BC New Condo Guide - Apr 17, 2015 by NextHome

Apr 17 - May 1, 2015 Volume 05 Issue 08

LIVE AT WILLOUGHBY TOWN CENTRE FROM $199,900*

liveatkensington.ca Prices exclude tax and are subject to change without notice. E.&O.E. Sales and Marketing provided by Fifth Avenue Real Estate Marketing Ltd.

INSIDE THIS ISSUE

CRISTINA OBERTI EXPLAINS ELEGANT DESIGN

LIVING IN A HERITAGE CONVERSION

TAX BENEFITS OF INVESTMENT PROPERTIES

TALK IS CHEAP.

YOU HAVE HIGH EXPECTATIONS. OUR 20' CEILINGS EXCEED THEM.

MOVE-IN READY THIS SPRING

ARAGON.CA/PORTAGE

#ARAGONFORWARD

GLASSHOUSE LOFTS

This is not an offering for sale. Any such offering can only be made with a disclosure statement. E.&O.E.

WE’VE INTERVIEWED THE CONSTRUCTION TEAM TO SHARE HOW PORTAGE IS COMING ALONG. VISIT OUR WEBSITE NOW TO LEARN ABOUT IT AND REGISTER TODAY FOR PRIORITY PREVIEWS.

COLLECTION OF ARAGON HOMES

VISIT ARAGON.CA

COMING SPRING 2015

WHY JUST TELL YOU ABOUT THESE HOMES WHEN WE CAN SHOW YOU. At Port Royal, seeing is believing. We’ve spent over a decade creating a community that embraces the riverfront and dynamic public green space. Our riverfront condo and loft homes, at Portage, deliver on design because we do more than create unique ideas for living, we build them.

ONLY 3 HOMES REMAIN

Presenting a collection of condos and lofts in Port Royal. Register at Aragon.ca/Portage or call 778.398.1344

2 HOMES AVAILABLE

Only three opportunities to call GlassHouse Lofts home. 3 bedroom lofts and penthouses range in size from 1,331 sq ft to 1,497 and feature 20 foot ceilings, reclaimed brick walls and riverfront views. Expect the unexpected. Prices range from $620,900 to $825,900. Call or visit: 220 Salter St. New West, 604.520.9890.

#ARAGONFORWARD

2 bedroom condominiums starting in the mid $300’s. 220 Salter Street, New West 604.520.9890

*Prices and availability subject to change or be withdrawn without notice and do not include taxes. E&O.E.

Aragon Properties Ltd.

This is not an offering for sale. An offering for sale can only be made with a disclosure statement. E.&O.E.

A BOV E ALL

EXPERIENCE A 60 STOREY SKYSCRAPER RISING IN THE HEART OF DOWNTOWN VANCOUVER.

COMING 2015 | REGISTER NOW

Above the City. Beyond Compare.

4 NEW CONDO GUIDE APR 17 - MAY 1, 2015

EIG

SALES CENTRE

GB BE

IE ST

O RV

LIN

RIVERSKY

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 5

DOWNTOWN COQUITLAM

IW RD

G A G LA

COMO LAKE AVE E

LOUGHEED TOWN CENTRE

NORTH ROAD

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 7

CONTENTS

APR 17 - MAY 1, 2015

COVER STORY

VOLUME 5

ISSUE 08

IN EVERY ISSUE 12 Editor’s Note

FEATURES

40 Inspiration Onsite: Bennington House Deigner Cristina Oberti explains why classic isn’t always simple by Stephanie MacDonald

58 At Home with History Four great reasons to live in a heritage conversion by Stephanie MacDonald

COLUMNS 26 Condo Sense The tax savings of owning an investment property by Cameron McNeill

28 Buyer Profile Monika’s lifestyle fits right into The Ridge at Bose Farms by Susan M Boyce

16 Kensington The heart of Willoughby by Susan M Boyce

8 NEW CONDO GUIDE APR 17 - MAY 1, 2015

68 Condo Pro Is a condo right for your lifestyle? by Barbara Lawlor

78 Inside Mortgages The cost of consumer debt by Kris Grasty

77 BOUTIQUE HOMES

Last Chance! PRE-CONSTRUCTION SAVINGS OF UP TO $12,000

BECAUSE ONCE THESE HOMES ARE BUILT, A TOUR WILL BE THE ONLY INCENTIVE YOU'LL NEED.

