Vancouver New Home + Condo Guide – November 4, 2024
The first and only complete guide to pre-construction homes and condos
Introducing The North, a limited release of 67 exclusive residences defined by bold architecture, spacious interiors and the convenience of central Port Haney living. Life at The North means mountain views, river walks, retail amenities and transit access, all steps from home. Priced for first-time buyers, the North combines thoughtful, pragmatic design with residences on the cusp of nature. The North Delivering Life in Balance to Maple Ridge.
Front & Pier at Port Haney (10min walk)
West Coast Express (10min walk)
Downtown Shops & Restaurants (10min walk)
MEDIA CONSULTANTS
Dave Bird
604.319.7102 dave.bird@nexthome.ca
Ricardo Hernandez
604.319.7103 ricardo.hernandez@nexthome.ca
EDITORIAL DIRECTOR
Amanda Pereira
EDITOR
Marlene Eisner
CONTRIBUTING EDITOR
Sara Duck
CONTRIBUTING WRITERS
Susan M Boyce, Michelle Hopkins
EXECUTIVE MEDIA CONSULTANT Jacky Hill
SALES & MARKETING COORDINATOR Gary Chilvers
DISTRIBUTION distributionteam@nexthome.ca
ACCOUNTING INQUIRIES accountingteam@nexthome.ca
DIRECTOR OF PRINT MEDIA
Lauren Reid–Sachs
GRAPHIC DESIGNER & PRE-PRESS COORDINATOR
Hannah Yarkony
GRAPHIC DESIGNER
Yvonne Poon
Published by nexthome.ca
Advertising Call 1.866.532.2588 ext. 1 for rates and information. Fax: 1.888.861.5038
Circulation Highly targeted, free distribution system aimed at real estate buyers using street level boxes and racking, plus door-to-door insertions in key audience segments. Call 1.866.532.2588 to discuss distribution opportunities.
Copyright Notice All copyright and other intellectual property rights in the contents hereof are the property of NextHome, and not that of the individual client. The customer has purchased the right of reproduction in NextHome and does not have the right to reproduce the ad or photo in any other place or publication without the previous written consent of NextHome. Contents of this publication, in hard copy format as well as online, are covered by copyright law, and offenders will be prosecuted.
Copyright 2024 All rights reserved. Reproduction, storage in a retrieval system or transmission, in any form or by any means, whether electronic, mechanical or otherwise, in whole or in part, without prior written permission of NextHome is strictly prohibited.
Editorial Submissions from interested parties will be considered. Please submit to the editor by email to editorial@nexthome.ca. The views and data expressed by columnists do not necessarily represent those of the publication.
Terms and Indemnification Advertisers and contributors: NextHome is not responsible for typographical errors, mistakes, or misprints. By approving your content and/or submitting content for circulation, advertisers and contributors agree to indemnify and hold harmless NextHome and its parent company from any claims, liabilities, losses, and expenses (including legal fees) arising out of or in connection with the content provided, including but not limited to any claims of copyright infringement, unauthorized reproduction, or inaccuracies in the content.
Advertisers acknowledge that they have the necessary rights, permissions, and licenses to provide the content for circulation, and they bear full responsibility for the content’s accuracy, legality, and compliance with applicable laws upon approval. Contributors acknowledge NextHome reserves the right to omit and modify their submissions at the publisher’s discretion.
WHEN IS THE RIGHT TIME TO BUY A HOME?
MARLENE EISNER
EDITOR
New Home + Condo Guide
EMAIL: marlene.eisner@nexthome.ca
TWITTER: @MarleneEisner
They say timing is everything, and that rings especially true when you are thinking of buying a home. There are so many factors that need to come together before making such a big decision. From the neighbourhood in which you wish to live and its proximity to public transit and major roadways, to the housing type and the all-important financing, each piece should fit neatly to complete your home-hunting picture.
However, even if you’ve earmarked a neighbourhood and found a project that suits your budget and lifestyle, how do you know if it’s the right time to buy? These days, news sources are filled with information about the state of the housing frontier that signal things are heading in a positive direction for homebuyers. While much of it sounds good, these reports are often written in language filled with industry jargon and terms that can be difficult to decipher. If you’re looking for some clarification, we’re here to help. On page 24, Garde MacDonald in his Pre-Sale Report demystifies and explains some of the factors affecting today’s new-home market that he says point to now being a good time to buy a home.
If you already own a home and your mortgage is coming up for renewal, you’ll be happy to know that as of Nov. 21, the rules will change — in a good way. New regulations announced by the Office of the Superintendent of Financial Institutions (OFSI) will open up doors to make renewing a mortgage easier — and possibly save you thousands of dollars in the process. Our mortgage expert, Alisa Aragon-Lloyd, on page 12 explains the changes that are coming, and how they will affect you.
As always, this issue has other interesting and informative articles to help you on your home-finding journey, from new releases and upcoming projects to the importance of community amenities in modernday living.
Let us know what you think. We’d love to hear from you.
+ Is now the right time to buy? Page 24 + get social Interact with us on social media: nexthome
HOT PROPERTIES
FIND YOUR NEXT HOME
This page features a few of the latest properties to keep your eye on in the Metro Vancouver area.
PREVIEWS & REGISTRATIONS
ALASKA
Home type: Condominiums and loft homes
Developer: Amacon
On the map: Brentwood Web: amacon.com/alaska/
Info: A boutique collection of one-, two—and three-bedroom, concrete condos and loft homes. Located in a prime walkable area on Brentwood’s serene Alaska Street, where shopping, restaurants, rapid transit and major commuter routes are close to home. Homes are designed with beautifully curated interiors where you can love life, inside and out. Register today.
