BC New Condo Guide - December 14, 2012 by NextHome

4-WEEK ISSUE Dec 14, 2012 - Jan 11, 2013 Volume 02 Issue 25

Live with over 60 shops, services, and amenities at your doorstep

MOVE IN TODAY!

Unique South Surrey Lofts & Condos from $279,900

INSIDE THIS ISSUE

THE 2012 CONDO MARKET IN REVIEW

SHOULD YOU WORRY ABOUT A MARKET CORRECTION?

STRATA FEES: A MATTER OF PERSPECTIVE

P R E S E N TAT I O N C E N T R E

COMING SOON

50 EXCLUSIVE CONDOMINIUM HOMES

1, 2 , & 3 B E D R O O M H O M E S 24TH AVE 154 ST

9 Y9

152 ST

N 99

G G EO

604.531.6659 A d a g i o B y B o f f o.c a

20TH AVE

7 0 0 – 1, 2 7 8 s q f t

E VD

SEMIAHMOO SHOPPING CENTRE

THIS IS NOT AN OFFERING FOR SALE. SUCH AN OFFERING CAN ONLY BE MADE BY A DISCLOSURE STATEMENT. E&OE.

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156 ST

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DEC 14, 2012 - JAN 11, 2013 METRO VANCOUVER NEW CONDO GUIDE 3

ALL THIS FOR THE PRICE OF A CONDO. *Please ask us for details. Prices are subject to change. E.&O.E.

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table of contents

December 14, 2012 to January 11, 2013 volume 2 issue 25

THE SUMMIT HOUSE LOFTS

Unique at Morgan Crossing

columns, news & features LOOKING FOR THE PERFECT NEW HOME OR THE NEXT SMART REAL ESTATE INVESTMENT?

010 Editor’s note Columns

030 condo pro Strata fees: it’s all a matter of perspective by barbara lawlor

MACMarketingSolutions.com is your guide to the most exciting new home communities brought to you by industry-leading developers.

MACMarketingSolutions.com We sell the homes you want to buy. /MacMarketingSolutions

@MAC_Marketing

/MACMSTube

special pull-out insert

MAC Marketing Solutions

006_008 Van TofC-JD.indd 8

048 c ondo sense Take advantage of this buyers’ market by cameron mcneill

054 t he mortgage minute What’s all the fuss about a market correction? by peter kinch

news

012 r bc outlook Canadians resolve to better manage finances in 2013 features

020 y ear in review A look back at the 2012 condo market by susan m boyce

060 l isting directory MAPS

014 South Surrey/ White Rock 022 Surrey/Langley 032 Vancouver 034 R ichmond 038 Burnaby

Homebuyers’ Help

042 Tri-Cities

011 Condo Watch Condominium homes to keep your eye on

045 Pitt Meadows/ Maple Ridge

057 Homebuyers’ resource section

050 North Shore

12/11/12 3:37:24 PM

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Vice-president, wall2wall media

conDo profiles

Jacqueline Hill editor-In-chief, national real estate

Susan Legge Director of sales, western canada

Josh Heppner

art Director

rivEr park placE

Sarah Jang

Coming soon to Richmondâ&#x20AC;&#x2122;s dynamic Oval Village neighbourhood

editor

Janine Druery Lydia McNutt (on leave)

by susan m boyce

contributing editors

Wayne Karl Elisa Krovblit Silvana Longo Sara Duck (on leave)

local on lonsdalE

Owners will enjoy spacious suites and breathtaking views by susan m boyce

Design editor

Yanic Simard

36 52

account executives

Dave bird 604.319.7102 brenda everitt 604.319.7103 sales coordinator

Justin Salvador Ranee Pal (on leave) production manager

Bala Gnanapandithan production co-ordinator

Laura Northmore Graphic Designer

Caroline Wassef national account manager, mediative

Paul Slizys PUBLISHED BY

Wall2wall Media is a Trademark of Yellow Pages Group Co. in Canada.

BuYer profile 40

burnaby mountain high

Denny and Amanda find their Nest by susan m boyce

4180 Lougheed Highway Suite 102 Burnaby BC V5C 6A7 T. 604.519.6080 F. 604.519.6088

Call 604.519.6080 for advertising rates Copyright covers the contents of this publication and prevents reproduction in whole or in part: offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher.

aDVertIsInG

The views and data expressed by columnists do not necessarily represent those of the publication. homeTRADER and The homeTRADER & Design are trade-marks of Apax Partners LLP, used under license.

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EDITOR’S NOTE

How much home

CAN YOU AFFORD?

SUSAN LEGGE

EDITOR-IN-CHIEF

Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge Like us on facebook search: Condo Guide

There is increasing speculation as to whether households are taking on more debt than they can chew. If interest rates begin to rise from their historical lows, can you still manage those monthly payments? For example, the difference between a five-year term at a rate of 4.09 per cent and a variable rate of 2.15 per cent is almost $500 a month on a $400,000 mortgage with only five per cent down. When working with your lender, have them show you what you can afford at a higher rate, keeping in mind that you will have less to finance

at renewal time. Increase your payment frequency or make lumpsum payments throughout the year to further lower the amount you owe. The good news is mortgage rates look like they are going to stay put in the first part of 2013, but you can bank on rates rising eventually, even if it isn’t by much. Ensure you can afford the home you’re buying, regardless of mortgage rate speculation. A good lender will show you how. Ask your friends and family for a referral and get the facts.

Shop around for

THE BEST DEAL

JANINE DRUERY

EDITOR

Wall2Wall Media Janine.Druery@wall2wallmedia.com Follow me on Twitter at Twitter.com/JanineDruery

When I purchased my first home, I was a little overwhelmed by the financial side of things. I thought I had all of my duck in a row. I got my down payment ready, made sure my credit report was sparkly and shiny, and did endless calculations to figure out what I could afford. But then it came time to get financing. I was quite surprised to learn about all that is involved. How would I get the best interest rate? Was it better to choose a bank or a mortgage broker? Should I go with a fixed- or variable-rate mortgage? While it took some time to make sense of it all, what I did learn is that it really pays to shop around. Don’t assume that because you’ve dealt with your local bank for years that they are going to give you the

best deal. Similarly, don’t assume your cousin’s friend who is a mortgage broker will offer the best arrangement. While you very well might get your best deal from either of them, you won’t know until you compare. We look for good deals on appliances, cars and the like. It only makes sense to do the same for what is (for most of us) the biggest purchase of our lives. So, get quotes from several financial institutions and mortgage brokers and compare interest rates and fees. And this goes for renewing your mortgage as well. Feeling like you’ve done your homework and received the greatest deal possible is deeply satisfying. And, of course, it can save you buckets of cash.

10 METRO VANCOUVER NEW CONDO GUIDE DEC 14, 2012 - JAN 11, 2013

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condo watch

Condo market watch Condominium homes to keep your eye on

Canu Ladner On the Street

4689 – 52A St. (behind Save-On-Foods) On the Web canuliving.com

Located just steps from the heart of historic Ladner Village, this 30-unit condominium is also adjacent to the natural beauty of the Chillukthan Slough where you can stroll, fish and feed the ducks. One- and two-bedroom suites available with occupancy anticipated in spring 2013. High-end finishings include hardwood flooring in main living areas, over-height ceilings, gourmet kitchens and solar panel heating for common hot water tanks. Priority registration online. Highlights

Royce White Rock

Arbutus Ridge Vancouver Westside

On the Street Thrift and Everall

On the Street 3113 Arbutus St.

On the Web royceliving.com

On the Web arbutusridgeliving.com

Highlights: A collection of 80 viewinspired condominium residences, Royce is now accepting priority registration. Offering a variety of one- and twobedroom homes (some with dens), this is a rare opportunity to purchase a brand new home on the south-facing slopes of White Rock. Dynamic, eye-catching architecture and ultra-modern interiors. Just minutes to the beach, waterfront promenade, or the diverse shopping and galleries of the city centre. Register today to be sure you’re first to get more information.

Info 604.738.0001

River Park Place Richmond

Highlights To be located on the site of the historic Ridge Theatre, this condominium development will offer modern living with the space, the features, the views and the extraordinary details you’ve come to expect from the Cressey team. Priority registration now underway. Be sure to get your name on the list for this rare opportunity to be part of the new evolution in Arbutus.

Gingerbread Lane Downtown Vancouver On the Street 655 Burrard St.

On the Street Gilbert and River Rd. On the Web riverparkplaceliving.ca Info 604.282.7838 Highlights Coming soon, River Park Place will be located at the entrance to Richmond’s dynamic Oval Village neighbourhood. This riverfront, masterplanned community is designed to be pedestrian-friendly, connected and stylish — contemporary condominiums that define urban living and add a significant architectural landmark to the neighbourhood. Phase one anticipated to launch in the spring. Be sure to priority register early.

Highlights Looking for something truly different, truly unique in home design? Be sure to check out the lobby at Vancouver’s Hyatt Regency. Yes, here’s where you’ll find the annual Gingerbread House competition, a collection of whimsical gingerbread houses sure to make you smile with their sheer imagination and creativity. Vote for your favourite and help support the Make a Wish Foundation with a donation. You’ll even get a sneak peek into Santa’s kitchen courtesy of VCC. Display open until January 1, 2013.

Cornerstone North Langley On the Street 120 – 21009 – 56th Ave. On the Web cornerstoneliving.ca Info 604.534.6000 Highlights The second and final phase of Cornerstone is now previewing. Conveniently located near the shops of downtown Langley, Kwantlen University, freeway access and diverse recreational opportunities. Homes range from one-bedroom to two-bedroom and den with a furnished two-bedroom display suite open for viewing.

Tell Us Your News Got a new development, opening, or other news you’d like us to feature in Condo Market Watch? Drop us a note at susan@suntrackercafe.com, and we’ll do our best to get it in the next edition.

dec 14, 2012 - jan 11, 2013 metro vancouver new Condo Guide 11

011 Condo Market Watch Dec14-JD.indd 11

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RBC oUtLooK

Canadians resolve to

BetteR MAnAGe FInAnCeS In 2013 more Canadian consumers believe their personal financial situation will improve than they did at this same time last year. And, they are taking steps to be in better financial shape, according to the quarterly RBC Canadian Consumer Outlook. One-in-three Canadians (31 per cent) are planning to focus on reducing their debt this year, 26 per cent on spending less, 25 per cent on saving or investing more, and another 20 per cent intend to take all of these actions in 2013. Canadians are also sending out a strong signal that less money will be going toward major purchases in 2013, with 44 per cent reporting they will spend less on big ticket items such as cars, household appliances or vacations. AS tHeY HeAd Into 2013,

“Canadians may believe brighter days are ahead because they are making resolutions to better manage their finances by reducing debt and curbing spending not because of their outlook on the Canadian economy,” says Richard Goyder, vice-president of personal lending, RBC. “While New Year’s resolutions may start with great intentions and fizzle out later in the year, setting out a plan to reduce your debt, keep it under control and save more for that rainy day will help keep you on track.” The most recent Economic and Fiscal Update issued by the federal government in November estimated that Canada’s real GDP will grow by 2.0 per cent in 2013. RBC Economics is currently forecasting the Canadian economy will grow by 2.4 per cent in 2013 and will be releasing its next Economic and Financial Outlook in December. “The Canadian economy has been growing at a rate close to its long-run potential,” says Craig Wright, senior vice-president and chief economist, RBC. “However, we will have a sharper picture of Canada’s future growth prospects when the U.S. addresses the fiscal cliff and European policy makers can move the Eurozone out of recession and address fiscal and financial market imbalances.”

12 MetRo vAnCoUveR new Condo GUIde dEc 14, 2012 - jAn 11, 2013

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hand Blue C brand choco

Top 10 Financial Tune-up Tips for 2013:

Reduce your debt If you are among the 31 per cent of Canadians who plan to focus on reducing debt in 2013, you can start by paying down debts which have the highest interest charges first.

Consolidate your debt To make all your debts easier to manage and pay down, talk to a financial advisor about consolidating your debts. Combining multiple payments into one loan can help make it easier to manage your debt and you may even reduce your interest costs and be able to pay down your debt sooner.

Budget for the year ahead Having your own budget allows you to manage your expenses, pay down debts and save for future goals. If you don’t have a budget, set one up for the new year; if you already have one, the beginning of a new year is a good time to do a budget review. You can get in-person budgeting advice any time of the year from a financial planner at your local bank branch.

About to buy a home? Get pre-approved for a mortgage To get a better idea of your price range before you buy your first home, apply for a pre-approved for a mortgage, with professional advice that will help you understand the long term costs and choose the right mortgage option to suit your needs.

Compare loans to lines of credit If you are planning a major expense this year (buying a car, renovating your home, investing in your RRSP), explore whether a loan or a line of credit will work best to help you manage that expense.

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Review your investments The start of any new year is a good time to review the mix of assets in your investment portfolio and to recheck your risk profile, to see if you need to make any adjustments.

