THURSDAY, APRIL 6, 2017
VANCOUVER EASTSIDE
info@rew.ca • 604-435-7977
REALTORS® in Real Estate Weekly are working hard for you. Whether buying or selling, check out the newest and most amazing homes listed in your neighbourhood.
R E A L E S TAT E W E E K LY
Budget 2017 Promises $11.2bn for Social Housing,
No Cooling Measures for Real Estate
T
he 2017 federal budget announced Wednesday, March 22 put to rest the possibility of national foreign homebuyer taxation or changes to capital gains taxes, while revealing plans for multibillion-dollar investment in affordable housing. Minister of Finance Bill Morneau revealed that the federal government is investing $11.2 billion to support a National Housing Strategy. Moreau considers it, “the largest single commitment in Budget 2017.” The $11.2 billion will be spread out over the next 11 years, and includes: • $5 billion for a national housing fund to support creation of new affordable housing and rental units, administered by the Canada Mortgage and Housing Corporation (CMHC); • $3.2 billion for provincial efforts to
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support affordable housing; • $2.1 billion to address homelessness; and • $241 million for CMHC to improve data collection. In an effort to create a sustainable social housing sector, the government says it will also make more federal land available for housing projects. “We’re repairing nearly 50,000 social housing units, to make sure families have a safe and secure place to live,” Morneau said. There had been widespread speculation that a change in capital gains taxation would be imposed to curb real estate speculation, while keeping the exemption from capital gains tax for those selling their primary residence. However, there was no such announcement. Frank O’Brien, editor of REW.ca’s sister
Vancouver Needs a “Housing Strategy Reset:” City
newspaper Western Investor, told the Real Estate Therapist radio show on Roundhouse Radio March 25 that just because the federal government had not made any changes to the capital gains tax in this budget did not mean they wouldn’t do so separately or next year. “I think the government is setting us up for a big change in the capital cost allowance,” he said. “You have to remember they bring in a budget every year. There’s a lot of paranoia in the market now that the government requires everybody to report the sale of a property. Principal residences are exempt from CCA, but rental income properties are not. So now the more-rigid policing of property sales could expose a lot of people to increased tax, especially if they are selling their principal residence but it has rental units like a laneway house and a basement suite. The government is pulling all this information together and they’re not doing it to send out press releases, I think it’s going to be a major
Buying a Home? How to Optimize Your Offer
tax grab next year – so fair warning about that. This year, we’re being lulled into the pit.” It had even been mooted that there might be a national foreign buyer tax introduced, like the one that Metro Vancouver has had in place since August 2016, but there is no sign of such intervention by the federal government so far. However, feds are investing nearly $40 million over the next five years to create a new nationwide housing database that will track foreign ownership. “The [Housing Statistics Framework] will represent a significant jump forward in the quality and type of housing data available and will yield signifi cant ongoing benefits by enhancing the ability of housing participants, commentators and policy-makers to monitor and analyze the housing market,” according to the 2017 budget. There were no major changes to tax measures, though Morneau said the government is committed to providing a fair tax system to the benefit of the middle class, with details to follow. More than $5.9 billion will be dedicated infrastructure development over the next year, with a focus on transit projects.
Photo Gallery: Whistler Chalet is Epitome of Rustic Luxury
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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY A P R I L 6, 2 0 17
$988,000
ST I L E V O B A SOLD WAY
Well cared for move in condition 4-bedroom 2-bathroom home in the trendy Fraser neighbourhood! This 1908 built Edwardian box style home features, 2 beds + bath up, and 2 beds + bath down (mortgage helper suite) ready to rent out. Lots of storage/ workshop. Close to transit and major bus routes. Walking distance to hillcrest community centre, Queen E. Park, and Memorial Park. Yard has been beautifully landscaped and cared for by master gardener over the years, truly great space to enjoy and escape the city. Well-designed gourmet kitchen opening onto back deck was skillfully and thoughtfully renovated in 2010. New floors in 2003. New roof installed by Penfolds in 2014. Fabulous location: walking distance to tons of grocery stores, veggie marts, new restaurants, and boutiques. View photos online.
