BC New Home and Condo Guide - Jan 5, 2018

JAN 5 – 19, 2018 | nexthome.ca

METRO VANCOUVER EDITION

Connecting Canadians to new HOMES & CONDOS for more than 25 years

INSIDE:

HOUSING MARKET OUTLOOK: WHAT LIES AHEAD?

LAUNCHING THE NATIONAL HOUSING STRATEGY

R E G I S T E R T O D AY

WHERE LIFE P L AYS OUT ON THE GREEN

R E G I S T E R T O D AY

A COLLECTION OF 55 TOWNHOMES AT G U I L D F O R D GOLF COURSE The Links is one of those once-in-a-lifetime locations. Set amid native landscape and adjacent to Guildford Golf & Country Club, these 55 distinguished townhomes are a dream come true.

7979 152ND STREET SURREY BC T H E L I N K S AT G U I L D F O R D . C O M

604.670.7858

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

Nobody’s Backyard is Bigger 2, 3 & 4 BEDROOM TOWNHOMES ON TYNEHEAD PARK

Canopy is a little taste of rural life, without having to leave the city.

It’s letting your kids grow up running free, riding bikes, playing in the snow.

Here contemporary townhomes back onto 642 acres of trees, trails, meadows and river. It’s the ultimate luxury, expansive natural space, with all the conveniences of the city close at hand.

1 160 ST

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AN

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Sign up today at CanopyLiving.ca Y

TYNEHEAD PARK

This is not an offering for sale. Any such offering can only be made with a disclosure statement. Sales by Qualico Realty. E.&O.E. 96 AVE

A CONTEMPORARY OF ARCHITECTURALLY AENCLAVE CONTEMPORARY

ENCLAVE OF ARCHITECTURALLY STUNNING TOWNHOMES

STUNNING TOWNHOMES

Expansive rooftop patios Expansive patios Forced Airrooftop heating Forced Air heating Side-by-side parking Side-by-side parking Generousliving livingroom room and bedrooms Generous and bedrooms Oceanand andmountain mountain views Ocean views Walkingdistance distance Morgan Crossing Walking toto Morgan Crossing

COMING SOON

NATURALLY PARKSIDE A COLLECTION OF MID-CENTURY INSPIRED 1, 2 + 3 BEDROOM HOMES NEIGHBOURING THE VANCOUVER GOLF CLUB IN COQUITLAM REGISTER TODAY

WYNWOODGREEN.CA

Artist rendering only.

This is not an offering for sale. Such offering can only be made by way of disclosure statement. Wynwood Green is developed by Anthem 585 Austin Developments LP. Renderings, sketches, plans and finishes are representational only. Prices subject to change. E&O.E

JAN 5 – JAN 19, 2018 | VOLUME 3 ISSUE 1

CONTENTS

16 ON THE COVER:

GRYPHON DEVELOPMENTS WESTBURY: REDEFINING THE ART OF LIVING 10 NextHome.ca

special feature: VICE PRESIDENT & CHIEF PUBLISHING OFFICER

Caroline Andrews PUBLISHER & GENERAL MANAGER

Shawn Woodford DIRECTOR OF CONTENT & EDITOR-IN-CHIEF

Jennifer Reynolds DIRECTOR, MULTIMEDIA SOLUTIONS

Nora Wallace MANAGING EDITOR

Wayne Karl

44

EDITOR

Sonia Bell ACTING ART DIRECTOR

Miguel Cea CONTRIBUTING EDITORS

Elisa Krovblit Keay Marlene Eisner

PROPERTY PROFILE

32 Qualex

Green on Queensbury: Innovative living for modern homeowners

NEIGHBOURHOOD PROFILE

CONTRIBUTING WRITER

22 Arbutus Ridge

SALES MANAGER, MULTIMEDIA SOLUTIONS

IN EVERY ISSUE

MEDIA CONSULTANTS

Susan M Boyce

Jared Holland 403.462.7781 Dave Bird 604.319.7102 Ricardo Hernandez 604.319.7103

TRENDING

12 Editor’s Note

34 Industry Insights

26 Hot Properties

Ranee Pal

18 What’s Online

SENIOR MANAGER, DISTRIBUTION

48 Listings Directory

NATIONAL CIRCULATION MANAGER

DISTRICT MAPS

PRODUCTION MANAGER

14 Vancouver, Downtown Vancouver

GRAPHIC DESIGNER

Industry experts share their thoughts on 2018 trends

38 National Housing Strategy

Beginning to address housing need in Canada

42 Market News

Housing starts gain in November

44 Housing Market Outlook

What lies ahead in 2018?

ADVICE

20 Condo Sense

Pre-sale homes: Budget for the new year

BY CAMERON MCNEILL

31 GVHBA Report

Highrises: Experience the urban lifestyle

BY BOB DE WIT

INSPIRATION

28 Style File

Tips for creating the comfiest corner in your home

24 South Surrey, White Rock 30 North Shore, Squamish 36 Surrey, Langley, Abbotsford & Mission

SALES COORDINATOR

Dwayne Rutherford John Jenkins

Anthony Majetic Miguel Cea PRODUCTION CO-ORDINATOR

Hannah Yarkony Published by

A brand of Yellow Pages Homes Ltd.

2025 Willingdon Ave., 4th floor Burnaby, BC, V5C 0J3 T 604.519.6080 F 604.519.6088 nexthome.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-todoor insertions in key audience segments.

Call 1-855-826-4200 to discuss distribution opportunities.

Copyright 2018 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 Sonia.Bell@nexthome.ca. The views and data expressed by columnists do not necessarily represent those of the publication

JAN 5 - 19, 2018 11

EDITOR’S NOTE

2018 A NEW YEAR, A NEW HOME

SONIA BELL EDITOR NextHome EMAIL: Sonia.Bell@nexthome.ca TWITTER: @soniabellyp

+

PAGE 44: Vancouver has witnessed unbeatable growth over the years, and the city will continue to thrive in 2018. Here’s what lies ahead.

+ get social 12 NextHome.ca

Well, that’s a wrap – 2017 has come to a close, and it’s time to welcome 2018.

A lot has changed over the past year – interest rates increased twice, Canada got its first National Housing Strategy and the new mortgage stress test took effect on Jan. 1. As the real estate landscape continues to evolve, one thing persists: While the Vancouver housing market remains one of the hardest to enter, residents are eager to break through.

Despite high price tags and new policies, the appetite for homeownership has not subsided. Most Canadians aspire to own a home, according to a recent survey from ReMax. More than half (51 per cent) of BC residents are considering purchasing a home in the next five years, 27 per cent of whom would be first-time buyers.

Consumer confidence is alive and well in Vancouver.

And while some might sit on the sidelines in hopes of a downward turn in prices, according to the latest figures from The Conference Board of Canada, Vancouver will continue to thrive in the year ahead. GDP, job creation and population are increasing, interest rates (though rising) remain low and demand for housing is at an all-time high.

Of course, there are hurdles to homeownership, especially when shopping in the country’s most expensive market. But, if you do your research, assess your finances, shop within your budget and stay abreast of the latest home and condo opportunities, you’ll be one step closer.

Interact with us on social media: nexthome

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A Whole New Meaning To “Centrally Located”.

When you live this close to major supermarkets, it doesn’t matter how late you leave it, anything you need for the perfect meal is close at hand.

The ONLY transit-oriented, waterfront, master-planned community in Metro Vancouver.

FOODY WORLD CITY CENTRE COMMUNITY CENTRE SEA WALK

COSTCO

FUTURE SKYTRAIN STATION

OSAKA SUPERMARKET

DEVELOPER

SALES & MARKETING

PRESENTATION CENTRE 3399 Corvette Way, Richmond Sat to Thurs: Noon - 5pm (Closed Fridays) Call: 604.285.9983 / www.viewstar.ca

!

HOT PROPERTIES Low

99

l Rd

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VANCOUVER - DOWNTOWN VANCOUVER McGill St

Rupert St

Renfrew St

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River Rd

NEW CONDOS

1. VIRTUOSO 11b - 6033 Gray Ave 604-221-8878

2. MONOGRAM Victoria Drive at E Georgia St Liveatmonogram.com

8. INTRACORP TOWNHOME COLLECTION, 7302-7358 Granville 604-891-1288 intracorp.ca/townhomes/c/ granville59th/

9. MIRABEL

2106 Main Street elenoreonfifth.com

1345 Davie St. 604-273-1313 mirabelbymarcon.com

4. BRAVO

10. RESIDE

3. ELENORE ON FIFTH

13. PARK GRAND Granville Street & Park Drive 778-999-2552

14. ASTER 604-915-6898 778-999-2552 asterliving.ca

15. CAMBRIDGE MEWS 59th and Granville 604-808-3058

903 East Broadway 604-366-9505

450-470 63rd Ave. (between Cambie and Yukon). residebymarcon.ca

16. 8888 OSLER

5. THE RESIDENCES AT NOBEL PARK

11. 2ND & MAIN

17. WESTBURY

6080 Gray Ave. 604-221-4450

2nd and main St. secondandmain.ca

6. CURRENTS AT WATER’S EDGE

12. BASALT

3202 Riverwalk Ave. 604-451-8518

7. THE PACIFIC Pacific & Hornby grosvenorpacific.com

14 NextHome.ca | Vancouver / Downtown Vancouver

35th Avenue and Cambie Street 604-558-1907

Boundary Rd

Rupert St

Nanaimo St

Main St

Cambie St

Oak St

Arbutus St

Granville St

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Clark Dr

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NEW HOMES

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ENGLISH BAY

8888 Osler Street www.8888osler.com

Alamein Ave. & Macdonald St. 604-620-8295

n

R AR E. TIM ELESS . EXQ U I SITE. Eight meticulously crafted 3-bedroom & 3-bedroom + den townhomes in one of Vancouver’s most exclusive neighbourhoods.

d

Register at

WESTB U RYLIVI N G .COM

604.620. 8295

N OW SELLI N G

THIS IS NOT AN OFFERING FOR SALE. ILLUSTRATIONS ARE FOR MARKETING PURPOSES ONLY AND MAY DIFFER FROM FINISHED PRODUCT. THE DEVELOPER RESERVES THE RIGHT TO CHANGE OR MODIFY THE OFFER WITHOUT PRIOR NOTICE. FEATURES, SPECIFICATIONS,

FLOORPLANS

AND

IMAGES

ARE

APPROXIMATE

ONLY.

