JULY 21 - AUG 4, 2017 VOLUME 2, ISSUE 15, FREE
METRO VANCOUVER EDITION
THE NEW TOWERS SOPHISTICATED WATERFRONT LIVING
www.rivergreen.com INSIDE THIS ISSUE
5 REASONS SMART HOME TECHNOLOGY IS A MUST
INSIDERS WEIGH IN ON THE FRASER VALLEY HOUSING MARKET
SMALL SPACE SURVIVAL TIPS FROM THE PROS
TO VANCOUVER
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24 Ave
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SouthPoint Walk.ca
TO USA BORDER
FREEHOLD MEANS FREEDOM
NOW SELLING PRICED FROM $859,900* Many people ask what is the difference between a rowhome and a townhome - isn’t it the same thing? There are in fact many differences between a rowhome and a townhome. Freedom is among the many benefits that a rowhome provides that a townhome simply can’t.
You own your home and the land No strata fees to pay! Not part of any strata corporation Main level entry and finished basement for single family feel Homes start from approximately 2,300 sq.ft.
Visit us at the Hycroft sales centre to choose your home! Open on weekends from 12–5 or by appointment. 16467 24 Avenue Surrey BC V3S 0C4
604 541 2495 hycroftrowhomes.com Any prices exclude taxes. StreetSide Developments reserves the right to make modifications and changes to the building designs, specifications and features should they become necessary. Floor plans, elevations, room sizes and square footages are based on preliminary architectural drawings and may vary from the actual built home. E.&O.E. Sales by Qualico Realty. *Before applicable taxes.
JULY 21 - AUGUST 4, 2017 | NEW HOME & CONDO GUIDE 7
N OW P R E V I E W I N G
8 YPNEXTHOME.CA
contents JULY 21 – AUG 4, 2017 | VOLUME 2 ISSUE 15
ON THE COVER
2 River Green:
18
Sophisticated waterfront living
+ online NEIGHBOURHOOD
HOME SEARCH
MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING
MAPS
14
LOOK FOR THE CIRCLE
38
Creekside Estates
Fraser Valley
Insiders weigh in on the housing market by Susan M Boyce
10 YPNEXTHOME.CA
41
Where nature is your neighbour
trending
WITH
DYNAMIC
property profiles
54
Finance
Increased stress among first-time homebuyers has little impact on purchasing behaviour
Housing market
Vancouver condo market sees rise in demand, competition and prices
VICE PRESIDENT & CHIEF PUBLISHING OFFICER
Caroline Andrews
PUBLISHER & GENERAL MANAGER
Shawn Woodford
DIRECTOR OF CONTENT
Jennifer Reynolds MANAGING EDITOR
Wayne Karl
SENIOR EDITOR
Lydia McNutt ART DIRECTOR
Megan Pike
CONTRIBUTING EDITORS
Sonia Bell Elisa Krovblit
CONTRIBUTING WRITER
Susan M Boyce
MEDIA CONSULTANTS
38
Dave Bird 604.319.7102 Ricardo Hernandez 604.319.7103 SALES COORDINATOR
Ranee Pal
SENIOR MANAGER, DISTRIBUTION
Dwayne Rutherford
NATIONAL CIRCULATION MANAGER
John Jenkins
PRODUCTION MANAGER
advice
district maps
28
14 26 32 36 40 42 44 50
Condo sense
Amenities: An extension of your home by Cameron McNeill
52
GVHBA report
Five ways to enhance condo life with smart home technology by Bob de Wit
inspiration
24
Small space survival Tips from the pros by Lydia McNutt
in every issue
12
Editor’s note
30 Hot properties 34 Neighbourhood profile 55 What’s online 56 Listings directory
Anthony Majetic
GRAPHIC DESIGNER
Richmond
Miguel Cea
South Surrey/White Rock Surrey/Langley Abbotsford/Chilliwack
PRODUCTION CO-ORDINATOR
Hannah Yarkony Published by
Tricities Maple Ridge/Pitt Meadows North Shore/Squamish Vancouver
24
4180 Lougheed Highway Suite 102 Burnaby BC V5C 6A7 T 604.519.6080 F 604.519.6088 ypnexthome.ca ADVERTISING Call 604.519.6080 for rates and
information.
CIRCULATION Highly targeted, free distribution system
aimed at real estate buyers using street level boxes and racking, plus door-to-door insertions in key audience segments. Call 1-855-826-4200 to discuss distribution opportunities. COPYRIGHT 2017 Copyright covers the contents of this publication and prevents reproduction in whole or in part; offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher. The publication, the publisher and the printers shall not be responsible for any typographical errors, mistakes, misprints, spot colouring or any information or lack of information furnished by the advertisers. Yellow Pages NextHome is a trademark of Yellow Pages Group Co. in Canada. EDITORIAL Editorial submissions from interested parties will be considered. Please submit to the editor by email to Lydia.McNutt@ypnexthome.ca. The views and data expressed by columnists do not necessarily represent those of the publication
JULY 21 - AUGUST 4, 2017 | NEW HOME & CONDO GUIDE 11
Editors’ Notes
Mortgage rates on the rise
LYDIA MCNUTT Senior Editor Yellow Pages NextHome Email: Lydia.McNutt@ypnexthome.ca Twitter: @LydiasTweets
WELL, IT’S FINALLY HAPPENED. As expected, the Bank of Canada has raised its benchmark interest rate for the first time in seven years, in anticipation of stronger economic growth this year. Just hours after the central bank broke its news, Canada’s five big banks followed suit and in a mirror move, increased their prime lending rates by 25 basis points. While not a huge hike, this increase could prove too much to handle for some. The prolonged, record-low interest rate environment prompted many Canadians to pile on record levels of debt, leaving little wiggle room when rates finally did rise – and here we are. So, what does this mean? Homeowners with a variable-rate mortgage or a home equity line of credit can expect to pay more toward interest and less toward principal. Those with a fixed-rate mortgage don’t have to worry until it’s time to renew. What should you do in the meantime? If you have a variablerate mortgage, consider switching to a fixed rate. There have been rumblings of another rate increase coming in October. Pay down your debts. These higher interest rates are still low, in the grand scheme of things. According to mortgage rate comparison site RateHub, 30 years ago on August 1, 1987, the prime rate was 10 per cent – a far cry from today’s 2.95. Have an emergency fund. With some money stashed away in the bank, you won’t have to borrow if the need arises. Last but not least, here’s a bit of advice that everyone should follow, regardless of the interest rate – pay attention to where your money’s going.
#TRENDING
READ THE STORY ONLINE
The Bank of Canada’s decision to raise the target for its overnight rate to 0.75 per cent from 0.50 may be cause for concern for some Canadians. But should it be? Are more increases in the offing? What does it all mean? And how will it affect you? Read the full story…
nexthome.yp.ca/rising-interest-rates
+ get social 12 YPNEXTHOME.CA
Interact with us on social media: nexthome
NOW AVAILABLE! PRICES START UNDER $600,000,
PLUS RECEIVE $10,000 IN UPGRADES*
GET THE BEST IN WEST COAST MODERN ARCHITECTURE & DESIGN
Design Excellence Award Grand Ovation: Multi-Family Home Builder of the Year WINNER
for the 2nd Consecutive Year
The third and final release of homes at South Ridge Club, Grandview, is a collection of 72 luxury executivestyle townhomes inspired by the surrounding West Coast landscape. These elegant three, four and five bedroom homes range from approximately 1,300 to 2,000 SF. Each home extends your living space outdoors with expansive patios and private rooftop lanais up to 860 SF, with exclusive access to a 6,500 SF clubhouse. * Limitations apply. Offer available for a limited time only. Contact our Sales Team for more
southridgeclub@adera.com | 604.582.1113
This is not an offering for sale. Sales by disclosure statement only. E&OE. Grandview Adera Ventures Ltd. Adera Realty Corp. 2200 - 1055 Dunsmuir Street, Vancouver, BC V7X 1K8 | 604.684.8277
details at 604.582.1113 or by email at southridgeclub@adera.com.
Property Profile | CREEKSIDE ESTATES
Creekside Estates Where nature is your neighbour Location
Silver Creek, Hope Builder
RDG Management Development
Creekside Estates Home Type
Single-family Sales Centre
63650 Flood Hope Road, Hope Contact
creeksideliving.ca or 604.750.0281
SET AGAINST A SPECTACULAR natural
backdrop of Hope’s mountains, deep canyon ravines, raging rivers and serene lakes, Creekside Estates is turning heads among savvy homebuyers on the quest for a contemporary, single-family home and a coveted lifestyle. “This intimate collection of just 30 two- and three-bedroom homes came to market in the spring and there are less than 5 left,” says project manager Jim Ford. “Empty nesters and semi-retired outdoor enthusiasts love having some of the Lower Mainland’s best fishing, hiking, biking, camping and cross country skiing within minutes of their front doorstep. And you can actually hear Silver Creek when you walk down the streets of the community — I didn’t believe it until I experienced it for myself.”
