Vancouver New Home + Condo Guide – December 10, 2022

COVER STORY

The year in review

ALISA ARAGON-LLOYD

Published by nexthome.ca

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LOOKING BACK TO PLAN AHEAD

We thought 2021 was a tough year — and it was — and so we entered 2022 with gleeful hearts hoping life would get back to normal. And in many ways it did; back to socializing, seeing family and friends, and visiting new home projects and presentation centres in person. But the flip side of that coin was as we progressed into the year, multiple interest rate hikes from the Bank of Canada to curb inflation seemed to change the housing landscape.

Thankfully, however, we can adapt to the ebb and flow, and sometimes high tide, of the home-buying experience. Part of this resiliency is dependent upon looking back on the year and getting a clear, holistic picture to help us prepare for what’s ahead. If you are new to the home-hunting game and want to sew the fragments together, you’ll want to take a few moments to turn to page 12 to read The year in review: A bright end to 2022 by Susan M. Boyce. She speaks with a number of industry experts on how 2022 unfolded and is ending on an optimistic note.

MARLENE EISNER

EDITOR New Home + Condo Guide

EMAIL: marlene.eisner@nexthome.ca TWITTER: @MarleneEisner

Elsewhere in this issue, on page 18, our mortgage specialist, Alisa Aragon-Lloyd, prepares you for your New Year search for a home with a list of the nine most popular questions asked by homebuyers – and the answers – and on page 22, industry expert Brittany Reimer writes about the advantages of purchasing in a master-planned community.

Since this is our last issue of 2022, we want to take this moment to wish you and your loved ones peace, health and happiness during the holiday season and beyond. Please pick up a copy of our January 7, 2023 issue where we take a look at what the experts are predicting for the New Year.

PREVIEWS & REGISTRATIONS

Info: Progressive, beautiful and designed to suit your lifestyle, Format is an entirely new take on living space. Format’s final townhome release of spacious two- and three-bedroom townhomes and garden homes are designed with growing families in mind. Open, design-forward interiors and ample outdoor space give you the room you need today—and for years to come. Register today.

TAILOR

Home type: Condominiums and townhomes

Developer: Marcon

On the map: Burnaby Web: marcon.ca/tailor

ARTESIA

Home type: Condominiums and townhomes

Developer: Qualex-Landmark

On the map: Burnaby Web: artesia.qualex.ca

Info: At Artesia, everything flows together — health, wellness and family. Located on a quiet, tree-lined street, one-, two- and threebedroom residences have light-filled interiors, breathtaking views and refined amenities, just a short walk from the energy of Metrotown and the convenience of Skytrain. Register today.

CLIVE AT COLLINGWOOD

Home type: Condominiums and townhomes

Developer: Nexst Properties

On the map: Vancouver Web: cliveliving.com

Info: Clive at Collingwood is a six-storey residence comprised of 68 design-forward homes located in the Joyce-Collingwood community. Designed by DYS architecture, Clive at Collingwood’s façade is constructed with colours and textures to make a timeless

yet modern statement. Concrete construction and carefully selected, low-maintenance materials lead to a building that is made to last. Register today.

FORMAT

Home type: Condominiums and townhomes

Developer: Cressey

On the map: Vancouver Web: cressey.com/formatbycressey/#intro

Info: Designed by Shift Architecture, Tailor is a sleek, 27-storey tower with a sculpted base, and is a five-minute walk to Brentwood Town Centre and Brentwood Skytrain station with convenient access to Lougheed Highway. Interiors at Tailor are planned to maximize space and are finished to stand the test of time. The building’s lobby features 40-ft. ceilings to accommodate “Wind Veil”, an environmental sculpture created by artist Catherine Widgery. Register today.

#InsideVan

by MICHELLE HOPKINS

PROPERTIES’ RIVER DISTRICT has been working on several sustainability initiatives. “River District is focused on sustainability, with one of the largest urban apiaries in Vancouver, and an initiative in the works where they will be using burning waste for energy,” says Malcolm Shield, Wesgroup’s V.P. of sustainability. Beginning in 2023, the East Vancouver master-planned community will have its heating needs met by tapping into new heat-recovery capabilities at the Waste-To-Energy facility, which burns the region’s garbage to produce electricity. The action is equivalent to reducing emissions by up to 90 per cent or taking all of the vehicles in River District off the road.

WESGROUP

URBAN APIARY

Vancouver

Limited time savings

Amacon’s Block Residences presents two collections in Vancouver’s downtown entertainment district – The Stadium and The City. Formally the Northern Electric Building, Block is a 30-storey brick building comprised of 187, one-, two- and three-bedroomplus-den residences, including two-level penthouse homes with rooftop patios. The Stadium Collection residences will face BC Place, while the City Collection will have views of downtown Vancouver. For a limited time, buyers can save $50,000 on select two-bedroom homes and $70,000 on select three-bedroom homes in each collection. In addition, Block includes hotel-inspired services, with a dedicated concierge, space for wellness and a luxurious social lounge.

Staging workshop

Gryphon Development recently hosted an Interior Staging Workshop in collaboration with CLVR Studio and the National Bank of Canada. Held at its downtown Vancouver Experience Gallery, more than 30 people, including the general public and realtors, came out to learn new ways to stage an open house listing or how to spice up their own interior decor at

home. In addition, Dishen Zhao, the commercial banking director of the National Bank of Canada, provided the latest commercial real estate advice. If you missed the workshop but would like some inspiration, you can watch the You Tube video (youtube.com/ watch?v=lfb3jaA7qgc), and if you prefer an in-person event, Gryphon will hold another workshop in 2023.

