BC New Home Guide - Aug 9, 2013

August 9 - 23, 2013 Volume 21 Issue 16

NO MORTGAGE PAYMENTS UNTIL 2014!* ON FINAL 6 HOMES AT SPRINGSIDE.

NEW homes, no strata From $405,960.

Plus now we pay your first 6 mortgage payments!* * This is a limited time promotion subject to terms & conditions.

For all the details contact our sales team.

REGISTER NOW WWW.SPRINGSIDEHOMES.CA OR CALL 604-477-2959 24177 102nd AVENUE MAPLE RIDGE • SHOW HOME OPEN DAILY 12-6pm INSIDE THIS ISSUE

PROTECT YOURSELF FROM MORTGAGE FRAUD

CANADIAN MAYORS ASK THAT HOUSING CRISIS BE ADDRESSED

ORGANIZATION: PSYCHOLOGY OF A MESS

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4 METRO VANCOUVER NEW HOME GUIDE | AUGUST 9 - 23, 2013

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AUGUST 9 - 23, 2013 | METRO VANCOUVER NEW HOME GUIDE 5

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www.zenterra.ca 8 METRO VANCOUVER NEW HOME GUIDE | AUGUST 9 - 23, 2013

194 ST

PARK

196 ST

192 ST

194A ST

72 AVE

PARK

68 AVE

AUGUST 9 - 23, 2013 | METRO VANCOUVER NEW HOME GUIDE 9

contents aUg 9 - 23 , 2013

||

volUme 21 issUe 16

on the cover

p.16

SPRINGSIDE Heritage style with contemporary practicality

30

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40

8/1/13 4:31:27 PM

special features

in the news

12 16

25

BMO Economics

26

CHBA BC

Project Profile

58

COnference board of canada

by Diane Duflot

62

editor’s note Cover Story

SpringSide — Heritage style with contemporary practicality

by Diane Duflot

30

40

The Boardwalk in Surrey — Not-your-average-townhomes Q&A

Demystifying leasehold properties — Q&A with Kevin Hoffman

by Susan M Boyce

columns 20 34

Mortgage Matters

How to protect yourself from mortgage fraud Quick Tips

The psychology of mess —

Little adjustments reduce the clutter-making process

by Helen Buttigieg

50 54

Designer Tips

Canadian home sales show highest quarterly growth since 2010 Appoints Neil Moody as new CEO June sees further sales advances

by Robin Wiebe

Canadian mayors ask that housing crisis be addressed

homebuyers’ help 68 On the Horizon

Checking out what’s hot and new in the Lower Mainland and beyond

by Susan M Boyce

Complete listings of more than 250 new-home developments throughout Vancouver and the Lower Mainland

district maps

by Yanic Simard

14 Maple Ridge/

Investing in real estate? Great!

But don’t quit your day job

by Peter Kinch

Pitt Meadows

22 Tri-Cities 28 Surrey/

Langley

52 South Surrey/ White Rock

Jacqueline Hill

director of sales, western canada

Josh Heppner

ACCOUNT EXECUTIVEs

David Bird 604.319.7102 Brenda Everitt 604.319.7103 editor-in-chief, National real estate

Susan Legge Editor

Diane Duflot art director

72 Listing directory

What height is right?

MOrtgage Minute

vice-president, wall2wall media

FCM REport

Bianca DiPietro production manager

Bala Gnanapandithan graphic designers

Viosa Barileva

56 Richmond 60 Burnaby 66 Vancouver

production co-ordinator

Laura Northmore editorial WRITER

Susan M Boyce CONTRIBUTING editorial WRITER

Janine Mackie

sales coordinators

Ranee Pal, Justin Salvador national account manager Western Canada

Frank Franco 778.847.9311

50

national account manager Eastern Canada

Maureen O’Byrne 416.784.5200, ext.3349 national account manager, mediative

Paul Slizys

Published by

Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.

The Vancouver New Home Guide is a free publication published 25 times per year. Submit articles or advertising to Suite 102 - 4180 Lougheed Highway, Burnaby BC V5C 6A7 Phone 604.519.6080 Fax 604.519.6088

newhomeguide.ca covers the contents of this publication and prevents reproduction in whole or in part: offenders will be prosecuted.

We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher. The views and data expressed by columnists do not necessarily represent those of the publication.

Copyright 2013

010-011 Contents_BD-DD.indd 11

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editor’snote

The new home experience

Make wise choices and enjoy the process

W

hen only a new home will do, those in the market will be pleasantly surprised by the exceptional value and attention to detail buying new has to offer.

When you buy new, you don’t inherit somebody else’s worn carpeting, personal taste in kitchen appliances or paint colour preferences. You get a fresh, clean space that’s waiting for your personal imprint.

If you’ve always fantasized about buying a brand new home, here are a few tips that can help you make the process a pleasant one: • Shop the mortgage market to see what you can afford before you start your hunt; • Obtain a lawyer who is willing to review your offer as well as help you close the home; • Don’t be persuaded by high pressure sales tactics while you’re out shopping; • Determine which options and upgrades you want as part of your offer and ensure your lender will finance what’s required, if needed; • To save money, consider which upgrades you could purchase and install yourself after the sale closes. Some upgrades such as rough-ins and wiring inside the walls are easier to do before construction.

Factors such as the cost of the home, neighbourhood, lot size and special features play a big role in your final decision. Determining which features your new house absolutely must have, and which features you could live without, should be among your first steps in the home-buying process.

We hope you enjoy this issue of New Home Guide. Let us know what you think.

We’d love to hear from you.

Susan Legge Editor-in-chief Wall2Wall Media,Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge

Rainy days ahead?

Budget for all seasons

D

espite the fact that July was a dry month here in Vancouver (not a drop of rain fell for an entire month, a new record in our city), as a potential home investor now is the time to put plans for that imminent rainy day in the budget. It’s time, in other words, to take a cold, hard look at your finances to determine whether or not you can maintain your current lifestyle while paying off a mortgage. If you’ve already been tracking your expenses in preparation for becoming a homeowner, then you’re off to the right start, if not, then there’s no time like the present to begin. Before you start home shopping, it’s also a good idea head to the bank or a mortgage broker to get pre-approved for your mortgage. Don’t forget to factor in closing costs, including legal fees and insurance. For information on how to protect your name, family and credit while investing in property, this issue of New Home Guide offers “How to Protect Yourself From Mortgage Fraud.” On the lighter side, contributor Yanic Simard has some good advice on hanging light fixtures in “What Height Is Right?” because you’ll also want be certain to leave enough money in the bank to enjoy decorating your new home. Happy reading home hunters!

Diane Duflot Editor Wall2Wall Media, diane.duflot@wall2wallmedia.com Follow me on Twitter at Twitter.com/DianeDuflotW2W

12 metro vancouver new home guide | august 9 - 23, 2013

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Single entry lounge pass starting from $33.25 tax inclusive ($24.50 children ages 2 – 11) for 2 hours lounge use. 3 hour and 6 hour lounge use also available** ** Online bookings only; higher rates apply for walk-in lounge use

All amenities are included in the price of entry including bar service after 11:00 a.m. (Toronto, Vancouver) and 10:00 a.m.

(Edmonton)

For online bookings go to www.plaza-network.com/booking/FlightInfo.aspx?ECONREF=W2W2013

Victoria Dr

HW Y

Ottawa St

Coast Meridian Rd

e

Cedar Dr

Ave

PITT MEADOWS / MAPLE RIDGE

Dominion Ave

ve 136 Ave

232rd St

Dewdney Trunk Rd

r Rd Rive

5

Derby Reach Regional Park

116th

240th St

207th St

Ave 1

Way aka Kan

110th Ave

4

108th Ave

Y HW

MAPLE RIDGE 1. Bluetree Homes

at Kanaka Creek 11176 Gilker Hill Road 604-476-1188

2. Hampstead at

Silver Ridge

13555 230A Street 604-466-9278

14 METRO VANCOUVER NEW HOME GUIDE | AUGUST 9 - 23, 2013

3. Springside

24177 102 Avenue 604-477-2959

4. Wynnridge

11005 Buckerfield Drive 604-466-6388

5. Maple Creek

11384 Burnett Street 604-942-0606

r Maclure D 240th St

ED GHE LOU

Golden Ears Bridge

104th Ave 3

102th Ave

Jac kso n

Harris Rd

Pitt Meadows Airport

248th St

Dewdney Trunk Rd

227th St 228th St

Abern ethy W ay

124th Ave 224th St

216th St

123rd Ave

132 Ave

Hammond Rd S Bonson Rd

Ford Rd

Meadow Gardens Golf Course

203rd St

HW Y

2

224th St

Dewdney Trunk Rd

Harris Rd

LO UG HE ED

210th St

Dewdney Trunk Rd

coverstory

Springside E

Heritage Style with Comtemporary Practicality by diane duflot

pic Homes’ SpringSide will have you at curb appeal. The look is classic Arts and Crafts, with covered front porches accented by white trim, beams posts, as well as wooden handrails and pickets. For each of these three-bedroom, two-and-a-halfbathroom homes, there is a choice of three exterior colour palettes. Since these homes are constructed with modern low-maintenance materials, they offer the best of both worlds: heritage style with contemporary practicality.

16 metro vancouver new home guide | august 9 - 23, 2013

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The look is classic Arts and Crafts, with covered front porches accented by white trim, beams posts, as well as wooden handrails and pickets. the lower floors, which are either 711 or 720 sq. ft., depending on your choice of floorplan.

These currently unfinished spaces are large enough to include a rec room and also have a roughed-in fourth bathroom and wet bar. If having this space finished when you move in suits your fancy and your budget, Epic Homes can take care of that for you as well.

The quality of the finishes in these homes reflects the desires of the savvy modern homeseeker: custom tile flooring greets at the entryway, which leads into the spacious open-concept living, dining and kitchen area. It’s worth stopping at the kitchen to admire the large kitchen island — which provides a pleasant visual break from the dining room, while still keeping the space open — the granite slab countertops, the custom cabinetry (available in either wood or maple finish) and the stainless-steel appliances. The pantry and desk available in some plans, make this kitchen a true home chef’s paradise.

Room to grow Every home also has a convenient powder room on the main floor. Upstairs, the master bedrooms feature vaulted ceilings and ensuite bathrooms with four-ft. showers and separate soaker tubs. There is plenty of room to grow on

Last chance to own Since only six homes are left, it’s the last chance to own at SpringSide. It’s not surprising that homes with features like these are moving fast; what is surprising is that SpringSide can sell fully-detached single-family homes from $396,900. “As an added bonus,” says Ryan Connoly, general manager, “We’re offering to pay the value of purchasers’ first six mortgage payments.” With the additional benefit of not having to pay maintenance fees here, firsttime buyers will have plenty of extra money to spend decorating their new homes and downsizers might be able to invest in an additional vacation property.

SpringSide is a two-acre neighbourhood consisting of 27 single-family detached homes.

These three-bedroom, two-and-a-half-bathroom homes range from 2180 to 2,200 sq. ft. and start at $405, 960. Visit SpringSide’s sales centre at 24177 102nd Ave., open noon to 6 p.m. daily. For more information visit Epic Homes on the web at epichomes.info, call 604477-2959, or email info@epichomes.info.

august 9 - 23, 2013 | metro vancouver new home guide 17

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109 Ave

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18 METRO VANCOUVER NEW HOME GUIDE | AUGUST 9 - 23, 2013

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AUGUST 9 - 23, 2013 | METRO VANCOUVER NEW HOME GUIDE 19

CLIENT: Portrait Homes Ad FILE NAME: HAMPSTEAD_FullPg_NHBG_Timing_CMYK_

DATE: Jul18/2013 AD SIZE: 7.25” w x 9” h

mortgagematters

how to protect yourself from

mortgage fraud The promise of a quick profit

in real estate can be hard to resist. But consumers who misrepresent information when buying or refinancing a home could end up being responsible for any shortfall when the property is sold. If the misrepresentation is intentional, they could also be held criminally responsible as accomplices to mortgage fraud.