Great location, great value When you crave some urban amenities, Creekside Estates is perfectly positioned, 14 YPNEXTHOME.CA
too. Kitty-corner to the community is a new elementary school, the neighbourhood pub across the street is a popular spot to hang out with friends, or you can be in Hope’s revitalized downtown in about five minutes. When you feel like heading to town, it’s barely a 25-minute drive to the burgeoning urban amenities of Chilliwack or 35 minutes to Abbotsford — both a fast and easy drive along the freeway. Best of all, Jim notes that with these bare-land strata, single-family homes starting at just $424,900, you’re saving $100,000 or more over what you’d likely pay in Chilliwack, and $150,000 over Abbotsford. “And the finishing specs are definitely above average, so there’s no compromising luxury.” Proudly brought to you by award winning Fraser Valley builder RDG Management, Creekside Estates is a new way to enjoy the best of all worlds. The Creekside Estates presentation centre and display suite are open Thursday through Monday from noon to 6 p.m. at 63650 Flood Hope Road in Hope. For more information visit online at creeksideliving.ca or call 604.750.0281.
Hope, Your Place To Recharge Visit our brand new Master On Main display home Creekside Estates is a Master Plan Community of just 30 exclusive Single Family Home opportunities, many with the master bedroom located on the main floor, on beautiful Silver Hope Creek just outside the hustle and bustle of Hope, yet close to everything you need. Choose from two and three bedroom home layouts all with double car garages included, Exit 170
Exit 168
e Rd
Ho pe R d
Silver Hop
Silver Skagit Rd
Flo od
and experience the gourmet kitchens, truly the heart of your home. At Creekside Estates nature is your neighbour with endless year round recreation, fishing, hiking, biking, and quad trails. Only minutes to schools, shopping, and all the amenities that Hope has to offer. Easy freeway access and only 25 minutes to Chilliwack.
$379,900* Single Family Homes from just $424,900* Open Thursday – Monday 12–6pm 63650 Flood Hope Rd Hope, BC
creeksideliving.ca 604-750-0281
Prices quoted exclude GST and are subject to availability at time of visit and/or to change without notice. In our continuing effort to improve and maintain the high standard of the Creekside Estates development, the developer reserves the right to modify or change plans, specifications, features and prices without notice. Materials may be substituted with equivalent or better at the developer's sole discretion. All dimensions and sizes are approximate and are based on preliminary survey measurements. As reverse plans occur throughout the development please see architectural plans if material to your decision to purchase. Renderings are an artist’s conception and are intended as a general reference only. E.&O.E.
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Oval Village riverparkplaceliving.ca
DEAS ISLAND REGIONAL PARK
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TOWERS J AND A NOW SELLING
RICHMOND LIVING REDEFINED Located just minutes from the airport on No. 3 Road, across the road from the future Capstan Canada Line station, and with easy access to Vancouver, ViewStar is your gateway to a connected West Coast lifestyle. Offering spacious 1 to 4 bedroom residences and townhomes, serene rooftop gardens, a private elevated central park, exclusive amenities and an integrated community centre, this is a richly rewarding community for you and your family to call home. ViewStar is home to over 13,000 sq. ft. of amenities that together form a sanctuary from the everyday, a world to share with family and friends, a world that once experienced, you will never want to leave.
Property Profile | 2 RIVER GREEN
cover story
“6688 Pearson Way is the first and only multi-family in Canada to incorporate a fully integrated, luxury automation on this scale”
18 YPNEXTHOME.CA
2 River Green Sophisticated waterfront living IMAGINE BEING ABLE to turn on your house lights from your office, monitor the security of your home from the beach, or arrange to have your favourite music playing in the living room as you walk through the front door. Now you can. Introducing Bang & Olufsen’s new Beolink Gateway System, available exclusively at 6688 Pearson Way — the newest release of sophisticated residences in Aspac’s dazzling 2 River Green master-
planned community located adjacent to the Fraser River in Richmond. “An innovative partnership between Bang & Olufsen, Aspac and Epic Luxury, 6688 Pearson Way is the first and only multi-family in Canada to incorporate a fully integrated, luxury automation on this scale,” says Simon Chang, creative director of Epic Luxury. “This groundbreaking technology is interwoven throughout the very fibre of the building, so each homeowner can create a personalized environment that perfectly fits their unique lifestyle.”
Location
Richmond Developer
Aspac Developments Ltd. Development
2 River Green Home Type
Highrise Sales Centre
5111 Hollybridge Way Contact
rivergreen.com
and now Aspac — the company that redefined Coal Harbour.
The River Green experience
Your home, your style Already making waves in Europe, Bang & Olufsen’s cutting-edge Beolink Gateway System allows you to connect and control all your smart technology from a single touchscreen or app using simple, intuitive commands. The set-up and configuration process is radically simplified compared to current market standards, so programming takes several hours rather than several days. Best of all, the system is compatible with a broad range of major makes and models of smart products — meaning it’s now possible to control almost everything you own with just the touch of a button. For example, you can set your thermostat to preheat rooms just before you arrive home and maintain a lower temperature while you’re away. From your smartphone or tablet, you can switch on and off or
dim individual room lights, let your house cleaners in while you’re on vacation and reset the alarm once they’ve left, or enjoy preset schemes for entertaining, cooking or watching television. Beolink Gateway even offers a “welcome” scenario that you can preprogram to deliver your preferred lighting, music and room temperature as you walk in your front door.
A proud history of innovation Founded in Denmark in 1925, Bang & Olufsen is world renowned for its design aesthetic, craftsmanship and engineering. Their products combine technological excellence with emotional appeal — technology that not only works but looks sleek and elegant, yet remains unobtrusive. This ethos is reflected in their partnerships with companies such as Audi, Aston Martin,
Life at River Green means being in the heart of one of Canada’s most exciting and significant waterfront, master planned communities. You can walk to the Olympic Oval in about a minute or dining and shopping in less than three. It’s a 10-minute drive to YVR for when you’re ready for some R&R in the tropics, 22 minutes to downtown Vancouver when you feel like a night on the town, and only half an hour to the US border for a different type of retail therapy. Not to mention you could be skiing at Whistler Blackcomb in about a couple of hours. Still, there’s nothing quite like seeing for yourself. The River Green Presentation Centre reopens soon at 5111 Hollybridge Way in Richmond. Here you’ll be able to experience three display homes, a penthouse vignette, and a fully functional showcase of the cutting edge Beolink Gateway System. So come experience it for yourself. For more information and updates, visit rivergreen.com.
JULY 21 - AUGUST 4, 2017 | NEW HOME & CONDO GUIDE 19
THE NEW TOWERS www.rivergreen.com 604.233.2633 In a continuing effort to meet the challenge of product improvement, the developer reserves the right to modify or change plans and specifications without notice. Pictures, drawings, digital renderings and landscape plans are for illustrative purposes only and are subject to change. Refer to disclosure statement for specific details. E. & O. E.
SOPHISTICATED WATERFRONT LIVING WITH
PRESENTATION CENTRE By Appointment Only
5111 Hollybridge Way, Richmond V7C 0A3
This advertisement is not an offering for sale. Such an offering can only be made with a disclosure statement. E. & O. E.
We’ve freshened up the place. Coming soon: Vancouver’s best source of real estate information.
Check out our new look in the upcoming issue!
NOW SELLING
A REMARKABLE EXPERIENCE IN TOWNHOME LIVING Jasmine is a boutique collection of 23 luxurious air-conditioned parkside townhomes neighbouring a serene twelve-acre natural park. As the absolute final phase of The Gardens, a master-planned urban village in the sought-after neighbourhood of South Richmond, these two- and three-bedroom homes span across two- or three-storeys, offering spacious interiors for comfortable modern living. Kitchens not only look beautiful; they are exquisitely designed to function the way you want them to. Ample storage, plenty of counter space and full-sized appliances ensure you’re equipped to experiment in the kitchen with ease. The effortless elegance of these modern townhomes perfectly complements the surrounding natural beauty.
OPEN DAILY FROM 12–5PM EXCEPT FRIDAYS #140 – 10880 No. 5 Road, Richmond
604 271 3331 TOWNLINE.CA
Sales by MLA Canada Realty. Marketing by MAC Marketing. This is not an offering for sale. Any such offering can only be made with a Disclosure Statement E.&O.E.
Inspiration
SMALL SPACE
SURVIVAL GUIDE With 25 years in the real estate biz, we’ve picked up a thing or two about how to maximize your small space. Here’s some timeless advice from the experts over the years. by Lydia McNutt
2
1 “Furniture in small spaces can serve more than one purpose... Reconfiguring and readapting to serve multiple functions is the way of the future.”