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Have an emergency fund Unexpected expenses can catch you off-guard throughout the year. An emergency fund can help you take care of unplanned costs without straining your budget.

2G ues

Canadians are sending out a strong signal that less money will be going toward major purchases in 2013, with 44 per cent reporting they will spend less on big ticket items such as cars, household appliances or vacations

Make your credit card work for you Credit cards can help you keep track of your expenses and also earn valuable rewards more quickly, but whenever you use your credit cards, do so wisely – pay off your full balance before the due date each month.

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Use all your income tax deductions Remember to pay all tuition fees, investment management fees, accounting and legal fees if deductible, safe deposit box fees, childcare expenses, alimony, medical expenses and any business expenses by December 31 of the year, if you want to deduct them on this year’s tax return.

Individual Pension Plan option for business owners If you are a business owner with an incorporated company, you may find both year-end corporate income tax deductions and a structured retirement savings plan for yourself through an Individual Pension Plan (IPP).

dec 14, 2012 - jan 11, 2013 metro vancouver new Condo Guide 13

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176TH ST

184TH ST

176TH ST

184TH ST

168TH ST

152ND ST

y King George Hw

SOUTH SURREY | WHITE ROCK

40TH AVE SERPENTINE FEN NATURE RESERVE

CRESCENT BEACH / BLACKIE SPIT

99a

D TR

99 32ND AVE

SUNNYSIDE ACRES URBAN FOREST PARK

CRESCENT PARK

24TH AVE

164TH ST

26TH AVE

24TH AVE

ng INE

148TH ST

168TH ST

16TH AVE 160TH ST

152ND ST

140TH ST

MA R

16TH AVE

128TH ST

16TH AVE

20TH AVE

SOUTH SURREY ATHLETIC PARK

15 10TH AVE 8TH AVE

SOUTH SURREY / WHITE ROCK 1.

MORGAN CROSSING

24th Ave & Hwy 99 604.582.1336

EDGEWATER

152nd St. & 36th Ave. 604.535.9655

3. 4.

GEMINI

15310-17A Ave 604.536.1663

AVRA

1456 Johnson Rd. 604.531.9030

14 METRO VANCOUVER NEW CONDO GUIDE DEC 14, 2012 - JAN 11, 2013

ADAGIO

20th Ave. & 154th St. 604.531.6659

8TH AVE

SOUTH SURREY/WHITE ROCK

LOFT LIVING FROM $279,900*

MOVE IN NOW! | JUST A FEW LOFTS AVAILABLE diSCoVer the eXCLuSiVe LoftS at the ViLLaGe The lofts at The Summit House are pretty special. Ceilings as high as 22’ mean there is more than enough room to ‘swing a cat’, practice trampoline for the next summer Olympics, or master the art of aerial silks. The flexible loft space is a great bedroom, office, library, games room, man cave or whatever else you can think of. you can even shout lines of Shakespeare to your Romeo below. And naturally, a great kitchen and beautiful finishes are a given at Morgan Crossing. The best part? you’re still just a short walk away from over 60 shops & services in the dynamic Morgan Crossing village! village life means something a little different to everyone. To some it’s that the coffee barista not only knows your order but your name (and your dog’s name too). To other’s it’s that you can entertain on a whim without having to rely on the contents of your fridge. Or even the fact that your car stays parked more often than not with everything you need right at your doorstep. Whatever village life means to you, one thing is for sure – you will live!

Learn More about the SuMMit houSe LoftS today VISIT ThE REAL ESTATE pRESENTATION CENTRE Open daily (except Fridays) noon - 5pm, located at 103-15775 Croydon Dr., South Surrey, next to Thrifty Foods in the village.

winner 2011

BEST MULTI-FAMILy LOW RISE dEVELOpMENT Morgan Crossing

MorGanCroSSinG.Ca | 604.582.1336 hoLiday hourS: CLoSed deC. 24 - Jan. 4. PLeaSe CaLL 778-833-1169 to reQueSt a ViewinG durinG thiS tiMe Period. by aPPointMent onLy. *Plus applicable hst, subject to availability. Prices & specifications subject to change without notice. This is not an offering for sale, such an offering can only be made by way of a disclosure statement. E.&O.E.

Sales + Marketing

DEvElOPED by

DEC 14, 2012 - JAN 11, 2013 METRO VANCOUVER NEW CONDO GUIDE 15

cover story

The Summit House Lofts Unique at Morgan Crossing // by susan m boyce

Go ahead, admit it. You’re unique. No cookie cutter apartment for you. You want a living space that’s as individual as you are. A home that will make your friends stop, stare, and then say, “Oh wow, this is just so… you!” Well has Morgan Crossing got a treat in store for you. The Summit House, final phase of this highly acclaimed South Surrey community, still has six of its exclusive, loft homes available. And to say they’re different is classic understatement.

Open, Soaring Lifestyle “These are true lofts, meaning you’ve got soaring, two-storey banks of windows throughout your main living area,” says Bryan Woolley, sales director. “It’s a very cool, funky space, and very definitely not your typical condo.” Artists and other “creatives,” he adds, are particularly attracted to loft living. “It’s great if you want to hang lots of art on your walls so your home becomes more like a personal gallery. I’ve seen people use the loft as an open bedroom, a media room, an office, or even their studio. And for entertaining, it adds a whole new dimension 16 metro vancouver new Condo Guide dec 14, 2012 - jan 11, 2013

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“ It’s a very cool, funky space, and very definitely not your typical condo.” Bryan Woolley

to have a huge, open kitchen with eating bar plus the upper floor loft area for socializing. Of course, you can also have fun with the Romeo and Juliette ambiance.” Bryan acknowledges loft homes aren’t for everyone, but quickly notes many people who love them have been waiting impatiently for an opportunity to purchase. “There are virtually no lofts available in South Surrey,” he says. “So these homes are not only a rarity, but like the rest of the homes in Summit House, they’re finished to an exceptional standard of quality.” Rapidly he lists off a few details: soft-close cabinetry and drawers, wide-plank laminate flooring, gas fireplace with modernistic concrete surround, ensuites boasting the refined opulence of a private spa, and kitchens design to inspire culinary adventures. “This is more than just choosing a home, it’s making a lifestyle statement.” Spontaneous, Connected Living “The Village at Morgan Crossing has become a really cool, really friendly place to hang out,” Bryan says, adding there’s an irresistible sense of vitality, a joie de vivre that’s immediately apparent by the fact people here smile and laugh… a lot.

“You see the impact it has on people all the time — neighbours chatting together as they head to the Steve Nash Sports Club or sitting on one of the park benches, friends having coffee together at Mink, or dog owners swapping stories at the dog park. Just the other day, a young professional told me he’d met more people here in two months than he did after living in his previous place for two years.” Morgan Crossing’s ability to create more time is another lifestyle feature Bryan’s particularly excited about. “You have a plethora of shops, services, and recreation within a two-block radius of your front door,” he explains. “You’re not spending time in your car going back and forth for every little thing you need, so it’s healthier for you and more sustainable on the environment.” Then there’s what he likes to describe as Morgan Crossing’s spontaneity factor. “If you don’t feel like cooking dinner when you get home, you can just grab something from Thrifty Foods on your way from the car to your front door — they make great pizza there.” He grins. “And if you suddenly get a craving for whipping cream while you’re watching TV, you can just slip a coat over your PJs, and practically run downstairs during a commercial.” Experience It Now Need one final enticement? All the Summit House loft homes are ready for immediate occupancy. Translation: you could be unpacked, settled in, and celebrating the new year in your new digs. The Summit House/Morgan Crossing presentation centre is open noon to 5 p.m. daily except Fridays at 103-15775 Croydon Dr. (right next to Thrifty Foods in the Village) in South Surrey. Loft homes from $279,900. Be sure to ask about the special incentive on the few remaining condominiums in The Village — your opportunity to save up to $30,000. All Summit House Lofts and condominiums, as well as the Village condominiums, are ready for immediate occupancy. For more information call 604.582.1336 or visit morgancrossing.ca. dec 14, 2012 - jan 11, 2013 metro vancouver new Condo Guide 17

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south surrey/white rock

dec 14, 2012 - jan 11, 2013 metro vancouver new Condo Guide 19

year in review

A LOOK BACK at 2012 // by susan m boyce

The Residences at West will bring new retail and stylish residences to Southeast False Creek. 1

Solo District in Burnaby is a new master planned community by Appia.

Emerson is one of the new breed of condos coming to the Burquitlam neighbourhood.

Meccanica’s design was inspired by Intermeccanica, the company that’s been handcrafting replica 1950s-era Porsches since 1981.

Marine Gateway in South Vancouver sold out in a single day.

As we approach the end of 2012, the

Metro Vancouver and Lower Mainland condo markets are showing strong indications of a return to stabilization. Despite persistent “Chicken Little” rumours that the sky is about to fall, this year is closing with some excellent opportunities for buyers. Mortgage rates have defied the naysayers and remained at historic lows throughout the year — the lowest, in fact, in many people’s memory. Many developers are also offering outstanding incentives ranging from decorating discounts to strata fees free for a year. The Residences at West even offered a whopping 10 per cent interest on deposit until completion. And with an increasing inventory of move-in ready product, first-time buyers or buyers who aren’t restricted by the need to sell an existing home can get the home of their dreams immediately.

Vancouver. Other major successes included Bosa Properties’ Sovereign, Solo District by Appia, and, more recently, the initial tower Station Square, a partnership between Anthem Properties and Beedie Living. Though separated by geography, all five projects shared one common link: proximity to transit. And it’s proximity to rapid transit many industry insiders are calling “the new green” — the ability to simply park the car and access not only fast, reliable transportation, but a diverse and ever-expanding array of sophisticated urban amenities. Southeast False Creek’s evolution continued at steady pace throughout 2012. The Village on False Creek (still most often referred to as the Olympic Village) shed its ghost town reputation as retail/services like Terra Breads, London Drugs, and the Tap & Barrel, a much-needed restaurant and local pub, opened their doors to an eager clientele. The neighbourhood also saw in influx of other notable developments including The Residences at West, Meccanica, Lido, and The One. 2

Spectacular Sales

Making headlines early in the year, Marine Gateway sold out its entire offering of 415 units in just over four hours. To be located at Cambie and Marine in Vancouver, what made this presale one-of-a-kind was the fact there were no multi-suite grabs — only one home per buyer was allowed. “This is the first time in my career I’ve seen this kind of response,” said Tracie McTavish, president of Rennie Marketing Systems, in an interview several weeks later. A month later, history repeated when virtually all the Telus Garden condos were snapped up in a single day in downtown

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Farther east, Burquitlam established itself a solid choice for investment and future growth. Once again, it was proximity to transit, in this case the new Evergreen Line that will be at the heart of the new Burquitlam, that created a tipping point in desire for properties here, so much so that many anticipate this neighbourhood will see the same dramatic development experienced two decades ago in Metrotown. 3 By the Numbers

A surprise to many, condo prices, according to CMHC data, have remained flat since late 2009 when buyers were prepared to fork over an average of $444,000 for a unit they would pay $428,000 for in October of this year. And although there was the undisputed pricing plummet that began in 2008 until it reached a low point of $353,000 in February of 2009, current prices are comparable to the average of $434,000 in November 2007. A CMHC survey also showed a standing inventory of 1,447 complete but unsold condo units at the end of the third quarter 2012. By far the largest concentration is found in Surrey (428) followed by Vancouver Westside (244), Burnaby (194), North Vancouver (158), Tri-Cities (130), and Langley (120). Taxing Ups and Downs

Spring 2012 ushered in some much-anticipated changes on the tax front. “On February 17, the provincial government finally listened to industry concerns and raised the HST rebate threshold from $525,000 to $850,000, capturing 90 per cent of all new homes in the province,” says Peter Simpson, former president and CEO of the Greater Vancouver Home Builders’ Association. “They also raised the rebate from $26,250 to $42,500.” Four days later, BC sweetened the pot even more, announcing a first-time 5

homebuyers bonus of up to $10,000 on newly constructed homes, a move Simpson notes was “a nice complement to the rebate threshold changes.” However, the summer did bring another round of tightened mortgage regulations including loss of the 30-year amortization option. Once again, it was first-time buyers who felt the squeeze most acutely. For many who had scrimped to save a down payment, it meant they no longer qualified for the home they had envisioned. And while Simpson notes the Canadian Home Builders’ Association has repeated requested a dialogue with the federal government, to date there’s been no response. Embrace Your Future

Although there’s no denying that 2012 is closing in a more sedate manner than previous years, the most compelling reasons to purchase remain the same. “We live in the most beautiful and most livable region in the world,” says Mark Belling, president of Fifth Ave Real Estate Marketing. “That’s not just my bias but is confirmed by experts all around the world. “Right now we’re in a buyers’ market with the lowest interest rates in history, so embrace it. If you find 12 different homes you like, you can take your time — eliminating the ones that don’t make the cut and zeroing in on those that do. Then, when you find the home of your dreams, don’t back away. Buy it and enjoy it.” Be sure to join us next issue for a sneak preview of what experts are predicting for 2013. dec 14, 2012 - jan 11, 2013 metro vancouver new Condo Guide 21

