Issuu

Nov 29 - Dec 13, 2013 Volume 03 Issue 24

The Best Offering on the North Shore INSIDE THIS ISSUE

MAKE SENSE OF MORTGAGE TERMS, SAVE THOUSANDS

DEVELOPMENTAL CHARGES AND YOU

CONDOMINIUM FEES DELIVER AFFORDABLE LUXURY

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4 METRO VANCOUVER NEW CONDO GUIDE NOV 29 - DEC 13, 2013

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UNIVERSITY DR

NEW CITY HALL

SURREY CENTRAL SKYTRAIN

KING GEORGE BLVD

104 AVE

SFU

NOV 29 - DEC 13, 2013 METRO VANCOUVER NEW CONDO GUIDE 5

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S* M O O BEDR ONTH E N E O ,355 / M T E R CONC ONLY $1 FROM

GOLD STAR SALES EVENT STARTS NOV 30!

A Boutique Community of Only 61 Concrete One Bedrooms from $359,900 Two Bedrooms from $469,900 Previously unreleased penthouse homes up to 1,500 square feet now available Contact sales team for details.

*Monthly payments based on 15% down payment with 3.85% 3 yr. rate, with monthly cash-back promotion; can not be used in conjunction with other promotions. The Developer reserves the right to make changes and or modifications. All dimensions are approximate. E. & O. E.

6 METRO VANCOUVER NEW CONDO GUIDE NOV 29 - DEC 13, 2013

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BUMMED OUT BECAUSE YOUR MOM ONLY WALKS YOU ON THE SIDEWALK? Canada Trail and minutes to the world-renowned canine playground of the Coastal Mountains. A collection of

W 14th Street

Marine Dr

Bewicke Ave

into his instinctual element. Live just steps to the Trans

Mosquito Cr eek Ln

Stop walking your dog on concrete and put him back

W 15th Street

Fell Ave

One Bed + Den from the 290’s* Two Beds from the 390’s*

ive

sixty apartment homes ranging from one + den to two + den atop a vibrant social hub. Now that’s how you Live West Coast.

Book your private hard hat tour today in advance of new on-site display opening in mid-November.

Presentation Centre 103 – 735 W. 15TH Street, North Vancouver 604.924.4488 | adera.com

*LIMITATIONS APPLY. SALES BY DISCLOSURE STATEMENT ONLY. E&OE. SEVEN30 ADERA PROJECTS LTD. ADERA PROJECTS LTD. ADERA REALTY CORP. 2200 – 1055 DUNSMUIR ST., VANCOUVER V7X 1K8 | 604.684.8277

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TABLE OF CONTENTS

November 29 December 13, 2013 VOLUME 3 ISSUE 24

16 CAPSTONE

Complete North Shore living BY SUSAN M BOYCE

COLUMNS, NEWS & FEATURES 012 EDITOR’S NOTE COLUMNS

020 B UYER PROFILE William and Helen at the Shore BY SUSAN M BOYCE

032 CONDO PRO Condominium fees: Delivering affordable luxury to your front door BY BARBARA LAWLOR

040 MORTGAGE MINUTE Saving thousands by making sense of mortgage terms

054 F ITNESS GALLERY The importance of sleep BY MARK J STABLES

062 F UNDAMENTALLY SPEAKING What buyers can do about Developmental Charges BY WAYNE KARL

070 F INANCES How to take finances from mine and yours to ours, at any age 074 D ESIGNER ADVICE All-uminium you need BY YANIC SIMARD

078 C ONDO SENSE Fall round-up

BY CAMERON MCNEILL

IN THE NEWS

026 BRENTWOOD A new model for an urban community 046 B OB RENNIE At GVHBA Annual Election Meeting and Awards of Excellence BY DIANE DUFLOT

058 C MHC Housing starts

BY PETER KINCH

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METROTOWN’S MOST EXCLUSIVE RESIDENCE

BY BOFFO, DEVELOPER OF THE AWARD-WINNING JEWEL TOWERS

SETTING THE STANDARD FOR LUXURY

NOW SELLING

THE WAIT IS OVER – VISIT OUR PRESENTATION CENTRE TO DISCOVER A NEW BENCHMARK FOR CONDOMINIUM LIVING

KIN

NELSON AVE

ROYAL OAK AVE

ESF O

PRESENTATION CENTRE MARLBOROUGH AVE

BER

WIL

LIN

AVE

GSW AY

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

OPEN DAILY 12 – 5PM (CLOSED FRIDAYS) MARKETING BY

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Vice-President, Wall2Wall Media

Jacqueline Hill Editor-In-Chief / Director of Content

Susan Legge Director of Sales, National

Josh Heppner Senior Sales Manager, Western Canada

Edwin Rizarri Art Director

Sarah Jang Editor

Diane Duflot

FEATURE DEVELOPMENT

Contributing Editors

Lydia McNutt Sara Duck Wayne Karl

THE ROLSTON The new downtown lifestyle BY SUSAN M BOYCE

Design Editor

Yanic Simard

44 Media Consultants

Dave Bird 604.319.7102 Brenda Everitt 604.319.7103 Sales Coordinators

Justin Salvador Ranee Pal

Production Manager

Bala Gnanapandithan Graphic Designer

Caroline Wassef Production Co-ordinator

Mohammad Haidarpour CONTRIBUTING EDITORIAL WRITERS

Susan M Boyce Janine Mackie Michelle Hopkins Karen Gram

Published By

80 CONDO PROFILE

MAPS

080 R IVER GREEN The dream made real

014 North Shore

BY SUSAN M BOYCE

HOMEBUYERS’ HELP

028 Tri-Cities

084 CONDO MARKET WATCH Condominium homes to keep your eye on

034 Vancouver

085 HOMEBUYERS’ RESOURCE SECTION

076 Richmond

BY SUSAN M BOYCE

088 L ISTING DIRECTORY

008_010 Van TofC_DD 10

024 B urnaby/ New West

048 Surrey/Langley 066 South Surrey/ White Rock 082 Maple Ridge/ Pitt Meadows

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

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

ADVERTISING

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

2013-11-25 11:16 AM

ONE, TWO & THREE BEDROOM HOMES ON THE EVERGREEN LINE STARTING FROM $288,900 294 HOMES SOLD. 16 HOMES AVAILABLE. VISIT US TODAY.

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EDITOR’S NOTE

MAKE WISE CHOICES

and enjoy the process

SUSAN LEGGE

When only a brand-new home or condo will do, those in the market will be pleasantly surprised by the exceptional value and attention to detail “new” offers. When you buy new, you don’t inherit somebody else’s worn carpeting, personal taste in kitchen appliances or paint colour preferences. You get a fresh, clean space that’s waiting for your personal imprint.

›› Determine which options and upgrades you want as part of your offer and ensure your lender will finance what’s required, if needed; ›› To save money, consider which upgrades you could purchase and install yourself after the sale closes. Some upgrades such as rough-ins and wiring inside the walls are easier to do before construction.

If you’ve always fantasized about buying a brand new home or condo suite, here are a few tips that can help you make the process a pleasant one: ›› Shop the mortgage market to see what you can afford before you start your hunt; ›› Obtain a lawyer who is willing to review your offer and close the deal; ›› Don’t be persuaded by high pressure sales tactics while you’re out shopping;

Factors such as the cost of the home, the neighbourhood, the size and special features all play a big role in your final decision. Determining which features your new place absolutely must have, and which features you could live without, should be among your first steps in the home-buying process. We hope you enjoy this issue of our magazine. Let us know what you think! We’d love to hear from you.

EDITOR-IN-CHIEF

Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge Like us on facebook search: Condo Guide

’TIS THE SEASON

to get in financial shape!

DIANE DUFLOT

EDITOR

Wall2Wall Media Diane.Duflot@wall2wallmedia.com

Do you hear those sleigh bells jingling, ring-ting-tingling, too? Too soon? Although many of us lament the fact that the Christmas sales pitch begins as soon as the last trick-or-treaters close their eyes on Halloween night, we might take it as a gentle reminder that ’tis the season to get our finances in order, because a new year is right around the corner. As such, we’ve got lots of great financial advice for you this issue of New Condo Guide. From

Peter Kinch’s clear explanation of mortgage terms intended to help you save money in “Saving thousands by making sense of mortgage terms,” to Wayne Karl’s advice to home investors in “What buyers can do about Development Charges,” to “Barbara Lawlor’s evaluation of the benefits that come of paying condo fees in “Condominium fees: Delivering affordable luxury to your front door,” we’ve got you covered.

Follow me on Twitter at Twitter.com/DianeDuflotW2W

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PRICELESS INTERIORS. PRICELESS VIEWS. FOR A PRICE THAT’S NOW THOUSANDS LESS.

15 West offers unlimited beauty with a limited-time incentive of $10,000 off any 1 bedroom home and $20,000 off any 2 or 3 bedroom home. North Vancouver’s most distinguished new home collection continues to offer an unmatched location in Central Lonsdale with captivating views and designer finishes. Visit us today to see what 15 West living is all about.

1 bedroom homes priced from the $350s* 2 bedroom homes priced from the $490s*

5 homes sold last month Move in summer 2014

VISIT 15WEST.CA

CALL 604.980.9949

PRESENTATION CENTRE

OPEN DAILY 12-5PM (EXCEPT FRIDAYS) 1525 LONSDALE AVE, NORTH VANCOUVER *Prices subject to change. See Sales associate for details. E.&O.E.

NOV 29 - DEC 13, 2013 METRO VANCOUVER NEW CONDO GUIDE 13

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RO SS RD

Sky H

R VE GO TR

Sea To

EN D

NORTH SHORE | SQUAMISH | WHISTLER DEPOT RD

DR ORO

UG H

LONSDALE AVE

DR E NS

CHEAKAMUS WAY

1a MARINE DR

A10

BOULEVARD

BA I LD

MARINE DR

W AY

Y WA KI

MAMQUAM RD

STANLEY PARK y

VE R GO

E NT

LOGGERS LN

QU E E NS WAY

RAVEN DR

LYNN CANYON PARK

MT SEYMOUR PKY A7

KEITH RD E

L LEVE LOW

R D E MAI N

A8. T HE ANCHOR

13th & Lonsdale 604.969.3333

A4. O RIZON ON THIRD Sale Centre 21 Lonsdale Ave

A5. 1 5 WEST

rton

Dolla

Hwy

300 Mt Seymour Parkway 3 604.800.2120 131 THIRD ST 604-988-8800

A9. T HE SHORE

Presentation Centre 238 Fell Ave 604-980-0016

A10. HEYWOOD ON THE PARK 1621 Hamilton Ave 604-985-0003

5th just off 1 CH E Lonsdale RR 604.980.9949 Y DR

B UC

SQUAMISH

KLEY AVE

UD TEA PLA

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

A6. CAPSTON

129 W 2 ST 604-929-8870

VAL LEY

DA VE DA VE

A8 A6

A2. REMIX

A3. T HE PRESCOTT ROBIN DR

SEABUS

A7. NORTHLANDS

#103 - 735 West 15th St 604.924.4488

FINCH DR

KEITH RD W A3

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

BRENNAN PA R K

N LY

EY LL VA

NORTH SHORE

CENTENNIAL WAY

MAGEE ST

Mountain Hwy

TH B

MATHERS AVE

DEMPSAY RD

SD AL EA VE

LIGHTHOUSE PARK

DALE R D

LO N

INE

CH IPPE N

CAPILANO RIVER REGIONAL PARK

PERTH DR

MAR

STE V

L OW

SOU

R CYP

B ESS

TANTALUS RD

CYPRESS FALLS PARK

15TH ST

NELSON CANYON PARK

LYNN HEADWATERS REGIONAL PARK

21ST ST

CYPRESS

25TH ST

RUN

CYPRESS BOWL RD

EAG LE

NORTH SHORE

14 METRO VANCOUVER NEW CONDO GUIDE NOV 29 - DEC 13, 2013

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Reasons to Buy at Capstone Now

1 2 3 4

CONSTRUCTION COMPLETE SPRING 2014

CONCRETE CONSTRUCTION

The Best Offering on the North Shore WEST 1ST ST SALES CENTRE

2 BLOCKS TO SEABUS

LONSDALE AVE

WEST 2ND ST CAPSTONE

CHESTERFIELD AVE

WEST 3RD ST

LOCATED ON A QUIET RESIDENTIAL STREET

OVER 50% SOLD GREAT HOMES STILL AVAILABLE

% Deposit

IS ALL YOU NEED TO OWN AT CAPSTONE

PRICED FROM ONLY $364,900!

135 WEST 1ST ST. OPEN 12 – 5PM DAILY (EXCEPT FRIDAYS)

604.929.8870 LIVEATCAPSTONE.COM

Capstone is developed by Fairborne Capstone Homes Ltd. Rendering is representational only and may not be accurate. Pricing and incentives are subject to change without notice E.&O.E.

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cover story

It’s a sunny, autumn day here in

Lower Lonsdale. Outside Capstone’s newly opened presentation centre, the tree-lined streets are changing colour. A man holding a yoga mat emerges from the John Braithwaite Recreation Centre and heads to the coffee shop next door. “We have such a wonderfully diverse mix of homeowners and amenities in this neighbourhood,” says Chad MacTavish, Capstone’s sales manager. “People love it because it’s so well connected and convenient — which locals know but often surprises visitors. IGA Marketplace, Shoppers and the Lonsdale Quay are all within a couple of blocks. There are quite literally dozens of incredible restaurants in every direction. And you’re less than a five-minute walk to the SeaBus, so not only can you get to downtown Vancouver within 15 minutes, you never have to drive to the airport again — people forget about that.”