The most common form of mortgage fraud, called straw buying, occurs when someone with good credit is convinced to put their name on a mortgage application for a home that someone else will be buying, usually in return for the promise of a quick profit.

To protect your name, your credit and your family, Canada Mortgage and Housing Corp. (CMHC) offers the following tips on how to avoid becoming part of a mortgage fraud scheme: Never accept money, guarantee a loan or add your name to a mortgage unless you fully intend to purchase the property. If you allow your personal information to be used for a mortgage, even for a brief period, you could be held responsible for the entire debt even after the property is sold.

Always know who you are doing business with. If you are buying or selling a home, use only licensed real estate agents and other industry professionals. And never sign anything until you know exactly what you are signing.

Determine the sales history of any property you are thinking about buying and consider having it inspected and appraised. Ask for a copy of the land title search, and find out if anyone else has a financial interest in the home. If a deposit is required, make sure the funds are held “in trust” by the Vendor’s Realty company or lawyer / notary.

Get independent legal advice. Talk to your lawyer or notary about title insurance and other alternative methods of protection.

To protect yourself from identity theft, never give out your personal information until you know who you are dealing with and how your information will be used. Review your mail, bank statements and other financial statements on a regular basis for inconsistencies. Shred or destroy all personal and financial documents before you throw them away. And inspect your credit report on a regular basis by contacting Equifax Canada at equifax.ca or TransUnion Canada at transunion.ca.

Be wary of anyone who approaches you with an offer to make a quick profit in real estate. Remember: if a deal sounds too good to be true, it probably is. If you suspect that you or someone you know has been the victim of real estate fraud, contact your local police department immediately.

For information on fraud prevention or any other aspect of owning, maintaining or buying a home, visit the CMHC Web site at www.cmhc.ca or call 1-800-668-2642. For more than 65 years, Canada Mortgage and Housing Corporation (CMHC) has been Canada’s national housing agency, and a source of objective, reliable housing expertise.

20 metro vancouver new home guide | august 9 - 23, 2013

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A community of 3 bedroom townhomes coming Fall 2013.

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AUGUST 9 - 23, 2013 | METRO VANCOUVER NEW HOME GUIDE 21

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3479 Galloway Ave. 778-285-6299

A3. Northbrook

3431 Galloway Ave. 604-468-2212

HW Y

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Dominion Ave B1

B3

sy St

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A5. Hazel

Unit B - 901 Lougheed Hwy 778-829-1500

A6. Somerston lane

1268 Riverside Drive 604-474-1500

A7. Riley

1320 Riley St. 604-468-7688

SS PA BY L HIL

PORT COQUITLAM

PORT MOODY

B1. Dominion

Rd C1. TheFord Station

2423 Avon Place 604-469-8988

B2. Citadel Heights

Citadel Drive & Pitt River Road 604-468-2169

2708 St. Johns St.

Pitt 604-492-3338 Meadows Airport

Sales Centre #101 - 618 Langside Ave. 604-939-8808

LAST CHANCE 22 METRO VANCOUVER NEW HOME GUIDE | AUGUST 9 - 23, 2013

Meadow Gardens Golf Course

Hammond Rd

B3. Fremont Blue

2332 Ranger Lane 604-552-0319

A8. Secret Ridge

A4. Bloom

Dewdney Trunk Rd

HW Y

Harris Rd

LO UG HE ED

Colony Farm Regional Park

COQUITLAM A1. Cedar Creek

Shau g h ne s

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Mariner Way

Daw es H ill Rd

B2

A6

Harris Rd

LOU GHE ED H WY

Mundy St

Austin Ave

A ve ette Brun

LOUG HEED HW

Linton St

Gatensbury St

Blue Mountain St

Cla rk eR d North Rd

A5

Mundy Park

LO UG HE ED

S Bonson Rd

Prairie Ave

mal Dr

Austin Ave

Como Lake Park

A8

A7

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Cedar Dr

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Smith Ave

A2

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Coast Meridian Rd

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Ridge Park

#107 - 3458 Burke Village www.secretridge.ca

mosaichomes.com

Golden Ears Bridge

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

TO ADVERTISE CALL 604.519.6080 August 9 - 23, 2013 Volume 21 Issue 16

August 9 - 23, 2013 Volume 03 Issue 16

NO MORTGAGE PAYMENTS UNTIL 2014!* ON FINAL 6 HOMES AT SPRINGSIDE.

NEW homes, no strata From $405,960.

Plus now we pay your first 6 mortgage payments!* * This is a limited time promotion subject to terms & conditions.

For all the details contact our sales team.

REGISTER NOW WWW.SPRINGSIDEHOMES.CA OR CALL 604-477-2959 24177 102nd AVENUE MAPLE RIDGE • SHOW HOME OPEN DAILY 12-6pm INSIDE THIS ISSUE

PROTECT YOURSELF FROM MORTGAGE FRAUD

CANADIAN MAYORS ASK THAT HOUSING CRISIS BE ADDRESSED

ORGANIZATION: PSYCHOLOGY OF A MESS

INSIDE THIS ISSUE

NEIL MOODY NEW CEO AT CHBABC

FINANCIALLY FIT WITH GAIL VAZ OXLADE

ORGANIZE NOW! DON’T USE IT? LOSE IT!

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Metro Vancouver Edition

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Casa Madera Floors

INSIDE THIS ISSUE

CANADAâ&#x20AC;&#x2122;S RENTAL VACANCY RATE INCREASES

HARDWOOD TRENDS in Shades of Grey Van Ren 07-2013.indd 1

6/27/13 4:45:57 PM

View our Magazines online at NewHomeGuide.ca Like Us on facebook.com/NewHomeGuideMetroVancouver

â&#x20AC;¢ ATLANTIC CANADA â&#x20AC;¢ CALGARY â&#x20AC;¢ EDMONTON â&#x20AC;¢ MONTREAL â&#x20AC;¢ VANCOUVER â&#x20AC;¢ WINNIPEG

inthenews

Canadian home sales show highest quarterly growth since 2010: BMO ECONOMICS ACCORDING TO BMO SENIOR Economist Robert Kavcic, the latest data from the Canadian Real Estate Association shows that the Canadian housing market remains balanced and well-behaved.

Existing home sales rose for the fourth month in a row in June, posting a 3.3-percent seasonally adjusted gain from the prior month and down just 0.6 per cent from the readings of a year ago.

“These figures represent another body blow to the Canadian housing bears,” says Kavcic. “The June report leaves the second-quarter tally at an impressive 6.4 per cent above the previous quarter – the strongest performance since 2010. In fact, sales are now back to levels seen before

the latest round of mortgage rule tightening took effect in early July, helped by very low mortgage rates through much of the spring.”

Kavcic noted that the recent rise in five-year fixed rates – now in the neighbourhood of 3.5 per cent versus subthree per cent just over a month ago – might have actually stoked sales activity in June, with buyers making their move before their lower rate contracts expired.

Regionally, most markets have tightened up in recent months, including an impressive turnabout in Vancouver – sales are now 52 per cent of new listings, up from a low of 36.6 per cent late last year. Toronto is firmly balanced, while

Calgary is again seeing a sellers’ market.

“It’s essential that homebuyers stresstest their mortgage against a higher interest rate to ensure they could handle any potential increases in interest rates down the road,” says Laura Parsons, mortgage expert, BMO Bank of Montreal. “It’s also wise to choose a mortgage with a shorter amortization, which can help homeowners become mortgage-free sooner.”

Parsons added that those who are ready to enter the marketplace can get a head start on planning by getting preapproved for a mortgage before setting out to lock down the perfect home.

Enclave 1: 80% Sold Enclave 2: Now Released

MASTER ON THE MAIN FLOOR PAIRED HOMES FROM $579,900 3 and 4 Bedroom Duplex Homes from 2,200 to 2,900 Sq.Ft. PRESENTATION CENTRE & 2 DISPLAY HOMES #107 – 3458 Burke Village Promenade, Coquitlam, BC Open Daily 12-5 pm (Except Fridays) 604-916-8805 | secretridge.ca MISSIONGROUP.CA

A MISSION GROUP COMMUNITY This is not an offering for sale. Such an offering can only be made with a disclosure statement E.&O.E.

AUGUST 9 - 23, 2013 | METRO VANCOUVER NEW HOME GUIDE 25

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inthenews

Canadian Home Builders’ Association of BC appoints new

Chief Executive Officer

CHBA BC’s Chief Executive Officer effective August 1, 2013

A new leader is set to take the helm at the Canadian Home Builders’ Association of British Columbia (CHBA BC). Neil Moody has been appointed as the CHBA BC’s new chief executive officer effective August 1, 2013.

“After a lengthy recruitment process which brought forth several impressive candidates, we are pleased to welcome Neil as our new CEO,” said CHBA BC President Nathan Stone.

“Neil’s strong background in membership-driven associations will serve British Columbia’s residential construction sector well as we move forward in these challenging but exciting times. His experience working with national governments as well as business organizations will allow us to continue to grow as an industry association.”

Moody’s entrepreneurial background will be helpful in understanding and serving the needs of CHBA BC’s members.

He began his first successful manufacturing business at age 18

Neil’s strong background in membership-driven associations will serve British Columbia’s residential construction sector well as we move forward in these challenging but exciting times. His experience working with national governments as well as business organizations will allow us to continue to grow as an industry association. and later served as a builder and subcontractor of single-family homes in White Rock. Moody’s most recent position as a real estate investment and renovation consultant with links to the Asia Pacific and Japan came on the heels of spending 14 years as executive director of the Canadian Chamber of Commerce in Japan. Moody was also the chair of the Foreign Chambers of Commerce in Japan and initiated the formation of the Canadian Chambers of Commerce and Business Associations in Asia, a membership network representing more than 3,000 members.

“This is an exciting time to take on a leadership position within the residential construction industry, which is one of the most important drivers of the province’s economy,” said Moody.

“There are several indications that we’re entering a period of positive growth and employment, but we’re also likely on the

cusp of rising interest rates. The way these and other factors play out over the coming months will present many opportunities as well as challenges.”

There are several consumer-driven trends emerging within the residential construction sector, including the push for smaller and more affordable units, mortgage helpers including secondary suites and laneway housing, densification along transit lines, and the redevelopment of malls to include residential space.

Moody takes over from M.J. Whitemarsh, who led the association for over 13 years.

“I’m pleased to be working with Neil during the current transition period,” said Whitemarsh. “As a consensus-seeking team builder with political acumen and business expertise, he will provide strong direction for the industry as it deals with issues such as the release of marginal lands from the Agricultural Land Reserve and Industrial Land Reserve, both of which could play a key factor in housing affordability.”

The Canadian Home Builders’ Association is the voice of the residential construction industry in Canada, representing more than 8,500 member firms across the country, including more than 1,870 members with CHBA BC. The association’s members include new home builders, renovators, developers, trade contractors, building material manufacturers and suppliers, lenders and other professionals in the housing sector. B.C.’s home building and renovation communities.

26 metro vancouver new home guide | august 9 - 23, 2013

026 NEWS CEO CHBA BC_BD-DD.indd 26

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FROM $829,900

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29 SINGLE FAMILY HOMES

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Citadel Heights

Showhome open daily 12 – 5 (Closed Friday) 2195 Nova Scotia Ave, Port Coquitlam 604-468-2196

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

See more at bluetreehomes.ca

Citadel Heights ad for New Home Guide

RD

Visit us Today!

