry Gate will offer a home for everyone from singles and fi rsttime buyers to growing families and empty-nesters alike. The Athenry Gate Difference... Mountain views, 4 year low strata guaranteed, superior sound proofing and quality built with a reputation you can trust!! GUARANTEED STRATA FEES FOR 4 YEARS

e! t a G y r n e h t A t a me o h r u o y Find Spacious open concept floor plans with beautiful mountain view...

S G N I V A S R S E E M M O M H SU T C E L s so E a S w o R FO r 1 week promhave summer ou at we ct homes h t l u f le ss succe vings on se out! sa old u nt i l s

Unit

Regular Price

1 WEEK ONLY

Savings!

105 Jr. S 1 Bedroom OLD

$164,900

$159,900

$5,000

202 2 Bedroom SOLD

$249,900

$229,900

$20,000

108 1 Bedroom

$208,500

$189,900

$18,600

2 Bedroom, Den $314,900

$294,900

$20,000

$229,900

$10,000

311

205 2 Bedroom SOLD

$239,900

Presentation Centre - 8312 208th Street, Langley

FIRST YEAR $0.18/SQ.FT. SAVE $0.06/SQ.FT.

Hours: Monday - Thursday 12pm-6pm (closed Friday) Saturday-Sunday 12pm-5pm SECOND YEAR $0.20/SQ.FT. SAVE $0.04/SQ.FT.

THIRD YEAR $0.22/SQ.FT. SAVE $0.02/SQ.FT.

Marketing & Sales by

Solon Bucholtz 778-995-7467

www.athenrygate.com

FOURTH YEAR $0.24/SQ.FT. GUARANTEED

SURREY/LANGLEY

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

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

KENSINGTON PRESENTATION CENTRE Open Daily Noon to 5pm C-110, 20678 Willoughby Town Centre Drive Langley, BC | Phone: 604.427.3311 Email: kensingtonsales@mylasso.com

@WilloughbyLife | Willoughby Town Centre

liveatkensington.ca

80th Ave. DEVELOPED BY

208th St.

Willoughby Town Centre

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

AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 43

SURREY/LANGLEY

10 HOMES READY TO MOVE-IN NOW! THE ONLY LANGLEY CONDO COMMUNITY THAT HAS IT ALL! • • • •

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

• 33 homes under $200,000

• • • • •

7,000 sq.ft. Trilogy Club - Ready to enjoy this Fall Inviting Courtyards Natural Water Features Every Urban Amenity at Your Doorstep! 24 Greenbelt homes from $299,900

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

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

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

*Prices and incentives are subject to change and may be withdrawn without prior notice. Prices quoted exclude net HST or GST, whichever is applicable. E.&O.E. Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca

44 METRO VANCOUVER NEW CONDO GUIDE AUG 23 - SEP 6, 2013

SURREY/LANGLEY

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

sa s it u

PA R

IVI U EL

.CA

50 | 2

AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 45

176TH ST

184TH ST

176TH ST

184TH ST

168TH ST

152ND ST

y King George Hw

SOUTH SURREY | WHITE ROCK

40TH AVE SERPENTINE FEN NATURE RESERVE

CRESCENT BEACH / BLACKIE SPIT

E SC

99a

32ND AVE 7

SUNNYSIDE ACRES URBAN FOREST PARK

CRESCENT PARK

24TH AVE

164TH ST

26TH AVE

24TH AVE

ng 8

INE

168TH ST

16TH AVE 160TH ST

148TH ST

152ND ST

140TH ST

128TH ST

MA R

16TH AVE

20TH AVE

SOUTH SURREY ATHLETIC PARK

15 10TH AVE 8TH AVE

8TH AVE

SOUTH SURREY / WHITE ROCK 1.

MORGAN CROSSING

24th Ave & Hwy 99 604.582.1336

ROYCE

Thrift & Everall 604.538.8028

3. 4.

GEMINI

EDGEWATER

HEADWATERS

ADAGIO

WINTER STREET BY LISTRAOR HOMES

AVRA LIVING

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

46 METRO VANCOUVER NEW CONDO GUIDE AUG 23 - SEP 6, 2013

152nd & 36 Ave. 604.818.5603

1333 Winter St. 604.364.7455

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

SOUTH SURREY/WHITE ROCK

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

50 EXCLUSIVE CONDOMINIUM HOMES

Now Selling

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

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

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

IAN WATTS 604.531.4000

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

AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 47

finances

July 2013 Housing Starts in Canada at 187,416 units in July compared to 182,142 in June, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. “The trend in total housing starts continued to be relatively stable in July, remaining within a narrow range of roughly 182,000 to 188,000 units since March 2013,” said Mathieu Laberge, Deputy Chief Economist at CMHC. “For the past few months, total housing starts have followed the stabilizing trend observed in sales of existing homes earlier this year. As expected, the trends in the two market segments typically follow a similar pattern with the new home market lagging behind the existing home market by a few months.” CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations analyzing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets Housing starts in Canada were trending

“ The trend in total housing starts continued to be relatively stable in July, remaining within a narrow range of roughly 182,000 to 188,000 units since March 2013,” said Mathieu Laberge, Deputy Chief Economist at CMHC. that can be quite volatile from one month to the next. The standalone monthly SAAR was 192,853 units in July, relatively unchanged from 193,797 in June. The SAAR of urban starts decreased by 2.1 per cent in July to 173,042 units, mostly reflecting a decline in the single starts segments in July. Specifically, single urban starts decreased by 5.5 per cent to 58,731 units in July while the multiple urban starts segment essentially held steady at 114,311 units. July’s seasonally adjusted annual rate of urban starts increased in British Columbia. Urban starts decreased in all other regions, including Atlantic Canada, the Prairies, Ontario and Quebec. Rural starts were estimated at a seasonally adjusted annual rate of 19,811 units.

