Issuu

JAN 6 - 20, 2017 VOLUME 2, ISSUE 1, FREE

METRO VANCOUVER EDITION

TUDOR HOUSE SALES GALLERY

GRAND OPENING JANUARY 21ST REGISTER TODAY TUDORLIVING.CA

A TIMELESS COLLECTION OF 15 TOWNHOMES LOCATED IN VANCOUVER INSIDE THIS ISSUE

2017 REAL ESTATE TRENDS AND FORECASTS: INDUSTRY INSIDERS CHIME IN

TOP 10 REAL ESTATE NEWSMAKERS OF 2016

HOT PROPERTIES, COOL COMMUNITIES TO CHECK OUT THIS YEAR

New Year Bonus On Now

COMING SOON 2 + 3 BEDROOMS

New Year Bonus On Now For A Limited Time!

JANUARY 6 - 20, 2017 | NEW HOME & CONDO GUIDE 7

T H E

, 0 0 3 1 0 SQUARE FOOT HOME

W NOING L SEL

2 BEDROOMS STARTING FROM $495,900*

WITH A 10,000-SQUARE-FOOT INDOOR AMENITY SPACE, GARDEN PLOTS, AN OFF LEASH DOG AREA AND MORE, LIFE AT THE COLUMBIA EXTENDS BEYOND THE FOUR WALLS OF YOUR HOME.

AV E TE ET UN

NEW WESTMINSTER

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

E COLUMBIA ST

R E G I S T E R AT 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 604.525.3941

*Prices are subject to change without notice. Artist’s illustration only. This is not an offering for sale. One can only be made by way of a disclosure statement. E.&O.E.

contents JANUARY 6 – 20, 2017 | VOLUME 2 ISSUE 1

ON THE COVER

Tudor House: Timeless British Rowhomes + online NEIGHBOURHOOD

HOME SEARCH

MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING

MAPS

trending

LOOK FOR THE CIRCLE

Mind over mortgage

A year in mortgages: Changes and impacts in 2016 by Alisa Aragon

WITH

DYNAMIC

advice

Condo sense

New Year’s resolutions? Add home ownership to the list

Lifestyle

Are micro condos still #trending? You bet they are! by Lydia McNutt

Year in review

Top 10 newsmakers of 2016 by Lydia McNutt

by Cameron McNeill

(continued on page 12) 10 YPNEXTHOME.CA

VICE PRESIDENT & CHIEF PUBLISHING OFFICER

Caroline Andrews PUBLISHER & GENERAL MANAGER

Shawn Woodford DIRECTOR OF SALES

Moe Lalani SENIOR MANAGER, CONTENT

Jennifer Reynolds SENIOR EDITOR

Lydia McNutt ART DIRECTOR

Megan Pike CONTRIBUTING EDITORS

Sonia Bell Wayne Karl Elisa Krovblit STAFF WRITER

Susan M Boyce

(continued from page 10)

DESIGN EDITOR

44 Housing market forecast 2017 real estate trends and forecasts Industry insiders chime in

inspiration

Report

Foreign ownership of Canadian real estate low: CMHC

62 Housing values

What was your home worth on July 1? It matters for 2017

68 Economic update

Rising household debt a key vulnerability in Canada by Lydia McNutt

Homebuyers’ help

B.C. Home Partnership Program priming 2017 as the year for first-time buyers

Hot communities, cool neighbourhoods by Susan M Boyce

26 Vancouver, North Shore & Richmond 30 Burnaby, New Westminster & Tri-Cities

New year cuppa cheer By Elisa Krovblit

by Susan M Boyce

Style File

Yanic Simard MEDIA CONSULTANTS

Dave Bird 604.319.7102 Ricardo Hernandez 604.319.7103 SALES COORDINATOR

Justin Salvador

in every issue

Editor’s Note

20 Neighbourhood Profile Marpole

by Diane Duflot

PRODUCTION MANAGER

Helen Pearce GRAPHIC DESIGNER

Miguel Cea PRODUCTION CO-ORDINATOR

Hannah Yarkony

56 What’s online

Stories, videos and photos to check out

Listings Directory

district maps

Vancouver

22 North Shore/Squamish 28 Burnaby/New Westminster 32

Published by

Richmond

42 Maple Ridge/Pitt Meadows 46 Tri-Cities

52 South Surrey

50 South Surrey/White Rock

58 Surrey & Langley

54 Surrey/Langley

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

12 YPNEXTHOME.CA

Editors’ Notes

Is buying a home on your to-do list in 2017? IF YOUR NEW YEAR’S RESOLUTIONS include buying a home, then

LYDIA MCNUTT Senior Editor Yellow Pages NextHome Email: Lydia.McNutt@ypnexthome.ca Twitter: @LydiasTweets

2017 could be your window of opportunity. Skyrocketing real estate prices – particularly in Vancouver and Toronto – dominated the headlines in 2016. But that story could change. According to ReMax’s Housing Market Outlook for 2017, home prices across Canada are expected to rise by two per cent – that’s right, they’re still on the up-swing, but at a much slower pace than we’ve experienced in recent years. In 2016, Greater Vancouver saw average home prices increase by 13 per cent to $1.02 million, while in Greater Toronto that magic number jumped 17 per cent to $725,857. Single-detached homes here are well into the millions. Demand remains high in both urban centres, but limited inventory in the freehold market, the new 15-per-cent foreign buyer tax in Vancouver, and the mortgage rule changes implemented by the federal government are expected to slow activity in the short term. This is good news for hopeful homebuyers, and there are many. Home ownership remains a priority for Canadians, according to a recent ReMax survey conducted by Leger. Fifty-three per cent of respondents expressed intent to purchase a home, and 47 per cent intend to do so in the next five to 10 years. If you’re among them, start planning your purchase now. Explore locations and different housing options. An open mind is your greatest asset.

MARPOLE

SEE MORE PHOTOS ONLINE

This neighbourhood has a strong sense of history. Archaeologists have found evidence that Marpole was inhabited as far back as 3,500 B.C. This is also one of Vancouver’s oldest settlements. Read the full story… nexthome.yp.ca/Marpole

+ get social 14 YPNEXTHOME.CA

Interact with us on social media: ypnexthome

Now Selling! Single Family Homes Available from just $349,900*

Actual Site Photo

Nature Is Your Neighbour

Creekside Estates is a Master Plan Community of just 30

truly the heart of your home. At Creekside Estates nature

exclusive Single Family Home opportunities on beautiful

is your neighbour with endless year round recreation,

Silver Hope Creek just outside the hustle and bustle of

fishing, hiking, biking, and quad trails. Only minutes

Hope, yet close to everything you need. Choose from

to schools, shopping, and all the amenities that Hope

two and three bedroom home layouts all with double car

has to offer. Easy freeway access and only 30 minutes to

garages included, and experience the gourmet kitchens,

Chilliwack.

it 1 6

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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.

Vancouver | Downtown Vancouver SEABUS

W BROADWAY

ARBUTUS ST

DUNBAR ST MA

RIN

QUEEN ELIZABETH PARK

7 20

6. THE CREEK 95 East 1ar Ave thecreekbyconcert.com

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

16 YPNEXTHOME.CA

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 thesmithe.ca Coming Soon

NEW HOMES: 15. ASTON Oak and 38th 604-418-6809

COMMERCIAL DR

E 49TH AVE

13 19 23

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2. 1555 WEST EIGHTH

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88 Pacific Blvd. 604-899-8800

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NEW CONDOS:

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BURRARD INLET

16. THE REGENT AT KING 21. INTRACORP EDWARD STATION TOWNHOME 523 W. King Edward Ave COLLECTION, 7302-7358 GRANVILLE 604-273-1313 www.intracorp.ca/ 17. OAK + PARK 604-558-5851

18. PRIMROSE

townhomes/c/granville59th/ 604-891-1288

22. BROWNSTONES West 33rd and Cambie 4344 Knight PrimroseVancouver.com 604-620-6616

19. SHAUGHNESSY RESIDENCES

8123 Shaughnessy Street 604 558 5848

20. MCKINNON West Blvd & 48th Ave. mckinnonbycressey.com

23. TUDOR HOUSE Cambie St & 63rd Ave. 778-939-9280

VANCOUVER

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.

S A L E S G A L L E RY G R A N D O P E N I N G J A N 21S T 12- 4 P M 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 on West 63rd Avenue between Cambie and Yukon Street. These one to three-bedroom and den stacked townhomes are a portrait of classic Tudor-style architecture offering spacious floorplans and stately interiors with convenient proximity to schools, parks, shops and the Marine Drive Canada Line Station.

S A L E S G A L L E R Y 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 778.939.9280

V6H 1C5

TUDORLIVING.CA

JANUARY 6 - 20, 2017 | NEW HOME & CONDO GUIDE 17

Property Profile | TUDOR HOUSE

cover story

Tudor House Timeless British Rowhomes SOUTH VANCOUVER: a neighbourhood in the midst of transforming into a vibrant, contemporary community while still retaining its cherished charm and authenticity. There’s a timeless allure to the tree-lined streets here — a sense of place that simply feels good. Now there’s an exciting opportunity to purchase a brand new home in this sought-after community. Tudor House is a collection of just 15 rowhomes located on West 63rd Avenue, so it’s near Cambie but still feels quiet and tranquil. And for growing families, this location is in the catchment area for top-ranked schools ranging from a bilingual Montessori School to the acclaimed IB program at Sir Winston Churchill Secondary. 18 YPNEXTHOME.CA

Timeless design Tudor House is designed by Jim Bussey, founder and principal of Formwerks Architectural, a company with almost three decades of history creating exceptional homes throughout Shaughnessy, Point Grey, Kitsilano, Dunbar, and the Westside. Known for their powerful, distinctive architecture, Formwerks is proud to be a trendsetter — a company that transforms neighbourhoods. Three years ago, their Winona Park development was the first to introduce family-sized townhomes with the warm, classical look of French Chateau architecture to the neighbourhood — a premium style usually associated only with single-family living. The project sold out earlier than anticipated, and since then,

other developers have acquired land in the same block where they also plan to build townhomes — a true testament to the neighbourhood’s desirability. “This year, we’re excited to introduce our next project — Tudor House — to the area,” Bussey says. He believes it’s the combination of many things — like pitched roofs, the location of windows and doors, robust timber and brick details, wood stairs, rich contrasting colours, and strong accent lines — that give Tudor architecture its timeless appeal. He adds that historically, Tudor was the first architectural style to focus on creating a truly livable home. “It’s not just about how many bedrooms or the number of bathrooms. It’s about features and functionality — the extra powder room, the utility sink next to the laundry, the built-in bookshelves, linen closet and space for a nursery. Homebuyers today want more than a place to sleep, cook and eat. They

Location

South Vancouver Builder

Formwerks Boutique Properties Development

Tudor House Home Type

Townhomes Sales Centre

3 – 1151 West 8th Avenue Contact

tudorliving.ca or call 778.939.9280

want a home that offers everyday comfort and convenience — so it’s creating those details that sets us apart from other communities.”

Single-family style Inside, Tudor House is designed with many of the design details typically associated only with custom residences. Kitchens are spacious — as wide as 17 ft. — and feature many thoughtful extras like full-height pantries and double French door fridges. It’s all about meeting the needs and desires of homeowners who love to cook. Master suites are, in a word, spectacular. Occupying the entire top floor, these private retreats include not only a massive

walk-in closet and spa-inspired ensuite, but also a spacious den that could be used as a home office, nursery, or anything else your imagination can create. Master bedrooms are also sized to easily accommodate a king-sized bed plus night tables, a dresser and comfy armchairs. Here’s yet another feature you seldom find: every one of Tudor House’s three- and four-storey townhome has its own, private rooftop terrace where your toughest choice might be deciding whether you prefer an early morning coffee to watch the sunrise, or a glass of your favourite vintage to watch the evening sunset. But then, after all, choice is good.

