BC New Condo Guide - Sept 6, 2013

September 6 - 20, 2013 Volume 03 Issue 18

INSIDE THIS ISSUE

NEIGHBOURHOOD FOCUS ON LONSDALE

MOVING INTO A CONDO? ELIMINATE CLUTTER

YANIC SIMARD FINDS INSPIRING DESIGN AT THE LODEN HOTEL

Win

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

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SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 3

4 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

ONLY 5 PENTHOUSE HOMES REMAIN

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table of contents

September 6 – 20, 2013 volume 3 issue 18

16

Charland

Inspired by life

By Susan M Boyce

22

columns, news & features 012 Editor’s note Columns

022 Style File Inspiring design: Vancouver’s Loden hotel

by Yanic Simard

026 Neighbourhood Focus Lonsdale

by Steven Threndyle

044 condo Pro Eliminate clutter before moving into a condo

by Barbara Lawlor

064 c ondo sense Urban or suburban?

by cameron mcneill

066 F inances Are emergency prone?

by Gail Vaz-Oxlade

in the news

032 CMHC Report

August housing starts

070 Gemworth

No boom, no bust as condo market remains stable across the country

Homebuyers’ Help

048 c ondo Market watch Condominium homes to keep your eye on

by Susan M Boyce

072 l isting 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 SEPTEMBER 6 - 20, 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

condo profile

Josh Heppner Art Director

Sarah Jang Editor

Diane Duflot

38

Contributing Editors

The Ridge at Bose farms

Sara Duck Wayne Karl

Where old meets new

by Diane Duflot

Design Editor

Yanic Simard

38

Account Executives

Dave Bird 604.319.7102 Brenda Everitt 604.319.7103 Sales Coordinator

Justin Salvador Ranee Pal Production Manager

Bala Gnanapandithan Production Co-ordinator

Laura Northmore Graphic Designer

Caroline Wassef National Account Manager, Mediative

Paul Slizys Published By

Buyer Profile

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

52

Cheryl’s On the Go

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

Trensetting lifestyle at Kensington

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

52

MAPS

014 Tri-Cities

054 South Surrey/White Rock

024 North Shore

060 Vancouver

036 Surrey/Langley

068 P itt Meadows/Maple Ridge

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

A MONTH

$999

OWN FOR JUST

ST

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CENTRAL PARK

SS

NE

VA N

AV E

BURKE ST

SE

819

A3

A3

764

764

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511 A11

495

495

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635

454 454 481

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1205 E 1705 E 2310

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TYPE

2 BR

1 BR+FLEX

1 BR+FLEX 1 BR+FLEX

1 BR+D+FLEX

1 BR+FLEX 1 BR+FLEX

1 BR+FLEX

1 BR+FLEX

2 BR

TYPE

1 BR 1 BR+FLEX

2 BR+EB

2 BR+EB

1 BR

1 BR+FLEX

1 BR+FLEX

1 BR+EB+FLEX

1 BR+FLEX

1 BR+FLEX

WALLCENTRECENTRALPARK.COM

OPEN DAILY 12-5PM CLOSED FRIDAYS 604.874.9232

NOW SELLING AT BOUNDARY AND VANNESS

2809 SW 646 B1a

W

N 506 A3b NE 584 A6

953 954

A3b

N

853

506

N 506 A3b

B10

PLAN

653

620

E

VIEW AREA

205

UNIT

TOWER 2

910 E 515 A11 1003 W 569 A7

E SE

S

620 719

S

318

709

E

315

588

W 569

303

473

W

VIEW AREA

301

UNIT

TOWER 1

$932

MONTHLY

$1,465

$1,457

$885

$903

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MONTHLY

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$388,900 $1,446

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PRICE

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PRICE

HERE ARE SOME EXAMPLES OF THE INCREDIBLE VALUE

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

KINGSWAY

E YC JO

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VANCOUVER IS AT WALL CENTRE CENTRAL PARK!

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

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BOUNDARY RD

EDITOR’S NOTE

NO BOOM, NO BUST.

Canadian condo market remains stable

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

Although record growth is not predicted in the foreseeable future of the Canadian condo market, the latest Conference Board of Canada condo report released

by Genworth Canada says the market is stabilizing..

“As condo starts near past averages and inventories edge closer to demand, we are seeing the condo market stabilize both in terms of the price of existing units and the volume of new construction,” said Robin Wiebe, Senior Economist at the Centre for Municipal Studies at The Conference Board of Canada. “Softer prices and positive economic factors continue to make condos an affordable way for Canadians to achieve homeownership.”

In Vancouver, Montreal and Toronto, which have been of particular concern, the

Summer 2013 Metropolitan Condo Outlook says growth in population and employment along with a gradual rise in interest rates are all factors that support a demand for the current supply of inventory.

“Whether it’s first-time homebuyers entering homeownership, empty-nesters looking to downsize or professionals seeking a shorter commute, condos appear to remain a popular option for urban Canadians,” said Brian Hurley, Chairman and CEO of Genworth Canada.

While Vancouver still boasts having the most pricey housing market in the country, condos remain an affordable option. The report suggests that it will continue to be a buyer’s market in 2013, with sales and prices picking up in 2014.

PLAN AHEAD...

Or dream on!

DIANE DUFLOT

EDITOR

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

No matter what stage of the home searching process you’re at right now, you’ll eventually have to move into that home of your own. I’ve yet to meet a person who likes moving, but it’s an obvious necessity to get from home A to home B, and most people get pretty excited at the possibility of filling a new space with their hopes and dreams. This New Condo Guide, we’ve got some practical — and specific — advice for those moving into condos from Barbara Lawlor in “Eliminate clutter before moving into a condo.” And for those of

12 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

you who prefer to think about how you’ll fill a new space and make it a haven all your own, we’ve got an article from regular contributor Yanic Simard (“Inspiring design: Vancouver’s Loden hotel”), in which he discusses how you can apply the design ideas he found in a downtown boutique hotel to your very own home. For a balanced perspective, I’d suggest reading both of these articles, as well as the rest of the helpful advice that we have for homeseekers in this issue, but I’ll leave that to your discrection.

Happy reading!

SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 13

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COQUITLAM | PORT COQUITLAM | PORT MOODY | PITT MEADOWS

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A1. EMERSON

A4. CELADON

A2. BLOOM

A5. REGAN'S WALK

Sales Centre #101 - 618 Langside Ave. 604.939.8808

A3. BLUETREE HOMES AT MACKIN PARK

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

DEWDNEY TRUNK RD

1128 Kensal Place 604.871.4189 611 Regan Ave. 604.492.0222

A6. CHARLAND

3102  1060 Austin Ave. 604.492.3388

14 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

B1. ORCHID

2455 Wilson Ave. 604.866.4206

HARRIS RD

HAMMOND RD PITT MEADOWS AIRPORT

608 Como Lake Ave. 604.936.9300

123RD AVE

GOLDEN EARS BRIDGE

207TH ST

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Hwy

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cover story

president of marketing and design. A shimmering water feature at the entry, bamboo gardens, and a rooftop deck are among the features she says will make this a one-of-a-kind, iconic building.

“Elements like these do more than add value, they create a home you can be proud to come home to — and that really is priceless.”

Charland Inspired by Life // by susan m boyce It’s one of the Lower Mainland’s hottest, hippest new neighbourhoods. And coming soon is a whole new way to enjoy West Coquitlam. Introducing Charland, an intimate collection of apartment residences brought to you by Ledingham McAllister.

“Charland’s architecture is inspired by Frank Lloyd Wright’s famous Fallingwater Residence and is going to be something truly different and very beautiful,” says Manuela Mirecki, senior vice 16 metro vancouver new Condo Guide september 6 - 20, 2013

Celebrate Active Living But make no mistake, Charland is designed to be far more than just a beautiful place to hang your hat. “Life doesn’t stop at your personal front door,” Manuela says. “People today are incredibly active and outdoor oriented. Sure they use their home as a base, but they’re always outside doing sports and other hobbies — activities that often mean you need space to store your gear. So, because we believe your mountain biking adventures shouldn’t have to end up on your kitchen floor, Charland will have its own dedicated bike repair room and secure storage.”

And here’s a cool bonus. Charland will also have a secure, in-building kayak storage area.

“Think about the convenience of being able to just decide you’re going for a paddle after dinner,” Manuela says. “No more having to plan trips to your parent’s garage to collect your gear. Some people call extras like this luxury — we call it life.”