GREENHOUSE
Home type: Condominiums
Developer: Concord Pacific
On the map: Burnaby Web: concordgreenhouse.com
Info: Thoughtfully designed homes, airy nine-ft. ceilings and sophisticated details enhance the tiled, expandable living space. Balcony versatility, with state-of-theart retractable glass screen system with individually adjustable panes. Enjoy 220 acres of lush greenery as your backyard, with the beauty of Central Park just a stone’s throw away. Unwind in the serene Crystalline pool, and relax in the Fountain Pavilion, set amid
lush foliage, or host a tea party for family and friends in the elegant dining hall. Register today.
HALO
Home type: Condominiums
Developer: Polygon
On the map: South Surrey
Web: polyhomes.com/community/halo/
Info: A new collection of one-, two- and three-bedroom homes in two contemporary yet timeless six-storey buildings surrounding an intimate courtyard, in the heart of South Surrey. Balance comfort with quality and convenience with charm in a central location at 24th Avenue near 152nd Street. Access urban amenities to the east and serene beaches to the west, with parks and schools in between. Live encircled by everything you need, only minutes away. Register today.
HAWTHORNE
Home type: Condominiums
Builder: Otivo
On the map: Port Coquitlam
Web: hawthornebyotivo.ca
Info: In the heart of Port Coquitlam, 35 spacious family-style residences with an abundance of amenities. These homes redefine modern elegance, with each element
of design and architecture meticulously crafted to elevate your lifestyle. Amenities include an amenity room, designed for relaxation and entertainment, a work hub room with a dedicated meeting space equipped with a table and chairs, a printer and ample cabinetry for efficient tasks, bike wash and repair centre, and outdoor space with BBQ, fire pit, tables, gardens and a play area for children. Register today.
MONACO
Home type: Condominiums
Developer: Solterra Development
On the map: White Rock
Web: https: liveatmonaco.ca
Info: Natural wood, expansive floor-toceiling windows, contemporary colour palettes and European cabinetry — these are just a few features of these sophisticated and inviting living spaces. Enjoy 12,000 sq. ft. of amenities, including rooftop community garden plots, a putting green, children’s play area, private dog run, barbecue dining space and fireplace lounge. Located at the crest of the hill in White Rock’s Lower Johnston Road neighbourhood, offering the proximity to urban conveniences and a quiet, sophisticated setting. Register today.
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
GREENHOUSE
HALO
MONACO
HOT PROPERTIES
SURREY – LANGLEY – ABBOTSFORD – MISSION
SURREY
1. PIANO 105A & City Parkway concordpiano.ca
2. PARK GEORGE 9908 King George Blvd 604-583-9866 parkgeorge.com
3. DISTRICT NW University Drive & 105 Avenue thind.ca
4. CENTURY CITY HOLLAND PARK 13583 98 Avenue centurycitysurrey.com
5. PURA 105 Ave & 132 St livepura.ca
6. AMAYA LIVING 106 Ave & 140 St amayaliving.ca
7. SEQUOIA 133 Street & 104 Avenue sequoiawestvillage.ca
8. THE BEVERLY 17538 100 Avenue 778-400-4773 escapetothebeverly.com
20. JERICHO PARK 200th Street & 80th Avenue 604-357-3008 jerichobyessence.com
FORT LANGLEY
21. LEAH 9122 King Street 604-293-3477 leahtownhomes.com
ABBOTSFORD
22. THE RAIL DISTRICT 2774 Montrose Avenue 604-850-0040 raildistrict.ca
VIVERE
EVERYDAY LIVING MADE EXTRAORDINARY
They say timing is everything –especially if you are looking for a new home. Vivere, the first concrete residential highrise coming to North Guildford in Surrey, is now selling, which means it’s the perfect time to discover the place you’ll want to live.
Contemporary yet timeless, the 175 homes at Vivere, designed by Rafii Architects Inc., are built with the end-user in mind. Ideal for firsttime homebuyers, growing families, singles and young professional couples, choosing to live in this vibrant community means pride of
ownership and knowing your home was constructed with care, quality craftsmanship and luxurious finishes that will stand the test of time.
WELCOME HOME
Drawing inspiration from the heart of Italian culture, Vivere celebrates
a lifestyle where simplicity and quality elevate everyday living to something extraordinary. This ethos is felt immediately upon entering the comfortably elegant lobby, with its warm-toned wood millwork comfortable seating area and a friendly concierge to offer personalized attention for all of your needs and queries.
THE URBAN COLLECTION
Living at Vivere offers homeowners access to their own personal sanctuary away from the hustle and bustle of the outside world, creating a haven they are reluctant to leave. This modern collection offers two distinct colour schemes: Acqua, which captures the tranquil and refreshing essence of water; and Aria, representing the crispness and clarity of air.
Taking a cue from the Italian love for food and family gatherings, homes are equipped with kitchens designed to inspire culinary adventures. Customcrafted, dual-tone cabinetry imported from Italy offers a sleek, contemporary look, with vertical wood-grain laminate and matte acrylic finish accented by a full-height slab quartz backsplash and matching countertop. The Bertazzoni Professional Series appliance package – including 30-inch five-burner gas cooktop with concealed hood fan, convection wall oven, and integrated microwave drawer – will satisfy even the fussiest foodie.
THE PRIVATE COLLECTION
For those seeking the ultimate in luxury living, Solterra’s signature
Private Collection on levels 19 and 20 encompass the sub-penthouse and penthouse residences, pairing spectacular views with luxurious finishes for a truly elevated experience. Kitchens embrace gourmet luxury with a high-quality professional appliance package from Gaggenau and Sub-Zero, and over-sized island that provides ample space for cooking and entertaining. Penthouse homes also include a private, rooftop terrace –the perfect place to relax at the end of the day.