Discover more Tudor House offers spacious threebedroom and three-bedroom-plus-den townhomes ranging from 1,700 to 1,800 sq. ft. and will be located at 459 West 63rd Ave. (between Cambie and Yukon) in Vancouver — just two blocks from the Marine Drive Canada Line and the expanding amenities along Cambie. The grand opening takes place on Jan. 21 at the Tudor House sales gallery, 3 – 1151 West 8th Ave. So, mark your calendar and stop by between noon and 4 p.m. to see it for yourself. For more information and to priority register, visit tudorliving.ca or call 778.939.9280. JANUARY 6 - 20, 2017 | NEW HOME & CONDO GUIDE 19

Neighbourhood Profile | MARPOLE

Marpole By Diane Duflot

MARPOLE IS A MOSTLY residential

neighbourhood on the southern edge of the City of Vancouver. Its borders are Angus Drive to the west, 57th Avenue to the north, Ontario Street to the east and the Fraser to the south. It has seen much change over the years, largely due to the construction of the Oak Street Bridge and the Arthur Laing Bridge, leading to the southern suburbs via Highway 99 and Vancouver International Airport, respectively. Lifestyle: This neighbourhood has a strong sense of history, particularly within its aging population. Archaeologists have found evidence that Marpole was inhabited as far back as 3500 B.C. This is also one of Vancouver’s oldest settlements, which was called “Eburne Station” in 1860. The area received another boost when the Lulu railway and the BC Electric

20 YPNEXTHOME.CA

interurban train were built in 1908, increasing its accessibility to and from other areas of the Lower Mainland. The vibe: Marpole is a juxtaposition of contradictions: not only does the combination of young students and senior citizens contribute to this feeling, but there so does the pairing of quiet residential areas dotted with ample greenspace with the major arterials that run through the city. Plans to bridge the areas that feel somewhat cut off from each other due to being bisected by busy streets are in the works. Meet the neighbours: The 2011 census recorded Marpole’s population as 23,832 and the median age as 41.6. Because this neighbourhood is a high-traffic area,

it’s less expensive than most areas of the city, and students and seniors are taking advantage of the prices here, as well as many new Canadian. There are also several seniors’ homes in the neighbourhood. The area appeals to the “day trippers” and “night owls” who enjoy the proximity to not only the downtown core but also the vibrancy of nearby Richmond. Marpole is an eclectic mix of residents that have come together to form a real community. In the area: The shopping in Marpole is along the Granville corridor, and although it is mostly smaller, independently owned shops, they are also some larger chains stores here. The lower mainland’s oldest community centre, Marpole Oakridge Community Centre, is located in this neighbourhood, too. There

Hot Spots

is also plenty of greenspace in Marpole: Winona Park has three terraced fields for football, Ebisu Park boasts a climbing rock and Oak Park features basketball courts and water park. Planes, trains and automobiles: Marpole is very well served by public transit, since many of the buses that serve the Lower Mainland’s suburbs pass through here. Although there are major arteries leading out of Marpole, these tend to get congested at rush hour, so it might be best to take TransLink if you will be travelling at that time. Since it is also directly across from the Vancouver International Airport, it’s easy to catch a flight from here.

Quick Facts » Most common housing type: lowrise buildings 47%, single-detached 25%, detached duplex 11% » The neighbours: 45% homeowners, 55% renters » Average household income: $70,291

Real Estate Market Given its central location, Marpole is relatively inexpensive. There’s a real mix of retail stores and restaurants here, but finding some reasonably priced goods or food shouldn’t be too much of a challenge.

Street Corner There’s a strong sense of community here. The people on my street know each other and we take care of each other. It’s a great place to live! –Jane, server I’ve lived in Marpole my whole life, and at my age, I don’t plan on moving. It’s gotten busier over the years, but I don’t mind. I love being near the action. –Martha When I was looking for an apartment, I looked around quite a bit. I could afford to live here, it was a quick commute to school and I like this neighbourhood. –Alec

Armadillo Boutique Some serious saving on some serious fashion are available at this high-end discount boutique. Get brand name clothing, for much, much less, and it will be your little secret. armadilloboutique.com Marpole-Oakridge Community Centre Activities abound for all ages at this neighbourhood institution. Whether you’re into physical activity, visual or performance arts, or you’re looking for a social outlet, there’s something for you here. marpoleoakridge.org Ride On Bike Shop Every great downtown neighbourhood needs a great bike shop. For Marpole, this is it. Ride On sells new and used bikes, and does a great tune up. Check it out. rideonagain.wordpress.com Marpole Midden This an ancient Musqueam village and burial site was once inhabited by Coast Salish people from at least 4,000 years ago until about 200 years ago, when smallpox arrived on the Northwest Coast. musqueam.bc.ca Milltown Bar and Grill Off the beaten path, on Richmond Island, this place is worth coming to on a sunny day, when you can the sailboats at nearby Milltown Marina while enjoying a burger and a craft beer. milltownbar.com JANUARY 6 - 20, 2017 | NEW HOME & CONDO GUIDE 21

RO SS RD

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North Shore | Squamish | Whistler D

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1a MARINE DR

MARINE DR

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NEW CONDOS:

A1. CONNAUGHT

B1. RAVENSWOOD

A3. PROMENADE AT THE QUAY 21 Lonsdale Avenue 604-986-8862

A4. GROSVENOR AMBLESIDE grosvenorambleside.com 604-922-1380 CH E

B UC

SQUAMISH

KLEY AVE

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DA VE DA VE

VAL LEY

SEARCH ONLINE ypnexthome.ca

22â€ƒYPNEXTHOME.CA

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:

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. www.kindredmoodyvill.ca

ROBIN DR

E M A

NORTH SHORE

A2. KINDRED FINCH DR

EL RD

Edgemont Blvd & Ridgewood Dr 604-699-0036

RAVEN DR

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NORTH SHORE CYPRESS

25TH ST

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DEPOT RD

Hwy

NORTH SHORE/SQUAMISH/WHISTLER

CENTRAL & QUIET

BEST OF BOTH WORLDS

COMING SOON 1 & 2 BEDROOM PREMIUM APARTMENT HOMES

W KEITH RD

ITH

3R PLA

LONSDALE QUAY MARKET

AVE

DS TE

MOODY AVE

13TH ST E KE

RIDGEWAY

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.

AV E

KINDREDMOODYVILLE.CA

604.770.0791

3rd St E & Ridgeway Ave, North Vancouver This is not an offering for sale. Any such offering can only be made with a disclosure statement. E.& O.E.

JANUARY 6 - 20, 2017 | NEW HOME & CONDO GUIDE 23

Advice | MIND OVER MORTGAGE

A year in mortgages: Changes and impacts in 2016

By Alisa Aragon

MORE ADVICE ONLINE ypnexthome.ca/news/advice

THIS PAST YEAR, homeowners and purchasers witnessed significant changes in lending guidelines impacting the housing market. Here are some key dates

February 15, 2016: Increase in down payment The minimum down payment for new insured mortgages increased from five to 10 per cent for the portion of the house prices above $500,000 up to $999,999. The five-per-cent minimum down payment for properties up to $500,000 remained unchanged. Also, the changes allowed for the use of 100 per cent offset should the home have a legal suite. This was great news for Vancouver and Toronto, where housing costs surpassed $1 million. While the down payment requirements changed, homebuyers purchasing a newly built home were exempted from paying the BC Property Transfer tax, regardless if they were first-time homebuyers with a purchase price of $750,000 or less. August 2, 2016: Additional Property Transfer Tax for Foreigners The BC government introduced an additional 15-per-cent tax on residential property transfers to non-residents or foreign corporations for properties in the Greater Vancouver Regional District. The additional tax applied to all applicable transfers registered with the Land Title Office on or after Aug. 2, 2016, 24 YPNEXTHOME.CA

regardless when the contract of purchase and sale was entered. This has been a huge challenge for foreigners who purchased pre-sale properties. October 17, 2016: Mortgage “stress test” The mortgage qualification for insured mortgages with variable or fixed interest rates, regardless of the term, must now qualify at the Bank of Canada’s posted rate, which currently sits at 4.64 per cent. However, the borrower’s actual mortgage payments are still based on the contract rate offered by the lender. This change meant homebuyers qualify for a property of approximately 20 per cent reduction in value. In simple terms, a buyer who qualified to purchase a $650,000 property would now, under the new mortgage rules, only qualify for a property priced at $504,000. The new mortgage stress test doesn’t apply to: » mortgage loan insurance applications received before Oct. 17, 2016 » if the lender made a legally binding commitment to make the loan before Oct. 17, 2016; or » the borrower entered a legally binding agreement of purchase and sale for the property, against which the loan is secured before Oct. 17, 2016. Another change that took effect involves reporting which property is the principal residence to be exempted from paying capital gains. Starting in 2016, there is a form in the personal income tax return to fill out. This has been done so house flippers pay their share of income tax on monies earned by buying and selling homes. This also applies to foreign residents, when they sell property in Canada – even when a family member may have lived in it. They are now required to pay capital gains. November 30, 2016 – Tighter mortgage insurance rules Mortgages that lenders insure for conventional mortgages are now required to meet the same qualifying criteria that previously only applied to high-ratio insured mortgages. Are are the requirements: » properties must be owner-occupied, while rental properties are not excluded » the maximum amortization period is 25 years » the maximum property purchase price is $999,999 or less » a minimum credit score of 600 » maximum gross debt service of 39 per cent of homebuyer income and a total debt service of 44 per cent, calculated by using the Bank of Canada’s conventional five-year fixed posted rate. Considering all the changes that have occurred, and that interest rates have gone up, borrowers can still get near record-low interest rates. To put it in perspective, in 2008, fixed rates were 5.99 per cent. This is still much higher than the current qualifying rate of 4.64 per cent. The new mortgage rules have created a lot of confusion for both the industry and homebuyers. In light of these changes, it is now even more important to consult a mortgage expert, who can provide you with the latest information, and ensure you get the best lender and rate based on your individual needs.

3 SHOWHOMES NOW OPEN

Trending | HOT COMMUNITIES, COOL NEIGHBOURHOODS

Located in North Vancouver’s beloved Edgemont Village neighbourhood, Connaught by Grosvenor is the first condo/townhome development in many years

Vancouver, North Shore, and Richmond by Susan M Boyce IT’S BEEN A WHITE-HOT YEAR in

kayaking at Deep Cove, or hitting the

Presentation Centre: Oakridge Mall

Vancouver’s residential real estate market,

slopes for a downhill rush.

On the Web: belparkliving.com Info: 604.891.1281

and demand is expected to remain strong for the foreseeable future. Development

Avenue One

Developer: Intracorp

along the Cambie Corridor, Southeast

In the ’Hood: Southeast False Creek,

Housing Type: Lowrise from $699,900

False Creek, and downtown continues at

Vancouver

Perks’n’Quirks: All about luxury, standard

seemingly record paces, with each new

Presentation Centre: 88 Pacific Blvd.

features include single-slab marble

project raising the bar on sheer luxury and

On the Web: avenueone.ca

backsplash and Gaggenau appliances

urban lifestyle.

Info: 604.899.8800

in the kitchen, hardwood flooring

Developer: Concord Pacific

throughout, built-in 101-bottle wine

development is ramping up as people

Housing type: Highrise

fridge, and lush central courtyard.

discover — or rediscover — the active,

Perks’n’Quirks: Register now to live

outdoor lifestyle that keeps this part of

in this rare waterfront neighbourhood

Connaught

Metro Vancouver in the hearts of people

near Hinge Park. High-tech innovations

In the ’Hood: Edgemont, North

who live here. In fact, many developers

including automatic touch-less car wash,

Vancouver

report a new generation of buyers who

parking stalls prewired for electrical

Presentation Centre: 3044 Edgemont

grew up on the North Shore but moved

vehicle and smart thermostats.

Blvd.

In North Vancouver too, new

On the Web: connaughtliving.com

away for school or jobs are now returning to raise their families in a friendly, social

Belpark

Info: 604.699.0036

setting that’s close to nature. When you

In the ’Hood: Cambie Corridor,

Developer: Grosvenor

visit, be sure to check out these properties

Vancouver

Housing Type: Lowrise and townhomes

in between riding the mountain bike trails,

On the Street: 59th Ave. and Alberta St.

Perks’n’Quirks: A “first in many years”

26 YPNEXTHOME.CA

opportunity to purchase a new apartment

Perks’n’Quirks: Presentation centre

for previews, so register now.

or townhome residence in this much-

opening soon in this exciting master-

Tudor House

loved neighbourhood. Sophisticated,

planned community. Walking distance

In the ’Hood: Cambie Corridor,

air-conditioned, concrete homes with

of Lonsdale Quay, the SeaBus, and some

Vancouver

premium finishes and generous outdoor

of the Lower Mainland’s finest outdoor

On the Street: 459 West 63rd Ave.

spaces.

recreational options.

On the Web: tudorliving.ca Info: 778.939.9280

EDWARD

Ravenswood

Developer: Formwerks Boutique

In the ’Hood: Cambie Corridor,

In the ’Hood: Squamish

Properties

Vancouver

Presentation Centre: 39289 Falcon

Housing Type: Executive townhomes

On the Street: Yukon and King Edward

Cres.