Capstone Complete North Shore Living // by Susan M Boyce

Outstanding Value Now well under construction, Capstone is built by Fairborne and is the company’s fourth concrete condominium residence in Lower Lonsdale. “Fairborne truly was a pioneer in shaping this neighbourhood,” Chad says. “Buyers get such a great sense of confidence when I can point to three other buildings from the same developer. Plus, even though every building is different, there’s an overall cohesiveness so it feels like a masterplanned community. You could say it’s like the final piece of the puzzle.” Delightful and inviting, is also the intermingling of public walkways, paths, and public art among the four buildings. “It’s part of thinking about how the homes and landscaping will

16 metro vancouver new Condo Guide nov 29 - Dec 13, 2013

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“ We have such a wonderfully diverse mix of homeowners and amenities in this neighbourhood.” Chad MacTavish

add value for buyers and the neighbourhood now and in the future,” Chad explains pointing to a replica of Nebula Garden, the newest public art installation. A curved, 60-foot glass wall filled with bursts of colour and then backlit, this dramatic addition will be like a galaxy dancing right outside your front door. Capstone’s boutique size, just 71 homes in all, has also been a hit. “A lot of people simply don’t want to live in a highrise,” Chad says. “In a smaller building, you get to know your neighbours — not just the five or six people who live on your floor. So it’s a much friendlier environment.” Fabulous Finishings Inside, I soon discover that Capstone is all about casual elegance and great design. Nine-foot ceilings, oversized windows, hardwood laminate flooring — this home has it all. “Kitchen appliances, including the gas range, are full-sized and top-of-the-line in their class — downsizers especially love them,” Chad says. He points out the soft-

close cabinetry in genuine wood veneer, and then opens the corner cabinets to reveal dual lazy-susans plus a fixed shelf in each. “You could still store cans or jars in the corners — so you’ve got all the convenience and not an inch of wasted space.” Brilliant. The master bedroom too has a surprise. Chad opens the door to what I’d initially thought was the second of two regular-sized closets in a walkthrough to the ensuite, and voilà — I discover a full walk-in or, as Chad concedes, the “hers” of this home’s “his’n’hers” closet space. Even the ensuite is a showcase of intelligent design. There’s a built-in medicine cabinet for tucking things neatly out of sight, dual sinks set into a marble slab counter, and a convenient accent ledge below the vanity mirror — I’m thinking flowers or candles would look perfect. Homeownership Made Easier With Capstone’s prices and concrete construction already turning heads, Chad has yet more good news. “From now until closing, you can secure your Capstone home for just five per cent down,” he explains. “That could be the difference between $25,000 and $100,000 — which is a lot. And it’s not just first time buyers who appreciate the savings. It’s also great for downsizers who often want time to sell their existing family home once they’ve made the decision to live here.” Capstone has an excellent selection of one-bedroom and den or two-bedroom homes priced from $379,900 with move-ins scheduled for spring 2014. Capstone’s presentation centre and display home are open noon to 5 p.m. daily except Fridays at 135 West 1st (just west of Lonsdale) in North Vancouver. For more information visit liveatcapstone.com or call 604.929.8870. nov 29 - Dec 13, 2013 metro vancouver new Condo Guide 17

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NORTH SHORE/SQUAMISH/WHISTLER

GST INCLUDED* BUY TODAY! LIMITED TIME ONLY

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

(EXCEPT FRIDAYS)

HEYWOODLIVING.CA 604.985.0003

AV E

HEYWOOD PARK

MARINE DR

N TO IL M A H

HA MIL TO N

MACK AY

W 17TH ST

W 15TH ST

1621 HAMILTON AVENUE NORTH VANCOUVER OPEN HOURS 12–5PM Daily

AV E

VISIT OUR SALES CENTRE

TOBRUCK ST

16TH ST W E AV

MA RIN E

1 BEDROOMS STARTING FROM

$288,900

Prices and offering subject to change without notice. Offering includes Net GST and transitions taxes to a maximum of 3.2%. Purchasers responsible for all other taxes and fees. Qualified purchasers only. See sales person for details. E.&. O.E.

18 METRO VANCOUVER NEW CONDO GUIDE NOV 29 - DEC 13, 2013

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NORTH SHORE/SQUAMISH/WHISTLER

MONTHS

& COUNTING

WE’RE EXPECTING!

MOVE-IN SUMMER 2014

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

IN JUST 9 MONTHS, INTRACORP WILL DELIVER A SENSATIONAL ADDITION TO LOWER LONDSDALE Next summer, the North Shore’s most desirable neighbourhood will welcome Orizon on Third. You can expect smartly-designed and spacious homes, perfectly located minutes to the Seabus, Lonsdale Quay Market, cafes and restaurants. Orizon on Third is the best new home value in Lower Lonsdale. Visit today & start counting down to your special move-in day.

CONSTRUCTION PRICES

1 bedroom homes from $309,900 2 bedroom homes from $459,900

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

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

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BUYER PROFILE

WILLIAM HELEN AT THE SHORE Close to it all

ight from day one, William and Helen’s homehunting strategy had a straightforward, unwavering focus: find a comfortable apartment on the North Shore so they would be closer to William’s work. The couple had been searching, unsuccessfully, for several months — everything they saw was either too small, too pricy, or simply didn’t complement their lifestyle. Then they stumbled on The Shore’s presentation centre, and life took a new turn. Stylish Living With a View Too

High on the list of winning wow factors is their home’s private rooftop deck. “Our apartment is about 1,000 sq. ft., but because our deck is close to 500, it’s going to be like having half as much space again,” William says. “We have a northwesterly view, so I’m sure we’ll be able to see the oceans as well as the mountains.”

“MOVING TO NORTH VANCOUVER WILL TAKE ME OFF THE ROAD FOR A MINIMUM OF TWO AND A HALF HOURS EVERY DAY.” WILLIAM

An ardent fan of the uncluttered aesthetic, Helen says The Shore’s kitchen immediately attracted her attention. “I like a clean, modern look and I do not like wood,” she says emphatically. The Shore’s white-on-cream palette was a

// BY SUSAN M BOYCE

perfect match. “We both like white especially for the kitchen, because then you can add colour with accent walls or accessories.” She laughs. “My favourite colour is bright yellow because it’s like sunshine. I’m definitely not a quiet kind of gal when it comes to colour.” While William says he immediately liked the layout, he’s also looking forward to indulging in some of Adera’s many upgrades. “We still have a couple of months to decide exactly which ones we want, but for sure we’re going to get the frameless glass shower in the ensuite because it looks so elegant and doesn’t cost a lot. We’ll probably also get a hot tub on the rooftop deck.” Hello Convenience

Still, it’s saying “bye bye” to the daily commute from Fort Langley that’s got William and Helen most excited. “Moving to North Vancouver will take me off the road for a minimum of two and a half hours every day — more if there’s an accident anywhere on the freeway,” William says. “And when we do want to go to downtown Vancouver, it’s only a 20-minute walk to the SeaBus.” “And no more tolls,” Helen says totally unable to suppress her enthusiasm. “We have four grandchildren in Maple Ridge and another four in Mission, so right now we’re using the Golden Ears Bridge as well as the Port Mann. That’s $430 a month we’ll be saving in tolls.” The Shore presentation centre is found at 238 Fell Ave. in North Vancouver. For more information visit adera.com.

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NORTH SHORE/SQUAMISH/WHISTLER

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MOVE IN

FEB

A great selection of view homes are still available.

2014

Future Home of

final opportunity. over

90% sold.

Visit the Pre-View Centre. Open 12â€“5pm daily (closed Thursday and Friday). 101-1133 Lonsdale Avenue, North Vancouver. Signature north Shore Living at LonSdaLe + 13th

tHepresCott.Ca | 604.969.3333

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.

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

BARNET MARINE PARK

INL ET

CONFEDERATION PARK

SPERLING AVE

GA GL

SQUINT LAKE PARK

ROYAL OAK AVE

WILLINGDON AVE

B2. VIBE

AY IW

A GL GA

LOUGHEED MALL

CA N

68 Sixth Street 604.525.8980

B4. ELLIOT ST

336 Columbia Street 604.524.8080

DEER LAKE

DEER LAKE PARK

ROYAL OAK AVE

R WA

AY NW

E AV B4 L B3 YA RO

E ST

DUNCAN ST

E WAY YD BO

BOUNDARY RD

A4. MODELLO

E AV

1710 Gilmore Avenue 604.291.9130

AY TW

A2. RED BRICKS

A3. AVIARA

A1. REFLECTIONS

BURNABY 107 - 7090 Edmonds St. 604.525.8496

MAR IN

MARIN E WA Y

QUEEN’S PARK

FI SOUTHRIDGE DR

E AV

H 6T

E AV

B2 TH 10

BRAID ST

E AV

H 8T

E AV

IMPERIAL ST

MAR IN E

TH 10

IMPERIAL ST

E AV

AY W

WA Y

H 6T

A AD

D ST

N CA

KI N

NELSON AVE

B3. DOMINION

Belmont & 6th Street 604.522.2583

AD AW AY

METROTOWN

7377 14th Ave 604-9606

B5. VICEROY

PATTERSON AVE

BURNABY LAKE REGIONAL PARK

GILLEY AVE

BOUNDARY RD

AUSTIN AVE

SE MARINE DR

ITY

Lougheed Hwy

SPROTT ST

OAKL AN CENTRAL PARK

WA Y

BROADWAY

49TH AVE

E N IV

EYS TON

BURNABY MOUNTAIN GOLF COURSE

BCIT

18 Begbie Street 604.523.0081

SFU

BRENTWOOD MALL

B1. NORTHBANK

NORTH RD CL

Barnet Hwy UN IVE RSITY DR

CLIFF AVE

HOLDOM AVE

WILLINGDON AVE

HASTINGS ST

BURNABY MOUNTAIN PARK

A4. BRENTWOOD

theamazingbrentwood.com

5021 Kingsway 604-456-0688

Griffiths Dr & 14th Ave 604.527.7955

24 METRO VANCOUVER NEW CONDO GUIDE NOV 29 - DEC 13, 2013

Aug.17 2012

7.625”x1.625”

Ledingham McAllister

CMYK

024-Burnaby New Westminster 2011_CG.indd 24 CG Banner Ad Redesign

Legacy Sans

2013-11-22 4:43 PM

BURNABY/NEW WESTMINSTER

BLOW OUT SALE ON ALL REMINING UNITS One year strata fees included and free 2nd parking stall for 2bed unit ODAY E IN T D MOV SOL 90%

Metrotown • Highgate Village • BCIT • Skytrain • Dining • Shopping • Library • Central Location • • • • • •

VibeBurnaby.com

Spectacular, Contemporary and Impressive four story innovative design building. Studio, One bedroom and Two Bedroom apartments available. Open floor plan with huge private covered balconies and frosted glass railing. Impeccable Quality, upscale finishings and all luxurious Features. Huge 2000 sqft of indoor Amenity Room and private Gym. Conveniently located to Schools, Skytrain, Bus and Shopping Mall.

PRESENTATION CENTRE OPEN SAT-SUN 1-4PM

Studio

from

$199,900 | 1 Bedroom

from

$269,900 | 2 Bedroom

from

$359,900

604-970-9606

live@vibeburnaby.com 7377 14th Avenue, Burnaby, BC

Kirpal Realty

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In The News

Brentwood Redevelopment Plan to Create a New Model for an Urban Community Shape Living introduces a world-class, mixed-use, transit-oriented neighbourhood

Shape Properties will soon commence construction

of the first phase of Brentwood, which will transform the existing property into a completely new lifestyle destination, the scale of which is unprecedented in the Greater Vancouver Region. The initial phase of ‘The Amazing Brentwood’ will be situated on the front 10 acres of the property, directly connected to the Brentwood Town Centre SkyTrain station at the corner of Lougheed and Willingdon. The premiere phase of this masterplanned community will feature two iconic residential highrise towers as well as over 350 new shops and services, a high street and a public plaza. One of the signature elements of this community will be the extraordinary experience when arriving by SkyTrain. The station platform will open directly into the social heart of the community: the one-acre public plaza. Lined with unique shops and restaurants, this outdoor space will feature open-air patios and roof top gardens, and will create an amphitheater of

activity and an outdoor ‘living room’ for the two spectacular residential towers flanking the plaza. Darren Kwiatkowski, Executive Vice President of Development for Shape Properties, says, “The sheer size of the 28-acre Brentwood development makes it noteworthy, but what we are really passionate about is how Brentwood takes the art of great place making and the convenience of mixeduse, transit-oriented development to a whole new level. Brentwood will deliver a truly unique offering in the marketplace.” Designed in partnership with world-renowned architects James K.M. Cheng and SWA, Brentwood will deliver an exceptional lifestyle experience unrivalled in the Greater Vancouver Region. Shape Properties will unveil the detailed story of The Amazing Brentwood early next year, when they open their 14,000 square foot Presentation Centre. Joining the team to brand and market the residential towers, Shape Properties has selected real estate sales and marketing firm, Rennie Marketing Systems. Residential sales are slated to commence in spring 2014. For more information on The Amazing Brentwood, please visit www.theamazingbrentwood.com.

26 metro vancouver new Condo Guide nov 29 - Dec 13, 2013

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Published by

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2013-11-22 4:13 PM

LV D KW AY B

UB T EA PLA

COAST MERIDIAN RD

RIDGE PARK

ET R

WA Y

PA R

LVD

COQUITLAM | PORT COQUITLAM | PORT MOODY | PITT MEADOWS

VICTORIA DR

Barnet Hwy

ST JOHNS ST

LINCOLN AVE

COQUITLAM CENTRE

DEWDNEY TRUN K RD PRAIRIE AVE R

SY ES DAW ES

ghe

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DOMINION AVE

DEWDNEY TRUNK RD

COLONY FARM REGIONAL PARK

MEADOW GARDENS GOLF COURSE

a yp

ll B

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FORD RD FRASER RIVER

COQUITLAM

PORT COQUITLAM

A1. COMO

A4. CELADON

A2. BLOOM

A5. REGAN'S WALK

A3. BLUETREE HOMES AT MACKIN PARK

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Sales Centre #101 - 618 Langside Ave. 604.939.8808

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

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B1. ORCHID

2455 Wilson Ave. 604.866.4206

HARRIS RD

HAMMOND RD PITT MEADOWS AIRPORT

404 - 552 Clarke Ave 604.936.0336

123RD AVE

207TH ST

VE TE A

Lou

Hwy

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AUSTIN AVE

MARI NE R WAY

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AUSTIN AVE

OTTAWA ST

LINTON ST

SMITH AVE

COMO LAKE PARK

GATENSBURY ST

NORTH RD

COMO LAKE AVE

A5 A1 A2

BLUE MOUNTAIN ST

216TH ST

PIONEER MEMORIAL PARK

INLET PARK

LA NS BL VD DOW

210TH ST

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203RD ST

ROCKY POINT PARK

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t ne

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GOLDEN EARS BRIDGE

Sales Centre #408 - 552 Clark Rd Burquitlam Plaza 604.492.0222

3102  1060 Austin Ave. 604.492.3388

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R RD

COQUITLAM/PORT COQUITLAM/PORT MOODY

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COQUITLAM/PORT COQUITLAM/PORT MOODY

QUIET NEIGHBOURHOOD, STEPS FROM TRANSIT Buy a home at REGAN’S WALK and we’ll gift you $10,000* towards the purchase of your dream home!