Experience the ’Hood “West Coquitlam truly is a neighbourhood that’s coming of age,” Manuela says. “Buyers, especially younger buyers who want to get into the market sooner rather than later, see the value of purchasing in an upcoming, new area that’s super connected and convenient to everything from big box shopping to parks and schools — let’s face it, being right between SFU and Douglas College is a terrific bonus for students or professors. Plus you’ll be just minutes from the highway into Vancouver as well as the upcoming Evergreen Line.”

And here’s yet another unanticipated extra. Thanks to its location at the crest of the Austin Heights neighbourhood, Charland homes will offer amazing views of the Fraser River and Mount Baker to the south, the North Shore Mountains to the north, and even Vancouver Island and the Vancouver Golf Club to the west.

Feel like some different scenery? No problem. Just pour yourself a coffee or perhaps a glass of your favourite wine and head for Charland’s rooftop terrace where you’ll discover a whole new point of view on the surrounding skyline and cityscapes.

Savour Your Space Naturally, Charland homes also include all the cosmopolitan finishings you’d expect from a builder with a proud, 108-year history of excellence. Nine-ft. ceilings, gourmet kitchens with stainless appliances and stone counters, and massive banks of big, bright windows — Charland has it all. “The level of spec is the same as you’d expect to find anywhere in a prime, Vancouver location but at a much more affordable price,” Manuela says. “Really, whether you’re a first time buyer or a savvy investor, West Coquitlam is just a smart location — period.”

Charland’s presentation centre is located at 102 – 1020 Austin Ave. just a block east of Blue Mountain Hwy. in West Coquitlam.

Floor plans range from one-bedroom and den to spacious threebedrooms. Be sure to priority register today so you’re one of the first to receive information ahead of the grand opening this fall. For more information visit ledmac.com/charland or call 604.492.3388.

september 6 - 20, 2013 metro vancouver new Condo Guide 17

COQUITLAM/PORT COQUITLAM/PORT MOODY

18 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

NEED MORE

CLOSET

space?

With our new Customize Your Space Program, you can select from a number of options to make your home work better for you.

LIMITED TIME ONLY* Shopaholic Option: Add a custom walk-in closet for all your storage needs.

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 From $199,900 *Customizing options are available on select homes for a limited time. See sales staff for details.

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 Custom Promo ad for New Condo Guide

Insertion:

COQUITLAM/PORT COQUITLAM/PORT MOODY

20 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

COQUITLAM/PORT COQUITLAM/PORT MOODY

1 - 3 BEDROOM CONDOS COMING THIS FALL to wEST COQUITLAM’S MOST WALKABLE NEIGHBOURHOOD

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.

SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 21

Style file

Inspiring design:

Vancouver’s Loden HoteL // by yanic simard // Photos courtesy of the loden hotel

I always try to find inspiration in new places, across our nation and the world over. During a media tour of western Canada, I stayed at a unique boutique: Vancouver’s Loden Hotel. The interior design created warm, inviting environments, in several different ways, and this got me thinking how much design for the homeaway-from-home can guide the design of your own home-sweet-home.

Every stay in a new space is a chance to try out fresh ideas, discover unusual details, and live for a few days in the pages of a magazine. Next time you travel, make sure to bring a camera and take the time to notice what makes each space special. Until then, here are my tips to bring a touch of hotel-chic to your everyday.

Although my design studio is based in downtown Toronto,

First impressions › The Loden’s lobby makes a statement as soon as you enter: richly veined stone faces out the fireplace wall, inspiring a palette of sumptuous browns and airy creams.

Balance dark furniture with light walls (try Benjamin Moore’s OC-23 Classic Gray) to get this luxe, spa-like look. › Because first impressions are important in any space, the onebedroom suites define a foyer with a modern geometric screen, separating this vestibule from the dining area (with a fully mirrored wall opposite to double the visual space). Even in a high-rise home, making space for your own small foyer gives you a much-needed place to decompress when you enter, as well as a beautiful greeting.

(TIP) Fill in an existing half-wall or cut-out with wooden lattice or (as I recently did in a client’s home renovation) faux wrought-iron grating to turn an afterthought into its own design feature. In a more open plan add a freestanding screen with a bench in front to create a division.

22 metro vancouver new Condo Guide september 6 - 20, 2013

The bedroom › One-bedroom suites at the Loden mirror the entire wall behind the headboard to expand the room, with art hanging overtop to break up the large panel. You can easily tile a wall at home with 12x12 or 24x24 mirrors - just notch a corner or two to leave drywall exposed where you want to hang art, creating this trendy layered look. › Rooms at the Loden generally stick to one signature colour to give the palette depth without appearing busy. You’ll find warm coral tones in sofa upholstery, accent pillows, glass lamps and other accoutrements — choosing one favourite colour and carrying it throughout in small doses is the easiest way to give even a small space a playful pop. Look to Benjamin Moore’s 2011-30 Hot Spice as an example hue for accessories or an accent wall. › As many homes do, some units in the Loden have structural columns running through them. They made this an architectural feature by fitting a kidney desk to the curve, hanging the television from the top of the post (freeing up window space) and letting the curtains stack behind the column when open.

(TIP) Simply notching a desk (or choosing a curved shape) can let it fit tightly to a column, awkward corner or deep baseboard, creating a tidy look without wasting space.

Yanic Simard Yanic is the design editor of New Condo Guide and principal designer of Toronto Interior Design Group, specializing in residential and commercial projects. Simard has created designs for clients in Toronto, Montreal and Miami, and appears as a regular guest expert on Citytv’s CityLine and the Toronto Star. Visit tidg.ca

september 6 - 20, 2013 metro vancouver new Condo Guide 23

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onsdale & Third Ave L 604.638.6240

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13th & Lonsdale 604.969.3333

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24 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

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

A6. S EYLYNN VILLAGE 604.980.5000 www.seylynn.ca

RD

A6

A7. NORTHLANDS

#103 - 735 West 15th St 604.924.4488

FINCH DR

CL

KEITH RD W A3

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

LOGGERS LN

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300 Mt Seymour Parkway 3 604.800.2120 th & Chesterfield 8 604.871.4214

Presentation Centre 238 Fell Ave 604-980-0016

A10. H EYWOOD

1621 Hamilton Ave www.heywoodliving.ca

A11. ANCHOR

131 East Third St. 604.988.8800

rton

Dolla

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

REGISTER NOW HEYWOODLIVING.CA

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

SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 25

neighbourhood focus

Come late afternoon, both commuters and tourists

Lonsdale // by steven threndyle

26 metro vancouver new Condo Guide september 6 - 20, 2013

jam in to Translink’s SeaBus terminal for the 12-minute ride from Vancouver’s Waterfront Station across to Lonsdale Quay. Locals will likely have their heads hunched over their smartphones, checking kids’ soccer schedules or texting spouses to see what they can pick up for dinner at the public market.

Tourists, though, will be standing at the windows, mesmerized by the North Shore scenery. An impenetrablelooking curtain of forest-clad mountains dominates the skyline. Gleaming concrete towers with expansive decks and, no doubt, million-dollar views, rise from water’s edge. The indistinct murmur of many languages can be heard. Camera phones come out and instantly beam

on opposite page pictured left

The Vancouver skyline as seen from The Pier, part of Pinnacle International’s dazzling North Vancouver development.

Facebook and Instagram images around the world.

After docking, everyone swiftly decamps down the ramp and out to Lonsdale Quay. Home to over seventy shops and services, the Quay’s merchants specialize in locally sourced produce, fish, meat, poultry and even floral bouquets.

Indeed, the Lonsdale waterfront has always been a busy place — ever since North Vancouver’s incorporation in 1907. The new community became the centre of BC’s first major real estate speculation boom and nearby streets like Grand Boulevard feature gorgeously refurbished Victorianera homes, bounded by leafy boulevards and grassy parks.

Lonsdale really took off during World War II, when tens of thousands of workers thronged to the Burrard, Wallace and Versatile shipyards to support a large scale war effort that ran twenty-four hours a day, seven days a week. Archived photos from the era show a Lonsdale street jammed with hard-hat workers waiting for buses and ferries at shift-change.

Indeed, Shipbuilders’ Square is North Vancouver’s newest neighbourhood attraction — a walk back in time with several of the docks and buildings still in place. It’s also home to a summertime Night Market, and the outdoor square hosts a number of festivals throughout the year.

