BC New Condo Guide - September 5, 2014 by NextHome

Sept 5 - 19, 2014 Volume 04 Issue 18

INSIDE THIS ISSUE

MORTGAGE RENEWAL? SHOP AROUND!

ALL ABOUT THE UBC PROPERTIES TRUST

THE EXCITING NEW OVAL VILLAGE

CHALLENGE YOUR ASSUMPTIONS OF WHERE YOU’LL FIND A VIBRANT LIVEABLE COMMUNITY. This 50 acre master planned community is the result of Aragon’s 1 5 year vision for the Q ueensborough riverfront. Once an industrial centre, Port Royal has been transformed into an exciting mix of homes, waterfront walkways, and family friendly green spaces.

THINKFORWARD ARAGON.CA

105 AVE

156 ST

154 ST

152 ST

104 AVE

Guildford Town Centre

100 AVE

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 3

I LIVE CAMBIE + MARINE CANADA LINE | WESTSIDE LOCATION | VIEWS | ASH PARK

LIVE WESTSIDE FROM

$ 269,900 • Located beside Ash Park, Northwest is the newest community to join the new South Cambie Village • Directly across from the Canada Line Marine Drive Station • Shopping & entertainment steps from your front door • 1-3 bedroom homes showcasing panoramic views

COMING THIS FALL

This is not an offering for sale. Any such offering can only be made by way of disclosure statement. Renderings are artists interpretation only. Prices are subject to change without notice. E.&O.E.

Move in Now

Rent is a four letter word.

Spend less on the condominium you’ve always wanted and enjoy more time being you. Who says you can’t have it all?

Lingo. Something to talk about.

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6 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

Signature Apartments starting from

199

lingoliving.ca

6O4.727.5478

9OO Including Net GST

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 7

TABLE OF CONTENTS

September 5 - 19, 2014 VOLUME 4 ISSUE 18

STATION SQUARE

The bold new Metrotown BY SUSAN M BOYCE

COLUMNS, NEWS & FEATURES

012 EDITOR’S NOTE COLUMNS

022 CONDO SENSE Common sense ways to pay off your mortgage faster

BY CAMERON MCNEILL

028 I N THE NEWS The CMHC’s new survey of Canadian condo owners 040 10 MINUTES WITH... Al Poettcker from the UBC Properties Trust BY SUSAN M BOYCE

044 T AXING ISSUES The tax implications of building equity

BY HENRY CHOO CHONG

050 I NSIDE MORTGAGES When it comes time to renew your mortgage, shop around BY KRIS GRASTY

052 CONDO PRO Upgrade your finishings to add value to your new home BY BARBARA LAWLOR

060 N EIGHBOURHOOD SPOTLIGHT The exciting and new Oval Village in Richmond BY MICHELLE HOPKINS

070 H OME SMARTS How to stage your home to get a better price BY MARNIE BENNETT

076 S TYLE FILE Using natural materials to make your home cozy for the fall season BY VICKI SANDERSON

HOMEBUYERS’ HELP

084 C ONDO MARKET WATCH Condominium homes to keep your eye on BY SUSAN M BOYCE

085 HOMEBUYERS’ RESOURCE SECTION 088 L ISTINGS DIRECTORY

NEW WESTMINSTER’S

BEST VALUE IN THE AWARD-WINNING COMMUNITY, VICTORIA HILL

UNIT 308

FLEX

PRICE

635 sq.ft.

$269,900

2 BEDROOM

945 sq.ft.

$365,900

1209

2 BEDROOM

1,000 sq.ft.

$410,900

1,040 sq.ft.

$413,900

1,680 sq.ft.

$639,900

1,445 sq.ft.

$781,900

2 BEDROOM

TH10 PH5

DEN

3 BEDROOM 2 BEDROOM

DEN

215

1 BEDROOM

540 sq.ft.

$259,900

219

2 BEDROOM

840 sq.ft.

$355,900

985 sq.ft.

$379,900

209

LOW RISE RESIDENCES

1 BEDROOM

SIZE

310

311 HIGH RISE RESIDENCES

TYPE

2 BEDROOM

FLEX

408

2 BEDROOM

900 sq.ft.

$449,900

TH3

3 BEDROOM

1,250 sq.ft.

$575,900

416

3 BEDROOM

1,075 sq.ft.

$594,900

0 0 ,0 D

O PT

U VE SA

• Modern interiors feature custom flat panel wood cabinetry, premium stainless steel appliances, marble countertops, undermount sinks, wide plank laminate flooring, and NuHeat electric floor heating • Be a part of the peaceful Victoria Hill community, with over 40 acres of green space, 120 species of old-growth trees, and a direct connection to Queen’s Park • Stunning panoramic views of the Fraser River • Now under construction

MEMORI

NOW SELLING! VISIT US TODAY.

AL DR

P R E S E N TAT I O N CENTRE

F R A N C I S WAY

ROSS DR

M C B R I D E B LV D

R OYA L AV E E . E . C O L U M B I A ST

295 FRANCIS WAY, NEW WESTMINSTER OPEN DAILY 12-6PM (CLOSED FRIDAYS) VICHILL@ONNI.COM

604.523.0733 | ONNI.COM

*Prices and incentives are subject to change without notice. Developer reserves the right to make changes and modifications to materials, floorplans and specifications without prior notice. E.&.O.E.

A AN

I DIT

LIM

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TIM

Vice-President, Wall2Wall Media

Jacqueline Hill Editor-In-Chief / Director of Content

Susan Legge Director of Sales, National

Josh Heppner Senior Sales Manager, Western Canada

Edwin Rizarri Art Director

Caroline Wassef Editors

Stephanie MacDonald Diane Duflot (on leave)

CONDO PROFILES

Contributing Editors

Lydia McNutt Sara Duck Wayne Karl

Design Editor

THE STATION You have arrived

Yanic Simard

BY SUSAN M BOYCE

Media Consultants

Dave Bird 604.319.7102 Brenda Everitt 604.319.7103

UPTOWN 2 West Coquitlam gets cranked up

Sales Coordinator

Justin Salvador

BY SUSAN M BOYCE

ABACUS The best of all worlds in Abbotsford

Production Manager

Bala Gnanapandithan Graphic Designers

BY SUSAN M BOYCE

Mike Terentiev, Viosa Barileva

Production Co-ordinator

LATIS Living the life in Cloverdale

Mohammad Haidarpour CONTRIBUTING EDITORIAL WRITER

BY JANINE MACKIE

Susan M Boyce

Published By

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

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

ADVERTISING

MAPS

014 Burnaby/New West

054 Abbotsford/Chilliwack

024 Tri-Cities

058 R ichmond

034 Maple Ridge/Pitt Meadows

064 Surrey/Langley

036 North Shore

080 South Surrey/White Rock

046 Vancouver

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

SAL

BEG IN T

HIS FAL L

The North Shore You Love The Lifestyle Youâ€™ve Earned Discover Destiny2, the newest phase at Raven Woods masterplanned community in the heart of the North Shore. Surrounded by nature, yet conveniently close to everyday amenities, these 1, 2, and 3 bedroom homes offer the life you want, for a price you can afford.

From $259,900 Register Today | DestinyLiving.ca This is not an offering for sale. The Developer reserves the right to make changes and modifications to the information contained herein without prior notice. Renderings, maps and photographs are representation only and may not be accurate. E.&.O.E.

EDITOR’S NOTE

WHAT RULES YOUR HOME CHOICE?

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

Condo buyers are often driven by different influences, but there’s no doubt lifestyle is an increasingly important factor. Whether you’re considering a home near the beach, a golf course or a city penthouse or pied-à-terre, you’re likely looking to compensate for what you don’t have in your current residence. The amount of living space is usually the issue – either too much or too little. Most young families are looking for more living space, which is why builders are designing homes with interiors that maximize every square foot of living space to make the most of your money. As we get older, the quest for living space may take a different direction. Downsizing is often the answer, although many homeowners with existing homes in suburban or rural areas are acquiring townhomes or pied-à-terres in the city. An urban location gives owners and their friends a chance to enjoy the social and cultural activities of the city without having to drive for hours to get home. In today’s hectic world, your new home will be your retreat, so it’s important to find is to find a home that suits your needs and lifestyle. In this issue, we profile new communities which offer the perfect place to put up your feet, plus the latest industry news and features about buying and owning a new home. Enjoy!

FIND YOUR PERFECT PLACE TO LIVE AND LEARN

STEPHANIE MACDONALD

EDITOR

Wall2Wall Media Stephanie.MacDonald@wall2wallmedia.com

12 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

If you already own a home, choosing a school for your kids is relatively easy. You go either public or private, and then decide if the closest school is the best or if other factors (such as French Immersion or specialty programs) make it worth the effort to go out of your catchment. But if you’re looking for a new home, picking an area where there are lots of good schools to choose from may be a priority for you. There’s lots of good information about schools in the Lower Mainland both on the various school board websites but also on the Fraser Institute’s annual School Report Card, which can be found at www. fraserinstitute.org/report-cards. These report cards have been controversial in the past due to a distinct bias towards private schools and wealthy areas, however they are now more sensitive to socio-economic discrepencies within the system. If you’re going to university, work at one or just love a vibrant community, there’s nothing better than the fabulous campus lifestyles that can be found at Wesbrook Village in UBC, up at UniverCity or Surrey City Centre at SFU or at the combined new campuses for Digital and Media Arts on Great Northern Way. If you’re interested in learning about the leasehold properties up at UBC, we have a very interesting interview with Al Poettcker from the UBC Properties Trust inside, so keep reading, and happy condo hunting! Schools in! Let us help you find the perfect home where you and yours can live and learn.

Dear Mortgage, I’m taking time off to cook up a new career.

Take time off from your mortgage payment. A flexible mortgage from TD allows you to concentrate on something you’ve always wanted to do. Just add a little extra to your regular payments and then have the option to take a payment vacation for up to four months1. It’s just one of TD’s flexible mortgage features.

Visit a branch or tdcanadatrust.com/paymentvacation

Conditions apply. See us for details. ® The TD logo and other trade-marks are the property of The Toronto-Dominion Bank.

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

BARNET MARINE PARK

GA GL

SQUINT LAKE PARK

WA Y

ROYAL OAK AVE

WILLINGDON AVE

AY IW

A GL GA

LOUGHEED MALL

NELSON AVE

ROYAL OAK AVE

MAR IN

MARIN E WA Y

QUEEN’S PARK

E AV

SOUTHRIDGE DR

E AV

H 0T

BRAID ST

A2 A1

IMPERIAL ST

MAR IN E

R WA

AY NW

E AV L B3 B7 YA RO B8 B1

E ST

DUNCAN ST

E WAY YD BO

B4. VICEROY

608 Belmont St 604.522.2583

E AV

A6. CENTREBLOCK AT UNIVERCITY

BOUNDARY RD

A3. AVIARA

AY TW

A5. BRENTWOOD

A2. RED BRICKS

A4. MODELLO

5021 Kingsway 604.456.0688

theamazingbrentwood.com 604.563.8386

libertyhomes.ca

14 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

220 Slater St 604.520.9890

B7. ELLIOT ST

336 Columbia St 604.524.8080

B8. TRAPP & HOLBROOK 702 Columbia St 604.525.0223

B9. P ARKSIDE AT VICTORIA HILL

295 Francis Way (Royal Ave & McBride) 604.523.0733

A1. STORYBROOK

Griffiths Dr & 14th Ave 604.527.7955

E AV

H 6T

AY W

WA Y

A AD

D ST

N CA

KI N

IMPERIAL ST

7173 Stride Ave 604.528.8906

500 Royal Ave 604.525.8980

B6. GLASS HOUSE E AV

OAKL AN

BURNABY

B3. DOMINION

210 Slater St 604.520.9890

DEER LAKE

DEER LAKE PARK

230 Slater St 604.520.9890

B5. DUO

PATTERSON AVE

B2. FLOW

BURNABY LAKE REGIONAL PARK

GILLEY AVE

BOUNDARY RD

AD AW AY

METROTOWN

1710 Gilmore Avenue 604.291.9130

ITY

AUSTIN AVE

SE MARINE DR

Lougheed Hwy

SPROTT ST

CA N

A7 CENTRAL PARK

E N IV

EYS TON

BROADWAY

49TH AVE

18 Begbie Street 604.523.0081

BURNABY MOUNTAIN GOLF COURSE

BCIT

B1. NORTHBANK

BRENTWOOD MALL

CLIFF AVE

UN IVE RSITY DR

A9 A6 SFU A10

SPERLING AVE

HOLDOM AVE

WILLINGDON AVE

HASTINGS ST

Barnet Hwy

NORTH RD CL

INL ET

CONFEDERATION PARK

BURNABY MOUNTAIN PARK

A7. STATION SQUARE

A9. ALTITUDE

A8. MET2

A10. LIFT

4670 Assemble Way stationsquare.ca 6550 Nelson Ave 604.899.8800

89955 University High Street 604.456.8883 9350 University High Street, 604.320.3386

BURNABY/NEW WESTMINSTER

WESTERN CANADA’S MOST SUCCESSFUL REAL ESTATE DEVELOPMENT

WE ARE METROTOWN With almost 600 homes sold and many of our best homes still available, the numbers are just part of the reason why people start – and end – their search for a new home at Station Square. Smart floor plans, up to 9-foot ceilings, European kitchens and spa-like bathrooms accompany a dazzling view of Metro Vancouver. Five storeys above the street, almost an acre of green space, fitness, wellness and entertainment options await. It’s easy to see why the homes at Station Square are in high demand. Come take a look. 1 Bedroom View Homes from $334,900 2 Bedroom Homes from $485,900

VISIT US TODAY

STATIONSQUARE.CA | 604.438.1113 Presentation Centre: #115 - 4600 Kingsway, Burnaby Open daily 12 pm - 6 pm The developer (Station Square 4670 Assembly Way LP) reserves the right to make changes and modifications to the information contained herein. Promotions, prices and availability are subject to change without notice. Please contact a developer sales representative for details. E. & O. E.

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 15

NEW CONDO GUIDE - OPTION 4 Client: Anthem Properties

COVER STORY

STATION SQUARE SUCCESS! // BY SUSAN M BOYCE

HEAR THAT SOUND? That buzz of enthusiasm and excitement coming from the heart of Metrotown? That’s the sound of almost 600 people celebrating their home buying savvy for being among the first owners at Station Square. And it’s a celebration that’s getting stronger, livelier and more dynamic every day. “We’ve had an incredibly strong summer — almost 100 sales in July and August alone,” says a clearly delighted Greg Zayadi, Anthem Properties’ vice president of sales and marketing. “Those figures speak directly to the depth of demand for quality homes in good Metrotown locations. We’re outselling all three of our immediate competitors combined.”