48 metro vancouver new Condo Guide aug 23 - sep 6, 2013

048 News July Housing Starts.indd 48

8/16/13 3:53:38 PM

SOUTH SURREY/WHITE ROCK

E V O M

the desire to live life not dictated by schedules & to-do lists, but by living in the moment how you want, when you want... and not having to jump in your car to do it!

ITS LIVING LIFE ACCORDING TO YOUR OWN TERMS, UNPLANNED AND INSPIRED. The bustling

! W O

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AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 49

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

WESTMINSTER HWY

NO 6 RD

Richmond Hwy

CAMBIE RD

Westminster Hwy

ALDERBRIDGE WAY

LANSDOWNE PARK MALL

RICHMOND NATURE PARK

GRANVILLE AVE

RICHMOND CENTRE

GRANVILLE AVE

R DR

NO 6 RD

NO 5 RD

SHELL RD

GARDEN CITY RD

R IVE

CAMBIE RD

NO 4 RD

RICHMOND NATURE PARK

NO 3 RD

RU SS

LANSDOWNE PARK MALL

RICHMOND

BRIDGEPORT RD GRANT MCCONACHIE WAY ALDERBRIDGE WAY

NO 4 RD

RICHMOND CENTRE

NO 5 RD

R IV ER

WESTMINSTER HWY

GRANVILLE AVE

W AY

NO 3 RD

SHELL RD

W AY R KE BA SS RU

CAMBIE RD

VANCOUVER INTERNATIONAL AIRPORT (YVR)

BRIDGEPORT RD

GARDEN CITY RD

GRANT MCCONACHIE WAY

KNIGHT ST

R IV ER

Richmond Hwy

Westminster Hwy

GRANVILLE AVE

BLUNDELL RD

RD Y WA

BOU N DARY BAY R EG IONAL PAR K

RD R VE RI

W AY

RICHMOND

RO 47TH AD

A AVE

48TH AVE

56TH ST

A6. MONET

9099 Cook Road Richmond Presentation Centre 8511 Capstan Way (on Capstan at Number 3 Road) 604-233-7748

28TH AVE

ENGLISH BLUFF RD

Presentation Centre No 3 Rd and Bennet 604.278.3939

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

41ST B ST

A4. HARMONY

U R DR

A2. PARC RIVIERA

www.riverparkplaceliving.ca 604.282.7838

A5. THE PIER AT LONDON LANDING

ARTH

A3. RIVER PARK

12TH AVE

56TH ST

6TH AVE

50 METRO VANCOUVER NEW CONDO GUIDE AUG 23 - SEP 6, 2013

se rR 62ND B ST

B ST 28TH AVE

A1. SAFFRON

10111 River Drive 604.231.5900

OV E

53RD ST

EL RD O N

R IV

U R DR

113 ST

AC H

R IV

41ST B ST

CE M ETE RY

72 AVE

#101-8600 Park Road 604.270.2482

48TH AVE

W RD

ARTH

RI VE R

N KSO

56 ST

53A ST 8A AVE SOUTH DE LTA PAR K

74 AVE

47TH A AVE

JAC

12 AVE

8A AVE

55 ST

53A ST

52 ST

75A AVE

12 AVE

119A ST

75 AVE 115 ST

D E LTA

CHALM E R S PAR K

DE LTA NATU R E R E S E RVE

O YM RR

78B AVE

IC A

MONROE DR

116 ST

118 ST

112 ST

B EACH G ROVE GOLF C OU R S E

80 AVE

NT A

82 AVE

DEAS ISLAND REGIONAL PARK

G RAU E R PAR K

C OAST TSAW WAS S E N I N N

MACK I E PAR K

ENGLISH BLUFF RD

BL VD

SCOTT RD

NORDEL WAY

is Hw

c Anna

84 AVE

80 AVE

TSAW WAS S E N GOLF CLU B

I LT SH

AVE FINN 18 RD

LADNER

RI VE R62ND RD

112 ST

NO 3 RD

S P LAS H D OW N PAR K

DEAS ISLAND REGIONAL PARK

FINN RD

TSAW WA S S E N

56 ST

90 AVE

NORTH DE LTA PAR K

NO 3 RD

52 ST

116 ST

MONCTON ST

Fr a

ER R IV

MONCTON ST

GARRY POINT PARK

96 AVE

GARRY POINT PARK

ive r

NO 6 RD

ive r se rR

NO 5 RD

Steveston Hwy

Steveston Hwy Steveston Hwy

ER R IV

Fr a

Steveston Hwy

SOUTH ARM PARK

NO 4 RD

WILLIAMS RD

NO 5 RD

NO 3 RD

GILBERT RD

FRANCIS RD

NO 2 RD

RAILWAY AVE

SOUTH ARM PARK

NO 4 RD

NO 1 RD

WILLIAMS RD

NO 3 RD

GILBERT RD

RD FRANCIS FRANCIS RD

NO 2 RD

NO 1 RD

RAILWAY AVE

FRANCIS RD

NO 6 RD

BLUNDELL RD

4TH AVE

1ST AVE

RICHMOND/DELTA/LADNER/TSAWWASSEN

AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 51

QUICK TIPS

// BY HELLEN BUTTIGIEG

GO VERTICAL OR Use the wall GO HOME to store it all

Hellen Buttigieg, CPO, is a Certified Professional Organizer, life coach, TV host and owner of We Organize U. Visit her website, WeOrganizeU.com, for a free e-Book on how to find more time, energy and inner peace. Contact Hellen at 905.829.2219 or info@WeOrganizeU.com