ENVIABLE AMENITIES
Life at Vivere is about bringing people together in a nurturing space, a place for families where each moment is treasured, connecting residents with the joy and essence of the present in a well-established, integrated community. Some of the 26 amenities at Vivere include putting green; an outdoor kids’ play area and indoor kids ‘play room; bike repair room; games room with pool table; parcel room; guest suite; and EV chargers. For four-legged family members, there’s a pet spaw and off-leash dog park, while fitness enthusiasts will enjoy the cold plunge, hot tub, steam sauna, inferred sauna, yoga and Pilates studio, and fitness centre. And when it’s time to celebrate with friends and extended family, there’s an indoor dining room, party room with kitchen and lounge, outdoor kitchen, outdoor lounge with fireplace, community gardens, and outdoor dining areas.
CLOSE TO IT ALL
When life takes you away from home, it’s good to know that Vivere is close to where you need to go, with quick access to Highway 1, so you can be downtown in under 35 minutes, North Shore in 28 minutes, at the U.S. border in a half-an-hour, or East to Langley in 22 minutes.
Ideally located on the corner of Guildford Drive and 152 Street in North Surrey, Vivere offers one- to three-bedroom condominiums –including Solterra’s signature Private Collection of sub-penthouses and penthouses – plus select townhomes with private, 1,000-sq.-ft. rooftop decks. Don’t be disappointed. Sales have begun. Register at viverebysolterra.ca and book your private appointment today.
LOCATION
Surrey
DEVELOPMENT
Solterra Development Corp
HOME TYPE
Highrise condominium and townhomes
SALES CENTRE
1545 Johnston Road, White Rock, BC
CONTACT
info@viverebysolterra.ca
RENEWING YOUR MORTGAGE IS GOING TO
GET EASIER
ALISA ARAGON-LLOYD
As of Nov. 21, the landscape for homeowners is going to change in a good way — at least when it comes to how, and with whom, you renew your mortgage.
The Office of the Superintendent of Financial Institutions (OSFI), which regulates banks and non-bank lenders (mono-lenders that only
work with mortgage experts), will no longer require lenders to use the mortgage stress test for borrowers who switch or transfer their mortgage to a new lender during renewal time. Quick translation? Renewing your mortgage will get easier.
HOW IT IS NOW
Currently, the rules require a borrower with an uninsured mortgage (where a homeowner has more than 20 per cent equity in their home) who wants to change lenders at renewal time, to pass the federal
“
” This change will improve competition in the mortgage marketplace and will allow borrowers the opportunity to shop around for the best rate...
mortgage stress test to show they can handle payments at an interest rate two per cent higher than the actual contract rate.
The mortgage stress test is in place so borrowers applying for a new mortgage can prove they can afford to still make their payments in the event that interest rates increase. A borrower must have the income and debt ratios to pass either the minimum qualifying amount, which currently is 5.25 per cent, or their contract rate plus two per cent –whichever is higher. For example, if the contract rate is 4.39 per cent for a three-year fixed term, the borrower would need to qualify at 6.39 per cent.
Both fixed and variable mortgage rates have been in the five-to-six-per cent range in recent years, and so all mortgages have been stress-tested at plus two per cent. This has meant
many borrowers had to pass a stress test of between seven and eight per cent, making it much tougher to qualify if they wanted to switch lenders at renewal.
HOW IT WILL BE AFTER NOV. 21
With the change, a homeowner will have more flexibility to shop the best rates and make the move over to a new lender that works best for them, as long as it’s a “straight transfer/ switch” — the mortgage amount and amortization period remains the same.
The change will also address the “imbalance” that Canada’s banking regulator felt was occurring between how insured and uninsured borrowers were treated at renewal time. As well, professionals in the mortgage industry pointed out that requiring the stress test effectively removed competition
from the mortgage marketplace, as a borrower would be less likely to shop around for better options at renewal, and that lenders would be less incentivized to offer better rates for those who did want to switch. A homeowner who renews their mortgage with their existing lender is not usually re-stress tested.
A WIN-WIN SITUATION
This change will improve competition in the mortgage marketplace and will allow borrowers the opportunity to shop around for the best rate, which in some cases can save a homeowner hundreds of thousands of dollars over the lifetime of their mortgage. Plus, their renewed ability to do so will motivate lenders to offer more competitive rates to entice new clients who may be thinking of switching. If your mortgage is up for renewal soon, now’s the time to check with a mortgage expert, so you can be informed of all your available options.
Alisa Aragon-Lloyd has been a mortgage expert for more than 13 years. She prides herself in helping her clients build wealth using many different strategies in real estate. She is licensed with Bridgestone Financing Pros and is on the board of directors for the Homebuilder Association of Vancouver (HAVAN) and is a multiple award-winning member.