Santa is coming to town

Mark your calendars for Saturday Dec. 10 and 17 from 1 to 3 p.m. and head to Marcon’s Outpost to take photos with Santa. Located in Port Moody, the Outpost is a limited-time concept that is part community centre, part craft brewery, part coffee shop, part retail boutique, and part home gallery, nestled within Marcon’s newest project, Hue. Marcon is hosting a number of charitable holiday events throughout the season benefiting the SHARE Family and Community Services, a non-profit organization that offers resources and programs to newcomers in the Tri-Cities, New Westminster and adjacent communities. These events are open to adults, children and pets. Hue features two mixed-use, six-storey buildings offering 222 condos, 23 rental apartments and commercial space.

DID YOU KNOW?

Keltic Canada Development has recently installed in the community space at Park West at Lions Gate Village, a series of three artworks entitled Alluvii by sculpture artist Blessing Hancock.

PHOTO BY BECCA ELLISON

The year in review

A bright end To 2022

by SuSAn M Boyce

The last 12 months have been a wild ride in the housing industry.

Fueled by pent-up demand that sparked a buying spree beginning at the end of 2021, 2022 came out of the gate with unanticipated strength.

In March, however, the first Bank of Canada (BoC) interest rate hike pushed the market into a downward spiral that escalated with each subsequent increase.

But Metro Vancouver showed its astonishing resilience by rebounding

in the final months of the year for a strong finish. Many analysts are now predicting 2022 will close with an impressive 30 per cent increase in overall sales and a more stable, sustainable sales environment.

Economic challEngEs

One area financial folks are watching closely is the peculiar tug-of-war between slowing the economy and stimulating it. “Government policies are definitely confusing,” says Jon

Bennest, vice-president of product development with Zonda, a company that provides data and publications relating to commercial property and home construction in North America.

“On the one hand, the BoC is raising interest rates to slow the economy and inflation. But another part of the government wants to stimulate it by increasing immigration.”

Then there’s the labour situation. “Traditionally, a downturn in the

economy is met with higher unemployment and lower [housing] prices,” Bennest says. “But right now, we’re not seeing either of those.”

In fact, unemployment is at record lows, and homeowners are no longer willing to slash prices just to sell their home.

ThE nEw working rEaliTy

Continued pressure on developers to provide homes that can accommodate the work-from-home pandemic reality brought new levels of creativity into the multi-family market. Although co-working spaces

have been on the scene for several years, 2022 saw an increase in single-person home-office options that include built-in desks cleverly integrated into typically underutilized areas such as under the stairs, in closets and concealed in kitchen cabinetry, as well as community amenity areas with innovative enclosed work pods where the occupant can be totally isolated but still enjoy garden views.

By the end of the year, however, more people began a part-time return to the office. And that means the areas in which people

are choosing to live is once again changing. “Buyers who moved three neighbourhoods east during the pandemic in order to have more space and better affordability might come back to a neighbourhood to be closer to work,” says Scott Brown, president and CEO of Fifth Avenue Real Estate Marketing. “But if they’re returning to downtown, they’re likely going to come back as renters because they can’t afford to buy a home there any longer.”

a brighT End To 2022

Echoing the sentiments of many consumers, developers, and marketers, Yosh Kasahara, executive vice-president at Alabaster Homes, notes that despite global supply chain issues, in many ways 2022 felt like a fresh start and the beginning of a return to normal. “Yes, there were challenges, but the world didn’t fall apart, and Vancouver is still one of the world’s most desirable places to live.”

“The one word I’d use for the 2022 housing market is resilient,” says Brandon Trent, development manager at Hayer Builders Group. “A lot of projects did really well— especially in urban hubs like Willoughby in the Township of Langley, Brentwood and Metrotown in Burnaby, and Surrey Central. The urgency consumers were feeling that they had to buy the first property they saw or be left behind is diminishing. So now we’re able to go back to fundamentals— builder reputation, quality of the construction, value-added features and amenities—which is a good thing.”

Trent adds that he doesn’t foresee an upcoming recession, although he acknowledges upward pressure on interest rates and the welldocumented inventory shortage will continue to squeeze cash-strapped first-time buyers. “There is never a perfect time to buy,” he says. “But I believe now is still a good time to buy. And I’m definitely looking forward to 2023.”

PARK GEORGE 9908 King George Blvd 604-583-9866 parkgeorge.com

ALDERGROVE TOWN CENTRE 3100 272 Street atcliving.com

HAYER TOWN CENTRE 76 Avenue & 200 Street 604-800-9662 hayerbuildersgroup.com

THE HIVE AT WILLOUGHBY 206222 80 Avenue 778-686-8572 thehivewtc.com

WESTBROOKE AT WILLOUGHBY 604-385-3540 foxridgehomesbc.com

HEATH 80 Ave & 206 St heathliving.com

Poised to become the future Coal Harbour of Surrey, West Village is a dynamic, vibrant neighbourhood near the new downtown of B.C.’s fastest-growing municipality. Here, you’re strolling distance to a diverse array of amenities including worldclass shopping, restaurants featuring globally inspired cuisines, parks, schools at all levels, plus transit and SkyTrain connections to take you anywhere you want to go.