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✓ 4 & 5 bed homes ✓ Spacious 2,800 to 3,500 sf floorplans ✓ Finished basements ✓ Established Port Coquitlam neighbourhood ✓ Close to schools and parks ✓ Easy access to Lougheed and Hwy 1

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SURREY A1. Encore

8433 164th Street 604-716-9506

A2. Panorama Station

5957 152nd 604-372-2275

A3. Ashbury Hill

14833 - 61st Ave. 604-953-1211

99 A8. The Links

7797 170 St. 778-574-2550

A9. Uptown Clayton Village 19525 73rd Ave. 778-574-0146

A10. La Rue

19180 65th Ave. 604-575-2263

A4. Bishop Creek

15788 104 Ave.

A11. Fusion

A5. Clayton Heights

A12. MacKenzie Estates

604-588-0005

7310 - 191B Street 604-723-4497

A6. Madison

14356 63A Ave. 604-543-6262

A7. Kendra

6378 142nd St. 604-590-9122

13886 62Ave 778-578-9779 185th & Fraser Hwy 604-538-2125

A13. Sun 72

195th & 72nd Ave. 604-575-8806

A14. E ton

14888 - 62nd Ave. 604-953-0833

28 METRO VANCOUVER NEW HOME GUIDE | AUGUST 9 - 23, 2013

A15. Highlands at Sullivan Ridge 6085 - 146 St. 778-565-7768

A16. Enclave at Boundry Park 12775 63 Ave. 604-657-3709

A17. Teo

13864 Hyland St. 604-288-8981

A18. Canvas

6350 142 St. 604-598-8873

A19. One 92

6685 192nd St. 604-576-1772

A20. Panorama Woods 6123 138th Street 778-593-9954

A21. Silverwood

84th Ave. & 164th St. 604-953-0288

A22. Salix

6477 196th Street 604-530-0054

A23. Boardwalk Townhomes

7090 - 180th Street 604-506-1852

A24. The Grove 68th Ave. & 194 St. 604-533-6968

A25. Rockwood

16241 - 84th Ave 604-503-1188

A26. Zen

196th & 66th Ave. 604-247-2639 ext 262

LANGLEY B1. Winchester Estates 21867 50th Ave 604-533-1886

B2. Nature's Walk 20966 77A Avenue 604-888-8370

B3. Yorkson South 211 St. & 78B Ave. 604-533-3491

B4. Radius M urrayville

www.hayerlifestyle.com

20

Designer Homes This Fall, we’re unveiling Radius, the first in our new Lifestyle Design Series — a limited collection of design-inspired 3 & 4 bedroom single family homes.

Don’t miss this exclusive opportunity to live in the only new family community in Murrayville, Langley.

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Please ask sales representative for more information. Sales and Marketing by Fifthave.ca. E&OE.

inthenews

The Boardwalk in Surrey Not-your-average townhomes T he homes at T he Boa rdwa lk in Cloverdale are not-your-average townhomes. For starters, these homes are adjacent to the attractively landscaped boardwalk that gives them their name, and the curb appeal of their elegant brick facades and picket fences is undeniable.

large scale Donna Dalkie, sales manager at Boardwalk Homes, has the inside scoop on what homeseekers have been saying about The Boardwalk: “I find that clients who don’t normally picture themselves living in a townhome can see a real future here.”

The reason for this, according to Donna, is that these homes don’t feel like townhomes: from 1463 sq. ft. two-bedroooms to 1931 sq. ft four-bedrooms, they are larger scale than most.

On top of this, they’ve been built on sizeable lots, allowing for extra-large private backyards with spacious patios to accommodate lazy afternoons outside with family or summer barbecue get-togethers for those who love to entertain.

Inside, the attention to design detail impresses. Donna points out that “LED lights, crown moulding and blinds, which are often considered extras at other developments, are included in the purchase price here.” Gourmet kitchens with large islands, shaker-style soft-close cabinets, quartz countertops, glass backsplashes, and Frigidaire and Samsung appliances will make budding chefs out of everyone. In the family rooms, built-in entertainment centers accentuated with modern elongated stone-finish fireplaces are especially elegant. “People really love these,” mentions Donna, “and this special feature wall is sure to make these living rooms a popular family hub.”

“Clients who don’t normally picture themselves living in a townhome, can see a real future here.” Donna Dalkie Only five left And all this is available starting at $345,900, including tax.

At these prices, it’s not shocking the homes at The Boardwalk are moving fast. There are only three left, so time is running out to own one of these special homes.

Well-established family neighbourhood Since the homes at Boardwalk are the final piece in the already well-established family neighbourhood of Provincetown in Surrey, everything buyers could need or want is already at their doorstep: grocery stores, restaurants, shopping and entertainment surround them. So, too, does greenspace in a nearby children’s park and play area, Clayton Park and North Cloverdale West Park. With several elementary schools, two high schools and even a couple of universities nearby, young families can be sure that their children’s education needs will be satisfied in the vicinity for years to come.

The Boardwalk Townhomes are located at 7090 180 Street in Surrey. For more information, or to book an appointment to view, email info@boardwalktownhomes.com or call 604.506.1852 F: 604.247.2693. Also on the web at boardwalktownhomes.com.

30 metro vancouver new home guide | august 9 - 23, 2013

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AUGUST 9 - 23, 2013 | METRO VANCOUVER NEW HOME GUIDE 31

■ ■ ■ ■ BLACK ■ ■ ■ ■ MAGENTA

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SUMMER SALE ON NOW Panorama Woods Clubhouse

$

314,900

Spacious 3 Bedroom Townhomes priced from

62 AVENUE

Experience the Portrait Homes Difference today!

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SALES CENTRE & DISPLAYS Address: 6123 138 St., Surrey Open Daily: 12:00 - 5:00pm

NOW SELLING! 778.593.9954 panoramawoods.ca

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BUILDING AWARD-WINNING COMMUNITIES FOR TODAY... AND FOR YEARS TO COME.

Sales & Marketing by Coldwell Banker Tri-Tel Realty. This is not an offering for sale. Price excludes taxes. E. & O. E.

32 METRO VANCOUVER NEW HOME GUIDE | AUGUST 9 - 23, 2013

CLIENT: Portrait Homes Ad FILE NAME: Portrait_PANORAMA_NHG_SUMMER_2013_

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PRIVATE PARKSIDE HOMES

at bishop creek

3 BED & DEN TOWNHOMES 105

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✓ Walking distance to schools and daycares ✓ Conveniently located close to transit ✓ Main floor powder room ✓ Bonus room and private garage ✓ Outdoor entertaining space ✓ Quiet location backing onto parkland

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GUILDFORD TOWN CENTRE

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

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Sales Centre open daily 12 – 5 (Closed Friday) 15788 104 Ave., Surrey 604 -588- 0005 AVE

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Bishop Creek ad for New Home Guide

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quicktips

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LITTLE ADJUSTMENTS REDUCE THE CLUTTER-MAKING PROCESS

Hellen Buttigieg is a certified professional organizer, life coach, TV host, owner of We Organize U and author of the best-seller, Organizing Outside The Box. For tips on organizing your home, your office and your life, visit weorganizeu.com and sign up for the free newsletter.

by HELLEN BUTTIGIEG ELIMINATE YOUR CLUTTER HOT SPOTS We all have certain spots in our homes that 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 in your house. If they don’t have a proper home, create one.

KEEP YOUR PANTRY DECLUTTERED Most people can’t resist buying items when they go on sale. But when it comes to food, buying too much and neglecting to use it before the expiry will cost you more in the long run. It’s easy to forget what you have on hand when things build up. Whether you keep your food in the kitchen cupboards or are lucky enough to have a large pantry, keeping these areas streamlined and organized will save you time, money and frustration.

Before going grocery shopping, take an inventory of everything you have and plan the meals for the upcoming week with an eye towards incorporating these items. Once you’ve used up the excess,

get into the habit of planning your weekly meals in advance. You will avoid overbuying and will always know what you’re making for dinner.

STOP PAPERS FROM ACCUMULATING Are you wasting your valuable time shuffling papers? Get into the habit of thinking twice before bringing home any piece of paper or printing a page. Ask yourself whether you have a specific use for it, and if you don’t have a clear answer, leave it behind (no matter how interesting it looks). When you’re at a show or a conference, before you take the pamphlets and handouts, get realistic about what you’ll really have time to read when you get home. Paper hoarding is a habit that you can break, and doing so will save you time and energy.

PURCHASE FURNITURE THAT DOES DOUBLE-DUTY Consider purchasing a few of the multi-functional furniture pieces that have become readily available in the stores recently. For example, consider an upholstered ottoman that not only provides a place to put your feet up, but also offers additional seating, doubles as a coffee table and opens up to reveal hidden storage.

CREATE AN IN/OUT ZONE IN YOUR HOME Set up a small container for each family member on a table or a small bookcase by the door as a place to hold keys, cell phones and wallets. It can also act as a landing spot for brief-cases and backpacks. In addition to providing a home for those items when you walk in the door, it also gives you a consistent spot to place things you’ll need to take with you when you leave the next morning.

ARE YOU BEING HELD HOSTAGE BY YOUR POSSESSIONS? If you’re reluctant to get rid of certain items because they were expensive, think about how much it’s costing you to keep them. The more possessions you have, the more time it takes to care for them and the more space it takes to store them. Although it may be difficult to let go of things that no longer serve you, the payoff is well worth it: you’ll have more free time in your day and be more relaxed in your home.

FEELING STUCK If you find yourself backsliding when it comes to maintaining your organizing systems, don’t berate yourself, as this will sap your energy and prevent you from doing anything about it. Rather than dwelling on what went wrong, focus instead on what needs to be done. Just say “oops” and move on to taking action.

34 METRO VANCOUVER NEW HOME GUIDE | AUGUST 9 - 23, 2013

034 Hellen Buttigieg - Psychology of Mess_BD-DD.indd 34

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SURREY/LANGLEY

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jacobsenliving.com 604.538.5591

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

This is currently not an offering for sale. E. & O.E.

9 - 23, 2013 | METRO VANCOUVER NEW HOME GUIDE 35 INVISIONDESIGN&MEDIA|PROOF4|CLIENTIKONIKHOMES|PROJECTJACOBSEN|DOCNHBG|SIZEAUGUST 7.25"X9" |DATEJuL30,2013|DOCKET193312

IT’S NOT TOO LATE TO...

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Prices and incentives are subject to change or be withdrawn without notice and exclude taxes. E.&O.E. Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd.

AUGUST 9 - 23, 2013 | METRO VANCOUVER NEW HOME GUIDE 39

Q&A

01

02

Demystifying Leasehold Properties

Q&A

— after all, it doesn’t matter to a tenant whether the property is leasehold or freehold.

Another benefit people often don’t realize is that new homes on leased land are GST exempt.

So for example, if you’re buying a brand new, $500,000 home, you’ll save $25,000 — which is a lot of money.

Its origins date as far back as feudal times when kings and queens might chose to “pay” their knights with a lease giving them exclusive use of certain sections of the royal lands. Today, while leasehold is still a respected tradition in many parts of the world including England, Australia, and much of Asia, in North America it remains something of a rarity. It’s seldom discussed, frequently misunderstood, and often perceived as a second best alternative to freehold.

This issue, New Home Guide chats with Kevin Hoffman, senior vice president of Aquilini Development and Construction Inc., about some of the myths and realities of the leasehold market.

Q: Okay, but what are you actually buying when you purchase a leasehold property?

A: Simplistically put, you’re buying your home and renting the lot it’s on for the duration of the lease. But there are several different types of leases and different types of landlords. At UBC properties, leases are created through the UBC Properties Trust and are usually for 99 years. In False Creek, leasehold properties are with the City of Vancouver and are often shorter — 60 years or less.

