Nov 30 - Dec 14, 2012 Volume 02 Issue 24
1 & 2 BEDROOM APARTMENTS AT MAIN & KING EDWARD NOW SELLING
INSIDE THIS ISSUE
PAYING FOR THE PERKS OF CONDO LIVING
HOW TO GET YOUR HOME “HOLIDAY READY”
BUYING A CONDO: WHO YOU NEED ON YOUR TEAM
NOV 30 - DEC 14, 2012 METRO VANCOUVER NEW CONDO GUIDE 3
ElEvatEd living. Down to earth pricing.
108 AVE UNIVERSITY DRIVE
N 104 AVE 133 ST
SKYTRAIN 7 min. walk
4 METRO VANCOUVER NEW CONDO GUIDE NOV 30 - DEC 14, 2012
LIVE IN PERFECT BALANCE
NOV 30 - DEC 14, 2012 METRO VANCOUVER NEW CONDO GUIDE 5
tABLE OF CONtENtS
november 30 to december 14, 2012 Volume 2 issue 24
BLUETREE HOMES ON MAIN STREET
Modern design, vintage style
colUMnS, neWS & feATUreS 012 editor’s note COLUMNS
050 condo sense What to expect from Vancouver’s real estate market in 2013 by cameRon mcneILL
068 QuicK tiPs Taking time for yourself will give you peace of mind by HeLLen buTTIGIeG
064 condo Poll Canadians don’t mind paying for the perks of condo living
048 PurchasinG Points Buying a condo: who you need on your team
032 industrY insider The great debate: buy or rent? A Q&A with Hani Lammam of Cressey Developments 036 Your stYle Style tips to get your home ready for the holidays by HeaTHeR seGReTI
008_010 Van TofC.indd 8
062 Finances When living together means living better 072 condo Watch Condominium homes to keep your eye on by susan m boyce
073 homeBuYers’ resource section
026 Burnaby 034 Pitt Meadows/ Maple Ridge 038 Surrey/Langley 056 South Surrey/ White Rock 060 North Shore 066 Tri-Cities 070 Abbotsford/Chilliwack
076 listinG directorY
11/27/12 5:13:29 PM
West Vancouver North Vancouver
YVR Surrey Richmond Langley Delta
O NE B ED T WO BED
682 S F 736 S F 830 S F
$289,900 $319,900 $390,900
T WO BED + DEN
O NE B ED + OFFICE
T H RE E BED + TOWNHOMES ALSO AVAILABLE
nov 30 - dec 14, 2012 metro vancouver new Condo Guide 9
Vice-President, Wall2Wall Media
Jacqueline Hill Editor-In-Chief, National Real Estate
Susan Legge Director of Sales, Western Canada
Josh Heppner Art Director
Janine Druery Lydia McNutt (on leave) Contributing Editors
Wayne Karl Elisa Krovblit Silvana Longo Sara Duck (on leave)
An innovative residence in the Mount Pleasant neighbourhood
by susan m boyce
Dave Bird 604.319.7102 Brenda Everitt 604.319.7103
A sophisticated, distinctive building at the corner of Granville and Drake by susan m boyce
Justin Salvador Ranee Pal (on leave)
22 Production Manager
Bala Gnanapandithan Production Co-ordinator
Now well under construction in Surreyâ€™s Panorama Ridge neighbourhood
by susan m boyce
National Account Manager, Mediative
A New-York inspired condominium community in Langley by susan m boyce
Wall2wall Media is a Trademark of Yellow Pages Group Co. in Canada.
4180 Lougheed Highway Suite 102 Burnaby BC V5C 6A7 T. 604.519.6080 F. 604.519.6088
54 Call 416.626.4200 for Âadvertising 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.
The views and data expressed by columnists do not necessarily represent those of the publication. homeTRADER and The homeTRADER & Design are trade-marks of Apax Partners LLP, used under license.
008_010 Van TofC.indd 10
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Barnet Hw y
COQUITLAM CENTRE MALL
nov 30 - dec 14, 2012 metro vancouver new Condo Guide 11
A long-term commitment will afford you
PEACE OF MIND
Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge Like us on facebook search: Condo Guide
Whether you’re relocating from one coast to the other or moving to your first place, changing homes can be hectic, exciting and certainly stressful. But, relax. You can eliminate the anxiety associated with moving by taking control of the situation with confidence. Understanding the market is just part of the story. Knowing what you need and what you can afford is the more important part of the equation. Making a prudent purchasing decision that doesn’t keep you up at night
when interest rise or market news becomes the talk of the town is up to you. Any expert will tell you that buying a home or condo is a long-term commitment. This issue is full of great tips from the experts as well as the latest news designed to help you make a wise purchasing decision. Along with our Condo Profile features, which outline the specifics on many fine communities, there’s lots to take in – so kick back, relax and enjoy. You’re in the driver’s seat.
What do you need in
YOUR NEW CONDO?
Wall2Wall Media Janine.Druery@wall2wallmedia.com Follow me on Twitter at Twitter.com/JanineDruery
Buying a condo means making a lot of important decisions. And with all of the options in today’s market, the choices can be pretty overwhelming. Yet, thinking very clearly about the kind of home you’d like to buy is of the utmost importance. To get you ruminating about it, the Canadian Mortgage and Housing Corp. has some good questions on its website (cmhc.ca). These will help you get a better picture of the condo you’d like to buy. For instance: SIZE How many bedrooms and bathrooms do you need? Do you need space for a home office? What kind of parking facilities do you require?
FEATURES Do you want air conditioning? Do you want storage or hobby space? Is a fireplace or a swimming pool high on your list? LIFESTYLE/STAGES Do you plan to have children? Do you have teenagers who will be moving away soon? Are you close to retirement? Will you need a home that can accommodate different stages of life?
While you may not get every little thing you want in your new condo, make sure you do get what you need. And ensure your home is flexible enough to change with your requirements in the future.
12 METRO VANCOUVER NEW CONDO GUIDE NOV 30 - DEC 14, 2012
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WEST BROADWAY WEST 10TH AVE
WEST 4TH AVE
NOV 30 - DEC 14, 2012 METRO VANCOUVER NEW CONDO GUIDE 13
va n c o u v e r | d o w n t o w n va n c o u v e r
3 W BROAD WAY
E 1ST AVE
W 12TH AVE KI
W 6TH AVE
E 12TH AVE
E KING EDWARD AVE
QUEEN ELIZABETH PARK
E 33RD AVE
E 29TH AVE
W 41ST AVE
E 41ST AVE
W 57TH AVE
W 49TH AVE
E 49TH AVE
W 70TH AVE
1. THE residences at west
195 West 2nd Ave 604.707.9378
1777 West 7th Ave 604.737.0360
3. cambie & 7
Site: 538 W 7th Ave Sales Office: 6787 W Broadway 604.568.5060
4. wall centre central park Boundry Road & Kingsway 604.874.9232
5. collection 45 Main Street & 8th 604.569.1555
2588 Collingwood St (W Broadway) 604.588.3399
E Hastings and Penticton Street 604.251.2522
14 metro vancouver new Condo Guide nov 30 - dec 14, 2012
2nd & Quebec Street 604.876.7332 2488 Bayswater Street (Bayswater and Broadway) 604.739.8880
108 - 3479 Westbrook 604.221.8878
4th Ave. & Fir 604.731.5522
2065 W12th Ave 604.892.7712
13. meccanica First & Quebec 604.876.8819
1305 Burrand St. amacon.com
SE MARIN E
15. bluetree homes on main street King Edward & Main 604.877.1116
16. 5555 Dunbar
5587 Dunbar (North of 41st) 604.568.7551
Cambie & Marine 604.638.9998
428 West 1st Ave 604.893.8328
19. keefers block Keefer St & Main St 604.682.8813
Renfrew & 2nd Ave 604.253.8888
Site Address: 625 Rolston Presentation Centre: 140 - 1265 Granville Street 604.688.8297
W KING EDWARD AVE
PACIFIC SPIRIT PARK
W 16TH AVE
TE R M
W 10TH AVE
W 4TH AVE
JERICHO BEACH PARK
BR ST WE
E HASTINGS ST
BURRARD INLET NW M
OW N I N K I T S F O R LE S S T H A N YO U ’ D PAY I N R E N T
ALL STUDIOS NOW $299,900
PRESENTATION CENTRE 1705 BURRARD AT WEST 1ST · OPEN DAILY 12-5PM, CLOSED FRIDAYS *Based on 25.8% down payment, 25-year amortization with 1-year fixed rate. Interest rates effective as of October 15, 2012, and are subject to change without notice. Interest is calculated semi-annually, not in advance. All mortgage products are offered by Royal Bank of Canada and are subject to its standard lending criteria. Developer reserves the right to make changes and modifications to the content contained herein without prior notice. E.&O.E.
nov 30 - dec 14, 2012 metro vancouver new Condo Guide 15
BLUETREE HOMES ON MAIN STREET Modern design, vintage style // BY SuSAn M BoYce
16 MeTRo vAncouveR neW condo guide nov 30 - dec 14, 2012
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fReSh And livelY, with a quintessential joie de vivre, Mid Main is a neighbourhood like no other. Here, antique and vintage clothing stores rub shoulders with 21st century furniture designers and award-winning eateries. Everyday objects like mailboxes or fence posts are often cleverly transformed into playful works of art and even a stroll through the local grocery store is a celebration of Mid Main’s much-loved ethnic diversity. And now here’s the best part. Bluetree Homes is coming to the ’hood. Introducing Bluetree Homes on Main Street — 39 apartment homes with contemporary style, outgoing attitude, and an authentic connection to the existing community at Main and King Ed.
hoMe FoR liVinG Stepping into the Bluetree Home Store, I experience one of those “aha” moments that comes from the combination of forward thinking design and a sense of pure welcome. Floorplans and images are suspended along a red brick feature wall made of the same brick that will eventually clad the building — a sneak peek, in other words. There’s a scale model where I can see the ingenious pop-up roofline that gives the southeast corner suite a soaring 13-ft. ceiling as well as the fact this building will have some truly dazzling decks and balconies. “The building design has allowed us to create some extraordinary outdoor living spaces,” says Yosh Kasahara, general manager of sales and marketing. “Even the smallest homes come with a balcony large enough for a barbecue as well as a table and a couple of chairs.” Still, it’s the kitchen vignette at the far end that absolutely sings to me. “We built this kitchen for the buyer who loves to cook and entertain,” Yosh says. No kidding. Huge centre island with integrated microwave, separate chimney hood fan,
“I love this neighbourhood so much, I decided to buy here myself.” YoSh KaSahaRa GM Sales and Marketing, Bluetree homes
and full 36-inch wide fridge with water and ice dispenser — this beauty has it all. “Every design decision is made with livability in mind and as a response to what our buyers tell us is important to them,” Yosh continues. “For example, every home comes with one or two secure parking stalls — a feature that’s getting increasingly rare. Yes, our buyers tend to like riding their bikes or taking transit because it’s so convenient, but they’ve also told us they still need a place for their car.” And here’s a cool bonus — or perhaps more accurately, a hot bonus — one I haven’t seen in an apartment building before. In addition to the car wash area in the back lane, the parkade has a Dog Wash Station with shower wand plus hot and cold running water. So after those muddy afternoons in the park, you can wash off your four-footed friend’s paws in comfort — no need to track all that dirt through your home.” Now that’s smart planning. nov 30 - dec 14, 2012 MeTRo vAncouveR neW condo guide 17
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Savour the Mid Main Food Scene Think you know Mid Main eateries? Well here are a few gems we’re betting every foodie will want to discover… or rediscover: The Reef Jamaican-themed hipster vibe;
serving an amazing brunch.
Splitz grill Custom-built burgers and
the best veggie burgers in town.
Acorn Gourmet vegan dishes with
a seasonal twist.
