Issuu

Oct 3 - 17, 2014 Volume 04 Issue 20

YOU’RE READY. SO ARE WE. LIVE IN BRENTWOOD SPRING 2015.

INSIDE THIS ISSUE

CULTURE AND CHARISMA IN CHINATOWN

10 MINUTES WITH… BOFFO’S KAREN WEST

IT’S FALL, SO GET ORGANIZED

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.

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OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 3

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

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$ 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

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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.

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OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 7

TABLE OF CONTENTS

October 3 - 17, 2014 VOLUME 4 ISSUE 20

On The Cover

AVIARA

An iconic tower in Brentwood

COLUMNS, NEWS & FEATURES

20 012 EDITOR’S NOTE COLUMNS

020 1 0 MINUTES WITH... Family-sized apartments are where it’s at according to Boffo’s Karen West BY SUSAN M BOYCE

030 Q UICK TIPS Fall is the perfect time to get oganized BY HELLEN BUTTIGEIG

038 T AXING ISSUES How do I report the sale of an investment property? BY HENRY CHOO CHONG

042 I NSIDE MORTGAGES Your credit score: what it means and why it matters BY KRIS GRASTY

084 N EIGHBOURHOOD SPOTLIGHT The culture and charisma of Chinatown BY SHAWN CONNER

050 C ONDO SENSE the art of smart living

HOMEBUYERS’ HELP

056 H OME SMARTS Choosing the right condo for you

032 CONDO MARKET WATCH Condominium homes to keep your eye on

BY CAMERON MCNEILL

BY MARNIE BENNETT

068 M ORTGAGE ADVICE Why you should pay attention to the Bank of Canada rates BY ALYSSA RICHARD

BY SUSAN M BOYCE

093 HOMEBUYERS’ RESOURCE SECTION 096 L ISTINGS DIRECTORY

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

Megan Pike

Editors

Stephanie MacDonald Diane Duflot (on leave)

Media Consultants

Dave Bird 604.319.7102 Brenda Everitt 604.319.7103 Sales Coordinator

Justin Salvador

CONDO PROFILES

Production Manager

Bala Gnanapandithan Graphic Designer

Miguel Cea

AVIARA An iconic new tower in Brentwood

Production Co-ordinator

Mohammad Haidarpour

46 CONTRIBUTING EDITORIAL WRITER

BY SUSAN M BOYCE

Susan M Boyce

X61 Urban by nature in North Vancouver BY SUSAN M BOYCE

THE RIDGE AT BOSE FARMS A bold new country lifestyle

Published By

BY SUSAN M BOYCE

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

JADE Boutique living in Vancouver BY SUSAN M BOYCE

72 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

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048 Abbotsford/Chilliwack 052 R ichmond 058 Surrey/Langley 074 South Surrey/White Rock 078 Vancouver

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

77 BOUTIQUE HOMES

R E D E F I N I N G W E S T C OQ U I T L A M Inspired by a collection of stories and truly unique in design, Novella is a boutique concrete mid-rise built for the discerning buyer. Intelligent 1, 2, and large 3 bedroom homes have been thoughtfully designed to make use of natural light, and feature stunning interiors, bespoke appliances and exceptional quality. Nestled on a quiet street and walking distance from Burquitlam Station on the new Evergreen Line, Novellaâ€™s 77 homes are designed exclusively for you and whatever your next story holds.

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

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 11

EDITOR’S NOTE

PURCHASE WITHOUT PITFALLS

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

Have you set your sights on a new condo this fall? New Condo Guide is a great place to get all the advice you need to ensure a purchase without the pitfalls. Home-hunting takes patience, persistence, and a little luck. So where do you start? Physically explore the areas you’re interested in before you start to visit the sales centres and model suites. You will find out things no map can tell you. Are there schools, restaurants and shopping nearby? Good bike trails? Do you feel comfortable walking around? When it’s time to shop for homes, think about what makes sense for your lifestyle. Changes in consumer demand are creating an impact in the kind of housing being built today. Buyers are requesting greater attention to architectural styling, with demands for more functional spaces and more natural lighting being most prevalent. Buyers want open-concept living spaces that are well planned and have enough space for all of today’s gadgets while offering proper high-tech wiring. There are so many housing options to choose from today. Finding the perfect place shouldn’t leave you feeling like you had to compromise on style or function. We hope you enjoy this issue. Drop us a line and let us know what you think.

LIVING LARGE IN THE CITY There are lots of reasons to want to live in the suburbs or the countryside. Wide open spaces, acres of forests, having wildlife and nature at your doorstep are among them.

STEPHANIE MACDONALD

EDITOR

Wall2Wall Media Stephanie.MacDonald@wall2wallmedia.com

12 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

But if commuting isn’t your thing, and if you appreciate arts and culture even more than the great outdoors, and being able to walk everywhere you need to go is a priority, now living in the city doesn’t mean giving up your living space. “It’s easy to forget that as recently as 15 or 20 years ago, large suites were the norm — it was simply the way apartments were built,” says Boffo’s Karen West in our “10 Minutes With...” column this month. So many developers were finding that families were buying two suites and combining them to create larger apartments, that newer buildings often offer three-bedrooms and sometimes more to fit the downsizers as well as those with growing families that want to stay in the city. These homes may cost more than the average apartment, but when you factor in the loss of car expenses, commuting time and costs along with the convenient and appealing urban lifestyle, living large in the city is a sensible and very livable solution for many families. Whatever home you’re in the market for, you’ll find lots of useful information contained in this issue to help you in your decision. Happy condo hunting!

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14 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

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COVER STORY

AVIARA

ICONIC BRENTWOOD // BY SUSAN M BOYCE

by spring 2015, so for anyone who’s looking for a brand new condominium home in Brentwood, this really is the right time and the right place,” says Manuela Mirecki, Ledingham McAllister’s senior vice president of marketing and design. “And that’s got people excited.”

ITS ARCHITECTURE IS FRESH AND DISTINCTIVE: ELEGANTLY CURVED FAÇADES, tranquil Zen reflecting pools, and the grandeur of a backlit waterfall at the main entry. Here is where beauty, sustainability, and forward thinking design converge to create an iconic, 32-storey tower And now, with construction nearing completion at Aviara, now you can truly see how this dramatic, refreshingly innovative building is redefining the Brentwood skyline. Sweeping balconies act as sunshades while creating dynamic, private outdoor spaces. Even now, the entire structure seems to shimmer in the afternoon sunshine creating a sense of contemporary sophistication and style. Brought to you by Ledingham McAllister, a builder with a long and distinguished history in Burnaby’s residential marketplace, Aviara is anticipated to welcome its first owners early next year. “We are the only new tower that will be ready

16 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

PROUD TO BE BURNABY “As a company, our Burnaby roots go back a long way,” Manuela says, adding that LedMac, as the company is more affectionately known, has built more than 2,000 homes throughout this Lower Mainland municipality alone. “That’s more than any other developer. But for us it’s more than just construction. Many of us, myself and the development manager included, actually grew up and went to school here, so we have a personal fondness for the neighbourhood as well.” Manuela stresses, though, that this new Burnaby has come a long, long way from the Burnaby of old. “We think Burnaby is now one of

“We are the only new tower that will be ready by spring 2015, so for anyone who’s looking for a brand new condominium home in Brentwood, this really is the right time and the right place.” MANUELA MIRECKI

the most attractive places to invest in anywhere in Metro Vancouver,” she says. “It’s centrally located within the Lower Mainland, it has a number of well established town-centres that are receptive to new development, it’s well served by public transportation, and 25 per cent of the land is designated as parks or open spaces.” She’s also quick to praise the City of Burnaby for its commitment to forging a constructive relationship between council, senior staff, and the construction industry. Small wonder this city was recently voted “Best Run City in Canada” by Maclean’s magazine. VISIONARY DESIGN Inside, Aviara is poised to satisfy the most fastidious homeowner — that would be you. Gourmet kitchens include quartz counters, flat-panel cabinetry, and KitchenAid appliances including a microwave intelligently inset into the island/eating bar. Bathrooms are elegant with the decadently deep soaker tub I crave and the convenience of a walk-in shower that’s my significant other’s favourite. Need more enticements? How about fitness centre, community garden terrace, personal bike storage lockers with every home and even a free one year casual membership in the Modo Car Co-op. “It’s all making life easier for our buyers,” Manuela says. A NEIGHBOURHOOD LIFESTYLE Convenience is destined to be a way of life at Aviara. On-site amenities include a fitness centre so you can ditch the expensive gym membership, a social lounge with wet bar and pool table, plus an outdoor terrace featuring tranquil pond and fire-pits. Oh and when you have out of town company coming to stay — because you know your friends and relatives are going to want to check out your new digs — you’ll be able to put them up in style in Aviara’s comfortable guest suite.