P R I C E D F R O M $ 2 74 , 9 0 0 | C O N S T R U C T I O N S TA R T I N G S O O N

NOV E L LA .CA BE A PART OF THE STORY

INFO@NOVELLA.CA | 604.563.5777

PRESENTATION CENTRE OPEN DAILY 12 - 5 PM (closed fridays) ENTER OFF CAMERON ST 170-3355 NORTH RD BURNABY, BC

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 9

CONDO PROFILE

PRESIDENT, YP NEXTHOME

Jacqueline Hill

Modern Skyhomes come to the West End

EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge SENIOR SALES MANAGER, WESTERN CANADA

Edwin Rizarri

by Susan M Boyce

ART DIRECTOR

Tammy Leung EDITOR

Stephanie MacDonald CONTRIBUTING EDITORS

Lydia McNutt Sara Duck Wayne Karl DESIGN EDITOR

Yanic Simard

MEDIA CONSULTANTS

Dave Bird 604.319.7102 Brenda Everitt 604.319.7103 SALES COORDINATOR

Ranee Pal

PRODUCTION MANAGER

Bala Gnanapandithan

Lingo Classic charm in Cloverdale

Framework Experience the new Chinatown

GRAPHIC DESIGNERS

Viosa Barileva Miguel Cea Hanna Yarkony PRODUCTION CO-ORDINATOR

Bei Zhang

50 Wohlsein True to Mount Pleasant

84 Crown Life at the top in Coquitlam

CONTRIBUTING EDITORIAL WRITER

Susan M Boyce Published by

IN THE NEWS 72 REBGV March market steadily climbs

HOMEBUYERS’ HELP 52 Condo Market Watch Checking out what’s hot and new in Metro Vancouver’s residential marketplace and beyond by Susan M Boyce

88 Listings Directory

MAPS 14 Surrey/Langley 30 South Surrey/White Rock 36 Vancouver 54 North Shore/Squamish/Whistler 62 Richmond 66 Burnaby/New Westminster 76 Maple Ridge/Pitt Meadows 80 Tri-Cities

10 NEW CONDO GUIDE APR 17 - MAY 1, 2015

4180 Lougheed Highway Suite 102 Burnaby BC V5C 6A7 T 604.519.6080 F 604.519.6088 newhomeandcondoguide.ca ADVERTISING Call 604.519.6080 for advertising rates and information.

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. The views and data expressed by columnists do not necessarily represent those of the publication.

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 11

EDITOR’S NOTE

HOME-BUYING DECISION DRIVERS

SUSAN LEGGE Editor-in-chief Yellow Pages NextHome Susan.Legge@ypnexthome.ca

New-home buyers are often driven by different influences, but there’s no doubt lifestyle is an increasingly important factor. Whether you’re considering a home near the beach, a golf course or a city penthouse or pied-à-terre, you’re likely looking to compensate for what you don’t have in your current residence. The amount of living space is usually the issue – either too much or too little. Most young families are looking for more living space, which is why builders are designing homes with interiors that maximize every square foot of living space to make the most of your money. As we get older, the quest for living

space may take a different direction. Downsizing is often the answer, although many homeowners with existing homes in suburban or rural areas are acquiring townhomes or pied-à-terres in the city. An urban location gives owners and their friends a chance to enjoy the social and cultural activities of the city without having to drive for hours to get home. In today’s hectic world, your new home will be your retreat, so it’s important to find a home that suits your needs and lifestyle. In this issue, we profile new communities which offer the perfect place to put up your feet, plus the latest industry news and features about buying and owning a new home. Enjoy!

Follow me on Twitter at Twitter.com/SusanLegge Like us on facebook search: Condo Guide

WHEN EVERYTHING OLD IS NEW AGAIN

STEPHANIE MACDONALD Editor

Though Vancouver has a relatively short history as a city, there is still a lot of interesting and important buildings in our area. Not all of them are what most people might think of as “heritage” — Victorian, Edwardian or Art Deco — many are from the mid-century, and even from the 1970s and 1980s. Explains architect and planning expert Michael Geller, “Every decade has houses and buildings that will be considered significant in the future.” Even the lowly Vancouver Special is having a heyday. For anyone interested on the potential of these modest and ubiquitous homes can experience them first-person on April 18th, when the Vancouver

Heritage Foundation hosts the selfguided Vancouver Special Tour, where “From small interventions in design to complete reconfiguring of space, the 2015 tour will look at how five homeowners have reinvented their Specials.” Tickets can be found at vancouverheritagefoundation.org. For other adventures in heritage rejuvenation, please read on to find part one of a two-part series about heritage developments in Metro Vancouver. Whether you’re looking for a home with old-fashioned character or a glass castle in the sky, we’ve got options galore, so dive into this issue and happy condo hunting!

