FEB 3 - 17, 2017 VOLUME 2, ISSUE 3, FREE
METRO VANCOUVER EDITION
INSIDE THIS ISSUE
3 REASONS AMERICANS WON’T BE BUYING UP CANADIAN HOMES
SMALL BUT SWEET: THE HOMEBUYER’S MANTRA FOR 2017
STYLE FILE: 7 LUXE LOOKS THAT WON’T BREAK THE BANK
1, 2 & 3 Bed Homes Westside, Vancouver
Sold Out
2 & 4 Bed Homes Port Coquitlam
Sold Out
2, 3 & 4 Bed Rowhomes South Surrey
Half Gone. Last Half Now Available
mosaichomes.com
604.538.8695
SAVE UP TO
$20,000 ON SELECT HOMES* 2 + 3 BEDROOMS
*Ask sales staff for details
COMING SOON
HW Y1
82 AVE
80 AVE
6 YPNEXTHOME.CA
208 ST
200 ST
84 AVE
CAN
ADA
80 AVE
HW
Y
208 ST
200 ST
NS-
72 AVE 68 AVE 64 AVE
210 ST
TRA
contents FEBRUARY 3 – 17, 2017 | VOLUME 2 ISSUE 3
18
ON THE COVER
Max Collection at River Green: Your villa in the sky project profile
+ online NEIGHBOURHOOD
HOME SEARCH MAPS
MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING
Define your future
trending
14
LOOK FOR THE CIRCLE
17
by Wayne Karl
44 Condo news
Vancouver’s pre-sale condo market is hot to trot
Housing market
Problematic housing market conditions for second consecutive quarter
by Lydia McNutt
50 Housing market
Vancouver ranks third mostexpensive city in the world
Mortgage news
CMHC to increase mortgage insurance premiums, again by Wayne Karl
10 YPNEXTHOME.CA
Three reasons Americans won’t be buying up Canadian homes
42 Harvest at Bose Farm
WITH
DYNAMIC
34 Immigration
72
Bank of Canada
Interest rate holds steady
+ plus TRI-CITIES BEST VALUE - REGISTER TODAY
advice
28
Condo sense
Condo trends in 2017 by Cameron McNeill
38
News and views
VICE PRESIDENT & CHIEF PUBLISHING OFFICER
Caroline Andrews
TRI-CITIES BEST VALUE - REGISTER TODAY
Exercise enthusiasts will find hiking and cycling paths extending in every direction. Nearby there’s an abundance of recreation centres, libraries, schools, and easy transit connections — including the brand new Evergreen SkyTrain line and West Coast Express. And when you do need to head into Vancouver, it’s a bridgeless commute whether you choose Lougheed Hwy, the No. 1 Hwy via Mary Hill Bypass, or prefer the scenic Barnet Hwy through Burnaby. And when you feel like challenging your taste buds, the sheer diversity of ethnic cuisines may leave you breathless: Asian, Thai, Mediterranean, East Indian, and traditional favourites like Earl’s and Papa John’s Pizza. Grab your significant other and check out a flight of hoppy, new flavours at one of the many craft beer hotspots such as Burke Beer House or the Gillnetter Pub.
PUBLISHER & GENERAL MANAGER
Shawn Woodford
SPECIAL INSERT
DON’T MISS OUT Parc East is now taking priority registration at ParcEast.ca. Presentation centre opens soon on Wilson Avenue. In order to receive more information, be sure to register now so that you are on the VIP list. Once you are registered, you will receive an invitation to Parc East’s exclusive viewing event where you will have a chance to purchase at special VIP pricing.
Location
Eastern Tri-Cities Development
Parc East
Small but sweet: The homebuyer’s mantra of 2017 Home Type
DIRECTOR OF SALES
Moe Lalani SENIOR MANAGER, CONTENT
Jennifer Reynolds
Lowrise
Sales Centre
120 – 2255 Wilson Avenue, Port Coquitlam Contact
parceast.ca
46
SENIOR EDITOR
by Lydia McNutt
Parc East
Mind over mortgage
Tri-Cities best value coming this spring
A little help for first-time homebuyers
Lydia McNutt ART DIRECTOR
Megan Pike CONTRIBUTING EDITORS
by Alisa Aragon
Sonia Bell Wayne Karl Elisa Krovblit
inspiration
62
CONTRIBUTING WRITER
Designer advice
Susan M Boyce
Seven luxe looks that won’t break the bank
DESIGN EDITOR
Yanic Simard
by Yanic Simard
MEDIA CONSULTANTS
in every issue
Dave Bird 604.319.7102 Ricardo Hernandez 604.319.7103
12
SALES COORDINATOR
Editor’s note
Justin Salvador
30 Neighbourhood profile
PRODUCTION MANAGER
UTown@UBC
Helen Pearce
by Michelle Hopkins
51
GRAPHIC DESIGNER
What’s online
Miguel Cea
More stories, videos and photos
PRODUCTION CO-ORDINATOR
Hannah Yarkony
56 Hot properties
Find out what’s new and hot in Metro Vancouver’s real estate marketplace
Published by
62
by Susan Boyce
73
Listings Directory
+ plus
district maps
16
EXCLUSIVE GRAND OPENING COMING MARCH 4TH
Richmond
22 Vancouver
Mill District enjoys a premier parkside location in Abbotsford’s Mill Lake neighbourhood. Peaceful and connected, nature is at your doorstep with urban conveniences just steps away. Intelligently designed and impeccably crafted, Mill District brings a new level of sophistication to every living.
SPECIAL INSERT REGISTER TODAY
MillDistrict.ca | 604.621.5888 PRESENTATION CENTRE – COMING SOON 33323 South Fraser Way, Abbotsford BC Sales and Marketing by MLA Canada Realty. This is not an offering for sale. Any such offerings may only be made with a Disclosure Statement. E.&O.E.
32
Tri-Cities
36
Burnaby/New Westminster
40 Surrey/Langley
Mill District
58 South Surrey/White Rock
Intelligent design. Impeccable craftsmanship.
66 North Shore/Squamish 72
Maple Ridge/Pitt Meadows
4180 Lougheed Highway Suite 102 Burnaby BC V5C 6A7 T 604.519.6080 F 604.519.6088 ypnexthome.ca ADVERTISING Call 604.519.6080 for rates and
information.
CIRCULATION Highly targeted, free distribution system
aimed at real estate buyers using street level boxes and racking, plus door-to-door insertions in key audience segments. COPYRIGHT 2017 Copyright covers the contents of this publication and prevents reproduction in whole or in part; offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher. The publication, the publisher and the printers shall not be responsible for any typographical errors, mistakes, misprints, spot colouring or any information or lack of information furnished by the advertisers. Yellow Pages NextHome is a trademark of Yellow Pages Group Co. in Canada. EDITORIAL Editorial submissions from interested parties will be considered. Please submit to the editor by email to Lydia.McNutt@ypnexthome.ca. The views and data expressed by columnists do not necessarily represent those of the publication
11
Editors’ Notes
It pays it buy early in the construction process YET AGAIN, CANADA’S RISING HOME PRICES are making world headlines.
LYDIA MCNUTT Senior Editor Yellow Pages NextHome Email: Lydia.McNutt@ypnexthome.ca Twitter: @LydiasTweets
Canada Mortgage and Housing Corp. has issued a warning for the second consecutive quarter, that overvaluation and the rate of price growth of homes are putting Canada’s economy at risk – particularly in Vancouver and Toronto. Earlier that same week, these two cities also made the news with their ranking among the world’s priciest housing markets – Vancouver taking third place worldwide, and Toronto coming in ninth. Every time I read the real estate market reports and monthly sales statistics, I ask myself: how can first-time homebuyers get their foot in the door? Worry not, there’s a solution looming on the horizon – literally, in the form of new construction. If you’re looking for increased affordability and have some time on your hands, look to the pre-sale housing market – condo, lowrise or otherwise. Oftentimes, builders will offer pre-construction pricing to help kick-start sales and get the shovels in the ground. Aside from that initial break on the bottom line, the buyer also builds equity on their new home, simply by virtue of patience. From the time you buy your house or condo to the time you get the keys, which can take a couple of years, you’ll have earned a good chuck of equity on your initial investment. When all is said and done, Canadian real estate has historically been a good financial investment. Ask your parents how much they paid for their home 30 years ago, and compare that to what it’s worth today. How’s that for incentive to buy?
UTOWN@UBC
SEE MORE PHOTOS ONLINE
UTown@UBC is a collection of five neighbourhoods, each with its own distinct character and all offering a mix of housing options. Located within the University Endowment Lands, its total land base is 14.13 square kilometres, of which about half is made up of Pacific Spirit Regional Park. Read the full story… nexthome.yp.ca/utown@ubc
+ get social 12 YPNEXTHOME.CA
Interact with us on social media: ypnexthome
Trending
Problematic housing market conditions for second consecutive quarter FOR THE SECOND CONSECUTIVE QUARTER, Canada Mortgage and
Housing Corp. (CMHC) is calling attention to problematic housing market conditions nation-wide. The national housing agency attributes the elevated risk rating to overvaluation and price acceleration in Vancouver and Toronto, where strong price growth has been sprawling into neighbouring cities like Hamilton and Victoria. House prices in Canada rose seven per cent year-over-year by the end of the third quarter last year, after adjusting for inflation. Interestingly, removing Ontario from the equation would have resulted in flat prices. This analysis is the result of insight from CMHC’s quarterly Housing Market Assessment (HMA), CMHC’s HMA examines the largest 15 housing markets across Canada, and identifies problematic conditions based on four key factors: overheating, when sales outpace new listings on the market; the rate of home price growth; overvaluation of homes; and overbuilding when the rental market vacancy rate and/or the inventory of new builds that are unsold is elevated. The HMA serves as an early warning system, alerting Canadians to areas of concern that are developing in our housing markets, so that action can be taken in a way that promotes market stability. HMA Highlights • Overvaluation and overbuilding remain the most prevalent problematic conditions observed across the 15 centres.
14 YPNEXTHOME.CA
• Overvaluation and overbuilding are detected in 8 centres. • Evidence of problematic conditions has increased in Victoria since the previous assessment due to moderate evidence of price acceleration and overvaluation. • Evidence of problematic conditions has decreased in Calgary since the previous assessment as some housing markets in oil-dependent centres are now rebalancing. • Strong evidence of problematic conditions continue to be detected in Vancouver, Toronto, Regina, Saskatoon and Hamilton. • Evidence of problematic conditions in Ottawa and Atlantic Canada remains weak.
“We continue to detect strong evidence of problematic conditions in Canada,” says Bob Dugan, chief economist at CMHC. “Price acceleration in Vancouver, Victoria, Toronto and Hamilton indicates that home price growth may be driven by speculation as it is outpacing what economic fundamentals like migration, employment and income can support. For this reason, home buyers should ensure that their purchases are aligned with their needs as well as the long-term market outlook.”
MORE TRENDING ONLINE ypnexthome.ca/news
Now Selling! Single Family Homes Available from just $349,900* Ask about our Master on Main Plans!
Actual Site Photo
Nature Is Your Neighbour Creekside Estates is a Master Plan Community of just
kitchens, truly the heart of your home. At Creekside
30 exclusive Single Family Home opportunities, many
Estates nature is your neighbour with endless year round
withthe master bedroom located on the main floor, on
recreation, fishing, hiking, biking, and quad trails. Only
beautiful Silver Hope Creek just outside the hustle and
minutes to schools, shopping, and all the amenities
bustle of Hope, yet close to everything you need. Choose
that Hope has to offer. Easy freeway access and only
from two and three bedroom home layouts all with
30 minutes to Chilliwack.
double car garages included, and experience the gourmet
Ex
it 1 6
Exit 170
8
creeksideliving.ca
Hop e Rd Silv er H ope Rd
Silver v Rd
Floo d
63650 Flood Hope Rd
View Our Full Display Home Open Thursday – Sunday 12–5pm
604-750-0281 Prices quoted exclude GST and are subject to availability at time of visit and/or to change without notice. In our continuing effort to improve and maintain the high standard of the Creekside Estates development, the developer reserves the right to modify or change plans, specifications, features and prices without notice. Materials may be substituted with equivalent or better at the developer's sole discretion. All dimensions and sizes are approximate and are based on preliminary survey measurements. As reverse plans occur throughout the development please see architectural plans if material to your decision to purchase. Renderings are an artist’s conception and are intended as a general reference only. E.&O.E.