Crave Cool spot on hot summer nights, their garden patio is one of the city’s best-kept secrets. Locus From early bird brunch to après
— 37 eateries, 29 boutique shopping Rare Value venues, plus recreation, schools and Yosh stresses that with affordability services. We spend a few minutes up front and centre in buyers’ minds, trading notes on some of our favourites Bluetree Homes on Main Street is even and agree it would take months to more than a great looking building, it’s try all the different cuisines nearby. great value, too. “You can’t look solely Oh, and here’s a cool stat: of the 37 at the price tag when you’re discussing dining restaurants listed, more than affordability, you have to consider price a dozen of them are multiple award per sq. ft. and how much space you’re winners of accolades like the Golden actually getting. We’ve got large, onePlate Awards and Best of Vancouver bedrooms with den priced at less than $575 per sq. ft., and two bedrooms at well list. “This area could very well have the under $600 per sq. ft. You simply don’t highest concentration of top-ranked see those kinds of prices often in this area restaurants in the city,” Yosh says. He — especially for a brand new home.” grins. “I love this neighbourhood so much, I decided to buy here myself.” The “Main” Attraction Before I leave, Yosh suggests we pop “Mid Main is a neighbourhood many across the street to Hawker’s Delight so Vancouverites think they know, but I can sample the veggie fritters that are there are so many hole-in-the-wall always hot, fresh, and waiting for take shops and restaurants, it’s really still out. “This restaurant is famous for its somewhat undiscovered. Best of all, authentic Singaporean/Malaysian street food,” he says as we squeeze into the you have everything right at your tiny shop and snag one fritter each for doorstep — just look how many amenities you’ve got within a five-block the astonishing price of just $1.12 for walk,” Yosh says pointing to a map both. I take a bite, and realize it might on the Home Store wall. actually be difficult to choose between Even though I’m one of those folks cooking at home in that amazing kitchen or simply eating out every who thought I knew Mid Main, I’m evening. Decisions, decisions. astonished by the number of dots
theatre snacks, you never quite know what’s going to be fresh on the menu.
Portland Craft Raise a glass to celebrate
craft beers from Portland, Oregon.
Trilussa Focaccia breads and
zakkushi Tucked behind the unassuming
storefront is gourmet Japanese cuisine and a funky ambiance. Great for first dates and special occasions — like the fact it’s Tuesday.
East West market Right across the street, a place for everything from local veggies and milk to ethnic foods. Great prices, too. Continental Sausage The name says it all when it comes these homemade, artisan goodies.
Bluetree Homes on Main Street is located at Main St. and King Edward Ave. in Vancouver. The Bluetree Home Store is now open next to Windsor Meats at 4118 Main St. These one- and two-bedroom apartment homes are priced from $354,900. For more information visit bluetreehomes.ca or call 604.877.1116.
18 metro vancouver new Condo Guide nov 30 - dec 14, 2012
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PRINCE EDWARD ST
You Can Really LIVE Here
E 20th Ave
E 21st Ave
E 22nd Ave
E 24TH AVE
e king edward ave E 26TH AVE E 27TH AVE
Bluetree Home Store
Hillcrest Community Centre
E 29th Ave
E 26th Ave
E 27th Ave
E 28th Ave
E 29th Ave
an hi ot dl mi
Prince Edward St
W 29th Avenu
E 28TH AVE Home Store open daily 12-5 4118 Main St., Vancouver 604-877-1116
e B E.&.O.E. Prices are subject to change without notice. HST not included.
See more at bluetreehomes.ca
E 23rd Ave
St. George St
Spacious floorplans from $354,900
E 23RD AVE
Rare opportunity to own in the heart of Mid Main. Restaurants, cafĂŠs at your doorstep. Heritage inspired architecture, modern finishes, private decks, 1 or 2 parking included.
1 & 2 BED APARTMENTS
E 29th Ave
on main street
Innovative. Thoughtful. Authentic.
// by Susan M Boyce
ake a walk along East 8th just west of Main and there’s forward-thinking homes that meet the needs of no way you could miss Collection45. Now well under sophisticated, art-savvy buyers looking for exceptional construction, the first of this residential building’s quality. This promotion is just another way we’re going the 3-D architectural pop-outs is clearly visible on the extra mile to help people get into the home they really want.” southern façade giving a real-life preview of Collection45’s design. The look is distinctive, dramatic, with just a hint of Innovative by Design the artistic whimsy and creative vibe the Mount Pleasant Inside, Collection45’s attention to detail is omnipresent. neighbourhood is best known for. Even an everyday detail like the hood fan is exceptional — “It’s always fun watching a building actually come out of built by Faber, it’s one of the most powerful residential the ground, especially when it’s so totally different from models available, yet it boasts an über modern, cylindrical anything else,” says sales manager, Nicole Castle. “And you design that makes it seem more like a piece of art. should see the views. Even now, when we’re only at the Plus there’s Collection45’s innovative scissor suites third floor, it’s amazing how far you can see to the east, — two-level, interlocking homes with views of the north, and west.” downtown cityscape and North Shore Mountains from main living areas and the tranquility of a southern Own for Less exposure for the bedroom wings. As a bonus, because But it’s not just the building and views getting lots of these homes span the width of the building rather than attention. “We’ve just introduced our brand new Five-Inbeing stacked, a central corridor is no longer needed. Five promotion, and buyers have been delighted,” Nicole Result: almost 100 sq. ft. of interior space is reclaimed in says. In a nutshell, this time limited opportunity means you each home. can own at Collection45 for just 10 per cent down — five within seven days of signing your contract, and a further Collection45 offers 45 boutique homes at 125 East 8th Ave. in Vancouver. Presentation centre open by five per cent six months later. appointment only at 124 East Broadway. Priced from “Typically buyers are required to put 20 per cent down to $279,900. For more information visit collection45.com buy a home — which can be hard to come up with,” she or call 604.569.1555. explains. “Collection45’s mandate was always to create
20 metro vancouver new Condo Guide nov 30 - dec 14, 2012
020 CP collection 45-JD.indd 20
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Starting at $258,000 Own with just 5% Down* ACTUAL VIEW FROM 3RD FLOOR
FINALIST FOR 6 PRESTIGIOUS GEORGIE AWARDS
Construction well underway!
Move-in Oct 2013
Don’t miss your chance to own a home in Vancouver’s most innovatively designed building with breathtaking views of the City!
COLLECTION45.COM PRESENTATION GALLERY · 604.569.1555 124 E BROADWAY · OPEN DAILY NOON TO 5PM
604.583.2212 Sales and marketing provided by Fifth Avenue Real Estate Marketing Prices and incentives are subject to change without prior notice. Prices quoted exclude HST. Own with 5% down applies to an initial payment of 5% and the balance of the deposit paid in equal installments over 5 months. See sales representative for details. E.&O.E.
NOV 30 - DEC 14, 2012 METRO VANCOUVER NEW CONDO GUIDE 21
THE ROLSTON Original lives here // BY SUSAN M BOYCE
ancouver meet The Rolston. Rolston meet Vancouver. Now let the love affair begin. Less than a year away from move in, at the corner of Granville and Drake, The Rolston is realworld proof that Vancouver homebuyers appreciate a sophisticated, distinctive building — a building you might even describe as having a somewhat flirtatious nature. Dramatic pop-outs and panels of coloured glass give the façade a whimsical look that’s at once playful yet intriguing. Windows are big, bold and bright hinting at sun-drenched interiors no matter what level you choose to call your own. “This is definitely a very cool-looking residential tower that’s not afraid to express itself architecturally,” says Bill Morrison, partner at Pilothouse Real Estate Marketing.
“THIS IS DEFINITELY A VERY COOLLOOKING RESIDENTIAL TOWER THAT’S NOT AFRAID TO EXPRESS ITSELF ARCHITECTURALLY.” BILL MORRISON
MAKE A STATEMENT
“The people who live at The Rolston have chosen to do so OUTDOOR EXPERIENCE because of the building’s location and because of the Wondering about outdoor spaces? Well good thing you statement it makes. This isn’t an ordinary structure; this is asked, because The Rolston is going to have lots. First an architectural statement and they want to be part of that,” there’s your private balcony — great for kicking back with a Morrison says. “There’s so much coming to the midtown glass of something cool on a sunny, summer evening. Of neighbourhood — more residential, new commercial, new course, you could also head to the 2,500-sq.-ft. sky garden retail — but The Rolston is the first one, the trendsetter.” on the16th floor podium. Mind you, if you prefer loftier “Trendsetting” is definitely part of the lexicolon at views, The Rolston’s rooftop park is the place to be — 4,000 the recently opened presentation centre. On the “foodie sq. ft. with outdoor kitchen, lounge area, and even alert scale”, the kitchen vignette display ranks top marks: community garden plots. high gloss cabinetry in contemporary charcoal grey, white quartz countertops, and a dazzling teal backsplash The Rolston is located on the northeast corner of Granville and Drake. Presentation centre now open in subway glass tile. Even if you’re not a foodie, this space noon to 5 p.m. Saturday through Wednesday (closed could change your mind. Thursday/Friday) at 140 – 1265 Granville St. Prices for And be forewarned, you might have to restrain yourself these one- and two-bedroom homes start at $349,900. from comfort testing the ensuite soaker tub because it’s For more information visit therolston.com or call deep. Beautiful too, with a white surround and vertical 604.688.8927. racing strip of teal to match the kitchen. 22 METRO VANCOUVER NEW CONDO GUIDE NOV 30 - DEC 14, 2012
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YOUR BEST SOURCE OF REAL ESTATE INFORMATION TO BUY, SELL, RENT OR RENOVATE. Pick us up at over 750 convenient locations including: Safeway, IGA, Skytrain Stations, Community Centres and More.
TO ADVERTISE CALL 604.519.6080 Nov 30 - Dec 14, 2012 Volume 20 Issue 24
十一月 November 2012 / 十二月 December 2012
Nov 30 - Dec 14, 2012 Volume 02 Issue 24
1 & 2 BEDROOM APARTMENTS AT MAIN & KING EDWARD NOW SELLING
即將隆重登場 高貴林至高住宅大廈 至尊生活享受 MThree ﹣ 知名系列 Metropolitan 最後一幢華廈 莫失良機 請即登記
inside this issue
HOMEBUYING AND THE ONE-THIRD RULE
MARKET CORRECTION MUCH ADO ABOUT NOTHING
SHOWHOME REVIEW: LIVE LIKE A MILLIONAIRE
INSIDE THIS ISSUE
PAYING FOR THE PERKS OF CONDO LIVING
HOW TO GET YOUR HOME “HOLIDAY READY”
BUYING A CONDO: WHO YOU NEED ON YOUR TEAM
本期內容 I Harrison Hot Springs ● Agassiz 天上人間 I 房貸條例改變之二 I 溫哥華生活篇 VAN_H&CG NovCover.indd 1
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Nov. 23 - Dec 07, 2012 Volume 20 Issue 24
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NOVEMBER 2012 - JANUARY 2013 VOLUME 11 ISSUE 06
FURNISHED APARTMENT INSIDE THIS ISSUE
The importance of a good
HOW TO AVOID A MOVING SCAM
N NYC HOME AWAY FROM HOME
JDL HOMES Vancouver: RENOVATE ONCE AND DO IT RIGHT THE FIRST TIME
DRESS UP YOUR HOME FOR THE
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• ATLANTIC CANADA • CALGARY • EDMONTON • MONTREAL • VANCOUVER • WINNIPEG
120196_Sydney_NCG_Half_Nov.ai | New Condo Guide | 7.25 in x 4.375 in
N EI E CR
AY D TO TION
Meet Sydney. Spacious, Classic Kitsilano. Located in Vancouver’s energetic Kitsilano neighbourhood, Sydney is a tranquil retreat steps from the city’s best
amenities. Connaught Park, IGA, London Drugs, Thomas Haas, Bikram Yoga, Kits Beach and Gramercy Grill to name
a few, are all within easy reach.