NEW TO THIS CANADA? HERE’S HOW TO QUALIFY FOR A MORTGAGEI
https://bit.ly/35S2sEc
HOW TO CREATE A SENSE OF PEACE IN YOUR HOME FOR 2022
https://bit.ly/3hHDevb
DEBUNKING PRECONSTRUCTION MYTHS
https://bit.ly/3HH5Dfw
SHOULD YOU ADD YOUR KIDS TO THE TITLE OF YOUR HOME
https://bit.ly/3MohMt9
Want more great articles like these delivered directly to your inbox? SIGN UP FOR OUR NEWSLETTER: nexthome.ca/newsletter
VANCOUVER – DOWNTOWN VANCOUVER
1. CLARIDGE HOUSE 498 West 41st Avenue
604-941-8305 polyhomes.com
2. GRYPHON HOUSE 6191 West Boulevard 604.620.8295 gryphonhousevancouver.com
3. WEST WIND 2620 Acadia Road 604-260-8446
10. GRACE
7. SHIFT 35th Ave & Quebec St. aragon.ca/shift
8. THE CONSERVATORY 6080 Gray Avenue 604-821-8291
9. CURV 1059 – 1075 Nelson Street thecurv.ca
14. ITALIA 2323 Fir Street italiabysolterra.ca
15. MARCO POLO 6409 Cambie Street 604-620-8295 marcopolobygryphon.com
16. W16 BY OLSON KUNDIG 3220 Cambie Street 604-648-1800 W16byolsonkundig.com
ORTUS
YOUR NEW LIFESTYLE IS WAITING
Set your sights onto something new and exciting on Vancouver’s West Side. Introducing Ortus, a six-storey concrete construction condo development that is one of the best values in the up-and-coming neighbourhood of South Oak. And the best news? Early purchasers can benefit from a limited-time offer of up to seven percent in savings! That means no closing costs: No property tax transfer, no GST, and no legal fees. All this while conveniently located near shopping, dining, entertainment and recreation, some of Vancouver’s finest schools and quick and easy connections to downtown, Richmond, the U.S. border and YVR airport.
YOUR LIFE, YOUR WAY
Ideal for first-time homebuyers, as a move-up home, or for savvy investors looking for a great incomeproducing property, Ortus checks off all the boxes, so you can elevate your life and live comfortably. Homes are thoughtfully designed, with attention to detail that combines a rising location, open floorplans and breathtaking amenities.
It all begins with a well-appointed lobby equipped with a Snaile parcel system to keep your deliveries secure and waiting until you’re ready to pick them up. Head upstairs after a long day out and step into your own personal sanctuary. Warm, wide-plank engineered hardwood flooring, large floorto-ceiling windows and nine-ft. ceilings enhance the feeling of openness, while the solid concrete construction blocks out the noises of the outside world.
GOURMET DINING
Whether you love to try out new recipes for yourself or enjoy entertaining friends for gatherings, the kitchens at Ortus will not disappoint. Equipped with a Bosch appliance package, Fulgor Milano refrigerator with bluelight technology, bottom-mount freezer and wine rack, and built-in Panasonic microwave, you’ll also find extras that you never knew you even needed such as under-cabinet lighting and built-in Richelieu spice racks and cutlery trays.
INSPIRING AMENITIES
When it’s time to enjoy life close to home, the amenities at Ortus will keep you occupied on all levels. Experience the rooftop terrace, SkyHaven, with its lounge, dining area under an illuminated pergola and a gourmet prep area with barbecue grill and refrigerator. Interested in something more relaxing? Look no farther than the quiet meditation zone, recline on a lounge chair with a good book or collect fresh herbs from the community garden, all while taking in the sweeping views of the Vancouver cityscape. There is also an indoor residents’ lounge that includes a flexible workspace, private co-working pods, a cosy area with a fireplace and a kitchen and dining area for hosting family and friends.
Ortus is now selling one- to three-bedroom-plus-den homes. Act now and take advantage of a limited-time offer of up to a seven percent savings for early purchasers. Visit the sales centre at 8398 Oak Street, call 236.983.6173 or email info@ortusliving.com to learn more!
COMMUNITY AT THE HEART OF
MODERN LIVING
Port & Mill, a Streetside Developments project that recently won Best Multi-Family Amenity Space at the 2024 HAVAN Awards for Housing Excellence, is setting new standards in thoughtful design and quality-built community living. Located between twin residential buildings, this free-standing 1,500-sq.-ft. amenity building serves as the heartbeat of the development, offering functional spaces that enhance social interaction, while remaining practical for everyday use.
EXTENSION OF YOUR HOME
Designed to foster community, keeping versatility in mind, the
amenity building features a welcoming lounge area centered around a 75-in TV, perfect for casual get-togethers or movie nights. A fully equipped kitchen with a gas range, full-size fridge and a harvest-style dining table transforms the space into an extension of the home. Whether it’s a small gathering or a large celebration, this communal area accommodates residents’ lifestyles, while keeping overhead manageable—a feature especially appreciated by first-time homebuyers and young couples.
FITNESS ON YOUR TERMS
Fitness enthusiasts will enjoy the bright and airy gym, thoughtfully separated from the main amenity space to ensure continuous access even when the lounge or kitchen area is booked. Floor-to-ceiling mirrors, expansive windows, cardio machines, free weights and a bench press
station create an environment where residents can stay active without needing to leave the building.
OUTDOOR SPACES FOR EVERY SEASON
Stepping outside, residents can enjoy year-round outdoor dining thanks to a built-in barbecue area sheltered under wooden trellises and glass panels. Just a few steps away, the garden lounge offers a cosy retreat with a natural-gas fire pit and modern Adirondack chairs, making it a popular spot to relax with neighbours. Purposefully placed wooden trellises provide a mix of sun and shade, adding comfort with a west coast aesthetic.
ENCOURAGING PLAY AND INTERACTION
The children’s playground is designed not just for play, but to foster community interaction. An elevated
WENDY MCNEIL
play hut with a wobble bridge and slide provides endless fun, while nearby wood seating areas encourage parents to gather and connect. Installed on resilient, recycled rubber surfacing, the play area offers a safe space for children to explore.