ALL

AMENITIES ARE PLANNED AND ARE SUBJECT TO CHANGE WITHOUT NOTICE. E&OE.

W 16T H AV E

T R A FA L G A R S T

P R E S E N TAT I O N CENTRE

M ACDON A LD S T

DUNBAR ST

W 4 0 T H AV E

W 41T H AV E

A L A M E I N AV E

P R E S E N TAT I O N C E N T R E : 5 6 59 D U N B A R S T

H O M E S L O C AT E D AT: 4 0 6 6 M AC D O N A L D S T

COVER STORY

WESTBURY REDEFINING THE ART OF LIVING Fresh, sophisticated and unique, something exciting is coming to Vancouver’s highly sought-after Arbutus Ridge neighbourhood.

Introducing Westbury, an exquisite collection of just eight townhomes with finishings that will leave you breathless and a location that will make you wonder why anyone would want to live anywhere else.

“There hasn’t been any multifamily development in this part of the Westside for about four years, and there’s none anticipated for 16 NextHome.ca | Vancouver / Downtown Vancouver

another four or five, so this is an extremely rare – and very exciting – opportunity,” says Carmen Tsang, vice president of sales and marketing.

CUSTOM HOME PHILOSOPHY

“This neighbourhood has some of Vancouver’s best schools, lowest density and the most beautiful streets,” Tsang continues. “So it was important to create homes that include thoughtful attention to the smallest detail – things that you would expect from a custom home design.”

+

LOCATION Westside Vancouver BUILDER Gryphon Developments HOME TYPE Townhomes CONTACT gryphonliving.com/westbury 604.620.8295

CLEARLY WESTBURY DELIVERS

Foyers set an immediate tone of grand arrival with 12-ft. ceilings, art niches encased in stone, alcove lighting in the coffered ceiling and wood veneer pivot doors. The ambiance is exclusive, luxurious, and welcoming.

Kitchens are more than a culinary centre, they’re a chef’s dream come true with Gaggenau

appliances, wine storage, pullout pantries, three-inch Silestone Quartz countertop with waterfall edge, and alcove ceiling lighting for that extra touch of opulence.

Then there’s the myriad small details you might not notice at first glance – soft-close drawers, hydraulic lifts for upper cabinets, and even retractable electrical outlets beside the range so they’re ready when you need them but protected from everyday cooking spatter and dust.

Even the property’s exterior is one of a kind. A central, mewsstyle courtyard is destined to become a favourite spot to pause and enjoy the lush landscaping or perhaps chat with neighbours.

It also provides discrete elevator access to the underground parkade – meaning it’s easy to bring in groceries or sporting gear.

“Plus, we’ve commissioned a local artist to create a mosaic sculpture that owners and guests will be able to enjoy every day,” Tsang adds. “People simply don’t expect this custom home philosophy in a townhome. When they see it, they’re astonished. But we believe it’s simply showing respect and honour for this exclusive neighbourhood and our buyers.”

EXPERIENCE IT FOR YOURSELF

The Westbury presentation centre opens soon at 5659 Dunbar St. And like these homes, it’s going to be something amazing and different. “Showings are by private appointment only, and we ask people to allow at least an hour and a half so they can fully experience this rare offering,” Tsang says.

Prices start at $2,628,900. For more information and to book your private appointment to get to know Westbury for yourself, call 604.620.8295 or register at gryphonliving.com/westbury JAN 5 - 19, 2018 17

WHAT’S ONLINE

TRENDING NOW THE LATEST REAL ESTATE NEWS FROM ACROSS CANADA

TOP 17 NEWS STORIES OF 2017

SAVING FOR A DOWN PAYMENT: WHAT YOU NEED TO SACRIFICE

nexthome.ca/2017-stories

nexthome.ca/down-payment-sacrifice

HOW TO CUT THE COSTS OF CARRYING A MORTGAGE

PRODUCTS TO STRETCH YOUR SMALL SPACE

nexthome.ca/costs-mortgage

nexthome.ca/products-space

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ADVICE | CONDO SENSE

PRE-SALE HOMES BUDGET FOR THE NEW YEAR

CAMERON MCNEILL

If you’re considering purchasing a new condo this year, it is important to know the following costs associated with a pre-sale home.

NEW STRESS TEST

The new rules by the Office of the Superintendent of Financial Institutions (OSFI) states that borrowers making a down payment of more than 20 per cent of the home’s value will undergo a stress test. Buyers with uninsured mortgages will need to prove that they can afford payments based on the greater of the Bank of Canada’s five-year benchmark rate or their contract mortgage rate plus two percentage points.

This could reduce your purchasing power significantly, so speak with a financial advisor beforehand.

THE DOWN PAYMENT

Most pre-sale homes require a total deposit of 20 per cent of the purchase price, paid out in stages.

The down payment is the part of the home price that does not come from the mortgage loan but from your own money and is paid when you sign your purchase contract. Most often, your deposit will become part or all of the down payment, but you can adjust your down payment with your financial lender when you close.

LEGAL FEES

There will be legal fees and related costs at closing. The minimum cost is $800 (plus GST).

20 NextHome.ca | Vancouver / Downtown Vancouver

When buying pre-sale condos, homebuyer education should include real estate transaction costs. Photo: Vantage in Squamish.

INSURANCE

• Property insurance: The mortgage lender requires you to have property insurance because your home is security for the mortgage. Property insurance covers the cost of replacing your home and its contents in case of loss.

• Title insurance: Your lender, lawyer or notary may suggest that you get title insurance. This will cover loss caused by defects of title to the property.

• Loan insurance: If your down payment is less than 20 per cent, you have a high-ratio mortgage and require mortgage loan insurance. Mortgage loan insurance covers a borrower’s default on their high-ratio mortgage.

TAXES

GST and Property Transfer Tax (PPT) are payable on newly constructed properties in BC. For example, if the strata is greater than $200,000 but less than $2 million, then the PPT is calculated as one per cent on the first $200,000 plus two percent on the remaining portion.

If you are a foreign entity or a taxable trustee purchasing a home in Greater Vancouver, you will pay a 15 per cent additional property transfer tax on your proportionate share of a residential property transfer.

FIRST-TIME BUYER OPTIONS

There are programs available from Canada Housing and Mortgage Corporate to help first-time buyers with mortgage loan insurance, and others such as the RRSP Home Buyer Plan, which allows you to withdraw up to $25,000 to help towards the payment of your home, tax free and you can pay back the amount within 15 years to avoid penalties.

Cameron McNeill is co-president of MLA Canada, a comprehensive real estate service provider. Partnering with residential developers, MLA Canada offers an unmatched level of expertise in advisory services, market intelligence, project marketing, sales, customer care and administration. Visit mlacanada.com

+MORE ADVICE ONLINE nexthome.ca/news/advice

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Vancouver homes all-concrete with Westside With three construction and some of Vancouver’s best shopping close by, address. a coveted homes withand Westside Vancouver With all-concrete some of Vancouver’s construction close by, best shopping RESIDE is sure to satisfy even the most discerning homeowner. is sure and the most discerning to satisfy even RESIDE shopping close by, of Vancouver’s some construction best homeowner. in the Park Winona SELLING NOW neighbourhood. is the to discerning sure even satisfy homeowner.

RESIDE most NOW SELLING in the Winona Park neighbourhood.

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NOW SELLING

RESIDE. ON THE WESTSIDE. Sales Centre: 688 SW Marine Drive Vancouver BC Sales Centre: 688 SW Marine Drive Vancouver BC Open daily Noon to 5pm except Fridays Open daily Noon to 5pm except Fridays residebymarcon.ca 604.325.8111 residebymarcon.ca 604.325.8111 Sales Centre: 688 SW Marine Drive Vancouver BC

Open daily Noon to 5pm except Fridays residebymarcon.ca 604.325.8111

Artists renderings are representations only. E.& O.E. Marcon W63 (GP) Ltd. Artists renderings are representations only. E.& O.E. Marcon W63 (GP) Ltd.

Artists renderings are representations only. E.& O.E. Marcon W63 (GP) Ltd.

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NEIGHBOURHOOD PROFILE

ARBUTUS RIDGE

by DIANE DUFLOT

Arbutus Ridge is bordered by 16th Avenue in the north, 41st Avenue in the south, Mackenzie Street in the west and East Boulevard in the east. This affluent neighbourhood has mature-tree-lined streets and unusually large lot sizes for Vancouver that are occupied by large homes.

LIFESTYLE

There’s a charming, old-world feeling in Arbutus that’s difficult to come by these days. It arises from the tight-knit sense of community and the little retail pockets that nest amidst the residential areas.

There are blocks lined with sweet shops, where business owners know their customers personally 22 NextHome.ca | Vancouver / Downtown Vancouver

and conversations about the wellbeing of each other’s children often occur over the course of a purchase.

IN THE AREA

This is a largely residential area, with mostly local, independentlyowned businesses in pockets of the neighbourhood. The area also features many parks as well as Dunbar and Kerrisdale’s community centres just past its boundaries. Trafalgar Elementary lies within the borders of Arbutus, and Carnarvon Elementary and Kitchener Elementary are just outside. Teenagers who live here attend Prince of Wales Secondary School.

DOLLARS AND SENSE

The kind of convenience that comes with living in Arbutus doesn’t come cheap. There are some great amenities here, but, for the most part, they are of the highbrow variety: you can get a superb espresso and pastry at Butter in Mackenzie Heights, for example, but you most certainly get what you pay for.

PLANES, TRAINS & AUTOMOBILES

Not only is Arbutus a hop, skip and a jump away from downtown, but it is also close to the major arteries that lead elsewhere in the lower mainland. On top of this, the area boasts excellent public transit.