FINAL 5 SUITES. NEW PRICES. Steel & concrete construction
Wide plank, laminate flooring
Spacious living areas
Secured underground parking
9 ft ceilings
MASTER BEDROOM ENSUITE DECK
2 Bedroom, 1098 Sq.ft.
NO HST/GST liveatsydney.ca
AL L C O RNW
*In select suites.
2065 West 12th Ave, Vancouver | Open Sat to Sun, noon – 5pm or by appt. Call 778.892.7712 or email firstname.lastname@example.org THIS IS NOT AN OFFERING FOR SALE. ANY SUCH OFFERING MAY ONLY BE MADE WITH A DISCLOSURE STATEMENT. E&OE.
nov 30 - dec 14, 2012 metro vancouver new Condo Guide 25
Bu r naby | N e w We s tm i n s te r New Westminster
BARNET MARINE PARK
SQUINT LAKE PARK
ROYAL OAK AVE
E AV B5 L B3 YA RO B4
E WAY YD BO
1902 Rosser Ave. 604.294.3339
Agnes St & Elliot St 604.524.0888
ROYAL OAK AVE
688 Columbia Street 604.525.0223
E AV 8T
University High Street 604.320.3386
T B2 6
E AV H
Site Location Gamma Ave. & Hastings St. liveatburnabyheights.com
A2. highland house University Crescent & Highland Court 778.331.0348
B4. trapp & holbrook
Site Location Madison Ave. & Hastings St. liveatburnabyheights.com
6th & Royal Ave. 604.525.8980
1 AY W
BURNABY LAKE REGIONAL PARK
Belmont & 6th Ave 604.522.2583
DEER LAKE PARK
MARIN E WA Y
B5. elliot St
MAR IN E
18 Begbie Street 604.523.0081
SE MARINE DR
AD AW AY
A GL GA
E N IV
BURNABY MOUNTAIN GOLF COURSE
A16 A15 A2
UN IVE RSITY DR
A1 HASTINGS ST
NORTH RD CL
INL ET D
BURNABY MOUNTAIN PARK
A8. north parc
A14. Solo District
5655 Inman Ave. 604.889.7008
Sales Centre 618 Langside Ave. 604.939.8808
A6. station square
A11. s ilver
4600 Kingsway 604.438.1113
107 - 7090 Edmonds St. 604.525.8496
26 metro vancouver new Condo Guide nov 30 - dec 14, 2012
CG Banner Ad Redesign
4570 Hastings St. 604.205.7172
By Metrotown silverlining.ca
1710 Gilmore Avenue 604.291.9130
Lougheed & Willingdon 604.298.8800
University High Street 604.320.3386
University High Street 604.456.8883
SUITES STARTING FROM
AT UNIVERCITY UNIVE
V UN I ER S I T YC
SIMON FRASER UNIVERSITY
TO W E R R
Offering affordable studios and one bedroom suites next to world class education at SFU, Highland House is a great first home and a smart long-term investment.
CONTACT US FOR MORE INFORMATION
LIBERTYHOMES.CA This is not an offering for sale. Any such offering may only be made with a disclosure statement. E.&O.E.
NOV 30 - DEC 14, 2012 METRO VANCOUVER NEW CONDO GUIDE 27
2 re ho m m a es in !
why settle for ordinary? when you can live in
11 foot ceiling 2 bedrooms 2 bathrooms 2 parking spaces oversized patio 916 sq ft from $429,900
only homes remain. move in this year.
Buy now & save $20,000! Book your appointment today
604.320.3386 9055 University high street, burnaby show home open daily noon- 5pm (closed friday) see plans at liveorigin.com Better Living on Burnaby Mountain
PRICED FROM $448,000 1 BRM + DEN
(853 SQFT + 210 SQFT PATIO)
2 BRM (1044 SQFT + 248 SQFT PATIO)
MOVE IN TODAY
modern living crafted with traditional values In a time where everything feels mass produced and craft seems to have been forgotten, Firma revives the artisan tradition of master built homes. Boffo builds with an obsession for detail and a devotion to perfecting their work.
If you are looking for a meticulously designed, larger home in a vibrant community with history and character, please make an appointment to view our presentation centre and secure a signature home for yourself.
PR ESENTATION CENTR E 4570 hastings street, burnaby heights BY APPOINTMENT ONLY
604.205.7127 â€“ FirmaByBoffo.ca this is not an offering for sale. such an offering can only be made by a disclosure statement. e&oe.
NOV 30 - DEC 14, 2012 METRO VANCOUVER NEW CONDO GUIDE 29
YES, WE CAN FIT ALL THIS SPACE INTO YOUR BUDGET
Final 10 Metrotown rowhomes for the price of an apartment From $439,900* Home Store + model home 6857 Royal Oak, Burnaby 604.435.5565
mosaichomes.com *Artist rendering. Prices are subject to change. E.&O.E.
The Great Debate: Buy or Rent?
Q&A with Hani Lammam // by susan m boyce
It’s the great housing debate: whether it’s smarter to buy or rent the place you call home. While for most people, owning is the ultimate goal and dream, the financial obligations can seem daunting — especially for first time buyers. In this issue, New Condo Guide caught up with Hani Lammam, vice president of Cressey Developments, to get his take on this important decision. Q It’s well known that Metro Vancouver is one of Canada’s priciest areas when it comes to real estate. Which side do you take in the debate on home ownership versus renting? A In the long run, history has clearly demonstrated that owning a home is advantageous. And I’m a firm believer it’s important to get your foot in the door as early as you can. To purchase my own first home, I had to use my RSPs and borrow from my parents, but I’ve benefited from the growth in equity every time I’ve moved since. Q There’s a perception a mortgage is far more expensive than paying rent. Is this accurate? A First of all, it’s important to ensure you’re making a fair comparison. Let’s start with the example of a $400,000, one-bedroom at Meccanica in Southeast False Creek. With a 25 per cent down payment, your monthly mortgage based on a five-year term, three per cent interest, and a 25-year amortization would be approximately $1900 per month. If you
“In the long run, history has clearly demonstrated that owning a home is advantageous.” Hani Lammam
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3 1 the
rooftop deck at James, located in Southeast False Creek
new standards of quality, Mthree will be Coquitlam’s tallest residential tower at 48 storeys.
in downtown Vancouver
Meccanica’s design is a sophisticate blend of industrial heritage, contemporary minimalism, and sheer zest for life inspired by Intermeccanica’s handcrafted replica 1950s-era Porsches.
rented a similar suite in James just down the street, you’d probably be paying $1,700 per month to rent. So, while you could undoubtedly rent a basement suite in a less desirable neighbourhood for less, in this case you could argue that, yes, you’re paying about $200 more each month in order to buy. That said, however, you also need to remember when you’re renting, you’re actually spending every penny of that monthly expenditure. On the other hand, with a mortgage, part of each month’s payment goes to reducing your principal — so it’s like putting money into your own savings account rather than someone else’s. Q Wouldn’t it be simpler to just put the money into a savings account or other secure investment? a The real beauty of real estate is that leverages your return on investment. Let’s go back to the $400,000 apartment. A 25 per cent down payment would equate to an actual investment of $100,000. Now let’s suppose the value of your property escalates by just five per cent — $20,000 in other words. If you’d invested your original $100,000 into stocks, they would have had to appreciate by 20 per cent to get the same return — and that’s hard to do.
Hani Lammam, vice president of Cressey Developments.
Plus, you can’t lose sight of the fact people will always need a roof over their heads. So the choice becomes whether you want to give yourself the investment return or give it to your landlord. Q What’s your advice to people, especially first-time buyers, who really want to get into the market but are concerned about the stories suggesting the market is about to tank? a Buy a home you’d be happy to live in for five years and one that doesn’t over-extend your budget. Sure, economists love to make predictions, but it’s really not very complicated. Historically, over the past 10 to 15 years, prices in the Vancouver region have not been subject to huge market fluctuations. Yes, there have been a few times when prices have decreased dramatically, but it’s really more like a six or seven month blip before prices recover. For me, there’s nothing worse than seeing people sit on the sidelines, trying to second guess the market while their money languishes in a low interest bank account or, worse yet, under their mattress. Find a good product, from a quality builder, in a good neighbourhood, then make the decision and don’t hesitate.
For information on Meccanica and other Cressey properties visit cressey.com.
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DEWDNEY TRUNK RD
DEWDNEY TRUNK RD
y M EADOW GARDENS
DEWDNEY TRUNK RD
123RD AVE 203RD ST
DEWDNEY TRUNK RD
PITT M EADOWS
S BONSON RD
R RD 116TH
D E R BY R EACH R E G I O N A L PA R K
A KA KAN
110TH AVE 108TH AVE GOLDEN EARS BRIDGE
MAPLE RIDGE A1. falcon centre 11862 226th Street 604.477.1500
34 metro vancouver new Condo Guide nov 30 - dec 14, 2012
JAC KS O
DR MACLU RE
Pitt Meadows | Maple Ridge
Pitt Meadows/Maple Ridge
nov 30 - dec 14, 2012 metro vancouver new Condo Guide 35
// By heather segreti
home for the holidays Your colour choice may be influenced by your interior door hardware, or some other feature in your home. If you have brass hardware, then gold may work for you. If you’re a brushed nickel or chrome kind of person, then silver may work better. For antique oil-rubbed bronze hardware, you may want to go with the red or burgundy velvet. Regardless, start with a colour scheme. This will keep you on track when you are out shopping – and we all like to shop! You will stick to your colours – if you are in the gold camp you will pass on the silver garland, even though it is on sale. Another tried-and-true shopping rule is this: just because it’s on sale does not mean it’s a good deal. If it doesn’t work in your home, it’s not a deal. “Stylish” means that the items you choose blend in with your existing home and don’t look out of place or cluttered. A stylish holiday home may mean relocating some accessories and putting them away over the festive season. Replace the accessories you put away with the new, wonderfully themed decorative items you have purchased.
Founder and President of Segreti Design, Interior Designer Heather Segreti has more than 22 years of experience. Working with both commercial and residential clients, she brings innovative design ideas to each one of her projects. For more information, visit Heather online at segretidesign.com
» Glass vases filled with silver and white ornaments can replace your year-round dining room centrepiece. » Wonderful silver candlesticks on the mantel with aromatic cedar garland can replace your everyday mantel décor. » “Real” cedar and pine decorative garland to line the mantel, dining table or stair banister is always a classic choice and looks good in any type of home. (I am a fan of the real thing when it comes to greenery, however there are many good replicas on the market.)
he movie is a classic, but you do not want your home to evoke The Nightmare Before Christmas, so start with a theme and build on it every year. This is cost effective and it works! This way, when you buy new items each year, they will fit in with your overall motif. People run into problems when they continually purchase new decorative items each year and then end up with a house full of goods, none of which work together. So, a plan is your best friend. Examine the style of your home. Is it traditional, contemporary, or something in between? Then, choose your colour palette. It may be silver, gold, red and gold, or any festive combination that gets you in the spirit.
