BC New Condo Guide - Dec 13, 2013

[ 4-WEEK ISSUE ]

Dec 2013 - Jan Volume 10, 2014 Jul 2613, - Aug 9, 2013 03 Volume Issue 03 15 Issue 25

INSIDE INSIDE THIS ISSUE THIS ISSUE

AMAKING LOOK BACK ATOF THE CONDO REBGV: STEADY IN DECORATE WITH SENSE A BEGINNER’S GUIDE TO TRENDSWELCOME THE NE W YEAR MARKET IN 2013 HOUSING MARKET CONTINUE FESTIVE FLAIR MORTGAGE TERMS ARRANGING A MORTGAGE WITH A NE W ATTITUDE

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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

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

CLOSED THURSDAYS & FRIDAYS (DURING DECEMBER)

BY APPOINTMENT ONLY FOR THE HOLIDAYS DEC 23 - JAN 3.

AV E

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

N

TOBRUCK ST

16TH ST W E AV

MA RIN E

DR

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.

002-Heywood 12-13-13.indd 1

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A CHRISTMAS SALE • JR. ONE BEDROOM WITH ONE PARKING AND ONE STORAGE PRICED FROM $239,900* • ONE BEDROOM PRICED FROM $289,900* • TWO BED/TWO BATH PRICED FROM $379,900*

GU

Offers available until December 20

TH

DEC 13, 2013 - JAN 10, 2014 METRO VANCOUVER NEW CONDO GUIDE 3

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PHASE ONE

50%

SOLD OUT

at mackin park

1 & 2 BED APARTMENTS

MARMONT ST

Mackin Park

NELSON ST

EDGAR AVE

VE TE A NET MACKIN PARK

KING EDWARD ST

BRU

Sales Centre HEE open daily 12 – 5 DH WY (Closed Thursday & Friday) 211 –TR1020 Austin Ave, Coquitlam A N S- C A N A DA HWY 604-939-8874 *Closed Dec 19 – Jan 3 LOU G

SCHOOLHOUSE ST

ALDERSON AVE BOILEAU ST

*Customizing options are available on select homes for a limited time. See sales staff for details.

Prices are subject to change without notice. GST not included. E.&O.E.

ROCHESTER AVE

LEBLEU ST

From $199,900. Move in 2014.

Bluetree Home Store BLUE MTN. ST

✓ Walkable neighbourhood ✓ Easy access to Hwy 1 ✓ Minutes from Lougheed and Braid SkyTrain ✓ Spacious floorplans ✓ Modern finishes ✓ Outdoor space with every home ✓ 1 or 2 parking included

AUSTIN AVE

See more at bluetreehomes.ca

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Insertion:

2013-12-06 3:09 PM

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

RD

NELSON AVE

ST

ROYAL OAK AVE

ESF O

PRESENTATION CENTRE MARLBOROUGH AVE

BER

WIL

LIN

GD

ON

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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e a N! V h a t I O nd e W mO c 22 e O Pr ds D en

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

Visit us today at the Como Presentation Gallery in Burquitlam Centre.

Open daily 12pm – 5pm, Except Friday (By appointment December 23rd - January 5th)

Como Lake Drive North Road

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.

Lo u

gh

ee

d

Hw

y

sales Centre — Clarke Rd & Como Lake Ave 404-552 Clarke Rd., Coquitlam

604-936-0336 comoliving.com

*Prices and incentives are subject to change or be withdrawn without notice. Limited stalls available. First come first serve. Sizes are approximate. See a sales representative for details. E.&O.E. Sales and Marketing by Fifth Avenue Real Estate marketing ltd. E.&O.E.

6 METRO VANCOUVER NEW CONDO GUIDE DEC 13, 2013 - JAN 10, 2014

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Reasons to Buy at Capstone Now

1 2 3 4

No

No

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

No

No

LOCATED ON A QUIET RESIDENTIAL STREET

5

OVER 50% SOLD GREAT HOMES STILL AVAILABLE

% Deposit

IS ALL YOU NEED TO OWN AT CAPSTONE

PRICED FROM ONLY $384,900!

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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table of contents

December 13, 2013 January 10, 2014 volume 3 issue 25

16 university DistricT

Un-real estate

By Susan M Boyce

32

columns, news & features 012 Editor’s note Columns

018 INside Mortgages CHMC Housing Outlook Conference: You want to know about the market, right?

by Kris Grasty

024 M oney matters Holiday shopping without the hangover

by Gail Vaz-Oxlade

026 h omebuyer’s help How to avoid big problems in small spaces

032 Year in Review A look back at the condo market in 2013 by susan M Boyce

038 Condo PRo Resort-style living at home

by Barbara LAwlor

040 Quick tips The impact of stuff

by Hellen Buttigieg

058 condo sense 2014 housing forecast by cameron mcneill

062 Style File A holiday home: A chat with interior designer Heather Segreti on decorating with festive flair

by Lydia McNutt

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In the news

030 C AAMP Annual state of the residential real estate market 044 REBGV Steady trends continue in the Greater Vancouver housing market 046 TD INSURANCE POLL Canadian snowbirds are taking flight, but is their insurance up in the air?

052 UDI: MICHael Ferreira

“Signs, signs, everywhere a sign...”: Read them or you might get lost

by Diane Duflot

12/6/13 5:01:34 PM

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.

DEC 13, 2013 - JAN 10, 2014 METRO VANCOUVER NEW CONDO GUIDE 9

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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

62

Contributing Editors

Lydia McNutt Sara Duck Wayne Karl Design Editor

Yanic Simard

Media Consultants

Dave Bird 604.319.7102 Brenda Everitt 604.319.7103 Sales Coordinators

condo profile

Justin Salvador Ranee Pal

20

Production Manager

Bala Gnanapandithan Graphic Designer

Caroline Wassef

20

Production Co-ordinator

Park avenue Experience life

Mohammad Haidarpour

by susan M boyce

CONTRIBUTING EDITORIAL WRITERS

Susan M Boyce Janine Mackie Michelle Hopkins Karen Gram

50

Remix Urban Modality by susan M boyce

Published By

50 Homebuyers’ Help

MAPS

068 condo Market watch Condominium homes to keep your eye on

014 Surrey/Langley

069 Homebuyers’ resource section

048 North Shore

072 l isting directory

060 Burnaby/ New West

by susan m boyce

034 South Surrey/ White Rock 042 Richmond 054 Vancouver

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

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

Advertising

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

064 Tri-Cities

008_010 Van TofC_DD.indd 10

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VANCOUVER

BORN IN NEW YORK. REFINED BY CRESSEY.

604.876.8819

QUEBEC ST

Pricing subject to change without notice. E.&O.E.

MAIN ST

EAST 1ST AVE

meccanicabycressey.com

MAIN ST

If you live in the city, you need a home designed for the city. At Meccanica

by Cressey, find one that offers air conditioning for hot summer nights. A big, bright, south-facing entertaining space and nine-foot ceilings. Views over a landscaped courtyard. A quiet, tucked-away bedroom. Plus, clever storage solutions everywhere you look.

Gorgeous one-bedroom homes with everything you’ll need to adore city living. From $394,900.

Showroom and Two Designer Showsuites 104 East 1st Ave, Vancouver Open Daily 12 – 5 PM (Closed Friday).

QUEBEC ST

Introducing the New York-Inspired Urban Flat

EAST 1ST AVE DEC 13, 2013 - JAN 10, 2014 METRO VANCOUVER NEW CONDO GUIDE 11

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EDITOR’S NOTE

A LONG-TERM COMMITMENT will afford you peace of mind

SUSAN LEGGE

EDITOR-IN-CHIEF

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

Whether you’re relocating from one coast to the other or moving to your first place, changing homes can be hectic, exciting and certainly stressful.

But, relax.

You can eliminate the anxiety associated with moving by taking control of the situation with confidence.

Understanding the market is just part of the story. Knowing what you need and what you can afford is the more important part of the equation.

Making a prudent purchasing decision

that doesn’t keep you up at night when interest rates rise, or market news becomes the talk of the town, is up to you.

This issue is full of essential tips from the experts, the latest news and Condo Profile features about the hottest new condo communities designed to help you make a wise purchasing decision. There’s lots to take in – so kick back, relax and enjoy.

You’re in the driver’s seat.

Happy holidays, and good luck in the home hunt!

HASSLE-FREE HOLIDAYS and a Happy New Year

DIANE DUFLOT

EDITOR

Wall2Wall Media Diane.Duflot@wall2wallmedia.com

As the year comes to a close, New Condo Guide is here to help you take stock of the year that’s passed and prepare for the year ahead. First, we’ll help you get through the holidays in style with “A holiday home: A chat with interior designer Heather Segreti on decorating with festive flair”… and on budget with Gail Vaz-Oxlade’s “Holiday shopping without the hangover.” Then, we’ll

help you succeed in your resolution to be fully prepared for your condo hunt in 2014, with a great list of questions to ask your lawyer, Realtor or property manager about your new condo purchase in “How to avoid big problems in small spaces.”

With our help, 2014 is sure to be a good year!