HOT SPOTS

LA BUCA Fresh. Italian. Yum. That’s about all you need to know about this local favourite. Handmade pasta and a menu that changes with the season keep locals coming back.

Getting to and from Arbutus is a breeze, whether you’re driving or taking public transit.

REAL ESTATE

Although there are some townhomes here, and even some low- and highrise buildings, the vast majority of housing in Arbutus is singlefamily detached homes.

+

STREET CORNER

But a quaint, convenient location like this comes with a significant price tag.

To buy a twobedroom property:

GLORY JUICE CO. Glory Juice Co. has three locations now, but this was the first. Come and see what the buzz is about.

Great organic fresh-pressed juice, nut milks and cleanses that will put a spring in your step.

$879K — $2.3M *based on current listings

“There’s an old-world, mom-and-pop feeling that I love. I grew up here and I wish I could afford to live here now.”

– JEN, FLORIST “I have a family, so I like that this is a safe, close-knit neighbourhood. I feel like we look out for each other, as neighbours, so my kids are safe.”

– MARIUS, BROKER

“I take care of three kids here, and the family is very kind. There are so many nice families in the area that I like coming to work and taking the kids to the park.”

- TITA, NANNY

BIGSBY THE BAKEHOUSE Several neighbourhoods can fight over who this bakehouse belongs to. Whichever way you slice it, though, this place makes excellent bread and so much more.

+DID YOU KNOW?

People populated this area because of the Vancouver-Steveston Interurban route of the British Columbia Electric Railway (or Lulu Island Railway), which ran between 1905 and 1958.

JAN 5 - 19, 2018 23

64 Ave

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184 St 58 Av e

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NEW CONDOS

1. BEACHBOROUGH

7. SOHO

13. EDGEWOOD GATE

14022 North Bluff Road beachborough.ca

Presentation Centre 2280 - 163 St. 604-560-0272

166th St. & 21 Ave. foxridgehomesbc.com

8. ORCHARD GROVE

168th Street & 18th Avenue foxridgehomesbc.com

2. FANTOM 14825 Thrift Ave. 604-538-8028

3. SEMIAH

26th Ave. & 168th St. orchardgrovecollection.com

0 Ave

14. PACIFIC HEIGHTS

9. VIRIDIAN

15. PLATEAU AT GRANDVIEW HEIGHTS

36180 150 Street viridianhomes.ca

164th Street & 25th Avenue foxridgehomesbc.com

Sales Centre 29A & 152nd St 604-560-3238

10. SWITCH

16. BERKELEY VILLAGE

24th Ave & 164th 604-581-8080

20th Ave & 164th Street Berkeleyvillage.ca

5. HYCROFT 2

11. HARVEST AT BOSE FARMS

17. OLIVIA

16467 - 24th Ave. 604-541-2495

16488 64Ave 604-576-7722

15717 Mountain View Drive 604-536-9333

6. GRANDVIEW AT SOUTHRIDGE CLUB

12. SOUTHSIDE

Thrift Ave. & Johnston Rd. semiahbymarcon.ca

4. SOUTH POINT WALK

15828 Mountainview Dr 604-582-1113

24 NextHome.ca | South Surrey / White Rock

16488 22nd Ave 604-372-3683

200 St

Thrift Ave 2 Buena Vista Ave Pac ific Ave

8 Ave

NEW HOMES

28 Ave

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SOUTH SURREY - WHITE ROCK

68 A

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HOT PROPERTIES

0 Ave

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216 St

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48 Ave Cres cent

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4 Ave

Natural Luxury PRICED FROM THE LOW $900’S 57 Executive Townhomes

new river front

homes released Prices are subject to change and are exclusive of taxes. Sales and marketing by Barbican Property Management Inc. E.&O.E.

3618 150TH STREET, SOUTH SURREY VIRIDIANHOMES.CA | 604.541.0707

HOT PROPERTIES

FIND YOUR NEXT HOME This page features a few of the latest properties to keep your eye on in the Metro Vancouver area.

PREVIEWS & REGISTRATIONS WESTBURY Home type: Townhomes Developer: Gryphon Developments On the map: Westside Vancouver Web: gryphonliving.com/westbury Info: Located in the heart of Vancouver’s prestigious West Side, Westbury offers the opportunity to live in one of the city’s finest neighbourhoods. Westbury is surrounded by quiet, tree-lined streets and located near many local shops and restaurants. Register now.

WESTBURY

BORDEAUX

THE WINDSOR

THE TOWNE

Home type: Condominiums Developer: Solterra Group of Companies On the map: Brentwood, Burnaby Web: bordeauxliving.ca Info: Located in the emerging Brentwood community, Bordeaux will be located next to shopping, dining and recreational amenities. Bordeaux offers striking modern architecture, sleek interior design and exquisite finishes. Coming spring 2018. Register now.

Home type: Condominiums Developer: Imani Development On the map: Vancouver Web: thewindsorliving.com Info: The Windsor is a new 12-storey mixed-use development coming to Norquay Village in the heart of Vancouver.

Located on one of the highest points in the city, The Windsor is designed to take advantage of the stunning views of the downtown skyline, North Shore Mountains and beyond.

Home type: Townhomes Developer: Essence Properties On the map: Surrey Web: thetowneliving.com Info: The Towne is designed for families with a modern, active schedule. Each home features spacious interiors, quality finishes, side-by-side garages and indoor and outdoor natural gas features. Register now to be among just 27 families to own one of these stylish homes.

3535 PRINCETON Home type: Townhomes Developer: Nordel Developments On the map: Coquitlam Web: fifthave.ca/listings/3535princeton Info: 3535 Princeton offers three-, fourand five-bedroom townhomes with rooftop patios. Register now for the opportunity to live in the prestigious Burke Mountain neighbourhood.

+

MARQUISE

8888 OSLER

Home type: Condominiums Developer: Blairmore Development On the map: Vancouver Web: marquiseliving.com Info: Register now for Marquise, a six-storey building offering a collection of 58 flawless residences designed with precision.

Home type: Condominiums Developer: Tria Homes On the map: Marpole Web: 8888osler.com Info: 8888 Osler is coming soon to Marpole, consisting of 76 homes.

Register now to experience the new generation of the westside.

BUILDERS IF YOU WOULD LIKE TO INCLUDE YOUR PREVIEW REGISTRATION, NEW RELEASE OR SITE OPENING IN THIS FEATURE, JUST EMAIL THE DETAILS TO SONIA.BELL@NEXTHOME.CA

NOW SELLING!

GET CONNECTED IN SOUTH SURREY

PHASE 2 NOW SELLING

35 TOWNHOMES Be one of the first to experience these Modern Farmhouse inspired homes, equipped with automation technology.

Open daily 12 – 5pm (closed Fridays) 3 Bed & 3 Bed w/flex Priced from the low $600's

TURNONLIFE.CA 604.581 .8080 Sutton West Coast Realty

only, exclusive of taxes and are subject to change without prior notice. E. & O.E.

HUNTER PARK

INSPIRATION | STYLE FILE

comfiest corner

TIPS FOR CREATING THE

IN YOUR HOME

by JO ALCORN

The temperatures have dropped and the time change has made our days shorter – we are entering the (dreaded) winter season! If you’re like me, you want (need!) a cosy place to curl up, stay warm and survive the cold months.

If you want to create a spot to enjoy winter from the indoors, a place to pass the hours in comfort, a nook to go to when you need to forget what’s outside, I’ve got tips to help you create such a place. A place you’ll look forward to hibernating in!

I simply love fireplaces. I could sit and watch the flames dance all night long – there is such a calming effect to having a fireplace nearby, and all the better when you get added warmth from it. While not every space can accommodate installing a fireplace, every space can accommodate an electric unit.

It’s hard to believe the fireplaces I use are so portable and give so much flexibility. They look so real, give off heat and add ambiance to any room. I used a compact stove in one nook and created a traditional mantel in another area. These, from Dimplex, were ready to go just by plugging them in. When it’s that simple, you can move them to another area for some cosiness (not that you’ll ever want to move it out of your cuddle-up corner!). Just look at how these nooks came together, instantly creating a place you want to be.

While a fireplace screams relief from a cold winter’s day or night, you can still create a warm and relaxing

28 NextHome.ca | Surrey / Langley / Abbotsford / Mission

A fireplace screams relief from a cold winter’s day

You and your furry friend can lounge in style

Add faux plants

space without one. The cosy factor comes from having what you need surrounding you.

Furniture is minimal. You’ll want a comfy place to sit – a big chair, a chaise or something bigger. Are you going to be enjoying this nook on your own or with the family?

Choose seating accordingly, and add in a pouf or ottoman to ensure you can put your feet up and relax.

A side table is also mandatory.

You need to feel snuggly, warm and relaxed, which means having a warm cup of tea or a soothing glass of vino nearby!

The accessories you choose are just as important. Faux fur throws and pillows give your space the cuddle factor and can incorporate an outdoor/nature feel. Touchable, cosy fabrics are important.

You don’t want to overdo it. If you’re looking for a cosy nook, sometimes less is more. You don’t want to crowd the space, but you can still incorporate some art. Pick what you love, from family photos to inspirational messages.

Something that is often overlooked, but I always suggest including, is faux plants.

In the winter months we are all deprived of greenery but these zero-maintenance accessories bring the feeling of nature inside.

I found some at Bouclair, along with a number of accessories that caught my eye.

When you are creating your own cosy space, why not match your pup’s cuddle zone to yours? I have a new line of dog beds that match my throw pillows perfectly. Now both you and your fur-friend can lounge in style on the darkest and dreariest of night.

Jo Alcorn is a design specialist and designer on HGTV’s Home to Win, out this spring. She has her own furniture collection, signature pillow and dog bed line and is known for her savvy design concepts. Visit Jo at whitewashco.ca JAN 5 - 19, 2018 29

HOT PROPERTIES CAPILANO LAKE

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30 NextHome.ca | North Shore / Squamish

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1133 Ridgewood Drive edgemontwalk.ca

604-537-1985 crestonnorth.com

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1502 Marine Drive 604-925-9331

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725 Marine Drive marineandfell.com

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2517 Mountain Hwy. 604-988-3617

Raven Wood Drive 604-924-0818

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604-922-1380 W 4th Ave grosvenorambleside.com

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1. GROSVENOR AMBLESIDE

3230 Connaught Crecent Venables St Connaughtliving.com

SQUAMISH Rupert St

E Hastings St

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Mamquam Rd

Trinity St 1

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ADVICE | GVHBA REPORT

HIGHRISES EXPERIENCE THE URBAN LIFESTYLE

BOB DE WIT

Vertical living is one of the solutions to the challenges of an ever-growing urban population.