Shipbuilders’ Square was just named the site of the new North Vancouver Museum and Archives.

Anthem Properties is putting the finishing touches

on Local, a 20 storey high-rise high rise project which revitalizes midLonsdale’s commercial strip, and will provide future residents with views of the ski runs of Grouse Mountain.

Right across the street are the new City of North Vancouver’s public library and municipal buildings.

Near the Trans Canada Highway and across from the Centennial Theatre and the Harry Jerome rec centre, Polygon’s Anderson Walk adds both affordable and market-level housing in a five-storey walk-up designed with West Coast flair. Located on the site of a former elementary school, Anderson Walk features several suites designed for families with special needs kids.

As part of a community amenity program, Intracorp has contributed to the Gordon Smith Gallery for Canadian Art, an accessible, kid-friendly space that is Canada’s first gallery aimed at attracting young people.

27

NORTH SHORE/SQUAMISH/WHISTLER

NG I M N O C SOO

AN UNFORGETTABLE POINT OF VIEW. Queen Mary by Polygon is a refreshing collection of apartment residences on the quiet, park-filled side of West Lonsdale. Contemporary architecture and nearby urban amenities will draw you in and the stunning mountain, ocean and city views will make you stay. See how beautiful North Shore life can be.

ONE, TWO AND THREE BEDROOM APARTMENT RESIDENCES COMING SOON.

REGISTER NOW! Call 604.871.4214 or email queenmary@polyhomes.com This is currently not an offering for sale. Any such offering may only be made with a disclosure statement. E.& O.E.

28 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

NORTH SHORE/SQUAMISH/WHISTLER

SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 29

OVER

80% SOLD

A great selection of view homes are still available.

Only

16 signature residences remain!

Visit the Pre-View Centre. Open 12–5pm daily (closed Thursday and Friday).

101-1133 Lonsdale Avenue, North Vancouver. tHePrescOtt.ca | 604.969.3333 Signature north Shore Living This is not an offering for sale. Any such offering can only be made with a Disclosure Statement. E.&O.E. The developer reserves the right to make changes and modifications to the information contained herein. Renderings, plans, photos and sketches are representational only and may not be accurate. The Prescott, a Wesgroup Properties project, developed by 1250 Lonsdale Developments LP.

A

COMMUNITY

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.

SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 31

in the news

cmhc report: August housing starts Housing starts in Canada were trending at 187,416 units in July compared to 182,142 in June, according to Canada Mortgage and Housing Corp (CMHC). The trend is a sixmonth moving average of the monthly seasonally adjusted annual rates (SAAR)1 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,” says 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. Analyzing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which 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 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 starts2 were estimated at a seasonally adjusted annual rate of 19,811 units.

1 All starts figures in this release, other than actual starts and the trend estimate, are seasonally adjusted annual rates (SAAR) — that is, monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect annual levels.

By removing seasonal ups and downs, seasonal adjustment allows for a comparison from one season to the next and from one month to the next.

Reporting monthly figures at annual rates indicates the annual level of starts that would be obtained if the monthly pace were maintained for 12 months. This facilitates comparison of the current pace of activity to annual forecasts as well as to historical annual levels.

2 CMHC estimates the level of starts in centres with a population of less than 10,000 for each of the three months of the quarter, at the beginning of each quarter. During the last month of the quarter, CMHC conducts the survey in these centres and revises the estimate.

32 metro vancouver new Condo Guide september 6 - 20, 2013

Housing Starts in Canada – All Areas * Thousands

275 250 225 192,853

200

187,416

175 150 july 2011

july 2012

july 2013

Housing starts, SAAR Housing starts trend line (six-month moving average)

Preliminary Housing Start Data JULY 2013

June 2013

Trend1, all areas

182,142

July 2013

187,416

SAAR, all areas

193,797

192,853

SAAR, rural areas

17,061

19,811

SAAR, urban centres2 Single-detached

62,174

58,731

Multiples

114,562

114,311

Total

176,736

173,042

Atlantic, urban centres2

8,143

6,661

Quebec, urban centres2

30,023

29,652

Ontario, urban centres2

60,378

59,547

Prairies, urban centres2

48,797

46,350

British Columbia, urban centres2

29,395

Canada

July 2012

30,832 July 2013

Actual, all areas

19,852

17,993

Actual, rural areas

2,376

2,256 5,809

Actual, urban centres2

July — Single-detached

6,731

July — Multiples

10,745

9,928

July — Total

17,476

15,737

January to July — Single-detached

37,884

34,841

January to July — Multiples

72,795

58,398

January to July — Total

110,679

93,239

Source: CMHC Seasonally adjusted annual rates Urban centres with a population of 10,000 and over Detailed data available upon request 1 2

As Canada’s national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high-quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.

6

Levels

Concrete Construction on a Quiet West Lonsdale Street

NORTH VANCOUVER’S BEST LOCATION Capstone is just a short walk across the pedestrian walkway to the SeaBus terminal and Lonsdale Quay Market and just steps to John Braithwaite Community Centre, MarketPlace IGA, Shoppers Drug Mart, Lonsdale restaurants and more. Real homes in the heart of a special neighbourhood.

WEST 1ST ST 2 BLOCKS TO SEABUS

LONSDALE AVE

WEST 2ND ST CAPSTONE

CHESTERFIELD AVE

WEST 3RD ST

MOVE IN SPRING 2014 · REGISTER TODAY! NEW SALES CENTRE & DISPLAY HOME OPENING SEPT 2013 50% SOLD! GREAT HOMES STILL AVAILABLE

604.929.8870 LIVEATCAPSTONE.COM

Capstone is developed by Fairborne Capstone Homes Ltd. Rendering is representational only and may not be accurate. E.&O.E.

3rd St E

1st St E Esplanade Ave

Lonsdale Quay Waterfront / The Pier Seabus to Vancouver

St. Georges Ave

Lonsdale Ave

2nd St E

OPEN DAILY 12-5 PM VISIT US TODAY

SURREY | LANGLEY 116TH AVE

12 0T H

OR

RD

112ND AVE

108TH AVE

A9

104TH AVE

104TH AVE

se r

TYNEHEAD REGIONAL PARK

er

Hw

y

GOLDEN EARS BRIDGE

96TH AVE

A4 A1

88TH AVE

88TH AVE

BEAR CREEK PARK

176TH ST

208TH ST

192ND ST

10 RD

B3

A3

R

A7

LO VE

A12

WATERSHED PARK

64TH AVE 61A

A13

60TH AVE

58TH AVE

A6

56TH AVE

LANGLEY BYPASS

56TH AVE

er H

10

GR

AD

ER

A1. ASCEND

A6. LINGO

A11. 3 CIVIC PLAZA

B1. RED MAPLE PARK

A2. LUXOR

A7. ESPLANADE AT WATERSTONE

A12. LATITUDE

B2. KENSINGTON

15956 86A Ave. 604.596.2202

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

5665 177B Street 99 604.727.5478

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

36 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

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

A13. LUMINA

14877 60 Ave. 604.727.5478

7938 209th Street 604.888.8699

20678 willoughby Town Centre Drive 604.427.3311

B3. ELEMENTS

20211 66th Ave. 604.533.7718

B4. VARSITY

200th Street & Fraser Highway 604.539.2200

B5. ATHENRY GATE 8312 Street 604.882.8857

B6. CORNERSTONE 5655 210A Street 604.534.6000

wy

D

LANGLEY

SERPENTINE FEN NATURE RESERVE

B6 Fra s

B4

SURREY

B1

72ND AVE

A10

64TH AVE

B2

G

A2

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

B5

1a

King George Blvd

80TH AVE

96 TH

48TH AVE

40TH AVE

240TH ST

Fr as

RD

GREEN TIMBERS URBAN FOREST PARK

GL OV ER

96TH AVE

232RD ST

S

A5 A8

216TH ST

Fr a

A11

216TH ST

W ay

ST

GR

N VE OS

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

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

MOVE IN TODAY

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: 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.

condo profile

The Ridge at Bose Farms Where old meets new

t

// By diane duflot

he Ridge at Bose Farms upholds a delicate balance between old and new, combining a local historical landmark with brand-new condominiums and a state-of-the-art amenity building.