Perks’n’Quirks: Grand opening on

Ave.

On the Web: ravenswoodliving.ca

Jan. 21 so be sure to register for this

Presentation Centre: 5710 Cambie St.

Info: 604.670.7862

limited offering. Spacious townhomes

On the Web: mosaichomes.com

Developer: Benchmark

inspired by single-family design with

Info: 604.325.2216

Housing Type: Single-family homes

rooftop decks and a tree-lined location

Developer: Mosaic Homes

Perks’n’Quirks: Premium three- and

close to Winona Park and the Canada

Housing Type: Lowrise

four-bedroom homes that put you close

Line.

Perks’n’Quirks: High Street residences

to the one-of-a-kind active outdoor

located where Cambie Village meets

lifestyle this municipality is famous for.

2 River Green

Queen Elizabeth Park. Spacious, light-

Bring your kayak, bike and mountain-

In the ’Hood: Olympic Oval, Richmond

filled homes with double-wide picture

climbing gear.

Presentation Centre: 5111 Hollybridge

windows and up to 10-ft.-high ceilings.

Way

The Kirkland

On the Web: rivergreen.com

Hawthorne

In the ’Hood: Kerrisdale, Vancouver

Info: 604.233.2633

In the ’Hood: Cambie Corridor,

Presentation Centre: 6178 East Blvd.

Developer: Aspac

Vancouver

On the Web: TheKirkland.ca

Housing Type: Highrise

On the Street: 4988 Cambie St.

Info: 604.808.0886

Perks’n’Quirks: Next release of two,

Presentation Centre: 3373 Cambie St.

Developer: Bognar

brand new luxury towers coming in

On the Web: LiveAtHawthorne.com

Housing Type: Lowrise

the spring to this riverside community

Info: 604.558.1907

Perks’n’Quirks: A limited collection

adjacent to the Olympic Oval and

Developer: Pennyfarthing

of 20 luxury residences located on the

38-kilometre Richmond Dyke Trail.

Housing Type: Midrise

site of the historic Kirkland Metal Shop

Perks’n’Quirks: Arriving early in

in Kerrisdale. The original façade will be

2017, this is the Legacy Edition of

incorporated into the new building thus

Virtuoso

Pennyfarthing’s distinguished Cambie

beginning a new chapter for the iconic

In the ’Hood: UBC, Vancouver

Collection, offering seven storeys of

and beloved 1920s structure.

On the Street: 6033 Gray Ave. On the Web: adera.com

luxury living adjacent to the greenery of

The Smithe

Info: 604.221.8878

In the ’Hood: Arts and Events District,

Developer: Adera

Kindred

Vancouver

Housing Type: Mid-rise from $770,000

In the ’Hood: Moodyville, North

On the Street: Smithe and Cambie

Perks’n’Quirks: Last chance to own

Vancouver

On the Web: thesmithe.ca

a brand new home in Adera’s 10th

On the Street: 600 block East 3rd St.

Developer: Boffo Developments

building in the coveted Wesbrook

Presentation Centre: 133 West 1st St.

Housing Type: Highrise

Village neighbourhood. Trend-setting,

On the Web: kindredmoodyville.ca

Perks’n’Quirks: Get set to be wowed by

environmentally savvy cross laminate

Info: 604.770.0791

this collection of 94 homes in the heart

timber construction. Penthouse

Developer: Fairborn

of downtown. Two- and three-bedroom

homes available overlooking Nobel

Housing Type: Lowrise from the low

homes starting from 1,000 sq. ft.

Park and directly adjacent to UBC

$400,000s

Presentation centre opening in January

Farm.

Queen Elizabeth Park.

JANUARY 6 - 20, 2017 | NEW HOME & CONDO GUIDE 27

Burnaby | New Westminster BARNET MARINE PARK

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Sales Center Open Sat & Sun 2-4pm or by appointment

28 YPNEXTHOME.CA

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Brewery District by Wesgroup is transforming New Westminster’s Sapperton neighbourhood

Burnaby, New Westminster, Tri-Cities and Beyond by Susan M Boyce CHANGE IS IN THE AIR throughout

Brewery District

On the Web: thecityoflougheed.com

Burnaby, New Westminster, and the

In the ’Hood: Sapperton, New

Info: 604.328.7128

Tri-Cities. The Evergreen Line is now

Westminster

Developer: Shape Properties Corp.

a reality and construction is booming

On the Street: 285 Nelson’s Court

Housing Type: Highrise from mid-

around the new transit hubs. Brentwood

On the Web: thebrewerydistrict.ca

$300,000s

and Lougheed Malls are both being

Info: 604.525.3941

Perks’n’Quirks: Three showhomes

transformed into some of the country’s

Developer: Wesgroup

now open for the initial offerings in this

largest master-planned communities.

Housing Type: Midrise from $495,900

40-acre master-planned community

Perks’n’Quirks: Concrete condominiums

that will ultimately include more than 25

all levels, and proximity to an ever-

located steps from Sapperton SkyTrain

residential towers, 300 new shops, and a

increasing array of urban amenities keep

Station, with everything you need right on

vibrant, pedestrian-oriented plaza filled

these evolving neighbourhoods upfront

your doorstep including Save-On-Foods,

with greenery, seating and public art.

and centre stage for many buyers who

Browns Socialhouse, Shoppers Drug Mart,

want spacious homes and proximity to

Starbucks, TD Canada Trust and Freshii.

Cycling trails, parks, schools at

luxury and resort-style amenities. Here are a few developments to keep your eyes on. 30 YPNEXTHOME.CA

Fremont INDIGO In the ’Hood: Fremont, Port Coquitlam

Vancouver. Emphasis here is often on

City of Lougheed

On the Street: 2332 Ranger Lane

In the ’Hood: Lougheed, Burnaby

On the Web: mosaichomes.com/

On the Street: 9850 Austin Rd.

fremont-indigo

LEFT The only highrise opportunity in Aragon’s waterfront Port Royal community, The Peninsula includes hotel-inspired finishings and services

Info: 604.552.0319 Developer: Mosaic Homes Housing Type: Rowhomes from the mid-

BELOW Poised to become

$400,000s

one of the country’s largest master-planned communities, City of Lougheed will bring dynamic shopping and urban living to Burnaby

Perks’n’Quirks: Final homes now released. Check out The Riverclub too, the community’s 12,500-sq.-ft., freestanding amenity building.

Imperial In the ’Hood: Metrotown, Burnaby On the Street: 5051 Imperial Presentation Centre: 4700 Imperial St. On the Web: ImperialByAmacon.com Info: 604.436.5550 Developer: Amacon Housing Type: Highrise Perks’n’Quirks: Inspired by world-class hotels, Imperial’s grand lobby will soar 18 ft. and offer full concierge services. A limited collection of live/work city homes and exclusive penthouses also available.

Lumina Brentwood In the ’Hood: Brentwood, Burnaby On the Street: Beta St. just south of Lougheed Highway On the Web: luminabrentwood.com Developer: Thind Properties Ltd.

to SFU, parks, shopping, plus the amazing

The Peninsula

Housing Type: Highrise

coffee bistros and bakeries found along

In the ’Hood: Queensborough, New

Perks’n’Quirks: Presentation centre

Hastings Street.

Westminster On the Street: 210 Salter St.

and three display homes opening soon. Sophisticated finishes include stainless

Simon

Presentation Centre: 260 Ewen Ave.

steel Bosch appliances, air conditioning,

In the ’Hood: West Coquitlam

On the Web: aragon.ca

and nine-ft. ceilings.

Presentation Centre: 3355 North Rd.

Info: 604.544.2258

On the Web: simonbyotivo.com

Developer: Aragon

Pacifico

Info: 604.420.4896

Housing Type: Highrise from $443,900

In the ’Hood: Burnaby North

Developer: Ovito Development Group

Perks’n’Quirks: One-bedrooms starting

On the Street: 7180 Barnet Rd.

Housing Type: Midrise from $449,900

from 741 sq. ft. Luxurious, waterfront

On the Web: pacificohomes.ca

Perks’n’Quirks: Boutique collection

living with features that include

Info: 604.294.3802

of just 64 homes with a good selection

Gaggenau appliances, Italian cabinetry,

Developer: Dolomiti Homes Ltd.

of two- and three-bedroom plans

geothermal heating/cooling, engineered

Housing Type: Townhomes and garden

available. Tucked into a quiet, residential

hardwood floors, and dazzling water

flats

neighbourhood just blocks from the

and mountain views. Book your private

Perks’n’Quirks: Intimate collection of

new Evergreen Line, and within walking

appointment to view the two new display

homes in a private setting. Great access

distance to a selection of urban amenities.

homes on-site. JANUARY 6 - 20, 2017 | NEW HOME & CONDO GUIDE 31

R IVE

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Richmond | Delta | Ladner | Tsawwassen VANCOUVER INTERNATIONAL AIRPORT (YVR)

NO 3 RD

Richmond Hwy

ALDERBRIDGE WAY

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CAMBIE RD

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WESTMINSTER HWY

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CAMBIE RD

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53A ST

52 ST

Display Home 6160 London Rd., Steveston 604-274-7326

75A AVE 74 AVE

C OAST TSAW WAS S E N I N N

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NO 3 RD

5111 Hollybridge Way 604-233-2633

5550 Admiral Way FINN RD 604-946-8812

72 AVE

113 ST

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115 ST

NEW CONDOS:

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Trending

Are micro condos still #trending? You bet they are! By Lydia McNutt ARE MICRO CONDOS still a thing, or a

thing of the past? Well, if you’ve been keeping up on real estate prices in Canada, then you already know that condo is king. So the real question is, how “big” is micro living? Housing costs continue to soar in Canada’s priciest real estate markets – in spite of provincial and federal action to slow activity in Vancouver and Toronto. This has left many hopeful homebuyers priced out of the average detached home market. Even larger condo units are picking up in price.

Housing costs rising, lowrise construction falling, and the come-back of condos According to ReMax, 2016 saw the average home price (across all housing types) increase 13 per cent in Greater Vancouver to $1.02 million, with the average detached home well into the millions. Those numbers are only expected to climb in 2017. What’s falling, however, is the number of new single-detached homes being built in Canada, with their numbers on a downward trajectory since 2009, according to Canada Mortgage and Housing Corp. (CMHC). High demand coupled with low supply leads to rising costs. CMHC predicts condo construction starts to drop in 2017, due to an increase in completed and unsold condo units in 2016, and a smaller pool of first-time homebuyers – a result of more stringent mortgage lending rules. But looking ahead to 2018, the national housing agency calls for a rebound in condo construction starts, thanks to growing demand for this more affordable housing option. 34 YPNEXTHOME.CA

Less home, less cost According to Barbara Lawlor, president and CEO of Baker Real Estate Inc., condos will always be a hot item in expensive housing markets, like Vancouver’s – all sizes and configurations, but particularly micro condos, thanks to their micro price. Lawlor points out that Canada is fairly new to micro condos. “In places like Hong Kong, Japan and Europe, developers have been offering micro condos for many years. In addition, some cities in the U.S. including San Francisco, Boston, Washington and Austin are home to numerous micro suites. I saw online that in Seattle, there is a 90-sq.-ft. micro condo, which makes 300 sq. ft. sound pretty spacious.”

MORE TRENDING ONLINE ypnexthome.ca/news

“Efficient floor plans that might be located in a neighbourhood they haven’t considered before.” Developer Urban Capital launched downtown Toronto’s first micro condo, Smart House, a few years back, and with great success. Urban Capital’s David Wex agrees that the rise of micro condos is a direct response to affordability issues, and it has led to a new way of life. He echoes Brown’s sentiments that new design is all about efficiency. “It’s basically about redesigning the elements in our condos to make sure they are highly efficiently designed, in order to make small spaces work as best they can, allowing them to feel and function like larger spaces. The goal is to deliver super-efficient spaces at an affordable price.” Wex adds, “you can see all elements around us changing to suit this new reality.”

From your four walls to what’s between them, small is here to stay

The new normal Whether by choice or by force, Millennials have adopted a prevailing “less-is-more” lifestyle. “Today’s young people are used to a more minimal existence than their parents and grandparents, and new immigrants are used to compact apartment-style living,” Lawlor notes. The result is smaller vehicles parked in the smaller parking spaces of smaller homes. On a grander scale, it’s a shift in thinking by end-users and developers alike. According to Scott Brown, president of Fifth Avenue Real Estate Marketing, “For many first-time buyers, small is going to be the new big,” he told YP NextHome writer Susan M Boyce, in his 2017 market forecast.

