http://www.newlocalhome.com/editions/nlhr100429

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Find your home at Fieldstone Park ›› p.5

Avant: new waterfront homes in Vancouver ›› p.8

An exclusive enclave of executive-style, singlefamily detached homes awaits in a new, peaceful Pitt Meadows community. With attractive prices and an ideal location, the homes are selling fast.‘You can’t just go out and create more neighbourhoods like this one,’ says BCStar Development Corporation president Brian Craig.

April 29, 2010

Rate hike expected as early as June 1 Bank of Canada maintains interest rates, but increase may come earlier TRICIA LESLIE The Bank of Canada held its benchmark overnight lending rate steady at 0.25 per cent at its most recent setting on April 20. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 0.5 per cent . The Bank dropped its commitment to keep the policy rate With “recent its current level improvements at until the second half in the of the year, opening the door to a rate economic increase at its next outlook, the fixed announcement need for such date June 1. With “recent extraordinary improvements in the policy is now economic outlook, passing, and it the need for such is appropriate extraordinary policy is now passing, and to begin to it is appropriate to begin to lessen the lessen the degree of monetary degree of stimulus,” the Bank monetary says. “The extent and stimulus.” timing will depend upon the outlook for economic activity and inflation, and will be consistent with achieving the two per cent inflation target.” The change in the Bank of Canada’s statement reflects a sharp upgrade to the Bank’s economic forecast, with growth in 2010 forecasted at 3.7 per cent, up from 2.9 per cent in its January projection, says an RBC Economics release. CONTINUED ON P.2

Stephen Parker is surrounded by beds at Parker’s Mattress Factory Store. These days, there are so many styles and materials available, purchasing a new one depends on each consumer’s taste. Rob Newell photo

Choose a bed, then lie in it Too soft? Too hard? Finding a bed that’s just right is up to the buyer MAGGIE CALLOWAY You’ve known for awhile that you need to replace ‘old faithful’ – the bed you have lugged around since your college days. Buying a new bed is one of the most intimate public purchases homeowners make

and one fraught with panic if a mistake is made. The sea of bed sizes and choices seem endless: pillow top, memory foam, latex, the ‘bowling ball’ bed, inner spring and coil spring … is coil different from inner? And now there’s plasma ... isn’t that a TV? A common perception is, the more coils the better the mattress. As a rule of thumb, 300 for a full, 375 for a queen and 450 for a king, but it turns out that although the num-

ber is important, it is also how tightly the coil is wound. A fact many may not know is that memory foam mattresses were originally developed by NASA to protect astronauts against extreme G-forces. Memory foam mattresses work by making contact with more of the sleeper’s body mass, consequently relieving stress on the usual CONTINUED ON P.2


2 • New Local Home | April 29, 2010

Rate hike likely to happen come June CONTINUED FROM P.1

Reasons for the more “front-loaded” profile for growth were attributed to “stronger near-term global growth” and “very strong housing activity,” notes the Canadian Real Estate Association. The Bank notes that the economy still faces headwinds from the strength of the Canadian dollar, weak United States demand and Canada’s “relatively poor relative productivity performance.” The 2011 growth forecast was revised lower to 3.1 per cent from the 3.5 growth rate in the Bank’s January outlook. As a result of the faster pace of growth in the near term, the Bank expects the economy will reach its productive capacity and inflation to the two per cent target in the middle of 2011, sooner than was thought in January, says RBC Economics. “To our mind, the Bank will be cuing the timing of its first rate hike off of upcoming inflation reports looking at movements in the core inflation data, which are forecasted to ‘ease slightly in the “The April second quarter of interest rate 2010,’” the RBC announcement release says. The upgrades to all but the 2010 economguarantees the ic forecast were Bank will raise based on recently strong housing interest rates market activity in June.” across the country and global growth as well as the Bank’s assessment that policy stimulus supported “more expenditures being brought forward in late 2009 and early 2010,” says RBC Economics. The Bank’s statement also cited uncertainty about the pace of global recovery combined with the potentially restraining effect of the strengthening in the Canadian dollar and low productivity as downside risks for the economy going forward, RBC Economics notes. The Bank’s rate decision and statement “reinforce our view that economic conditions are strong enough that the Bank will increase the overnight rate and there is risk that the first hike comes in June rather than July,” says RBC Economics. The CREA concurs. “The April interest rate announcement all but guarantees the Bank will raise rates in June,” says CREA chief economist Gregory Klump. RBC Economics predicts the Bank will raise the policy rate to 1.25 per cent in 2010, and the pace of tightening “will accelerate in 2011 as the economy continues to build momentum with the overnight rate, finishing the year at 3.5 per cent.” n The Royal Bank of Canada, the country’s largest bank, boosted borrowing costs on Monday – the third time in recent weeks. The rate on a five-year closed mortgage is now 6.25 per cent, an increase from the previous rate of 6.10 per cent. A one-year closed rate, as of Tuesday, is priced at 3.80 per cent. All rates were increased by 15 basis points. The move comes after the Bank of Canada’s announcement last week.