Follow me on Twitter at Twitter.com/DianeDuflotW2W

12 METRO VANCOUVER NEW CONDO GUIDE DEC 13, 2013 - JAN 10, 2014

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SURREY | LANGLEY 116TH AVE

OR

RD

112ND AVE

108TH AVE

W ay

12

0T

H

ST

GR

N VE OS

A16

A9

104TH AVE

TYNEHEAD REGIONAL PARK

er

Hw

y

GOLDEN EARS BRIDGE

96TH AVE

A4 A1

88TH AVE

88TH AVE

BEAR CREEK PARK

208TH ST

200TH ST

192ND ST

10 RD

B3

A3

R

A7 64TH AVE

61A

G

A12

WATERSHED PARK

B2

72ND AVE

A10

64TH AVE

A13

60TH AVE

58TH AVE

A17 A6

56TH AVE

LANGLEY BYPASS

56TH AVE

er H

10

GR

A1. ASCEND

15956 86A Ave. 604.596.2202

A2. LUXOR

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

A6. LINGO

5665 177B Street 604.727.5478

A7. ESPLANADE AT WATERSTONE 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

A10. THE RIDGE AT BOSE FARM

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

A11. 3 CIVIC PLAZA

104th Ave & Citypoint Way 604.951.3331

AD

LANGLEY

SERPENTINE FEN NATURE RESERVE

ER

B1. CORNERSTONE

A13. LUMINA

B2. KENSINGTON

14877 60 Ave. 604.727.5478

A14. WAVE

104 Ave & 133 St 604.951.9283

A15. DELTA RISE

80th & Scott Road 604.594.7473

A16. UNIVERSITY DISTRICT

104th & University Dr

A17. L ATIS

5811-177B St. 604-575-0669

wy

D

A12. L ATITUDE

14358 60th Ave. 604.596.5075

B1 Fra s

B4

SURREY

AV E

LO VE

99a

A2

184TH ST

168TH ST

160TH ST

152ND ST

80TH AVE

176TH ST

72ND AVE

TH

B5

1a 144TH ST

128TH ST

120TH ST

112TH ST

80TH AVE

King George Blvd

A15

96

240TH ST

Fr as

RD

GREEN TIMBERS URBAN FOREST PARK

GL OV ER

96TH AVE

232RD ST

A5 A11 A8

216TH ST

S

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

14 METRO VANCOUVER NEW CONDO GUIDE DEC 13, 2013 - JAN 10, 2014

014-Surrey Langley 2011_CG.indd 14

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SURREY/LANGLEY

UNIVERSITY DR

NEW CITY HALL

SURREY CENTRAL SKYTRAIN

KING GEORGE BLVD

104 AVE

SFU

DEC 13, 2013 - JAN 10, 2014 METRO VANCOUVER NEW CONDO GUIDE 15

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COver Story

University District Un-Real Estate // By Susan M Boyce go ahead, admit it. When it comes to your home, you want

something different, something more than four walls and a roof. You want a home that lives the way you do. Time to say hello to University District in Surrey’s City Centre neighbourhood.

“As smart as your phone, as big as your life” is how Bosa Properties is describing this “un-real estate” condominium community. But on opening day, most people had a more straightforward reaction — “oh wow, this is amazing.”

should still be able to have a grand entertaining space for watching the big game with 10 or 12 guests.”

Clearly BosaSPACE is poised to accomplish that objective.

As the two display homes were unveiled, a collective gasp rippled through the gathered crowd.

The first showcased a comfortable one-bedroom set up for day-to-day living with large kitchen island, cozy living room boasting ample space for a loveseat and two armchairs grouped round a coffee table, plus a bedroom featuring sliding glass doors and stylish built-in storage on either side of the bed.

In the second, the same floorplan had been transformed… literally with just few touches. The kitchen island was almost magically extended in two stages — first into an easy-access workstation complete with electrical outlet and USB port, then into an eight-person dining room table. The bedroom door was tucked invisibly into the wall and the queensized bed, now flipped up into the wall, was replaced

Introducing BosaSPACE™ The first of eight towers that will become Bosa Properties’ University District, Alumni is the first place you’ll be able to experience the BosaSPACE concept — an innovation CEO Colin Bosa noted has been in planning for well over a year. And make no mistake, BosaSPACE is far more than a Murphy bed and a few sliding walls — it takes flexible, transformable design to an entirely new level.

“It’s true that building more compact homes is one way to put them within financial reach for more people, but just because you have a smaller floorplan, we believe ‘affordable’ should not be a code word for no dining room table or cramped living quarters,” Colin stressed. “You 16 metro vancouver new Condo Guide Dec 13, 2013 - Jan 10, 2014

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by a contemporary, built-in sofa. The result? In minutes, the living room had doubled in size.

With a final stroke of genius, the television could also be moved to the left revealing a fold-down day bed. “You can use it as extra seating or a place for ‘that guy’ — you know the one — who wants to just crash after the game,” Colin said. From the ensuing chuckles, it seemed yes, most people had had at least one experience with ‘that guy.’

Sales Start Soon “One of the things we’re most excited about is the opportunity to be part of Surrey’s future growth,” Colin noted. “We’ve made a significant investment in the City and we definitely plan on being here for the long term.”

He cited University District’s proximity to SkyTrain via the Expo Line and SFU as two key factors why buyers are also seeing this neighbourhood’s outstanding growth potential.

“Over and over, we hear people say that the convenience of being just a block from rapid transit is a huge factor in their decision to buy. Plus there are all the other amenities — Central City Mall,

Guildford Town Centre, restaurants, services, recreation —and more still to come. City Centre truly is the new downtown hub.”

Concrete Value University District’s prices, too, are turning heads. “We have onebedrooms from $214,900 and two-bedrooms from $329,900,” Colin noted.

“That means University District appeals to a broad range of purchasers from first time buyers to downsizers to parents who want their kids get into the market and are willing to help them out with the down payment.”

The University District presentation center and display homes are open for previewing noon to 5 p.m. every day at 13409 – 104th Ave. in Surrey. Most homes priced in the mid $200,000s.

For more information visit bosaproperties.com or call 604.588.5795.

“ Over and over, we hear people say that the convenience of being just a block from rapid transit is a huge factor in their decision to buy.”

Colin Bosa

17

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inside mortgages

// by kris grasty

CMHC Housing Outlook Conference

Kris Grasty is a mortgage broker with DLC’s Canadian Mortgage Experts and an active member of the MBABC. Kris maintains a strong focus on educating clients on all options. For more information visit his website at www.krisgrasty.ca or reach him at kris@cmexp.com.

T

he 19th annual CMHC Housing Outlook Conference on Friday November 1st, 2013 was chock-full with information that predicts a positive outcome for the year ahead.

Interest rates and predictions

In line with the last Bank of Canada Meeting on October 23rd, CMHC predicts that both the variable and fixed interest rates will remain low for the next year or two, possibly much longer. There are hints that the lower-rate environment that we have come to know over the last three years could very well be our new normal.

Despite the fear mongering in the news, the 1980’s are not coming back anytime soon.

With the US still seeing slow rebound, the Canadian economy is also expected to see lower rates of inflation and growth. Currently, our inflation rate is 1.1 per cent, which is below the Government target of 2 per cent.

Combined with record Canadian Debt levels, a sharp rise in interest rates would prove an issue for many Canadians that the Bank of Canada and our Finance Minister are understandably trying to avoid.

My favourite indicators: Population growth and employment

The British Columbia market remains stable due to several factors. For starters, strong migration into our province, both international and interprovincial, maintains the demand for housing, and the population growth in British Columbia is currently at 0.9 per cent.

Also, the two largest segments of the population, ages 50 to 54 and ages 20 to 24, downsizers and first-time buyers, are both seeking similarly priced homes, which should continue to fuel the condo and townhome markets. What’s more, Vancouver is seeing more employment stability than many other Canadian markets, with a 2.6 per cent increase so far in 2013 and an estimated 1.5 per cent in growth expected in 2014.

You want to know about the market, right?

BC is unique among the Canadian Markets

Currently, the number of new families or households exceeds the number of new housing units being produced. The forecast for 2014 is 27,900 housing starts and 31,500 household formations. If this trend continues, it will likely translate into an increase in demand and a corresponding decrease of supply, which tends to drive prices upward.

Even though BC may have the highest average home prices in Canada, we have a lower average outstanding balance of 46 per cent in comparison to AB at 52 per cent. In BC, over 23 per cent of homeowners are using their prepayment privileges to knock down their principle.

In conclusion

Employment rates and population growth may perhaps be the strongest indicators in our market, and higher employment combined with high demand for housing spell good news for the real estate industry in Vancouver.

18 metro vancouver new Condo Guide Dec 13, 2013 - Jan 10, 2014

PB new Condo Guide november 16 - 30, 2013 018 Inside Mortgages _Grasty_CMHC Housing Outlook Conference_CW.indd 18

12/6/13 5:25:21 PM

All 1 Bedroom Homes $

10,000 OFF

All 2 Bedroom Homes $

20,000 OFF

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Mortgage Subsidy Program Available.

OWN FROM $ /MTH*

731

Get the lowest interest rates guaranteed!

*see sales staff for promotion details

LUXURY IS STANDARD AT LUXOR

OWN TODAY Condos from $224,900 Special Financing Packages Available

REGISTER NOW!

luxor-living.com 604-590-8003

To Vancouver

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

Scott Rd.

FURNISHED SHOW SUITE: 12039 - 64th Ave., Unit 104, Surrey Corner of Scott Rd & 64th Ave HOURS: Monday to Friday 1-6pm Weekends & Holidays 12-5pm

MOVE IN TODAY

64th Ave. 58th Ave.

FOLLOW US ON FACEBOOK @ Luxor Homes

LUXURY HOME COLLECTION GROUP

FOLLOW US ON TWITTER @ twitter.com/luxorliving

Solon Bucholtz

Hwy. 99

To US Border

MARKETING AND SALES BY: R E A L E S TAT E M A R K E T I N G

Wolstencroft Realty

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

019-Luxor 08-09-13.indd 21

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condo profile

Park Avenue Experience life // By Susan M Boyce

i

t’s a place where urban chic meets connectivity, a blend of contemporary savvy plus active, engaged living. Its name is Park Avenue. You’ll find this newest addition to Concord Pacific’s dazzling Park Place community in the heart of Surrey’s City Centre neighbourhood, and with the two-storey presentation centre now open, today seems like a perfect opportunity to experience this masterplanned community for myself.

homes themselves. Concord’s signature marble detailing is everywhere — flooring, walls, even a floating, open-tread staircase to the upper floor sales area. Comfortable seating areas with furniture that’s a pure fun’n’funky twist on urban sophistication suggest this is a place where you can simply sit for a while, relax and enjoy.