Jane Lockhart, principal of Jane Lockhart Interior Design, has branched off in this micro direction as well, with her own line of Jane by Jane Lockhart condo furnishings. So, how does designing “small but sweet” differ from the old mantra of “bigger is better”? “One word: multifunction,” Lockhart says. Like the homes themselves, “Furniture in small spaces can serve more than one purpose. Benches, ottomans, even chaises can be adapted to hold storage; chairs can become single beds. Reconfiguring and readapting to serve more than one function is the way of the future.” Whether we’re talking tiny homes, or the miniature tables and chairs to fill them, looks like micro living is here to stay. JANUARY 6 - 20, 2017 | NEW HOME & CONDO GUIDE 35

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www.rivergreen.com 604.233.2633

Trending

A YEAR IN REVIEW

NEWSMAKERS OF 2016 By Lydia McNutt

When it comes to Canada’s real estate landscape, 2016 certainly had its ups and downs. Here are our top 10 newsmakers of the year – some good news, some bad news, but all essential reading for the smart homebuyer in 2017.

CITY

AVERAGE PRICE

The 2016 leap year

VANCOUVER

1984: $113,722 2016: $897,158

If you’ve been keeping up on the real estate headlines in 2016, then you already know that a big newsmaker was the rising home prices. Markets such as Greater Vancouver and Greater Toronto saw the price of an average detached home skyrocket to more than $1 million. Semis, townhomes and condos also made big gains. With 2016 being a leap year, we analyzed home price growth in four-year intervals, dating back to 1984, market by market. Strong historical home price growth might be expected, given that real estate is a proven performer over the long term. But looking at the growth in these four-year windows shows some pretty staggering appreciation. Here are the average prices in Canada’s biggest markets, across all housing types:

CALGARY

1984: $86,724 2016: $453, 936

EDMONTON

1984: $79,215 2016: $370,010

WINNIPEG

1984: $58,755 2016: $279,365

GTA

1984: $95,423 2016: $622,707

HAMILTON/BURLINGTON

1984: $65,995 2016: $443,388

SAINT JOHN

1984: $53,257 2016: $164,155

HALIFAX-DARTMOTH

1984: $78,474 2016: $282,672

NEWFOUNDLAND & LABRADOR

1984: $60,629 2016: $276,302

READ THE FULL STORY ONLINE nexthome.yp.ca/leap-year

SOURCE: CREA, figures as of Dec. 2015

38 YPNEXTHOME.CA

2 BC implements foreign buyers’ tax While on the topic of rising home prices, the British Columbia government introduced a controversial 15-per-cent property transfer tax on foreign nationals who buy real estate in Metro Vancouver, with the aim of curbing low vacancy rates and reigning in the out-of-control home prices. So, why the controversy? Also known as Bill 28, the new tax was criticized by the real estate industry due to: 1. lack of industry consultation and no warning that this was coming down the pipe; 2. the size of the tax; 3. a lack of a grandfather clause, which left many pre-sales buyers on the hook and introduced unnecessary uncertainty into the market; 4. and how the government failed to take into account the fact that it appeared that the market was slowing down previously, regardless of the new tax. The new tax took effect on Aug. 2, but as of Dec. 2, the Greater Vancouver Real Estate Board reported that home buyer and seller activity remained near historical averages.

4 Trump takes the win, Immigration Canada site crashes When the U.S. sneezes, Canada catches a cold. So, after a year of dominating the headlines, when Donald Trump won the presidential election in November – much to the chagrin of many Americans and people

3 Mortgage rule changes

READ THE FULL STORY ONLINE nexthome.yp.ca/new-mortgage-rules

Again, rising home prices and low lending rates prompted our third newsmaker of 2016 – the mortgage stress test. On Oct. 17, the federal government implemented changes to Canada’s mortgage lending rules to help reduce the risk of a housing market crash. Under the new rules, homebuyers with a high-ratio mortgage (which is required when buyers have less than 20 per cent of the purchase price) must qualify

around the world – the ripple effect was immediate. With the election results revealed, Citizenship and Immigration Canada’s website crashed due to a traffic surge. Could our American neighbours be planning a move to Canada in an attempt to escape Trumpdom? But it’s not as easy as packing your bags and taking a road trip. The Government of Canada plans to welcome 300,000 immigrants in 2017. Of

these, 172,500 will be taken in on economic grounds, which includes applicants and accompanying family members in federal and provincial programs, business immigrants, caregivers, and skilled workers and business immigrants. Another 84,000 will be family members of existing residents. Then, 40,000 will be refugees and protected

at a rate that is much higher than what is currently being offered by mortgage lenders. At the time of writing, the best rate for a five-year fixed mortgage was 2.34 per cent (source: Rate Hub). Under the new rules, buyers would have to qualify at the Bank of Canada’s benchmark rate of 4.64 per cent. This, all in an effort to shield highly indebted Canadians from spending more than they can afford in a more realistic rate environment.

persons, and another 3,500 will be taken in on humanitarian, compassion and “other.”

JANUARY 6 - 20, 2017 | NEW HOME & CONDO GUIDE 39

TRUDEAU PHOTO COURTESY OF PM.GC.CA

PM Justin Trudeau’s 2016 Budget

Wait a minute… We had a little election of our own recently, didn’t we? Since revealing his inaugural 2016 Budget, we thought it might be a good time to grade this former teacher and Canada’s current PM, Justin Trudeau, on his housing promises – and delivery. We looked at the Home Buyers’ Plan, rental/affordable housing, and housing policy. So, how’s he doing? C– Time to hit the books, Mister Prime Minister.

7 CMHC raises the red flag on Canada’s housing market This was all over the news before Canada Mortgage and Housing Corp. (CMHC) even made the official announcement. The federal housing agency upgraded its risk rating for Canada’s housing markets from “moderate” to “strong” in its Housing Market Assessment, citing problematic conditions overall due to four key factors: 40 YPNEXTHOME.CA

PHOTO CREDIT: CNW GROUP/ROGERS REAL ESTATE DEVELOPMENT LIMITED

READ THE FULL STORY ONLINE nexthome.yp.ca/rogers-development-mississauga

6 Rogers Real Estate drops $1.5 billion on downtown Mississauga development Rogers Real Estate will be developing a vacant, prime piece of property in downtown Mississauga, Ont. into a 10-tower, 15-acre, 4.3 million-sq.-ft. masterplanned community that will also include more than two-acres of public parkland. The cost? A whopping $1.5 billion. Dubbed M City, this will be the first major residential condominium development by the Rogers family. The project has been quietly in the works since 2007, when Rogers Real Estate enlisted developer Urban Capital Property Group to manage the process of turning this long-held family asset into a legacy community.

1. over-heating, when sales greatly outpace new listings in the market for existing homes; 2. acceleration of housing prices; 3. over-valuation of house prices in comparison to levels that can be supported by housing market fundamentals; and 4. over-building when the rental market vacancy rate and/or the inventory of new builds that are unsold is elevated. Of Canada’s 15 major markets assessed, nine – or 60 per cent – showed

moderate or strong evidence of overvaluation, seven showed evidence of overbuilding, and four showed evidence of price acceleration and overheating. CMHC highlighted that this problem isn’t exclusive to Canada’s priciest markets – Toronto and Vancouver – but is slipping into the suburbs. For example, check out the price growth in Victoria, Abbotsford, Kelowna outside of Greater Vancouver, or Greater Toronto’s Hamilton, Oshawa and Barrie communities, which are also experiencing double-digit gains.

Fort McMurray wildfires

Top 50 real estate investment cities

A wildfire had been reported southwest of Fort McMurray, Alberta on May 1. That, in itself, is not unusual. Fort McMurray is an area in the Regional Municipality of Wood Buffalo in northeastern Alberta, surrounded by the Athabasca oil sands and Boreal forest. By May 3, the fire had quickly spread through the town, destroying 2,400 homes and buildings and forcing Alberta’s largest wildfire evacuation. The fires continued to burn across northern Alberta and into Saskatchewan. When they were finally deemed “under control” on July 5, it was two months, 1.5 million acres, and a cost of $3.58 billion – the costliest insured natural disaster in Canadian history, as per the Insurance Bureau of Canada. The effect on real estate in The Prairies was doubly dark, adding to the area’s existing economic woes due to prolonged low oil prices.

For those looking to invest in Canadian real estate, the talented editors of our sister publication, Canadian Property Investor, pinpointed the top 50 investment hotspots based on vacancy and rental rates for a two-bedroom unit, complemented by data on population, employment and wage growth, average home prices and economic development. Drum roll please… 1. Brampton, Ont. 2. Richmond Hill, Ont. 3. Milton, Ont. 4. Barrie, Ont. 5. Orillia, Ont. 6. Surrey, BC 7. Maple Ridge-Pitt Meadows, BC 8. Abbotsford-Mission, BC 9. Squamish, BC 10. Okotoks, Alta.

Wood Buffalo at a glance GET INVESTMENT PICKS #11-50 ONLINE » Number of private dwelling units: Approximately 31,240 » New home construction 2015: 193 units, lowest level in more than 20 years; 13 units started in first 4 months of 2016 » Peak new home construction: 2,175 single- and multifamily homes started in 2007 » Unsold new inventory: 16 completed but unoccupied new homes in April, down from 17 in March and 80 in April 2015 » New home prices: $838,000 for typical new singlefamily home built in last three years; new semidetached homes about $686,000 » MLS Sales 2015: Declined 43.5% from 2014 to 974 units » MLS Sales 2016: Sales declined 23% for Q1 2016 to 155 units » MLS Prices 2015: Average decrease of 6.2% from previous year to $560,794; this followed a 5% decline in 2014 » MLS Prices 2016: For Q1 2016, average fell 11.8% to $504,097 compared to same period in 2015 » Rent: $1,842 per month for 2-bedroom apartment (October 2015), down from $2,118 the year before; by comparison, 2-bedroom apartment rented for $1,355 in Calgary and $1,260 in Edmonton

nexthome.yp.ca/canadian-property-investor

What should our National Housing Strategy look like? Wrapping up our list for 2016, but perhaps tops for 2017, the National Housing Strategy is a biggie. The federal government recently kick-started efforts to begin building a National Housing Strategy that addresses issues, from affordable housing to rental housing to home ownership, and create a plan that is equitable across differing economies, markets and conditions. This resulted in consultations with provincial bodies, industry experts and others – including everyday Canadians. Job 1: tackle the affordable housing issue. The hope is that the consultative process – dubbed “Let’s Talk Housing” – yields solutions that make more sense than unilateral policy changes, such as the latest round of mortgage rule changes. We’ll see what the new year brings on this front.

Wood Buffalo Census Agglomeration includes Fort McMurray and nearby smaller centres

SOURCES: CHBA – Alberta, Canada Mortgage and Housing Corp., Statistics Canada, Canadian Real Estate Association, Insurance Bureau of Canada

With files from Sonia Bell, Wayne Karl and Elisa Krovblit JANUARY 6 - 20, 2017 | NEW HOME & CONDO GUIDE 41

CEDAR DR

Pitt Meadows | Maple Ridge

DOMINION AVE

224TH ST

DEWDNEY TRUNK RD

210TH ST

DEWDNEY TRUNK RD

232RD ST

203RD ST

228TH ST

HARRIS RD

FORD RD

124TH AVE

123RD AVE

227TH ST

M EADOW GARDENS GOLF COURSE

224TH ST

216TH ST

DEWDNEY TRUNK RD

240TH ST

PITT M EADOWS

207TH ST

S BONSON RD

HARRIS RD

AIRPORT

R IVE

R RD 116TH

248TH ST

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A KA KAN

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110TH AVE 108TH AVE GOLDEN EARS BRIDGE

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

42â€ƒYPNEXTHOME.CA

Burnett Street & Haney Bypass 604-380-0300

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ghe

Lou

240TH ST

DR MACLU RE

OVER

65% SOLD

124 AVE

N 227 ST

224 ST

222 ST

PROJECT SITE >

PRESENTATION CENTRE DEWDNEY TRUNK RD DOWNTOWN MAPLE RIDGE

LOUGHEED HIGHWAY

Trending

2017 real estate trends and forecasts Industry insiders chime in by Susan M Boyce

IT’S BEEN A WILD RIDE for everyone

involved in Metro Vancouver’s housing market during the past 12 months. Skyrocketing prices, plummeting supply, and a return of frenzied, opening day lineups and camp outs — 2016 had everything to create a perfect storm. Even veteran real estate analyst Michael Ferreira, principal of Urban Analytics, described it as “one of the craziest years ever.” True, there were some brakes — both actual and potential — applied as well. New regulations for mortgage qualification, Vancouver’s 15-per-cent foreign buyers’ tax and proposed vacant home tax, plus the results of the Nov. 8 US presidential race all translated into headlines ranging from shock to fear to pure outrage. But despite the drama of last year, in looking ahead to 2017, most industry insiders see opportunity and continued growth. Presales continue to soar “There’s been a lot of media noise about how the 15-per-cent foreign buyers’ tax is affecting single-family prices, but no one’s reporting about its impact on the presale condo market — which so far seems to be negligible,” says Karen West, sales and marketing director with Boffo Developments. Tracie McTavish, president of Rennie Marketing, agrees. “The media relies on stats from the real estate boards — stats that accurately cover the resale market but not presales, which have never been busier.” He cites two examples. Primrose on the Cambie Corridor sold all 78 units in less than two weeks for approximately

44 YPNEXTHOME.CA

The Belmont in Langley combines single-family ambiance with the convenience of singlelevel living

20 per cent more than the most recent comparables. And in West Vancouver, Grosvenor Ambleside was 50 per cent sold in just 10 days at prices he describes as “the highest per square foot that I can remember in my 36 years in the real estate industry.” Looking ahead, Ferreira anticipates there will be no significant decrease in presale demand in 2017. However, he does suggest that with more projects coming to market, buyers will likely feel a much-needed easing of pressure to buy now or miss out. While he stops short of suggesting instant sell-outs and opening day line ups in desirable areas will be a thing of the past, he does predict price increases will likely flatten — good news for buyers, perhaps not so much for sellers.