99
R IVE
R IV
ER
KNIGHT ST
Richmond | Delta | Ladner | Tsawwassen VANCOUVER INTERNATIONAL AIRPORT (YVR)
DR
NO 3 RD
A1
Richmond Hwy
ALDERBRIDGE WAY
RICHMOND NATURE PARK
91
RICHMOND CENTRE
96 AVE
Westminster Hwy 116 ST
NO 4 RD
A2
GRANVILLE AVE
RICHMOND
CAMBIE RD
LANSDOWNE PARK MALL
A4
WESTMINSTER HWY
NO 6 RD
CAMBIE RD
NO 5 RD
SHELL RD
W AY R KE RU
SS
BA
A3
GARDEN CITY RD
BRIDGEPORT RD GRANT MCCONACHIE WAY
R DR
N O R T H D E LTA
GRANVILLE AVE
90 AVE 112 ST
99
EL RD
N
O
M
O
N
IC A
MONROE DR
CHALM E R S PAR K
OR
DE LTA NATU R E R E S E RVE
S P LAS H D OW N PAR K
55
6511 Buswell St ellerichmond.com
A4. RIVER PARK PLACE
RD
BU
VE
55 ST
53A ST
52 ST
No 5 Rd. and Steveston Hwy. 604-271-3331
ST
C OAST TSAW WAS S E N I N N
TSAW WAS S E N GOLF CLU B
A3. CALLA AT THE GARDENS
G RAU E R PAR K
18 AVE
75A AVE 74 AVE
62ND B ST
17
17
Oval Village riverparkplaceliving.ca
RN
SD
R
B EACH G ROVE GOLF C OU R S E
N KSO
RD
W
8A AVE
8A AVE
ARTH
CE M ETE RY
Y WA
56 ST
ER
R IV
JAC
48TH AVE
AVE 47TH12 A AVE
53A ST
ENGLISH BLUFF RD
12 AVE
SOUTH DE LTA PAR K
BOU N DARY BAY R EG IONAL PAR K
BE
AC H
GR
OV E
41ST B ST
U R DR
WWW.THEAGENCYREM.COM
RO AD
604-453-6600
INFO@THEAGENCYREM.COM
53RD ST
PROJECT SALES AND MARKETING PROFESSIONALS @THEAGENCYREM
6TH ST
28TH AVE 16 YPNEXTHOME.CA
78B AVE
T S AW WA S S E N
R
NO 3 RD
DEAS ISLAND REGIONAL PARK
RI
A2. ELLE
72 AVE
113 ST
5111 Hollybridge Way 604-233-2633
5550 Admiral Way FINN RD 604-946-8812
B1
115 ST
R
A1. RIVER GREEN
B1
D RR
75 AVE
ED
NEW CONDOS:
B1. FAIRWINDS
E
R IV
YM RR
DR
80 AVE
BA
DELTA
ive r
se rR Fr a
NO 5 RD
NT A
119A ST
NO 4 RD
SA
91
82 AVE
116 ST
NO 3 RD
MACK I E PAR K
BL VD
118 ST
GILBERT RD
E
56 ST
RICHMONDMONCTON ST
GARRY POINT PARK
84 AVE
112 ST
NO 2 RD
80 AVE
IR
Steveston Hwy
52 ST
Steveston Hwy
I LT SH
y
RAILWAY AVE
NORTH DE LTA PAR K
W
is Hw
SOUTH ARM PARK
c Anna
WILLIAMS RD
NORDEL WAY
NO 1 RD
FRANCIS RD
SCOTT RD
FRANCIS RD
W AY
R
NO 6 RRD IV E
RD
BLUNDELL RD
/THEAGENCYREM
Trending
CMHC to increase mortgage insurance premiums, again By Wayne Karl
CANADIANS ARE ABOUT TO FACE yet
another potential home-buying hurdle, as Canada Mortgage and Housing Corp. (CMHC) has announced that it is increasing its homeowner mortgage insurance premiums effective March 17, 2017. Unlike the latest changes to mortgage regulations, announced late last year, this newest round is expected to have a minor impact. CMHC says the higher premium will result in an increase of just $5 to the monthly mortgage payment of the average CMHC-insured homebuyer. “We do not expect the higher premiums to have a significant impact on the ability of Canadians to buy a home,” says Steven Mennill, senior vice-president, Insurance. “Overall, the changes will preserve competition in the mortgage loan insurance industry and contribute to financial stability.” “The increase in premiums for high ratio mortgages will have a minor effect on the average Canadian,” James Laird, co-founder of RateHub and president of CanWise Financial, told YPNextHome. “Relative to the rule changes that were implemented in late 2016, this is not a major change. Premiums will be increased for all of those Canadians with less than 20 per cent down, but these premiums are added on to the mortgage and paid off over the life of the mortgage, so the cash required on closing does not change. This change specifically will not impact the borrowing habits for the majority of high ratio clients.” Using RateHub’s mortgage payment calculator, based on an average home price of $730,472 with a minimum down payment of 6.6 per cent (or $48,047), the current premium is 3.6 per cent of the mortgage amount (purchase
price less down payment). For that mortgage amount of $682,425, the CMHC premium is $24,567. With the new premium at four per cent of mortgage amount, the CMHC premium becomes $27,297 – an increase of $2,730. This translates to a mortgage payment increase of approximately $12 per month (based on today’s best rate of 2.44 per cent, amortized over 25 years). If that buyer has an 18-per-cent down payment, the total down payment would be $131,485. At the current premium of 1.8 per cent of the mortgage amount, that buyer is paying $10,782 in CMHC insurance. At the new premium of 2.8 per cent of the mortgage amount, the CMHC premium becomes $16,772 – a $5,990 difference for that buyer. This translates to a mortgage payment increase of approximately $27 per month (based on 2.44 per cent amortized over 25 years), RateHub says. Capital requirements are an important factor in determining mortgage insurance premiums. The changes
reflect the Office of the Superintendent of Financial Institutions’ new capital requirements that came into effect on Jan. 1 of this year that require mortgage insurers to hold additional capital. Capital holdings create a buffer against potential losses, helping to ensure the long term stability of the financial system. Prior to the mortgage rule changes... • The average CMHC-insured loan was approximately $245,000. • The average down payment was approximately eight per cent. • The average gross debt service ratio (GDS) was 25.6 per cent. To qualify for CMHC insurance, a homebuyer’s GDS should not exceed 32 per cent of their total monthly household income. Premiums are calculated based on the loan-to-value ratio of the mortgage being insured. The premium can be paid in a single lump sum but more frequently is added to the mortgage principal and repaid over the life of the mortgage as part of regular mortgage payments.
MORE TRENDING ONLINE ypnexthome.ca/news
FEBRUARY 3 - 17, 2017 | NEW HOME & CONDO GUIDE 17
Property Profile | MAX COLLECTION AT RIVER GREEN
cover story
Max Collection at River Green Your villa in the sky ELEGANT AND INVITING, the River Green neighbourhood has been dazzling homebuyers since its inception. Brought to you by Aspac, the developer who defined Vancouver’s iconic Coal Harbour neighbourhood, this is a master-planned community with a style all its own: sophisticated, world-savvy, and definitely a celebration of luxury. Now there’s a whole new way to experience this extraordinary lifestyle. Introducing the Max Collection: unique homes that take urban living to new heights. Here, you’ll be able to enjoy life to the max with spacious residences that live like a single-family house, jaw-dropping views, and a location that puts you close to everything. 18 YPNEXTHOME.CA
location adjacent to the Fraser River, every home in the Aspac Max Collection offers direct views of the river, the North Shore Mountains and open sky. There’s no question that enjoying sunsets will become a treasured part of your life here — just like standing at the prow of a luxury cruise ship while savouring the fresh, water breezes.
Live life large
Experience delight
When it comes to luxury living, size matters – and the Max Collection delivers. These homes are large, three- to fourbedroom-plus-den units from 1,850 to 3,250 sq. ft., and boasting private decks from 520 to 2,600 sq. ft. “For homeowners who are used to living in a neighbourhood like Shaughnessy or Point Grey, it’s the perfect way to take the next step, now that the kids have grown up and moved on with their own lives,” says Simon Lo, 2 River Green’s sales director. “It’s true five-star luxury and an amenityrich strata lifestyle — which is why we say these homes are like villas in the sky.” Then you’ve got the views — they are, in a word, dazzling. Thanks to its
Inside, Max Collection residences feature all the exquisite finishings that reflect Aspac’s commitment to continuing the tradition of excellence the company created and developed in Coal Harbour. Kitchens are custom-built in Italy by Cesar and are exclusive to River Green. No detail has been overlooked here: stateof-the-art Miele and SubZero appliances, Le Mans swivel shelves in lower corner cabinets, Caesarstone countertops, even an enclosed preparation kitchen with its own Miele stove (as per plan). Master suites easily accommodate not only a king-sized bed but also night tables and an armchair for mornings when you just feel like curling up with coffee and a
Location
Richmond Developer
Aspac Developments Ltd. Development
2 River Green Home Type
Condominium Sales Centre
5111 Hollybridge Way, Richmond Contact
rivergreen.com or 604.233.2633
good book. Resplendent in polished stone tile, your ensuite has in-floor heat plus a free-standing soaker tub in addition to a frameless glass shower. It’s like having your own private spa.
Celebrate life Amenities, too, are astonishing at River Green — a shining example of Aspac’s commitment to bring five-star living to every homeowner in every new community they build. The grand, hotel-inspired lobby features 24-hour concierge, bold use of marble, and pillars wrapped in geometrically aligned woods that transform structural elements into artistic highlights. There’s a lavishly landscaped courtyard with
sparkling water garden, sundecks that appear to float on the water, and comfortable seating where homeowners can pause to reflect and recharge. Interior amenities include a hotelinspired pool, whirlpool, steam room and sauna, fitness facility with state-of-the-art equipment, and a tranquil yoga area. The musically inclined will be able to practice on the piano or bring an instrument of their choice to the acoustically insulated music room. There’s also a private theatre room, clubroom with large-screen TV and chef’s kitchen, an outdoor entertainment terrace, and a quiet study room with full Wi-Fi — perfect for business meetings too. “Yet another feature that sets the River Green community apart is the private
shuttle bus ready to take owners to destination like Richmond Centre or the Canada Line for connections to downtown Vancouver,” Simon says. “It’s like having your own limousine service right at your front door.” And when you feel like a leisurely, après dinner stroll, the 38-kilometre dike trail is just steps away. Or grab your favourite two-wheeler from your private bike locker and head off for fish’n’chips in Steveston. Plus there’s the 23,000 sq. ft. Olympic Oval right next door. In short, your fitness options seem endless. To find out more about the Max Collection homes at 2 River Green, visit rivergreen.com or call 604.233.2633. FEBRUARY 3 - 17, 2017 | NEW HOME & CONDO GUIDE 19
LD O S % 90
In a continuing effort to meet the challenge of product improvement, the developer reserves the right to modify or change plans and specifications without notice. Pictures, drawings, digital renderings and landscape plans are for illustrative purposes only and are subject to change. This advertisement is not an offering for sale. Such an offering can only be made with a disclosure statement. E. & O. E.
M A X I M U M S I Z E | M A X I M U M WAT E R V I E W | M A X I M U M VA LU E
CANADA’S MOST SIGNIFICANT WATERFRONT COMMUNITY Aspac’s Max Collection, a finite reserve of Aspac’s most luxurious waterfront condominiums, featuring maximum square footage, maximum water views and maximum value.
VIEW
True Waterfront
BEDROOMS
3BR + Den ~ 4BR + Den
INDOOR LIVING
1,850 SF ~ 3,250 SF
www.rivergreen.com • 604.233.2633
OUTDOOR LIVING
Up to 2,600 SF
Presentation Centre Open Daily 12pm-5pm 5111 Hollybridge Way, Richmond V7C 0A3
PARKING
Up to 3 car Private Garage
Vancouver | Downtown Vancouver SEABUS
W BROADWAY
RIN
ED
16
18 17 15
23
6
RI
SW
2. 1555 WEST EIGHTH 1555 W 8th 604-828-3998 1555w8.com
3. AVALON MEWS 5808 Wales 604-438-5050
4. TATE DOWNTOWN 1265 Howe St 604-568-8283
5. PROXIMITY 2nd Ave & Ont 604-731-3500
6. MAISONETTE SW corner of Granville & 57th 604-325-8111
7.
STERLING 49th & West Boulevard 604-428-8858
8. AVALON PARK River District Neighbourhood 604-879-8830
9. ETON 5696 Berton Avenue 604-221-8598
10. THE GREY Dunbar and 16th thegreyliving.com
11. 1335 HOWE Downtown Vancouver Onni.com
12. AVENUE ONE Presentation Centre 88 Pacific Blvd. avenueone.ca
13. BELPARK Vancouver Westside 604 891 1281
14. THE SMITHE 1035 Seymour Street 604-689-7003
15. HENRY Cambie & West 37th Avenue 604-715-6060
16. THE KIRKLAND East Blvd and West 46th Ave 604-808-0886
17. HAWTHORNE Adjacent to Queen Elizabeth Park 604 558 1907
22 YPNEXTHOME.CA
E 33RD AVE
E 29TH AVE
E 49TH AVE
3
13 22 26
24
W 70TH AVE
118 - 6033 Gray Ave 604-221-8878
QUEEN ELIZABETH PARK
7
W 57TH AVE
1. VIRTUOSO
E 12TH AVE
SW AY
E 41ST AVE
W 49TH AVE
NEW CONDOS:
NG
25 21
W 41ST AVE
R
E BROADWAY
E KING EDWARD AVE
OAK ST
MA
KI
19
GRANVILLE ST
DUNBAR ST
SW
ARBUTUS ST
W KING EDWARD AVE
PACIFIC SPIRIT PARK
E BROADWAY
W 12TH AVE
9 1
COMMERCIAL DR
2
E 1ST AVE
MA
NE
DR
NEW HOMES: 17. ASTON Oak and 38th 604-418-6809
18. THE REGENT AT KING EDWARD STATION 523 W. King Edward Ave 604-273-1313
19. OAK + PARK 604-558-5851
20. PRIMROSE West 33rd and Cambie PrimroseVancouver.com
21. SHAUGHNESSY RESIDENCES 8123 Shaughnessy Street 604 558 5848
22. MCKINNON West Blvd & 48th Ave. mckinnonbycressey.com
23. INTRACORP TOWNHOME COLLECTION, 7302-7358 GRANVILLE www.intracorp.ca/townhomes/c/ granville59th/ 604-891-1288
SE MARIN E
24. BROWNSTONES 4344 Knight 604-620-6616
25. TUDOR HOUSE 1511 W 8th Ave 778-939-9280
DR
8
BOUNDARY RD
L AL
W 16TH AVE
AVE
W 6TH AVE
VICTORIA DR
KM
6T
W BROADWAY
INAL
MAIN ST
OO
VE HA
5
MAIN ST
ALMA ST
W 4TH AVE W 10TH AVE
CORNWALL AVE
VENABLES ST
TE R M
KNIGHT ST
REY RD
CAMBIE ST
POINT G
JERICHO BEACH PARK
LVD
W1
14 12
4
BR ST WE
UBC
11
E DR
LLOR B
OAK ST
NCE
BURRARD ST
AR IN
CHA
MCDONALD ST
NW M
RENFREW ST
E HASTINGS ST
BURRARD INLET
PEOPLESCAPE A COMMUNITY DESIGNED FOR LIVING.
River District Vancouver is designed to bring people together. People who want space to play and walk, with places to gather and talk and relax and be part of a cohesive neighbourhood. Featuring pedestrian-friendly streets, european inspired plazas, urban retailers, parks and other modern amenities, River District Vancouver is designed with human-centred principles that make everyday living easy and enjoyable. It’s a community you’ll love to come home to.
Avalon Park homes now selling. Concrete highrise homes coming soon.
WWW.RIVERDISTRICT.CA
TOWN CENTRE RETAILERS OPENING 2018.
+ MORE
This is not an offering for sale. One can only be made by way of a disclosure statement. E.&O.E.
VANCOUVER
NOW PREVIEWING P L E AS E C ONTACT US TODAY TO S C H E DULE YOUR PR IVAT E A P PO I N T ME N T.
THOUGHTFULLY DESIGNED 2 + 3 BEDROOM RESIDENCES ARE COMING TO THE HEART OF DOWNTOWN VANCOUVER’S ARTS + EVENTS DISTRICT. STARTING FROM 1,000 SQFT, THESE ELEGANT INTERIORS ARE DESIGNED WITH AN OBSESSION FOR DETAIL TO CREATE AN UNPRECEDENTED LIVING EXPERIENCE FOR OUR HOME OWNERS.
TheSmithe.ca 604.689.7003 | info@TheSmithe.ca
24 YPNEXTHOME.CA
THIS IS NOT AN OFFERING FOR SALE. ANY SUCH OFFERING CAN ONLY BE MADE BY WAY OF DISCLOSURE STATEMENT. E. & O.E.
BROWNSTONES AT KINGCREST PARK
SHOW HOME COMING THIS SPRING The Brownstones are a boutique collection of 16 crafted family townhomes inspired by a classic and redefined by a modern aesthetic. 3-Bedroom homes offer beautiful interiors featuring double integrated refrigerators, an entertainment-sized island and a large private garage. All this just steps to Kingcrest Park in Vancouver’s vibrant neighbourhood of Kensington-Cedar Cottage.
KI 4344 KNIGHT
25TH AVE
N
G
SW AY
604.620.6616
16BROWNSTONES.COM THIS IS NOT AN OFFERING FOR SALE. ANY SUCH OFFERINGS MAY ONLY BE MADE WITH A DISCLOSURE STATEMENT. E.&O.E.
SALES AND MARKETING BY ICON MARKETING INC. PRICES ARE SUBJECT TO CHANGE. THIS IS NOT AN OFFERING FOR SALE. SALE CAN ONLY BE MADE BY DISCLOSURE STATEMENT. E&O.E. RENDERINGS ARE ARTIST’S CONCEPT ONLY.
C O M M E M O R AT I N G B R I T I S H T R A D I T I O N S I N A RC H I T E C T U R E Known for their dedication to quality and timeless design, Formwerks Boutique Properties presents Tudor House: an exquisite collection of fifteen homes nestled within the tranquil neighbourhood of South Vancouver. These one to three-bedroom and den stacked townhomes are a portrait of classic Tudor-style architecture offering spacious floorplans
N OW S E L L I N G B Y P R I VAT E A P P O I N T M E N T S A L E S G A L L E RY L O C AT E D AT 3 - 1 1 5 1 W E S T 8 T H AV E N U E VA N C O U V E R , B C V 6 H 1 C 5
SKYTRAIN 2 BLOCKS
and stately interiors with convenient proximity to schools, parks, shops and the Marine Drive Canada Line Station.