Amenities… amenities

“Old and new have been integrated in such a way here as to make a perfect marriage between the two,” says Jamie Squires, senior project manager at Fifth Avenue Marketing. The giant new amenity building — which houses a fitness space and a large entertainment area — features a large glazed wall that looks into the old Bose Barn, which will be home to another large seasonal amenity space. On top of this, the original heritage house will be a third amenity space that includes two guest suites and a smaller entertainment room perfect for more intimate gatherings.

And that’s not all for amenity space: the Bose Farm’s dairy shed will be a potting shed, complete with an herb garden in the shape of the original dairy barn. And there are also sizeable community gardens in the central courtyard next to the old Bose Farm House, meaning that putting your green thumb to work here should be a cinch!

trails and dikes out back connect to beautiful walks (or bike rides) along farm, river and woodland paths, putting the West Coast outdoor lifestyle at buyers’ doorsteps. Best of all? The pristine surroundings here won’t change, since this community is bordered by Agricultural Land Reserve (ALR) land. Nearby, buyers will also find the local treasures of Cloverdale’s farm market and the famous Bose Corn Maze.

Country modern interiors The interiors of these homes are also in balance with the heritage setting: the style is country modern with open plans, and there are plenty of unique design features here. The kitchens, for example, are spectacular, and smaller homes have a table-height kitchen island, a great space-saving storage solution. Every home also has outdoor space, in the form of either a balcony or a patio..

Register now for The Ridge at Bose Farms and gain access to September’s VIP release (public release is scheduled for October). All floor plans and a features list will be available at that time. One-bedroom, one-bathroom homes at the Ridge at Bose Farms will range from 450 sq. ft. up to just over 600 sq. ft. and two-bedrooms, two-bathroom homes

38

The view from here

begin at about 830 sq. ft. and go up to 1100 sq.ft. Great

With views of the North Shore Mountains to the North, of the flatlands to the West and of forest to the South, plenty of Vancouver’s natural beauty is on display here. What’s more,

value will be offered in the first release, with anticipated prices ranging from $129,900 up to the $330’s.

SURREY/LANGLEY

CO

MI

NG

SO

ON

121 YEARS IN THE MAKING A collection of bold new Country Condos at historic Bose Farms.

Country views. Modern luxuries.

Your piece of the heartland.

REGISTER NOW

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

604.888.5514

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

SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 39

SURREY/LANGLEY

sarah

BORN: New Westminster AGE: 31 OCCUPATION: Nurse

FAVOURITE FEATURE @ VERVE: I love my patio & everything about the kitchen!

WHY SURREY? I believe it will soon be the next heart of Metro Vancouver.

WHY VERVE? I really like Verve’s style, it’s chic & suits me. The people at Porte were amazing, they made my home-buying experience unforgettable.

LOVE WHERE YOU LIVE

13

14

MINS CENTRAL SURREY MALL

MINS SFU CAMPUS & FUTURE CITY HALL

6

MINS SKYTRAIN

TARGET OPENING THIS FALL!

7

35

MINS TO DOWNTOWN VANCOUVER

10

MINS HOLLAND PARK

MINS SURREY MEMORIAL

SURREY — THE BEST PLACE TO INVEST 1200 PEOPLE

MOVING TO SURREY EVERY MONTH

FASTEST GROWING CITY IN BC

SET TO

OUTGROW VANCOUVER BY 2031

GOOD INVESTMENT WITH PROPERTY VALUES TO RISE.

VISIT OUR 2 DESIGNER SHOWHOMES TODAY! 10119 WHALLEY BLVD, SURREY | OPEN DAILY 12–5PM (CLOSED FRI)

COMING SEPT 21ST BUILDING 2

604.588.3783

More homes priced from $169,900

NO DOWN PAYMENT?

BUILDING 1 nearly SOLD OUT

LEARN ABOUT OUR FLEXIBLE DEPOSIT PROGRAM AT:

PORTE.CA/VERVE Information was correct at time of printing. Pricing and promotion subject to change without notice. Sales by disclosure statement only, E&OE.

40 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

Proudly developed by

SURREY/LANGLEY

$0

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 12–5pm (closed Fri)

take a Video tour & VieW our floor plans at:

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

SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 41

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SURREY/LANGLEY

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

(INCLUDE NET GST)

FROM

$179,900

For more information:

88 AVE 160 ST

604.825.1038 or visit our website at

FRASER H

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

162 ST

ONE BEDROOM STARTING

WY

DEVELOPED BY:

PIONEER G R O U P

The builder reserve the right to change floorplans, elevations, specifications and prices without notice. Square footage as noted are approximations of each individual unit. The purchaser is responsible for verification of the unit layout and square footages. All renderings, floorplans, models and maps are artist's conceptions and not intended to be an actual depiction of buildings or landscaping. Floorplans may vary. Ask a salesperson for details. *See Sales Staff for promotion details.

42 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

OWN FOR AS LOW AS

$ 571 /MONTH*

SURREY/LANGLEY

-IN E OV M

Y! A D TO

*

Fall into Your New Home Today - Ends Sept. 31/13.

SAVE $10,000* on all Condo’s SAVE $15,000* on all City Homes Ask about our Fall into Your New Home 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 Fall into Your New Home program is $10,000 incentive on all remaining condos or $15,000 on remaining City Homes until September 30, 2013. Don’t miss out! E&O.E. Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca

SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 43

condo pro

// by barbara lawlor

moving into a condo? eliminate clutter

Barbara Lawlor is president of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condominium developments in the GTA and overseas.

W

hen you make the decision to buy a condo suite, the last thing you want to do is clutter it with unnecessary “stuff.”

You know, the boxes of items you never use but have avoided getting rid of because you might need them someday, or because they hold sentimental value, or you only purchased because they were on sale.

At Baker Real Estate Inc., we often hear from condominium purchasers who are moving from large family homes that they don’t know what to do with all of their belongings. And the larger the home, the more things they have amassed.

The good news is that buying into a new condominium usually means you have quite a bit of time to organize and sort possessions before you move in. First, you need to measure up and figure out which

furniture items you own and wish to keep that will actually fit into your new space.

You receive dimensions from your builder, and when you go for your Pre-Delivery Inspection, you can measure again to be sure. Then begin the purging process.

Even for condo buyers who are keen to de-clutter and simplify their belongings, however, the task may seem overwhelming. One approach is the garage/yard sale — one of the oldest forms of recycling. Put the money you make toward closing costs or buying new items that fit with your convenient condo lifestyle. You may sell a large dining room set, for example, and purchase one of the modern coffee tables with a swing-up top that can serve as a dining table.

There are several other ways to de-clutter, of course. People often give away possessions to their family and friends, which is another way to recycle. Heirlooms and cherished items can be welcome additions in the homes of those who mean a lot to you. Whether they are antiques, appliances, toys or household accessories, wouldn’t it be lovely to know that someone you love will be using and appreciating these items? Your cast-offs can also be donated to charity shops, which is also a great way to pass things along. And of course, there is the trash can for items that are beyond salvage — and who doesn’t have a few of those hanging around?

The good news is that buying into a new condominium usually means you have quite a bit of time to organize and sort possessions before you move in.

I also know of many people who have hired a home organizer. Contrary to what you may think, an organizer will not try to force you to throw out items you really want to keep. In reality, these professionals have an eye for organization — for sorting piles and closets of things into categories, then guiding you through a process that helps you gradually weed out items. This is a wonderful time to designate heirlooms to go to family members without feeling rushed. The beds and dressers that you will not need in your new condo could solve a problem for an acquaintance with growing children.

Remember the Internet? You can give items away on Freecycle.com — the deal is that the first person who responds who is willing to come and pick up the item gets it free. And there are other sites where you can sell things online. Ask your home organizer for suggestions.

And remember that a neat, tidy, uncluttered house will sell more quickly than one that is packed full. One of the first things home stagers do is suggest decluttering. Move into your gorgeous new condo with enough stuff to keep you happy yet allow the design, features and finishes to shine.

44 metro vancouver new Condo Guide september 6 - 20, 2013

SURREY/LANGLEY

OWN TODAY, mOve-iN NOW.

NO TAX

*

The #1 selling community in Langley.

With everything you want and more.

FROM

$184,900

(iNcLuDes NeT GsT+TRANsiTiON TAX*!)

• Nine-foot ceilings • Side-by-side fridge with water & ice • Soft-close cabinets

• Huge patio or fenced yard • Floating fireplace • Parking & storage locker

MARCON makes smart living easy. And with homes available to move-in to this July, now is the time to make the smart choice. Visit our Sales Centre today.