No longer just your entry-level home type, condos appeal to a variety of generations, from firsttime homebuyers to downsizers.

To meet the increased demand for an urban lifestyle, developers are building multi-family highrises.

Using the Ovation Award-winning Block 100, built by Onni Group of Companies, with Chris Dikeakos Architects Inc., we will explore why vertical living is synonymous with the urban lifestyle and why it might be perfect for you.

LOOK OUT YOUR WINDOW

Whether it’s the fifth or fifteenth floor, it is simply breathtaking to step out onto your balcony and take in the cityscape.

Skyscrapers are remarkable feats of engineering, a homage to humankind’s progress, and offer a collection of architectural styles to admire.

EXPERIENCE A WIDE VARIETY OF CULTURES

Urban centres are diverse, offering a wide array of food, people and things to do. No two people in an urban development are the same. It’s likely that each of your neighbours have a unique backstory. The world is at your doorstep!

SEEK BETTER JOB OPPORTUNITIES

Employers want to be where their workforce is. Major corporations are drawn to urban centres, attracting employees interested in a shorter commute time and the endless amenities.

GET MOBILE WITH PUBLIC TRANSPORTATION

In Onni’s Block 100, the Main Street SkyTrain station is a threeminute walk away and will connect you to every corner of the Lower Mainland via the many lines of the SkyTrain network. You truly don’t need to own a car – that alone saves you money every year. Urban developments include amenities, usually within walking distance. You can experience the ease of living in a neighbourhood that caters to any and all of your lifestyle needs. Block 100 includes London Drugs, Urban Fare, Terra Breads, Tap and Barrel, all cornerstones of the neighbourhood and your very own wellness centre to stay active.

PERFECT FOR THE SOCIALITE

Cities are bustling with energy.

You are surrounded by people going places and trying new things. From live theater to museums to dance clubs and everything in between, cities are fun. They’re also populated with good eats. Within a few blocks of your highrise, you will find Mexican, Thai or Italian food to name a few.

The Ovation Awards are dedicated to acknowledging quality and excellence in our industry. For more information on Onni Group of Companies or to explore more awardwinning homes, please visit ovationawards.ca.

Bob De Wit is CEO of the Greater Vancouver Home Builders’ Association. Visit gvhba.org

+MORE ADVICE ONLINE nexthome.ca/news/advice

JAN 5 - 19, 2018 31

PROPERTY PROFILE

+ LOCATION North Vancouver BUILDER Qualex HOME TYPE Townhomes

SALES CENTRE 50 Queensbury Ave. CONTACT qualex.ca/green 604.990.8800

STYLISH BY DESIGN

GREEN ON QUEENSBURY INNOVATIVE LIVING FOR MODERN HOMEOWNERS It’s a blend of visionary style and traditional values, a place where people are friendly and nature is at your doorstep. Say hello to Green on Queensbury – a collection of elegant homes located in North Vancouver’s up-and-coming Moodyville neighbourhood.

“People love Moodyville’s sense of community and the fact it’s a well established, residential neighbourhood that’s already filled with mature trees and green spaces,” says Yvonne Drinovz, 32 NextHome.ca | North Shore / Squamish

sales manager. “Many of our buyers already live on the North Shore, so they’re delighted by the opportunity to own a brand new townhome in the neighbourhood they already know and love.

Even better, Green is situated adjacent to the City-owned Moodyville Park, which is currently undergoing a total revitalization.

“Most of our remaining homes back directly onto the park – it’s like having all that greenery as your backyard.”

Inside, Green boasts elegant finishings and intelligent, openconcept design. “These homes are designed to satisfy the most discerning buyer,” Drinovz says.

“Details like nine-ft. ceilings on all levels, pullout pantries, wine storage, and a state-of-the-art Briza Jaga heating/cooling system are all features you don’t typically see in a townhome – at Green, they’re standard.”

Yet another unique feature of these townhomes is having your own, private garage within the underground parkade. “Not only is it extremely secure, but you can walk directly from your car into your home’s main living level – so convenient especially when you’re juggling groceries, sports gear, and kids,” Drinovz adds. Small wonder that over 90 per cent of these homes sold within months.

The Green on Queensbury presentation centre and display home are open from noon to 5 p.m. daily except Fridays at 50 Queensbury Ave. (at East 3rd Street) in North Vancouver.

For more information visit qualex.ca/green or call 604.990.8800. Better hurry though, because only a few select homes remain, and once they’re gone, they’re gone for good.

A L A N D M A R K CO M M U N I T Y O N T H E PA R K · N OW S E L L I N G

Rendering is artist illustration only.

Discover one of the North Shore’s hidden treasures.

O u t s t a n d i n g 2 & 3 B e d r o o m C o n d o s a n d Tow n h o m e s Ava i l a b l e Nest led a mong t he t rees and h i l lside of h istor ic Moody v i l le Park, Green on Queensbur y resident s w i l l have d irect access to t h is legac y locat ion and it's newly desig ned g reen gat her ing spaces, play areas, preser ved park pat hways, bi ke pat hs and l in k age bet ween t he Nor t h Shore Spir it Tra i l.

QUEENSBURY AVE

MOODY AVE

DISCOVERY CENTRE NOW SELLING DISCOVERY CENTRE NOW OPEN 3RD ST EAST

MOODYVILLE PARK

50 Queensbury Ave, North Vancouver (at East 3rd St & Queensbury Ave) Open Daily from Noon - 5 PM (closed Fridays) Contact Us Today I green@qualex.ca I 604 990 8800

Q UA L E X .C A /G R E E N

Render i ng i s ar t i st 's i nt er pr et at io n o n ly. T h is is n o t a n o ffe rin g fo r s a le . Any s u c h o ffe r c a n o n ly b e made by way of disclosure statement. E.&O.E. ™ denotes one or more trademarks of Qual ex -L andmar k M anagemen t In c . u s e d u n d e r lic e n s e by Q u a lex- La n d ma rk N o rth e rn Limite d Pa rtnership.

INDUSTRY INSIGHTS

2018 IS HERE INDUSTRY INSIDERS LOOK AHEAD TO THE NEW YEAR

by SUSAN M BOYCE

Last year was busy for developers and marketers throughout Metro Vancouver, and a lot is in store for 2018. Sales continue to be robust, and many projects are launching with priority registration lists that far outpace the number of units available.

Faced with increasingly sophisticated and knowledgeable homebuyers, the industry is responding with a more diverse range of products designed to satisfy the demand for contemporary homes that not only look great, but live well. Here, four industry insiders share their predictions about the coming year.

TOP LEFT: Park Boulevard by Concord Pacific is located adjacent to the King George SkyTrain Station.

BOTTOM LEFT: Virtuoso by Adera brings sustainable, elegant cross laminate timber construction to UBC. MIDDLE: Foster Martin in White Rock provides luxurious living with ocean views.

BOTTOM RIGHT: The Smithe by Boffo combines luxury and larger floorplans in downtown Vancouver.

KAREN WEST, sales and marketing director with Boffo Developments

Q: What gets you excited looking forward into 2018?

A: The demand for housing in Metro Vancouver isn’t going to stop, but I believe we’ll see a more stable market in 2018. I’m also cautiously optimistic that municipal governments will see this ongoing demand as an opportunity to streamline the project approval process – something the entire industry has been talking about for a long time.

Q: Boffo has always been a leader in the trend of building larger condominium homes. Will this trend for more spacious suites continue through next year?

A: Yes. I see demand for family-sized homes continuing – especially with the “locals first” approach that some municipal governments are taking. Whether you’re upsizing to start a family or downsizing from a single-family home, if you choose higherdensity living, you still want enough space to live comfortably.

34 NextHome.ca | North Shore / Squamish

SCOTT BROWN, president and CEO of Fifth Avenue Real Estate Marketing

Q: What gets you excited looking forward into 2018?

A: Continued migration to take advantage of ongoing growth in the Fraser Valley. This trend has caught the attention of Vancouver realtors, meaning that in some projects in suburban markets such as Surrey Centre and Langley, 30 to 40 per cent of the buyers are from out of town.

Q: Presales have been making headlines. What’s in store for next year?

A: I predict presales will remain strong across all products, but especially in townhomes. Not so long ago it was the norm to have a three- to four-month completion for townhomes. Now they’re in such high demand it’s more often taking 12 to 18 months. Larger units may take a little longer to sell, but there’s no problem with absorption.

ERIC ANDREASEN, Adera’s vice-president of marketing and sales

Q: What gets you excited looking forward into 2018?

A: The market has, literally, been without inventory for a number of years – and when there’s no supply, it’s inevitable that prices go. A lot of developers have new products coming to market in 2018, so buyers should have some breathing room, which will help reduce their anxiety.

Q: Adera has won many awards for their commitment to building greener, more sustainable multi-family developments. What new trends will we see in 2018?

A: I think technology allowing people to automate systems that increase energy efficiency is going to become even more important. For example, having lights that turn off automatically can add up to a lot of savings, especially when you combine them with features such as LED lighting. And I believe using techniques such as cross laminate timber (CLT) construction will bring renewed focus on the sustainability of wood products. CLT is in its infancy now, so it’s definitely something to watch.

GRANT MURRAY, senior vice-president of sales at Concord Pacific

Q: What gets you excited looking forward into 2018?

A: The rapid escalation in prices may slow – which would be good for buyers – but I see the market continuing robust in 2018. People tend to take an average price increase over the past two years, but if you look at the average increase over the past 10 years, it’s only approximately five per cent per year. The condo market especially has plenty of room to go farther. I’m also looking forward to our new project in Metrotown on the site of the old Sears building, where we’re hoping to build Metro Vancouver’s tallest highrise – more than 65 storeys.