Stephen Parker shows how a new mattress is trimmed at Parker’s Mattress Factory Store. Rob Newell photo

“It comes down to what

works for you” Off the front: “People

need to lie on mattresses to feel what is comfortable.” – Phil Parker CONTINUED FROM P.1

pressure points such as shoulders and hips. It ‘remembers’ the bed owner’s body shape because it is slow to return to its original shape. For those who like the comfort of a memory foam mattress but dislike the awkwardness of changing sleeping positions during the night, a latex mattress could be the answer. Latex mattresses – both natural and synthetic – are becoming more popular, offering a different level of comfort due to the material’s dense, yet yielding surface. Some mattress buyers choose natural latex because it is a green option and is hypo-allergenic, and has anti-bacterial and anti-dust mite qualities. Another decision the buyer must make regards the comfort and support levels of the mattress. Choices include firm, plush and pillow top, which indicates the type of support or padding. Firm is just what it says, people with back problems may want the additional support. Plush have a firm mattress with padding layers on top for extra comfort. Lastly, pillow top mattresses are much like plush but with even more extra padding layers. Phil Parker, a partner in Parker’s Mattress Factory Stores, says that purchasing a mattress can be confusing for most people. “The truth is it shouldn’t be. People come into our stores and are confused by what they have read or seen on the Internet about coils and what kind of coils,” Parker says. “The main thing is very simple: you need to buy from a store you trust and people need to lie on mattresses and feel what is the most comfortable for them.” Some people prefer soft, some prefer hard, so it all depends on who will actually be sleeping on the bed, Parker notes. “Yes, there are lots of choices out there, but

Showhomes at UBC’s the Wesbrook, top, and South Surrey’s Coast 49 feature current beds.

it still comes down to what works for you,” he says. “We have a 90-day comfort guarantee return policy, so if you do get it home and find it’s not quite right, you have the option of changing the mattress.” The family at Parker’s certainly know all there is to know about mattresses. The family opened two stores, one in the 1940s and one in the 1950s. Dad Izzy wanted his sons’ careers to move in another direction and encouraged them to pursue college degrees, as he felt business ownership is hard on family life. Phil’s brother Stephen obtained a degree in tourism management then became a chartered accountant. Phil got an operations management degree. Both worked outside the family business, but when Izzy decided to retire, both sons made the decision to take over

the business. The degrees Izzy was so insistent would send his sons in other career directions would actually be critical to the success and expansion of the company. Phil, using his education, looked at the operation and decided the company should not only sell mattresses but manufacture them on-site. His reasoning was sound: if the company controlled the quality and supply, their customers would benefit. In the 1990s, the company opened Vancouver’s factory direct mattress company and the name was changed to reflect this new venture. Despite the huge variety of beds available in today’s mattress market, Phil emphasizes the choice must be made based on the buyer’s preference. “The parameters of what makes a good bed are quite small – most of the beds are going to support well and be comfortable; the rest is a matter of personal preference.” Box springs are an area of confusion for many, but Phil says they have changed over the years. Box springs used to have coils in them that sprang up and down, “and in actual fact, used to wear out quite often faster than the mattress, which caused the mattress to sag,” he says. “Nowadays, most of them are platformbased, which are solid so it’s no different than putting them on the floor. They look the same as they always did but they’re built differently. They are called bases or foundations now.” The softer beds are the most popular today, Phil notes. The traditional belief that hard beds are better for folks with back problem has been debunked. It has been proven that softer beds are better because they form to the body. The key, says Phil, is telling the difference between soft and sagging. “There is a difference ... a mattress that sags in the middle is not good for you, (but) a mattress with a soft surface is good for you.”