At Tsawwassen Shores, our master-planned community in Delta, the landowner is the Tsawwassen Shores Development Company Ltd. which is 100 per cent owned by 14, individual Tsawwassen First Nation (TFN) members. The

Q: Many people still resist the concept of leased land even though there are actually some solid advantages. What are some of the benefits that can make leased land a smart home buying decision?

A: The most immediate advantage is that you’re typically able to purchase your home at a lower price than a comparable freehold — so up front you’re saving money.

Obviously that’s a bonus for first time buyers. But this discount is also a huge advantage for investors because they can still rent the property out at market rates

In many markets, we’re seeing leasehold land appreciating at roughly the same rate as freehold — so it’s a good legacy.

with kevin hoffman

by Susan M Boyce

40 metro vancouver new home guide | august 9 - 23, 2013

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01 A contemporary, vaulted great room attracts attention from savvy homebuyers.

02 Gary and Catherine were among the first to purchase their leasehold property at Tsawwassen Springs and are looking forward to their new garden.

03 Luxurious ensuites create a tranquil oasis.

04 The official ground breaking at Tsawwassen Springs took place this spring.

03

04

leases are prepaid for 99 years because that’s the maximum term allowed by TFN law, but homeowners could choose to “top up” their lease after 40 or 50 years if they want to bring it back to the full 99 years.

on Westside Vancouver, and when the Band took a closer look at the surrounding area, they raised lease rates to be more in line with the neighbourhood. It was unfortunate the media coverage of that event fueled so many of the misconceptions about leased land.

Q: What happens at the end of 99 years if the homeowner decides to let the lease run its course?

A: In our lease, the land would revert back to the owner who could then either renew the lease or buy the house on it for fair market value. But it’s important to look at this in context.

First of all, the landlord is unlikely to want to buy back 700plus homes, so there will be motivation to renew the leases.

Secondly, people generally only stay five to 10 years in one home. But let’s suppose you’re a 30 year old with children and you end up staying there for 50 years until you’re 80. You’ve still got 49 years left on that lease so you’re probably going to pass that property on to your kids or grandkids. And what’s interesting is that in many markets, we’re seeing leasehold land appreciating at roughly the same rate as freehold — so it’s a good legacy.

Q: What’s the most important thing you’d like New Home Guide readers to understand about leased land at Tsawwassen Shores?

A: That they can feel secure knowing nothing can jeopardize their lease. It cannot be raised, and as long as they pay their property taxes the same as any property owner has to, they aren’t going to lose their home.

Plus they get the benefit of the TFN’s extensive Neighbourhood Plan — the equivalent of a municipal OCP — that maps out where amenities like parks, schools, stores and transit will be located and will included construction of what will become BC’s largest shopping mall.

When you look at it from both sides — consumers get lower prices and a planned community, the TFN is able to unlock untapped value in their land — this is a win/win for everyone involved. I believe as word gets out, there will be a fantastic response to this opportunity.

Q: Several years ago, the Musqueam Indian Band created sensational headlines — and raised the ire of dozens of homeowners — when they significantly raised lease rates on properties in Vancouver’s Southlands neighbourhood. How can buyers be confident the same thing won’t happen at Tsawwassen Shores?

A: There is absolutely no chance of an increase because Tsawwassen Shores is a prepaid lease. When you purchase your home, you’ve paid the full amount of the lease — period.

What happened in Vancouver was that while the leases were long-term, they were not prepaid — there was a clause that allowed the rate to be renegotiated every 10 years. Nothing happened for the first 30 years. But we all know what’s happened

Information about Tsawwassen Shores can be found at tsawwassenshores.com. Or visit aquilini.com for a complete portfolio of past, present, and future development plans.

Kevin Hoffman, senior vice president of Aquilini Development and Construction Inc. august 9 - 23, 2013 | metro vancouver new home guide 41

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8/1/13 4:32:17 PM

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sometimes you just know.

Townhomes in Panorama from the low $300’s

eton sales centre

64 AVE

62 AVE

152 ST

14 8 S T

146 ST

Nestled within a permanently protected green space, Eton is an exclusive enclave of 2 bedroom, 3 bedroom and 3 bedroom + flex townhomes built to the most demanding requirement of all – your expectations.

60 AVE

#3–1 #3–14888 62nd Ave. (at 148th St.) Panorama, Surrey Open 12-5pm daily (except Fridays)

604.953.0833

etonliving.com

fairborne.com Eton is developed by Fairborne Panorama Homes Ltd. Pricing is subject to change without notice.

Rendering is representational only and may not be accurate. E.&O.E.

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WELCOME HOME. There’s something different about a Fairborne residence – a special atmosphere we take pride in creating. Nothing feels quite as comfortable, quite as right, as a Fairborne home.

ER M M N SU IO T 0 00 MO 0, RO 1 $ P

2+DEN, 3 and 4 BEDROOM TOWNHOMES IN FLEETWOOD FROM THE LOW $300’S UP TO $10,000 OFF MOVE-IN READY HOMES.*

SALES CENTRE

88 AVE

84 AVE

84 AVE FR

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80 AVE

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#15 - 8355 164TH Street, Surrey Open 12 — 5pm daily (except Fridays)

164 ST

View Silverwood floor plans, browse the image gallery and discover more about the Fleetwood neighbourhood with our free, easy-to-use App. Download the SILVERWOOD App today.

604.953.0288 SILVERWOODLIVING.COM

s

Feels like a single family home.

SALES CENTRE #100-14833 61ST Ave (at 148TH St.) Panorama, Surrey Open 12-5pm daily (except Fridays)

fully fenced-in front yard street front entry and garage at the back

604.953.1211 ashburyhill.com

St.) large bedrooms

64 AVE

62 AVE

152 ST

148 ST

146 ST

spacious and open front entry with closet outside space off the main level of living

60 AVE

affordable alternative from the high 200’s

fairborne.com Ashbury Hill is developed by Fairborne Panorama Homes Ltd. Silverwood is developed by Fairborne Fleetwood Homes Ltd. *Pricing and promotions are subject to change without notice. E.&O.E.

SURREY/LANGLEY

BC REC

BC Real Estate

Convention

44 METRO VANCOUVER NEW HOME GUIDE | AUGUST 9 - 23, 2013

inspired living

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PHASE 5

NOW SELLING  3 and 4 bedroom townhomes  spacious floorplans up to 2000 sq. ft.  gourmet kitchens with granite counters  double garages some plans  washer/dryer and blinds incl. and much more.

This is n

For more pictures and to see the amazing locations 46 METRO VANCOUVER NEW HOME GUIDE | AUGUST 9 - 23, 2013

vis

ns

SURREY/LANGLEY

MOVE IN

TODAY!

EFT!

ONLY

2

S LEFT! E M O H T

ONLY 8

.F 2300 SQ

FROM

0 0 0 , 9 0 $4

L HOMES T F .

Q S 1500

FROM

0 0 9 , 4 2 $3 12775 63 AVE.

 Kids can walk to school  Spacious open concept homes  Main floor powder bathroom  Spacious private rear yards and patios to entertain

72 Ave.

128 St.

1400 to 2300 Sq. Ft. TOWNHOMES IN SURREY

120 St.

EXCLUSIVE BOUNDARY PARK LOCATION!

64 Ave. 63 Ave. HWY 10

2 MODEL HOMES NOW OPEN Open daily (except Friday) 12 to 5pm

604.657.3709

Thoughtful detail. A better home.

Sutton Premier

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

visit www.sunmarkdevelopments.com AUGUST 9 - 23, 2013 | METRO VANCOUVER NEW HOME GUIDE 47

SURREY/LANGLEY

HURRY, ONLY 6 HOMES REMAIN! Only six of these popular homes remain. Visit today to get the details on the remaining homes here at Nature’s Walk, including our two designer display homes!

At Nature’s Walk we’ve got it all!

• Quiet location hidden within a family-oriented community.

• Walking distance to local amenities including Willoughby Town Centre.

• Brand new elementary school directly across the street.

• Convenient main floor powder rooms.

• Private and spacious fenced in backyards that offer great sun exposure.

• Low strata fees.

• Best of all, every home comes with quality finishings included in the

w w w.natureswalklangley.com 604.888.8370 • 20966 77a Avenue Open Noon – 5pm Everyday (Except Fridays)

80 Ave 77a Ave

Prices and incentives are subject to change or be withdrawn without notice. E&.O.E. Sales and Marketing by Fifth Avenue Real Estate Ltd. www.fifthave.ca

48 METRO VANCOUVER NEW HOME GUIDE | AUGUST 9 - 23, 2013

209 St

STARTING FROM THE LOW $300’s

208 St

purchase price!

MOVE IN NOW!

3 BEDROOM TOWNHOMES From $299,900

er

Hw

y

50 Ave 224 St

49 Ave

221 St

220 St

Langley’s best townhome value

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216 St

✓ Prime hilltop location with views ✓ Walk to top-ranked schools and amenities ✓ Powder rooms on the main floor ✓ 2-car garages

56 Ave

48 Ave

Sales Centre open daily 12 – 5 (Closed Friday) 4967 – 220th St., Langley 604 -533-1886

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

Winchester Ad for New Home Guide

Due: Aug. 01 – 5pm

stylefile

What height is right?

PENDANT FIXTURES ARE AN ALL-TIME FAVOURITE BECAUSE THEY

can be installed in any room of the home. They can be casual or formal — dressed up or dressed down. The challenge most people face is deciding at what height to hang them.

Here are some tips to help guide you: HALLWAY/ENTRY Especially in your entry, your pendant light should make some sort of statement since not much is going on in this area of the home. This can be one of the most difficult places determine how high to hang the light since there probably isn’t a piece of furniture underneath to help judge the distance. A general rule of thumb to follow is to hang it at least eight feet above the floor. If you have doors that swing out toward the fixture, make sure you take note of them so you leave the appropriate spacing for this also.

STAIRCASE If you’re looking to add drama and interest to your staircase, hanging a light fixture is the perfect way to do just that. Having plenty of clearance for walking up the stairs is ultimately all that needs to be considered when installing a pendant here.

OVER A TABLE 28-32 inches above the table top is where this light fixture will usually hang, though it can be hung lower or higher, it’s more of a personal preference.

Keep in mind for conversation, and for

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serving and passing food, you don’t want it to hang right in your face while seated.

Consider mounting two or three pendants above the table for added light and visual appeal.

ABOVE THE KITCHEN ISLAND Whether it’s an area for cooking or an area for sitting and watching someone cook, kitchen pendant lights are normally hung 28-35 inches over the island. It really depends on the function of the island, how the area will be used most often and what you’re comfortable with.

Again, hanging two or three pendants in a row can look quite beautiful.

BATHROOM Instead of traditional sconces, hanging two pendants on either side of a mirror looks stunning. Choosing a fixture with clear glass will offer more light which is good for makeup and getting ready, while a diffused shade offers a more ambient feel. The middle of the light component of the pendant should hang at where the middle of the mirror is placed, close enough to the wall so no one will bump into it, but not touching the wall itself. If you’re just hanging one in the centre of the room, you again want to make sure it clears the door.

MIDDLE OF THE LIVING ROOM With furniture underneath the pendant, such as a sofa or coffee table, don’t be afraid to hang your light fairly low. Usually the light will be hung over a seating area, which usually an area for conversation, as a spot for reading, watching television or resting — so you want to make sure it’s well lit but not over-bright. I would suggest having this light installed on a dimmer switch so that you have the luxury of setting your own tone of brightness.

