V2 issue 1

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New condos, townhomes & single family homes

Volume 2 Issue 1 January 31 – February 28, 2014

2 DISPLAYS

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METRO VANCOUVER

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Volume 2 Issue 1 Jan 31 – Feb 28 , 2014 MANAGING PUBLISHER Gord Trembath gord@bcnewhomes.ca ACCOUNT EXECUTIVES VANCOUVER, WHITE ROCK, SUNSHINE COAST & LADNER / TSAWWASSEN Shelley Culin 604.218.8653 shelley@bcnewhomes.ca NORTH & WEST VANCOUVER, BURNABY & NEW WESTMINSTER Liz Milsted 604.987.5092 liz@hlwestcoast.ca SURREY, LANGLEY & VANCOUVER ISLAND Carol Kerr 778.678.1177 carol@hlmedia.ca TRI-CITIES & MAPLE RIDGE 778.285.9700 sales@bcnewhomes.ca DISTRIBUTION & GENERAL INQUIRIES 778.285.9700 info@bcnewhomes.ca EDITORIAL CONTRIBUTORS Sheryl Gray, Robin Schroffel, Dan Tidsbury GRAPHIC DESIGN Jasenka Avram Cliff Blank creative@bcnewhomes.ca WEB SERVICES Jasenka Avram jasenka@hlwestcoast.ca

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ON THE COVER 18 One44 Brings an Urban Vibe to Surrey’s Panorama Neighbourhood Panorama, already a prized location with an amazing array of local amenities, provides the setting for One44, the latest collection of urban townhomes from award-winning Vesta Properties.

FEATURED DEVELOPMENTS 8

Morgan Heights: A Desirable Neighbourhood in a Perfect Location

Morgan Heights is a perfectly located community of single family homes for buyers seeking a walk-able neighbourhood, convenient highway access and easy options for entertaining at home or on the town.

12 The Belcroft: The Best of South Surrey Living Phoenix Properties has proven that they know where and what to build. In keeping with that enviable track record, the latest Phoenix community is The Belcroft, nestled in a prime South Surrey location.

26 Elements: Langley’s Choice Master-Planned Community Elements, the master-planned community in the heart of Langley’s Willowbrook neighbourhood, delivers a distinctive product in one of the best locations Langley has to offer.

38 Albion Station: Where Standard Finishings Shock, and Sticker Price Delights Centrally located in the Albion area of Maple Ridge, Albion Station is an ideal spot for families and active adults who enjoy urban conveniences as well as indoor and outdoor leisure pursuits.

IN THE COMMUNITY 16 Discover Surrey: Sharing the Wealth Surrey is called the City of Parks in proud tribute to over 6,000 acres of green space found north, south and in the very heart of the city centre. But Surrey’s parks, like the city itself, are a diverse lot of lands that even long-time residents are likely unaware.

30 Port Coquitlam: Suburban in Nature With easy connections to the nearby bustling cities of Vancouver and adjacent Coquitlam, Port Coquitlam offers its residents small-town charm with a full range of municipal services, events and attractions — along with a rich, century-old heritage built around transportation and industry.

8 16 30 42

South Surrey | White Rock Surrey | Langley | Abbotsford Tri-Cities | Maple Ridge North Vancouver | West Vancouver

Copyright © 2014 Homes & Land Affiliates, LLC and Homes & Land Canada Corp.

Homes & Land New Homes Magazine is published by Homes & Land Canada Corp., 514-42nd Avenue SE, Calgary, AB T2G 1Y6 by permission of Homes & Land Affiliates, LLC, Tallahassee, Florida. Copyright © 2014 Homes & Land Affiliates, LLC and Homes & Land Canada Corp. Reproduction of any photographs, artwork or copy is prohibited without prior written permission of the publisher. All advertised properties are subject to prior sale or withdrawal without notice. Homes & Land Canada Corp. is not a registered real estate broker and this magazine offer is not an effort to assist in the buying or selling of real estate. The advertisers and publishers are not responsible or liable for misinformation, misprints or typographic errors.

Advertising in Homes & Land New Homes Magazine is limited to licensed real estate brokers and their sales associates, and to developers and commercial businesses.

Advertising is not available to private home sellers. This magazine will not knowingly accept any advertising for real estate in violation of the law. Dwellings advertised in this magazine are available on an equal opportunity basis.

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YOUR GREENER PATH. Every aspect of a Maskeen home is guided by our belief that the homes we live in should be respectful of our natural surroundings.

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Morgan Heights Location, location: most desirable neighbourhood and highway accessibility

M

organ Heights is a perfectly located community of single family homes for buyers seeking a walk-able neighbourhood, convenient highway access and easy options for entertaining at home or “on the town.” This community is situated in South Surrey’s desirable Morgan Crossing area, a flourishing urban centre with shopping, dining and community programming options for residents with discriminating tastes.

With living space spread across three levels, the 3,000 sq.ft floor plans are proving desirable to families and downsizers looking for a little less lot to maintain while continuing to enjoy high-end finishings and ample space for entertaining, both indoors and out. Private, fenced yards include beautiful landscaping and outdoor living space that is roomy enough to create an al fresco cooking and dining oasis. Open concept kitchens feature hardwood flooring, designer Jazz Fusion glass and stainless steel chimney style hood fans and stainless steel The exclusive neighbourhood is offered by Foxridge Homes, a divi- Jenn-Air appliance packages. sion of Qualico, with over 60 years of experience building single family homes. Buyers can feel secure with Qualico’s longstanding business Private living areas include sumptuous master bedroom suites, many history and availability of an in-house customer service department. with double walk-in closets, deep soaker tubs and detailed finishings like individual framed bevelled mirrors over vanities. The main bath Morgan Heights comprises 100 homes on a site plan boasting specalso has a soaker tub, and all bathrooms include wide rail stained matacular views and adjacency to park land. The final 30 homes are just ple cabinets, granite or Caesarstone counters, and designer-selected now entering the market, and the South Surrey location is a winner light fixtures. Throughout the home, thoughtful details and finishes with current residents. are customizable, making each home its own unique dwelling.

“We are hearing that Morgan Heights has the most desirable loca“There is a design centre in every show home, and people can choose tion, in being walking distance to the fabulous Morgan Crossing shops their colours, cabinetry, all their finishings. Only a few of the 30 homes and amenities,” says Diane Zarola, sales and marketing manager with are currently in progress, so this is a perfect time to individualize your Foxridge Homes. “Additionally, families are thrilled we’re just a short home,” says Zarola. “The homes are customizable with all the options walk away from Southridge Private School and Sunnyside Elementary.” Foxridge offers, therefore no two homes will end up alike.”

Morgan Heights is not only next door to every imaginable urban convenience, it is also nicely situated to get residents out of town when the need arises. Highway 99 is just blocks away, with options to head north into Vancouver via the tunnel, or to head south over the U.S. border, mere minutes away from home. Combined with the area’s urban flare, this ease of transportation provides additional appeal to a scaled-down suburban lifestyle.

8 New Homes Magazine |

Morgan Heights is located at 16145–28A Avenue in Surrey. The homes start at $882,900 for 3000 sq.ft with a range of 3-bedroom plans. The Morgan Heights Show Home is a stunning reflection of the various sizes of available floor plans, and is open seven days a week from noon until 5pm. More information about Morgan Heights is available at www.morganheightsliving.ca or by contacting the Show Home at 604.560.1053 or morgan@qualico.com.