NOW SELLING 1, 2 + 3 BEDROOM HOMES IN WALKABLE WEST COQUITLAM Located a 3 minute walk from the new Burquitlam SkyTrain Station and the Evergreen Line, urban amenities and West Coast recreational opportunities in your backyard, coupled with incredible features like 9ft ceilings, a premium appliance package, parking and storage, Regan’s Walk is a step ahead of the rest. Photo courtesy of TransLink.

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CL A RK E

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SMITH AVE

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604.492.0222 REGANSWALK.CA 30 METRO VANCOUVER NEW CONDO GUIDE NOV 29 - DEC 13, 2013

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COQUITLAM/PORT COQUITLAM/PORT MOODY

e a N! V h a t I O t i t. e W mO bou O Pr us a k as

It’s a ChrIstmas sale at COmO! CHRISTMAS SALE AT COMO: UNTIL DECEMBER 22ND RECEIVE $5,000 OFF PLUS YOUR CHOICE OF: 1. One year maintenance fees + $2,000 Visa gift card 2. One year maintenance fees + $1,500 Visa gift card + chalkboard feature wall

3. One additional parking stall* 4. $5,000 Visa gift card 5. 3 years maintenance fees

Plus everyone receives 1 year free TV and internet.

COME SEE OUR NEW DISPLAY HOME

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Invest in Metro Vancouver’s newest growing hub. Studio - 2 bedroom boutique style condominiums located in the up and coming West Coquitlam district. Perfectly situated within steps to the future Evergreen Line & shopping district. Get in early, before all the changes have been completed and be part of this exciting transformation.

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condo pro

// by barbara lawlor

affordable Condominium Delivering luxury to your fees: front door

Barbara Lawlor is president of Baker Real Estate Inc. and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sales of condominium developments. Keep current with The Baker Blog at blog.bakerrealestate.com

here are oh, so many benefits of condominium living – but the one that often tops the lists of purchasers is having access to wonderful amenities in gorgeously landscaped buildings without having to take care of maintenance and repairs. The time you would spend weeding the garden, raking leaves, shoveling snow and the like can be spent instead soaking in the whirlpool, swimming, watching the latest film in the on-site theatre, playing virtual golf, or engaging in any of the other activities available under your very own roof. Remember, however, that over time, all residences require upkeep – and that’s where the condo maintenance fee comes in. Your monthly payment is critical to ensuring that your quality of life remains high. Funds must be in

place to handle arrangements for cleaning, upkeep and repairs of a condominium’s common areas. It’s important that you consider these fees fairly when you compare them to the expenses you’d incur in a lowrise home for similar services. Take security, for example. Most condominiums today offer 24/7 concierge service, and these professionals require salaries. If you were to add a security system to a lowrise home, you would pay a monthly fee for monitoring. Keep in mind, too, that a substantial percentage of condo maintenance fees covers utilities such as hydro, gas and water, which you would pay for separately from your mortgage in a lowrise home. The great thing is that many condos today offer individual hydro and water metering per suite. Most buyers are happy to pay for what they use, and they appreciate the fact that if they are away for weeks or months, their hydro and water bills are low for those periods. Looking at maintenance fees in the bigger picture, they also help to protect your real estate investment. Often, people forget that the ongoing cleaning and maintenance of things like elevators, the lobby and hallways is important. In addition, a portion of your maintenance fees goes toward the “reserve fund,” which remains on hand so that essential services can be paid for in the future. The condominium board administers the fund, which covers any unexpected repairs.

You may think you will not use a pool or another amenity, but your guests may be happy to indulge Now and then, we hear from potential purchasers that they resent having to pay maintenance fees that support a particular amenity they do not plan to use – most commonly, the swimming pool. You should know that the costs to maintain and service a pool and whirlpool are a very small portion of the annual condominium budget. You may think you will not use a pool or another amenity, but your guests may be happy to indulge. The condo amenities also enhance the resale value of your suite in the future, and you never know – once you move in and see for yourself just how beautiful today’s amenities are, you may love the very things you thought you might not use! As I so often say, amenities are an extension of your living space, and our condo developers are creating simply stunning areas where neighbours and friends can gather without ever leaving the building. Again, it’s a matter of perspective. In a lowrise home, someone has to mow the lawn, weed the garden, and wash the outside windows. Hiring professionals to handle these chores costs money. Much of your condo maintenance fees go to items you would have to find the money for anyway. In the end, it’s so worth it to afford you luxury, convenience and free time.

32 metro vancouver new Condo Guide nov 29 - Dec 13, 2013

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Insertion:

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

RIN

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W 12TH AVE KI

RENFREW ST

W BROADWAY

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6 ED

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E 33RD AVE

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13 11

W 41ST AVE

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OAK ST

W 57TH AVE

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MCDONALD ST

NW M

E HASTINGS ST

BURRARD INLET

1. 188 KEEFER

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16. 900 HASTINGS

900 East Hastings Street 604-683-0900

12. KEEFER BLOCK Keefer St & Main St 604.682.8813

34 METRO VANCOUVER NEW CONDO GUIDE NOV 29 - DEC 13, 2013

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VANCOUVER

A Limited Collection of 45 Signature Homes Located off Main & 8th

Only a Few Homes Remain! • Affordable studio spaces. • All 2 Bedroom homes have at least two patios and at least two exposures. INNOVATIVE DESIGN

• Modern finishes by Scott Trepp Design with 9.4’ ceilings. • Strata fees are the lowest in the area - 27 cents per sq.ft. • Move-in this year! We make it easy! With our flexible deposit program, you pay no more than 10% down and only 5% if you are a first time home buyer.

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NOV 29 - DEC 13, 2013 METRO VANCOUVER NEW CONDO GUIDE 35

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36 METRO VANCOUVER NEW CONDO GUIDE NOV 29 - DEC 13, 2013

2013-11-22 3:53 PM

VANCOUVER

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KITS360.COM 604.737.0360 FINAL RELEASE! $10,000 DEPOSIT ON ALL HOMES** PRESENTATION CENTRE 1777 WEST 7TH AVENUE • OPEN DAILY 12-5PM, CLOSED FRIDAYS *Prices are subject to change. **Based on 30 day completion. The developer reserves the right to change the information contained herein without prior notice. Dimensions, sizes, specifications, layouts, and materials are subject to change without notice. Ask sales staff for further details. This is not an offering for sale. E.&O.E.

NOV 29 - DEC 13, 2013 METRO VANCOUVER NEW CONDO GUIDE 37

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VANCOUVER

BORN IN NEW YORK. REFINED BY CRESSEY.

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AVE NOV 29 - DEC 13, 2013EAST METRO1ST VANCOUVER NEW CONDO GUIDE 39

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the mortgage minute

// by peter kinch

making saving by sense of thousands mortgage terms

Peter Kinch is an award-winning mortgage broker and best-selling author of The Canadian Real Estate Action Plan Visit peterkinch.com or contact him at peter@peterkinch.com

n a recent discussion with a client, the question of “fixed” versus “variable” mortgages came up. She wanted to go with an “open variable” rate mortgage, which surprised me because they are often more expensive. When I asked why she wanted to pay more for the option of having her mortgage “open,” she replied, “Well, aren’t all variable-rate mortgages ‘open’?” I realized then that what was obvious to me isn’t necessarily so to everyone else. How many Canadians make the same mistake and end up paying a premium for a feature they’ll never take advantage of? Most Canadians are not mortgage experts, and the various terms that bankers and brokers throw around can be confusing. Fixed, open, closed, variable – as if you’re supposed to understand everything and make a choice in five minutes on the biggest-ticket item you’re likely to ever commit to. So, what are the terms and what do they mean? The two basic mortgage options are “fixed” and “variable.” A fixed-rate mortgage involves a specific interest rate over a fixed period of time, such as a one-, three- or five-year term. “Fixed” (also known as “long-term”) mortgages can have terms as long as 15 years. Generally speaking, the longer the term, the higher the rate. The idea is that you’re willing to pay a slightly higher rate today to have the security of knowing that the interest rate on your mortgage won’t change over the course of your term. For this reason, many first-time homebuyers or those on fixed incomes choose a five-year term to have the comfort of knowing exactly what their mortgage payments will be for the next five years. In exchange, they forego a potentially cheaper mortgage with less security. These long-term mortgages are “closed,” meaning you have a contractual obligation to the lender, and there will be a penalty to get out of this mortgage should you want to break your contract in the future. The alternative to taking a fixed rate would be the “variable-rate” mortgage. These are products that base their pricing off the bank prime rate. Most lenders today offer a discount off prime of roughly half of one per cent. Since the

How many Canadians make the same mistake and end up paying a premium for a feature they’ll never take advantage of? The bottom line: never pay a premium for a benefit you’ll likely never use. 40 metro vancouver new Condo Guide nov 29 - Dec 13, 2013

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For this reason, variable-rate mortgages have been gaining in popularity. However, most borrowers don’t realize there are two different types of variable-rate mortgages – “open” and “closed.” end of the term without triggering a penalty – typically three months’ interest. Many new borrowers will gravitate to the idea that they want the freedom and flexibility to be able to pay out their mortgage early, or prime rate is typically lower than the prevailing five-year they misunderstand that the term fixed rate, a variable-rate mortgage is almost always less “variable” is by definition an “open” expensive than a five-year fixed rate to start. Why wouldn’t mortgage, when in fact, it can be someone take the cheaper variable-rate mortgage? Well, open or closed. This is an important the reason it’s called a “variable rate” is because the rate distinction because the two mortgage will float with the Bank of Canada prime rate. If the prime options are priced very differently. rate goes up, so too does your mortgage. Rather than An “open variable” mortgage is losing sleep over the prospect of their largest debt item typically prime plus one per cent, fluctuating at the mercy of the market, many people prefer whereas a “closed variable” mortgage to lock in. A significant benefit of a variable-rate mortgage, is typically prime minus 0.5 per cent. however, is that you can convert it to a fixed rate (meaning, That’s a difference of 1.5 per cent – a lock it in) at any time with no penalty or cost. significant amount. And when asked For this reason, variable-rate mortgages have been why they want to have an “open” gaining in popularity. However, most borrowers don’t mortgage, most clients are not really realize there are two different types of variable-rate sure – they have simply confused the mortgages – “open” and “closed.” terms or are unaware that even if you An “open variable-rate” mortgage will allow you to move before your term is up, you can break the contract at any time (either pay the mortgage out usually move or “port” your mortgage or switch to a different lender) with no penalty – thus it is to your new house. called “open.” The bottom line: never pay a The “closed variable-rate” mortgage will typically have a premium for a benefit you’ll likely three- or five-year term and cannot be paid out prior to the never use. nov 29 - Dec 13, 2013 metro vancouver new Condo Guide 41

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VANCOUVER

$347,900

42 METRO VANCOUVER NEW CONDO GUIDE NOV 29 - DEC 13, 2013

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13 0 er 2 b cem e D n i ve o M

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THE DEVELOPER RESERVES THE RIGHT TO THE DEVELOPER RESERVES THE RIGHT TO MAKE CHANGES AND MODIFICATIONS TO Street #140 – 1265 Granville Street AND MODIFICATIONS TO #140 – 1265 Granville MAKE CHANGES RENDERINGS, PLANS, PHOTOS, AND PHOTOS, Open& Fri. Sat.-Wed. RENDERINGS, 12-5pm , PLANS, closed Thur.AND& Fri. OpenARESat.-Wed. 12-5pm, closed Thur. SKETCHES REPRESENTATIONAL ONLY SKETCHES ARE REPRESENTATIONAL ONLY AND SHOULD NOT BE RELIED UPON. PRICES AND SHOULD NOT BE RELIED UPON. PRICES CORRECT AT PRESS TIME. E.&OE. CORRECT AT PRESS TIME. E.&OE.

043-Rolston 11-15-13.indd 1

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CONDO PROFILE

THE ROLSTON

The new downtown lifestyle // BY SUSAN M BOYCE

ou know it. There are views and then there are big, bold, dazzling views. And if, like me, you prefer the latter, then it’s time to check out The Rolston because here’s where you’re going to find some of the best.