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Surrey | Langley 116TH AVE

12 0T H

112ND AVE

108TH AVE

A10

104TH AVE

se r

A15

A11

GREEN TIMBERS URBAN FOREST PARK

TYNEHEAD REGIONAL PARK

Fr as

GOLDEN EARS BRIDGE

96TH AVE

A4 A1

88TH AVE

96 TH

88TH AVE

BEAR CREEK PARK

LO VE

64TH AVE 60TH AVE

61A

58TH AVE

LANGLEY BYPASS

A12 56TH AVE

56TH AVE

er H

Langley

SERPENTINE FEN NATURE RESERVE

B2 Fra s

B6 B1

Surrey

232RD ST

10 A9 A7

A14

216TH ST

72ND AVE

64TH AVE

WATERSHED PARK

208TH ST

200TH ST

192ND ST

184TH ST

176TH ST

99a

80TH AVE 168TH ST

160TH ST

152ND ST

144TH ST

128TH ST

120TH ST

112TH ST

72ND AVE

King George Blvd

80TH AVE

AV E

48TH AVE

A1. Ascend

A7. Waterstone

A13. 3 civic plaza

B1. serenade

40TH AVE B5. suede

A2. Luxor

A8. Brookland

A14. latitude

B2. Cornerstone

B6. varsity

A3. Salix

A9. sunset grove

A15. ultra

B3. The Village at Bedford Landing

B7. athenry gate

B4. elements

B8. murray's walk

15956 86A Ave. 604.596.2202 6398 120th St. 604.590.8003 6477 - 196th Street 604.530.0054

A4. Monterosso

8727 160th St. 604.596.8828

A5. verve

13913 Fraser Hwy. 604.588.3783

A6. the wave

10375 133rd St. 604.951.9283

64th & 19th 99 604.530.5399

13468 Gateway Dr. 778.395.3080 6500 194th St 604.532.7711

A10. G3 Residences 104th Ave. & 154th St. 604.453.6688

A11. e dge

13897 Fraser Hwy. 778.395.7704

A12. latis

5811 - 177B Street 604.575.0669

22 metro vancouver new Condo Guide dec 14, 2012 - jan 11, 2013

104 Ave & 134 St 604.572.0064 14358 60th Ave. 604.596.5075 10345 133A St. 604.588.6999

20460 Douglas Cres. 604.510.5020 5655 210A Street 604.534.6000

9275 Glover Road 604.888.2793 20211 66th Ave. 604.533.7718

20219 54A Ave. 604.514.1530 200th Street & Fraser Highway 604.539.2200 8312 Street 604.882.8857

22323 48th Ave. 604.510.6500

240TH ST

96TH AVE

GL OV ER

Fr a

A13

216TH ST

W ay

N VE OS

the e r u t fu . e r e is h

ESS ADDR T S E TRE B Y CEN • THE EY CIT R R L U IN S HOTE MIUM E R P Y REY ONL N SUR • THE ENCE I D I ARK S E & R ANDM L T A E D GR NLAN NEXT R MAI • THE E W O E L OF TH

104th

avenue

rkway

city ha

city pa

civic plaza

universi

ic @ 3Civ y a d o er t Regist

n Statio

re. r futu u o y n i Invest

103rd avenue

Plaza.

sale. ring for t an offe O.E. This is no statement. E.& keting. re ar su M l lo disc dentia a si ith Re w l e rnationa n only be mad ers Inte sale ca by Colli ring for d Sales An offe keting an

Mar

Central

ty drive

library

grand opening - move in now!

80o%ut!

luxor-living.com 604-590-8003

Luxury is Standard at Luxor

Take Advantage

10,000

OWN TODAY Priced from $224,900

first time home buyer tax credit

Special Financing Packages Available

Luxury home collection group Marketing and Sales by: REA L

ES T A T E

MARKE T ING

Wolstencroft Realty

To Vancouver

15 min. to YVR Airport & 15 min. to US Border

Scott Rd.

hours: Monday to Friday 1-6pm Weekends & Holidays 12-5pm

Presentation Centre: 6398-120th Street, Surrey Corner of Scott Rd & 64th Ave

Solon Bucholtz

SOLD

*Selected Homes subject to change without notice. Limited time offer, see sales staff for details. This is not an offering for sale. Any such offering can only be made with a disclosure statement. E.&O.E.

64th Ave. 58th Ave.

Hwy. 99

To US Border

Surrey/langley

dec 14, 2012 - jan 11, 2013 metro vancouver new Condo Guide 25

surrey/langley

LAST CHANCE NEXT 10 4 PURCHASERS ONLY

26 metro vancouver new Condo Guide dec 14, 2012 - jan 11, 2013

SURREY/LANGLEY

A brighter future for Your KiDS located in the beSt Place to inveSt in bc, and what will Soon be

the region’S 2nd largeSt metroPolitan centre, ultra iS leading the waY with a real eState inveStment for a brighter future.

for Your KiDS real estate for their future and up to $7,000 in purchase incentives

citY centre StudioS from $186,900

for KiDS of the future a $3,000 donation in your name to the mata tripta birthing unit

citY centre 1 bdrmS from $255,900

SaleS centre oPen - call for holidaY hourS | 10345 133a Street, SurreY liveatultra.com | 604.588.6999

develoPed bY See agent for full detailS. PriceS & incentiveS are Subject to change without notice. e.&e.o.

DEC 14, 2012 - JAN 11, 2013 METRO VANCOUVER NEW CONDO GUIDE 27

B3 COMMUNICATIONS date: file:

12/11/12 b3 clients:ultRa:20753 ultRa ad update:pRod:20753 ultRa ad update_pRod.indd

1.866.711.2333 | info@b3com.com | b3com.com |

cw:

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ae:

b3 communications inc. RepRoduction and/oR distRibution of this mateRial is pRohibited without pRioR authoRization.

O VE P R HA 30 S % E1 SO LD !

MURRAY’S WALK T AKE A S TROLL

STARTING PRICE

$199,900

(including HST/GST)

56 AVE

YA LE

52 AVE 50 AVE RBC ROYAL BANK

48 AVE - MCDONALD RD

MURRAY’S CORNER 224 ST

222 ST

Come and take a stroll...see which one fits you.

208 ST

Experience a brand new home in a familiar community-oriented neighbourhood. At Murray’s Walk we have something for everyone - with 19 floor plans to choose from and homes ranging in size from 635 sq ft to over 1,300 sq ft. Whether you are looking to downsize or purchase your very first home, the Murray’s Walk team is here to help you through the process. Please visit us at our Presentation Centre for more details.

OL D

221A ST

Buy before February 2013 and receive up to $10,000 in new home customizations

224 ST

216 ST

LANGLEY BYPASS

CONDO LIVING IN THE HEART OF MURRAYVILLE, LANGLEY

PRESENTATION CENTRE

Site Address:

5020 221A St, Langley (Adjacent to Langley Memorial Hospital)

Presentation Centre:

Features Include: • Quiet residential location within walking distance to shops and amenities • High-end finishes including; quartz counters, soft close cabinets, and spa-like ensuites • Gorgeous North Shore and Mount Baker views • Over-height 9 ft ceilings and over-sized balconies in every home • Secured underground parking and storage included • Guest Suite, Amenity Room, and Fitness Centre • Beautifully landscaped courtyard with fountain

#4 - 22323 - 48th Ave, Langley (In the Murrayville Square Complex, across the parking lot from RBC.) Open Daily, Noon-5pm. Closed Friday.

604.510.6500

www.murrayswalk.com

In our continuing effort to meet the challenge of product improvement, we reserve the right to modify or change plans, specifications, features and prices without notice. Rendering is an artist’s conception only. E. & O.E. All marketing materials designed by wcimediastudios.com

CondoLiving.indd 1

2012-12-07 11:47 AM

Surrey/langley

DREAMING OF YOUR

OWN HOME FOR CHRISTMAS? CORNERSTONE HAS EVERYTHING ON YOUR LIST

✓ ✓ ✓

Contemporary, open-plan home, perfect for entertaining A palatial patio or fenced yard to build the perfect snowman

IO /"x7D'0"ECK PAT13 '10

mean 9ft ceilings - or an mf plenty of roo tar)! ss 8ft tree (plu

to hang your stockings

✓ Stainless steel appliances, for the perfect turkey

✓

G LIVIN "x11'9" 12'11

A spa-like bathroom, whether you’re naughty or nice

592 SQ.FT. 1 BEDROOM FROM $169,900 / $807 MTH SPACIOUS 2 BEDROOM CORNER HOMES FROM $269,900

M ASTER OM BEDR"xO 11'0" 9'9

G DIN"xIN 6'5" 9'1

BUY NOW and receive a $1000 VISA Card to give you a head start on your Christmas shopping.

LINEN W

PLUS, a select number of MOVE-IN READY homes

604.534.6000 cornerstoneliving.ca CHRISTMAS HOURS

The Sales Centre will be closed from Dec. 21 to Jan. 2. We are available by appointment during this time.

LINEN WALK-IN CLOSET

HEN KITC"x 11 '7" 6'0

ENTRY

ENTRY .

dec 14, 2012 - jan 11, 2013 metro vancouver new Condo Guide 29

condo pro

// by barbara lawlor

Strata fees a true bargain

Barbara Lawlor is president of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condominium developments in Canada and overseas. Keep current with The Baker Blog at blog.bakerrealestate.com

here are so many benefits of condominium living – but the one that often tops the lists of purchasers is having access to wonderful amenities in gorgeously landscaped buildings without having to take care of maintenance and repairs. The time you would spend weeding the garden, raking leaves, shoveling snow and the like can be spent instead soaking in the whirlpool, swimming, watching the latest film sensation in the theatre, playing virtual golf, or engaging in any of the other activities available under your very own roof.

Remember, however, that over time, all residences require upkeep – and that’s where the strata fee comes in. Your monthly payment is critical to ensuring that your quality of life remains high. Funds must be in place to handle arrangements for cleaning, upkeep and repairs of a condominium’s common areas. It’s important that you consider these strata fees fairly when you compare what you’d pay for similar services in a lowrise home. Take security, for example. Most condominiums today offer 24/7 concierge service, and these professionals require salaries. If you were to add a security system to a lowrise home, you would pay a monthly fee for monitoring. Keep in mind, too, that a substantial percentage of the strata fees covers utilities such as hydro, gas and water, which you would pay for separately from your mortgage in a lowrise home. The great thing is that many condominiums today offer individual hydro and water metering per suite. Most buyers are happy to pay for what they use, and they appreciate the fact that if they are away for weeks or months, their hydro and water bills are low for those periods. Looking at strata fees in the bigger picture, they also help to protect your real estate investment. Often, people forget that the ongoing cleaning and maintenance of things like elevators, the lobby and hallways is important. In addition, a portion of your strata fees goes toward the “reserve fund,” which remains on hand so that essential services can be paid for in the future. The strata board administers the fund, which covers unexpected problems. Now and then, we hear from potential purchasers that they resent having to pay strata fees that support a particular amenity they do not plan to use – most commonly, the swimming pool. You should know that the costs to maintain and service a pool and whirlpool are a very small portion of the annual condominium budget. You may think you will not use a pool or another amenity, but your guests may be happy to indulge. Amenities also enhance the resale value of your suite in the future, and you never know – once you move in and see for yourself just how beautiful today’s amenities are, you may love the very things you thought you might not use! As I so often say, the amenity areas are an extension of your living space, and condo developers are creating simply stunning spaces where neighbours and friends can gather without ever leaving the building. Again, it’s a matter of perspective. In a lowrise home, someone has to mow the lawn, weed the garden and wash the exterior windows. Hiring professionals to handle these chores costs money. Much of your strata fees go to items you would have to find the money for anyway. In the end, it’s worth it to afford you luxury, convenience and free time.

30 metro vancouver new Condo Guide dec 14, 2012 - jan 11, 2013

030-VANCOUVER Condo Pro-Barbara Lawlor-Strata fees-JD.indd 30

12/11/12 3:38:47 PM

LARGER SUITES. READY THIS SUMMER!

Trilogy Club Lounge

PHASE 2 SELLING FAST! MOVE-IN SUMMER 2013!

With larger home layouts and new options for upgraded finishings the Elements lifestyle just gets better. Complimented by beautiful landscaping, backing on to natural green space, and nestled in the heart of Langley’s vibrant shopping community you are only steps away from every urban amenity. Come see why Elements is improving the standards of perfection. Only 2 available to move-in today!