5250 FRASER STREET $2,188,000
This is your chance to buy one of the last remaining 66’ lots on the eastside of Vancouver. Moreover, this home sits on a full 66x140 lot with RT-11 zoning in Vancouver’s prime Killarney/Collingwood neighbourhood! This family home was built in 1946 and is a classic wartime 2 br bungalow and is within walking distance of shopping, services, and schools. All sorts of options with this property including subdivision, development, etc. View photos online.
ST I L E V O B A SOLD WAY 2469 EAST 40TH AVENUE
$2,100,000
Great 48’x140’ level building lot in East Vancouver - Collingwood pocket with RT zoning! Buy and hold or redevelop this excellent lot with tons of options for a new home/duplex etc. Close proximity to shopping nearby on Kingsway and Victoria Street. Good transit access, walking distance to skytrain and 41st Ave Bus routes!
SOLD 2396 EAST 38TH AVENUE
www.dexterrealty.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale 2412 ST. CATHERINES ST. $1,148,000
Taking our Listings Global 1806-111 E. 1ST AVE.
$1,950,000
202-161 E.1ST AVE
4-BEDROOM TOWNHOUSE IN DESIRABLE MT. PLEASANT This beautiful Townhouse is a must-see! The main floor features an open-concept kitchen, living & dining space, the second floor has 3 bedrooms and a full bathroom and the top floor will be your oasis – with the large master bedroom, master bathroom & a bonus office. Unbeatable location, just steps away from everything. Emina Dervisevic 604-230-3580
$478,000
CONVENIENT, COMPACT & LIFESTYLE
3 BDRM WITH PRIVATE ROOFTOP TERRACE Brand new 3 bed Penthouse in the heart of Vancouver with exquisite views of downtown and the North Shore mountains. Steps from Olympic Village and right on the seawall to Downtown. Top of the line finishings. Extremely rare opportunity. Donʼt miss this gem of a home! Lisa Findlay 778-378-8090
1 bedroom + den in BLOCK 100 by Olympic Village waterfront. High-end finishings, parking & locker. Rentals & pets allowed.
dexter pm PROPERTY MANAGEMENT | A DIVISION OF DEXTER ASSOCIATES REALTY
FREE RENTAL RATE ASSESSMENT
778.996.1514 | www.dexterpm.ca
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY A P R I L 6, 2 0 17
“Your East Vancouver Real Estate Experts!” 2669 W.10TH AVE.
$1,599,000
Lisa MacIntosh
3•
Diane Kunic-Grandjean
SELDOM ON THE MARKET: 3 BED - 2.5 BATH 1662 SQ.FT. TOWNHOUSE IN KITSILANO An absolute 10! Convenient & private location for this 1,662 sq.ft. 3 bed, 2.5 bath townhouse in Kitsilano. Airy main floor w/ a contained, renovated Kitchen & separate pantry. Open concept for the Lvg room (w/ gas fireplace) & dng room accommodating house-size furniture. A full wall of windows overlooks a private, unique 477 sq.ft. deck (gas hook up). Retreat and relax in the very generous master bed with soaring vaulted ceiling & big bay window. The 2nd bedroom rivals in size & ceiling height with a walk-in closet. Best for last: the bright eagle’s nest top floor bed w/ its very own en-suite w/claw foot bathtub. Storage galore throughout incl. crawlspace. 1 secured parking. 1 visitor parking. 2 cats or 1 dog welcomed. No rentals allowed. This home will fit many lifestyles and is such a pleasure to show!
NEW LISTING #2-224 E.12TH AVE.