Inside the first display home, this theme of welcome continues. The kitchen boasts a lineal simplicity that’s at once modern and ultra efficient with the crisp look of integrated fridge and dishwasher, and full-height marble backsplash illuminated by undercabinet LED lighting. And when summer comes, I’m thinking, just gather a few chairs on the balcony and invite friends over for al fresco dining.

The second home, a one-bedroom, surprisingly still manages to create a sense of grand arrival with the equivalent of a private foyer and a light, airy colour palette. Adjacent to the dining area is a convenient workstation — great for students or catching up on office paperwork.

Celebrate the Day-to-Day

Wondering about amenities? Well Park Avenue’s got what you crave — and then some. Concierge services, outdoor swimming pool with private cabanas and hot tub, a karaoke media room, private tennis court, sky-garden with outdoor fire pit, even a putting green.

“It’s the most amenities I’ve seen in one building anywhere in Surrey,” Cody says.

Connect to the World

Cody Ma, project manager at Concord Pacific, had told me it would be tough to beat Park Avenue’s proximity to SkyTrain, but it’s not until the train is approaching King George Station and I see the presentation centre directly adjacent that I truly understand. Talk about convenient. In less than three minutes, I’m off the train, my trusty two wheels are secured to a bike rack, and I’m inside the hotel-inspired reception area.

The words that immediately come to mind are opulent elegance — which I soon discover is a subtle preview of the

Park Avenue is located at Whalley Blvd. and 100th Ave. in Surrey.

Presentation centre and display homes are open noon to 6 p.m. daily at 9908 King George Blvd. Priced from the $180,000s with a many homes under $250,000. For more information visit parkavenueliving.ca or call 604.583.9866.

20 metro vancouver new Condo Guide Dec 13, 2013 - Jan 10, 2014

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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.

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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

DEC 13, 2013 - JAN 10, 2014 METRO VANCOUVER NEW CONDO GUIDE 21

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INSIDE THIS ISSUE

A LOOK BACK AT THE NEW HOME MARKET IN 2013

HELLEN BUTTIGIEG’S TIPS ON HASSLE-FREE HOLIDAYS

NEIL MOODY EXPLORES MORTGAGE OPTIONS

INSIDE INSIDE THIS ISSUE THIS ISSUE

AMAKING LOOK BACK ATOF THE CONDO REBGV: STEADY IN DECORATE WITH SENSE A BEGINNER’S GUIDE TO TRENDSWELCOME THE NE W YEAR MARKET IN 2013 HOUSING MARKET CONTINUE MORTGAGE TERMS ARRANGING A MORTGAGE WITH A NE WFESTIVE ATTITUDEFLAIR

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METRO VANCOUVER EDITION

DECEMBER 2013 - JANUARY 2014 VOLUME 12 ISSUE 6

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DEC 13, 2013 - JAN 10, 2014 METRO VANCOUVER NEW CONDO GUIDE 23

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money matters

// By Gail Vaz-Oxlade

Holiday shopping without the hangover Look at your holiday spending as you would any other big-ticket item. While you’re splitting the cost among a variety of expenses, the bottom line is still the same – you’re spending a lot of money in a short period of time.

In the best of all worlds, you would have started saving for your holiday spending in January. Yes, you would have made it a budget item and set aside $10, $50, $150 a month so when the season rolled ‘round, you’d be ready. After all, it’s way easier to set aside $100 a month than to come up with $1,200 all at once. This is how I do it, and come August I start keeping my eyes open for “deals” on things I know my friends and family will love. if you can’t do that, start here, with THIS “Holiday Spending Plan”: Gail Vaz-Oxlade is the host of Til Debt Do Us Part and author of Debt Free Forever, and she blogs daily at gailvazoxlade.com.

Follow Gail on Twitter at Twitter.com/GailVazOxlade

T

he holidays are just around the corner and only the most savvy of us have everything under control.

That’s one of the problems with our very busy lives… there’s just no time.

But if you want to have a happy holiday that doesn’t leave you holding your aching head when the bills roll in come January, you have to start planning early. The longer you wait, the more you’re prone to give in to stress, make impulse purchases, blow your budget or even buy a lame gift.

›› Write down the amount you want to spend in each category of holiday expenses.

Gifts are only the beginning – don’t forget to account for travel costs, postage and shipping, decorating, greeting cards, entertainment and photos. ›› List the people you plan to shop for under the gift category, then divide up your budget accordingly. Limit your budget to what you can afford right now and avoid a financial hangover in the new year. If you spend $500 on a credit card at 18 per cent interest, and pay the minimum each month, it will take you seven years – and cost $365 in interest – to pay it off. Consider setting a dollar limit on gifts or drawing names among extended family, roommates or co-workers. ›› Jot down any gift ideas that you might have for the people on your list.

Comparison-shop online before heading to the store. (Don’t forget to include shipping costs in your calculations if you decide to buy online.)

A dash of planning and a dab of creativity can also help you keep your entertainment costs under control:

›› Invite guests to bring something to share at a potluck dinner. ›› Serve brunch, throw a finger-food party or host a wine and cheese tasting instead of a full-blown turkey dinner. ›› Co-host a party with a pal or sibling, and share the cost. ›› Make sure you set a dollar limit for your soirée. And list the items, ingredients and décor you’ll need and how much each will cost. ›› Remember, that the best gifts don’t have to cost money. If you’re financially challenged this year, offer up your time baby-sitting, cooking meals, house cleaning, massaging, sewing, knitting, transporting, or whatever else you’re good at.

Clip a picture of the service you’ll provide and be clear on how often, as in “I’ll baby-sit one weekend a month from February to June.” Or better yet, make your own coupon book.

There now, you don’t have to worry about starting the new year with a financial hangover.

Happy holidays!

24 metro vancouver new Condo Guide Dec 13, 2013 - Jan 10, 2014

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12/6/13 4:08:44 PM

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2013-07-30 2013-12-06 10:45 3:10 PM AM

HOMEBUYERS’ HELP

How to avoid

BIG PROBLEMS IN SMALL SPACES WHETHER THEY ARE FIRST-TIME HOMEBUYERS or downsizers, millions of Canadians are choosing to nest in smaller but convenient and affordable condominiums. At first glance, condo life seems worry-free and this is the reason many prefer this real estate option. When purchasing a condo, however, many Canadians don’t consider the risks associated with noninsured damage to the unit. When purchasing a house, insurance is typically one of the first things accounted for when moving in. Unfortunately, insurance is often overlooked by condo owners, since most are unsure of what they are responsible for should any damage occur. The following questions have been provided by insurer RSA to help new condo owners determine how much protection they have under their condo corporation’s insurance policy and what they need to be aware of. Ask your realtor, lawyer or property manager the following questions for more clarity:

At first glance, condo life seems worry-free and this is the reason many prefer this real estate option. When purchasing a condo, however, many Canadians don’t consider the risks associated with non-insured damage to the unit.

01 What does the condo corporation’s insurance cover and, more importantly, what doesn’t it cover?

02 Does the corporation’s policy cover just the structure and common areas of your building or complex, or more (such as damage to your unit’s walls)?

03 If there is major damage to your building, is it possible that you would have to make an additional contribution to cover the deductible of the condo corporation’s insurance policy?

04 What is the deductible in the corporation’s insurance policy?

05 Are you responsible for the full cost of repairs to another condo, or the full deductible on the corporation’s policy if, for instance, your dishwasher leaked or your bathtub overflowed and damaged the unit below?

06 How is a “standard unit” defined by your condo corporation? Does it cover things like fixtures, ceilings and floors?

26 METRO VANCOUVER NEW CONDO GUIDE DEC 13, 2013 - JAN 10, 2014

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DEC 13, 2013 - JAN 10, 2014 METRO VANCOUVER NEW CONDO GUIDE 27

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DEC 13, 2013 - JAN 10, 2014 METRO VANCOUVER NEW CONDO GUIDE 29

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IN THE NEWS

CAAMP:

Annual state of the residential mortgage market EVERY NOVEMBER, JUST BEFORE CAAMP’S ANNUAL MORTGAGE FORUM,

its Chief Economist, Will Dunning provides data, analysis and often provocative conclusions about the mortgage market in Canada.

Looking first at the resale market, even with the recent surge in activity (which, in some markets, brought activity levels close to historical averages), for the entire period following the 2012 rule changes (about a year and a half), resale activity is down about 5 per cent from the pre rule change period.

Were it not for a recent interest rate induced spike in activity, average resale volume would obviously be more than 5 per cent lower. The province of Alberta, with its strong resource based economy, has seen a surge in its housing markets through this period which has also served to pull the national average up from where it would otherwise be. Activity levels in seven of the ten provinces have been below the national average.

In terms of housing prices, data from the Canadian Real Estate Association indicates that average prices rose by 7.4 per cent yearover-year to October of this year.

Dunning has introduced a new methodology for his analysis of resale activity. It paints a picture of a market which is considerably slower over the

past 18 months – something he predicted in last year’s report. Since the population is expanding and the housing stock is also increasing as starts are completed, activity levels will increase. A valuable methodology which Dunning has used in his analysis involves a simple ratio: the rate of monthly sales per 1,000 adults. This ratio serves as a baseline which is unaffected by population growth or new housing stock. The ratio since the 2012 mortgage rules changes stands at 1.31 sales per 1,000 adults. In the ten year period preceding the rules changes, the ratio averaged 1.46. The drop-off since 2012, using this methodology, is more than 10 per cent, rather than the much more often quoted 5 per cent.

Dunning reminds us of the close correlation between the housing economy and the general economy. He suggests that the recent slowing of the Canadian economy “has a great deal to do with the weaker housing market.” Just as housing activity helped pull Canada from the recession which began in 2008, weakening in resale markets and the delayed slowdown in new starts have caused employment gains to fall back slightly and have also reduced general consumer confidence. Housing starts will be an important factor in 2014 and 2015 as these are likely to be sharply lower. CMHC’s forecast calls for 184,700 housing starts in 2014, a significant drop from the average of 199,600 from 2010 to 2012. This represents about an 8 per cent drop.