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“ QUITE SIMPLY, THIS IS THE BEST-PRICED NEW DEVELOPMENT IN DOWNTOWN VANCOUVER.” SEAN STEVENS Sales manager Sean Stevens had promised me I’d be surprised, but as we step out onto The Rolston’s 4,000-square-foot, 27th-level rooftop deck, my jaw drops. To the east, Mount Baker glimmers in the afternoon sunshine perfectly framing the towers of Metrotown that appear to hover on the horizon. Looking south, I see City Hall and the Granville Island Market, while to my right sailboats sporting colourful spinnakers dance across English Bay. All this, and we haven’t even taken a peek north yet to where the first snow is dusting The Lions and Grouse Mountain. Best of all, these are views every homeowner can enjoy year round. “How often do you find a condominium tower anywhere in downtown Vancouver that dedicates this amount of space to a common rooftop deck?” Sean says as we pause to watch a windsurfer executing a daredevil oneeighty just beyond the point at Vanier Park. “We’ll stop at the 16th floor patio on the way down, but let’s take a look at some of the suites first,” Sean says. Really? There’s another community deck? Life is good. COOL DIGS

Inside, The Rolston boasts a trendsetting, urban design that feels sophisticated yet welcoming. Kitchens feature high-gloss cabinetry, quartz counters and glass tile backsplashes that are downright dramatic — hint: if you’re enamoured with fun, bold colours, The Rolston’s got kitchens you’re going to love. And be forewarned, you might have to restrain yourself

from comfort testing the soaker tubs because they’re deep. Beautiful too, with white surround and vertical racing strip of glass tile to match the kitchen backsplash. Then there are the little touches like pullout wire racking below the kitchen sink, window ledges for displaying flowers or candles, custom closets with built-in storage, as well as flex-rooms that would be perfect for a home office or perhaps a pantry sure to satisfy the most ardent foodie. It’s all about making life easy. YES YOU CAN AFFORD IT

Ready to talk bottom line? Well, not only are The Rolston’s prices something to get excited about, if you’re looking for a two-bedroom, those prices just got even better. “For a very limited time, the developer will pay $1,000 a month toward your mortgage on every two-bedroom home,” Sean explains. “And that’s for three full years — it’s like getting $36,000 off your mortgage. Quite simply, this is the best-priced new development in downtown Vancouver.” True to his word, before I leave, Sean makes sure we stop at the 16th-level podium garden. Even here, the views are exceptional. “My favourite part is watching the boats going into False Creek,” he says. “And when the City redevelops the area around the Granville Street Bridge, you’ll also have a great view of Vancouver’s newest public market. It’s going to become a very lively, dynamic neighbourhood.” He doesn’t need to add that The Rolston will be one of the icons of this new community. The Rolston is nearing completion at Granville and Drake. The presentation centre is open, noon to 5 p.m. Saturday through Wednesday or by appointment anytime at 140 – 1265 Granville St. Two-bedroom, one bath homes priced from $484,900; two-bed, two bath homes from $529,900. For more information visit therolston.com or call 604.688.8927 to book your private tour. NOV 29 - DEC 13, 2013 METRO VANCOUVER NEW CONDO GUIDE 45

044-045 The Rolston_CW.indd 45

2013-11-22 5:06 PM

in the news

Bob Rennie at GVHBA Annual Election Meeting and Awards of Excellence One buyer, two chequebooks // by diane duflot

Bob Rennie, owner and founder of Rennie Marketing Systems.

Vancouverites hear all too often that this is a prohibitively expensive market to get into, and when the average price of a home is compared to the average income, it can certainly look discouraging. In his recent speech at the GVHBA Annual Election Meeting and Awards of Excellence, Bob Rennie, owner and founder of Rennie Marketing Systems, took a closer look at how first-time buyers are entering this market to deflate the naysayers. Rennie suggests that there are more factors to be taken into consideration than the median price of a home and the average Vancouverite’s salary. Although the fact that 65 per cent of Vancouver’s population earns less than $50,000 has earned Vancouver what Rennie calls the “the undeserved title ‘the most expensive place to live on Earth,”’ he insists that this “would only be true if all of our real estate activity was based on income.” However, Rennie points out, “67 per cent of all home sales in the Greater Vancouver area are currently to existing homeowners, who rely on equity not income.” For many first-time buyers, it takes two chequebooks to enter the market. According to Rennie, most “first-time buyers are able to come up with the income” — the first chequebook. Where they run into difficulty is saving for a down payment, and this is where the second chequebook comes in: “often it’s mom and dad’s — or grandma and grandpa’s — chequebook that’s getting the first-time buyer into the market.” He cites statistics to support his case: “Data I was given recently by RBC indicates that 47.5

46 metro vancouver new Condo Guide nov 29 - Dec 13, 2013

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per cent of their first-time buyers are providing a gift letter for the deposit from a family member.” Rennie himself believes this number to be higher and declares, “47.5 are the ones admitting it.” $88 billion to potentially be reinvested in real estate “The population that is currently aged 56-75 year olds is sitting on 113,000 primary residences in Greater Vancouver,” remarks Rennie. “The assessed value of these properties is $88 billion, clear title. In 14 years, this segment of the population will be between 70 and 89 years old.” Rennie notes that this group will need to sell their current homes to maintain their lifestyle and health care needs. When they do so, they will likely also be helping first-time buyers enter the market, as “they promised their children and their grand children that ‘the house money will look after all of us.’ They will be selling their homes, and my guess is that 99 per cent of them will not be buying up. “At the moment,” continues Rennie, “We have an amazing opportunity to identify the housing

For many first-time buyers, it takes two chequebooks to enter the market. According to Rennie, most “first-time buyers are able to come up with the income” — the first chequebook. Where they run into difficulty is saving for a down payment, and this is where the second chequebook comes in: “often it’s mom and dad’s — or grandma and grandpa’s — chequebook that’s getting the first-time buyer into the market.”

“ The population that is currently aged 56-75 year olds is sitting on 113,000 primary residences in Greater Vancouver,” remarks Rennie. “The assessed value of these properties is $88 billion, clear title. In 14 years, this segment of the population will be between 70 and 89 years old.” needs of this emerging demographic, who is sitting on that $88 billion in clear title housing. The clear-title homeowner will take whatever market value for their current homes, as long as local developers can produce housing that fits their new needs.” It would behoove the multifamily developer, believes Rennie, to look to these needs and “reproduce the single-family home experience in a smaller space in order to satisfy the aging baby boomer who is looking for both luxury and utility.” Who’s buying? The obvious question, which Rennie anticipates is, “Who’s buying the $88 billion? There will continue to be a substantial population increase, 23.88 per cent over the next 15 years. That’s 590,000 more people in Greater Vancouver.” This influx of people into Greater Vancouver stems in part from the natural increase in population of 11,000 per year (births minus deaths), and in part from the steady arrival of immigrants, a group that Rennie points out is set to “replace our aging population. That,” he indicates, “is who’s buying.” The outlook is optimistic, then, for the Vancouver real estate investor, but it appears that the need to increase density will continue to grow as the current population shuffles to make room for an ever-growing population. nov 29 - Dec 13, 2013 metro vancouver new Condo Guide 47

046-047 News - Bob Rennie_DD.indd 47

11/22/13 3:59:10 PM

SURREY | LANGLEY 116TH AVE

112ND AVE

108TH AVE

W ay

N VE OS

A16

104TH AVE

TYNEHEAD REGIONAL PARK

GOLDEN EARS BRIDGE

96TH AVE

A4 A1

88TH AVE

BEAR CREEK PARK

208TH ST

200TH ST

192ND ST

10 RD

A7 64TH AVE

61A

A12

WATERSHED PARK

72ND AVE

A10

64TH AVE

A13

60TH AVE

58TH AVE

56TH AVE

LANGLEY BYPASS

56TH AVE

er H

LANGLEY

SERPENTINE FEN NATURE RESERVE

A6. LINGO

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B1. CORNERSTONE

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A7. ESPLANADE AT WATERSTONE

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12039 64th Ave., Unit #104 604.590.8003

A3. SALIX

6477 - 196th Street 604.530.0054

A4. MANAROLA

8695 160th Street 604.825.1038

A5. VERVE

13913 Fraser Hwy. 604.588.3783

5665 177B Street 604.727.5478 99

64th & 19th 604.530.5399

A8. PARK AVE

100 Ave. & Whalley Blvd. 604.233.7748

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

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64th and between 160th and 164th St 604-888-5514

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104 Ave & 133 St 604.951.9283

A15. DELTA RISE

80th & Scott Road 604.594.7473

A16. UNIVERSITY DISTRICT

A1. ASCEND

15956 86A Ave. 604.596.2202

B1 Fra s

SURREY

AV E

LO VE

99a

184TH ST

168TH ST

160TH ST

152ND ST

80TH AVE

176TH ST

72ND AVE

1a 144TH ST

128TH ST

120TH ST

112TH ST

80TH AVE

King George Blvd

A15

240TH ST

Fr as

GREEN TIMBERS URBAN FOREST PARK

GL OV ER

96TH AVE

232RD ST

A5 A11 A8

216TH ST

A14

216TH ST

Fr a

se r

104TH AVE

48TH AVE

40TH AVE

5655 210A Street 604.534.6000

20678 willoughby Town Centre Drive 604.427.3311

B3. ELEMENTS

20211 66th Ave. 604.533.7718

B4. VARSITY

200th Street & Fraser Highway 604.539.2200

B5. ATHENRY GATE 8312 Street 604.882.8857

104th & University Dr

48 METRO VANCOUVER NEW CONDO GUIDE NOV 29 - DEC 13, 2013

048-Surrey Langley 2011_CG.indd 48

2013-11-22 4:43 PM

All 1 Bedroom Homes $

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luxor-living.com 604-590-8003

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Hwy. 99

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Wolstencroft Realty

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

049-Luxor 08-09-13.indd 21

2013-11-22 3:54 PM

SURREY/LANGLEY

* ! 0 0 ,0 0 2 Th

30 . Ov N E r FO $ E B y Bu d N A

e V sa

Proudly developed by

liVe large 3 bEDROOm cOnDOS priCEd FrOM $269,900

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take a Video tour & VieW our floor plans at:

porte.ca/latitude

*Restrictions apply. Visit our presentation centre for details. Sales by disclosure statement only, E&OE. Latitude homes are developed, marketed and sold by Porte Development.

50 METRO VANCOUVER NEW CONDO GUIDE NOV 29 - DEC 13, 2013

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2013-11-22 3:54 PM

SURREY/LANGLEY

sarah

BORN: New Westminster AGE: 31 OCCUPATION: Nurse

FAVOURITE FEATURE @ VERVE: I love my patio & everything about the kitchen! WHY SURREY? I believe it will soon be the next heart of Metro Vancouver. WHY VERVE? I really like Verve’s style, it’s chic & suits me. The people at Porte were amazing, they made my home-buying experience unforgettable.

LOVE WHERE YOU LIVE

MINS CENTRAL SURREY MALL

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DON’T MISS OUT! OFFER ENDS NOV. 30TH. VISIT OUR 2 DESIGNER SHOWHOMES TODAY! 10119 WHALLEY BLVD, SURREY | OPEN DAILY 12–5PM (CLOSED FRI)

PORTE.CA/VERVE 604.588.3783 Information was correct at time of printing. Pricing and promotion subject to change without notice. Sales by disclosure statement only, E&OE. Verve Homes are developed, marketed and sold by Porte Development.

Proudly developed by

NOV 29 - DEC 13, 2013 METRO VANCOUVER NEW CONDO GUIDE 51

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2013-11-22 3:54 PM

SURREY/LANGLEY

The Ridge at Bose Farms is a collection of spacious country modern condos on an old Surrey landmark – the historic Bose Family Farm

NO OV W ER

75%

BOLD NEW COUNTRY MODERN CONDOS PHASE 2 PRICING FROM $139,900* PHASE 1 - 2 BEDROOMS FROM $234,900*

TheRidgeAtBoseFarms.com 604.888.5514 Prices and incentives subject to change or be withdrawn without notice and do not include taxes. E.& O.E.

64th Avenue between 160 & 164 Street, Surrey Presentation Centre Open Daily 12–5 (except Fridays)

52 METRO VANCOUVER NEW CONDO GUIDE NOV 29 - DEC 13, 2013

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2013-11-22 3:54 PM

SURREY/LANGLEY

THE ONLY HIGH-RISE OPPORTUNITY IN DELTA

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189

000

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SCOTT ROAD 80 AVENUE

PRESENTATION CENTRE Corner of 80th & Scott Rd Open Monday – Fridays: 1pm – 6pm Weekends: 12pm – 5pm

604.594.RISE (7473)

DELTARISE.CA

NOV 29 - DEC 13, 2013 METRO VANCOUVER NEW CONDO GUIDE 53

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2013-11-22 3:54 PM

fitness gallery

// by mark j. stables

the importance of sleep Your sleep routine should actually start with some lifestyle changes earlier in the day: Cut off coffee, chocolate, or caffeine from about 3 p.m. on. Now, here’s a good excuse to load up on cappuccinos and truffles earlier in the day – and limit alcohol consumption too, since alcohol will make you sleepy, but will actually prevent you from entering the deeper stages of sleep required for your body to recharge. Mark J. Stables is founder of Benchmark Group and Movement Haus. He is a renowned fitness and wellness expert with over 15 years experience in the industry. Working with hundreds of urban condominium dwellers, Mark has experience and insight into the design of condo fitness amenities and the way people use them. As the landscape of fitness continues to evolve, this in-depth knowledge of health and fitness, coupled with his passion for architecture and design, yields an optimal exercise environment for today’s urban athlete. Visit online at movementhaus.com, benchmarkgroup.ca.

Try not to exercise within three hours of hitting the hay. Whenever possible, schedule some downtime for 45 to 60 minutes leading up to bedtime. Some light reading is always a good bet, perhaps this column is a good start? Ban electronic devices from the bedroom. Smartphones, TVs, tablets and the like should all find a home elsewhere, and keep your sleeping environment cool and comfortable with the temperature set around 68ºF. Try these out and I guarantee you’ll be having sweet dreams before you can even count your first sheep.

leep. It’s a valuable commodity, and while most of us wish we were getting more of it, all too often things – and by “things” I mean late night dinners, post-work social hours, helping kids with homework, and stressing about work and the day to come – all get in the way. Unfortunately there is no magic spell that will add more hours to the day, but I do have a few tips to improve the quality of sleep, so at least the hours you’re logging will do you the most good.

54 metro vancouver new Condo Guide nov 29 - Dec 13, 2013

054 Fitness Gallery-Mark Stables-Importance of sleep.indd 54

11/22/13 3:59:12 PM

SURREY/LANGLEY

0 500 HOME WELCOME $

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included but limited time offer. Call Today!

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2 Bedroom + Den

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8312 - 208th St., Langley

D3 plan 2 PARKING STALL 1 STORAGE

The developer reserves the right to substitute any material, fixture, appliance or finishing with an equivalent material, fixture, appliance or finishing at the developerâ€™s sole discretion. In our continuing effort to meet the challenge of product improvement, we reserve the right to modify or change plans, specifications, or prices without notice. Renderings are an artistâ€™s conception only and are intended as a general reference. All dimensions and sizes are approximate. As reverse plans occur throughout the project, please check architectural plans. Refer to disclosure statement for specific offer details.