So, it’s no wonder savvy homebuyers are delighted by a new opportunity to be part of this urban hub. Introducing Sequoia, an iconic, 36-storey tower that’s about to redefine this neighbourhood’s skyline forever.

URBAN OASIS

Sequoia’s distinctive architecture pays homage to the site’s majestic, 45-ft.

sequoia tree. “The façade’s graceful curve mirrors the tree’s shape,” says Jacqueline Huynh, ML Emporio’s senior development manager. “When we purchased the property, we were adamant about preserving the tree. We worked closely with city staff to create an extension to the existing West Village Park, and now the sequoia will be enjoyed by many more, future generations.”

CULTIVATED LIVING EXPERIENCE

Ready to talk amenities? Get set to be wowed. Sequoia Club will provide more than 20,000-sq.-ft. of meticulously curated indoor and outdoor amenity spaces, spread over multiple floors.

Level 9 is where you’ll find a formal dining-room and entertainment kitchen with eclipse doors to a landscaped terrace featuring

barbecue area, al fresco dining, a kids’ playground, and an urban garden. There’s also a well-appointed gym, TRX space, yoga and spin rooms, games room with pool and foosball, plus an innovative dedicated kickboxing room, perfect for when you want to spice up your workout.

Fancy a casual evening with friends? Check out the Level 5 outdoor patio or the rooftop deck with firepits and plenty of lounge seating on the 36th floor. “By only having two penthouse homes, we were able to create a space where everyone can enjoy the dazzling views to the mountains and ocean,” Jacqueline says.

And just in case you need more enticements, residents also have access to a bike repair station, golf simulator room and full-time concierge, three more reasons why Sequoia is the perfect place to call home.

Sequoia will be located on the northwest corner of 133 Street and 104 Avenue in Surrey. Homes range from one- to three-bedroom condominiums plus six exclusive two-bedroom townhomes. Presentation centre opens spring 2023, so be sure to register today for priority access. Visit sequoiawestvillage.ca for more information and updates.

THE MOST FREQUENTLY ASKED QUESTIONS WHEN

PURCHASING A HOUSE

ALISA ARAGON-LLOYD

1. WHAT’S THE BEST RATE I CAN GET?

Your credit score plays a big part in the interest rate for which you will qualify, as the riskier you appear as a borrower, the higher your rate will be. However,

the rate is definitely not the most important aspect of a mortgage, as many rock-bottom rates often come from no-frills mortgage products. In other words, even if you qualify for the lowest rate, you often have to give up other things such as pre-payments, portability privileges and at times, will have the highest penalties if you pay off your mortgage earlier. That’s why it is critical that you focus on the best mortgage with the best terms and rates. If not, it can end up costing you thousands more in the long run.

2. WHAT’S THE MAXIMUM MORTGAGE AMOUNT FOR WHICH I CAN QUALIFY?

To determine the amount for which you will qualify, there are two calculations you will need to complete. The first is your Gross Debt Service (GDS) ratio. GDS looks at your proposed new housing costs (mortgage payments, taxes, heating costs and strata/condo fees, if applicable). Generally speaking, this amount should be no more than 35 to 39 per cent of your gross monthly

income. For example, if your gross monthly income is $4,000, you should not be spending more than $1,560 in monthly housing expenses.

Secondly, you will need to calculate your Total Debt Service (TDS) ratio. The TDS ratio measures your total debt obligations (including housing costs, loans, car payments and credit card bills). Generally speaking, your TDS ratio should be no more than 42 to 44 per cent of your gross monthly income. The GDS and TDS will depend on your credit. Keep in mind that these numbers are prescribed maximums and that you should strive for lower ratios for a more affordable lifestyle. Before falling in love with a potential new home, you may want to get pre-qualified by a mortgage expert. This will help you stay within your price range and look at homes you can reasonably afford.

3. HOW MUCH MONEY DO I NEED FOR A DOWN PAYMENT?

The minimum down payment required is five per cent of the purchase price of the home. If the property is more than $500,000 and under $1 million, you will need to put five per cent up to $500,000 and 10 per cent on the balance. This is with properties that are priced less than $1 million. For properties over this price, you will need at least a 20 per cent down payment.

4. WHAT HAPPENS IF I DON’T HAVE THE FULL DOWN PAYMENT AMOUNT?

There are programs available that enable you to use other forms for a down payment, such as from your RRSP, or a gift from a parent, child or siblings. Also, you can borrow the down payment from a line of credit, loan or credit cards. However, in order to qualify, you still have to be within the TDS ratios mentioned above.

5. WHAT WILL A LENDER LOOK AT WHEN QUALIFYING ME FOR A MORTGAGE?

Most lenders look at five factors when determining whether you qualify for a mortgage: 1. Income 2. Debts 3. Employment history 4. Credit history

5. Value and marketability of the property you wish to purchase.

6. WHAT CREDIT SCORE DO I NEED TO QUALIFY?

Generally speaking, you are a good candidate for a mortgage if your credit score is 650 and above.

The higher your score, the better, as you will have more options and advantages.

7. WHAT HAPPENS IF MY CREDIT SCORE ISN’T GREAT?

There are several things you can do to boost your credit score fairly quickly.