SLEEP TIGHT

Publisher: Fiona Harris • 604-575-5822 • publisher@newlocalhome.com Editor: Tricia Leslie • 604-575-5346 • editor@newlocalhome.com Reporter: Maggie Calloway • maggiec@blackpress.ca Advertising Sales: Black Press National Sales • Adrian Saunders • 604-575-5812 • adrians@blackpress.ca Online Advertising: 604-575-5822 Designer: Brad Smith • bsmith@blackpress.ca New Local Home is published once a week by Black Press Group Ltd. (Suite 309 - 5460 152 Street, Surrey, B.C. V3S 5J9) 350,000 copies are distributed free across Metro Vancouver. Reproduction in whole or part is prohibited.


New Local Home | April 29 , 2010 • 3


4 • New Local Home | April 29, 2010

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Peaceful Pitt Meadows living

New Local Home | April 29, 2010 • 5

Fieldstone Park: find your home Living in a quiet, countryside community may seem like a 1950s, Waltonsesque dream that no longer applies to current reality. But that dream can come true at Fieldstone Park, an exclusive enclave of executive-style homes located in Pitt Meadows. Nestled between the historic Fraser River and the awe-inspiring Golden Ears mountains, Pitt Meadows is a vibrant community with a growing population of more than 16,500. Agriculture has historic and current significance in the dynamic municipality, which is considered the ‘gateway’ to the Fraser Valley, according to the municipal website. Fieldstone Park, a BCStar Development Corporation project, is just minutes to the new Golden Ears Bridge and a 10-minute walk to the West Coast Express station; it is also within close proximity to both a high school and elementary school. A variety of shopping venues – Meadowtown, Wesgate and Meadowvale – are nearby, along with plenty of community facilities, golf courses, entertainment opportunities and recreational facilities, including parks and sports complexes. For those who enjoy an active, outdoor lifestyle, nature awaits on the doorstep, year-round. There’s always time to walk the dog, go for a run, take a bike trip on some trails, or enjoy the Fraser River or Pitt Lake by canoe or kayak. In total, Fieldstone Park will be a 57home community that is almost completely built and more than 75 per cent sold out. “We are currently getting ready to place our last foundation,” says BCStar Development Corporation president Brian Craig. “We have several unique opportunities left in the final phase in two-storey home styles, with both basements and five-foot crawls.” A couple of new plans are underway, and while some homes are move-in ready, others offer the chance for homebuyers to choose the colours for their interior decorative scheme, says Craig. The new Golden Ears Bridge makes Fieldstone Park more accessible than ever, making it convenient to all amenities but still peaceful and somewhat private, Craig notes. The homes themselves are designed in a classic, timeless ‘Westside’ style, reminiscent of what one sees on the Westside of Vancouver, in the Shaughnessy area, thus, the tagline of ‘Westside Experience’ is used to help describe the homes, says Craig. “Each home has terrific curb appeal ... interestingly, we recently had an architect from the Westside Kits Vancouver area CONTINUED ON P.6

Homes at BCStar Development Corporation’s Fieldstone Park are set in an exclusive Pitt Meadows enclave while remaining central to Metro Vancouver. The spacious houses feature a variety of floorplans; all have been designed in a timeless, ‘Westside’ style, reminiscent of the homes one sees all over the Shaughnessy area of Vancouver. ‘Each home has terrific curb appeal,” says BCStar Development Corporation president Brian Craig. The new Golden Ears Bridge and the West Coast Express make any commute easier, Craig notes.