If the volume of new starts were to drop to 175,000, that would be a 12 per cent reduction and 165,000 would be a 17 per cent drop. Starts represent a lagging indicator and Dunning feels that in certain markets like Toronto, the fall in starts will be more severe than has been forecast.

In terms of housing prices, data from the Canadian Real Estate Association indicates that average prices rose by 7.4 per cent year-over-year to October of this year.

Dunning feels that the Teranet Home Price Index is a more accurate measure for prices because it tries to “capture changes in actual prices and avoid the distortions caused by changes in what is sold or where it is sold.” The Teranet Index has gained 2.7 per cent over the past year, as measured in 11 major Canadian markets.

30 METRO VANCOUVER NEW CONDO GUIDE DEC 13, 2013 - JAN 10, 2014

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SURREY/LANGLEY

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*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.

DEC 13, 2013 - JAN 10, 2014 METRO VANCOUVER NEW CONDO GUIDE 31

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year in review Size Matters

1

Year in Review A look back at the condo market in 2013 // by susan m boyce Consistently ranked among the world’s favourite

it’s no surprise that as 2013 draws to a close, Metro Vancouver continues to prove its housing market is both resilient and vibrant.

It’s been a year of increasing stability and balance, a ‘steady as she goes’ economic environment buoyed up by increasing consumer confidence, consistent immigration rates and an undiminished desire for homeownership. Despite a small uptick, 2013 saw interest rates continue hovering near historic lows and in May, and when Christy Clark defied the odds and political pundits by leading the BC Liberals to a solid victory in the provincial election, the entire development community let out a collective sigh of relief. For many consumers and industry insiders, it signaled the time was right to get going. And get going the market did.

“Construction and sustainability are two of the first words that come to mind when I look back at 2013,” says Mark Belling, president of Fifth Ave Real Estate Marketing. “Despite concerns 2013 would be a slowdown year, development progress has certainly proved otherwise — new and improved roads, shiny new municipal buildings and vast hospital expansion programs, office building construction, industrial park developments and housing developments in every direction you might like to look. Once again, sustained demand for new homes in Metro Vancouver has proved that analysts from outside our market area who were calling for a crash or were talking real estate bubbles are wrong.” places to live,

Royce by Forge Properties is a contender in eight categories for next year’s Georgie Awards..

1

The Lofts at Morgan Crossing in South Surrey attracted artists and art lovers.

2

3 Modello by Boffo brought larger, opulent suites to Metrotown..

Following past years, 2013 saw condominium design attaining new levels of space efficiency. In April, Tien Sher Group unveiled 56 micro suites, some with a footprint of only 297 square feet, as part of their Balance development in Surrey’s new downtown core. Early November saw Bosa Properties launch BosaSPACE, an “un-real estate” concept that was rolled out at Alumni. The first of eight towers that will ultimately comprise University District located just a few blocks from Balance, Alumni features suites with a chameleonlike ability to transform from cozy, twoperson home to entertainment social hub for a gathering of 12 or more.

“We need to continue finding new ways to use space more effectively — spaces that respond to life,” notes Yosh Kasahara, general manager of sales and marketing at Bluetree Homes. “And we’re no longer designing these smarter homes just for singles or couples, we’re designing them for families of three or four.”

But in a market where the pursuit of affordability has become a de facto mantra, Tracie McTavish, president of Rennie Marketing Systems, says he’s also seen a sudden, strong trend toward larger condominium units. Although some projects like Royce by Forge Properties (White Rock) and Modello by Boffo (Metrotown) were already tuning into this pent up demand, he says the phenomena has quite literally only just hit the big times.

“Within the last 90 days, we’ve seen demand

River Green’s hotel-inspired amenities include a state-of-the-art fitness centre and full-time concierge..

4

BosaSPACE was unveiled in November at University District.

5

32 metro vancouver new Condo Guide Dec 13, 2013 - Jan 10, 2014

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2

for three-bedroom apartment homes rise to the point where some developers are reconfiguring their one- and two-bedroom floorplans into a smaller number of three-bedroom homes.”

McTavish predicts this trend will continue gaining momentum in large part because it’s fueled by one of the biggest market driver demographics — the Baby Boomers. “I believe that for many of the Baby Boomers, downsizing from a house to a twobedroom condo is too severe a shift,” he explains. “A threebedroom or even a two-bedroom and den represents an easier transition because it’s closer to what they’re used to. Then later, they can move to a smaller suite.”

Lofty Heights

Loft living enjoyed a resurgence of popularity in 2013 with several developments offering contemporary re-imaginings of this longstanding favourite.

In South Surrey, Larco’s Morgan Crossing limited collection of loft homes were well received by artists and art lovers who craved wall space to display their paintings and other treasure. In New Westminster’s Queensborough neighbourhood, Aragon’s waterfront Glasshouse Lofts wowed buyers with glass walls that fold invisibly into the wall creating seamless interweaving of indoor and outdoor spaces. And in Abbotsford, the first phase of Hudson’s Loft had 5

3

4

potential homeowners cueing up for first crack and sold out virtually immediately.

Luxury, too, gained favour in the condominium market of 2013 — lavish, hotel-inspired opulence like the offerings 3 Civic Plaza in Surrey, Riverside Green in Richmond, as well as downtown Vancouver’s Private Residences at Hotel Georgia and Trump Tower.

Changing Expectations

Speaking at the 2013 CMHC Housing Outlook Conference in November, Neil Chrystal, president and CEO of Polygon Homes, was clear he believes current prices are, overall, an excellent value — especially when combined with mortgage rates still well below the posted rates of even five years ago. But he cautioned many first time buyers still need to reset their expectations when it comes to choosing between renting and homeownership. “A couple who’s renting in Yaletown could buy in Richmond — and they’d still be only 20 minutes away from all their friends and favourite restaurants via the Canada Line.”

For Belling, 2013’s changing expectations include a new definition of pre-sales success. “For now the line ups and one day sell outs are gone from our market,” he says. “Success has become achieving 30 to 50 per cent of units sold at or near the formal public opening.”

Be sure to join us on January 10th when we talk to some industry insiders about what they’re predicting for 2014.

Dec 13, 2013 - Jan 10, 2014 metro vancouver new Condo Guide 33

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10

176TH ST

184TH ST

176TH ST

184TH ST

168TH ST

152ND ST

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SOUTH SURREY | WHITE ROCK

40TH AVE SERPENTINE FEN NATURE RESERVE

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34 METRO VANCOUVER NEW CONDO GUIDE DEC 13, 2013 - JAN 10, 2014

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SURREY/LANGLEY

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DEC 13, 2013 - JAN 10, 2014 METRO VANCOUVER NEW CONDO GUIDE 35

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CONDO PRO

// BY BARBARA LAWLOR

RESORT-STYLE LIVING AT HOME

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

Keep current with The Baker Blog at blog. bakerrealestate.com

I

t’s a wonderful thing when coming home feels like a vacation every day.

That’s the case with many condominiums today, which offer amenities and services similar to a resort. This lifestyle choice is becoming increasingly popular with people who value their leisure time. The freedom from worrying about building maintenance, repairs and upkeep is fabulous, and is only the beginning of the resort mood that a modern condominium offers.

For me and so many others, the ambience starts in the lobby, which really does set the tone for the building.

Developers put a lot of thought into lobby design to provide a setting that is like a beautiful hotel, with gorgeous décor and the convenience of being able to access concierge service. In addition to the built-in security this service provides,

the concierge presents a professional first impression to guests, announces visitors and offers practical services such as receiving packages and deliveries for residents who are away. Some condominium concierges will even go as far as booking theatre tickets, scheduling dog-walking and the like. A few condominium residences are actually situated on top of a five-star hotel, which is, of course, the ultimate in luxury.

And speaking of luxury, modern condominiums have fabulous amenities like rooftop gardens and garden terraces where residents can barbecue and relax amid lush greenery. These areas also provide striking views, and when the condo is also near the lake, it’s all the more like spending time at the cottage. Water-lovers also appreciate the fact that the swimming pools and whirlpools in today’s condominiums are situated where they can get a lot of natural light for a truly inspiring experience all year long.

And when you can count on someone else to keep the water clean and the pools maintained, it’s the best of both worlds.

Recreational amenities and anything that benefits health-conscious residents is in demand, and you will find that the fitness facilities in condominiums are always in use.

Convenient and bright, these fitness areas are pleasant to work out in, and having them in the building saves on commercial club fees. Some condos have spas close to pools, change rooms and saunas so residents can indulge in a total spa experience. A few even have a dedicated room specifically for massage therapy, where a therapist can come in and set up a portable table – yet another luxury condo owners can enjoy without leaving home.

The freedom from worrying about building maintenance, repairs and upkeep is fabulous, and is only the beginning of the resort mood that a modern condominium offers.

Cinema-style screening rooms set the scene for getting together with friends to watch a movie or sporting events without the hassle of driving somewhere, parking and trying to see over the people in the seats in front of you. For gala entertaining, the party room is a great option that eliminates the need for you to clean up a big mess the next morning. The amenities in condominiums really do expand your lifestyle potential far beyond the square footage of the suite. And if you are fortunate enough to live on top of a five-star hotel, you have the ultimate in vacation-style living at your fingertips, with access to things like housekeeping services, valet parking and room service.

Fun, relaxing, invigorating, tranquil, beautiful, bright – today’s condominium amenities are more exciting and varied than ever before. In so many ways, living in a condo is like having a mini-resort or getaway under your own roof. And when you do choose to go away on vacation, that holiday feeling begins the moment you lock the door and leave, knowing your home will be protected and looked after.