R E G I S T E R TO DAY INFO@TUDORLIVING.C A 778.939.9280 TUDORLIVING.CA
THIS IS NOT AN OFFERING FOR SALE ANY SUCH OFFERING CAN ONLY BE MADE WITH A DISCLOSURE STATEMENT. THE DEVELOPER RESERVES THE RIGHT TO MAKE CHANGES AND MODIFICATIONS TO THE INFORMATION HEREIN WITHOUT PRIOR NOTICE. E&OE.
BELPARKLIVING.COM 604 891 1281
PRESENTATION CENTRE AT OAKRIDGE MALL, 41ST AVE & CAMBIE ST. (ENTRANCE OFF OF 41ST) OPEN DAILY NOON – 6PM EXCEPT FRIDAYS
Centre 1 Bedroom $669,900 · 2 Bedroom + Den $1,090,000 · 3 Bedroom + Den $2,390,000
Oakridge Presentation
133 ACRES OF GREENSPACE AT YOUR DOORSTEP
Advice | CONDO SENSE
Condo trends in 2017
What’s new? Lighting function, spa-inspired ensuites and well-planned kitchens By Cameron McNeill
MORE ADVICE ONLINE ypnexthome.ca/news/advice
NEW DEVELOPMENTS IN 2017 will
showcase exciting architectural and design elements for the home. We are getting inspiration from some of Greater Vancouver’s designer display suites. Here’s a look at three trends that have caught our attention: Lighting function Looking around you’ll see great lighting trends. Take notice of the fixtures in each room and how the lighting works with the space, colour scheme and furniture. The quality of light is important for any space, from its function to setting the mood. The Kirkland luxury homes in Kerrisdale feature modern and elegant fixtures in the bathroom, and thoughtfully placed vanity lighting solutions for your beauty routine. Like The Kirkland, expect to see more thoughtful lighting options in homes. Spa-inspired ensuites Spa-inspired ensuites have been on our radar for quite some time, but we continue to see more and more features become standard across the market. Contemporary master ensuites now feature in-floor heating, frameless glass showers with tiled shower bases, and towel warmers. The high-end bath at Calla at The Gardens by Townline Homes offers practical features including custom-designed mirrored 28 YPNEXTHOME.CA
The Calla at The Gardens in Richmond features a beautiful spa-inspired ensuite
medicine cabinets, heated floors and full-height porcelain tile walls as the backdrop. Some of the city’s more spacious floor plans include beautifully designed ensuites that come with dual sinks, and a mix of open and closed storage providing more personal space. A standalone soaker bathtub inspires deep relaxation at the new luxury residences, Hawthorne by Pennyfarthing Homes. Well-planned kitchens The kitchen, also known as the heart of the home, is also a high-traffic room that requires a well-planned layout. Kitchen design experts are optimizing appliance position to help with efficiency and effectiveness of the space for cooking and daily activities. The
remarkable CresseyKitchen at McKinnon in Kerrisdale incorporates a “chef’s wall” in the kitchen to keep state-of-the-art appliances at eye level and within easy reach while maximizing storage and counterspace. When you visit a presentation centre, walk through the display suites and ask the sales representative about the key design elements to get a better sense of the home and features that cater to your needs.
MLA Canada is a comprehensive real estate service provider in Canada. Partnering with residential developers, MLA Canada offers an unmatched level of expertise in advisory services, market intelligence, project marketing, sales, customer care and administration. mlacanada.com
Neighbourhood Profile | UTOWN@UBC
UTOWN@UBC By Michelle Hopkins
UTown@UBC is a collection of five neighbourhoods, each with its own distinct character and all offering a mix of housing options. Located within the University Endowment Lands, its total land base is 14.13 square kilometres, of which about half is made up of Pacific Spirit Regional Park. Lifestyle There’s an eclectic mix of students, young professionals, upper-end faculty and boomers with deep pockets, as well as retirees. One thing they all have in common – they want to live close to Mother Nature’s playground and they love everything this community offers! From mental challenges to hiking, hanging out with friends in Westbrook Village, or catching a concert at the Chan Centre for the Performing Arts, there is absolutely no reason to be bored living here! 30 YPNEXTHOME.CA
The vibe Residents of all ages and backgrounds say living at UTown@UBC is unlike anywhere else in the Lower Mainland. It’s not hard to see why this jewel of an enclave attracts so many – they are surrounded by gardens, a stunning regional park and the Pacific Ocean. In addition, residents have access to world-class recreational and cultural facilities all within walking distance. It buzzes with film, sport and cultural festivals, and activities yearround, like its popular summertime outdoor family movie night. Meet the neighbours Although its largest population is the over 9,000 university students living in UBC student housing, the other 10,000 or so residents are a diverse mix of faculty, staff and other residents. Those “others” are mostly well-heeled affluent neighbours.
On the other hand, you do have seniors and upwardly mobile young professionals, the newly married, and couples with young children moving into the new condo and townhome developments. In the area Besides a world-class university and an award-winning high school and elementary, there is a childcare centre that provides 700 spaces, making it the largest campus-based childcare provider in North America. You also have numerous beaches and one of Vancouver’s top jewels – the Pacific Spirit Regional Park, which boasts more than 73 kilometres of walking, hiking, biking and riding trails. Planes, trains & automobiles This is one of the most walkable and bikeable communities, yet it is within easy
access to transit as well as several community shuttles. It is the second-busiest transit destination in the province with a whopping 75,000 daily trips to and from UBC. It’s really encouraged that one not travel by car, however, if you must, carpooling or car sharing is your best bet Dollars & sense UTown@UBC is a mix of cheap eats, like Corner Store@bookstore or the Pit Burger Bar, with a plethora of casual restaurants. UBC has been grappling with high housing prices in the neighbourhoods closest to it, and some of the lowest rental vacancy rates for more than two decades. UTown@UBC was born out of those challenges. Although it is still fairly expensive to buy here, there are options – everything form large condominiums and single-family housing to traditional dormitories.
Real Estate Market About 3,200 family housing units, 50 per cent of which are home to UBC students or employees. Apartment, condo, townhome and detached – you can pay from the high $300’s to more than $2 million. The mandate in the creation of UTown@UBC was to create more affordable housing for the students and workforce at UBC. Considering that this is otherwise some prime real estate, the rentals in UTown are competitively priced.
Street Corner “I love living here because it feels like living in a small town within a city.” –Lyndsay, mom and full-time student “I love living next to Pacific Spirit Park’s wooded trails and the Old Barn Community Centre, while also being able to reach downtown Vancouver in 30 minutes.” –Carmen, second-year pediatric medicine student and mother of two “We feel like we are in a self-contained neighbourhood where everything you ever want is right here.” –Chris Mahony, proprietor of Mahony & Sons Public House and resident
Hot Spots Beaty Biodiversity Museum Take in hundreds of dynamic biological collections and exhibits that excite the imagination. The museum attempts to help visitors understand biodiversity, its origins and its importance to mankind. It’s a great place to help shape your children’s love of science. The Chan Centre for the Performing Arts Besides hosting UBC’s graduate students’ commencement ceremonies, the centre offers unique programs, brilliant speakers, as well as artistic and cultural events. Throughout the year, immerse yourself in talks by renowned speakers or concerts by the VSO and UBC School of Music, to name a few. Mahony & Sons Public House After pulling yet another all-nighter of intense studying, students congregate at this popular Irish watering hole for a pint or two, and its wickedly good chipotle coconut mussels. This is hearty and healthy pub fare with a twist. A Guinness-infused soup always hits the spot! Museum of Anthropology The renowned Museum of Anthropology houses one of the world’s best displays of First Nations art in a spectacular building overlooking mountains and the ocean. The Museum hosts truly astounding major temporary exhibits and collections with more than 10,000 objects from around the globe. FEBRUARY 3 - 17, 2017 | NEW HOME & CONDO GUIDE 31
LV D
UB TEA PLA
ET R
EE
WA Y
RIDGE PARK
COAST MERIDIAN RD
KW AY B
PA R
LVD
Coquitlam | Port Coquitlam | Port Moody | Pitt Meadows
BL VD
VICTORIA DR
R
A4
COQUITLAM CENTRE
PRAIRIE AVE LD
R
SY ES
Lo
ghe
ed H
H IL LR
SH
Hwy
AU G
HN DAW ES
Lou
he
ed
SW AY AV E
Hw
DOMINION AVE
y
B1
DEWDNEY TRUNK RD
DEWDNEY TRUNK RD
Lo
ug
D
COLONY FARM REGIONAL PARK
wy
ary
l Hil
he
ed
Hw
y
s as
MEADOW GARDENS GOLF COURSE
p By
M
FORD RD FRASER RIVER
581 Clarke Road (at Como Lake Ave.) 604-939-2677
A2. CHARLAND 2102 - 963 Charland Ave 604-492-3388
A3. UPTOWN2 bosaproperties.com 604-939-2677
32 YPNEXTHOME.CA
HARRIS RD
COQUITLAM A1. LOUGHEED HEIGHTS
DEWDNEY TR
HAMMOND RD PITT MEADOWS AIRPORT
NEW CONDOS:
123RD AVE
PORT COQUITLAM A4. EVERGREEN 3007 Dlen Drive 604-942-2672
A5. LOUGHEED HEIGHTS Presentation Centre 581 Clarke Road (at Como Lake Ave) Open daily noon to 5pm 604-939-2677
A6. PARKER HOUSE 1151 Windsor Mews 604-945-8741
A7. MANTYLA 3096 Windsor Gate 604-941-8305
NEW HOMES: A8. NELSON ON FOSTER North Road & Foster Ave. 604.998.8998
A9. SIMON West Coquitlam 604-420-4896
NEW HOMES: GOLDEN EARS
B1. FREMONT INDIGOBRIDGE 2332 Ranger Lane 604-552-0319
B2. PARC EAST
2378 Atkins Ave 604-472-9499
207TH ST
BRU
AVE
heed
AUSTIN AVE
B2
NG
Loug
MUNDY PARK
A2 TE N ET
ug
KI
OTTAWA ST
MA
ST
ER
MARI NE R WAY
AUSTIN AVE
LINTON ST
A8
COMO LAKE PARK
MUNDY ST
SMITH AVE
GATENSBURY ST
A3
LINCOLN AVE
A7 A6
COMO LAKE AVE
BLUE MOUNTAIN ST
AR
KE
RD
TH
CL
ED
ypnexthome.ca
V
DEWDNEY TRUN K RD
A9
NORTH RD
DO WN
Barnet Hwy
ST JOHNS ST
A1
NS
SEARCH ONLINE
DR
210TH ST
PIONEER MEMORIAL INLET PARK PARK
LA
IA
203RD ST
TA IN
R TO IC
S BONSON RD
ROCKY POINT PARK
UN
AVE
HARRIS RD
y
w H
SHORELINE PARK
DAV ID
TOWN CENTRE PARK
CEDAR DR
MO
COAST MERIDIAN RD
D
R IT AG E
JOHNSON ST
et rn Ba
OR
HE
PI N
DAVID AVE IOC
R
Trending
3 reasons Americans won’t be buying up Canadian homes By Wayne Karl
NOW THAT DONALD TRUMP has been sworn in as the 45th president of the United States, should we prepare for an onslaught of Americans moving north and buying Canadian homes? Don’t bank on it. The “possibility” was well publicized leading up to the election last November, with search terms such as “How to move to Canada” and “How to become a Canadian citizen” skyrocketing on Google during and after the election, even leading to a reported crash of Citizenship and Immigration Canada’s website on election night on Nov. 8. Now, Royal LePage Canada and others are fanning the flames even more. On the morning of the inauguration, the realty firm issued a press release titled 34 YPNEXTHOME.CA
“U.S. Interest in Canadian Real Estate Surges Following U.S. Presidential Election.” “American web traffic on royallepage. ca, the company’s consumer real estate portal, has been highly correlated to recent U.S. political events. U.S.originated sessions surged 329 per cent the day following the election and climbed 210.1 per cent year-over-year the week after Donald Trump’s victory,” the release said. “Looking at the full month of November 2016, U.S. web traffic grew 73.7 per cent year-over-year, when compared to the same period in 2015. This trend continued throughout the remainder of 2016, with American web traffic rising by 40.9 per cent yearover-year during the fourth quarter.”
We can’t blame Royal LePage for publicizing the web search trend. It’s the company’s job, after all, to sell homes. But it’s a bit of a stretch that Canadians should batten down the hatches and prepare for an onslaught of Americans offering wheelbarrows full of U.S. greenbacks for their Canadian homes. (Sorry, Canadian homeowners. And you’re welcome, prospective Canadian homebuyers; prices in some markets are rising fast enough as it is.) Let’s also remember Royal LePage, and every single one if its agent-respondents to its survey, would have a vested interest in a sudden and severe spike in Americans buying Canadian homes. We need a reality check here. Putting aside all jokes about Americans
MORE TRENDING ONLINE ypnexthome.ca/news
province has numerous programs,” she told YP NextHome. “As well, we have options for work permits if the person has an employer in Canada, or under NAFTA if they are on the professional list.” Just as Canadians face regulations when wanting to head to the U.S. for employment, there are similar rules for Americans wanting to head the other way. “We also have the labour market impact stream, so employers in many cases must first try to hire a Canadian or permanent resident for the job,” Seligman says. “However, there are many exemptions, including intra-company transfers and NAFTA exemptions.” Even those provisions may change, however, if Trump signs executive orders to renegotiate NAFTA.
TAX ISSUES
crossing the border – in summer – with skis affixed to their car rooftops to hit the slopes and other misconceptions, their fear of their new leadership is no laughing matter. But Americans cannot just pick up and move here, because they don’t like their new president. Here’s why:
IMMIGRATION LAWS Immigration to Canada is complicated, and it depends on a person’s background, according to Robin Seligman, a Toronto-based a specialist in Canadian immigration law, past chair of the Canadian Bar Association and Ontario Bar Association. “We have express entry, and each
Clearly, there are a variety of tax issues to deal with, and certainly legal issues involved in acquiring properties here and moving to Canada. But basic questions can be as simple as, when does a person become a ‘resident’ of Canada for tax purposes? “For U.S., citizens, they will need to deal with various U.S. tax issues as a result of their U.S. citizenship,” says George Dube, a partner at BDO Canada LLP, Waterloo, Ont. “And, they will need to abide by different tax regulations while considered a non-resident of Canada versus as a resident, such as withholding taxes, filing requirements, eligibility for deductions and credits. “It’s quite doable for most, it’s just there are right ways and wrong ways that require guidance from qualified tax and legal professionals. Owning a home for personal use, versus investing in a rental property, from a tax perspective, is easier to deal with, although there are still issues such as changes to the principal residence exemption rules that came about last fall.”