Visit www.bcnewhomes.ca for details on over 315 local new home developments

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Belcroft 15977 26 Ave, South Surrey Phone: 604.568.8830 www.phoenixhomesbc.ca

Blu 15988 32 Ave, South Surrey Phone: 604.782.5258 www.phoenixhomesbc.ca

Gemini 15336 17A Ave, South Surrey Phone: 604.536.1663 www.liveatgemini.com

Morgan Heights 16092 28A Ave, Surrey Phone: 604.560.1053 www.foxridgeliving.ca

Niche 3039 156 St, Surrey Phone: 604.535.5511 www.liveatniche.ca

Southbrooke 10th Ave & 165 St, South Surrey Phone: 604.536.0450 www.southbrookliving.com

Room to Grow in South Surrey

S

outh Surrey and White Rock are neighbours with a few things in common: beaches, walking paths and lots of options for gelato on a sunny day. The two communities are a stone’s throw from speedy highway access to Vancouver and a few minutes’ drive to south-of-the-border excursions via the Peace Arch crossing. And now, both are a destination for Lower Mainland day-trippers.

the last few years have turned a once-geographic description into a vibrant and growing community. Spanning from Crescent Beach east to 168th Street, and from 16th Avenue north to 64th, this is an area with lots of room to grow. Open spaces are more common than highly developed lots, providing opportunities for developers and affordability for homeowners.

Tourists and locals alike have long flocked to White Morgan Crossing, self-billed as the “anti-subRock to enjoy the beach and all that comes with urb” is one of those growth developments. Adthis relaxed city. Families and friends, young and jacent to the Grandview Heights development, old, stroll the boardwalk and the pier on sunny this is a full community of housing, social space, days and mild evenings. The patio-lined main drag and shopping. The village design of the shops is flush with diners by day and full of happy revel- contributes to the livability for residents, but ers by night. Options for frozen treats and take- also to the steady stream of shoppers trekking out fish and chips appear endless, and hibachis in from the rest of the Lower Mainland. Larger are a common sight on the grassy strip leading fashion outlets, services and restaurants comto water’s edge. bine with fitness clubs and an arts centre for a full day out, or a well-rounded lifestyle.

In addition to the namesake painted rock, the city features many unique visual aspects to the overall South Surrey is junior to White Rock as an establandscape. Residential homes are built into the lished community, but has space to grow. The escarpment, and from the view below, almost area may be trending, but the concept has serious appear to be stacked atop one another. Lots are clout for the next generation of desirable living: tight and windows are plentiful and large, to afford affordability and sustainability wrapped up in a many the magnificent view and evening sunsets, very fashionable package. at luxurious prices.

South Surrey may have originally been part of the trip in or out of White Rock, but development in

Looking for more? Browse past articles and read up on the latest new projects at www.bcnewhomes.ca

PHOTO CREDIT: CIT Y OF SURREY

Adagio 1975 154 St, South Surrey Phone: 604.531.6659 www.boffo.ca

MOVE IN NOW!

The Belcroft

The Best of South Surrey Living

I

t is no longer accurate to talk about the “buzz” generated by the accent lighting and task lighting, gas cook top stainless steel applineighbourhoods in South Surrey. This area has gained so much rec- ances, and even a six-burner cooktop. An environment like this adds ognition, within the industry and with the public at large, as an ideal an element of pleasure to even the most mundane household chores. location for home owners at all stages of life that the buzz has become Ensuites, powder rooms, cabinetry, and millwork maintain the same a shout. The result: an influx of people from Richmond and Vancouver exacting standard throughout the homes. to South Surrey/White Rock who are discovering how attractive life Just minutes from The Belcroft are the lifestyle amenities home in the region can be. owners are seeking. Shopping is just steps away. Grandview Corners Phoenix Properties has proven over their 35+ years in the business and Morgan Crossing are nearby with their wide array of retail and that they know where to build, and what to build. In keeping with that professional services. Surrey boasts a full spectrum of educational enviable track record, the latest Phoenix community is The Belcroft, institutions for literally every age. Of particular note is the prestigious Southridge School located right across from The Belcroft, a real nestled in a prime South Surrey location. attraction for growing families and sure to add to the value of The One glance at these homes confirms that they are designed to fit Belcroft’s homes over time. our West Coast climate and surroundings. Stylish pitched roofs with generous overhangs look good while coping with the rainy reality of Recreation, both indoors and out, is a central part of what we value in our winter season. Colour choices and rich wood accents of cedar our lower mainland lives, and The Belcroft offers ready access to both. shakes complement the abundance of green space and park area Play a relaxing round of golf at the Morgan Creek Golf Course, just minutes away. Take some restorative time to commune with nature for which surrey is famous. at Sunnyside Acres Urban Forest Park or spend some time on one of The Belcroft’s spacious floor plans, ranging from 2,400 to 2,500 square the local beaches. Pursue your fitness goals or participate in Surrey’s feet, require no modern, close-quarters compromises. These duplex- rich cultural life at one of the many community centres, libraries, or es are full-size homes in every sense with all of the space and comfort other public facilities. Residents at the Belcroft are ideally situated to of a single family home. The furniture fits. Double car garages with make the most of all that Surrey and White Rock have to offer. ample storage comfortably accommodate the golf clubs, bicycles, and All in all, a move to The Belcroft in South Surrey presents an opporother accoutrements of the West Coast lifestyle. tunity for upgrades in so many ways. The homes offer luxury and Inside, these up to five-bedroom and den homes incorporate the de- value well beyond what a buyer could hope for in the current urban sign features, materials, and finishes that characterize elegant living. markets. The rich diversity of lifestyle options is attracting everyone Transom windows over most of the doors add to the feeling of airy from young families to empty nesters. What’s more, Phoenix Propopenness while real wood engineered floors contribute to the rich erties’ all-in pricing, including the GST and transition taxes, takes luxury of the thoughtfully designed interiors. The kitchens meet, even the mystery out of the financial planning part of buying a home. Visit exceed, what one could ask for in the best contemporary home: stone www.belcroftliving.com today for more details, or call Cliff Armcounter tops with porcelain tile back splashes, tasteful and effective strong, Sutton West Coast Realty at 604.961.5160.

12 New Homes Magazine |

Visit www.bcnewhomes.ca for details on over 315 local new home developments

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SOUTH SURREY | WHITE ROCK

14 New Homes Magazine |

Visit www.bcnewhomes.ca for details on over 315 local new home developments

SOUTH SURREY | WHITE ROCK

Visit www.bcnewhomes.ca for details on over 315 local new home developments

|

New Homes Magazine 15

SURREY | LANGLEY | ABBOTSFORD

Sharing the Wealth Surrey’s Parks Share the Real Estate with Salmon, Bicycles, Coyotes and Picnickers urrey is called the “City of Parks” in proud tribute to over 6,000 acres of green space found north, south and in the very heart of the city centre. Lush flower gardens, swings and see-saws, warmweather picnics and forested trails are forefront at mention of such sprawling parkland. But Surrey’s parks, like the city itself, are a diverse lot of lands and full of surprises that even long-time residents are likely unaware.