16 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

And you think that’s impressive, there’s more excitement yet to come. “Tomorrow, four of us are heading to New York City and Toronto to discover some fresh, new ideas that we can incorporate into our final phase of Station Square,” Greg says. “We’ll be looking everything from new architectural trends to innovative materials, colours and appliances. It’s going to be great for us and great for our buyers.” SMART URBANISM With construction well underway on the first two towers and a spectacular, two-storey presentation centre now wowing visitors, it’s already possible to get a hint of the distinct sense of place and meticulous attention to building on a human scale that represent two of Station Square’s 10 core design concepts that put people first. “To create truly great urban design, you have to consider how buildings and people will interact — how we move through a community by bike, by car, or on foot,” Greg explains. “For example, people typically want to relax after work and perhaps catch some rays while they socialize with friends, so commercial spaces like a coffee shop or a restaurant are placed on southwest corners meaning they’re still sunny, inviting and energetic even in the late afternoon.” This community-centric design, he continues, is an integral part of encouraging the social interaction that helps define outstanding urban neighbourhoods. “Ultimately, there will be about an acre of public outdoor spaces where people can gather to experience the social pleasures of city living — places where celebrations and high energy events can occur. Neighbourhoods like Yaletown already offer this dynamic, but Station Square will truly bring it to Metrotown by providing a wide array of ‘pocket parks,’ seating areas, and mini, outdoor living rooms with clusters of street furniture. It’s all designed to SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 17

“To create truly great urban design, you have to consider how buildings and people will interact — how we move through a community by bike, by car or on foot.” GREG ZAYADI

encourage people to linger and connect — just like in any of the great cities of the world.” TRENDSETTING NEIGHBOURHOOD “Station Square is one of the largest residential developments in Canada,” Greg says, adding he knows of only two others that approach the sheer scope of this project which, when complete, will include 1,800 new homes in five towers plus 300,000 square feet of new retail and 150,000 square feet of office space.

It’s also already showing a distinct trend toward becoming a family-oriented, multi-generational neighborhood. “The majority of our buyers are local people who are investing in this location for their family. We’ve got mums and dads, brothers and sisters, great aunts, kids and grandkids all buying here because they want to have their own homes but live in the same building.” Then there’s Station Square’s proximity to… well, to everything. The community’s seamless connectivity with SkyTrain, shopping, services, parks, and schools is part of its inherent sustainability — which is yet another of the guiding principles of great urban design and one that’s definitely creating a long-term environmental benefit. “A surprising number of buyers are opting for a single parking stall simply because they don’t need the hassle or expense of two cars,” Greg explains. “Some are even foregoing a car altogether. After all, when you can step outside your door, hop on the SkyTrain and be in downtown Vancouver in about 15 minutes without having to find and pay for parking, why would you drive?” BE PART OF THE NEW METROTOWN “Station Square is going to be an amazing place to own a home or just hang out, and for us, that’s the real fun of building it,” Greg says. “And just wait till you see what great new innovations our team brings back for the final release.” Station Square is brought to you by Beedie Living in partnership with Anthem Properties and is located at McKay Ave. and Kingsway right next to Metropolis Mall. Presentation centre and display suites are open noon to 6 p.m. every day. Prices start at $280,900 with floorplans ranging from studios to three-bedroom and den homes. For more information, visit stationsquare.ca or call 604.438.1113.

18 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

BURNABY/NEW WESTMINSTER

VIEW OUR 2 BEDROOM TOWNHOME DISPLAY

— FINAL 8 —

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LEARN MORE AT porte.ca/lift 604.320.3386 Pricing subject to change without notice. Sales by disclosure statement only, E&O.E.

Proudly developed by SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 19

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LAST OPPORTUNITY FOR PRE-CONSTRUCTION PRICING

LUXURIOUSLY APPOINTED 1, 2, 3 BEDROOM AND ESTATE LEVEL HOMES KIN

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AVE

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ModelloByBoffo.ca 604.456.0688 Modello Presentation Centre #118 – 5021 Kingsway Located on Marlborough, one block West of Royal Oak – across from London Drugs on Kingsway

OPEN DAILY 12 – 5PM (CLOSED FRIDAYS)

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// BY CAMERON MCNEILL

GOING... GOING... GONE!

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

hopping for a new home is a big investment both in time and money. As homebuyers, we know we need to spend time researching different locations, comparing quality and features, assessing various neighbourhoods — all to ensure we are getting good value for our money. But don’t forget to also do your research to get the “best value” out of your mortgage. As the BMO Bank of Montreal eloquently states in their home financing brochure: “There is more to a mortgage than an interest rate.”

Pay down your mortgage faster

You can knock years off your mortgage and save thousands of dollars in interest costs with the right payment structure. But becoming mortgage-free as soon as possible will require some planning and strategy: ›› Increase the frequency of your payments from monthly to bi-weekly or weekly. The more frequent your payments, the faster you’ll pay down your mortgage. ›› Reduce your amortization period by 5 or 10 years. Your monthly payments will be higher but you will have saved a large amount in interest costs by the end of your mortgage. ›› Take advantage of your bank’s option to increase your mortgage payment either monthly or as an annual lump sum. You’ll want to speak to your bank about your options. Most banks offer additional features if you choose to pay down your mortgage faster such as a building up a “Mortgage Cash Account” at BMO where you can re-borrow

22 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

Total Interest Paid For Different Amortization Periods Based On a $250,000 Mortgage at a 5% Interest Rate on a 5-year Fixed Term $285,292 $229,818 $177,287 $127,926

30 YEARS

25 YEARS

20 YEARS

15 YEARS

prepaid funds at any time starting from $2,500 without charge. This allows for flexibility, as your financial needs change over the years or in case of an emergency. Be sure to get pre-approved before you begin your home search. Your local bank can hold a pre-approved interest rate for you up to 3 months. However, when looking to purchase a pre-sale home (which likely will take more than 3 months to complete), speak with the sales team at any presentation center and they will be able to provide you with a broker such as a TD Mobile Mortgage Specialist who can hold interest rates up to 24 or 36 months. Having a solid understanding of what you can afford and how you can pay your mortgage down faster will ease and guide your home search. BMO Mortgage Development Manager, April Jang-Lee, advises “Plan early and be realistic. Remember that the first home you buy will likely not be the only or last home you purchase.” At the end of the day, plan for your mortgage just as much as you plan to find your dream home. It’s a hand-inhand process where your mortgage broker, Realtor, and sales representative work together to assist you along the exciting journey of home ownership.

LV D KW AY B

UB TEA PLA

COAST MERIDIAN RD

RIDGE PARK

ET R

WA Y

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LVD

COQUITLAM | PORT COQUITLAM | PORT MOODY | PITT MEADOWS

LA NS BL VD DOW

Barnet Hwy

ST JOHNS ST

VICTORIA DR

COQUITLAM CENTRE

LINCOLN AVE

DEWDNEY TRUN K RD PRAIRIE AVE MA

DAW ES

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H IL LR

heed

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SW AY AV E

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COQUITLAM Sales Centre #408 - 552 Clark Rd. Burquitlam Plaza 604.492.0222

A2. CHARLAND

102 - 1020 Austin Ave. 604.492.3388

A3. UPTOWN

bosaproperties.com 604.939.2677

DEWDNEY TRUNK RD

A4. BLUETREE HOMES AT MACKIN PARK

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

A5. NOVELLA

Berslay Ave. 604.563.5777

A6. T HE WINDSOR 3096 Windsor Gate 604.871.4470

24 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

HARRIS RD

HAMMOND RD PITT MEADOWS AIRPORT

A1. REGAN'S WALK

123RD AVE

PORT COQUITLAM

PORT MOODY

B1. ORCHID

C1. THE STATION GOLDEN EARS

2455 Wilson Ave. 604.866.4206

B2. ALTURA

2345 Welcher Street 604.552.5887

B3. PRIMA

#110 - 2255 Wilson Ave 604.945.3999

B4. FREMONT GREEN

Fremont Connector www.mosiachomes.com/fremont-green

2708 St Johns StBRIDGE St Johns & Moody St 604.492.3338

207TH ST

VE TE A

ghe

AU G

Lou

B3 B1

Loug

AUSTIN AVE

A2 NE BRU

MARI NE R WAY

MUNDY PARK

MUNDY ST

AUSTIN AVE

LINTON ST

SMITH AVE

COMO LAKE PARK

GATENSBURY ST

A1 A5

COMO LAKE AVE

OTTAWA ST

BLUE MOUNTAIN ST

NORTH RD

210TH ST

PIONEER MEMORIAL PARK

203RD ST

INLET PARK

TA IN

S BONSON RD

ROCKY POINT PARK

R TO IC

HARRIS RD

w H

SHORELINE PARK

DAV ID A VE

TOWN CENTRE PARK

CEDAR DR

COAST MERIDIAN RD

R IT AG E

JOHNSON ST

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PI N

DAVID AVE IOC

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COQUITLAM/PORT COQUITLAM/PORT MOODY

Y, A R DH U T T ! A S 20 S . EN EPT P O S

above & beyond Introducing The Windsor, the newest

residences at Polygonâ€™s exclusive Windsor Gate community in Coquitlam Town Centre. A collection of two-bedroom concrete highrise homes with views of the surrounding mountains and neighbouring Glen Park, The Windsor rises dramatically from the tree-lined streetscapes below while still being conveniently close to SkyTrain, Coquitlam Centre and lively cultural venues.

This is currently not an offering for sale. Any such offering may only be made with a disclosure statement. E.& O.E.

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 25

IT’S NOT TOO LATE TO... DISCOVER BC’s BUILDERS, DEVELOPERS AND COMMUNITIES - ONE STORY AT A TIME

om BuildersAnnual.c

4 1 0 2 ELO R & DEV E D L I U B

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UT KNOW ABO U NEED TO YO G IN H EVERYT

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ts: Insider Insighfrom ce vi ad Buying those in the know r’s Metro VancouveENDS TR G N SI U HO

2014-04-07

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MORE LIVING. LESS MOWING.

Regan’s Walk offers you everything you love but none of the things you don’t:

NORTH RD

E LAKE AV REGAN AVE

BURQUITLAM STATION

CL A RK E

• Easy ownership means more time to read than weed • Centrally located within a thriving, walkable community steps from SkyTrain • Spacious 1 bed -- 3 bed + den homes from 580 -- 1102 sq.ft. • Enhanced outdoor living with private yards • Construction underway, move-in Spring 2015

COMO

SALES CENTRE

SMITH AVE

COTTONWOOD AVE

Over 70% of homes are sold, so hurry in and choose your home today. SALES CENTRE + DISPLAY HOME Burquitlam Plaza, 408 – 552 Clarke Rd., Coquitlam. Open Daily Noon – 5pm (except Fridays)

604.492.0222 REGANSWALK.CA

Marcon Regan Homes Ltd.

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 27

IN THE NEWS

83% of condo owners in Vancouver and Toronto call their suites

“HOME SWEET HOME”

AS YOU MAY HAVE NOTICED, CONDOMINIUMS ARE PLAYING

an increasingly important role in Canada’s housing landscape. As land in urban areas becomes more of a rarity, developers and homebuyers are looking to the sky for a place to call “home.” But, have you considered how many of the condo owners in your building actually live in their units, versus rent them out to tenants?

The survey revealed that the majority of condo owners actually live in their property versus owning it for investment purposes If you’re in the market for a condominium, it’s an important factor to consider but one that is often overlooked. Answering this question in Canada’s two largest condominium markets, Toronto and Vancouver, Canada Mortgage and Housing Corp. (CMHC) recently released its 2013 Condominium Owners Survey, revealing that the majority of condo owners surveyed actually live in their 28 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

property versus owning it for investment purposes, at 82.9 per cent versus 17.1 per cent, respectively. The survey found that about half of the surveyed condominium investors in Toronto and Vancouver are renting out their last purchased unit. CMHC’s survey also found that of the surveyed condominium investors in Toronto and Vancouver: » 58.4 per cent of investment condo owners expect to keep their last purchased unit for more than five years; » 17.9 per cent for two to five years; » 7.6 per cent for less than two years; » 16.1 per cent did not know or answer; » 11.9 per cent of investment condo owners surveyed said they bought their last secondary condominium unit with the intention of reselling it for a profit within a year of purchase. Another interesting tidbit about condo owners who bought for investment purposes: At the time of the survey, 42.1 per cent of the Toronto and Vancouver households that were surveyed had no mortgage on their last purchased condominium unit. About the survey:

A total of 42,426 households, which owned their primary residence in the Census Metropolitan Areas (CMAs) of Toronto and Vancouver, were surveyed in August and September of 2013. A subset of these condominium owners who own a secondary condominium unit are defined as condominium investors. Their primary dwelling can be either a condominium or a freehold unit. The 2013 Condominium Owners Survey gathered data to report on the extent of the activity of this subset of domestic condominium investor households in these two CMAs. This definition excludes households that own only one condominium unit in which they reside, as well as households that own a secondary unit but rent their primary unit. The survey did not cover Canadian households that own condominium units in Toronto or Vancouver but do not reside in these CMAs. Foreign investors, and corporate investors are also not covered by the survey.

COQUITLAM/PORT COQUITLAM/PORT MOODY

Occupancy 2015

Orchid Riverside Condos from

PRESENTATION CENTRE: Open Daily Noon - 6 PM (except Fridays) Traboulay PoCo Trail tlam

i Coqu

River

Orchid Presentation Centre

Gates Park

$188,900

Orchid’s carefully crafted layouts showcase urban contemporary design inside and out with everything you love at your doorstep. You’re only steps from the river, adjacent to the Traboulay PoCo Trail and a 5-minute walk from the West Coast Express. On-site amenities include 3 fitness rooms, a yoga studio, sauna, theatre room, pet washing room and a bicycle workshop... to name just a few.

2455 Wilson Avenue, Port Coquitlam WE ACCEPT DEPOSITS PAID BY: Cheque • Credit Card • Bitcoin Quantum Properties, a British Columbia company, has been developing properties and constructing multi-family residential and commercial buildings since 2000. The Quantum Properties Group of Companies includes Quantum Realty and Quantum Properties Construction. Marketed by Quantum Realty Inc. and Trevor Street PREC, Keller Williams Elite Realty. 778.846.9096. Managed by the Quantum Properties Group of Companies. This is not an offering for sale. Any such offering may only be made by disclosure statement. E. & O. E.