Junior ones up to two + den suites priced from the $160’s up to the low $400’s

INCLUDING NET HST

VISIT OUR PRESENTATION CENTRE TODAY OPEN DAILY NOON - 5PM (CLOSED FRIDAYS) Happy Holidays! Open by appointment only from December 24th thru January 1st. Call 778-878-7782. 20211 66th Avenue, Langley BC | 604-533-7718 elementsinlangley.com SALES & MARKETING BY: FIFTH AVENUE REAL ESTATE MARKETING LTD. 604-583-2212 Prices and incentives are subject to change and may be withdrawn without prior notice. Prices quoted include net HST for owner occupier only. E.&O.E.

va n c o u v e r | d o w n t o w n va n c o u v e r

RIN

W 6TH AVE

3 W BROAD WAY

E 1ST AVE

E BROADWAY

W 12TH AVE KI

RENFREW ST

COMMERCIAL DR

AVE

E 12TH AVE

SW AY

E KING EDWARD AVE

QUEEN ELIZABETH PARK

E 33RD AVE

E 29TH AVE

W 41ST AVE

E 41ST AVE

OAK ST

W 57TH AVE

MAIN ST

W 49TH AVE

E 49TH AVE

17 RI

W 70TH AVE

1. THE residences at west

8. opsal

2. Kits360

9. Bayswater

195 West 2nd Ave 604.707.9378

1777 West 7th Ave 604.737.0360

3. cambie & 7

Site: 538 W 7th Ave Sales Office: 6787 W Broadway 604.568.5060

4. wall centre central park Boundry Road & Kingsway 604.874.9232

5. collection 45 Main Street & 8th 604.569.1555

6. westerly

2588 Collingwood St (W Broadway) 604.588.3399

7. alba

2nd & Quebec Street 604.876.7332 2488 Bayswater Street (Bayswater and Broadway) 604.739.8880

10. sail

108 - 3479 Westbrook 604.221.8878

11. radius

4th Ave. & Fir 604.731.5522

12. sydney

2065 W12th Ave 604.892.7712

13. meccanica First & Quebec 604.876.8819

14. Modern

E Hastings and Penticton Street 604.251.2522

32 metro vancouver new Condo Guide dec 14, 2012 - jan 11, 2013

1305 Burrand St. amacon.com

R ED

SE MARIN E

15. bluetree homes on main street King Edward & Main 604.877.1116

16. 5555 Dunbar

5587 Dunbar (North of 41st) 604.568.7551

17. mc2

Cambie & Marine 604.638.9998

18. maynard's

428 West 1st Ave 604.893.8328

19. keefers block Keefer St & Main St 604.682.8813

20. sesame

Renfrew & 2nd Ave 604.253.8888

21. rolston

Site Address: 625 Rolston Presentation Centre: 140 - 1265 Granville Street 604.688.8297

BOUNDARY RD

INAL

VICTORIA DR

L AL

W KING EDWARD AVE

PACIFIC SPIRIT PARK

DUNBAR ST

W 16TH AVE

W BROADWAY

TE R M

KNIGHT ST

6 12

13 1

MAIN ST

AVE 6TH

CAMBIE ST

W 10TH AVE

CORNWALL AVE

OAK ST

ALMA ST

W 4TH AVE

REY RD

BURRARD ST

POINT G

VENABLES ST

GRANVILLE ST

JERICHO BEACH PARK

LVD

BR ST WE

UBC

14 21

E DR

LLOR B

ARBUTUS ST

NCE

MCDONALD ST

AR IN

CHA

E HASTINGS ST

BURRARD INLET NW M

120196_Sydney_NCG_Half_Nov.ai | New Condo Guide | 7.25 in x 4.375 in

OV CO

N EI E CR

AY D TO TION

O EC

U TR

Vancouver

Meet Sydney. Spacious, Classic Kitsilano. Located in Vancouver’s energetic Kitsilano neighbourhood, Sydney is a tranquil retreat steps from the city’s best

DINING

amenities. Connaught Park, IGA, London Drugs, Thomas Haas, Bikram Yoga, Kits Beach and Gramercy Grill to name

KITCHEN DW

DECK

a few, are all within easy reach.

LIVING

BATH

FINAL 5 SUITES. NEW PRICES. Steel & concrete construction

■

Wide plank, laminate flooring

Spacious living areas

■

Secured underground parking

■

9 ft ceilings

■

2 elevators

■

Jetted tubs*

■

Private entrances*

■

Skylights*

■

Gas stovetops*

■ ■

MASTER BEDROOM ENSUITE DECK

2 Bedroom, 1098 Sq.ft.

NO HST/GST liveatsydney.ca

AL L C O RNW

GRANVILLE

4TH AVENUE

ARBUTUS

OFFICE

BEDROOM

*In select suites.

BROADWAY

2065 West 12th Ave, Vancouver | Open Sat to Sun, noon – 5pm or by appt. Call 778.892.7712 or email info@liveatsydney.ca THIS IS NOT AN OFFERING FOR SALE. ANY SUCH OFFERING MAY ONLY BE MADE WITH A DISCLOSURE STATEMENT. E&OE.

12TH AVENUE

dec 14, 2012 - jan 11, 2013 metro vancouver new Condo Guide 33

R IVE

KNIGHT ST

99 VANCOUVER INTERNATIONAL AIRPORT (YVR)

R DR

R i c h m o n d | D e lta | L a d n eDRr | T s a w w a s s e n

WESTMINSTER HWY

NO 6 RD

R IVE

CAMBIE RD

Richmond Hwy

CAMBIE RD

Westminster Hwy

ALDERBRIDGE WAY

LANSDOWNE PARK MALL

RICHMOND NATURE PARK

GRANVILLE AVE

RICHMOND CENTRE

GRANVILLE AVE

R DR

NO 6 RD

NO 5 RD

SHELL RD

CAMBIE RD

NO 4 RD

RICHMOND NATURE PARK

NO 3 RD

RU SS

LANSDOWNE PARK MALL

RICHMOND CENTRE

Richmond

BRIDGEPORT RD GRANT MCCONACHIE WAY ALDERBRIDGE WAY

GARDEN CITY RD

NO 3 RD

R IV ER

WESTMINSTER HWY

GRANVILLE AVE

NO 5 RD

CAMBIE RD

W AY

KE BA SS

SHELL RD

W AY

GARDEN CITY RD

VANCOUVER INTERNATIONAL AIRPORT (YVR)

BRIDGEPORT RD

A5 A4

GRANT MCCONACHIE WAY

KNIGHT ST

R IV ER

Richmond Hwy

Westminster Hwy

GRANVILLE AVE

BLUNDELL RD

RD Y WA

BOU N DARY BAY R EG IONAL PAR K

RD R VE RI

W AY

OV E

RO 47TH AD

A AVE

48TH AVE

Richmond

28TH AVE 56TH ST

28TH AVE

ENGLISH BLUFF RD

8511 Capstone Way (Captsone & #3Rd) 604.233.7748

53RD ST

A4. monet

A5. Omega

41ST B ST

A2. mandarin

10111 River Drive 604.231.5900

U R DR

A3. parc riviera

ARTH

A1. Saffron

No. 3 Road and Saba 604.233.1687

12TH AVE

56TH ST

6TH AVE

34 metro vancouver new Condo Guide dec 14, 2012 - jan 11, 2013

se rR 62ND B ST

B ST 53RD ST

EL RD O N

R IV

U R DR

113 ST

AC H

R IV

41ST B ST

CE M ETE RY

72 AVE

#180-8360 Granville Ave. 604.270.2482

48TH AVE

W RD

ARTH

RI VE R

N KSO

56 ST

53A ST

8A AVE SOUTH DE LTA PAR K

74 AVE

47TH A AVE

JAC

12 AVE

8A AVE

55 ST

53A ST

52 ST

75A AVE

12 AVE

119A ST

75 AVE 115 ST

d e lta

CHALM E R S PAR K

DE LTA NATU R E R E S E RVE

O YM RR

78B AVE

IC A

MONROE DR

116 ST

118 ST

112 ST

B EACH G ROVE GOLF C OU R S E

80 AVE

NT A

82 AVE

DEAS ISLAND REGIONAL PARK

G RAU E R PAR K

C OAST TSAW WAS S E N I N N

MACK I E PAR K

ENGLISH BLUFF RD

BL VD

SCOTT RD

NORDEL WAY

is Hw

c Anna

84 AVE

80 AVE

TSAW WAS S E N GOLF CLU B

I LT SH

AVE FINN 18 RD

ladner

RI VE R62ND RD

112 ST

NO 3 RD

S P LAS H D OW N PAR K

DEAS ISLAND REGIONAL PARK

FINN RD

tsaw wa s s e n

56 ST

90 AVE

NORTH DE LTA PAR K

NO 3 RD

52 ST

116 ST

MONCTON ST

Fr a

ER R IV

MONCTON ST

GARRY POINT PARK

96 AVE

GARRY POINT PARK

ive r

NO 6 RD

ive r se rR Steveston Hwy

Steveston Hwy Steveston Hwy

ER R IV

Fr a

Steveston Hwy

NO 5 RD

SOUTH ARM PARK

NO 4 RD

WILLIAMS RD

NO 5 RD

NO 3 RD

GILBERT RD

FRANCIS RD

NO 2 RD

RAILWAY AVE

SOUTH ARM PARK

NO 4 RD

NO 1 RD

WILLIAMS RD

NO 3 RD

GILBERT RD

RD FRANCIS FRANCIS RD

NO 2 RD

NO 1 RD

RAILWAY AVE

FRANCIS RD

NO 6 RD

BLUNDELL RD

4TH AVE

1ST AVE

RICHMOND/DELTA/LADNER/TSAWWASSEN

LIVE IN PERFECT BALANCE

DEC 14, 2012 - JAN 11, 2013 METRO VANCOUVER NEW CONDO GUIDE 35

condo profile

River Park Place The new luxury

// by Susan M Boyce

oming soon to Richmond’s dynamic, new Oval Village neighbourhood, River Park Place will be Intracorp’s first project launch of the new year. And that’s cause for celebration. This riverfront, master-planned community is designed to be pedestrian-friendly, connected and stylish — contemporary condominiums that define urban living and add a significant architectural landmark to the neighbourhood. Located at the entrance to the Oval Village shopping district, River Park Place’s Phase 1 Tower will be 15 storeys tall and will offer sophisticated, efficient homes in a spectacular setting. Features are, naturally, upscale — exactly what you’d expect from a developer with Intracorp’s long-standing involvement in Metro Vancouver’s residential development community. Combined with the City of Richmond’s commitment to building a vibrant urban hub filled with new restaurants, shops, galleries and boutiques, River Park Place is a response to the needs of savvy homebuyers looking for excellent value. Lifestyle Choice

Lifestyle is a key component of River Park Place, so make no mistake, this “New Luxury” is about

value, convenience and amenities. Residents will have access to a private banquet room for dinner parties and larger family gatherings, fitness centre, tai chi pavilion, media room, indoor basketball court, music room, plus a secured children’s play area and community garden plots — in other words, everything you need is close at hand. Being steps from the ever-popular riverside trail that takes you directly to the Canada Line or Steveston’s charming boutiques and boardwalk means evening strolls and early morning power walking just got a whole lot easier. Mind you, you could also choose to simply pop by the River Rock Casino for brunch or dinner and a show. The choices are diverse — just the way you live your life. All this in addition to a prime location just a few blocks away from a new T&T Supermarket, the state-of-the-art Richmond Oval fitness centre, and a diverse array of restaurants, shopping, and schools. Register Early

River Park Place’s initial tower will be located on the northeast corner of Gilbert and the new River Rd. extension in Richmond. One-bedroom homes start from $299,900, two-bedroom homes from $385,900, and 85 homes are priced under $350,000. Be sure to priority register early so you’re among the first to receive details about the sales centre grand opening schedule for early 2013. For more information visit riverparkplaceliving.ca or call 604.282.7838.

