Sept. 17–Oct. 1, 2022 INSIDE : WHEN IS THE RIGHT TIME TO BUY? CIVIC ELECTIONS AND HOUSING The first and only complete guide to pre-construction homes and condos Anthem Masterplan ProgramTM AMP One Price Program Metro Vancouver
Over 30,000 sq. ft. of amenities await, including an indoor swimming pool with steam & sauna rooms, a bowling alley, multi-purpose gymnasium, squash court, spin studio, and signature outdoor sunbathing beach. Relax and experience it all with an on-site amenity manager in the welcoming lobby to arrange all of your bookings.
Oasis at Concord Brentwood is the second phase of the exciting new master-planned community of Concord Brentwood. Nestled in the heart of vibrant Brentwood lies a hidden Oasis defined by its resort-inspired amenities while maintaining a close proximity to desirable shops, parks, transit & more. Mere steps away from Brentwood Town Centre and multiple transit options, Oasis at Concord Brentwood blends urban convenience with the tranquility of paradise.
Your Home. Your Paradise. Welcome to Club Oasis Concord Pacific Burnaby Sales Centre 4750 Kingsway, Burnaby ConcordOasis.com | 604.425.1383 *All illustrations reflect the artist’s interpretation of the project and do not take into account the neighbouring buildings, physical structures, streets and landscape. The developer reserves the right to make modifications, substitutions, change brands, sizes, colours, layouts, materials, ceiling heights, features & finishes and other specifications without prior notification. This is not an o ering for sale. Any such o er may only be made with the applicable disclosure statement and agreement of purchase and sale. Concord Brentwood (Oasis) Limited Partnership. E & O.E. OPEN DAILY: 11:00AM - 5:00PM WEST TOWER FIRST RELEASE SOLD REGISTEROUT! FOR EAST TODAY!TOWER REGISTER FOR EAST TOWER PRIORITY ACCESS
INCLUDING GST A vibrant community of spacious 3,000+ sq. ft. single family homes, 3 & 4 bedroom non-strata row homes and duplexes in the heart of Langley’s Willoughby neighbourhood. Whether you’re looking to upsize or downsize, Westbrooke is the place to call home. PHASE 3 ROW HOMES & DUPLEXES NOW SELLING!SINGLEROW$1.57MFAMILYHOMES$1.23M
TNORTHOWER SOLDOUT DI S T R ICTN W. C O M R EGI S TER TODAY S TU D IO, 1, & 2 BEDR O O MS IN D O WNTOWN S URRE Y With only 15% deposit, a Central Surrey location, Investment Program, and the security of a proven home builder - it’s easy to see why District NW is the best investment in Downtown Surrey. NO R TH TO W E R NOW SELLING OWN WITH 15% DEPOSIT WHEN PURCHASEYOU 5% 5% 5% IN 6 MONTHS ON ACCEPTANCE IN 18 MONTHS ON ACCEPTANCE + + The developer reserves the right in its discretion to make changes to the floor plans, project designs, features and dimension. Renderings are artistic concepts only. Square footage is approximate and has been calculated from architectural plans. Actual final dimensions following completion of construction may vary from those set out herein. E.&O.E.
*Steam showers are standard in all two-bathroom homes and optional to include in one-bathroom homes. The developer reserves the right to make changes, modifications or substitutes to the building design, specifications and floorplans should they be necessary. Renderings, views, and layouts are for illustration purposes only. This is not an offering for sale and such an offering can only be made after filing a disclosure statement. Sales powered by MLA Canada Realty. E.&O.E. O2metrotown.com Visit Today O2 Wellness Features Luxury Living Purified Premium Metrotown Location with Private In-Suite Wellness. At O2, private in-suite wellness features include steam showers*, filtered water and commercial-grade air purification systems that tangibly improve your overall health — because a healthy lifestyle is the ultimate luxury.
Adera’s Newest Mass Timber Community Coming to West Coquitlam
is not an offering for sale. Sales by disclosure statement only. E.&O.E. Sales & Marketing by Adera Realty Corp. SoL Adera Projects Ltd. Register Now at SolExperience.ca
This
Live the experience at SÕL, West Coquitlam’s newest collection of ONE-bedroom to THREE-bedroom, elegant, sustainable mass timber homes. Conveniently located at Como Lake Ave and Robinson, SÕL nestles into a peaceful residential pocket, just blocks from all the action in this young, growing city.
Visit the Presentation Centre 5549 Kingsway | 604 · 451 · 3636 Open Daily 12 to 5pm (Except Fridays) Now Selling | Thind.ca/Eclipse Studio, 1, 2 & 3 bedroom homes in Brentwood starting from $529,900. Eclipse offers a perfect balance of contemporary living, vibrant community, top class amenities, and access to transit. BR E N T WO OD HOM E S . BU RQU I T L A M PR ICE S . T H E B E S T PRE SA LE V A LUE IN B RE N T WOOD & B EY ON D WHEN PURCHASEYOU IN 3 MONTHS ON ACCEPTANCE IN 9 MONTHS ON ACCEPTANCE UNDER CONSTRUCTION - BOOK APPOINTMENT 5 % + 5 % + 5 % This is not an offering for sale which can only be made with a disclosure statement. The developer reserves the right to modify or change plans, specifications, features and prices without notice. Renderings are an artist’s conception and are intended as a general reference only. Please refer to the disclosure statement for exact offering details. E.&O.E.
CONTENTS 16 GROWING PLACES ANTHEM SEPT. 17–OCT. 1, 2022 | VOLUME 30, ISSUE 19 COVER STORY 8 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
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INSPIRATION 38 Pattern play Mixing patterns like a pro BY LINDA MAZUR 42 Terrific Tiles Bathroom tile trends BY SARA DUCK NEIGHBOURHOOD PROFILES 18 West End Vancouver One of the city’s shining stars 28 Surrey City Centre A new and emerging metropolis IN EVERY ISSUE 10 Editor’s Note 12 Inside 48 Listings41 Hot22 What’sVancouverOnlinePropertiesDirectory DISTRICT MAPS 14 DowntownVancouver, Vancouver 26 Surrey, Langley, Abbotsford & Mission 30 NewBurnaby,Westminster 35 Richmond, North Delta & Tsawwassen 40 Coquitlam, Port Coquitlam, Pitt Meadows, Maple Ridge & Port Moody 44 North Shore, Squamish 45 South Surrey, White Rock 47 Out of Town
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CONTRIBUTING EDITORS
32 IndustryRAPPExpert When is the right time to buy? BY BRITTANY REIMER 36 10 Minutes with A Q&A with Derek Fenton from Surrey-based developer Zenterra BY
DIRECTOR OF PRINT MEDIA Lauren Reid–Sachs
Published Advertisingnexthome.caby
Gary Chilvers
38 ADVICE 20 Mortgage Minute Understanding the mortgage trigger point
MARLENE
TWITTER: @MarleneEisner
Home
If you already own a home and are looking for a new one and are wondering how the rising interest rates will affect your mortgage, turn to page 20, where mortgage expert, Alisa Aragon-Lloyd, explains what mortgage trigger points are. On page 32, Brittany Reimer, managing director of MLA Canada’s Fraser Valley Branch, addresses current market conditions, recovering from a downtown, the right time to buy and why a pre-sale home is a smart way to go. And on page 36, writer Susan M Boyce speaks with Derek Fenton from Surrey-based developer Zenterra about what’s happening in the industry. Finally, if you want to have more of a say in what happens in your own backyard with regards to housing, read Ron Rapp’s article on page 24 about the importance of voting in the upcoming municipal elections.
New + Condo
EISNER
As always, this issue is packed with other interesting and informative articles to help you on your home-hunting journey, from new releases and up-coming projects, to inspiring ideas on how to decorate your new space. Let us know what you think. We’d love to hear from you.
EDITOR’S NOTE
WHEN IS THE RIGHT TIME TO BUY A HOME?
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They say timing is everything, and that rings especially true when you are buying a home. There are so many factors that need to come together before making such a big decision, from the neighbourhood you wish to live in and its proximity to public transit and major roadways, to the housing type and the all-important financing. With interest rates rising and affecting mortgage rates, you may wonder if this is a good time to buy a home. To help you answer that question and guide you through your own decision-making process, we’ve turned to the experts in the field and asked them to share with us their expertise, observations, suggestions and solutions.
EMAIL: marlene.eisner@nexthome.ca
10 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
Guide
EDITOR
+Bathroom tile trends to suit your style Page 42 ADSPECIALINSERT: PURA: Celebrate your most brilliant life REGISTER NOW LivePura.ca Sustainable, enduring mass timber homes IN SURREY BLOSSOMINGCENTRAL’SWESTVILLAGE TO 2 + BEDROOMDENHOMES OWN IN SURREY’S VIBRANT NEW WEST VILLAGE TO 2 + DEN BEDROOM HOMES homes feature one to two plus den bedrooms, wellness-centered amenities, and Adera’s proprietary SmartWood downtown, enjoy all the benefits and convenience of an urban lifestyle. Just steps from the center of it all. REGISTER NOW LivePura.ca For moreInfo@livepura.cainformation:604.681.4800WhalleyBlvd REGISTER TODAY FOR MORE INFORMATION
With solar panels and onsite battery storage, many projects are becoming energy independent. In fact, there are now entire off-grid communities that are completely self-sustaining.
HOW TECHNOLOGY IS RESHAPING THE REAL ESTATE INDUSTRY
TIM NG
Change is good. Technology is making it easier for Canadians to become homeowners and real estate investors. It’s also improving the efficiency of how we build houses and how energy efficient they are for the occupants. That’s a win-win situation.
During the pandemic, we learned that you can buy almost anything
ENERGY EFFICIENCY
Canada is a global hub for tech, so it makes sense that the country is becoming an incubator for real estate innovation. Here are my thoughts on some of the Proptech collective’s key findings.
Online tools such as building information monitoring (BIM) enable architects, engineers, developers, contractors and all other parties involved in constructing a building to work collaboratively on one platform.
Today, there are entirely new financing options, from co-ownership and rent-to-own models to crowdfunding. With the co-ownership and rent-to-own models, buyers partner with an investment company that will eventually transfer ownership.
Collectively, heat and cooling our homes is one of the largest annual consumers of energy in Canada. So, building new housing that is as energy efficient as possible, and renovating existing housing to bring it up to modern standards, are essential to meeting our national climate changeTechnologygoals.
With crowdfunding, multiple individuals invest in a property and share the Combined,equity.these options open up the world of real estate ownership and investment to a wider market.
• Efficiencies in completing transactions
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SPONSORED CONTENT
In June 2022, the Proptech Collective released its second-annual Proptech in Canada report. The non-profit Proptech (short for property and technology) Collective brings together experts from the real estate, building and tech industries who are looking at ways to use technology to improve how we provide housing for people.
Tech is also improving how builders build homes. RenoRun is the topfunded proptech start-up in Canada, having raised more than $200 million in funding since its founding in 2016.
THE DIGITALEXPANDINGMARKETPLACE
• IoT real-time jobsite sensors
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Tim Ng is the Principal and Founder of ADHOC STUDIO and BLACKLINE, an industry-leading digital studio that combines real estate, art and technology. To learn more about ADHOC’s awardwinning renderings and industry leading sales platform, BLACKLINE, visit adhocstudio.ca and blacklineapp.com.
Using the RenoRun app, builders can have tools and materials delivered to their jobsite so they can stay focused on the job.
IoT sensors provide real-time monitoring of materials, sites and the people working on them.
• Drones and satellites provide site mapping and security
online. That’s spilling over into real estate as well. Developers, realtors and purchasers are increasingly using software that handles digital signing to complete sales, instead of requiring in-person signatures. It was a great social distancing measure, but is also a much more efficient use of everyone’s time.
Traditionally, to get a mortgage, you would go to your bank or credit union and apply for one. Savvy buyers knew that a mortgage broker could shop around on their behalf for the best rates available. But that was about it.
Builders are also using drones and satellite imagery for everything from site surveys to jobsite safety.