38 METRO VANCOUVER NEW CONDO GUIDE DEC 13, 2013 - JAN 10, 2014

038 Barbara Condo Pro-Resort living at home_CW_DD.indd 38

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SOUTH SURREY/WHITE ROCK

DEC 13, 2013 - JAN 10, 2014 METRO VANCOUVER NEW CONDO GUIDE 39

039-Adagio 11-29-13.indd 39

2013-12-06 4:16 PM

quick tips

// by hellen buttigieg

The impact of stuff Every item holds a vibrational energy; if you’ve buried sad reminders of disappointments from your past, know that as long as you keep these emotionally toxic things in your space, they are still haunting you. Break free from the past and make space for new opportunities to come into your life. If it’s in storage and bringing you sorrow, now is a great time to let it go. Out with the old, in with the new!

›› Eliminate your clutter hot spots. We all have certain spots in our homes that

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

E

verything around you has an impact on you whether you realize it or not. When you create and develop your décor, you are trying to set the tone of the room – give it a certain look and feel. You take time to include pieces you like and enjoy, whether they are part of the design or part of the function of the room. But other pieces make their way into your space, even though they may not belong there or may be there for the wrong reasons. By organizing, de-cluttering and streamlining, you can make sure your environment has the right effect! ›› Is clutter getting you down?

Surrounding ourselves with items that mean something to us brings pleasure.

And then there’s all the other stuff.

Often when we feel down but can’t figure out why, it could be the clutter.

Even if it’s stuffed in the back of the closet, you know it’s there.

have become magnets for clutter, usually because they provide a convenient, empty, flat surface to pile things on. Walk around your home to determine where the clutter hot spots are, then remove the clutter (toss it in a box or laundry basket for now) and put something beautiful in its place, like a vase or a sculpture. If it’s the dining room table, set it as if you were having a dinner party. This will deter you from using it as a drop zone. Walk around your home with the box you tossed everything into and deposit these items where they belong – either in the garbage or recycle box or stored elsewhere. If they don’t have a proper home, create one.

By organizing, de-cluttering and streamlining, you can make sure your environment has the right effect ›› Detaching from sentimental attachment. Things that have a story attached

to them are often difficult to let go of because of the sentimental attachment. Keep in mind that the item is not the memory; it simply triggers the memory. It may be beneficial to take a picture of the item and put it in a scrapbook or photo album with a short note telling its story. That way, the memory is preserved without taking up as much space. Another option is to pass along the items to a family member who could put them to good use.

›› Daily de-clutter habit. You brush your teeth every day. You shower every day.

Why not de-clutter every day too? Make it a habit, just like the examples I gave, and it will become second-nature. Throughout the day, when you pull something out, take a moment to put it back when you are finished with it. At the end of the day, take a couple of minutes to do a “clean sweep” of your home and put away anything that is out of place. Keep a sticky note somewhere on your way to your bedroom to remind you for the first little while. After doing it for a month, you can take the note down because it will have become a habit – one that will serve you beautifully for the rest of your life. This simple practice can help you cut down on clutter without taking a lot of time and effort.

40 metro vancouver new Condo Guide Dec 13, 2013 - Jan 10, 2014

PB new Condo Guide november 16 - 30, 2013 040 Hellen Buttigieg- impact of stuff_CW.indd 40

12/6/13 4:09:18 PM

SOUTH SURREY/WHITE ROCK

F G E IN A L OR IS G IE T F AW OR AR 8 DS

OWN IN THE MOST DECORATED COMMUNITY IN WHITE ROCK

DOWNSIZING HAS NEVER BEEN THIS UPSCALE Royce is proud to be a 2013 finalist for 8 prestigious Georgie Awards including Best Interior Design!

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

View Penthouses start from $1.2 million N. BLUFF/16TH AVE.

152ND ST.

ROYCELIVING.COM

$332,300 EVERALL

With spacious, single-level living, designer finishes and chef quality appliances, there’s room for everything but compromise!

Starting from

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The exclusive enclave of 1, 2 and 3 bedroom residences offer ocean views, superb amenities, and exceptional detailing around every corner.

THRIFT

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

DEC 13, 2013 - JAN 10, 2014 METRO VANCOUVER NEW CONDO GUIDE 41

041-Royce 12-13-13.indd 41

2013-12-06 3:10 PM

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

91

Westminster Hwy

RICHMOND NATURE PARK

GRANVILLE AVE

99

RICHMOND CENTRE

GRANVILLE AVE

R DR

CAMBIE RD

g

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

A5

A1

DR

CAMBIE RD

R IVE

CAMBIE RD

SHELL RD

GARDEN CITY RD

NO 3 RD

LANSDOWNE PARK MALL

A4

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

R

W AY

GARDEN CITY RD

A2

VANCOUVER INTERNATIONAL AIRPORT (YVR)

A6 A3

SHELL RD

BRIDGEPORT RD GRANT MCCONACHIE WAY

KNIGHT ST

R IV ER

Richmond Hwy

91

Westminster Hwy

GRANVILLE AVE

99

BLUNDELL RD

A5

g

RD Y WA

RD R VE RI

W AY

OV E

RD

RO 47TH AD

A AVE

se rR 62ND B ST

B ST

48TH AVE

W

RN

SD

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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

A6. C ADENCE BY CRESSEY Oval Village 5640 Hollybridge Way 604.276.8683

17

28TH AVE

ENGLISH BLUFF RD

604.233.7748

BU

53RD ST

ER

R IV

GR

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

R

U R DR

AC H

ER

R IV

ARTH

A2. MONET

SD

W RD

17

41ST B ST

CE M ETE RY

RICHMOND #101-8600 Park Road 604-270.2482

RN

ARTH

BE

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

BU

17

47TH A AVE

JAC

B1 12 AVE

8A AVE

74 AVE

RD

55 ST

53A ST

52 ST

75A AVE

12 AVE

119A ST

75 AVE 115 ST

DR

D E LTA

CHALM E R S PAR K

RE

DE LTA NATU R E R E S E RVE

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DR

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BA

IC A

MONROE DR

116 ST

N

118 ST

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112 ST

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ST

B EACH G ROVE GOLF C OU R S E

80 AVE

SA

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

E

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NORDEL WAY

is Hw

c Anna

91

84 AVE

80 AVE

IR

55

TSAW WAS S E N GOLF CLU B

W

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LADNER

RI VE R62ND RD

112 ST

NO 3 RD

17

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

RD

MONCTON ST

GARRY POINT PARK

96 AVE

GARRY POINT PARK

ive r

NO 6 RD

ive r se rR

NO 5 RD

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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

042-Richmond Delta 2011_CG.indd 42

56TH ST

6TH AVE

42 METRO VANCOUVER NEW CONDO GUIDE DEC 13, 2013 - JAN 10, 2014

4TH AVE

1ST AVE

2013-12-06 3:09 PM

ID

AL DE

GE

AY W

MINORU BLVD.

RD

.

EL

R MB

RB RI DG

.

T

RD

ER

R

LB

VE

GI

RI

E WAY

RICHMOND/DELTA/LADNER/TSAWWASSEN

Sales Centre

WESTMINSTER HWY.

DEC 13, 2013 - JAN 10, 2014 METRO VANCOUVER NEW CONDO GUIDE 43

043-River Park Place 11-01-13.indd 43

2013-12-06 3:10 PM

IN THE NEWS

REBGV: STEADY TRENDS CONTINUE

Sales of detached properties reached 926 in November 2013, an increase of 47.2 per cent from the 629 detached sales recorded in November 2012, and a 1.1 per cent increase from the 916 units sold in November 2011.

The benchmark price for detached properties increased 1.1 per cent from November 2012 to $924,800.

Sales of apartment properties CONSISTENT HOME SALE AND LISTING ACTIVITY HAS ALLOWED balanced market reached 969 in November 2013, an conditions to prevail in the Greater Vancouver housing market for most of 2013. increase of 29.2 per cent compared to The Real Estate Board of Greater Vancouver (REBGV) reports that the 750 sales in November 2012, and residential property sales in Greater Vancouver reached 2,321 on the Multiple a decline of 3.1 per cent compared to Listing Service (MLS) in November 2013. This represents a 37.7 per cent the 1,000 sales in November 2011. increase compared to the 1,686 sales recorded in November 2012, and a 12.8 The benchmark price of an apartment per cent decline compared to the 2,661 sales in October 2013. property increased 0.8 per cent from Last month’s sales were 1.2 per cent below the 10-year sales average November 2012 to $367,800. for the month, while new listings were 1.5 per cent above the 10-year Attached property sales in November average.

November 2013 totalled 426, an increase of 38.8 per cent compared to the 307 sales in November 2012, and a 4.1 per cent decline compared to the 444 attached properties sold in November 2011. The benchmark price of an attached unit is currently $458,000, which is a 0.8 per cent increase from November 2012.

in the Greater Vancouver housing market

Sales of apartment properties reached 969 in November 2013, an increase of 29.2 per cent compared to the 750 sales in November 2012, and a decline of 3.1 per cent compared to the 1,000 sales in November 2011.

“We’ve seen steady and consistent trends the Greater Vancouver housing market for much of this year,” Sandra Wyant, REBGV president said. “This year’s activity has resulted in gradual and modest increases in home prices of approximately one per cent over the last 12 months in the region.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 3,245 in November. This represents a 17.7 per cent increase compared to the 2,758 new listings reported in November 2012 and a 24.8 per cent decline compared to the 4,315 new listings in October of this year.

The total number of properties currently listed for sale on the MLS in Greater Vancouver is 13,986, a 10.9 per cent decrease compared to November 2012 and an 8.3 per cent decline compared to October 2013.

The sales-to-active-listings ratio currently sits at 16.6 per cent in Greater Vancouver.

The MLS Home Price Index composite benchmark price for all residential properties in Greater Vancouver is currently $603,000.

This represents a 1 per cent increase compared to November 2012.

For more information visit www.rebgv.org.

44 METRO VANCOUVER NEW CONDO GUIDE DEC 13, 2013 - JAN 10, 2014

044 News_REBGV_SteadyTrends_CW.indd 44

12/6/13 4:09:20 PM

BY C R ESSEY

RI C HMOND’S H EALT HIEST H O MES

CO N CRE T E HI GHR I S E C O M I N G SO O N TO TH E OVA L V I L L A GE .