Q: Concord is one of Canada’s largest builders of master-planned communities.

What’s the future for this style of development?

A: We will continue to focus on large master-planned communities because the economy of scale they create provides many opportunities to add amenities that wouldn’t be there if you’re building a single tower. Things like schools, parks, daycare, restaurants and seawalls all increase the value of what homebuyers own and enhance the neighbourhood in general.

JAN 5 - 19, 2018 35

HOT PROPERTIES

228 St

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9. THE LINKS

1. HARVEST AT BOSE FARMS

7979 152nd Street thelinksatguildford.com

16488 64 Ave. 604-576-7722

LANGLEY

27735 Roundhouse Drive gramercy.ca/roundhouse

2. CLAYTON WALK

10. LATTICE SQUARE

14. BRISTOL HEIGHTS

Fleetwood 18505 Laurensen Place 604-372-3306

208 Street & 72nd Avenue 604-427-3407

Westridge Place 604-871-4241

11. GABRIOLA PARK

MISSION

58th Ave. & Cloverdale Bypass mosaichomes.com

20298 82nd Ave gabriolapark.com

12. TOWNSHIP COMMONS 4. CRIMSON CLOVERDALE VILLAGE

65th & 204th Ave townshipcommons.com

176th & 56th Ave 778-547-2122

5. KING GEORGE HUB King George Blvd. & Fraser Hwy. kinggeorgehub.com

6. HILLCREST SULLIVAN RIDGE 146th & 61 Ave 778-565-7768

7. THOMAS 8425 Venture Way liveatthomas.com

8. FLEETWOOD RISE 103-16433 Watson Dr. 604-372-2122

36 NextHome.ca | Surrey / Langley / Abbotsford / Mission

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15. 58 ON CHERRY HILL 33209 Cherry Avenue 604-768-9572

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Proud to be a 2018 Georgie Awards Finalist in 6 categories including the Grand Georgie for Multi Family Home Builder of the Year.

START THE NEW YEAR IN A NEW HOME

LAST PHASE NOW SELLING Sumas M

ou n

tai

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TRENDING

NATIONAL HOUSING STRATEGY BEGINS TO ADDRESS HOUSING NEED IN CANADA

by WAYNE KARL

After more than a year of consultations with everyday Canadians, experts, stakeholders, think tanks and provinces and municipalities, the federal government recently unveiled Canada’s first ever National Housing Strategy.

Billed as the tool that will help reduce homelessness and improve the availability and quality of housing for Canadians in need, the 10-year, $40-billion plan aims to: • Reduce chronic homelessness

by 50 per cent • Remove more than 530,000 households from housing need • Create four times as many new housing units as built under federal programs from 2005 to 2015 • Repair three times as many existing housing units as repaired under federal programs from 2005 to 2015, and • Protect an additional 385,000 households from losing an affordable place to live.

38 NextHome.ca | Surrey / Langley / Abbotsford / Mission

“Everyone deserves a safe and affordable place to call home,” Prime Minister Justin Trudeau said in announcing the Strategy.

INVESTMENT UNDER THE PLAN INCLUDES:

• $15.9 billion for a new National Housing Co-Investment Fund • $8.6 billion for a new Canada Community Housing Initiative in partnership with provinces and territories, and $500 …continued on page 40

N OW

SE LL

IN G

A FRESH COLLECTION OF 1– 3 BEDROOM BOUTIQUE CONDOS Lattice² by Vesta Properties offers 1, 2 and 3 bedroom luxury condos ranging in size from 716 – 1,354 sq.ft.

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These boutique condos have been designed to maximize your views with spacious balconies, open floor plans and well designed interiors. You will also enjoy an impressive rooftop amenity space including a children’s play area, community gardens, picnic tables for alfresco dining and dazzling views of Milner Valley and Mount Baker. This six-storey building has been designed to offer an exceptional quality of life and lasting value. No detail has been overlooked.

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In our continuing effort to improve and maintain the high standards of the Milner Heights community, East Gordon Developments Ltd. (Vesta Properties) reserves the right to modify or change plans, specifications, features and prices without notice. Materials may be substituted with equivalent or better, at East Gordon Developments (Vesta Properties) 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. Renderings are an artist’s conception and are intended as a general reference only. This is currently not an offering for sale. E&O.E .

“

…continued from page 38

million through a new Federal Community Housing Initiative • $4 billion for a new Canada Housing Benefit launching in 2020 in partnership with provinces and territories, and • $2.2 billion to reduce homelessness “The National Housing Strategy will create a new generation of housing in Canada,” says Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation. “It will promote diverse communities and will build housing that is sustainable, accessible, mixedincome and mixed-use that will be located near transit, work and public services.”

Though details on some of the inclusions are still to come, the home building industry is generally positive about the Strategy.

“With regards to the Canada Housing Benefit, CHBA has long recommended such a measure to help low-income Canadians participate in the wider housing market,” says Kevin Lee, chief executive officer of CHBA. “The vast majority of Canadians in core housing need have an income problem, not a housing problem. This Benefit can provide them support and choice, rather than tying them to specific housing units.”

CHBA had also recommended the introduction of a “portable” housing benefit that would support low-income individuals directly, rather than subsidize buildings. Data released by Statistics Canada recently confirms that more than 836,000 households need income support based on their rent-to-income ratio. This means that more than three-quarters of households designated as in “housing need” live in adequate housing, but can’t afford it.

Everyone deserves a safe and affordable place to call home.

”

– Prime Minister Justin Trudeau

“

... the reality, versus the marketing, will be hidden in the legislation.

– Don Campbell

CHBA says it was also pleased to see the federal government commit to a new public engagement campaign to encourage inclusive communities. A national “NIMBY to YIMBY” campaign (Not-InMy-Back-Yard to Yes-In-MyBack-Yard) has also been a CHBA recommendation to support the development of complete mixeduse, mixed-income communities.

Inclusive communities can promote inclusiveness and greater housing affordability, as well as fairer treatment of newcomers to housing.

One area where the Strategy comes up short is the issues of housing supply and affordability.

“While the Strategy acknowledges the social value of home ownership, and the key role of market housing in meeting the housing needs of Canadians, it does not address issues of supply and affordability,” according to the Building Industry and Land Development Association (BILD).

These issues are top of mind with Canadians, especially younger families and those working hard to achieve a middle-class life.

BILD has maintained that a complete National Housing Strategy must address the full “housing continuum” – from

40 NextHome.ca | Surrey / Langley / Abbotsford / Mission

”

social housing and housing assistance measures, to market rental and ownership housing.

“Otherwise, deteriorating affordability will simply increase demand for social housing and other types of assistance.”

Real estate expert, author and educator Don Campbell says that while the Strategy sounds promising initially, the proof will be in future legislation.

“As with many of the recent provincial and federal government announcements, the reality, versus the marketing, will be hidden in the legislation,” he told NextHome.

“The ideas and policies, although based in problem solving, aren’t often implemented towards the stated goal. It is difficult to see how much more ‘affordable’ rent will become, even with the proposed $200 federal rental subsidy, if policies, like those (recently) legislated in Ontario and being discussed in BC, reduce supply right as demographic demand is increasing.

“We should all be prepared for a flurry of announcements and headlines over the coming months as more details are brought to the forefront,” Campbell adds. “But, once again, the true story will come out in the piece of legislation.”

AR

RIV

ING

2 01 8

TRENDING

HOUSING STARTS GAIN IN NOVEMBER Driven by demand from the multi-unit segment of the market, Canadian housing starts trended upward in November with 226,270 units compared to 216,642 units in October, according to Canada Mortgage and Housing Corp. (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

“The trend in housing starts reached its highest level in almost 10 years this November, reflecting a second consecutive increase in multiple starts,” says Bob Dugan, CMHC’s chief economist. “This largely reflects construction of multiple units in Toronto, where evidence of overbuilding is low due to the decreasing inventory of completed and unabsorbed multiple units and strong demand.”

SAAR monthly starts in the Vancouver CMA were lower in November mostly due to a pullback in apartment starts as the construction sector remains

Estimated annual space heating costs Lower Mainland*

2,000 1,500

$1,695

1,000

$445 Natural gas

Natural gas. Good for smaller bills.

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Heating your home is one of your biggest energy costs. But with highefficiency natural gas heating, you’ll see standout savings and stay cosy and warm.

500 $0

at full capacity. Fewer multi-family condo and rental projects are getting underway in Vancouver, Richmond and on the North Shore, with a total of 2,638 starts (including single-family dwellings) in November 2017 compared to 2,651 starts last year at the same time. In Victoria, total housing starts were down 17 per cent to 223 starts in November from 268 last year at the same time. Meanwhile, Burnaby and New Westminster have observed higher multi-family starts so far in 2017, relative to the same period last year.

The standalone monthly SAAR of housing starts for all areas in Canada was 252,184 units in November, up from 222,695 units in October. The SAAR of urban starts increased by 14.4 per cent to 235,412 units; multiple urban starts increased by 16.9 per cent to 175,016 units; and single-detached urban starts increased by 7.5 per cent, to 60,396 units.

Electricity

*Annual heating costs are based on 2,300 square foot Lower Mainland home at current rates (FortisBC natural gas rates as of January 2017, BC Hydro electricity rates as of April 2017). Savings may vary.

That’s energy at work. fortisbc.com/homebuying

FortisBC uses the FortisBC name and logo under license from Fortis Inc. (17-331 12/2017) 42

17-331_Next_Home_Magazine_Ad_6x4.75.indd 1

12/13/2017 3:12:39 PM

E TUR FEA ORY ST

WHAT LIES AHEAD IN 2018?

VANCOUVER ECONOMY SLOWING, BUT STEADY

by SONIA BELL

Vancouver has witnessed unbeatable growth over the years. A booming economy, real estate market and soughtafter location have combined to make Vancouver a world-class city. It has also become one of the priciest housing markets in North America. While the city will continue to thrive, some things are expected to take a slight turn in 2018.