KEY WAYS TECHNOLOGY IS CHANGING THE REAL ESTATE INDUSTRY
BUILDING TECHNOLOGY
UNDERSTANDING PROPTECH
• Alternative financing options
• Real-time data collection
• AI and other tools help boost energy efficiency and decarbonization
ALTERNATIVE FINANCING
is a key part of any solution. AI energy monitors track which specific equipment is consuming the most energy, enabling owners to make adjustments to reduce consumption. Other sensors can monitor indoor air quality.
• Online collaboration helps streamline the building process
12 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
#InsideVan
SÕL GRAND OPENING by MICHELLE HOPKINS Vancouver
THE MASS-TIMBER ADVANTAGE The Grand Opening of Adera Development Corporation’s SÕL presentation centre is set for Oct. 1 at 202 – 552 Clarke Road in the Burquitlam Plaza. Built with Adera’s SmartWood®, the new mass-timber condos balance design esthetics and superior acoustics, with high-performing, sustainable and innovative mass-timber construction technologies. Located in West Coquitlam, these two buildings will complete one of Adera’s largest masstimber communities to date. SÕL features a six-storey midrise with 92 market condominium residences and a second building with 109 rental suites. Register now at solexperience.ca to be one of the VIPs to gain private, early access starting in September.
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breakMortgage
+
Something new in downtown Surrey
Concerned about rising interest rates? Epic Homes’ has extended its 2.9 per cent discounted mortgage rate offer until the end of September on its Maple Ridge project, CREST Kanaka Living. The mortgage rate will be held until the completion date on its freehold single-family homes, which feature greenbelt lots, legal suite options and cul-de-sac streets. Starting from $1.099 million, CREST is the first phase of the new 70-acre master-planned community surrounded by more than 20 acres of dedicated greenspace and parkland.
parks, and more – all in a vibrant, walkable, cosmopolitan community. Ideally situated in Surrey’s developing wellness and technology hub, close to Surrey Memorial Hospital, Amaya Living is near the Civic Plaza, City Hall, the Surrey Centre Public Library, shopping, cafes and restaurants. Construction is slated to begin next year.
Westbank founder and CEO, Ian Gillespie, is renowned for his passion for the arts and because of that, Westbank often accompanies its new projects with an exhibition of the architecture with public art. To honour a different pairing with a building, the Architecture of Music Festival came to life when pianist Carl Petersson introduced
Architecture and the arts
Panorama West Homes unveiled its newest five-storey, 60-unit condo and townhome project, Amaya Living, at a Grand Opening held Saturday, Sept. 10 from noon to 5 p.m. in downtown Surrey. During the last decade or so, this neighbourhood has been transformed into a diverse downtown centre with rapid transit, services, amenities,
A rezoning in Nanaimo for a 219-unit townhouse development with at least half the units having three or more bedrooms, is on its way to public hearings.
DID KNOW?YOU
an idea to create a festival merging architecture and music. In 2021, the first Oakridge Park Piano Competition was held, and the Architecture of Music Prize was handed out to the most outstanding pianist. This year’s festival is bigger and better, and runs Sept. 9-18. For more information or tickets, visit architectureofmusic.ca.
1. CLARIDGE HOUSE 498 West 41st 604-941-8305Avenue polyhomes.com GRYPHON HOUSE 6191 West 604.620.8295Boulevard gryphonhousevancouver.com WEST WIND 2620 Acadia 604-260-8446Road Ave & Quebec St. aragon.ca/shift COLLECTION W 25, 26, 29 604-734-8883Ave theqecollection.com Alberni St 1818alberni.com
13. GRYPHON NOVA Oak & 604-620-829567th gryphonnova.com 14. PARK 1698 West Georgia Street anthemproperties.com 15. GRACE Ash & W30th gracewestside.com 16. CURV 6 11 16149 13 17 1st A1 14 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
HOT PROPERTIES ENGLISH BAY Fraser River W King EdwardSAvewMarine Dr E Hastings St eNlsoAnve bmieOakSt DaceCommrilrversity Blvd NanaimoSt WalaceSt E 29th Ave E 22nd Ave ChancellorBlvd NelsonSt Venables St E 54th Ave FirSt QuebecSt BeachAve Canada Way Sw Marine Dr DavieSt VictoriaDr RupertSt MackenzeSt E 57th Ave Grandview Hwy VannessAveTyneSt W 16th A EarlesStRupertSt BdarynuoRd Grange St PattersonAve E Kent Ave N McGill St St yradoBunRd LahcrSt Dundas St caMPheevAnosrMMainStainStGranvilleSt W 16th Ave KnightSt OakSt BlenheimSt W 12th A E 12th Ave E 49th Ave SE Marine Dr CambieSt W 33rd Ave W 49th Ave fRenrewSt SRupertt SbDunart ClarkDr E 1st AveW 4th Ave Nw Marine Dr Low Level Rd Powell St Trinity St AveSpringerAveDeltaAveGilmore AveWillingdonParker St Terminal Ave DrVictoria E BroadwayStBurrard W 6th Ave W BroadwayWestbrookMall W 10th ave W 4th Ave StAlma W 41st AveArbutusStWestBlvd Fraser River River Rd SEMarine DrW 49th Ave ElliottSt W 4 Ave E 41st Ave SKerrt SFrasertE 33rd Ave W 33rd A E King Edward Ave Moscrop StBond St Burke St AveSmith AveSussex Imperial St OakyaloRAve 99 99 99 7 7 1A 1A 7A 1 VANCOUVER – DOWNTOWN VANCOUVER NEW HOMES NEW CONDOS 5 4 Av1512 7 10 rc 2 n2
8. THE QE
3.
7. SHIFT 35th
2.
9. 1818 ALBERNI 1818
AMPAnthemMasterplanProgramTM One Price ProgramTM 3 Limited1,000CommunitiesMasterplanHomesTimeOnly This is not an offering for sale or a reservation form. All sales require a disclosure statement. Nothing on this form shall be construed as a commitment from the Developer to offer or reserve any particular strata lot for any person, nor to reserve a specific price or price range. Nothing on this form or any advertising materials shall be construed as an offer to purchase, a right of first refusal, letter of intent or reservation agreement and does not entitle the requestor to any priority in respect of any strata lot offered for sale by the Developer. The Developer reserves the right to give priority to any number of requestors who are a past purchaser of a home built by Anthem. E.&O.E. Getampbyanthem.comonthelist.
Cover Story Location+ Metro Vancouver DeveLoper Anthem Home type communitiesMaster-planned contact AMPbyAnthem.com Anthem GrowinG places 16 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
For more information about these three trendsetting communities, visit AMPbyAnthem.com and register today.
Hot on the heels of the success of Georgetown 1, Georgetown 2 will be the second of nine towers coming to this 2.7-million-sq.ft. mixed-use community in the heart of Surrey City Centre. Now previewing, Georgetown 2 brings 355 homes ranging from studio to two-bedroom and will ultimately connect residents to 126,000 sq. ft. of retail, restaurants, coffee shops and offices via pedestrian-friendly plazas and streets. Conveniently located mere steps from the Surrey
BuiLDinG communitieS
SoutH yarDS
Poised to take the Brentwood neighbourhood by storm, the first of five towers at South Yards is preparing to launch. This elegant, 36-storey, 363-home highrise will overlook a one-acre park with walking paths, amphitheatre, outdoor lounge areas and an inviting sense of natural tranquility, a rare sanctuary that will also provide more than 60,000 sq. ft. of new retail and commercial as well as being walking distance to the retail mecca of Brentwood Town Centre. Minutes to SkyTrain and popular cycling routes in every direction, too.
Founded in the early 1990s, today Anthem’s portfolio includes more than 17,500 homes, 8.5 million sq. ft. of commercial property, and more than 7,400 acres of land. The company is guided by an uncompromising commitment to meet the highest standards of design, quality and operational efficiency. “We are, and will always be, community focused and committed to creating real estate that works for everyone,” Erin says.
“OPP™ allows us to provide great value to our buyers in a fair and equitable way, which is important to us at Anthem,” says Erin Towns, director of sales. “Anthem will be building in these three communities for years to come. So, we want to ensure that buying in an Anthem community makes good sense, no matter when you decide to purchase.”
Central SkyTrain Station, so going car-free just got easier.
Soco 2
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It’s said that good things come in threes. And Anthem is wholeheartedly embracing the concept with their new Anthem Masterplan Program. A first of its kind program, AMP™ will introduce 1,000 new homes across three Anthem master-planned communities — Georgetown 2 in Surrey, SOCO 2 in South Coquitlam, and South Yards Phase One in Brentwood. Sales begin this fall, and each will bring the quality, style and amenities you’ve come to expect from this awardwinningRegardlessbuilder.which neighbourhood you prefer, you’ll also be able to take advantage of Anthem’s innovative One Price Program (OPP™) that was successfully debuted at Jinju in InCoquitlam.anutshell, the OPP™ means that within each building, suites with identical floorplans are offered at the same price. So, whether you like people watching and being close to a dynamic streetscape or prefer to feel like you’re living in the sky, you’ll pay the same price.
GeorGetown 2
Coming soon, the 28-storey SOCO 2 is the third of seven towers located in the up-and-coming South Coquitlam neighbourhood. It’s a walkable, inviting community that’s strolling distance to SkyTrain, the shopping delights of Lougheed Town Centre, plus a diverse array of eateries, entertainment venues and parks. Easy access to education at all levels— including SFU, BCIT, and Douglas College—or hop on the freeway to downtown Vancouver. Life is truly connected at SOCO.
VIBE
It is a luminous and richly diverse kaleidoscope of hangouts for the urbanite, the socialite and the sport enthusiast. Although glass skyscrapers abound, there are tree-lined streets and lanes and garden oasis cared for by volunteer “green thumbs.” If you like walking, cycling or jogging, it’s a Mecca. For architecture lovers, there’s
Street has its luxurious and expensive shops and restaurants, and Denman Street its intimate and great ethnic eateries. In addition, there’s so much greenspace, it’s attracted young urban families, too. This effervescent mix is why so many people want to live here and visit.
The west end of Vancouver lies downtown, bounded by Stanley Park in the west, West Georgia Street to the north, Burrard Street to the east and Pacific Avenue to the south.
IN THE AREA
a whole block of heritage homes dubbed Mole Hill, or art junkies will go for the funky, sometimes quirky, public art installations.
Along with its eccentricities, the west end is the second oldest and most diverse neighbourhood in the city. It’s really one of the city’s shining stars! At one time, the west end was dominated by white wealthy elite! Today, Davie Street is famous for its gay nightclubs and the city’s best queer bars; Robson
The west end has two schools, Lord Roberts Elementary and King George Secondary, the historic St. Paul’s Hospital (which has the
WEST END VANCOUVER
ONE OF THE CITY’S SHINING STARS
by MICHELLE HOPKINS
18 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
NEIGHBOURHOOD PROFILE
THE GOOD, THE BAD AND THE REST
DOLLARS & SENSE
if you drive … it’s a nightmare. Surrounded by world-class parks and beaches, bustling with shops and eateries, minutes away from the downtown core, Coal Harbour and more, can anyone come up with another negative comment? It is is home to the raucously fun Gay Pride Parade, the Honda Celebration of Light International Fireworks competition and the Polar Bear Swim!
Built in 1913, this grand dame is a landmark heritage building standing proudly on English Bay. Covered in vines with an iconic neon sign, it boasts a fabulous cocktail lounge with live music thanks to talented local artists.
There’s no better way to see the west end than by water. Hop on the colourful little ferry taxi and explore the area. A suggestion is to purchase a Hop On, Hop-Off day pass and really take in the spectacular scenery.
distinction of being one of the first hospitals in the country to treat HIV/ AIDS patients and is a world leader in clinical research), libraries and a community centre.
THE SYLVIA HOTEL
WATER TAXI
STANLEY PARK
There’s not a lot of bad things to say about the west end, except
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HOT SPOTS
Voted Best Park in the World 2014 by TripAdvisor, this beloved urban park is a 400-hectare rainforest almost completely surrounded by water. Walk, hike, cycle, eat, drink, lounge on the beach or visit the First Nations totem poles … I could go on and on!
PLANES, TRAINS & AUTOMOBILES
This is one of the most walkable communities, yet it is within easy access to the Canada Line and transit. Many residents have tossed their car keys to opt for Car2Go … when and if they ever leave this little slice of heaven.