1. Pay down credit cards so they are below 50 per cent of your limits.

2. Limit the use of credit cards. Paying off a large amount in monthly

installments that leaves a balance at the end of the month can affect your score.

3. Check credit limits. If your lender is slower at reporting monthly transactions, this can have a significant impact on how other lenders view your file.

4. Keep old cards. Older credit is better credit. Use these cards periodically and then pay them off.

5. Don’t let mistakes build up. Always dispute any mistake or situations that may harm your score.

8. HOW MUCH WILL I HAVE TO PAY FOR CLOSING COSTS?

As a general rule of thumb, it’s recommended that you put aside at least 1.5 per cent of the purchase price (in addition to the down payment) to strictly cover closing costs. You will need to have more than 1.5 per cent of the purchase price if you purchase a property over $500,000, as you will need to pay for the property transfer tax.

The following are some of the closing costs you may encounter:

• Legal costs

• Property tax adjustments

• Strata/condo fee adjustments

• Cost to register property in land title office, as an example.

9. HOW MUCH WILL MY MORTGAGE PAYMENTS BE?

Monthly mortgage payments vary based on several factors, including the size of your mortgage; whether you’re paying mortgage default insurance; your mortgage amortization; your interest rate; and your frequency of making mortgage payments.

Alisa Aragon-Lloyd obtained her mortgage license from the University of British Columbia and has been helping her clients since 2011. She has her own company, Bridgestone Financing Pros powered by DLC Homeline Mortgages and is on the board of directors for the Homebuilder Association of Vancouver (HAVAN).

+MORE ADVICE ONLINE nexthome.ca/news/advice

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

ALASKA 4455 Alaska St 604-299-9191 alaskabyamacon.com 5. BORDEAUX 4247 Lougheed Hwy bordeauxliving.ca

ECLIPSE BRENTWOOD 2463 Beta Avenue thind.ca/eclipse

7. MOONLIGHT SONATA 3550 Wayburne Drive 604-716-0005 moonlightsonata.ca

8. O2 METROTOWN 6620 Sussex Ave o2metrotown.ca

9. AZURE AT SOUTHGATE CITY 7662 18th Street 604-544-8800 azureatsouthgate.com

10. THE STANDARD Metrotown thestandardbyanthem.com

11. SLATE 5180 Lougheed Hwy slatebybeedie.com

12. CONCORD SKY-HOUSE 4750 Kingsway concordmetrotown.com

13. POLARIS METROTOWN 6699 Dunblane Ave 604-565-7733 polarismetrotown.com

14. NUVO 6075 Wilson Avenue nuvobyanthem.com

15. THE AMAZING BRENTWOOD 4567 Lougheed Hwy 604-298-7314 theamazingbrentwood.com

16. SOLO 4 2131 Willingdon Avenue 604-298-8800 soldistrict.com

17. CONCORD METROTOWN Nelson Ave & Kingsway concordmetrotown.com

NEW WESTMINSTER

18. MOODY ON THE HILL 228 6th Street moodyonthehill.com 778-895-5533

19. THE KEARY 230 Keary Street thekearybywesgroup.ca

Living, Learning,

neighbourhoods in which we live and work. Increasingly, developments called ‘master-planned communities’ are gaining popularity.

Modern living requires modern approaches to the communities in which we live. As society’s priorities and needs evolve, so too must the

In contrast to a newly built subdivision, an intentionally planned residential development often feels more like a self-contained small city, with commercial, recreational, educational and leisure facilities all

within close proximity to residential options. Taking up anywhere from 2,500 to 10,000 acres of land with 100 homes or upwards of 50,000 units, a master-planned community is designed to incorporate residential properties and commercial enterprises into a unified whole. For a homebuyer, a master-planned community has many advantages.

Brittany reimer

earning the appeal of a master-pL anned community

Amenities, convenience, locAtion

One advantage of living in a masterplanned community is the array of curated and convenient amenities.

Developers and city planners work together to plan the ease of movement for road and foot traffic as well as access to shared transit to allow residents further access to where they need and want to go.

Valued amenities can include parks, lakes, playgrounds, swimming pools, tennis courts, golf courses and more. A distinctive and intentional mix of restaurants and shops offer residents everything they need, steps away from their homes. A successful master-planned community will adapt to changing demographics, preferences and purchasing power,

with the experienced developers zeroing in on the low-cost/highvalue amenities residents want most. An example of this type of masterplanned community is Squamishbased Redbridge by Kingswood Properties. Now sold out, Kingswood focused on a holistic, healthy well-being approach to living. With more than 20,000 sq. ft. of resortstyle amenities, the community features indoor and outdoor facilities geared towards active lifestyles, the environment, and the health of residents.

A sound investment

When selecting a home to purchase, most homebuyers are not just looking at the neighbourhood, curb appeal, and construction quality. They also

want to know whether the value of the property will remain stable or increase in the future in case they decide to sell. Buying into a masterplanned community is considered a strong investment. The large-scale projects have often outperformed individual condominium developments built in urban cores, both in terms of sales volume and in appreciation rates. Shared amenities mean a reduced up-front investment for a homebuyer, as access to more amenities can lead to less need for extra space within the home. The ability to build multiple towers on large land plots for thousands of residents drives retail and commercial space demand, which in turn drives residential demand. With a masterplanned community, a developer can acquire a large plot of land and slowly build the community over time, which would lead to increased demand and value of the homes.