MORTGAGE REQUIREMENTS “Foreign buyers – including Americans – will have a more difficult time qualifying for a mortgage than Canadians,” says James Laird, cofounder of RateHub and president of CanWise brokerage. “The down payment requirement is higher, and there are additional challenges around proving income.” While Canadian citizens and permanent residents have the option of paying a minimum five-per-cent down payment, out-of-country buyers will need to pay roughly 10 times that amount to compensate for their lack of Canadian employment to qualify for competitive financing from an A lender, according to RateHub’s real estate brokerage affiliate, Zoocasa. For those Americans who would manage to pay less than 20 per cent down, they would also need to adjust to a 25-year amortization time-line, rather than the 30-year products available in the U.S. As for Royal LePage’s survey, American interest was primarily focused on Canada’s largest markets, with Ontario, British Columbia and Quebec receiving 72.7 per cent of all U.S. regional page views generated on royallepage.ca Ontario led, with 41.4 per cent of U.S. regional page views directed to the province, with most of the interest (62.5 per cent) in the GTA. British Columbia accounted for 17.4 per cent of U.S. regional page views, though, Victoria – not Vancouver – garnered the most attention, at 32.1 per cent. Provinces affected by recent economic downturns saw minimal interest from American buyers, with Alberta accounting for only 7.6 per cent of total interest, with most of that in Calgary (54.6 per cent) and Edmonton (27.3 per cent). FEBRUARY 3 - 17, 2017 | NEW HOME & CONDO GUIDE 35
Burnaby | New Westminster BARNET MARINE PARK
ED
BURNABY MOUNTAIN GOLF COURSE
A8
AR
GL GA
BROADWAY
DR
ITY
AR U DI WA Y
R
SQUINT LAKE PARK
A3
RS
E N IV
GA GL
A12. IMPERIAL
E
4700 Imperial Street 604-436-5550 RD
EYS TON
DI
KE
BRENTWOOD MALL
GR
Brentwood luminabrentwood.com
A1
Y WA
AR
INL ET
A10
A11. LUMINA
W
SFU
CLIFF AVE
A11
Barnet Hwy UN IVE RSITY DR
A6
NORTH RD CL
A1
SPERLING AVE
A9
HOLDOM AVE
WILLINGDON AVE
HASTINGS ST
A5
BURNABY MOUNTAIN PARK
DR
CONFEDERATION PARK
ROYAL OAK AVE
A7 A4 SPROTT ST
A14
AD AW AY
NELSON AVE
DE
ROYAL OAK AVE
RI
PATTERSON AVE
CB
ST
Presentation Centre #150 - 3555 North Road
H
A4. BROOKMERE
ON
ST
2338 Madison Ave., 604-299-8573
DS
L YA RO
E AV
B2
ST
R
B3. THE ROYAL B1
DUNCAN ST
E WAY
BOUNDARY RD
A5. VERDI ON THE HEIGHTS 3908 Hastings St 604 563 3020
A6. PACIFICO 7180 Barnet Rd. 604-294-3802
A7. CROWN Presentation Centre #104 - 552 Clarke Rd 604-939-8868
E
N WE
E AV
Port Royal 604-544-2258
A8. CAMERON Presentation Centre 150A - 3355 North Rd 604-379-2191
A9. GOLD HOUSE 6377 McKay Ave goldhouseliving.com
A10. CONCORD BRENTWOOD Lougheed & Beta 604-435-1383
PACIFICOHOMES.CA / 604.338.2300 Sales Center Open Sat & Sun 2-4pm or by appointment
36 YPNEXTHOME.CA
203 – 20 E Royal Ave. 604.523.0733
B4. THE PENINSULA
ST
YD BO
AY TW
A3. FULTON HOUSE
AR EW
Y WA
EN
7350 Kingsway 604-533-3033
D
Presentation Centre 659 Columbia Street Open Daily 12-5pm 604-522-2583
RW
A2. KINGS CROSSING
E
B2. RIVERSKY
B3
DE
8999 Cornerstone Mews. 604-298-9965
DR
IN
QUEEN’S PARK
H
S
8T
10
TH
AR
NEW CONDOS: A1. VERITAS
E AV
B1. PORTAGE PORT ROYAL 260 Salter St 778-398-1344
M
E AV
M
MAR IN
BURNABY
E AV
6T
FI SOUTHRIDGE DR
MARIN E WA Y
North Road & Lougheed 604-328-7128
NEW CONDOS: B6
ST
H 8T
6 TH
E AV
D
A2
TH
DR
A14. THE CITY OF LOUGHEED
BRAID ST
AN
A14 IMPERIAL ST
H
8T
RL
P I M A8
IF
MAR IN E
BE
16
E AV
10
M
TH
TH
CU
IMPERIAL ST
ST
AY W
WA Y
AL
I ER
E AV
A AD
GS
A13
GR
SE MARINE DR
KI N
A9 A12
D ST
N CA
49TH AVE
METROTOWN
7385 Edmonds Ave @ Fulton Ave 604-528-6935
NEW WESTMINSTER
DEER LAKE
DEER LAKE PARK
A13. IVORY MEWS
BURNABY LAKE REGIONAL PARK
CA N
OAKL AN CENTRAL PARK
AUSTIN AVE
GILLEY AVE
BOUNDARY RD
WILLINGDON AVE
BCIT
LOUGHEED MALL
Lougheed Hwy
NEW HOMES:
B5. ELLIOT Elliot Street 604-662-8009
B6. THE COLUMBIA Sales Centre 285 Nelson's Court 604-525-3941
NO W
SE
LLI
NG
NOW UNDER CONSTRUCTION SALES CENTRE OPEN Mon-Fri (by appointment only) Sat/Sun 12-5pm
PRICED FROM $499,900 Y
WARRANTY BY:
!
Advice | NEWS AND VIEWS
Small but sweet: The homebuy’s mantra of 2017? By Lydia McNutt
MORE ADVICE ONLINE ypnexthome.ca/news/advice
AS THE SAYING GOES, good things come in small packages. In fact, this may be the mantra for many homebuyers in 2017, given the steady rise in real estate prices. National housing affordability hit an eight-year low in the third quarter of 2016, according to the latest Housing Trends and Affordability Report issued by RBC Economics Research. Single-family homes scored a hard-toswallow measure of 49.4 per cent, while condos came in at a more-digestible 35.6 per cent. What does this mean? Those dreaming of the single-detached life in Canada should expect to shell out 49.4 per cent of their pre-tax income – providing they earn at least an “average” income. Sound high? Don’t be mistaken, these numbers are sharply skewed upward by the hot housing markets in Vancouver and Toronto. Vancouver scored 92 percentage points across all housing types, while affordability in the Greater Toronto Area reached 63.7 – the steepest erosion of affordability nation-wide. To cool these overheating markets, Ottawa implemented new mortgage rules late last year, requiring that insured mortgages (those with less than 20-percent down payment) qualify at the central bank’s posted rate of 4.64 per cent. This is the case, even if the rate offered by your lender is lower. When rates do eventually rise, the increase in payments will be manageable. Then there’s your Gross Debt Service 38 YPNEXTHOME.CA
ratio to think about. When applying for a mortgage, the lender combines your total housing costs (including mortgage, property tax and heating) and calculates what percentage they are of your gross monthly income, known as your GDS ratio. Under the new mortgage rules, your GDS ratio must not exceed 39 per cent of your gross income – 10 percentage points below Canada’s average cost of single-detached home ownership, as per RBC Economics Research. “The new mortgage insurance rules may help affordability over time, but 2017 is likely to see a tug of war between these market-cooling policy measures and rising longer-term interest rates, pulling affordability in opposite directions,” Craig Wright, RBC’s chief economist, noted in the report. “The net effect of this on the costs of owning a home is unclear at this point.” Since Q3 of 2016 marked the sixth consecutive time affordability dropped, let’s err on the side of safety and assume that costs will continue rising in the foreseeable future. Forms of home ownership are evolving to survive the storm, so to speak. Increasingly common
are options like secondary suites as sources of supplementary income to help pay off that hefty mortgage debt, and new housing types that are smaller in scale and price – enter the micro condo. Who says the key to happiness is a 2,500-sq.-ft. detached house, anyway? Perhaps your dream home isn’t a house at all. Condo living can afford you the hottest locations, coolest finishes, and five-star luxuries like concierge service, a gym or a rooftop pool, at an affordable price. How much would you pay for a detached house that offers all that? Perhaps on your scale, amenities rank higher than a little extra square footage. Weigh the pros and cons of each housing type, then decide which best suits your lifestyle and budget. You might be surprised at where you end up! Lydia McNutt is an award-winning writer and senior editor of New Home and Condo Guide. Lydia’s love of architecture, interior design and the written word have landed her happily at YP NextHome, where real estate rules. Email Lydia.McNutt@ypnexthome.ca, and follow Lydia on Twitter @LydiasTweets
W NOING L SEL
Y O U R
HOME SPECS & FEATURES
smart
SPACIOUS BEDROOMS
Master bedrooms fit for a King or Queen. Plenty of space regardless of your bedsize. STAINLESS STEEL KITCHENAID APPLIANCE PACK AG E
OPEN LAYOUT Made for entertaining.
H O M E
B U YI N G
g u i de THE COLUMBIA AT A GLANCE
FU LL-SIZE WHIRLPOOL FRONT LOAD WASHER AND DRYER
2+3 BEDROOM HOME PRICING Starting from
$ 495 , 900
PARKING INCLU DED
Sizes range from
PLUS L ARG E BALCONIES
YOGA ROOM , SQUASH COU RTS & GYM
SHOPPING , DINING & CAFÉS
ACCESS TO CLUB CENTRAL
*
Strata Fees
$ 1 ,8 6 6 / MONTH
$0. 3 8 / S Q F T
G RE AT BIKE ROUTES
SAFE NE W COM M U NIT Y
200 METRES TO SAPPERTON STATION Everything you need right on your doorstep.
TE
AV E
T H E B R E W E R Y D I S T R I C T. C A SALES CENTRE OPEN NOON–5PM I N F O @ T H E B R E W E R Y D I S T R I C T.C A
UN
ET
WALK SCORE R ATING
BR
E COLUMBIA ST
285 NELSON’S COURT AT S A P P E R T O N S KY T R A I N S TAT I O N
CONNECTED NEIGHBOURHOOD VERY WALKABLE
Example Mortgage*
V I S I T O U R S A L E S C E N T R E T O D AY
NEW WESTMINSTER
G ROCERY & ESSENTIAL S
10,000+ SQFT of private indoor amenities.
ELEGANT QUARTZ COU NTER TOPS
845–1,065 SQFT
AMAZING AMENITIES
604.525.3941
50+ YEARS EXPERIENCE *Calculations are based on 20% deposit, assuming a current 5 year fixed rate of 2.94%. OAC and 25 year amortization. The mortgage information provided is for illustrative purposes only and accuracy is not guaranteed. Be sure to consult a financial professional prior to making a home purchase. Prices are subject to change without notice. This is not an offering for sale. One can only be made by way of a disclosure statement. E.&O.E.
Surrey | Langley 116TH AVE
NO
R
RD
112ND AVE
108TH AVE
12
A3
A4
A1 A2
A6
104TH AVE
104TH AVE
Fr a
se r
W ay
0T
H
ST
GR
VE OS
S
A12
er
Hw
y
A5
88TH AVE
GOLDEN EARS BRIDGE
96TH AVE
96
88TH AVE
TH
BEAR CREEK PARK
A8
B4
B9
10 RD
B8 LO VE
R
64TH AVE
64TH AVE
G
A11
WATERSHED PARK
B3
B7
60TH AVE
61A
LANGLEY BYPASS
58TH AVE
56TH AVE
56TH AVE
Fra s
er H
A10
10
GR
SURREY NEW CONDOS: A1. UNIVERSITY DISTRICT 104th & University Dr 604-588-5795
A2. HQ
Surrey City Centre porte.ca/hq
A3. EVOLVE
13328 104 Ave. 604 497 0102
NEW HOMES: A4. DAWSON + SAWYER GUILDFORD THE GREAT 15340 Guildford Dr 778-293-2222
A5. DAWSON + SAWYER KINGS LANDING 8130 - 136A Street
LANGLEY
SERPENTINE FEN NATURE RESERVE
A6. DAWSON + SAWYER GUILDFORD THE GREAT II 10463 158 St, Guildford Dr. 778-293-2222
A7. 99 ASHBURY + OAK 8138 204th Street 604-539-6281
A8. SYNC
14555 - 68th Ave 778-590-7283
NEW CONDOS: B1. THE WEX
20829 77A Ave 604 513 8655
B2. BELMONT
778-277-1611 22084 Fraser Hwy.
NEW HOMES:
A9. SUMMIT
B3. ARCHSTONE
A10. WESTPOINTE
B4. PRESTWICK AT MILNER HEIGHTS
Panorama Heights 778-591-6685 Presentation Centre 604-833-9193
A11. HARVEST AT BOSE FARMS 16488 64 Ave 604-576-7722
A12. THE GUILDFORD
15351 101 Avenue www.theguildford.ca
40 YPNEXTHOME.CA
232RD ST
B1
216TH ST
200TH ST
72ND AVE
176TH ST
99a
192ND ST
184TH ST
168TH ST
A8
208TH ST
A7
80TH AVE
160TH ST
A9
152ND ST
128TH ST
120TH ST
112TH ST
72ND AVE
1a 144TH ST
King George Blvd
80TH AVE
#4 7672 209th Street 604-888-9671
#1-7059 210 St. 604-371-0928
AV E
RD
TYNEHEAD REGIONAL PARK
Fr as
GL OV ER
96TH AVE
216TH ST
GREEN TIMBERS URBAN FOREST PARK
AD
wy
B2 ER
D
48TH AVE
B5. EVERLY GREEN
8217–204B Street 40TH AVE 604-371-3832
B6. GABRIOLA PARK 20298 82nd Ave
B7. ZETTER PLACE 8508 204th St. 778-298-2252
B8. LATTICE AT MILNER HEIGHTS #1-7059 210 St. 604-371-0928
B9. CREST
199938 70 Ave essenceliving.com/crest
SURREY/LANGLEY
FEBRUARY 3 - 17, 2017 | NEW HOME & CONDO GUIDE 41
Property Profile | HARVEST AT BOSE FARM
Harvest at Bose Farm Define your future
by Susan M Boyce
IT’S ANOTHER HOME RUN for the award-winning
Location
Cloverdale, Surrey Builder
Platinum Group of Companies Home Type
Townhomes Sales Centre
16488 – 64th Avenue Contact
liveatharvest.ca or 604.576.7722
Platinum Group of Companies. Just released at Harvest at Bose Farm is a new phase of threebedroom and flex homes with an exciting new floor plan that’s already turning heads. From the street, expansive windows, elegant cement-fiber siding, and ledgestone accents give these homes a unique charm. I pause to admire the majestic mountain views to the north before checking out the fenced yards and inviting entry with trio of textured glass inserts. To my surprise, and delight, there’s also a side-by-side garage. I can’t wait to see inside the showhome.
The life you deserve As I step through the front door, I instantly visualize how I’ll arrange my home office in the ground-floor flex room, but when I step into the main living level with nine-ft. ceiling throughout, I confess I give a sigh of delight. The kitchen island is perfect for entertaining – 10 ft. long with a waterfall finish on both ends. Appliances are KitchenAid – a personal favourite. “And watch this,” says sales manager Luana Matteazzi, remembering my love of all things foodie-oriented. She pushes a button beside the five-burner gas cooktop, and a high-powered, electronic vertical vent slides silently up, ready 42 YPNEXTHOME.CA
to eliminate the most persistent cooking odours — a way-cool feature I’ve only seen in high-end custom homes, until now. In the living room, I discover a dramatic feature wall made from 12-by-24-inch recyclable Italian porcelain tile and featuring an über-modern, lineal fireplace. Windows are big and bright, filling the room with sunshine. And finally, to complete the sense of luxury, a master bedroom with 10-ft. vaulted ceiling and modernist chandelier add an intriguing touch’o’bling – just my style.