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 29

CONDO PROFILE

THE STATION

You have arrived // BY SUSAN M BOYCE

resh, contemporary and complemented with a unique sense of character, only a few opportunities remain to own a brand new home at The Station in Port Moody. Best of all, every one of these condominium and city-homes is available for immediate move in — meaning you can be comfortably settled in and cozy for the crisp fall days. “The Station is evolving into a super-friendly, welcoming community,” says Ameet Johal, director of marketing and sales. “We already have an extremely diverse group of home owners — from 20-something first time buyers right up to people in their 80s. And we still have a great selection of one- and two-bedroom condos as well as courtyard homes available.”

“ W E ALWAYS AIM TO INCLUDE DESIGNFORWARD FEATURES YOU DON’T FIND ANYWHERE ELSE.” AMEET JOHAL Interiors that Shine Like you’d expect from Aragon, finishings are unabashedly sophisticated — quartz counters, hardwood flooring, and GE Café stainless steel appliances including a six-burner gas range, warming tray, and convection oven sure to inspire your inner culinary creativity. “We always aim to include design-forward features you don’t find anywhere else,” Ameet says. 30 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

One buyer who’d been searching for over a year says he fell in love instantly. “I saw my place for the first time on a Sunday, and by Tuesday, all the papers were signed. Sure I don’t have a six-person dining table yet, but I will. And a full-sized couch too. I can even fit a king bed plus end tables in the master bedroom.” Environmentally Savvy Too Looking for another cool bonus— literally? How about geothermal heating and air-cooling? “It’s a huge energy saver — most studies say it’s about a third the cost of traditional systems,” Ameet notes. “People tend to immediately think about the savings on winter heating bills, but you should see their faces on a scorching day when they walk into the display homes and feel the coolness. It’s no secret our summers are getting warmer, so it’s great to know you don’t need an ugly, energy-guzzling air conditioner just to stay comfortable in your home.” Plus there’s The Station’s proximity to everything. “You’re steps to the boutiques and restaurants of downtown Port Moody, the Evergreen Line will be just behind the building, and it’s just a couple of blocks to the West Coast Express station,” explains Ameet. “Even if you still want to have a car, the Barnet Highway is a beautiful drive and only 20 minutes to Vancouver.” The Station’s presentation centre and display homes are open noon to 5 p.m. daily except Fridays at 2732 St. John St. in downtown Port Moody. Prices start at $257,900 for a one-bedroom condominium or from $389,900 for a two-level city-home. Just five per cent down to own your own home. For more information visit aragon.ca or call 604.492.3338.

OUR HOMES ARE COOL. GEOTHERMAL COOL. DESIGNFORWARD ARAGON.CA THE STATION

#ARAGONFORWARD

*Prices and availability subject to change or be withdrawn without notice and do not include taxes. E&O.E.

Our collection of 1-2 bedroom condos and modern townhomes are equipped with a geothermal heating and cooling system that keeps you cool in the summer and warm in the winter. These design inspired, move-in ready homes are within walking distance to the new Evergreen Line and the heart of Historic Port Moody. Starting in mid $200â€™s. Call or visit: 2708 St. Johns Street, Port Moody, 604.492.3338

CONDO PROFILE

“ PEOPLE LOVE THE WEST COQUITLAM NEIGHBOURHOOD LOCATION BECAUSE IT’S SO EASY TO GET EVERYWHERE YET IT’S SO QUIET.” WENDA TSENG

UPTOWN 2

West Coquitlam gets cranked up // BY SUSAN M BOYCE

ho says a good thing can’t get better? Clearly not the folks at Bosa Properties. Hot on the heels of the overwhelming success of the inaugural tower at Uptown, this fall will see the much anticipated Uptown 2 commence sales. And like its sister residence, interest is already running high in this elegantly appointed 29-storey highrise. “People love the West Coquitlam neighbourhood location because it’s so easy to get everywhere yet it’s so quiet,” says sales manager Wenda Tseng. No kidding. When complete, homeowners will be barely a block from the new Burquitlam SkyTrain Station on the Evergreen Line, walking distance to Lougheed Town Centre, and a short, easy drive or bus ride to three higher education facilities: SFU, Douglas College, and BCIT. Kay and Young, who are downsizing from their Point Grey house, couldn’t agree more. “I like the idea of being so close to rapid transit and having easy access to places like the North Shore or Buntzen Lake for hiking,” Young says. “And Kay loves to cook, so having a brand new grocery store right in the building and two large Korean supermarkets just down the road at Lougheed and North Road will be a dream come true for her… that and having a gas range at home again.”

32 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

Get Fit While the surrounding outdoor recreation opportunities might seem endless, when you’d prefer to work up a sweat at home, Uptown 2 is still ready to accommodate. “Right on site will be a 2,315-square-foot Wellness Pavilion with yoga studio and fully equipped gym,” Wenda explains. “And after a workout, Uptown 2’s infrared sauna or steam room give you two more choices for relaxing.” Invest in Yourself Naturally, at Uptown 2 you’ll get all the luxurious features you’ve come to expect from Bosa Properties: marble backsplashes, integrated cabinetry, custom closet organizers, and Europeanstyle appliances “But thanks to Bosa’s long history of expertise, these homes are affordable too,” Wenda says. “It’s the perfect blend of beauty and practicality.” And here’s yet another bonus. “Studies show that homes built near a SkyTrain typically have higher resale value than homes in other locations,” Wenda says. “It’s just another reason why so many of our purchasers are buying a home they’re actually going to live in.” Previews for Uptown 2 begin this fall. Be sure to register today for priority access. For more information and to register, visit bosaproperties.com or call 604.939.2677.

CEDAR DR

VICTORIA DR

DOMINION AVE

224TH ST

DEWDNEY TRUNK RD

210TH ST

DEWDNEY TRUNK RD

216TH ST

y M EADOW GARDENS

124TH AVE

232RD ST

228TH ST

DEWDNEY TRUNK RD

227TH ST

224TH ST

123RD AVE 203RD ST

DEWDNEY TRUNK RD

HAMMOND RD

240TH ST

PITT M EADOWS

S BONSON RD

207TH ST

AIRPORT

R IVE

R RD

116TH

248TH ST

FORD RD

HARRIS RD

GOLF COURSE

HARRIS RD

AVE

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

A KA KAN

WAY

110TH AVE 108TH AVE GOLDEN EARS BRIDGE

104TH AVE

102TH AVE

MAPLE RIDGE 1. SIGNATURE AT FALCON CENTRE 11862 226th Street 604.477.1500

2. REFLECTIONS ON THE RIVER

22327 River Road www.reflectionsliving.com

3. RIVERS EDGE 11580 223 St. 604.318.5254

34 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

Aug.17 2012

7.625”x1.625”

Ledingham McAllister

CMYK

JAC KS O

ghe

Lou

DR MACLU RE

240TH ST

OTTAWA ST

PITT MEADOWS | MAPLE RIDGE

PITT MEADOWS/MAPLE RIDGE

NOWLING! SEL

Fraser River in Maple Ridge. Features include over-sized windows bringing the outdoors in, spacious kitchens with gas ranges and folding accordion doors leading to oversized south facing terraces perfect for entertaining. DEWDNEY TRUNK RD

VANCOUVER

RIV

ER R

7 FR

604.467.0692

SIO

MIS

ONE, TWO AND THREE BEDROOM HOMES UP TO 1,530 SQ FT IN A BOUTIQUE WATERSIDE COMMUNITY

DOWNTOWN MAPLE RIDGE

LOUGHEED HIGHWAY

223

Noon - 5pm 22327 River Road Maple Ridge, BC

222 ST

OPEN DAILY

reflectionsliving.com

W ! NOLING L SE AT FALCON CENTRE

LUXURY WITHIN REACH

AT FALCON CENTRE

LOUGHEED HIGHWAY VANCOUVER

RIV

7 N

ER R

604.477.1500

PRESENTATION CENTRE

SIO

Open Daily noon - 5pm 101-11882 226th Street Maple Ridge, BC

DOWNTOWN MAPLE RIDGE

MIS

Buy Early for the opportunity to Customize

PRESENTATION CENTRE

226 ST

TWO BEDROOM PLUS DEN CONDO'S UP TO 1540 sq. ft.

DEWDNEY TRUNK RD

222 ST

Signature at Falcon Centre is a truly exceptional collection of condominiums with a classic red brick exterior in the heart of downtown Maple Ridge. Over-sized windows, expansive living space,HOME, and landscaped YOUR YOUR gardens WAY make the most of the areaâ€™s beautiful surroundings. Customization available for a limited time. Register today to learn more!

signaturefalconcentre.com

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 35

RO SS RD

Sky H

R VE GO TR

Sea To

EN D

NORTH SHORE | SQUAMISH | WHISTLER DEPOT RD

DR ORO

UG H

LONSDALE AVE

DR E NS

CHEAKAMUS WAY

1a MARINE DR

A10

BOULEVARD

BA I LD

MARINE DR

Y WA W AY

E YR

S ND LA GH

VE R GO

E NT

LOGGERS LN

QU E E NS WAY

RAVEN DR

A3. L ODEN GREEN

A9. T HE SHORE

Sale Centre 21 Lonsdale Ave 604.638.6240

A5. 1 5 WEST

CH E

SQUAMISH

B UC KLEY

R UD TEA PLA

AVE

DA VE DA VE

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

VAL LEY

KEITH RD E

A8. T HE ANCHOR

A4. O RIZON ON THIRD

MT SEYMOUR PKY

A2. REMIX

2135 Heritage Park Lane 604.988.0022

ROBIN DR

A7. CENTERVIEW

#103 - 735 West 15th St 604.924.4488

FINCH DR

LYNN CANYON PARK

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

BRENNAN PA R K

rton

Dolla

NORTH SHORE

CENTENNIAL WAY

MAGEE ST

N LY

EY LL VA

E L R D MAI N LEVE ST LOW

STANLEY PARK H

KEITH RD W SEABUS

MAMQUAM RD

Mountain Hwy

TH B

MATHERS AVE

DEMPSAY RD

SD AL EA VE

LIGHTHOUSE PARK

DALE R D

LO N

INE

CH IPPE N

CAPILANO RIVER REGIONAL PARK

PERTH DR

MAR

STE V

L OW

SOU

R CYP

B ESS

TANTALUS RD

CYPRESS FALLS PARK

15TH ST

NELSON CANYON PARK

LYNN HEADWATERS REGIONAL PARK

21ST ST

CYPRESS

25TH ST

RUN

CYPRESS BOWL RD

EAG LE

NORTH SHORE

36 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

Y DR 5th just off Lonsdale 1 604.980.9949

A6. C ANYON SPRINGS 2517 Mountain Hwy 604.973.0298

1308 Lonsdale Ave 604.988.8540 131 E 3rd St 604.988.8800

Presentation Centre 238 Fell Ave 604.980.0016

A10. HEYWOOD ON THE PARK 1621 Hamilton Ave 604.985.0003

A11. MILL HOUSE

3205 Mountain Hwy www.marcon.ca/millhouse

A12. DESTINY 2

590 Raven Woods Dr 604.929.1915

Hwy

NORTH SHORE/SQUAMISH/WHISTLER

This place has gone to the dogs. (and their humans) Set alongside Hastings Creek, paths and trails lead from Mill House into the natural surroundings of the North Shore... or toward your choice of local spots to satisfy your urban desires where both you and your four-legged friends are welcome. With a Walkscore of 93, Mill House isn’t just a walker’s paradise. It’s paradise found.

1, 2 & 3-bedroom apartment homes.

Nicely appointed 1-3 bedroom homes with parking and storage.

A Natural Selection

marcon.ca/millhouse

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

Marcon Lynn Valley Homes Ltd.

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 37

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 Published by

NORTH SHORE/SQUAMISH/WHISTLER

WHY RENT?

When you could own brand new

HEYWOODLIVING.CA 604.985.0003

W 17TH ST MARINE DR

W 15TH ST

1 BEDROOMS STARTING FROM $288,900

MACK AY

AV E

HEY W PAROOD HA K MIL TO NA VE

Luxury 1–3 bedroom condos, bordering on 39.5 acres of protected parkland with no direct neighbours, in North Vancouver.

N TO IL M A H

TOBRUCK ST

16TH ST W E AV

MA RIN E

VISIT OUR SALES CENTRE 1621 HAMILTON AVE, NORTH VANCOUVER OPEN HOURS 12–5PM DAILY (CLOSED FRIDAYS)

Prices correct at press time and are subject to change without notice. E.&O.E. Marcon PC Urban Homes Ltd.

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 39

Q&A

10 minutes with…

AL POETTCKER

OF THE UBC PROPERTIES TRUST THROUGHOUT HISTORY IT’S BECOME CLEAR THAT LIFE ON A UNIVERSITY

campus has an allure like no other. There’s a vibe, an enthusiasm for life that transcends time, geography and age. Case in point, the University of British Columbia (UBC). Almost 3,000 households already call the campus home, a number anticipated to double by the time the new Wesbrook neighbourhood is complete. These homes are showcases of sustainable design and contemporary, West Coast style. They’re also leasehold properties, and for some, that’s unknown territory they hesitate to venture into. This issue, Al Poettcker, president and CEO of UBC Properties Trust, helps New Condo Guide readers understand the difference between fact and fiction, and why a UBC leasehold home makes solid economic, social and environmental sense. Q Many people aren’t aware provincial law prohibits UBC from selling freehold properties, but what exactly is someone buying when they purchase a leasehold property? Is it really a tangible asset? A Absolutely. Leasehold properties are registered at the Land Titles Registry just like any other home. You can buy them, sell them, even will them to someone. So you have all the same rights as a freehold property owner for the length of the lease — which at UBC is 99 years. 40 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

developer, and have, on average, over 90 years left. So as a homeowner, you have complete certainty there will be no further lease payments for the balance of the term. Q Pure math indicates most UBC lease won’t expire until well into the first decade of the 22nd Century. But what does happen at the end of 99 years? A At the end of the lease, the

Q How do prices compare to a conventional home purchase? A Like freehold, prices are driven by what the market dictates. At UBC, prices are

similar to any other condominium on the Westside. And, of course, homeowners will still pay City of Vancouver property taxes and strata maintenance fees. The main difference is that at UBC you’re buying into a ‘complete community.’ When a developer purchases the ground lease in order to undertake a development, part of the proceeds is used for streets, infrastructure, and amenities like parks and community centres. A significant benefit is that homeowners will not be dependent upon any government for these amenities and infrastructure. In addition, a portion of property taxes are automatically set aside and administered by the University Neighbourhoods Association to provide reserves for the inevitable replacement and upgrading of this infrastructure in the future. Q But what if a developer doesn’t complete their building? A We’ve negotiated more than 50 leases with developers, and every one of these

developments has either been built or is under construction. In the unlikely event of a problem, however, homeowners would have the same rights as they would at any freehold development. Q It’s tough to discuss leasehold without addressing the widely publicized Musqueam lands in south Vancouver several years ago where people were forced to sell their leasehold homes at devastating losses. Could this happen again at UBC? A UBC is quite different. Leases here are fully prepaid by the developer, and there

university can do one of two things — negotiate an extension of the lease or pay the leaseholder fair market value for improvements to the property. The key point, though, is that over the next eight or nine decades, the number of people who want to live and work on campus will continue increasing. The university has a vested interest to ensure people are making a sound investment when they buy a home here and to do everything possible to retain this area as a vibrant, dynamic place to live.