“Position a mirror directly on the wall opposite to the source of natural light. This will bounce the light back and forth while increasing the visual depth of your room at the same time.”
“When you’ve run out of storage space, lie on the floor and look up... Vertical space is abundant and often overlooked. Consider putting shelves above door frames or around the perimeter of the room. Hang things from the ceiling in the kitchen. When purchasing armoires, bookcases or shelving units, choose the tallest you can find, and put baskets on top of them.”
3
JANE LOCKHART, PRINCIPAL
YANIC SIMARD, PRINCIPAL
HELLEN BUTTIGIEG, CERTIFIED
DESIGNER, JANE LOCKHART
DESIGNER, TORONTO INTERIOR
PROFESSIONAL ORGANIZER,
INTERIOR DESIGN
DESIGN GROUP
WE ORGANIZE U
24 YPNEXTHOME.CA
“In a small living room, where the goal is to create the illusion of more space, paint walls and trim in pale, cool colours…Cool colours recede from view, making walls feel farther away than they really are.”
4
KIMBERLEY SELDON, INTERIOR DESIGNER, KIMBERLEY SELDON DESIGN GROUP
5
“A layered lighting plan is something I always recommend to clients, but in a small space this approach is especially advantageous. Rather than opting for a floor lamp with mass and weight, that takes up floor area, sconces give you ambient lighting while saving space. I love the architectural detail sconces provide and often use them on either end of a gallery wall or sofa.” LISA CANNING, DESIGNER, LISA CANNING INTERIORS
“If you’re fortunate enough to have a breathtaking skyline view or a picturesque landscape right outside your window, why not treat it like a stunning piece of artwork? Frame it with colour. Painting trim with a deep, rich hue such as black or charcoal gray continues to be a growing trend, and if your small space is rather “box like” and lacking a natural interior focal point, the addition of a bold colour on the trim work will add depth, command attention, and draw the eye to one of your best and most beautiful features.”
6
LEIGH-ANN ALLAIRE PERRAULT, SELF-PROCLAIMED DIY NINJA AND DESIGNER, HUE LA LA
+MORE ADVICE ONLINE ypnexthome.ca/news/advice
7
“Train yourself to be a minimalist. I know you want to keep the old photo albums and book collections. However, with today’s digital technology, you can store all your photos and books on your computer. You get better quality imaging and it can free up a lot of space.” JONATHAN AND DREW SCOTT, THE PROPERTY BROTHERS JULY 21 - AUGUST 4, 2017 | NEW HOME & CONDO GUIDE 25
176TH ST
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South Surrey | White Rock
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SOUTH SURREY / WHITE ROCK NEW CONDOS:
NEW HOMES:
1. BEACHBOROUGH
1. SOUTH POINT WALK
14022 North Bluff Road beachborough.ca
2. HEADWATERS CLUB 15436 31 Ave 778-545-9333
Sales Centre 29A & 152nd St 604-560-3238
2. QUINN 16355 23 Ave. 604-720-7478
3. HYCROFT 2 16467 - 24th Ave. 604-541-2495
4. GRANDVIEW AT SOUTHRIDGE CLUB 15828 Mountainview Dr 604-582-1113
5. SOHO Presentation Centre 2280 - 163 St. 604-560-0272
SEARCH ONLINE ypnexthome.ca
26 YPNEXTHOME.CA
6. EVOLVE AT THE HAMPTONS 24th Ave & 164th essenceliving.com/evolve
7. VIRIDIAN 36180 150 Street viridianhomes.ca
8. SWITCH 24th Ave & 164th 604-581-8080
9. HARVEST AT BOSE FARMS 16488 64Ave 604-576-7722
8TH AVE
88
778.545.9333
WWW.HEADWATERS.CLUB
REGISTRATIONS NOW ACCEPTED
Creekside Residences from the high $200’s
Marketing + Sales by
Built by
When you love what you have, you have what you need.
Advice | CONDO SENSE
Amenities: An extension of your home By Cameron McNeill
MORE ADVICE ONLINE ypnexthome.ca/news/advice
NEW RESIDENTIAL DEVELOPMENTS offer
an exciting dwelling experience – not only are you investing in your living space, but you have the option for interior and exterior building amenities. A project’s amenity inspirations stem from the property location, the neighbourhood amenities, and who will ultimately live there. Along with the developer and project team, we enjoy designing shared spaces to ensure the best experience, and see this as an extension of your home. As a home seeker, think about your lifestyle and what you want your living experience to be, both in-building and outdoor preferences. Some owners may choose a property with minimal amenity space, while others are excited to have a shared social lounge or rooftop to entertain friends and family. If you like to entertain large groups perhaps you would be more amenable to a building with shared indoor or outdoor lounge spaces with a kitchen, fire pit or barbecue. Some projects will include a games rooms, large-screen TV’s, karaoke room or pools to host your friends and families. Kings Crossing by Cressey even included a mini amphitheatre as part of their clubhouse offering, supplementing their fitness facility with squash and sports court. For outdoor areas, look at the proposed landscape plans and what would appeal to you, from relaxing seating areas and tranquil water elements to botanical features that will enhance the surrounding 28 YPNEXTHOME.CA
The Metrotown neighbourhood will be home to the private Mix Modern Bowling Lounge, an exciting new amenity part of Townline’s Sussex development
space. Sometimes this can be paired with an indoor steam and sauna, for relaxation and wellness. There are also buildings that cater to pet owners with extras such as a wash station or dog run for immediate access to outdoor space just steps from your door. This is especially beneficial during the city’s wetter and colder months. For residents with children, an on-site play structure, grassy area or nearby park provides a fun environment and learning opportunities for kids, whether developing their physical skills or improving their social interaction. We are also seeing a growing trend toward private storage garages and maintenance rooms. Storage garages allow owners to securely store their high-valued items
such as bikes, skies or hockey gear. A dedicated maintenance area is perfect for the sports enthusiast to use as a service station to tune-up or fix a mountain bike or snowboard. When visiting a presentation centre ask the sales representative to give you a full rundown of the amenities offered, and consider how those amenities could possibly eliminate membership costs or simply add enjoyment and convenience to your lifestyle.
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
NOW SELLING!
GET CONNECTED IN SOUTH SURREY 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 & 4 Bedrooms Priced from the mid $500’s
TURNONLIFE.CA 604.581 .8080 Switch is currently not an offering for sale. Prices quoted are an anticipated range only, exclusive of taxes and are subject to change without prior notice. E. & O.E.
Sutton West Coast Realty
HUNTER PARK
Hot Properties
Find your next home! Here are a few of the latest condominium, townhome and single-family properties to keep your eye on in the Metro Vancouver area. Find more homes online at ypnexthome.ca
LATEST LISTINGS:
on Featured t our fron cover!
new releases and grand openings VIEWSTAR
2 River Green by Aspac Developments features waterfront living with fully integrated, luxury home automation
previews and registrations 2 RIVER GREEN Home type: Highrise Developer: Aspac Developments Ltd. On the map: 6688 Pearson Way, Richmond On the web: rivergreen.com Info: Register now for the newest release of sophisticated residences in Aspac’s dazzling 2 River Green master-planned community, adjacent to the Fraser River in Richmond.
COTTONWOOD LANE Home type: Townhomes Developer: Greenwood Properties Ltd. On the map: Maple Ridge On the web: greenwoodproperties.ca Info: Keep your eyes peeled and ears open for information on this upcoming community of just 15 unique townhomes, coming to Maple Ridge. 30 YPNEXTHOME.CA
Home type: Condos and townhomes Developer: Yuanheng Holdings Ltd. On the map: Richmond On the web: viewstar.ca Contact: 604.285.9983 Info: Welcome to your gateway to West Coast living! Enjoy spacious one- to four-bedroom residences and townhomes, rooftop gardens, a private elevated central park, exclusive amenities and an integrated 35,000-sq.-ft. community centre. Live, work and play, without ever leaving the comfort of home. Presentation centre now open at 3399 Corvette Way in Richmond.
CITY OF LOUGHEED
ALLWOOD PLACE
Home type: Highrise Developer: Shape On the map: Burnaby On the web: thecityoflougheed.com Info: Register for Tower 1, with Tower 2 expected to launch this fall. What’s being touted as Canada’s largest master-planned community will encompass 23+ highrise towers, shopping and dining, stand-out architecture and the most-connected SkyTrain hub in Metro Vancouver. Register now!
Home type: Townhomes Developer: Onni Group On the map: #2 – 32633 Simon Ave., Abbotsford On the web: onni.com/allwoodplace Contact: 604.260.6797 Info: Phase 2 is now selling with new homes just released! Abbotsford’s newest community features a collection of twoand three-bedroom townhomes in the heart of this vibrant neighbourhood, where amenities and affordable urban convenience are balanced within a natural setting. Register now to stay informed.