Make it your own Need yet another enticement? “Buy now before construction begins, and you’ll get preconstruction pricing,” Luana says. Plus, you can take advantage of Custom Choices — your chance to choose between six different front door colours, two interior colour schemes, two powder-room mirror surrounds, four cabinetry finishes, and two flooring choices. “It’s part of the reason buyers love Harvest at Bose Farm.” The Harvest at Bose Farm presentation centre and display homes are open from 1 to 5 p.m. daily except Fridays, at 16488 – 64th Avenue in Cloverdale. For more information, visit liveatharvest.ca or call 604.576.7722.
JUST RELEASED! DOUBLE GARAGE FLOOR PLANS!
Awesome Townhomes Pre-Construction Pricing • Platinum’s Kitchen Hub Sizzles! • Exceptional finishings! • Bose Forest Park and Community Gardens • Low density Neighbourhood surrounds you!
604.576.7722 | 16488 64 Ave. Cloverdale, Surrey
HW
Y
Fra
ser HW Sur Y rey Go lf C lu Guildford Golf & Country Club
HWY 91
Langley Events Centre
b
Northview Golf Course
Harvest at Bose Farms Bose Forest Park No. 10 HWY
176 St
Open Daily 1 - 5pm (except Fridays)
Exciting New Floor Plans!!
No .1
Pacific Hwy
LiveAtHarvest.ca
Guildford Ford Town Center Tynehead Shopping Regional Park
152nd
• A Natural Way of Life
3 bedroom 3 bedroom & Flex room both with Powder room on the main
Willowbrook Centre & Shopping
Cloverdale & Shopping
Trending
Vancouver’s pre-sale condo market is hot to trot By Lydia McNutt MORE THAN 10,500 NEW CONDO UNITS*
are slated to hit the Greater Vancouver housing market this year, according to MLA Canada’s 2017 Market Intel report – opening up plenty of more-affordable housing options for prospective homebuyers who have been priced out of the single-detached segment. It’s welcome news in the city that has once again taken its usual place atop the unaffordability scale, as per the latest RBC Housing Affordability Report. Vancouver also ranked third least-affordable housing market worldwide in the 2017 Demographia International Housing Affordability Survey, trailing only Hong Kong and Sydney. And most recently, Canada Mortgage and Housing Corp. has issued another warning, flagging Vancouver’s potential housing market risks thanks to overvaluation and the rate of price growth. Greater Vancouver’s hot housing market activity reached its peak in March 2016, followed by a decline before levelling off into 2017. This shift has been attributed to recent provincial and federal policy changes implemented in 2016 – namely the Foreign Buyers’ Tax and the new mortgage rules. While these changes seem to have had their intended effect of cooling Vancouver’s overheated resale market, the pre-construction condo market shows little sign of slowing down. “In December 2016, Vancouver faced a 10-year historical shortage in resale inventory. In addition to this, housing starts are expected to decrease for the next two years with respect to [2016],” Cameron McNeill, co-president of MLA Canada, told YP NextHome. “At the 44 YPNEXTHOME.CA
MORE TRENDING ONLINE ypnexthome.ca/news
same time, we continue to see strong demand with increasing population, both from other areas of the country and internationally, due to our stable economic growth and job creation.” In simple terms, demand continues to outpace supply. 2016 in review Approximately 8,955 condos* were released in Greater Vancouver in 2016. Coquitlam led the pack with the most pre-sale units released – over 1,800, thanks to the completion of the Evergreen Extension in December. More than 87 per cent of the brand new condos released last year in Greater Vancouver were sold, at an average cost of $915 per sq. ft. MLA reports that pre-sales remained strong in the face of the Foreign Buyers’ Tax, with 81 per cent of condos released between August and December 2016 being absorbed. 2017 forecast McNeill expects this demand for pre-sale condos to continue. “With the sheer volume of buyers and lack of housing options, demand will still remain strong for Vancouver homes – especially condos,” he says. “Stability in the single-family market leads to strong demand, and paired with the supply limitations, prices are expected to increase,” McNeill says. While 2016 was a record-setting year, prices are still expected to grow in 2017, though at a much slower pace. “Single-family homes continue to be in high demand and sellers in turn are downsizing into condos, and assisting their children with purchasing a home,” McNeill adds. * Data reported is for concrete construction and does not include wood frame developments.
140 ST
61 AVE 60A AVE
60 AVE
142 ST
138 ST
64 AVE
Advice | MIND OVER MORTGAGE
A little help for first-time homebuyers By Alisa Aragon
MORE ADVICE ONLINE ypnexthome.ca/news/advice
BACK IN DECEMBER, the BC government announced that it would be helping firsttime homebuyers get into the real estate market with its new BC Home Owner Mortgage and Equity (HOME) Partnership program. This will be a welcome relief for some BC residents, especially after the Federal government announced the new mortgage rules this past October. The new HOME Partnership program is particularly important for BC, which has some of the highest home prices in Canada. The new program contributes to the amount that the first-time homebuyer has already saved for a down payment, up to $37,500 or five per cent of the purchase price. The loan will be secured by a second mortgage with no payments required for the first five years. The amortization period for the second mortgage will be 25 years. Payments will start in the sixth year, with monthly payments due at current interest rates. Homebuyers will repay the loan over the remaining 20 years, however they can make extra payments or repay it in full at any time, without penalty. The loan must be repaid in full when the home is sold or transferred to another owner. To be eligible, buyers must be pre-approved for an insured high-ratio first mortgage (mortgage down payment is less than 20 per cent of the home price) and the property must be a principal residence. On the completion date, the funds from the program will be advanced and the loan will be registered as a second mortgage on the property’s title. 46 YPNEXTHOME.CA
The province is investing about $703 million over the next three years to help an estimated 42,000 BC households enter the market. Applications started being accepted as of Jan. 16, 2017. The loans will start being advanced as of Feb. 15, 2017, until March 31, 2020.
How does it work? Once you know you are eligible to qualify for the BC HOME Partnership loan, you: » get pre-approved for a mortgage with the assistance of a mortgage expert or lender; » apply and receive confirmation of eligibility for the BC HOME Partnership program; » find your home and make an offer, subject to financing and any other caveats as per your discretion; » provide your BC HOME Partnership loan commitment to your mortgage expert or lender; » obtain a final approval from the lender and insured mortgage via your mortgage expert; » complete the purchase of your new home and move in.
What type of homes are eligible for a BC Home Partnership loan? » The home must be a legal, self-contained and mortgaged residence (detached, semi-detached, townhomes, condos, etc.) located in BC, with a maximum purchase price of $750,000. » Rental properties and seasonal or recreational properties are not eligible. » The homebuyer must take possession of the home within 30 days of closing and occupy it within six months. » The home must be occupied as the homebuyer’s principal residence for the first five years (or less, if the home is sold).
What’s the application process? » Purchasers need to get mortgage pre-approval from a lender before applying for the BC HOME Partnership loan. » Applicants must obtain a pre-approval letter from their lender and insurer (CMHC, Genworth or Canada Guaranty) before submitting an application. » Application are accepted online to BC Housing.
What happens once an application is approved? » Once the homebuyer has applied online and has been approved by BC Housing, they will receive a homebuyer’s package including a pre-approval letter, a detailed program information and buyer’s checklist, and information to provide to their mortgage expert, lender, real estate agent and solicitor. » The applicant must advise their primary lender that they have received conditional approval for a BC HOME Partnership loan to ensure that the lender will agree to the secondary financing. » Once the applicant has an accepted offer on a home, they must provide BC Housing with the details. They will then receive a conditional loan commitment letter with the amount of the BC Home Partnership loan. The applicant can take this to their primary lender to finalize financing. » The BC HOME Partnership loan approval is a conditional approval only until the final first mortgage insurance underwriting review is conducted and approved.
What is the repayment process?
Who can qualify for the BC HOME Partnership loan? All individuals who will hold both registered and beneficial interests in the home must meet all of the eligibility requirements. These include: » be a Canadian citizen or permanent resident for the past five years; » have resided in BC for the past 12 months; » be a first-time homebuyer who has not owned an interest in a principal residence; » have a gross income of all individuals listed on the title not exceeding $150,000.
The first five years are interest- and payment-free. During this time, the homeowner can make payments or repay the loan in full without a penalty. In the sixth year, interest will start accruing and payments (principal and interest) are amortized over the remaining 20 years. The initial interest rate that will apply on the fifth anniversary will be established in the loan approval letter from BC Housing.
The BC HOME Partnership loan is due and payable in full if... » the homeowner defaults on the first mortgage or the BC HOME Partnership loan; » the homeowner transfers of the home or change of ownership (including addition of a person to title); » the home is no longer the purchaser’s principal residence in the first five years. For more information on the program and help you get started in getting qualified, speak with a mortgage expert. You can also visit online at bchousing.org/housingassistance/bc-home-partnership
Alisa Aragon is a mortgage expert who develops short- and long-term strategies that are customized for each client. Her strategies include the best mortgage with the most favourable terms and rates to suit your needs. DLC Mountain View. Visit YMSG.ca or email aaragon@dominionlending.ca FEBRUARY 3 - 17, 2017 | NEW HOME & CONDO GUIDE 47
Single-family sized hillside townhomes Crest, located in the heart of Langley is a collection of 16 wellappointed 4-bedroom townhomes. Fully loaded with top of the line features every home comes with large designer kitchens, KitchenAid appliances, quartz counters and natural gas features including high efficiency furnace, condensing water heater, range and barbecue outlet.
NOW PREVIEWING BY APPOINTMENT
EssenceLiving.com/Crest
70 Ave
201 St
Act now to be one of 16 register with
200 St
72 Ave
68 Ave
19938 70 Ave., Langley
Proud to be Local Brought to you by Essence Properties, a family-run company with over a decade of history building quality homes in the Fraser Valley. *Prices quoted are exclusive of taxes, subject to availability at time of visit and/or change without notice. Renderings are an artists conception and intended as general reference only. E.&O.E.
Trending
Vancouver ranks third most-expensive city in the world
Pacific Boulevard in Vancouver’s Yaletown neighbourhood
WE ALL KNOW THAT VANCOUVER’S HOUSING MARKET is not
for the faint of wallet. Confirming the sky-high costs on a worldwide scale, the 2017 Demographia International Housing Affordability Survey has ranked the city as third most-expensive in the world. The survey examined 92 major housing markets around the world (with a population of one million people or more) and a total of 406 metropolitan housing markets in nine countries – Australia, Canada, China, Ireland, Japan, New Zealand, Singapore, the United Kingdom and the United States, for the third quarter of 2016. The survey rates middle-income housing affordability using the “median multiple,” which is the median house price divided by the median household income. A multiple of 3.0 or less is considered to be “affordable.” Vancouver scored a median multiple of 11.8, making it the third least-affordable housing market in the world, surpassed only by Hong Kong, with an eye-popping median multiple of 18.1, and Sydney, which scored 12.2. Toronto – which is Canada’s second least-affordable housing market and ninth worldwide – has a “severely unaffordable” median multiple of 7.7. Vancouver and Toronto house prices increased the equivalent of a year’s household income in 2016.
MORE TRENDING ONLINE ypnexthome.ca/news
50 YPNEXTHOME.CA
Demographia International Housing Affordability Survey Housing Affordability Ratings Housing Affordability Rating
Media Multiple
Affordable
3.0 & Under
Moderately Unaffordable
3.1 to 4.0
Seriously Unaffordable
4.1 to 5.0
Severely Unaffordable
5.1 to Over
Median multiple: Median house price divided by median household income
“House prices have been rising well above the economic fundamentals in Canada for at least a decade. Vancouver had already developed a severely unaffordable housing market in the first Survey (2004), which has been associated with its urban containment policy, adopted about five decades ago,” according to the Survey, which highlights the city’s most drastic deterioration of housing affordability among major markets, with its median multiple more than doubling, from 5.4 to 11.8. At the opposite end of spectrum, and for the fifth consecutive year, Moncton, NB was Canada’s only market to make the top 10 list of most affordable housing markets, with a median multiple of 2.1.
What’s Online
Trending now The latest real estate news from across Canada
Listen up, NIMBYs... READ THE STORY ONLINE nexthome.yp.ca/nimby-development
Secondary suites are officially the new normal READ THE STORY ONLINE nexthome.yp.ca/secondary-suites
Trendspotting with designer Jo Alcorn READ THE STORY ONLINE nexthome.yp.ca/trendspotting
Investor DNA: Do you have what it takes to succeed?
Want more great articles like this delivered directly to your inbox? SIGN UP FOR OUR NEWSLETTER
READ THE STORY ONLINE nexthome.yp.ca/investor-dna
Twitter @ypnexthome @ ypnexthome_VAN
ypnexthome.ca/newsletter
Facebook ypnexthome
Instagram ypnexthome
Pinterest ypnexthome
Visit our website: FEBRUARY 3 - 17, 2017 | NEW HOME & CONDO GUIDE 51
NATURAL LIVING ON YORKSON PARK
ONLY 7 SPACIOUS MOVE-IN READY TOWNHOMES AVAILABLE!
A collection of 3 and 4 bedroom BC cottage style townhomes on Yorkson Park by local award winning developer, Royale Properties. 1,400 to 2,200 Sq. Ft. of living from just $469,900*
Visit our 2 designer display homes today.
gabriolapark.com
Presentation Centre Open Daily 12 to 5pm (closed Fridays)
20298 - 82nd Ave Langley
*Prices quoted are exclusive of taxes, subject to availability at time of visit and/or change without notice. Renderings are an artists conception and intended as general reference only. E.&O.E. Sales and Marketing provided by Fifth Avenue Real Estate Marketing Ltd. fifthave.ca
HOMES @ TOWN CENTRE EVERYTHING + ANYTHING IS JUST AROUND THE CORNER
BE ADVANTAGEOUSLY CLOSE TO A TON OF CULINARY ADVENTURES, LOTS OF RECREATIONAL OPTIONS, AND DOWNRIGHT UNRIVALLED SHOPPING.
COMING EARLY 2017 | 778-394-8867 1, 2, 3 BEDROOM HOMES REGISTER NOW | THEGUILDFORD.CA
guildford’s got IT. In our continuing effort to improve and maintain the high standard of The Guildford, the developer reserves the right to modify or change plans, specifications, features and prices without notice. Materials may be substituted with equivalent or better at the developer’s sole discretion. All dimensions and sizes are approximate and are based on Architectural measurements. Door swings are approximate and may change. As reverse and/or mirrored plans occur throughout the development, please see architectural plans for exact details if this is material to your decision to purchase. Renderings are an artist’s conception and are intended as a general reference only. This is not an offering for sale. E.&O.E.
1 + 2 BEDRO O M URBAN C O ND O S AVAILABLE F RO M T HE $27 0’S
LIV E THE WILLOUG H B Y EX P ERI EN CE AT TH E W E X, A F T E R A L L I T ’ S I N O U R N A M E . W I T H THE N EW WIL L OUG H B Y TOW N CEN TRE O N LY S T E PS AWAY, Y O U C A N WA KE UP WITH YO UR M ORN I N G COFFEE AT M AT T U ’ S C O F F E E S H O P, BU Y F R E S H GR OCERIES DAILY AT Y OUR I N D EP EN D EN T G RO C E R , T R E AT Y O U R S E L F T O A M A N I/ PEDI AT THE N AI L B AR OR H EAD OV ER TO T H E N E A R BY T R A D I N G PO S T B R E WERY TO UN WI N D W I TH CRAFT B EER AN D F R I E N D S .