36 metro vancouver new Condo Guide dec 14, 2012 - jan 11, 2013

036 CP-River Park Place-JD.indd 36

12/11/12 4:44:23 PM

richmond/delta/ladner/tsawwassen

dec 14, 2012 - jan 11, 2013 metro vancouver new Condo Guide 37

Bu r naby | N e w We s tm i n s te r New Westminster

BARNET MARINE PARK

EYS TON

GA GL

SQUINT LAKE PARK

A14

ROYAL OAK AVE

WILLINGDON AVE

GILLEY AVE

R WA

NELSON AVE

QUEEN’S PARK

AY NW

E AV B5 L B3 YA RO B4

E ST

DUNCAN ST

E WAY YD BO

E AV

AY TW

BOUNDARY RD

1902 Rosser Ave. 604.294.3339

A4. Vantage

E AV

BRAID ST

E AV

H 8T

E AV

PATTERSON AVE

Agnes St & Elliot St 604.524.0888

ROYAL OAK AVE

BOUNDARY RD

688 Columbia Street 604.525.0223

E AV 8T

TH 10

University High Street 604.320.3386

T B2 6

SOUTHRIDGE DR

E AV H

A5. montage

Site Location Gamma Ave. & Hastings St. liveatburnabyheights.com

A2. highland house University Crescent & Highland Court 778.331.0348

B4. trapp & holbrook

H 8T

Site Location Madison Ave. & Hastings St. liveatburnabyheights.com

6th & Royal Ave. 604.525.8980

IMPERIAL ST

A1. madison

TH 10

1 AY W

IMPERIAL ST

E AV

WA Y

H 6T

A AD

D ST

A11

Burnaby

B3. dominion

BURNABY LAKE REGIONAL PARK

OAKL AN

MAR IN

LOUGHEED MALL

Belmont & 6th Ave 604.522.2583

DEER LAKE

DEER LAKE PARK

MARIN E WA Y

A3. lift

B5. elliot St

MAR IN E

AY IW

18 Begbie Street 604.523.0081

B2. viceroy

AUSTIN AVE

SE MARINE DR

AD AW AY

METROTOWN

Lougheed Hwy

SPROTT ST

CA N

KI N

CENTRAL PARK

ITY

N CA

49TH AVE

A GL GA

BROADWAY

E N IV

WA Y

BURNABY MOUNTAIN GOLF COURSE

BCIT

A16 A15 A2

B1. northbank

SFU

CLIFF AVE

BRENTWOOD MALL

UN IVE RSITY DR

SPERLING AVE

A13

HOLDOM AVE

WILLINGDON AVE

A10 A5

A1 HASTINGS ST

Barnet Hwy

NORTH RD CL

INL ET D

CONFEDERATION PARK

BURNABY MOUNTAIN PARK

A8. north parc

A13. aviara

A9. bloom

A14. Solo District

5655 Inman Ave. 604.889.7008

Sales Centre 618 Langside Ave. 604.939.8808

A6. station square

A10. firma

A7. Reflections

A11. s ilver

4600 Kingsway 604.438.1113

107 - 7090 Edmonds St. 604.525.8496

38 metro vancouver new Condo Guide dec 14, 2012 - jan 11, 2013

Aug.17 2012

7.625”x1.625”

Ledingham McAllister

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TO ADVERTISE CALL 604.519.6080 4 -WEEK ISSUE Dec 14, 2012 - Jan 11, 2013 Volume 20 Issue 25

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INSIDE THIS ISSUE

YEAR IN REVIEW: A LOOK BACK AT 2012

CANADA TO AVOID A U.S.-STYLE MELTDOWN

END OF YEAR TAX TIPS

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SHOULD YOU WORRY ABOUT A MARKET CORRECTION?

THE 2012 CONDO MARKET IN REVIEW

STRATA FEES: A MATTER OF PERSPECTIVE

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buyer profile

Burnaby Mountain High

Denny and Amanda find their Nest // by Susan M Boyce

t came down to two details: a cool, very different location plus a cool, very dynamic floorplan. So when, after a year of searching, Amanda and Denny discovered Nest in the heart of Burnaby’s UniverCity neighbourhood, they realized they’d just found their perfect home. “I’d been a student here five years ago, and I never dreamed I’d end up living here,” Denny says. “But after re-visiting and seeing everything that’s going on, we realized no one else we know lives in a place like this — which makes it very, very special.” “Being on the mountain is really like living in your own little community,” Amada says. “We love the European feel of having everything we need right outside — Nesters, lots of coffee shops, and access to all the SFU amenities, too. We’re planning to stay for quite a while, but when we do start a family and decide to get something bigger, this neighbourhood has so much potential it’s going to be a great investment for us to have bought this place now.”

Contemporary Design First-time homebuyers and newlyweds as well, Denny and Amanda chose a two-bedroom suite that’s almost 1,000 sq. ft. “It’s really cool to have an actual front entry,” Amanda says. “We saw a lot of places while we were looking, but hardly any had a real front entryway.” The couple were also enamoured with their off-the-kitchen nook— a feature they decided to turn into a bar and display for their treasured whiskey collection. Having everything brand new was yet another enticement. “For a while we considered resale properties, but they all need far more work than we were prepared to tackle,” Amanda says. “At Nest, we didn’t need to upgrade anything — it was all done.” However, she quickly admits both she and Denny are “into decorating.” So one of the first things they did after moving in was paint and wallpaper. “We also created a feature wall of synthetic brick — which makes the living room look really neat.” Best Friends and Family And there’s one delightful, final twist to Amanda and Denny’s story. “My twin brother and his girlfriend were with us when we came to see Nest, and they ended up buying an identical suite right below us,” Denny says. Amanda laughs. “They are so definitely twins,” she says. “But honestly, it’s kind of like having your best friends living right below. Really fun.” Nest is located on University High St. at SFU. For more information about MOSAIC developments, visit mosaichomes.com.

40 metro vancouver new Condo Guide dec 14, 2012 - jan 11, 2013

040 Buyer Profile _ Denny and Amanda at Nest-JD.indd 40

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IT’S NOT TOO LATE TO... DISCOVER BC’s BUILDERS, DEVELOPERS AND COMMUNITIES - ONE STORY AT A TIME

2012 BUILDER & DEVELOPER

BC’s Builders, Developers and Communities – One Story at a Time

Discover Metro Vancouver’s

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If you missed picking up this year’s issue, call 604.519.6080 or email homes@wall2wallmedia.com to receive your FREE copy!

Advice on buying a new home or condo Mortgage and financing tips and much more

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LV D KW AY B

UB T EA PLA

COAST MERIDIAN RD

RIDGE PARK

ET R

WA Y

Barnet Hwy

ST JOHNS ST

VICTORIA DR

A3 LINCOLN AVE

COQUITLAM CENTRE

DEWDNEY TRUN K RD PRAIRIE AVE R

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A1. EMERSON

A3. GRAND CENTRAL 3

A5. EASTON

A2. AUSTIN

A4. BLOOM

A6. BLUETREE HOMES AT MACKIN PARK

Clarke Rd. & Como Lake 604.936.9300 Unit J 101 Austin Ave. 604.931.0302

123RD AVE

DEWDNEY TRUNK RD

HAMMOND RD HARRIS RD

NORTH RD

COMO LAKE AVE

216TH ST

PIONEER MEMORIAL PARK

INLET PARK

LA NS BL VD DOW

210TH ST

TA IN

2929 Atlantic Ave. 604-936-1888 Sales Centre 618 Langside Ave. 604.939.8808

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www.yoursignature.ca • 604-802-4454 42 METRO VANCOUVER NEW CONDO GUIDE DEC 14, 2012 - JAN 11, 2013

207TH ST

ROCKY POINT PARK

R TO IC

203RD ST

w H

SHORELINE PARK

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COQUITLAM | PORT COQUITLAM | PORT MOODY | PITT MEADOWS

R IVE

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OR CT

CEDAR DR

VICTORIA DR

DOMINION AVE

224TH ST

DEWDNEY TRUNK RD

210TH ST

DEWDNEY TRUNK RD

216TH ST

y M EADOW GARDENS

124TH AVE

DEWDNEY TRUNK RD

1 240TH ST

PITT M EADOWS

S BONSON RD

207TH ST

AIRPORT

R IVE

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248TH ST

232RD ST

DEWDNEY TRUNK RD

HAMMOND RD

228TH ST

224TH ST

227TH ST

123RD AVE 203RD ST

FORD RD

HARRIS RD

GOLF COURSE

HARRIS RD

AVE

D E R BY R EACH R E G I O N A L PA R K

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WAY

110TH AVE 108TH AVE GOLDEN EARS BRIDGE

104TH AVE

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240TH ST

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Pitt Meadows | Maple Ridge

102TH AVE

MAPLE RIDGE 1. falcon centre 11862 226th Street 604.477.1500

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dec 14, 2012 - jan 11, 2013 metro vancouver new Condo Guide 45

Pitt Meadows/Maple Ridge

46 metro vancouver new Condo Guide dec 14, 2012 - jan 11, 2013

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MARKETED BY Terry Passley & Associates 604-467-9300

DEC 14, 2012 - JAN 11, 2013 METRO VANCOUVER NEW CONDO GUIDE 47

Condo SenSe

// By CaMeron MCneill

take adVantage of thiS BuyerS’ Market

n the last issue, I focused on looking ahead to 2013 and discussing what the market will do. In my circles, we are all discussing and expecting a stable market with no major swings, up or down. Prices will stay steady, inching upwards, and our buyers’ market should continue into next year. That means if you are planning to use this opportunity as a buyer to find a great home at a good price then there are a few things you should be thinking about.

Cameron McNeill is the owner of MAC Marketing Solutions, one of B.C.’s and Alberta’s leading real estate sales and marketing firms. Cameron also co-founded TAC Real Estate, a resale firm, and MPC Intelligence, a real estate market-research firm. Together with his experienced and dedicated team of sales, marketing and administration professionals, he has transacted more than 14,000 new homes and $5 billion in sales. Email him at cm@macmarketingsolutions.com or follow him on Twitter @mac_marketing

1. look at your finanCeS. Take a look at your current financial situation. Whether upgrading or downsizing, be realistic about how much you want to spend, what your monthly tolerance is, what else you spend your money on and if you will need to adjust your spending habits based on this purchase. Where can you be pulling money from or putting extra cash? Make sure you have a good understanding of your personal situation first! 2. SPeak to your finanCial inStitution – get aPProVed. Once you have

a clear understanding of where you are, speak to your financial institution. This ensures you haven’t forgotten anything when looking at your own situation and it allows you to get approved so that you know what you will be given by the bank. Mortgage rules have undergone several changes in the past 18 months so it’s important to understand how this will affect what you can afford. By getting approved it will also give you confidence when putting in an offer to purchase because you know you can get financing. 3. work with a realtor. Working with a great Realtor can be very

beneficial. Work with a Realtor who you trust or perhaps has been referred to you by someone you trust. If you are looking in a certain neighbourhood it may be best to find a Realtor who does a great deal of work in that area. That means they will know the history of some of the buildings or offerings, know the other Realtors and salespeople, know what questions need to be asked and if there are any special circumstances. For instance, a Realtor in a certain area may know what strata councils are extremely proactive or whether another building is planned to go in front of that amazing view. Realtors also have access to other professionals you may need such as inspectors, lawyers, mortgage brokers, etc. A Realtor will be able to negotiate on your behalf and help you understand cost implications such as property transfer taxes, HST/ GST and maintenance fees – things that would take quite a bit of research if you were working without one. 48 Metro VanCouVer new Condo guide DEC 14, 2012 - JAN 11, 2013

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Buying pre-sale now will allow you time to sell your home or ask for a longer close; there is no reason why you can’t still be out in the market making an offer if you find something great. 4. know what you are looking for. Make sure you

have a realistic understanding of the features that are “must haves” and those that are “nice to have.” It’s easy to make a long list of things we would like to have, but often our budget does not align with this list. It’s best to identify the top items you must have and keep it to as few as possible so that you can focus on those things and add the “nice to haves” as you look at specific properties. 5. get out there and look.

Start looking by going to open houses or presentation centres, working with a Realtor and exploring your options. For most of us, once we start looking we tend to get a more accurate perspective which helps to adjust the “must have” list and allows us to know when we have found “the one.” If you need to sell your property in order to purchase, you can still look in the market. Buying pre-sale now will allow you time to sell your home or ask for a longer close; there is no reason why you can’t still be out in the market making an offer if you find something great. Again, work with a good Realtor who can help you through this process. Get prepped and be ready to take advantage of this buyers’ market. 49

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A3. the prescott

210 - W13th Street 604.988.3020

50 metro vancouver new Condo Guide dec 14, 2012 - jan 11, 2013

ERR 135 W2ndCHSt. Y DR 604.929.8870

MT SEYMOUR PKYA8

A7. orizon

A4. kimpton

A5 A7

A2. remix

13th & Lonsdale 604.969.3333

EY LL VA

KEITH RD W A3

A6. 700 marine

#103 - 735 West 15th St 604.924.4488

FINCH DR

A1. Local on Lonsdale W 17th Street and Lonsdale 604.998.0219

LOGGERS LN

QU E E NS WAY

BRENNAN PA R K

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A2 A6

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North Shore

CENTENNIAL WAY

MAGEE ST

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1a MARINE DR

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TH B

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DEMPSAY RD

SD AL EA VE

LIGHTHOUSE PARK

DALE R D

LO N

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CAPILANO RIVER REGIONAL PARK

PERTH DR

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STE VE N S

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TANTALUS RD

CYPRESS FALLS PARK

15TH ST

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LYNN HEADWATERS REGIONAL PARK

21ST ST

CYPRESS

25TH ST

RUN

CYPRESS BOWL RD

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North Shore

701 W14th Street 604.984.0700

onsdale & Third Ave L 604.638.6240 nit 118 3650 U Mount Seymour Pky 604.800.2120

rton

Dolla

Hwy

NORTH SHORE/SQUAMISH/WHISTLER

PRE-CONSTRUCTION PRICING AVAILABLE FOR LIMITED TIME ONLY!