CANOPY LIVING Home type: Townhomes Developer: Streetside Developments On the map: Surrey On the web: canopyliving.ca Info: One of Western Canada’s mosttrusted developers is bringing two-, three- and four-bedroom townhomes to this new community on Tynehead Park. Register now to stay informed.
Builders If you would like to include your preview registration, new release or site opening in this feature, just email the details to Lydia.McNutt@ypnexthome.ca
NOW SELLING! 1 Bedroom 1 Bedroom + Den 2 Bedroom 2 Bedroom + Den 3 Bedroom
UT
fromSO $299,900 LD O UT
fromSO$319,900 LD O
$569,900 $649,900 from $889,900 from
from
14022 North Bluff, White Rock DISCOVERY GALLERY LOCATED AT:
1645 140th Street, Surrey (next to Home Hardware) Open 12 – 5 daily (except Fridays)
This offering by sales disclosure statement. Texor Homes White Rock 245-9600 Cameron St, BBY. Prices and availability subject to change without notice. E&OE
Why live anywhere else! Beachborough is a luxurious collection of only 51 condominiums in desirable West White Rock. Offering a unique selection of floorplans ranging between 600-1,900 sf. Special Limited Edition 3 bedroom “Sky-ranchers” available on the top two floors.
beachborough.ca 604-541-0880
Surrey | Langley 116TH AVE
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LANGLEY
SERPENTINE FEN NATURE RESERVE
A2. CLAYTON WALK Fleetwood claytonwalk.com
A3. HAWTHORNE
58th Ave. & Cloverdale Bypass mosaichomes.com
32 YPNEXTHOME.CA
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NEW HOMES:
A1. HARVEST AT BOSE FARMS 16488 64 Ave. 604-576-7722
232RD ST
216TH ST
208TH ST
200TH ST
184TH ST
168TH ST
192ND ST
80TH AVE
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128TH ST
120TH ST
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1a 144TH ST
King George Blvd
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B1. HUTTON 99
76A Ave & 210 Street. 604-881-7882
B2. CIVIC
20241 Fraser Highway 604-539-6668
40TH AVE
240TH ST
96TH AVE
SO50 LD%
A BEAUTIFUL PLACE FOR YOUNG FAMILIES TO GROW Ranging from 3 bedroom duplexes to family-sized modern living within a stone’s throw of countless trails and outdoor activities. DESIGNER SHOWHOMES LOCATED AT 21150 76A Avenue, Langley
604.881.7882
HUTTONTOWNHOMES.CA Developed by
Marketing & Sales by
Neighbourhood Profile
New Westminster By Diane Duflot
THE FIRST CAPITAL of British Columbia,
New Westminster is situated on the Burrard Peninsula and comprises the area from north of the Fraser River to Tenth Avenue, and across from Marine Drive to Brunette Avenue. The area is known affectionately as “The Royal City,” thanks to Queen Victoria naming it after Westminster, the part of London that’s home to the Parliament buildings. The Vibe There’s a broad range of microneighbourhoods in New West, and it truly offers something for everyone, 34 YPNEXTHOME.CA
from the heritage homes of Queen’s Park to the modern condos downtown. There is a lot of pride of place here, and it’s often said that people who move here never want to leave. Meet the Neighbours New Westminster is home to all types – singles, couples, empty-nesters – but young families are a rapidly growing group, and it’s little wonder why. From splash pads scattered throughout the neighbourhood, to the petting zoo at Queen’s Park, to Motoring Munchkins at the Arenex, New West has an abundance of amenities for tots.
In the Area Though New West only has one public high school (New Westminster Secondary School), it has eight elementary schools and three middle schools. Community centres with activities for the young and old abound in this area, and it’s never a far walk to find a park or playground. Dollars & Sense New West could be considered the poster city for the housing diversity that Vancouver politicians are calling for to make room for the ever-growing population.
Hot Spots The Quay From the River Market (which is home to terrific eats, a circus school, and even hosts music and baking lessons for tots) to a walk along the pier, New Westminster Quay has something for everybody. Coming Home Café This sweet spot has a reputation for great coffee and for feeling like a home away from home. Customers fetch their own simple drinks and place settings, and servers bring the food and serve specialty drinks.
You might find a small condo Uptown or in Sapperton for less than $150,000, but if you’re shopping for a single-family home in Glenbrooke North or Queen’s Park, you can expect to spend a million or more. Planes, Trains & Automobiles A fairly small suburb, New West is highly walkable, and it’s easy to find what you need in each of its smaller pockets. New West is also easily accessible by public transit. Adjacent to Surrey, Burnaby and Coquitlam, commutes to these cities are fairly swift. A bridge-free commute downtown makes it predictable, if not super-fast. The Good, the Bad & the Rest Buildings here reflect the rich history of the former capital, and areas are becoming increasingly gentrified.
Although some believe the hype that it’s only a matter of time before New West is entirely revitalized, others are skeptical. One thing’s certain: some areas here are still a little sketchy, so do some research before moving here to determine whether or not you’ll be living in a neighbourhood that’s on an upward trajectory. Lifestyle There’s no shortage of things to do here, from strolling the streets in Queen’s Park, and catching the cherry blossoms from the end of March, to the Hyack Festival in May and the Queen’s Park Annual Garage Sale and the Sapperton Day Street Festival in June. All of these events promote a strong sense of community here. New Westminster-ites are proud of where they live, and it’s clear why.
Brick and Mortar This shop is much more than the brick and mortar that hold the store. Hyper-local goods on sale here range from locally-made jewelry to art. It’s a great place to browse. The Royal City Farmer’s Market Held at the Quay during winter months and in Tipperary Park in the summer, the Royal City Farmer’s Market is more than a bunch of fruit and veggie stands – it’s a community gathering place. Queen’s Park This sprawling park has plenty of activities for the whole family: tennis courts, an arena, the Arenex, a playground, and a spray park and petting zoo from May to September. Pink Ribbon Bakery Delish cupcake concoctions are on sale here daily. Need a cake for a special occasion? Sheila can sculpt pretty much anything you can dream of out of cake... delicious cake. JULY 21 - AUGUST 4, 2017 | NEW HOME & CONDO GUIDE 35
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NEW HOMES: A1. MAHOGANY AT MILL LAKE
S SUMAS RD
VEDDER RD
2180 Gladwin Road 778-255-9990
A2. MILL DISTRICT 2555 Ware St. 604-621-5888
WATSON RD
A3. ALLWOOD PLACE onni.com 604-260-6797
NEW HOMES:
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LiveRiversEdge.ca 1-604-824-5062
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604-768-9572
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NEW HOMES: C1. 58 ON CHERRY HILL
Lougheed Hwy Lougheed Hwy
36 YPNEXTHOME.CA
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Abbotsford | Mission | Chilliwack
ABBOTSFORD
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Convenience. Livability. Luxury. Enjoy all these elements and a carefree lifestyle in Abbotsford’s spectacular new landmark tower, Mahogany at Mill Lake. Mahogany’s luxury condominium homes feature a tasteful blend of classic design and contemporary conveniences, including geothermal heating and cooling. With incredible views, generous amenities and a prime central location overlooking beautiful Mill Lake, Mahogany is truly the new height of living. To live here is to live well.
Artist’s Renderings
The Presentation Centre is open daily (except Fridays) from 12 - 5 pm 2180 Gladwin Road, Abbotsford, BC
OCCUPANCY: 2018
LivingMahogany.com 778.255.9990
Marketed by Quantum Realty Inc. Managed by the Quantum Properties Group of Companies. This is not an offering for sale. Any such offering may only be made by disclosure statement. The developer reserves the right to modify plans, prices, features and specifications without notice as may be necessary and at their sole discretion. E. & O. E.
JULY 21 - AUGUST 4, 2017 | NEW HOME & CONDO GUIDE 37
Trending
Strange things are happening Insiders weigh in on the Fraser Valley housing market By Susan M Boyce
The Sardis-Vedder neighbourhood in Fraser Valley features a broad mix of housing types, attracting people from all walks of life
STRANGE THINGS ARE HAPPENING in the Fraser Valley residential real estate
MORE TRENDING ONLINE ypnexthome.ca/news
38 YPNEXTHOME.CA
market. That was the underlying theme when three industry insiders made a recent presentation to the Urban Development Institute in Surrey. And not surprisingly, affordability combined with lack of supply figured prominently in the panel discussion moderated by Bob Ransford, vice-president of acquisitions and investments with Century Group.