THEWEX.CA 604.513.8655 OPEN DAI LY NO O N – 5 P M ( C L O S E D F R ID AY S) 20 82 9 77A AV E N U E , L A N GL E Y Prices quoted are exclusive of taxes, subject to availability at time of visit and/or change without notice. Sales and marketing by Fifth Avenue Real Estate Marketing Ltd. E.&O.E. Fifthave.ca
Hot Properties
Find your next home! These pages feature a few of the latest condo, townhome and single-family properties to keep your eye on in the Metro Vancouver area. Find more homes at ypnexthome.ca by Susan M Boyce
LATEST LISTINGS:
previews and registration
567 CLARKE
567 CLARKE Home type: Highrise Developer: Marcon On the Street: Clarke and Como Presentation Centre: Coming soon On the Web: 567living.ca Info: Poised to become Coquitlam’s tallest tower, this elegant highrise will feature more than 20,000 sq. ft. of indoor and outdoor amenities including a 2,600-sq.-ft. Sky Lounge on the 49th level and 7,600 sq. ft. of outdoor amenities on the mezzanine level. Easy access to the Evergreen Line SkyTrain directly across the street. Priority registration now underway.
SOUTHGATE CITY Home type: Mixed-use master-planned community Developer: Ledingham McAllister On the Street: South Burnaby On the Web: SouthgateCity.com Contact: 604.544.8800 Info: Details are sparse but here’s what we know so far: it’s a 60-acre master-planned community with elegant towers plus lush garden-oriented lowrises, all encircling a meticulously planned, five-acre park with water features and gardens. Walkable to shops, restaurants, and SkyTrain. Register now to learn more.
MANTYLA Home type: Apartment residences Developer: Polygon On the Street: 3096 Windsor Gate On the Web: polyhomes.com Contact: 604.941.8305 Info: The final collection of apartment residences at Polygon’s Windsor Gate community is now taking priority registration. Spacious two- and three-bedroom apartments with open-plan
56 YPNEXTHOME.CA
Poised to become the tallest tower in Coquitlam, 567 Clarke will offer over 20,000 sq. ft. of indoor and outdoor amenities
layouts and expansive floor-to-ceiling windows. Steps to the Traboulay Trail along the Coquitlam River, Lafarge Lake, and the long-awaited Evergreen SkyTrain as well as top schools, restaurants and shopping. Exclusive membership in the Nakoma Club too – Windsor Gate’s spectacular 18,000-sq.-ft. private clubhouse.
new releases and grand openings SYNCHRO
SHAUGHNESSY RESIDENCES Home type: Townhomes Developer: Alabaster On the Street: 8100 block Shaughnessy St., Vancouver Sales Centre: 301 – 1788 West Broadway On the Web: alabasterhomes.ca/shaughnessy Contact: 604.558.5852 Info: Exciting new release of homes that include your own private garage within the secure underground parkade. Think workshop, hobby room, even Man Cave. Garages come complete with fob-controlled overhead door and a pedestrian door for easy access to your home. After all, everyone can use a bit more space.
THOMAS AT FLEETWOOD Home type: Townhomes Developer: Manorlane Homes On the Street: 84th Ave. and 157th St., Surrey On the Web: liveatthomas.com Info: Coming this spring, a new collection of 30, two-level executive townhomes boasting heritage styling, high-end finishes, traditional floor plans, plus proximity to Fleetwood’s ever-expanding amenities make this a great opportunity to be part of this friendly, connected neighbourhood.
Home type: Lowrise Developer: Bold Properties On the Street: 379 East Broadway, Vancouver On the Web: synchro.bold.ca Contact: 778.996.2653 Info: Now under construction, this collection of 29 homes is located in the heart of Vancouver’s Mount Pleasant neighbourhood features Bold’s integrated smart home technologies. From wireless climate and lighting control to keyless
entry, it’s a celebration of the principles of humancentric design. Amenities include a spectacular rooftop deck with barbecue, communal long table, and children’s play mat. Exceptional connection to transit and cycle routes, too.
HARVEST AT BOSE FARM Home type: Townhomes Developer: Platinum Group of Companies On the Street: 16488 – 64th Ave., Surrey On the Web: liveatharvest.ca Contact: 604.576.7722 Info: Just released, this new phase features a brand new floor plan with side-by-side garages, state-of-the-art KitchenAid appliances, and a choice of six distinctive front door colours so you can pick the one that best suits your personality. Visit now for best selection.
SHAUGHNESSY RESIDENCES
Garages at Shaughnessy Residences by Alabaster come complete with fob-controlled overhead door and a pedestrian door for easy access to your home
SOUTHGATE CITY
HARVEST AT BOSE FARM
Southgate City by Ledingham McAllister will be a 60-acre master-planned community coming to South Burnaby
Check out new floor plans from Harvest at Bose Farm
Tell Us Your News: Got a new development you’d like us to showcase? Drop me a note at susan@suntrackercafe.com, and we’ll do our best to get you in the next edition. FEBRUARY 3 - 17, 2017 | NEW HOME & CONDO GUIDE 57
176TH ST
184TH ST
176TH ST
184TH ST
168TH ST
152ND
South Surrey | White Rock
40TH AVE
SERPENTINE FEN NATURE RESERVE
CR
CRESCENT BEACH / BLACKIE SPIT
ES
CE
R NT
D
99a
99
1
32ND AVE 1 9
6
26TH AVE
SUNNYSIDE ACRES URBAN FOREST PARK
CRESCENT PARK
5
24TH AVE 7
Ki
24TH AVE
164TH ST
4 8 3
24TH AVE
ng 168TH ST
152ND ST
16TH AVE
148TH ST
140TH ST
y
128TH ST
Hw
16TH AVE
8
ge
16TH AVE
or
20TH AVE
Ge
SOUTH SURREY ATHLETIC PARK
MA R
160TH ST
2
INE
DR
15 10TH AVE 8TH AVE
8TH AVE 10
SOUTH SURREY / WHITE ROCK NEW CONDOS: 1. PRESCOTT COMMONS 15168- 33rd Avenue 604-541-8092
NEW HOMES: 1. DAWSON + SAWYER OLD SCHOOL 15268 28 Ave
2. DAWSON + SAWYER DAWSON'S CREEK 16321 15th Ave., Surrey
3. HYCROFT 2 16467 - 24th Ave. 604-541-2495
58 YPNEXTHOME.CA
4. GREENWAY AT SOUTHRIDGE CLUB 15828 Mountainview Dr 604-582-1113
5. SOHO
7.
2528 156th St 604-298-3000
8.
Preselling from 15879 29A Avenue, Surrey 604-560-6438
WESTSIDE 16422 26th Ave 604-372-0383
Grandview Heights 778-945-2050
6. PLATEAU AT GRANDVIEW HEIGHTS
ZIRKON
9.
OLIVIA Presentation Centre 2855 158th St Surrey 604 536 9333
10. THE CROSSING 288 171 Street 604-542-2883
99
Y
HW
HWY #15
9 #9
FINAL RELEASE FEBRUARY 11TH 67 Spacious 2, 3, and 4 bedroom townhomes in South Surrey’s Douglas neighbourhood.
CANADA UNITED STATES
OPEN 12 TO 5 PM DAILY (CLOSED FRIDAYS)
gramercy.ca/thecrossing 604.542.2883 In our continuing effort to improve and maintain the high standard of The Crossing development, the developer reserves the right to modify or change specifications, features and prices without notice. Renderings are an artist’s conception and are intended as a general reference only. E.&O.E. Sales and Marketing provided by Fifth Avenue Real Estate Marketing Ltd.
Presentation Centre 288 171 Street, Surrey
171 ST
4 AVE
Located on a tranquil country road and backing onto natural park land, The Crossing has been designed to be a respite from the busy world around it. With numerous walking trails nearby and safe residential streets, The Crossing harkens back to a time when kids played freely, and parents were free from worry.
Advice | DESIGNER ADVICE
7 LUXE LOOKS that won’t break the bank By Yanic Simard WANT TO ELEVATE your condo look
without having to spend a week living in a hotel — or in a construction zone? I’ve put together some of my top tips for giving your home a major boost without tearing open the walls, for a big decor upgrade at any time.
Area rugs » Don’t want to commit to wallpaper? This is where a large area rug comes in to add that sense of richness and texture in a big way. Even if you have beautiful hardwood floors, a large rug adds a layer of new texture (and optionally, a pop of colour) while defining a seating or dining area, with a softness that adds a sense of “home.” When it’s time for change, roll 62 YPNEXTHOME.CA
up the rug and place it in a new space, or resell it as vintage. » Size your rug to tuck fully under the furniture. For the biggest impact, run a custom sized rug from wall to wall, leaving a 12- to 18-inch border of exposed floor. A custom cut, plain, solid colour carpet can achieve this look without breaking the budget.
» Using a grid of 10, 20-by-20-inch frames, you can fill an area over three ft. tall and eight inches wide – perfect for livening up a wall in the sitting area or a hallway.
Wallpaper murals
Layered lighting
» Another way to add the look of wallpaper without the labour is to use a single roll of paper and hang it poster style across one accent wall (for the casual sophistication of a Paris apartment), or cut it to fill oversized gallery frames.
» No amount of pot lights can provide enough even lighting to unlock your space’s full potential. Plug-in sconces with beautiful cords are perfect for flanking a sofa or cabinet, and will help
MORE ADVICE ONLINE ypnexthome.ca/news/advice
…continued on page 64
NEW SHOWHOME NOW OPEN 2573 164A Street
balance to a heavy furniture piece with some extra light. » Try a long swing-arm sconce to add light over hard-to-reach places, like on a compact desk or over a favourite reading chair.
Headboards » Upgrading to an oversized, upholstered headboard can really fill in the look of a bedroom, especially if you choose an extra-tall style to give some play of height. Many companies supply standalone headboards that can be attached to any bed, so you can make this upgrade without changing your existing frame and mattress. » Choose an oatmeal beige to subtly contrast white walls, or use a royal blue for a restful pop of colour (and leave the sheets clean and white).
Regal mouldings » Whenever possible, now I usually install extra deep baseboards (eight inches plus) in homes to give a high-end European look. You can upgrade just your baseboards to give your walls a new look, or for an even easier solution, simply add an extra strip of moulding above the top of your baseboards to stretch the existing boards a little taller. » Consider crown moulding in places like ceiling coves or windowless bathrooms. It finishes the ceiling in a stately way that lends a sense of history.
Mixed and match » Matching furniture can be pleasant, but can lack personality. Mixing materials and textures lends a sense of energy, so try contrasting opposites like wood versus sleek mirror, or stainless steel against antiqued bronze. This applies to
fabrics too, like leather and wool. » A sofa with two chairs is a classic seating configuration, but there’s no rule that says the chairs have to be the same. Try a low lounger for when you feel like sinking in, and a more formal upright seat for reading or conversation. Blending periods and silhouettes will give your home a little edge.
Flowers » A vase of fresh flowers isn’t only for magazine shoots. A few blossoms can add life to your space. One of my favourite clients would keep vivid carnation blossoms in bud vases and this simple touch gave a sense of care to her entire home. » Blooms in the bathroom are extraunexpected. Add a live tropical orchid to your vanity or perched on a stool next to the shower/tub.
Yanic Simard is New Condo Guide’s design editor, principal designer of award-winning interior design firm TIDG (tidg.ca), and regular guest expert on City’s Cityline.
64 YPNEXTHOME.CA
Finely Appointed 4-Bedroom Townhomes Settled on a quiet residential street in South Surrey, minutes from the heart of Grandview Heights, this collection of 30 finely-appointed townhomes offers an exquisite finishing package. With more than 2,000 square feet of living space, these homes were designed for entertaining, with grand-scale interiors, rich with modern elegance and contemporary fixtures. This unique and private community of well-designed homes provide an opportunity to live a lock-and-go lifestyle without giving up the luxury of a custom single-family home.
PREVIEWS START IN EARLY MARCH Sign up for f irst in line access. EssenceLiving.com/Evolve
Proud to be Local Brought to you by Essence Properties, a family-run company with over a decade of history building quality homes in the Fraser Valley. This is currently not an offering for sale. Such an offering can only be made by way of disclosure. E.&O.E. Sales and Marketing provided by Fifth Avenue Real Estate Marketing Ltd. fifthave.ca
RO SS RD
NM
Sky H
wy
R VE GO EN
TR
Sea To
North Shore | Squamish | Whistler D
DR ORO
UG H CHEAKAMUS WAY
1a MARINE DR
GA
A4
RI
MARINE DR
BOULEVARD
I LD
BA Y WA
S
SQUAMISH
A1
W AY
KI
YR
E
NT
GH
LA
ND
S
SEABUS
y
a
Se
VE R GO
NM
E NT
To
Sk
CENTENNIAL WAY
LOGGERS LN
QU E E NS WAY
BRENNAN PA R K
B1
MAGEE ST
B2
SQUAMISH
NEW CONDOS:
NEW CONDOS:
A1. CONNAUGHT
B1. RAVENSWOOD
A3. PROMENADE AT THE QUAY 21 Lonsdale Avenue 604-986-8862
99
A4. GROSVENOR AMBLESIDE grosvenorambleside.com 604-922-1380 CH E
B UC
SQUAMISH
KLEY AVE
UD TEA PLA
AR
DR
3R
2N
DA VE DA VE
CL
VAL LEY
SEARCH ONLINE ypnexthome.ca
66 YPNEXTHOME.CA
KE
DR
R
VE YA WA AV ST UT WE E N T AV ES CK CH LO M R HE DD OR ILF GU
IN S T
www.ravenswoodliving.ca 604-670-7862
R RY
NEW HOME:
DR
A1. CONNAUGHT Edgemont Blvd. & Ridgewood Dr. 604-699-0036
38220 Eaglewind Boulevard 604-892-5888
rton
Dolla
B2. SUMMITS VIEW AT EAGLEWIND
3rd St. E & Ridgeway Ave. 604-770-0791
ROBIN DR
E M A
NORTH SHORE
A2. KINDRED FINCH DR
A2
EL RD
Edgemont Blvd & Ridgewood Dr 604-699-0036
RAVEN DR
LYNN CANYON PARK
KEITH RD E
LEV LOW
y
w
RD
N
RD
MT SEYMOUR PKY
A3
STANLEY PARK H
N LY
EY LL A V
KEITH RD W
DR
HI
MAMQUAM RD
Mountain Hwy
LONSDALE AVE
DR NS
MATHERS AVE
SD AL EA VE
DR
LIGHTHOUSE PARK
DEMPSAY RD
LO N
INE
DALE R D
PERTH DR
MAR
CH IPPE N
CAPILANO RIVER REGIONAL PARK
TH B
ESS
RD
STE VE
R CYP
L BOW
TANTALUS RD
CYPRESS FALLS PARK
SOU
NELSON CANYON PARK
15TH ST
DR
LYNN HEADWATERS REGIONAL PARK
21ST ST
RUN
NORTH SHORE CYPRESS
25TH ST
EAG LE
CYPRESS BOWL RD
DEPOT RD
Hwy
NORTH SHORE/SQUAMISH/WHISTLER
OV BU E R ILDI 75 NG O % NE SO LD
NOW SELLING
1 & 2 BEDROOM PREMIUM APARTMENT RESIDENCES Kindred embraces the best of life in North Vancouver. Situated in Moodyville, a well-established, family friendly neighbourhood, the premium 1 & 2 bedroom apartment homes boast stunning views, direct access to parks, greenways and transit, and the convenience of being a short stroll from Lower Lonsdale’s shops, restaurants and entertainment.