ITH

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FORBES AVE

THE BEST OF WEST COAST MODERN 5T

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Buy now to take advantage of our great pre-construction prices:

(to take in the mountain and sea views), ORIZON is a once-in-a-neighbourhood opportunity.

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AV E

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604.638.6240 ORIZONonTHIRD.com Contact sales team for details. Price ranges, completion date and strata fees are subject to change without notice. All Living areas quoted are in square feet. All square footage and dimensions shown are approximate and should not be relied upon. The developer reserves the right to make changes and modifications. Pictures, drawings and digital renderings are for illustrative purposes only and should not be relied upon. E. & O.E.

Intracorp Third Street Limited Partnership Sales and Marketing by Intracorp Realty Ltd.

dec 14, 2012 - jan 11, 2013 metro vancouver new Condo Guide 51

CONDO PROFILE

LOCAL ON LONSDALE Big views, spacious suites // BY SUSAN M BOYCE

he construction elevator gives a gentle creak, then slides smoothly to a halt. Under the watchful eye of Construction Manager Woody O’Neill, our group of nine — each of us sporting a snazzy, white hard hat — step onto Local on Lonsdale’s 15th floor. There’s a split second of silence, then a collective “Ahhhhh.”

and Greg Zayadi, sales and marketing director with Anthem Properties, have one more stop on our tour — the seventh floor podium garden. “This will eventually be the 8,200-sq.-ft. outdoor amenities with paths, garden plots, and seating,” Greg explains. “In addition to being like a private park, it’s going to be fantastic watching the fireworks or summer sunsets.”

AWE INSPIRING VIEWS

We’re here for a specially arranged, sneak peak preview — a rare opportunity to see behind the walls of a residential tower that will ultimately soar five additional storeys above the one we’re standing on. But it’s the views that have immediately taken our breath away. “Can’t you just imagine how beautiful all this will be at night?” says one woman, apparently unable to decide between the western panorama of the Lions Gate Bridge spanning from West Vancouver to Stanley Park or east where the Vancouver cityscape morphs into the towers of Metrotown and HighGate in the distance. One of the men has stopped, apparently transfi xed, in what will be the kitchen of a north-facing, two-bedroom home. “Wow,” he murmurs. Then, more loudly so we can all hear, “Look.” He points to where two mountain slopes create a perfect frame for the already snow-capped peaks of The Lions. “That’s what the views are all about for me.” Before we head back to the presentation centre, Woody

LIVE THE DREAM

“Seeing the dream becoming a reality is what makes this such an exciting time,” Greg says. “We’re ahead of schedule in construction, we’ve confirmed a 42,000-sq.-ft., high-end boutique grocery store will be opening in our new retail space early next summer, and the reaction we’re getting is amazing. We have everything from young, first-time buyers to retirees wanting to downsize, to people buying a second home. But what they all have in common, is that they all love this neighbourhood’s active, connected lifestyle… and, of course, the views.” The Local on Lonsdale presentation centre is open noon to 5 p.m. daily (or by appointment anytime) except Fridays at 1709 Lonsdale in North Vancouver. Prices start in the low $300s, with everything from one-bedroom to two-bedroom and den available. For more information, visit localonlonsdale.com or call 604.998.0219.

52 METRO VANCOUVER NEW CONDO GUIDE DEC 14, 2012 - JAN 11, 2013

052 CP Local on Lonsdale-JD.indd 52

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NORTH SHORE/SQUAMISH/WHISTLER

EXCEPTIONAL GRAND OPENING PRICING HELD OVER! 60 apartment homes sit high above a vibrant social hub. Outdoor adventure is at your front door, with everyday essentials conveniently accessible by foot or bike. One bed and den from the high 200’s*, two beds from the mid 300’s*. PRESENTATION CENTRE 103 – 735 WEST 15TH STREET, NORTH VANCOUVER | 604.924.4488 VISIT ADERA.COM CHECK US OUT ON TWITTER & FACEBOOK * LIMITATIONS APPLY. THIS IS NOT AN OFFERING FOR SALE. SALES BY DISCLOSURE STATEMENT ONLY. E&OE. SEVEN30 ADERA PROJECTS LTD. ADERA REALTY CORP. 2200 – 1055 DUNSMUIR ST., VANCOUVER V7X 1K8 | 604.684.8277

DEC 14, 2012 - JAN 11, 2013 METRO VANCOUVER NEW CONDO GUIDE 53

tHe mortGaGe minute

What’s all the fuss about a

// BY Peter kincH

‘ market correction’?

Peter Kinch is an award-winning mortgage broker and best-selling author of The Canadian Real Estate Action Plan Visit peterkinch.com or contact him at peter@peterkinch.com

Every time there is talk about a market correction in Canadian real estate, the tone is quite negative. But let’s take a closer look at that situation: rather than argue about whether we may have a market correction, let’s analyze what i really means to Canadians if there is one.

ick up any newspaper today and no one could blame you if you get a little worried about the state of the economy or the fear of a pending market correction in Canadian real estate. What if Greece defaults? What about the Fiscal Cliff in the U.S.? Are Canadians taking on too much debt? Have mortgage rules gone too far? Is there a housing bubble about to burst? What if there is a market correction? The real question is, do Canadian homeowners or prospective buyers need to be concerned? Every time there is talk about a market correction in Canadian real estate, the tone is quite negative. But let’s take a closer look at that situation: rather than argue about whether we may have a market correction, let’s analyze what it really means to Canadians if there is one. First-time homebuyers If you’re a first-time homebuyer, you have likely felt the pinch of the rising cost of housing, and the new mortgage rules certainly haven’t helped any either. So a slight market correction would be welcome news; you can still get into homeownership with only five per cent down, but since your maximum amortization is now limited to only 25 years, a drop in pricing is exactly what you’ll need to be able to get into this market. ConClusion: A market correction is a good thing for you. current homeowner buying or selling – moving up or downsizing It is very rare that someone buys something without selling something first, and vice versa. If you are a homeowner and you’re looking for the right time to sell your house so you can buy another, you may be concerned that the price of your current

54 metro vancouver new condo Guide dec 14, 2012 - jan 11, 2013

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home is dropping. But let’s take a closer look at that: assume the value of the house you are selling drops by 10 per cent. Let’s also assume that you plan to buy another home (whether upsizing or downsizing). The key to remember in a downturn market is that the person selling their home to you is going through the exact same thing. In other words, if the value of your home dropped 10 per cent, so too did the value of the new home you are buying. Focus on what your bottom line “net” is, rather than what you thought or had hoped to sell your home for. Conclusion: In most cases, the net effect of a market correction is zero. Real estate investor or second home buyer If you are buying real estate as an investment either for cash flow or as a second home, then this is the perfect market condition for you. When there are more sellers than buyers, you have more bargaining power. If you are able to negotiate a better deal and pay a little less for the property you are looking for, it simply makes the deal that much more affordable. Conclusion: You should be hoping for a market correction.

Over the last decade, a significant amount of the net worth of Canadians has been tied up in their home equity, and this has provided the foundation for a lot of retirement plans – so there is obvious concern.

Current homeowner with no plans to sell The majority of Canadians fall into this category, and let’s be honest – the single biggest reason we worry about a housing correction is the fear that it will erode our home equity and net worth. Over the last decade, a significant amount of the net worth of Canadians has been tied up in their home equity, and this has provided the foundation for a lot of retirement plans – so there is obvious concern. But should there be? Again, let’s look at the facts. For the majority of Canadians, the plan is to stay in their current house for at least the next three to five years. So here’s a simple fact: equity is only gained or lost the day you sell. In other words, if the value of your house were to drop by 10 per cent tomorrow, you may feel anxiety over the drop in your net worth – but it would only be on paper unless you actually sold your house tomorrow. If you have no intention of selling soon and you can still afford your monthly payments, then all you need to do is sit and wait and go about your normal life until the market bounces back – which it has always done for the past 100 years. Conclusion: A market correction may very well have zero impact on you. In the end, the headlines will continue to talk of impending market corrections. The key for you is to decipher one of three things: 1. Is this a real concern for you? 2. Is this an opportunity? Or, 3. Are you just getting worked up about nothing? Bottom line: a lot of people will fret about this topic over the water cooler tomorrow morning – but the majority of them really don’t need to. dec 14, 2012 - jan 11, 2013 metro vancouver new Condo Guide 55

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12/11/12 3:39:23 PM

METRO VANCOUVER EDITION | FREE

NOVEMBER 2012 - JANUARY 2013 VOLUME 11 ISSUE 06

YANIC SIMARD’S

NYC HOME AWAY

VANCOUVER’S EXCITING FREE MONTHLY HOME DESIGN MAGAZINE Featuring the newest products and hottest design trends for your home, inside and out.

604.519.6080

FROM HOME

JDL HOMES Vancouver: RENOVATE ONCE AND DO IT RIGHT THE FIRST TIME

DRESS UP YOUR HOME FOR THE

HOLIDAYS

NOV-JAN ISSUE on stands now!

homebuyersâ&#x20AC;&#x2122; help

condo buyersâ&#x20AC;&#x2122;

resource section

You love the condo, see what you can afford! Calculate your mortgage payments using the mortgage payment calculation chart

dec 14, 2012 - jan 11, 2013 metro vancouver new Condo Guide 57

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homebuyers’ help

Calculate your mortgage payments interest rate

amortization period

chart figure

mortgage amount ÷ 1,000

monthly payment

example: 5%

25 years

5.82

125 (mortgage amount $125,000)

Follow these steps to see if you’ll qualify for a mortgage on your dream condo 01 Calculate the combined monthly before-tax income of you and your spouse. 02 Divide by three. This figure is the monthly payment you can afford to make on your condo. 03 Take the total price of the condo and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.

04 Refer to the chart on the opposite page. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most first-time buyers take the 25-year amortization.) 05 Multiply this figure by the amount you need to borrow. Divide by 1,000.

06 Add to this your estimated monthly heating costs and monthly property taxes. 07 If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream condo.

Bear in mind that this is a rough estimate. If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice and get pre-qualified.

58 metro vancouver new Condo Guide dec 14, 2012 - jan 11, 2013

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Mortgage payment calculation chart

amortization periods

Interest Rates

10 years

15 years

20 years

25 years

3.00%

9.65

6.90

5.54

4.73

3.25%

9.76

7.02

5.66

4.86

3.50%

9.88

7.14

5.79

4.99

3.75%

9.99

7.26

5.91

5.13

4.00%

10.11

7.38

6.04

5.26

4.25%

10.23

7.50

6.17

5.40

4.50%

10.34

7.63

6.30

5.53

4.75%

10.46

7.75

6.44

5.67

5.00%

10.58

7.88

6.57

5.82

5.25%

10.70

8.01

6.74

5.96

5.50%

10.82

8.14

6.85

6.10

5.75%

10.94

8.27

6.98

6.25

6.00%

11.07

8.40

7.12

6.40

6.25%

11.19

8.53

7.26

6.55

6.50%

11.31

8.66

7.41

6.70

6.75%

11.43

8.80

7.55

6.85

7.00%

11.56

8.93

7.69

7.00

7.25%

11.68

9.07

7.84

7.16

7.50%

11.81

9.21

7.99

7.32

7.75%

11.94

9.34

8.14

7.47

8.00%

12.06

9.48

8.28

7.63

8.25%

12.19

9.62

8.44

7.79

8.50%

12.32

9.76

8.59

7.95

8.75%

12.45

9.90

8.74

8.12

9.00%

12.58

10.05

8.86

8.28

9.25%

12.71

10.19

9.05

8.45

9.50%

12.84

10.33

9.20

8.62

9.75%

12.97

10.48

9.36

8.78

10.00%

13.10

10.63

9.52

8.95

10.25%

13.24

10.77

9.68

9.12

10.50%

13.37

10.92

9.84

9.29

10.75%

13.50

11.06

10.00

9.46

11.00%

13.64

11.22

10.16

9.63

11.25%

13.77

11.36

10.32

9.80

11.50%

13.91

11.52

10.49

9.97

11.75%

14.04

11.66

10.65

10.15

12.00%

14.18

11.82

10.81

10.32

12.25%

14.32

11.97

10.98

10.49

12.50%

14.46

12.13

11.15

10.67

12.75%

14.59

12.28

11.31

10.85

This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 dec 14, 2012 - jan 11, 2013 metro vancouver new Condo Guide 59