RE G I S T E R NO W

cadencebycressey.com

604.276.8683 This is not an offering for sale. Such an offering can only be made after filing a disclosure statement.

045-Cadence 12-13-13.indd 1

2013-12-06 3:10 PM

In The News

Canadian snowbirds are taking flight, but is their insurance up in the air?

TD Insurance poll reveals only half of Canadian snowbirds check travel insurance before leaving home

It’s cold outside and Canada’s snowbirds are migrating south for the winter, but are they properly protected while away from home? According to a recent TD Insurance survey, only half of Canadians aged 50 and over checked their travel insurance policy before leaving for vacation, and only 16 per cent called their insurance provider to determine if they needed to update their policy.

“Snowbirds have a unique set of insurance needs, different from most Canadian travellers,” says Dave Minor, a vice-president at TD Insurance. “Not only do they need to understand exactly what their travel insurance policy covers, but they may have to review auto, recreational vehicle, and home insurance policies – for both their property down south and back home – before they travel.”

Here are some tips on travel, auto and home insurance for Canadian snowbirds heading south for the winter:

›› Travel insurance “Snowbirds should review the details of their travel medical insurance policy including whether or not there is a time limit for out-of-country coverage and what they need to know about pre-existing conditions and limitations,” says

Minor. “If a snowbird has visited a hospital or switched medications in the past 12 months, this information needs to be disclosed to their insurance provider, as a failure to do so may impact insurance coverage should they need to make a claim. Anyone who is unsure about a detail within their policy should just ask.” ›› Auto insurance According to the TD Insurance survey, 46 per cent of Canadian snowbirds incorrectly believe that if they are driving outside of Canada, their auto insurance policy will cover them, but this isn’t always the case.

“Snowbirds need to call their insurance provider if they are taking their vehicle outside of Canada or the United States, or if they plan to rent a vehicle for more than 30 days,” says Minor. “They should also consider increasing their liability limit given that claims in the United States can be expensive, and discuss that with either their provider or insurance agent.”

For snowbirds travelling down south by motor home or RV, keep in mind that although insurance protection on recreational vehicles is similar to regular auto insurance, because this vehicle also serves as a home, it requires a unique policy.

“If RV owners are increasing the amount of time they are living in their vehicle – for example, living in the unit full time versus an occasional weekend getaway – then their policy may need to be revised,” says Minor. “Check with your insurance provider to find out what your needs are so you’re not left uncovered.” ›› Home insurance Only 12 per cent of Canadian snowbirds say they checked their home insurance policy to ensure their primary residence would be covered while on vacation. Making sure you take the necessary steps to protect your home before you travel will make the process easier, should you need to make a claim.

“Often insurance policies have specific ‘away’ requirements, which, if not fulfilled, could void coverage if your home is left unoccupied and unattended for an extended period of time,” says Minor. “Contact your insurance provider to make sure you know what steps to take to keep your current policy valid.”

More information and tips about your insurance needs are available at tdinsurance.com.

46 metro vancouver new Condo Guide Dec 13, 2013 - Jan 10, 2014

046 News-Canadian snowbirds-TD poll_CW_DD.indd 46

12/6/13 4:48:06 PM

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

SALES AND MARKETING BY

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

thepierlifestyle.com DEC 13, 2013 - JAN 10, 2014 METRO VANCOUVER NEW CONDO GUIDE 47

047-Pier 11-15-13.indd 47

CLIENT: Steveston Real Estate - The Pier FILE NAME: ThePier_NHG_NowSelling_Nov4.indd

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

2013-12-06 3:10 PM

RO SS RD

NM

Sky H

wy

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

GA

A10

RI

BOULEVARD

BA I LD

MARINE DR

YR

E

NT

A9

GH

LA

ND

S

W AY

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DR

HI

MAMQUAM RD

STANLEY PARK y

a

Se

VE R GO

NM

E NT

To

Sk

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w

H

RD

LOGGERS LN

QU E E NS WAY

RAVEN DR

A4

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

99

A4. O RIZON ON THIRD Sale Centre 21 Lonsdale Ave

A5. 1 5 WEST

ST

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

R

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

DR

3R

2N

DA VE DA VE

DR

A8 A6

A2. REMIX

A3. T HE PRESCOTT ROBIN DR

KE

SEABUS

A7. NORTHLANDS

#103 - 735 West 15th St 604.924.4488

FINCH DR

AR

N

RD

KEITH RD W A3

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

BRENNAN PA R K

CL

A5

A1

N LY

EY LL VA

NORTH SHORE

CENTENNIAL WAY

MAGEE ST

A2

Mountain Hwy

TH B

MATHERS AVE

DEMPSAY RD

SD AL EA VE

DR

LIGHTHOUSE PARK

DALE R D

LO N

INE

CH IPPE N

CAPILANO RIVER REGIONAL PARK

PERTH DR

MAR

RD

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

DR

CYPRESS

25TH ST

RUN

CYPRESS BOWL RD

EAG LE

NORTH SHORE

48 METRO VANCOUVER NEW CONDO GUIDE DEC 13, 2013 - JAN 10, 2014

048-North Shore Squamish Whisler 2011_CG.indd 48

2013-12-06 3:09 PM

MOVE IN

FEB

A great selection of view homes are still available.

2014

Future Home of

final opportunity. over

90% sold.

Sales Centre now closed.

For sale by appointment only.

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.

049-Prescott 12-13-13.indd 1

2013-12-06 3:10 PM

condo profile

Remix

Urban modality // By Susan M Boyce

t

“

cabinetry with an eye-catching and totally unanticipated metallic sheen, retro-funk pendant lighting above a massive centre island, wide-plank flooring and an ensuite that’s all about pure indulgence. Naturally, like every remix home, this display suite has a generously-sized balcony, but the new homeowners are eager to tell me their penthouse-level suite also comes with one of Adera’s famous West Coast lanais: a full, rooftop terrace with 360-degree views.

he sofa here, the table over there, and see, you’ll The North Shore Experience still have tons of room to display your camera “We’re finding many of our buyers actually grew up on the North Shore,” collection.” There’s an irresistible enthusiasm says Eric Andreasen, Adera’s vice president of marketing and sales. to the way the couple in the first of remix’s two “When they left home, they often moved somewhere like Yaletown or new display homes are measuring out the living Kits, but now they’re coming back to reconnect with their roots, without room. “We bought this floorplan on the top floor,” losing their active, urban lifestyle. “They want the easy access to outdoor the woman explains. “It’s a fantastic location, the recreation, they want a high level of walkability and they want proximity view is amazing and the suite is perfect for us.” to the SeaBus and cycle routes because they typically prefer to use their car less frequently. Remix delivers on all counts.” Even better, he adds, now that the two display suites decorated by award-winning interior designer Danielle Lareau of Giraffe Designs are officially open in the building, people can experience these homes first hand.

Remix, Eric says, will also soon introduce some dynamic street-level retail found, quite literally, right outside your front door. “We’re expecting amenities like a coffee shop or perhaps a charcuterie-style deli — so it will be super easy to meet with friends without always remix buyer having to have them into your home.”

One look and it’s easy to understand why these two homeowners are practically jumping for joy. More than The remix presentation centre and display homes are open noon to 5 just a great looking condominium, this home is packed p.m. daily at 220 – 733 West 14th St. in North Vancouver. For a limited with the all intelligent design and contemporary West time only, remix’s holiday promotion means you can purchase select Coast savvy I’ve come to expect from Adera. one-bedroom and den homes from $299,900, and two-bedrooms Dramatic, “Oh Wow” factors are everywhere — from $389,900. Remaining penthouse-level homes also include a free full-height granite backsplash in the kitchen, hot tub. For more information visit adera.com or call 604.924.4488.

“ I t’s a fantastic location, the view is amazing and the suite is perfect for us.

50 metro vancouver new Condo Guide Dec 13, 2013 - Jan 10, 2014

050 CP Remix_CW_DD.indd 50

12/6/13 4:09:28 PM

BUMMED OUT BECAUSE YOUR MOM ONLY WALKS YOU ON THE SIDEWALK? A CHRISTMAS SALE! 1 bed + den priced from $299,900 2 bedroom priced from $389,900 Free hot tub with any penthouse level home Stop walking your dog on concrete and put him back into his instinctual element. Live just steps to the Trans Canada Trail and minutes to the world-renowned canine playground of the Coastal Mountains. A collection of sixty apartment homes ranging from one + den to two + den atop a vibrant social hub. Now that’s how you Live West Coast.

Presentation Centre 220 – 733 West 14th St. North Vancouver 604.924.4488 | adera.com

*OFFER AVAILABLE UNTIL DECEMBER 20th. 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

051-Remix 12-13-13.indd 1

2013-12-06 3:10 PM

In The News

Michael Ferreira at UDI

“ Signs, signs, everywhere a sign...”

Read them or you might get lost // By Diane Duflot

Are consumers in a spending mood?

In regards to employment growth, BC had created approximately 61,000 jobs in 2013 by the end of October, and our province’s unemployment rate was at a low 6.3 per cent. Ferreira also notes that, “In some areas of Metro Van, it’s cheaper to buy a home today than it was a few years ago” and we’re the only Canadian market to have a drop in new home prices over the course of the last year. All in all, reports Ferreira, “economic indicators are telling us that the market continues to chug along. Consumers are still feeling OK about where the economy is going and are confident that though the numbers might not be great today, better things are down the road.”

Michael Ferreira, principal of Urban Analytics, was back this year

to present his take on trends in the Metro Vancouver housing market at a packed UDI lunch in a talk entitled “‘Signs, Signs, Everywhere A Sign...’: Read them or you might get lost.”

The overall message of Ferreira’s presentation was clear: don’t believe predictions of doom and gloom on the horizon.

Imminent rise in interest rates?