Increased density and the appeal of living downtown have boosted the prices of real estate substantially over the last decade. Getting into this neighbourhood is not cheap; a condo/ apartment will cost you, on average, half a million and up. There aren’t many single-family homes here, and the relatively few are, by and large, heritage homes start around $1 million and go up from there.
MORTGAGE TRIGGER POINTS
• Trigger rate: When the interest rate increases to the point that your regular principal and interest payments no longer cover the interest charged, interest is deferred, and the principal balance (total cost) can increase until it hits the trigger point.
• Variable-rate mortgage (VRM): When the prime rate changes, your rate changes. When interest rates change, typically, your payments will stay the same.
Here are a few definitions:
ARAGON-LLOYDALISA
• Tigger point: When the outstanding principal amount (including any deferred interest) exceeds the original principal amount. The
ADVICE | MORTGAGE MINUTE
• Adjustable-rate mortgage (ARM): When the prime rate changes, your rate changes. Unlike a variable-rate mortgage, your mortgage payment will change when the interest rate changes.
UNDERSTANDING
20 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
As the Bank of Canada keeps increasing the overnight key lending rate, there is more talk about mortgage trigger points. The question is, what does this and other mortgage-specific terms mean?
Alisa Aragon-Lloyd has been a mortgage expert for more than 11 years. She has her own company, Bridgestone Financing Pros, powered by DLC Origin Mortgages and is on the board of directors for the Homebuilder Association of Vancouver (HAVAN) and an award-winning member.
to increase the amortization period, you will need to increase your payment.
3. Make a lump sum payment: Depending on your lender’s prepayment policy, you can make a lump sum payment up to 20 per cent of your original mortgage amount without paying a penalty.
mortgage payment consists of two components: your principal and your interest. This means that with the existing rate and further increases expected, the amount paid towards the principal decreases with an increase in the amount of interest being paid. For example, if your mortgage payment is $2,000 per month, only $200 goes toward the principal, while the rest covers the interest. An additional interest rate increase means that your interest portion will increase again and may exceed your total payment. When this happens, it is called hitting your trigger rate.
The payment with a variablerate mortgage is not designed to fluctuate with prime, yet it is important to remember that your
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4. Switch to a fixed-rate mortgage: Some borrowers are choosing to switch to a fixed-rate mortgage. However, if you switch to a fixedrate mortgage, the payments might be considerably higher compared to just adjusting your payments. It is always best to talk to a mortgage expert before deciding to make the change to explore your best options.
KNOW YOUR OPTIONS
lender will notify you and inform you of how much the principal amount exceeds the excess amount (trigger point).
If this happens to you, you won’t be the only homeowner who reaches their trigger rate and so it’s good to know what you can do to mitigate the situation.
WHAT HAPPENS IF BORROWERS REACH THEIR TRIGGER RATE?
This is how you can calculate your trigger rate: (payment amount x number of payments per year / balance owing) x100) to get your trigger rate in percentage.
1. You can adjust your payment: You can choose to adjust your payment amount to ensure that you still have funds going towards your principal balance.
Inflation has most likely reached its peak, yet we are still dealing with the effects before things balance out. Plus, there are still some final rate hikes expected to come between now and the end of the year from the Bank of Canada. It is important to be aware that because of this, many borrowers with variable rate mortgages will be getting near their mortgage trigger points.
2. Review your amortization schedule: You can consider increasing your amortization period up to 30 years, as long as you have equity in your home. Increasing your amortization period means your mortgage payments will decrease. If you are unable
MORE RATE HIKES TO COME
While the terms inflation, trigger rates and trigger points can be intimidating, when you speak with a mortgage expert, they will be happy to discuss any concerns you might have and explain in more detail how these changes may impact your mortgage and what options are available to you.
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WHAT’S ONLINE TRENDING NOW THE LATEST REAL ESTATE NEWS FROM ACROSS CANADA Want more great articles like these delivered directly to your inbox? SIGN UP FOR OUR NEWSLETTER: nexthome.ca/newsletter Visit our website: Twitter @nexthome_ca Facebook nexthomeca Instagram nexthome_ca IS WINTER A GOOD TIME TO BUY A NEWLY CONSTRUCTED HOME? nexthome.ca/winter-homebuying AMENITIES AND HOW THEY SUIT YOUR LIFESTYLE nexthome.ca/amenities-lifestyle THE PERFECT BALANCE OF FUNCTION AND HIGH STYLE nexthome.ca/bold-beautiful-interiors HOW TO STAGE YOUR HOME FOR A QUICK SALE nexthome.ca/home-staging-tips 22 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
These elections will determine the course of affairs for individual municipal governments over the next four years and there has rarely been a time such as this when direction, tone, and culture established by these councils will have more influence on the key issues confronting British Columbians.
RAPPRON
AND HOUSING
voters will determine how those issues will be dealt with moving forward. The challenge is that the typical voter turnout for municipal elections has been woefully low.
ADVICE | HAVAN REPORT 24 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
Housing availability and affordability, transit, policing and taxes are all key issues on the table in almost every jurisdiction, and the decisions of
CIVIC ELECTIONS
In the last round of municipal elections, an average of only 34 per cent of eligible voters across Metro Vancouver cast ballots, and several municipalities saw voter turnout at less than 25 per cent. The support for elected officials is typically in the range of 15 per cent or less, and the margin of victory in many Metro races has been measured as close as two to four votes. In some instances, mayors,
It has been said before, but cannot be understated, that municipal government and policy have the most direct and profound influence on our day-to-day lives. This Oct. 15, municipal elections will be taking place across B.C. to choose mayors, councils and other municipal officers.
LOW VOTER TURNOUT A CHALLENGE
To check out how the housing industry impacts your community, head to: havan.ca/bringing-it-home/
It is municipalities, however, that are responsible for land-use planning, approvals and permitting, and it has become obvious that this process has for many become dysfunctional, ineffective and reflective of shortsighted and or poor decision making.
”
We have seen housing issues within our cities rise to “crisis” levels regarding affordability and choices to meet the needs of a growing and shifting population. Demand is as high, or higher, than it ever has been with immigration, inter-provincial migration and new household formations driving the need for more supply. Increasing the supply
of housing has long been debated, and while not the only factor in establishing an affordable housing market, it is a prerequisite. It is now widely accepted that we are suffering from a “structural housing shortage”, and both the federal and provincial governments have adopted plans to increase and expedite supply.
We have seen housing issues within our cities rise to “crisis” levels populationmeetandaffordabilityregardingchoicestotheneedsofagrowingandshifting
Representing the home building industry in Metro Vancouver since 1974, the Homebuilders’ Association Vancouver (HAVAN), a not-for-profit society is proudly affiliated with the provincial and national Canadian Home Builders’ Associations. Visit www.havan.ca Follow Ron @HAVANofficial or email ron@havan.ca
Many councils are deeply fragmented and are often pursuing a course of action that is politically motivated, or unduly influenced by special interests that do not represent most voters, and do not reflect the best long-term interests of the community, good planning or good design.
YOUR VOTE COUNTS
“
councillors and others have been acclaimed with no one running against them, and in Peachland in 2018, a tied vote for mayor was decided by drawing a name from a box!
HOUSING ISSUES
+MORE ADVICE ONLINE nexthome.ca/news/advice
In many jurisdictions, the number of candidates running for mayor and or councils are quite large, which further sows confusion, fragments the vote and could allow candidates with very thin levels of support to prevail. Therefore, it is essential that voters engage in the municipal election process to become acquainted with the positions and platforms of candidates and make informed decisions on those who would best represent their interests and those of the community. It cannot be understated – ensure your vote is counted in these elections. Your vote counts. Your vote matters.
This means that municipal leadership is often representing the perspectives of only one out every six voters – by no means a majority —but these officials dictate the direction of their cities and determine the policies that directly affect our lives.
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8. WESTBROOKE AT WILLOUGHBY 604-385-3540 foxridgehomesbc.com
9908 King George Blvd 604-583-9866 parkgeorge.com
s 4 1 1 2 3 32 4 HAYER TOWN CENTRE A MODERN MASTER-PLANNED COMMUNITY IN WEST LANGLEY 338 CONDOMINIUMS WITH SOLARIUMS ONE-OF-A KIND AMENITIES 35,000+ SQFT OF SHOPS & SERVICES HAYERBUILDERSGROUP.COMNOWSELLING 26 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
1.SURREYPARKGEORGE
TOWN CENTRE 3100 272 Street atcliving.com
HAYWARD LAKE STAVE RIVER MUD BAY HATZIC LAKE FraserRiver FaserRve G ge F guson Way P donv le Rd ColumbiaSt O dYa e Rd uHd LyonRd 24S McManRd 92 A 314t GrosvenorRd 02402S 021t hJonodRn Wen GrndS RveSed oBnonRd 112 Ave 102 Ave 100 Ave 207S Hi crest Ave 53 Ave Che y A 114S 34 Ave 58 Ave 112 A 68 Ave LowerSumasMountainRd WetviewD 32 A e 108 Ave Kanaka Way 32 Ave aburnum Ave Delair Rd 75 Ave S41 76 Ave 98 A 154St 27S 14 h Ave 16St eahWBvd 189S 93 Ave TelegraphTrl 0 29 Ave 6stSt 104AveBeecherSt 18 Ave 142 28 Av 58 A e 44 Ave MapleCres 521A22 Ave WhaomRd 112 Ave 36 AveS651 10 Ave 671a 177bS 212S 104 Ave105Ave AhS MuSmasountainRd F d Rd 54 Ave 62 Ave 52 Ave SaonRd TransCanadaHwy TransCanadaHwy TransCanadaHwy Trans Canada Hwy TransCanadaHwy FraserHwy FraserHwy FraserHwy Fraser Hwy Fraser Hwy Lougheed Hwy LougheedHwy 16 Ave 16 Ave16 A e 16 Ave 16 Ave LougheedHwy231312S132 64 Ave64 Ave64 Ave 64 A e 96 Ave 96 Ave 12S120 125a 218St 104 Ave 104 Ave 105 Ave S02 GiKngeogeBvd gKnGogrBvd S51 152S 148 512 20S 02020S0S 201t S881616 618 S861 S Frase Way 421 28S 24 A e 24 Ave 28 Ave 96Ave 96 Ave CbroorekdR 041t318410 S141444 616100160 8141S4 184S14S184 60 Ave60 Ave 108 A S14 PcaHw 841S GloverRd 232 22S32S2t232 MtLehmandR 264S 624S 264S 6S42 88 Ave 156S 16S 00 ySumasWa 028S S08208St 21S6 216216S26S 228S4248t48 28t4 56 A 56 A 56 Ave aGdwndR 148S 0 Ave 0 A 0 Ave 0 Ave 0 AveS272272 MCaumRd 192192 7th Ave 72 Ave72 Ave S176 OldYa e Rd 40 Ave 68 Ave 68 Ave18S 48 Ave R 124S 84 Ave 84 Ave 617S176 36 Ave 32 Ave32 Ave 211 NohRd 240St 20S4 240S56 Ave Best A e 82 Ave St818 Vye Rd Vy Rd 100 Ave 251S 80 Ave 80 Av 8 Ave 8 Ave 4 Ave 809Ave1219S192 918S BadneRd CderS 810 68 Ave 60 A 314S 32S 140S H t gd Rd 144t 614 42 Ave eeLeLvueeRdvuedR61S Harr s Rd Ha r s Rd 92 A e t22S4422 24S S652t652 256 56 Ave D Rd 208S 88 Ave 272S 40 Ave 40 Ave 92 A 2272St72S SveakSe RiversdeRd 216 OldYaleRd 224S 618 64 Ave 64 Ave 24 Ave24 A 20 A20 Ave20 A 244S 614S061S HarvieRd 916 28 A KeysoneAve SFPR osRd CumberlandSt F ase River FraserRiver Fraser R ver 110 Ave 110 Ave 9996AveAveGraceRd92Ave 72 Ave 72 Ave 84 Ave82Ave 80 Ave76 Ave 88 Ave 88 Ave 88 Ave116S OldYale Rd Kittson Pkwy British Columbia HwyNew McLe Rd Hyland Rd Fraser River F ase R ver RdHarris RdBaynes R DewdneyverRdTrunk Rd Dewdney Trunk Rd Dewdney Trunk RdugheedHwy St240 StLaity AllardCrescent St208 GloverRd Colebrook Rd Grade Cres ent VancouverBlaineHwy Buena V s a Ave Pacific Ave No h B uff Rd RdGlenmore RdLehmanMt RdTownline O und Rd Townsh pline Rd SBuea AbbosordMsonHwy Mar hall Rd B KingARd OldC ayburnRdMac ure Rd deBR Ba eman Rd Marsh Rd S mpson Rd CearbrooRd BritishColumbiaHwy SHome paDrerS FraserRiver FraserRiver Fernda e Ave FraserRiver Keysto eAve SFPR SFPR 10 15 15 99 99 17 17 91 15 13 11 11 10 10 10 10 1A 1A 1A 7 7 7 7 1A 1 1 1 1 Colebrook Rd adedRnrB HOT SURREYPROPERTIES–LANGLEY – ABBOTSFORD – MISSION NEW HOMES NEW CONDOS 2 Av 786
6. HAYER TOWN CENTRE 76 Avenue & 200 Street 604-800-9662 hayerbuildersgroup.com
2. DISTRICT NW University Drive & 105 Avenue thind.ca
5.LANGLEYALDERGROVE
4. PURA 105 Ave & 132 St mypuracondo.com
3. CENTURY CITY HOLLAND PARK 13583 98 Avenue centurycitysurrey.com
7. THE HIVE AT WILLOUGHBY 206222 80 778-686-8572Avenue thehivewtc.com
MEET THE NEIGHBOURS
Currently home to 45,260 residents, this diverse enclave is experiencing a 5.1 per cent population growth; many of which are young professionals attracted to what this lively community offers. With campuses of two major universities and numerous colleges including Simon Fraser University (SFU), Kwantlen Polytechnic University
Fair to say, it’s hip, it’s happening and it’s exciting. It’s perfect for urbanites wanting to be at the pulse of a thriving city centre.