There is perhaps no greater appeal to a neighbourhood for a homeowner than feeling part of a community. The ability to work, play and live inside one area creates deeper bonds to other residents and to the community as a whole. A master-planned community can optimize a living situation to create a desirable residential experience with a symbiotic commercial draw. This makes the homes a smart investment for both buyers who wish to find a home and investors who wish to realize future appreciation.

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.

+more advice online nexthome.ca/news/advice

COQUITLAM 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

SOPHORA AT THE PARK #101 - 1135 Pipeline Road 604-942-8416 polyhomes.com 5. PRECIDIA 520 Cottonwood Ave 604-422-0080 precidiabyledmac.com 6. ALINA 604-259-8626 ownalina.com

SOL Como Lake Ave & Robinson 604-937-9688 solexperience.ca

DWELL Smith Ave & Clark Rd dwellbyanthem.com MAPLE RIDGE 9. PROVENANCE 11295 Pazarena Place 604-467-2285 polyhomes.com 10. CREST KANAKA SPRINGS 25024 112 Ave 604-405-1903 kanakasprings.com

Ready for a change? Looking for a spacious home that boasts a stellar location that is an outstanding convenience to a host of urban amenities, with features that are sure to make you the envy of your friends?

Well, say hello to Sydney, Ledingham McAllister’s newest 25-storey residence located adjacent to the prestigious Vancouver Golf Club in West Coquitlam.

And here’s the best part.

Construction is now complete, and the homes at Sydney are now move-in ready, meaning you could be settled into your new dream home in time to celebrate the holidays and start the New Year right.

A HOME TO CELEBRATE

Inspired by cosmopolitan boutique hotels from around the world, these residences are modern and spacious, ranging from a cosy one-bedroom and den to three-bedroom homes

that can comfortably accommodate your single-family-sized furnishings. Over-height ceilings, expansive windows, and an open-concept design create an airy ambience and maximize the dazzling views seen in every direction.

At Sydney, you’ll discover the convenience of being walking distance to transit—including the Millennium and Evergreen Lines—as well as the shops and services of Northgate Village and the City of Lougheed Shopping Centre. All this, yet there’s the tranquility of being tucked away on a quiet side street in an existing residential neighbourhood. It’s like having the best of all worlds.

AMENITIES TO DAZZLE

Amenities, too, are a step above. Sydney’s exclusive Members’ Club provides 14,000 sq. ft. of amenity space, plus a rooftop terrace. Here you’ll find a fully equipped fitness

centre and yoga studio, a fireside lounge with a chef’s kitchen, formal dining area and two guest suites. The fifth-level terrace boasts a grand lawn for picnics or bocce ball, covered outdoor cabanas for finding a shady reading spot in the summer, plus a kids’ playground. And for your four-footed family members, there’s the Paws and Play dog run on the second level—seems like Ledingham McAllister has thought of everything.

Sydney is located at 555 Sydney Avenue in Coquitlam and offers move-in ready homes starting at $689,900.

The sales centre is open at 408 – 552 Clarke Road (in the Burquitlam Plaza opposite Safeway). Be sure to register online at sydneybyledmac.com and book an appointment before the sales centre closes on December 22. You can also call 778.948.0333 for more information.

ECONOMIC OUTLOOK

by SUSAN M BOYCE

Approximately 500 people gathered in early November to hear Andrew Ramlo, vice-president of rennie marketing intelligence, present his annual economic overview to the Urban Development Institute (UDI).

And while he admitted 2022 has presented many challenges, Ramlo was predominantly upbeat, citing

the famous neon sign that’s been a fixture at the rennie offices for years: Everything is Going to be Alright.

INFLATION

“In June, inflation galloped to a 40year high, rising at a rate we haven’t seen since the 1980s,” Ramlo said, adding in 1991, the Bank of Canada

introduced the idea of an inflationcontrol target framework in an attempt to keep inflation between one and three per cent—a far cry from the 6.9 per cent increase seen in October 2022.

Here’s the theory behind the concept. When the cost of borrowing (interest rates) goes

”

up, people rein in their spending, prompting businesses to reduce their willingness to invest in the market. As an example, when consumers can no longer get zero-per cent financing they came to expect on a new car purchase, more are electing to hold off rather than pay the current rate of more than four per cent.

PENT-UP DEMAND

Now that lockdowns are finally fading into hopefully soon-tobe forgotten memories of the pandemic’s early days, there lingers a reality Ramlo refers to as the ‘Great Suppression’. Although many people were still working, they weren’t going out to restaurants or theatres or celebrating with family and friends. Sweat shirts, sweat pants and slippers replaced the formal suits that required constant dry cleaning and frequent replacement. Nationally, billions of those unspent dollars landed in household savings.

At the same time, this period saw the largest post-war transfer of funds from the federal government into the pocketbooks of unemployed taxpayers.

So, it wasn’t a huge surprise that as things opened, people just wanted to get out and spend money. And spend they did, rapidly driving up prices on almost everything even before it became apparent there were growing constraints on the

global supply chain. Manufacturing plants were shuttered, war broke out in the Ukraine, and China’s zero COVID policy all increased the pace of inflation.

WAGE COMPETITION

Ramlo noted that salary expectations, too, are and will continue to contribute to inflation. “If I go to my employer, who’s already been good to me and given a 6.9 per cent inflation increase, and ask for a bit more, the reality is that employer has to pass those costs on for the product or services they provide, creating a wage/inflation spiral. Banks are trying to avoid this.”