604.882.8857

AthenryGate.com

NOV 29 - DEC 13, 2013 METRO VANCOUVER NEW CONDO GUIDE 55

055-Athenry Gate 10-18-13.indd 55

2013-11-22 3:54 PM

SURREY/LANGLEY

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

2 Oktoberfest BONUS!! Next 6 Sold Receive FREE

• Net GST • FIRST YEAR STRATA FEES • Laminate flooring in Bedrooms • Washer, Dryer and Fridge Upgrades • $5,000 Decorating Allowance A dazzling collection of 51 condominium homes designed by award winning Creekside Architects. Lcoated in the delightful Fleetwood “Village” neighborhood… a vibrant, pedestrian friendly community with everything at your doorstep, excellent schools, proximity to great shopping, restaurants, major transportation routes and recreational facilities galore.

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

160 ST

88 AVE

604.825.1038

HW Y

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

56 METRO VANCOUVER NEW CONDO GUIDE NOV 29 - DEC 13, 2013

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SURREY/LANGLEY

R LD VE O O S % 70

FITNESS GYM

TENNIS COURT

GRAND LOBBY

SKY GARDEN

SWIMMING POOL

Largest Urban Community Planned. Resort Lifestyle Included. Timeless elegance and high energy define Park Avenue, Concord Pacific's hottest new high-rise development. Located in the heart of Surrey City Centre, the strongest growing metropolis and employment centre in the Province, Park Avenue is a stone’s throw away from Skytrain station, Central City Mall, Holland Park, Target, new City Hall, Surrey Memorial Hospital & SFU. Park Avenue features 1 to 3 bedroom suites. Each home comes with a large sized balcony, high-end finishes and underground parking. Topped with Club PA, a full collection of the best resort style amenities never seen before in the city, Park Avenue is a smart investment and a rare find.

250 Homes under $250,000

PRESENTATION CENTRE : 9908 KING GEORGE BLVD. (NEXT TO KING GEORGE SKYTRAIN STATION) OPEN DAILY, 12PM - 6PM

G re a te r Va n couve r ’s Fa s te s t G rowi ng Ci t y - S U R R E Y w w w.parkavenueliving.ca | 604.583.9866

Actual suite interiors, exteriors and views may be noticeably different than what is depicted in photographs and renderings. The developer reserves the right to make modifications, substitutions, change brands, sizes, colours, layouts, materials, ceiling heights, features, finishes and other specifications without prior notification. Such details are governed by the applicable offer to purchase and agreement of sale, and disclosure statement. This is not an offering for sale. Any such offering can only be made with the applicable offer to purchase and agreement of sale, and disclosure statement. Some conditions apply to Cash Prize Draw and Skytrain ticket redemption. E&OE. Concord Park Avenue Project Limited Partnership

NOV 29 - DEC 13, 2013 METRO VANCOUVER NEW CONDO GUIDE 57

New Condo Guide: 7.25” x 9” 057-Park Ave 11-29-13.indd 57

2013-11-22 4:24 PM

CMHC Report

October housing starts 195,338 units in October compared to 191,557 in September, according to Canada Mortgage and Housing Corp. (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts. “The trend in total housing starts has gained momentum since July, which is in line with expectations that new construction would strengthen over the second half of 2013. Gains since July have been broad-based, reflecting increased activity in large and small urban centres, particularly in Ontario and, to some extent, in British Columbia. Housing starts remain on target with our projected total for 2013, which is expected to range between 179,300 and 190,600 units,” says Mathieu Laberge, deputy chief economist at CMHC. CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations analyzing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite volatile from one month to the next. The standalone monthly SAAR was 198,282 units in October, an increase from 195,929 in September. The SAAR of urban starts was essentially unchanged at 177,434 units in October. Multiple urban starts registered a slight increase of 0.9 per cent to 115,011 units in October while the single urban starts segment saw a decrease of 1.7 per cent to 62,423 units. In October, the SAAR of urban starts increased in Ontario while decreasing in British Columbia, Atlantic Canada, the Prairies, and Quebec. Rural starts2 were estimated at a seasonally adjusted annual rate of 20,848 units. Housing starts in Canada were trending at

1 All starts figures in this release, other than actual starts and the trend estimate, are seasonally adjusted annual rates (SAAR) — that is, monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect annual levels. By removing seasonal ups and downs, seasonal adjustment allows for a comparison from one season to the next and from one month to the next. Reporting monthly figures at annual rates indicates the annual level of starts that would be obtained if the monthly pace were maintained for 12 months. This facilitates comparison of the current pace of activity to annual forecasts as well as to historical annual levels. 2 CMHC estimates the level of starts in centres with a population of less than 10,000 for each of the three months of the quarter, at the beginning of each quarter. During the last month of the quarter, CMHC conducts the survey in these centres and revises the estimate.

Housing Starts in Canada – All Areas * Thousands

275 250 225 198,282

200 175

195,338

150 October 2011

October 2012

October 2013

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

Preliminary Housing Start Data October 2013

Sept 2013 Oct 2013

Trend1, all areas

191,557

195,338

SAAR, all areas

195,929

198,282

SAAR, rural areas

18,466

20,848

SAAR, urban centres2 Single-detached

63,497

62,423

Multiples

113,966

115,011

Total

177,463

177,434

Atlantic, urban centres2

9,130

8,410

Quebec, urban centres2

31,694

30,524

Ontario, urban centres2

57,811

68,227

Prairies, urban centres2

49,212

46,355

British Columbia, urban centres2

29,616

23,918

Oct 2012

Oct 2013

Actual, all areas

18,007

17,033

Actual, rural areas

1,895

1,813

October — Single-detached

5,732

5,333

October — Multiples

10,380

9,887

October — Total

16,112

15,220

January to October — Single-detached 56,208

52,389

Canada

Actual, urban centres2

January to October — Multiples

106,391

87,226

January to October — Total

162,599

139,615

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

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

58 metro vancouver new Condo Guide nov 29 - Dec 13, 2013

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11/22/13 3:59:13 PM

rE O SS m E Y L BU Or f

OWN FOR JUST $5,000 DOwN! *

NEW INTERIORS 路 fINER fINIShES 路 LARGER LIVING

OPEN HOUSE DAILY 64th Avenue & 194 Street, Surrey 1-6pm Monday to Friday 12-5pm Saturday and Sunday

StArtINg frOm $179,900 Esplanade features the newest and largest homes at Waterstone. Own the preferred low-rise address in Surrey/Langley.

Call 604.530.5399 WATERSTONELIVING.CA

* Prices exclusive of applicable taxes and subject to change without notice. Incentives may be withdrawn without notice. E.&O.E. Ask staff for details.

206513_Esplanade_(NHBG_Nov2013)_prd02.indd 059-Waterstone 11-01-13.indd 1 1

2013-10-24 3:54 2013-11-22 9:25 PM AM

SURREY/LANGLEY

FINAL OPPORTUNITY TO MOVE-IN BEFORE THE HOLIDAYS!

HOLIDAY BONUS! SAVE $10,000* ON ALL CONDO’S SAVE $15,000* ON ALL CITY HOMES FASHION FORWARD FLATS IN FLEETWOOD! • Best location • Best interior design

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KISS YOUR LANDLORD GOODBYE THIS CHRISTMAS FROM JUST $211,867* INCL. NET SALES TAX!

liveatascend.com

Open Daily Noon - 5pm (closed Fridays) 86A Avenue, Surrey, BC | 604.596.2202 Prices and Promotions are subject to change or be withdrawn without Prior notice. Prices quoted include net sales tax for owner /occuPier only and is after holiday bonus discount. the holiday bonus Program is a $10,000 incentive available on all remaining condos or $15,000 on remaining city homes until december 31, 2013. e.&o.e.

Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd.

60 METRO VANCOUVER NEW CONDO GUIDE NOV 29 - DEC 13, 2013

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SURREY/LANGLEY

BEEP BEEP. BUY YOUR DREAM HOME AT CORNERSTONE & GET A FREE FIAT 500.*

That’s right! For a limited time choose one of our fully-loaded 1 – 2 bdrm + den homes and we’ll throw in a stylish and fun Fiat 500 for FREE.*

FROM

$199,900

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

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

604.534.6000 cornerstoneliving.ca

Sales Centre and three fully-furnished Display Homes open daily (closed Friday) from 12 to 5 pm. 56th & 210A St, Langley

Marcon Homes (Cornerstone) Ltd.

*The Fiat referred to herein is a 2013 Fiat 500 POP Model, equivalent cash value $13,495.00. Marcon Homes (Cornerstone) Ltd. reserves the right to pay the aforesaid cash value at completion by way of a credit to be applied toward the purchase price of the strata property being purchased. This offer is available for a limited time only, and may be cancelled at any time without further notice to any interested party. This offer is strictly limited to one Fiat or the equivalent cash value per unit of strata property purchased. Please see our sales representative for further details and the exact terms of this offer. E&O.E.

NOV 29 - DEC 13, 2013 METRO VANCOUVER NEW CONDO GUIDE 61

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FUNDAMENTALLY SPEAKING

What buyers can do about

// BY WAYNE KARL

DEVELOPMENT CHARGES That part you may know. But what you likely aren’t aware of is that these fees are rising exponentially, have been for years, and they’re occupying an increasingly high portion of new-home costs. And they’re passed right on to you, the homebuyer. ›› How much are we talking about?

In Metro Vancouver, the various government taxes, fees and levies range from 16 to 27 per cent of the cost of a new home, depending on the city and the type of housing, according to Robert de Wit, CEO of the Greater Vancouver Home Builders’ Association. “It’s definitely a hot topic,” he says. But this is not just a Vancouver problem. In Toronto, City Council recently voted to increase Development Charges by 75 per cent, to almost $30,000 for a semi or single-detached home. It’s even worse in the Greater Toronto Area; a report from Altus Group, an economic consulting firm, estimates fees and charges collected by six GTA municipalities average out to about $116,200 on a new single-detached home, representing 22 per cent of the cost. For a new highrise, the fees average $64,000 – or 20 per cent. In Ottawa, Development Charges and other government-imposed fees today account for about 23 per cent of the cost of a new home – or about $100,000 of a single-family home. Twenty-five years ago, the costs accounted for just three per cent. Though the problem may differ slightly from one city and province to the next, with critics arguing the fee increases are largely arbitrary, the concern is universal: new-home buyers are picking up a disproportionate part of the tab for infrastructure development.

Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property. He can be reached at wayne. karl@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl

et ready, new-home buyers. No, not just in your general preparedness for buying a home, but for an increasingly difficult – not to mention controversial – issue that’s costing you more money. And you likely don’t even know it. Development Charges. If you’re not familiar with the term, you likely will be soon, as it’s a contentious issue facing home builders – and therefore buyers – across the country. Just what are Development Charges? In short, they are the fees applied by various levels of government when new homes are built, to pay for new infrastructure such as roads, transit and other necessities.

›› So, what can buyers or builders do about it?

“We’re actually working on a survey of the 21 municipalities of Metro to track DCs, community amenity charges and other policies that impact cost and timelines for new-home delivery,” de Wit told New Home Guide. Consumers, surprisingly, have yet to take action, since, de Wit suspects, they haven’t caught on to the severity of the situation. “But look for this to be an emerging issue, especially in our region as we move into municipal elections next fall.” Indeed, as a prospective new-home buyer, you may not appreciate the importance of the Development Charges issue just yet. But if you or your family members are a few or even several months away from making a purchase, you may want to educate yourself on the matter, and ask prospective builders about it. Otherwise, you may learn the hard way what many are already concerned about: if such fees are allowed to rise unchecked, new-home affordability will eventually be severely threatened. And that will be a price that, ultimately, no one can afford to pay.

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SURREY/LANGLEY HOTEL

RESIDENCES

SOCIAL HUB

3 Civic Plaza and the Civic Hotel

@ the new City Hall + Library @ Surrey Central SkyTrain @ SFU Surrey And now with the only Autograph Collection® Hotel

Pre-construction prices end December 2013

604.951.3331 | 3CivicPlaza.ca PRESENTATION CENTRE: 10277 KING GEORGE BOULEVARD

Between 102 and 104 Avenue in Surrey City Centre Open Monday-Thursday 1–6pm Saturday-Sunday 12–5pm (closed Fridays)

*Prices are exclusive of taxes. Marketing and Sales by Colliers International Residential Marketing. E.&O.E.

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SURREY/LANGLEY

IN 014 E 2 OV E R M M M SU

Come together in the heart of Willoughby Visit our fully furnished 2 Bed, 2 Bath + Den display suite. 1 Bedroom, 1+Den, 2 Bedroom, 2+Den 660 - 1360 sq.ft. Condominiums Priced from $199,900 This beautiful collection of condominium homes places you at the centre of the walkable, urban community of Willoughby Town Centre at 208th St./80th Ave. Visit all the retail shops & services now open, including Presidentâ€™s Choice grocer. Shoppers Drug Mart opening this Fall.

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

@WilloughbyLife | Willoughby Town Centre

liveatkensington.ca

80th Ave. 208th St.

Willoughby Town Centre

DEVELOPED BY

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SURREY/LANGLEY

THE ONLY LANGLEY CONDO COMMUNITY THAT HAS IT ALL!