by MICHELLE HOPKINS
Considered the province’s newest and emerging metropolis, Surrey City Centre is evolving into a dynamic and exciting new downtown hub. This will be home to a concentrated business district, while it expands its downtown core southward to accommodate the approved SkyTrain extension along Fraser Highway. In fact, the City envisions Surrey City Centre as the Lower Mainland’s future second downtown.
VIBE
Over the last 10 years, this neighbourhood has eclipsed into a diverse downtown centre with rapid transit, services, amenities, parks, and more – all in a vibrant, walkable, cosmopolitan community.
CITYSURREYCENTRE
King George Hub
28 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
LIFESTYLE
NEIGHBOURHOOD PROFILE
nexthome.ca 29
other regional centres. Additionally, there is a Planned Expo Line extension from City Centre to Fleetwood by 2025, and Langley in the future.
PLANES. TRAINS & AUTOMOBILES
CENTRAL CITY BREWERS & DISTILLERS
Inside the Civic Hotel, this upscale casual restaurant garners five-stars for its locally sourced ingredients, beautifully prepared and paired with equally inspiring cocktailshandcraftedandbeers.
SFU
DOMINION BAR + KITCHEN
Simon Fraser University (SFU) opened its Central City Campus in 2005, and opened their new cuttingedge Sustainable Energy & Environmental Engineering Building in 2019. It’s a hotbed of
IN THE AREA
A gold medal awardwinning brewery, it has emerged into one of Canada’s best craft breweries. Besides its great selection of craft beers, it’s a destination for craft beer snobs and their friends.
HOTgatherings.intellectual
There are three Expo Line SkyTrain stations located within this neighbourhood, providing direct access to Downtown Vancouver in 40 minutes, along with numerous
(KPU), Douglas College, Sprott Shaw College, Stenberg College, and a technology district, you could say some cool, bright people have chosen to reside here.
SPOTS
REAL ESTATE: (NEW BUILDS)
This walkable, transit-friendly community is Surrey’s developing wellness and technology hub, close to Surrey Memorial Hospital. Among its highlights are Holland Park, Civic Plaza, City Hall, the library and restaurants. It is also close to some of Surrey’s top schools.
As expected, growth is exploding here with an anticipated 43,000 more housing units by 2041. As of November 30, 2020, there were at least 28,000 homes, 4.4 million square feet of office space, and 250,000 square feet of retail space either under construction, approved, or proposed. One of the most significant developments is PCI Developments’ King George Hub. Plaza One and Two alone will create 886 homes in 41 and 44 storey towers, and 45,500 sq. ft. of office and retail space.
HOT PROPERTIES BueMountanSt CoaMtserdandR eNlsoAnve DaceCommrilr StAndrewsAve Dewdney TrunkRd BdRdyranuodRyradnuoB 6thAve iPnetreeWay Venables St ColumbiaSt EwenAve SchoolhouseSt WestwoodSt Canada Way CanadaWay PorierSt VctoriaDr RupertSt MarmontSt 92 Ave Panorama Dr nyTeSt EarlesSt Dundas St EdmondsSt MarineDr BraidSt yudnMSt Runnel Rd ParkwayBlvd CitadelDrpuRertSt MaryHilRd GarndBvdE Keith Rd E BdarynuoRd ge St ttersonAve estminster Hwy N FraserWay 14thA Griffiths10thAveDr ve 16thAve 112 Ave yealGAve E8thAve PortetSr 108 Ave 8thAve ProductionWay 75 Ave 84 Ave 76 Ave 98 AveyellahWBlvd Lincoln Ave dgrbniaBeAve 6stSt12thSt 104Ave kcHiey Dr Glen Dr ShKgntt Oakland St caMPheevAnosr 112 Ave FraserHwyS231t132St KnghtSt 96 Ave 128St 218St 104 Ave 105 Ave S021t ShaughnessySt 201St S861t SE Marine Dr Marine Way 041St318St410St S144t 10thAve 61610St0St160St108 Ave S414t fRenrewSt SRupertt RiverRd 841St 156St 156St MtSeymour Pky MarnaWrey PittRiver Rd Austin Ave ClarkDr GaglardiWay 841St124St 84 Ave 84 Ave S211t 82 Ave PipelineRd 100 Ave 251St 80 Ave David Ave BritishColumbia Hwy 312St 614St 92 AveNo6RdNodR6 Winston St S618t RiverRd SFPR Trinity St AveDuthie Broadway Halifax St AveSperlingAveKensingtonAveSpringerAveDeltaAveGilmore ggWillinAveWillindonAve Curtis StParker StDrVictoria E DundasEBroadway1stAveStRenfrewStMcGillSt RdJacombsSidawayRd FraserRiver StKnight Fraser River debNumr7R ElliottSt SKerrt Moscrop StBond St BurrisSt Burke St AveSmith AveSussex RumbleByrneStRdMarine WayMarine Dr Imperi ImperialStyaloRAveRoyalOakAveDeer Lake Pkwy CumberlandStCaribooRd abuoCEm dRhNort 314St Fraser River GrosvenorRd KiGBldvegroegn StRobinson United Blvd Alderson Ave Rochester Ave BrunetteAve DawesHillRd Smith Ave StLinton Fraser River PittRiver EasternDr StBroadway StOxfordShaughnessySt Wilson Ave KingswayAve oMraySt MarinerWay Guildford Way hoJnsonSt FraserRiver FraserRiverBoydSt 110 Ave 110 Ave 99 Ave96 AveGraceRd92Ave 72 Ave 72 Ave 84 Ave82Ave 80 Ave 76 Ave 88 Ave 88 Ave 88 Ave116St OldYale Rd NordelWay SFPR River Rd 1 1 17 17 91 91 99 1A 91A 7 7 7 7 1A 1A 7B 7A 7A 1 1 Como Lake Ave Clarke Rd ClarkeRd Murray StGDreryane ClDreceGaglardiWay University Dr W College Park WayGatensburyStBurnabyMountain Pkwy SFPR E 54th Ave BURNABY – NEW WESTMINSTER NEW HOMES NEW CONDOS 5 g 4dnWilli 16 n 14A 15 2 6 3 8 13 9 10 1 Pat 11 yalOA12mp rial 7 tS 18 1.BURNABYCONCORD METROTOWN Nelson Ave & Kingsway concordmetrotown.com 2. JUNEAU 604-299-9191 juneaubyamacon.com 3. CEDAR CREEK 7166 14th 604-529-8868Street liveatcedarcreek.com 4. ALASKA 4455 Alaska 604-299-9191St alaskabyamacon.com 5. BORDEAUX 4247 Lougheed Hwy bordeauxliving.ca 6. ECLIPSE BRENTWOOD 2463 Beta Avenue thind.ca/eclipse 7. O2 METROTOWN 6620 Sussex Ave o2metrotown.ca 8. AZURE SOUTHGATEAT CITY 7662 18th 604-544-8800Street azureatsouthgate.com 9. THE STANDARD Metrotown thestandardbyanthem.com 10. SLATE 5180 Lougheed Hwy slatebybeedie.com 11. CONCORD SKY-HOUSE 4750 Kingsway concordmetrotown.com 12. POLARIS METROTOWN 6699 Dunblane Ave 604-565-7733 polarismetrotown.com 13. NUVO 6075 Wilson Avenue nuvobyanthem.com 14. THE AMAZING BRENTWOOD 4567 Lougheed Hwy 604-298-7314 theamazingbrentwood.com 15. SOLO 4 2131 Willingdon Avenue 604-298-8800 soldistrict.com 16. OASIS AT BRENTWOODCONCORD 4863 Dawson Street concordbrentwood.com NEW WESTMINSTER 17. MOODY ON THE HILL 228 6th Street 778-895-5533moodyonthehill.com 18. THE KEARY 230 Keary Street thekearybywesgroup.ca s17 Start your search Your trusted authority for the latest new home and condo developments. Visit nexthome.ca to get started. 30 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
HALIFAX ST N TOWER SIX ANDCENTREPRESENTATIONFUTURERETAILNEIGHBOURHOODS NEIGHBOURHOODONEAVEWILLINGDON LOUGHEED HWY NEIGHBOURHOODTWO
32 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
r Ight
Advice | industry expert
rBrittanyeimer
How long does r ECoVE ry tak E and wh E n I s tH e tI m E to buy?
through which the commercial and housing markets move. While it’s important to stay informed on month-to-month changes, it’s necessary to get a clear picture of how the cycle and its four phases of recovery, expansion, hyper supply and recession,Whetherwork.you’re a homebuyer, home seller, real estate agent, or real estate investor, understanding this cycle will help you predict upcoming trends and make informed decisions. Here, we dive into the historical numbers and give some perspective to any buyer looking at entering the market.
mArket cycles And recovering from A doWnturn Market cycles have evolved in recent times. In comparing modern to past, a key difference in today’s cycles rests in the typical speed with which information is disseminated. Today’s buyers are increasingly well-informed and inundated daily with news via a myriad of channels. This creates faster changes and reactions than seen in the past. With rising inflation and slowing demand, we are beginning to see the reaction of hesitancy within the Metro Vancouver market. It’s common to be asked: in this market, when is the right time to buy? How
In current market conditions, it’s easy to be consumed by negative headlines on the news that focuses on the shift in today’s housing market. However, it’s crucial to take a step back and look at the larger picture, one that observes the larger flow of modern-day market cycles. The real estate cycle is a four-phase pattern
peaks and valleys, the long game still pays off. As with any investment, there are always risks, but as three years turns into four, five, six or more years of ownership, your value of return is even greater. As an additional example, even those who purchased at the previous peak in 2016 have seen a 17 per cent appreciation since their investment was made.
with. Ultimately, it is best answered on an individual level, as each potential buyer has different advantages and setbacks. What can be applied to all those considering a home purchase is the rule that it’s not all about when you buy, but instead, about how long you hold onto your investment. As Ryan Lalonde, president of MLA Canada shared in the August edition of the MLA Pre-Sale Pulse on the status of the market: rather than the timing of the market, is the single greatest natural advantage an investor has. To drive home this truth, we can look to benchmark prices across Metro Vancouver, specifically focusing on the last 10 years.