$579,000
MOUNT PLEASANT MEETS MAIN STREET 2 BED – 1 BATH – IN-SUITE LAUNDRY – RENTAL ALLOWED – 1 CAT OR DOG -830 SQ.FT. Just unwrapped for spring! This very well laid out 2 bed & 1 bath home is in a unique & very well-maintained boutique building of only 5 units. The entire suite occupies ½ of the 2nd floor & only shares one wall with the neighbor. The 2 bedrooms lay at each end of this smart floorplan for utmost privacy. A modern, functional & renovated kitchen with countertops galore is adjacent to an airy dining area with it’s very ow window. The vast Living room accommodates many a style & size of furnishing, while letting a tremendous amount of natural light through an oversized sliding door. In-suite laundry, hot water tank, BBQ welcomed on your newly renovated balcony (membrane and railing), a large storage locker, secured bike locker and 1 parking stall too! Rentals allowed, 1 cat or 1 dog welcomed. Located where Mount Pleasant meets Main Street, this is the place to call home!
GREAT LOCATION CALLS FOR GREAT OPPORTUNITY! 525-527 MALKIN AVE.
$1,875,000
NEW LISTING
1 BED – 1 BATH – 508 SQ.FT. – WEST END LIVING AT ITS BEST!
Calling all builders, Developers and forward thinkers alike! Nestled in a fantastic little pocket between Strathcona and The Drive are two RT-3 irregular lots forming a whopping 5,865 square feet! Facing South-West, these lots offer open views all the way to City Gate to the West and Terminal Avenue to the South. Across the street lays Trillium Park with its turf fields, playground and dog park. Further West will see the potential relocation of St Paul's Hospital. A truly unique opportunity in an ever growing neighbourhood! RT-3 zoning with potential of 3 dwellings. Build two 1/2 duplexes & an infill house, all 3 could potentially be stratified and sold separately (to be confirmed by Buyer with City of Vancouver). Drive-by first, then call us!
609-1040 PACIFIC ST.
$399,000
Some call it living on the Peninsula, others the West End. In both cases, our 1 bed/1 bath ppty is offering you the lifestyle many dream of: a 3 min walk to sandy beaches, English Bay, Stanley Park & sunsets galore. Beautifully & smartly reno’d, well laid out w/ an attractive, modern kitchen & ample cabinets, opening onto a generous Dng & Lvg space for great entertainment time. Sip your coffee/glass of wine/beer at any time on the covered balcony; BBQ is ok. The bdrm easily welcomes a queen bed and a few chest of drawers. Great amount of in-suite storage throughout & 1 storage locker on the same floor. Secured bike room, 2 cats allowed (no dogs). Pkg & rental on wait list. On the6th flr of a concrete bldg. at such an attractive price, how can you possibly miss the opportunity of living the life?
L i s a M a c I n t o s h Te a m - D e x t e r A s s o c i a t e s R e a l t y Medallion Club - Top 10% of Realtors in Greater Vancouver Photos & Visual Tours at: www.lisamacintosh.com Email: lisa@lisamacintosh.com Tel: 604-263-1144
Bob Bracken
Real Estate Services Each office independently owned and operated.
410-650 W 41ST Avenue, Vancouver, BC V5Z 2M9
604.263.2823
bobbracken.com bob@bobbracken.com
HOUSES DUPLEX TRIPLEX 4PLEX 5PLEX 6+ UNITS APARTMENT BUILDINGS DEV SITES COMMERCIAL DR 4 UNIT REVENUE BLDG
NEW
4 UNITS
LISTING
CAMBIE 7 UNIT BUILDING ON BIG LOT
7 UNITS
INCOME
CAMBIE MULTIFAMILY 6+ UNIT BUILDING
6+ UNITS
INCOME
1847 VENABLES STREET
482 WEST 17TH AVENUE
475 WEST 19TH AVENUE
• Big 4 lvl Char Income Property, 3419 SF, potential Inc $87,300/yr, Views • 4 Legal Suites, Commercial Dr Area, Updates & More, 30’X124’ RT-5 Lot • Investors, Owner-Occupiers, Shared Ownership Asking $2,225,000
• Huge 4 lvl Character Revenue Building, 4598 SF, Gr Income $114,480/yr • 7 Suites, Recent Renos, Newer Garage, Big 46’X137.5’ RS-7 Corner Lot • Investors, Owner-Occupiers, Shared Ownership Asking $3,298,000
• Big Char 4 level, 4175 SF Multifamily Building, Gr Income $96,780/yr • 6+ Legal Suites, Fantastic Cambie Location, Garage, 33’X122’ RS-7 • Investors, Owner-Occupiers, Shared Ownership Asking $2,750,000
Real Estate Investment Think Bob Bracken
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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY A P R I L 6, 2 0 17 Over 40 years of experience in selling and custom building luxury homes in B.C. Top 1% President Club Award of All Realtors in Real Estate Board of Greater Vancouver.