Not so long ago, it was tough for most developers to imagine selling 100 townhomes in 90 days in the Fraser Valley. This year we’re doing it in a weekend. – Scott Brown
Prices still climbing
Let builders build
Scott Brown, president and CEO of Fifth Avenue Real Estate Marketing, noted Fraser Valley markets are now more and more behaving like their neighbours to the west, where prices can skyrocket almost overnight and sales are increasingly frenzied. “Not so long ago, it was tough for most developers to imagine selling 100 townhomes in 90 days in the Fraser Valley. This year we’re doing it
Don Campbell, senior analyst with the Real Estate Investment Network, also questions the “strange reality” of today’s market where a recent study showed that in Richmond, the City of North Vancouver, and Burnaby project approval generally takes six to eight months. In Vancouver and West Vancouver, the approval process is up to two years. “If municipalities really want to address affordability as a policy, why not speed the process up so there’s more supply?” Campbell predicts transportation will be the game changer for the Millennial cohort. “Millennials want better lifestyle, access to transportation, the ability to work at home, and control of everything in their home from their smartphone. They’re moving to Langley or the Fraser Valley because it’s affordable and transportation now allows them to live there. Just check out the Bus 555 on Port Mann Bridge which is always full, even at 11 o’clock at night.” In closing, Campbell sums it up. “The Fraser Valley is going to be a gold mine because eventually, it’s going to come to point where people are going to want dirt. And where do you find dirt? The Valley.” Perhaps it’s not so strange after all, in a market where only 85 years ago when Vancouver’s treasured Marine Building was built, no on ever thought it would one day be lost in a skyline marked with a forest of highrise towers.
in a weekend. Strange things.” He added that only a couple of years ago, achieving $385 per sq. ft. in Port Coquitlam sounded like a fantasy. “Two years later, with buyers getting priced out of the highrises on North Road, we’re selling out in under four months at $500 per sq. ft. or more.” The luxury condo market remains a highly discriminating one, but one that’s ready to take action when the right product appears. “In White Rock, Landmark Premiere Properties sold out their Foster Martin project in just two hours.” Brown predicts White Rock towers will easily be pushing $1,200 per sq. ft. within two years for product facing the ocean.
Redefining value Many younger buyers, Brown notes, continue to look eastward for better housing values but their perception of what defines value is changing. No longer is the ideal home automatically a larger, single-family house with a large yard since upcoming generations don’t live that way. Now it’s more likely to be a townhome with a lower price point, when buyers can find a home for sale at all. “In the City of Langley, right now, there are only two lowrise wood-frame [developments] actively selling. So, we have a supply issue.”
Foreign Buyers’ Tax Christina Butchart, regional economist at Canada Mortgage and Housing Corp., says media reports citing the Foreign Buyers’ Tax as the most significant driver in the downturn of housing activity are “only a half truth. This slowdown actually began before the tax was implemented.” However, Butchart notes the tax has negatively affected consumer confidence. “A lot of people chose not to list, so it created a [short-term] sales pullback.”
JULY 21 - AUGUST 4, 2017 | NEW HOME & CONDO GUIDE 39
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NEW HOMES: West Coquitlam 604-420-4896
NEW CONDOS: A1. STANTON HOUSE 607 Cottonwood Ave. 604-260-8446
SEARCH ONLINE ypnexthome.ca
40 YPNEXTHOME.CA
NEW HOMES:
Victoria Drive & Baycrest Ave. 604-945-0087
NEW CONDOS:
GOLDEN EARS BRIDGE
Clarke and Moody aragon.ca/platform
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Coquitlam | Port Coquitlam | Port Moody | Pitt Meadows
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RIVE
Trending
Increased stress among first-time homebuyers has little impact on purchasing behaviour CANADIANS HAVE MEASURED OPTIMISM for the housing market and
the economy – with the exception of new homebuyers in Vancouver and the Greater Toronto Area (GTA), according to a recent study by Mortgage Professionals Canada’s Chief Economist Will Dunning. New homebuyers in Vancouver and the GTA have the highest stress levels around home purchasing decisions and are least optimistic, while those in Atlantic Canada and Quebec have the lowest levels of stress and highest optimism. Canadians generally consider mortgages as being “good debt” with recent homebuyers being most positive. “Economic growth contributes to higher incomes and consumers’ ability to make solid down payments and manage household debt,” says Paul Taylor, president and CEO of Mortgage Professionals Canada. “Even in the pressured housing markets of Toronto and Vancouver, personal circumstances, rather than a sense of urgency, are influencing purchasing decisions,” says Taylor. Another key finding of the study is that market pressure is impacting when new homebuyers plan to purchase. The study found that consumers across the board are more likely to look to their personal circumstances, make compromises on their expectations, or delay their home purchases so they can increase down payments and keep household debt in check. Looking at overall averages for Vancouver and Toronto, the study found that living in a highly pressured
Failed the stress test? The survey asked consumers who do not meet the stress test eligibility criteria how they would proceed. Most respondents indicated they would either buy a less-expensive home, or increase their down payment by: » RRSP withdrawal: 31% » get a loan from a financial institution: 16% » delay their purchase: 43% » seek help (gifts or loans) from family: 30%
MORE TRENDING ONLINE ypnexthome.ca/news
market area has not caused buyers to lose sight of the need to leave room to accommodate future expenses.
Mortgage stress test not reducing household debt The federal government introduced the mortgage stress test in October 2016 as a way of reducing Canadians’ household debt by assessing whether borrowers can afford mortgage payments should interest rates increase sharply. Rather than decreasing debt load, the stress test is driving some consumers to uninsured lending options, which can sometimes come with significantly higher interest rates, thereby shifting the debt load of the most vulnerable consumers away from the stability of mortgage insurance. “We agree with a mortgage stress test, but it should be reflective of more realistic future interest rates so Canadians can continue to have access to affordable home ownership,” says Taylor. “Modifying the criteria has a more realistic chance of improving home ownership for consumers.” The stress test assesses borrowers’ ability to afford payments calculated using the posted interest rate, which is 4.64 per cent and is significantly higher than currently available negotiated rates. In the Mortgage Professionals Canada survey, 48 per cent of potential buyers expected their down payments to be less than the required 20 per cent, which would make them subject to the stress test, and 20 per cent of these potential buyers would be unable to obtain the financing required. JULY 21 - AUGUST 4, 2017 | NEW HOME & CONDO GUIDE 41
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NEW HOMES:
1. FALCON HOUSE
1.
Presentation Center 12011 224th Street 604-477-1500
2. BRICKWATER
227th St. & 119th Ave. 604-477-1500
SEARCH ONLINE ypnexthome.ca
42 YPNEXTHOME.CA
ORION
12466 191 St. 604-315-7882 orionliving.ca
JAC KS O
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Lou
240TH ST
DR MACLU RE
NOW SELLING
Downtown Living in the Heart of Maple Ridge
BrickWaterVillage.com Phase One of Brickwater at The Village is a unique collection of 44 distinguished 1, 2, & 3 bedroom condominium homes at 227th St. & 119th Ave. in Downtown Maple Ridge
Presentation Centre Now Open Open 12-5pm Daily 22625 Selkirk Avenue, Maple Ridge For more information please call 604.477.1500
ANOTHER QUALITY DEVELOPMENT BY
w w w.falconhomes.com
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NEW CONDOS:
A1. BROOKLYNN
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467 Mountain Hwy, 604 770 1663 brooklynnliving.com
B3
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A2. GROSVENOR AMBLESIDE grosvenorambleside.com 604-922-1380
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2517 Mountain Hwy. 604-988-3617
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www.ravenswoodliving.ca 604-670-7862
B2. SUMMITS VIEW AT EAGLEWIND 38220 Eaglewind Boulevard 604-892-5888
B3. SEVEN PEAKS 39548 Loggers Lane 604-292-9354
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VISIT US TODAY
LIVE WHERE YOU PLAY ONE , TWO AND THREE BEDROOM HOMES DESIGNE D FOR AN ACTIVE LIFEST YLE . O P E N N O O N T O 6 P M D A I LY
( E X C E P T F R I DAY )
2 5 1 7 M O U N TA I N H I G H WAY, N O R T H VA N C O U V E R
604.988.3617
P O LY H O M E S . C O M
This is currently not an offering for sale. Any such offering can only be made by way of a disclosure statement. E. & O. E.
B U I LT R I G H T B Y
NORTH SHORE/SQUAMISH/WHISTLER
Your nexthome is here!
46 YPNEXTHOME.CA
Canadian
PROPERTY INVESTOR
Pick up a copy of the FALL 2017 issue or read online at canadianpropertyinvestor.com
Find your next investment with exclusive real estate opportunities, insider insights and expert tips designed for the savvy investor.
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R EG I STE R N OW Q UALE X .C A /G R E E N Rendering is artist's interpretation only. This is not an offering for sale. Any such offer can only be made by way of disclosure statement. E.&O.E. ™ denotes one or more trademarks of Qualex-Landmark Management Inc. used under license by Qualex-Landmark Northern Limited Partnership.