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+more adVICE online nexthome.ca/news/advice
Brittany Reimer is managing director of MLA Canada’s Fraser Valley branch. Brittany uses her experience, relationships and passion for the real estate marketing industry to help push MLA into a new frontier.
long will it take for our market to recover from this downtown? If we look at price alone, we can find two key periods of compressing values in this market: the financial crisis in 2008 and the decline from 2018 to 2020. It took prices about three years to recover from their previous peak. While this may seem like a long time, it’s a shorter timeframe than the typical presale construction period for new homes. With this knowledge, we can assert that even in a declined market, buyers can be confident that the value they lock in at will be consistent with, or better than, market pricing for new homes when they complete after a build-out of two to three years.
This is one of the most challenging questions that homebuyers are faced
A conversation on the best timing to purchase, and what type of home to purchase right now, would not be complete without addressing construction costs. Construction costs have been steadily increasing and show no signs of slowing.
When is the right time to buy?
If you purchased a home at any time during this period, and held onto it for at least three years, you saw, on average, a 22 per cent price appreciation. Despite short-term
Purchasing a pre-sale home can help offset future increases as the purchase is locked in at today’s construction costs. By purchasing at presale now, a buyer can prevent added rising costs and can benefit from the price appreciation seen during the build-out phase. In all likelihood, those beginning a mortgage in a few years when their pre-sale home is complete, will find themselves at a more favourable interest rate as rates ease over the next three to five years. Overall, a pre-sale buyer is in a strong position in today’s market cycle, locking in the value and allowing the investment to appreciate during the construction phase.
Your trusted authority for the latest real estate news and trends Sources: the Magazine Media Factbook 2018 – MPA–The Association of Magazine Media; Pew Research Center Social Media Fact Sheet, Feb 2018; GfK MRI, Fallof2017 adults 18 29 read magazines vs. 81% who use Facebook. People of all ages read magazines — youngerespeciallyadults. Did know…you PRINT It’s diverse 95%
HOT PROPERTIES Grant McConachie Way GardenCtyRdMinoruBlvd CapstanyGWayardenCitRd Sea Island Way RussBakerWay nraBardDr SAlbatnsRd ShKgntt Granville Ave Westminster Hwy Steveston Hwy Williams Rd Bridgeport5NRdoRd Francis Rd dR3No R4NodNo4Rd RShelld No2RdoN1Rd Cambie Rd River Rd ShellRd Rd5No RdJacombsFRdGilbertraserRiver Blundell Rd RdSidawayBlundell Rd AveRailway River Rd 99 RICHMOND 100 Ave 6thAve ColumbiaSt EwenAve LyonRd 92 AveDerwentWayClivedenAve OldYale Rd 114St 8thAve 75 Ave 84 Ave yellahWBlvd 12thSt 104Ave 112 Ave FraserHwyS231t132St128St 218St S021t GiKngeorgeBlvd 201St 041St318St410St S144t144St 68 Ave124St S211t 100 Ave S 314St 312St SFPR FraserRiverBoydSt 111 Ave 110 Ave 9996AveAveGraceRd92Ave 72 Ave 72 Ave 84 Ave82Ave 80 Ave 76 Ave 88 Ave 88 Ave116St 115 Ave OldYale Rd NordelWay SFPR 17 17 91 91A NORTH DELTA NEW HOMES NEW32CONDOS4 Deltaport Way EnglBhsiluffRd 12 Ave 16 Ave 6 Ave 56St 1 Ave 3 Ave S46t 25St S65t 36 Ave 28 Ave TsawwassenDrN 17 10 17 17A SFPR TSAWWASSEN 1.RICHMONDMINORUSQUARE 5740 Minoru Blvd thind.ca/minorusquare 2. LUXE LANSDOWNE Lansdowne Road & Number 3 Road luxelansdowne.com 3. PARK RESIDENCES II AT MINORU PARK 6333 Mah Bing Street 604-563-8899 parkresidences.ca 4. RC RICHMOND 6331 No. 3 604-788-6608Road 1 nexthome.ca 35
the down payment, loaning their kids money, or acting as the guarantor. Some will purchase a property outright and then either rent it to the kids, let them live there rent free, or even put it into their children’s name.
NewBury townhomes in Langley.
ADVICE | 10 MINUTES WITH
IT’S A GOOD TIME TO BUY
New Home + Condo Guide: The Bank of Mom and Dad has been around for a long time. Is the way this method of funding a new home changing, especially in light of the rapidly rising interest rates?
There’s nothing quite like the day your realtor hands you the keys to your front door. For most people, a new home is one of the most exciting events in their life.
In this issue, we chat with Derek Fenton from Zenterra, a Surrey-based developer with a long history of building awardwinning communities, about what’s happening in the industry.
by SUSAN M BOYCE
YES,
Derek Fenton: It depends on family dynamics, which of course, vary significantly. But yes, we’re still seeing many parents helping with money for
We’re also seeing parents who are thinking really long-term, purchasing a presale while their kids are still in their mid-teens or even younger, because they don’t want them to get priced
36 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
NH+CG: That seems like a long time to hold a property. Why wouldn’t people wait until the kids are 19 or 20 and ready to either start a career or go to
NH+CG: Any final thoughts?
For example, we started planning our King + Crescent development in South Surrey in 2017, but we weren’t able to break ground until late last year, and we’re anticipating it won’t be finished until 2025, so that’s eight years. If mom and dad waited until their child was 20 before they bought, that child would be close to 30 by the time they could
move in. I tell my colleagues that the development process often takes longer than it did to win a world war.
nexthome.ca 37
out of the market. Once the project is complete, mom and dad can rent the property out until their son or daughter is of age to take it over.
Visit zenterra.ca for more information about their many projects.
DF: There’s no question home prices will continue to go up. Hard costs—things like concrete, framing material or roofing—have been rising steadily for a number of years. That’s definitely impacting what consumers will need to pay. But if you look at something like one appliance package versus another of similar quality, it probably isn’t going to make a difference of more than a couple of thousand dollars. So no, it’s unlikely buyers will end up needing to compromise on the finishing details they want.
The biggest thing that will have a positive impact on affordability is getting elected officials who see the need for more supply. Estimates
King + Crescent condos in South Surrey.
DF:university?
NH+CG: Buyers today are generally pretty savvy about the features they want in a home. As construction becomes more expensive, does it impact things like finishing details?
DF: Rising interest rates and home prices can’t change one fundamental concept—Metro Vancouver will continue to be one of nicest places to live in the world. People want to stay here. And there’s truth to the well-known real estate adage: don’t wait to buy real estate, buy real estate and wait.
suggest that Canada will continue to see more than 400,000 immigrants arrive here every year for at least the next three years. And those immigrants tend to primarily go to major metropolitan markets like Vancouver or Toronto.
Derek Fenton
The construction process typically takes a lot longer than many people realize, especially when it’s a multi-family project. Acquiring the land, getting necessary zoning and approvals, designing the buildings and then actually building them can, and most often does, take many years.
PATTERN PLAY
As a designer, I look forward to the start of a new project. I enjoy pouring over fabric books gathering ideas and direction, and have been known to design an entire space from the inspiration of just one fabric.
MIXING PATTERNS LIKE A PRO
by LINdA MAzuR
38 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
Fabric is tactile, and as such, the feel of lush velvets, the beauty of some richly woven silks and the simplicity and texture of coarsely woven linen accompanied by rich, saturated colours is enough to inspire anyone to decorate. However, the question is: With all these fabrics and patterns to select from, how do you know what works together to achieve that “designer look” in your home?
INSPIRATION | decor
Fall is almost here, and with it traditionally comes a new array of wonderfully stylish inspiring fabrics bursting with colours, textures and some of the most incredible patterns.
The first pattern selection should be your most impactful one, so choose carefully and select a pattern that is larger scaled. The second pattern should be completely different, about half the scale of the first one and have some of the same colours incorporated throughout. For the third selection, it can be smaller scale and similar in pattern to either of the first two, with at least two to three of the same colours.
Linda Mazur is an award-winning, nationally publicized designer and Principal of Linda Mazur Design Group. With almost two decades of experience this in demand multi-disciplinary design firm is known for creating relaxed, stylish spaces and full-scale design builds within Toronto, the GTA and throughout Canada. lindamazurdesign.com @LindaMazurGroup
When combining and layering patterns, it’s important to balance them throughout your space. The last thing you want is to create a situation where the heavier weight of patterns are all at one end of the room. They should be well proportioned with solids and any other visible patterns in your room, such as area rugs, wall coverings and fireplace surrounds, to provide equilibrium and an esthetically pleasing look. Also, when pairing up your choices, it’s important to consider the “feel” of the fabrics you are selecting. Are they formal or more Dabblingcasual?inpattern blending can be fun, and fabrics can make a bold statement in your home. Mixing fabrics like a pro is all about balance, layering and blending. When it’s done well, contrasting patterns and textures can elevate your space beyond the typical to a fresh, innovative and welcoming
To successfully mix patterns in your space, remember to vary the scale of the patterns from small to large, as well as to maintain the same depth or magnitude of colour. By that, I mean if you’re working with primary colours, try not to incorporate fabrics that are pastels, as you will inevitably create an imbalance. Generally, if you start with blending a minimum of three fabric patterns, you shouldn’t have any problems.
Just remember to keep a common element throughout and then watch your home come alive.
For example, if you have selected a large scale floral as your first pattern, the second could be a bold stripe or a geometric fretwork pattern, and then blend in another small scale floral for the third, or an alternative smaller geometric. Consider adding another pattern or two, or three, if you wish; maybe a small check, a dot is always favourable, or something in a solid small scale texture. If you’re more adventurous, consider throwing an animal print into the mix for a bit of fun.
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home. Toiles, stripes, florals, ikats and jacquards… there are so many different patterns, scales and colours that can be beautifully blended to complement your room and add that “designer touch.”