J
FEATURE HOME TWO BEDROOM + DEN 1072 SQ FT
BALCONY LIVING BEDROOM
LIVE LARGE •
2 bed & den with 2 full baths over 1,000 sq.ft.
•
2 parking stalls
•
Walk-in closet in master
•
Ensuite with dual vanities & separate tub/shower
•
Oversized kitchen with island & bar seating
•
From $699,900
DINING
BATH
MASTER BEDROOM
W/D
DEN
KITCHEN
BATH
PRESENTATION CENTRE NOW OPEN 133 West 1ST Street, North Vancouver Noon - 5pm daily (closed Fridays)
Pricing is subject to change without notice. Dimensions, sizes, specifications, layouts and materials are approximate only and are subject to change without notice. E.&O.E.
FEBRUARY 3 - 17, 2017 | NEW HOME & CONDO GUIDE 67
NORTH SHORE/SQUAMISH/WHISTLER
looking for a new home? It’s only a tap away. Find the perfect new home or condo in the neighbourhood that fits your lifestyle. S TART S EARCHI NG NOW!
DOWNLOAD THE APP
68 YPNEXTHOME.CA
PHASE 2 NOW SELLING RAVENSWOODLIVING.CA 604.670.7862
3 SHOWHOMES NOW OPEN 39289 Falcon Crescent | Open Weekends, 1-5pm
CEDAR DR
Pitt Meadows | Maple Ridge
DOMINION AVE
224TH ST
DEWDNEY TRUNK RD
Lo
ug
he
ed
210TH ST
DEWDNEY TRUNK RD
Hw
DEWDNEY TRUNK RD
232RD ST
203RD ST
1
228TH ST
HARRIS RD
FORD RD
124TH AVE
123RD AVE
227TH ST
M EADOW GARDENS GOLF COURSE
224TH ST
216TH ST
y
DEWDNEY TRUNK RD
240TH ST
PITT M EADOWS
207TH ST
S BONSON RD
HARRIS RD
AIRPORT
R IVE
R RD 116TH
248TH ST
HAMMOND RD
AVE
D E R BY R EACH R E G I O N A L PA R K
2
A KA KAN
WAY
110TH AVE 108TH AVE GOLDEN EARS BRIDGE
N
y
Hw
104TH AVE
102TH AVE
NEW CONDOS:
NEW HOMES:
1. FALCON HOUSE
2. RUXTON VILLAGE
Presentation Center 12011 224th Street 604-477-1500
SEARCH ONLINE ypnexthome.ca
70 YPNEXTHOME.CA
Burnett Street & Haney Bypass 604-380-0300
JAC KS O
ed
ghe
Lou
240TH ST
DR MACLU RE
OVER NOW
65% 70% SOLD SOLD
124 AVE 124 AVE
PRESENTATION CENTRE PRESENTATION DEWDNEY TRUNK CENTRE RD DEWDNEY TRUNK RD DOWNTOWN MAPLE RIDGE DOWNTOWN MAPLE RIDGE
LOUGHEED HIGHWAY LOUGHEED HIGHWAY
2272S2T7 ST
2242S2T4 ST
2222S2T2 ST
PROJECT SITE > PROJECT SITE >
7 7
N N
Trending
Bank of Canada holds interest rate steady Residential investment tempered by changes to mortgage rules and rising mortgage rates THE BANK OF CANADA has made its first
interest rate announcement of 2017 – and the first since Trump took the presidential election south of the border. As expected, the Bank held its rate steady at 0.5 per cent, noting that uncertainty about the global outlook is undiminished, particularly with respect to policies in the United States. “In our discussions, Governing Council was particularly concerned about the ramifications of US trade policy, because it is so fundamental to the Canadian economy. But we cannot capture these in our projections because they are simply unknown at this point,” Bank of Canada governor Stephen Poloz said in his opening statement at the Monetary Policy Report press conference. The Bank has made initial assumptions about prospective tax policies only, resulting in a modest upward revision to its US growth outlook. Overall, the global economy is strengthening largely as expected and prices of some commodities, including oil, have risen. The rapid back-up in global bond yields, partly reflecting market anticipation of US fiscal expansion, has pulled up Canadian yields relative to the October Monetary Policy Report. In contrast to the US, Canada’s economy continues to operate with material excess capacity. While employment growth has remained firm, indicators still point to significant slack in the labour market. The resource sector’s adjustment to past commodity price declines appears to be largely complete, but negative wealth and income effects will persist. Meanwhile, the Canadian dollar has strengthened along with the US dollar against other currencies, 72 YPNEXTHOME.CA
MORE TRENDING ONLINE ypnexthome.ca/news
exacerbating ongoing competitiveness challenges and muting the outlook for exports. Consumption is expected to remain solid, while residential investment will be tempered by previously announced changes to housing finance rules and by mortgage rates that have risen in response to higher bond yields. Federal and provincial fiscal measures are still expected to support growth in 2017. Bearing in mind the important assumptions embedded in its forecast, the Bank projects that Canada’s real GDP will grow by 2.1 per cent in both 2017 and 2018. This implies a return to full capacity around mid-2018, in line with October’s projection. Inflation in Canada has been lower than anticipated since October, mainly because of declines in food prices. Measures of core inflation are below 2 per cent, reflecting material excess capacity in the economy. As consumer energy prices rise and the impact of lower food prices dissipates, inflation is expected to move close to the 2 per cent target in the months ahead and remain there throughout the projection horizon while excess capacity is being absorbed. “In the context of a projection that is largely unchanged, the Bank’s Governing Council judges that the current stance of monetary policy is still appropriate and maintains the target for the overnight rate at 0.5 per cent. Governing Council will continue to assess the impact of ongoing developments, mindful of the significant uncertainties weighing on the outlook,” Poloz concluded. The Bank’s next scheduled overnight rate announcement will be March 1, 2017. The next full update of the Bank’s outlook for the economy and inflation, including risks to the projection, will be published in the Monetary Policy Report on April 12.
BRITISH COLUMBIA’S NEW HOME & CONDO DEVELOPMENTS PROJECT
ABBOTSFORD Allwood Place Cedar Landing Eagle Estates Eagles Gate Falcon Ridge Foxwood Mahogany at Mill Lake Mill District Mount Waddington Straiton Estates
TYPE
CONTACT
PRICE
PROJECT
TYPE
CONTACT
PRICE
Delta Rise
HR
604-594-7473
Call
Fairwinds
TH
604-946-8812
From $599,900
Muse
LR
liveatmuse.com
From $199,900
South Pointe
SF
604-584-2908
From $699,900
Sunstone
TH
sunstonevillage.ca
Call
Brio
LR
604-943-8811
Call
Harbour Walk
LR
604-274-7326
Pelican Cove
TH/DU
604-943-6677
From $589,900
SF
604-271-7288
Call
Tsawwassen Shores
SF
604-943-6677
From $499,900
Tsawwassen Springs
SF/LR
604-948-HOME
Call
Archstone Yorkson
TH
604-888-9671
Call
Argyle
TH
liveatargyle.com
Coming Soon
Ashbury + Oak
TH
604-539-6281
From $489,900
Crest
TH
604-318-5167
Call
The Belmont at Heritage
LR
778-277-1611
Call
Everly Green
TH
604-371-3832
Call
Gabriola Park
TH
604-371- 1892
Grace
MR
Hutton
TH
huttontownhomes.ca Coming Soon
Lattice at Milner Heights
TH
604-371-0928
Call
Prestwick at Milner Heights
TH
604-371-0928
Call
DELTA TH TH SF SF SF SF HR MR TH SF
BURNABY Arcola Churchill The City of Lougheed Concord Brentwood The Dawson Fulton House Gold House Imperial Kings Crossing Lougheed Heights Lumina Novella OakTerra Pacifico Pixel Savile Row Simon Solo District Station Square The Peak Trio Triomphe Veritas Verdi on the Heights
604-260-6797 604-850-5040 604-859-3141 604-309-7729 604-309-0540 604-850-5040 778-255-9990 604-621-5888 604-618-1555 604-850-5040
TH TH HR HR HR HR HR HR HR HR HR MR LR TH LR TH LR HR HR HR LR HR LR MR
COQUITLAM 1123 Westwood Amberleigh Brookmere Charland Dwell24 Foster Ave Rowhomes Kingston Lougheed Mantyla Mont Bleu Nelson on Foster Novella Parker House Stanton House Sterling The Ridge at Burke Mountain Phase 2
Call From 274,900 inc net GST From $599,900 From $373,500 From $789,000 From $524,900 Call Coming Soon Call Call
604-671-8805 Coming Soon 604-363-2627 Coming Soon 604-328-7128 Call 604-435-1383 From $299,900 dawsonbyamacon.com Coming Soon 604-299-8573 From $423,900 goldhouseliving.com Coming Soon imperialbyamacon.com Call cressey.com/kingscrossingbycressey Coming Soon 604-939-2677 Call luminabrentwood.com Coming Soon 604-536-5777 Call 604-431-6033 Call 604 294 3802 Call pixelburnaby.com From $399,900 604-833-1606 Call 604-420-4896 Call solodistrict.com Coming Soon 604-438-1113 Call 604-559-5795 Call 604-218-3338 From $249,900 604-828-1373 Coming Soon 604-298-9965 From $409,900 604-563-3020 Call
HR SF HR LR TH TH SF HR HR HR LR MR LR
604-472-1123 604-514-4359 604-259-5991 604-492-3388 604-620-6616 intracorp.ca 604-514-4359 604-939-2677 604-841-8305 montbleu.ca 604-998-8998 604-563-5777 604-945-8741 604-871-2439 604-464-2260 foxridgehomes.ca
SF SF
Penthouse (PH)
Live Work (LW)
Call Coming Soon Call Call From $759,900 Coming Soon Coming Soon Call Call Coming soon Call Call From $439,900 Coming Soon From $689,900 Call
City Home (CH)
High Rise (HR)
TSAWWASSEN
Tsawwassen Heights
LANGLEY
Call Coming soon
Walden
TH
604-561-0889
Coming Soon
The Wex
MR
604-513-8655
Coming Soon
Willoughby West
SF
604-371-0733
Call
Zetter Place
TH
778-298-2252
Call
The 222
LR
604-767-5913
From $184,900
Edge on Edge 2
LR
604-466-8783
Call
Falcon House
LR
604-477-1500
Call
Magnolia Grove
TH
604-534-1234
Call
Ridgemont
TH
604-476-1777
Coming Soon
Rockridge
TH
www.archstone.ca
Coming Soon
Ruxton Village
TH
604-380-0300
Call
Station One
LR
778-878-1347
From $164,900
Willow
TH
lifeatwillow.com
Call
TH
1-888-826-1177
From $319,800
MAPLE RIDGE
MISSION / HARRISON Horizons Mid Rise (MR)
Low Rise (LR)
Loft (LO) Duplex (DP) Townhouse (TH) Row Home (RH)
BRINGING PEOPLE HOME CONNECTING BUYERS TO THE BEST NEW HOME OPPORTUNITIES IN METROPOLITAN VANCOUVER
FIFTHAVE.CA
N E W H O M E S A L E S AND MARKETING EXPERTISE
FEBRUARY 3 - 17, 2017 | NEW HOME & CONDO GUIDE 73
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@ypnexthome.ca PROJECT
NEW WESTMINSTER Brewery District – The Columbia Elliot Lotus Parkside at Victoria Hill The Peninsula The Royal at Victoria Hill Thompson Landing NORTH VANCOUVER Atrium at the Pier CentreView Connaught Edgemont Village Grosvenor Ambleside Juniper at Timber Court Kindred Latitudes Maplewood North Northlands Pinnacle Residences at the Pier Promenade at the Quay Tatlow Trophy at the Pier Seymour Village x61 PITT MEADOWS Orion
TYPE
CONTACT
PRICE
HR HR LR HR MR LR SF
604-525-3941 604-662-8009 604-782-1706 604-523-0733 604-544-2258 604-523-0733 604-520-3226
From $289,900 Call Coming Soon Call Call Coming Soon From $476,900
TYPE
CONTACT
HR/MR/TH
604-303-0148
Call
MR/HR
604-303-0148
Call
Quintet
HR
604-303-8878
Call
Riga
TH
604-715-1250
Call
Riva
MR
604-278-8825
Call
River Green
MR
604-233-2633
Call
River Park Place
MR
604-356-7719
Call
MR/TH
604-233-2633
Call
Pinnacle Living at Capstan Pinnacle Living Sorrento
River Inlet MR/TH HR LR/TH HR LR MR TH LR LR/TH MR HR LR MR TH LR/TH
604-983-9065 604-998-8540 604-699-0036 604-922-1380 604-988-3617 kindredmoodyvill.ca 604-435-9477 604-727-1594 604-800-2120 604-983-9065 604-986-8862
LR
PRICE
Vogue
TH
604-715-1250
Call
Westminster Terrace
TH
604-204-1077
Call
Breeze
TH
604-313-4228
Call
Elaho
TH
604-898-2232
Coming Soon
604-983-9065 604-924-0818 604 971 3181
From $379,900 Call Call Call Call Coming Soon From $469,900 From $378,900 Call Call From $718,000 Coming Soon Call From $699,900 Call
www.orionliving.ca
Coming Soon
SUNSHINE COAST
SQUAMISH / WHISTLER
Ocean Crest
SF
604-896-2235
From $1,298,000
ParkHouse
LR
604-567-5433
From $167,900
Ravens Plateau
SF
1-888-852-7575
Call
Ravenswood
SF
604-670-7862
From $800,000
Seven Peaks
TH
604-871-4191
Coming Soon
Summits View
TH
604-892-5888
From $559,900
Aqua University Heights
TH/LR
1-877-344-5566
From $239,000
LR
1-888-852-7575
Call
SECHELT
PORT COQUITLAM Fremont Indigo Parc East Salisbury Lane
TH LR TH
604-552-0319 604-472-9499 604-475-1172
Call Call Call
PORT MOODY Station, The
TH
604-492-3338
Call
Penthouse (PH)
Live Work (LW)
City Home (CH)
Edgewater at Porpoise Bay
TH
604- 885-8556
From $309,900
SilverStone Heights
SF
604-741-1877
From $479,900
SURREY
RICHMOND Alfa HR 604-276-2532 Call Calla at the Gardens MR 604-271-3331 From $300,000s Concord Gardens HR 604-233-7748 From $300,000’s Dahlia at The Gardens MR 604-271-3331 Coming Soon Elle HR 604-273-1313 From low $300’s Empire Living TH 604-244-9622 Call Grand, The HR 604 278 3880 Call Jasmine at The Gardens TH 604-271-3331 Coming Soon Kenstone Gate TH 604-218-3338 From $529,900 Kingston Gate TH 604-760-6024 Call Livia TH 604-364-2159 Call Mandarin Walk LR/TH 604-278-0808 Call Monet HR 604-233-7748 From $300,000’s Opal at Richmond Centre HR 604-303-7575 From $464,900 Ora HR 604-278-8838 Call Orchid by Beedie HR info@orchidbeedie.ca Coming Soon Parc Riviera MR 604-231-5900 From Low $200’s 234214_Axis_NHBG_BannerAd_(Full_Bleed)_prs01.pdf 1 Park Residences at Minoru HR 604-303-8878 Call Pier, The LR 604-274-7326 Call
74 YPNEXTHOME.CA
PROJECT
High Rise (HR)
3 Civic Plaza
HR
604-951-3331
Call
Esplanade at Waterstone
LR
604-530-5399
From $219,900
Evolve
HR
604-497-0102
Call
Greenwood Townhomes
TH
604-621-3331
Coming Soon
Guildford The Great
TH
778-293-2222
Call
The Guildford
LR
778-394-8867
Coming Soon
Harvest at Bose Farms
TH
604-576-7722
Call
Heights
TH
604-618-6175
From $339,900
Highcrest
TH
604-584-7273
From $345,900
HQ
LR
porte.ca/HQ
Coming Soon
The Links Residences
TH
infinityproperties.ca
Coming Soon
Panorama 62
TH
778-885-6700
Call
Park Avenue West
HR
604-583-9866
From $250’s
Park Place Village
TH
604-617-7763
From $359,000
Prime on Plaza
HR
604-498-3888
Call
Sync
TH
778-590-7283
Call
Summit 2015-01-16 11:37 AM University District
TH