Diamond Master
NORM FLOCKHART
PREC
BALDEV SANDHU & JULIANA HO TEAM Top New Home Construction Award
(604) 261-7275
Free Market Evaluation. Sell your house fast. Buyer with Cash looking for building lot. Custom build your dream home.
13 Year Member of MLS Medallion Club
BALDEV SANDHU 604-880-9571 www.BaldevSSandhu.com DaveSandhu@royalpacific.com
ROYAL PACIFIC R E A LT Y
MASTER
JULIANA HO 778-869-9688 www.JulianaHo.com Juliiho@gmail.com
MAGNIFICENT SOUTHERN VIEW HOME
OPEN SAT & SUN 3-5!
$1,495,000
1311 E 63rd Avenue $2,198,000
OPEN HOUSE SUNDAY 2-4 PM
- A beautiful home on a 42x117 ft property - Nicely upgraded gourmet kitchen with s/s appliances, granite counter tops - 7 bedrooms, 4.5 bathrooms, living, family & dining rooms - Fireplace, radiant heating, bbq area, home theater & bar at basement, triple garage
A BRAND NEW HOME WITH SPECTACULAR CITY VIEWS 3665 Franklin Street $2,188,000
LOVINGLY MAINTAINED! 5 BR FAMILY HOME! A pleasure to show! 3 BRs & 1 1/2 baths on Main w/ original oak flrs. 2 more BRs in full height, ground level unit. 2 gas stoves, 2 fireplaces, plus laundry machines up & down. Flexible layout. 2276 sq.ft. Delightful Kensington Place locale! 5079 Windsor Street, Van.
2810 sf living area plus Laneway house - Gourmet kitchen, prestigious chandeliers, electric fireplace - 7 bedrooms and 7 full bathrooms and a legal suite at basement - High end bathroom fixtures, radiant heat, airconditioning, HRV - Beautiful landscaping and garage
$1,489,000
KNIGHT FAMILY HOME 5848 Culloden Street $1,528,000 - A bungalow with basement - Convenient location on a quiet street - Ideal lot size 41.2x118.7 - 2034 living area, 6 bedrooms, 2 kitchens, 2 bathrooms - Good to hold with mortgage helper and build later
Our mobile banking specialists are conveniently located.
KENSINGTON KLASSIC! LONG-TERM OWNERS! This 2 BR bungalow boasts in-laid oak floors in LR/DR. Sunny Kitchen w/tile floors & backsplash, plus a built-in pantry. 3rd BR & Rec Rm down in 6'11" high bsmt. Suite potential. Fenced backyard. Double garage. 39.75' x 109.1' view lot!