604.534.6000 cornerstoneliving.ca Sales Centre and three fully-furnished Display Homes open daily (closed Friday) from 12 to 5 pm. 56th & 210A St, Langley Marcon Realty Corp. *Prices and offering subject to change without notice. Purchasers responsible for all other taxes and fees. Qualified purchasers only. See sales person for details. E. & O.E.

SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 45

OUTLINE GRAPHIC DESIGN • 604.685.7053 Publication: New Condo Guide

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

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50 | 2

46 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

H

SURREY/LANGLEY

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

DECK

BEDROOM GARAGE

LIVING W/D LINEN

64 AVE

POWDER

60 AVE

KITCHEN

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MASTER BEDROOM

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

DEN

(except Fridays)

WINDOW SEAT

WINDOW SEAT

LOWER FLOOR

62 AVE

152 ST

148 ST

ENSUITE

146 ST

DINING

MAIN FLOOR

604.953.1211

UPPER FLOOR

ashburyhill.com

fairborne.com Ashbury Hill is developed by Fairborne Panorama Homes Ltd. Pricing is subject to change without notice.

Layouts and materials on floorplan are approximate and subject to change without notice. E.&O.E.

SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 47

condo watch

Highbury Residences West Point Grey On the Street: 4th Ave. and Highbury On the Web: southstreet.ca

Uptown West Coquitlam On the Web: bosaproperties.com

Condo market watch Condominium homes to keep your eye on

Highlights: Priority register early for your opportunity to own a brand new home in this highrise tower from Bosa Properties. Located just steps from the upcoming Evergreen Line, Uptown gives easy access to shopping at Lougheed Town Centre or the big box mecca of United Blvd., a diverse array of parks and outdoor recreation, plus three advanced education facilities — Simon Fraser University, BCIT, and Douglas College.

Keep your eye on this column too as we’ll bring you more information when it’s released.

Stratus Burnaby On the Street: 2131 Willingdon (at Lougheed) On the Web: solodistrict.com Info: 604.298.8800

The Rolston Downtown Vancouver On the Street: Drake and Granville Presentation Centre: 1265 Granville On the Web: therolston.com Info: 604.782.0821 Highlights: Located at the gateway to downtown Vancouver, The Rolston is emerging as an iconic landmark with a distinctly urban and playful attitude to life. Don’t miss your final chance to be part of this dynamic, vibrant neighbourhood. Only 30 homeownership opportunities remain, including seven individual floorplans inspired by the contemporary urban lifestyle. Savour dazzling cityscape views from your private balcony or the 27th floor rooftop deck. Twobedrooms priced from just $479,000.

Highlights: Part of Solo District, Appia’s dazzling masterplanned community in Brentwood, Stratus still offers an excellent selection of condominium residences ranging from studios to spacious threebedroom and dens. Priced from just under $300,000, these homes feature nine-ft. ceilings, open floorplans, oversized windows, and kitchens designed to kick your culinary creativity into high gear.

Completion anticipated for fall next year — a year ahead of the anticipated date for Stratus’ sister tower, Altus which at the equivalent of 55 storeys will lay claim to being Burnaby’s tallest tower.

All this plus geothermal heating and air conditioning, a spectacular 5,000-sq.-ft. rooftop amenity space, and panoramic views in all directions. Just steps to the SkyTrain that can whisk you to downtown Vancouver in about 15 minutes.

48 metro vancouver new Condo Guide september 6 - 20, 2013

Highlights: Coming to Vancouver’s prestigious West Point Grey neighborhood, this exclusive collection of just six condominium residences is anticipated to begin sales soon. Homes are spacious — over 2,000 sq. ft. — and use wood, glass, and metal to reflect the unique beauty of pure West Coast Contemporary architecture. Be sure to priority register for this rare opportunity.

Insignia Seattle On the Street: 6th and Bell On the Web: insigniabybosa.com Highlights: If you’re considering a Seattle home, you’ll want to priority register soon for this new offering.

Brought to you by Bosa, these signature city residences are designed large — onebedrooms start at 793 sq. ft. and there’s a three-bedroom penthouse with almost 2,200 sq. ft. of luxurious living. Insignia’s twin towers soar 41 storeys above the street and are an exceedingly rare opportunity to purchase a brand new condominium residence in the heart of downtown Seattle. Prices start in the high $300,000s. Priority registration now being accepted on the website.

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.

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

SA N V EX in E T Ph $1 4 as 0 e 3 ,0 On 00 ly !*

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

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

• 20 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!

22 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. Next 4 applies to phase 3 homes only. 10 ready to move-in homes are in phase 2. 20 homes under $200,000 are in phase 2 and 3. E.&O.E. Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca

50 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 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.

SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 51

buyer profile

Cheryl’s On the Go Trendsetting lifestyle at Kensington // by Susan M Boyce

y

ou know them instantly. Vivacious, creative, and usually possessed of a delightful sense of the whimsical and innovative, they’re the people who are never content to simply live life — they transform every moment of every day into a celebration. One such person is Cheryl. A selfconfessed trendsetter and free-spirited personal chef, Cheryl is also one of the very first people who fell in love with the village ambiance of Kensington in Langley.

“I like places that are trendy and happening,” she says with an enthusiastic smile. “This location is perfect. I’m close to three golf courses, it’s a 10-minute drive to Fort Langley, Costco is about four minutes away, and when I want to visit my friends in Yaletown, I can just zip down the highway and it will probably take me less time than from Newport Village in Port Moody where I live now.”

Culinary Delights Cheryl discovered her new Kensington home almost by accident — but she knew instantly this was it. “I’d just catered a dinner for my brother who lives down the street and thought I’d check it.” She laughs. “Everyone who knows me knows I’d never move anywhere unless it was totally walkable community — Kensington is.”

Also high on Cheryl’s “must have” list was a kitchen that would stand up to her highly adventurous culinary spirit. She’s been a personal chef, catered aboard a private yacht, and now has plans to open a business that combines in-home cooking demonstrations and instruction with fine dining. “I’ll have twice as much cupboard space and a centre island,” she says.

“I’m stoked about it.”

Investment Savvy After paying $1,450 a month in rent for the past several years, Cheryl says she considers being able to purchase her 1,221-sq.ft., two-bedroom and den home for $360,000 “an astonishing value. Buying at Kensington was the best business decision I 52 metro vancouver new Condo Guide september 6 - 20, 2013

PICTURED

I like places that are trendy and happening.

This location is perfect.

could have made. And getting into the Village as one of the pioneers means it’s just going to get better and better as time goes on.”

Until her new home is complete, Cheryl says she’s documenting Kensington’s development through photography and even Vinnie, her precocious and equally free spirited black pug is getting excited. “My Vinnie, he’s gorgeous — a really good looking guy,” she says with obvious pride. “Sure he’s going a bit grey, but that just gives him an extra air of sophistication.”

Kensington is located at 208th St. and 80th Ave. in Langley’s dynamic Willoughby neighbourhood. For more information, visit liveatkensington.ca

SURREY/LANGLEY

R !

DE ION N U CT U W NO STR N CO

Willoughby Town Centre

Grand Opening & Outdoor Artisan Market September 21, 10am-3pm 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.

SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 53

10

176TH ST

184TH ST

176TH ST

184TH ST

168TH ST

152ND ST

y King George Hw

SOUTH SURREY | WHITE ROCK

40TH AVE SERPENTINE FEN NATURE RESERVE

CR

CRESCENT BEACH / BLACKIE SPIT

E

E SC

NT

99a

RD

5

99

32ND AVE

SUNNYSIDE ACRES URBAN FOREST PARK

CRESCENT PARK

24TH AVE

1

Ki

24TH AVE

164TH ST

26TH AVE

24TH AVE

ng

148TH ST

INE

DR

168TH ST

16TH AVE 160TH ST

152ND ST

140TH ST

128TH ST

3

6

MA R

y

2

4

Hw

16TH AVE

ge

16TH AVE

or

20TH AVE

Ge

SOUTH SURREY ATHLETIC PARK

15 10TH AVE 8TH AVE

SOUTH SURREY / WHITE ROCK 1.

MORGAN CROSSING

24th Ave & Hwy 99 604.582.1336

2.

ROYCE

Thrift & Everall 604.538.8028

3.