6 • New Local Home | April 29, 2010

Affordable homes in a quiet community

New homes feature a timeless style CONTINUED FROM P.5

come out and purchase a home on the spot.” Great care and consideration has gone into the entire streetscape, which represents an excellent real estate investment with great re-salability value to homeowners, Craig says. With custom trim and detailing featuring a variety of designs, the homes have wood, shake, cultured stone, Westside slop-dash stucco, and board and batten. Stunning character rooflines add character; front yards are lushly landscaped. Inside, spacious grand rooms are open and airy, giving way to new, split-level designs. Main floors have nine- and 10-foot ceilings, while a media room on the mid-split level offers an absolutely new innovation in today’s living space design, Craig notes. The cookery and eatery (kitchen and nook) open into the grand room and feature extra-height, shaker-style maple wood cabinets, a breakfast bar/work island, ceramic tile backsplash and large, separate pantry storage. Formal parlours provide flexibility with space, as they can also be used as a den or perhaps, a dining room. Vaulted ceilings are extensively used in all floorplans; master bedrooms have luxurious, five-piece ensuites and large walk-in closets. There are also several options and innovations that Fieldstone Park homebuyers can choose to enhance their new home. Homebuyers may be interested to know they still have a chance to live in this fantastic neighbourhood and home, says Craig. “We can still offer an opportunity to invest in a new home where its character is proven over time as timeless and unique, and offers a great lifestyle and Westside experience,” he says. “You can’t just go out and create more neighbourhoods like this one in the area – the residential land supply is almost fully exhausted in town. Once the artist finishes his painting and the art sold, the investment opportunity is gone.” Prices start from $575,800. The showhome is open on weekends. Visit www.fieldstonepark.ca for more information.

BCStar Development Corporation’s Fieldstone Park offers homebuyers the opportunity to purchase a detached home in a quiet Pitt Medows neighbourhood. Designed in a classic style inspired by the Shaughnessy area of Vancouver, the homes do not come with Vancouver prices; they start from $575,800. Inside, airy grand rooms are spacious and open, giving way to new split-level designs. Main floors have nineand 10-foot ceilings, and vaulted ceilings are used extensively in all floorplans. But homes are going fast, says BCStar Development Corp. president Brian Craig. “Once the artist finishes his painting and the art sold, the investment opportunity is gone.”


New Local Home | April 29, 2010 • 7

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8 • New Local Home | April 29, 2010

Waterfront homes in Vancouver

Avant homes offer more Once in a while there comes along a project that is very special. Metro Vancouver residents are blessed with an abundance of spectacular residential complexes where care has been taken to meld into neighbourhoods; where attention has been paid to building green and where the interior finishes and exterior plantings ‘wow’ the homeowners. But the fact is there is limited availability of building sites that border the Vancouver waterfront; as the saying goes, ‘They’re not making any more.’ Avant by Aragon Properties Ltd. is one of those special projects in east Vancouver. This stunning neighbourhood – bordered by Hastings Street to the south, Wall Street to the north and New Brighton Park to the east – is a well-established area of single-family homes with mature trees, quiet streets, and proud homeowners. Moving into a neighbourhood such as this requires sensitivity to the area and Aragon proceeded slowly with lots of public meetings, where they listened to the residents’ concerns and adjusted plans to make this new project enhance, rather than detract from, the area. Aragon director of sales and marketing David Wan, who has been involved in the CONTINUED ON P.9

An artist’s rendering shows what Avant will look like when the project is completed.

Perfect place. Perfect timing. SINGLE FAMILY COTTAGES

from

$379,900

Save up to $45,000 during our HST Event.

t The developer has fast tracked and built a number of t t t t

cottages so you can save the HST Move in now and enjoy the summer season A short 90-minute commute from Vancouver Enjoy a $5 million, 10,000 sq ft clubhouse and pools Surrounded by breathtaking mountains and lush green forests, with the great outdoors right at your doorstep

Register online or call us to receive our list of HST event cottages

www.CultusLakeCottages.com 1.877.888.4950 Discovery Centre & Display Cottages Now Open Saturday and Sunday Noon to 5pm 1777 Columbia Valley Rd. Lindell Beach, BC Copyright 2010 © | Higherground Project Marketing Inc. Brokerage and Sales by Multiple Reality Ltd. Prices are subject to change without prior notice.