THE ECONOMY: THE START OF THE SLOWDOWN

British Columbia is expected to reign as the fastest-growing provincial economy in 2018, expanding 2.7 per cent, though down slightly from 3.2 per cent forecast for 2017. The slowdown is attributed to several factors, most notably the cooling housing market.

In Vancouver, specifically, the economy will ease in 2018. Real GDP is 44 NextHome.ca | Surrey / Langley / Abbotsford / Mission

projected to grow a modest 2.5 per cent in 2018, increasing at a slower pace compared to the 4.1-per-cent surge in 2016 and 3.2 per cent in 2017, according to The Conference Board of Canada, in its Metropolitan Outlook – Autumn 2017.

UNEMPLOYMENT CONTINUES TO DROP

While employment will experience slower gains in 2018, unemployment is still expected to drop to 5.1 per cent in 2017, a nine-year low, and again to five per cent in 2018.

While unemployment remains low in Greater Vancouver, it’s important to note the disparity

between income and housing affordability. According to the Real Estate Investment Network (REIN), the median income in Vancouver increased 16.8 per cent to $65,327 between 2005 and 2015, well below the provincial and national median incomes. This is coupled with the highest home prices in the country, resulting in a growing affordability problem.

HOUSING: HIGH DEMAND, LOW SUPPLY AND RISING PRICES

Vancouver forecast summary 2016

2017 (F)

2018 (F)

2019 (F)

Single-detached

5,169

4,800

4,795

4,700

Multiples

22,745

20,575

18,730

16,860

Total

27,914

25,225

23,125

21,340

Sales

40,880

37,190

34,425

34,095

Average price

1.02M

1.05M

1.10M

1.14M

New Home Market

Housing starts

Resale Market INCREASED DEMAND

A decent economy, along with the city’s natural beauty, will continue to attract newcomers to the area.

In-migration is expected to exceed

Source: CMHC JAN 5 - 19, 2018  45

Source: Real Estate Board of Greater Vancouver’s (REBGV)

30,000 people in 2017 and 2018.

This is the highest since 2010 and will boost the city’s population by 1.7 per cent in 2017 and another 1.4 per cent in 2018, according to The Conference Board.

Low mortgage rates (though rising), steady population growth along with the aging Millennial generation entering their homebuying years, and ongoing job creation have all led to increased demand, which will continue to outpace supply in 2018.

High prices for detached housing have steered homebuyers toward attached properties. A recent release by ReMax stated, “This year saw the single-family detached home and condo markets diverge on distinctly different paths in Canada’s two highest-priced real estate markets, Greater Vancouver and the Greater Toronto Area. The trend is expected to continue into 2018 as a mix of relative affordability for condo units and price appreciation for detached homes in recent years, combined with government

policy changes in both markets, has helped push an influx of buyers toward condo ownership.”

in 2018. However, due to high demand, most have already been pre-sold.

LOW SUPPLY

INCREASED PRICES

Metro Vancouver is experiencing above-average demand, while witnessing below-average supply.

“We’re seeing steady demand in today’s market,” says Jill Oudil, REBGV president. “Homebuyer activity is operating above our long-term averages, particularly in our townhome and condominium markets... While we’re seeing more listings enter the market today than we saw at this time last year, we have a long way to go before our home listing inventory rises back to more historically typical levels.”

Royal LePage projects that prices in Greater Vancouver will increase by 5.2 per cent in 2018, rising to an aggregate price of $1.35 million With single-detached homes being out of reach for most Vancouverites and the increasing absence of foreign buyers, inventory levels will rise for this market segment, according to The Conference Board, causing prices to moderate.

The growing affordability issues and increased demand for attached properties raises the question: Will detached properties meet the same fate as their detached-housing counterpart, and fall out of reach for most homebuyers? Keith Stewart, senior market analyst at CMHC, doesn’t think so, telling NextHome: “Attached properties lead single-family, both in terms of sales activity and price growth throughout the Greater Vancouver

While remaining above the 10-year average, housing starts will moderate in 2018 and 2019, compared to the all-time high in 2016, according to Canada Mortgage and Housing Corp.

(CMHC).

The large increases in the first half of 2016 will result in an increase in home completions

46 NextHome.ca | Surrey / Langley / Abbotsford / Mission

WHERE IS VANCOUVER ON THE REAL ESTATE CYCLE? Based on REIN’s Real Estate Cycle Scorecard Clock, the economic fundamental key drivers and the market influencers indicate Vancouver’s real estate market is: “end of boom,” but prices, especially in the condo market, are not expected to drop dramatically from this peak.

12

NEW RULES AND RATES

The policy that will arguably have the largest – and most immediate – impact on the housing market is the new stress test that took effect on Jan. 1, 2018. Royal LePage predicts that it will significantly influence the market, especially in the first six months of the year, as buyers reevaluate their finances and expectations, and adopt a “waitand-see” approach. Reducing buyers’ purchasing power, the stress test will likely result in further demand for entrylevel properties, namely the condominium segment.

This period, however, may simply be the calm before the storm. “Insufficient housing supply in Canada’s largest cities will begin to drive significant price increases to higher than normal levels once the market adjusts to the new stress test,” says Phil Soper, president and CEO, Royal LePage.

“Aggressive home price inflation is still more of a threat today than the risk of a market crash in Toronto or Vancouver.”

ER

MP

9

RECOV

Last year welcomed rising rates and new regulations. Interest rates are expected to rise gradually over the next two years. CMHC predicts that the posted five-year mortgage rate will range from 4.9 per cent to 5.7 per cent in 2018, and within the 5.2 per cent and 6.2 per cent in 2019, rising 160 basis points at most between 2017 and 2019.

BOOM

3

LU

area in 2017. While prices for attached properties are trending up as of Q4 in 2017 and could continue to rise in the near future, most trends do not continue indefinitely.

A larger share of attached units will remain within the budgets of more Vancouverites, due mostly to much lower physical barriers to increasing supply of attached units.”

S

Y

6

WHAT DOES THIS MEAN FOR 2018?

Vancouver’s economy is slowing, but will remain solid.

According to REIN, “Vancouver has all the right economic fundamentals of a world-class city, and attracts foreign investors and capital as a safe-haven on the global scale. Its economy is insulated. While affordability affects the return on investment, strategic investors, over the long-term, will find relatively safe investment opportunities, when timed right and with the right property.”

To hopeful homebuyers: The beginning of a slowdown and the end of a boom won’t translate into a large dip in home prices. “Any buyer hoping for a major affordability breakthrough in the Vancouver area will be disappointed,” says Royal Bank of Canada’s (RBC) Housing Trends and Affordability report, September 2017. “Not only are prices on the rise again but interest rates have begun to climb as well.

The prospects for further rate hikes in the period ahead will put growing upward pressure on homeownership costs in Vancouver.”

With new policies possibly impacting demand, low inventory, high prices and a rising interest rate environment, buyers “need to be carefully examining their personal finances and their motivations for purchasing” advises Keith Stewart, senior market analyst at CMHC. “Buyers should conservatively assess their income and debt levels and ensure rising rates do not lead to undue stress on their finances.”

JAN 5 - 19, 2018 47

NEW HOME & CONDO DEVELOPMENTS

These listings are meant to offer a comprehensive overview of new home and condo developments currently being marketed throughout Greater Vancouver and the Fraser Valley.

Legend: CH = City Home DP = Duplex HR = High Rise LO = Loft LR = Low Rise LW= Live Work MR = Mid Rise PH = Penthouse RH = Row Home TH = Townhouse PROJECT

TYPE CONTACT

PRICE

ABBOTSFORD Allwood Place ...................................TH .........604-260-6797 ........................................................Call Bristol Heights ...................................TH .........604-871-4241 ......................................Coming Soon Eagles Gate .........................................SF ..........604-309-7729 ...................................From $373,500 Falcon Ridge .......................................SF ..........604-309-0540..................................From $789,000 Foxwood ..............................................SF ..........604-850-5040 ................................. From $524,900 Mahogany at Mill Lake ....................HR .........778-255-9990.........................................................Call Mill District .........................................MR .........604-621-5888 .....................................Coming Soon Straiton Estates ..................................SF ..........604-850-5040 .......................................................Call BURNABY Arcola ..................................................TH .........604-671-8805 .....................................Coming Soon Churchill .............................................TH .........604-363-2627 .....................................Coming Soon The City of Lougheed .....................HR .........604-328-7128 .........................................................Call Concord Brentwood .......................HR .........604-435-1383...................................From $299,900 Connaught ......................................LR/TH ......604-699-0036 .......................................................Call Eternity ................................................ LR ..........604-330-8838 .....................................Coming Soon Etoile ....................................................HR .........604-828-1373.........................................................Call Fraser ................................................LR/TH ......604-299-8861 .....................................Coming Soon Juneau ................................................HR .........juneaubyamacon.com ......................Coming Soon Kings Crossing...................................HR .........ingscrossingbycressey.com ................Final Homes Lumina Brentwood ..........................HR .........luminabrentwood.com .....................Coming Soon Polaris at Metrotown .......................HR .........polarismetrotown.com .....................Coming Soon Solo District .......................................HR .........solodistrict.com ..................................Coming Soon Station Square ...................................HR .........604-438-1113 .........................................................Call Syncro ................................................. LR ..........bold.ca ......................................................................Call Sussex .................................................. LR ..........sussexmetrotown.com............... From $1.5 million Terraces at the Peak ........................ LR ..........terracesatsfu.com ..................................................Call Triomphe ............................................HR .........604-828-1373.........................................................Call Vittorio ................................................HR .........604-430-8831 ........................................................Call CHILLIWACK Camden at The Falls .........................SF ..........www.livethefalls.com ..................... From $529,900 Midtown..............................................TH .........midtownchilliwack.com ...................Coming Soon River’s Edge........................................TH .........604.824.5062 .........................................................Call COQUITLAM 567 Clarke + Como .........................HR .........604-937-5670 .......................................................Call Amberleigh .........................................SF ..........604-514-4359 .....................................Coming Soon Brookmere .........................................HR .........604-259-5991 ........................................................Call Foster Ave Rowhomes ....................TH .........intracorp.ca ..........................................Coming Soon Kingston...............................................SF ..........604-514-4359 .....................................Coming Soon Mont Bleu ...........................................HR .........montbleu.ca ......................................... Coming soon Simon 2 ............................................... LR ..........SimonbyOtivo.com ............................Coming Soon The Ridge at Burke Mountain ........SF ..........778-285-6299.........................................................Call

PROJECT

TYPE CONTACT

PRICE

DELTA & TSAWWASSEN Brio ....................................................... LR ..........604-943-8811......................................................... Call Chelsea Gate .....................................TH .........chelseagate.com.................................................... Call Delta Gardens ...................................TH .........deltagardens.ca ...................................................... Call Harbour Walk..................................... LR ..........604-274-7326 ................................................................