And there’s another oddity. Giving an example of the economy for October, Ramlo said the combination of high inflation, historic low unemployment, and a glut of job vacancies—more than a million in the second quarter of 2022—is not typical. He predicts that while supply chain issues will be resolved, the rising wages used to attract employees will remain, likely causing another BoC rate hike before the end of the year and another in early 2023.

And, he reiterated that B.C. in general, with Metro Vancouver in particular, has rebounded well from the massive job losses of 2020/2021, gaining back 129 per cent of the jobs lost, and now has 4.2 percent unemployment, while Metro

Vancouver regained 118 per cent and now has 3.9 percent unemployment.

A GROWING POPULATION

Ramlo’s analysis predicts 2022 will finish with approximately 191,000 new home completions, a “bit of a gap” from the 250,000 needed to meet demand. B.C., he said, receives approximately 42,000 immigrants per year—approximately 15 per cent of all new arrivals to Canada. Yet, provincially, it has only 13 per cent of Canada’s population.

As the federal government continues to increase immigration targets, those numbers will go up. However, he emphasized it’s not just the inflow of population into the province that’s contributing to a shortage of supply; it’s about household/family formation as well. Within each cycle, as kids grow up and move to their own homes, a family that originally required one home, now requires two or more with zero population increase. So even if housing is increasing at the same pace as the population growth, demand will still outpace supply.

Closing on a positive note, Ramlo said he is optimistic about the future. “We’re moving into a period of above-average population growth, especially in Metro Vancouver. My optimistic side suggests this could be a new era of community building for many regions within the province.”

“

We’re moving into a period of above-average population growth, especially in Metro Vancouver. This could be a new era of community building for many regions within the province.

Andrew Ramlo

CLARIDGE

498 West 41st Avenue 604-941-8305 polyhomes.com

GRYPHON HOUSE 6191 West Boulevard 604.620.8295 gryphonhousevancouver.com

WEST WIND 2620 Acadia Road 604-260-8446

W 49 Ave & Cambie St liveatthesis.com

NORTH SHORE 1. PARK WEST 1633 Capilano Road parkwestliving.ca

EXECUTIVE ON THE PARK 660 Clyde Avenue 604-926-2398 executiveonthepark.com

HAWKSLEY 3963 Uplands Way liveathawksley.com

BADEN PARK 904 Lytton Street badenparkbyanthem.com

1331 AMBLESIDE RESIDENCE 1331 Marine Drive 1331Ambleside.com

BRITANNIA BEACH BC 99 & Copper Dr 604-980-0016 britanniabeachliving.com

SEA AND SKY 604-559-7918 hellosquamish.com

REDBRIDGE 1606 Scott Crescent redbridgesquamish.com

Hwy

INSPIRATION

|

comfort cosy

Welcome your guests into a space designed for gathering, lounging and reminiscing

When it’s cold outside, you want a welcoming environment for you and your guests. Design is more than just about esthetics: It’s also about creating an atmosphere. To create a welcoming ambience when the weather outside isn’t so accommodating, focus on dedicating certain areas to enhance all the right feels.

Encourage gathering

Present the space as somewhere anyone would covet to relax or dine in. Keep clutter in a sort of organized chaos, make sure to have seats available, and use a few design tricks to lure the eye.

Lines: Give the eye a purposeful direction. Utilize the angle of flooring or walls, and where corners meet. This acts as a physical cue for your gaze to follow. Contrast: With a pop of colour or an interesting pattern, you can bring attention to a location with ease. Contrast is a great way to establish a focal point.

Symmetry: Creating a frame is another way to encompass a space and draw the right kind of attention to it. For example, a couch perfectly framed under a window or art piece, or with accents on either side can bring it to the front of one’s attention.

Encourage lounging

Relaxing is one of life’s luxuries — a place to put your feet up, to unwind after a hard day, or to cosy up with your favourite activity.

Blankets: There’s nothing cosier than a few blankets. To amp it up, layer them up! Heavy knits, wool, fleece, faux fur, there’s no such thing as too many. Store the overflow in a wicker or fabric basket. This makes them accessible to guests; they can just reach out and grab one.

Plant therapy: Plants aren’t just good for adding texture or colour to a room, they also improve the air quality and bring a sense of life into a space. Colder weather means closing doors and windows to maximize the heat and adding indoor plants brings about a more figurative sense of warmth and closeness with nature.

Ecourage reminiscing

Whether you’re yearning for those halcyon days of summer, or want to relive simple pleasures, decking your space out in memorabilia can help combat those winter woes. Live in the moment with guests but don’t neglect the things that make you sentimental. Dedicate a space to creating and celebrating memories. This extends beyond the holiday season. Find and keep the love by personalizing the space.

Repurpose old keepsakes: Consider the treasures you’ve accumulated in your lifetime. Tasteful clutter doesn’t have to be bare bones or even storebought. Old letters and encyclopedias can find new purpose. Along with personalizing your home, old treasures can bring more dimension with colour and texture. A few conversation pieces here and there can spark discussion and bring about more memories for the future.

Aromatherapy: Our sense of smell is an often-overlooked part of crafting an atmosphere. But it’s easy to set one

up. Choose a scent (holiday inspired or otherwise) that fits the mood you want to convey and let aromatics (such as essential oils) do the rest. A subtle scent adds another layer to the space: Your olfactory system is closely connected to memory.