New Local Home | April 29, 2010 • 9

A lifestyle you’ll love Get downtown within minutes CONTINUED FROM P.8

Avant project since the beginning, says the company put a lot of thought into the design and shape of the buildings. “We were a bit more adventurous with the design and made the buildings much lower to preserve views. Instead of two tall buildings, we built six, which allowed us to build lower and create view corridors between each building,” Wan says. “We have always tried to build organically and fit as smoothly as possible into each neighbourhood.” Avant is made up of a combination of townhomes, condo apartments and a stand-alone home. This is perfect for people who wish to downsize from a large family home but want to stay in the general neighbourhood. Each unit is extremely well-designed to take advantage of the views, with finishes to please the most discerning buyer. The whole project is served by a geothermal heating and cooling system; in fact the monthly condo fee covers the cost of heating and cooling every home, so there’s no extra utility bill. The amount included in the condo fee is the same as if the homeowner is contributing to furnace maintenance only. CONTINUED ON P.10

Living areas are open and airy, allowing plenty of natural light inside. Jarvis Ho photos

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Last Chance for Pre-Construction Pricing! The Pearl Presentation Centre is Closing! This is your last chance to get in on pre-construction pricing as we wrap up operations at our sales centre and start construction. May 8/9 is the final weekend to purchase your new home at discounted pre-construction pricing!

SPECIAL EVENT NOTE: On Saturday, May 8th vehicle access to the Pearl Presentation Centre will be limited due to the May Day Parade on Shaughnessy Street (until 1:00 p.m.) Come by early to enjoy the parade from our “front row” location! We’ll be open at 10:00 a.m. to hand out refreshments and answer any questions you may have about living at Pearl!

Presentation Centre: Open Daily (except Fridays) Noon to 5 pm 2343 Atkins Avenue (corner of Shaughnessy St. & Atkins Ave.) Port Coquitlam, BC

w w w. p e a r l c o n d o h o m e s. c o m 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. E.& O.E.

Prices from $154,900 Occupancy 2011


10 • New Local Home | April 29, 2010

Avant: a rare location

Anything you need is minutes away CONTINUED FROM P.9

Wire-brushed wide-plank engineered oak flooring throughout the main living area and the floor-toceiling picture windows contribute to the elegant feel of the home and on those cool winter nights, the linear burner gas fireplaces with surrounding quartzstone tile adds to the cozy atmosphere. Kitchens feature granite-slap countertops, chrome single-control Kohler faucets, flat-panel cabinets with a choice of smoke-stained oak or clear walnut, built-in wine cabinet and a full kitchen stainless appliance package from GE Monogram, all Energy Star-rated. The bathrooms continue the elegance with granite countertops, frameless glass shower enclosures, duel-flush Kohler toilets and grain oak or walnut cabinets. This location is rare, as it is so close to downtown and major transportation routes. Avant is just 13 minutes from downtown Vancouver, so homeowners get the serenity of living in a quiet enclave next to the water and the convenience of being close to work, entertainment, shopping and dining. Homes are priced from $548,900. Visit www.avantliving.ca for more information.

Living areas are open and airy, allowing plenty of natural light inside. Jarvis Ho photos


New Local Home | April 29, 2010 • 11

(1a)Skye-Soleil-Aqua Presentation Centre, Unit 3, 1233 Main St., Squamish. 604-616-1215 (1b)Furry Creek-Ocean Crest 415- Furry Creek Dr. 604-787-1456

North Vancouver

Port Coquitlam

(15a)Wedgewood 768 Orwell St. 604-980-2508

(6a)Pearl 2343 Atkins Ave. 604-308-0227

Vancouver

Richmond

(2a)Sage 5898 Gray Ave., (UBC/Wesbrook) 604-822-0809 (2b)Pacific Spirit UBC Westbrook Village. 604-221-8878 604-264-6477 (2C)District: South Main 299 East 7th Ave., Vancouver. 604-879-2010