4.

GEMINI

5.

EDGEWATER

ADAGIO

6.

AVRA LIVING

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

54 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

152nd & 36 Ave. 604.818.5603 1455 George St. 604.531.9030

8TH AVE

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.

SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 55

Published by

VIEW OUR MAGAZINES ON ANY

DIGITAL DEVICE anytime, anywhere!

Now you can view all New Condo Guide magazines online using any smartphone, tablet or desktop device.

NEWCONDOGUIDE.COM

ROOM TO ENTERTAIN.

THE MOST COVETED ADDRESS IN WHITE ROCK. The luxurious residences at Royce provide a lifestyle that few can rival.

An exclusive enclave of 1,2 and 3 bedroom residences located in the ocean-side community of White Rock, Royce offers spacious, singlelevel living with designer finishes and chef quality appliances.

At Royce, there’s room for everything but compromise!

1 Bed & Dens

from $332,300

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

2 Bed

from $457,300

2 Bed & Den

from $528,300

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

3 Bedrooms

from $702,300

EVERALL

152ND ST.

N. BLUFF/16TH AVE.

OXFORD

ROYCELIVING.COM

Penthouse & Terrace Homes

THRIFT

®

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

from $1,229,300

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

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

SOUTH SURREY/WHITE ROCK

The Summit House at Morgan Crossing has suites with dazzling mountain views. From the North Shore Mountains, through to Golden Ears and all the way around to Mount Baker.

Year-round these rocky beauties will enchant you. Or perhaps staring out on a calm lush oasis is more your style. The Summit House has suites that look out on the Rooftop Plaza, over an acre of blossoming outdoor space complete with a BBQ, sunning area and community garden. The Summit House is the final opportunity to own at Morgan Crossing, a walkable urban village in the heart of South Surrey.

Visit us today and experience Village life for yourself!

2 BEDROOM 828 SQFT SUITES FROM $275,900 INCLUDING GST*

LEARN MORE ABOUT THE SUMMIT HOUSE Visit the Real Estate Presentation Centre!

Open daily (except Fridays) noon - 5pm #314-15850 26th Avenue, South Surrey

DEVELOPED BY Sales + Marketing by

MORGANCROSSING.CA | 604.582.1336 *Pricing deadline August 31st, 2013. Prices include net GST, subject to availability. Prices & specifications subject to change without notice.

This is not an offering for sale, such an offering can only be made by way of a disclosure statement. E.&O.E.

58 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

SOUTH SURREY/WHITE ROCK

SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 59

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

MA

RIN

QUEEN ELIZABETH PARK

RI

W 70TH AVE

SW

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

RENFREW ST E 12TH AVE

SW AY

E 33RD AVE

MAIN ST

OAK ST

W 57TH AVE

Boundry Road & Kingsway 604.874.9232

10

NG

E 29TH AVE

13 11

3

E 41ST AVE

W 49TH AVE

1777 West 7th Ave 604.737.0360

KI

W 41ST AVE

R

188 Keefer 604.620.2018

E BROADWAY

E KING EDWARD AVE

6 ED

E BROADWAY

W 12TH AVE

MA

4th Ave. & Fir 604.731.5522

First & Quebec 604.876.8819

King Edward & Main 604.877.1116

11. KENSINGTON GARDENS 2220 Kingsway 604.620.7886

12. KEEFER BLOCK Keefer St & Main St 604.682.8813

13. TRIO

7. SAIL

108 - 3479 Westbrook 604.221.8878

60 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

4338 Commercial St Presentation Centre 768 Kingsway St 604.879.8989

NE

E 49TH AVE

VICTORIA DR

SW

W BROADWAY

E 1ST AVE

DR

SE MARIN E

DR

14. ROLSTON

Presentation Centre: 140 - 1265 Granville Street 604.688.8927

15. SHINE

289 East 6th Avenue 604.261.3936

16. ONE PACIFIC

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

17. 900 HASTINGS

900 East Hastings Street 604-683-0900

BOUNDARY RD

W KING EDWARD AVE

PACIFIC SPIRIT PARK

DUNBAR ST

L AL

7

AVE

KNIGHT ST

KM

W 16TH AVE5

6T

W1

INAL

15

W 6TH AVE

MAIN ST

OO

VE HA

2 W BROADWAY

8

OAK ST

W 10TH AVE

TE R M

9 BURRARD ST

ALMA ST

W 4TH AVE

1

14

CORNWALL AVE

CAMBIE ST

REY RD

VENABLES ST

COMMERCIAL DR

16 POINT G

JERICHO BEACH PARK

LVD

BR ST WE

UBC

LLOR B

GRANVILLE ST

NCE

E DR

ARBUTUS ST

CHA

17

12

MCDONALD ST

AR IN

E HASTINGS ST

4

BURRARD INLET NW M

LUXURY LIVING. KITS STYLE.

GRAND DOUBLE-HEIGHT LOBBY WITH 24 HOUR CONCIERGE · 6,000 SF OUTDOOR COURTYARD · ROOFTOP TERRACE WITH BBQ · 2 FULLY-EQUIPPED FITNESS CENTERS · MOVE IN TODAY TWO BEDS + ENCLOSED BALCONY + FLEX FROM $599,900 · KITS360.COM 604.737.0360 · Sales Office & Display Suites 1777 West 7th Avenue · Open Daily 12-5pm, Closed Fridays Developer reserves the right to make changes and modifications to the content contained herein without prior notice. E.&O.E.

VANCOUVER

BC REC

BC Real Estate

Convention

62 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

Priority Registration KensingtonGardens.ca

Kensington Gardens Ad New Condo Guide 130906.indd 1

THIS IS NOT AN OFFERING FOR SALE. ANY SUCH OFFERING MAY ONLY BE MADE BY WAY OF DISCLOSURE STATEMENT. E.&O.E.

Coming Fall 2013

North America’s leading residential developer is bringing the first fantastically designed and executed project to this Vancouver community, and it is surprisingly affordable.

2013.08.28 4:50 PM

YES HERE.

condo sense

// by cameron mcneill

Urban or Suburban?

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

R

ecently, a popular reality TV show called “Urban Suburban” came to Vancouver to film (hgtv.ca/urbansuburban). Homebuyers compared six homes with similar price tags, three in urban neighbourhoods and three in suburban areas. The show makes arguments for each lifestyle and ultimately demonstrates that the further you live from an urban core, the more house you’ll be able purchase.

MAC Marketing Solutions markets and sells new homes all over Metro Vancouver, so we’re constantly analyzing the impact that “distance” plays on values. But the definition of distance is becoming less clear as metropolitan centres form throughout Metro Vancouver.

And as technology and transportation infrastructure continue to improve, ideas 64

about where urban ends and where suburban starts are shifting. With the completion of the Evergreen Line in 2016, the entire Tri-city area (Port Moody, Coquitlam, Port Coquitlam) will realize shorter commute times and more connectivity to Vancouver than ever before. Coquitlam is also creating its own town centre, and the convenience of office space and commercial/retail space alongside residential towers give this area a distinct urban feel. Recent improvements to several highways and new bridges have also made areas like Maple Ridge, Abbotsford and Squamish more accessible than ever.

Even Bowen Island is now being considered a suburb of Vancouver.

Unlike the ‘50s, many new suburban communities are now being designed and approved based on excellent transit systems, so that suburban residents are not necessarily at the mercy of a vehicle. Owning, fuelling, parking, insuring and maintaining a vehicle will add a big cost for those who need to drive daily, not to mention the impact on the environment.

When considering a suburban setting, be sure to find out more about the existing and planned transit in the neighbourhood. Not everyone needs or wants to work from the office anymore. Telecommuting has provided more flexibility to work from home with an internet connection and a laptop. For those of us who still need to commute daily, the cost of living further from your workplace needs to be considered when selecting a new home. What are the real costs of living further away? The reality of ever-rising fuel costs and population growth will continue into the foreseeable future. What are the differences in the annual property taxes and the costs to heat each home? What is your time worth? Ultimately, the tradeoff between more space for higher transportation costs and your time should be calculated out in detail. So, are you urban or suburban? If you are looking for a new home, talk to your realtor about the benefits of living closer to and further from town. Be sure to weigh all the pros and cons, and make the decision that works best for your budget and your lifestyle.