learing clutter and putting everything away can be a challenge when you don’t have enough storage space. You’ve got to be creative in finding new places to store things, because closets and furniture will only get you so far. Take advantage of your condo’s height. Use the wall to store it all, and make a statement with decorative shelving and storage possibilities. Go vertical or go home. When you’ve run out of storage space, lie on the floor and look up. There is a limited amount of horizontal space (countertops, tables and the floor) but vertical space is abundant and often overlooked. Consider putting shelves above door frames or around the perimeter of the room, like a border. Hang things from the ceiling in the kitchen. When purchasing armoires, bookcases or shelving units, choose tall ones and put baskets on top of them. Clear up valuable tabletop space. We all have a limited amount of counter and

52 METRO VANCOUVER NEW CONDO GUIDE AUG 23 - SEP 6, 2013

tabletop space, but our wall space is often under-utilized. By hanging photos and framing special mementos in shadow boxes on the wall, you’ll free up space on your tabletops and create a less-cluttered, more-spacious look. Running out of kitchen-cabinet space? If your kitchen supplies exceed your cabinet space, consider mounting a metal rail to your wall. Use hooks (usually included with a rail) to hang everything from utensils to hand towels. This attractive storage solution gives you easy access to your items and utilizes previously unused wall space. Make the most of ceiling space. Rather than putting up a wallpaper border, install shelves a foot or so below the ceiling around the perimeter of your children’s rooms. On them, display prized belongings and collectables. This gets your treasures out of the closet where they take up valuable space, yet allows the kids to enjoy them. Adjust your storage systems. A common misconception is that once you have organized your entire home, you’re done. However, organizing is a process, not a destination. As your interests change, so will your organizing systems. Put some time aside to tweak existing systems on a regular basis — especially when you experience a lifestyle change. Avoid shampoo overload in the bath. For a more streamlined look in your bath or shower, consider attaching wall-mounted soap and shampoo dispensers. This will eliminate the sticky mess of shampoos, soaps and lotions crowding the bath or shower, contributing to a more serene, spa-like space. Store magazines creatively. When looking for interesting ways to store magazines, think outside the box. As a creative alternative to a magazine stand, consider using a ladder. Propped up against a wall, a ladder is an interesting way to display magazines and make use of otherwise wasted vertical space.

RICHMOND/DELTA/LADNER/TSAWWASSEN

AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 53

STYLE FILE

THE HUMBLE CHAIR // BY LAURA STEIN

EACH AND EVERY DAY, ALL OVER THE WORLD, millions upon millions of people do the same thing they have been doing for thousands of years: park their posteriors in a chair. Chairs have graced the earth since ancient times and are a ubiquitous part of our physical and social landscape. But have you ever thought of a chair as a fashion accessory? A museum-worthy masterpiece? A commentary on sociopolitical values? For every chair in which someone has sat, there has been someone else who spent hours hunched over a worktable drafting and designing. While some chairs have been fairly forgettable, other designs have been so forward-thinking and revolutionary that they changed the course of furniture design as a whole, and influenced an entire era. Today these chairs are considered classics and cultural icons, and can be found everywhere from your local café to the Museum of Modern Art.

Red-and-Blue Chair, designed by Gerrit Reitveld, 1918, The Netherlands Gerrit Reitveld is considered one of the most influential furniture designers of the 20th Century. A member of Dutch artistic movement De Stijl (“The Style”), Reitveld was interested in the most abstract expression of design, breaking it down to its simplest, purest form of shape and colour. Made of pine and plywood, this chair is often referred to as a three-dimensional version of a Mondrian painting, and is part of the permanent collection at The Museum of Modern Art.

Louis Ghost Chair, Philippe Starck, 2002, Paris Modeled on the classic Louis XV oval-back chair, this chair was introduced by Kartell in 2002 and soon became a classic in its own right. Formed from a single piece of injection-molded transparent polycarbonate, it is strong and suited for indoor or outdoor use. Available at Design Within Reach, dwr.com, Inform Interiors, informinteriors.com and other licensed Kartell retailers across Canada

Morris Chair, designed by Gustav Stickley, circa 1901, Syracuse, NY Influenced by legendary English designer William Morris, this chair is an iconic example of the American Arts and Crafts movement of the early 20th Century. Made of unadorned quarter-sawn oak, it is one of the earliest reclining chairs, with a tilting back that adjusts through a series of pegs. Early Stickley originals sell at auction for tens of thousands, and the designs are still in production by Stickley today. stickley.com.