When you’re ready to explore, just step outside the lobby, and in minutes you can be browsing through more than half a million square feet of retail space at Brentwood Town Centre’s, sipping a latté at Starbucks, cheering your favourite hockey team to victory over a burger and beer at Cactus Club, or picking up fresh flowers and fixings for dinner at Save-On-Foods. The Gilmore SkyTrain Station is just two blocks away, or the Brentwood Station an easy, five-minute stroll. Plus there’s easy access to the freeway or even several cycle routes to downtown Vancouver if your preferred method of transportation is pedal power. Ready to expand your mind? No problem. No matter what your age, there’s an educational opportunity near by. Kitchener Elementary and Alpha Secondary are walking distance. BCIT and Simon Fraser University are easily and quickly accessible by transit or car. And for young families, there’s new licensed childcare facility at Madison Centre just round the corner. SEIZE THE OPPORTUNITY Aviara offers a total of 239 apartment residences ranging from one-bedroom and den to two-bedrooms and den priced from $366,800. Presentation Centre and display homes are open noon to 6 p.m. daily except Fridays at 1710 Gilmore Avenue in Burnaby. For more information visit ledmac.com/aviara or call 604.291.9130.

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 17

BURNABY/NEW WESTMINSTER

FINAL PHASE GRAND OPENING – OCT 4TH

7008 14th Ave. Burnaby, BC

18 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

Q&A

10 KAREN WEST Minutes with…

The Evolution of Living Large

with Boffo’s Sales and Marketing Director // BY SUSAN M BOYCE Artemisia brings a new level of classic style to downtown Vancouver

Love your private deck at Modello in Metrotown.

Adagio homes are impressing South Surrey buyers.

LONG CELEBRATED AS ONE OF THE WORLD’S MOST LIVABLE CITIES, METRO VANCOUVER has become a poster child for the joys of high density, condominium

living. Experts routinely travel from around the globe to gain inspiration and expertise from our elegant concrete-and-glass towers and dynamic urban hubs. So it should come as no surprise that Metro Vancouver is where you’ll find another emerging trend — large condominium homes designed with three, and sometimes even more, bedrooms. It’s a trend that Karen West, sales and marketing director of Boffo Developments, believes it’s going to continue gaining traction. In this issue of New Condo Guide, she shares some of her thoughts on this growing segment of the condo market place.

Q: Boffo Developments has a reputation of being among of the pioneers KAREN WEST

Sales and Marketing Director of Boffo Developments. 20 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

and earliest adopters of the trend to build condominium homes with larger footprints. What motivates you to do this in a market where the focus is predominantly on creating ever more compact units?

A: It’s easy to forget that as recently as 15 or 20 years ago, large suites were the norm — it was simply the way apartments were built. It wasn’t until housing prices in Metro Vancouver started skyrocketing that developers began looking at a different business model that meant building smaller suites they’d be able to sell for a lower, more competitive price. At Boffo, we simply made a conscious choice to continue building what we’ve always done best — larger suites designed specifically with the end user in mind. Q: So does that mean the market for these larger suites is primarily driven by a more mature demographic? A: Initially, yes, buyers who purchased larger suites were mainly downsizers — people selling the house they’ve lived in for 30 or 40 years to get the convenience of lock’n’go living and still have money left over for extras like travel. Today, however, we’re seeing an increase in demand from young couples and professionals. These are sophisticated, savvy buyers who are making an active decision to raise their family in a high density, urbanized environment. They value the convenience of being close to city amenities like restaurants, shops and entertainment — and they use them. What they don’t want is the hassle of a yard or the high cost of a house in the suburbs. Condos are no longer “second best,” they’re now highly desirable, prestigious lifestyle choice.

Q: For people who make this lifestyle choice, what are some of the criteria they look for in a home? A: Livable space with at least three bedrooms or possibly two bedrooms and a den. Downsizers want to know they can bring their full-sized furniture and aren’t sacrificing the single-family ambiance

Entertainment-sized kitchens are found in every Modello suite.

“ Sophisticated, savvy buyers are making an active decision to raise their family in a high density, urbanized environment.” KAREN WEST they’re used to — they can still host a sit-down dinner for eight if they want to. The younger demographic who have either started a family or are planning to have children also need at least three bedrooms that are of a reasonable size because they’re most likely going to stay there a while as their family grows. Vancouverites love entertaining outside so private outdoor spaces are essential — and even though balcony sizes are dictated by individual municipalities, the rule of thumb for most owner occupants is “the bigger the better.” Balconies are now considered an extra room, and like the interior rooms, size counts. Storage and flex-space that can be converted to a home office or TV room are high priority features. Plus there’s the luxury component — details like master suites with an extra large shower and soaker tub plus room for their king-sized bed, or kitchens with built-in wine fridges, gas cooktops and over-sized fridges.

Q: Where do onsite amenities fit into the equation? A: This demographic definitely expects more than an under-equipped fitness area.

They want hotel-style amenities — spa, concierge, media room. And they use those amenities. For example, at Jewel in Metrotown, the lounge and chef ’s kitchen are constantly booked for events like weddings, anniversaries and birthdays. It’s become an extension of the owners’ living space, a place that feels so comfortable, they want to spend time there.

Q: What do you think the future of large condos will be? A: I believe demand for these homes will continue to increase and that it’s good for

the overall integrity of the Metro Vancouver marketplace to have other developers also beginning to build them. It’s about creating greater choice in the overall fabric of our urban landscape — and ultimately that benefits everyone. For information on Boffo Developments newest projects including Modello, Artemisia and Adagio, visit boffo.ca.

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 21

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.

22 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

NEW CONDO GUIDE - OPTION 4 Client: Anthem Properties

BURNABY/NEW WESTMINSTER

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 23

BURNABY/NEW WESTMINSTER

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LEARN MORE AT porte.ca/lift 604.320.3386 *$15,000 savings on Garden homes, $20,000 savings on Skyhomes. Restrictions apply—see sales team for details. Pricing subject to change without notice. Sales by disclosure statement only, E&O.E.

24 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

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// BY HELLEN BUTTIGIEG

ORGANIZING GROOVE

“Fall” into your

ith the lazy days of summer behind us and the kids back at school, fall is the perfect time to de-clutter and get your home organized before the snow hits the ground.

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

An organized freezer allows you to find and use what you have, preventing waste and saving you money. Freeze sauces, meats and berries in zipper freezer bags and use permanent marker to write the contents and date directly on the bags. 30 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

What’s in your freezer? An organized freezer allows you to find and use what you have, preventing waste and saving you money. Freeze sauces, meats and berries in zipper freezer bags and use permanent marker to write the contents and date directly on the bags. Use sturdy, flat-bottomed freezer baskets to store the floppy freezer bags. Organize by category (frozen vegetables in one basket, sauces in another). Place new foods at the back of the freezer and use the oldest food first. Store your seasonal clothing safely. Before storing them, ensure that clothes have been cleaned. Even if items appear clean after wearing, body oils can cause stains that set over a few months and may attract moths. Never store clothing in plastic bags for extended periods (even those that come from the dry-cleaners). They trap moisture and encourage mildew. Use cotton garment bags instead. Avoid storing clothes in cardboard boxes as acids in the cardboard can cause fabrics to yellow and the glue between the layers can attract insects. Use lidded plastic storage containers instead. Tuck some cedar blocks or shavings inside, which are less toxic than moth balls. Always store the clothes in a cool, dry, dark and well-ventilated area. How do you file your paperwork? Some experts suggest placing new paper behind previous ones (filing to the back) because it’s faster and easier to drop papers in the file that way. On the other hand, when you are looking for papers inside your files, you are more likely to need the most current ones, so you could access them faster if you filed them at the front. This just goes to show that organizing is not one size fits all; you need to find the systems that work best for you. Whether you decide to file “to the back” or “to the front,” the important thing is to choose one of the two methods and use it consistently. Keeping track of it all. If you are trying to resolve on-going issues, (like if you have a dispute about your home repairs or an item you ordered online arrived damaged), attach a sticky note to the paperwork to remind you of the current status. Be sure to keep track of all phone correspondence with the company, including the date and person you spoke to and what they told you.

COQUITLAM/PORT COQUITLAM/PORT MOODY

tio c u r ! st ConStarted

Occupancy 2015 Artist’s rendering: Orchid front view, Building 1

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.

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 31

CONDO WATCH

FREMONT GREEN: Port Coquitlam ON THE STREET: 550 Seaborne Place ON THE WEB: mosaichomes.com

CONDO MARKET WATCH Condominium homes to keep your eye on

INFO: 604.468.0084

Vya: Vancouver ON THE STREET: 233 Kingsway ON THE WEB: VyaLiving.com HIGHLIGHTS: Following the success of PortLiving’s Midtown project, which sold 50% of its units within weeks of its launch, Vya will introduce 43 condominium homes to Mount Peasant. At only six storeys, this boutique residence will include over-height commercial space, studios, one- and two-bedroom, as well as 7 penthouses each with their own private rooftop patio. More than 46 per cent of the homes are anticipated to be priced under $300,000. Great location near transit, shopping, and the bustling amenities of South Main. Priority register now underway.

Elgin House: South Surrey ON THE STREET: 3323 – 151st Street ON THE WEB: polyhomes.com

Tatlow: North Vancouver

INFO: 604.541.8092

ON THE STREET: Tatlow and Marine Drive

HIGHLIGHTS: The next collection of East Coast-style apartment residences at Harvard Gardens is now accepting priority registration. Architectural details include striking red brick, flat roofs and black wrought iron details. Contemporary interiors feature gourmet kitchens with stone counters and stainless steel appliances. Close to top schools, golf courses, restaurants, and transit. Automatic membership to The Rowing Club, a private community clubhouse.