A STREETSCAPE THAT WELCOMES ALL
The project’s landscaping further enhances the sense of community by blending public and private spaces. Along Dogwood Street, three thoughtfully placed seating areas invite pedestrians to pause and gather, while drought-tolerant plantings and herringbone-patterned brick walkways add environmental sustainability and visual appeal.
A CONNECTED COMMUNITY
This multi-family development shows how shared spaces can extend beyond mere function, creating meaningful opportunities for connection and fostering a sense of belonging among residents. Through thoughtful design, quality building and low-maintenance solutions, the project offers more than just amenities—it provides a lifestyle to residents that encourages community at every turn.
To view this project and other awardwinning multi-family projects, go to havan.ca/awards
NORTH SHORE
1. PARK WEST 1633 Capilano Road parkwestliving.ca
2. EXECUTIVE ON THE PARK 660 Clyde Avenue 604-926-2398 executiveonthepark.com
3. HAWKSLEY 3963 Uplands Way liveathawksley.com
4. BADEN PARK 904 Lytton Street badenparkbyanthem.com
135 East 13th Street 604-929-3211 millenniumlonsdale.com
8. PIERWELL 2452 Marine Drive pierwell.ca
9. ONE20 120 East 14 Street 236-551-1311
SQUAMISH
10. BRITANNIA BEACH BC 99 & Copper Dr 604-980-0016 britanniabeachliving.com
11. SEA AND SKY 604-559-7918 hellosquamish.com
12. REDBRIDGE 1606 Scott Crescent redbridgesquamish.com
13. FINCH DRIVE 1050 Finch Drive 778-990-1129
FINCH DRIVE
ACHIEVES CHBA NET
ZERO
CERTIFICATION FOR THE MADDEN DUPLEXES
Diamond Head Development (DHD) is excited to announce The Madden Duplexes at Finch Drive have earned the prestigious net zero certification from the Canadian Home Builders’ Association (CHBA). This achievement reflects DHD’s unwavering commitment to sustainable construction and creating homes that enhance the lives of homeowners, while fostering a greener future.
BUILDING A GREENER FUTURE WITH NET ZERO HOMES
Net zero homes represent the forefront of sustainable living. Designed to generate as much energy as they consume, these residences utilize renewable resources and energy-efficient systems, including solar panels. With escalating concerns about climate change and rising energy costs, transitioning to net zero living has become essential.
At Finch Drive, minimizing the environmental impact is a priority. Net zero homes ensure future generations will have access to clean energy, while preserving our natural resources. Finch drive homes feature superior insulation, airtight construction, and advanced technology — comfortable living spaces that are eco-friendly and costeffective. Homeowners benefit from significant savings on energy bills, while being shielded from fluctuations in energy prices.
INVEST IN A HOME THAT OFFERS LASTING VALUE
Investing in a net zero home is a wise financial decision and an environmentally conscious one. As more people recognize the advantages of energy-efficient living, the demand for these homes will rise,
which can lead to increased property values. This makes your investment in Finch Drive’s net zero duplexes a smart choice. Today’s buyers are looking for homes with sustainable features, and having a certified net zero property will make your home stand out in the competitive real estate market.
LIMITED TIME OFFER: FREE SOLAR PANEL UPGRADE
Finch Drive is thrilled to introduce an exclusive promotion. For a limited time, when you purchase a duplex or townhome, you will receive a complimentary solar panel upgrade valued at $29,500. This significant financial benefit allows you to embrace a lifestyle powered by clean, renewable energy.
COMMITTED TO SUSTAINABILITY FOR A BETTER TOMORROW
At Diamond Head Development, sustainability is central to their mission and the inspiration behind Finch Drive. Environmentally responsible building practices are vital for creating a better future for our families and generations to come. By
offering this upgrade at no additional cost, they aim to make the transition to sustainable living an easy choice and inspire homeowners to actively reduce their carbon footprint.
BUILDING A NET ZERO FUTURE STARTS TODAY
Now is the time to invest in a home designed and built for the future. At Finch Drive, the residences embody DHD’s commitment to sustainability, while providing financial and environmental benefits. Whether your goals include lowering energy costs, enhancing your home’s value, or contributing to a more sustainable world, a net zero home at Finch Drive is the ideal choice.
Take advantage of the limitedtime solar panel promotion and join us in building a better future. For more information about the available homes at Finch Drive, email info@finchdrive.com or call 236.513.4953. Promotion subject to change without notice. Some exclusions apply, contact Finch Drive sales team for more details.
BURNABY – NEW WESTMINSTER
BURNABY
1. OASIS AT CONCORD BRENTWOOD 4863 Dawson Street concordoasis.com
2. JUNEAU 604-299-9191 juneaubyamacon.com
3. CEDAR CREEK 7166 14th Street 604-529-8868 liveatcedarcreek.com
4. ALASKA 4455 Alaska St 604-299-9191 alaskabyamacon.com
Vancouver real estate is presenting notable opportunities for homebuyers and investors this fall. With an accumulation of inventory, a shift in market dynamics favouring buyers and a rise in developer incentives, this is a strategic moment to make a move.
Whether you’re looking for your primary residence or a long-term investment, the following factors highlight why now is the perfect time to capitalize on favourable market conditions.
ACCUMULATION OF SUMMER INVENTORY
The summer months were relatively quiet for local real estate, leading to a significant build-up in pre-sale and re-sale inventory. With buyers patiently waiting for the right moment, the
market now boasts a wide selection of homes across Metro Vancouver. Despite a couple of interest rate cuts from the Bank of Canada, buyer confidence remained subdued, resulting in sluggish market activity. The abundance of options now gives buyers an upper hand in negotiations, making it a prime time to enter the market.