Surrey loves flowers, and has accessible gardens right in the middle of town. Fleetwood Gardens is the newcomer of the bunch, and offers visitors a look at over 100 varieties of perennials, as well as a recently constructed labyrinth and a cherry walk. North Surrey’s Bear Creek Park, most noted for its mini-golf and miniature train rides, is also host to Bear Creek Gardens, a lush space surrounded by second growth forest. The garden keeps things fresh with annual bedding plant and bulb displays. Over in South Surrey, Darts Hill Garden Park is a unique piece of land that was once a newly logged lot. With much dedication and inspired vision by Francisca Darts, guests can now wander through fully mature specimens of rare and unusual plants and flowers.

Bay Park is notably part of the Boundary Bay Important Bird Area and Western Hemisphere Shorebird reserve network. Nature enthusiasts won’t need binoculars on the trails to enjoy sightings of great blue herons and bald eagles. Also in Newton is the 150-hectare Serpentine Fen, which is a now-untouched parkland that offers open water and natural food supply to more than 130 bird species. Not enough variety for your inner birder? Head to the birding area of South Surrey’s Blackie Spit, where almost 200 species are recorded annually.

As a special bonus, the park’s beach area features sandbars where harbour seals and their pups are known to play.

For more water play, Tynehead Regional Park in the Fleetwood community is a sprawling 260 hectares of meadows, forests and waterways. Operated by the Greater Vancouver Regional District (GVRD), Tynehead houses a fish hatchery, salmon fry pond and butterfly garden. Additionally, the park is on the Serpentine River headwaters, which supports trout and salmon spawning activities. For those wanting to try catching a fish or two, Green Timbers Park and Urban Forest stocks their rainbow trout lake twice a year. The Guildfordarea park combines forest, wetlands, meadows and the lake, and is

Fish and fowl often make their homes in the waters and trees of parkland, and Surrey residents are fortunate to benefit from sharing their city with a tremendous range of gilled and feathered friends. Mud Looking for more? Browse past articles and read up on the latest new projects at www.bcnewhomes.ca

>> continued on page 20

PHOTO CREDIT: CIT Y OF SURREY

S

One44 Brings an Urban Vibe to Surrey’s Panorama Neighbourhood

T

Properties. Drawing on over 23 years in the industry as an integrated developer/builder, Vesta Properties has designed One44 to Long known for its rapid pace of growth, stand out from the crowd, set apart by an Surrey is developing a reputation for its inurban style that brings a sleek, contemporary novative approach to community building and the dynamic nature of its civic culture. look to a suburban neighbourhood.

Improved transportation links, a full spec- From large, 1375 square foot 2-bedroom trum of educational institutions from pre- and den homes to spacious 2,300 square school to post-graduate, entertainment, foot 4-bedroom plans, each home at One44 the arts, and an unrivalled amount of green boasts the same quality materials and painsspace and parkland: Surrey is nothing like taking craftsmanship. Nine-foot ceilings add the stereotypical suburb or bedroom com- to the light, airy feeling with the aid of genermunity — it is a desirable place to live in ous windows that bring in an abundance of its own right. natural light. The warm elegance of an elecNow Panorama, already a prized location with tric fireplace adds to the welcoming ambian amazing array of local amenities, provides ence of each living room. Large garages, wide the setting for One44, the latest collection of driveways and dual entries add to the roomy urban townhomes from award-winning Vesta comfort and convenience of One44’s homes. here is so much to attract home buyers to Surrey’s thriving Panorama neighbourhood.

18 New Homes Magazine |

Every aspect of design and finishing complements the whole. Open plan, gourmet-island kitchens with granite countertops and stainless steel appliances are up the challenge of the most sophisticated culinary experience.

Master bedrooms provide luxurious retreats with large walk-in closet and spa-inspired ensuites with dual vanities. Thoughtful attention has been paid to convenience as well with main floor powder rooms and bedroom level washers and dryers.

Residents of One44 have exclusive access to The Club, a 4,500 square foot multi-level community amenity centre. A fully equipped media room is perfect for enjoying time with family and friends. The fitness centre is ready for a stimulating workout or unwinding after a busy day. Entertaining is easy in the guest

Visit www.bcnewhomes.ca for details on over 315 local new home developments

lounge that features a full kitchen and large outdoor wraparound deck. The list of amenities is likely to expand in the future with projects such as the large-scale community recreation centre being considered for the neighbourhood, just steps from One44.

With One44’s January 25th grand opening just getting things rolling, this is the ideal time to see for yourself how Vesta Properties has done it again.

Look for more details at LiveAtOne44.com.

Outdoor living, a trademark of the West Coast lifestyle, has not been neglected either. These two, three and four bedroom three-level homes feature rear balconies and patios, and most include a private fenced front or backyard. One44’s protected environmental reserve and network of trails is perfect for a morning run, weekend bike ride with the kids or nightly walk with your favourite four-legged friend. Here, bench-lined pathways, communal parks and amenity spaces are simply an extension of your own backyard. Manicured pathways with striking pergolas welcome visitors to One44 with a dramatic flair. And with almost one third of the community dedicated to green space, select homes back directly onto a protected environmental reserve.

Homes at One44 appeal to a broad range of potential buyers with their combination of spacious living and outstanding value. Families just starting out will find One 44 an affordable alternative to typical starter homes, fixer-uppers, or rentals. Roomy three and four bedroom units check the boxes on the wish list for families raising kids, not to mention the family-friendly nature of the neighbourhood as a whole. Spacious end units are ideal for empty nesters looking to downsize without giving up the familiar comfort of their larger homes.

Visit www.bcnewhomes.ca for details on over 315 local new home developments

|

New Homes Magazine 19

>> continued from page 16

One44 by Vesta Properties A smartly designed collection of 2 & 3 bedroom townhomes nestled against protected greenspace and nature trails in the Panorama neighbourhood of Surrey.

Ranging in size from 1376 sq ft two-bedroom to 2238 sq ft four-bedroom plans, features of One44 homes include grand entryways, modern open-plan gourmet island kitchens, large walk-in closets in the master bedroom, rear balconies and patios, and most homes include a private fenced front or backyard. For more information visit www.liveatone44.com.

The Highlands at Sullivan Ridge

by Marathon Homes An exclusive community of single family homes with thoughtful extras including designer lighting, 9’ ceilings and craftsman wood staircases along with classic exterior appointments such as distinctive black railings on front verandas, easy care vinyl siding, professionally landscaped front and back yards with cedar fencing and exposed aggregate driveways. Located in the heart of Sullivan Ridge at 6065 146 Street in Surrey, nearby amenities include schools at all levels, parks, walking trails and easy access to shops and restaurants. For more information visit www.marathonhomes.ca or call 778.565.7768.

Salix by Woodbridge Homes A collection of two bedroom condos tucked away on a quiet residential street in Clayton Heights. Close to shopping, dining, arts, entertainment and more, features include Georgian-inspired architecture, 9’ ceilings, classic Victorian cabinetry, custom wood vanities, stone countertops, quality steel appliances, and your choice of two unique interior schemes. For more information visit www.salixliving.com or call 604.530.0054.

home to the Surrey Nature Centre, which offers educational programming for the whole family.

Outdoorsy types that just want to take a hike have a range of options within the city limits. Semiahmoo Trail is a scenic walk along the old Semiahmoo Wagon Trail in South Surrey. Nearby, Sunnyside Acres Urban Forest is an expansive 130 hectares of natural second growth forest. Hikers may be lucky enough to spot coyotes or black tailed deer lurking in the trees, and rollers and strollers will appreciate the wheelchair-accessible Wally Ross Trail within the park. Surrey Lake Park in Newton offers a range of walking trails as well as bike paths spread across 90 acres of land.