MOVE IN NOW–JUST IN TIME FOR SCHOOL Modern one, two and three bedroom apartment homes at UBC encourage indoor/outdoor living at its finest, with Westbrook Village amenities close by and verdant greenways connecting community and home. A limited number of homes available for move in prior to the start of the Fall 2013 school year.

Only a handful of three bedroom homes left! Homes priced from the 390’s*.

PRESENTATION CENTRE 106 – 5983 GRAY AVE, VANCOUVER | 604.221.8878

VISIT ADERA.COM CHECK US OUT ON TWITTER AND FACEBOOK

*LIMITATIONS APPLY. SALES BY DISCLOSURE STATEMENT ONLY. E&OE. SAIL ADERA PROJECTS LTD. ADERA REALTY CORP. 2200 – 1055 DUNSMUIR ST., VANCOUVER V7X 1K8 | 604.684.8277

FINANCES

// BY GAIL VAZ-OXLADE

ARE YOU EMERGENCY PRONE?

W

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

hen the experts say that you need an emergency fund, they’re suggesting that you set aside some money just in case something really big comes along to throw you off your well-laid financial path. We’re talking about a job loss. We’re talking about an illness that has you sidelined for a few months or longer. We’re talking about major unpredictable events.

Over and over I meet people who are battered by emergencies. Their tires need to be replaced. Couldn’t see that coming, right? Their 15-year-old microwave gives up the ghost. Totally out of the blue, eh? The car needs winter tires. We live in Canada — snow isn’t a big surprise!

Most of the emergencies people site are actually events that could be predicted and planned for, with a little insight and a willingness to set some money aside for a planned expense. Truth is, most people would rather spend the money now! So they close their eyes to the inevitable arrival of an “unforeseen expense,” and then claim it’s an emergency.

Most of the emergencies people site are actually events that could be predicted and planned for, with a little insight and a willingness to set some money aside for a planned expense.

Truth is, most people would rather spend the money now! So they close their eyes to the inevitable arrival of an “unforeseen expense,” and then claim it’s an emergency.

Then there are the folks who turn their little “emergencies” into big expenses.

Your fridge isn’t working and you need a new one? Might as well upgrade if we are getting another one! But heading out to find a shiny stainless-steel job where a less expensive fridge would do without having the money set aside isn’t an emergency, it’s an excuse to go shopping on credit. Now you’ve turned your small need into a big ol’ want and you can’t wait to scratch your itch.

People love new. And they love bigger too. They are loath to look for the less-expensive way to do things when the “emergency” has supplied them with the perfect excuse blow a wad of cash credit. When the air-conditioning in my

66 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

S

th in s

car went recently, I headed to my local car doctor to figure out the problem.

He replaced my Freon, which promptly re-evaporated. He could replace the whole system or cap the sucker before the leak but I’d only have air in the front of the van. Cost difference? About $1,000. I said, “Cap the sucker!”

Sometimes the fix makes more sense in the grander scheme of things.

Yes, there are times why buying new is the right solution, but it isn’t in an “emergency,” it’s when you’ve made a plan to replace whatever it is you need, done your research and saved the money you’ll have to spend.

It makes no sense to label every financial setback an “emergency” and then panic as you search for the quickest solution. Panic leads to irrational acts. Irrational acts are

expensive. It makes far more sense to look at your stuff and think about it in the context of when it will likely need to be replaced. I know I’ll need another car in about 150,000 or so kilometers. So I’ll make allowance for that in my planning. If it comes a little sooner than I expect, I’ll still be well on my way to my planned spending. If it comes a little later, all that extra time is gravy!

If you find you just can’t get ahead of all the little “emergencies” that keep cropping up in your life, you need to build a “contingency” fund into your budget.

This is a good alternative for people who just can’t seem to plan ahead. Hey, you are who you are and it’s better to accept your shortcomings as a planner and have an alternative than continue to be jolted by surprises. Setting aside some money to deal with the unexpected will not only give you the wiggle room in your budget, it’ll stop you tapping your emergency fund. Now you have a way to deal with all the unexpected expenses that keep cropping up in your life while you continue to build a safety net for the really big stuff that may come along.

Your emergency fund is meant to hold you through the toughest of times, not scratch every replacement itch you get. Leave it alone so it can grow. In the mean time, take an inventory of what you have and when it’s likely to expire.

Start planning to eliminate all the “emergencies” that have been draining your just-in-case fund.

Your emergency fund is meant to hold you through the toughest of times, not scratch every replacement itch you get. Leave it alone so it can grow. In the mean time, take an inventory of what you have and when it’s likely to expire. Start planning to eliminate all the “emergencies” that have been draining your just-in-case fund.

SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 67

VI

OR CT

IA

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216TH ST

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124TH AVE

232RD ST

228TH ST

DEWDNEY TRUNK RD

1 240TH ST

PITT M EADOWS

S BONSON RD

207TH ST

AIRPORT

R IVE

R RD 116TH

248TH ST

2 3

HAMMOND RD

227TH ST

4

DEWDNEY TRUNK RD

224TH ST

123RD AVE 203RD ST

FORD RD

HARRIS RD

GOLF COURSE

HARRIS RD

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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

68 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

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240TH ST

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PITT MEADOWS | MAPLE RIDGE

PITT MEADOWS/MAPLE RIDGE

Move in Now

SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 69

in the news

genworth canada report

No boom, no bust as condo market remains stable across the country Record growth is not in the foreseeable future

of the condo market, but it is also likely the sector will be able to avoid a major downturn, according to the latest Conference Board of Canada condo report released

by Genworth Canada. While markets in major centres such as Vancouver, Montreal and Toronto have been of particular concern, The Summer 2013 Metropolitan Condo Outlook suggests population growth and employment gains will help maintain demand levels to absorb supply inventory.

“Whether it’s first-time homebuyers entering homeownership, empty-nesters looking to downsize or professionals seeking a shorter commute, condos appear to remain a popular option for urban Canadians,” said Brian Hurley, Chairman and CEO of Genworth Canada.

The Report notes economic factors affecting the housing market, such as employment, interest rates and population growth, will only undergo moderate changes.

Employment is expected to rise modestly in the mediumterm and interest rates are expected to increase gradually, while population expansion and demographics will continue to support demand in regional markets.

“As condo starts near past averages and inventories edge closer to demand, we are seeing the condo market stabilize both in terms of the price of existing units and the volume of new construction,” said Robin Wiebe, senior economist at the Centre for Municipal Studies at The Conference Board of Canada. “Softer prices and positive economic factors continue to make condos an affordable way for Canadians to achieve homeownership.”

70 metro vancouver new Condo Guide september 6 - 20, 2013

Regional Highlights › Québec City’s condo starts will start to return to long-term average, with average resale prices expected to show a moderate rise of 1.1 per cent in 2013 and 1.9 per cent in 2014, which will allow demand to increase until 2016 as it catches up with supply. › Montréal’s steady economic growth and aging population will bolster unit sales, but volume growth is expected to be a modest 1.4 per cent per year from 2015 to 2017. › Ottawa’s regional economy is still feeling the effects of government spending cuts which weakened demand and slowed price increases, but economic growth expected in 2014 will help increase demand and unit sales by about 2.5 per cent per year from 2015 to 2017. › Toronto’s inventory of completed and unsold new condominiums was up in 2012, so builders are expected to pull back from the market in 2013 and 2014, but a stable economy and population growth are expected to bring builders and buyers back to the market by 2015.

› Calgary starts will be hampered in the third quarter by the flooding earlier in the year, but as the “youngest” city in the survey, it is expected to enjoy the highest growth in starts and resale volumes in 2014, with price growth at a moderate level of 2 per cent to 3.5 percent over the next few years. › Edmonton inventory levels will become more balanced, with the median price expected to rise slightly in 2013 — the city’s first gain since 2007. › Vancouver remains the most expensive housing market in the country, but condos remain an affordable option. It’s expected to continue to be a buyer’s market in 2013, with sales and prices picking up in 2014. › Victoria faces the greatest challenges with the lowest number of starts among the report’s eight cities and no growth in resale prices or sales until 2014. Despite its mild climate and attractive surroundings, a high inventory of unsold new units and constrained demand due to a soft economy will continue to cause drag on the condo market in Victoria.

“ Softer prices and positive economic factors continue to make condos an affordable way for Canadians to achieve homeownership.”

Resale prices for condos are expected to rise next year in all eight cities studied, with Calgary showing the largest growth of 3.3 per cent and Vancouver, following two years of price decline, growing only 1.4 per cent.