Barcelona Chair, designed by Ludwig Mies van der Rohe, 1929, Berlin Originally designed for the German Pavillion at the 1929 International Exposition in Barcelona, this chair is one of the most recognizable of the modern period. Made of chrome-plated steel and button-tufted leather, the chair has been produced by Knoll since 1953. To tell an original from a knock-off, look for Mies van der Rohe’s signature stamped on the inside of the frame. Available at Design Within Reach, dwr.com, Inform Interiors, informinteriors.com and other licensed Knoll retailers across Canada

Chair No. 14, designed by Michael Thonet, 1859, Vienna

This bentwood chair is considered to be one of the most successful product designs of all time. Thonet developed a process of steaming wood until it was pliable, then manipulating it into shape. Because a single piece of wood could be bent into almost any configuration, no joinery and far fewer pieces of wood were required to create the furniture. Simple screws held the pieces together, which could be flat-packed for shipping and assembled on-site…long before IKEA came around. An updated version of this chair is still in production today, and is still one of the most popular chair designs ever. toncanada.com

Lounge Chair 670, designed by Charles and Ray Eames, 1956, Los Angeles

Husband and wife team Charles and Ray Eames produced furniture for the masses made from newly available products such as plastic, molded plywood and fiberglass. An icon of mid-century modern design, this chair was created for comfort. Although the chair’s design has evolved slightly over time, it has been in constant production by Herman Miller since its inception in 1956. Available at Design Within Reach, dwr.com, Inform Interiors, informinteriors.com and other licensed Herman Miller retailers across Canada LAURA STEIN Laura Stein Interiors is a Toronto-based firm specializing in custom interior decorating and design for residential clients. Dedicated to creating exceptional, distinctive, and uniquely personal interiors for her clients, Laura’s focus is on fresh, lifestyle-based design infused with comfort and understated luxury. Laura has won considerable acclaim for her personalized design style, her insights on cutting-edge trends, and her customized furnishings. Her work has been nationally recognized with multiple industry awards, including the 2011 Consumer Choice Award for Best Interior Decorator in the city of Toronto and the 2013 Best of Houzz Award. Laura has appeared on HGTV and is frequently featured as an industry expert on television as well as newspapers, magazines and websites across Canada and the U.S. Visit laurasteininteriors.com for additional information. AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 55

LV D KW AY B

UB T EA PLA

COAST MERIDIAN RD

RIDGE PARK

ET R

WA Y

PA R

LVD

COQUITLAM | PORT COQUITLAM | PORT MOODY | PITT MEADOWS

Barnet Hwy

ST JOHNS ST

VICTORIA DR

LINCOLN AVE

COQUITLAM CENTRE

DEWDNEY TRUN K RD PRAIRIE AVE R

SY ES DAW ES

ghe

ed H

H IL LR

SW AY AV E

DOMINION AVE

DEWDNEY TRUNK RD

COLONY FARM REGIONAL PARK

MEADOW GARDENS GOLF COURSE

a yp

ll B

i yH

FORD RD FRASER RIVER

COQUITLAM 608 Como Lake Ave. 604.936.9300

A2. BLOOM

Sales Centre #101 - 618 Langside Ave. 604.939.8808

DEWDNEY TRUNK RD

HARRIS RD

HAMMOND RD PITT MEADOWS AIRPORT

A1. EMERSON

123RD AVE

PORT COQUITLAM A3. BLUETREE HOMES AT MACKIN PARK

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

56 METRO VANCOUVER NEW CONDO GUIDE AUG 23 - SEP 6, 2013

A4. CELADON

1128 Kensal Place 604.871.4189

A5. REGAN'S WALK

611 Regan Ave. www.reaganswalk.ca

B1. ORCHID

2455 Wilson Ave. 604.866.4206

GOLDEN EARS BRIDGE

207TH ST

VE TE A

Lou

Hwy

AU G

MUNDY ST

heed

AUSTIN AVE

T UNE

Loug

MARI NE R WAY

MUNDY PARK

AUSTIN AVE

OTTAWA ST

LINTON ST

SMITH AVE

COMO LAKE PARK

GATENSBURY ST

NORTH RD

A5 A2 A1

COMO LAKE AVE

BLUE MOUNTAIN ST

216TH ST

PIONEER MEMORIAL PARK

INLET PARK

LA NS BL VD DOW

210TH ST

TA IN

203RD ST

ROCKY POINT PARK

R TO IC

S BONSON RD

w H

SHORELINE PARK

DAV ID A VE

TOWN CENTRE PARK

HARRIS RD

CEDAR DR

R IT AG E

COAST MERIDIAN RD

JOHNSON ST

t ne

r Ba

PI N

DAVID AVE IOC

R IVE

R RD

ALL OF THIS FROM

$199,900

Expansive 20’ x 1 2’ open concept living/dining room. Perfect for all your entertaining needs.

Balcony

Living

Master Bedroom Dining

Beautifully designed kitchen with breakfast bar, built-in spice rack, and French door fridge with ice/water dispenser.

Kitchen

Master bedroom with a full wall of closet space and large windows for natural light.

Tech Nook

Tech nook ideal for a home office.

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Entry

Bath

Bath with custom mirror cabinet to keep countertops clutter-free.