Q Any final words? A An important objective for the

are no rent reviews during the term of the lease. Wherever you have rent reviews during the course of a lease, there will be uncertainty — and risk — both for the lessor and the lessee. The Musqueum leases are on reserve land and were prepared by the federal government. They did not have pre-payment options and were subject to a rent review after 30 years. The original lease rates were so nominal, the potential affect of future rent reviews was probably not fully reflected in the resale prices. The problem came in year 30 when lease rates were allowed to be set to market value — meaning in some cases rents suddenly increased to $10,000 or more per annum. Another example is False Creek, where some leases have a 60-year term with a rent review in the 30th. While that rent review period has passed, the issue now facing owners or potential buyers is the diminishing amount of time that remains on the lease. That affects things like what kind of renovations you might choose to do — or not. In contrast, UBC leases are for a 99-year term, are prepaid in full by the

university is to prepare students for their future careers. Since careers are continually changing, universities will adapt and change too. I believe people of all ages will always enjoy living on a university campus because it’s a wonderful, healthy lifestyle where you’re surrounded by young people who are full of enthusiasm and talent. You just can’t help feeling invigorated. For more information about UBC Properties Trust, visit ubcproperties. com where you’ll also find links to all residential communities currently under construction on campus.

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 41

NORTH SHORE/SQUAMISH/WHISTLER

42 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

NORTH SHORE/SQUAMISH/WHISTLER

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 45

TAXING ISSUES

// BY HENRY CHOO CHONG

BUILDING EQUITY long-term commitment and investment. Today’s historically low interest rates make purchasing a home extremely appealing – particularly if your rent paid is greater than $1,000 per month. Why should you pay someone else’s mortgage? Consider the following:

Henry Choo Chong is a certified general accountant. He sits on many committees and provides accounting and tax services to individuals and businesses. Questions to Taxing Issues can be emailed to choochonghcga@yahoo.ca

The opinions and views expressed herein are those of the author and not those of New Condo Guide. New Condo Guide does not necessarily endorse or encourage any specific tax strategies. Please consult a tax professional for advice specific to your particular situation.

Currently, my wife and I are renting. However, we would like to buy a home and build some equity. Can you offer some advice for a young, upwardly mobile couple? Geoffrey and Diane, Toronto

There are many investment vehicles that can give you healthy returns. You do not necessarily have to buy a home to increase your wealth. However, a home is one of the only tax-free investments still available to the middle class. Buying a home is a

» Determine what you can afford and stick to that price. All too often, buyers tour several homes and the only one they desire happens to be thousands of dollars over their budget. Remember, keep your head out of the clouds. Commit to a mortgage, not a stress asylum. » Shop and negotiate with several financial institutions for the best interest rate, terms and conditions. You may be surprised at how competitive the banks are for your mortgage business. Shopping for a mortgage can be as easy as a few clicks of your mouse. » Set a formal plan to help save for a first home. Sit down, plan the steps necessary to achieve your goals, and follow through! » Improve/maintain your credit rating by paying all your bills on time. One-day-late payments are still considered late. This could influence your negotiating power for the best mortgage. » Make sure current monthly mortgage payments are manageable and will continue to be so even when interest rates rise in the next several years and payments increase. » Put down as much as possible to avoid taking out a high-ratio mortgage that incurs additional cost and interest. A five-per-cent down payment on a home leaves little equity. » Set aside an additional three per cent of the purchase price of the house for closing costs such as Land Transfer Tax, legal fees and disbursements, moving costs and other incidentals. Speak to your lawyer who will be able to give you the heads up on what to expect. » Take advantage of the first-time Home Buyers Plan (HBP) to use your Registered Retirement Savings Plan (RRSP) as part of the down payment. An individual and spouse, provided they qualify, may withdraw up to $25,000 each from their RRSP, tax-free, for a total of up to $50,000 toward your home and other purchase-related costs. If you have never used the HBP, contribute your savings for the home into your RRSPs and take advantage of the tax deduction. Then, use these savings for a down payment. You will have 15 years to repay the amounts to your RRSP, starting after the second year of your withdrawal. Continue to follow the real estate market trends and buy when you are ready, not when the market is ready for you.

44 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

NORTH SHORE/SQUAMISH/WHISTLER

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 43

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

E 1ST AVE

5 E BROADWAY

E BROADWAY

MAIN ST

E 12TH AVE

SW AY

E KING EDWARD AVE

QUEEN ELIZABETH PARK

E 33RD AVE

E 29TH AVE

W 41ST AVE

E 41ST AVE

W 49TH AVE

W 57TH AVE

20 W 70TH AVE

R MA

E 49TH AVE

SE MARIN E

1. CAMBRIA

6. TATE DOWNTOWN

11. KEEFER BLOCK

16. OXFORD

2. LIDO

7. SAIL

12. BOULEVARD PRIVATE RESIDENCES

17. MARQUEE ON THE DRIVE

13. FRAMEWORK

18. SKYWAY

14. ADDITION

19. CITTI

15. JADE

20. N ORTH WEST

Cambie & 50th 604-325-2216 1650 Quebec St. Presentation Centre 830 Hastings St 604.872.2672

3. WALL CENTRE CENTRAL PARK

Boundry Road & Kingsway 604.874.9232

4. MODERN

1001 Harwood St 604.879.2010

5. MIDTOWN

589 E Broadway Broadway & Caroline 604.563.3330

1265 Howe St 604.568.8283

108 - 3479 Westbrook 604.221.8878

8. RADIUS

4th Ave. & Fir 604.731.5522

9. TOWER GREEN AT WEST 195 W. 2nd Street 604.707.9378

10. FOCAL

209 East 7th (Main & 7th) Presentation Centre: 329 E Broadway 604.563.6777

46 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

Keefer St & Main St 604.682.8813

6493 West Boulevard 604.685.5778

Pender & Main Street 604.620.6223 Hornby & Helmken 604.620.6692 5965 Fraser St 604-338-5233

2137 E Hastings 604.779.0091

2250 Commercial St 604.559.2011 2699 Kingsway 604.808.6038

238 W Broadway 604.880.6880 8175 Cambie St. onni.ca

BOUNDARY RD

RIN

AVE

VICTORIA DR

W BROADWAY

MAIN ST

DUNBAR ST

L AL

W KING EDWARD AVE

PACIFIC SPIRIT PARK

INAL

W 12TH AVE CAMBIE ST

W 16TH AVE

W 6TH AVE

OAK ST

OO 6T

W BROADWAY

OAK ST

W 10TH AVE

VE HA

9 BURRARD ST

ALMA ST

W 4TH AVE

TE R M

CORNWALL AVE

KNIGHT ST

REY RD

VENABLES ST

6 POINT G

JERICHO BEACH PARK

LVD

BR ST WE

UBC

E DR

LLOR B

GRANVILLE ST

NCE

ARBUTUS ST

CHA

MCDONALD ST

AR IN

E HASTINGS ST

RENFREW ST

NW M

COMMERCIAL DR

BURRARD INLET

IN FALSE CREEK

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This is not an offering for sale. Offerings will be made upon filing of the disclosure statement. The developer reserves the right to make modifications to project design materials and specifications. E.&O.E

VANCOUVER

THE CENTRE OF THE CITY JUST SHIFTED CRAFTED LIVI N G CO M I N G SO O N

I N D E PE N D E NTatMAIN.C OM The Developer reserves the right to make changes and modifications to the information contained herein without prior notice. This is not an offering for sale, any such offering may only be made by way of a Disclosure Statement. E&OE.

48 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

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496

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2607

1 BEDROOM + F

501

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715

1 BEDROOM + F + EB

578

$302,900

3202

1 BEDROOM + EB

579

$345,900

614

2 BEDROOM

D13

659

$355,900

3109

2 BEDROOM

743

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1101

2 BEDROOM + F

802

$452,900

PH2

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524

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INSIDE MORTGAGES

MORTGAGE RENEWAL:

// BY KRIS GRASTY

Why you should be shopping again!

client who in January this year had renewed their mortgage with their lender into a five year fixed product. By the summer, the client was contemplating selling to purchase a new home, yet their new fixed term has exposed them to a penalty of over $11,000! This may change their plans altogether. Had they consulted with me in January, I would have likely recommended a shorter term, open or variable product which would have been more in line with their plans and had far less drastic repercussions. The renewal letter or the call from your lender is missing the most important pieces; advice from a licensed professional and advice on how to pick the product that fits your goals or plans. Lenders often send the renewal letters out within a month or two of your renewal date adding to the stress and time pressure that persuades folks to sign. Kris Grasty is a mortgage broker with Dominion Lending Centre’s Canadian Mortgage Experts You have been a loyal customer to this lender and expect that the rates on your and an active member of the MBABC. renewal letter are the best rates, but the fact is the renewal rates you see on that Kris maintains a strong focus on educating clients on all options. For more information sheet are usually far higher than you would otherwise be offered as a new client or visit his website at www.krisgrasty.ca with a variety of other lenders. The banks know that 60% of existing clients simply or reach him at kris@cmexp.com. renew and that they don’t have to work as hard to keep your business. So why add pure profit for a lender that is not treating you as they would a new client? Colleagues and I have seen renewal rates ranging from 3.49% to 4.79% on a 5 ike many homeowners, upon your year term when the going rates of the day are between 2.89% and 3.04%. Let the mortgage renewal, you may be math do the talking; 5 years ago, if you took out a $300,000 mortgage for 25 years at tempted to take the easy route and 5.50%, today your balance would be $267,562.12. The bank’s renewal rate offer to simply sign the mortgage renewal letter you is 3.49% and it looks like a great deal compared to what you had. that you received in the mail. It is clear by the numbers above that you can save thousands in monthly Too many Canadians, 60 per cent payments, pay thousands less interest and can be further ahead in paying your in fact, simply sign a piece of paper and mortgage down. renew with their current lender without Call a Mortgage Broker at least four months early. A good broker will first ask taking much time to consider their options. you what your plans are and then let you know what information you need to start This is crazy to me seeing as most of putting together. Starting early will get you organized and alleviate any perceived us will drive an extra couple blocks stress you may have. Don’t you think it is worth a free call to keep thousands of to save cents per litre on gas or look dollars in your pocket? for sale items at the grocery store, yet MORTGAGE OF $267,500 complacency kicks in when considering Renewal Monthly Total Payments Interest Balance renewing one’s mortgage. 5YR FIXED Rate Payment 5 years Costs in 5 years The average mortgage amount in BC 3.49% $1,546.58 $92,794.80 $42,155.96 $216,861.16 Renewal Rate is close to $300,000! This is a large amount 2.89% $1,466.57 $87,994.20 $34,754.54 $214,260.34 Broker Rate of money and deserves your attention. The -0.60% -$80.01 -$4,800.60 -$7,401.42 -$2,600.82 Savings key is simply being organized and starting Renewal Monthly Total Payments Interest Balance 5YR VARIABLE Rate Payment 5 years Costs in 5 years to consult your Mortgage Broker in $1,546.58 $92,794.80 $42,155.96 $216,861.16 Renewal Rate Prime 0.20% 3.49% advance. Access to free advice can save $1,466.57 $87,994.20 $34,754.54 $214,260.34 Broker Rate Prime 0.60% 2.89% you thousands off the top. -0.60% -$80.01 -$4,800.60 -$7,401.42 -$2,600.82 Savings Last month, I was referred a potential

50 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

W B R O A D WAY

W 12TH AV E

C O L U M B I A ST

A L B E RTA ST

YU K O N ST

C A M B I E ST

A S H ST

W 6TH AV E

CONDO PRO

Upgrade your thinking about

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 Canada and overseas.

or new condominium suite purchasers, colour selection day is one of the most exciting steps in their journey to move-in day. If you are looking forward to choosing the features and finishes for your new condo, approach your appointment with an open mind. This is your opportunity to truly make your surroundings your own, and many buyers can accomplish that with standard features. Today’s appointments are amazing by North American standards. The features and finishes that come with our condo suites in the Greater Vancouver Area are far and beyond what builders offer south of the border. Buying new also brings with it the

// BY BARBARA LAWLOR

FEATURES AND FINISHES chance to upgrade the items and finishes that will make your home even more beautiful, comfortable, and potentially worth more in resale value if and when you decide to sell. One example is hardwood flooring. Your condo may come with that as a standard, but often it is an upgrade. For yourself and any future buyers who may suffer from allergies, wood flooring is a top choice. It is easy to clean, and your choices of colours and textures will be phenomenal. Remember that in an openconcept living/dining room, the addition of area rugs on top of wood flooring is beautiful and helps to delineate space. Hardwood may well be worth the extra financial outlay at the beginning. If you consider advice from the experts, they will tell you to keep kitchens and bathrooms in mind when choosing upgrades. Time and again, these items have yielded the biggest return on investment in the long run. If your budget is limited, yet you want to include some upgrades, look carefully at what is offered in the kitchen and bath(s). You will be amazed at the kitchen options, which may range from paneled appliances that give them a furniture look in an open-concept space, cabinetry with glass fronts for displaying distinctive dishware or glassware, quiet self-closing drawers, tall upper cabinets, extended islands, cornice mouldings and even wine fridges. When it comes to bathrooms, think spa-inspired upgrades such as marble flooring, fabulous rainwater showerheads, soaker tubs and anything that shouts “pampering!” As for the rest of the suite, higher baseboards, built-in shelving, the list of possibilities is long and tempting. Another category of upgrades that makes a difference today is Green. Saving on energy and helping to sustain the planet are popular goals with environmentally conscious buyers. Upgrades such as natural stone countertops are both gorgeous and environmentally friendly. Of course, your selections depend on your budget, and as I said, you may be able to create your perfect surroundings with standard options. As someone who has travelled extensively with Baker Real Estate, I can tell you that many builders offer amazing choices relative to the rest of the world. If your condo suite is a stepping stone to a larger home someday, be careful with colour schemes. Neutral is the way to go, and you can always inject colour and character into the rooms with furnishings, rugs and accessories. Whatever you decide, make your choices wise ones. Do some research before your selection appointment to find out what’s new and innovative in the way of finishes. I also urge you to pay attention to what the design consultants advise. These professionals are experienced in working with condo spaces. They know their builder’s designs and how to choose combination palettes and finishes that match your personality and work well with the layout. Remember that when you go to sell someday, all things being equal between two suites, buyers will typically choose the one with better finishes.