Trilogy Club

BE A PART OF LANGLEY’S BEST MASTER PLANNED COMMUNITY! • Most walkable community - close to both shopping, nature park and walking trails • Spacious and thoughtfully designed interiors • 9,369 sq.ft. Trilogy Club - Langley’s largest private amenity centre • Invite a chef and host a cooking party in the chef kitchen • Invite your friends and let loose for an evening in the New York Inspired Lounge

• Kick back and enjoy the latest blockbuster on the big screen in the media room • Work up a sweat in the fitness room or meditate in the yoga studio • Hold your next business meeting in the impressive boardroom

20+ Homes under $220,000 Greenbelt homes from $339,900

elementsinlangley. com VIEW THE TRILOGY CLUB & NEW DESIGNER DISPLAY SUITE TODAY OPEN DAILY NOON - 5PM (CLOSED FRIDAYS)

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*Prices and incentives are subject to change and may be withdrawn without prior notice. Prices quoted exclude net HST or GST, whichever is applicable 20+ homes under $220,000 are in phases 1, 2 and 3. E.&O.E. Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca

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176TH ST

184TH ST

176TH ST

184TH ST

168TH ST

152ND ST

y King George Hw

SOUTH SURREY | WHITE ROCK

40TH AVE SERPENTINE FEN NATURE RESERVE

CRESCENT BEACH / BLACKIE SPIT

E SC

99a

32ND AVE

SUNNYSIDE ACRES URBAN FOREST PARK

CRESCENT PARK

24TH AVE

164TH ST

26TH AVE

24TH AVE

148TH ST

168TH ST

152ND ST

INE

16TH AVE 160TH ST

140TH ST

128TH ST

MA7 R

16TH AVE

20TH AVE

SOUTH SURREY ATHLETIC PARK

15 10TH AVE 8TH AVE

8TH AVE

SOUTH SURREY / WHITE ROCK 1.

MORGAN CROSSING

24th Ave & Hwy 99 604.582.1336

3. 4.

ROYCE

Thrift & Everall 604.538.8028

GEMINI

ADAGIO

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

EDGEWATER

152nd & 36 Ave. 604.818.5603

SALTAIRE

NEWPORT AT WEST BEACH

14949 Marine Drive 604-536-0256

Johnston Rd & Thrift Ave 604-662-3700

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SOUTH SURREY/WHITE ROCK

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SOUTH SURREY/WHITE ROCK

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Finances

How to take finances from mine and yours to ours, at any age

First comes love, and then comes… a joint bank account. Whether a couple is cohabitating in their 20s, getting married in their 30s or remarrying in their 60s, at some point in any serious relationship the conversation about joint finances will surface. Regardless of life stage, successfully integrating finances requires open and honest communication to determine how to best combine and plan for the future together. According to research from TD Canada Trust, which surveyed adults in committed relationships, the top three personal finance products that Canadians combine with their partner are a joint bank account (64 per cent), a mortgage (60 per cent) and a joint credit card (50 per cent), compared to only 36 per cent of couples who have a joint financial plan. “A common first step in combining finances with a partner is a joint account for shared household expenses, and like other aspects of the relationship, communication is key to keeping things harmonious,” says Janice Farrell Jones, TD Canada Trust. “It’s important that both parties have a clear understanding of household finances – from day to day spending to long-term savings and investments – and all aspects of each individuals finances ¬ from everyday banking to credit card management – to set the framework for a strong financial future together.” TD Canada Trust provides some advice that may help in maintaining financial harmony when integrating finances with a partner at any life stage: The 20s: Combining finances is often a first for many couples in their 20s, whether it’s renting an apartment together or working to pay down existing student debt.

When and how to share money will always vary depending on an individual couple’s financial situation and relationship, but communication is always key. “Start by discussing debt, saving, spending habits, financial goals, and credit history to determine if there is anything that may affect the ability to secure future loans together,” says Farrell Jones. “Next, work together to create a household budget that meets the needs of expense and debt management and has a little left over to put towards the collective financial goals.” Paying down student debt and saving for a home in the future, for example, are common goals for many couples in their 20s. As with any financial goal, it’s important to discuss and align on key considerations like timing, affordability and overall expectations. In the case of home ownership, couples should also make sure they agree on whether they are buying for the long or short-term as it will have a financial impact down the road. The 40s: Paying down debt, raising kids and saving for retirement – with many financial priorities, streamlining is essential for couples looking to combine their finances in their 40s. “First and foremost, couples at this life-stage should focus on what will make life easier, financially, together,” says Farrell Jones. “Consider working with an expert to make sure each individual financial strategy aligns with the other to maximize savings potential and keep all of the household financial priorities on track. Couples can also further streamline by making savings automatic with pre-authorized transfers into a TFSA, RSP and a child’s RESP.” Some couples may choose to merge certain aspects of their finances, while retaining individual accounts for additional saving or discretionary spending. Whether a couple decides to combine everything, keep everything separate, or somewhere in the middle, it’s important that both parties are ultimately working towards the same financial goals. The 60s: Likely, many couples in their 60s have a solid financial base, but with fewer peak income earning years remaining, it’s important to have a clear picture of what retirement looks like and what it will take, financially, to get there. “Spending time with the grandkids will have a much different price tag than travelling the world, so alignment on the retirement vision is essential,” says Farrell Jones. “If there is not enough saved for the type of retirement a couple wants, they should work with an expert to help determine how much more needs to be saved and ensure each individual financial plan complements the other to maximize savings and investments.” Whether married or common-law, couples should also ensure their retirement savings strategy takes advantage of spousal RSP contributions to help reach their retirement goals faster while lowering income taxes now and in retirement.

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SOUTH SURREY/WHITE ROCK

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152ND ST.

ROYCELIVING.COM

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Homes are selling fast! Our stunning designer display suite is ready to take your breath away.

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SOUTH SURREY/WHITE ROCK

Only 4 River-Side Homes Remain! With the freedom of a lock & go lifestyle you can upsize your life! Come home to your luxurious and inspiring South Surrey Condo, a perfect complement to the spectacular park-like setting.

EDGEWATER Only 1 available to move-in for Christmas!

975 - 1,055 sq ft from $429,900

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Billiards & Fitness Studio Spacious Floorplans Workshop & More!

The Best for Last. New Designer Display Home Now Open! edgewaterliving.com Call 604.538.5266 OPEN DAILY NOON - 5PM (EXCEPT FRIDAYS) SUITE 108 - 15175 36TH AVENUE, SURREY

er Riv

152 st

2 Bed

11 Acres of Greenspace Lock & Go Lifestyle Rooftop Patio & Lounge

om e

The Best of Edgewater...

Nic

36 ave

SOUTH SURREY

Prices and promotions subject to change without notice. Prices quoted exclude taxes. Donâ€™t miss out! Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca E.&O.E.

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SOUTH SURREY/WHITE ROCK

The Summit House at Morgan Crossing has suites with dazzling mountain views. From the North Shore Mountains, through to Golden Ears and all the way around to Mount Baker. Year-round these rocky beauties will enchant you. Or perhaps staring out on a calm lush oasis is more your style. The Summit House has suites that look out on the Rooftop Plaza, over an acre of blossoming outdoor space complete with a BBQ, sunning area and community garden. The Summit House is the final opportunity to own at Morgan Crossing, a walkable urban village in the heart of South Surrey. Visit us today and experience Village life for yourself!

2 BEDROOM 856 SQFT SUITES FROM $289,900 INCLUDING GST* Size (s.f)/Type

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Mountains

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$51,783

LEARN MORE ABOUT THE SUMMIT HOUSE Visit the Real Estate Presentation Centre! Open daily (except Fridays) noon - 5pm #314-15850 26th Avenue, South Surrey MORGANCROSSING.CA

604.582.1336

DEVELOPED BY Sales + Marketing by

*Pricing deadline December 15th, 2013. Prices include net GST, subject to availability. Prices & specifications subject to change without notice. This is not an offering for sale, such an offering can only be made by way of a disclosure statement. E.&O.E.

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Designer Advice

All-uminum you need // by Yanic Simard When debating between metals in interior design, people

usually focus on one iconic match-up: Silver vs. Gold. Stainless steel also gets a lot of attention for its popularity in modern appliances (and Modern-period furnishings), but one contemporary favourite has gone a little overlooked: aluminum. Anodized (rust resistant) aluminum’s cool tones and light weight make it an excellent choice for a wide range of furnishings, from seating to lighting and everything in between. Since metals so easily mix with other materials, or each other, in both modern and traditional schemes, look no further than my list of aluminum treasures to give your home in the clouds a mineral infusion:

1 Turned Dining Table Crate and Barrel’s Mallorca table pairs metallic legs (in a turnery design reminiscent of hand carved wood) with a marble top — both materials are cool and sleek, but the aluminum draws out the silvery marble veining, making the stone the real star. Contrast this piece with traditional bentwood seats in an inky blue finish, or get playful and gather mismatched chairs using the same white and aluminum elements in different ways.

2 Mixed Material Consoles Designer Hilla Shamia’s cast stools start with the organic nature of raw wood, fusing it to a metal frame and celebrating the contrast between the two. Metal and wood is a timeless combination that balances traditional warmth with cool modern lines perfectly. Use a bench like this where you need flexible seating, and pull it up as a cocktail table when you’re having drinks for one.

3 Cool Cabinetry To achieve a

stunning yet accessible transitional look (and touch of sparkle) in the kitchen or bathroom, consider switching to cabinet doors with windowed fronts and aluminum trim.

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It frames your dishes, glassware or wash towels like an art gallery display case, creating a dramatic statement but an airy atmosphere. Try Ikea’s various cabinet doors (such as the Lillangen) in this finish for a quick switch-out.

4 Metal Rocker The 1940’s classic 1006 chair (the Ten-oh-6, by Emeco) was originally designed for hard wear: nicknamed the Navy chair, it was commissioned by the US government to withstand abuse from both the elements and sailors, but now is a favourite for modern and transitional dining spaces. Philippe Starck’s Heritage Rocking Armchair updates this already contemporary-feeling staple with a rocking base for a softer look. Add either this or the original to virtually any room for an easy update (available at Klaus Nienkamper and hip boutiques) — having been born and raised French I never live anywhere without a rocking chair.

5 Traveller’s Trunks While browsing Bethelin.com

I also noticed luggage-like metal trunks which actually serve as chests of drawers or wardrobes, underscoring how beautifully aluminum pairs with natural materials like leather. Use one or two tall pieces like this (stunning from all sides) like a wall to divide a large room into two zones, or define a dressing area.

6 Sturdy Stool Metal stools are a popular choice for bar

seating, even in private homes where the crowd of guests isn’t usually so rough. Always make sure however to measure your counter and stool for height: true bar stool seats (as opposed to counter seats), at around 30” tall, are only meant for higher bar counters starting at 40”. For a trendy and modern, winter-ready effect, drape a small faux sheepskin over each seat for some engaging contrast.

3 7 Working Classic The ageless Herman Miller desk chair

(available from dwr.com) is such a designer favourite I even have several in my design studio. The clean lines of the simple upholstery and gently rounded metal edges create a more elegant look than the overly technical-looking selections of many corporate executives (while still providing stylish comfort).

8 Task Lamp Also available from DWR (short for Design Within Reach), the Tolomeo desk light translates the look of rusty old work lamps into a sparkling, architectural form that gives you light just where you need it while celebrating the beauty of a very functional material. The design captures this so perfectly, in fact, that the light ironically won the Compasso d’Oro award in 1989 — also known as the Golden Compass. Studio Swine’s Can City This project takes discarded aluminum cans (pulled from the streets of Sao Paolo), melts them down, and repurposes the raw materials to create artistic, handcrafted modern stools. It beautifies the world in two ways at once, and really goes to show: it’s time aluminum got the respect it deserves! Check out the project at: www.studioswine.com

Yanic Simard is the principal designer of the Toronto Interior Design Group. Specializing in residential and commercial projects, Yanic often applies his signature high/ low and old/new combination design techniques in developing unique interiors. Simard has created designs for clients in Toronto, Montreal and Miami, and has appeared as a regular guest expert on Citytv’s CityLine. For more information visit tidg.ca nov 29 - Dec 13, 2013 metro vancouver new Condo Guide 75

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R IVE

KNIGHT ST

99 VANCOUVER INTERNATIONAL AIRPORT (YVR)

R DR

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

NO 3 RD

NO 6 RD

Westminster Hwy

RICHMOND NATURE PARK

GRANVILLE AVE

RICHMOND CENTRE

GRANVILLE AVE

R DR

CAMBIE RD

ALDERBRIDGE WAY

LANSDOWNE PARK MALL

NO 4 RD

WESTMINSTER HWY

RICHMOND NATURE PARK

Richmond Hwy NO 5 RD

R KE BA RU SS

NO 4 RD

CAMBIE RD

R IVE

CAMBIE RD

SHELL RD

GARDEN CITY RD

NO 3 RD

LANSDOWNE PARK MALL

RICHMOND

BRIDGEPORT RD GRANT MCCONACHIE WAY ALDERBRIDGE WAY

W AY

KE BA SS RU

RICHMOND CENTRE

99 R IV ER

WESTMINSTER HWY

GRANVILLE AVE

NO 6 RD

CAMBIE RD

NO 5 RD

W AY

GARDEN CITY RD

VANCOUVER INTERNATIONAL AIRPORT (YVR)

SHELL RD

BRIDGEPORT RD GRANT MCCONACHIE WAY

KNIGHT ST

R IV ER

Richmond Hwy

Westminster Hwy

GRANVILLE AVE

BLUNDELL RD

RD Y WA

RD R VE RI

W AY

OV E

RO 47TH AD

A AVE

se rR 62ND B ST

B ST

48TH AVE

TSAWWASSEN

A4. HARMONY

Presentation Centre No 3 Rd and Bennet 604.278.3939

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

41ST B ST

Sales Centre 7100 Elmbridge Way 604-282-7838

A5. THE PIER AT LONDON LANDING

B1. BRIO

5454 - 12th Ave. 604.943.8811

56TH ST

28TH AVE

A3. RIVER PARK PLACE

28TH AVE

ENGLISH BLUFF RD

604.233.7748

53RD ST

R IV

53RD ST

EL RD O N

(on Capstan at Number 3 Road)