Average Resale Condo Price by City: Forecast city

2012

2013

Québec city

$220,860 7.4

$223,363 1.1

$227,575 1.9

Montréal

$267,175 4.0

$265,344 -0.7

$271,899 2.5

Ottawa

$271,331 3.8

$272,282 0.4

$280,626 3.1

Toronto

$305,350 1.5

$305,239 0.0

$310,242 1.6

Calgary

$244,362 3.0

$251,237 2.8

$259,640 3.3

Edmonton

$210,577 -1.2

$214,680 1.9

$220,743 2.8

Vancouver

$366,263 -1.7

$364,593 -0.5

$369,527 1.4

Victoria

$268,633 -6.5

$264,180 -1.7

$273,783 3.6

forcast

2014 forcast

Numbers in green indicate percentage change from previous year.

Sources: The Conference Board of Canada; CMHC Housing Time Series Database; Canadian Real Estate Association; Québec Federation of Real Estate Boards. Average resale prices are used for Québec City and Montréal; median resale prices are used for the rest of the metropolitan areas. Resale and average prices in Montréal and Québec City include all condo styles, not just apartments.

Produced twice a year, the Metropolitan Condo Outlook is commissioned by Genworth Canada from the Conference Board of Canada. The Report reviews a wide range of condominium statistics and offers an in-depth analysis of the trends in the condominium market for eight large Canadian metropolitan areas: Québec City, Montréal, Ottawa, Toronto, Calgary, Edmonton, Vancouver and Victoria. A copy of the report is available at: http:// genworth.ca/en/about-us/about-us-publications.aspx .

Find out more at www.genworth.ca.

september 6 - 20, 2013 metro vancouver new Condo Guide 71

BRITISH COLUMBIA’S

NEW CONDO DEVELOPMENTS PROJ ECT

TYPE

C O N TA C T

PRICE

LR LR LR HR LR

604.854.1201 604.746.3496 604.557.1047 604.746.1551 604.850.3694

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

604.456.8883 604.291.9130 libertyhomes.ca 778.331.0348 604.288.7394 604.320.3386 liveatburnabyheights.com 604.899.8800 604.899.8800 604.435.9477 604.435.9477 604.435.8866 604.889.7008 604.431.6033 604.754.7338 604.437.0100 604.294.4995 604.525.8496 604.435.8866 604.298.8800 604.438.1113 604.218.3338 604.294.3339 veniceliving.ca 604.970.9606 604.874.9232

From Mid $200’s Call Coming Soon From $209,900 Coming Soon Call Coming Soon From $349,800 Coming Soon Call From $439,900 From $495,900 From $293,900 Call From $274,900 From $239,900 Call Call From Low $300’s From $249,900 Call From $249,900 From $470,000’s Coming Soon From $259,900 From $299,000

PROJ ECT

Easton Emerson Evergreen Grand Central 2 Grand Central 3 Hazel MTwo MThree Maya Mackin Park Oasis Regan’s Walk Tamarack

ABBOTSFORD

Abacus Uptown Brooklyn Lift Mahogany at Mill Lake Waterleaf BURNABY

Altitude Aviara CentreBlock at Univercity Highland House Kabana Lift Madison Met 1, The Met 2, The Metro One Metro Two Metroplace North Parc OakTerra Oro Panacasa Perspectives Reflections Silver Solo District Station Square Trio Vantage Venice Vibe Wall Centre Central Park

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

604.824.5062 1.800.830.7175

Call From $184,900

Canu

HR HR LR/TH LR LR LR

604.472.1123 604.931.0302 604.939.8808 604.942.8416 ledmac.com/charland 604.939.0018

Call From Low $200’s From $249,900 From $329,900 Call From $208,800

Penthouse (PH)

Real Estate Sales & Marketing From the ground up

Live Work (LW)

City Home (CH)

PRICE

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

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 $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

LR

604.940.5533

From $324,900

LR

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 HR HR

604.377.9630 604.694.1188 604.523.0733 604.525.8980

Call Coming Soon Call Call

NORTH DELTA

Luxor 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

COQUITLAM

1123 Westwood Austin Bloom Celadon House Charland Como

C O N TA C T

LADNER

CHILLIWACK / SARDIS

Garrison Crossing La Cason

TYPE

NEW WESTMINSTER

258 on Sixth Brewery District Carlyle at Victoria Hill Dominion 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 72 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

all tax

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

Duo at Port Royal Elliot St Glass House Lofts Grove, The Northbank Parkside Trapp & Holbrook Viceroy

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

LR HR LR LR HR HR HR LR

PROJ ECT

604.520.9890 From $218,900 604.524.8080 From $224,900 604.520.9890 Call 604.523.0733 Call 604.523.0081 From $266,000 604.523.0733 Call 604.525.0223 From $299,900 604.522.2583 From $321,900

South Verde Valorie on the Park Residences, The

604.552.0552

Call

LR LR LR HR LR 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 $298,800 604.943.8811 Call 604.276.0677 Call 604.244.7721 From $469,900 604.270.8305 From $389,900 604.233.7748 From $290,000’s 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 $300,000’s 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

Aqua Elaho University Heights

Call Call From $134,900

TH/LR TH LR

1.877.344.5566 604.898.2232 1.888.852.7575

From $239,000 Coming Soon Call

SURREY

604.468.2707 604.464.5856 604.435.9477 604.475.5100 604.866.4206 604.468.8252 Penthouse (PH)

Call From $175,000

SQUAMISH / WHISTLER

778.846.3200 604.460.8998 604.460.6601

PORT COQUITLAM

LR LR LR LR LR HR

HR

Alexandra Court Alexandra Gate Altis Bravo Brio 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

Avanti Burleigh Walk Carmandy La Vie Orchid Shaughnessy, The

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, 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 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 604.985.0003 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 MR 604.983.9065 Call Pinnacle Residences at the Pier Prescott, The HR 604.969.3333 From Mid $200’s Regan’s Walk LR 604.492.0222 Coming Soon Remix LR 604.924.4488 Call Seylynn Vilage HR seylynn.ca Coming Soon Shore, The LR 604.980.0016 Call Versatile Building, The LR 604.924.5595 From $299,900 LR HR LR

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 Connect Edge

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

Live Work (LW)

City Home (CH)

High Rise (HR)

Mid Rise (MR)

HR LR LR HR LR LR Low Rise (LR)

Loft (LO)

604.957.3331 Call 604.596.2202 From $170’s tiensher.com Coming Soon 604.580.4199 From $186,900 778.395.1886 From $118,800 778.395.7704 Call

Townhouse (TH)

SEPTEMBER 6 - 20, 2013 METRO VANCOUVER NEW CONDO GUIDE 73

PROJ ECT

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

PROJ ECT

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 Manarola LR 604.825.1038 From $179,900 Incl. GST Monterosso LR 604.596.8828 From $249,900 HR 604.583.9866 250 Homes Under $250 Park Avenue Park Central LR 604.817.5852 From $289,900 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 Wave HR 604.951.9283 Phase 2 Coming Soon 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 From Low $300’s 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 LR MR LR HR MR HR

Live Work (LW)

City Home (CH)

700 West 8th HR 5555 Dunbar LR 6 & Fir HR Academy HR Arbutus Ridge MR Cambie & 7th HR/TH Collection 45 LR Elizabeth LR Granville at 70th HR James MR KITS360 LR Lido HR Maynards Block, The LR MC2 HR Meccanica HR Opsal HR Pinnacle Living Broadway MR Pinnacle Living False Creek MR MR Prelude

Radius Riley, The LR Sail LR Shannon Wall Centre Kerrisdale LR Sixth and Willow HR The Village on False Creek LR Westerly, The MR Yu

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 604.687.2298 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

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 $269,900 604.620.7886 Call 604.688.5527 From $349,900 604.877.1116 From $339,900 604.657.5362 From $347,500 604.261.3936 Coming Soon 604.434.2205 From $399,900 604.436.1100 Call 604.683.0900 From $249,900 604.874.9232 From $299,900 Penthouse (PH)

WEST SIDE

TSAWWASSEN

EAST SIDE

238 W Broadway 2nd & Commercial Block One Bohème Charm Evan Kensington Gardens 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

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 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 $332,900 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 74 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 6 - 20, 2013

@MAC_Marketing

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