057-059 HomebuyersResource-JD.indd 59

12/11/12 3:39:27 PM

BRITISH COLUMBIA’S

neW conDo DeVeLoPMentS Proj ect

tYPe

c o n ta c t

Price

Proj ect

LR LR LR HR LR

604.854.1201 604.746.3496 604.557.1047 604.746.1551 604.850.3694

Call From $169,900 From $98,600 Call From $179,900

604.453.5893 604.456.8883 604.291.9130 604.568.8270 604.299.3443 778.331.0348 604.288.7394 604.320.3386 liveatburnabyheights.com 604.435.9477 604.435.9477 604.435.8866 604.871.4256 liveatburnabyheights.com 604.889.7008 604.431.6033 604.320.3386 604.437.0100 604.294.4995 604.525.8496 604.435.8866 604.298.8800 604.899.8800 604.218.3338 604.294.3339 veniceliving.ca 604.970.9606

Call From Mid $200’s Call From $379,900 Call From $209,900 Coming Soon Call Coming Soon Call Call From $495,900 From $335,900 Coming Soon From $293,900 Call From $449,900 From $239,900 Call Call From Low $300’s From $249,900 From $279,900 From $249,900 Call Coming Soon From $259,900

LR SF/LR/TH LR

1.888.419.7425 604.824.5062 1.800.830.7175

From $125,900 Call From $184,900

HR HR LR/TH

604.472.1123 604.931.0302 604.939.8808

Call From Low $200’s From $272,900

aBBotSForD

Abacus Uptown Brooklyn Lift Mahogany at Mill Lake Waterleaf BUrnaBY

Affinity Altitude Aviara Cassia Firma Highland House Kabana Lift Madison Metro One Metro Two Metroplace Moda Montage North Parc OakTerra Origin Panacasa Perspectives Reflections Silver Solo District The Met Trio Vantage Venice Vibe

HR HR HR LR/TH LR MR LR LR/TH LR LR LR HR HR LR LR LR LR LR/TH HR HR HR HR HR LR HR LR LR

cHiLLiWacK / SarDiS

Ameera Garrison Crossing La Cason coQUitLaM

1123 Westwood Austin Bloom

Penthouse (PH)

Real Estate Sales & Marketing From the ground up

Live Work (LW)

city Home (cH)

Cascade Celadon Easton Emerson Evergreen Grand Central 1 Grand Central 2 Hazel MThree Maya Mackin Park Oasis Tamarack Thomas House

tYPe

c o n ta c t

Price

MR HR LR LR HR HR HR LR HR LR LR HR LR LR

604.472.0009 604.552.7744 604.936.2012 604.936.9300 604.942.2672 604.618.8980 604.936.1888 778.829.1500 604.472.9555 604.288.9888 604.939.8874 604.464.2701 604.552.3003 604.552.1113

Call Coming Soon From Low $200’s Call Call From $419,900 From $309,900 From $220,500 incl. HST Coming Soon From Mid $200’s From $199,900 Call Coming Soon From $299,900

LR LR

778.565.3879 604.590.8003

From $189,900 From $199,900

LR LR LR LR TH/LR LR LR LR LR LR LR

604.882.8857 604.530.7011 604.534.6000 604.533.7718 604.568.3385 604.510.6500 604.635.0643 604.514.1530 604.539.2200 604.888.2793 yorksoncreek.com

From $137,500 From $194,900 From $188,900 From $159,900 net HST incl. Coming Soon Call Call From $224,900 From $149,900 From $279,900 From $179,900

LR LR LR LR LR

604.463.0588 edgeonedge.com 604.477.1500 604.467.8884 604.506.5840

From $139,900 Coming Soon Call Coming Soon Call

HR LR HR

604.377.9630 604.694.1188 604.523.0733 ledmac.com/dominion 604.520.9890

Call Coming Soon Call Coming Soon From $218,900 new HST incl.

nortH DeLta

Atria Luxor LanGLeY

Athenry Gate Bearing Pointe Cornerstone Elements Focus Murray’s Walk Serenade Suede Varsity Village at Bedford Landing, The Yorkson Creek MaPLe riDGe

223 North Edge on Edge Falcon Centre Parc Vue Urban Green neW WeStMinSter

258 on Sixth Brewery District Carlyle at Victoria Hill Dominion Duo at Port Royal High rise (Hr)

Mid rise (Mr)

LR Low rise (Lr)

Loft (Lo)

Representing the best in New Home Sales across the Lower Mainland from Townhomes to Condos. Homes starting in the $150’s

FIFTHAVE.CA 60 metro vancouver new condo Guide dec 14, 2012 - jan 11, 2013

HST

ST incl.

The listings included on the following pages are meant to offer a comprehensive overview of those new home developments currently being marketed throughout Greater Vancouver and the Fraser Valley. Pricing is subject to change; you should contact the specific development for current details or special promotions. To report any changes or corrections to this information, please contact our office at 604.519.6080, fax 604.519.6088, or email homes@wall2wallmedia.com P r o j e c t T Y P E

Elliot St Grove, The Marinus @ Plaza 88 Northbank Parkside Red Boat at Port Royal Regatta at Port Royal Shift Viceroy

HR LR HR HR HR DP LR LR HR

c o n ta c t

PricE

P r o j e c t T Y P E

604.524.8080 604.523.0733 604.519.9188 604.523.0081 604.523.0733 604.520.9890 604.520.9890 778.397.2283 604.522.2583

From $159,900 Call Call From $261,900 Call From $457,900 From $390,900 From Low $200’s From $289,900

15 West HR 604.980.9949 221 East 3rd LR 700 Marine Drive LR/LW 604.984.0700 Atrium at the Pier MR/TH 604.983.9065 Capstone MR 604.929.8870 Destiny 2 at Raven Woods LR 604.929.1915 Drive, The LR 604.986.8138 Gateway on Marine LR 604.889.4551 Kimpton, The LR 604.988.3020 Landing, The MR 604.983.9065 Local on Lonsdale hr/LR/th 604.998.0219 Maplewood North LR 604.727.1594 Orizon LR 604.638.6240 Pinnacle Residences at the Pier MR 604.983.9065 Prescott, The HR 604.969.3333 Remix LR 604.924.8885 Versatile Building, The LR 604.924.5595

Call Coming Soon From $299,000 Call From $324,900 From $289,900 Call Call From $359,900 Call From $309,900 From $378,900 Call Call From Mid $200’s Call From Low $300’s

NORTH VANCOUVER

PITT MEADOWS

Cedar Downs Solaris at Meadows Gate Liv42

LR HR LR

PORT COQUITLAM Avanti LR Burleigh Walk LR Carmandy LR Residences on Shaughnessy, The LR Shaughnessy, The HR South Verde LR Valorie on the Park LR

778.846.3200 604.460.8998 604.460.6601

Call Call From $134,900

604.468.2707 604.464.5856 604.435.9477 604.468.0010 604.468.8252 604.468.8252 604.464.4764

Call From low $200’s From $209,900 From $199,900 Call Call From $175,000

PORT MOODY

Residences, The

604.552.0552 Penthouse (PH)

Call Live Work (LW)

City Home (CH)

c o n ta c t

PricE

RICHMOND

Alexandra Gate Altis Bravo Camber Cambridge Park Centro Concord Gardens Emerald Gardens, The Mandarin Mayfair Place Monet Nova Omega Opal at Richmond Centre Ora Parc Riviera Remy Riva River Park Place Quintet River Green River Inlet Saffron Southpointe Cove

LR LR HR LR/HR LR HR/TH HR HR/TH LR MR LR HR HR LR HR HR LR/TH LR LR HR HR MR/TH MR/TH LR LR

604.283.2104 604-231-0588 778-297-6222 604.276.0677 778.297.7511 604.270.8305 604.233.7748 604.244.8333 604.271.3331 604.233.1687 604.278.5809 604.233.7748 604.278.8883 604.233.7748 604.303.7575 604.278.8838 604.231.5900 604.279.8866 604.278.8838 riverparkplaceliving.ca 604.247.8885 604.233.2633 604.233.2633 604.270.2482 604.821.1333

From $188,800 From $298,800 From $298,800 Call From $259,900 From $389,900 Coming Soon From $288,000 From $239,800 From $299,900 From $319,900 From $288,900 From $299,900 From $279,900 From $464,900 Call From the $200’s From $211,900 Call From $299,900 Call Call Call Call Call

1.888.385.3295

From $199,900

TH/LR TH LR

1.877.344.5566 604.898.2232 1.888.852.7575

From $239,000 Coming Soon Call

HR LR LR LR HR LR LR LR LR

3civicplaza.ca 604.596.2202 778.565.3879 604.395.3080 604.580.4199 778.395.1886 778.395.7704 604.760.6500 604.584.1172

coming soon From $170’s From $189,900 From $169,900 From $186,900 From $118,800 Call From $179,900 From $235,900

SUNSHINE COAST

Viewpoint Residences

SQUAMISH / WHISTLER

Aqua Elaho University Heights SURREY

3 Civic Plaza Ascend Atria Brookland, The Citypoint Connect Edge Emerald Heights Ethical Gardens High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

Loft (LO)

dec 14, 2012 - jan 11, 2013 metro vancouver new Condo Guide 61

P r o j e c t T Y P E

c o n ta c t

G3 Residences LR 604.453.6688 Latis LR 604.575.0669 Latitude LR 604.596.5075 Lumina LR 604.760.7672 Monterosso LR 604.596.8828 Parc Avenue HR 604.233.7748 Park Central LR 604.817.5852 Park Place HR 604.583.9866 Quattro LR 604.581.8000 Ultra at Urban Village HR 604.588.6999 Verve LR 604.588.3783 Wave, The HR 604.951.9283 CLOVERDALE Latis LR 604.575.0669 Salix LR 604.530.0054 Sunset Grove Apartments LR 604.532.7711 Waterstone LR 604.530.5399

PricE

P r o j e c t T Y P E

Call From $194,900 From $264,900 From $249,900 incl. Net HST From $249,900 Coming Soon From $269,900 From $289,900 From $199,900 Call From $160’s Call From $194,900 From $229,900 From $219,900 From $219,900

VANCOUVER & AREA DOWNTOWN

540 Beatty 999 Seymour Alexandra Central Erickson Fairmont Pacific Rim Estates Jameson House Keefer Keefer Block Laguna Living Shangri.La Maddox Mark, The Modern One Pacific Ritz, The Rolston, The Sapphire, The Three Harbour Green

LR 604.684.5403 MR 604.879.9996 HR 604.899.8800 HR 604.687.4353 HR 604.899.8880 HR 604.781.4303 HR 604.339.0707 LR 604.408.2580 LR 604.682.8813 HR 604.682.5300 HR 604.605.8833 HR HR 604.687.4353 HR amacon.com HR 604.899.8800 HR 604.876.9222 HR 604.688.8927 HR 604.876.9222 TH/HR 604.683.3388

From $869,000 Call From $839,900 Call From $2,499,000 Call Call From $1,600,900 From $249,900 From $900,000 Call Coming Soon Call From $300’s Coming Soon From $829,900 Call From $699,900 Call

LR HR LR LR HR LR LR LR LR HR

604.251.2522 604.682.8801 604.330.8838 604.325.0192 604.872.2672 604.688.5527 604.877.1116 604.638.9222 604.253.8888 604.436.1100 Penthouse (PH)

LR HR

604.899.8800 604.874.9232

PricE

From $276,800 From $349,000

WEST SIDE

700 West 8th HR 5555 Dunbar LR 6 & Fir HR Academy HR Bayswater LR Cambie & 7th HR/TH Collection 45 LR Elizabeth LR Exchange LR James MR Kits360 LR Maynards Block, The LR MC2 HR Meccanica HR Opsal HR Pinnacle Living Broadway MR Pinnacle Living False Creek MR Prelude MR Radius Riley, The LR Sail LR Sixth and Willow Sydney HR The Village on False Creek HR Westerly, The LR Yu MR

604.714.2213 604.568.7551 604.899.8858 604.228.8895 604.739.8880 604.568.5060 604.569.1555 604.877.1722 604.716.0483 604.675.1000 604.737.0360 604.893.8378 604.638.9998 604.876.8819 604.876.7332 604.739.2080 604.874.8368 604.616.7008 ledmac.com/radius 604.616.7008 604.221.8878 sixthandwillow.com 604.733.6688 604.733.2010 604.558.3399 604.827.3488

From $819,900 Call From $449,900 From $498,000 Call Call Call Call Call From $424,900 From $299,900 From $262,900 From $259,000 From $324,900 Call From $429,900 From $369,900 Call Coming Soon From $384,000 Call Coming Soon From $469,900 Call From $300,000’s From $452,400

tsawwassen

Solei Terrace Tsawwassen Springs

LR SF/LR

604.644.2099 604.948.HOME

Call Call

604.922.0330 604.836.7355

Call From $490,000

604.531.6659 604.531.9030 604.535.9655 604.908.2352 604.536.1663 604.535.1451 778.545.8737 604.542.8700 604.582.1336 604.538.3237

Coming Soon From $339,900 From $229,900 Coming Soon Call From $259,000 Call From $637,900 From $234,900 Call

WEST VANCOUVER

Evelyn Galleries on the Bay

LR LR

WHITE ROCK / SOUTH SURREY

EAST SIDE

Alba Block One Charm Cedar 54 Lido Local Main Street Majestic On Main Sesame Skyway

Uptown Wall Centre Central Park

c o n ta c t

From $327,000 Call From $266,900 Call From $458,900 From $349,900 Coming Soon From $339,900 From $259,900 Call Live Work (LW)

City Home (CH)

Adagio Avra Edgewater Europa Gemini Headwaters Heights, The Miramar Morgan Crossing Sausalito High Rise (HR)

Mid Rise (MR)

LR HR LR LR LR LR LR HR LR LR Low Rise (LR)

Loft (LO)

New homes available throughout

www.macmarketingsolutions.com Metro Vancouver & Calgary We sell the homes you want to buy. /MacMarketingSolutions 62 metro vancouver new Condo Guide dec 14, 2012 - jan 11, 2013

@MAC_Marketing

/MACMSTube

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LOOKING FOR THE PERFECT NEW HOME OR THE NEXT SMART REAL ESTATE INVESTMENT?