1322 East 34th Avenue, Van.
www.normflockhart.com
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†Prospera will reimburse up to a maximum of $1,000 the discharge fee charged by the member’s current financial institution and/or any new legal and appraisal fees. For full details on the myStyle mortgage and Prospera Perks, please visit www.prospera.ca, talk to us at a branch or call 1.888.440.4480. *Some conditions apply. The Annual Percentage Rate (APR) is for a mortgage of $100,000 with monthly payments and a 25-year amortization, assuming no fees apply. If fees and/or charges apply, the total Cost of Credit and APR would increase. This promotion is subject to member(s) being approved by Prospera Credit Union’s lending guidelines. Offer and rate may be changed, extended, or withdrawn at any time without notice. Available O.A.C
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY A P R I L 6, 2 0 17
5•
604 • 263 • 9988
President’s Club Diamond Master Medallion
Extraordinary family estate compound w/3 individual residences. Approximately 17,165 sqft of combined living spaces located on over 1.1 acre view lot in the heart of prestigious First Shaughnessy District. The “Estate Home” is a Heritage B home, but completely restored wcareful attention to quality, craftsmanship & materials. It showcases over 10,000 sqft of elegant living w/ impressive porte-cochere, grand foyer w/huge fireplace & mahogany stairways, high ceilings, traditional cross-hall L/R & D/R, contemporary kitchen, 5 large bdrms, leaded windows, meticulous landscape, new plumbing & new wiring. The “Garden House” has over 3,400 sqft of comfortable living area w/3 wellappointed bdrms, huge principal rooms w/ artist paintings, media room, garden views & air conditioning. The “Villa” has lavishly been renovated w/taste & quality. Over 3,600 sqft of luxurious living w/entertainment size L/R & D/R, modern kitchen w/eating area overlooking the heated pool & cabana, 3 bdrms upstairs w/spa-inspired master ensuite, city & mountain views, skylight, A/C, sound system throughout the house & a mature garden for complete seclusion &privacy. Adjacent to South Granville shops, art galleries & a short drive to downtown & renowned private schools..
TRULY RARE FIND
1238, 1242 & 248 Tecumseh Avenue $46,800,000
NEW LISTING
EVERLASTING VIEWS
FIRST SHAUGHNESSY MANSION
A GOLDEN OPPORTUNITY IN GOLDEN MILES!
A luxurious custom built home in the very best “Golden Miles” of prestigious Point Grey Road. On waterfront location, it captures everlasting views of water, mountain and city. Charming Rotunda foyer, sun-drenched spacious living room with high ceiling & floor to ceiling windows, gourmet kitchen with skylight & eating area, family room with cathedral ceiling, entertainment sized recreation room with wet bar, 3 bedrooms + 2 den (potential bedrooms) including master suite with private deck. Rooftop decks for your enjoyment or entertaining. Attached 2 car garage. Over 5,200 sqft of comfortable family living. Point Grey park & Kitsilano Beach close by. A short drive to downtown & U.B.C.
A great opportunity to own this precious First Shaughnessy property. On a huge lot size with over 32,000 sqft, this well maintained Heritage B mansion offers over 7,200 sqft of charming living area. Elegant millworks throughout the house. A total of 6 Bedrooms (can easily be converted to 8 bedrooms) and spacious principal rooms. Modern kitchen was updated a few years ago. An enormous private backyard for your entertainment. Renowned private schools are nearby. South Granville eateries and galleries and downtown are just a few minute drive.
An excellent opportunity to grab this waterfront property in the most prestigious Point Grey Road area. This private residence offers vista views of water, mountain and city from all three levels. Main floor showcases spacious living and dining room. Sunken family room with floor to ceiling windows to capture the panoramic views and natural light. Upper floor has 3 bedrooms with a huge view deck. The lower floor complete with a recreation room, one bedroom, 2 offices (another potential bedroom), a balcony and separate entry. Bonus: a private pathway to the beach for swimming, kayak or windsurfing! A short drive to U.B.C., West 4th Avenue eateries, Kitsilano Beach and downtown.