Convenient entry closet for extra storage.

at mackin park

1 & 2 BED APARTMENTS

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

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

See more at bluetreehomes.ca

Mackin Park ad for New Condo Guide

Insertion:

COQUITLAM/PORT COQUITLAM/PORT MOODY

AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 59

OR CT

CEDAR DR

VICTORIA DR

DOMINION AVE

224TH ST

DEWDNEY TRUNK RD

210TH ST

DEWDNEY TRUNK RD

216TH ST

y M EADOW GARDENS

124TH AVE

232RD ST

228TH ST

DEWDNEY TRUNK RD

1 240TH ST

PITT M EADOWS

S BONSON RD

207TH ST

AIRPORT

R IVE

R RD 116TH

248TH ST

2 3

HAMMOND RD

227TH ST

DEWDNEY TRUNK RD

224TH ST

123RD AVE 203RD ST

FORD RD

HARRIS RD

GOLF COURSE

HARRIS RD

AVE

D E R BY R EACH R E G I O N A L PA R K

A KA KAN

WAY

110TH AVE 108TH AVE GOLDEN EARS BRIDGE

104TH AVE

102TH AVE

MAPLE RIDGE 1. FALCON CENTRE 11862 226th Street 604.477.1500

2. EDGE ON EDGE 12075 Edge Street 604.466.8783

3. PARC VUE

22245 Lougheed Hwy. 604.467.8884

4. 223 NORTH

#101 - 22318 Lougheed Hwy. 604.463.0588

60 METRO VANCOUVER NEW CONDO GUIDE AUG 23 - SEP 6, 2013

JAC KS O

ghe

Lou

DR MACLU RE

240TH ST

OTTAWA ST

PITT MEADOWS | MAPLE RIDGE

PITT MEADOWS/MAPLE RIDGE

Move in Now

AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 61

Industry Insider

Q&A with Scott Brown

Boomer Trends in Downsizing

// by susan m boyce

They’re one of the most talked about demographics

1 Scott Brown, Collier International’s senior vice president of residential marketing services. 2 Ideally located in Central Vancouver, Trio offers sunny living spaces and excellent proximity to downtown. 3 A lavish clubhouse with

demonstration kitchen, complete fitness/ wellness centre, and outdoor patio with fire pit is a hit with Boomer buyers at Waterstone in Surrey.

in history: the Baby Boomers. Active, well educated, and frequently well travelled, Boomers enjoy their luxuries and are trendsetters in everything from health and entertainment to fashion and housing. As they approach retirement, many Boomers are also now considering new options when it comes to the place they call home. In a recent report commissioned by HJ Properties, Colliers International delved into the new realities of the Baby Boomer downsize market. This issue, New Condo Guide talks with Scott Brown, Collier International’s senior vice president of residential marketing services, about some of the surprising trends and changes it uncovered. Q How much influence does the Baby Boomer generation actually exert on trends? A Every time this demographic moves to a new phase it changes the market, so the short answer is “a lot.” In part, this is because Boomers are more proactive than previous generations and don’t necessarily want to have the bulk of their wealth tied up in their primary residence. Boomers have more angst about running out of money during retirement than their parents, not only because of

4 5555 Dunbar in the Westside offers maintenance-free, upscale living with a distinctly urban attitude. 5 Waterstone’s extensive

landscaping includes dramatic use of water features to enhance a sense of natural tranquility.

changing economics but because they’re living longer. Pre-Boomers typically didn’t plan to live much past their retirement at age 65. Now we talk about 80 being the new 70, 70 being the new 60 and 60 being the new 50. And Boomers are looking for new ways to help their children. People used to talk about leaving their kids an inheritance. Today, there’s a shift toward thinking “why not use the equity we’ve built up in our home to help our kids buy a house today and still have the resources to travel or do other things we enjoy?” Q It’s no secret the Vancouver real estate market is an expensive one. Are these downsizers pulling equity out of their home by moving to cheaper neighbourhoods such as Vancouver Island or the Interior? A Like many people, I’d expected a mass exodus out of Vancouver as the first wave of Boomers began retiring. What’s actually happening, however, is that many have strong desire to stay in the same neighbourhood where they already have social connections, but there are differences in how they approach this move. In a neighbourhood like the Westside where even a modest home will sell for well over $1 million, you can’t even think about showing them anything less than 1,000 sq. ft. — many of our survey respondents said 1,500 sq. ft. would be the minimum they would consider. Developers are clearly having to rethink the concept that end users don’t buy large homes… today they do. It was also interesting to note that when HJ released Esplanade, the newest phase in their Waterstone master planned community in Surrey, the first six presales were all on the top floor and were all larger than 1,500 sq. ft.