When the hiking boots are ready to come off, a magical experience awaits children of all ages in South Surrey’s Redwood Park. With a tale of two brothers who once owned and lived on the land, inside the park feels like a Brothers Grimm story complete with fairy grove and livable tree house. Children will delight in the unusual play place and adults will marvel over 30 species of exotic trees, including giant redwoods. For a completely different park outing, visitors can take a step back in time at the historic Stewart Farm, located in Elgin Heritage Park, also in South Surrey. This park is settled along the Nicomekl River, which is home to eagles and hawks with an eye to finding prey.

Friends and families wanting to “do it all” will enjoy the variety of Crescent Park. The South Surrey park has walking trails great for two-legged and fourlegged companions, a multitude of sports fields and beautiful beaches with an adjacent walking trail for leisurely strolls and meeting neighbours and new friends. Colourful kites and kayaks are common sights along the shore, and following the trail to the south will take weary legs to the beach-worthy comforts of frozen treats or fish and chips.

Surrey’s parks really do cater to all tastes, and smack in the city’s centre, Holland Park is a true urban green space that gives residents a place to play with easy access from public transit. This site offers simple fitness through its marked one-kilometre walking loop, visual appeal with public art displays, a tranquil getaway by a central water feature, and a community gathering place as a festival and concert venue. Visitors can walk, rest, and then go shop or dine at the nearby Central City Shopping Centre.

The diversity of Surrey is evident across the city’s neighbourhoods, and outdoor spaces do not disappoint. Young or old, families, friends and singles, newcomers and long-time residents alike can together enjoy and explore their vibrant and growing community.

Park locations/maps can be found at www.tourismsurrey.com/scenicparks-trails.

Looking for more? Browse past articles and read up on the latest new projects at www.bcnewhomes.ca

PHOTO CREDIT: CIT Y OF SURREY

WORTH A LOOK…

SURREY | LANGLEY | ABBOTSFORD

Co S om i n on g

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Visit www.bcnewhomes.ca for details on over 315 local new home developments

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New Homes Magazine 21

LIVING GREEN MADE EASY. Cadence is a single family geothermal community. You can tear up that energy bill in these ef cient homes that range from 3,400 – 3,700 sq. ft. and feature legal suites. Your new four bedroom plus den home comes with peace of mind that your family will enjoy the comfort of a sustainable heating and cooling system.

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INCLUDING NET GST

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604.598.8873

liveatcanvas.com *Prices subject to change or be withdrawn without notice. E.&O.E. Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd.

Visit www.bcnewhomes.ca for details on over 315 local new home developments

|

New Homes Magazine 23

The Highlands at Sullivan Ridge

Functional Family Homes with Luxurious Standards

T

he Highlands at Sullivan Ridge is a master-planned community of options for the three-story homes that include three or four bedrooms single family homes that is wonderfully situated in Surrey’s Sul- upstairs. Finished basements offer opportunities for extra income livan Heights. This south-central community has recently blossomed through rental suites, or developing extra family living space or inwith residential and retail development. Anchored by the Tong Louie law suites to suit.

YMCA, Sullivan Heights has a range of amenities both diverse and “The Highlands are modern, single-family homes that provide flexconvenient enough to suit all families and empty nesters. ibility for growing families or those living with extended families. Our Sullivan Heights offers many family-friendly options for dining, shop- buyers are really appreciating the additional living space on the lower ping and recreation, and is close to elementary and secondary schools. level,” says Gill. “The homes have been developed in recognition of Close to Highway 10, it’s an easy drive to Vancouver, Langley or to the the true diversity of the community to offer full functionality without U.S. border crossing, and additionally is just a 10-minute drive north to compromising storage space.” the Guildford shopping area or south to the newer Southpointe district.

Home interiors are stylish and welcoming in three designer colour The entire community is extremely walkable with various choices for schemes with extensive crown moulding and six-inch baseboards hiking trails and neighbourhood parks. throughout. Gourmet kitchens offer spacious eating areas with preThe Highlands is offered by Marathon Homes, a second-generation, mium imported Italian tile, custom stained maple kitchen cabinetry, family-run business that has been developing properties in Surrey for granite countertops and oversized windows overlooking the private over 30 years. With great history in the city, Marathon Homes has good backyards. The luxurious granite continues to bathroom cabinets, understanding of home owners’ needs in this area. Their business which are set off by chrome faucets and framed vanity mirrors. Adhas been developed on three principles: quality, value and integrity. ditionally, master ensuites offer stand-alone showers, soaker tubs Marathon goes above and beyond in meeting industry standards, and and two sinks. are known as much for their after-purchase customer care as for their More than attractive and functional, The Highlands’ homes are built high-quality construction. to withstand the test of time. All builds use TJI engineered silent floor “Luxurious finishings are standard in all Marathon Homes: maple cabi- construction, which is designed to prevent squeaky floors in years to netry, granite countertops, details that many buyers assume will be come. Topping off each home is a maintenance-free, 30-year asphalt extras in a new-home purchase,” says Jas Gill, sales director with shingle roof, and what lies beneath are reinforced concrete foundaMarathon Homes. “When you tour a Marathon show home, what you tions and dimpled plastic membrane damproofing. see is what you’ll get in your own home. We have high standards, and The Highlands at Sullivan Ridge is located at 6085 - 146th Street in Surconsistently offer tremendous value to our customers.” rey. Now in the final phase of this development, the single-family homes The Highlands at Sullivan Ridge is a cohesive neighbourhood of single range from 3000 to 3500 sq.ft, and start at $679,900, including taxes. family homes that maintain distinctive features of varying architec- The Presentation Centre is open daily (except Fridays) from noon to 5pm. tural style and colours, and offer privacy through cedar fencing and Additional information is available at www.marathonhomes.ca or by professional landscaping. Buyers can choose among several layout contacting the sales office at 778.565.7768.

24 New Homes Magazine |

Visit www.bcnewhomes.ca for details on over 315 local new home developments

$

679,900

Elements

Langley’s Choice Master-Planned Community

T

he most important aspect of a master-planned community is that it is — well — master-planned. The advantages are wide ranging, from superior design and premium finishing to enriched quality of life and enhanced resale values down the road.

that boast over 1,200 square feet of elegant living space. There is still a good selection of homes available across all sizes. “There is something for everyone,” says Arietta Fischlin. “This is the only Langley community that has it all.”

Elements, the master-planned community in the heart of Langley’s Willowbrook neighbourhood, delivers all of those advantages in one of the best locations Langley has to offer. The Elements distinctive features start with what you can’t see. “We are not content with merely meeting the minimum standards of the building code,” explains sales manager Arietta Fischlin. “We are committed to building homes we will be proud to stand behind for generations.” One example: resilient channel flooring is used to deliver superior soundproofing that goes well beyond basic standards. The benefits are experienced every day by the families who live in these homes.

The quality and style on display in the Trilogy Club set the tone for the sophistication and comfort to be found in every suite. Elegant hardwood laminate flooring in living areas and luxurious wall-to-wall carpet in the bedrooms exemplify the emphasis on both beauty and durability. Kitchens feature sleek cabinetry with pantries, islands, and quartz or granite countertops that maximize space and utility. Energy efficient stainless steel appliances by Whirlpool will give home-owners years of beautiful service. Custom floating vanities and floor to ceiling glass walk-in showers make bathrooms inviting and relaxing.