52 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

VANCOUVER

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 53

YOUNG RD

GRAND STREET

CE DAR STRE ET

WREN STREET

ABBOTSFOR D | M ISSION | CHILLIWACK

I NS

1ST AVE 2ND AVE 3RD AVE 4TH AVE CHEAM AVE 5TH AVE

AVE

SOUTH FRASE R WAY

SUMAS WAY

B ROADWAY ST RD

YOUNG RD

LUCKAKUCK WAY

EVANS RD

COTTONWOOD MALL

MCCALLUM RD

CLEARB ROOK RD

KING RD

ABBOTSFORD INTERNATIONAL AIRPORT

PRAIRIE CENTRAL R

R IV

TOWNLINE RD

D ER YAL

CK IWA I LL

MARSHALL RD

BEVAN AVE

CHILLIWACK MUNICIPAL AIRPORT

MARSHALL RD

ORT

AIR P

AIRPORT RD

KE E

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D G RR D UN M YOTCO A WH

SIMPSON RD

MA SW AY

MISSION

WHATCOM RD

YB U CLA

OLD

MACL URE R

CHILLIWACK CENTRAL RD

YA LE R

Lougheed Hwy

Hwy 11

GLADWIN RD

FRASER CRESENT

MCMILLIAN RD

OLD YALE

CLEARBROOK PARK

CHARLES ST ROAD SLAVE LAKE

R LE YA

MURRAY STREET

DA R

U CL MA

HWCLEARBR Y 11 OOK RD

TOWNLINE RD

MT LEHMAN RD

WREN STREET

VA LL EY

GRAND STREET

EC TO R

7TH AVE KINSMEN EAST PARK

KNIGHT RD

HUNTINGDON RD

ABBOTSFORD

ABBOTSFORD A1. ABACUS

2585 Cambell Ave 604.854.1201

HIGGINSON RD

STEVENSON RD

S SUMAS RD

VE DDER RD

WATSON RD

WEBSTE R RD

KEITH WILSON RD

54 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

C H ILLIWAC K

PROMONTORY RD

THOMAS RD

WATSON GLEN PARK

ABBOTSFORD/MISSION/CHILLIWACK

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Starting Sept. 13: Open Sat./Sun. Noon-5PM www.quantumproperties.ca 2200 West Railway Street, Abbotsford, BC V2S 2E2 || 604.854.1201

Artist’s rendering: Abacus Uptown Occupancy 2014

QuantumProperties

Quantum Properties, a British Columbia company, has been developing properties and constructing multi-family residential and commercial buildings since 2000. The Quantum Properties Group of Companies includes Quantum Realty and Quantum Properties Construction. Marketed by Quantum Realty Inc. Managed by the Quantum Properties Group of Companies. This is not an offering for sale. Any such offering may only be made by disclosure statement. E. & O. E. SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 55

CONDO PROFILE

ABACUS

The best of all worlds

// BY SUSAN M BOYCE

n the quest for an affordable home in one of the Lower Mainland’s hottest communities? Wondering how to afford all the urban features you crave without breaking the bank or sacrificing quality and features? Well be sure to mark Saturday, September 13 on your calendar, because that’s the day Abacus celebrates its grand opening. Located on the edge of Abbotsford’s dynamic downtown core, this collection of contemporary, boutique condominium homes is striking a chord with buyers from savvy first time homeowners and investors to downsizers looking for the convenience of a lock’n’go, snowbird lifestyle. In other words, this is one hot opportunity. Amazing Value “We’re already offering some fantastic promotional pricing including studio suites from $109,900 and a brand new one-bedroom and office plan from $157,900,” says Karen Gallant, sales manager. “Plus, during the grand opening weekend, every buyer will receive a $2,500 decorating allowance as well.” And it just keeps getting better. “Right now, all you need is a $5,000 deposit to secure your home,” Karen says. “Most people, even young first time buyers who are serious about taking that first step on the home ownership ladder, are able to put that amount on their credit card, so this is a terrific opportunity.” You can even pay by Bitcoin — after all, choice is good. 56 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

Investors too are taking note. “For the first 24 months, Quantum will guarantee you receive a rental income,” Karen explains. “Our property management team will screen tenants, take care of the administrative details, and even if your suite isn’t rented, we’ll pay you a guaranteed rent every month for a full two years.” Life in the ’Hood When you’re ready to talk convenience, Abacus has plenty to contribute. “You can walk to downtown Abbotsford, and it’s just a short drive or transit commute to the state-of-the-art Abbotsford Hospital and Cancer Centre, the Abbotsford International Airport, and main campus of the University of the Fraser Valley,” Karen says. And here’s an active lifestyle alert. Within minutes you can be roller-blading or cycling along the 35-kilometre Discovery Trail, working out at the Abbotsford Recreation Centre or simply exploring the many outdoor recreational opportunities that make Abbotsford such a great place to live. Don’t Miss Out Abacus offers a broad selection of floorplans ranging from studio suites to three-bedroom/two-bath homes. Construction is well underway with move-in anticipated for early 2015. Presentation centre and display suite open at noon on Saturday, September 13th at 2565 Campbell Avenue. For more information visit abacusuptown.com or call 604.309.7155.

YOUR BEST SOURCE OF REAL ESTATE INFORMATION TO BUY, SELL, RENT OR RENOVATE. Pick us up at over 750 convenient locations including: Safeway, IGA, Skytrain Stations, Community Centres and More.

TO ADVERTISE CALL 604.519.6080 Sept 5 - 19, 2014 Volume 22 Issue 18

Sept 5 - 19, 2014 Volume 04 Issue 18

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REGISTER TODAY FOR YOUR VIP APPOINTMENT Play. Love. Grow. ARCADIALIVING.CA | 604.513.9090 Raising a family takes commitment, love, patience and a safe, nuturing home. Where you choose to raise your family is your biggest concern. You want the TO FIND THEnearby. RIGHT NEED TO GET INSIDEparks and HOW best schools, convenient services You want aWHY home YOU that has THIS ISSUE EXPERT OUT OF OVERDRAFT room for you and your MORTGAGE kids to grow together.

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JULY-AUGUST 2014 VOLUME 13 ISSUE 4

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View our Magazines online at NewCondoGuide.com Like Us on facebook search: Condo Guide

• ATLANTIC CANADA • CALGARY • EDMONTON • MONTREAL • VANCOUVER • WINNIPEG

R IVE

KNIGHT ST

99 VANCOUVER INTERNATIONAL AIRPORT (YVR)

R DR

R I C H M O N D | D E LTA | L A D N EDRR | T S A W W A S S E N RICHMOND

NO 3 RD

Richmond Hwy

CAMBIE RD

Westminster Hwy

ALDERBRIDGE WAY

LANSDOWNE PARK MALL

RICHMOND NATURE PARK

RICHMOND CENTRE

GRANVILLE AVE

NO 4 RD

GRANVILLE AVE

R DR

NO 6 RD

NO 5 RD

SHELL RD

GARDEN CITY RD

R KE BA RU SS

NO 4 RD

WESTMINSTER HWY

RICHMOND NATURE PARK

CAMBIE RD

R IVE

CAMBIE RD BRIDGEPORT RD

GRANT MCCONACHIE WAY ALDERBRIDGE WAY

LANSDOWNE PARK MALL

RICHMOND CENTRE

NO 6 RD R IV ER

GRANVILLE AVE

W AY

NO 3 RD

NO 5 RD

GARDEN CITY RD

W AY R KE BA SS RU A3

WESTMINSTER HWY

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VANCOUVER INTERNATIONAL AIRPORT (YVR)

SHELL RD

BRIDGEPORT RD GRANT MCCONACHIE WAY

KNIGHT ST

R IV ER

Richmond Hwy

Westminster Hwy

GRANVILLE AVE

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RD Y WA

BOU N DARY BAY R EG IONAL PAR K

RD R VE RI

W AY

Fr a

se rR

ive r

NO 6 RD

48TH AVE

A4. TEMPO

A6. T HE GARDENS

6511 Buswell St ellerichmond.com

Steveston Hwy & #5 Rd 604.271.3331

28TH AVE

ENGLISH BLUFF RD

5171 Brighouse Way 604.233.2633

56TH ST

A5. ELLE

7720 Alderbridge Ave 604.276.8885

12TH AVE

56TH ST

6TH AVE

58 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

62ND B ST

B ST 28TH AVE

A3. RIVER GREEN

41ST B ST

Oval Village 5640 Hollybridge Way 604.276.8683

A AVE

U R DR

A2. CADENCE BY CRESSEY

RO 47TH AD

ARTH

Presentation Centre No 3 Rd and Bennet 604.278.3939

OV E

53RD ST

RICHMOND

53RD ST

EL RD O N

R IV

U R DR

AC H

R IV

41ST B ST

CE M ETE RY

72 AVE

A1. HARMONY

48TH AVE

W RD

ARTH

RI VE R

N KSO

SOUTH DE LTA PAR K

74 AVE

56 ST

8A AVE

47TH A AVE

JAC

12 AVE

53A ST

75A AVE

55 ST

53A ST

52 ST

113 ST

115 ST

D E LTA

75 AVE

12 AVE

119A ST

CHALM E R S PAR K

DE LTA NATU R E R E S E RVE

YM RR

78B AVE

IC A

MONROE DR

116 ST

118 ST

112 ST

B EACH G ROVE GOLF C OU R S E

80 AVE

NT A

82 AVE

DEAS ISLAND REGIONAL PARK

G RAU E R PAR K

C OAST TSAW WAS S E N I N N

MACK I E PAR K

ENGLISH BLUFF RD

BL VD

SCOTT RD

NORDEL WAY

is Hw

c Anna

84 AVE

80 AVE

TSAW WAS S E N GOLF CLU B

I LT SH

AVE FINN 18 RD

LADNER

RI VE R62ND RD

112 ST

NO 3 RD

S P LAS H D OW N PAR K

DEAS ISLAND REGIONAL PARK

FINN RD

TSAW WA S S E N

56 ST

90 AVE

NORTH DE LTA PAR K

NO 3 RD

52 ST

116 ST

MONCTON ST

ER R IV

Steveston Hwy

MONCTON ST

GARRY POINT PARK

96 AVE

GARRY POINT PARK

ER R IV

Steveston Hwy

NO 5 RD

SOUTH ARM PARK

Fr a

Steveston Hwy

NO 4 RD

WILLIAMS RD

NO 5 RD

NO 3 RD

GILBERT RD

FRANCIS RD

NO 2 RD

RAILWAY AVE

SOUTH ARM PARK

NO 4 RD

NO 1 RD

WILLIAMS RD

NO 3 RD

GILBERT RD

RD FRANCIS FRANCIS RD

NO 2 RD

NO 1 RD

RAILWAY AVE

FRANCIS RD

NO 6 RD

BLUNDELL RD

4TH AVE

1ST AVE

RICHMOND/DELTA/LADNER/TSAWWASSEN

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 59

NEIGHBOURHOOD SPOTLIGHT

Resort-style living in the emerging

Oval Village // BY MICHELLE HOPKINS

IMAGINE FOR A MOMENT: SWEEPING VIEWS OF THE RIVER, MOUNTAINS AND GULF

Islands, miles of dyke paths to walk or cycle along, anchored by new parks and a bustling streetscape with great shopping and dining! That image will become reality once the Oval Village is completed. The Oval Village is still in its infancy and when it’s fully developed it will be a work/live/play walkable community on the leading edge of sustainable living. A short drive from Vancouver, this new, often dubbed prestigious, master-planned community shares its postal code with the award-winning Richmond Oval and UBC Boathouse. After the 2010 Winter Olympics, the City unveiled its plan for the new Oval Village. Once completed, it will be a neighbourhood designed to incorporate residential, commercial and recreational areas, creating that a live, work and play environment that is defining master-planned communities in the Lower Mainland today. It will be a high-density development (15,000 residents) that emphasizes that walkability and connectivity, incorporates environmentally-friendly elements and provides diverse housing options and architecture. Housing in this exclusive enclave consists primarily of upscale residences with dramatic waterfront and mountain views and state-of-the-art, luxurious amenities, 60 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

which equals very expensive real estate. Cressey, Onni, Intracorp, all have high-end mixed-use projects on the go. Aspac’s River Green is the largest by far and its residences go for high six figures to impressive seven-figure riverside condos and penthouses. Having said that, there will be affordable housing available, but how much is yet to be seen. Approximately 875 residences, condos, penthouses and townhomes, are already built in Oval Village and their owners are by and large the upwardly mobile 40+ who can afford the hefty price tags. You aren’t going to find struggling artists or students living here unless mom and dad are helping them out financially! In addition, the focus of the Village’s open space will be an expanded park on the City’s dike (due next year), and several works of art by renowned local artists. Besides contributions to creating parkland, all

For those with a passion for shopping, River Road will emerge as a new shopping High Street for the Village, with wide sidewalks for coffee shops and other stores, public art, street furniture, trees and pedestrians.

of the developers have helped to build new roads, sidewalks, bicycle paths, creating a “finer grain” of public streets to accommodate the increased number of vehicles, pedestrians and cyclists. For those with a passion for shopping, River Road will emerge as a new shopping High Street for the Village, with wide sidewalks for coffee shops and other stores, public art, street furniture, trees and pedestrians. Located on the banks of the Fraser River, this newest Richmond neighbourhood is beginning to enjoy a burgeoning residential community. As a waterfront community in the making, the plan for Oval Village is to grow into a unique enclave of natural attractions, with 5.5 kilometres of shoreline dyke trails just outside residents’ doors and at least three new parks, as well as unequaled sporting activities and cultural experiences unlike any other community in the city thanks to the award-winning Richmond Olympic Oval. Although accessing the Oval Village is easy by car, it really is being designed to be a walkable community. However, it is very close to the Vancouver International Airport and to the city’s centre. The nearest SkyTrain Station, Lansdowne Station, is a short drive away, yet there is public transit available. The best way to get around is by foot, bicycle, roller blades - you name it … strap on some runners and head out! At its core, the Oval Village embodies the concept of healthy urban living. One would think that being so close to the No. 2 Road Bridge and on the pathway to YVR it would be noisy here. Surprisingly it’s not; you feel like you’ve just entered into a cocoon of serenity! Maybe it’s the energizing power on the waterfront! SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 61

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JULY-AUGUST 2014 VOLUME 13 ISSUE 4

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JUL/AUG ISSUE on stands now!