MARKET MOMENTUM SHIFTS
Recent statistics reveal a significant shift towards a buyer’s advantage in
Vancouver. There were nine projects that launched in September in the Greater Vancouver and Fraser Valley pre-sale markets. Same-month absorption for these projects reached 25 per cent, with 1,000 units released.
Pre-sale projects are also facing sluggish sales, creating growing competition among developers to attract buyers. In some areas, such as Metrotown and Surrey City Centre, developers and buyers are experiencing pressure due to rising inventory and stagnant prices. For
prospective buyers, this means greater leverage in negotiating prices and terms, enhancing the appeal of entering the market now.
UPCOMING SURGE IN FALL INVENTORY
As the fall unfolds, buyers can expect an even greater influx of properties. Yet-to-be-launched pre-sale projects are preparing for fall releases, with developers already advertising and pricing their offerings.
This surge in inventory will further strengthen buyers’ bargaining power, providing them with more choices and flexibility. The competitive landscape means developers will need to offer more attractive deals, positioning buyers in an advantageous spot to negotiate.
INTEREST RATE CUTS BOOST BUYING POWER
Another key factor enhancing current market conditions is the Bank of Canada’s three 0.25 per cent rate cuts between June and September of this year. This has already boosted buyers’ purchasing power by around 10 per cent. With the most recent rate cut of 50 basis points on Oct. 23, purchasing power is even stronger.
Increased affordability due to lower interest rates has already started to give well-prepared buyers an edge. With borrowing costs reduced, many find it easier to qualify for a mortgage, leading to improved financial conditions for those ready to purchase.
MARKET CONDITIONS
Beyond the rise in inventory and favourable financing conditions, sellers are also becoming more flexible. As prices stabilize, homeowners and developers are more open to negotiations.
For buyers, this presents an ideal situation, especially if they have a longer investment horizon of five to seven years. The Vancouver market is moving away from the FOMO sentiment seen in previous
years, giving prospective buyers more time and confidence to secure favourable deals.
DEVELOPER INCENTIVES SWEETEN THE DEAL
The competitive nature of the current market has prompted developers to introduce a range of creative incentives to attract buyers. These include reduced prices, flexible deposit structures, and even perks such as no strata fees for a certain period, guaranteed mortgage rates and rental income assurances for investors.
For example, in the pre-sale market, developers are offering reduced deposits, extended payment timelines, and even borrowing options to ease the entry barriers for buyers. These incentives, combined with the abundance of inventory and increased buyer power, make this an incredibly attractive time to buy a home.
A STRATEGIC OPPORTUNITY
Vancouver’s current real estate market conditions offer a strategic advantage for homebuyers and investors. With inventory levels climbing, market momentum shifting toward buyers, and interest rate cuts increasing affordability, this may be an ideal time to make a move. The added incentives from developers further sweeten the deal, making it an opportune moment to secure a property before market dynamics shift once again.
Garde MacDonald is the director of Advisory at MLA Canada. Keep up with the latest real estate intelligence, subscribe to the MLA newswire – a round-up of the latest real estate news and market insights. realestateinsider. mlacanada.com
SOUTH SURREY – WHITE ROCK
1. ALTUS WHITE ROCK 1526 Finlay Street 778-294-7794 altuswhiterock.com
2. THE BOROUGHS 2070 Oak Meadows Drive 604-531-6767 theboroughs.ca
3. DOUGLAS GREEN 358 - 175A Street 778-862-8002
4. SOUTHAVEN 3300 King George Blvd. 778-551-1856 southvaven.ca
5. THE LANDMARK AT FOSTER MARTIN 1475 Foster St 604-531-7111 fostermartin.ca
Nestled in the highly sought-after Grandview neighbourhood of South Surrey, just across from the newly constructed Ta’talu Elementary School, this inspiring collection of sophisticated homes are thoughtfully designed to be highly livable and functional so your everyday runs smoothly. From modern, open-concept designs to gourmet kitchens, charming coastal modern exteriors, double side-by-side garages, and much more, Fox & Aikins invites you to savour every moment in style.
WHITE ROCK POSTCARD VIEWS AND LIVING THE BEACH LIFE
This seaside city near the BC/Washington border has blossomed since its early days as a weekend getaway and retirement mecca! Postcard views frame the historic pier and iconic white boulder. Surrounded by Surrey on three sides, White Rock’s boundaries are Bergstrom Rd. (136 St.) west, North Bluff Rd. (16 St.) north, Stayte Rd. (160 St.) east, and Marine Dr. south.
LIFESTYLE
Sunsets and seaside views. Two scoops of gelato. Fish and chip dinners serenaded by a symphony of seagulls. Simply put, White Rock is living the beach life with a dash of prestige. Many locals grew up vacationing here, and stayed to raise their own families. A closeknit, small town
vibe. People shop local, stop to chat on the oceanfront promenade and love annual events like the Sea Festival.
THE VIBE
Truth be told, White Rock was once nicknamed “the town of newlyweds and nearly dead.” While its mild sunny climate continues to attract active retirees, its upmarket real estate has attracted affluent young people. Seniors on scooters claim the sidewalks, while SUVs take to the roads transporting kids to their math tutors and hockey practices.
DOLLARS AND SENSE
Expect to pay more for everything from coffee to dry cleaning. That said, White Rock is a treasure trove of thrift
shops, including World Serve on Johnston and Peace Arch Hospital Auxiliary on Prospect — often selling contents of local estates.