For a sense of how a master plan enhances quality of life, one need look no further than the recently completed Phase 2 building that includes the Trilogy Club, the stunning 9,000-plus square foot amenity building that captures the essence of life at Elements. The Trilogy Club features a fully equipped fitness centre, a New York inspired club room and lounge complete with billiards and a plush director’s screening room. The chef’s kitchen is perfect for entertaining groups large and small. Best of all, it is now finished and ready for Elements residents to enjoy.

The careful planning that has gone into this community is also evident in the amenities that have been excluded. Facilities like pools are often underused and are consistently costly to maintain. Elements’ carefully chosen amenities meet the practical needs of its residents while keeping maintenance fees down. The prized location puts community supported amenities close at hand and on a scale that is beyond the scope of any single planned community.

The building exteriors measure up to the same exacting standards, designed and constructed specifically with our Lower Mainland climate in mind. Durable Hardi products retain their original colour and beauty with minimum maintenance. Brick accents blend seamlessly with the surrounding environment. Landscaping includes inviting courtyards and meandering waterways to accentuate the peaceful atmosphere of the elements community as a whole.

It is hard to imagine a location with so much to offer to residents of all ages, and Elements is just steps away from a fabulous selection of shops and services. Shop at big box outlets or creative, eclectic boutiques. Meet a friend at a charming local café or dine out in style.

Education, health care, or financial services: whatever residents might need is close at hand. And should you need to leave the community, for work or pleasure, continuously improving transportation corridors and public transit have brought Langley and the rest of the Lower Mainland closer than ever before.

Elements presentation centre at 20211 66th Avenue is open daily noon Suites in the latest phase vary in size from one-bedroom homes that – 5pm (closed Fridays). Learn more at www.elementsinlangley.com start at just under 600 square feet to two-bedroom-plus-den plans or call 604.533.7718 for details.

26 New Homes Magazine |

Visit www.bcnewhomes.ca for details on over 315 local new home developments

SURREY | LANGLEY | ABBOTSFORD

THE ONLY LANGLEY CONDO COMMUNITY THAT HAS IT ALL!

Trilogy Club

BE A PART OF LANGLEY’S BEST MASTER PLANNED COMMUNITY! UÊMost walkable community - close to both shopping, nature park and walking trails UÊSpacious and thoughtfully designed interiors UÊ 9,369 sq.ft. Trilogy Club - Langley’s largest private amenity centre UÊÊInvite a chef and host a cooking party in the chef kitchen UÊÊInvite your friends and let loose for an evening in the New York Inspired Lounge Ê Ê

UÊÊKick back and enjoy the latest blockbuster on the big screen in the media room UÊÊWork up a sweat in the fitness room or meditate in the yoga studio UÊÊHold your next business meeting in the impressive boardroom

UÊLimited move-in ready homes now available

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elementsinlangley. com VIEW THE TRILOGY CLUB & NEW DESIGNER DISPLAY SUITE TODAY OPEN DAILY NOON - 5PM (CLOSED FRIDAYS)

20211 66th Avenue, Langley BC | 604-533-7718 Media Room

*Prices and incentives are subject to change and may be withdrawn without prior notice. Prices quoted exclude net HST or GST, whichever is applicable 20+ homes under $220,000 are in phases 1 and 3. E.&O.E. Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca

Visit www.bcnewhomes.ca for details on over 315 local new home developments

|

New Homes Magazine 27

Real Estate Market Report

Metro Vancouver housing market characterized by modest home sales and price increases in 2013

VANCOUVER, B.C. – January 3, 2014 – The Greater Vancouver housing market maintained a consistent balance between demand and supply throughout 2013.

The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2013 reached 28,524, a 14 per cent increase from the 25,032 sales recorded in 2012, and an 11.9 per cent decrease from the 32,390 residential sales in 2011.

“Home sales quietly improved last year compared to 2012, although the volume of activity didn’t compare to some of the record-breaking years we experienced over the last decade,” Sandra Wyant, REBGV president said.

Last year’s home sale total ranks as the third lowest annual total for the region in the last ten years, according to the region’s Multiple Listing Service® (MLS®).

28 New Homes Magazine |

The number of residential properties listed for sale on the MLS® in Metro Vancouver declined 6.2 per cent in 2013 to 54,742 compared to the 58,379 properties listed in 2012.

Looking back further, last year’s total represents an 8.1 per cent decline compared to the 59,539 residential properties listed for sale in 2011. Last year’s listing count is on par with the 10 year average.

“It was a year of stability for the Greater Vancouver housing market,” Wyant, said. “Balanced conditions allowed home prices in the region to remain steady, with just a modest increase over the last 12 months.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $603,400. This represents a 2.1 per cent increase compared to December 2012.

Visit www.bcnewhomes.ca for details on over 315 local new home developments

Tourism BC / Insight Photography

December summary Residential property sales in Greater Vancouver totalled 1,953 in December 2013, an increase of 71 per cent from the 1,142 sales recorded in December 2012 and a 15.9 per cent decline compared to November 2013 when 2,321 home sales occurred.

December sales were 8.1 per cent above the 10-year December sales average of 1,807.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 1,856 in December 2013. This represents a 34.5 per cent increase compared to the 1,380 units listed in December 2012 and a 42.8 per cent decline compared to November 2013 when 3,245 properties were listed.

Sales of detached properties in December 2013 reached 762, an increase of 79.3 per cent from the 425 detached sales

recorded in December 2012, and a 21 per cent increase from the 630 units sold in December 2011. The benchmark price for detached properties increased 2.5 per cent from December 2012 to $927,000.

Sales of apartment properties reached 850 in December 2013, an increase of 68.7 per cent compared to the 504 sales in December 2012, and an increase of 9.8 per cent compared to the 774 sales in December 2011.The benchmark price of an apartment property increased 1.8 per cent from December 2012 to $367,800.

Attached property sales in December 2013 totalled 341, an increase of 60.1 per cent compared to the 213 sales in December 2012, and a 34.3 per cent increase from the 254 attached properties sold in December 2011. The benchmark price of an attached unit increased 1.2 per cent between December 2012 and 2013 to $456,100.

Visit www.bcnewhomes.ca for details on over 315 local new home developments

|

New Homes Magazine 29

COQUITLAM | PORT COQUITLAM | PORT MOODY | MAPLE RIDGE Albion Station 10151 240 St, Maple Ridge Phone: 604.630.9030 www.platinum-group.ca

Bloom 101 – 618 Langside Ave, Coquitlam Phone: 604.939.8808 www.liveatbloom.com

Edge on Edge

Falcon Centre 11862 226 St, Maple Ridge Phone: 604.812.1460 www.falconcentre.ca

La Via 2351 Kelly Ave, Port Coquitlam Phone: 604.475.5100 www.laviapoco.com

Montgomery Acres 24405 112 Ave, Maple Ridge Phone: 604.465.6886 www.montgomeryacres.com

Orchid 2455 Wilson Ave, Port Coquitlam Phone: 604.866.4206 www.orchidcondos.com

Somerston Lane 1268 Riverside Dr, Port Coquitlam Phone: 604.961.8883

Village Green 2183 Prairie Ave, Port Coquitlam Phone: 778.355.0116 www.villagegreenliving.ca

Wynnridge 11005 Buckerfield Dr, Maple Ridge Phone: 604.812.1460 www.wynnridge.ca

Port Coquitlam: Suburban in Nature

C

olloquially known as “PoCo,” Port Coquitlam nects drivers to cities like Vancouver, Burnaby and is a city of nearly 60,000 located 27 kilome- Hope, and offers easy access to Highway 1. tres — 40 minutes — east of Vancouver where The city boasts many parks and recreation areas, the Pitt River flows into the Fraser River. Primarily and is encircled entirely by the Traboulay PoCo suburban in nature with easy connections to the Trail, a 24-kilometre trail through the neighbournearby bustling cities of Vancouver and adjacent hoods and downtown to forests, marshland, and Coquitlam, PoCo offers its residents small-town the riverfront. Not only is the trail a popular spot charm with a full range of municipal services, for recreation and a place to experience the area’s events and attractions, and a rich, century-old biodiversity, it acts as an important part of Port heritage built around transportation and industry. Coquitlam’s transportation network including biThe Port Coquitlam area was long the site of a cycle commuters.