“Stylish” means that the items you choose blend in with your existing home and don’t look out of place or cluttered. A stylish holiday home may mean relocating some accessories and putting them away over the festive season. More mantel tips:
Fireplaces are so much fun to decorate during the holidays. This is where you can create a real focal point in your room. First, clear out your existing mantel décor so you have a clean slate to work with. I would start with some fresh
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greenery in keeping with the holiday spirit: cedar or pine would be nice. If you can add lights and plug in discretely then go ahead. If not, opt for the battery-operated lights – you don’t want to see any wires hanging down. Next, take some decorative ribbon that matches your décor and wind it loosely through the garland. Add candles, pinecones and glass ornaments to finish off the garland. Remember to stick with your theme and coordinate the mantel with your tree or your banister. The mantle is a place where you can add those very special home décor pieces that may be a little more fragile. You may even consider adding a star-burst decorative mirror over the mantel in place of your year-round décor. The hearth is another place that will require some attention. Consider a nativity scene or tall standing figures such as angels or a snowman. Just remember not to clutter things up too much. The key is to remove your year-round décor and replace it with your favorite Christmas pieces. It gets very busy when you try to squeeze your everyday items and your holiday pieces together. nov 30 - dec 14, 2012 metro vancouver new Condo Guide 37
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Surrey | Langley 116TH AVE
12 0T H
GREEN TIMBERS URBAN FOREST PARK
TYNEHEAD REGIONAL PARK
GOLDEN EARS BRIDGE
BEAR CREEK PARK
64TH AVE 60TH AVE
A12 56TH AVE
SERPENTINE FEN NATURE RESERVE
B2 Fra s
10 A9 A7
80TH AVE 168TH ST
King George Blvd
A13. 3 civic plaza
40TH AVE B5. suede
A9. sunset grove
B3. The Village at Bedford Landing
B7. athenry gate
B8. murray's walk
15956 86A Ave. 604.596.2202 6398 120th St. 604.590.8003 6477 - 196th Street 604.530.0054
8727 160th St. 604.596.8828
13913 Fraser Hwy. 604.588.3783
A6. the wave
10375 133rd St. 604.951.9283
64th & 19th 99 604.530.5399
13468 Gateway Dr. 778.395.3080 6500 194th St 604.532.7711
A10. G3 Residences 104th Ave. & 154th St. 604.453.6688
A11. e dge
13897 Fraser Hwy. 778.395.7704
5811 - 177B Street 604.575.0669
38 metro vancouver new Condo Guide nov 30 - dec 14, 2012
104 Ave & 134 St 604.572.0064 14358 60th Ave. 604.596.5075 10345 133A St. 604.588.6999
20460 Douglas Cres. 604.510.5020 5655 210A Street 604.534.6000
9275 Glover Road 604.888.2793 20211 66th Ave. 604.533.7718
20219 54A Ave. 604.514.1530 200th Street & Fraser Highway 604.539.2200 8312 Street 604.882.8857
22323 48th Ave. 604.510.6500
GL OV ER
N VE OS
grand opening - move in now!
Luxury is Standard at Luxor
OWN TODAY Priced from $204,900
first time home buyer tax credit
Special Financing Packages Available
Luxury home collection group Marketing and Sales by: REA L
ES T A T E
MARKE T ING
15 min. to YVR Airport & 15 min. to US Border
hours: Monday to Friday 1-6pm Weekends & Holidays 12-5pm
Presentation Centre: 6398-120th Street, Surrey Corner of Scott Rd & 64th Ave
FOLLOW US ON FACEBOOK @ Luxor Homes FOLLOW US ON TWITTER @ twitter.com/luxorliving
*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.
64th Ave. 58th Ave.
To US Border
40 metro vancouver new Condo Guide nov 30 - dec 14, 2012
NEXT 10 6 PURCHASERS ONLY
nov 30 - dec 14, 2012 metro vancouver new Condo Guide 41
coNm inSgE re5g OW 0i% steSr LLsINoGon OtLo Dd ! ay
sophisticated style • timeless value
1, 2 & 3 bedroom condos in Clayton Heights everyone has their own idea of style and a perfect home At Salix, we want your home to be a reflection of your individual stye. Choose from our three unique interior schemes and move into a home that was designed just for you.
salix- set down your roots in style early purchaser incentives available for a limited time only, call or visit for details.
604.530.0054 • 6477 196th st, surrey WWW.SALIXLIVING.COM
1 bedroom’s from $159,900
• 2 bedroom’s from $229,900*
ANOTHER PROUD COMMUNITY •
* Prices subject to change. E. & O.E.
Get a Pre-Construction Deal “Panorama Ridge is a neighbourhood where there’s so much happening and so much available for families,” Jeanette says. “There’s the YMCA just down the road, schools at all levels, shops, restaurants, easy access to transit and transportation routes. Everything you need is nearby.”
New view on Panorama
// by Susan M Boyce
ow well under construction in Surrey’s Panorama Ridge neighbourhood, Latitude is about to change the way you think about single-level living. And it’s going to be change that will get you excited. Live Life Large First of all, think big — really big. “These homes are all two- or three-bedroom with floorplans ranging from 840 to almost 1,050 sq. ft.,” says Jeanette Chaput, Porte’s director of sales and marketing. “So you’ve got lots of space to grow into if you’re just starting a family, and lots of space for your family treasures if you’re downsizing.” Unique Design Balconies and yards are also large, but Jeanette says the feature that makes Latitude truly unique is the use of open corridors fronting onto a massive, private park running through the centre of the building. “Not only is this a great looking design, but it means every home has windows, front and back — end homes have windows on three sides. You get tons of natural light all year round, and in summer you don’t need fans or air conditioning to keep cool because there’s always great cross ventilation.”
“Every home has windows, front and back.” Jeanette Chaput
But she adds that until now there’s been virtually nothing new available in the condo market. “So this is a fantastic opportunity to own one of the very rare, brand new condominium homes in Panorama and own it at precompletion pricing. Plus, for the next four buyers, we’re even including the net GST — meaning a good deal just got even better.” And here’s more good news, Latitude is on schedule to complete in spring 2013 — meaning you could be well settled into your new home in plenty of time to enjoy summer barbecues and perhaps growing your own salad fixings in one of Latitude’s community garden plots. Latitude offers a total of 52 two- and three-bedroom condominium homes starting from just $269,900. The presentation centre is now open noon to 5 p.m. Saturday through Wednesday (closed Thursday/Friday) at 14358 – 60th Ave. in Surrey. For more information visit porte.ca/ latitude or call 604.596.5075.
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. UT PR O N . ISS ETIO ING M R L T N’ OMP IS SP O D -C TH E PR E IN T V A N MO
ROOM TO GROW 2 & 3 B EDROOMS FROM $269,900
big — 840 to 1,046 square feet on a single level — no stairs. With huge patios and fenced yards, Latitude homes are
plus an 8,000 square foot private “central park” (including a community garden), you’ll have plenty of
to live, indoors and out.
Book your appointment today
to own in our limited
release of homes at pre-completion pricing!
BUY BEFORE DEC. 16TH AND SAVE THE GST* (Savings of up to $10,500)! OPEN NOON - 5:00 PM (CLOSED THUR & FRI) 14358 60TH A VENUE, SURREY | 604.596.5075
SPACIOUS WEST PANORAMA CONDOS
Sales by disclsoure statement only. E. & O.E. Net GST/HST included in the purchase price, purchaser must be eligible for federal rebate. *The purchaser is responsible for the transition tax.
nov 30 - dec 14, 2012 metro vancouver new Condo Guide 45
Let your money work for you! Last chance to earn 10% interest on your deposit
Hurry â€“ buy before December 16th to take advantage of this great savings program!
Buy now and earn 10% on your deposit until 2014. > Thatâ€™s up to $8,100 in your pocket. > The sooner you buy, the sooner you start earning interest. Visit our show home today. One bedrooms priced from $167,900.
porte.ca/verve Show home | Open daily, 12-5 (except Friday) | 604.588.3783 | 10119 Whalley Boulevard, Surrey Site at 13931 Fraser Highway, a six-minute walk from King George Station *Offer applicable between November 15th through December 16th. 10% interest calculated annually for each deposit as it is received in accordance with the contract of purchase and sale, interest earned will be credited on the statement of adjustments upon completion.
46 metro vancouver new Condo Guide nov 30 - dec 14, 2012
THIS IS THE ULTRA SALE E
CITY CENTRE STudIoS $399/monTH* - FRoM $186,900
CITY CENTRE 1 BdRMS $599/monTH* - FRoM $255,900
lIvEaTulTRa.CoM | SALE EnDS DECEmBER 13 | 604.588.6999 10345 133a STREET, SuRREY | opEN daIlY 11 - 6 pM
dEvElopEd BY *BaSEd oN Two-YEaR TERM. SEE agENT FoR Full dETaIlS. pRICES aNd INCENTIvES aRE SuBjECT To ChaNgE wIThouT NoTICE. E.&E.o.
NOV 30 - DEC 14, 2012 METRO VANCOUVER NEW CONDO GUIDE 47
B3 COMMUNICATIONS date: file:
11/21/12 b3 clients:ultRa:20739 ultRa sale ad:pRod:20739 ultRa sale nhG ad 7.25x9.indd
1.866.711.2333 | i n f o @ b3co m . co m | b 3co m . co m |
b 3 co m m u n i c at i o n s i n c. R e p R o d u c t i o n a n d/o R d i s t R i b u t i o n o f t h i s mat e R i a l i s p R o h i b i t e d w i t h o u t p R i o R au t h o R i z at i o n.
BUYING A CONDO
who you need on your team WHEN YOU BUY A CONDO, YOU’RE NOT JUST buying a place to live. You’re becoming part of a community. Canada Mortgage and Housing Corp. (CMHC) recommends that you get some expert advice to help you navigate through the process: REAL ESTATE AGENT A real estate agent who specializes in condominiums can save you time, energy and help you make an offer once you’ve found the condo that’s right for you. Make sure you’re clear about who’s paying their commission and what your obligations will be once you’ve signed any agreement. Be specific about the type, features, location and price. REAL ESTATE LAWYER A lawyer who is knowledgeable about condominiums can protect your legal interests, explain all the documentation and review the purchase and sale agreements. Your lawyer will determine whether or not there are any legal actions pending against the condominium. If your offer is accepted, he or she will also be responsible for many of the closing arrangements. HOME INSPECTOR A qualified home inspector will go through the condominium unit and common elements and perform a comprehensive visual inspection. The inspector will determine the components that are not performing properly as well
as items that are beyond their useful life or are unsafe, and identify areas where repairs may be needed or where there may have been problems in the past. FINANCIAL INSTITUTION Your financial adviser can help customize a mortgage to suit your financial goals and ensure you can afford your monthly mortgage payments. CMHC’s online interactive guide, Homebuying Step-by-Step available at cmhc.ca, can help you determine what price range you should be looking at and how much you can really afford. For a free copy of the Condominium Buyers’ Guide or other fact sheets, call CMHC at 1.800.668.2642 or visit cmhc. ca. For more than 60 years, CMHC has been Canada’s national housing agency and a source of objective, reliable housing expertise.
Two bedroom starting from $249,900 inc net HST
Live. Shop. Dine. Play. Relax... It’s all right here.
10,000 TAX CREDIT
Two bedroom for Eligible 1st Time BCstarting Home Buyers $2 881 OV 64 S E ,9 Q. IN 00 FT IN . $ NO CL 26 W . N 9, ! ET 900 HS T
The perfect blend of sustainability & style 54 exceptionally crafted condominium residences conveniently located in the heart of Fleetwood $
10,000 TAX CREDIT
for Eligible 1st Time BC Home Buyers 8695 - 160th Street, Surrey Open Daily From 1 to 5pm www.monterossohomes.com or call
PRICES AND INCENTIVES ARE SUBJECT TO CHANGE WITHOUT NOTICE. SEE SALES REPRESENTATIVE FOR DETAILS. E.&O.E.