ON THE WEB: TatlowLiving.com INFO: 604.817.5852 HIGHLIGHTS: Located in the heart of North Vancouver’s Capilano neighbourhood, this collection of one-, two-, and three-bedroom condominium homes is brought to you by Imani. Presentation centre anticipated to open this summer. Be sure to priority register today so you’re first to get updated information as it’s released.

32 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

HIGHLIGHTS: A new phase comes to MOSAIC’s Fremont master planned neighbourhood adjacent to the Pitt River in PoCo. This residence will offer oneand two-bedroom apartment homes with an average price in the mid $200,000s. Some of the environmentally sustainable and intuitive design features include bike-share programs for cycling the Traboulay Trail, integrated indoor/ outdoor living spaces, vaulted 16-foot cathedral ceilings, energy efficient LED lighting, and radiant in-floor heating.

Essence: Mount Pleasant ON THE STREET: East 7th Avenue a block

and a half east of Main Street ON THE WEB: liveatessence.ca INFO: 604.649.4883 HIGHLIGHTS: Truly boutique collection of homes featuring generous balconies, über-modern finishings, and a location that’s tough to beat. Just steps to the eclectic offerings of South Main, but tucked amid the trees and quiet of an established neighbourhood. WalkScore: 98. BikeScore: 94. Be sure to ask about the spectacular penthouse that excusive elevator, full wrap-around balcony, air conditioning, and over 2,100 square feet of living space.

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.

COQUITLAM/PORT COQUITLAM/PORT MOODY

RUN, DON’T WALK 13 HOMES

DON’T MISS YOUR CHANCE TO OWN AT REGAN’S WALK.

ONLY

REMAIN

E LAKE AV

REGAN AVE

BURQUITLAM STATION

NORTH RD

Move-in April 2015. A perfect location steps to new Burquitlam SkyTrain.

COMO

CL A RK E

SAVE

$3,000 ON 1 BEDS & 1 BEDS + DENS $7,000 ON 2 BEDS & 3 BEDS

SALES CENTRE

SMITH AVE

COTTONWOOD AVE

SALES CENTRE + DISPLAY HOME Burquitlam Plaza, 408 – 552 Clarke Rd., Coquitlam. Open Daily Noon – 5pm (except Fridays) Prices correct at press time and are subject to change without notice. E.& O.E.

604.492.0222 REGANSWALK.CA

Marcon Regan Homes Ltd.

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 33

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 OCTOBER 3 - 17, 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 PRESENTATION CENTRE

AT FALCON CENTRE

VANCOUVER

RIV

7 N

ER R

SIO

604.477.1500

DOWNTOWN MAPLE RIDGE

LOUGHEED HIGHWAY

MIS

Buy Early for the opportunity to Customize

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

226 ST

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

DEWDNEY TRUNK RD

PRESENTATION CENTRE

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

OCTOBER 3 - 17, 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

A13

BOULEVARD

A10

A14

BA I LD

MARINE DR

Y WA W AY

E YR

S ND GH

VE R GO

E NT

LOGGERS LN

QU E E NS WAY

RAVEN DR

A9. T HE SHORE

2135 Heritage Park Lane 604.988.0022

A4. O RIZON ON THIRD Sale Centre 21 Lonsdale Ave 604.638.6240

A5. 1 5 WEST

CH E

B UC

SQUAMISH

KLEY AVE

R UD TEA PLA

VAL LEY

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

36 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

KEITH RD E

A2. REMIX

A3. L ODEN GREEN ROBIN DR

LYNN CANYON PARK

MT SEYMOUR PKY

A8. T HE ANCHOR

#103 - 735 West 15th St 604.924.4488

FINCH DR

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

BRENNAN PA R K

rton

Dolla

NORTH SHORE

CENTENNIAL WAY

MAGEE ST

E L R D MAI N LEVE ST LOW

N LY

EY LL VA

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

Y DR 5th just off Lonsdale 1 604.980.9949

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

A6. C ANYON SPRINGS

A13. TATLOW

A7. CENTERVIEW

A14. X61

2517 Mountain Hwy 604.973.0298

1308 Lonsdale Ave 604.988.8540

Marine Dr and Tatlow info@tatlowliving.com

1061 Marine Dr. x61living.com

Hwy

NORTH SHORE/SQUAMISH/WHISTLER

GRAND OPENING Saturday October 4, 2014 12 pm to 3pm RSVP 604.980.0016 the shore@adera.com

Newly extended Trans Canada Trail – the best outdoor public amenity in Canada and gateway to active North Shore outdoors.

Signature West Coast Piazza –a vibrant euro-styled town square with celebrated public art and giant water features.

Dedicated West Coast Club – fully functioning fitness center and social lounge.

Epic views of the North Shore mountains and the Vancouver skyline from your private rooftop terrace designed for your own hot tub spa.

Walking distance to SeaBus and a full spectrum of shopping, from a master-planned Adera community where 40+ years of building experience combines with most personalized home buying experience imaginable.

JOIN US FOR THE ARRIVAL OF THE SHORE! INCREDIBLE PRICING & PROMOTIONS. OR CONTACT US FOR A PRIVATE PREVIEW BEFORE THE CROWDS 106 - 733 West 3rd Street, North Vancouver adera.com MAR

INE D

RIVE

W 3RD STREET BEWICKE AVE

Exclusive creekside enclave with classic West Coast architecture, sustainable design, and personalized interiors through i.D. By Me.

FELL AVE

THE BEST 6 WAYS TO LIVE WEST COAST 1 4 2 5 3 6

W 3R

D ST

REET

SALES BY DISCLOSURE STATEMENT ONLY. E&OE. SHORE PROJECTS LTD. ADERA REALTY CORP. 2200 – 1055 DUNSMUIR ST., VANCOUVER V7X 1K8 | 604.684.8277 RENDERING IS ARTISTS INTERPRETATION AND MAY NOT BE REPRESENTATIVE OF THE FINAL PRODUCT.

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 37

TAXING ISSUES

// BY HENRY CHOO CHONG

SELLING A REAL ESTATE INVESTMENT PROPERTY

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.

I purchased a rental investment property nine years ago. Every year I have filed the rental income on my tax return. This year I sold the property. In addition to my rental income, what tax implications will I have to report? Jared, Toronto

Hopefully, you made a profit! The real estate market has been healthy for the past several years and continues to be strong. Selling a real estate investment property will generate either a capital gain/loss and/or a recapture of income/terminal loss.

38 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

You will have a capital gain when the proceeds of the sale exceed the original cost of the property. A capital gain must be included in your personal tax return (if you own it personally) and is taxed on 50 per cent of the gains at your personal tax rate. A capital loss occurs when the cost is greater than your proceeds. The capital losses should be included on your personal return and applied against capital gains in that year. Any excess losses can be carried back three years, or carried forward indefinitely to reduce capital gains. In calculating the capital gain/ loss, determining the adjusted cost of the property is an essential factor. The adjusted cost must include not just the purchase price but also other costs incurred that had to be capitalized. As well, the proceeds of disposition are all the cost, including the selling price and adjustments pertaining to the sale of the investment. In addition to the capital gains/losses, you may have a recapture of income. This occurs when you are taking Capital Cost allowance (depreciation) on the building, in any of the years that it was owned by you. The balance in this account is called the â€œundepreciated portion.â€? A recapture of income occurs when the lesser of the proceeds and the cost of the property is higher than the Undepreciated Capital Cost (UCC). The recapture of income is taxed in its entirety at your personal tax rate. Alternatively, a terminal loss occurs when the lesser of the proceeds and the cost of the property is less than the UCC. This terminal loss can be applied in the current year to reduce other income (such as salaries, business income etc.). Any unused amounts can be carried back three years or carried forward. Good record keeping is essential to calculate the correct gains and/or losses. Henry Choo Chong, CGA sits on many committees and provides accounting and tax services to individuals and businesses. He can be reached at 416-590-1728 ext. 304.

NORTH SHORE/SQUAMISH/WHISTLER

The evolution of Lynn Valley continues Not so long ago, Lynn Valley was home to loggers and lumber mills. A hundred years later, the forests are thriving and Lynn Valley has become known as a pristine escape from the hustle of the mega-city that Metro Vancouver has become. Mill House is a new opportunity for homebuyers who would love to live in Lynn Valley. Just 75 Alpine inspired homes. Itâ€™s a thoughtful evolution of life up here.

Nicely appointed 1+ Den â€“ 3 bedroom homes with parking and personal gear garage priced from $299,900

A Natural Selection

marcon.ca/millhouse

Prices correct at press time. E.& O.E.

Marcon Lynn Valley Homes Ltd.

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 39

NORTH SHORE/SQUAMISH/WHISTLER

MOVE IN TODAY

40 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

NORTH SHORE/SQUAMISH/WHISTLER

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 41

INSIDE MORTGAGES

// BY KRIS GRASTY

YOUR CREDIT SCORE:

Tips to improve your financial position

a snapshot. Your credit report acts as an indicator of your financial habits or history, showing how consistently you pay your bills. Your credit report also shows history of missed payments, current balances and provides a full picture of your indebtedness. Mortgage professionals and lenders alike rely heavily on this information Kris Grasty is a mortgage broker with Dominion Lending Centre’s Canadian Mortgage Experts and and a Finalist in the 2014 Canadian Mortgage Awards. Kris maintains a strong focus on educating clients on all options. For more information visit his website at www.krisgrasty.ca

t seems that several times a month, I receive calls from potential clients who have concerns about their credit history. A good credit score is extremely pivotal when you are looking for an approval of your mortgage. In some cases credit score can be one of the largest barriers to approval and it can have a bearing on the rates or amounts that you can qualify for.