Kwikwetlem First Nations village before European You’ll also find landmarks, such as the library and settlers arrived around 1860. In 1912, the Cana- a theatre, named for Port Coquitlam’s most fadian Pacific Railway relocated its central yard to mous son, Terry Fox, whose 1980 cross-country the area in anticipation of a huge trade boom and run to raise cancer funds and awareness inspired the city that grew up around it, incorporated in millions worldwide. Fox spent his formative years 1913, became Port Coquitlam. in Port Coquitlam, and the city continues to honPort Coquitlam’s population has grown steadily our his legacy by hosting the country’s largest ever since, and the city remains attractive not Terry Fox Run each September. only to prospective residents but to commercial Port Coquitlam is a city with a younger age demogrowth and investment as well. Major employers graphic than the region as a whole, with people run the gamut from retail anchors like Walmart 40-55 and youth in their late teens being the largand Safeway to governmental organizations to, est age groups. Single-family dwellings make up yes, CP Rail (the rail yard is still its largest in the the largest proportion of housing, with multiple province). Port Coquitlam includes both a com- family ground-oriented housing coming in not far mercial downtown core and various retail areas, behind. According to data from the City of Port Coincluding the 650,000 sq ft multi-use Onni devel- quitlam, housing costs remain lower than in the opment Fremont Village, currently under con- rest of the Tri-Cities municipalities. That’s great struction and billed as ”Metro Vancouver’s largest news for home buyers; in some cases, particuand most significant power centre.” larly where single detached homes are concerned, you’ll be spending nearly half what you would in Local buses connect with the SkyTrain, Seabus Vancouver proper. and West Coast Express, making commuting to Vancouver, the Vancouver International Airport In Part 2, we’ll go into depth on Port Coquitlam’s and beyond a breeze. The Lougheed Highway con- many amenities and services.

Looking for more? Browse past articles and read up on the latest new projects at www.bcnewhomes.ca

PHOTO CREDIT: WESTWOOD PL ATEAU GOLF & COUNTRY CLUB

12075 Edge St, Maple Ridge Phone: 604.466.8783 www.edgeonedge.com

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Marketed by Circadian Developments Ltd. and Maureen Seguin, Century 21 In Town Realty 778.772.3695. Managed by The Circadian Group of Companies. This is not an offering for sale.

Any such offering may only be made by a disclosure statement. E. & O. E.

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Cheque • Credit Card • Bitcoin Quantum Properties, a British Columbia company, has been developing properties and constructing multi-family residential and commercial buildings since 2000. The Quantum Properties Group of Companies includes Quantum Realty and Quantum Properties Construction.

Marketed by Quantum Realty Inc. and Trevor Street PREC, Keller Williams Elite Realty. 778.846.9096. 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.

32 New Homes Magazine |

Visit www.bcnewhomes.ca for details on over 315 local new home developments

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2183 Prairie Ave Port Coquitlam

| New Homes Magazine 33

Bloom: Parkside Living in West Coquitlam

C

ompletely finished and ready to move-in, Springbank Develop- trol, maintenance, and pressurization issues keeps long-term costs ment’s newly completed community in Burquitlam is sure to im- down, as does avoiding costly, often under-utilized amenities. Built press. Families don’t need to spend a year or more feeling unsettled on a quiet cul-de-sac adjacent to Burquitlam Park and a community as though they have one foot in their old neighbourhood and one in the garden, Bloom’s residents will enjoy an abundance of amenities that new while they wait for construction of their new home. They can walk are within convenient transit and walking distance, amenities funded into the new homes at Bloom and see the genuine article: not an art- by the entire community. ist’s rendering of the view, but the view itself; not a specification sheet, The arrival of the Evergreen Line and completion of nearby combut the finished product with all of the features and details in place. mercial developments will make life at Bloom even more convenient.

“If you’ve visited our sales centre in the past, you’ve already seen the It’s all right there: shopping, recreation, and ready access to work or level of finishing and attention to detail,” says John Ritchie, president school. Even Simon Fraser University is just a 5-minute drive or easy of Springbank Development Corp. “But you really need to come back bus ride away — without the isolation and inconvenience of living on for another look because now you can actually experience your new the mountain itself. home — touch it, look at the view out your window, and measure out “As a location, West Coquitlam is tough to beat,” John says. “You’re the perfect spot for your sofa or artwork. Then all you need to do is close to shopping, schools, and every urban amenity you can think call the moving company, and you’ll be ready for spring entertaining.” of. The new Evergreen Line that will be just 300 metres down the road Having the ability to see the finished product allows buyers the op- is well under construction, meaning access to downtown Vancouver, portunity to experience the difference of a stacked townhouse design SFU and BCIT is going to get even easier than it already is. But because concept that has every home accessed directly from a courtyard rath- Bloom is located on a cul-de-sac right next to Burquitlam Park, it still er than from an internal hallway. And Bloom’s innovative design keeps feels very quiet and secluded.” quality of life high and maintenance costs low. Direct outdoor access Though the stacked townhouse concept places homes adjacent to gives a greater sense of connection with the natural setting along each other, state-of-the-art design and techniques minimize sound with larger decks and patios, perfect for entertaining or container transfer between the units to deliver an interior environment as trangardening. Eliminating interior hallways with their temperature conquil as the exterior setting. With decades of experience constructing homes for lower mainland families, the Springbank team have a proven track record: designs that stand the test of time executed with quality and durability that delivers lasting value.

This is an ideal time to explore Bloom’s exciting opportunity, an opportunity to become part of a new community now and avoid the uncertainties. Over the course of a year or two, many things can change, from construction delays to completion costs to mortgage rates. A move-in ready home at Bloom eliminates the guesswork.

For more information visit Bloom’s display home from noon to 5pm daily (except Fridays) at 618 Langside Avenue in Coquitlam, call 604.939.8808 or visit www.liveatbloom.com.

34 New Homes Magazine | Visit www.bcnewhomes.ca for details on over 315 local new home developments

ng i m ! rd o 3 n C o 2 o & S nd 2 2 b Fe

COQUITLAM TOWN CENTRE!