48 METRO VANCOUVER NEW CONDO GUIDE NOV 30 - DEC 14, 2012
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the e r u t fu . e r e is h
ESS ADDR T S E TRE B Y CEN • THE EY CIT R R L U IN S HOTE MIUM E R P Y REY ONL N SUR • THE ENCE I D I ARK S E & R ANDM L T A E D GR NLAN NEXT R MAI • THE E W O E L OF TH
ic @ 3Civ y a d o er t Regist
re. r futu u o y n i Invest
sale. ring for t an offe O.E. This is no statement. E.& keting. re ar su M l lo disc dentia a si ith Re w l e rnationa n only be mad ers Inte sale ca by Colli ring for d Sales An offe keting an
// BY cameron mcneiLL
LooKinG Forward to 2013
A 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 email@example.com or follow him on Twitter @mac_marketing
s the year draws to a close, many people are wondering what can be expected in the year ahead for Metro Vancouver’s real estate market. Throughout 2012 we’ve seen the conditions shift from a seller’s market, to a balanced market, to more of a buyer’s market. So what can we expect for 2013? The strength of the real estate market is closely linked to the overall economy and, as we know, we have some good fundamentals working in our favour. For 2013, Western Canada is expected to dominate growth compared to other provincial forecasts (RBC Economics Research, 2012). The stabilization of the European financial markets, predicted Chinese reacceleration and a strengthening U.S. economy will all assist in increasing the strength of the global economy as well as our local market. Real GDP is expected to grow in 2013 for British Columbia, with the job market showing further improvement due to decreasing unemployment, and new major capital projects with Seaspan Marine and Rio Tinto Alcan beginning next year. Increasing strength in the economy leads to increasing consumer confidence as well, and retail sales are at their highest levels in the last two years. With inflation and interest rates predicted to remain low for the
With prices expected to remain relatively ﬂat or with nominal increases, there’s ample opportunity for many to enter one of North America’s strongest real estate markets
50 metro vancouver new condo Guide nov 30 - dec 14, 2012
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Throughout 2012 we’ve seen the conditions shift from a seller’s market, to a balanced market, to more of a buyer’s market immediate future, this means the borrowing costs associated with housing are also expected to remain low and therefore there are many exciting opportunities for homebuyers in the short- to mid-term. Net migration is an important factor to consider in the Lower Mainland as well when analyzing the real estate market. Housing starts and increasing net migration will continue to be a factor that drives the Lower Mainland real estate market due to the highly livable nature of the region. When we look at the statistics from 2011, the overall the number of home sales is recently down just over 15 per cent and the average price is down about two per cent but still more than 10 per cent higher on a three- and five-year comparison. With sales to active listings ratios increasing to about 11 per cent, homebuyers have the luxury of making thoughtful purchasing decisions. This is great news for homebuyers as this means more product choice, and flexible offerings. With prices expected to remain relatively flat or with nominal increases, there’s ample opportunity for many to enter one of North America’s strongest real estate markets. According to CMHC, Canada’s new home market is expected to be quite stable with no major shifts in early 2013. Sales are expected to increase due to less upward pressure on pricing, with prices expected to hold stable. Based on the real estate cycles of recent years and our positive fundamentals, I anticipate now is a good time to buy with prices likely to end up higher in a year from now in most multifamily markets than today. Some great new communities are expected to be available in the spring, so review your financing options with your preferred financial institution today and be in a position to make an offer as soon as you find the home that best suits your needs. Sources
› rbc.com/economics/market/pdf/provfcst.pdf ›cmhc.ca nov 30 - dec 14, 2012 metro vancouver new Condo Guide 51
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MURRAY’S WALK T AKE A S TROLL
! ! T T U U O O SOLD SOLD balcony
Plan B7 792 sq.ft.
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Unit Plan of the Week
ONLY 2 C3 HOMES LEFT!
UNIT C3 | 884 sq. ft. 2 Bed + 2 Bath
224 ST - BIGGER RD
Upgrades and Home Customization Over 30%of Phase 1 Sold! Deadline is December 7!
RBC ROYAL BANK 48 AVE - MCDONALD RD
MURRAY’S CORNER 224 ST
Address: 5020 221A St, Langley Presentation Centre: #4 - 22323 - 48th Ave, Langley Open Daily Noon-5pm: Closed Friday
Murrayville’s Newest Condo Community We understand everyone is different – Each having their own unique lifestyle. For that reason, we’ve created 19 distinctive floor plans - many of which are 1000+ sq. ft. that will complement all walks of life. Act now, before December 7th, and you can upgrade and customize the flooring, tub and shower selections, appliances and more.
Come and take a stroll...see which one fits you. In our continuing effort to meet the challenge of product improvement, we reserve the right to modify or change plans, specifications, features and prices without notice. Rendering is an artist’s conception only. E. & O.E. All marketing materials designed by wcimediastudios.com
2012-11-09 12:50 PM
DREAMING OF YOUR
OWN HOME FOR CHRISTMAS? CORNERSTONE HAS EVERYTHING ON YOUR LIST
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IO /"x7D'0"ECK PAT13 '10
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M ASTER OM BEDR"xO 11'0" 9'9
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604.534.6000 cornerstoneliving.ca Sales Centre 56th & 210A St, Langley Open Sat to Thurs Noon to 5pm
LINEN WALK-IN CLOSET
HEN KITC"x 11 '7" 6'0
This is not an offering for sale. Any such offer can only be made with a disclosure statement. Prices and offering subject to change. E.&O.E. Monthly payments are based on 10% down, 3.04% five year term, 25 year amortization, OAC.
nov 30 - dec 14, 2012 metro vancouver new Condo Guide 53
Elevated living experience // by Susan M Boyce
wowing buyers of all ages right from day one. “The Trilogy Club is going to become the heart of this community — a social hub where owners can kick back and relax with neighbours in a casual setting or host larger gatherings for friends and family, a place they can share with the people who matter most in their lives.”
“There’s a whole new vibe of excitement developing.” Margot Jay
eady, set, go. Elements in Langley is now officially “home” for some of the buyers who first fell in love with this New York-inspired condominium community. “Phase one is complete and people are starting to move in, so there’s a whole new vibe of excitement developing,” says sales manager Margot Jay. But here’s the part she’s really excited about. “We’ve now got a display suite open in the building — which means people can experience Elements in real life. The presentation centre display home is gorgeous and a great introduction, but nothing compares with being able to walk into an actual suite that’s filled with natural light and see the actual view you’ll wake up to every morning.” Get Fit, Get Connected
When Elements’ second phase completes next summer, there’s going to be more good news. “This building will introduce the Trilogy Club, our spectacular amenity building,” Margot explains. At almost 8,000 sq. ft., it’s a feature that’s been
Among it’s many features, the Trilogy Club will boast a fully equipped fitness centre, New York-style lounge with billiards, library, big-screen media room, plus a chef’s demo kitchen. “And because we kept our focus on low-maintenance amenities that appeal to all ages, our strata fees are much lower than developments with the pools, hot tubs, and saunas most people typically think they love but don’t really use on a day-to-day basis,” Margot says. Opulent Living
Inspired by the perfect proportions of sacred geometry as well as the precious metals found in nature — gold, silver, and bronze — Elements is unabashedly opulent in outlook. Each lobby is luxurious and unique, a statement of your good taste. Individual suites boast open floorplans with a sense of easy-going flow and interconnectivity. “All this, and you’re still just 66 steps to shopping, restaurants and services,” Margot adds. The Elements presentation centre and three display homes are open noon to 5 p.m. daily except Fridays at 20211 – 66th Ave. in Langley. Priced from the $160’s (net HST included). For more information, visit elementsinlangley.com or call 604.533.7718.
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LARGER SUITES. READY THIS SUMMER!
Trilogy Club Lounge
PHASE 2 SELLING FAST! MOVE-IN SUMMER 2013!
With larger suites and new options for upgraded finishings the Elements lifestyle just gets better. Complimented by beautiful landscaping, backing on to natural green space, and nestled in the heart of Langley’s vibrant shopping community you are only steps away from every urban amenity. Come see why Elements is improving the standards of perfection. Only 2 available to move-in today!
Junior ones up to two + den suites priced from the $160’s up to the low $400’s
INCLUDING NET HST
VISIT OUR PRESENTATION CENTRE TODAY OPEN DAILY NOON - 5PM (CLOSED FRIDAYS) 20211 66th Avenue, Langley BC | 604-533-7718 elementsinlangley.com SALES & MARKETING BY: FIFTH AVENUE REAL ESTATE MARKETING LTD. 604-583-2212 Prices and incentives are subject to change and may be withdrawn without prior notice. Prices quoted include net HST for owner occupier only. E.&O.E.
y King George Hw
SOUTH SURREY | WHITE ROCK
40TH AVE SERPENTINE FEN NATURE RESERVE
CRESCENT BEACH / BLACKIE SPIT
99 32ND AVE
SUNNYSIDE ACRES URBAN FOREST PARK
16TH AVE 160TH ST
SOUTH SURREY ATHLETIC PARK
15 10TH AVE 8TH AVE
SOUTH SURREY / WHITE ROCK 1.
24th Ave & Hwy 99 604.582.1336
152nd St. & 36th Ave. 604.535.9655
15310-17A Ave 604.536.1663
1456 Johnson Rd. 604.531.9030
56 METRO VANCOUVER NEW CONDO GUIDE NOV 30 - DEC 14, 2012
20th Ave. & 154th St. 604.531.6659
south surrey/white rock
P R E S E N TAT I O N C E N T R E
50 EXCLUSIVE CONDOMINIUM HOMES
1, 2 , & 3 B E D R O O M H O M E S 24TH AVE 154 ST
G G EO
604.531.6659 A d a g i o B y B o f f o.c a
7 0 0 – 1, 2 7 8 s q f t
SEMIAHMOO SHOPPING CENTRE
THIS IS NOT AN OFFERING FOR SALE. SUCH AN OFFERING CAN ONLY BE MADE BY A DISCLOSURE STATEMENT. E&OE.
nov 30 - dec 14, 2012 metro vancouver new Condo Guide 57
SOUTH SURREY/WHITE ROCK
58 metro vancouver new Condo Guide nov 30 - dec 14, 2012
south surrey/white rock
SPON·TA·NE·I·TY [defined by]:
the desire to live life not dictated by schedules & to-do lists, but by living in the moment how you want, when you want... and not having to jump in your car to do it!
BO NU S PU OF CR RC E F HA VI DIT LL SE O D BE AG F $ FO E S 10 RE U KTH ITE $30 E S K NE W
YE AR !*
ITS LIVING LIFE ACCORDING TO YOUR OWN TERMS, UNPLANNED AND INSPIRED. The bustling pulse of village life brings an array of shopping, dining, entertainment, and fitness amenities to your fingertips. Spur of the moment dinner parties are made possible with fresh organic ingredients from Thrifty Foods right downstairs. Or stroll down Main Street to connect with friends & neighbours at local hotspots Mink A Chocolate Café and Everything Wine. Take a yoga class at Steve Nash Sports Club, pickup that last minute gift from Best Buy, or track down the perfect little black dress at the plentiful boutiques all steps away. This is living in the moment; how you want, when you want.
TWO & THREE BEDROOM CONDOS FROM $272,900* | LOFTS FROM $279,900*
WINNER 2011 BEST MULTI-FAMILY LOW RISE DEVELOPMENT
MORGAN CROSSING IS MOVE IN READY! VISIT THE REAL ESTATE PRESENTATION CENTRE Open daily (except Fridays) noon - 5pm, 103-15775
Croydon Dr., South Surrey, next to Thrifty Foods
MORGANCROSSING.CA | 604.582.1336 Sales + Marketing by
Show suites are available for your viewing on weekends. To guarantee a viewing on weekdays, we appreciate your making an appointment.