There’s more to staying snug in the winter than cuddling up with a cup of tea and nesting in blankets (though that does help). Giving your spaces a purpose can help renew your desire to entertain. It’s good for the soul and a great excuse to have guests over.

Vancouver-based residential designer Jamie Banfield, of Jamie Banfield Design Inc., is a creative force in the industry and recognized for his design skills in both residential renovation and custom home design projects throughout Canada. jamiebanfield.ca

Lansdowne Road & Number 3 Road luxelansdowne.com 3. PARK RESIDENCES II AT MINORU PARK 6333 Mah Bing Street 604-563-8899 parkresidences.ca

RC RICHMOND 6331 No. 3 Road 604-788-6608 5. GALLERIA 8555 Capstan Way 604-233-7748 concordgalleria.com

1. ALTUS WHITE ROCK 1526 Finlay Street 778-294-7794 altuswhiterock.com 2. THE BOROUGHS 2070 Oak Meadows Drive 604-531-6767 theboroughs.ca

DOUGLAS GREEN 358 - 175A Street 778-862-8002

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.

PROJECT TYPE CONTACT

ABBOTSFORD

PRICE PROJECT TYPE CONTACT PRICE

Court MR 604-621-5888 Now Selling

Downtown Gate TH 604-357-1943 Coming Soon

Falcon Ridge SF 604-309-0540 From $789,000

High Street Village LR/TH highstreetvillage.ca Coming Soon

JEM LR jemliving.ca 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

The Peak at Mountainview TH mymountainview.ca Call

The Rail District TH raildistrict.ca Coming Soon

BURNABY

O2 Metrotown HR o2metrotown.ca Coming Soon

Azure at Southgate HR azureatsouthgate.com Now Selling

Bordeaux HR bordeauxliving.ca Call

Byrnepark LR/TH 604-228-8530 Coming Soon

Cedar Creek MR 604-529-8868 Call

Concord Brentwood HR 604-435-1383 Call

Concord Metrotown HR concordmetrotown.com Coming Soon

The City of Lougheed 2 HR 604-328-7128 Call

Contour Metrotwon HR contourmetrotown.com Coming Soon

Eclipse Brentwood HR thind.ca/eclipse Coming Soon

Lumina HR/TH luminabrentwood.com Coming Soon

Highline Metrotown HR thind.ca/highline Call

Kings Crossing by Cressey PH 604-720-5357 Now Selling

Maywood on Park HR 604-435-8866 Now Selling

Moonlight Sonata TH moonlightsonata.ca Register Now

Nuvo HR nuvobyanthem Coming Soon

Oasis at Concord Brentwood HR 604-435-1383 Call

Oslo HR osloliving.ca Call

Polaris at Metrotown HR polarismetrotown.com Selling Now

Tailor HR 604-299-1001 Call

Terraces at The Peak HR 604-559-5795 Call

The Amazing Brentwood HR 604-298-7314 Call

The Standard HR thestandardbyanthem.com Coming Soon

Riviera HR rivierabyledmac.com Coming Soon

Slate HR/TH slatebybeedie.com Coming Soon

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

Vista Green at the Falls TH vistagreenliving.com Call

COQUITLAM

Alina HR ownalina.com Coming Soon

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 Coming Soon

Baycrest West TH liveatbaycrest.com Call

Burke Village SF/TH/LR burkevillage.ca Coming Soon Dwell TH dwellbyanthem.com Register Now

Elmwood HR elmwood.marcon.ca Coming Soon

Florin LR liveatflorin.com Coming Soon

Forester Two TH forester.townline.ca Coming Soon

The Heights on Austin HR theheightsonaustin.com Call

The Robinsons Parkside CollectionTH 604-683-5441 Call

Laval LR liveatlaval.com Coming Soon

Linc MR livingatlinc.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

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 Now Selling

Sydney HR 778-948-0333 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

DELTA & TSAWWASSEN

Boardwalk TH/DU/SF 604-306-2226 Call

The Madison LR madisonresidencs.ca Coming Soon

Peregrine LR 604-943-6677 Call

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

LANGLEY

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

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

PROJECT TYPE CONTACT PRICE PROJECT TYPE CONTACT PRICE

The Hive LR 778-686-8572 Call

Latimer Heights SF/DU/RH/TH 604-371-0698 Call

Madewell TH madebygatehouse.com Call

Mayfair TH 604-560-0272 Now Selling

The Towers at Latimer Heights TH 604-371-1669 Call

Union TH 604-593-5251 Coming Soon

Unison LR unisonlangley.ca Coming Soon

Westbrooke RH 604-385-3540 Call

MAPLE RIDGE

Bridle Ridge SF mstarhomes.com Call

Crest Kanaka Springs SF kanakasprings.com Call

ERA LR 604-239-1898 Call

Inspire LR 604-576-7722 Call

Kennedy TH kennedytownhomes.ca Register Now

La Riviere LR 604-359-0135 Coming Soon

Podium LR 604-657-7653 Coming Soon

Provenance TH 604-467-2285 Call

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 westminsterplateau.ca Coming Soon