62 metro vancouver new Condo Guide aug 23 - sep 6, 2013

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8/16/13 3:53:57 PM

Boomers are more proactive than previous generations and don’t necessarily want to have the bulk of their wealth tied up in their primary residence. In contrast, in an area like The Drive or Central Vancouver where we’re currently marketing a project named Trio, downsizers are less concerned about space and more concerned about lifestyle — which includes security, little or no maintenance fees and proximity to the amenities of Vancouver. This group tends to decide how much money they need to live, establishes what their housing budget is and then looks for a home that will meet that budget — even if they have to make some compromises in terms of space. Q How does the single-family, detached house stand up in today’s Baby Boomer market? A Forty-six per cent of the people who responded to the survey indicated they still wanted to own a singlefamily home when they downsize. However, 53 per cent noted they’re more likely to purchase a multi-family home, and 63 per cent said they expect to purchase a home that’s smaller than the one they currently own. Q What are the Boomers most concerned about when it comes to downsizing? A I was surprised how much people get attached to the personalization they’ve done to their existing home. They actually grieve the loss of things like a kitchen or ensuite renovation because they feel an emotional attachment — it’s not just a kitchen, it’s a reflection of who they are. But the biggest thing most people worried about was leaving behind their outdoor spaces. I believe one of the reasons Waterstone has continued to be so successful is because HJ Properties addressed this concern by making it a priority to incorporate extensive

landscaping throughout the project. They also recognized that even when Boomers are downsizing to a condo, they still want enough room for entertaining — so having an extensive clubhouse or amenities building is important. In many ways, the Boomer demographic wants a hybrid. They want someone to cut the lawn and watch the place while they’re away, they want proximity to amenities and they value a sense of community and neighbourhood. Mind you, I sometimes tease people that downsizing is really a strategy to prevent their adult children from bouncing back to the family home. Scott Brown is based in Collier International’s downtown Vancouver office and calls White Rock home. To learn more, visit collierscanada.com.

Did You Know? According to a recent Colliers International report (commissioned by HJ Properties to compare Surrey, White Rock, Langley, Delta and Abbotsford) in Surrey, 79.2 per cent of survey respondents (aged 47 to 69) are planning to sell their home within the next nine years. In Langley that number rises to 86.1 per cent, while in White Rock, a whopping 90 per cent plan to sell within nine years. However, looking at just the next two years, interest in selling is reversed — only 20 per cent of White Rock homeowners plan to move compared to 23.3 per cent of Langley residents and 32.2 per cent of Surrey homeowners. White Rock and Langley were the two neighbourhoods people most wanted to stay close to — 60 and 53.5 per cent of survey participants respectively planned to move less than 10 kilometres from their current address. Only 34.3 and 38.7 per cent respectively of Delta and Abbotsford residents hoped to stay within the same distance, while in Surrey that number dropped to 26.9 per cent.

5 aug 23 - sep 6, 2013 metro vancouver new Condo Guide 63

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8/16/13 3:54:10 PM

BRITISH COLUMBIA’S

NEW CONDO DEVELOPMENTS PROJ ECT

TYPE

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Luxor

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

604.939.0018 604.936.2012 604.936.9300 604.942.2672 604.936.1888 604.936.1888 778.829.1500 604.472.9555 604.472.9555 604.288.9888 604.939.8874 604.464.2701 regansswalk.ca 604.552.3003

From $208,800 From $339,900 incl. all tax Call From $267,900 From $309,900 Call From $220,500 From $599,900 From $291,900 Call From $199,900 Call Coming Soon From $309,900

604.940.5533

From $324,900

604.590.8003

From $199,900

604.882.8857 604.530.7011 604.534.7974 604.534.6000 604.533.7718 604.568.3385 604.427.3311 604.510.6500 604.635.0643 604.514.1530 604.539.2200 yorksoncreek.com

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

LR LR LR LR LR

604.463.0588 604.318.5254 604.466.8783 604.477.1500 604.467.8884

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

HR LR

604.377.9630 604.694.1188

Call Coming Soon

LANGLEY

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

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

MAPLE RIDGE

223 North Cascada Edge on Edge Falcon Centre Parc Vue NEW WESTMINSTER

258 on Sixth Brewery District High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

Loft (LO)

Townhouse (TH)

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

FIFTHAVE.CA 64 METRO VANCOUVER NEW CONDO GUIDE AUG 23 - SEP 6, 2013

PRICE

NORTH DELTA

COQUITLAM

1123 Westwood Austin Bloom Celadon House Charland

C O N TA C T

LADNER

CHILLIWACK / SARDIS

Garrison Crossing La Cason

TYPE

all tax

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

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

PROJ ECT

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

Orchid Shaughnessy, The South Verde Valorie on the Park Residences, The Alexandra Court Alexandra Gate Altis Bravo Camber Carrera Centro Concord Gardens Emerald Gardens, The Harmony Mandarin Monet Nova Opal at Richmond Centre Ora Parc Riviera Pier, The Remy Riva River Park Place Quintet River Green River Inlet Saffron

PITT MEADOWS

778.846.3200 604.460.8998 604.460.6601

LR LR LR LR

604.468.2707 604.464.5856 604.435.9477 604.475.5100 Penthouse (PH)

Aqua Elaho University Heights

City Home (CH)

604.552.0552

Call

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

604.871.4188 Coming Soon 604.274.7326 Call 604.231.0588 From $298,800 778.297.6222 From $298,800 604.276.0677 Call 604.244.7721 From $469,900 604.270.8305 From $389,900 604.233.7748 From $252,800 604.244.8333 From $296,000 604.271.3331 From $254,900 604.278.3939 From $288,800 604.233.1687 From $299,900 604.233.7748 From $288,900 604.278.8883 From $299,900 604.303.7575 From $464,900 604.278.8838 Call 604.231.5900 Call 604.274.7326 Call 604.279.8866 From $211,900 604.278.8838 Call From $299,900 604.282.7838 604.247.8885 Call 604.233.2633 Call 604.233.2633 Call 604.270.2482 Call