Muse .................................................... LR ..........liveatmuse.com ...................................................... Call Pelican Cove .................................. TH/DU......604-943-6677 ..................................From $589,900 South Pointe .......................................SF ..........604-584-2908..................................From $699,900 Tsawwassen Heights ........................SF ..........604-271-7288 ......................................................... Call Tsawwassen Shores ..........................SF ..........604-943-6677 ........................................................ Call Tsawwassen Springs ......................SF/LR .......604-948-HOME ..................................................... Call LANGLEY Bertrand Creek ...................................SF ..........604-262-2965 ..................................From $898,980 Boulevard at Town Centre ............TH ........elyxhomes.com ..................................Coming Soon City Park .............................................TH ........778-772-2919 ......................................................... Call Crimson Cloverdale Village ..........TH ........crimsoncloverdalevillage.com .......Coming Soon Highfield ............................................RH ........604-767-7800 ..................................From $699,000 Gabriola Park .....................................TH .........604-371- 1892 ........................................................ Call Hutton .................................................TH .........huttontownhomes.com....................................... Call Park Hill ...........................................LR/TH .....liveatparkhill.ca ..................................Coming Soon The Terraces ......................................CH .........778-987-2489 ......................................Coming Soon Township Commons ...................LR/TH .....townshipcommons.com .................Coming Soon Union Park ......................................... LR ..........604-871-4288 ........................................................ Call Willoughby West................................SF ..........604-371-0733 ......................................................... Call MAPLE RIDGE Brickwater at the Village................. LR ..........604-477-1500......................................................... Call Cottonwood Lane ............................TH .........604-438-2650 .....................................Coming Soon Ridgemont .........................................TH .........604-476-1777 ......................................Coming Soon The Terraces .....................................TH ........604-351-3261 ........................................................ Call Willow..................................................TH .........lifeatwillow.com..................................................... Call Wynnbrook .........................................SF ..........604-380-4708........................................................ Call MISSION / HARRISON 58 On Cherry Hill .............................TH .........604-768-9572 .....................................Coming Soon Horizons .............................................TH .........1-888-826-1177.................................From $319,800 NEW WESTMINSTER Elliot .....................................................HR .........604-662-8009 ....................................................... Call Ewen ....................................................TH .........604-549-8181......................................Coming Soon Hamilton Village ............................... LR ..........604-526-5266 .....................................Coming Soon Parkside at Victoria Hill ...................HR .........604-523-0733 ........................................................ Call Queens Park Estates ........................TH .........604-279-3829 .....................................Coming Soon River Queensborough ....................TH .........604-438-5050........................................................ Call The Peninsula....................................MR .........604-544-2258 ........................................................ Call The Royal at Victoria Hill ................ LR ..........604-523-0733 ........................................................ Call Thompson Landing ..........................SF ..........604-520-3226 ..................................From $476,900

BRINGING PEOPLE HOME CONNECTING BUYERS TO THE BEST NEW HOME OPPORTUNITIES IN METROPOLITAN VANCOUVER

FIFTHAVE.CA 48 NextHome.ca

N E W H O M E S A L E S AND MARKETING EXPERTISE

Legend: CH = City Home DP = Duplex HR = High Rise LO = Loft LR = Low Rise LW= Live Work MR = Mid Rise PH = Penthouse RH = Row Home TH = Townhouse PROJECT

TYPE CONTACT

PRICE

NORTH VANCOUVER Atrium at the Pier ......................... MR/TH......604-983-9065.................................. From $379,900 Cascade at the Pier .......................... LR ..........604-984-0906 ....................................Coming Soon CentreView.........................................HR .........604-998-8540 .......................................................Call Compass .............................................HR .........604-980-5000 .......................................................Call Connaught ......................................... LR ..........604-699-0036 .......................................................Call Crown & Mountain........................... LR ..........604-985-8258 .....................................Coming Soon Edgemont Walk.................................TH .........boffoproperties.com..........................Coming Soon Green on Queensbury .................LR/TH ......qualex.ca/green ...................................Register Now Grosvenor Ambleside .....................HR .........604-922-1380 ........................................................Call Latitudes .............................................TH .........604-435-9477 ..................................From $469,900 Northlands ......................................LR/TH ......604-800-2120 ........................................................Call Pinnacle Residences at the Pier ...MR .........604-983-9065........................................................Call Residences at Lynn Valley ..............TH .........604-924-0166 ........................................................Call Seymour Village ...............................TH ........(604) 924-0818 .....................................................Call Tatlow .................................................. LR ............................................................................Coming Soon Taluswood at Timber Court...........................604-988-3617 ........................................................Call Trophy at the Pier .............................MR .........604-983-9065........................................................Call x61 .....................................................LR/TH ......604-971-3181..........................................................Call PITT MEADOWS Orion ................................................... LR ..........604-315-7882 ...................................From $299,900 Nature’s Walk .....................................TH .........604-262-1850 .........................................Call for info PORT COQUITLAM Lumiere ............................................... LR ..........604-790-4002........................................................Call Montrose Square .............................. LR ..........778-255-2599 .........................................................Call Victoria ................................................RH .........604-945-0087.....................................Coming Soon PORT MOODY Edgestone ..........................................TH .........604-565-2653 .................................From $889,900 The Grande ........................................HR .........604-552-0552 .........................................Call for info Platform ..............................................TH .........aragon.ca/platform ............................Coming Soon Station, The ........................................TH .........604-492-3338 ........................................................Call RICHMOND Alfa .......................................................HR .........604-276-2532 ........................................................Call Cascade by the City .........................HR .........cascadecity.landaglobal.com ..........Coming Soon Concord Gardens .............................HR .........604-233-7748 ................................From $300,000’s Empire Living.....................................TH .........604-244-9622 ........................................................Call Grand, The .........................................HR .........604 278 3880 .........................................................Call Jasmine at The Gardens.................TH .........604-271-3331....................................From $924,000 Kenstone Gate...................................TH .........604-218-3338................................... From $529,900 Kingston Gate....................................TH .........604-760-6024 ........................................................Call Livia ......................................................TH .........604-364-2159 ........................................................Call Mandarin Walk................................LR/TH ......604-278-0808........................................................Call Monet ..................................................HR .........604-233-7748 ................................From $300,000’s Opal at Richmond Centre ..............HR .........604-303-7575 ...................................From $464,900 Orchid by Beedie..............................HR .........info@orchidbeedie.ca........................Coming Soon Parc Riviera ........................................MR .........604-231-5900 ...............................From Low $200’s Park Residences at Minoru ............HR .........604-303-8878 ........................................................Call Pier, The .............................................. LR ..........604-274-7326 .........................................................Call Pinnacle Living at Capstan..... HR/MR/TH ..604-303-0148 ........................................................Call Pinnacle Living Sorrento ............MR/HR......604-303-0148 ........................................................Call Quintet ................................................HR .........604-303-8878 ........................................................Call Riga ......................................................TH .........604-715-1250 .........................................................Call

PROJECT

TYPE CONTACT

PRICE

Riva.......................................................MR .........604-278-8825 ........................................................ Call River Green ........................................MR .........604-233-2633 ........................................................ Call River Park Place ................................MR .........604-356-7719 ......................................................... Call River Inlet ....................................... MR/TH......604-233-2633 ........................................................ Call Viewstar ..............................................TH .........604-285-9983 ........................................................ Call Vogue ..................................................TH .........604-715-1250 ......................................................... Call Wembley.............................................TH .........604-231-0480 ........................................................ Call Westminster Terrace ........................TH .........604-204-1077......................................................... Call SQUAMISH / WHISTLER Elaho ....................................................TH .........604-898-2232 .....................................Coming Soon Ocean Crest ........................................SF ..........604-896-2235 ...............................From $1,298,000 ParkHouse .......................................... LR ..........604-567-5433....................................From $167,900 Ravenswood .......................................SF ..........604-670-7862 ................................. From $800,000 Summits View....................................TH .........604-892-5888 .................................. From $559,900 Aqua ..................................................TH/LR ......1-877-344-5566 ...............................From $239,000 University Heights ............................ LR ..........1-888-852-7575 ..................................................... Call Vantage ............................................TH/LR ......vantagesquamish.com ......................................... Call SUNSHINE COAST SECHELT Edgewater at Porpoise Bay............TH .........604- 885-8556 ....................................................... Call SilverStone Heights...........................SF ..........604-741-1877 .................................... From $479,900 SURREY Aloha Estates .....................................TH .........blackonyxmarketing.ca .....................Coming Soon Clayton Walk......................................TH .........claytonwalk.com ................................Coming Soon The Guildford .................................... LR ..........778-394-8867......................................Coming Soon Harvest at Bose Farms.....................TH .........604-576-7722 ......................................................... Call Hawthorne .........................................RH .........mosaichomes.com............................. Coming soon Highcrest ............................................ LR ..........604-584-7273......................................................... Call Hillcrest ................................................SF ..........hillcrestbymarathon.ca .....................Coming Soon King George Hub..............................HR .........kinggeorgehub.com ............................................. Call Kings Landing ................................... LR .........dawsonsawyer.ca ..............................Coming Soon The Links Residences ......................TH .........infinityproperties.ca ...........................Coming Soon Onyx ...................................................TH ........liveatonyx.ca .......................................Coming Soon Park Avenue West .............................HR .........604-583-9866........................................From $250’s Park Place Fleetwood ......................SF ..........604-539-3939 ........................................................ Call Park Place Village .............................TH .........604-617-7763 ...................................From $359,000 Prime on Plaza ..................................HR .........604-498-3888........................................................ Call Summit ................................................TH .........778-591-6685 .................................From low $700’s Thomas at Fleetwood .....................TH .........liveatthomas.com ...............................Coming Soon University District .............................HR .........604-588-5795 .................................. From $233,900 Westpointe .........................................TH .........604-833-9193 ........................................................ Call VANCOUVER & AREA DOWNTOWN 8X On The Park .................................HR .........604-801-6861 ........................................................ Call 1335 Howe .........................................HR .........604-689-8535 ........................................................ Call Avenue One .......................................HR .........avenueone.ca ......................................Coming Soon Basalt ................................................... LR ..........604-558-1907......................................................... Call Burrard Place .....................................HR .........burrardplace.ca ...................................Coming Soon The Charleson...................................HR .........604-689-8535 ........................................................ Call Eventide .............................................. LR ..........eventidethree.com .............................Coming Soon Mirabel ................................................HR .........mirabelbymarcon.com......................................... Call Oak Flats ............................................. LR ..........bold.ca ...................................................Coming Soon