3 & 4 BEDROOM SINGLE FAMILY RESIDENCES Coming to your neighborhood! Riversrun‌ 38 single family residences. Spacious layouts and proven designs, all of our 3 and 4 bedroom plus basement homes are craftsmen inspired to take full advantage of forest views, private settings and the utmost in quality and design. A short walk to all of Coquitlam Town Centre amenities, award winning schools, West Coast Express and the newly scheduled Evergreen SkyTrain line due in Sept 2016.

Grand Opening Feb 22nd and 23rd, 2014

Register now for further updates and showhome locations.

REGISTER NOW AT RIVERSRUN.CA Exclusive Marketing Brian and Marcela Lamb

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604.961.8883 The developer reserves the right to make changes and modifications. Prices subject to change without notice. E. & O.E.

Visit www.bcnewhomes.ca for details on over 315 local new home developments

|

New Homes Magazine 37

Albion Station Where Standard Finishings Shock, and Sticker Price Delights

A

lbion Station is a vibrant townhome community, centrally located Buyers can choose from 2-bedroom or 3-bedroom homes, with a in the Albion area of Maple Ridge immediately north of the Fraser wide range of floorplans to suit different families’ needs. The 3-level River. A quickly growing neighbourhood, the central location of Albion homes include tandem garages on the main, green space plus spais an ideal spot for families and active adults who enjoy urban conveni- cious decks for additional living space. Open-plan layouts make the ences as well as both indoor and outdoor leisure pursuits. The area is most of over-height windows and airy colour schemes for a spacious also future home to the Albion Flats commercial development which and modern look throughout. All homes are fully pre-wired for today’s is anticipated to be a successful employment generating project. technology, security and entertainment requirements.

Current Maple Ridge residents will appreciate this new offering of exceptionally built homes close to both elementary and secondary schools, Planet Ice, and various sports fields for baseball, soccer and lacrosse games. Newcomers to the area will be delighted by the convenience of Maple Ridge’s growing city centre, and their favourite urban conveniences, and will also welcome the ease of access to both Lougheed Highway and the West Coast Express commuter train.

Both busy families and hosts-with-the-most will love the gourmet kitchens, whether they choose the sleek white-on-white or the contemporary black-on-white cabinetry, tile backsplash and counters options. The included extras provide the shine and sparkle, from single-lever industrial style faucets, to soft-close cabinet doors, to the quartz countertops and kitchen island seating and storage. The quartz and cabinetry are echoed in personal spaces, with main bathrooms featuring deep soaker tubs and ensuites boasting walk-in rain showers.

Albion Station is offered by the Platinum Group of Companies; a Georgie Award winning builder that is well-established and highly respected in British Columbia. Renowned for developing quality homes “Public reaction to Albion Station has been extreme; one unit sold on with exceptional finishings and craftsmanship, the company prides first sight based on the tremendous worth of the standard features. itself on the highest level of integrity, professionalism and customer service. Again with the Albion Station development, the Platinum These homes are everything that first-time buyers, young families Group delivers on meshing affordability with superior building stand- and down-sizers are looking for: central location, above-average finishings and great value,” says Antalek. “Priced cheaper than most ards and exceptional features.

2-bedroom condos in downtown Maple Ridge, the $254,900 entry “People are absolutely shocked at what they’re finding at Albion Sta- price also qualifies buyers for the GST rebate.” tion. Things they think must be extras, yet they’re not: stainless steel appliance packages, slide-in glass-top ranges, kitchen islands with Albion Station is located near Lougheed Highway and 240th Street in quartz countertops, spindle railing details, laminate flooring, these Maple Ridge. Prices start at $254,900 for an 1144 sq.ft, 2-bedroom are all standard for the Platinum Group,” says Ron Antalek, Re/Max home, and from $279,900 for 3-bedroom homes. The Sales Centre Lifestyles realtor and the marketing realtor for Albion Station. “The is located at 10151 240th Street and is open weekends 1-5pm. More fit and finish is the part that really blows people away when they get information is available by contacting Ron Antalek at 604.351.3261 a look inside.” or ronantalek@remax.net, or by visiting www.platinum-group.ca.

38 New Homes Magazine |

Visit www.bcnewhomes.ca for details on over 315 local new home developments

A 30 minute Drive Could Save You Over $100,000!

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The Edge

Downtown Living in the “New” Maple Ridge

T

he city has moved to the suburbs: Maple Ridge is fast becoming a the first year, $150 / month for the second year, and $100 / month for vibrant, urban centre for those seeking culture and convenience at the entire third year of Edge mortgages. a comfortable price. The Edge on Edge is a new condominium devel“This is your opportunity. Low interest rates, no property tax and our opment nestled right in the heart of the city, and part of the growth bonus offer. What better opportunity could there be?” says Webster. that’s bringing new occupants to the downtown core.

With prices starting under 200K, the Edge gives first-timers and MacLean Homes has been developing residential homes and com- downsizers little reason to stay away from home ownership. munities in British Columbia for 33 years. The Edge is another shining The Edge development offers a variety of one- and two-bedroom example of the developers’ ability to scout out the most desirable condo layouts, some with den and / or extra bathroom. The homes locations for new residential projects. Lifestyle preferences are as offer a sleek, contemporary design that maximizes use of all space important as a condo’s feature sheet, when it comes to designing for stylish functionality. Upbeat colours in a choice of warm or cool suites that residents will really live in and come to call home. tones, and finishings such as wood-style, laminate flooring and easyThis growing community combines the ease of city living with won- care nylon carpeting give a modern appearance while keeping home derful access to the great outdoors. Ideally situated, Maple Ridge maintenance a breeze. provides an easy commute to Vancouver via the West Coast Express, Standard features in each home include granite kitchen countertops, or eastbound by the Trans-Canada Highway. The Golden Ears Bridge custom cabinetry with designer pulls, double sinks with vegetable has opened up travel to and from neighbouring cities, and made Maple sprayer, and stainless steel appliances including dishwasher. Main Ridge more accessible for commuters and visitors alike. bathrooms are a welcome sanctuary with deep soaker tubs, single “This is the new Maple Ridge. The bridge has made all the difference, lever pressure balanced shower controls, and ceramic tile flooring. and really opened up the area to people who couldn’t come before. Homes are pre-wired for alarm systems and include multiple jacks Plus, the shopping is there now, and the restaurants are quickly fol- for both television and telephone services. lowing,” says Dave Webster, marketing manager with MacLean Homes.

The Edge is located at 12075 Edge Street in Maple Ridge. The four“The Edge is right beside the grocery store, pharmacy, coffee shop and story development includes studios, one-bedroom, one-bedroom + the municipal complex with community centre and theatre.” den, and two-bedroom condos that range in size from 572 to 979 sq.

If location is everything, cost seals the deal for Edge buyers. Maple ft. Homes start at $154,900, and there are 25 homes priced under Ridge has temporarily lifted property taxes on downtown residences, $200,000. The presentation centre and display homes are open daily and interest rates have remained low. MacLean Homes has upped the (except Fridays) from noon until 5pm. More information and tour bookante and is offering a special promotion to help out with the monthly ings are available by contacting the sales office at 604.466.8783, and mortgage payments: the developer will contribute $200 / month for home details are also available at www.EdgeOnEdge.com.

40 New Homes Magazine |

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So why rent and pay a landlord – when you can start building equity in a home of your very own.

Edge is located in the heart of Maple Ridge – the #5 Top Canadian 2010-2015 Place to Live for Lifestyle.** The best reasons for living here are: accessibility, affordability and lifestyle, and Edge is located right in the centre of town.