MACMarketingSolutions.com is your guide to the most exciting new home communities brought to you by industry-leading developers.

MThreeBlock Keefer Located on the Coquitlam’s Tallest corner Tower of Main is coming and Keefer soon!Street in historic Chinatown, a Cressey, new community emerges Introducing MThree by the third and that combines the best of modern design with final tower in the celebrated Metropolitan urban convenience. Ideally situated close to the Residences in Coquitlam Town Centre. With transit, the Line seawall, Downtown Vancouver, and Evergreen already under construction, restaurants, The Keefer excellent MThree is located in theBlock heartoffers of exciting change cultural and neighbourhood amenities. Homes and is set to become the definitive community feature spectacular Italian designed kitchens and in Coquitlam’s transformation. Soaring 48 levels bathrooms, wide plank engineered fl ooring, high, MThree is topped by The Summit Club, custom millwork and peace of mind knowing that over 9,000 square feet of recreation, relaxation your home was views. built by award-winning Solterra. and panoramic 1, 2 & 3 Bedroom Flats from 450 sf to 1,012 sf Coming Soon! Starting from $249,900

QUICK FACTS Each ■ 48 Keefer levels high, BlockMThree home isisdesigned Coquitlam’s withtallest the tower modern urbanite in mind: ■ Each home is designed around the famous ■

Just a 5 minute drive, CresseyKitchen™, including 10 minute integrated bike ride European or appliances, 15 minute stroll and from ample Downtown storage space Vancouver

Steps plank Wide from alaminate variety of flooring fantastic throughout restaurants the home including the acclaimed Bao Bei Restaurant and ■ Every master bedroom fits a king-size bed the Keefer Bar Experience life at the top at The Summit Club: ■ Open concept layouts with luxurious interior ■

■ ■ ■ ■ ■ ■

■

finishes, featuringGames sleek Italian Fully-appointed Roomdesigned kitchen and bathroom cabinetry with stone countertops State-of-the-art workout equipment Each home includes balcony deck Entertain your friendsa in style inorthe Lounge Interactive rooftop community space Practice a musical instrument alone orwith play along outdoor kitchen, movie theatre, community with friends in the Music Room gardens and fireside lounge Relax in peace and serenity in the Garden Atrium

Coming February 2013! Prices and special offerings subject to change without notice. This is not an offering for sale. Any such offering can only be made with a Disclosure Statement. E. & O.E.

Meccanica Vantage A stunning Have the best30of-storey both worlds tower at in Meccanica, the heartwhere of high design meets Brentwood close to vibrant transit, Village schools, life inshopping, South East False Creek. parks and more. One and Vantage two bedroom featurescondos intelligently feature European-inspired designed homes for quartz thosecountertops who appreciate and the premiumcomforts lifestyle AEG appliances that space integrated and luxury intocan highgive glossThere’s you. lacquermore cabinetry space forinthat every sleek direction: look. Plus, with Meccanicasquare 900-1300 has upsized foot living all thespaces, things open that matter. concept Ceilings here interiors, andare lofty over 9-foot 9 feetceilings. high, statement Ryan Bosa’s doors are oversized, Embassy Development closets are reflgiant, ects the andrenowned the cleverly Bosa designed CresseyKitchen™ commitment to quality, and Vantage is roomyisenough no different. to showcase your larger-than-life hosting skills. Visit the Presentation Centre at 1902 RosserOpen Ave (Rosser at–Buchanan), Burnaby Showroom Daily 12 5 pm (except Friday) Open daily – 5 pm (except Thursday and Friday) 104 East 1stnoon Avenue, Vancouver or call 604-294-3339 604-876-8819

QUICK FACTS Each Vantage Meccanica offers home theisbest designed homeswith in South homeowners East False Creek. in mind:Come down to the neighbourhood and walk through our showsuites to experience the Meccanica ■ Large 2-bedroom and 2-bedroom and den homes difference. You have tofloorplans, see it to believe it. with open concept European-inspired ■

■

kitchens, Voted BEST spa-like CONDO bathrooms, DEVELOPMENT overheight 2012 ceilings Georgia and generous Straight balconies Best of Vancouver awards Thoughtful Famous CresseyKitchen™ amenities include withanspacious impressive lobby, walk-through social lounge design, with kitchen sleekand integrated entertainment cabinetry area, and fi tness ample facility storage with spa, outdoor greenspace with fi re pit,that andmatter: resident’s concierge service Extras Gym + Rooftop Deck +

■

Built byHall Dining Ryan + Bosa’s Demonstration Embassy Kitchen Development, proud to continue the Bosa family legacy Air conditioning and energy efficient heating

■

Village life awaits you: Urban Fare, London Drugs,

■

Own a 10% deposit Tab &with Barreljust Pub, Terra Breads and Legacy Liquor Store are all steps away 2013 and move in Spring

Starting Starting from from $463,900 $329,900 www.VantageByEmbassy.com www.meccanicabycressey.com

Prices and special offerings subject to change without notice. This is not an offering for sale. Any such offering can only be made with a Disclosure Statement. E. & O.E.

Maddox

QUICK FACTS ■

Maddox is Cressey’s latest high rise development in Downtown Vancouver located at Drake Street between Granville and Howe. Rising 32 storeys, Maddox offers one to two bedroom plus den homes including parking from just $381,900. With construction underway and estimated to complete Fall 2013, Maddox has a downtown address, unmatched features and a developer who has established their name on superior design, quality construction and over 40 years of experience. Rise above the ordinary and experience the true beauty of Maddox.

The famous CresseyKitchen™ includes Armony cabinets, integrated appliances, stone countertops and backsplash, and much more

■

Amazing water, city and mountain views

■

Energy efficient heating and cooling

■

Steps from the seawall

■

Maddox Rooftop Social Lounge with media centre, kitchen, patio and outdoor children’s play area

Maddox is poised to become an architectural landmark at the centre of Downtown South

Visit the Presentation Centre on Continental, behind the Best Western Hotel at 718 Drake Street Open daily noon – 5 pm (except Friday) or call 604-669-8200

Starting from $381,900 www.maddoxdowntown.com Prices and special offerings subject to change without notice. This is not an offering for sale. Any such offering can only be made with a Disclosure Statement. E. & O.E.

Northbank Northbank is a 21-storey boutique high-rise with only 109 homes located at 125 Columbia Street. Long views up or down the Fraser River are available to every tower home offering an unmatched combination of views, finishes and smart home plans. Larger than typical home plans and clean well thought out finishes offer a great long term value. Northbank sits on the western edge of the four and a half acre Albert Crescent Park and is just two blocks to the Columbia Street Skytrain station and the Columbia Street retail, recreation, restaurants and services. Visit the Presentation Centre at 18 Begbie Street, New Westminster Open daily noon – 5 pm (except Thursday and Friday) or call 604-523-0081

QUICK FACTS Northbank plans are well thought out for real living: ■ ■

■

■ ■

Water views from every tower home — forever Brand name appliances and fixtures such as KitchenAid, Samsung, Kohler and Acri-tec Durable cabinetry featuring under cabinet puck lighting and soft close drawers and doors Ample kitchen storage with a full height pantry including 4 large drawers for easy access Large in suite storage All tower plans feature expansive decks off the living area.

■

Queen bed and side table fit in all bedrooms

■

Dining areas all planned for 6-seat tables

Starting from $267,900 www.northbank.ca Prices and special offerings subject to change without notice. This is not an offering for sale. Any such offering can only be made with a Disclosure Statement. E. & O.E.

Keefer Block MThree

QUICK FACTS

Coquitlam’s Located on the Tallest corner Tower of Main is coming and Keefer soon!Street in historic Chinatown, a Cressey, new community emerges Introducing MThree by the third and that combines the best of modern design with final tower in the celebrated Metropolitan urban convenience. Ideally situated close to the Residences in Coquitlam Town Centre. With transit, the Line seawall, Downtown Vancouver, and Evergreen already under construction, restaurants, The Keefer excellent MThree is located in theBlock heartoffers of exciting change cultural and neighbourhood amenities. Homes and is set to become the definitive community feature spectacular Italian designed kitchens and in Coquitlam’s transformation. Soaring 48 levels bathrooms, wide plank engineered fl ooring, high, MThree is topped by The Summit Club, custom millwork and peace of mind knowing that over 9,000 square feet of recreation, relaxation your home was views. built by award-winning Solterra. and panoramic

Wide plank Steps from alaminate variety of flooring fantastic throughout restaurants the home including the acclaimed Bao Bei Restaurant and ■ Every master bedroom fits a king-size bed the Keefer Bar Experience life at the top at The Summit Club: ■ Open concept layouts with luxurious interior

1, 2 & 3 Bedroom Flats from 450 sf to 1,012 sf Coming Soon! Starting from $249,900

Each ■ 48 Keefer levels high, BlockMThree home isisdesigned Coquitlam’s withtallest the

tower modern urbanite in mind: ■ Each home is designed around the famous ■ CresseyKitchen™, Just a 5 minute drive, including 10 minute integrated bike ride European or 15 minute stroll appliances, and from ample Downtown storage space Vancouver ■

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Coming February 2013! Prices and special offerings subject to change without notice. This is not an offering for sale. Any such offering can only be made with a Disclosure Statement. E. & O.E.

Vantage Meccanica Have A stunning the best30of-storey both worlds tower at in Meccanica, the heartwhere of Brentwood high design meets close to vibrant transit, Village schools, life inshopping, South East parksCreek. False and more. One and Vantage two bedroom featurescondos intelligently feature designed homes for European-inspired quartz thosecountertops who appreciate and the lifestyle comforts premium AEG appliances that space integrated and luxury intocan highgive you. There’s gloss lacquermore cabinetry space forinthat every sleek direction: look. Plus, with 900-1300 square Meccanica has upsized foot living all thespaces, things open that matter. concept interiors,here Ceilings andare lofty over 9-foot 9 feetceilings. high, statement Ryan Bosa’s doors Embassy are oversized, Development closets are reflgiant, ects the andrenowned the cleverly Bosa commitment designed CresseyKitchen™ to quality, and Vantage is roomyisenough no different. to showcase your larger-than-life hosting skills. Visit the Presentation Centre at 1902 RosserOpen Ave (Rosser at–Buchanan), Burnaby Showroom Daily 12 5 pm (except Friday) Open daily – 5 pm (except Thursday and Friday) 104 East 1stnoon Avenue, Vancouver or call 604-294-3339 604-876-8819

QUICK FACTS Meccanica Each Vantage offers home theisbest designed homeswith in South homeowners East False in mind:Come down to the neighbourhood and walk Creek. through our showsuites to experience the Meccanica ■ Large 2-bedroom and 2-bedroom and den homes difference. You have tofloorplans, see it to believe it. with open concept European-inspired ■

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Voted BEST kitchens, spa-like CONDO bathrooms, DEVELOPMENT overheight 2012 ceilings and generous Georgia Straight balconies Best of Vancouver awards Famous CresseyKitchen™ Thoughtful amenities include withanspacious impressive lobby, social lounge design, walk-through with kitchen sleekand integrated entertainment cabinetry area, fitness and ample facility storage with spa, outdoor greenspace with fi re pit,that andmatter: resident’s concierge service Extras Gym + Rooftop Deck +

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Dining Built byHall Ryan + Bosa’s Demonstration Embassy Kitchen Development, proud to continue the Bosa family legacy Air conditioning and energy efficient heating

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Village life awaits you: Urban Fare, London Drugs,

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Own a 10% deposit Tab &with Barreljust Pub, Terra Breads and Legacy Liquor Store are all steps away 2013 and move in Spring

Starting Starting from from $463,900 $329,900 www.VantageByEmbassy.com www.meccanicabycressey.com

Prices and special offerings subject to change without notice. This is not an offering for sale. Any such offering can only be made with a Disclosure Statement. E. & O.E.

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