ABOVE THE BED A pendant light hung above the bed can serve as a lovely focal point for any bedroom. Fixtures here are usually hung rather high so that you don’t end up hitting it in the middle of the night tossing and turning or when you jump out of bed because you’re late for work. Also keep in mind the sight line — if you have a television on the wall in front of your bed, you’ll want to hang it high enough so it doesn’t obstruct your view.

ON EITHER SIDE OF THE BED In place of table lamps, I love the idea of hanging a pendant above each side table. Just like in the bathroom, you want it to be hung close enough to the wall so you don’t hit it, but not so it’s actually touching the wall. I would leave about 12-20 inches above the bottom of the side table so that you have room for accessories and books.

SIDE NOTES

› Rules are meant to be broken — common sense sometimes over powers any guidelines, so feel free to follow your gut instinct when hanging your pendant light! › It’s a smart idea to consult your certified electrician before hanging any light fixture. There are codes and standards that are required to be met for safety reasons.

YANIC SIMARD is the principal designer of the Toronto Interior Design Group. Specializing in residential and commercial projects, Simard often applies his signature high/low and old/new combination design techniques in developing unique designs. Simard has created designs for clients in Toronto, Montreal and Miami, and has appeared as a regular guest expert on Citytv’s CityLine. For more information visit tidg.ca.

AUGUST 9 - 23, 2013 | METRO VANCOUVER NEW HOME GUIDE 51

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184th St

176TH ST

168th St

152nd St

WY

Serpentine Fen Nature Reserve

SOUTH SURREY / WHITE ROCK d tR cen s e Cr

40th Ave

99a

99

32nd Ave 10

7

24th Ave

148th St

Y

Ma rine Dr

15 2

10th Ave 8th Ave

SOUTH SURREY / WHITE ROCK

CANADA 1. Toccata 5. Blu UNITED STATES OF AMERICA

15988 32 Ave 2929 - 156 Street 604-535-5088

2. Southbrooke 10th Ave. & 165th St. 604-805-2941

3. Wills Creek 160th & 32nd Ave 604-542-8971

4. Jacobsen 2687 158 Street 604-538-5591

604-782-5258

9. The Heights 2845 156th St. 778-545-8737

6. Belcroft 15977 26 Ave

10. Niche

7. Abbey Road

11. Breeze

604-568-8830 24th & 164th 604-542-0660

8. Morgan Heights 16092 - 28A Ave.

604-560-1053

52 METRO VANCOUVER NEW HOME GUIDE | AUGUST 9 - 23, 2013

16th Ave

184th St

152nd St

W

16th Ave

24th Ave

11

H GE OR GE

140th St

26th Ave

G KIN

16th Ave

8

6

South Surrey Athletic Park

20th Ave

9

176TH ST

24th Ave

4

168th St

Sunnyside Acres Urban Forest Park

1

160th St

Crescent Park

128th St

3

5

164th St

Crescent Beach / Blackie Spit

3039 156th St. 604-535-5511 #5 16223 - 23rd Ave. 604-582-1113

8th Ave

SUMMER SALE ASK ABOUT SPECIAL PRICING ON MOVE-IN READY 3 & 4 BEDROOM HOMES!

Discover a new benchmark in West Coast urban living. A vibrant townhome community of two, three, and four bedroom homes, located just steps away from world class shopping and amenities in South Surrey. Exceptionally priced from the 330’s*. Only 5 homes left for immediate occupancy.

PRESENTATION CENTRE #15-16223 23A AVENUE, SURREY | 604.582.1113 VISIT ADERA.COM CHECK US OUT ON TWITTER AND FACEBOOK *LIMITATIONS APPLY. THIS IS NOT AN OFFERING FOR SALE. SALES BY DISCLOSURE STATEMENT ONLY. E&OE. BREEZE ADERA PROJECTS LTD. ADERA REALTY CORP. 2200 – 1055 DUNSMUIR ST., VANCOUVER V7X 1K8 | 604.684.8277

themortgageminute

Investing in real estate?

Great — but don’t quit your day job

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

by peter kinch There has been a predictable trend in the Canadian real estate market over the past four years. The government has warned us on numerous occasions not to get overburdened with “cheap” debt. The continued low rate environment encourages homeowners to access more equity and allows the housing market to grow.

Around January, the government has grown concerned about an overheated housing market and begins turning up the volume on calls for consumer restraint. By March, the federal finance minister decides to tighten mortgage rules to avert an over-heated housing market. Ironically, this action triggers an early start to the spring market as homebuyers adopt a “get in while you can” mentality and rush to make purchases before the new rules take effect.

The result has been a prolonged period of low rates as central bankers around the globe look for ways to stimulate their economies.

What does this mean for real estate investors? When the government looks at tinkering with mortgage rules, they tend to target the “fringe” players in the market — those deemed to be the highest risk of default: investors and self-employed borrowers.

With all the changes that have taken place over the past four years, an investor could be forgiven for taking on a negative attitude, but the reality is now, more than ever, that it’s time for perspective.

Investors should take a step back; it wasn’t that long ago that programs for the self-employed were limited and buying rental properties had a variety of restrictions.

By 2006, in Canada, we saw amortizations shoot from 25 to 40 years. The minimum down payment on a rental property went from 25 per cent to zero. Self-employed borrowers needed only to state their income and as long as the cash flow on a rental property was positive, they could still get a mortgage with little or no money down at fully discounted rates. And although many still lament the loss of these programs, it is important to remember, that it was these

It should come as no surprise that Canadian banks want to return to conservative roots and reign in lending deemed to be “risky” in nature reckless lending practices (particularly in the U.S.) that eventually led to the subprime crisis and the subsequent global credit crisis that followed.

So it should come as no surprise that Canadian banks want to return to conservative roots and reign in lending deemed to be “risky” in nature. However, this again is where a little perspective is important. When an elastic band is stretched, it can never go back to its original form. Like the elastic band, Canadian banks are retrenching from their fully stretched days of 2007, but they are not reverting all the way back to where they were in the 1990s. If a real estate investor looks at the marketplace over a 10- to 15-year perspective, then today’s banking environment for real estate investors is more relaxed than it was 15 years ago. At the end of the day, the secret is simply to understand which sandbox you’re playing in.

54 metro vancouver new home guide | august 9 - 23, 2013

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SOUTH SURREY/WHITE ROCK

AUGUST 9 - 23, 2013 | METRO VANCOUVER NEW HOME GUIDE 55

RICHMOND / DELTA / LADNER / TSAWWASSEN Vancouver International Airport (YVR)

Rive r Dr

ay chie W Grant McCona

No 4 Rd

Richmond Centre

A3

No 6 Rd

Blundell Rd

Fr

No 5 Rd

No 4 Rd

No 3 Rd

Gilbert Rd

No 2 Rd

Williams Rd A1 South Arm Park

56 St Coast Tsawwassen Inn

W AY

A3. Saffron

Gr ov eR oa d

62nd B St

Dr Arthur

TSAWWASSEN

NORTH DELTA

B1. Tsawwassen Shores

C1. Lakeside

604-943-6677

#101 - 8600 Park Rd. 604-270-2482

28th Ave 56th St

9131 Williams Rd. 604-274-7326

DR

Boundary Bay Regional Park

Be ac h

Cemetery

41st B St

NO

RD E

L

8A Ave

RICHMOND A1. Whiteside Gardens

RN S

48th Ave

47th A Ave 47 e

Way son Jack

113 St

South Delta Park

W r Rd Rive

56 St

8A Ave

BU

17

55 St

53A St

75A Ave 74 Ave

53A St

119A St

75 Ave 115 St

r

72 AVE

Chalmers Park

116 St

Monroe Dr

Dr

D ore rym Bar

on ica

Delta Nature Reserve

Beach Grove Golf Course

12 Ave

12 Ave

78B Ave

112 St

M

80 Ave

52 St

82 Ave

80 Ave Mackie Park

SCOTT RD

84 Ave

118 St Rd English Bluff

Y

NORDEL WAY

HW ACIS ANN

North Delta Park

Blv d

r

Grauer Park

53rd St

RD R

18 Ave 55 St

Tsawwassen Golf Club

C1

Sa nt a

i ve

TSAWWASSEN

Riv er Rd

No 3 Rd

52 St

116 St

17 90 Ave Splashdown Park

112 ST

RI VE

Deas Island Regional Park Finn Rd

B1

NORTH DELTA

91

rR

99

96 Ave

ilts hir e

e as

Rd er Riv

Steveston Hwy

Moncton St

W

91

Westminster Hwy

Francis Rd

Railway Ave

No 1 Rd

RICHMOND HWY

Steveston Hwy

Garry Point Park

Cambie Rd

Granville Ave

Blundell Rd

Francis Rd

No 6 Rd

A2

Cambie Rd

Alderbridge Way Lansdowne Park Mall Richmond Nature Park

Westminster Hwy

Granville Ave

Shell Rd

ss

No 3 Rd

Ru

Ba ke rW ay

Garden City Rd

Bridgeport Rd

No 5 Rd

RICHMOND

KNIGHT ST

River Rd

99

A2. Remy

56 METRO VANCOUVER NEW HOME GUIDE | AUGUST 9 - 23, 2013

17

English Bluff Rd

4133 Stolberg St. 604-279-8866

12th Ave

lakeside@polyhomes.com 604-871-4241

RICHMOND/DELTA/LADNER/TSAWWASSEN

P PH H A S AS E 1 E2 6 NO 0% S W O SE LD. LL I NG .

SIZZLE! The luxury of oceanside living.

Tsawwassen Shores is a masterplanned community down by the ocean just 30 minutes from Vancouver. Nothing builds an appetite more quickly than a walk along one of the nearby beaches. So you’ll love your island kitchen, gas stove and walk-in pantry. This summer, come down to the ocean — and stay.

DETACHED SINGLE-FAMILY HOMES WITH RANCHERS STARTING FROM $499,900 AND 3 BEDROOMS WITH DEN STARTING FROM $529,900.

Visit our website to register, or call

Show Homes

604.943.6677

Presentation Centre 1875 Tsawwassen Drive

Hw

7 y1

52 St.

seafair realty an independent member broker

Tsawwassen Dr.

tsawwassenshores.com

(last right before the ferry terminal)

Open 12–5pm daily, except Friday

This is not an offering for sale. An offering for sale can only be made after filing a disclosure statement. Photos and renderings are representational only. E&OE.

NEW HOME BUYERS GUIDE CLIENT: Aquilini PROJECT: Tsawwassen Shores INSERTION DATE: July 26,2013 SIZE: 7.25” x 9”

AUGUST 9 - 23, 2013 | METRO VANCOUVER NEW HOME GUIDE 57

inthenews

Conference Board of Canada:

June Sees Further Sales Advances

by Robin Wiebe

Resale markets continued to perk up last month. Sales rose from their May levels in 21 of the 28 major markets covered by this report, including 11 where the gains were five per cent or more. Particularly large jumps occurred in Victoria, Saskatoon and Trois-Rivières.

Listings were down from the previous month in 16 markets, but trailed their June 2012 volumes in only 12 of 28 areas. Potential homesellers remain generally confident about their prospects for selling, as transaction numbers continue to be healthy.

Rising sales lifted the sales-to-listings ratio in 14 markets between May and June. This should help boost future price growth.

Balanced conditions were found in 26 markets during June, up from 22 in May. Easing listings and steady sales gains made Thunder Bay the only sellers’ market. Québec City was a buyers’ market.

Existing home prices also appear more solid. The average sale price rose in 14 markets between May and June, while rising faster, or declining at a slower pace, in 16 areas. The large jump in Vancouver’s average price was the result of a large number of pricey detached homes changing hands. This hike is likely to be partly reversed in the coming months, given that this market remains tentative.