778-591-6685
From mid $600’s
HR
604-588-5795
From $233,900
TH
604-833-9193
Call
Westpointe Mid Rise (MR)
Low Rise (LR)
Loft (LO) Duplex (DP) Townhouse (TH) Row Home (RH)
PROJECT
TYPE
VANCOUVER & AREA DOWNTOWN 1335 Howe 188 Keefer Addition Avenue One Burrard Place The Charleson Eventide Fairmont Pacific Rim Estates Oak Flats Private Residences at Hotel Georgia, The Tate Downtown
CONTACT
PRICE
HR LR HR HR HR HR LR HR LR HR HR Trump International Hotel and Tower® Vancouver HR Vancouver House HR
Onni.com 604-620-2018 604-620-6692 avenueone.ca burrardplace.ca 604-689-8535 604-783-1044 604-781-4303 bold.ca 604-682-8107 604-568-8283 604-568-7888 604-893-8958
Coming Soon Call Call Coming Soon Coming Soon Call Call Call Coming Soon Call Starting at $399,900 Call Call
EAST SIDE Avalon Mews Belpark Brownstones Focal Francis Gem, The Grandview Cascades Kensington Gardens Maisonette Paragon Renfrew & 2nd River District - Avalon Park R+R Skyway Strathcona Gardens Triumph View338 Woodshire
604-438-5050 604-891-1281 604-464-4764 604-563-6777 604-330-8848 liveatthegem.com grandviewcascades.com 604-620-7886 604-325-8111 604-688-5566 604-830-3938 604-879-8830 604-434-2205 604-436-1100 604-328-9940 604-563-6200 604-303-8838 604-719-1700
Call Call From $869,900 Coming Soon Call Coming Soon Coming Soon Call Call Coming Soon From $259,900 Call $534,900 Call Call Call From $219,900 From $420,900
WEST SIDE 7302-7358 Granville 1555 West Eighth 41West 6th & Yukon 8X On The Park 99 West W10th & Maple Aperture Arbutus Ridge Aston Boulevard Cambie Star Cambridge Mews Canvas Cardero Citti Epic at West Eton Granville at 70th Hawthorne Henry Kerrisdale Gardens
TH TH TH LR TH LR TH LR TH LR LR HR/MR/CH LR HR TH TH LR TH
TH LR/MR MR LR HR MR MR/TH LR/TH MR TH MR MR TH MR HR MR HR LR/HR HR TH TH/MR MR Penthouse (PH)
604-891-1288 604-828-3998 604-563-8336 cressey.ca 604-801-6861 604-620-8600 604-239-2080 604-345-9000 604-738-0001 604-418-6809 604-685-5778 604-876-9222 604-808-3058 604-875-8508 604-568-5888 604-880-6880 604-707-9378 604-221-8598 604-687-2298 604-558-1907 604-715-6060 604-559-9848 Live Work (LW)
PROJECT
TYPE
CONTACT
PRICE
Livingstone House MC2 McKinnon by Cressey Monarch Oak + Park One, The Parc 26 Parc Elise 35 Park West Pinnacle Living at False Creek Pinnacle Living Broadway Primrose Prodigy Q16 Shaughnessy Residences Sterling Sota The Kirkland The Leveson The Spot The Ivy The Creek/Navio The Grey The Regent Tisdale Tudor House W10th & Maple
LR HR LR/TH MR TH HR MR/TH MR/TH LR MR MR TH MR TH TH LR HR TH TH MR LR HR MR TH TH TH MR/TH
604-998-8988 604-638-9998 604-428-8858 604-568-6883 604-558-5851 604-874-8368 604 336 6380 604-336-6380 604-563-8336 604-874-8368 604-739-2080 PrimroseVancouver.com 604-221-8878 604-263-8090 604-558-5848 604-428-8858 604-671-1025 604-808-0886 604-88-3012 604-568-6886 604-566-5888 604-681-8282 thegreyliving.com 604-273-1313 778-846-5990 778-939-9280 604-739-2080
From $639,900 Call From $2.2 Million From $444,900 Call Call Call Call Call Call Call Coming Soon From high $300s Call Call Call From 2.5 million Call Call From $269,900 Call Call Coming Soon Call Call Register now Call
MR LR LR
604-922-0330 604-836-7355 cressey.com
Call From $490,000 Coming Soon
MR/PH
778-265-3464
From $324,900
WEST VANCOUVER Evelyn Galleries on the Bay Kerrisdale by Cressey VICTORIA Black & White WHITE ROCK / SOUTH SURREY Blu The Crossings Dawson Creek Edgewood Gate Evolve at the Hamptons Grandview Heights Hudson Hycroft 2 Kitchener Old School Olivia Pacific Heights Plateau at Grandview Heights Prescott Commons SoHo South on 16th South Ridge Club Westpointe Westside at Orchard Grove Zirkon
Call Call Call Coming Soon Call From $528,800 From $429,900 Call Call Call From $367,400 Call Call Call Call Call Call From $888,000 Call Coming Soon Coming Soon From $540,900
City Home (CH)
High Rise (HR)
Mid Rise (MR)
Low Rise (LR)
TH TH TH SF TH TH TH TH RH TH TH SF SF TH TH TH TH SF SF TH
604-691-5160 From $679,000 Inc. GST 604-542-2883 Call dawsonsawyer.ca Coming Soon foxridgehomes.ca Coming Soon EssenceLiving.com/Evolve Coming Soon discovergrandviewheights.com 604-542-7088 Call 605-541-2495 Call 604-538-8895 Call www.dawsonsawyer.ca Call 604-536-9333 Call foxridgehomes.ca Coming Soon 604-560-6438 Call 604-541-8092 From $299,900 604-560-0272 Call 604-720-7478 From $609,900 604-582-1113 From $420’s 604-833-9193 Call 604-372-0383 Call 604-298-3000 Call
Loft (LO) Duplex (DP) Townhouse (TH) Row Home (RH)
Real Estate Intelligent. MLA Canada is the most comprehensive real estate service provider in Canada. Partnering with residential developers, MLA Canada offers an unmatched level of expertise in advisory services, market intelligence, project marketing, sales, customer care, and administration.
mlacanada.com
4 EE BU 67 00 4 04 I3M 6 P5E5R5I 0A L| SiTmR p eTr i a l bRyNaAmBaY c o n . c o m O P E N D A I LY 1 2 - 5 P M ( C L O S E D F R I D AY )
VISIT THE PRESENTATION CENTRE TODAY 4700 IMPERIAL STREET BURNABY O LYR E1S2E-N 5P MT I(O CNL OCSEENDT RF ER I TDOAY ) Y V IPSEI TN TD HA E IP TA DA
The developer reserves the right to modify the information contained herein without notice. Renderings, views, layouts, specifications, finishes, sizes and prices are subject to change and may not be accurate. Sales by MLA Canada Realty.
604 436 5550 | imperialbyamacon.com
The developer reserves the right to modify the information contained herein without notice. Renderings, views, layouts, specifications, finishes, sizes and prices are subject to change and may not be accurate. Sales by MLA Canada Realty.
1, 2 AND 3 BEDROOM HOMES & TOWNHOUSES IN THE HEART OF METROTOWN
TA I L O R E D L I V I N G AWA I T S 1, 2 AND 3 BEDROOM HOMES & TOWNHOUSES TA I L O R E D L I V I N G AWA I T S IN THE HEART OF METROTOWN
NOW SELLING NOW SELLING
Mill District Intelligent design. Impeccable craftsmanship. Location
Abbotsford Builder
Heinrichs Developments Development
Mill District Home Type
Condominiums Sales Centre
2555 Ware St. Contact
604.621.5888, info@milldistrict.ca milldistrict.ca
IDEALLY LOCATED in a peaceful park-side location, the highly anticipated Mill District is set to inspire an exceptional quality of life. This refined collection of 82 homes ranges from one- to four-bedroom designs, and is conveniently situated in the heart of Abbotsford’s Mill Lake neighbourhood. Residents here will enjoy a close connection to nature with exceptional access to the diverse amenities found in Abbotsford and beyond. Sevenoaks Shopping Centre and a variety of dining destinations are just steps away, as well as local grocers, farmers’ markets, schools, and a community centre nearby – this is a truly walkable community.
New level of sophistication Contemporary architecture fuses clean lines with timeless elements, highlighting the natural surroundings and adding a sense of quality and distinction to the Mill Lake neighbourhood. The streamlined aesthetic created by local award-winning architect David Tyrell carries through to the sophisticated and elegant interior design by i3 Design.
Inside, these spacious, intelligently designed homes feature open and bright layouts, warm colour palettes and refined finishes. Floor plans, ranging from 684 to 1,668 sq. ft., have been thoughtfully designed to maximize functionality and flow. Inviting kitchens feature spacious islands, detailed tile backsplashes, and sleek stainless steel appliances. Ensuites offer a seamless blend of elegance and function, with European plumbing fixtures, solid wood cabinetry and frameless glass showers. Every home also has a balcony or private patio, for admiring the mountain views or vistas of Mill Lake. Mill District offers the added enjoyment of turn-key, maintenance-free convenience with the feeling of single-family living. In the coming weeks, you can experience Mill District for yourself. The Mill District presentation centre will open on March 4, 2017, at 33323 South Fraser Way in Abbotsford. For more information about this highly anticipated collection, register online at MillDistrict.ca or call the sales team at 604.621.5888.
EXCLUSIVE GRAND OPENING COMING MARCH 4TH Mill District enjoys a premier parkside location in Abbotsford’s Mill Lake neighbourhood. Peaceful and connected, nature is at your doorstep with urban conveniences just steps away. Intelligently designed and impeccably crafted, Mill District brings a new level of sophistication to every living.
REGISTER TODAY
MillDistrict.ca | 604.621.5888 PRESENTATION CENTRE – COMING SOON 33323 South Fraser Way, Abbotsford BC Sales and Marketing by MLA Canada Realty. This is not an offering for sale. Any such offerings may only be made with a Disclosure Statement. E.&O.E.
TRI-CITIES BEST VALUE - REGISTER TODAY Exercise enthusiasts will find hiking and cycling paths extending in every direction. Nearby there’s an abundance of recreation centres, libraries, schools, and easy transit connections — including the brand new Evergreen SkyTrain line and West Coast Express. And when you do need to head into Vancouver, it’s a bridgeless commute whether you choose Lougheed Hwy, the No. 1 Hwy via Mary Hill Bypass, or prefer the scenic Barnet Hwy through Burnaby. And when you feel like challenging your taste buds, the sheer diversity of ethnic cuisines may leave you breathless: Asian, Thai, Mediterranean, East Indian, and traditional favourites like Earl’s and Papa John’s Pizza. Grab your significant other and check out a flight of hoppy, new flavours at one of the many craft beer hotspots such as Burke Beer House or the Gillnetter Pub.
DON’T MISS OUT Parc East is now taking priority registration at ParcEast.ca. Presentation centre opens soon on Wilson Avenue. In order to receive more information, be sure to register now so that you are on the VIP list. Once you are registered, you will receive an invitation to Parc East’s exclusive viewing event where you will have a chance to purchase at special VIP pricing.
Location
Eastern Tri-Cities Development
Parc East Home Type
Lowrise Sales Centre
120 – 2255 Wilson Avenue, Port Coquitlam Contact
parceast.ca
TRI-CITIES BEST VALUE - REGISTER TODAY
Parc East A Place Of Your Own
LONG CONSIDERED ONE OF METRO VANCOUVER’S HIDDEN GEMS, the Eastern Tri-Cities are known for their out-going, friendly ambiance and urban vibe. Shopkeepers here tend to know their customers by name, and it’s common to see diverse gatherings of friends of all ages engaged in lively conversations over coffee, lunch, or even while walking their dogs.
Coquitlam Centre
“Parc East will be the most affordable, designer condominiums in the Tri-Cities market.” - Nicole Castle Best of all, there’s good news coming for anyone looking for a brand new condominium in the heart of it all. Introducing Parc East, a stylish collection of 57 homes, Parc East is located steps from Shaughnessy Village, Coquitlam Centre, the new Evergreen SkyTrain Line, and of the neighbourhood favourites, the Traboulay Trail.
AMAZING VALUE “The Eastern Tri-Cities neighbourhoods have always been the best value in this area, and Parc East will be the most affordable, designer condominium currently on the market,” says Nicole Castle, Sales Manager. She adds that it would also be a welcome addition to the Tri-Cities which has traditionally been an under supplied condo market. “In December, there were only 12 active resale listings in all of Tri-Cities, and only two sales centres open with lowrise homes available. So people are getting extremely excited by this opportunity.” Parc East homes will range from 463 to 1,077 square feet and will offer everything from stylish studio suites for first time home buyers, to spacious three bedroom
homes, perfect for growing families or for active downsizers. And, although Nicole is keeping final details a secret for now, with well-known designer Cristina Oberti creating the interiors, you just know they’re going to be a cut above the rest. Nicole adds that “If you register now, you’ll be able to choose the colour scheme you like best and take advantage of the best selection.”
LOVE YOUR NEIGHBOURHOOD If you’re still thinking the Eastern Tri-Cities is like a sleepy little village, think again. Today, this urban mecca has what it takes to satisfy your cravings. Amenities ranging from farmers markets, to European-style bakeries, art galleries, to live comedy at the Giggle Dam are all within a five-minute walk of Parc East. Coquitlam Centre, where you’ll find a plethora of shops ranging from Lululemon and H&M, to big-box retailers like The Bay, is just under 15-minutes away. You can even expand your mind at the state-of-the-art Douglas College Campus near Lafarge Lake.
ABOVE ALL ELSE LEVEL 49 SKY LOUNGE 2,600 SF
LEVEL 28 LIFESTYLE AMENITIES 6,650 SF
COQUITLAM’S TALLEST TOWER boasts over 20,000 SF of indoor and outdoor amenities and access to the Evergreen Line Skytrain directly across the street.
MEZZANINE OUTDOOR AMENITIES 7,600 SF
LOBBY 3,000 SF
the intersection of life + style coming spring. Register now
567LIVING.COM This is not an offering for sale. Any such offering can only be made with a disclosure statement. Artist’s renderings and maps are representations only. E.&O.E. Marcon Clarke Homes Ltd.