48 YPNEXTHOME.CA
1 , 2 & 3 B ED R O O M M O D ERN RE S I D EN CE S CO M I N G TO D O W N TO W N S Q UA M I S H
Live Sea to Sky
Architecturally striking and modern, Vantage is attentively designed with Squamish’s natural surroundings in mind, and at 6-storeys high, this iconic building will become a West Coast landmark. Views from every home capture rugged rock faces, dense forests, and dynamic waters. The central downtown location offers daily amenities, local restaurants, and one-of-a-kind shops within walking distance. With outdoor adventure and recreation are at your doorstep, Vantage is Sea to Sky.
VantageSquamish.com
This is not an offering for sale. Any such offering may only be made with a Disclosure Statement E.&O.E
Vancouver | Downtown Vancouver SEABUS 7
BURRARD INLET
E HASTINGS ST
4
W 16TH AVE
MA RIN
OAK ST
R
QUEEN ELIZABETH PARK
E 33RD AVE
MAIN ST
INE
W 70TH AVE
SW
BUS
R MA
DR
B- LINE
NEW CONDOS:
NEW HOMES:
1. VIRTUOSO
6. INTRACORP TOWNHOME COLLECTION, 7302-7358 GRANVILLE
4. 1335 HOWE Downtown Vancouver Onni.com
5. THE GREY Dunbar and 16th thegreyliving.com
6. ETON 5696 Berton Ave. 604-221-8598
7. CURRENTS AT WATER’S EDGE 3202 Riverwalk Ave. 604-451-8518
50 YPNEXTHOME.CA
RENFREW ST
2
MILLENIUM LINE
1035 Seymour Street 604-689-7003
E 49TH AVE
6
EXPO LINE
THE SMITHE
E 29TH AVE
BOUNDARY RD
OAK ST
W 57TH AVE
CANADA LINE
3.
WA Y
E 41ST AVE
SKYTRAIN
Cambie Street & West 62nd Ave. 604-779-0091
E 12TH AVE
GS
E KING EDWARD AVE
W 49TH AVE
2. CAMBIE62
KIN
W 41ST AVE
ED
11b - 6033 Gray Ave 604-221-8878
E BROADWAY
VICTORIA DR
SW
E BROADWAY
GRANVILLE ST
W KING EDWARD AVE
PACIFIC SPIRIT PARK
DUNBAR ST
1
E 1ST AVE
W 12TH AVE
5
6
AVE
KNIGHT ST
6T
W1
W BROADWAY
W 6TH AVE W BROADWAY
MAIN ST
W 10TH AVE
VE HA
INAL
ARBUTUS ST
LL MA OK RO STB
UBC
TERM
CORNWALL AVE
CAMBIE ST
WE
W 4TH AVE
EY RD
BURRARD ST
JERICHO BEACH PARK
D
POINT GR
MCDONALD ST
R BLV
ALMA ST
CELLO
VENABLES ST
3
E DR
CHAN
COMMERCIAL DR
NW M ARIN
www.intracorp.ca/townhomes/c/granville59th/ 604-891-1288
7.
MIRABEL 1345 Davie St. mirabelbymarcon.com 604-273-1313
SE MARINE DR
7
NOW SELLING SALES GALLERY 1035 SEYMOUR STREET (BETWEEN HELMCKEN AND NELSON)
THOUGHTFULLY DESIGNED DOWNTOWN RESIDENCES THESE ELEGANT INTERIORS ARE DESIGNED WITH AN OBSESSION FOR DETAIL TO CREATE AN UNPRECEDENTED EXPERIENCE FOR OUR HOME OWNERS — INCLUDING NATURAL STONE FLOORING THROUGHOUT ALL HOMES, IMPORTED ITALIAN CUSTOM KITCHENS FROM BINOVATM , AND WOLF AND SUB-ZERO APPLIANCES. TWO FINAL SUB-PENTHOUSE HOMES AVAILABLE, WITH THE OPTION TO COMBINE THEM INTO ONE 4,545 SQFT HOME.
TheSmithe.ca 604.689.7003 | info@TheSmithe.ca
THIS IS NOT AN OFFERING FOR SALE. ANY SUCH OFFERING CAN ONLY BE MADE BY WAY OF DISCLOSURE STATEMENT. E. & O.E.
Advice | GVHBA REPORT
5 ways to enhance condo life
with smart home technology By Bob De Wit
MORE ADVICE ONLINE ypnexthome.ca/news/advice
SMART HOME TECHNOLOGY is in
demand by tech-savvy homebuyers who want convenience, efficiency and full control of their home systems. While a larger, single-family home may come to mind when you think of a typical application for these systems, the same perks are effective in your townhome or condo, and are more accessible than ever. An integrated smart home system can help you make the most of your time spent at home, and empower you when you are on the move. I spoke with local smart home technology experts and Greater Vancouver Home Builders’ Association member Graytek Connected Home Solutions for the top five ways home automation can enhance condo living. 1. SIMPLICITY Between intercoms, entertainment systems, lighting, thermostats, entertainment systems, and more, most home technologies are fragmented. From one centralized control panel or app, have access to all systems in one place and ditch the countless remotes and wall clutter. 2. ENERGY EFFICIENCY Preset home
temperatures to follow your living patterns and be optimal when you’re home, and conserve energy when you’re out. Leave no light on; before you run out the door or go to bed, all lights can be turned off at once with 52 YPNEXTHOME.CA
a single motion. Maintain a consistent temperature with shades that autodrop to protect windows from direct sun exposure. Collect and analyze your energy data to understand your consumption and make improvements. 3. SECURITY Robust security systems can be monitored from your smart phone, with notifications alerting you of unusual activity and to review security video footage. One popular tactic is to program lights to mimic lighting patterns of a lived-in home when you are away. 4. REMOTE ACCESS With systems accessible by app, this means you can monitor and adjust on-the-go. Remote control gives you the ability to make adjustments when breaking from routine, such as scheduling a delay in heating/cooling systems when you know you’ll be home later than usual. Leaving town? Rather than handing over a key that could be misplaced, grant temporary access to a friend or a neighbour to let themselves in during a specified time frame.
5. PEACE OF MIND A smart home can
free your mind from worry. Gone are the days of wondering if you remembered to lock the door or turn off the lights. Clear your mind and check your smart phone for instant reassurance that all systems are in order, allowing you to focus on more important things. The type of system you select will influence the opportunities for integration. Whether only climate is automated or the entire system, from security to motorized shades, there is a system for you. Be sure to check with your strata before taking action to be sure your improvements are supported. Finally, it is important to employ a professional to automate your home, wire it to code and enforce network security, so that you alone are the only one with access. Visit gvhba.org to browse qualified members and find your smart home professional today.
Bob De Wit is CEO of the Greater Vancouver Home Builders’ Association. Visit gvhba.org
Trending
Vancouver condo market sees rise in demand, competition and prices DETACHED HOMES
TOWNHOMES
APARTMENT CONDOS
Active listings: 5,394 Sales: 1,320 Benchmark price: $1,587,900 Avg. days on market: 30
Active listings: 1,077 Sales: 668 Benchmark price: $745,700 Avg. days on market: 21
Active listings: 2,044 Sales: 1,905 Benchmark price: $600,700 Avg. days on market: 17
VANCOUVER’S CONDO MARKET is almost
too hot to touch this summer, with low inventory, high competition and prices on the rise, according to the latest sales stats reported by the Real Estate Board of Greater Vancouver (REBGV). Meanwhile, the region’s singledetached housing market appears to be leveling off. Vancouver area home sales totalled 3,893 in June 2017, down 11.5 per cent from the 4,400 sales tallied in June 2016 (an all-time record), and down 10.8 per cent month over month. Despite the decline, June 2017 home sales were still 14.5 per cent above the 10-year average for the month of June. “Two distinct markets have emerged this summer. The detached home market has seen demand lease back to more typical levels, while competition for condominiums is creating multiple offer scenarios and putting upward pressure on prices for that property type,” says Jill Oudil, REBGV president. There were 5,721 newly listings on the Multiple Listing Service (MLS) in Metro Vancouver in June – a 2.6-per-cent 54 YPNEXTHOME.CA
drop in listings year over year, and down 5.3 per cent compared to May 2017, when 6,044 homes were listed. New and existing listings on the MLS totalled 8,515, up nine per cent compared to one year ago, and a 4.2-per-cent increase over May 2017. “Homebuyers have more selection to choose from in the detached market today while condominium listings are near an all-time low on the MLS,” says Oudil. “Detached home listings have increased every month this year, while the number of condominiums for sale has decreased each month since February.” The sales-to-active-listings ratio for June 2017 is 45.7 per cent. By property type, the ratio is 24.5 per cent for detached homes, 62 per cent for townhomes, and 93.2 per cent for condominiums. Analysts say that prices fall when the ratio dips below 12 per cent for a sustained period, while home prices often increase when that ratio surpasses 20 per cent over several months. The MLS Home Price Index composite
benchmark price for all residential properties in Metro Vancouver is currently $998,700. This represents a 7.9-per-cent increase over June 2016 and a 1.8-per-cent increase compared to May 2017. Sales of detached homes in June 2017 reached 1,320, down 15.5 per cent year over year. The benchmark price for detached properties is $1,587,900. This represents a 1.4-per-cent increase from June 2016 and a 1.1-per-cent increase compared to May 2017. Sales of apartment properties reached 1,905 in June 2017, a decrease of 9.6 per cent compared to June 2016. The benchmark price of an apartment property is $600,700, up 17.6 per cent from June 2016 and a 2.9-per-cent increase compared to May 2017. Attached property sales in June 2017 totalled 668, a decrease of 8.5 per cent compared to the 730 sales in June 2016. The benchmark price of an attached unit is $745,700. This represents a 10.7-per-cent increase from June 2016 and a 0.6-per-cent increase compared to May 2017.