What is a credit score? Your credit score is a number that represents your credit worthiness in 42 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

How do you start building a Credit Score? I recommend to young people to start building a credit history as early as possible. You can start by applying for and responsibly using a credit card and by applying for your own cell phone plan as opposed to using your parents plan. These two simple things will start you along this positive process. Checking your credit score If you are unsure about what score you may have, I highly recommend that you request a copy of your credit report. You can do so by contacting the following two agencies: Equifax Canada at www.equifax.ca and TransUnion Canada at www.transunion.ca. You can obtain an online copy of your credit report which lists a detailed summary of your credit history, employment history and personal financial information. You should request a copy of your credit report every year. Doing so, you will be able to identify any errors in your report and contact the organization responsible for the inaccuracy immediately.

Cell Phones and Parking Tickets? Increasingly I am seeing people with credit mishaps due to cell phone bills or unpaid parking tickets that are affecting them negatively! Pay your tickets! Cell phone companies have been reporting monthly, since October of 2013, so any late or missed payment on your Cell bill will now affect you negatively as if it were a missed credit card payment. It may be best to look after the payments yourself if you are responsible for someone else’s contract. Having a good score helps you A better score and credit history can help you qualify easier and for better mortgage rates saving you thousands in interest payments. Most lenders want to see a Credit Score of 680 or higher. » 70% of Canadians are between 700 and 850 » Five components make up your score 1. Payment History 2. Amounts Owed 3. Length of credit history 4. New Credit 5. Types of Credit in Use

10%

Types of Credit in Use

10%

New Credit

15%

Credit History

30%

Amounts Owed

35%

Payment History

A better score and credit history can help you qualify easier and for better mortgage rates saving you thousands in interest payments. I have listed some simple tips below that can help you to build and maintain a good credit history today and going forward. Do » Get a copy of your credit report yearly and make sure the statement is correct » Contact the creditor (s) to fix errors » Pay your bills on time » Try to keep your Credit balance below 50% of your limit » If you have balances over 50%, focus payments on these to improve them OR if in good standing with your creditor, you could ask for an increase to your limit – but do not spend more on this account!

Don’t » Use credit you don’t understand »G o over your credit limit – Again, try to use 50% or less. »W ait to report fraud or bad transactions »R epeatedly seek credit with different creditors »M iss your monthly payments – EVER!

Take a look at the “Credit Killers” chart that outlines the negative effects of having some credit mishaps. Interestingly enough, you may notice that credit mishaps or errors more quickly and drastically reduce a higher Credit score. Credit Killers

Effect on a 680 Score

Effect on a 780 Score

Maxed-out card

-10 to -30

-25 to -45

30-day late payment

-60 to -80

-90 to -110

Debt settlement

-45 to -65

-105 to -125

Foreclosure

-85 to -105

-140 to -160

Brankruptcy

-130 to -150

-220 to -240 Source – FICO

In direct opposition of the Credit Killers, you can make positive changes to your credit and have great results in just a few months! I always prefer to work with folks

who have credit concerns well before they need my services as a mortgage broker. Some simple advice and tips can be the difference between qualifying as a “B” client or as an “A” client with the best rates. It is very

exciting when I get the opportunity to help a client in advance like this. Closing any file is great and that is my job, however, coaching someone who needs help into qualifying is when we all really win! OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 43

NORTH SHORE/SQUAMISH/WHISTLER

GET IT WHILE

YOU CAN! › NET GST INCLUDED on all 1 bed & 1 + den homes

› 5% DOWN PAYMENT › STARTING FROM $269,900 › MOVE IN MAY 2015

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

OVER 75% SOLD HEYWOODLIVING.CA 604.985.0003 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.

44 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

NORTH SHORE/SQUAMISH/WHISTLER

FINAL CLEARANCE SALE MOVE IN TODAY

NET TAXES INCLUDED ON REMAINING TWO BEDROOM HOMES ONLY

W 15TH STREET

W 14TH STREET

RIN

RIV

BEWICKE AVE

REMIX | 604.924.4488 220 – 733 West 14th St, North Vancouver | ADERA.COM Open Daily from Noon – 5pm

MOSQUITO CREEK LN

Live just steps to the Trans Canada Trail and minutes to the world-renowned canine playground of the Coastal Mountains. A collection of sixty apartment homes ranging from one + den to two + den atop a vibrant social hub. Display homes released for sale.

FELL AVE

REMAINING TWO BED + DEN HOMES PRICED FROM $419,900*

*SELECT HOMES ONLY. LIMITATIONS APPLY. CONTACT SALES FOR DETAILS. OFFER VALID UNTIL OCTOBER 31 2014. SALES BY DISCLOSURE STATEMENT ONLY. E&OE. SEVEN30 ADERA PROJECTS LTD. ADERA REALTY CORP. 2200 – 1055 DUNSMUIR ST., VANCOUVER V7X 1K8 | 604.684.8277

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 45

CONDO PROFILE

X61 MARINE DRIVE

Urban by Nature

// BY SUSAN M BOYCE

icture this: an urban home in one of North Vancouver’s coolest, trendiest new neighbourhoods. Now add in proximity to nature, transit, shopping and restaurants. Sound good? Well say hello to X61, a dynamic collection of condominium homes ranging from one- to three-bedrooms plus three exclusive two-level townhomes.

The Lifestyle You Love “This area has seen so much vibrant development over the past few years,” says project marketer, Sara Navabi. “People like the fact this is a truly walkable neighbourhood. You’re quite literally just steps from urban amenities like groceries, banks and, of course, the Capilano Mall, but you can enjoy the best of the North Shore’s famous nature and outdoor recreation in minutes.” Yet another hit with savvy urbanites, is X61’s easy commuter access to everywhere. “Downtown Vancouver is just a short drive over the Lions Gate Bridge, you can bike to the Lonsdale Quay or hook up to the Canada Trail, be on your way to Whistler in under 10 minutes via the Upper Levels Highway, and for students going to Capilano University, there’s a direct bus connection right at the corner.” Even better, X61 will contribute to this sophisticated lifestyle by bringing some brand-new retail opportunities. “X61 will be a four-storey building with three levels of residential above street-level retail,” Sara explains. “It’s another way we can contribute to further enhancing this urban paradise. Buyers who live here won’t have to choose between urban living or a natural location. At X61, they have it all.”

“ PEOPLE LIKE THE FACT THIS IS A TRULY WALKABLE NEIGHBOURHOOD”

- SARA NAVABI 46 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

The Sophistication You Crave Inside, X61 features style to satisfy. Here’s a hint: Fisher & Paykel stainless steel appliance package, laminate flooring throughout main living areas, built-in recycling station (why don’t more homes include this intelligent feature?), plus display niches in the kitchen islands. This is all about contemporary design that celebrates your good taste. “We’ve also identified a shortage of larger suites and new townhomes here in North Vancouver, so we’ve addressed that unsatisfied demand by including three-bedroom condos and two-level townhomes,” Sara says. “These homes give growing families who want to move back to the North Shore or downsizers who want to stay here new options — and that’s got them excited.” X61 will be located at 1061 Marine Drive in North Vancouver. Sales are anticipated to begin this fall with prices starting in the $200,000s. For more information and to priority register, visit X61Living.com.

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

EVANS RD

B ROADWAY ST RD

YOUNG RD

LUCKAKUCK WAY

MCCALLUM RD

CLEARB ROOK RD

COTTONWOOD MALL

R IV

TOWNLINE RD

D NR

KING RD

ABBOTSFORD INTERNATIONAL AIRPORT

PRAIRIE CENTRAL R

CK IWA I LL

D ER YAL

LE H

MARSHALL RD

CHILLIWACK MUNICIPAL AIRPORT

LE YA

BEVAN AVE A2

ORT

AIR P

AIRPORT RD

KE E

SIMPSON RD

BROOKS AVE

D G RR D UN M YOTCO A WH

MISSION

WHATCOM RD

MA SW AY

YB U CLA

OLD

CHILLIWACK CENTRAL RD

YA LE R

MACL URE R

Hwy 11

GLADWIN RD

Lougheed Hwy

MCMILLIAN RD

OLD YALE

FRASER CRESENT

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

A2. MAHOGANY

STEVENSON RD

2180 Gladwin Rd 604.746.1551

S SUMAS RD

VE DDER RD

WATSON RD

WEBSTE R RD

KEITH WILSON RD

48 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

C H ILLIWAC K

PROMONTORY RD

THOMAS RD

WATSON GLEN PARK

ABBOTSFORD/MISSION/CHILLIWACK

PRICES FROM

$254,900 • 26 storeys of luxury living on a lushly landscaped 3 acre site

• Commercial/office space floors 1-3 including coffee shop and pharmacy on ground floor • Top quality finishings and resort-style amenities • Environmentally friendly geothermal heating and cooling • Across from Mill Lake Park spectacular views!

LAST CHANCE TO CUSTOMIZE!

• 5 minute walk to schools, hospital, buses, shops and services

CONSTRUCTION STARTING!