Short-Term Year-Over-Year MLS Price Change Expectations: +7% Saskatoon, Hamilton, Saint John, Newfoundland 5–6.9%

Sudbury, Oshawa, Saguenay

3–4.9% Calgary, Edmonton, Winnipeg, Thunder Bay, Toronto, Kitchener, Kingston, Québec City 0–2.9% Vancouver, Victoria, Fraser Valley, St. Catharines, London, Windsor, Ottawa, Sherbrooke Falling Regina, Gatineau, Montréal, Trois-Rivières, Halifax

Rising sales lifted the sales-to-listings ratio in 14 markets between May and June.

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Published by

VIEW OUR MAGAZINES ON ANY

DIGITAL DEVICE anytime, anywhere!

Now you can view all New Condo Guide magazines online using any smartphone, tablet or desktop device.

NEWCONDOGUIDE.COM

BURNABY / NEW WESTMINSTER NEWWESTMINSTER

Barnet Marine Park

G ag

Royal Oak Ave

Willingdon Ave

BOUNDARY RD

Burnaby Lake Regional Park

Can ada

Deer Lake Deer Lake Park

h 8t

St

WA RD SON W AY

Royal Oak Ave

Gilley Ave

Nelson Ave

Patterson Ave

Queen’s Park

St

E ST

eD rin

B1e v lA ya Ro

r

Duncan St

Boundary Rd

A5

Sales Centre #101 - 618 Langside Ave. 604-939-8808

A3. Aviara

1710 Gilmore Ave 604-291-9130

60 METRO VANCOUVER NEW HOME GUIDE | AUGUST 9 - 23, 2013

Aug.17 2012

7.625”x1.625”

Ledingham McAllister

CMYK

NHBG Banner Ad Redesign

Legacy Sans

A5. Rivers Walk

y Wa nt rwe De

A2. Bloom

e Av

h 6t

e Av

St yd Ewen Bo e Av

BURNABY

e Av h 6t

Southridge Dr Ma

h 8t

Braid St e Av

DE RI CB M

h 8t

th 10

e Av

St

ay W

Mari ne D r

9350 University High Sreet 604-320-3386

e Av

A6

MARIN E WAY

A1. Lift

th 16

A4

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MARINE W AY

Imperial St

da na Ca

t lS ria pe Im

th 10

nd rla be m Cu

KIN GS WA Y

Imperial St

A2

Lougheed Mall Austin Ave

Sprott St

Metrotown

SE Marine Dr

y Wa di lar

ay W

Av e

Central Park

Cla rke Rd

Squint Lake Park

North Rd

Sperling Ave

Cliff Ave

Holdom Ave

Grey sto ne D r

Oakland t S

49 t h

A1

Un ivers ity Dr E ag lar di Wa y

Burnaby Mountain Golf Course Broadway

BCIT

68 Sixth Street 604-525-8980

iver sit y Dr W Un

SFU

Brentwood Mall

B1. Dominion

BARNET HWY

G

Willingdon Ave

HASTINGS ST

A3

Burnaby Mountain Park

INL ET DR

Confederation Park

809 S Dyke Road (at Wood Street) Queensbourough 604-533-3575

A4. Casa de Oro

7533 Gilley Avenue (at Royal Oak) 604-436-1100

A6. Britton

7435 Kingsway 604-714-0573

NOW SHOWING

Artist rendering

BY APPOINTMENT ONLY L I M I T E D

Contact us 6 0 4 . 2 9 8 .1 3 1 3

RE L EAS E O F

B R I T TO N L I V I N G .C O M

THREE BEDROOM

TOWN HOMES STARTING UNDER $499,900

7458 Britton, Burnaby

Developed by

This is not an offering for sale. Any such offering must be made with a Disclosure Statement. Prices are subject to change. E. & O.E

inthenews

FCM Report:

Canadian mayors ask that housing crisis be addressed

Canada’s Big City Mayors’ Caucus (BCMC) is calling on its provincial, territorial and federal partners to confront the growing housing crisis across the country. The BCMC, a group representing 22 of the largest cities in Canada, met recently in Vancouver ahead of the Federation of Canadian Municipalities’ (FCM) Annual Conference and Trade Show.

“The rising cost of housing is an issue we see in cities across the country,” said Gregor Robertson, mayor of Vancouver and chair of BCMC. “Cities are ready and willing to help protect the economy and solve this housing crisis but we need federal and provincial partners who are committed to working with us.” $1.7 billion annually in federal housing investments are set to expire with the greatest drop in funding, up to $500 million a year, ending between 2014 and 2019.

This will put more than half a million Canadians at risk of losing their homes unless federal, provincial and territorial governments take action.

The BCMC is calling for a new housing partnership by all orders of government dedicated to: ›› Eliminating chronic homelessness through proven strategies ›› Stimulating new rental and affordable housing construction with tax incentives or other measures ›› Preserving and renovating existing social housing units ›› Housing workers to support a growing economy Canada’s housing crisis is too big and complex for any single order of government to solve on its own, given the thousands of builders, investors and community partners working within a web of federal, provincial and local policies.

With the new 10-year infrastructure plan announced in Budget 2013, the federal government built the kind of practical partnership needed to meet this type of national challenge. This partnership must be expanded.

“Record levels of household debt, new economic realities and changing demographics mean we can no longer rely solely on homeownership to meet Canada’s housing needs,” added Robertson. “Investing in housing is one of the most effective ways to both create jobs and boost economic activity in Canada today.”

Canada’s housing crisis is too big and complex for any single order of government to solve on its own, given the thousands of builders, investors and community partners working within a web of federal, provincial and local policies.

While the face of this challenge may look different from one region to the next, all cities are struggling from this crisis. The average price of a new home in Canada nearly doubled between 2001 and 2010. 32 per cent of Canadians live in one of Canada’s 3.9 million rental units, yet purpose-built rental housing accounts for just 10 per cent of new residential construction over the past 15 years.

Visit fcm.ca for more on BCMC, the FCM’s Annual Conference and Trade Show and the reports it produces.

62 metro vancouver new home guide | august 9 - 23, 2013

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8/1/13 4:32:37 PM

BURNABY/NEW WESTMINSTER

$469,900!

MOVE FOR SP IN RING! GST* O NLY!

*Subject to qualifications

AUGUST 9 - 23, 2013 | METRO VANCOUVER NEW HOME GUIDE 63

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6/27/13 4:45:57 PM

JULY-AUGUST ISSUE on stands now!

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42 South Dyke Road,

AUGUST 9 - 23, 2013 | METRO VANCOUVER NEW HOME GUIDE 65

VANCOUVER / DOWNTOWN VANCOUVER

BURRARD INLET

E HASTINGS ST

NW Ma rine Dr

Jericho Beach Park

Termin

1

W 10th Ave

E Broadway

W 12th Ave

KIN

E 12th Ave

GS WA Y

KNIGHT ST

Oak St

SW Ma rine Dr

GRANVILLE ST

ve

Arbutus St

W King Edward

A

Pacific Spirit Park

MAIN ST

all W

Ave 16th

Renfrew St

al Ave

CAMBIE ST

Blv d

kM roo stb We

UBC

Venables St

Burrard St

Chancello r

Queen Elizabeth Park

E 29th Ave

Oak St

Victoria Dr

E 41st Ave

R

ED

RIN

SW

VANCOUVER 1. Alder Crossing Alder & 6th 604-600-5404

66 METRO VANCOUVER NEW HOME GUIDE | AUGUST 9 - 23, 2013

MA

BOUNDARY RD

W 57th Ave

SE MARINE DR

1

VANCOUVER

RAISE YOUR STANDARDS. ON EVERY LEVEL.

MODEL HOMES OPEN SATURDAY & SUNDAY 1 – 4 PM

1 2 FA I R V I E W T O W N H O M E S These are homes with a clear view to life in an ideal location. Starting with 6 studio garden suites Alder Crossing will be Fairview’s next favourite address. Above are 6 two-storey townhomes with gorgeous roof decks and brilliant views of False Creek and the downtown skyline. All homes here will be constructed with close attention to detail, befitting a connected Vancouver address. Move in fall 2013.

Studios from $290,000 Two Bedroom & Den Roofdeck homes from $759,900

604.600.5405 aldercrossing.com

This is not an offering for sale. Any such offer can only be made by disclosure statement. E.&O.E.

AUGUST 9 - 23, 2013 | METRO VANCOUVER NEW HOME GUIDE 67

NEW HOME BUYERS GUIDE Client: KLM MARKETING Project: Alder Crossing

onthehorizon

on the horizon

Checking Out What’s Hot and New in the Lower Mainland’s Residential Marketplace and Beyond

by Susan M Boyce

Sookepoint:

Henley:

Sooke Vacation Cottages

Surrey Townhomes

Here’s one of the most exciting — and unique — vacation cottage opportunities to come along in a long time. Located at the southwestern-most point of Canada and adjacent to East Sooke Wilderness Park (where you can hike for six hours before you reach the end of the trail), each of these 90 cottages commands unobstructed views of the ocean and features massive banks of windows plus a nautical prow-shaped deck.

Unusual coastline allows you to pick your favourite orientation— east, south or west.

Then choose your favourite floorplan from studio to three-bedroom. Great customizing options available too.

These homes are full ownership and can be lived in full time, part time or placed in the professionally-managed rental pool. A marina, village centre and 24-suite boutique hotel will complete this rare offering. Priority registration is now underway. Don’t miss out on this once-in-a-lifetime chance. For more information and to book a private tour of the display home call 250.300.1645. You can also visit sookepoint.com for more details.

Display home located at 1000 Silver Spray Drive in Sooke.

Coming soon to the Panorama neighbourhood, Henley introduces spacious three- and fourbedroom townhomes featuring crisp, modern design and approximately 2,000 sq. ft. of comfortable living space over two levels. A wide range of options and upgrades allow you to truly personalize. Bonus: the entire community is built over underground parking, leaving plenty of greenspace above for all owners and guests to enjoy. Another bonus: private, side-by-side garages within the secure underground parkade add a second level of security while giving you direct access to your home.

Henley will be located at 14066 – 61st Ave. (just minutes from the Bell Centre for the Performing Arts) in Surrey.

For more information and to priority register, visit porte.ca/henley. Sales anticipated to begin this fall.

The Grove at Cambridge: Surrey Townhomes

Tell us your news

Got a new development you’d like us to feature in On the Horizon?

Drop us a note at onthehorizon@ wall2wallmedia.com, and we’ll do our best to get you in the next edition.

Now offering two-bedroom, two and den, and three-bedroom townhomes priced from $319,900, The Grove at Cambridge is centrally located at 14905 – 60th Ave in Surrey. Familyoriented neighbourhood near schools, shops, outdoor recreation, and the growing amenities of the Panorama neighbourhood. Charming architectural details include gabled rooflines, mullioned windows and covered front porch with eye-catching royal blue doors. Better hurry though, because only 26 homes are available.

For more i n for mat ion v isit t heg roveatca mbr idge.ca or ca l l 604.597.7177.

Rivendale: Squamish Duplexes

Located in a natural paradise on the banks of the Squamish River and just minutes from where the bald eagles return to nest for winter, Rivendale is a quiet, friendly community where you can savour breathtaking mountain views, fresh forest air and exceptional proximity to a diverse array our outdoor recreation including fishing, rock climbing, kayaking, kite surfing and hiking.

Homes range from approximately 1,900 to 2,000 sq. ft. and feature vaulted master suites, nine-ft. ceilings throughout main floor, side-by-side double garage, plus generous feature corner windows. The community also boasts a large community park with community garden, rock benches, meeting areas, and walking paths.

Fisherman’s Park is just a two-minute stroll when you crave walking along a sandy beach.

Rivendale is located at 41488 Brennan Road in Brackendale, Squamish. For more information visit rivendaleliving.com or call 604.898.7653 or 604.815.8137.