*Visit sales centre for details. Offer applicable on select number of village suites subject to availability, and must be purchased before Dec. 31, 2012; Developer can withdraw this offer at anytime. Plus applicable hst and subject to availability. Prices and specifications subject to change without notice. This is not an offering for sale, such an offering can only be made by way of a disclosure statement. E.&O.E.
nov 30 - dec 14, 2012 metro vancouver new Condo Guide 59
RO SS RD
R VE GO TR
N o r t h S h o r e | S quamis h | W h is t l e r DEPOT RD
UG H CHEAKAMUS WAY GA RI
I LD Y WA K
STANLEY PARK y
VE R GO
UD TEA PLA
DA VE DA VE
VE YA WA V ST TA NU VE ST E KA CH OC L M DR HE RD O ILF GU
60 metro vancouver new Condo Guide nov 30 - dec 14, 2012
L LEVE LOW
R D E MAI N
LYNN CANYON PARK
KEITH RD E
A3. the prescott
210 - W13th Street 604.988.3020
ERR 135 W2ndCHSt. Y DR 604.929.8870
MT SEYMOUR PKYA8
13th & Lonsdale 604.969.3333
EY LL VA
KEITH RD W A3
A6. 700 marine
#103 - 735 West 15th St 604.924.4488
A1. Local on Lonsdale W 17th Street and Lonsdale 604.998.0219
QU E E NS WAY
BRENNAN PA R K
1a MARINE DR
SD AL EA VE
DALE R D
CH IPPE N
CAPILANO RIVER REGIONAL PARK
STE VE N S
CYPRESS FALLS PARK
NELSON CANYON PARK
LYNN HEADWATERS REGIONAL PARK
CYPRESS BOWL RD
701 W14th Street 604.984.0700
onsdale & Third Ave L 604.638.6240 nit 118 3650 U Mount Seymour Pky 604.800.2120
nov 30 - dec 14, 2012 metro vancouver new Condo Guide 61
When living together
MEANS LIVING BETTER ARE YOU THINKING ABOUT MOVING IN TOGETHER? This decision might be an
opportunity to improve your financial situation by combining your income and expenses and doing some long-term planning.
ADVANTAGES OF A RELATIONSHIP Being a couple is bound to have an impact on your
income and expenses. Living under the same roof is much less expensive than living alone. You can save a great deal on the costs of electricity, heating, telephone, Internet, groceries and automobiles – not to mention, rent. HAVE A FRANK DISCUSSION Before you combine your finances, it is important to talk to your future spouse to get a better idea of your spending habits, income, debts and savings. Discuss the possibility of opening joint accounts (chequing or savings) to cover your essential household expenses or to save money. You might also choose to keep a personal account for your other expenses. Whatever choices you make, you should agree on how your joint accounts are to be used, and the amounts you will each deposit in them. Also take the time to assess your banking habits and make sure that you have the bank accounts that meet your needs. It could help you save money.
SEEK A BALANCED APPROACH Once you have agreed on the lifestyle you would like to have, you can draw up your budget to obtain an overview of your total income, your essential and non-essential expenses and your ability to save. You may not particularly enjoy drawing up a budget, but simply setting objectives, such as purchasing a house or condo and saving for your children’s education if planning to have a family, will motivate you to draw up your budget and, more importantly, to stick to it.
More information about how to draw up a budget and choose a suitable bank account is available online on the Financial Consumer Agency of Canada (FCAC) website, fcac.gc.ca. You can also follow @FCACan on Twitter and on YouTube. NC
21 HOMES SOLD
EXCEPTIONAL GRAND OPENING PRICING – HELD OVER! 60 apartment homes sit high above a vibrant social hub. Outdoor adventure is at your front door, with everyday essentials conveniently accessible by foot or bike. One bed and den from the high 200’s*, two beds from the mid 300’s*. PRESENTATION CENTRE 103 – 735 WEST 15TH STREET, NORTH VANCOUVER | 604.924.4488 VISIT ADERA.COM CHECK US OUT ON TWITTER & FACEBOOK * LIMITATIONS APPLY. THIS IS NOT AN OFFERING FOR SALE. SALES BY DISCLOSURE STATEMENT ONLY. E&OE. SEVEN30 ADERA PROJECTS LTD. ADERA REALTY CORP. 2200 – 1055 DUNSMUIR ST., VANCOUVER V7X 1K8 | 604.684.8277
62 METRO VANCOUVER NEW CONDO GUIDE NOV 30 - DEC 14, 2012
062 HALF-finances_when living together means living better-JD.indd 62
11/27/12 5:16:56 PM
PRE-CONSTRUCTION PRICING AVAILABLE FOR LIMITED TIME ONLY!
THE BEST OF WEST COAST MODERN 5T
DA L NS EE
Buy now to take advantage of our great pre-construction prices:
(to take in the mountain and sea views), ORIZON is a once-in-a-neighbourhood opportunity.
that blends seamlessly with its natural environment; wood, stone and huge expanses of glass
Perfectly located at East Third and St. Georges on the North Shore, with an architectural style
1 bedrooms from $299,900 2 bedrooms from $384,900 3 bedrooms from $599,900
SALES CENTRE 21 LONSDALE AVE, NORTH VANCOUVER Open noon-5pm daily except fridays Closed from Friday, December 21st, 2012. Reopening on Saturday, January 5th, 2013.
604.638.6240 ORIZONonTHIRD.com Contact sales team for details. Price ranges, completion date and strata fees are subject to change without notice. All Living areas quoted are in square feet. All square footage and dimensions shown are approximate and should not be relied upon. The developer reserves the right to make changes and modifications. Pictures, drawings and digital renderings are for illustrative purposes only and should not be relied upon. E. & O.E.
Intracorp Third Street Limited Partnership Sales and Marketing by Intracorp Realty Ltd.
nov 30 - dec 14, 2012 metro vancouver new Condo Guide 63
1. Lonsdale Quay 2. Pier 7 3. Gusto di Quattr 4. Burgoo 5. Anatoli Souvlaki 6. Skoah 7. Café for Contem 8. Pinnacle Hotel 9. Derek Inman Te 10. Rusty Gull Neig 11. Rayne Longboar 12. Lower Lonsdale 13. Obsession: Bikes 14. Avalon Spa & W 15. Déja Vu Spa 16. Honjin Sushi 17. Sushi Bella 18. Cinnamon’s Cho 19. Kingston 11 Reg 20. CityScape Comm 21. Presentation Ho 22. Pasparos Tavern 23. RDS Skate Supp 24. Big Pete’s Comics 25. Second Wave 26. The Artisan Bak 27. Sweet Art Baker 28. Moodyville’s Ca 29. The District 30. Starbucks 31. Thai House Res 32. The KatWalk Sa 33. Bella Doni Flori 34. John Braithwaite 35. Shoppers Drug 36. MarketPlace IGA 37. Empire Theatres 38. Le Bistro Chez M 39. Yogapod 40. Victoria Park 41. Waterfront Park
Canadians don’t mind paying for the perks of
condo living Attracted to the urban lifestyle,
three-quarters of Canadian condo buyers say condo maintenance/strata fees are worth the extra monthly expense to enjoy the benefits of living in a condominium. The TD Canada Trust 2012 Condo Poll surveyed urban Canadians who recently bought or intend to buy a condo and found they are drawn to condos because they require less maintenance (60 per cent), are more affordable (45 per cent), and offer more amenities (25 per cent) than a house. “Managing your housing expenses is about prioritizing your needs and budgeting accordingly. It’s clear that the convenience of condo living is important to many Canadians, and they are willing to pay the monthly fees that come with owning a condo,” says Farhaneh Haque, director of mortgage advice, TD Canada Trust. The poll found that one-third of condo buyers (35 per cent) are willing to pay up to $200 per month in condo fees, 44 per cent would pay up to $400 and 17 per cent would pay up to $800. Across all cities, Torontonians are willing to pay the highest fees; 38 per cent are willing to pay more than $400 and 16 per cent more than $600. Even though they’ve set these limits, many condo buyers understand that monthly fees can increase at any time and have a plan: 29 per cent have a buffer in their budget and 34 per cent say they could cut back in the event of an increase.
“The possibility of a fee increase can be a little unnerving,” says Haque. “While there’s no way to ‘lock-in’ to a monthly fee like you can with a mortgage, you can prepare for a fee increase by building a buffer into your monthly housing budget, as some Canadians have wisely done. That way if fees go up, it won’t be a major shock to your cash flow. If they don’t increase, you have extra money to put aside in savings or towards your mortgage.” According to the poll, condo buyers think the most important features when deciding on a condo to buy are: » Good building security (94 per cent) and low fees (94 per cent) » Energy-efficient building features (92 per cent) and attractive interior design (92 per cent) » A balcony (90 per cent) » Parking for their car (87 per cent) » Close to public transit (84 per cent) Women are more likely than men to look for a building with a balcony (92 per cent versus 87 per cent of men) and environmentally-friendly features (86 per cent versus 79 per cent of men), while men are more likely to say finding a brand new condo – not a resale (56 per cent versus 46 per cent of women) – is important to them. Many condo buyers see condos as an affordable alternative to renting: 29 per cent say owning a condo is cheaper than paying rent. But, one-quarter say paying condo fees still feels like paying rent so
they are saving up to buy another place where they won’t pay monthly fees. Almost one-third of condo buyers say the main reason for their condo purchase is that it is a good investment. Recent housing forecasts do not seem to have fazed most Canadians. Only one-third of the general Canadian population say recent forecasts have made them less likely to buy a condo. “Recent housing forecasts have predicted that an over-supply of condos will cause a drop in prices. How this affects your decision to purchase a condo comes down to your goals at that time,” says Haque. “If you are buying a condo and see it as a source of rental income that you’ll move into when you are ready to downsize, this drop in value will likely not have a big effect. On the other hand, if you see a condo purchase as a way to build equity as you save up to buy a home, you need to consider the potential effect of a decreased price when you sell on the money you will have towards a down payment on a house.” Of those who are buying condos that will not be their primary residence, 46 per cent think they are a good investment to buy and sell at a profit when prices have gone up. Almost an equal number see them as a long-term source of rental income, and 38 per cent see them as a source of rental income for now that they will move into later..
64 metro vancouver new Condo Guide nov 30 - dec 14, 2012
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11/27/12 5:16:59 PM
Sea. City. Sunset. Your views. Enjoy morning coffee and sunset dinners on your generous, west-facing deck. Intelligently designed with functional floorplans and quality concrete construction, right in the heart of Central Lonsdale, from the mid $500’s. It’s the best value per square foot—visit our Pre-View Centre to see why, and to select your dream view.
2 BEDROOM + DEN VIEWPOINT HOME · LIVING 996 SF · DECK 265 SF
SPACIOUS ENOUGH FOR A KING-SIZED BED AND DRESSER
WALK-IN CLOSET OFFERS SMART STORAGE SOLUTIONS MASTER BEDROOM ENSUITE
EXTENT OF DECK AT LEVELS 10 TO 15
A ROOM WITH A VIEW, DESIGNED FOR ENTERTAINING
LIVING KITCHEN DINING
265 SQ FT DECK LIKE AN OUTDOOR LIVING ROOM FOR ENTERTAINING, RELAXING, GARDENING, AND GAZING AT YOUR VIEWS
FUNCTIONAL PANTRY SPACE ENTRY W/D BEDROOM
VIEW RESIDENCES. SIGNATURE NORTH SHORE LIVING.
13TH ST W
NOW SELLING TWO BEDS FROM $547,900 · TWO BED + DENS FROM $561,900
604 969 3333 THEPRESCOTT.CA
1 1TH ST W
Pre-View Centre Open Daily 12–5 101 – 1133 Lonsdale Ave North Vancouver
FLEX-SPACE FOR HOME OFFICE, STUDY, OR YOGA STUDIO
This is not an offering for sale. Any such offering can only be made with a Disclosure Statement. E.&O.E. The developer reserves the right to make changes and modiﬁcations to the information contained herein. Renderings, plans, photos and sketches are representational only and may not be accurate. The Prescott, a Wesgroup Properties project, developed by 1250 Lonsdale Developments LP.