• 10 minute drive to the University of the Fraser Valley • 10 minute drive to YXX, Abbotsford International Airport

Presentation Centre Open Daily (except Friday) Noon - 5 PM 2180 Gladwin Road Abbotsford, BC 604.746.1551 mahoganycondos.com

Occupancy: 2016 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.

Premium Retail and Office Space Available 2016

New Class A building - design your own space Main floor: up to 1,700 sq. ft. available Second floor: 500 - 12,000 sq. ft. available Third floor: 500 - 11,500 sq. ft. available

quantumproperties.ca

Contact Quantum Properties to secure your space 604.854.1201 leasing@quantumproperties.ca

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 49

CONDO SENSE

// BY CAMERON MCNEILL

THE ART OF SMART LIVING

How to get more out of every square foot of your home

storage solutions are some of the many elements that sophisticated developers are incorporating to allow you to have more useable space for less dollars. First time homebuyers, downsizers, and investors alike are now also putting on their creative hats to find ways to get more out of every square foot. Here are some insights on what to look for in a floorplan layout and how to choose the right type of furnishings to get more space out of your new home.

1) Assess your lifestyle needs 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

s one of most livable cities in the world, Vancouver’s real estate landscape is becoming more competitive and many developers are evolving their home design by finding smarter ways to optimize spaces for modern condo living. Design improvements such as open plan concepts, larger window walls, higher ceilings, and intelligent

50 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

Do a bit of planning before shopping for a home. Audit your lifestyle and understand how you plan to use your space. If you know that you rarely cook at home, then consider a home that has a built-in breakfast bar in the kitchen. That way, instead of having a dining room table, you can use that extra space to expand your living area and set up a media room if that’s your priority. Understanding your own lifestyle can help you come up with other space saving ideas, so — assess your habits before you search!

2) Look for developers who provide great architectural design

Maximizing space while maintaining smooth traffic flow is key. Hallways can be one of the largest sources of wasted space while door openings and swings can negatively impede the home by interrupting wall space. Sliding or pocket doors can often help efficiency. Also look for higher ceiling heights (higher than standard 8’) and large window walls that span across the living area to allow more natural light. In addition, homes that offer smarter storage solutions such as a “Lazy Susan” in cupboard corners, bathroom vanities, pull-out pantries, and built-in shelving units can vastly improve your use of every square inch. Look out for these details when visiting display homes and be sure to ask which features are included.

3) Smart furnishings are essential

Beyond architectural design, selecting the right furnishings for your home can make a big difference. Reduce clutter by making sure every furniture piece is essential to your daily needs and invest in multi-functional pieces. Seek out innovative and efficient furniture and interior designers such as Flûff Design & Décor and Resource Furniture. Creative ideas such as folding transforming bed systems, ottomans and sofas that do double duty as guest beds, and collapsing dining tables are just a few of the amazing ideas out there. Thinking of creative solutions to fit your lifestyle and understanding architectural design fundamentals can go a long way to maximizing your living space.

ABBOTSFORD/MISSION/CHILLIWACK

TE I U S N! W E SHOW OP NO

Still searching for that perfect new condo?

+ OM DRO 0! 1 BEFICE 7,90 OF $15 M FRO

You’ve found it. Abacus Uptown. Location, pricing, quality construction. It all adds up.

0 0 0 sit! $5p o e D

1 BEDROOM + OFFICE from

$157,900

including net GST

AbacusUptown.com Show Suite Open Saturday & Sunday Noon - 5 PM

Occupancy Winter 2014/15

@AbacusUptown @QPGroup

2565 Campbell Avenue Abbotsford, BC 604.309.7155

WE ACCEPT DEPOSITS PAID BY:

Cheque • Credit Card • Bitcoin

www.quantumproperties.ca 2200 West Railway Street, Abbotsford, BC V2S 2E2 || 604.854.1201

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. OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 51

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

CAMBIE RD

VANCOUVER INTERNATIONAL AIRPORT (YVR)

SHELL RD

BRIDGEPORT RD GRANT MCCONACHIE WAY

KNIGHT ST

R IV ER

Richmond Hwy

Westminster Hwy

GRANVILLE AVE

BLUNDELL RD

RD Y WA

BOU N DARY BAY R EG IONAL PAR K

RD R VE RI

W AY

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

52 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 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

B E R I C H I N H E A LT H

RICHMOND’S MOST TALKED ABOUT HOMES. WHAT’S ALL THE BUZZ ABOUT? THESE HOMES, THESE KITCHENS AND THIS UNBELIEVABLE NEIGHBOURHOOD:

· Steve Nash Fitness World, grocer & services all downstairs · Walkable streets that lead to SkyTrain and amenities

PRESENTATION CENTRE

AY EW

Presentation Centre: 5540 Hollybridge Way, Oval Village Richmond Open Daily 12-5pm except Fridays

YB LL

· A Dare to Compare checklist showing that Cadence offers more

VISIT RICHMOND’S HOTTEST COMMUNITY TODAY.*

· An energized location in the Richmond Oval Village

CADENCEBYCRESSEY.COM 604.276.8683

This is not an offering for sale. Any such offering can only be made with a Disclosure Statement. E.&.OE.

*Ask us about our one-of-a-kind Penthouses with rooftop decks.

LANSDOWNE RD TR D

· Richmond’s healthiest homes with fresher air, purer drinking water

· More storage. More space. More room to move

1, 2 & 3 BEDROOM HOMES. STARTING FROM $304,900

· A chef’s wall. Quartz countertops. Integrated appliances

· The CresseyKitchen™ with a revolutionary walk-through design

OV E

FINAL 8 HOMES

TO DA Y!

LIMITED TIME CLOSE OUT SALE! Building

Suite

Plan

Type

Sq Ft

Sale Price

September Decorating Allowance

Net Price

Azalea

327

A4-alt

1 Bed

647

$298,800

$6,000

$292,800

Azalea

333

2 Bed

830

$374,900

$6,000

$368,900

Magnolia

202

2 Bed

842

$379,900

$6,000

$373,900 SOLD

Azalea

332

2 Bed

896

$384,900

$6,000

$378,900

Azalea

433

2 Bed

830

$384,900

$6,000

$378,900

Azalea

315

C3A

2 Bed

879

$389,900

$6,000

$383,900

Azalea

309

2 Bed

879

$393,300

$6,000

$387,300

Magnolia

327

C3A

2 Bed

884

$394,900

$6,000

$388,900

Azalea

208

C3B

2 Bed

879

$396,900

$6,000

$390,900

OWN WITH ONLY $4,800 DOWN! $88* FOR YOUR SECOND PARKING STALL VISIT OUR NEW ON-SITE SALES CENTRE AND DISPLAY HOME 10880 No. 5 Road at Steveston Hwy, Richmond

Open daily 12 - 6pm, closed Fridays or by appointment liveatthegardens.ca 604.271.3331

Prices and incentives are subject to change without notice. The developer reserves the right to make changes to the information contained herein. E. &O.E.

HOME SMARTS

Condo Ownership:

// BY MARNIE BENNETT

CHOOSING THE RIGHT CONDO

Marnie Bennett owns Bennett & Co., a boutique real estate marketing firm providing a full range of marketing services to developers and builders. Email your questions to mbennett@bennettpros.com

hopping for a new condominium is an exciting process. But, as with all substantial purchases, there are important considerations to be weighed before making your final decision. With this column, I hope to give you a framework for making a wise and informed purchase. Firstly, if you don’t need to move into a new home immediately, you should know that there are significant advantages to buying your condo during a development’s planning stages. In order for a builder to receive construction financing, that builder typically needs to show that 65 to 75 per cent of the suites have been sold. To reach this goal, it’s in the builder’s best

56 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

interest to offer better prices earlier on in the sales process. Buying early can result in substantial savings, and offers the greatest equity growth potential. It also allows you a much wider selection of floor plans and locations within the building. Consider where you want to live. While the most important factor influencing price in real estate is location, this doesn’t mean that the priciest section of town is necessarily the best for your personal lifestyle. Consider proximity to your workplace, and to the kinds of amenities you feel are important, whether that means shopping, restaurants, greenspace or recreational centres. Once you’ve zeroed in on a particular condo development, it’s equally important to consider the location of the unit itself within that development. Examine proximity to the elevator, street noise levels and the quality of the view; often, the higher the floor, the higher the price. This raises the question: how much do you want to pay? Your personal budget may not allow you to buy the penthouse of your dreams. Again, weigh what’s most important to you. Some factors to consider when selecting your suite include functionality of the layout; exposure to natural light; ceiling heights; and access to a balcony or other outdoor space. A development’s curb appeal will affect both the enjoyment of your home and its resale value. The same applies to density – the fewer people sharing your development’s facilities, the better. All condos are not created equal. What’s behind the walls – mechanical systems, for example – is just as important as those things you can see, though admittedly more difficult for a homebuyer to judge. That’s why choosing a builder with a good reputation is crucial. Research prospective builders by gathering information, by visiting existing developments, speaking with current owners and by researching the equity growth of their homes as compared to others. Be sure to check the builder’s Tarion rating. Tarion is a government-regulated organization which licenses all new-home builders in Ontario and provides safeguards to all new-home purchasers. Finally, make sure that the builder has a strong customer service team with extended hours. There’s no denying that buying a home is an emotional process. Just be sure not to let your heart rule your head.