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Sales Centre & Display Suites open 12 – 6pm (except friday) 12075 Edge Street, Maple Ridge • Telephone 604.466.8783 *Based on a studio for $149,900, with monthly mortgage payment of $768. MacLean Homes will rebate $200/mth. in year one, $150/mth. year two, $100/mth. year three. **According to the Real Estate Investment Network (REIN).

NORTH VANCOUVER | WEST VANCOUVER

Dundarave Village

WORTH A LOOK:

A Seaside Retreat in West Vancouver

131 East 3rd St, North Vancouver Phone: 604.988.8800 www.theanchorliving.com

Cove Gardens 101 – 221 Panorama Dr, North Vancouver Phone: 604.924.1800 www.milorihomes.com

Haywood 2434 Haywood Ave, West Vancouver Phone: 604.281.1501 www.haywoodave.com

Northlands 3300 Mount Seymour Pkwy, North Vancouver Phone: 604.800.2120 www.ntliving.com

A

historic community with a mile-long seawall and Oceanside view of Stanley Park, Dundarave Village is located along the North Shore of Vancouver’s Burrard Inlet. Prior to the construction of the Lions Gate Bridge, as Vancouver’s population grew, Dundarave was an escape for many Vancouver residents that rowed their boats across the inlet to vacation at summer cottages.

Today, the community is still regarded for its oldfashioned charm, sandy beaches, unique shopping district and relaxing waterfront residencies.

An original founder of Dundarave Village, settler John Thomas was one of the first full-time residents that transformed the Village from a vacation spot into a developed community. Thomas helped the Dundarave community take shape by building the first house on Hollyburn Creek, and today his Hollyburn House still stands as a retirement home and the oldest continuously inhabited residence in the Lower Mainland.

Dundarave’s town center boasts spacious green parks and a unique shopping district with boutiques, cafes, art galleries and other locally owned shops, which contribute to the tight-knit culture and sense of community in the village. The smalltown appeal provides picnicking areas for families in the summer and the traditional Dundarave Festival of Lights in the winter.

To promote growth and sustainability to the Dundarave community, the Dundarave Business Association [DBA] was founded by local business owners to uphold the heritage of the village, but also to support a thriving economy for local merchants and create an attractive shopping district for residence and tourists. The DBA works with the Municipality and Council of West Vancouver to maintain and improve the community through civic engagement, events, support to local businesses and even through public safety and security.

With a selection of public and private schools, the Dundarave Village hosts activities and events for families and residents to enjoy. The Dundarave Farmers Market is held every Saturday from May through October, and the ‘Royal Tea by the Sea’ and ‘Taste of Dundarave’ are two such family friendly events that the entire community takes part in each year. The Dundarave Fish Market attracts visitors all year round, from North Vancouver to Downtown, with the freshest, most flavorful seafood across Vancouver city.

Following Marine Drive from the Lions Gate Bridge will lead tourists into the Village, and West Vancouver’s public transit provides bus services to residents of Dundarave from Horseshoe Bay, Park Royal, Downtown Vancouver and various other stops across the West End.

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The Anchor

MORTGAGE MATTERS

Mortgage Terms: Fixed vs Variable — What’s the Best Option?

T

his would be a simpler topic if we were unemotional beings. Spock would select variable rate every time.

Definitions Fixed rate mortgage — The interest rate is fixed for the length of the term chosen. This is perceived as ‘safe’. Fixed rates are set in relation to the Bond Market.

with my first mortgage, I understand this mindset. My mistake was listening to my Parents, who had made the mistake of listening the bank, without any of us understanding the banks motives were shareholder-profit driven, not so much about looking out for my Mom and Dad’s or my best interests.

Prepayment Penalties

Variable rate mortgage — The interest rate is predicated on the Bank of Canada’s Prime lending rate and has the potential to go three directions at any one of the eight BoC meetings per year; The rate can either increase, decrease, or as it has done since September 2010 — remain where it is with no change.

Easily overlooked in the heat and excitement of a first time purchase is the question of prepayment penalties.

Let’s confirm a few facts about the variable rate product before we go any further;

In the case of a 5yr fixed rate product a prepayment penalty equivalent to ~3% of the mortgage balance will be triggered. ~$3,000.00 per $100,000.00 of mortgage balance.

The interest rate cannot ‘spike randomly’. In fact there are eight pre-scheduled Bank of Canada meetings at which the decision is made whether to move the Prime lending rate or not.

The interest rate will not ‘double overnight’. In fact the interest rate is unlikely to move by more than .25% following any given meeting. The Bank of Canada has not moved prime since September of 2010 as of this printing.

The payment will not ‘double overnight’.

Certain lenders offer a ‘fixed payment’ option — whereby no matter where Prime moves your payment remains constant for the 60 month term. (this can be an especially effective product for an investment property, or in the case of the client holding a second property which they’re trying to sell.)

Statistically, for the past 40 years of history the variable rate mortgage has been the correct choice for reduced interest expense. At any point when one locked into a 5 year fixed mortgage rate they effectively entered into a losing proposition.

Over the past few years many clients walked into my office adamant that they wanted a 5 year fixed rate mortgage, end of story. Considering I did the same thing

6 out of 10 Canadians will break their current mortgage at an average of 38 months.

With the stat that high, and consistent for many years, it is worth paying attention to.

It would be incorrect to suggest that any of these mortgages are broken due to the availability of lower rates as lenders structure prepayment penalties to negate any savings from a simple refinance to a new lower rate. Rather, mortgages are broken for a number of other reasons including marriage, divorce, employment upswings and downswings as well as personal health issues. Renovations and funding personal business; are also consistent motivators.

A variable rate mortgage, with its guaranteed prepayment penalty of three months interest (only), is a wiser choice for many. Currently this equates to ~.70% of the mortgage balance, or a prepayment penalty of ~$700.00 per $100,000 of mortgage balance.

Basically clients currently in five-year fixed rate mortgages with 1, 2, or 3 years

left in their term are being hit with a prepayment penalty approximately five times higher than those that chose a variable rate mortgage. This has a compound effect for clients that effectively paid a higher interest rate all the way along in that fixed rate product as well.

Moving forward if interest rates remain constant, as many (including myself) expect them to, these penalty figures will also remain constant. Do not fall into the penalty trap many are in 3-4 years later with their own 3.69% mortgages today.

At this point I will reiterate a thought that I put out there regularly; Ask your banker or your broker what they have done with their own personal mortgage(s) and why they chose what they chose.

In the interests of full disclosure it should be pointed out that Brokers and bankers alike are compensated more generously for clients who lock in for longer terms at higher rates.

If I were to make an argument in favor of my client locking into the 10 year fixed rather than a two year fixed my paycheck triples.

However I cannot make that argument as I have yet to find a client 808 mortgages later that such a long term product serves.

Instead I prefer to see clients pay down there mortgage faster, making the higher rate payment on the lower rate mortgage product. Safety, in my opinion, is a lower mortgage balance — faster.

Most people’s lives changed quite radically every three years, I know that mine has… since birth. Five year plans rarely work out in real life.

Have an in depth conversation with your Broker.

DUSTAN WOODHOUSE

Dustan@OurMortgageExpert.com Phone 604.351.1253 For regular market updates, follow me

@DustanWoodhouse

NORTH VANCOUVER | WEST VANCOUVER

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| New Homes Magazine 45

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