9. CREST KANAKA SPRINGS 25024 112 604-405-1903Ave kanakasprings.com
CoaMtserdiandR eNlsoAnve DaceCommrilr StAndrewsAve Dewdney TrunkRd BdRdyranuodRyradnuoB 6thAve iPnetreeWay enables St E 54th Ave ColumbiaSt EwenAve SchoolhouseStCanada Way CanadaWay PoirerSt VictoriaDr RupertSt MarmontSt 92 Ave Pa ERd1stAev PrincetonAve norama Dr nyTeSt EarlesSt Dundas St EdmondsSt MarineDr BraidSt yudnMSt Runnel Rd ParkwayBlvd CitadelDrpuRertSt MaryHillRd GarndBlvdE Keith Rd E BdarynuoRd Grange St PattersonAve Westminster Hwy N FraserWay 14thA Griffiths10thAveDr ve 16thAve 112 Ave yealGAve E8thAve 108 Ave 8thAve 98 AveyellahWBlvd Lincoln Ave dgirbniaBeAve 6stSt12thSt 6stSt 104Ave kcHiey Dr Glen Dr StretroP ShignKtt Dundas St Oakland St caMPheevAnosr 112 Ave FraserHwy 312St KnightSt 96 Ave 218St 104 Ave 105 Ave S021t ShaughnessySt SE Marine Dr Marine Way 140St 10thAve 610St160St108 Ave S414t fRenrewSt SRupertt 156St MtSeymour Pky PittRiver Rd Austin Ave ClarkDr PipelineRd 100 Ave St BritishColumbia Hwy 32St 92 Ave dNoR6 Winston St 618 RiverRd SFPR Trinity St AveDuthie Broadway Halifax St AveSperlingAveKensingtonAveSpringerAveDeltaAveGilmore ggniWildonAveWillindonAve Curtis StParker StDrVictoria E Broadway RdJacombs StKnight aser River debuNmr7R ElliottSt SKerrt Moscrop StBond St BurrisSt Burke St AveSmith AveSussex RumbleByrneStRdMarine WayMarine Dr Imperial St ImperialStyoRalOakAveRoyalOakAveDeer Lake Pkwy CumberlandStCaribooRd tSabuoCEmi dRhNort 314St Fraser River S411t GrosvenorRd KiGBldvegroegn United Blvd Alderson Ave Rochester Ave BrunetteAve DawesHillRd Smith Ave StLinton Fraser River PittRiv EasternDr StBroadway StOxfordShaughnessySt Wilson Ave KingswayAve oMray St MarinerWay hoJnsonSt FraserRiver FraserRiverBoydSt 110 Ave 110 Ave 99 Ave96 AveGraceRd92Ave 88 Ave 88 Ave 88 Ave St OldYale Rd SFPR SFPR 1 1 17 91 91 91A 7 7 7 7 7 1A 1A A 7B 7A 7A 1 1 Como Lake AveClarkeRd Clarke St Murray StGlDreryane CilDrece IocoRd SGatensburyt BurnabyMountain Pkwy David AveHeritageMountainBlvd Guildford Way PORT MOODY 6235 1 9 40 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
5. PRECIDIA 520 Cottonwood Ave 604-422-0080 precidiabyledmac.com
3. VUE Foster Ave & Whiting Way vueliving.ca
4. SOPHORA
AT THE PARK #101 - 1135 Pipeline Road 604-942-8416 polyhomes.com
HOT PROPERTIES FraserRiver D ew dney TrunkRd 1 2 4 A ve 1 3 2 A ve1 3 2 A ve 1 2 8 A ve WestwoodSt PoirierSt S227t S228t Run n e l R d CitadelDr soBnonRd 1 2 3 A ve 207St 1 2 8 A ve MaryHillRd 1 1 2 A ve 1 0 8 A ve Riverside D r Lincoln Ave H a mm o n d R d 320St kcHey Dr G le n MapleCres 1 2 2 A ve F o rd R d S222t LougheedHwy ShaughnessySt 610St1 0 8 A ve MarinaWrey PittRiver Rd Pra ir ie A ve 2t322S32St203St aHrrisRd 216St210St MaryHill Bypass United BlvdLintonSt RdMeridianCoast F r a ser River PittRiver EasternDr KingswayAveBroadwaySt Kennedy Rd RdWooldridge StOxford PittRiver PittRiverhSaughnessySt CedarDr Wilson Ave KingswayAve110MarinerWayAve 110 Ave Fraser River RdHarris RdBaynes River DewdneyRdTrunk RdLougheedHwy St224 StLaity British C o lu mbia H w yRdNeavesAllardCrescentSFPR 1 17 7 7 7 7B Foster Ave COQUITLAM – PORT COQUITLAM – PITT MEADOWS – MAPLE RIDGE NEW HOMES NEW CONDOS 4 7 8
505 Nelson Street westbybeedie.com
MAPLE RIDGE
8. PROVENANCE 11295 Pazarena Place 604-467-2285 polyhomes.com
6. ALINA 604-259-8626 ownalina.com
7. SOL Como Lake Ave & Robinson 604-937-9688 solexperience.ca
2. SYDNEY 545 Sydney 778-948-0333Ave. sydneybyledmac.com
1.COQUITLAMWEST
Info: Unique in its shape, amassed with sustainable building materials and a bold yet earthy palette, this building truly is a vision icon. With an open-concept base, the convenience of commercial space below and five levels of residences and amenities in between, Icon’s form and character are true to its name. Register now.
PREVIEWS & REGISTRATIONS
Home type: Condominiums Developer: Whitetail Homes
On the map: Maple Ridge Web: windfallbygatehouse.com
PRIMA
Home type: Condominiums, townhomes
ICON
Now selling in Silver Valley in Maple Ridge, Windfall is a collection of 54 threeand four-bedroom townhomes where craftsmanship is second nature. Farmhouse modern interiors meet spacious floorplans, grounded in the natural beauty of Silver Valley. Register now.
On the map: Langley Web: iconcondoslangley.ca
THE ROBINSONS –PARKSIDE COLLECTION
nexthome.ca 41
On the map: West Vancouver Web: executiveonthepark.com
Info: A one-of-a-kind collection of 88 condos and townhomes enclosed by lush landscaping, colourful garden beds and an intimate parkette. With Park Royal located across the street, there are a diverse assortment of 200 upscale and everyday shopping, dining and entertainment options only steps away. Register now.
Info: In the heart of vibrant downtown Richmond, slightly set away from the bustle, sits a collection of one-, two-, and three-bedroom homes that exude quality. In a 15-storey form developed by Anderson Square and built by Quorum, Prima offers 101 refined homes that are move-in ready for the spring of 2022. Register now.
Home type: Townhomes
EXECUTIVE ON THE PARK
HOT PROPERTIES
Home type: Townhomes Developer: Gatehouse
Developer: Formwerks Boutique Properties, WGP
WINDFALL
Info: A parkside collection of ninety-two homes coming in 2022 to West Coquitlam. The Robinsons — Parkside Collection, where you will find authentic hellos and original two- and three-bedroom homes, dens, rooftop decks and lock-off suites. Register now.
PRIMA
FIND YOUR NEXT HOME
On the map: West Coquitlam Web: liveattherobinsons.ca
Home type: Condominiums Developer: Anderson Square
Developer: Executive Group of Companies
On the map: Richmond Web: liveatprima.com
This page features a few of the latest properties to keep your eye on in the Metro Vancouver area. BUILDERS IF YOU WOULD LIKE TO INCLUDE YOUR PREVIEW REGISTRATION, NEW RELEASE OR SITE OPENING IN THIS FEATURE, KINDLY EMAIL THE DETAILS TO EDITORIAL@NEXTHOME.CA+
INSPIRATION | design file
HALIFAX terrazzo tile. $28 sq. ft. geontile.com
CERAMIC WALL TILE in light smoke by American Olean. $6 sq. ft. lowes.ca
PORCELAIN MOSAIC WALL TILE in ancient sky by Bestview. $13 sq. ft. lowes.ca
TERRACE terrazzo tile. $28 sq. ft. geontile.com
Terrific TILES
WATERTON terrazzo tile. $28 sq. ft. geontile.com
Consider the colour and shape when picking a modern tile for your bathroom. Geometric-shaped tiles will add depth to the room; rectangular (subway) tiles are a modern fave and help to achieve a streamlined look. And, of course, keeping the colour choice monochromatic will help your space look sleek and cool.
42 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
by SARA DUCK
MOSAIC TILE in grey marble by Troy Tile & Stone. $65. rona.ca
Terrazzo
Bathroom tile trends to suit your style
Did you know that terrazzo tile is a composite material of marble chippings set into cement? Experts believe terrazzo originated in 15-century Italy (invited by the Venetians) to reuse stone offcuts. Could terrazzo be the OG of sustainable flooring? Either way, the beautiful tile will add a creative dose of pattern and colour to any bathroom space.
Choosing the right finishes can really elevate your bathroom experience (hello at-home spa!). Picking the right tile for your space plays a crucial role in the look and feel of your finished bathroom, so choose wisely. You may regret it if you don’t.
Modern
Try Try
PALOMA encaustic look tile for wall and floor by MSI. $11 sq. ft. wayfair.ca
ANGELA HARRIS HARBOUR SONATA ceramic field tile by Ivy Hill Tile. $20 sq. ft. wayfair.ca
DODGE cement tile in warm white/navy/blush. $20 sq. ft. geon.com
CASCAIS porcelain tile in beige. $2 each. lowes.ca
polished marble floor and wall mosaic tile by Modamo. $16 sq. ft. homedepot.ca
FAENZA ceramic floor and wall tile by EliteTile. $17 sq. ft. wayfair.ca
ART DECO FRAMED
ITALIANCARRARABIANCO
Try Try Try
nexthome.ca 43
MANISES ceramic patterned wall and floor tile by EliteTile. $12. sq. ft. wayfair.ca
polished black and white marble floor and wall tile by Modamo. $24 sq. ft. homedepot.ca
HEXAGON polished white and gold marble floor and wall tile. $33 sq. ft. homedepot.ca
Whimsical
Not for the faint of heart, these bold tiles are sure to make a statement! When working with this style of tile, keep your accessories and wall colour neutral. This allows the tiles to pop, but also doesn’t overwhelm the space.
Marble
You can’t get more classic and luxe than using marble in the bathroom. This durable stone comes in various colours contrasted with beautiful natural veining. Use marble in the bathroom to create a high-impact look, but remember, to keep up the high-end esthetic, it needs to be properly maintained and sealed.
With more than 15 years’ experience as a magazine editor, writer and content creator, Sara brings her passion for design and decor to our pages each issue. Instagram @bysaraduck
Transport yourself to the south of Spain with encaustic tiles that will bring a hit of warmth and joy to any bathroom space. Look for tiles that have a lively pattern and that closely ressembles vintage – this will give your bathroom an authentic look.
ART DECO triangle
Cultural
1. PARK WEST 1633 Capilano Road parkwestliving.ca
NORTH
2. EXECUTIVE ON THE PARK 660 Clyde 604-926-2398Avenue executiveonthepark.com
4. BADEN PARK 904 Lytton Street badenparkbyanthem.com
5.SQUAMISHBRITANNIA
3. HAWKSLEY 3963 Uplands Way liveathawksley.com
SHORE
NORTH SHORE
1 y 4 2 3 3Ave 6Ave5Ave 2AveClevelandAveVancouverMainStStVictoriaSt BalleySt Buckley e Magee St GovernmentRd Industr al Way Finch Dr Raven Dr Robin Dr Pioneer St QueensWay LoggersLn Discoverywya GovernmentRd Depot GRdovernmentRdJudd Rd Mamquam Rd The BGaribaldiWay LoggersLnGuilford Dr Pemberton Ave GaribaldiAve Rverrd 99 9 99 99 BalleySt SQUAMISH 6 7 5 44 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
HOT PROPERTIES CAPILANO LAKE ENGLISH BAY BURRARD INLET LonsdaleAve E Hastings St DaceCommrilr StAndrewsAve NanaimoSt HighlandBlvd NelsonSt Venables St FirSt QuebecSt 29th St E BeachAve 21stSt S15t DavieSt RupertSt EdgemontBlvd Grandview HwyW 16th Ave Dundas St W 1st St JonesAve GarndBlvdE Keith Rd E BdarynuoRd McGill St Main St athers Ave LarsonRd Dundas St StevensDr TransCanadaHwy e W 12th Ave E 12th Ave CapanoRd MtSeymour Pky ClarkDr E 1st AveW 4th Ave Dr Marine Dr W Queens Rd 3rdStW Low Level Rd Marine Dr Powell St Trinity St AveSpringerAveDeltaAveGilmore AveWillingdonParker St Terminal Ave DrVictoria E BroadwayStBurrard W 6th Ave W BroadwayW 10th ave W 4th Ave StAlma Dollarton Hwy 99 99 7 7 7A 1 1 1 HwyMountain NEW HOMES NEW CONDOS
BC 99 & Copper Dr 604-980-0016 britanniabeachliving.com
6. SEA AND SKY 604-559-7918 hellosquamish.com
BEACH
7. REDBRIDGE 1606 Scott Crescent redbridgesquamish.com
2.
THE BOROUGHS 2070 Oak Meadows Drive 604-531-677 theboroughs.ca 3. DOUGLAS GREEN 358 - 175A 778-862-8002Street 2 A na Vi V sta A uff 1 3 nexthome.ca 45
HOT PROPERTIES MUD BAY Thrift 204St 314St hJonstodRn 53 Ave 34 Ave 58 Ave 68 Ave 32 Ave OxfordSt S411t 154St 271St 136St 1 BeecherSt 18 Ave 142St 28 Ave 58 Ave 44 Ave 36 Ave 156St 10 Ave 671aSt 177bSt 54 Ave 62 AveFraser H 16 Ave 16 Ave16 Ave 64 Ave64 Ave64 Ave 64 Ave 128tS120tS 125aSt S512t 152St 148St 51S2t 200St 02020tS0StS816t168St 618St tS421 28St1 24 Ave24 Ave 24 Ave 28 Ave S144t 81S4t18S4t 184St184St60 Ave60 Ave GloverRd 028St S280t208St Marine Dr 56 Ave 56 Ave 0 Ave 0 Ave 192St19tS2 S17t6 40 68 Ave 68 Ave 56 Ave 48 617St176St 36 Ave 32 Ave32 Ave iNcohlRd 8 Ave 8 Ave 4 810St 68 Ave 60 Ave 60 Ave 310St 140St 144St 42 Ave 061St 40 Ave 40 Ave 24 Ave24 Ave 20 Ave20 Ave20 Ave20 Ave 614St061St 28 Ave Colebrook Rd Kittson Pkwy British Columbia Hwy British Columbia Hwy Trunk Rd New McLellan Rd Hyland Rd Grade Crescent Vancouver-Bla Hwy CrescentRd Buena Vista Ave Pacific Ave North Bluff Rd 15 99 99 91 15 10 10 10 1ASOUTH SURREY – WHITE ROCK NEW HOMES NEW CONDOS
1.