THE GOOD, THE BAD & THE REST
“More sunshine and less rain” mean more days for kayaking, pier jumping or scaling the legendary white rock
(glacier deposit) that sits on the 5km stretch of sandy beach. Locals appreciate the small-town feel, spectacular sunsets and accessibility to neighbouring Ocean Park. What’s not to love? Beach traffic along Marine Dr. on a sunny Sunday afternoon and high property taxes.
HOT SPOTS
WHITE ROCK BEACH, PIER AND PROMENADE
Fly kites, build sandcastles or wave at the passing trains. The promenade spans from the paddle board rentals at East Beach to the souvenir shops and restaurants at West Beach.
BEAN AROUND THE WORLD
Enjoy the panoramic views from the corner of Johnston and Thrift. This newbie serves a yummy iced caffe Americano. Love the building architecture too — best low-rise building of 2014.
SEMIAHMOO SHOPPING CENTRE
At the hub of 152 St. and 16 Ave., this mall is technically in Surrey, but meets the residents’ essential needs — groceries, banks, restaurants, dentists and variety of shops.
1. WEST 505 Nelson Street westbybeedie.com
2. SYDNEY
545 Sydney Ave. 778-948-0333 sydneybyledmac.com
3. VUE Foster Ave & Whiting Way vueliving.ca
4. SOPHORA AT THE PARK #101 - 1135 Pipeline Road 604-942-8416 polyhomes.com
4. EDGEWATER AT POIRPOISE BAY 5915 Beachgate Lane onnie.com
LANGFORD
5. THE SCENE 2746 Peatt Road 236-259-4202 livethescene.ca
6. ELIZA AT ROYAL BAY 365 Latoria Boulevard elizacondos.com
NEW HOME & CONDO DEVELOPMENTS
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.
ABBOTSFORD
Downtown Gate TH 604-357-1943 Coming Soon
Falcon Ridge SF 604-309-0540 From $789,000
High Street Village LR/TH highstreetvillage.ca Now Selling
JEM LR jemliving.ca Coming Soon
Laurel on Mill Lake LR laurelmilllake.com Coming Soon
McKenzie Mews TH mckenzie-mews.com Coming Soon
Montvue LR montvueliving.ca Coming Soon
Onyx at Mahogany LR 778-255-7099 Now Selling
SCOUT MR 778-548-0770 Coming Soon
The Peak at Mountainview TH mymountainview.ca Call
The Rail District TH raildistrict.ca Register Now
BURNABY
O2 Metrotown HR o2metrotown.com Now Selling
Arbour MR/TH 604-559-5795 Now Selling
Azure at Southgate HR azureatsouthgate.com Now Selling
Icon at Southgate City HR iconatsouthgate.com Now Selling
Kings Crossing by Cressey PH 604-720-5357 Now Selling
Maywood on Park HR 604-435-8866 Now Selling
Metro 21 HR metro21.ca Coming Soon
Moonlight Sonata TH moonlight-sonata.ca Register Now
Nido LR lifeatnido.com Register Now
Nuvo HR nuvobyanthem Coming Soon
Oasis at Concord Brentwood HR 604-435-1383 Call
Oslo HR osloliving.ca Call
Perla HR 604-434-2205 Now Selling
Polaris at Metrotown HR polarismetrotown.com Now Selling
Tailor HR 604-299-1001 Call
The Amazing Brentwood HR 604-298-7314 Call
The Standard HR thestandardbyanthem.com Coming Soon
Reign at Metrotown HR reginbywesgroup Coming Soon
Riviera HR rivierabyledmac.com Now Selling
Slate HR/TH slatebybeedie.com Now Selling
SOLO 4 HR 604-298-8800 Coming Soon
Sun Towers 2 HR suntowersmetrotown.com Call
CHILLIWACK
Acadia at Garrison TH 604-991-5151 Call
Base 10 TH 604-991-9951 Call
Cedarbrook TH/SF 604-490-3451 Coming Soon
Elk Creek Estates SF 604-316-4140 Now Selling
Iron Horse SF/RH Ironhorseliving.com Call
Lakeside at Cultus Lake LR 604-250-3662 Now Selling
Malloway Village SF 604-961-5160 Now Selling
Skynest LR 604-362-1505 Call
COQUITLAM
Alina HR ownalina.com Now Selling
Allison LR mosaichomes.com Coming Soon
Amber Gate TH 778-871-9532 Coming Soon
Band HR band.townline.com Coming Soon
Bastille LR bastille.porte.ca Now Selling
Baycrest West TH 604-474-2106 Call
Burke Village SF/TH/LR burkevillage.ca Coming Soon
Debut | Fraser Mills HR debut.frasermills.com Register Now
Dwell TH dwellbyanthem.com Register Now
Elmwood HR elmwood.marcon.ca Now Selling
Florin LR liveatflorin.com Coming Soon
Forester Two TH forester.townline.ca Coming Soon
Fraser Mills HR/TH frasermills.com Coming Soon
Gardena HR 604-636-8668 Now Selling
The Heights on Austin HR theheightsonaustin.com Call
The Robinsons Parkside CollectionTH 604-683-5441 Call
Komo HR ownkomo.com Now Selling
Laval LR liveatlaval.com Coming Soon
Level LR livelevel.ca. Coming Soon
Linc MR livingatlinc.com Coming Soon
Lodana MR/TH liveatlodana.com Coming Soon
The Oaks LR theoakscoquitlam.com Call
Portico LR lifeatportico.ca Register Now
Precidia HR precidiabyledmac.com Now Selling