RICHMOND/DELTA/LADNER/TSAWWASSEN

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 57

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

64TH AVE

184TH ST

168TH ST

99a

200TH ST

80TH AVE

160TH ST

152ND ST

144TH ST

128TH ST

120TH ST

112TH ST

72ND AVE

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

58 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 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

SURREY/LANGLEY

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?

Signature Apartments starting from

199

9OO Including Net GST

lingoliving.ca

6O4.727.5478

Lingo. Something to talk about.

Ling Li ing n o

HWY 1O

56 AVE

TO U.S. BORDER

18O ST

6O AVE

5 665 56 6 177 65 7 B St S re r et et Surr Su rrrey ey, BC ey, B Openn Wed, Op Open ed, Th ed Thur huurrs annd W Weeekkennds ds 1-5 -5pm pm m

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 59

All 1 Bedroom Homes $

All 2 Bedroom Homes $

10,000 OFF

20,000 OFF

PLUS GST AND BC TRANSITION TAX INCLUDED. LIMITED TIME OFFER

FINAL OPPORTUNITY TO OWN!!

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: 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

MOVE IN TODAY! CONDOS.COM

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

$198,900

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.

62 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

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:

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

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.

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 63

SEARCH MATCH POST

Vancouver, BC

DOWNLOAD NOW AND FIND YOUR NEXT HOME

RentersGuide.ca

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

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 65

SIMPLY LANGLEY’S

BEST & MOST CONVENIENT 552 - 1,230 Sq FT CONDOS READY TO MOVE-IN SOON

Gorgeous Island kitchen with tall pantry. Quartz or granite countertops, porcelain back splash, under cabinet lighting.

SA LE

Spa inspired ensuite with 5 foot walk-in shower, separate soaker tub, his & her sinks, under vanity motion light.

M O VE -IN

rE AD Y

Full walk-in master closet

Spacious master bedroom

O N

FrOM ThE $180’S TO $380’S

N O W !

MASTER PLANNED COMMUNITY

Larger than average decks to enjoy the green belt

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

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

Even the second bedroom is spacious!

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

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

THE ONLY LANGLEY COMMUNITY THAT HAS IT ALL Presentation Centre, Display Suite and Outlook Club ready for viewing 20211 66Th AVE. LANGLEY BC OPEN MON - THURS 1 - 6PM, FRI - SUN 12 - 5PM (CLOSED FRIDAYS)

ELEMENTSINLANGLEY.COM 604.533.7718 *Prices quoted include the move -in ready incentive and are subject to availability at time of visit and/or to change without notice. E.&O.E. Sales and marketing by Fifth Avenue Real Estate Marketing Ltd. fifthave.ca

SURREY/LANGLEY

UNBEATABLE PRICE UNBEATABLE QUALITY UNBEATABLE LOCATION ONE BEDROOM 585 SF

TWO BEDROOM 840 SF

SAVINGS OF UP TO

FROM $176,900

FROM $242,800

$15,000

Presentation Centre 20068 Fraser Highway Langley Open 12-5pm daily (closed Fridays) and by appointment

604.539.2200

LIV Ea tVA RS IT Y.COM * Developer reserves the right to change the information herein. Renderings and images are approximate only. E. & O.E.

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 67

MORTGAGE ADVICE

// BY ALYSSA RICHARD

WHY YOU SHOULD PAY ATTENTION TO THE BANK OF CANADA

Alyssa Richard is the founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.

very six weeks, you may notice news headlines along the lines of “Bank of Canada holds key interest rate at one per cent.” The articles often discuss the overnight lending rate, how the economy has shaped the central bank’s decision to either change it or not change it, and how the monetary policy has been updated. It’s a lot of information packed into one article, so don’t feel bad if some of it goes over your head at first. However, if you have a mortgage – particularly a variable-rate mortgage – you may want to add a calendar reminder for each of these announcements. Why? Well, because if the overnight lending rate goes up, so could your monthly mortgage payment. To explain how this works, let’s start with some background information. The overnight lending rate is the interest rate at which banks borrow and lend money to one another, to cover the transactions they make each day. Changes to this interest rate can directly result in changes to other interest rates, such as for consumer loans and, you guessed it – mortgages! This is because each bank’s prime rate is attached to the overnight lending rate. So, as an example, if the overnight lending rate goes up by 0.50 per cent, your bank’s prime rate will also go up by 0.50 per cent. And if you have a variable-rate mortgage, which is attached to prime rate, your mortgage rate and payment will follow suit.

If you have a variable-rate mortgage, which is attached to prime rate, your mortgage rate and payment will follow suit Let’s assume you bought a home for $400,000, put down 10 per cent and amortized your mortgage loan over 25 years. If your bank gave you a five-year variable-rate mortgage of prime minus 0.50 per cent (currently that would be 2.50 per cent), your monthly mortgage payment would be $1,651. If, at any time during that five-year term, the overnight lending rate went up by one per cent, your bank’s prime rate – and therefore your mortgage rate – would also go up by one per cent (so you’d be up to 3.50 per cent). At that rate, your monthly mortgage payment would be $1,841, which is an additional $190 per month or $2,280 per year you’d need to find in your budget to pay for. As of the latest BoC rate announcement, the overnight lending rate has sat at one per cent for four years straight, and economists predict it will remain unchanged until at least mid-2015, so you may not need to worry about this for a while. However, the one thing you should be aware of is that interest rates will undoubtedly go up, not down – so you may want to pay attention to what the Bank of Canada says in its announcements, and prepare your budget for what’s to come. 68 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 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 OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 69

SURREY/LANGLEY

TICK, TICK, TICKâ€Ś FINAL COUNTDOWN!

70 NET

INCLUDED

$229,900

HOMES

GST

UNDER

9 HOMES

UNDER

$200,000

OVER 75% SOLD 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.

70 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

SURREY/LANGLEY

Coming this October — the final building @ Verve

Say NO to #FOMO Building 1 sold out | Building 2 60% sold Building 3 sales begin soon — priced from $169,900

Avoid #FOMO REGISTER TODAY! PORTE.CA/VERVE

› NEVER BEFORE SEEN FLOORPLANS › MODERN FINISHES TO BRAG ABOUT › GYM, LOUNGE & GAMES ROOM ALL IN YOUR BUILDING — WHY WOULD YOU EVER NEED TO LEAVE? › JUST A 6 MINUTE WALK FROM KING GEORGE SKYTRAIN

NO DOWN PAYMENT? NO PROBLEM. Our insanely popular flexible deposit program is back @ MAXX. PRESENTATION CENTRE & SHOW HOMES: 13931 Fraser Hwy, Surrey | Open Daily 12–5pm (closed fri)

PORTE.CA/VERVE | 604.588.3783 Pricing and promotion subject to change without notice. Sales by disclosure statement only, E&OE.

Proudly developed by

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 71

CONDO PROFILE

“ THE RIDGE AT BOSE FARMS IS SURREY’S MOST POPULAR COMMUNITY.” - NICOLE CASTLE

THE RIDGE AT BOSE FARMS Bold New Country Lifestyle

// BY SUSAN M BOYCE

t’s been one year exactly since The Ridge at Bose Farms first started pleasantly surprising buyers looking for something unique in a condominium home. And now, the news people have been waiting for is here: the third phase in this one-of-a-kind master planned community is about to be released. “With more than 128 homes sold in just 10 months, The Ridge at Bose Farms is Surrey’s most popular community,” says sales manager Nicole Castle. “And this new release of just 56 homes is located on an absolutely prime part of the property — backing on to the 12-acre heritage forest and overlooking the original Bose homestead, new garden plots and herb gardens as well as the famous Bose Potato Barn. All this, and you’ve got views to the North Shore mountains and across the valley as a backdrop.” Dazzling Lifestyle One look inside, and it’s easy to understand why these homes are a hit with every generation — from first timer urbanites to active downsizers. The feeling is airy and sophisticated, like a contented sigh that says “ahhhh, I’m home.” There’s an intriguing blend of über modernism with the sheer fun of industrial edginess. Hint: elegantly minimalist faucets, warehouse-inspired pendant lighting in chrome, quartz countertops, and high gloss, easy clean cabinetry. 72 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

Harvest at The Ridge Festival Already becoming a social hub with festivities including screening of the Classic Hockey match, a barn dance, and even a wedding proposal party, the restored Bose Potato Barn will once again be a star attraction on Saturday, October 11th, 2014. From noon to 4 p.m., floorboards will be rockin’ to live music at the community’s Harvest at The Ridge Festival. Come on out to experience heritage in the making with games, prizes, and plenty of harvest treats from a local caterer. A great opportunity to learn more about this community and everything these homes have to offer too. Oh and here’s a tease. Roger Bose, a third generation Bose family member who grew up here, will be reading an excerpt from the soon to be released Historic Bose Farm’s Story. This book is a celebration of this iconic Surrey legacy and proud statement of its dynamic new future. Don’t miss this exciting sneak peek. The Ridge at Bose Farms’ presentation centre and display homes are open noon to 5 p.m. daily except Fridays at 16390 – 64th Ave. in Surrey. Priced from $189,900. For more information visit theridgeatbosefarms.com or call 604.888.5514.