ALTUS WHITE ROCK 1526 Finlay Street altuswhiterock.com778-294-7794
Enter our Sign-up to Win Contest! www.craftsman.com | @craftsmantoolsca YOU COULD WIN A CRAFTSMAN® 20V MAX CORDLESS TOOL COMBO KIT! RetailValue $449.99 COMBO6-PIECECRAFTSMAN®TOOLKITWITH2BATTERIES Enter Online: • Go to nexthome.ca/corporate/contests or scan the QR • Select this contest within the listing and click Enter to Win • Good Luck! For full contest details & rules visit the link above.
1 1 16 16 Victoria Duncan Pemberton Bella Coola Vanderhoof Quesnel Kitimat Terrace New HazeltonSmithersHoustonBurnsLake Fort St. JamesMackenzieChetwynd Williams Lake Sechelt Vancouver BurnabySurrey KamloopsMerritt SalmonColdstreamArmstrongArmVernon PentictonKelowna Nelson Cranbrook FernieCastlegarKimberleyTrail NanaimoAlberniPort PowellRiver HardyPortMcNeillPort CampbellRiverCourtenay GeorgePrince DawsonTumblerRidgeCreek Vancouver Island Washington 1 4 3 KelownaColdstream2 HOT PROPERTIES NEW HOMES NEW CONDOSOUT OF TOWN 1.NANAIMOGIBSONS EAGLE VIEW 875 Gibsons Way eagleviewheights.com 2.KELOWNAWATERSCAPES 250-763-8313 ledmac.com/waterscapes 3.SECHELTEDGEWATER AT POIRPOISE BAY 5915 Beachgate Lane onni.com 4.LANGFORDTHESCENE 2746 Peatt Road livethescene.ca236-259-4202 • Go to nexthome.ca/contests or scan the QR • Select this contest within the listing. Full contest details & rules are in entry form. Enter Online: You could win certificates to MONTANA HILL GUEST RANCH KAMLOOPS, BRITISH COLUMBIA Prize Certificate includes a two-night stay, for two, with cheese making lesson! * Transportation not included The only Canadian-owned guest ranch, where you’ll truly experience life on a working cattle ranch! 1 in 3 chances win!to 7915 Machete Lake Rd., Bridge Lake, BC nexthome.ca 47
Polaris at Metrotown HR polarismetrotown.com Selling Now Tailor HR 604-299-1001 Call
Bastille LR bastille.porte.ca Coming Soon
Court MR 604-621-5888 Now Selling
Vista Green at the Falls TH vistagreenliving.com Call
These listings are meant to offer a comprehensive overview of new home and condo developments currently being marketed throughout Metro Vancouver and the Fraser Valley.
COQUITLAM
Concord Metrotown HR concordmetrotown.com Coming Soon
Maywood on Park HR 604-435-8866 Now Selling
Oslo HR osloliving.ca Call
Cedar Creek MR 604-529-8868 Call
Bordeaux HR bordeauxliving.ca Call
The Standard HR thestandardbyanthem.com Coming Soon
SOLO 4 HR 604-298-8800 Coming Soon
Allison LR mosaichomes.com Coming Soon
Skagen TH 604-931-2283 Now Selling
The Peak at Mountainview TH mymountainview.ca Call
High Street Village LR/TH highstreetvillage.ca Coming Soon
Montvue LR montvueliving.ca Coming Soon
Oasis at Concord Brentwood HR 604-435-1383 Coming Soon
Acadia at Garrison TH 604-991-5151 Call Base 10 TH 604-991-9951 Call
Azure at Southgate HR azureatsouthgate.com Now Selling
ABBOTSFORD
Lakeside at Cultus Lake LR 604-250-3662 Now Selling
Downtown Gate TH 604-357-1943 Coming Soon
Forester Two TH forester.townline.ca Coming Soon
NEW HOME & CONDO DEVELOPMENTS
Falcon Ridge SF 604-309-0540 From $789,000
BURNABY
The Amazing Brentwood HR 604-298-7314 Call
CHILLIWACK
Elk Creek Estates SF 604-316-4140 Now Selling
Malloway Village SF 604-961-5160 Now Selling
The Heights on Austin HR theheightsonaustin.com Call The Robinsons Parkside CollectionTH 604-683-5441 Call
Aldergrove Town Centre LR atcliving.com Coming Soon Aston Carvolth Mews TH 778-705-1153 Call Aviva TH avivaliving.ca Coming Soon Canvas LR canvaslangley.ca Call Crofton TH 604-710-9060 Call Hayer Town Centre LR 604-800-9662 Call For Preview Headwater TH 604-240-9148 Coming Soon Heath TH heathliving.com Call The Hive LR 778-686-8572 Call Latimer Heights SF/DU/RH/TH 604-371-0698 Call
Sun Towers 2 HR suntowersmetrotown.com Call
O2 Metrotown HR o2metrotown.ca Coming Soon
LANGLEY
Southlands SF/TH/LR discoversouthlands.ca Call South Grove TH southgrovehomes.com Call The 85 LR 85scottrdliving.com Call Tsawwassen Heights SF 604-271-7288 Call Tsawwassen Landing SF/LR 604-638-3500 Now Selling Walker House HR walkerhousedelta.com Coming Soon West Coast Estates SF 604-800-9099 Call Westhampton TH 604-946-0477 Coming Soon
Skynest LR 604-362-1505 Call
Terraces at The Peak HR 604-559-5795 Call
Slate HR/TH slatebybeedie.com Coming Soon
DELTA & TSAWWASSEN
Cedarbrook TH/SF 604-490-3451 Coming Soon
Kings Crossing by Cressey PH 604-720-5357 Now Selling
Alina HR ownalina.com Coming Soon
Amber Gate TH 778-871-9532 Coming Soon
Baycrest West TH liveatbaycrest.com Call Burke Village SF/TH/LR burkevillage.ca Coming Soon
Iron Horse SF/RH Ironhorseliving.com Call
The Rail District TH raildistrict.ca Coming Soon
JEM LR jemliving.ca Coming Soon
The City of Lougheed 2 HR 604-328-7128 Call
Riviera HR rivierabyledmac.com Coming Soon
Band HR band.townline.com Coming Soon
Concord Brentwood HR 604-435-1383 Call
Elmwood HR elmwood.marcon.ca Coming Soon Florin LR liveatflorin.com Coming Soon
The Oaks LR theoakscoquitlam.com Call Precidia HR precidiabyledmac.com Coming Soon Riley Park TH mosaichomes.com Coming Soon Sheffield SF mstarhomes.com Coming Soon
Lumina HR/TH luminabrentwood.com Coming Soon
Eclipse Brentwood HR thind.ca/eclipse Coming Soon
Highline Metrotown HR thind.ca/highline Call
Onyx at Mahogany LR 778-255-7099 Now Selling
Skylark LR 604-451-8518 Coming Soon
McKenzie Mews TH mckenzie-mews.com Coming Soon
PROJECT TYPE CONTACT PRICE PROJECT TYPE CONTACT PRICE Legend: CH = City Home DP = Duplex HR = High Rise LO = Loft LR = Low Rise LW= Live Work MR = Mid Rise PH = Penthouse RH = Row Home TH = Townhouse 48 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
Linc MR livingatlinc.com Coming Soon
Contour Metrotwon HR contourmetrotown.com Coming Soon
SOL HR 604-937-9688 Register Now Sophora at the Park HR 604-942-8416 Now Selling Sydney Townhomes TH 604-961-3559 Call Terrayne at Burke Mountain TH terryane.townline.com Coming Soon Vue HR vueliving.ca Coming Soon West HR westbybeedie.com Call
Byrnepark LR/TH 604-228-8530 Coming Soon
Nuvo HR nuvobyanthem Coming Soon
Boardwalk TH/DU/SF 604-306-2226 Call The Madison LR madisonresidencs.ca Coming Soon Peregrine LR 604-943-6677 Call
Laval LR liveatlaval.com Coming Soon
Lighthouse LR 604-364-7424 Call Moody on the Hill LR moodyonthehill.com Selling Now Pier West HR 604-553-4211 Call
CF Richmond HR 604-788-6608 Now Selling Concord Galleria HR 604-233-7748 Call Diamond Steveston TH 604-242-1193 Coming Soon Grand, The HR 604-278-3880 Call Hollybridge At River Green HR hollybridgeliving.com Call Luxe Lansdowne HR luxelansdowne.com Call Luxio On the Park LR 604-780-6433 Now Selling
The Park Landmark TH 604-786-0006 Coming Soon
Horizons TH 1-888-826-1177 From $319,800
Aire at North Harbour MR northharbourbyconcert.com Now Selling
SURREY
Estella LR 604-375-7626 Call
Hepburn TH hepburntownhomes.com Register Now Insignia LR experienceinsignia.com Coming Soon Nova TH mortisegroup.com Call Nora TH 604-603-6313 Call
RICHMOND
The Trails TH liveat.thetrailslowerlonsdale.com Coming Soon
PORT COQUITLAM
Cascade City HR 604-285-7285 Now Selling
PROJECT TYPE CONTACT PRICE PROJECT TYPE CONTACT PRICE Legend: CH = City Home DP = Duplex HR = High Rise LO = Loft LR = Low Rise LW= Live Work MR = Mid Rise PH = Penthouse RH = Row Home TH = Townhouse nexthome.ca 49
Cedar Valley Rowhomes RH cedarvalleyrowhomes.ca Coming Soon
NEW WESTMINSTER
MISSION/HARRISON
Bridle Ridge SF mstarhomes.com Call
Madewell TH madebygatehouse.com Call
The Grande HR 604-552-0552 Now Selling Hue HR 604-461-3445 Coming Soon
Inspire LR 604-576-7722 Call
Podium LR 604-657-7653 Coming Soon
Provenance TH 604-467-2285 Call
Apex at Seylynn Village HR/TH/PH apexatseylynn.ca Now Selling
AVA LR 604-736-0050 Call
The Windsor HR 604-256-9178 Call
Green on Queensbury LR/TH qualex.ca/green Register Now Innova LR liveinnova.ca Selling Now Lennox LR 604-988-3617 Coming Soon
West Oak TH westoakliving.com Selling Now
Harrison Ridge TH 1-844-432-7444 From $690K
ERA LR 604-239-1898 Call
SQUAMISH/WHISTLER
Founder’s Block South TH 604-689-3040 Coming Soon
Chroma LR 604-813-2547 Call
Nelson & Grove SF mstarhomes.com Coming Soon Westminster Plateau LR/TH westminsterplateau.ca Coming Soon
Crest Kanaka Springs SF kanakasprings.com Call
Evolv35 TH 604.785.7653 Call
One Central HR onecentral.ca Call Onyx & Ivory TH www.onyxivory.ca Coming Soon Park George HR 604-583-9866 Call Piano HR concordpiano.ca Coming Soon Silva LR silvasurrey.com Coming Soon Unison LR 604-498-2505 Coming Soon Woodward TH 604-831-0307 Call
Baden Park LR/TH badenparkbyanthem.com Register Now Ebb & Flow GH/CH/TH 604.818.1177 Now Selling
Minoru Square HR thind.ca/minorusuare Coming Soon One Park HR oneparkliving.com Call Paramount HR Paramountliving.ca Call Park Residences II at Minoru Park HR parkresidences.ca Now Selling
Union TH 604-593-5251 Coming Soon
Nature’s Walk TH 604-262-1850 Now Selling
Prima HR liveatprima.com Coming Soon River Green MR 604-233-2633 Call Spires Road Townhomes TH southstreet.ca Coming Soon Times Square Richmond HR timessquarerichmond.ca Now Selling Torino HR 604-303-0148 Call Trillion DP 604-242-1193 Call Viewstar HR 604-630-6668 Call Williams Living TH 604-831-9966 Coming Soon
MAPLE RIDGE
PORT MOODY
Lupine Walk Seymour Village LR seymourvillage.com Call Millennium Central Lonsdale LR millenniumlonsdale.com Coming Soon Neu on 3rd TH neuon3rd.ca Coming Soon Park West HR 604-770-1336 Now Selling
Amaya LR/TH amayaliving.ca Call Bell Green Park TH 604-592-4151 Coming Soon Central HR 604-498-3887 Call Century City Holland Park HR centurycitysurrey.com Call Central Living LR 778-883-7366 Call District NW HR thind.ca/districtnw Coming Soon Elwynn Green TH 778-889-7496 Coming Soon
Harrison Highlands SF 1-888-758-0850 Call
Windfall TH windfallbygatehouse.com Coming Soon
NORTH VANCOUVER
1515 Rupert LR 236-869-2515 Call
Anchor LR 604-343-7719 Call Bayrock Terrace HR bayrockterrace.ca Now Selling
PITT MEADOWS
Mayfair TH 604-560-0272 Now Selling
Executive on the Park LR/TH executiveonthepark.com Coming Soon Forest Ridge LR 778-298-2280 Coming Soon
Kennedy TH kennedytownhomes.ca Register Now La Riviere LR 604-359-0135 Coming Soon
Atmosphere HR Atmosphereliving.ca Call Burgundy TH 604-242-1193 Coming Soon