Political posturing Surprisingly, an argument is emerging that the Trump presidency could actually bode well for Canada’s housing market in general, and for Vancouver’s in particular. Metro Vancouver’s reputation as a safe, beautiful and sophisticated location won’t change, although a pipeline-friendly America could trigger some inter-provincial migration back to Alberta if employment opportunities reappear. But most insiders agree that on the global stage, living north of the 49th has an allure that will continue to tip the scales in favour of Canada. Few, however, are willing to comment on the upcoming provincial election. “From history, NDP governments have not had a positive impact on the BC economy,” Ferreira

Imperial is poised to become an icon on the Metrotown skyline

Evolve offers proximity to the urban amenities of South Surrey and a quiet, tranquil setting

says, adding the caveat that not everyone in the industry has been happy with some of the policies the Liberals have introduced. “I suspect that as we approach the election, we may see a softening in the market, but after that… it’s a wildcard.” Size matters When it comes to size, two diametrically opposed trends will continue gaining traction in 2017. “For many first-time buyers, small is going to be the new big,” says Scott Brown, president of Fifth Avenue Real Estate Marketing. “Efficient floor plans that might be located in a neighbourhood they haven’t considered before — gee, it’s not my father’s Oldsmobile.” The other trend is larger homes aimed squarely at urban-savvy downsizers who want space for the family entertaining they enjoy plus the convenience of lock’n’go, single-level living and the luxury they’ve given up while raising a family. Brown points to The Belmont in Murrayville, which was 60 per cent sold in six weeks. And even though these condominium homes were designed to be larger than average, a

Oak + Park by Alabaster Homes brings Tudor styling to Vancouver’s Marpole neighbourhood

surprising number of buyers chose to accept the option of combining two units into a single, doubly spacious home. Going forward Looking ahead, there appears to be a subtle but undeniable optimism about the 2017 residential market.

“Either the media will convince buyers that the market is not as buoyant as they want to believe, or buyers will realize the downturn they’ve been waiting for isn’t going to happen and decide to purchase now rather than wait,” McTavish says. “I believe the sheer willpower [to own a home] is going to overpower the naysayers.”

JANUARY 6 - 20, 2017 | NEW HOME & CONDO GUIDE 45

LV D

UB TEA PLA

ET R

WA Y

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COAST MERIDIAN RD

KW AY B

PA R

LVD

Coquitlam | Port Coquitlam | Port Moody | Pitt Meadows

BL VD

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COQUITLAM CENTRE

PRAIRIE AVE LD

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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

46â€ƒYPNEXTHOME.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

NEW HOMES:

A7. NELSON ON FOSTER

B1. FREMONT INDIGOBRIDGE

North Road & Foster Ave. 604.998.8998

A8. SIMON West Coquitlam 604-420-4896

GOLDEN EARS

2332 Ranger Lane 604-552-0319

207TH ST

BRU

AVE

heed

AUSTIN AVE

Loug

MUNDY PARK

A2 TE N ET

OTTAWA ST

MARI NE R WAY

AUSTIN AVE

LINTON ST

COMO LAKE PARK

MUNDY ST

SMITH AVE

GATENSBURY ST

LINCOLN AVE

COMO LAKE AVE

BLUE MOUNTAIN ST

ypnexthome.ca

DEWDNEY TRUN K RD

NORTH RD

DO WN

Barnet Hwy

ST JOHNS ST

SEARCH ONLINE

210TH ST

PIONEER MEMORIAL INLET PARK PARK

203RD ST

TA IN

R TO IC

S BONSON RD

ROCKY POINT PARK

AVE

HARRIS RD

w H

SHORELINE PARK

DAV ID

TOWN CENTRE PARK

CEDAR DR

COAST MERIDIAN RD

R IT AG E

JOHNSON ST

et rn Ba

PI N

DAVID AVE IOC

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48 YPNEXTHOME.CA

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JANUARY 6 - 20, 2017 | NEW HOME & CONDO GUIDE 49

176TH ST

184TH ST

176TH ST

184TH ST

168TH ST

152ND

South Surrey | White Rock

40TH AVE

SERPENTINE FEN NATURE RESERVE

CRESCENT BEACH / BLACKIE SPIT

R NT

99a

32ND AVE 9

26TH AVE

SUNNYSIDE ACRES URBAN FOREST PARK

CRESCENT PARK

24TH AVE

164TH ST

4 8 3

24TH AVE

ng 168TH ST

152ND ST

16TH AVE

148TH ST

140TH ST

128TH ST

16TH AVE

20TH AVE

SOUTH SURREY ATHLETIC PARK

MA R

160TH ST

INE

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'S CREEK 16321 15th Ave., Surrey

3. HYCROFT 2 16467 - 24th Ave. 604-541-2495

50â€ƒYPNEXTHOME.CA

4. GREENWAY AT SOUTHRIDGE CLUB 15828 Mountainview Dr 604-582-1113

5. SOHO

2427 164th St. 604-542-7088

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

HUDSON

OLIVIA Presentation Centre 2855 158th St Surrey 604 536 9333

10. THE CROSSING 288 171 Street 604-542-2883

Trending

Foreign ownership of Canadian real estate low: CMHC Report shows highest rates of foreign ownership in Vancouver and Toronto

THE SHARE OF FOREIGN ownership of

condominiums in Canada’s central metropolitan areas remains low, according to two Housing Market Insight reports from Canada Mortgage and Housing Corp. (CMHC). “Foreign ownership is just one factor influencing Canada’s housing markets – but it’s an important one that continues to gain attention,” says Bob Dugan, chief economist at CMHC. “Our studies show that the share of foreign ownership remains low and concentrated in newer, larger buildings located in the cores of major cities like Vancouver, Toronto and Montreal. We continue to work with our partners in finding new ways to bring this important story into sharper focus.” In the national report, CMHC found foreign ownership of condominiums was highest in Vancouver and Toronto, at 2.2 and 2.3 per cent, respectively. However, both markets saw a decline in share of foreign ownership compared to last year. Other highlights include: » The 2016 shares in both Vancouver and Toronto were more in line with those in 2014. The relatively higher shares observed in 2015 were due to an unusually high proportion of foreign ownership in newly constructed condominiums that year relative to 2014 and 2016. » Foreign ownership in Montreal remained relatively stable at 1.1 per cent. Foreign ownership remains higher in Downtown Montreal and Nuns’ Island, at 4.3 per cent.

MORE TRENDING ONLINE ypnexthome.ca/news

» Outside of these CMAs, the share of foreign owners ranged from a low of 0.2 per cent in Saskatoon and Regina to a high of 1.2 per cent in Halifax. » Foreign ownership continues to be higher among newer and larger buildings in the central areas of Toronto and Vancouver. In Toronto, the share of foreign ownership rose to 3.9 per cent in buildings completed since 2010 and in buildings with more than 500 units, it rose to 5.5 per cent. In Vancouver, newer buildings saw a five-per-cent share of foreign owners, while buildings with more than 100 units reported 3.2-per-cent share of foreign owners. JANUARY 6 - 20, 2017 | NEW HOME & CONDO GUIDE 51

Trending | HOT COMMUNITIES, COOL NEIGHBOURHOODS

Stylish parkside living at The Crossing

South Surrey/White Rock by Susan M Boyce

IT’S CALLED SUNNY SOUTH SURREY for

watch. Be sure to save time for fish ‘n

offer the convenience of a double-wide

a reason. This popular area consistently

chips on the waterfront promenade when

garage.

logs far more hours of sunshine every

you visit.

Evolve

year than any other part of the Lower Mainland. Amenities too, just keep getting

Dawson’s Creek

In the ’Hood: Grandview Heights,

better especially with the ever-expanding

In the ’Hood: Morgan Heights, South

South Surrey

destination shopping and eateries at

Surrey

On the Street: 2239 – 164A St.

Morgan Crossing and Grandview Corners.

On the Street: 16321 – 15th Ave.

On the Web: essenceliving.com/evolve

On the Web: dawsonsawyer.ca

Info: 604.723.4497

from some of the finest beaches on the

Info: 778.293.2222

Developer: Essence Properties

west coast, golf courses ranging from

Developer: Dawson + Sawyer

Housing Type: Townhomes

beginner to pro, galleries and theatres,

Housing Type: Townhomes

Perks’n’Quirks: Situated on a quiet

plus easy access to the US border and

Perks’n’Quirks: Register now because

residential street, these townhomes

YVR, making this location perfect for

sales are anticipated to being in early

offer over 2,000 sq. ft. of living space.

globetrotters, snowbirds, and young

spring. Located adjacent to a salmon-

Walk to the shops of Morgan Crossing

families looking to put down roots.

bearing creek and easy walking to shops,

and Grandview Corners or hop the

restaurants, and schools, most homes

freeway to Vancouver or the US border.

All this and you’re also only minutes

Here’s our roundup of properties to 52 YPNEXTHOME.CA

Grandview at South Ridge Club In the ’Hood: South Surrey Presentation Centre: 15928 Mountain View Dr. On the Web: adera.com Info: 604.582.1113 The South Ridge Clubhouse by Adera is a popular gathering spot

Developer: Adera Housing Type: Executive townhomes Perks’n’Quirks: Third and final release now selling. The heart of the community

SOHO

parkland on two sides and a quiet single-

is the freestanding South Ridge

In the ’Hood: South Surrey

family neighbourhood to the north, this

Clubhouse with pool, hot tub, outdoor

On the Street: 2411 – 160th St.

collection of 67 townhomes is less than

barbeque/kitchen, theatre room and

On the Web: zenterra.ca/soho

a 10-minute bike ride to the White Rock

basketball court/gym.

Info: 604.560.0272

Promenade and about two minutes

Developer: Zenterra

walk to the beach or Peace Portal Golf

Kitchner

Housing Type: Townhomes

Course.

In the ’Hood: Morgan Heights,

Perks’n’Quirks: Huge outdoor spaces

South Surrey

including private rooftop decks, plus

Westside

On the Street: 27th Ave. and 160th St.

an enviable location near the amenities

In the ’Hood: Grandview Heights,

Presentation Centre: 24th Ave. and

of Morgan Heights. A combination of

South Surrey

163rd St.

classic and modern aesthetics creates a

On the Street: 16422 – 26th Ave.

On the Web: Mosaichomes.com

dramatic, transitional architectural style.

On the Web: miracon.ca/westside

Info: 604.538.8695

Info: 604.372.0383

Developer: Mosaic Homes

The Crossing

Developer: Miracon

Housing Type: Rowhomes

In the ’Hood: Douglas, South Surrey

Housing Type: Single-family from

Perks’n’Quirks: Featuring the timeless

On the Street: 288 – 171st St.