68 metro vancouver new home guide | august 9 - 23, 2013

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homebuyersâ&#x20AC;&#x2122;help

British Columbiaâ&#x20AC;&#x2122;s

new home developments

69

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CALCULATE YOUR MORTGAGE PAYMENTS INTEREST RATE

AMORTIZATION PERIOD

CHART FIGURE

EXAMPLE: 5%

25 YEARS

5.82

MORTGAGE AMOUNT ÷ 1,000 (MORTGAGE AMOUNT $125,000)

125

MONTHLY PAYMENT

$

FOLLOW THESE STEPS TO SEE IF YOU’LL QUALIFY FOR A MORTGAGE ON YOUR DREAM HOME

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 home.

03

Take the total price of the home 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 06

Multiply this figure by the amount you need to borrow. Divide by 1,000.

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 home.

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.

70 METRO VANCOUVER NEW HOME GUIDE | AUGUST 9 - 23, 2013

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MORTGAGE PAYMENT CALCULATION CHART % INTEREST RATES

AMORTIZATION PERIODS 10 YEARS

15 YEARS

20 YEARS

25 YEARS

3.00%

9.65

6.90

5.54

4.73

3.25%

9.76

7.02

5.66

4.86

3.50%

9.88

7.14

5.79

4.99

3.75%

9.99

7.26

5.91

5.13

4.00%

10.11

7.38

6.04

5.26

4.25%

10.23

7.50

6.17

5.40

4.50%

10.34

7.63

6.30

5.53

4.75%

10.46

7.75

6.44

5.67

5.00%

10.58

7.88

6.57

5.82

5.25%

10.70

8.01

6.74

5.96

5.50%

10.82

8.14

6.85

6.10

5.75%

10.94

8.27

6.98

6.25

6.00%

11.07

8.40

7.12

6.40

6.25%

11.19

8.53

7.26

6.55

6.50%

11.31

8.66

7.41

6.70

6.75%

11.43

8.80

7.55

6.85

7.00%

11.56

8.93

7.69

7.00

7.25%

11.68

9.07

7.84

7.16

7.50%

11.81

9.21

7.99

7.32

7.75%

11.94

9.34

8.14

7.47

8.00%

12.06

9.48

8.28

7.63

8.25%

12.19

9.62

8.44

7.79

8.50%

12.32

9.76

8.59

7.95

8.75%

12.45

9.90

8.74

8.12

9.00%

12.58

10.05

8.86

8.28

9.25%

12.71

10.19

9.05

8.45

9.50%

12.84

10.33

9.20

8.62

9.75%

12.97

10.48

9.36

8.78

10.00%

13.10

10.63

9.52

8.95

10.25%

13.24

10.77

9.68

9.12

10.50%

13.37

10.92

9.84

9.29

10.75%

13.50

11.06

10.00

9.46

11.00%

13.64

11.22

10.16

9.63

11.25%

13.77

11.36

10.32

9.80

11.50%

13.91

11.52

10.49

9.97

11.75%

14.04

11.66

10.65

10.15

12.00%

14.18

11.82

10.81

10.32

12.25%

14.32

11.97

10.98

10.49

12.50%

14.46

12.13

11.15

10.67

12.75%

14.59

12.28

11.31

10.85

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 $300,000 mortgage with a 25-year amortization period at 5% is as follows: ($300,000 รท 1,000) X 5.82 = $1,746 AUGUST 9 - 23, 2013 | METRO VANCOUVER NEW HOME GUIDE 71

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BRITISH COLUMBIA’S NEW HOME DEVELOPMENTS PROJECT

ABBOTSFORD Abacus Uptown Auguston Argyle Brooklyn Cedar Landing Creekside on Downes Eagle Estates Eagles Gate Falcon Ridge Foxwood Harvest Hudson’s Loft Lift Luna Mahogany at Mill Lake Pepin Brook Waterleaf BURNABY Altitude Aviara Britton Casa d’oro CentreBlock at Univercity Eden at Edmonds Highland House Kabana Lift Madison Met, The Met, The Metro One Metro Two Metro Metroplace OakTerra Oro Paddington Mews Panacasa Parkside Greene Reflections Sevens, The Silver Sixth Street Villas Solo District Station Square Trio Vantage Venice Vibe Wall Centre Central Park Westridge Living CHILLIWACK / SARDIS Englewood Village Garrison Crossing Heron’s Landing Jinkerson Vistas La Cason Park Place Radius Ranchero Estates Summit Residences, The Solara Townsend Terrace

TYPE

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

C O N TA C T

PRICE

604-854-1201 604-308-8660 604-557-5959 604-746-3496 604-533-3491 604-850-4518 604-859-3141 604-309-7729 604-309-0540 604-850-5040 604-607-7801 604-864-8948 604-557-1047 778-895-5862 604-746-1551 604-856-1118 604-850-3694

Call From $559,000 Call From $169,900 From $289,000 From $579,900 From $599,900 From $373,500 From $789,000 From $524,900 From $249,900 From $99,900 Call From $299,900 Call From $599,900 From $179,000

604-456-8883 604-291-9130 brittonliving.com 604-436-1100 libertyhomes.ca 604-329-8228 604-941-4663 604-288-7394 604-320-3386 liveatburnabyheights.com 604-899-8800 604-899-8800 604-435-9477 604-435-9477 604-435-5565 604-435-8866 604-431-6033 604-754-7338 604-438-9922 604-437-0100 604-435-7088 604-525-8496 778-378-7777 604-435-8866 604-727-8707 604-298-8800 604-438-1113 604-218-3338 604-294-3339 veniceliving.ca 604-970-9606 604-874-9232 778-995-9198

From Mid $200’s Call From $489,900 From $499,900 Coming Soon Coming Soon From $209,900 Coming Soon Call Coming Soon From $351,500 From $729,900 Call From $439,900 Call Call Call From $274,900 From the $290’s From $239,900 From $299,900 Call From $299,000 From $300’s From $429,000 From $249,900 Call From $249,900 From $470,000’s Coming Soon From $259,900 From $299,900 From $437,900

1-888-827-8823 604-824-5062 604-858-7179 1-877-858-2408 1-800-830-7175 604-991-5151 604-991-5151 1-800-795-2955 604-824-6473 604-702-0818 1-800-830-7175

From $209,900 Call From $269,900 From $399,900 From $184,900 Call From $149,900 From $239,900 From $508,000 Call From $242,900

Penthouse (PH)

Real Estate Sales & Marketing From the ground up

Live Work (LW)

City Home (CH)

PROJECT

COQUITLAM 1123 Westwood Amberleigh Austin Bloom Breeze Residences Burke Mountain Heights Carte Blanche Cedar Creek Celadon House Charland Como Easton Emerson Evergreen Farrington Park Grand Central 3 Hazel Kingston Maya Mackin Park MTwo MThree Oasis Regan’s Walk Riley Secret Ridge Somerton Sterling Tamarack Wynwood

HR SF HR LR/TH TH SF SF TH HR LR LR LR LR HR TH HR LR SF LR LR HR HR HR LR TH DP SF SF LR TH

C O N TA C T

PRICE

604-472-1123 604-514-4359 604-931-0302 604-939-8808 604-374-4329 778-285-6299 604-461-7777 604-880-1880 604-942-8416 ledmac.com/charland 604-939-0018 604-936-2012 604-936-9300 604-942-2672 604-464-7985 604-936-1888 778-829-1500 604-514-4359 604-288-9888 604-939-8874 604-472-9555 604-472-9555 604-464-2701 reganswalk.ca 604-468-7688 secretridge.ca 604-469-8581 604-464-2260 604-552-3003 604-942-2239

Call Coming Soon From low $200’s $264,000 From $399,900 From Low $700’s Call From $419,900 Coming Soon Call From $208,800 From $339,900 incl. all tax Call From $267,900 From $389,900 From $299,900 From $220,500 Coming Soon Call From $199,900 From $599,900 From $281,900 Call Coming Soon From $349,900 Coming Soon From $699,900 From $689,900 From $309,900 From $349,900

LR

604-940-5533

From $324,900

DELTA LADNER Canu NORTH DELTA Atria Lakeside Luxor South Pointe TSAWWASSEN Tsawwassen Heights Tsawwassen Shores Tsawwassen Springs

LR TH LR SF

778-565-3879 604-585-7107 604-590-8003 604-584-2908

Call From Low $600’s From $199,900 From $699,900

SF SF SF/LR

604-271-7288 604-943-6677 604-948-HOME

Call From $489,900 Call

LANGLEY Ascot Athenry Gate Bearing Pointe Charleston Place Cornerstone Elements Focus Hart Kensington Nature’s Walk Outlook Serenade Varsity Virtue Winchester Estates York Yorkson Creek Yorkson South

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

604-571-6400 604-882-8857 604-530-7011 604-534-7974 604-534-6000 604-533-7718 604-568-3385 604-568-3385 liveatkensington.ca 604-888-8370 604-888-8778 604-635-0643 604-539-2200 604-534-6800 604-533-1886 604-568-3385 yorksoncreek.com 778-785-1673

From Low $600’s From $137,500 From $194,900 Coming Soon From $169,900 From $159,900 Coming Soon Coming Soon Coming Soon Call Call From $309,900 From $139,900 From $279,900 From $299,900 From $299,900 From $179,900 From $440,000

High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

Loft (LO) Duplex (DP)

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 HOME GUIDE | AUGUST 9 - 23, 2013

TYPE

TS

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 PROJECT

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

MAPLE RIDGE 223 North LR 604-463-0588 From $139,900 Cascada LR 604-318-5254 Coming Soon TH 604-351-3261 Call Cottonwood Ridge LR 604-466-8783 From $149,900 Edge on Edge Falcon Centre LR 604-477-1500 Call Forest Hills SF 604-575-5262 Call Hampstead at Silver Ridge SF 604-466-9278 From $459,900 TH 604-476-1188 From $306,900 Kanaka Creek Mainstone Creek SF 604-463-5000 Call Maple Creek TH 604-942-0606 From $469,900 LR 604-467-8884 Coming Soon Parc Vue SF 604-999-2452 From $489,900 Pointe, The SF 778-237-5713 Call Spencer’s Green Springside SF 604-465-6886 From $396,900 Village Green TH villagegreenlife.ca Coming Soon SF 604-466-6388 Call Wynnridge MISSION / HARRISON Fraser Landing TH 1-888-826-1177 Horizons TH 1-888-826-1177

From $249,900 From $319,800

NEW WESTMINSTER 258 on Sixth HR 604-377-9630 Call TH 604-779-1292 From $349,900 Alexander Walk Brewery District HR 604-694-1188 Coming Soon HR 604-523-0733 Call Carlyle at Victoria Hill HR 604-525-8980 Call Dominion Elliot St HR 604-524-8080 From $224,900 English Mews TH 604-517-1688 From $329,900 Flow TH 604-520-9880 From $508,900 Glass House Lofts LR 604-520-9890 Call Grove, The LR 604-523-0733 From $266,900 Northbank HR 604-523-0081 From S261,900 Parkside HR 604-523-0733 Call Rivers Walk TH 604-533-3575 From $469,900 Thompson Landing SF 604-520-3226 From $476,900 Trapp & Holbrook HR From $299,900 Viceroy LR 604-522-2583 From $321,900 NORTH VANCOUVER 15 West HR 604-980-9949 From $340,000 221 East 3rd LR Coming Soon 700 Marine Drive LR/LW 604-984-0700 From $299,000 Atrium at the Pier MR/TH 604-983-9065 Call Canyon Springs LR 604-973-0298 Call Capstone MR 604-929-8870 Call Destiny 2 at Raven Woods LR 604-929-1915 From $289,900 Drive, The LR 604-986-8138 Call Heywood on the Park LR heywoodliving.ca Coming Soon Kimpton, The LR 604-988-3020 From $359,900 Landing, The MR 604-983-9065 Call Latitudes TH 604-435-9477 From $469,900 Local on Lonsdale HR/LR/TH 604-998-0219 From $309,900 Maplewood North LR 604-727-1594 From $378,900 Orizon LR 604-638-6240 From $309,900 Northlands LR/TH 604-800-2120 Call Pinnacle Residences at the Pier MR 604-983-9065 Call Prescott HR 604-969-3333 From S248,900 Remix LR 604-924-4488 Call Seylynn Village HR seylynn.ca Coming Soon Versatile Building, The HR 604-924-5595 From $299,900 PITT MEADOWS Cedar Downs LR 778-846-3200 From $194,900 Liv42 LR 604.460.6601 From $134,900 Solaris at Meadows Gate HR 604-460-8998 Call Penthouse (PH)