TH/LR TH LR

1.877.344.5566 604.898.2232 1.888.852.7575

From $239,000 Coming Soon Call

HR LR LR HR

3civicplaza.ca 604.596.2202 tiensher.com 604.580.4199

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

SURREY

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

Live Work (LW)

From $149,900 Call Call From $175,000

SQUAMISH / WHISTLER

Call Call From $134,900

PORT COQUITLAM

Avanti Burleigh Walk Carmandy La Vie

604.866.4206 604.468.8252 604.468.8252 604.464.4764

RICHMOND

15 West HR 604.980.9949 From $340,000 221 East 3rd LR Coming Soon 700 Marine Drive LR/LW 604.984.0700 From $299,000 Anchor HR 604.988.8800 From $200,000’s Atrium at the Pier MR/TH 604.983.9065 Call Canyon Springs LR 604.973.0298 From $389,900 Capstone MR 604.929.8870 Call Destiny 2 at Raven Woods LR 604.929.1915 From $289,900 Drive, The LR 604.986.8138 Call Heywood on the Park LR heywoodliving.ca Coming Soon Kimpton, The LR 604.988.3020 From $359,900 Landing, The MR 604.983.9065 Call Local on Lonsdale HR/LR/TH 604.998.0219 From $309,900 Maplewood North LR 604.727.1594 From $378,900 Northlands LR 604.800.2120 From $244,900 Orizon LR 604.638.6240 From $309,900 Pinnacle Residences at the Pier MR 604.983.9065 Call Prescott, The HR 604.969.3333 From Mid $200’s LR 604.924.4488 Call Remix HR seylynn.ca Coming Soon Seylynn Vilage Versatile Building, The LR 604.924.5595 From $299,900 LR HR LR

LR HR LR LR

PORT MOODY

NORTH VANCOUVER

Cedar Downs Solaris at Meadows Gate Liv42

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

3 Civic Plaza Ascend Balance Citypoint High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

Loft (LO)

Townhouse (TH)

AUG 23 - SEP 6, 2013 METRO VANCOUVER NEW CONDO GUIDE 65

PROJ ECT

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

PROJ ECT

Connect LR 778.395.1886 From $118,800 Edge LR 778.395.7704 Call G3 Residences HR 604.453.6688 Call Latis LR 604.575.0669 From $194,900 Latitude LR 604.596.5075 From $264,900 Lingo LR 604.727.5478 $159,900 Lumina LR 604.727.5478 From $274,900 LR 604.825.1038 From $179,900 Incl. GST Manarola Monterosso LR 604.596.8828 From $249,900 Park Avenue HR 604.583.9866 250 Homes Under $250 Park Central LR 604.817.5852 From $289,900 Park Place HR 604.583.9866 Call Quattro LR 604.581.8000 From $159,900 Ultra at West Village TH/HR 604.588.6999 From $186,900 Verve LR 604.588.3783 From $160’s HR 604.951.9283 Phase 2 Coming Soon Wave CLOVERDALE Esplanade at Waterstone LR 604.530.5399 From $219,900 Latis LR 604.575.0669 From $194,900 One92 LR 604.576.1772 From $199,900 Salix LR 604.530.0054 From $229,900 VANCOUVER & AREA DOWNTOWN

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

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

604.879.9996 From $327,400 604.899.8800 From $869,900 604.687.4353 Call 604.781.4303 Call 604.620.2018 From $239,900 604.682.8813 From $269,900 604.669.8200 $389,900 604.687.4353 Call amacon.com From $300’s 604.899.8800 Coming Soon 604.685.0855 From $349,900 604.876.9222 From $829,900 604.688.8927 Call 604.876.9222 From $699,900

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

Live Work (LW)

City Home (CH)

604.683.0900 604.874.9232

From $249,900 From $299,900

WEST SIDE

700 West 8th HR 5555 Dunbar LR 6 & Fir HR Academy HR Arbutus Ridge MR HR/TH Cambie & 7th Collection 45 LR Elizabeth LR MR James KITS360 LR Lido HR Maynards Block, The LR MC2 HR HR Meccanica Opsal HR Pinnacle Living Broadway MR Pinnacle Living False Creek MR Prelude MR Radius Riley, The LR Sail LR Shannon Wall Centre Kerrisdale LR Sixth and Willow HR The Village on False Creek Westerly, The LR Yu MR Tsawwassen Springs

604.714.2213 From $819,900 604.568.7551 Call 604.899.8858 From $449,900 604.228.8895 From $528,000 604.738.0001 Call 604.568.5060 Call 604.569.1555 Call 604.877.1722 Call 604.675.1000 From $424,900 604.737.0360 From $379,900 604.872.2672 From $458,900 604.893.8378 From $262,900 604.638.9998 From $259,000 604.876.8819 From $394,900 604.876.7332 Call 604.739.2080 From $429,900 604.874.8368 From $369,900 778.986.7860 Call ledmac.com/radius Coming Soon 604.616.7008 From $347,500 604.221.8878 Call 604.267.8882 Call sixthandwillow.com Coming Soon 604.733.2010 From $390,500 604.558.3399 From $300,000’s 604.827.3488 From $452,400