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

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

Ebb & Flow GH/CH/TH 604.818.1177 Now Selling

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 Selling Now

Lennox LR 604-988-3617 Coming Soon

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

The Trails TH liveat.thetrailslowerlonsdale.com Coming Soon

The Windsor HR 604-256-9178 Call

West Oak TH westoakliving.com Selling Now

PITT MEADOWS

Nature’s Walk TH 604-262-1850 Now Selling

PORT COQUITLAM

Estella LR 604-375-7626 Call

PORT MOODY

Anchor

LR 604-343-7719 Call

Bayrock Terrace HR bayrockterrace.ca Now Selling Chroma LR 604-813-2547 Call The Grande HR 604-552-0552 Now Selling Hue HR 604-461-3445 Coming Soon

RICHMOND

Atmosphere

HR Atmosphereliving.ca Call 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

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

SQUAMISH/WHISTLER

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

SURREY

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 The Park Landmark TH 604-786-0006 Coming Soon

Hepburn TH hepburntownhomes.com Register Now Insignia LR experienceinsignia.com Coming Soon Nova TH mortisegroup.com Call Nora TH 604-603-6313 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

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

PROJECT TYPE CONTACT

VANCOUVER & AREA

DOWNTOWN

PRICE PROJECT TYPE CONTACT PRICE

Park HR anthemproperties.com Coming Soon Park Grand TH 778-999-2552 Coming Soon

1335 Howe HR 604-689-8535 Call

Bailey LR liveatbailey.ca Register Now

Burrard Place two HR burrardplace.ca Call

Curv HR thecurv.ca Coming Soon

Eventide LR eventidethree.com Coming Soon

Landmark on Robson HR 604-566-2288 Call

Mirabel HR 604-681-8110 Call

The Pacific HR grosvenorpacific.com Call

The Thurlow HR downtownabovebeach.com Coming Soon

Thesis LR liveatthesis.com Register Now

Vancouver House HR 604-893-8958 Call

EAST SIDE

2250 Garden Drive LR 2250gardendrive.com. Coming Soon

Ace one the Drive LR togetheronthedrive.ca. Coming Soon

Assembly LR assemblystrathcona.com Coming Soon

Brock House TH/SF 778-388-8682 Call

Clive at Collingwood LR cliveliving.com Coming Soon

Focal LR 604-563-6777 Coming Soon

Frame HR liveatframe.com Coming Soon

Francis TH 604-330-8848 Call

Graphia LR grafia.porte.ca Coming Soon

Linx LR 604-394-2602 Coming Soon

Paragon LR 604-688-5566 Coming Soon

River District Ardea HR wesgroup.ca/ardea Coming Soon

The Saint George TH the saintgeorge.ca Now Selling Shift LR aragon.ca/shift By Appointment

Templeton TH templetonliving.ca Now Selling

Triumph TH 604-563-6200 Call

The Windsor HR thewindsorliving.com Now Selling V on E49 LR 778-751-8930. Coming Soon

WEST SIDE

2030 Barclay HR 604-534-2020 Coming Soon 5656 Balaclava LR 5656balaclava.ca Now Selling 99 West MR 604-620-8600 From $528,800

Amber LR/TH 604-871-8600 By Appointment

Arbutus LR 604-307-0607 Call

Autograph LR autographliving.ca Coming Soon Ava LR 604-736-0050 Coming Soon

Carven LR kerrisdalebykenstone.com Coming Soon Chelsea by Cressey MR 604-805-1804 Now Selling

Claridge House HR 604-941-8305 Call

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 Call

Lilibet LR 604-879-0030 Coming Soon Oak +52 TH 604-828-7352

Oku 64 Oak LR okuliving.com

Ortus LR ortusliving.com

Perron GH/TH 604-603-8889 From low $800’s

Pinnacle On the Park at False Creek HR 604-874-8368 Call

Primrose TH PrimroseVancouver.com Coming Soon

Pure LR purewest49.com Call

Rowe TH 604-299-1363 Comimg Soon Rowen W47 TH rowen47.ca Call

Savannah HT liveatsavannah.ca Coming Soon

Savoy LR savoycambie.com Coming Soon

Sixteen & Burrard TH/DU 778-729-0898 Call

TESORO HR tesorobyconcert.com Now Selling

The Conservatory CH/HR 604-821-8291 Now Selling

The Kirkland LR 604-415-2908 Call

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

West Wind at Lelem HR 604-260-8446 Now Selling

Winston South Oak LR 604-809-6233 Call

Yukon Residences TH 604-558-5850 Call

WEST VANCOUVER

Bellevue by Cressey HR/TH 604-290-2626 From $4.4M

Evelyn TH 604-922-0330 Call

Executive on the Park LR 604-926-2398 Call Galleries on the Bay LR 604-836-7355 From $490,000

Hawksley LR hawksley.beedie.ca Coming Soon The Sentinel HR 604-926-9260 Call

WHITE ROCK/SOUTH SURREY

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

OUT OF TOWN PROPERTIES

KELOWNA

Caban .LR/TH cabanbycressey.com Now Selling ELLA HR 778-215-6788 From $679,900

Legend:

Sustainable, enduring mass timber homes

IN SURREY CENTRAL’S BLOSSOMING WEST VILLAGE

Own in Surrey’s vibrant new West Village. These 1 to 2 + den sustainable, mass timber homes feature 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

Visit us today before it’s too late: Presentation Centre: #102 – 13734 104th Ave., Surrey, BC Open 12pm – 5pm Daily | 604.681.4800