Ferreira doesn’t believe the hype that interest rates are about to rise and looks to the trend line for interest rates over the last 10 years to support this contention. Over that period of time, interest rates have remained relatively stable, and “since March of 2009,” he argues, “it’s been pretty much a flat line.” This leads him to what he calls his “first bold prediction of the day: I don’t think we’re going to see rates go anywhere anytime soon.” He continues, “Raising our rates before the US would devastate our manufacturing sector, and despite what you’re hearing about the US economy there’s no reason to expect any rate hikes there.”

Not only does Ferreira predict that rates will hold steady, but he also suggests that we begin to consider the low rates of the last 10 years the new norm. “The posted five-year fixed rate has been below 7 per cent for the last 10 years,” he reasons, “inflation is under control, the Bank of Canada has good mechanisms to keep it that way and

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for the past 10 years we’ve had various technologies that we didn’t have the previous 10.” He concludes that it no longer makes sense to take the 20-year average for the posted rate as a determinant of normal.

International migration drives our market “International migration remains the primary driver of Vancouver’s housing market,” asserts Ferreira. The yearly average number of international immigrants to BC since 2004 is 42,000. BC takes 16 per cent of the nation’s international immigrants, and of that number, 14 per cent make Metro Vancouver their home, “so just under 90 per cent of immigrants who move to BC end up in the Metro Vancouver Region,” says Ferreira.

The bulk of this immigration (70 per cent) stems from the Asia Pacific region, with most of that number arriving from China and the Philippines, and, indicates Ferreira, “A significant proportion of BC immigrants come through the investor class immigration program.” These figures lead Ferreira to his second bold prediction: Chinese immigrants will continue to impact this market for the foreseeable future.

Looking ahead As he turns to look at the hear ahead, Ferreira make his third “bold prediction,” and this is that “2013 is going to be another grinder of year.” One of the reasons for this, he explains, is the upcoming municipal elections, “which will make it a grind to get projects through the planning process.” As well as this, “low interest rates are here to stay, so we’re not going to see the kind of urgency in the market that we saw last summer.” He indicates, however, that

this will ultimately be mitigated by the fact that “it’s a great time for buyers to get into the market, since there’s not been a more affordable time to buy a new home in Metro Vancouver in close to 10 years.”

The bottom line, Ferreira tells developers: “Just because it’s going to be a grind is not to say that you can’t be successful.” In the year ahead, Ferreira sees it as more important than ever for developers to “differentiate [their] product,” and they can do this through “product placement and product mix.”

Ferreira believes, also, that supply will continue to be constrained by protesters who don’t want to see multifamily developments cropping up in their neighbourhoods (his fourth bold prediction).

In order to moderate communities rising up against new development, “we’re going to have to work as an industry to show communities and neighbourhoods that we’re working with them,” says Ferreira.

Ferreira’s fifth, and last, bold prediction is that urban masterplanned communities will continue to proliferate. Across these, and all developments, Ferreira stresses the need not to oversaturate any area with product, joking that developers should draw straws to see who goes first, as the staggered release of projects will be key to successful development across the board.

Mark Ferreira’s “bold predictions”: 1 Interest rates will remain low.

2 Chinese immigration will continue to impact this market.

3D evelopers will have to work to stand out from the pack in 2014.

4D evelopers will have to keep the lines of communication with communities open.

5 Urban masterplanned communities will continue to proliferate.

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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

W KING EDWARD AVE

SW

MA

RIN

E BROADWAY

E BROADWAY

W 12TH AVE KI

10

NG

RENFREW ST

W BROADWAY

E 1ST AVE

E 12TH AVE

SW AY

E KING EDWARD AVE

13

6 ED

W 6TH AVE

QUEEN ELIZABETH PARK

E 33RD AVE

E 29TH AVE

13 11

W 41ST AVE

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3

E 41ST AVE

OAK ST

W 57TH AVE

MAIN ST

W 49TH AVE

RI

W 70TH AVE

SW

MA

NE

E 49TH AVE

DR

SE MARIN E

BOUNDARY RD

PACIFIC SPIRIT PARK

DUNBAR ST

L AL

7

W 16TH AVE

AVE

VICTORIA DR

KM

6T

W1

8

INAL

KNIGHT ST

OO

VE HA

2 W BROADWAY

TE R M

MAIN ST

W 10TH AVE

1 9

OAK ST

ALMA ST

W 4TH AVE

15 14

CORNWALL AVE

CAMBIE ST

REY RD

5

16 VENABLES ST

COMMERCIAL DR

6 POINT G

JERICHO BEACH PARK

LVD

BR ST WE

UBC

E DR

LLOR B

BURRARD ST

NCE

GRANVILLE ST

CHA

ARBUTUS ST

AR IN

12

MCDONALD ST

NW M

E HASTINGS ST

4

BURRARD INLET

DR

1. 188 KEEFER

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54 METRO VANCOUVER NEW CONDO GUIDE DEC 13, 2013 - JAN 10, 2014

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CONDO SENSE

// BY CAMERON MCNEILL

2014 HOUSING FORECAST

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

A

fter a slow start to the year, early summer saw British Columbia’s housing market rally — a trend that is expected to extend through 2014 as the provincial economy continues to steadily gather steam.

According to CMHC and the newly released PwC Emerging Trends in Real Estate 2014 survey, sales (largely driven by the Metro Vancouver area) have made for a strong finish to 2013 and the market is now aligned with the 10-year trend. We expect to see home sales increase approximately 9.8 per cent next year and, with listings trending downward, we should see prices holding steady and the return of a balanced market.

The good news continues for the BC economy as we see housing demand bolstered by business investment, the creation of more full-time jobs and an increased appetite for BC’s goods in foreign markets. An expanding economy and an expectation of steady international migration into the province will create demand for new housing which the new home construction industry will support by adding 18,400 homes to the market.

Capping it off, interest rates are forecasted to stay low for 2014 into 2015 — making home ownership easier — especially for first time buyers entering the market or for those looking to move up.

›› A stable sales-to-listings ratio of 15.4 per cent puts homebuyer and seller activity in Metro Vancouver in-line with the region’s 10-year average and is considered a “balanced” market.

So, what does this mean for buyers?

Metro Vancouver will continue to offer excellent opportunities in blue chip real estate. Greater selection will be met by increased demand for housing and we predict that prices will stay close to current levels. Prospective homeowners will see an increasing range of housing choices and creative options designed to meet their specific needs: larger homes for baby boomers, affordable options for first-time buyers and efficient homes designed around transit and amenityrich hubs that will appeal to the renter.

In 2014, homeowners can invest in Metro Vancouver neighbourhoods, with the confidence of knowing that this region will continue to enjoy economic prosperity and strong real estate fundamentals.

CMHC’s annual housing forecast, which was held early November had the following highlights: ›› BC’s local economy is expected to expand moderately by 2.5 per cent in 2014 ahead of national averages and trending higher from recent years. ›› With the influx of international immigrants to BC as well as a forecasted reversal of interprovincial SOURCES CMHC Housing Market out-migration, the BC population is Outlook – BC Region (Third Quarter expected to increase by 28,000 in 2013, 2013), CMHC Housing Market Outlook and 31,700 in 2014.

– Vancouver and Abbotsford CMA ›› BC is experiencing a healthier full(Third Quarter 2013), Stats Canada, time employment rate and higher Migration: International 2010 and 2011 weekly wage averages.

(July 2013), CMHC Housing Now – BC ›› Canadian interest and mortgage rates Region (Third Quarter 2013), Real are projected to remain low for the Estate Board of Greater Vancouver remainder of 2013 and 2014.

(November 2013 News Release)

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VANCOUVER

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

BARNET MARINE PARK

ED

GA GL

R

AR

SQUINT LAKE PARK

U

DI

ROYAL OAK AVE

WILLINGDON AVE

RD

AY IW

A2

LOUGHEED MALL

CA N

68 Sixth Street 604.525.8980

B4. ELLIOT ST

336 Columbia Street 604.524.8080

DEER LAKE

DEER LAKE PARK

1

ROYAL OAK AVE

E

D

R WA

DS

O

AY NW

R

B1

DUNCAN ST

E WAY

BOUNDARY RD

A4. MODELLO

E AV

1710 Gilmore Avenue 604.291.9130

AY TW

A2. RED BRICKS

EN

EW

EN

A3. AVIARA

RW

A1. REFLECTIONS

ST

DE

BURNABY

5021 Kingsway 604.456.0688

Griffiths Dr & 14th Ave 604.527.7955

E AV B4 L B3 YA RO

E ST

YD BO

107 - 7090 Edmonds St. 604.525.8496

DE

ST

MAR IN

IN

RI

H

M

AR

ST

DR

MARIN E WA Y

QUEEN’S PARK

H

S

8T

TH

FI SOUTHRIDGE DR

DR

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6T

IF

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CB

B5

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M

B2 TH 10

BRAID ST

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B1

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AN

IMPERIAL ST

MAR IN E

RL

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BE

PE

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M

IMPERIAL ST

IM

E AV

AY W

WA Y

H 6T

A AD

GS

AL

ST

CU

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

A4

PATTERSON AVE

B2. VIBE

BURNABY LAKE REGIONAL PARK

GILLEY AVE

BOUNDARY RD

E

AUSTIN AVE

GR

SE MARINE DR

DR

Lougheed Hwy

SPROTT ST

OAKL AN CENTRAL PARK

ITY

A GL GA

BROADWAY

49TH AVE

RS

WA Y

BURNABY MOUNTAIN GOLF COURSE

BCIT

E N IV

RD

EYS TON

18 Begbie Street 604.523.0081

A6

KE

BRENTWOOD MALL

GR

B1. NORTHBANK

W

SFU

CLIFF AVE

A5

UN IVE RSITY DR

AR

SPERLING AVE

A3

HOLDOM AVE

WILLINGDON AVE

HASTINGS ST

Barnet Hwy

NORTH RD CL

INL ET

DR

CONFEDERATION PARK

BURNABY MOUNTAIN PARK

A5. B RENTWOOD

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60 METRO VANCOUVER NEW CONDO GUIDE DEC 13, 2013 - JAN 10, 2014

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Style file

A holiday home

A chat with interior designer Heather Segreti on decorating with festive flair // by Lydia McNutt It’s easy get into the festive spirit, especially when the stores start setting up their Winter Wonderland window displays the day after Halloween. The holiday season seems to come sooner and sooner every year, and let’s face it – by the time the holidays actually roll around, things can get out of hand. Interior designer Heather Segreti, who offers some tips to welcome the festive season in style.