JAN 5 - 19, 2018 49

Legend: CH = City Home DP = Duplex HR = High Rise LO = Loft LR = Low Rise LW= Live Work MR = Mid Rise PH = Penthouse RH = Row Home TH = Townhouse PROJECT

TYPE CONTACT

PRICE

The Pacific..........................................HR .........grosvenorpacific.com ..........................................Call Vancouver House .............................HR .........604-893-8958........................................................Call EAST SIDE 2nd & Main ......................................... LR ..........secondandmain.ca .............................Coming Soon Avalon Mews .....................................TH .........604-438-5050........................................................Call Bravo on Broadway .........................TH .........604-366-9505 ........................................................Call Currents at Water’s Edge ................ LR ..........604-451-8518 .........................................................Call Elenore On Fifth ............................... LR ..........elenoreonfifth.com ...............................................Call Focal .................................................... LR ..........604-563-6777......................................Coming Soon Francis .................................................TH .........604-330-8848........................................................Call Gem, The ............................................ LR ..........liveatthegem.com...............................Coming Soon Grandview Cascades .......................TH .........grandviewcascades.com ..................Coming Soon Kensington Gardens ........................ LR ..........604-620-7886 ........................................................Call McKinnon by Cressey...................... LR ..........mckinnonbycressey.com.......................Final Home Monogram ........................................TH .........604-808-5272 ........................................................Call Paragon............................................... LR ..........604-688-5566.....................................Coming Soon Renfrew & 2nd .................................. LR ..........604-830-3938 .................................. From $259,900 River District - Avalon Park .... HR/MR/CH..604-879-8830........................................................Call Skyway ................................................HR .........604-436-1100 ........................................................Call Triumph...............................................TH .........604-563-6200........................................................Call View338 .............................................. LR ..........604-303-8838 .................................. From $219,900 WEST SIDE 7302-7358 Granville ........................TH .........604-891-1288.........................................................Call 1555 West Eighth ...........................LR/MR ......604-828-3998........................................................Call 41West .................................................MR .........604-563-8336 ........................................................Call 6th & Yukon........................................ LR ..........cressey.ca..............................................Coming Soon 99 West ...............................................MR .........604-620-8600 .................................From $528,800 W10th & Maple .............................. MR/TH......604-239-2080..................................From $429,900 Aperture ...........................................LR/TH ......604-345-9000........................................................Call Aster .................................................... LR .........604-915-6898 ....................................Coming Soon Aston....................................................TH .........604-418-6809 .......................................................Call Belpark ................................................ LR ..........604-891-1281 .........................................................Call Boulevard ...........................................MR .........604-685-5778 ...................................From $367,400 Cambie Star........................................MR .........604-876-9222 ........................................................Call Cambridge Mews .............................TH .........604-808-3058 .......................................................Call Canvas .................................................MR .........604-875-8508 ........................................................Call Citti .......................................................MR .........604-880-6880 .......................................................Call Evelyn ..................................................TH .........604-922-0330 ........................................................Call Granville at 70th ...............................HR .........604-687-2298 ........................................................Call Kerrisdale Gardens...........................MR .........604-559-9848..................................From $540,900 Livingstone House ...........................LR .........604-998-8988 .................................From $639,900 Maisonette ........................................TH ........604-318-7172 ........................................................Call McCleery and Magee .......................SF ..........604-255-3838 ........................................................Call Monarch..............................................MR .........604-568-6883..................................From $444,900 One, The .............................................HR .........604-874-8368 ........................................................Call Parc 26 ............................................ MR/TH......604 336 6380 .........................................................Call Parc Elise......................................... MR/TH......604-336-6380 ........................................................Call 35 Park West ...................................... LR ..........604-563-8336 ........................................................Call Park Grand ........................................TH ........778-999-2552 .....................................Coming Soon Pinnacle Living at False Creek ......MR .........604-874-8368 ........................................................Call Pinnacle Living Broadway..............MR .........604-739-2080 ........................................................Call

PROJECT

TYPE CONTACT

PRICE

Primrose .............................................TH .........PrimroseVancouver.com ..................Coming Soon Prodigy ................................................MR .........604-221-8878................................ From high $300s Q16.......................................................TH .........604-263-8090........................................................ Call Reside .................................................TH ........residebymarcon.ca ............................Coming Soon Residences at Nobel Park ..............HR ........604.221.4450 .......................................................... Call Shaughnessy Residences ..............TH ........604-558-5852 ...............................From $2,019,800 Sota ......................................................HR .........604-671-1025 ................................. From 2.5 million The Spot .............................................MR .........604-568-6886..................................From $269,900 The Ivy................................................. LR ..........604-566-5888 ........................................................ Call The Grey .............................................MR .........thegreyliving.com.................................................. Call The Regent.........................................TH .........604-273-1313 ......................................................... Call Tisdale .................................................TH .........778-846-5990 ........................................................ Call W10th & Maple .............................. MR/TH......604-739-2080 ........................................................ Call Westbury in Arbutus Ridge ............TH ........westburyliving.com ..............................From $2.5M Yukon Residences ...........................TH .........604-558-5850 ............................... From $1,759,800 WEST VANCOUVER Bellevue by Cressey.........................HR .........bellevuebycressey.com.....................................Email Chelsea by Cressey ..........................MR .........chelseabycressey.com ......................................Email Galleries on the Bay......................... LR ..........604-836-7355 ..................................From $490,000 Hensley by Cressey ..........................HR .........hensleybycressey.com ......................................Email Shannon Wall Centre....................... LR ..........604-267-8882 ........................................................ Call 8888 Osler ......................................... LR ..........8888Osler.com ...................................Coming Soon VICTORIA Black & White ................................ MR/PH......778-265-3464................................... From $324,900 WHITE ROCK / SOUTH SURREY Beachborough ..................................TH .........beachborough.ca .................................................. Call Berkeley Village ................................TH .........berkeleyvillage.ca .................................................. Call Dawson’s Creek ...............................TH ........dawsonsawyer.ca ..............................Coming Soon The Eagles ..........................................TH .........dawsonsawyer.ca .................................................. Call Edgewood Gate .................................SF ..........778.294.9077 .......................................................... Call Evolve at the Hamptons .................TH .........EssenceLiving.com/Evolve.................................. Call Fantom ............................................... LR .........604-538-8028 ....................................................... Call Freestyle..............................................TH ........dawsonsawyer.ca ...............................Coming Soon Headwaters Club .............................. LR ..........headwaters.club..................................................... Call Hycroft 2 .............................................RH .........605-541-2495 ......................................................... Call Imperial ...............................................TH .........liveatimperial.com ................................................. Call Foster & Martin ..................................HR .........fostermartin.ca ....................................................... Call Miramar Village .................................HR .........604-542-8882 ........................................................ Call Orchard Grove ...................................SF ..........604-454-8654 ....................................................... Call Pacific Heights ...................................SF ..........604-427-1803......................................................... Call Plateau at Grandview Heights .......SF ..........604-560-6438........................................................ Call Semiah ................................................HR .........semiahbymarcon.ca.............................................. Call SoHo ....................................................TH .........604-560-0272 ........................................................ Call Southcrest ...........................................SF ..........604-372-3683......................................................... Call Southside.............................................SF ..........604-372-3683......................................................... Call South Point Walk ..............................TH .........604-560-3238 ........................................................ Call South Ridge Club .............................TH .........604-582-1113..........................................From $420’s Switch ..................................................TH .........604-581-8080 ........................................................ Call Viridian ................................................TH .........604-541-0707......................................................... Call Westpointe ..........................................SF ..........604-833-9193 ........................................................ Call

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EXCLUSIVE HOMES OFF MAIN CONSTRUCTION STARTS SPRING 2018 All of our remaining homes feature sophisticated open-concept floor plans that seamlessly blend the indoor and outdoor space. In addition to the impressive array of features that come standard with all Elenore homes, our Signature Suites all offer enviable upgrades including motorized blinds and kitchen islands with waterfall countertop.

FEATURED SIGNATURE SUITE SUITE 607 | 2 BEDROOM | $1,545,900 INDOOR SPACE 1,146 SQ FT | OUTDOOR SPACE 46 SQ FT

1

30" Sub-Zero counter depth refrigerator with integrated cabinet overlay.

2

30" Wolf gas stainless steel cooktop.

3

30" Wolf built-in wall oven in stainless steel.

4

Double Fisher & Paykel dishwasher drawers with integrated cabinet overlay.

5

30" Wolf speed oven.

6

Integrated pantry with full-extension pull out drawers.

7

24" Sub-Zero under counter wine fridge.

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ELENOREONFIFTH.COM | 2106 MAIN STREET | OPEN DAILY 12–5 PM (EXCEPT FRIDAYS OR BY APPOINTMENT) specifications, sizes, renderings, layouts and pricing are subject to change. e.&o.e.

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