SURREY | LANGLEY 116TH AVE

12 0T H

W ay

VE OS

112ND AVE

108TH AVE

104TH AVE

TYNEHEAD REGIONAL PARK

A4 88TH AVE

88TH AVE BEAR CREEK PARK

176TH ST

208TH ST

192ND ST

10 RD

LO VE

A12

WATERSHED PARK

72ND AVE

A10

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99a

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A13

61A

60TH AVE

58TH AVE

A14 A6

56TH AVE

LANGLEY BYPASS

56TH AVE

B1 Fra s

er H

SURREY A1. WYND

10375 133rd Street 604.951.9283

A2. LUXOR

12039 64th Ave., Unit #104 604.590.8003

A3. SALIX

6477 - 196th Street 604.530.0054

5665 177B Street 604.727.5478 99

104th Ave & Citypoint Way 604.951.3331

A12. L ATITUDE

A8. PARK AVE WEST

A13. LUMINA

104th & University Dr 100 Ave. & Whalley Blvd. 604.233.7748

A9. G3 RESIDENCES

A5. VERVE

A10. THE RIDGE AT BOSE FARM

13913 Fraser Hwy. 604.588.3783

A11. 3 CIVIC PLAZA

A7. UNIVERSITY DISTRICT

A4. MANAROLA

8695 160th Street 604.825.1038

LANGLEY

SERPENTINE FEN NATURE RESERVE

A6. LINGO

104th Ave. & 154th St. 604.453.6688

16390 64th Ave. 604.888.5514

64 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

AV E

King George Blvd

80TH AVE

96 TH

14358 60th Ave. 604.596.5075 14877 60 Ave. 604.727.5478

A14. L ATIS

5811 77B St. 778.571.1123

B1. CORNERSTONE 5655 210A Street 604.534.6000

B2. KENSINGTON

20678 Willoughby Town Centre Drive 604.427.3311

B3. ELEMENTS

20211 66th Ave. 604.533.7718

B4. ATHENRY GATE 8312 Street 604.882.8857

B5. VARSITY

20068 Fraser Hwy 604.539.2200

48TH AVE

40TH AVE

240TH ST

Fr as

GOLDEN EARS BRIDGE

96TH AVE

GREEN TIMBERS URBAN FOREST PARK

GL OV ER

96TH AVE

232RD ST

A5 A11 A8

216TH ST

Fr a

216TH ST

se r

104TH AVE

All 1 Bedroom Homes $

All 2 Bedroom Homes $

10,000 OFF

20,000 OFF

PLUS GST AND BC TRANSITION TAX INCLUDED. LIMITED TIME OFFER

MOVE IN TODAY

LUXURY IS STANDARD AT LUXOR

OWN FROM $ /MTH*

Condos from $224,900

OWN TODAY

731

Special Financing Packages Available

*see sales staff for promotion details

HOURS: Monday to Thursday 12-5pm Saturday & Sunday 12-5pm

luxor-living.com 604-590-8003

To Vancouver

15 min. to YVR Airport & 15 min. to US Border

Scott Rd.

FURNISHED SHOW SUITE: 12039 - 64th Ave., Unit 104, Surrey Corner of Scott Rd & 64th Ave

64th Ave. 58th Ave.

LUXURY HOME COLLECTION GROUP

Solon Bucholtz

Hwy. 99

To US Border

MARKETING AND SALES BY: Wolstencroft Realty

R E A L E S TAT E M A R K E T I N G

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

SURREY/LANGLEY

w w w. m a n a r o l a h o m e s .c o m

SUMMER BONUS

• Net GST • FIRST YEAR STRATA FEES • Laminate flooring in Bedrooms • Washer, Dryer and Fridge Upgrades • $5,000 Decorating Allowance *Limited Time Offer. Can be withdrawn at any time.

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

ONE BEDROOM STARTING

FROM

$179,900

(INCLUDE NET GST)

For more information:

DEVELOPED BY:

HW Y

The builder reserve the right to change floorplans, elevations, specifications and prices without notice. Square footage as noted are approximations of each individual unit. The purchaser is responsible for verification of the unit layout and square footages. All renderings, floorplans, models and maps are artist's conceptions and not intended to be an actual depiction of promotion details.

66 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

FR AS ER

162 ST

or Visit our Website at www.manarolahomes.com Presentation Centre Address: #101, 8695 160th Street, Surrey Open daily from 12 to 5pm (closed Fridays)

160 ST

88 AVE

604.825.1038

SURREY/LANGLEY

2 HOME LEFT IN BUILDING 1

e 2 / Spring 2014 BUILIsDsuIN G2 ALREADY 50% SOLD! HO M ES FO R DE SI GN

R HWY Station 13931 FRASE King George alk to A 6-Minute W

le deposit “Porte’s flexib ped make program hel nership our homeow ity!” dream a real E — LIZ & MIK

LOVE RS

SEXY, LE CITY-STYO CONDVE S IN

MO THIS OCT!

S 1 BE$DROOM0 FROM 169,90 AYMENT? NO DOWN PPROBLEM NO osit plan.

dep t our flexible Ask us abou

Proudly developed by

PRESENTATION CENTRE & SHOW HOMES: 13931 FRASER HWY, SURREY OPEN DAILY 12–5PM (CLOSED FRI)

PORTE.CA/VERVE 604.588.3783

MOVE IN NOW & we’ll pay your strata fees for 2 YEARS! OFFERED ON OUR LAST TWO 2-BEDROOM HOMES IN BUILDING 1

*Promotion is subject to change without notice. Sales by disclosure statement only, E&OE.

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 67

SURREY/LANGLEY

ONLY 7 HOMES REMAIN!

OWN A

3 BEDROOM CONDO + YARD FROM JUST

259,900

MOVE IN TODAY! Proudly developed by

PRESENTATION CENTRE & SHOW HOMES: 14358 60TH Ave, Surrey | Open Daily 12â€“5pm (closed Thur & Fri)

PORTE.CA/LATITUDE

604.596.5075

* Prices subject to change without notice. Visit our presentation centre for details. Yard is not an actual representation of the yards at Latitude. Sales by disclosure statement only, E&OE. Latitude Homes are developed, marketed and sold by Porte Development.

68 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

20,000

INCENTIVE PACKAGE ON ALL REMAINING HOMES

2 DISPLAYS NOW OPEN Modern 2 Bedroom Condos PRICES STARTING FROM

239,900

MOVE IN TODAY! Choose from a variety of spacious floor plans, sizes and locations. 68 AVE

*NET OF INCENTIVES

64 AVE

VISIT US TODAY! 6477 196th St, Surrey Call 604.530.0054 Sales Centre Open: 12-5pm (Except Friday)

SalixLiving.com

This is not an offering for sale. Prices and incentives are subject to change or can be withdrawn without notice. Prices exclude tax. Please speak to the Woodbridge sales team for offer details. E.& O. E.

HOME SMARTS

// BY MARNIE BENNETT

HOW TO STAGE for maximum YOUR HOME profit

A Marnie Bennett owns Bennett & Co., a boutique real estate marketing firm providing a full range of marketing services to developers and builders. She is also a broker and team leader of the Bennett Real Estate Professionals with Keller Williams Ottawa Realty. Email your questions to mbennett@bennettpros.com

s though buying a new home isn’t intense enough, homebuyers (with the exception of first-timers) also have to sell their current properties. The fact is, few homes are ready to go on the market as-is. It’s not just a matter of tidiness – though that’s certainly crucial. It’s about helping potential buyers to connect emotionally with your space. That means making your home welcoming to as many people as possible, often at the cost of your own personal taste. This isn’t easy, but a professional stager can help. Your Realtor may even have one on staff. If a stager isn’t in the cards, there are steps you can take on your own. First off, de-clutter. Chances are you’ve got twice as much stuff as you need to show your home to its best potential. In addition to removing obvious messes, this includes things such as extraneous furniture, children’s toys, knick-knacks and family photos. This can be emotionally difficult, but remember: the goal is to make it easy for potential buyers to imagine their own possessions in your space. Next, fix unfinished projects. If buyers see loose floor tiles and cracks in the wall, they’ll wonder what other issues are lurking under the surface. Don’t give them cause to worry.

To make rooms appear larger, replace puffy, over-sized furniture with sleeker pieces. In the bedroom, you’re better off showing a queensized bed and two small bedside tables than a king with no space to spare. To make rooms appear larger, replace puffy, over-sized furniture with sleeker pieces. In the bedroom, you’re better off showing a queen-sized bed and two small bedside tables than a king with no space to spare. To find the right pieces, you can beg, borrow and, if necessary, lease. Bright paint or outdated wallpaper? Replace them with neutral wall colours and add vibrancy with throw pillows and vases. Splurge on fresh, sweetly scented flowers for an open house; they’ll pay for themselves. Mirrors are a wonderful tool for filling empty walls. And, whatever the décor in your bathroom, thick white towels will lend a hotel-like vibe. For extra curb appeal, give your front door a fresh coat of paint and temporarily take your storm door off the hinges. Invest in two urns; plant them with pretty, seasonal flowers. In winter, cedar branches draped with ribbon are just as beautiful. I can guarantee that all this work will have a huge payoff, so keep your eyes on the prize. After all, in your brand new home, you can have things exactly the way you want! 70 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

SURREY/LANGLEY

MOV E IN NOW! Affordable + Quality + Value = Athenry Gate Home Feature: • Quiet location • Superior sound proofing • Large private yard (D5 & E) • Unbeatable value

ONLY

HOME REMAIN S ING

Limited Time Pricing 2 BEDROOMS from $219,900

ATHENRY GATE

2 BEDROOMS + DEN from $275,000 3 BEDROOMS

340,000

athenrygate.com 107-20861 83 Ave, Langley

Sales Centre Open Mon-Thurs 12-6pm, Sat-Sun 12-5pm

Sales and Marketing by Solon Bucholtz 778.995.7467 SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 71

BEST & MOST CONVENIENT MASTER PLANNED COMMUNITY

552 - 1,230 Sq FT CONDOS READY TO MOVE-IN SOON

AL M O ST

FrOM ThE $180’S TO $370’S

O VE r!

SIMPLY LANGLEY’S

Gorgeous Island kitchen with tall pantry. Quartz or granite countertops, porcelain back splash, under cabinet lighting. Spa inspired ensuite with 5 foot walk-in shower, separate soaker tub, his & her sinks, under vanity motion light.

SA LE

Den perfect for home office or hobby room such as sewing or crafting.

Full walk-in master closet

$2 0, 00

0* SU M

Spacious master bedroom

Larger than average decks to enjoy the green belt

Exquisite tile details, sleek one piece toilets and cool under cabinet motion light.

Even the second bedroom is spacious!

Open and Spacious Living and Dining. Seat up to 8 for dinner or book the chef kitchen and dining lounge in the Trilogy Club for large gatherings.

THE ONLY LANGLEY COMMUNITY THAT HAS IT ALL Presentation Centre, Display Suite and Outlook Club ready for viewing 20211 66Th AVE. LANGLEY BC OPEN DAILY MON - THURS 12 - 6PM, FRI - SUN 12 - 5PM

ELEMENTSINLANGLEY.COM 604.533.7718 *Prices are subject to change without notice. $20,000 Summer sale is available on phase 3 homes, ready to enjoy this winter. E.&O.E. Sales and marketing by Fifth Avenue Real Estate Marketing Ltd. fifthave.ca

1230 SQ FT OPEN CONCEPT PLAN P3 2 Bedroom, 2 Bathroom & Den

SURREY/LANGLEY

YOU SNOOZE YOU LOSE OVER 70% SOLD!

20 HOMES REMAINING UNDER $229,900 8 HOMES REMAINING UNDER $200,000 DONâ€™T MISS YOUR BEST OPPORTUNITY TO BUY IN 2014. MOVE IN TODAY.

604.534.6000 cornerstoneliving.ca Sales Centre and three fully-furnished Display Homes 56th & 210A St, Langley | Open daily (closed Friday) from 12 to 5 pm. Marcon Homes (Cornerstone) Ltd.

Limited time offer. Prices subject to change without notice. Please see our sales representative for further details and exact terms of this offer. E. & O.E.

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 73

SURREY/LANGLEY

HAVE IT ALL, FOR LESS. 1 Bedroom, 1+Den, 2 Bedroom, 2+Den 660 - 1082 sq.ft. Condominiums

Luxurious Living, Intelligent Design & Exceptional Value 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. Visit our website to see all the retail shops and services now open. ITâ€™S WORTH THE DRIVE! $199,900

660 sq ft, 1 bedroom

Coquitlam

554 sq ft, 1 bedroom

$220,500

South Surrey

604 sq ft, 1 bedroom

$259,900

Burnaby

602 sq ft, 1 bedroom

$274,900

New Westminster

621 sq ft, 1 bedroom

$327,900

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

80th Ave.

Willoughby Town Centre

208th St.

Kensington, Langley

VISIT OUR DISPLAY SUITE AT THE KENSINGTON PRESENTATION CENTRE

@WilloughbyLife | Willoughby Town Centre

liveatkensington.ca DEVELOPED BY

74 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

STYLE FILE

// BY VICKY SANDERSON

INCORPORATE ORGANIC into your COLOURS AND MATERIALS condo

here are so many benefits to condo living — it’s convenient, maintenance free, and offers homeowners instant access to some of the city’s most vibrant neighbourhoods. For some, moving into a highrise means fewer opportunities to spend outdoors. Fortunately, there are lots of ways for condo dwellers to incorporate organic colours and materials into their decor to bring a bit of the outdoors in. COLOUR INSPIRATION IS EVERYWHERE – in the multi-faceted greens Vicky Sanderson is an expert on all things home decor. With four kids, she’s been re-purposing and “upcycling” long before it was considered cool. Her widely read weekly column appears every Saturday in The Toronto Star. Her work, including make-over projects featuring refurbished pieces, has appeared in publications such as Canadian Living, she blogs on Huffington Post, and shares tips, tricks and trends on such media outlets as Canada AM, Breakfast Television, CHCH Morning Live, and CBC Radio. Follow her on Twitter @vickysanderson.

of grass and trees, the changing blues of a lake in summer, and the subtle greys of rock and stone. All too often, though, people try to create a sense of the outdoors with hot and bright colours. While Hacienda hues work for sunny Mexico, Canada’s cooler, darker climate means muted shades are a more effective way to evoke a feeling of being in nature. Choose a palette that echoes the landscape, like Para’s Northern Retreat (visit para.com/find-a-colour/2014trends/2014-trendcolours) which features a coppery orange, muted olive and purple-grey – all colours that are found in the natural environment.