48TH AVE

U R DR

9099 Cook Road Richmond Presentation Centre 8511 Capstan Way

U R DR

AC H

R IV

ARTH

A2. MONET

W RD

41ST B ST

CE M ETE RY

RICHMOND #101-8600 Park Road 604-270.2482

ARTH

RI VE R

N KSO

113 ST

SOUTH DE LTA PAR K

56 ST

53A ST 8A AVE

BOU N DARY BAY R EG IONAL PAR K

72 AVE

A1. SAFFRON

47TH A AVE

JAC

B1 12 AVE

8A AVE

74 AVE

55 ST

53A ST

52 ST

75A AVE

12 AVE

119A ST

75 AVE 115 ST

D E LTA

CHALM E R S PAR K

DE LTA NATU R E R E S E RVE

O YM RR

78B AVE

IC A

MONROE DR

116 ST

118 ST

112 ST

B EACH G ROVE GOLF C OU R S E

80 AVE

NT A

82 AVE

DEAS ISLAND REGIONAL PARK

G RAU E R PAR K

C OAST TSAW WAS S E N I N N

MACK I E PAR K

ENGLISH BLUFF RD

BL VD

SCOTT RD

NORDEL WAY

is Hw

c Anna

84 AVE

80 AVE

TSAW WAS S E N GOLF CLU B

I LT SH

AVE FINN 18 RD

LADNER

RI VE R62ND RD

112 ST

NO 3 RD

S P LAS H D OW N PAR K

DEAS ISLAND REGIONAL PARK

FINN RD

TSAW WA S S E N

56 ST

90 AVE

NORTH DE LTA PAR K

NO 3 RD

52 ST

116 ST

MONCTON ST

Fr a

ER R IV

MONCTON ST

GARRY POINT PARK

96 AVE

GARRY POINT PARK

ive r

NO 6 RD

ive r se rR

NO 5 RD

Steveston Hwy

Steveston Hwy Steveston Hwy

ER R IV

Fr a

Steveston Hwy

SOUTH ARM PARK

NO 4 RD

WILLIAMS RD

NO 5 RD

NO 3 RD

GILBERT RD

FRANCIS RD

NO 2 RD

RAILWAY AVE

SOUTH ARM PARK

NO 4 RD

NO 1 RD

WILLIAMS RD

NO 3 RD

GILBERT RD

RD FRANCIS FRANCIS RD

NO 2 RD

NO 1 RD

RAILWAY AVE

FRANCIS RD

NO 6 RD

BLUNDELL RD

12TH AVE

076-Richmond Delta 2011_CG.indd 76

56TH ST

6TH AVE

76 METRO VANCOUVER NEW CONDO GUIDE NOV 29 - DEC 13, 2013

4TH AVE

1ST AVE

2013-11-22 4:43 PM

AL DE

AY W

MINORU BLVD.

R MB

RB RI DG

E WAY

RICHMOND/DELTA/LADNER/TSAWWASSEN

Sales Centre

WESTMINSTER HWY.

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condo sense

// by cameron mcneill

Fall Round-Up T Cameron McNeill is the owner of MAC Marketing Solutions, one of B.C.’s and Alberta’s leading real estate sales and marketing firms. Cameron also co-founded TAC Real Estate, a resale firm, and MPC Intelligence, a real estate market-research firm. Together with his experienced and dedicated team of sales, marketing and administration professionals, he has transacted more than 14,000 new homes and $5 billion in sales. Email him at cm@macmarketingsolutions.com or follow him on Twitter @mac_marketing

his fall, the pulse of the presale market has continued to show signs of strength with many positive economic indicators and the unveiling of several new major developments. Since September 1st, 26 new projects have been brought to market in Metro Vancouver! High-profile releases such as Trump Tower (Holborn Group), One Pacific (Concord Pacific), Modello (Boffo Developments), Delta Rise (Blexo Developments), The Shore (Adera) and RedBrick (Amacon) are examples that highlight one of the most active quarters we have seen in recent years. The scale and number of these highly regarded developments not only reflect confidence in the Metro Vancouver real estate market, but signal the next wave of construction activity. What’s on the horizon for 2014? Many developers are working through the development application process on some exciting new projects. Plans for Westbank’s 1400 Howe Street, a 52 storey tower architectural masterpiece designed by world renowned Danish architect, Bjarke Ingels, located at the north end of the Granville Street Bridge. Concert Properties and Concord Pacific are both working on proposals for masterplanned communities along False Creek consisting of several new high-rises and new parks. Anthem Properties and Beedie Living are planning the next phases at Station Square, Metrotown in Burnaby.

What’s on the horizon for 2014? Many developers are working through the development application process on some exciting new projects. Plans for Westbank’s 1400 Howe Street, a 52 storey tower architectural masterpiece designed by world renowned Danish architect, Bjarke Ingels, located at the north end of the Granville Street Bridge. But measuring the health of the real estate market is more than the number of new developments brought to market. We are excited to share with you our Micro Home 2014 forecast in the next issue of New Condo Guide, which willNomad look at some nomadmicrohomes.com economic indicators and other influences and statistics to reflect what the coming year will mean for buyers. 78 metro vancouver new Condo Guide nov 29 - Dec 13, 2013

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NEW HOME GUIDE

■ ■ ■ ■ BLACK ■ ■ ■ ■ MAGENTA

■ ■ ■ ■ CYAN ■ ■ ■ ■ YELLOW

RICHMOND/DELTA/LADNER/TSAWWASSEN

LAST CHANCE TO OWN

STEVESTON WATERFRONT

NOW SELLING! The Pier at London Landing is a collection of 76 premium view condos and penthouse units, set above street-level retail. Enjoy a luxurious lifestyle on the water’s edge, overlooking a vibrant pedestrian-friendly plaza, public waterfront park, and an array of shopping options. STUDIO UNITS from $ 229,900

2 BDRM + DEN from $ 499,900

1 BDRM + DEN from $ 389,900

3 BDRM + DEN from $ 879,900

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From a group that has chosen an enviable location and elevated it!

Prices exclude taxes. This is not an offering for sale. E.&O.E.

PRESENTATION CENTRE 12235 No.1 Rd, Steveston Call: 604.274.7326

Mon to Thurs 2-5pm Sat & Sun 12-4pm

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ISSUE DATE: Nov 5 2013 AD SIZE: 7.25” w x 9” h PUB: New Home Guide

2013-11-22 3:55 PM

condo profile

River Green

The dream made real // By Susan M Boyce

ure luxury has arrived in Richmond. It’s the luxury that comes with a feeling of sumptuousness, an opulence at once understated yet ever present. And its name is River Green.

“ Buyers constantly tell us they believe River Green is an exceptional value.” Lily Korstanje

resort — 24-hour concierge, soaring lobbies in marble and natural woods, plus diverse amenities that include a 25-metre lap pool with adjacent children’s pool and hot tub, a golf simulator room, a music room with piano and even quiet study rooms with full internet services. Celebrate Nature

Perhaps most eye-catching, though, is River Green’s respectful integration with its waterfront setting. Terraced water gardens, ponds, and waterfalls wrap around the first three towers creating a rare tranquility and harmony with nature. Intertwining paths and outdoor seating areas intersect with outdoor meditation spaces or gazebostyle pavilions that appear to float on the water. And ever present is the backdrop of the Fraser River, North Shore Mountains and Gulf Islands to the far west. Art too is integral to life here. Spanning the port cochere entry between the first and second residences is a glass skybridge that’s become a shimmering canvas for a local artist’s depiction of a Richmond heron alighting on her nest. Intriguing by day, at night, backlighting gives the $2 million art piece a dramatic movement — as if the bird has come alive. Come Home to Elegance

A Proud Tradition of Excellence

Located on the river directly west of the Olympic Oval, this masterplanned community is the latest addition to the Aspac legacy of exceptional residences in exceptional settings — a legacy that began at Coal Harbour, continued at UBC, and is now emerging at Richmond’s newest prestige neighbourhood. Like its predecessors, River Green focuses squarely on details that create the ambiance of an exclusive, five-star

Inside, River Green successfully redefines elegant living. Kitchens are iconic: built-in cappuccino makers, steamer ovens, and the élan of flush cabinetry. Bathrooms feature Carrera marble counters and walls, decadently deep soaker tubs, and frameless glass showers. The sense of sophistication is everywhere. “When people see these residences, we hardly need to say anything because the quality speaks for itself,” says Lily Korstanje, director of marketing. “Buyers constantly tell us they believe River Green is an exceptional value. They understand the vision of this community and they embrace the opportunity to be part of it because it will only get better with time.” River Green is located on the river at 5171 Brighouse Way in Richmond where display suites are open for viewing by appointment. For more information visit rivergreen.com or call 604.233.2633.

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OR CT

CEDAR DR

VICTORIA DR

DOMINION AVE

224TH ST

DEWDNEY TRUNK RD

210TH ST

DEWDNEY TRUNK RD

216TH ST

y M EADOW GARDENS

124TH AVE

232RD ST

228TH ST

DEWDNEY TRUNK RD

1 240TH ST

PITT M EADOWS

S BONSON RD

207TH ST

AIRPORT

R IVE

R RD 116TH

248TH ST

2 3

HAMMOND RD

227TH ST

DEWDNEY TRUNK RD

224TH ST

123RD AVE 203RD ST

FORD RD

HARRIS RD

GOLF COURSE

HARRIS RD

AVE

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

A KA KAN

WAY

110TH AVE 108TH AVE GOLDEN EARS BRIDGE

104TH AVE

JAC KS O

ghe

Lou

DR MACLU RE

240TH ST

OTTAWA ST

PITT MEADOWS | MAPLE RIDGE

102TH AVE

MAPLE RIDGE 1. FALCON CENTRE 11862 226th Street 604.477.1500

2. EDGE ON EDGE 12075 Edge Street 604.466.8783

3. PARC VUE

22245 Lougheed Hwy. 604.467.8884

4. 223 NORTH

#101 - 22318 Lougheed Hwy. 604.463.0588

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PITT MEADOWS/MAPLE RIDGE

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condo watch

Coulter Berry Building: Fort Langley On the Street: Glover and Mavis On the Web: coulterberry.com Highlights: Although there’s a temporary hold on the permit for this property, if you’re in the market for a new condo residence in the heart of historic Fort Langley and you’re willing to wait, you should keep your eye on the website. A tough to beat location opposite Wendel’s Books and Café. We’ll keep you posted as we learn more.

Reid Block: Fort Langley

Condo market watch

University District: Surrey

On the Street: 9190 Church St.

On the Street: 13409 – 104th Ave.

On the Web: reidblock.com

On the Web: bosaproperties.com

Info: 604.505.0891

Info: 604.588.5795

Finally the wait is over. Bosa Properties has revealed their brand new BosaSpace concept, and it truly is something unique, innovative and beautiful. First of all, banish thoughts of sliding walls and built-in storage units. University District has taken these concepts to the next level for the ultimate in flexibility, creatins wuites with a chameleon-like ability to handle parties for 12 as easily as candlelight dinner for two. Sound impossible? We thought so too… until we saw it. These homes will change the way you view apartment living. Highlights:

Condominium homes to keep your eye on

Addition: Downtown Vancouver

Aperture: Oakridge

On the Street: 1155 Hornby

On the Street: Baille and 41st Ave.

On the Web: additionliving.com

On the Web: apertureliving.com

Info: 604.620.6692

Think downtown Vancouver is out of reach? Think again. Here comes Addition. Located at the gateway to downtown’s entertainment and cultural district, this 20-storey tower will introduce 164 homes priced from just $364,900. Priority register today for information as soon as it’s released. Highlights:

Highlights: Hot off the hoarding boards — at press time, signage had just gone up for this collection of 78 one-, two- and three-bedroom suites located just across the street from Oakridge Mall. Information is still extremely limited, but a presentation centre for these villa and garden suites is expected to open soon in the mall. Prices anticipated to start in the mid $300,000s. Priority register today for more info as it’s released.

Highlights: Small is beautiful: four luxury residences with roof top decks opposite Fort Langley’s largest antique mall. Formerly the site of Reid’s Blacksmith Shop and Garage, this property was purchased in early 2000 by Spade Holdings Ltd. When construction is complete, this unique, mixed-use property will become the third incarnation of a commercial venture on the site in the past 100 years. Interesting factoids: the Garage has been used in movies and TV shows, rented by the Fort Langley Canoe Club and was used as a ‘Restored House Church.’ Ground floor commercial spaces also available.

Tell Us Your News Got a new development, opening, or other news you’d like us tofeature in Condo Market Watch? Drop us a note at condomarketwatch@wall2wallmedia.com, and we’ll do our best to get it in the next edition.

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HOMEBUYERS’ HELP

condo buyers’

resource section

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

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homebuyers’ help

Calculate your mortgage payments interest rate

amortization period

chart figure

mortgage amount ÷ 1,000

monthly payment

example: 5%

25 years

5.82

125 (mortgage amount $125,000)

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

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

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.