2707 Point Grey Road $23,800,000
3690 Selkirk Street $19,800,000
3519 Point Grey Road $11,980,000
SHAUGHNESSY CHARM This Estate with progressive updates restored over the years on a desirable North/ South 100'X125' garden lot offers over 5,840 SqFt living area. Beautiful woodwork & built-ins throughout. Traditional X- hall living & dining areas, a den & an enormous Chef dream kitchen on main. Upper flr has 4 large bdrms (Master & guest bdrms w/romantic balconies). The top flr includes a newly renovated Great room, a bdrm & a bathroom. Basement has 1 more bdrm, a huge Rec. room, game room & plenty of storage. Entertainment sized porch for your private retreat. O/D sauna & spa. Heated, wood-lined & loft styled 3-car garage could be for entertainment. Don't miss this opportunity to own your home in 1st Shaughnessy!
1981 West 19th Avenue $11,880,000
★
ELEGANCE, PRIVACY & SOPHISTICATION Youʼll love this Spectacular Georgian Residence on Minto Crescent in Prestigious Shaughnessy. This 6 bdrm home + immaculate oversized 5-car garage (a rare find) offers over 7000 sf of generous space for luxurious living & large scale entertaining. Enjoy the gourmet kitchen & wok room that flow to a stunning O/D kitchen. Complete w/Versace Tiles, Chandeliers, Hand Painted Walls & Art Ceiling, Executive Den, Hot Tub, Theater, Wine Cellar, Games Room, Bar, Flex Space & A/C. This mountain view property sits on over 15,000 sf of impeccable landscaping & is on a quiet & captivating cherry blossom lined st. Minutes to luxury shopping & top private schools. Shows like new & ready for move in. A pleasure to arrange your private viewing.
1337 Minto Crescent $16,980,000
DESIRABLE SHAUGHNESSY
LUXURIOUS LIVING
A RARE FIND
This south facing home w/over 11,000 sq ft level lot in Shaughnessy. Newly renovated 6885 sqft of living area offers comfortable living, dining & family rooms, 7 bdrms (4 up, 1 on main 2 downstairs) + den, gym, media & recreation room. High ceiling grand foyer & irreplaceable layout throughout. Spacious 4 car garage & wrap around secured yard. Beautiful tree-lined street. Walking distance to Shaughnessy Elementary, Little Flower Academy & York House School. Mint move in condition & proud to show. Must see to appreciate.
Designed by a renowned local architect, this 7 year old Shaughnessy residence offers over 5,100 sqft of comfortable living. Bright living & dining room. Gourmet kitchen w/wok room & eating area. Family room leads to entertainment sized BBQ area & O/D pool. Upper floor has 4 well-appointed bdrms, all ensuite. Spacious recreation room, wine cellar, guest room,storage & laundry down. Close to renowned York House private school & Little Flower Academy. 4868 Marguerite Street $6,998,000
Panoramic water, mountain & city views in popular Mackenzie Heights! A charming, bright 4-level family home with excellent layout and beautiful views. Renovated in 2000 & 2007, this home has many updates including a newer kitchen, hardwood floors & bathrooms. Impressive living room with double heighted ceiling. A total of 5 bedrooms and 4 and a half baths. Watch fireworks on a huge wrap-around rooftop deck. Extra large sized 2-car garage plus one covered carport. Walking distance to Prince of Wales High School.