Queenston TH queenstonliving.ca Coming Soon
Riley Park TH mosaichomes.com Coming Soon
Sheffield SF mstarhomes.com Coming Soon
Skagen TH 604-931-2283 Now Selling
Skylark LR 604-451-8518 Coming Soon
SOL HR 604-937-9688 Register Now
Sophora at the Park HR 604-942-8416 Register Now
Sydney HR 778-948-0333 Now Selling
Sydney Townhomes TH 604-961-3559 Now Selling
Terrayne at Burke Mountain TH terryane.townline.com Coming Soon
Vue HR vueliving.ca Coming Soon
West HR westbybeedie.com Call
DELTA & TSAWWASSEN
Boardwalk TH/DU/SF 604-306-2226 Call
Bridge + Elliott LR bridgeandelliott.com Coming Soon
The Madison LR madisonresidencs.ca Coming Soon
Peregrine LR 604-943-6677 Call
Southlands SF/TH/LR discoversouthlands.ca Now Selling
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 Now Selling
LANGLEY
Ashton TH astonliving.ca Coming Soon
Azure Grove HR azuregrovelangley.ca Coming Soon
Aviva TH avivaliving.ca Coming Soon
Canvas LR canvaslangley.ca Call
Centennial Court HR 250-590-1885 Coming Soon
Crofton TH 604-710-9060 Call
Gordon Square TH gordonsquare.ca Register Now
Hayer Town Centre LR 604-800-9662 Call For Preview
Headwater TH 604-240-9148 Coming Soon
The Hive LR live@thehivewtc.com Now Selling
Jericho LR jerichobyessence.com Now Selling
Latimer Heights SF/DU/RH/TH 604-371-0698 Call
Madewell TH madebygatehouse.com Call
Mayfair TH 604-560-0272 Now Selling
Scale LR scaleliving.ca Coming Soon
The Towers at Latimer Heights TH 604-371-1669 Call
Union TH info@garchahomes.com Now Selling
Unison LR unisonlangley.ca Coming Soon
Westbrooke RH 604-385-3540 Call
FORT LANGLEY
LEAH TH leahtownhomes.com Coming Soon
MAPLE RIDGE
Bridle Ridge SF mstarhomes.com Call
Crest Kanaka Springs SF kanakasprings.com Call ERA LR 604-239-1898 Call
Everwood TH liveateverwood.com Register Now
Inspire LR 604-576-7722 Call
The Falls Kanaka Springs TH kanakasprings.com/the-falls Register Now Kennedy TH kennedytownhomes.ca Now Selling
La Riviere LR 604-359-0135 Coming Soon
The North at Port Haney LR thenorthliving.com Coming Soon
Podium LR 604-657-7653 Coming Soon
Provenance TH 604-467-2285 Register Now
Rydge TH rydge.ca Now Selling
Sequoia Living TH 604-723-5386 Call
Sierra Ridge LR sierraridge.ca Call
Windfall TH windfallbygatehouse.com Coming Soon
MISSION/HARRISON
Cedar Valley Rowhomes RH cedarvalleyrowhomes.ca Coming Soon
Harrison Highlands SF 1-888-758-0850 Call
Harrison Ridge TH 1-844-432-7444 From $690K Horizons TH 1-888-826-1177 From $319,800
Nelson & Grove SF mstarhomes.com Coming Soon
Westminster Plateau LR/TH homes@westminsterplateau.ca Now Selling
NEW WESTMINSTER
Lighthouse LR 604-364-7424
Call
Moody on the Hill LR moodyonthehill.com Selling Now
Pier West HR 604-553-4211 Call
River Queensborough TH 604-438-5050 Call
Timber House LR timberhousebyaragon.ca Register Now
NORTH VANCOUVER
1313 Ambleside Residence TH 1331ambleside.com Now Selling
1515 Rupert LR 236-869-2515 Call
Aire at North Harbour MR northharbourbyconcert.com Now Selling
Apex at Seylynn Village HR/TH/PH apexatseylynn.ca Now Selling
AVA LR 604-736-0050 Call
Baden Park LR/TH badenparkbyanthem.com Register Now
Emerald TH liveatemerald.ca Coming Soon
Evolv35 TH 604.785.7653 Call
Executive on the Park LR/TH executiveonthepark.com Coming Soon
Forest Ridge LR 778-298-2280 Coming Soon
Founder’s Block South TH 604-689-3040 Coming Soon Green on Queensbury LR/TH qualex.ca/green Register Now Innova LR liveinnova.ca Now Selling Lennox LR 604-988-3617 Now Selling
Lupine Walk Seymour Village LR seymourvillage.com Call
Millennium Central Lonsdale LR millenniumlonsdale.com Coming Soon
Neu on 3rd TH neuon3rd.ca Coming Soon
One20 HR 236-551-1311 Register Now
Park West HR 604-770-1336 Now Selling
The Trails TH liveat.thetrailslowerlonsdale.com Coming Soon
The Windsor HR 604-256-9178 Call
West Oak TH westoakliving.com Now Selling
PITT MEADOWS
Nature’s Walk TH 604-262-1850 Now Selling
PORT COQUITLAM
Hawthorne LR hawthornbyotivo.ca Coming Soon
Porthaven LR porthavenpoco Register Now
PORT MOODY
Anchor LR 604-343-7719 Call
Bayrock Terrace HR bayrockterrace.ca Now Selling
The Grande HR 604-552-0552 Now Selling
Hue HR 604-461-3445 Now Selling
RICHMOND
Atmosphere HR Atmosphereliving.ca Call
Aviary TH aviaryliving.ca Now Selling
Burgundy TH 604-242-1193 Coming Soon
Cascade City HR 604-285-7285 Now Selling
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
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