LV D KW AY B
UB T EA PLA
COAST MERIDIAN RD
ST JOHNS ST
A3 LINCOLN AVE
DEWDNEY TRUN K RD PRAIRIE AVE R
HN AU G MUNDY ST
A6 VE TE A
H IL LR
SW AY AV E
MARI NE R WAY
COMO LAKE PARK
BLUE MOUNTAIN ST
A4 A1 A5
DEWDNEY TRUNK RD
DEWDNEY TRUNK RD
COLONY FARM REGIONAL PARK
MEADOW GARDENS GOLF COURSE
FORD RD FRASER RIVER PITT MEADOWS AIRPORT
A3. GRAND CENTRAL 3
A6. BLUETREE HOMES AT MACKIN PARK
Clarke Rd. & Como Lake 604.936.9300 Unit J 101 Austin Ave. 604.931.0302
DEWDNEY TRUNK RD
HAMMOND RD HARRIS RD
COMO LAKE AVE
PIONEER MEMORIAL PARK
LA NS BL VD DOW
2929 Atlantic Ave. 604-936-1888
Sales Centre 530 - 526 Clarke Road 604.939.8808
552 Clarke Road 604.936.2012
Brunette & Lebleu Presentation Centre located at 1020 Austin Ave. 604.939.8874
B1. RESIDENCES AT SHAUGHNESSY GOLDEN EARS BRIDGE 2037 Lougheed Hwy 604.468.0010
2191 Shaughnessy Street 604.802.4454
Includes Fabulous Party ROOFTOP Deck (700 sq. ft.) with Mountain Views, $349,800 & 369,800
2191 Shaughnessy St. Port Coquitlam Open by Appointment
www.yoursignature.ca • 604-802-4454 66 METRO VANCOUVER NEW CONDO GUIDE NOV 30 - DEC 14, 2012
ROCKY POINT PARK
R TO IC
DAV ID A VE
TOWN CENTRE PARK
S BONSON RD
R IT AG E
COAST MERIDIAN RD
DAVID AVE IOC
COQUITLAM | PORT COQUITLAM | PORT MOODY | PITT MEADOWS
You Can Really LIVE Here
VE TE A NET MACKIN PARK
KING EDWARD ST
UGH EEDopen daily 12 -5 Home Store HW Y 1020 Austin Ave., Coquitlam TR A N SCANAD 604-939-8874 A HWY
ALDERSON AVE BOILEAU ST
Pre-construction pricing from $199,900
Walkable neighbourhood, close to amenities, minutes from Lougheed SkyTrain. French-inspired architecture, spacious floorplans, modern finishes. Every home includes an outdoor space and 1 or 2 parking.
BLUE MTN. ST
1 & 2 BED APARTMENTS
Bluetree Home Store
Prices are subject to change without notice. HST not included. This is not an offering for sale. Such an offering can only be made by way of a disclosure statement. E.&O.E.
See more at bluetreehomes.ca at mackin park
Mackin Park ad for New Condo Guide
// by hellen buttigieg
Take time for yourself » Live in the moment We have become a society of multi-taskers, but in an effort to be more efficient, we have robbed ourselves of the pure pleasure that comes from performing simple tasks. Next time you wash dishes, fold laundry or set the table, focus only on the task at hand. Engage your senses. Notice the fresh smell of clean laundry, the rainbow colours in the soap bubbles, and the beauty of a table set with care. You’ll feel less frazzled and more peaceful. » L et go of the “shoulds” The next time you catch yourself thinking “I should...” or “I have to...” find a way to make the task more enjoyable and replace the “should” with “like to,” “want to” or “could.” Re-framing your thoughts puts you in control because you are doing the task out of desire, not criticism. » Tie up loose ends Devote one hour a week to tying up loose ends. These little “to-dos” take little time to complete and yet, left undone, eat away at you. »M ake bill paying easier Paying bills can be time consuming and hard to keep track of, especially if they are due at various times throughout the month. Call your creditors and change the due dates on your monthly bills so they fall on the same day. » Create kits to make life easier Items that are used together should be stored together. Imagine how much easier it will be to wrap gifts when your gift
Christmas Comes Early to The Residences
bags, cards, scissors, bows, tape and pens are all stored together.
Hellen Buttigieg is a certified professional organizer, life coach, TV host, owner of We Organize U and author of the best-seller, Organizing Outside The Box, available on Amazon. For tips on organizing your home, your office and your life, visit WeOrganizeU.com and sign up for the free newsletter. To contact Hellen, email info@WeOrganizeU.com
Pricing starting at $228,900 including HST
$5,000 Towards Your
SU O IT NL ES Y LE 9 FT
Down Payment for the Next 3 Purchasers!
68 metro vancouver new Condo Guide nov 30 - dec 14, 2012
068 HALF-hellen-quick tips-take time for yourself-JD.indd 68
11/27/12 5:17:01 PM
Coquitlam/Port Coquitlam/port moody
sales centre in Burquitlam Plaza
t n* s u j ow d TWO BEdrOOmS frOm % 0
AcT fAST BEfOrE THEy’rE gOnE!
• Students/first time buyers enjoy homeownership in Easton. • Prime location - 7 minute walk to new Burquitlam Skytrain! • Hurry for this golden investment opportunity!
www.eastonliving.ca Presentation centre in Burquitlam Plaza 552 clarke road, coquitlam Open daily noon - 5 pm (except friday)
* 10% CMHC oac. Red Dot Real Estate Marketing Ltd. Sales by disclosure statement. Allaire Properties Easton Inc. E.&O.E.
nov 30 - dec 14, 2012 metro vancouver new Condo Guide 69
CE DAR STRE ET
A b b o t s f o r d | M i s s i o n | C h i l l i w ac k
1ST AVE 2ND AVE 3RD AVE 4TH AVE CHEAM AVE 5TH AVE
MA SW AY
SOUTH FRASE R WAY
B ROADWAY ST RD
CLEARB ROOK RD
ABBOTSFORD INTERNATIONAL AIRPORT
PRAIRIE CENTRAL RD
D ER YAL
CK IWA I LL
D G RR D UN M YOTCO A WH
CHILLIWACK MUNICIPAL AIRPORT
YB U CLA
MACL URE R
CHILLIWACK CENTRAL RD
YA LE R
CHARLES ST ROAD SLAVE LAKE
R LE YA
U CL MA
HWCLEARBR Y 11 OOK RD
MT LEHMAN RD
VA LL EY
EC TO R
7TH AVE KINSMEN EAST PARK
Abbotsford A1. B rooklyn
Maclure Rd. & Gladwin Rd. 604.746.3496
Old Yale & Whatcom Rd. 604.850.3694
S SUMAS RD
VE DDER RD
WEBSTE R RD
KEITH WILSON RD
70 metro vancouver new Condo Guide nov 30 - dec 14, 2012
C h i l l i w ac k
WATSON GLEN PARK
// BY SUSAN M BOYCE
CONDO MARKET WATCH Condominium homes to keep your eye on The One: Southeast False Creek
Parc Vue: Maple Ridge
Granville at 70th: Vancouver
ON THE STREET: 38 West 1st Ave.
ON THE STREET: 12040 – 222nd St.
ON THE STREET: 70th Ave. at Granville
PRESENTATION CENTRE: 1738 Ontario St.
PRESENTATION CENTRE: 22245 Lougheed Hwy
ON THE WEB: LivingAtTheOne.ca
ON THE WEB: parcvue.ca
ON THE WEB: westbankcorp.com /Granville-70th INFO: 604.568.8090
A spectacular addition to the Southeast False Creek neighbourhood is now selling. Priced from $349,900, these homes boast the exceptional finishing details you’ve come to expect from Pinnacle International — finishings like air conditioning, hardwood flooring, and gourmet kitchens. Don’t miss this chance to live steps from the Seawall, Olympic Village, and the growing amenities of this prestigious neighbourhood.
HIGHLIGHTS: Just 75 condominium homes featuring nine-ft. ceilings, gourmet kitchens, and an enviable location near Maple Ridge’s downtown core where you’ll find a diverse selection of amenities and events including the Haney Farmers Market, Caribbean Festival, the Maple Ridge Leisure Centre, and ACT for live theatre and music. Or check out the great outdoors at Alouette Lake, Kanaka Creek Park, and Golden Ears Regional Park. Great shopping too — whether your preference is big box or boutique, it’s all here for your enjoyment.
Harmony: Richmond ON THE STREET: 8288 Granville Rd. ON THE WEB: harmonyrichmond.com
PRESENTATION CENTRE: 615 Broughton St.
Life in balance. Close to the city amenities of Central Richmond, yet with a peaceful setting, Harmony is a sophisticated collection of 119 highrise homes that’s coming soon. Walking distance to shops, restaurants, cultural venues, and transit yet far from traffic and congestion. Be sure to priority register early for this exceptional offering. Presentation centre anticipated to open early spring 2013.
ON THE WEB: duetvictoria.com
Next to Beacon Hill Park and walkable to everywhere in Victoria, this one is simply too much fun not to mention. Sophisticated, 21st century finishings include limestone backsplashes, quartersawn cabinetry, roller-shades with integrated valance, and in-floor radiant heat in ensuites and bathrooms. An exceptional opportunity to be part of downtown Victoria’s dynamic new vibe. HIGHLIGHTS:
HIGHLIGHTS: You’ll have to hurry if you want one of the remaining homes in these two towers located in the heart of Vancouver’s evolving Marpole neighbourhood. Features include living green-walls, rooftop groves and gardens, an outdoor yoga pavilion, indoor/outdoor entertainment lounge, a putting green, library, theatre, as well as The Granville Club with gym facilities, steam room and sauna. A brand new Safeway (replacing the much-loved original) will be part of the new retail that anchors this development. Hurry, because more than three quarters of these homes have already been sold.
TELL US YOUR NEWS Got a new
development, opening or other news you’d like us to feature in Condo Market Watch? Drop us a note at firstname.lastname@example.org, and we’ll do our best to get you in the next edition.
072 Condo Market Watch Nov30-JD.indd 72
11/27/12 5:17:13 PM
You love the condo, see what you can afford! Calculate your mortgage payments using the mortgage payment calculation chart
073-075 HomebuyersResource-JD.indd 73
11/27/12 5:17:17 PM
Calculate your mortgage payments interest rate
mortgage amount ÷ 1,000
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.
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.
74 metro vancouver new Condo Guide nov 30 - dec 14, 2012
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Mortgage payment calculation chart
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 nov 30 - dec 14, 2012 metro vancouver new Condo Guide 75
073-075 HomebuyersResource-JD.indd 75
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neW conDo DeVeLoPMentS Proj ect
c o n ta c t
LR LR LR HR LR
604.854.1201 604.746.3496 604.557.1047 604.746.1551 604.850.3694
Call From $169,900 From $98,600 Call From $179,900
604.453.5893 604.456.8883 604.291.9130 604.568.8270 604.299.3443 778.331.0348 604.288.7394 604.320.3386 liveatburnabyheights.com 604.435.9477 604.435.9477 604.435.8866 604.871.4256 liveatburnabyheights.com 604.889.7008 604.431.6033 604.320.3386 604.437.0100 604.294.4995 604.525.8496 604.435.8866 604.298.8800 604.899.8800 604.218.3338 604.294.3339 veniceliving.ca 604.970.9606
Call From Mid $200’s Call From $379,900 Call From $209,900 Coming Soon Call Coming Soon Call Call From $495,900 From $319,900 Coming Soon From $293,900 Call From $449,900 From $239,900 Call Call From Low $300’s From $249,900 From $279,900 From $249,900 Call Coming Soon From $259,900
LR SF/LR/TH LR
1.888.419.7425 604.824.5062 1.800.830.7175
From $125,900 Call From $184,900
From Low $200’s From $272,900
Abacus Uptown Brooklyn Lift Mahogany at Mill Lake Waterleaf BUrnaBY
Affinity Altitude Aviara Cassia Firma Highland House Kabana Lift Madison Metro One Metro Two Metroplace Moda Montage North Parc OakTerra Origin Panacasa Perspectives Reflections Silver Solo District The Met Trio Vantage Venice Vibe
HR HR HR LR/TH LR MR LR LR/TH LR LR LR HR HR LR LR LR LR LR/TH HR HR HR HR HR LR HR LR LR
cHiLLiWacK / SarDiS
Ameera Garrison Crossing La Cason coQUitLaM
Real Estate Sales & Marketing From the ground up
Live Work (LW)
city Home (cH)
Cascade Celadon Easton Emerson Evergreen Grand Central 1 Grand Central 2 Hazel MTwo Maya Mackin Park Oasis Tamarack Thomas House
c o n ta c t
MR HR LR LR HR HR HR LR HR LR LR HR LR LR
604.472.0009 604.552.7744 604.936.2012 604.936.9300 604.942.2672 604.618.8980 604.936.1888 778.829.1500 604.472.9555 604.288.9888 604.939.8874 604.461.2750 604.552.3003 604.552.1113
Call Coming Soon From Low $200’s Call Call From $419,900 From $309,900 From $220,500 incl. HST Coming Soon From Mid $200’s From $199,900 Call Coming Soon From $299,900
From $189,900 From $199,900
LR LR LR LR TH/LR LR LR LR LR LR LR
604.882.8857 604.530.7011 604.534.6000 604.533.7718 604.568.3385 604.510.6500 604.635.0643 604.514.1530 604.539.2200 604.888.2793 yorksoncreek.com
From $137,500 From $194,900 From $188,900 From $159,900 net HST incl. Coming Soon Call Call From $224,900 From $149,900 From $279,900 From $179,900
LR LR LR LR LR
604.463.0588 edgeonedge.com 604.477.1500 604.467.8884 604.506.5840
From $139,900 Coming Soon Call Coming Soon Call
HR LR HR
604.377.9630 604.694.1188 604.523.0733 ledmac.com/dominion 604.520.9890
Call Coming Soon Call Coming Soon From $218,900 new HST incl.