What’s Online
Trending now The latest real estate news from across Canada
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6 questions to ask yourself about buying a brand new home
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Small space survival: How a family of four does it READ THE STORY ONLINE nexthome.yp.ca/big-family
The risks and rewards of a pre-construction purchase
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Visit our website: JULY 21 - AUGUST 4, 2017 | NEW HOME & CONDO GUIDE 55
BRITISH COLUMBIA’S NEW HOME & CONDO DEVELOPMENTS PROJECT
TYPE
CONTACT
PRICE
ABBOTSFORD
PROJECT
TYPE
CONTACT
PRICE
Call
DELTA & TSAWWASSEN
Allwood Place
TH
604-260-6797
Call
Brio
LR
604-943-8811
Bristol Heights
TH
604-871-4241
Coming Soon
Chelsea Gate
TH
chelseagate.com
Coming Soon
Eagles Gate
SF
604-309-7729
From $373,500
Delta Gardens
TH
deltagardens.ca
Coming Soon
Falcon Ridge
SF
604-309-0540
From $789,000
Harbour Walk
LR
604-274-7326
From $524,900
Muse
LR
liveatmuse.com
TH/DU
604-943-6677
From $589,900 From $699,900
Foxwood
SF
604-850-5040
From $199,900
Gramercy
TH
gramercy.ca/aldergrove Coming Soon
Pelican Cove
Mahogany at Mill Lake
HR
778-255-9990
Call
South Pointe
SF
604-584-2908
Mill District
MR
604-621-5888
Coming Soon
Tsawwassen Heights
SF
604-271-7288
Call
Tsawwassen Shores
SF
604-943-6677
From $589,900
Tsawwassen Springs
SF/LR
604-948-HOME
Call
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
Etoile
HR
604-828-1373
Call
Fraser
LR/TH
604-299-8861
Coming Soon
LANGLEY Argyle
TH
liveatargyle.com
Call
Bertrand Creek
SF
604-262-2965
From $898,980
Crest
TH
604-318-5167
Call
Gabriola Park
TH
604-371- 1892
Call
Hutton
TH
huttontownhomes.com Call
The Terraces
CH
778-987-2489
Coming Soon
Gold House
HR
goldhouseliving.com Call
Union Park
LR
604-871-4288
Coming Soon
Kings Crossing
HR
cressey.com/kingscrossingbycressey Coming Soon
Willoughby West
SF
604-371-0733
Call
Simon 2
TH
SimonbyOtivo.com
Coming Soon
MAPLE RIDGE
Solo District
HR
solodistrict.com
Coming Soon
The 222
LR
604-767-5913
From $184,900
Station Square
HR
604-438-1113
Call
Brickwater Village
LR
604-477-1500
Call
Sun Towers
HR
SunTowersMetrotown.com Call
Cottonwood Lane
TH
greenwoodproperties.ca Coming Soon
Syncro
LR
bold.ca
Call
Falcon House
LR
604-477-1500
Call
Terraces
LR
terracesatsfu.com
Coming Soon
Montgomery Acres
SF
604-477-2959
From $824,980
Triomphe
HR
604-828-1373
Coming Soon
Ridgemont
TH
604-476-1777
Coming Soon
Vittorio
HR
604-430-8831
Call
Willow
TH
lifeatwillow.com
Call
Wynnbrook
SF
604-380-4708
Call
CHILLIWACK Camden at The Falls
SF
www.livethefalls.com From $529,900
MISSION / HARRISON
Midtown
TH
midtownchilliwack.com Coming Soon
58 On Cherry Hill
TH
604-768-9572
Coming Soon
604.824.5062
Horizons
TH
1-888-826-1177
From $319,800
River’s Edge
TH
Call
NEW WESTMINSTER
COQUITLAM 567 Clarke + Como
Capitol
TH
604-533-9390
Call
Elliot
HR
604-662-8009
Call
Coming Soon
Ewen
TH
604-549-8181
Coming Soon
Call
Hamilton Village
LR
604-526-5266
Coming Soon
intracorp.ca
Coming Soon
Parkside at Victoria Hill
HR
604-523-0733
Call
604-514-4359
Coming Soon
Queens Park Estates
TH
604-279-3829
Coming Soon
Coming soon
River Queensborough
TH
604-438-5050
Call
604-420-4896
Call
The Peninsula
MR
604-544-2258
Call
604-280-8446
From $589,900
The Royal at Victoria Hill
LR
604-523-0733
Call
Thompson Landing
SF
604-520-3226
From $476,900
HR
567living.com
Coming Soon
Amberleigh
SF
604-514-4359
Brookmere
HR
604-259-5991
Foster Ave Rowhomes
TH
Kingston
SF
Mont Bleu
HR
montbleu.ca
Simon
LR
Stanton House
LR
The Ridge at Burke Mountain Phase 2 SF
foxridgehomesbc.com Call
Penthouse (PH)
Live Work (LW)
City Home (CH)
High Rise (HR)
Mid Rise (MR)
Low Rise (LR)
Loft (LO) Duplex (DP) Townhouse (TH) Row Home (RH)
BRINGING PEOPLE HOME CONNECTING BUYERS TO THE BEST NEW HOME OPPORTUNITIES IN METROPOLITAN VANCOUVER
FIFTHAVE.CA 56 YPNEXTHOME.CA
N E W H O M E S A L E S AND MARKETING EXPERTISE
The listings included on the following pages are meant to offer a comprehensive overview of those new home developments currently being marketed throughout Greater Vancouver and the Fraser Valley. Pricing is subject to change; you should contact the specific development for current details or special promotions. To report any changes or corrections to this information, please contact our office at 604.519.6080, fax 604.519.6088, or email homes@ypnexthome.ca PROJECT
TYPE
CONTACT
PRICE
PROJECT
MR/TH
604-983-9065
From $379,900
Pinnacle Living at Capstan
MR
604-770-1663
Call
Pinnacle Living Sorrento
Cascade at the Pier
LR
604-984-0906
Coming Soon
CentreView
HR
604-998-8540
Call
Compass
HR
604-980-5000
Crown & Mountain
LR
604-985-8258
Edgemont Townhome
TH
boffoproperties.com Coming Soon
Green on Queensbury
LR/TH
qualex.ca/green
Register Now
River Inlet
Grosvenor Ambleside
HR
604-922-1380
Call
Latitudes
TH
604-435-9477
From $469,900
LR/TH
604-800-2120
Pinnacle Residences at the Pier
MR
Residences at Lynn Valley
NORTH VANCOUVER
Pier, The
TYPE
CONTACT
PRICE
Call
LR
604-274-7326
HR/MR/TH
604-303-0148
Call
MR/HR
604-303-0148
Call
Quintet
HR
604-303-8878
Call
Riga
TH
604-715-1250
Call
Call
Riva
MR
604-278-8825
Call
Coming Soon
River Green
MR
604-233-2633
Call
River Park Place
MR
604-356-7719
Call
MR/TH
604-233-2633
Call
Trafalgar Square
LR
604-276-8865
Call
Viewstar
TH
604-285-9983
Call
Call
Vogue
TH
604-715-1250
Call
604-983-9065
Call
Wembley
TH
604-231-0480
Call
TH
604-924-0166
Call
Westminster Terrace
TH
604-204-1077
Call
Seymour Village
TH
604-924-0818
Tatlow
LR
Atrium at the Pier BrookLynn
Northlands
Taluswood at Timber Court Trophy at the Pier x61
MR LR/TH
From $699,900
SQUAMISH / WHISTLER
Coming Soon 604-988-3617
Call
604-983-9065
Call
604 971 3181
Call
PITT MEADOWS Orion
LR
604-315-7882
From $299,900
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
Seven Peaks
TH
604-262-9354
Call
Summits View
TH
604-892-5888
From $559,900
TH/LR
1-877-344-5566
From $239,000
LR
1-888-852-7575
Call
Aqua
PORT COQUITLAM Lumiere
LR
604-941-2007
Call
University Heights
Montrose Square
LR
778-255-2599
Coming Soon
SUNSHINE COAST