SURREY/LANGLEY

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 73

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

74 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 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

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 75

SOUTH SURREY/WHITE ROCK

76 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

Fall in love this season

autumn affair sales event

Live it

PRE-CONSTRUCTION PRICING $7,000 oFF 1 BeDrooM hoMes $10,000 oFF 1 BeDrooM & Den hoMes $15,000 oFF 2 BeDrooM hoMes*

ConDo hoMes at

BY LAKEWOOD

2855 156th street, surrey theheightsliving.ca 778-545-8737 *For a limited time. See site staff for details.

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

5 E BROADWAY MAIN ST

QUEEN ELIZABETH PARK

E 12TH AVE

SW AY

E 33RD AVE

W 57TH AVE

20 W 70TH AVE

R MA

E 29TH AVE

18 3

E 41ST AVE

W 49TH AVE

E BROADWAY

E KING EDWARD AVE

W 41ST AVE

E 1ST AVE

E 49TH AVE

SE MARIN E

1. CAMBRIA

6. TATE DOWNTOWN

11. KEEFER BLOCK

2. LIDO

7. SAIL

12. BOULEVARD PRIVATE RESIDENCES

18. SKYWAY

13. FRAMEWORK

19. CITTI

14. ADDITION

20. N ORTH WEST

15. JADE

21. OPSAL

16. OXFORD

22. 41 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

78 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 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

17. MARQUEE ON THE DRIVE

2250 Commercial St 604.559.2011 2699 Kingsway 604.808.6038

238 W Broadway 604.880.6880 8175 Cambie St. onni.ca

2nd & Quebec 604-876-7333 675 W41sr Ave 41westliving.com

BOUNDARY RD

RIN

AVE

VICTORIA DR

MAIN ST

W BROADWAY

INAL

W 12TH AVE CAMBIE ST

L AL

W KING EDWARD AVE

PACIFIC SPIRIT PARK

DUNBAR ST

W 16TH AVE

W 6TH AVE

OAK ST

OO W

16T

W BROADWAY

2 21

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

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

Above all else

#2303

BALCONY

1775 Quebec St. 2 Bedroom + Den $528,800

LIVING MASTER BEDROOM

W.I.C.

2ND BEDROOM

DINING

BATH W/D

ENSUITE

Approx. Indoor: 730 sq.ft.

KITCHEN

DEN

1 2 3

Sales center open Saturday - Thursday 12 pm - 5pm 604.876.7332 opsalliving.com

10 ft.

N 02 03

04 07 06

This is not an oﬀering for sale. Any such oﬀering may only be made with a disclosure statement. The developer reserves the right to make changes to the information contained herein. E&OE.

VANCOUVER

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 81

CONDO PROFILE

JADE

Boutique Living // BY SUSAN M BOYCE

“l

ook at the size of that deck. It’s huge. And a washer/dryer in my suite? Oh yes! I think I just found my perfect home.” The woman in Jade’s presentation centre is looking at a top floor apartment home on the scale model. Her smile says even more than her words as she heads toward the wallmount floorplans to take a look at the layout of the suite that’s captivated her heart. “I’m going to get $10,000 off the price plus I’ll be able to walk to work at Langara… bonus.” Okay, so I’m already thinking big time cycling routes right outside the door, but she’s right — this is one very central, very dynamic location. Which is likely why Daniel Sidhu says people who already live in the Fraser neighbourhood are thrilled by this boutique collection of just 29 homes. “It’s five minutes to the Canada Line, Oakridge, two community centers, schools, and a ton of restaurants. When you think about it, you really don’t need a second car, or even a car at all.”

Sizzling Style A quick look at the kitchen vignette reveals these homes are packed with classy, intelligent design. Sure there’s the obvious: white Shaker cabinetry, elegant glass subway tile backsplash, stainless steel appliances. But there’s also plenty of details you might not truly appreciate till you’re moved and settled in: soft close on upper and lower cabinetry — oh the quiet — extra-deep industrial chic sink, and one of my favourites, under-cabinet puck lights so I can really see when I’m prepping my next culinary experiment. Around the corner, I hear a soft exclamation of delight. The Langara lady has discovered Jade’s square, rain forest showerhead in the ensuite. I have to agree, it looks awesome — just the thing for a wake-me-up quick morning refresher or wind-me-down relaxer at the end of a long day.

“ I THINK I JUST FOUND MY PERFECT HOME.” POTENTIAL JADE BUYER

presentation centre in mid-November, we’re offering $10,000 off the price of every suite.” Meaning if you hurry, a good deal really did get even better. Right this minute, though, it’s getting close to lunchtime so I’m going to hurry on over and check out one of those restaurants. Now if I could just decide between sushi, curry, or a good old-fashioned hamburger… Jade is located on the northeast corner of Fraser Street and 43rd Avenue. Presentation centre open noon to

Get One While They’re Hot “Our pre-construction pricing is already an incredible value in this market,” Daniel says. “But from now until we close our 82 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

5:00 p.m. daily except Fridays at 5965 Fraser Street. Pre-construction pricing from $319,900. For more information visit liveatjade.ca or call 604.336.5233.

SAVE $10,000!*

Jade is a rare find. The new social hub. Jade is a rare find. The 29 boutique residences are comfortable, stylish and affordable. The neighbourhood is well established and quiet. And the central location at Fraser and 43rd is perfect. Oakridge Mall and the Canada Line are just minutes away. Simple yet elegant, Jade is an opportunity to get exactly what you want. PRESENTATION CENTRE 5965 Fraser Street, Vancouver.

Open Daily (except Fridays) 12-5 PM. 604.336.5233 | liveatjade.ca

*Limited time only. The developer reserves the right to make modifications or substitutions to information contained herein. Dimensions, sizes, specifications, layouts, materials and prices are approximate only and subject to change without notice. E.&O.E

jade_newhomebuyerad 10

14-09-09 10:34 PM

NEIGHBOURHOOD SPOTLIGHT

HISTORY, CULTURE, ARTS AND FOOD Chinatown embodies the best of everything Vancouver has to offer // BY SHAWN CONNER

A FEW YEARS AGO, some enterprising folks

decided it was time to give Vancouver’s long-running Chinatown night market an overhaul. The food and trinket stalls could stay, of course. But alongside those market standbys, the new night market would introduce some innovations designed to draw a younger, hipper crowd. Suddenly, the inner-city event was host to kung fu movies screened on the sides of buildings, ping pong demonstrations, and sale items other than cell phone covers. The new night market was unveiled in the

84 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

summer of 2013, and doubled the attendance of the previous year. It also signaled a transformation that was already happening in the area, and which has only ramped up since. While vegetables, fruit and fish spill out from numerous side-street storefronts, as they have done for decades, other aspects of the neighbourhood are decidedly shiny and new. Bars, restaurants and condo developments have been proliferating at a pace that has both residents and passersby doing double-takes, and trying to recall: what was there before? They have good reason to ask. Chinatown’s history is rich and exotic, and there’s always the chance that the next new business that goes up might replace a remarkable, historical gem. Originally settled in the late 1800s by Chinese workers brought

to Canada to build the Canadian Pacific Railway, Vancouver’s Chinatown is one of the oldest (and is the second largest) in North America. In the 1970s and ‘80s the area boomed, but growing problems from the neighbouring Downtown Eastside, like poverty, drug addiction and crime, seeped into the area. However, more recently, a diverse group of entrepreneurs, artists and developers have been turning things around. More often than not, they — like the organizers of the refurbished night market — are careful to respect the neighbourhood’s roots, while bringing something new.

Recent developments in the area include Ginger, a (sold-out) 78-home development that uses Asian motifs such as a floating abacus and red dragon wall in the building’s main entry. Another Porte development, Framework, uses architectural design like cascading rooftops to blend in with existing structures. “We wanted it to fit in with the area,” Jeanette Chaput, Director of Marketing & Sales for Porte, said. “So we did the brick façade to tie in with the buildings next to it.” Due for completion this year, Framework has 61 homes. Fifteen have already sold so far. “It’s mostly younger to middle-age professionals, and people already living in Vancouver,” Chaput said of buyers into the building. “They’re a bit more creative and they like that the area’s a bit edgy, and developing. And they appreciate the size of the homes, which are bigger and at a better price-point than you’d normally get in Vancouver.” Solterra’s Keefer Block is home to 81 boutique one-, two- and three-bedrooms. It features the kind of amenities young urban professionals might be looking for — a rooftop community space with an outdoor movie theatre, community gardens, a dog wash station and a bike repair station. (Chinatown is near Strathcona, Gastown, downtown, the Sea Wall and the Main Street SkyTrain station — which makes vehicle ownership, unless you commute, pretty much unnecessary.) People moving into the area are coming for the location, the history, and for the neighbourhood’s vibrancy. It helps that several of the city’s coolest cafes, shops and bistros have opened up there in recent years. Residents and visitors can enjoy craft beer at the Caffé Brixton and the London Pub. Bao Bei Chinese Brasserie is Chinese nouvelle cuisine. The Keefer Bar caters to the night-time cocktail crowd, while Fortune Sound Club hosts national and international musical acts, from indie-rock bands to DJs and hip-hop crews. Those seeking more traditional fare will find it at Hon’s Wun-Tun House and New Town Bakery and Restaurant, along with fresh food from the many nearby grocery stores. For quirk, there’s the Jimi Hendrix Shrine, a small, makeshift tribute to the rocker who, as a child, would visit his grandmother in the area once known as Hogan’s Alley, which borders Chinatown. For all its hectic pace, Chinatown is also home to the Dr. Sun Yat-Sen Classical Chinese Garden, an urban oasis where tourists and locals can find a moment of peace minutes from downtown. Chinatown has its boosters, including real estate marketer and art collector Bob Rennie, who has made OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 85