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Mortgage payment calculation chart

Amortization Periods

Interest Rates

10 years

15 years

20 years

25 years

30 Years

3.00%

9.65

6.90

5.54

4.73

4.21

3.25%

9.76

7.02

5.66

4.86

4.34

3.50%

9.88

7.14

5.79

4.99

4.48

3.75%

9.99

7.26

5.91

5.13

4.61

4.00%

7.38

6.04

5.26

4.76

10.11

4.25%

10.23

7.50

6.17

5.40

4.90

4.50%

10.34

7.63

6.30

5.53

5.04

4.75%

10.46

7.75

6.44

5.67

5.19

5.00%

10.58

7.88

6.57

5.82

5.34

5.25%

10.70

8.01

6.74

5.96

5.49

5.50%

10.82

8.14

6.85

6.10

5.64

5.75%

10.94

8.27

6.98

6.25

5.79

6.00%

11.07

8.40

7.12

6.40

5.95

6.25%

11.19

8.53

7.26

6.55

6.11

6.50%

11.31

8.66

7.41

6.70

6.26

6.75%

11.43

8.80

7.55

6.85

6.42

7.00%

11.56

8.93

7.69

7.00

6.59

7.25%

11.68

9.07

7.84

7.16

6.75

7.50%

11.81

9.21

7.99

7.32

6.91

7.75%

11.94

9.34

8.14

7.47

7.08

8.00%

12.06

9.48

8.28

7.63

7.25

8.25%

12.19

9.62

8.44

7.79

7.42

8.50%

12.32

9.76

8.59

7.95

7.59

8.75%

12.45

9.90

8.74

8.12

7.76

9.00%

12.58

10.05

8.86

8.28

7.93

9.25%

12.71

10.19

9.05

8.45

8.10

9.50%

12.84

10.33

9.20

8.62

8.28

9.75%

12.97

10.48

9.36

8.78

8.45

10.00%

13.10

10.63

9.52

8.95

8.63

10.25%

13.24

10.77

9.68

9.12

8.80

10.50%

13.37

10.92

9.84

9.29

8.98

10.75%

13.50

11.06

10.00

9.46

9.16

11.00%

13.64

11.22

10.16

9.63

9.34

11.25%

13.77

11.36

10.32

9.80

9.52

11.50%

13.91

11.52

10.49

9.97

9.70

11.75%

14.04

11.66

10.65

10.15

9.88

12.00%

14.18

11.82

10.81

10.32

10.06

12.25%

14.32

11.97

10.98

10.49

10.25

12.50%

14.46

12.13

11.15

10.67

10.43

12.75%

14.59

12.28

11.31

10.85

10.61

This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 nov 29 - Dec 13, 2013 metro vancouver new Condo Guide 87

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BRITISH COLUMBIA’S

NEW CONDO DEVELOPMENTS PROJ ECT

TYPE

C O N TA C T

PRICE

LR LR LR HR LR

604.854.1201 604.746.3496 604.557.1047 604.746.1551 604.850.3694

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

604.456.8883 604.291.9130 theamazingbrentwood.com libertyhomes.ca 778.331.0348 604.288.7394 604.320.3386 liveatburnabyheights.com 604.899.8800 604.899.8800 604.435.9477 604.435.9477 604.435.8866 604.439.9580 604.456.0688 604.431.6033 604.754.7338 604.437.0100 604.294.4995 604.527.7955 604.525.8496 604.435.8866 604.298.8800 604.438.1113 604.218.3338 veniceliving.ca 604.970.9606 604.874.9232

From Mid $200’s Call Coming Soon Coming Soon From $209,900 Coming Soon Call Coming Soon From $349,800 Coming Soon Call From $439,900 From $495,900 From $365,900 From $389,900 Call From $274,900 From $239,900 Call Call Call From Low $300’s From Low $300’s Call From $249,900 Coming Soon From $259,900 From $299,000

ABBOTSFORD

Abacus Uptown Brooklyn Lift Mahogany at Mill Lake Waterleaf BURNABY

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

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

604.824.5062 1.800.830.7175

Call From $184,900

HR HR

604.472.1123 604.931.0302

Call From Low $200’s

Penthouse (PH)

Real Estate Sales & Marketing From the ground up

Live Work (LW)

City Home (CH)

C O N TA C T

PRICE

Bloom Celadon Charland Como Easton Emerson Evergreen Grand Central 2 Hazel MTwo MThree Maya Mackin Park Oasis Regan’s Walk

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

604.939.8808 604.942.8416 604.492.3388 604.939.0018 604.936.2012 604.936.9300 604.942.2672 604.936.1888 778.829.1500 604.472.9555 604.472.9555 604.288.9888 604.939.8874 604.464.2701 604.492.0222

From $249,900 From $339,900 Call From $189,900 From $339,900 incl. all tax Call From $267,900 From $309,900 From $220,500 From $599,900 From $291,900 Call From $199,900 Call From $199,900

604.940.5533

From $324,900

LR HR

604.590.8003 604.594.7473

From $199,900 From $189,000

LR LR HR LR LR LR LR LR LR LR LR

604.882.8857 604.530.7011 604.534.7974 604.534.6000 604.533.7718 604.377.7000 604.427.3311 604.635.0643 604.514.1530 604.539.2200 yorksoncreek.com

From $137,500 From $194,900 Coming Soon From $199,900 From $159,900 Coming Soon From $199,900 Call From $224,900 From $139,900 From $179,900

LR LR LR LR LR LR LR

604.463.0588 604.318.5254 604.466.8783 604.477.1500 604.467.8884 604.467.9300 604.380.0300

From $139,900 Call From $149,900 Call Call Coming Soon From $189,900

Canu NORTH DELTA

Luxor Delta Rise LANGLEY

Athenry Gate Bearing Pointe Charleston Place Cornerstone Elements Focal Pointe Kensington Serenade Suede Varsity Yorkson Creek MAPLE RIDGE

223 North Cascada Edge on Edge Falcon Centre Parc Vue Station One Wellington Station

COQUITLAM

1123 Westwood Austin

TYPE

LADNER

CHILLIWACK / SARDIS

Garrison Crossing La Cason

PROJ ECT

High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

Loft (LO)

Townhouse (TH)

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

FIFTHAVE.CA 88 METRO VANCOUVER NEW CONDO GUIDE NOV 29 - DEC 13, 2013

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all tax

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

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

PROJ ECT

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

NEW WESTMINSTER

PORT COQUITLAM

258 on Sixth HR 604.377.9630 Call Brewery District HR 604.694.1188 Coming Soon Carlyle at Victoria Hill HR 604.523.0733 Call 604.525.8980 Call Dominion HR From $218,900 Duo at Port Royal LR 604.520.9890 Elliot St HR 604.524.8080 From $224,900 Glass House Lofts LR 604.520.9890 Call LR 604.523.0733 Call Grove, The Lookout at Victoria Hill, The LR 605.523.0733 From $239,900 HR 604.523.0081 From $266,000 Northbank Parksie HR 604.523.0733 Call HR 604.523.0733 From $239,900 Parkside at Victoria Hill HR 604.525.0223 From $299,900 Trapp & Holbrook LR 604.522.2583 From $321,900 Viceroy

Altura Avanti Burleigh Walk Carmandy La Via Orchid Shaughnessy, The South Verde Valorie on the Park Residences, The Alexandra Court Camber Carrera Centro Concord Gardens Emerald Gardens, The Harmony Monet Opal at Richmond Centre Ora Pier, The Remy River Park Place River Inlet Saffron

Penthouse (PH)

City Home (CH)

604.552.0552

Call

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

604.278.5809 From $329,900 604.276.0677 Call 604.244.7721 Call 604.270.8305 From $389,900 604.233.7748 From $300,000’s 604.244.8333 From $296,000 604.271.3331 From $254,900 604.278.3939 From $288,800 604.233.7748 From $300,000’s 604.303.7575 From $464,900 604.278.8838 Call 604.274.7326 Call 604.279.8866 From $211,900 From $229,900 604.282.7838 604.233.2633 Call 604.270.2482 Call

TH/LR TH LR

1.877.344.5566 604.898.2232 1.888.852.7575

From $239,000 Coming Soon Call

HR LR LR LR LR HR LR

604.957.3331 604.596.2202 tiensher.com 778.395.1886 604.530.5399 604.453.6688 604.596.5075

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

SURREY

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

Call From $134,900

Live Work (LW)

SQUAMISH / WHISTLER

Aqua Elaho University Heights

PITT MEADOWS

778.846.3200 604.460.6601

From $219,900 Call From low $199,900 From $209,900 From $169,900 From $149,900 Call Call From $246,900

RICHMOND

15 West HR 604.980.9949 From $340,000 LR Coming Soon 221 East 3rd LR/LW 604.984.0700 From $299,000 700 Marine Drive Anchor, The HR 604.988.8800 From Mid $200’s MR/TH 604.983.9065 Call Atrium at the Pier Canyon Springs LR 604.973.0298 Coming Soon MR 604.929.8870 Call Capstone Destiny 2 at Raven Woods LR 604.929.1915 From $288,900 Drive, The LR 604.986.8138 Call Heywood on the Park LR 604.985.0003 From $288,900 Landing, The MR 604.983.9065 Call Local on Lonsdale HR/LR/TH 604.998.0219 From $309,900 Maplewood North LR 604.727.1594 From $378,900 Northlands LR 604.800.2120 From $244,900 LR 604.638.6240 From $309,900 Orizon Pinnacle Residences at the Pier MR 604.983.9065 Call Prescott, The HR 604.969.3333 From Mid $200’s Queen Mary LR 604.770.1645 From $349,900 Remix LR 604.924.4488 Call HR 604.980,5000 Coming Soon Seylynn Vilage Shore, The LR 604.980.0016 Call

LR LR

604.552.5887 604.468.2707 604.464.5856 604.435.9477 604.475.5100 604.866.4206 604.468.8252 604.468.8252 604.464.4764

PORT MOODY

NORTH VANCOUVER

Cedar Downs Liv42

LR LR LR LR LR LR HR LR LR

High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

Loft (LO)

Townhouse (TH)

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PROJ ECT

Lingo Lumina Manarola Park Avenue Park Central Quattro Ultra at West Village Verve Wave

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

LR LR LR HR LR LR TH/HR LR HR

604.727.5478 604.727.5478 604.825.1038 604.583.9866 604.817.5852 604.581.8000 604.588.6999 604.588.3783 604.951.9283

PROJ ECT

From $159,900 From $274,900 From $179,900 Incl. GST From $250,000 From $289,900 From $159,900 From $186,900 From $160’s From $279,900

CLOVERDALE

Latis One92 Salix

LR LR LR

604.575.0669 604.576.1772 604.530.0054

From $194,900 From $199,900 From $229,900

VANCOUVER & AREA DOWNTOWN

999 Seymour HR Fairmont Pacific Rim Estates HR Keefer 188 LR Keefer Block LR Maddox HR Mark, The HR Modern HR One Pacific HR Pacific Pt. HR Private Residences at Hotel Georgia, The HR Ritz, The HR Rolston, The HR Sapphire, The HR Tate on Howe HR

604.879.9996 From $327,400 604.781.4303 Call 604.620.2018 From $239,900 604.682.8813 From $269,900 604.669.8200 $389,900 604.687.4353 Call amacon.com From $300’s 604.899.8800 From Low $300’s 604.685.0855 From $349,900 604.682.8107 Call 604.876.9222 From $829,900 604.688.8927 Call 604.876.9222 From $699,900 604.568.8283 From $268,000

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

Live Work (LW)

City Home (CH)

5555 Dunbar LR 6 & Fir HR Academy HR Arbutus Ridge MR Binning Tower HR Cambie & 7th HR/TH Elizabeth LR Empire at QE Park LR Granville at 70th HR James MR Kerrisdale Gardens MR Kits360 LR Lido HR MC2 HR Meccanica HR Opsal HR Pinnacle Living Broadway MR Pinnacle Living False Creek MR Prelude MR Radius LR Riley, The LR Sail LR Shannon Wall Centre Kerrisdale LR Sixth and Willow The Village on False Creek HR Westerly, The LR Yu MR Brio Tsawwassen Springs

604.568.7551 Call 604.899.8858 From $449,900 604.228.8895 From $888,000 604.738.0001 Call 604.646.1111 From $499,900 604.568.5060 Call 604.877.1722 Call 604.687.8800 Coming Soon 604.687.2298 Call 604.675.1000 From $424,900 604.559.9848 Call 604.737.0360 From $379,900 604.872.2672 From $458,900 604.638.9998 From $259,000 604.876.8819 From $394,900 604.876.7332 Call 604.739.2080 From $429,900 604.874.8368 From $369,900 778.986.7860 Call 604.731.5528 Coming Soon 604.616.7008 From $347,500 604.221.8878 Call 604.267.8882 Call sixthandwillow.com Coming Soon 604.733.2010 From $390,500 604.558.3399 From $300,000’s 604.827.3488 From $452,400

LR SF/LR

604.943.8811 Call 604.948.HOME Call

WEST VANCOUVER

238westbroadway.ca Call 604.800.8862 From $269,900 604.682.8801 Call 604.569.3388 From $227,900 604.687.4353 Call 604.330.8838 From $266,900 604.569.1555 Call 604.872.0331 From $269,900 604.620.7886 Call 604.688.5527 From $349,900 604.877.1116 From $339,900 604.261.3936 Coming Soon 604.434.2205 From $399,900 604.436.1100 Call 604.303.8838 From $219,900 604.683.0900 From $249,900 604.874.9232 From $299,900 Penthouse (PH)

WEST SIDE

TSAWWASSEN

EAST SIDE

238 W Broadway 2nd & Commercial Block One Bohème Central Charm Collection 45 Evan Kensington Gardens Local Main Street Shine Shoreline Skyway View338 Wall Centre 900 Hastings Wall Centre Central Park

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

Evelyn Galleries on the Bay

LR LR

604.922.0330 Call 604.836.7355 From $490,000

WHITE ROCK / SOUTH SURREY

Adagio Avra Edgewater Gemini Headwaters Heights, The Kingston House Morgan Crossing Newport at West Beach Royce Saltaire Sausalito Winter Street High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

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

604.531.6659 From $288,900 604.531.9030 From $319,900 604.535.9655 From $229,900 604.536.1663 Call 604.535.1451 From $259,000 778.545.8737 Call 604.871.4125 Coming Soon 604.582.1336 From $275,900 604.536.0256 From $259,000 604.538.8028 From $332,900 604.560.1656 Call 604.538.3237 Call 604.364.7455 From $299,900

Townhouse (TH)

New homes available throughout

www.macmarketingsolutions.com Metro Vancouver & Calgary We sell the homes you want to buy. /MacMarketingSolutions

@MAC_Marketing

/MACMSTube

90 METRO VANCOUVER NEW CONDO GUIDE NOV 29 - DEC 13, 2013

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IN THE MARKET FOR A

NEW HOUSE

OR A CONDO?

We think ﬁnding a home is a lot more than simply ﬁnding the right property. That’s why we put you right in the middle of the search process.

Search your favorite neighbourhood

Find out about nearby services and amenities

View new construction projects and register to get the latest info

Visit the new real estate section on canpages.ca and start looking for that special place. Powered by

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AmAzing plAnnEd cOmmuniTy. AmAzing ViEw HOmEs.

AmAzing nEw sHOps. AmAzing EVEnT plAzA.

A m A z i n g T r A n s i T A c c E s s . A m A z i n g E n E r g y.

r E g i s T E r T o d a y. o w n i T 2 0 1 4 .

T H E a m a z i n g b r E n T w o o d.com

The developer reserves the right to make changes and modifications to the information contained herein without prior notice. This is not an offering for sale. E.&O.E.

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