$1.2 million

charm of Georgian architecture, these

On the Web: gramercy.ca/thecrossing

Perks’n’Quirks: Designed for elegant

rowhomes offer one, two, and three

Info: 604.542.2883

living, features include coffered ceilings

bedrooms filled with natural light and

Developer: Gramercy

and hardwood flooring throughout the

intelligent design, in a great location right

Housing Type: Townhomes

main level, finished basements, and an

across the street from Southridge Private

Perks’n’Quirks: Tucked between natural

amazing location too.

School.

Old School

Walk to Morgan Crossing and Grandview Corners from your home at Evolve

In the ’Hood: Grandview Heights, South Surrey On the Street: 15268 – 28th Ave. On the Web: dawsonsawyer.ca Info: 604.560.6290 Developer: Dawson + Sawyer and Lakewood Housing Type: Townhomes Perks’n’Quirks: Charming shinglestyle architecture, side-by-side parking, sunken living rooms, main floor powder rooms, and main floor entries. Grand opening in January so register now. JANUARY 6 - 20, 2017 | NEW HOME & CONDO GUIDE 53

Surrey | Langley 116TH AVE

112ND AVE

108TH AVE

A1 A2

104TH AVE

Fr a

se r

W ay

VE OS

A11

y 88TH AVE

88TH AVE BEAR CREEK PARK

176TH ST

72ND AVE

B1 A8

216TH ST

208TH ST

200TH ST

184TH ST

168TH ST

B10

B9 RD

99a

192ND ST

80TH AVE

160TH ST

LO VE

64TH AVE

A11

WATERSHED PARK

60TH AVE

61A

LANGLEY BYPASS

58TH AVE

56TH AVE

Fra s

er H

A10

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

54 YPNEXTHOME.CA

AV E

B5 152ND ST

128TH ST

120TH ST

112TH ST

72ND AVE

1a 144TH ST

King George Blvd

80TH AVE

GOLDEN EARS BRIDGE

96TH AVE

GL OV ER

TYNEHEAD REGIONAL PARK

Fr as

232RD ST

96TH AVE

216TH ST

GREEN TIMBERS URBAN FOREST PARK

#4 7672 209th Street 604-888-9671

#1-7059 210 St. 604-371-0928

B5. WOODLAND PARK 205 – 6360 202nd St. 604-532-6060

B2 ER

48TH AVE

B6. EVERLY GREEN

8217–204B Street 40TH AVE 604-371-3832

B7. GABRIOLA PARK 2049 82nd Ave

B8. ZETTER PLACE 8508 204th St. 778-298-2252

B9. LATTICE AT MILNER HEIGHTS #1-7059 210 St. 604-371-0928

B10. CREST

199938 70 Ave essenceliving.com/crest

PING OP

ESS

TIAL EN

ON TI

CREA RE

FOOD

HOMES @ TOWN CENTRE

1, 2, + 3 BEDROOM HOMES

COMING EARLY 2017 | REGISTER TODAY

THEGUILDFORD.CA

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. Please refer to disclosure statement for speciﬁc offering details. E.&O.E.

guildford’s got IT.

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Trending now The latest real estate news from across Canada

A little trim goes a long way READ THE STORY ONLINE nexthome.yp.ca/trimwork

10 New Year’s Resolutions for real estate in 2017 READ THE STORY ONLINE nexthome.yp.ca/real-estate-resolutions

Want to get fit in 2017? Here’s how to hit the gym READ THE STORY ONLINE nexthome.yp.ca/fitness-2017

Canada’s real estate sector poised for continued growth

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Trending | HOT COMMUNITIES, COOL NEIGHBOURHOODS

The Belmont in Murrayville is attracting buyers who want more space for living

Surrey, Langley and beyond by Susan M Boyce

IF YOU’RE LOOKING FOR A WAY to

Archstone Yorkson

Info: 604.750.0281

maximize your home-buying buck,

In the ’Hood: Willoughby, Langley

Developer: RDG

be sure to check out the Fraser Valley

On the Street: 7665 – 209th St.

Housing Type: Single-family homes

because there’s lots happening to

On the Web: archstone.ca

from $349,900

capture your attention. Prices are still

Info: 604.888.9671

Perks’n’Quirks: Bare-land strata homes,

significantly lower for all housing types

Housing Type: Townhomes from

many with master-on-main floor plans.

than just north of the Fraser River and,

$564,900

Nature is your neighbour with camping,

unlike Vancouver, there are plenty of

Perks’n’Quirks: Deluxe living that

hunting, mountain biking, fishing and

opportunities to own a brand new

includes up to 1,810 sq. ft. of space that

cross-country skiing all close at hand.

townhome with all the bells and whistles

feels a single-family home. Side-by-side

Maintenance free, single-family lifestyle

— some even including features like

garages, nine-ft. ceilings through main

at affordable prices.

rooftop decks.

living level, plus kitchens with custom

Also of note, this year saw a few new developments under construction

built-in wine rack and Jenn-Air coffee

Crest

system.

In the ’Hood: Willoughby Heights,

in Abbotsford and even one in Hope.

Langley

And if you haven’t stopped in Chilliwack

Creekside Estates

On the Street: 19938 – 70th Ave.

for a while, it’s worth a second look.

In the ’Hood: Silver Creek, Hope

On the Web: essenceliving.com/crest

Meanwhile, here are a few projects to

On the Street: 63650 Flood Hope Rd.

Info: 604.318.5167

keep on your radar.

On the Web: creeksideliving.ca

Developer: Essence Properties

58 YPNEXTHOME.CA

Housing Type: Townhomes

Large patios and balconies as well as

Perks’n’Quirks: Located next to Yorkson

Perks’n’Quirks: Exclusive collection of

luxuriously appointed interior finishing

Creek and the future Yorkson Park,

townhomes with over 2,600 sq. ft. of

details. Walking distance to downtown

yet just steps to the new Willoughby

exceptional living space within walking

Maple Ridge plus easy access to

Town Centre. Engaging cottage-style

distance to Willowbrook Mall, Langley

Lougheed Highway and Golden Ears

architecture, the Country Cottage

Power Centre, and the Township’s

Bridge.

Clubhouse with river rock fireplace, and a tranquil, natural setting.

extensive urban trail system.

Gabriola Park Everly Green

In the ’Hood: Willoughby, Langley

Guildford the Great II

In the ’Hood: Willoughby, Langley

On the Street: 20498 – 82nd Ave.

In the ’Hood: Guildford, Surrey

On the Street: 8217 – 204B St.

On the Web: gabriolapark.com

On the Street: 10433 – 158th St.

On the Web: everlygreen.ca

Info: 604.371.1892

Presentation Centre:

Info: 604.371.3832

Developer: Royale Properties

15340 Guildford Dr.

Developer: Streetside Developments

Housing Type: Townhomes from

On the Web: dawsonsawyer.ca

Housing Type: Townhomes from

$469,900

Info: 778.293.2222

$499,900, single-family from $745,900 Perks’n’Quirks: Rare opportunity to purchase either a townhome (some with rooftop decks) or a single-family strata home (many with master-on-main floor plans). Both home types share a lush, central greenway. Excellent proximity to shopping, transit, schools, and the Langley Events Centre.

Evolve In the ’Hood: Central City, Surrey On the Street: 133A St. and 104th Ave. On the Web: evolvecondos.com Info: 604.497.0102 Developer: WestStone Group Housing Type: Highrise from $202,900

Gabriola Park features urban finishes and a location next to Yorkson Creek in Langley

Perks’n’Quirks: Final release of homes now selling. Good selection of floor plans, many on upper floors meaning spectacular views. Be sure to ask about the current promo: your chance to take up to $10,000 off the purchase price.

Falcon House In the ’Hood: Maple Ridge On the Street: 12367 – 224th St. Presentation Centre: 12011 – 224th St. On the Web: falconhouse.ca Info: 604.477.1500 Developer: Falcon Homes Housing Type: Lowrise Perks’n’Quirks: Quiet, park-like setting adjacent to dedicated green space.

Sync townhomes are eye-catching with stylish architecture and whimsical red front doors JANUARY 6 - 20, 2017 | NEW HOME & CONDO GUIDE 59

Developer: Dawson + Sawyer Housing Type: Townhomes from high $400,000s Perks’n’Quirks: Within walking distance to Guildford Town Centre, this intimate collection of just 30, three- and fourbedroom homes builds on the success of the now sold out Guildford the Great. Previews now happening.

Mill District In the ’Hood: Mill Lake, Abbotsford On the Street: 2555 Ware St. Presentation Centre; 33323 South Fraser Way On the Web: milldistrict.ca Info: 604.621.5888 Developer: Heinrichs Developments Housing Type: Lowrise Perks’n’Quirks: Contemporary architecture fuses clean lines with timeless elements and a natural setting near Mill Lake. Rare opportunity to own a

Zetter Place creates a decidedly hipster vibe in a distinct tranquil setting

brand new boutique condo in this area. stoops, and red front doors — like West

Housing Type: Lowrise from the mid-

Summit

Coast contemporary meets English

$200,000s

In the ’Hood: Panorama Heights, Surrey

country garden.

Perks’n’Quirks: Rare opportunity to

On the Street: 14058 – 61st Ave.

own a brand new condo across from

On the Web: hayerlifestyle.com

The Belmont

this neighbourhood’s vibrant, new town

Info: 778.591.6685

In the ’Hood: Murrayville, Langley

centre. Great access to the Carvolth

Developer: Hayer Builders Group

Presentation Centre: 22084 Fraser Hwy.

Park&Ride exchange, Willowbrook Mall,

Housing Type: Townhomes from the

On the Web: madeinmurrayville.ca

and the Langley Events Centre too.

low $600,000s

Info: 778.277.1611

Perks’n’Quirks: Spectacular rooftop

Developer: Infinity Properties

Zetter Place

decks structurally engineered to

Housing Type: Lowrise from high

In the ’Hood: West Yorkson, Langley

accommodate a hot tub, 11-ft. ceilings,

$200,000

On the Street: 8508 – 204th St.

plus kitchens with wine fridge and gas

Perks’n’Quirks: Blending city

On the Web: livezetter.com

range. Life is good.

convenience with the charm of small-

Info: 778.298.2252

town living, these spacious floor

Developer: Lanstone Homes

Sync

plans (up to 1,400 sq. ft.) create the

Housing Type: Townhomes from mid

In the ’Hood: Uplands, Surrey

ambiance of single-family living with the

$400,000s

Presentation Centre: 14555 – 68th Ave.

convenience of lock’n’go — the best of

Perks’n’Quirks: Natural gas ranges,

On the Web: SyncLiving.ca

both worlds.

nine-foot sliding doors to patio with

Info: 778.590.7283

optional barbecue hook ups, side-

Developer: Lakewood

The Wex

by-side garages, and optional air

Housing Type: Townhomes

In the ’Hood: Willoughby, Langley

conditioning. West Coast architecture

Perks’n’Quirks: Great location on

On the Street: 20829 – 77A Ave.

gives a decidedly hipster vibe to the

a quiet street opposite greenspace.

On the Web: thewex.ca

design in a distinct tranquil setting. Just

Inviting, whimsical architecture with

Info: 604.513.8655

a block to the new Carvolth Transit

steeply gabled rooflines, covered front

Developer: RDG

Exchange too.

60 YPNEXTHOME.CA

Trending

What was your home worth on July 1? It matters for 2017 THE RED-HOT VANCOUVER MARKET is showing very

few signs of slowing down anytime soon. According to a new release from BC Assessments, homeowners in the Greater Vancouver area can expect a “significant increase” in the assessed values of their homes, ranging from 30 to 50 per cent for single-family homes. Home values in 2017 will reflect what was happening around the company’s uniform valuation date of July 1. According to Assessor Jason Grant, “The preliminary market analysis for 2017 property assessments indicates significant increases over last year’s assessment values… Increases of 30 to 50 per cent will be typical for single-family homes in Vancouver, North Shore, Squamish, Burnaby, Tri-Cities, Richmond and Surrey. Typical strata residential increases will be in the 15 to 30 per cent range.” The 2017 property assessments will outpace Greater Vancouver’s 2016 valuations, which saw an increase between 15 and 30 per cent compared to the previous year, while urban residential strata units were up a modest 10 per cent. While the projections are astounding, most Vancouver residents have grown accustomed to increasing property values. When analyzing Greater Vancouver’s historical home price growth, the area has experienced 59-per-cent growth from 2004 to 2008, and continued to climb 23 per cent from 2008 to 2012, as well as from 2012 to 2016. The Greater Victoria area is also projected to experience considerable growth. “Increases of 10 to 40 per cent will be typical for single-family homes in Victoria, Saanich, Sidney and Oak Bay. Typical strata residential increases will be in the five to 25 per cent range,” says Acting Assessor Christopher Whyte. The report also noted that these increases will not be exclusive to residential properties. Commercial and industrial properties will also see a 10- to 30-per-cent increase. Commercial spaces purchased with the intent of redevelopment will likely exceed this range. Each year on July 1, BC Assessment estimates the market value of properties in B.C. The organization’s professional appraisers analyze current sales in the local area, as well as the property’s size, age, quality, condition, view and location. The report notes that analyzing the market on the same date 62 YPNEXTHOME.CA

every year “ensures your property’s assessed value is fair, equitable and uniform compared to the other properties in your community and across B.C.” “It is important to understand that large increases in property assessments do not automatically translate into a corresponding increase in property taxes,” Grant notes. “Your taxes are actually affected by your assessment changes compared to the average change in your community.” All B.C. property owners will receive their annual property assessment notices in early January 2017. Homeowners with properties experiencing significant assessment increases that exceed the typical range of change would have received notifications in December.