Chinatown the home of both his office and his private gallery, the Rennie Collection. He explains, “Being an Eastside boy myself, I know that Chinatown can never go back to being the Chinatown of my youth. However, I wanted to be a part of the stabilization of one of the most important architectural and cultural precincts in my city. The unique feature of Chinatown is that there are no “super blocks,” forcing all of the new merchants to be small, independent and often find creative used for the space available. It’s really the ultimate walking neighbourhood.” Filmmaker Julia Kwan, who also grew up nearby in East Vancouver, has made a documentary, “Everything Will Be”, about the neighbourhood. The film, which will screen at this year’s Vancouver International Film Festival, features interviews with over a dozen Chinatown residents. Kwan told a local publication in September, “I used to spend every weekend there, because my parents worked in Chinatown. She [Kwan’s mother] would introduce people, saying ‘This is your aunt and uncle’…[even though they were] not related. There was this great sense of community and I really miss that and I really wanted to talk about that in the film and show the sense of community that’s changing.” The challenge, as Kwan, developers and residents both new and old know, is to retain Chinatown’s sense of community and identity, while pulling it into the 21st century. That’s something the organizers of the new night market grappled with, and successfully — to an extent. Though attendance increased, the night market didn’t reappear in 2014. Organizers sited the prohibitive expense vendors faced in setting up and tearing down each night. However, it might return in 2015. If so, there’ll be plenty of new residents to appreciate it.

86 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

VANCOUVER

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 87

NEW DISPLAY SUITE OPENING SOON

LIVE DOWNTOWN FROM $327,400. TRANSPORTATION INCLUDED* Donâ€™t miss this unique opportunity to own at 999 Seymour at Nelson. A select group of new urban homes are still available in the heart of downtown Vancouver, where everything is quite literally, at your door. Move in this fall for as little as 5% down.*

CALL 604.879.9996 | 999SEYMOUR.COM * Your new home purchase at 999 Seymour includes a new urban bike and a one year membership to zipcarÂŽ *Prices and incentives are subject to change without notice. The Developer reser ves the right to make changes or modifications to the information contained herein. Completion is estimated for Fall 2014 and subject to change. See sales rep for details. E.& O. E.

Above all else

#2205

1775 Quebec St. DINING

MASTER BEDROOM

2 Bedroom + Den $558,800

LIVING

BALCONY

ENSUITE

KITCHEN

2ND BEDROOM

ENCLOSED BALCONY

BATH W/D

Appox. Indoor: 815 sq.ft.

DEN

1 2 3

Sales center open Saturday - Thursday 12 pm - 5pm 604.876.7332 opsalliving.com

10 ft.

N 02 03

04 07 06

This is not an oﬀering for sale. Any such oﬀering may only be made with a disclosure statement. The developer reserves the right to make changes to the information contained herein. E&OE.

WE DARE YOU TO COMPARE! FROM $499 PSF AT WALL CENTRE CENTRAL PARK

$800 PSF IN DOWNTOWN 路 $625 PSF AT METROTOWN

FINAL PHASE

TOWER THREE NOW SELLING TOWERS 1 & 2

SOLD OUT

ONE BEDROOMS FROM JUST $249,900

INCLUDING PARKING!

168 HOMES UNDER $299,900 HERE ARE SOME EXAMPLES OF THE INCREDIBLE VALUE

SUITE

TYPE

PLAN

PRICE

301

1 BEDROOM

B13

417

$229,900

911

1 BEDROOM + F + EB

539

$270,900

1501

1 BEDROOM + F

473

$273,400

1806

1 BEDROOM + F

496

$275,900

2607

1 BEDROOM + F

501

$296,900

3109

2 BEDROOM

743

$490,900

715

1 BEDROOM + F + EB

578

$302,900

3203

2 BEDROOM + DEN

841

$522,900

SUITE

TYPE

PLAN

PRICE

PH2

1 BEDROOM

524

$335,900

3202

1 BEDROOM + EB

579

$345,900

614

2 BEDROOM

D13

659

$355,900

1101

2 BEDROOM + F

802

$452,900

NOW SELLING AT BOUNDARY & VANNESS WALLCENTRECENTRALPARK.COM 604.874.9232

MANAGED BY

MARKETED BY

OPEN DAILY 12-5PM

CLOSED FRIDAYS

THE DEVELOPER RESERVES THE RIGHT TO MAKE CHANGES CONTAINED HEREIN. SPECIFICATIONS, SIZES, FEATURES, FINISHES, LAYOUTS, PRICES, AND AVAILABILITY ARE SUBJECT TO CHANGE WITHOUT NOTICE. RENDERINGS AND MAPS ARE REPRESENTATIONAL ONLY AND MAY NOT BE ACCURATE. THIS IS NOT AN OFFERING FOR SALE. E.&O.E.

FO OVERHEIGHT CEILINGS IN ALL SUITES

LES

IEW

AIL

N-

IN FALSE CREEK

KITCHEN

G ENIN G P O D N GRAN 8! STARTI OCT 1 89,900! $2

• GERMAN BLOMBERG & ITALIAN FULGOR MILANO APPLIANCES • REAL EXOTIC WOOD VENEER CABINETS WITH SOFT CLOSE DRAWERS • ELEGANT & TIMELESS VICOSTONE QUARTZ CARRARA COUNTERTOPS

SEAWALL, AQUABUS, SECONDS TO DOWNTOWN, HEART OF THE VILLAGE 100% CANADIAN BEAULIEU LAMINATE FLOORS

BE A VIP REGISTER NOW!

A TRUE WATERFRONT COMMUNITY LOCATION! SELECTION OF 100 HOMES FROM $319,000 - $459,900

TowerGreenLiving.com VIP REGISTRANTS – COME IN TODAY FOR VIP EARLY BIRD PRICING, SELECTION OF HOMES IN ADVANCE OF THE GRAND OPENING DAY & SPECIAL PROMOS! THE HOTTEST NEW PRESALE DEVELOPMENT IN FALSE CREEK!

DON’T MISS OUT - THIS IS ONE OF THE LAST AFFORDABLE WATERFRONT COMMUNITY OPPORTUNITIES IN FALSE CREEK! HERE’S WHY YOU SHOULD OWN AT TOWER GREEN AT WEST FALSE CREEK – Real Facebook Posts for Tower Green at West: “Everything you want in a great location: Views, patios, parks, seawall!” ~ M. S. “...I wake up every Saturday morning and head over to Terra Breads and grab an Americano and walk my dog along the seawall,..”~ E.C.

PHASE 2 TOWER GREEN AT WEST Central. Sustainable. Unequalled Value. In False Creek Vancouver Phone - 604.707.9378 | 195 West 2nd Ave. Vancouver, BC E: Info@towergreenliving.com | www.TowerGreenLiving.com 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

better design. bigger homes. T H E NEW FR A M EWORK F O R E A ST SIDE UR BA N

231 PENDER

porte.ca/framework 604.620.6223

presentation centre & 1+ flex showhome: 626 main street open daily (closed friday) from noon â€“ 5pm

*GST promo is a savings of 3.2% - a savings of up to $17,000 depending on the purchase price of the home, see sales team for details. Promotions are subject to change or end without notice. Sales by disclosure statement only, E&O.E. Framework homes are developed by Porte Development and Marketed and sold by Porte and RE/MAX Ken Leong.

92 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 2014

GST PROMO NOW ON* for a limited time studios from $264,900 1+ flex from $319,900

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

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 93

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.

94 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 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 OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 95

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 96 METRO VANCOUVER NEW CONDO GUIDE OCTOBER 3 - 17, 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

15 West HR 604.980.9949 From $340,000 221 East 3rd LR Coming Soon x61 LR x61living.com 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 Tatlow LR info@tatlowliving.com Coming Soon 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 778.846.3200 604.460.6601

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

LR LR LR LR LR LR LR HR 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 Penthouse (PH)

From $199,900 From $246,900

HR HR

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

TH/LR TH LR

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

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

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

SURREY

PORT COQUITLAM

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

604.351.3261 604.464.4764

RICHMOND

PITT MEADOWS

LR LR

PORT MOODY

NORTH VANCOUVER

Cedar Downs Liv42

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

Spring Valorie on the Park

3 Civic Plaza Ascend Balance Connect Esplanade at Waterstone G3 Residences Latitude Lingo Lumina

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

City Home (CH)

High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

Loft (LO)

Townhouse (TH)

OCTOBER 3 - 17, 2014 METRO VANCOUVER NEW CONDO GUIDE 97

PROJ ECT

Manarola 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

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

604.825.1038 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

From $179,900 Incl. GST 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

41westliving.com 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

Coming Soon

Live Work (LW)

604.568.7551 Call 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

LR 604.943.8811 Call SF/LR 604.948.HOME Call

Galleries on the Bay

WEST SIDE

5555 Dunbar LR 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

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

41 West

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

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