Aegean Homes LR 778-558-5113 Call Britannia Beach… ...TH… britanniabeachliving.com… Coming Soon Highline TH/DP 604-871-4188 Coming Soon Redbridge MR/TH redbridgesquamish.com Coming Soon Sea and Sky TH 604-559-7918 Call The Lofts LR 604-815-1737 Call
Sierra Ridge LR sierraridge.ca Call
River Queensborough TH 604-438-5050 Call
The Towers at Latimer Heights TH 604-371-1669 Call
Sequoia Living TH 604-723-5386 Call
Unison LR unisonlangley.ca Coming Soon Westbrooke RH 604-385-3540 Call
Assembly LR assemblystrathcona.com Coming Soon
Clive at Collingwood LR cliveliving.com Coming Soon
Paragon LR 604-688-5566 Coming Soon
EAST SIDE
Sixteen & Burrard TH/DU 778-729-0898 Call TESORO HR tesorobyconcert.com Now Selling
River District Ardea HR wesgroup.ca/ardea Coming Soon
Altus LR 778-294-7794 Call The Boroughs TH theboroughs.ca Now Selling Douglas Green TH douglasgreenliving.com Coming Soon Elisa TH elisaliving.ca Coming Soon Horizon TH 604-441-8789 Coming Soon Kendrick SF kendrickbymarathon.com Register Now King & Crescent LR 604-560-0272 Call Miramar Village HR 604-542-8882 Call Monaco HR liveatmonaco.ca Call The Loop TH gramercy.ca/home/the-loop Coming Soon The Oak TH 604-360-0789 Call Soleil HR soleilwhiterock.com Call Southaven TH 604-377-1078 Call South Village TH 604-910-9919 Call
Chelsea by Cressey MR 604-805-1804 Now Selling
CURV HR thecurv.ca Register Now Dunbar at 39th LR wesgroup.ca/dunbar Call Eila on W49 TH 604-558-5848 Call Form HR Anthemproperties.com Coming Soon Grace TH gracewestside.com Register Now Gryphon House MR 604-620-8295 Call Gryphon Nova MR 604-620-8295 Call Heather and Seventeenth LR Liveheather17.com Call Heritage on Cypress & Second SF 778-729-0898 Call Italia HR italiabysolterra.ca Coming Soon Ivy on the Park HR 604-225-0117 Call Just West TH 604-734-8883 Call Kitsilano Block LR kitsilanoblock.com Coming Soon Legacy on Dunbar LR 604-990-8800
Lilibet LR 604-879-0030 Coming Soon
Oak +52 TH 604-828-7352 Coming Soon
The Regent TH 604-273-1313 Call Voyce LR voyce.ca Call West 4th & Trimble SF 778-729-0898 Now Selling W63 Mansion LR 63mansion.com Coming Soon W68 HR w68.ca Coming Soon West Boulevard DU 778-729-0898 Call Westbury in Arbutus Ridge TH 604-620-8295 Call West Oak LR/TH 778-716-6888 Now Selling
WHITE ROCK/SOUTH SURREY
Caban .LR/TH cabanbycressey.com Now Selling ELLA HR 778-215-6788 From $679,900 Waterscapes HR 250-763-8313 Call VICTORIA
The Pacific HR grosvenorpacific.com Call
Ace one the Drive LR togetheronthedrive.ca. Coming Soon
The Windsor HR thewindsorliving.com Now Selling V on E49 LR 778-751-8930. Coming Soon
Carven LR kerrisdalebykenstone.com Coming Soon
Templeton TH templetonliving.ca Now Selling
Amber LR/TH 604-871-8600 By Appointment
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OUT OF TOWN PROPERTIES KELOWNA
Brock House TH/SF 778-388-8682 Call
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WEST SIDE
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99 West MR 604-620-8600 From $528,800
WEST VANCOUVER
The Conservatory CH/HR 604-821-8291 Now Selling
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PROJECT TYPE CONTACT PRICE PROJECT TYPE CONTACT PRICE NOTE: Pricing is subject to change; please contact the specific development for more up to date details or special promotions. Legend: CH = City Home DP = Duplex HR = High Rise LO = Loft LR = Low Rise LW= Live Work MR = Mid Rise PH = Penthouse RH = Row Home TH = Townhouse 50 New Home + Condo Guide | Sept. 17–Oct. 1, 2022
VANCOUVER & AREA
This is not an offering for sale. Sales by disclosure statement only Marketing by Adera Realty Corp., Pura Adera Projects Ltd. Sales powered by MLA Canada Realty. E.&O.E. REGISTER NOW LivePura.ca Sustainable, enduring mass timber homes IN SURREY BLOSSOMINGCENTRAL’SWESTVILLAGE 1 TO 2 + BEDROOMDENHOMES OWN IN SURREY’S VIBRANT NEW WEST VILLAGE
“West Village is definitely evolving into one of Surrey’s hot spots,” says Eric Andreasen, Adera’s Vice President of Marketing and Sales . “There’s an active, youthful vibe here that makes it a place people of all generations want to live. And even though you’re just a short stroll from Surrey’s downtown core as well as not one, but two SkyTrain stations, there’s still a quiet, residential ambience.”
“We definitely believe mass timber, including cross laminate timber (CLT), is the building material of the future,” Eric says. “It performs as well as concrete and steel, if not better, and it’s quieter and more affordable. It’s also a carbon sequestering material, meaning reduced off-gassing, in addition to having an enhanced acoustical performance.”
PURA
BRILLIANTYOURCELEBRATEMOSTLIFE
LOCATION Surrey BUILDER Adera HOME TYPE Mid-rise, starting in the mid-$300,000s SALES CENTRE 102 – 13734 – 104th Avenue
Picture this: an uber-chic home in the heart of Surrey’s sparkling West Village neighbourhood; a diverse array of amenities that focus on wellness and a hip, balanced lifestyle; and mass-timber construction, a product that’s sustainable, environmentally friendly, and looks… well it’s exquisitely beautiful.
Now say hello to PURA, 248 condominium homes in two buildings that are linked together by a social plaza with plenty of outdoor lounge seating, a curved pergola, and a distinctly playful outlook.
CONTACT livepura.ca or info@livepura.ca
Long known as a leader and innovator in mass-timber construction, Adera will be introducing its proprietary SmartWood to Surrey at PURA.
SMARTWOOD® STYLE
Right at home you’ll discover a fitness and yoga meditation zone, a children’s outdoor play area, bike repair and wash stations, a dog wash — because every canine family member will always love rolling around in “stuff”— and a DIY workshop for when you feel like taking up a new craft or simply puttering with a few repairs. And when you feel like hosting friends and family, your toughest decision may be whether to meet in PURA’s party room or on the spacious rooftop deck with dazzling sunset views.
Adera is also excited to announce PURA will be Surrey’s first community designed to achieve Fitwel Certification, a globally recognized, third-party certification for enhanced wellness.
PURA offers 248 mass-timber condominiums ranging from one-bedroom to two-bedroom and den, starting from the mid-$300,000s. Presentation centre opens soon at 102 – 13734 – 104th Avenue in Central Surrey. Visit livepura.ca for more information and to priority register. But hurry, because VIP previews start soon, and you’ll want to check out this property ahead of the public opening on Sept. 24.
Loving the new telecommuting work routine? Well, when you feel like a change of scene, there’s even an airy, sun-drenched co-working lounge, perfect for inperson or zoom meetings, too.
Homebuyers who’ve already purchased an Adera home incorporating this technology know it translates into quieter, more comfortable, more sustainable living every day.
DESIGNED WITH WELLNESS IN MIND
All PURA residences are meticulously crafted to become an intersection of the eight pillars of wellness—emotional, social, spiritual, environmental, physical, occupational, intellectual and financial—with more than 12,000 sq. ft. of on-site amenity space and proximity to every urban convenience imaginable.
This is not an offering for sale. Sales by disclosure statement only Marketing by Adera Realty Corp., Pura Adera Projects Ltd. Sales powered by MLA Canada Realty. E.&O.E. 1 TO 2 + DEN BEDROOM HOMES Own in Surrey’s vibrant new West Village. These sustainable, mass timber homes feature one to two plus den bedrooms, wellness-centered amenities, and Adera’s proprietary SmartWood® — a whole new class of building material. Downtown, without being right downtown, enjoy all the benefits and convenience of an urban lifestyle. Just steps from the center of it all. REGISTER NOW LivePura.ca For more PresentationInfo@livepura.cainformation:604.681.4800Centre#102 – 13734 104th Ave., Surrey, BC 104 Ave WhalleyBlvd 138St 138aSt Central AveKingGeorgeBlvd REGISTER TODAY FOR MORE INFORMATION
*GRYPHON STARTER PROGRAM ("Program") is a limited offer for Gryphon Nova and inventory based on a set of parameters determined by, and at the sole discretion of the developer. The developer reserves the rights to change, modify, extend or cancel this incentive at any time without notice or compensation. All illustrations and renderings reflect the artist’s interpretation only and are not accurate representations of the actual project. This is not an offering for sale. Any such offer will only be made with the applicable disclosure statement and agreement of purchase and sales. Gryphon Oak 67 Limited Partnership. E. & O. FINAL RELEASE: 1, 2 & 3 BEDROOM HOMES STARTING FROM $688,000 CALL OR REGISTER NOW FOR MORE DETAILS GRYPHONNOVA.COM | 604-620-8295 WE PAY YOUR MORTGAGE FOR 6 MONTHS * INTRODUCING GRYPHON STARTER PROGRAM Rapidly evolving vibrant communityCentrally located, for Vancouver and beyond Over 5000 Sq Ft of Indoor & Outdoor Amenities For a limited time offer, Gryphon Starter Program provides you the assistance you need to own the perfect home to grow your family in the Vancouver West Area. By becoming a Gryphon Nova homeowner of our featured units, we will support you by paying your mortgage for the first six months! Minutes away from the Oakridge expansion, Marine Gateway, and T&T, Gryphon Nova is equipped with over 5000 sq ft of seamless indoor & outdoor amenities and a smart furniture system for your family’s wellness and spacious living. LIMITEDTIMEOFFER
ST UDI O, 1, 2 , & 3 BE D R OO M HOME S ST E P S F R O M L A NSD OW N E STATIO N R EG I STE R TOD AY T H I N D. C A/ M I N O RUS Q UAR E This is not an offering for sale which can only be made with a disclosure statement. In our continuing effort to improve and maintain the high standard of Minoru development, the developer reserves the right to modify or change plans, specifications, features and prices without notice. Renderings are an artist’s conception and are intended as a general reference only. Please refer to the disclosure statement for exact offering details. E.&O.E. The ultimate expression of holistic living - the homes of Minoru Square and a remarkable collection of amenities that include a Serenit y Room, Tea Room, Cocktail Lounge, Co Working Space and more - give you a refreshingly enlightened way to live.