PICTURED ABOVE

Para’s Northern Retreat palette

INTRODUCING WARM WOOD,

burnished metal and richly veined stone is another way to connect an interior space to the natural world. One of the newest and prettiest stores in Toronto to focus on organic, artisanal wares is Artemano (visit artemano.ca). The first Artemano store opened in 2002 in Laval, Quebec, offering clean-lined, Zen-

Colour inspiration is everywhere – in the multifaceted greens of grass and trees, the changing blues of a lake in summer, and the subtle greys of rock and stone.

inspired contemporary furnishings. A second store followed in Brossard in 2006. Now, owners Shimon Finkelstein and Eyal Shoam have made the move into Ontario, opening a fifth store at 698 Caledonia Rd. The store is full of wood pieces — tables, stools, cabinets, consoles, desks, beds and other pieces in such exotic species as sheesham – a special variety of Indian rosewood collected in environment-friendly groves – as well as mango, suar, teak and acacia. There are also loads of interesting accessories from as far away as India, Indonesia and Thailand. One of my favourites is a gorgeous textured table lamp made of pierced metal. It’s wonderfully sculptural and when lit, it creates magical light patterns on walls and ceilings. ONE TIP Avoid going full-on with natural and organic

pieces, unless you’re decorating a cabin in the woods. In fact, mixing those pieces with furniture and accessories with crisp, modern lines will actually let their beauty shine through more vividly. SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 77

CONDO PROFILE

LATIS LIVING // BY JANINE MACKIE

family home appreciate the spacious floor plans and price point of twobedroom homes from $244,900. “Some units are wheelchair accessible, and ground floor suites with large exterior yards are really popular,” said Colleen. “Whether you have a pet or like the convenience of stepping out your front gate to nearby shops, it offers an ideal lifestyle.” Developer Kerkhoff Construction’s 46 years of experience and expertise shines in the quality of materials and craftsmanship; from the durable hardi-plank and brick exterior to the above-standard finishings inside — nine-foot ceilings, quartz countertops, high-end stainless steel appliances and painted baseboards and trim. ACCESS IT: CENTRAL LOCATION WITH DIRECT SKYTRAIN ACCESS

ove the idea of less home maintenance? Want to be free to take more vacations or travel worry-free from work? Wouldn’t it be nice to walk from home to shopping, recreation and restaurants? Sharing a love for Surrey’s friendly community of Cloverdale and the luxury that comes with a well designed new condo, those who’ve moved into Latis are in agreement . . . this is living! EXPERIENCE IT: THREE FURNISHED SHOWHOMES

“The grounds are beautifully landscaped and maintained, there are resident garden plots, a wonderful amenity room with fitness equipment, and the quality both inside and out is excellent,” describes sales manager Colleen Ferguson as she opens the door to the newest of three display suites at Latis. “We’re known as the building with the fabulous rooftop decks.” Four-storeys high and 34 suites ranging from one-bedroom-and-den homes up to two-bedroom-and-den homes – all with generous outdoor patios and decks, living at Latis provides the opportunity to choose a home that’s the perfect fit. Located at the corner of 58 Ave. and 177B St., first-time buyers are getting into the market from just $189,900, while those on a fixed income or downsizing from a 78 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

Most buyers have been local residents, having grown up in Cloverdale or recently downsizing from homes in the area. As Cloverdale grows it’s being recognized by consumers and businesses across the Lower Mainland as a great place to invest. Centrally located, enviable transit connections with direct bus routes to the SkyTrain, and a friendly vibe that includes a genuine main street, a new multicultural Night Market, new schools, restaurants and speciality shops too at Cloverdale Gateway and Brickyard Station malls. Showhomes are open daily (except Sundays) from noon to 5 p.m. at 5811 – 177B St. in Surrey. Learn more at latiscondos.com or call 778.809.3488.

SURREY/LANGLEY

MOVE IN TODAY! CONDOS.COM

A BOUTIQUE COLLECTION OF 1 BED + DENS, 2 BED & 2 BED + DENS PRICED FROM JUST

$189,900

LIVE IN THE NEW HEART OF CLOVERDALE. 60 Ave

With shopping, dining, and recreation just minutes away, Latis puts you in the heart of it all.

VISIT OUR SHOWHOME AND EXPERIENCE LATIS LIVING! OPEN DAILY 12 PM - 5 PM EXCEPT SUNDAY

DESIGNED, BUILT AND BACKED BY

177 B St

176 A St

58 Ave HWY 15

And with our unique kitchen designs and amenities, Latis also offers you all the conveniences you're looking for in a new home, including a community garden!

HWY 10

5811 - 177B Street, Cloverdale

Call 778.571.1123

LatisCondos.com PRICES, RATES AND FEATURES ARE SUBJECT TO CHANGE WITHOUT NOTICE. E. & O. E.

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 79

176TH ST

184TH ST

176TH ST

184TH ST

168TH ST

152ND ST

ing George Hwy

SOUTH SURREY | WHITE ROCK

40TH AVE SERPENTINE FEN NATURE RESERVE

E CR

CRESCENT BEACH / BLACKIE SPIT

99a

32ND AVE 6

SUNNYSIDE ACRES URBAN FOREST PARK

CRESCENT PARK

24TH AVE

164TH ST

26TH AVE

168TH ST

152ND ST

INE

16TH AVE 160TH ST

148TH ST

140TH ST

MA R

16TH AVE

128TH ST

16TH AVE

20TH AVE

SOUTH SURREY ATHLETIC PARK

15 10TH AVE 8TH AVE

8TH AVE

CANADA

SOUTH SURREY / WHITE ROCK UNITED STATES OF AMERICA

1. SALTAIRE

Johnston Rd & Thrift Ave 604.662.3700

2. KINGSTON HOUSE 3323 - 151st St 604.541.8092

3. GEMINI

5. H EIGHTS CONDOS

7. E DGEWATER

4. ADAGIO

6. S OUTH POINT WALK

8. ROYCE

15336 - 17A Ave 604.536.1663

20th Ave. & 154th St. 604.531.6659

80 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

2855 156th Street, Surrey 778.545.8737

29A Ave & 152 St 604.560.3238

36 Ave & 152nd St. 604.818.5603 14855 Thrift Ave 604.538.8028

9. HEADWATERS 15428 31st Ave 604.560.5535

SOUTH SURREY/WHITE ROCK

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 81

大溫哥華版

Greater Vancouver Edition

可在超過750個不同地點索取本公司雜誌，包括： Safeway, IGA, Skytrain Stations, Community Centres 及更多地點。

刊登廣告請致電 604.519.6080 Photo by Park Avenue. Photo courtesy ofcourtesy Park Avenue

Like Us on facebook.com/NewHomeGuideMetroVancouver

To book your advertising, please call 604-519-6080. Free translation provided.

SOUTH SURREY/WHITE ROCK

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 83

CONDO WATCH Gallery Heights North Delta ON THE STREET 9015 – 120th Street ON THE WEB bassiproperties.com INFO 604.767.0710 or 778.317.3715

CONDO MARKET WATCH Condominium homes to keep your eye on

Priority registration is underway and the sales centre is expected to open in September for this collection of just over 100 condominium homes in the heart of the Scott Road Corridor. Prices anticipated to start below $200,000. One- and two-bedroom plans available. Four exclusive townhomes will also be available.

Uptown 2 West Coquitlam ON THE WEB bosaproperties.com INFO 604.939.2677 HIGHLIGHTS Previews begin soon for Bosa Properties’ exciting second tower in this dynamic new neighbourhood. Located barely a block from the new Burquitlam SkyTrain Station on the Evergreen Line, walking distance to Lougheed Town Centre, and a short, easy drive or bus ride to three higher education facilities: SFU, Douglas College, and BCIT. Be sure to register today for priority access and more information as it comes available.

Abacus Abbotsford

The Windsor Coquitlam

ON THE STREET 2565 Campbell Avenue

ON THE STREET Pipeline and Windsor Gate

ON THE WEB abacusuptown.com

ON THE WEB polyhomes.com

INFO 604.309.7155

INFO 604.871.4470

Offering a broad selection of floorplans ranging from studio suites to three-bedroom/two-bath homes, Abacus is ideally located on the edge of Abbotsford’s dynamic downtown core and easy cycling or transit distance to Abbotsford Hospital and Cancer Centre, Abbotsford International Airport, and the main campus of the University of the Fraser Valley. Construction is well underway with move-in anticipated for early 2015. Grand opening for the presentation centre and display suite on Saturday, September 13th — be sure to ask about the rental guarantee program and special opening weekend incentives.

HIGHLIGHTS The newest phase of Polygon’s master-planned community of Windsor Gate in Coquitlam Town Centre. Architecture inspired by Frank Lloyd Wright, spacious two bedroom apartments with open-plan layouts and floor-to-ceiling windows. Views to the North Shore mountains, the valley and beyond, plus you’re just minutes from Coquitlam River and Lafarge Lake, shopping, the Evergreen Line, and performing arts venues. A bonus is automatic membership at Nakoma Club — Windsor Gate’s 18,000 square foot private clubhouse. Features include outdoor pool, fitness studio, screening room, guest suites and resident concierge.

HIGHLIGHTS

84 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

Madrona Grove Update Pender Island About a month ago, we told you about the luxurious Pender Island home that was donated to the BC Cancer Foundation (BCCF) as a fundraiser. We’re thrill to report that on August 22nd, the house sold for $725,000 with five people bidding. In total, the sale and other events raised an astonishing $800,000 for cancer research. The Shore North Vancouver ON THE STREET Marine and Fell ON THE WEB adera.com INFO 604.942.4488 HIGHLIGHTS Be sure to mark October 4th on your calendar, because that’s the official grand opening at The Shore. Tucked into a quiet pocket of land adjacent to Mosquito Creek, The Shore features city-savvy condominium homes clustered around a European-style piazza with massive water feature and a newly commissioned public art piece. VIP previewing starts September 16, so priority register today and be one of the lucky ones who get in early.

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.

HOMEBUYERS’ HELP

condo buyers’

resource section

YOU LOVE THE CONDO, SEE WHAT YOU CAN AFFORD! Calculate your mortgage payments using the mortgage payment calculation chart

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 85

HOMEBUYERS’ HELP

Calculate your mortgage payments interest rate

amortization period

chart figure

mortgage amount ÷ 1,000

monthly payment

EXAMPLE: 5%

25 YEARS

5.82

125 (mortgage amount $125,000)

Follow these steps to see if you’ll qualify for a mortgage on your dream condo 01 Calculate the combined monthly before-tax income of you and your spouse. 02 Divide by three. This figure is the monthly payment you can afford to make on your condo. 03 Take the total price of the condo and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.

04 Refer to the chart on the opposite page. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most first-time buyers take the 25-year amortization.) 05 Multiply this figure by the amount you need to borrow. Divide by 1,000.

86 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

06 Add to this your estimated monthly heating costs and monthly property taxes. 07 If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream condo.

Bear in mind that this is a rough estimate. If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice and get pre-qualified.

Mortgage payment calculation chart

Amortization Periods

INTEREST RATES

10 YEARS

15 YEARS

20 YEARS

25 YEARS

30 YEARS

3.00%

9.65

6.90

5.54

4.73

4.21

3.25%

9.76

7.02

5.66

4.86

4.34

3.50%

9.88

7.14

5.79

4.99

4.48

3.75%

9.99

7.26

5.91

5.13

4.61

4.00%

7.38

6.04

5.26

4.76

10.11

4.25%

10.23

7.50

6.17

5.40

4.90

4.50%

10.34

7.63

6.30

5.53

5.04

4.75%

10.46

7.75

6.44

5.67

5.19

5.00%

10.58

7.88

6.57

5.82

5.34

5.25%

10.70

8.01

6.74

5.96

5.49

5.50%

10.82

8.14

6.85

6.10

5.64

5.75%

10.94

8.27

6.98

6.25

5.79

6.00%

11.07

8.40

7.12

6.40

5.95

6.25%

11.19

8.53

7.26

6.55

6.11

6.50%

11.31

8.66

7.41

6.70

6.26

6.75%

11.43

8.80

7.55

6.85

6.42

7.00%

11.56

8.93

7.69

7.00

6.59

7.25%

11.68

9.07

7.84

7.16

6.75

7.50%

11.81

9.21

7.99

7.32

6.91

7.75%

11.94

9.34

8.14

7.47

7.08

8.00%

12.06

9.48

8.28

7.63

7.25

8.25%

12.19

9.62

8.44

7.79

7.42

8.50%

12.32

9.76

8.59

7.95

7.59

8.75%

12.45

9.90

8.74

8.12

7.76

9.00%

12.58

10.05

8.86

8.28

7.93

9.25%

12.71

10.19

9.05

8.45

8.10

9.50%

12.84

10.33

9.20

8.62

8.28

9.75%

12.97

10.48

9.36

8.78

8.45

10.00%

13.10

10.63

9.52

8.95

8.63

10.25%

13.24

10.77

9.68

9.12

8.80

10.50%

13.37

10.92

9.84

9.29

8.98

10.75%

13.50

11.06

10.00

9.46

9.16

11.00%

13.64

11.22

10.16

9.63

9.34

11.25%

13.77

11.36

10.32

9.80

9.52

11.50%

13.91

11.52

10.49

9.97

9.70

11.75%

14.04

11.66

10.65

10.15

9.88

12.00%

14.18

11.82

10.81

10.32

10.06

12.25%

14.32

11.97

10.98

10.49

10.25

12.50%

14.46

12.13

11.15

10.67

10.43

12.75%

14.59

12.28

11.31

10.85

10.61

This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 87

BRITISH COLUMBIA’S

NEW CONDO DEVELOPMENTS PROJ ECT

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

PROJ ECT

ABBOTSFORD

Abacus Uptown Hudson’s Loft 2 Lift Mahogany at Mill Lake Waterleaf

LR LR LR HR LR

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

Hazel MTwo MThree Mackin Park Novella Oasis Regan’s Walk The Windsor Uptown

604.854.1201 Call hudsonsloft.ca Coming Soon 604.557.1047 Call 604.746.1551 Call 604.850.3694 From $179,900

LR HR HR LR MR HR LR HR HR

778.829.1500 From $220,500 604.472.9555 From $599,900 604.472.9555 From $291,900 604.939.8874 From $199,900 604.563.5777 Call 604.464.2701 Call 604.492.0222 From $199,900 604.871.4470 Coming Soon 604.939.2677 From $258,900