Atria Luxor LanGLeY
Athenry Gate Bearing Pointe Cornerstone Elements Focus Murray’s Walk Serenade Suede Varsity Village at Bedford Landing, The Yorkson Creek MaPLe riDGe
223 North Edge on Edge Falcon Centre Parc Vue Urban Green neW WeStMinSter
258 on Sixth Brewery District Carlyle at Victoria Hill Dominion Duo at Port Royal High rise (Hr)
Mid rise (Mr)
LR Low rise (Lr)
Representing the best in New Home Sales across the Lower Mainland from Townhomes to Condos. Homes starting in the $150’s
FIFTHAVE.CA 76 metro vancouver new condo Guide nov 30 - dec 14, 2012
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 email@example.com P r o j e c t T Y P E
Elliot St Grove, The Marinus @ Plaza 88 Northbank Red Boat at Port Royal Regatta at Port Royal Shift Viceroy
HR LR HR HR DP LR LR HR
c o n ta c t
P r o j e c t T Y P E
604.524.8080 604.523.0733 604.519.9188 604.523.0081 604.520.9890 604.520.9890 778.397.2283 604.522.2583
From $159,900 Call Call From $261,900 From $457,900 From $390,900 From Low $200’s From $289,900
15 West HR 604.980.9949 221 East 3rd LR 700 Marine Drive LR/LW 604.984.0700 Anderson Walk LR 604.988.8236 Atrium at the Pier MR/TH 604.983.9065 Capstone MR 604.929.8870 Destiny 2 at Raven Woods LR 604.929.1915 Drive, The LR 604.986.8138 Gateway on Marine LR 604.889.4551 Kimpton, The LR 604.988.3020 Landing, The MR 604.983.9065 Local on Lonsdale hr/LR/th 604.998.0219 Maplewood North LR 604.727.1594 Orizon LR 604.638.6240 Pinnacle Residences at the Pier MR 604.983.9065 Prescott, The HR 604.969.3333 Remix LR 604.924.8885 Versatile Building, The LR 604.924.5595
Call Coming Soon From $299,000 From $439,900 Call From $324,900 From $289,900 Call Call From $359,900 Call From $309,900 From $378,900 Call Call From Mid $200’s Call From Low $300’s
Cedar Downs Solaris at Meadows Gate Liv42
LR HR LR
PORT COQUITLAM Avanti LR Burleigh Walk LR Carmandy LR Residences on Shaughnessy, The LR Shaughnessy, The HR South Verde LR Valorie on the Park LR
778.846.3200 604.460.8998 604.460.6601
Call Call From $134,900
604.468.2707 604.464.5856 604.435.9477 604.468.0010 604.468.8252 604.468.8252 604.464.4764
Call From low $200’s From $209,900 From $199,900 Call Call From $175,000
604.552.0552 Penthouse (PH)
Call Live Work (LW)
City Home (CH)
c o n ta c t
Alexandra Gate Altis Bravo Camber Cambridge Park Centro Emerald Gardens, The Mandarin Mayfair Place Monet Nova Omega Opal at Richmond Centre Ora Parc Riviera Remy River Park Place Quintet River Green River Inlet Saffron Southpointe Cove
LR LR HR LR/HR LR HR/TH HR/TH LR MR LR HR HR LR HR HR LR/TH LR HR HR MR/TH MR/TH LR LR
604.283.2104 604-231-0588 778-297-6222 604.276.0677 778.297.7511 604.270.8305 604.244.8333 604.271.3331 604.233.1687 604.278.5809 604.233.7748 604.278.8883 604.233.7748 604.303.7575 604.278.8838 604.231.5900 604.279.8866 riverparkplaceliving.ca 604.247.8885 604.233.2633 604.233.2633 604.270.2482 604.821.1333
From $188,800 From $298,800 From $298,800 Call From $259,900 From $389,900 From $288,000 From $239,800 From $299,900 From $319,900 From $288,900 From $299,900 From $279,900 From $464,900 Call From the $200’s From $211,900 From $299,900 Call Call Call Call Call
LR TH/LR BL/SF TH LR LR LR
604.339.7550 1.877.344.5566 604.687.7066 604.898.2232 1.877.815.4664 604.306.8911 1.888.852.7575
Call From $239,000 Call Coming Soon Coming Soon From $210,000 Call
HR LR LR LR HR LR LR
3civicplaza.ca 604.596.2202 778.565.3879 604.395.3080 604.580.4199 778.395.1886 778.395.7704
coming soon From $170’s From $189,900 From $169,900 From $186,900 From $118,800 Call
SQUAMISH / WHISTLER
Artisan, The Aqua Bracken Arms Elaho Mireau at Oceans Gateway Studio SQ University Heights SURREY
3 Civic Plaza Ascend Atria Brookland, The Citypoint Connect Edge High Rise (HR)
Mid Rise (MR)
Low Rise (LR)
nov 30 - dec 14, 2012 metro vancouver new Condo Guide 77
P r o j e c t T Y P E
c o n ta c t
Emerald Heights LR 604.760.6500 Ethical Gardens LR 604.584.1172 G3 Residences LR 604.453.6688 Latis LR 604.575.0669 Latitude LR 604.596.5075 Lumina LR 604.760.7672 Monterosso LR 604.596.8828 Parc Avenue HR 604.583.9866 Park Central LR 604.817.5852 Park Place HR 604.583.9866 Quattro LR 604.581.8000 Ultra at Urban Village HR 604.588.6999 Verve LR 604.588.3783 Wave, The HR 604.951.9283 CLOVERDALE Latis LR 604.575.0669 Salix LR 604.530.0054 Sunset Grove Apartments LR 604.532.7711 Waterstone LR 604.530.5399
P r o j e c t T Y P E
From $179,900 From $235,900 Call From $194,900 From $264,900 From $249,900 incl. Net HST From $249,900 Coming Soon From $269,900 From $289,900 From $199,900 Call From $160’s Call From $194,900 From $229,900 From $219,900 From $219,900
VANCOUVER & AREA DOWNTOWN
540 Beatty 999 Seymour Alexandra Central Cosmo Erickson Fairmont Pacific Rim Estates Jameson House Keefer Keefer Block Laguna Living Shangri.La Maddox Mark, The Modern Ritz, The Rolston, The Sapphire, The Smart Three Harbour Green
LR 604.684.5403 MR 604.879.9996 HR 604.899.8800 HR 604.687.4353 HR 604.899.8800 HR 604.899.8880 HR 604.781.4303 604.339.0707 HR LR 604.408.2580 LR 604.682.8813 HR 604.682.5300 HR 604.605.8833 HR HR 604.687.4353 HR amacon.com HR 604.876.9222 HR 604.688.8927 HR 604.876.9222 HR 604.899.8800 TH/HR 604.683.3388
From $869,000 Call From $839,900 Call From $428,900 From $2,499,000 Call Call From $1,600,900 From $249,900 From $900,000 Call Coming Soon Call From $300’s From $829,900 Call From $699,900 From $337,900 Call
Alba Charm Cedar 54 Lido Local Main Street Majestic On Main
LR LR LR HR LR LR LR
604.251.2522 604.330.8838 604.325.0192 604.872.2672 604.688.5527 604.877.1116 604.638.9222 Penthouse (PH)
From $349,000 From $266,900 Call From $458,900 From $349,900 Coming Soon From $339,900 Live Work (LW)
City Home (CH)
Sesame Skyway Uptown Wall Centre Central Park
LR HR LR HR
c o n ta c t
604.253.8888 604.436.1100 604.899.8800 604.874.9232
From $259,900 Call From $276,800 From $349,000
700 West 8th HR 5555 Dunbar LR 6 & Fir HR Academy HR Bayswater LR Cambie & 7th HR/TH Collection 45 LR Elizabeth LR Exchange LR James MR Kits360 LR Maynards Block, The LR MC2 HR Meccanica HR Opsal HR Pinnacle Living Broadway MR Pinnacle Living False Creek MR Radius Sail LR Sixth and Willow Sydney HR The Village on False Creek HR Westerly, The LR Yu MR
604.714.2213 604.568.7551 604.899.8858 604.228.8895 604.739.8880 604.568.5060 604.569.1555 604.877.1722 604.716.0483 604.675.1000 604.737.0360 604.893.8378 604.638.9998 604.876.8819 604.876.7332 604.739.2080 604.874.8368 ledmac.com/radius 604.221.8878 sixthandwillow.com 604.733.6688 604.733.2010 604.558.3399 604.827.3488
From $819,900 Call From $449,900 From $498,000 Call Call Call Call Call From $424,900 From $299,900 From $262,900 From $259,000 From $324,900 Call From $429,900 From $369,900 Coming Soon Call Coming Soon From $469,900 Call From $300,000’s From $452,400
Solei Terrace Tsawwassen Springs
Call From $490,000
604.531.6659 604.531.9030 604.535.9655 604.908.2352 604.536.1663 604.535.1451 778.545.8737 604.542.8700 604.582.1336 604.538.3237
Coming Soon From $339,900 From $229,900 Coming Soon Call From $259,000 Call From $637,900 From $234,900 Call
Evelyn Galleries on the Bay
WHITE ROCK / SOUTH SURREY
Adagio Avra Edgewater Europa Gemini Headwaters Heights, The Miramar Morgan Crossing Sausalito High Rise (HR)
Mid Rise (MR)
LR HR LR LR LR LR LR HR LR LR Low Rise (LR)
New homes available throughout
www.macmarketingsolutions.com Metro Vancouver & Calgary We sell the homes you want to buy. /MacMarketingSolutions 78 metro vancouver new Condo Guide nov 30 - dec 14, 2012
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40 HOMES AVAILABLE UNDER $299K
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MODERN URBAN INTERIORS
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(extraordinary floorplans for easy living)
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BIG DECKS WITH EVEN BIGGER VIEWS
1 BEDS FROM $259K • 2 BEDS FROM $429K 8160 CAMBIE STREET ON THE CANADA LINE
OPEN DAILY 12-5PM, CLOSED FRIDAYS OR BY APPOINTMENT
MARINE DR 70TH ST *PRICES SUBJECT TO CHANGE WITHOUT NOTICE. THE DEVELOPER RESERVES THE RIGHT TO MAKE CHANGES TO THE INFORMATION CONTAINED HEREIN. E.&O.E.