MORE TRENDING ONLINE ypnexthome.ca/news

yorkson

yorkson & 4 BEDROOM DELUXE 3TOWNHOMES

NOW SELLING Don’t miss this opportunity to own a new home in the highly sought-after Yorkson Neighbourhood. Shops at Willoughby Town Centre and Richard Bulpitt Elementary for growing families.

YOU GET • 3 or 4 Bedroom Deluxe Townhome ranging in size from 1,497 to 1,810sq ft. • Oversized side-by-side garages for big trucks or extra storage

• Move in ready homes • Walk-out rear yards (select homes) • Modern exteriors with hardi-panel siding • Gas cook top and oven with hoodfan • Custom wine rack built into cabinetry • Built-in coffee system with coffee, espresso or cappuccino options • Double sink in all ensuites • In floor heating in all bathrooms

PLUS SO MUCH MORE.

4-7665 209TH Street, Langley, BC

In our continuing effort to improve and maintain the high standard of Archstone Yorkson, 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 appoximate 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. Please refer to disclosure statement for specific offering details. E.&O.E.

Advice | CONDO SENSE

Condo and townhome pre-sales on the rise New Year’s resolutions? Add home ownership to the list

By Cameron McNeill

MORE ADVICE ONLINE ypnexthome.ca/news/advice

THE FIRST QUARTER OF 2016 was a banner year for Metro Vancouver’s real estate market. Following the record highs of this past spring, the market has been moving toward more normal activity. It is great to see a return to a healthier housing market for homebuyers.

Market snapshot and 2017 condo trends In August, the government announced new housing policies to help cool down the market, including the 15-per-cent foreign buyers’ tax, mortgage stress test and vacant home tax. Prior to the new policies, the multi-million-dollar singlefamily home market was starting to slow down, and will continue to experience slower sales rates and likely downward price pressure on higher-end homes in the new year. New pre-sale developments remain active – particularly in the condo and townhome market, with close to 70 per cent sold since August. In 2017, the presale market will experience a trend toward transit-oriented communities, which have been undergoing major revitalization. Keep neighbourhoods and new town centres such as Metrotown, Edmonds, Brentwood, Cambie Corridor and Coquitlam on your radar. These vibrant urban hubs will see upgrades from parks and recreation, retail and dining to infrastructure enhancements. 64 YPNEXTHOME.CA

In 2017, new town centres will start to emerge in transit-oriented communities like Simon by Otivo in West Coquitlam. A collection of 64 modern homes, Simon is a ﬁve-minute walk from the new Evergreen Skytrain Line with access to shopping, restaurants, groceries, parks, and schools.

Even if you aren’t in the market for a new home, a visit to a pre-sale presentation centre can be a great way to learn more about changes coming to an area. You may be pleasantly surprised to find new public amenities and upcoming transformations that will benefit the local community. The road to New Year’s Resolutions As you start to think about New Year’s Resolutions, consider putting home ownership at the top of your list for 2017.

A successful home purchase, like any other significant life event, requires preemptive planning, whether you’re a firsttime homebuyer, starting a new family, or seeking to downsize or upgrade. Where do I start? Planning for ownership can be overwhelming, but it doesn’t have to be. First, define your end goals. Whether you want to eventually move into a familysized home, be mortgage-free within 15 years or generate income, understand

July to October 2016: The Greater Vancouver sales-to-listing ratio declined since the foreign buyers tax was implemented on Aug. 2, 2016. However, the three-month trend would indicate a levelling off versus a continued steep decline. The market is still active overall — particularly in apartments and townhomes.

what your goals are. With goals in mind, industry specialists such as your realtor, sales representative and financial advisor can analyze your personal situation and help you develop a plan. During the planning process, factor in your finances, lifestyle and career path. Determine the details of your budget for the down payment, fees, taxes and monthly payments such as strata costs to help you make a good financial decision. Research the neighbourhood that best suits your lifestyle. If necessary, make changes to account for this investment so you are still living within your means and don’t over-extend your commitments. A career assessment may be helpful to see how it aligns with your condo completion date. A promotion or bonus can contribute to your savings plan, but be conservative in your estimate. Identify top priorities What’s important to you? Make a wish list of what you’re looking for, and then identify your top three priorities. As you search, you can refer back to this list to help you make a decision

and ensure you select what makes the most sense for your lifestyle. A checklist can include items such as budget, specific features like in-suite laundry or large outdoor space, building and community amenities, areas of high rental demand, or commuting time to work. Other priorities can be seeking an up-and-coming neighbourhood for a starter home, or looking at a long-term investment and income opportunity. Understand your wants and needs for your property and know what items are non-negotiable to help you narrow it down and keep you within budget. Enlist help, start looking, make it happen Once you know what you’re looking for and understand all of the costs associated, enlist some help to follow through with your plan. A few suggestions include: » Register for pre-sale communities in areas that interest you. » Find a realtor you feel comfortable with to help you find the right property and navigate the real estate transaction.

» Start building relationships with bank or mortgage brokers. If buying presale, you may be able to get preapproved and secure an interest rate early. » Identify a lawyer or notary to help finalize the transaction. » Ask the sales representative at the presentation centre for the floor plan and begin planning your space. » Start planning your move and/or post completion activities. There are many online checklists which can help run through everything you will need to do. This will be one of the biggest investments of your life. It’s important to manage your expectations. In the short-run, you may need to make compromises to your monthly budget, savings strategy and/or lifestyle adjustments. In the long-term, although there may be detours or speedbumps, realize your strategy can change with you and still lead you to the end goal. With a normalizing market, now is a great time to consider a new purchase.

We are excited to announce that come January 2017 MAC Marketing Solutions and BLVD Marketing Group will operate under our new brand – MLA Canada. Sign up at Mlacanada.com to stay up to date on real estate news. JANUARY 6 - 20, 2017 | NEW HOME & CONDO GUIDE 65

looking for a new home? Itâ€™s only a tap away. Find the perfect new home or condo in the neighbourhood that fits your lifestyle.

START SEARCHING NOW!

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NOW SELLING

NATURAL LIVING ON YORKSON PARK

Next release of completed townhomes now selling!

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

Trending

Rising household debt a “key vulnerability” in Canada BY LYDIA MCNUTT

THE BANK OF CANADA IS WARNING of rising

household debt and housing prices... again. This familiar theme was echoed in December 2016 and previously, in June 2016, in the Bank’s Financial System Review (FSR) – a twice-yearly report that examines and analyzes Canada’s overall macrofinancial conditions. The Bank highlighted elevated levels of Canadian household debt as a key vulnerability in most Canadian cities, but particularly in Vancouver, Toronto and Calgary. “The most important risk remains household financial stress and a sharp correction in house prices, triggered by a large and persistent nationwide rise in unemployment,” the report outlines. “The likelihood of this risk materializing, however, remains low.” Canada’s overheating housing markets will experience a cooling effect thanks to recent changes to mortgage financing rules and other housing sector policies, “which will dampen activity in the sector and improve the quality of new mortgages,” the Bank reported. The latest round of mortgage rule changes took effect in October 2016 and now require high-ratio mortgages to qualify at the Bank’s posted rate – currently 4.64 per cent – to guarantee the ability to 68 YPNEXTHOME.CA

make mortgage payments in a more realistic rate environment. The new rules also require that the Gross Debt Service ratio (total housing costs including mortgage, taxes and heating) not exceed 39 per cent of a borrower’s gross income while the Total Debt Service ratio (housing costs plus all other debt payments) not exceed 44 per cent. Other policy measures include Vancouver’s new 15-per-cent foreign buyers’ tax and the new vacant home tax. The Bank calculates that 31 per cent of Canada’s high-ratio mortgages issued in the past year would not have qualified under the new rules. The good news is that the new mortgage rules are expected to have the desired effect of reigning in housing market activity and reducing mortgage debt. “While the impact of these measures will be concentrated in regions where house prices are the highest relative to income, such as Vancouver, Toronto and Calgary, they will also have important effects at a national level.”

MORE TRENDING ONLINE ypnexthome.ca/news

JANUARY 6 - 20, 2017 | NEW HOME & CONDO GUIDE 69

Trending

B.C. HOME Partnership Program priming 2017 as the year for first-time buyers IT APPEARS THAT 2017 might be the year for aspiring homebuyers enter the market, with Premier Christy Clark’s recent announced that the B.C. government is launching a new program to help first-time homebuyers put a down payment on their mortgage. The program is a much-needed saving grace for B.C. residents, many of whom have been priced out of Canada’s most expensive housing market. The B.C Home Owner Mortgage and Equity (HOME) Partnership Program will be launching in January 2017, allowing first-time buyers to apply for assistance with their down payment of up to five per cent of the purchase price of a home. The province is investing a total of $703 million in the first three years, which will help approximately 42,000 households enter the market for the first time. “We believe every British Columbian deserves a place to call ‘home,’” said Premier Christy Clark. “We’ve invested in affordable rental housing, we’ve invested in transitional and emergency housing, and now we’re partnering with first-time buyers to make the purchase of their first home more affordable.” Saving for a down payment is one of the most difficult aspects of buying a home. This challenge is heightened for those living in the Greater Vancouver Area – the most expensive housing marketing in the country, with the average aggregate price of a home reaching $1,098,599 in July 2016. For those looking to get a foot into the home-ownership market by purchasing a onebedroom condo are still under immense pressure to save a considerable amount of money, with prices going as high as $500,000. The new program, however, will help aspiring homebuyers with the challenges of saving for a down payment by contributing to the amount first-time homebuyers have already saved for their down payment, providing up to $37,500, or up to 70 YPNEXTHOME.CA

five per cent of the purchase price, with a 25year loan that is interest-free and payment-free for the first five years. So, for example, if you’re able to conjure up $35,000 for a down payment, you will be eligible to borrow another $35,000 to go towards the down payment for your home – bringing your payment up from $35,000 to $70,000. The program allows buyers to collect the additional funds without having to turn to a financial institution, which would require them to pay interest on the loan. With the B.C. HOME Purchase Program, no monthly interest or principal payments are required during the first five years. Afterwards, homebuyers can start making payments at current interest rates for the remaining 20 years. The loan, however, must be repaid by the time the home is sold, or transferred to another owner. B.C HOME Partnership Program will start accepting applications on Jan. 16, 2017. Homebuyers who wish to apply to the program must meet a set of qualifications. For example, homebuyers must use the property as their principal residence for the first five years, the home must have a purchase price less than $750,000, buyers must be preapproved for an insured highratio first mortgage for at least 80 per cent of the purchase price, homebuyers must have a gross household income not exceeding $150,000, and buyers must have a down payment for at least the amount for which they applied. Once the sale is complete, program funds will be registered as a second mortgage on the property’s title.