BURNABY Aldynne on the Park HR 604.541.9517 From $409,900 Altitude HR 604.456.8883 From $239,900 Aviara HR 604.291.9130 Call NORTH DELTA Brentwood HR 604.563.8386 From $299,900 Luxor LR 604.590.8003 From $199,900 CentreBlock at Univercity HR libertyhomes.ca From $239,900 Delta Rise HR 604.594.7473 From $189,000 Highland House MR 778.331.0348 From $209,900 Lift LR/TH 604.320.3386 Call LANGLEY Athenry Gate LR 604.882.8857 From $137,500 Madison LR liveatburnabyheights.com Coming Soon LR 604.534.6000 From $199,900 Cornerstone Met 1, The HR 604.899.8800 From $349,800 Elements LR 604.533.7718 From $159,900 Met 2, The HR 604.899.8800 Coming Soon Focal Pointe LR 604.377.7000 Coming Soon Metro One LR 604.435.9477 Call Kensington LR 604.427.3311 From $199,900 Metro Two LR 604.435.9477 From $439,900 Suede LR 604.514.1530 From $224,900 Metroplace HR 604.435.8866 Call Varsity LR 604.539.2200 From $139,900 Moda HR 604.439.9580 Call Yorkson Creek LR yorksoncreek.com From $179,900 Modello HR 604.456.0688 Call OakTerra LR 604.431.6033 Call MAPLE RIDGE Oro LR 604.754.7338 From $274,900 223 North LR 604.463.0588 From $174,900 Red Bricks LR 604.527.7955 Call LR 604.318.5254 Call Cascada Reflections HR 604.525.8496 Call LR 604.466.8783 From $149,900 Edge on Edge Silver HR 604.435.8866 Call LR 604.522.8970 Coming Soon Meadows Pointe Solo District HR 604.298.8800 From Low $300’s Signature at Falcon Centre LR 604.477.1500 Call Station Square HR 604.438.1113 Call LR 604.467.8884 Call Parc Vue Storybrook LR 604.528.8906 From Low $300s Reflections LR reflectionsliving.com Coming Soon Trio LR 604.218.3338 From $249,900 Rivers Edge LR 604.318.5254 From $170,900 Wall Centre Central Park HR 604.874.9232 From $299,000 Station One LR 604.467.9300 Coming Soon Wellington Station LR 604.380.0300 From $189,900 CHILLIWACK / SARDIS La Cason LR 1.800.830.7175 From $184,900 NEW WESTMINSTER

258 on Sixth Brewery District Carlyle at Victoria Hill Dominion Duo at Port Royal Elliot St Glass House Lofts Grove, The Lookout at Victoria Hill, The

COQUITLAM

1123 Westwood Austin Bloom Charland Como Emerson Evergreen Grand Central 3

HR HR LR/TH LR LR LR HR HR

604.472.1123 Call 604.931.0302 From Low $200’s 604.939.8808 From $249,900 604.492.3388 Call 604.939.0018 From $189,900 604.936.9300 Call 604.942.2672 From $273,900 604.936.1888 From $235,400 Penthouse (PH)

Live Work (LW)

City Home (CH)

High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

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

604.377.9630 Call 604.694.1188 Coming Soon 604.523.0733 Call 604.525.8980 Call 604.520.9890 From $218,900 604.524.8080 Call 604.520.9890 Call 604.523.0733 Call 605.523.0733 From $239,900

Townhouse (TH)

ConneCting buyers to the best new home o p p o r t u n i t i e s i n m e t r o p o l i ta n Va n C o u V e r new h o m es starti ng f rom t h e mid $1 0 0 ’s

FIFTHAVE.CA 88 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

n e w h o m e s a l e s and marKeting eXpertise

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

Northbank Parkside at Victoria Hill Trapp & Holbrook Viceroy

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

HR HR HR HR

PROJ ECT

604.523.0081 From $266,000 604.523.0733 From $239,900 604.525.0223 From $299,900 604.522.2583 Call

Residences, The Station, The

LR LR LR LR LR LR LR HR LR LR

604.552.5887 604.464.5856 604.435.9477 604.349.9245 604.475.5100 604.866.4206 604.945.3999 604.468.8252 604.468.8252 604.351.3261 Penthouse (PH)

From $246,900

604.552.0552 604.492.3338

Call Call

LR 604.278.5809 Coming Soon LR/HR 604.276.9186 From $354,900 LR/HR 604.276.0677 Call HR 604.276.868 Call HR 604.244.7721 Call HR 604.233.7748 From $300,000’s HR ellerichmond.com Coming Soon LR 604.271.3331 From $298,800 HR 604.278.3939 From $318,800 HR 604.233.7748 From $300,000’s HR 604.303.7575 From $464,900 HR 604.278.8838 Call MR 604.231.5900 From Low $200’s HR 604.303.8878 From Low $370’s LR 604.274.7326 Call HR/MR/TH 604.303.0148 From $299,900 LR 604.279.8866 From $211,900 MR 604.233.2633 Call From $239,900 HR 604.282.7838 MR/TH 604.233.2633 Call HR 604.276.8885 From $283,900 LR 604.270.2482 Call

SQUAMISH / WHISTLER

Aqua Elaho University Heights

Call From $134,900

PORT COQUITLAM

Altura Burleigh Walk Carmandy Fremont Green La Via Orchid Prima Residences Shaughnessy, The South Verde Spring

HR HR

Alexandra Court Phase 2 Avanti Camber Cadence Carrera Concord Gardens Elle Gardens, The Harmony Monet Opal at Richmond Centre Ora Parc Riviera Park Residences Pier, The Pinnacle Living at Capstan Remy River Green River Park Place River Inlet Tempo Saffron

PITT MEADOWS

778.846.3200 604.460.6601

604.464.4764

RICHMOND

15 West HR 604.980.9949 From $340,000 221 East 3rd LR Coming Soon Anchor, The HR 604.988.8800 From Mid $200’s Atrium at the Pier MR/TH 604.983.9065 Call Canyon Springs LR 604.973.0298 $389,900 Capstone MR 604.929.8870 Call CentreView HR 604.988.8540 Coming Soon Destiny 2 MR 604.929.1915 From $259,900 Drive, The LR 604.986.8138 Call Heywood on the Park LR 604.985.0003 From $288,900 Local on Lonsdale HR/LR/TH 604.998.0219 Call Loden Green TH 604.988.0022 From low $600s Maplewood North LR 604.727.1594 From $378,900 Mill House LR marcon.ca/millhouse Coming Soon Northlands LR 604.800.2120 From $244,900 Orizon on Third LR 604.638.6240 From $504,900 Pinnacle Residences at the Pier MR 604.983.9065 Call Prescott, The HR 604.969.3333 From Mid $200’s Remix LR 604.924.4488 Call Trophy at the Pier MR/TH 604.983.9065 From $509,900 Seylynn Vilage HR 604.980,5000 From Low $300’s Shore, The LR 604.980.0016 Call Wallace & McDowell LR 604.971.2266 Call LR LR

PORT MOODY

NORTH VANCOUVER

Cedar Downs Liv42

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

Valorie on the Park

City Home (CH)

1.877.344.5566 604.898.2232 1.888.852.7575

From $239,000 Coming Soon Call

HR LR LR LR LR HR LR LR LR LR

604.957.3331 604.596.2202 tiensher.com 778.395.1886 604.530.5399 604.453.6688 604.596.5075 604.727.5478 604.727.5478 604.825.1038

Call From $170’s Coming Soon From $118,800 From $219,900 Call From $264,900 From $199,900 From $274,900 From $179,900 Incl. GST

SURREY

From $158,900 From low $199,900 From $209,900 Coming Soon From $169,900 From $189,900 Call Call Call From $199,900 Live Work (LW)

TH/LR TH LR

3 Civic Plaza Ascend Balance Connect Esplanade at Waterstone G3 Residences Latitude Lingo Lumina Manarola High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

Loft (LO)

Townhouse (TH)

SEPTEMBER 5 - 19, 2014 METRO VANCOUVER NEW CONDO GUIDE 89

PROJ ECT

Park Avenue Park Central Quattro Ridge at Bose Farms University District Ultra at West Village Verve Wave Wynd

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

HR LR LR LR HR TH/HR LR HR HR

604.583.9866 604.817.5852 604.581.8000 604.888.514 604.588.5795 604.588.6999 604.588.3783 604.951.9283 604.951.9283

PROJ ECT

99 West MR Arbutus Ridge MR Binning Tower HR Block One HR Boulevard Private Residences LR Cambie & 7th HR/TH Central HR Citti MR Empire at QE Park MR Granville at 70th HR Kerrisdale Gardens MR Lido HR MC2 HR Meccanica HR Midtown LR North West HR Opsal HR Pinnacle Living Broadway MR Pinnacle Living False Creek MR Prodigy HR Radius LR Sail LR Shannon Wall Centre Kerrisdale LR Sixth and Willow The Laureates HR The One HR/MR Tower Green at West HR The Village on False Creek HR W10th & Maple MR/TH Westerly, The LR

From $250,000 From $289,900 From $159,900 From $174,900 From $221,900 From $186,900 From $160’s From $279,900 From $199,900

CLOVERDALE

Latis One92 Salix

LR LR LR

778.571.1123 604.576.1772 604.530.0054

From $189,900 From $199,900 From $229,900

VANCOUVER & AREA DOWNTOWN

188 Keefer LR 999 Seymour HR Addition HR Fairmont Pacific Rim Estates HR Keefer Block LR Maddox HR Mark, The HR Modern HR One Pacific HR Private Residences at Hotel Georgia, The HR Rolston, The HR Sapphire, The HR Tate on Howe HR Trump International Hotel and Tower® Vancouver HR

604.620.2018 Call 604.879.9996 From $327,400 604.620.6692 From $349,900 604.781.4303 Call 604.682.8813 From $269,900 604.669.8200 $389,900 604.687.4353 Call amacon.com From $300’s 604.899.8800 From Low $300’s 604.682.8107 Call 604.688.8927 Call 604.876.9222 From $685,000 604.568.8283 From $268,000 604.568.7888 Call

Brio Tsawwassen Springs

604.568.7551 Penthouse (PH)

WEST VANCOUVER

City Home (CH)

604.836.7355

From $490,000

WHITE ROCK / SOUTH SURREY

Adagio Avra Edgewater Gemini Headwaters Heights, The Kingston House Newport at West Beach Royce Saltaire Sausalito South Point Walk Winter Street

Call Live Work (LW)

LR 604.943.8811 Call SF/LR 604.948.HOME Call

Galleries on the Bay

WEST SIDE

604.620.8600 From $528,800 604.738.0001 Call 604.646.1111 From $499,900 604.682.8801 Call 604.685.5778 Call 604.568.5060 Call 604.687.4353 Call 604.880.6880 Call 604.687.8800 From Mid $300’s 604.687.2298 Call 604.559.9848 Call 604.872.2672 From $513,900 604.638.9998 Call 604.876.8819 From $394,900 604.563.3330 Coming Soon onni.ca Coming Soon 604.876.7332 Call 604.739.2080 From $399,900 604.874.8368 From $369,900 604.221.8878 From High $300s 604.731.5522 Call 604.221.8878 Call 604.267.8882 Call sixthandwillow.com Coming Soon 604.871.4474 Coming Soon 604.874.8368 From $349,900 604.707.9378 From $319,000 604.733.2010 From $390,500 604.739.2080 From $429,900 604.558.3399 From $300,000’s

TSAWWASSEN

EAST SIDE 238 W Broadway LR 238westbroadway.ca Call Bohème LR 604.569.3388 From $227,900 Collection 45 LR 604.569.1555 Call Evan MR 604.872.0331 From $269,900 Focal LR 605.563.6777 Coming Soon Independent at Main, The HR independentatmain.ca Coming Soon Jade LR 604.338.5233 Call Kensington Gardens MR 604.620.7886 Call Local LR 604.688.5527 From $349,900 Main Street LR 604.877.1116 From $339,900 Marquee on the Drive LR 604.559.2011 Call Oxford LR 604.779.0091 Call Shine MR 604.261.3936 Coming Soon Shoreline LR 604.434.2205 From $359,900 Skyway HR 604.436.1100 Call View338 LR 604.303.8838 From $219,900 Wall Centre Central Park HR 604.874.9232 From $299,900

5555 Dunbar

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

High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

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

604.531.6659 From $288,900 604.531.9030 From $319,900 604.818.5603 From $339,900 604.536.1663 Call 604.560.5535 From $219,900 778.545.8737 From $364,900 604.541.8092 From $299,900 604.536.0256 From $289,900 604.538.8028 From $314,900 604.560.1656 Call 604.538.3237 Call 604.560.3238 From $230’s 604.364.7455 From $299,900

Townhouse (TH)

New homes available throughout

www.macmarketingsolutions.com Metro Vancouver & Calgary We sell the homes you want to buy. /MacMarketingSolutions 90 METRO VANCOUVER NEW CONDO GUIDE SEPTEMBER 5 - 19, 2014

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GLASSHOUSE LOFTS Over 50% sold and Move in Ready. Visit GlassHouse Lofts today to preview our 3 designer display homes, featuring 20 foot ceilings, reclaimed brick walls and riverfront roof decks. Expect the unexpected. Starting from the low $400â€™s. Call or visit: 220 Salter St. New West, 604.520.9890 *Prices and availability subject to change or be withdrawn without notice and do not include taxes. E&O.E.

THE STATION: IN THE HEART OF PORT MOODY Our collection of 1-2 bedroom condos and modern townhomes are equipped with a geothermal heating and cooling system that keeps you cool in the summer and warm in the winter. These design inspired, move-in ready homes are within walking distance to the new Evergreen Line and the heart of Historic Port Moody. Starting in mid $200â€™s. Call Or Visit: 2708 St. Johns Street, Port Moody, 604.492.3338