Victoria
RH
604-945-0087
Coming Soon
SECHELT Edgewater at Porpoise Bay
TH
604- 885-8556
Call
Platform
TH
aragon.ca/platform
Coming Soon
SilverStone Heights
SF
604-741-1877
From $479,900
Station, The
TH
604-492-3338
Call
SURREY Aloha Estates
TH
blackonyxmarketing.ca Coming Soon
Alfa
HR
604-276-2532
Call
Clayton Walk
TH
claytonwalk.com
Coming Soon
Calla at the Gardens
MR
604-271-3331
From $300,000s
Esplanade at Waterstone
LR
604-530-5399
From $219,900
PORT MOODY
RICHMOND
Concord Gardens
HR
604-233-7748
From $300,000’s
Evolve
HR
604-497-0102
Call
Dahlia at The Gardens
MR
604-271-3331
Coming Soon
The Guildford
LR
778-394-8867
Coming Soon
Empire Living
TH
604-244-9622
Call
Harvest at Bose Farms
TH
604-576-7722
Call
Grand, The
HR
604 278 3880
Call
Hawthorne
RH
mosaichomes.com
Coming soon
Jasmine at The Gardens
TH
604-271-3331
Coming Soon
Highcrest
LR
604-584-7273
From $345,900
Kenstone Gate
TH
604-218-3338
From $529,900
The Links Residences
TH
infinityproperties.ca
Coming Soon
Kingston Gate
TH
604-760-6024
Call
Park Avenue West
HR
604-583-9866
From $250’s Call
TH
604-364-2159
Call
Park Place Fleetwood
SF
604-539-3939
LR/TH
604-278-0808
Call
Park Place Village
TH
604-617-7763
From $359,000
Monet
HR
604-233-7748
From $300,000’s
Prime on Plaza
HR
604-498-3888
Call
Opal at Richmond Centre
HR
604-303-7575
From $464,900
Summit
TH
778-591-6685
From mid $600’s
Thomas at Fleetwood 2015-01-16 11:37 AM University District
TH
liveatthomas.com
Coming Soon
HR
604-588-5795
From $233,900
TH
604-833-9193
Call
Livia Mandarin Walk
Orchid by Beedie HR info@orchidbeedie.ca Coming Soon 234214_Axis_NHBG_BannerAd_(Full_Bleed)_prs01.pdf 1 Parc Riviera MR 604-231-5900 From Low $200’s Park Residences at Minoru
HR Penthouse (PH)
604-303-8878 Live Work (LW)
Westpointe
Call
City Home (CH)
High Rise (HR)
Mid Rise (MR)
Low Rise (LR)
Loft (LO) Duplex (DP) Townhouse (TH) Row Home (RH)
JULY 21 - AUGUST 4, 2017 | NEW HOME & CONDO GUIDE 57
Y
Y
PROJECT
TYPE
CONTACT
PRICE
VANCOUVER & AREA
Parc Elise
MR/TH
604-336-6380
Call
DOWNTOWN
35 Park West
LR
604-563-8336
TYPE
CONTACT
PRICE
Call
Pinnacle Living at False Creek
MR
604-874-8368
Call
Pinnacle Living Broadway
MR
604-739-2080
Call
1335 Howe
HR
604-689-8535
Call
Avenue One
HR
avenueone.ca
Coming Soon
Burrard Place
HR
burrardplace.ca
Coming Soon
Cambie62
MR
604-779-0091
Coming Soon
Primrose
TH
PrimroseVancouver.com Coming Soon
MR
604-221-8878
From high $300s Call
The Charleson
HR
604-689-8535
Call
Prodigy
Eventide
LR
604-783-1044
Call
Q16
TH
604-263-8090
Mirabel
HR
mirabelbymarcon.com
Call
Sota
HR
604-671-1025
From 2.5 million
Oak Flats
LR
bold.ca
Coming Soon
Vancouver House
HR
604-893-8958
Call
The Leveson
TH
604-88-3012
Call
The Spot
MR
604-568-6886
From $269,900
Avalon Mews
TH
604-438-5050
Call
The Ivy
LR
604-566-5888
Call
Currents at Water’s Edge
LR
604-871-4189
Coming Soon
The Grey
MR
thegreyliving.com
Call
Focal
LR
604-563-6777
Coming Soon
The Regent
TH
604-273-1313
Call
Francis
TH
604-330-8848
Call
Gem, The
LR
liveatthegem.com
Coming Soon
Tisdale
TH
778-846-5990
Call
Grandview Cascades
TH
grandviewcascades.com Coming Soon
MR/TH
604-739-2080
Call
Galleries on the Bay
LR
604-836-7355
From $490,000
Kerrisdale by Cressey
LR
cressey.com
Coming Soon
778-265-3464
From $324,900
Coming Soon
EAST SIDE
W10th & Maple
Kensington Gardens
LR
604-620-7886
Call
Paragon
LR
604-688-5566
Coming Soon
Renfrew & 2nd
LR
604-830-3938
From $259,900
HR/MR/CH
604-879-8830
Call
Skyway
HR
604-436-1100
Call
VICTORIA
Triumph
TH
604-563-6200
Call
Black & White
View338
LR
604-303-8838
From $219,900
TH
604-891-1288
Call
River District - Avalon Park
WEST VANCOUVER
7302-7358 Granville 1555 West Eighth
MR/PH
WHITE ROCK / SOUTH SURREY
WEST SIDE
Beachborough
TH
beachborough.ca
Edgewood Gate
SF
foxridgehomesbc.com Call
LR/MR
604-828-3998
Call
41West
MR
604-563-8336
Call
Evolve at the Hamptons
TH
EssenceLiving.com/Evolve Coming Soon
6th & Yukon
LR
cressey.ca
Coming Soon
Grandview Heights
TH
discovergrandviewheights.com
99 West
MR
604-620-8600
From $528,800
Headwaters Club
LR
headwaters.club
Coming Soon
W10th & Maple
MR/TH
604-239-2080
From $429,900
Aperture
LR/TH
604-345-9000
Call
Hycroft 2
TH
605-541-2495
Call
Arbutus Ridge
MR
604-738-0001
Call
Imperial
TH
liveatimperial.com
Coming Soon
Aston
TH
604-418-6809
Call
Foster & Martin
HR
fostermartin.ca
Coming Soon
HR
604-542-8882
Coming Soon
SF
foxridgehomesbc.com Coming Soon
Belpark
LR
604.891.1281
Call
Miramar Village
Boulevard
MR
604-685-5778
From $367,400
Pacific Heights
Cambie Star
MR
604-876-9222
Call
Plateau at Grandview Heights
SF
foxridgehomesbc.com Call
Cambridge Mews
TH
604-808-3058
Call
Canvas
MR
604-875-8508
Call
Quinn
TH
604-720-7478
Call
Citti
MR
604-880-6880
Call
SoHo
TH
604-560-0272
Call
Call
Southcrest
SF
604-372-3683
Call
Eton
LR/HR
604-221-8598
Evelyn
TH
604-922-0330
Call
Southside
SF
604-372-3683
Call
Granville at 70th
HR
604-687-2298
Call
South Point Walk
TH
604-560-3238
Call
Kerrisdale Gardens
MR
604-559-9848
From $540,900
South Ridge Club
TH
604-582-1113
From $420’s
Livingstone House
LR
604-998-8988
From $639,900
McCleery and Magee
SF
604-255-3838
Call
Switch
TH
604-581-8080
Call
Monarch
MR
604-568-6883
From $444,900
Viridian
TH
viridianhomes.ca
Coming Soon
One, The
HR
604-874-8368
Call
Westpointe
SF
604-833-9193
Call
Westside at Orchard Grove
SF
604-372-0383
Call
Parc 26
MR/TH 604 33616380 2017-05-29 Call MLA_NCG_Footer_banner_FNL.pdf Penthouse (PH)
MLACANADA.COM
M
PROJECT
Live Work (LW)
City Home (CH)
Real Estate Intelligent
10:40 AM
High Rise (HR)
Mid Rise (MR)
58 YPNEXTHOME.CA
Loft (LO) Duplex (DP) Townhouse (TH) Row Home (RH)
ADVISO RY COMMUN ICATIO N S PROJEC T MA RKETIN G SALES & L E AS E U P C USTO ME R CA RE
Y
Low Rise (LR)
CANADA
SOHO
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VANCOUVER'S NEWEST NEIGHBOURHOOD, ESTABLISHED 1890.
Thoughtfully Crafted West End Residences | Coming Summer 2017 to Davie & Broughton Register Now
MIRABELBYMARCON.CA
This is not an offering for sale. Any such offering can only be made with a disclosure statement. E.&O.E. Marcon Davie (GP) Ltd.