Live Work (LW)

City Home (CH)

PROJ ECT

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

PORT COQUITLAM Avanti LR 604-468-2707 From $215,800 Burleigh Walk LR 604-464-5856 From $199,000 Carmandy LR 604-435-9477 From $209,900 Citadel Heights SF 604-468-2169 From $789,900 TH 604-469-8988 Call Dominion Freemont Blue TH 604-552-0319 From mid $300’s La Via LR 604-475-5100 Coming Soon Orchid LR 604-866-4206 From $149,900 HR 604-468-8252 Call Shaughnessy, The South Verde LR 604-468-8640 Call Valorie on the Park LR 604-464-4764 From $175,000 PORT MOODY Residences, The HR 604-552-0552 Call Station, The TH thestationliving.ca Call RICHMOND Alexandra Gate TH 604-274-7326 Call Altis HR 604-231-0588 From $298,800 Bravo HR 778-297-6222 From $298,800 Camber LR/HR 604-276-0677 Call HR 604-244-7721 From $469,900 Carrera Concord Gardens HR 604-233-7748 From $252,800 Emerald HR/TH 604-244-8333 From $296,000 Empire Living TH 604-244-9622 Call Gardens, The LR 604-271-3331 From $254,900 Harmony HR 604-278-3939 From $288,800 Mandarin MR 604-233-1687 From $299,900 Monet HR 604-233-7748 From $288,900 Nova HR 604-278-8883 From $370,900 Opal at Richmond Centre HR 604-303-7575 From $464,900 Ora HR 604-278-8838 Call Orchard LR 604-303-8819 From $259,900 Parc Riviera LR/TH 604-231-5900 Call Parc Riviera TH 604-231-5900 Call Pier, The LR 604-274-7326 Call Remy LR 604-279-8866 From $211,900 Quintet HR 604-247-8885 Call Riva LR 604-278-8838 Call River Green MR/TH 604-233-2633 Call River Park Place HR 604-282-7838 From $299,900 Saffron LR 604-270-2482 Call South Arm Garden TH 604-274-7326 From $548,800 Southpointe Cove TH 604-273-2828 Call Westminster Terrace TH 604-204-1077 Call SQUAMISH / WHISTLER Elaho TH 604-898-2232 Ocean Crest SF 604-896-2235 Ravens Plateau SF 1-888-852-7575 Aqua TH/LR 1-877-344-5566 Streams at Eaglewind TH 1-877-892-5888 University Heights LR 1-888-852-7575 SURREY Atria Ashbury Hill Ascend Balance Bishop Creek Boardwalk Canvas Citypoint Connect Edge Edgewood High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

LR TH LR LR TH TH TH HR LR LR TH

Coming Soon From $1,298,000 Call From $239,000 From $405,000 Call

778-565-3879 Call ashburyhill.com From High $200’s 604-596-2202 From $170’s tiensher.com Coming Soon 604-588-0005 From $339,900 604.506.1852 From $341,900 liveatcanvas.com Coming Soon 604-580-4199 $186,900 778-395-1886 From $118,800 778-395-7704 Call 604-644-7811 From $344,900

Loft (LO) Duplex (DP)

AUGUST 9 - 23, 2013 | METRO VANCOUVER NEW HOME GUIDE 73

PROJECT

Enclave at Boundry Park English Mews Esplanade at Waterstone Eton Fusion G3 Residences Guildford Greens Highlands at Sullivan Ridge Joy Living Kendra Latis Latitude Lingo Links, The Lumina Madison Manarola Monterosso Oliver’s Lane Panorama Station Panorama West Village Panorama Woods Park Avenue Park Place Quattro 3 Rockwoods, The Silverwood Teo Hyland Residences Ultra at West Village Vantage Verve The Walks Wave CLOVERDALE Cadence Clayton Heights Clayton Rise The Grove Grove at Cambridge, The Highgrove at Provinceton Hillcrest La Rue MacKenzie Estates One92 Sun 72 Salix Sunset Grove Uptown Clayton Village

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

TH 604-657-3709 From $349,900 TH 604-517-1688 From $329,900 LR 604-530-5399 From $219,900 TH etonliving.com From Low $300’s TH 778-578-9779 From $350,000 HR 604-453-6688 Call TH 604-307-0400 From $349,900 SF 778-565-7768 From $669,900 TH 604-574-8888 From $339,000 TH 604-590-9122 From $329,900 LR 604-575-0669 From $194,900 LR 604-596-5075 From $264,900 LR 604-727-5478 From $159,900 SF 778-574-2550 From High $600’s LR 604-760-7672 $274,900 TH 604-543-6262 From $323,000 LR 604-825-1038 From $179,900 Incl. GST LR 604-596-8828 From $249,900 SF 604-543-3868 From $489,900 TH 604-372-2275 From $299,800 TH 778-885-6700 Call TH 778-593-9954 From $329,900 HR 604-583-9866 250 Homes Under $250 HR 604-583-9866 Call LR 604-581-8000 From $159,900 TH 604-503-1188 Call TH silverwoodliving.com From Low $300’s TH 604-288-8918 From $299,900 TH/HR 604-588-6999 From $186,900 SF/TH 604-579-0247 From $345,900 LR 604-588-3783 From $160’s CG/TH 604-440-8070 Coming Soon HR 604-951-9283 Phase 2 Coming Soon

SF 604-760-7672 From $689,900 TH/DU 604-723-4497 From $549,900 TH 778-278-0030 Call TH 604-533-6968 From $275,900 TH 604-597-7177 Call SF 604-888-8758 From $599,900 TH 604-575-5569 Call TH 604-575-2263 From $304,900 TH 604-538-2125 From Low $300’s LR/TH 604-576-1772 From $169,000 TH 604-575-8806 From $292,900 LR 604-530-0054 From $241,900 LR 604-532-7711 From $211,900 TH 778-574-0146 From $339,900

VANCOUVER & AREA DOWNTOWN 999 Seymour HR 604-879-9996 From $327,400 HR 604-899-8800 From $869,900 Alexandra Fairmont Pacific Rim Estates HR 604-781-4303 Call Keefer 188 LR 604-620-2018 From $239,900 Keefer Block LR 604-682-8813 From $269,900 HR 604-669-8200 From $389,900 Maddox Mark, The HR 604-687-4353 Call Modern HR amacon.com From $300’s One Pacific HR 604-899-8800 Coming Sonn HR 604-685-0855 From $349,900 Pacific Pt Ritz, The HR 604-876-9222 Call Rolston, The HR 604-688-8927 Call Sapphire, The HR 604-876-9222 Call EAST SIDE 238 W Broadway LR 238westbroadway.ca Call LR 604-800-8862 From $269,900 2nd & Commercial Avant TH 604-298-2240 From $600,900 Block 100 HR 604-682-8801 Call Bohème LR 604-569-3388 From $227,900 Central HR 604-687-4353 Call Charm LR 604-330-8838 From $266,900 Jeffs Residences, The TH 604-558-1907 Call Penthouse (PH)

Live Work (LW)

City Home (CH)

PROJECT

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

Latitude TH 604-377-1362 From $688,000 Local LR 604-688-5527 From $349,900 Main Street LR 604-877-1116 From $339,900 Majestic On Main LR/TH 604-657-5362 From $347,500 Shine MR 604-261-3936 Coming Soon Shoreline LR 604-434-2205 From $399,900 Skyway HR 604-436-1100 Call MR 604-683-0900 From $249,900 Wall Centre 900 Hastings Wall Centre Central Park HR 604-874-9232 From $299,900 Woodshire TH 604-719-1700 From $420,900 WEST SIDE 6 & Fir HR 604-899-8858 From $449,900 700 West 8th HR 604-714-2213 From $819,900 5555 Dunbar LR 604-568-7551 From $349,900 Academy HR 604-228-8895 From $528,000 TH/Flats 604-600-5405 From $269,900 Alder Crossing TH Coming Soon Anchor MR 604-738-0001 Call Arbutus Ridge TH 604-600-8790 blancmodern.com Blanc HR/TH 604-568-5060 Call Cambie & 7th Collection 45 LR 604-569-1555 Call TH 604-652-2515 Call Crescent on McRae, The Elizabeth LR 604-877-1722 Call LR 604-716-0483 Call Exchange Kits360 LR 604-737-0360 From $379,900 Lido HR 604-872-2672 From $458,900 LR 604-893-8378 From $262,900 Maynards Block, The MC2 HR 604-638-9998 From $256,900 604-876-8819 From $349,900 Meccanica MR Montgomery TH 604-369-6641 From $985,800 Oak by Listraor TH liveatoak.com Coming Soon One, The MR/HR 604-874-8368 From $349,900 Opsal HR 604-876-7332 Call Pinnacle Living Broadway MR 604-739-2080 From $399,900 Prelude MR 778-986-7860 From $347,500 Radius ledmac.com/radius Coming Soon Riley, The LR 778-986-7860 From $347,500 Shannon Wall Centre Kerrisdale LR 604-267-8882 Call Sixth and Willow sixthandwillow.com Coming Soon Village on False Creek, The MR 604-874-8368 From $414,500 Westerly, The LR 604-568-3399 From $300,000’s WEST VANCOUVER Evelyn LR 604-922-0330 Call WHITE ROCK / SOUTH SURREY Abbey Road TH Adagio LR Augusta TH Avra HR Belcroft, The TH Blu TH Breeze TH Gemini LR Granview Heights TH Headwaters LR Heights, The TH/LR Juniper SF Laureates TH Morgan Crossing LR Newport at West Beach LR Niche TH Promenade LR Royce LR Saltaire LR Sausalito MR Southbrooke SF Summerfield SF Toccata TH Wills Creek TH Winter Street LR High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

604-542-0660 From $359,900 604-531-6659 From $288,900 liveataugusta.ca From $429,900 604-531-9030 From $319,900 604-568-8830 From $599,900 604-782-5258 From $599,900 604-582-1113 Call 604-536-1663 Call discovergranviewheights.com 604-535-1451 $313,500 778-545-8737 From $337,000 liveatjuniper.ca From $769,000 604-451-8092 From $379,900 604-582-1336 From $275,900 604-536-0256 Coming Soon 604-535-5511 From $351,900 604-531-1111 From $314,900 604-538-8028 From $339,000 ledmac.com/saltaire Call 604-531-2200 Call 604-805-2941 Call 604-536-1155 From $684,900 604-535-5088 $379,900 604-542-8971 From $539,900 604-364-7455 From $299,900

Loft (LO) Duplex (DP)

www.macmarketingsolutions.com We sell the homes you want to buy. /MacMarketingSolutions 74 METRO VANCOUVER NEW HOME GUIDE | AUGUST 9 - 23, 2013

@MAC_Marketing

/MACMSTube

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105 AVE

100 AVE

156 ST

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104 AVE