SF/LR

604.948.HOME

Call

WEST VANCOUVER

Evelyn Galleries on the Bay

LR LR

604.922.0330 Call 604.836.7355 From $490,000

WHITE ROCK / SOUTH SURREY

Adagio Avra Edgewater Gemini Headwaters Heights, The Kensington House Morgan Crossing Newport at West Beach Royce Saltaire Sausalito Winter Street

238westbroadway.ca Call 604.800.8862 From $269,900 604.682.8801 Call 604.569.3388 From $227,900 604.330.8838 From $266,900 604.872.0331 From $269,900 604.688.5527 From $349,900 604.877.1116 From $339,900 604.657.5362 From $347,500 604.261.3936 Coming Soon 604.434.2205 From $399,900 604.436.1100 Call Penthouse (PH)

MR HR

TSAWWASSEN

EAST SIDE

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

Wall Centre 900 Hastings Wall Centre Central Park

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

High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

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

604.531.6659 From $288,900 604.531.9030 From $319,900 604.535.9655 From $229,900 604.536.1663 Call 604.535.1451 From $259,000 778.545.8737 Call 604.871.4125 Coming Soon 604.582.1336 From $275,900 604.536.0256 Coming Soon 604.538.8028 From $339,000 ledmac.com/saltaire Call 604.538.3237 Call 604.364.7455 From $299,900

Townhouse (TH)

New homes available throughout

www.macmarketingsolutions.com Metro Vancouver & Calgary We sell the homes you want to buy. /MacMarketingSolutions 66 METRO VANCOUVER NEW CONDO GUIDE AUG 23 - SEP 6, 2013

@MAC_Marketing

/MACMSTube

IN THE MARKET FOR A

NEW HOUSE

OR A CONDO?

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OWN FOR JUST

$999/MONTH TOWER 2

TOWER 1

UNIT

PLAN

TYPE

PRICE

MONTHLY

UNIT

PLAN

TYPE

PRICE

301

VIEW AREA

473

A1a

1 BR+FLEX

$250,900

$933

103

506

A3b

1 BR+FLEX

$230,900

$859

303

W 569

1 BR+FLEX

107

756

2 BR+FLEX

$399,900

$1,487

311

548

A10

1 BR+EB+FLEX

203

N 506 A3b

1 BR+FLEX

$232,900

$866

315

588

A9 1 BR+EB+FLEX $281,900 $1,048

205

620

B10

2 BR

$320,900

$1,193

318

495

1 BR+FLEX

$250,900

$933

207

756

2 BR+FLEX

$389,900

$1,450

517

570

A19

1 BR+EB

$294,900

$1,097

303

506

A3b

1 BR+FLEX

$234,900

$874

507

760

B14a

2 BR+FLEX

$389,900

$1,450

1 BR+FLEX

$238,900

$888

1 BR+FLEX

$242,900

$885

1 BR+FLEX 1 BR+FLEX

$232,900 $244,900

$866 $911

1 BR+FLEX

$263,900

$981

$285,900 $1,063 $267,900

$996

VIEW AREA

620

495

1 BR+FLEX

$242,900

$903

709

511

A11

1 BR

$237,900

$885

653

N 506 A3b N

719

764

2 BR+EB

$391,900

$1,472

853

809

511

A11

1 BR

$239,900

$892

819

764

2 BR+EB

$393,900

$1,465

855 953

E 454 A5 N 506 A3b

820

495

1 BR+FLEX

$246,900

$918

954

910

$241,900

$899

515

A11

1 BR

1003 W 569

1 BR+FLEX

1008

519

A11

1 BR

$243,900

$907

1015

764

2 BR+EB

$397,900

$1,479

1106 W 733 B11 1603 N 460 A2 2503

460

2 BR 1 BR 1 BR

$298,900 $1,111

$419,900 $1,561 $249,900 $929 $270,900

$1,007

3004 NE 857 3103 SE 807

B4 2 BR+EB+FLEX $495,900 $1,844 C3 2 BR+EB $519,900 $1,933

3204

495

1 BR+FLEX

3206 W 481

1 BR+FLEX

PH3

2 BR+EB

S SE

$1,107

$297,900 $1,108 $519,900

$1,933

1059

584

A3b

635 A12 1 BR+D+FLEX $311,900 $1,160

517

A3b

1 BR+FLEX

$251,900

$937

1505 E 2001

454

1 BR+FLEX

$242,900

$903

474

A1c

1 BR+FLEX

$264,900

$985

2110

481

A1b

1 BR+FLEX

$266,900

$902

2310

481

A1b

1 BR+FLEX

$270,900

$1,007

2809 SW 646 B1a

2 BR

$388,900 $1,446

3005

454

1 BR+FLEX

$278,900

$1,037

3009

646

B1a

2 BR

$399,900

$1,487

3102 NW 879 3204 E 650 PH3 NE 788

C7 C4 C8

2 BR+FLEX 2 BR 2 BR

P W

$549,900 $2,045 $394,900 $1,468 $542,900 $2,119

KINGSWAY

BURKE ST

VA N BOUNDARY RD

ORMIDALE ST

YC JO

807

$297,900

1057 E

506

MONTHLY

CENTRAL PARK

NOW SELLING AT BOUNDARY AND VANNESS AV E

MANAGED BY

MARKETED BY

OPEN DAILY 12-5PM CLOSED FRIDAYS 604.874.9232

WALLCENTRECENTRALPARK.COM

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

THIS