(8a)Alexandra Gate Cambie-Garden City. 604-279-8866 (8b)Centro 7180 No.3 Road-Bennett. 604-270-8305 (8c)Remy 106- 9780 Cambie Rd. 604-274-7326 (8d)Hamilton Station 22788 Westminster Hwy. 604-279-8866 (8e)Wishing Tree Alexander Gardens. 604-871-4296 (8f)Cambridge Park 9191 Odlin Rd. 778-297-7511 (8h)Saffron 180-8360 Granville Ave. 604-270-2482

(10a)Falcon Hill 23719 Kanaka Way. 604-466-5723 (10b)Stoneleigh at Silver Ridge 13851 232 Street. 604-466-9278 (10c)Solo 11749 223rd Street. 604-467-0800

New Westminster (11a)Victoria Hill McBride Ave. 604-523-0733 (11b)Q at Westminster Quay Renaissance Square off Quayside Drive. 604-515-9112 (11c)Port Royal Holy Ave. and Salter St. 604-520-9890

Delta (12a)Trend 7445 Scott Road. 604-590-5483

South Surrey-White Rock

Langley

(5a)Levo 1170 Pinetree Way & Northern Ave. 604-464-5856 (5b)The Foothills Burke Mountain, 3381 David Ave. 604-944-3188 (5c)Tatton 1240 Holtby, Coquitlam. 604-552-2220

(9a)Highland Park 160th & 24th Ave. 604-542-8995 (9b)Glenmore at Morgan Heights 161A St. & 24th Ave. 604-542-8863 (9c)Wills Creek 160th & 32nd Ave. 604-542-6200

(13a)Bedford Landing 23015 Billy Brown Road. 604-888-2176 (13b)Seasons & Prelude at Milner Heights 208th St & 72nd Ave. 604-539-9484 (13c)Time at Walnut Grove 9525-204 Street. 604-694-1819

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(4a)Jewel 6130 WilsonAvenue at Beresford. 604-456-0688 (4b)Brentwood Gate-The Varley 1960 Beta Ave. 604-205-7228 (4c)Adera - Green 7438 Byrnepark Walk. 604-439-8858

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(14a)Augusta Walk / Woods at Provinceton 18199 70th Ave, 778-571-1088 (14b)Springfield Village 8676 158 Street. 604-591-1121 (14c)Hazelwood Estates 7881 164A Street. 604-657-5220 (14d)The Estates at Vistas West 16327 60th Ave. 778-574-1380 (14e)Vista’s West 6058 - 163 Street, Surrey. 778-571-1389 (14f)Knoll 7348 192A Street, Surrey. 604-574-0001

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(9d)Kaleden 2729-158th Street. 604-541-4246 (9e)Morgan Heights 26th Ave & 164th Street. 604-531-1111, 604-420-4200 (9f)Cathedral Grove 2738-158th Street. 604-541-7383 (9g)Southport 3677-143 Street. 604-292-0871

203th St

On Tour

(5d)Whitetail Lane 1357 Purcell Drive. 604-552-3003 (5e) Belmont 1456 Avondale Street. 604-461-7113 (5f)Burke Mountain Heights 3398 Don Moore Drive, Coquitlam. 778-285-6299 (5g)Sterling 3412 Wilkie Avenue, Coquitlam. (5h)Larkin House 1131 Pipeline Road Coquitlam. 604-552-1113


12 • New Local Home | April 29, 2010

SPACE

WITH STUNNING VIEWS

LARGER THAN AVERAGE SUITES PRICED FROM ONLY $324,900 Motif offers luxury living in 2 bedroom suites from 896 to 1,453 sq ft. Our exceptional homes are almost ready for occupancy. This Spring, you could be living in the heart of Burnaby’s vibrant Brentwood community, an elevator ride away from shops, restaurants and a private fitness spa. Just 15 minutes from downtown by Skytrain. Hurry only 25 homes left — 3 show suites open for viewing!

604.298.8800 www.motifatciti.com SALES OFFICE 1801 Rosser Avenue, Burnaby BC Open Daily Noon to 5PM (Except Fridays)


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