“People run into problems when they continually purchase new decorative items each year and then end up with a home full of goods, none of which work together,” Heather says. “So, a plan is your best friend.”

‘ Twas the night before Christmas, your home is algow, with lighted white candles and sweet misteltoe. The garlands are decked out with small silver bows, Dressed to impress, thanks to tips from a pro...

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1. Heather’s tips for a Holiday Home: » Examine the style of your space, and follow that direction with your decorations. Is it traditional, contemporary, or something in between? » Choose your colour scheme. For a cohesive aesthetic, look to your everyday décor to inspire your holiday palette. For example, if you have brass hardware, then gold ornaments may work for you. If you’re a brushed nickel or chrome kind of person, then silver will probably catch your eye. Starting with a colour palette will keep you on track when you are out shopping. You will stick to your colours – if you have opted to go gold, you will pass on the silver garland, even though it is on sale. » Less is more. The festive items you choose should blend in with your existing décor without looking out of place or cluttered. This may mean relocating some of your everyday accessories, or putting them away over the festive season to make way for the wonderfully themed decorative items you’d like to put on display.

2. The gift of great style: » Glass vases filled with silver and white ornaments can replace your year-round dining room centrepiece. »S ilver candlesticks tucked among sprigs of aromatic cedar can replace your usual year-round mantel décor. » “ Real” cedar and pine decorative garland ito line the mantel or dining table is always a classic choice and looks good in any style space. I am a fan of the real thing when it comes to greenery, however there are many good replicas on the market that will last through many holiday seasons.

3. hot mantel décor: Fireplaces are so much fun to decorate during the holidays. This is where you can create a real focal point. First, clear out the existing mantel décor so you have a clean slate to work with. Start with some fresh greenery in keeping with the holiday spirit: cedar or pine work well. If you can add lights which plug in discretely, then go ahead.

If not, opt for the battery-operated light strings to eliminate unsightly power cords.

Next, take some decorative ribbon that matches your colour scheme and wind it loosely through the garland. Add candles, pinecones and glass ornaments to finish off the look.

The mantel is the place to display your fragile or sentimental ornaments – especially if you have children or pets. It’s out of the way, yet centre of attention.

Replace the artwork you have hanging above the mantel with a star-burst mirror or a festive wreath.

Remember to stick to your theme, and coordinate the mantel with the other pieces of holiday décor that is on display.

The hearth is another place that will require some attention. Consider creating a landscape of tall standing figures, such as snowmen or a wonderful wooden Nutcracker. Just remember not to clutter things up too much. The key is to remove your year-round décor and replace it with your favorite festive pieces. Less really is more. heather segreti Founder and president of Segreti Design, Interior Designer Heather Segreti is a member of ARIDO and IDC, with more than 22 years of experience. segretidesign.com Dec 13, 2013 - Jan 10, 2014 metro vancouver new Condo Guide 63

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LV D KW AY B

UB T EA PLA

COAST MERIDIAN RD

RIDGE PARK

ET R

EE

WA Y

PA R

LVD

COQUITLAM | PORT COQUITLAM | PORT MOODY | PITT MEADOWS

NE

V

VICTORIA DR

DR

A4

Barnet Hwy

ST JOHNS ST

LINCOLN AVE

COQUITLAM CENTRE

DEWDNEY TRUN K RD PRAIRIE AVE R

SY ES DAW ES

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H IL LR

HN

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SH

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DEWDNEY TRUNK RD

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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

A6. CHARLAND

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HARRIS RD

HAMMOND RD PITT MEADOWS AIRPORT

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123RD AVE

207TH ST

VE TE A

Lou

Hwy

AU G

A3 T UNE

ug

Loug

AUSTIN AVE

A6

BR

MARI NE R WAY

MUNDY PARK

MUNDY ST

AUSTIN AVE

Lo

OTTAWA ST

LD

ST

MA

B1

LINTON ST

SMITH AVE

COMO LAKE PARK

GATENSBURY ST

NORTH RD

ER

COMO LAKE AVE

CL

AR

A5 A1 A2

BLUE MOUNTAIN ST

KE

RD

TH

DR

216TH ST

PIONEER MEMORIAL PARK

INLET PARK

LA NS BL VD DOW

IA

210TH ST

TA IN

R TO IC

203RD ST

ROCKY POINT PARK

UN

AVE

S BONSON RD

y

w H

SHORELINE PARK

DAV ID

TOWN CENTRE PARK

HARRIS RD

MO

CEDAR DR

R IT AG E

COAST MERIDIAN RD

D

JOHNSON ST

t ne

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OR

HE

PI N

DAVID AVE IOC

R IVE

GOLDEN EARS BRIDGE

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64 METRO VANCOUVER NEW CONDO GUIDE DEC 13, 2013 - JAN 10, 2014

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604.492.0222 REGANSWALK.CA DEC 13, 2013 - JAN 10, 2014 METRO VANCOUVER NEW CONDO GUIDE 65

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DEC 13, 2013 - JAN 10, 2014 METRO VANCOUVER NEW CONDO GUIDE 67

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condo watch

Second & Commercial: Vancouver On the Street: 1661 East 2nd Ave. On the Web: 2ndandcommercial.ca Info: 604.800.8862

Condo market watch Condominium homes to keep your eye on

Elliot Street: New Westminster On the Street: Agnes St. and Elliot St. Presentation Centre: 336 Columbia St. On the Web: censorio.com Info: 604.524.8080 Highlights: An integral part of the revitalization of the St. Mary’s district (located adjacent to New Westminster’s historic downtown), this 19-storey, 130-home tower has now broken ground. Boasting some spectacular river views, Elliot Street’s focus is squarely on creating flexible living spaces that grow with the owner, allowing flawless transitions as residents evolve through different stages of their lives. Design features sharable, multi-use rooms including sliding door walls and moveable islands in some of the kitchen. Just five minutes walk to SkyTrain and two blocks to the brand new, $23.2-million Ecole Qayqayt Elementary that’s scheduled to open September 2014.

The Lexington: Chilliwack On the Street: Carbould St. and Hodgins Ave On the Web: thelexington.me (coming mid-December) Info: 604.795.1960 Highlights: Gearing up for presales to begin in January, this five-storey condominium puts you in the heart of downtown Chilliwack. Great proximity to schools, the Chilliwack Leisure Centre, shopping and the hospital. Just 28 oneand two-bedroom floorplans available with contemporary finishings and plenty of big, bright windows. Now well under construction, prices are anticipated to start at $179,900.

Breslay: West Coquitlam On the Street: Breslay Street On the Web: springbankcorp.com Info: 604.687.2600 Highlights: Hot on the heels of their popular Bloom development, Springbank Developments is gearing up to launch an exciting midrise condominium residence in the heart of the evolving West Coquitlam neighbourhood. To be located just steps from Burquitlam Park and the new Evergreen SkyTrain line, this boutique, concrete building is expected to be between five and eight storeys. Be sure to register for the Springbank email to be on the list for more information as soon as it’s released.

Highlights: Now open and selling, this boutique apartment residence offers just 21 contemporary homes and a sought after address on The Drive. Twobedroom homes are priced from $459,900 with a limited number of studio suites available. Engaging West Coast Modern architecture, generous private outdoor spaces and sophisticated kitchens. Plus these homes are built to LEED Gold standards, so they not only look great, they’re easy on the environment too.

The Views at Coal Harbour: Downtown Vancouver On the Street: 1255 Pender On the Web: theviews.ca Info: 604.670.0211 Highlights: Okay, there isn’t much info being released but if you’re looking for an ultra-exclusive address in Coal Harbour, here’s something to get you excited.

Just 27 boutique homes on 17 floors plus a 2,000-sq.-ft. wellness center and gym. RadioRA2 automation in every home allows easy control of blinds, temperature, lighting, tablet/smartphone connectivity and more. Kitchens feature exclusive Snaidero kitchens from Italy.

Pricing anticipated from $830,000 with preview viewing by appointment only.

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.

68 metro vancouver new Condo Guide Dec 13, 2013 - Jan 10, 2014

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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 Dec 13, 2013 - Jan 10, 2014 metro vancouver new Condo Guide 71

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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

LR

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 72 METRO VANCOUVER NEW CONDO GUIDE DEC 13, 2013 - JAN 10, 2014

072-073-074-CG Listings Pages 2013.indd 72

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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

Penthouse (PH)

City Home (CH)

604.552.0552

Call

LR LR/HR 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 604.276.868 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

SQUAMISH / WHISTLER

Aqua Elaho University Heights

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

604.957.3331 604.596.2202 tiensher.com 778.395.1886 604.530.5399 604.453.6688

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

SURREY

3 Civic Plaza Ascend Balance Connect Esplanade at Waterstone G3 Residences

Call From $134,900

Live Work (LW)

HR

Alexandra Court Camber Cadence Carrera Centro Concord Gardens Emerald Gardens, The Harmony Monet Opal at Richmond Centre Ora Pier, The Remy River Park Place River Inlet Saffron

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)

DEC 13, 2013 - JAN 10, 2014 METRO VANCOUVER NEW CONDO GUIDE 73

072-073-074-CG Listings Pages 2013.indd 73

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PROJ ECT

Latitude 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 LR HR LR LR TH/HR LR HR

604.596.5075 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 $264,900 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

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

Evelyn Galleries on the Bay

238westbroadway.ca Call 604.800.8862 From $269,900 604.682.8801 Call 604.569.3388 From $227,900 604.687.4353 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

Live Work (LW)

City Home (CH)

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

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