MORE TRENDING ONLINE ypnexthome.ca/news

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大溫哥華版 / METRO VANCOUVER EDITION

METRO VANCOUVER EDITION

TUDOR HOUSE SALES GALLERY

GRAND OPENING JANUARY 21ST REGISTER TODAY TUDORLIVING.CA

A TIMELESS COLLECTION OF 15 TOWNHOMES LOCATED IN VANCOUVER INSIDE THIS ISSUE

2017 REAL ESTATE TRENDS AND FORECASTS: INDUSTRY INSIDERS CHIME IN

TOP 10 REAL ESTATE NEWSMAKERS OF 2016

HOT PROPERTIES, COOL COMMUNITIES TO CHECK OUT THIS YEAR

本期內容

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Safeway, IGA, Skytrain Stations, Community Centres and More. To advertise call 604.519.6080

地產市場將何去何從？

BRITISH COLUMBIA’S NEW HOME & CONDO DEVELOPMENTS PROJECT

TYPE

CONTACT

PRICE

ABBOTSFORD Allwood Place Cedar Landing Eagle Estates Eagles Gate Falcon Ridge Foxwood Mahogany at Mill Lake Mill District Mount Waddington Straiton Estates

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 Ivory Mews Kings Crossing Lougheed Heights Lumina Milano Novella OakTerra Pacifico Paddington Mews Pixel Savile Row Solo District Station Square The Peak Trio Triomphe Veritas Verdi on the Heights

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

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 $419,900 goldhouseliving.com Coming Soon imperialbyamacon.com Now Selling 604-528-6935 From $289,900 cressey.com/kingscrossingbycressey Coming Soon 604-939-2677 Call luminabrentwood.com Coming Soon 604-294-8989 From $298,900 604-536-5777 Call 604-431-6033 Call 604 294 3802 Call 604-438-9922 From $334,900 pixelburnaby.com From $399,900 604-833-1606 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 $389,900 604-563-3020 Call

HR SF HR LR TH TH SF 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 montbleu.ca 604-998-8998 604-563-5777 604-945-8741 604-871-2439 604-464-2260

COQUITLAM 1123 Westwood Amberleigh Brookmere Charland Dwell24 Foster Ave Rowhomes Kingston Lougheed Mont Bleu Nelson on Foster Novella Parker House Stanton House Sterling

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

SF Penthouse (PH)

Live Work (LW)

PROJECT

Call From 274,900 inc net GST From $599,900 From $373,500 From $789,000 From $524,900 Call Coming Soon Call Call

Call Coming Soon Now Previewing Call From $759,900 Coming Soon Coming Soon Call Coming soon Call Call From $429,900 Coming Soon From $689,900

City Home (CH)

High Rise (HR)

TYPE

CONTACT

PRICE

The Ridge at Burke Mountain Phase 2 SF

foxridgehomes.ca

Coming Soon

DELTA Delta Rise Fairwinds Muse South Pointe Sunstone

604-594-7473 604-946-8812 liveatmuse.com 604-584-2908 sunstonevillage.ca

Call From $599,900 From $199,900 From $699,900 Call

LR LR TH/DU SF SF SF/LR

604-943-8811 604-274-7326 604-943-6677 604-271-7288 604-943-6677 604-948-HOME

Call

TH TH TH LR TH TH MR TH

604-888-9671 604-539-6281 604-318-5167 778-277-1611 604-371-3832 604-371- 1892

Call From $499,900 Call Call Call Call Coming soon Call From $314,900 Call From $440,000 Coming Soon Coming Soon Call Coming soon Call

HR TH LR SF TH

TSAWWASSEN Brio Harbour Walk Pelican Cove Tsawwassen Heights Tsawwassen Shores Tsawwassen Springs LANGLEY Archstone Yorkson Ashbury + Oak Crest The Belmont at Heritage Everly Green Gabriola Park Grace Lattice at Milner Heights Mission Green Prestwick at Milner Heights Yorkson South Walden The Wex Willoughby West Willow Zetter Place

TH SF TH MR SF TH TH

604-371-0928 604-871-4288 604-371-0928 778-785-1673 604-561-0889 604-513-8655 604-371-0733 778-298-2252

From $589,900 Call From $499,900 Call

MAPLE RIDGE The 222 Albion Crossing Albion Station Edge on Edge 2 Falcon House Grant Hill Estates Kanaka Hill Magnolia Grove Montgomery Acres Pointe, The Ridgemont Robertson Heights Ruxton Village Station One The Terraces Wellington Station

LR TH TH LR LR SF TH TH SF SF TH SF TH LR TH LR

604-534-1234 604-477-2959 604-999-2452 604-476-1777 604-380-4708 604-380-0300 778-878-1347 604-351-3261 604-380-0300

From $184,900 From $359,900 From $254,900 Call Call Call Coming soon Call From $534,980 From $489,900 Coming Soon From $459,900 Call From $164,900 From $369,900 From $189,000

MISSION / HARRISON Horizons

1-888-826-1177

From $319,800

Mid Rise (MR)

Low Rise (LR)

604-767-5913 604-551-5215 604-351-3261 604-466-8783 604-477-1500 604-230-3935

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

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

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

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 604-983-9065 604-924-0818 604 971 3181

From $379,900 Call Call Call Coming Soon Coming Soon From $469,900 From $378,900 Call Call From $698,000 Coming Soon Call From $699,900 Call

PITT MEADOWS Orion

www.orionliving.ca

Coming Soon

PORT COQUITLAM Fremont Indigo Salisbury Lane

TH TH

604-552-0319 604-475-1172

Call Call

PORT MOODY Station, The

604-492-3338

Call

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

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 Kingsley Estates TH 604-821-1384 Call 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 234214_Axis_NHBG_BannerAd_(Full_Bleed)_prs01.pdf 1 Parc Riviera MR 604-231-5900 From Low $200’s Park Residences at Minoru HR 604-303-8878 Call Penthouse (PH)

Live Work (LW)

City Home (CH)

High Rise (HR)

PROJECT

Pier, The Pinnacle Living at Capstan Pinnacle Living Sorrento Quintet Riga Riva River Green River Park Place River Inlet Vogue Westminster Terrace SQUAMISH / WHISTLER Breeze Elaho Ocean Crest ParkHouse Ravens Plateau Ravenswood Seven Peaks Summits View Aqua University Heights SUNSHINE COAST SECHELT Edgewater at Porpoise Bay SilverStone Heights SURREY 3 Civic Plaza Esplanade at Waterstone Evolve Greenwood Townhomes Guildford The Great Harvest at Bose Farms Heights Highcrest HQ Joi Living The Links Residences Monarch Crossing Panorama 62 Park Avenue West Park Place Village Prime on Plaza Sync Summit University District 2015-01-16 11:37 AM Wave Westpointe Mid Rise (MR)

Low Rise (LR)

TYPE

CONTACT

PRICE

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

604-274-7326 604-303-0148 604-303-0148 604-303-8878 604-715-1250 604-278-8825 604-233-2633 604-356-7719 604-233-2633 604-715-1250 604-204-1077

Call Call Call Call Call Call Call Call Call Call Call

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

604-313-4228 604-898-2232 604-896-2235 604-567-5433 1-888-852-7575 604-670-7862 604-871-4191 604-892-5888 1-877-344-5566 1-888-852-7575

Call Coming Soon From $1,298,000 From $167,900 Call From $800,000 Coming Soon From $559,900 From $239,000 Call

TH SF

604- 885-8556 604-741-1877

From $309,900 From $479,900

HR LR HR TH TH TH TH TH LR TH TH TH TH HR TH HR TH TH HR HR TH

604-951-3331 604-530-5399 604-497-0102 604-621-3331 778-293-2222 604-576-7722 604-618-6175 604-584-7273 porte.ca/HQ 604-574-8888 infinityproperties.ca 604-719-7730 778-885-6700 604-583-9866 604-617-7763 604-498-3888 778-590-7283 778-591-6685 604-588-5795 604-951-9283 604-833-9193

Call From $219,900 Call Coming Soon Call Call From $339,900 From $345,900 Coming Soon From $339,000 Coming Soon Call Call From $250’s From $359,000 Call Call From mid $600’s From $233,900 From $291,900 Call

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 Paragon Renfrew & 2nd River District - Avalon Park R+R Skyway Strathcona Gardens Triumph View338 Woodshire

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

604-438-5050 604-891-1281 604-464-4764 604-563-6777 604-330-8848 liveatthegem.com grandviewcascades.com 604-620-7886 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 Coming Soon From $259,900

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 Edward Epic at West Eton Granville at 70th Hawthorne Henry Kerrisdale Gardens

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

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 604-325-2216 604-707-9378 604-221-8598 604-687-2298 604-558-1907 604-715-6060 604-559-9848

Call Call Call Coming Soon Call From $528,800 From $429,900 Call Call Call From $367,400 Call Call Call Call Call Call Call From $888,000 Call Coming Soon Coming Soon From $540,900

Penthouse (PH)

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

$534,900 Call Call Call From $219,900 From $420,900

City Home (CH)

High Rise (HR)

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 Kichener Old School Olivia Pacific Heights Plateau at Grandview Heights Prescott Commons SoHo South on 16th South Ridge Club Westpointe Westside at Orchard Grove Zirkon 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 2017 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 zenterra.ca/soho Coming Soon 604-720-7478 From $609,900 604-582-1113 From $420’s 604-833-9193 Call 604-372-0383 Call 778-885-5790 Call

Loft (LO) Duplex (DP) Townhouse (TH) Row Home (RH)

PRESENTATION CENTRE

the essence of seaside living AVENUE ONE is poised to become the most sought after address in Southeast False Creek. Every suite will feature a spacious Outdoor Living Room or Balconette Sliding Doors to enrich the experience of seaside living.

PRESENTATION CENTRE: 88 PACIFIC BOULEVARD, VANCOUVER 604.899.8800

AVENUEONE.CA

Allillustrations illustrationsreflect reflectthe theartist's artist'sinterpretation interpretationof ofthe theproject projectand anddo donot nottake takeinto intoaccount accountthe theneighboring neighboringbuildings, buildings,physical physicalstructures, structures,streets streetsand andlandscape. landscape.The Thedeveloper developerreserves reserves All theright rightto tomake makemodifications, modifications,substitutions, substitutions,change changebrands, brands,sizes, sizes,colours, colours,layouts, layouts,materials, materials,ceiling ceilingheights, heights,features features&&finishes finishesand andother otherspecifications specificationswithout withoutprior priornotification. notification.This Thisisis the notan anoffering offeringfor forsale. sale.Any Anysuch suchoffer offermay mayonly onlybe bemade madewith withthe theapplicable applicabledisclosure disclosurestatement statementand andagreement agreementof ofpurchase purchaseand andsale. sale.Concord ConcordAvenue AvenueOne OneLimited LimitedPartnership. Partnership.EE&&O.E. O.E. not

CANADAâ€™SLARGEST LARGESTCOMMUNITY COMMUNITYBUILDER BUILDER CANADAâ€™S

604 436 5550 | imperialbyamacon.com

VISIT THE PRESENTATION CENTRE TODAY 4700 IMPERIAL STREET BURNABY O P E N D A I LY 1 2 - 5 P M ( C L O S E D F R I D AY )

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.

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

NOW SELLING

PREVIEWS BEGIN JANUARY

REFINED CITY LIVING

THOUGHTFULLY DESIGNED 2 + 3 BEDROOM RESIDENCES ARE COMING TO THE HEART OF DOWNTOWN VANCOUVERâ€™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

THIS IS NOT AN OFFERING FOR SALE. ANY SUCH OFFERING CAN ONLY BE MADE BY WAY OF DISCLOSURE STATEMENT. E. & O.E.

A limited collec tion of concrete, air-conditioned residences and townhomes star ting from $1.38 million

OVER 80% SOLD Speak With a Sales Advisor Today

604.699.0036

3044 Edgemont Boulevard North Vancouver, BC

NEW HOURS AS OF NOV 30, 2016 Open weekends 12-5PM or by appointment only

VD BL

A HL

VD BL

T T N N O O EM D EM G LVD DG BLV E ED B

connaughtliving.com

PRESENTATION CENTRE

P R E S E N TAT I O N C E N T R E

W QUEENS RD

W QUEENS RD This is not an offering for sale. Any such offering can only be made with a Disclosure Statement. E.&.OE. Prices are subject to change without notice

BR E N T WO OD

Interested parties please register at belparkliving.com or call 604

PR ES ENTATION CEN T RE AT OAK RIDGE MAL L LOCATED AT 4 1ST AVE & C AMBIE ST. (EN T RAN C E OFF OF 41ST ) OPEN DAI LY NOO N – 6 PM EXC EP T FRIDAYS

1 Bedroom $699,900 · 2 Bedroom $989,900 · 3 Bedroom $1,950,900

NOW SELLING

THE DEVELOPER RESERVES THE RIGHT TO MAKE CHANGES AND MODIFICATIONS TO THE INFORMATION HEREIN WITHOUT PRIOR NOTICE. E&OE.

Oakridge Presentation Centre

891 1281

NESTLED BETWEEN LANGARA GOLF COURSE AND WINONA PARK, BELPARK IS RIGHT AT HOME ON VANCOUVER’S WESTSIDE.