1689 West 29th Avenue $9,980,000
www.manyeelui.com
info@manyeelui.com
2889 West 28th Avenue $4,998,000
2105 West 38th Avenue, Vancouver
V6M 1R8
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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY A P R I L 6, 2 0 17
CARLA CRAIG NATALIE TAYLOR ANDREA KAVANAGH AMANDA CROSBY
*PREC *PREC *PREC *PREC
team@thekavanaghgroup.com
Select Properties Independently Owned and Operated
*Personal Real Estate Corporation $699,000
$3,798,000
$3,488,000
KERRISDALE AREA 851 SQFT, 2 BED 2 BATH PRIVATE & SPACIOUS CORNER SUITE IN BALSAM HOUSE 104-5350 BALSAM STREET
DUNBAR LOT 7140 SQFT, AREA 3448 SQFT, 6 BED 5 BATH BEAUTIFULLY UPDATED FAMILY HOME ON 59.5X120 LOT 4279 DONCASTER WAY
UNIVERSITY VW AREA 3854 SQFT, 4 BED 4 BATH SPACIOUS CORNER DUPLEX IN CHANCELLOR ROW 6028 CHANCELLOR BOULEVARD
$4,498,000
$3,288,000
$548,000
POINT GREY LOT 5490 SQFT, AREA 3255 SQFT, 3 BED 4 BATH CUSTOM-BUILT CRAFTSMAN STYLE HOME ON A 45X122 LOT 4363 WEST 14TH AVENUE
DUNBAR LOT 4290 SQFT, AREA 3189 SQFT, 3 BED 3 BATH CUSTOM BUILT HOME IN PRIME DUNBAR 4064 WEST 32ND AVENUE
WEST END AREA 630 SQFT, 1 BED 1 BATH FULLY RENOVATED 1 BDRM UNIT IN THE HEART OF WEST END 211-1080 BROUGHTON STREET
⾙毺哸㽱 604-737-8865 ⅾ睛淕 team@TheKavanaghGroup.com ༷즴
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY A P R I L 6, 2 0 17
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VANCOUVER EASTSIDE
THURSDAY, APRIL 6, 2017
Looking for a new home? Start here.
R E A L
E S T A T E
W E E K L Y
The residences at Virtuoso, in UBC’s coveted Wesbrook Village, embrace a central zen garden
Adera’s high-acoustic-performance homes at The Shore in North Vancouver
The now sold-out townhomes at South Ridge Club, Willsbrook
Adera: A Pioneer in Development Innovation This family-owned developer grew from a small operation in 1969 to the leading industry trailblazer it is today
F
amily-owned Adera is one of the province’s most respected multidisciplinary real estate companies, with nearly five decades of experience. Growing from a small operation in 1969, it has firmly established itself as a leader in innovation; a company that prides itself on its commitment to superior quality, the environment, the communities it serves, its employees, clientele and embracing the West Coast lifestyle. Adera’s culture is one that continuously pushes the boundaries of innovation while exceeding building code standards. Over the years, Adera has amassed a world-class port-folio that includes the development of more than 10,000 homes, and more than 3.5 million square feet of commercial space. Adera introduced its trademark Quiet Home™ construction technology in 2013, which has been certified as equal to or better than concrete built to code. “When touring the display homes, people can’t hear construction occuring only a few floors above,” says Eric Andreasen, VP of sales and marketing. “Sound transference
between floor and party walls – both airborne and impact – are significantly decreased so home owners can enjoy the comfort of their new home in peace and quiet.” With its North Shore condos – The Shore – Adera debuted the acoustically high performing wood-frame building technology in Western Canada. The awardwinning developer’s six-storey, low-rise building showcased a superior acoustic specification, which significantly reduced sound transmission between private residences. In another first, says Andreasen, Adera is now using Cross Laminated Timber (CLT) at its UBC project, Virtuoso. CLT is a mass timber product created from engineered wood panels with wood from sustainability harvested forests. Each CLT panel is typically 3 to 7 boards think, laminated at high pressure to create a strong luxury building material. “Imagine a slab of wood replacing a slab of concrete for the floor. Mass timber performs as well as, if not better, than concrete in most circumstances. It is lighter,
easier to work with and more sustainable. We feel it’s the way of the future,” he adds. Another example of Adera’s commitment to the environment is its multiple-awardwinning Seven35 – a collection of 60 urban stacked townhomes in North Vancouver. Seven35 was the first Multi-family LEED for Homes Platinum project in the country, and was Built Green Gold for several
sustainable features, such as its Waste Water Heat Recovery system and low VOC emission carpets. “Sustainability is baked into our DNA,” says Andreasen. “It’s important from a triple bottom line; lower monthly costs for our customers, personal satisfaction for us and it’s the socially responsible thing to do for the planet.”
Adera management team at the international Gold Nuggets Awards
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