Yellow Pages NextHome Stephanie.MacDonald@ypnexthome.ca

Correction: Last issue’s Inspiration Onsite column left out some important information! The penthouse at Modern’s beautiful display suite was a joint effort. Donna Russell of Design-A-Décor provided the furnishings with selected pieces added by Scott Landon. We regret this error. 12 NEW CONDO GUIDE APR 17 - MAY 1, 2015

I N T I M AT E L I V I N G AT N O. 3 A N D L A N S D O W N E

B O U T I Q U E R E S I D E N C E S I N R I C H M O N D, C O M I N G S P R I N G 2 0 1 5

OrchidByBeedie.ca

This is not an offering for sale. Sale can only be made by disclosure statement. Sales and marketing provided by MAC Marketing Solutions. E.&O.E.

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 13

SURREY | LANGLEY 116TH AVE

112ND AVE

108TH AVE

W ay

VE OS

104TH AVE

TYNEHEAD REGIONAL PARK

Fr as

GOLDEN EARS BRIDGE

96TH AVE

A3 88TH AVE

88TH AVE BEAR CREEK PARK

208TH ST

200TH ST

192ND ST

184TH ST

168TH ST

176TH ST

10 RD

LO VE

160TH ST

152ND ST

72ND AVE

A9 64TH AVE

WATERSHED PARK

AV E

80TH AVE

99a 64TH AVE

1a 144TH ST

128TH ST

120TH ST

112TH ST

72ND AVE

King George Blvd

80TH AVE

GREEN TIMBERS URBAN FOREST PARK

GL OV ER

96TH AVE

232RD ST

A4 A10 A7

216TH ST

Fr a

216TH ST

se r

104TH AVE A11

60TH AVE

61A

58TH AVE

56TH AVE

LANGLEY BYPASS

56TH AVE

Fra s

er H

SURREY A1. WYND

10375 133rd Street 604.951.9283

A2. YALE BLOC

19557 64 Avenue www.yalebloc.com

A3. MANAROLA

8695 160th Street 604.800.9255 13913 Fraser Hwy. 604.588.3783

A5. LINGO

5665 177B Street 604.727.5478 99

A6. UNIVERSITY DISTRICT

104th & University Dr 604.588.5795

A7. PARK AVE WEST 100 Ave. & Whalley Blvd. 604.233.7748

A8. G3 RESIDENCES

14 NEW CONDO GUIDE APR 17 - MAY 1, 2015

LANGLEY

SERPENTINE FEN NATURE RESERVE

A4. MAXX AT VERVE

104th Ave. & 154th St. 604.453.6688

B4 D

48TH AVE

A9. THE RIDGE AT BOSE FARM

B1. KENSINGTON

B3. ATHENRY GATE 40TH AVE

A10. 3 CIVIC PLAZA

B2. ELEMENTS

B4. MURRAYVILLE HOUSE

16390 64th Ave. 604.888.5514

104th Ave & Citypoint Way 604.951.3331

A11. EVOLVE

13328 104th Ave. 604-497-0102

20678 Willoughby Town Centre Drive 604.427.3311 20211 66th Ave. 604.533.7718

8312 Street 604.882.8857

5020-221A Street, murrayvillehouse.com

COVER STORY

KENSINGTON The Heart of Willoughby SOME NEIGHBOURHOODS JUST SEEM TO HAVE IT ALL: great location, unique character, plus an inviting style that says “welcome home.” One such neighbourhood is Willoughby Town Centre in Langley. And savvy homebuyers looking for the opportunity to be among the first to live at the very heart of a dynamic, masterplanned community are discovering Kensington is the opportunity they’ve been waiting for — the first true town centre where people can live, walk, eat, shop and play. Experience the New Village Every time I visit Kensington, there’s something new and exciting to experience. 16 NEW CONDO GUIDE APR 17 - MAY 1, 2015

By Susan M Boyce

First it was Mattu’s Coffee and Tea House. As a self-confessed, extremely fussy latté consumer, this bistro immediately captured my heart with its delicious coffees, decadent bakery treats, and lively ambiance. Then Presidents Choice, Hakam’s Independent Grocer arrived and fresh produce plus all the brand name products I insist on were suddenly just steps away. Sushi? Well, yes. There’s plenty of this delectable Japanese treat to be enjoyed at Noma Sushi — sake too for when you want to linger a little longer over dinner. “And it just keeps getting better,” says Denise Lintott, sales manager. Rapidly she lists off a few of the upcoming amenities: a ‘candlelight and fine linen’

restaurant, Dairy Queen for casual dining, as well as a host of services to compliment the existing financial, medical and professional services. Space for Living “Kensington offers some of the largest condominium homes in this neighbourhood — everything from onebedroom to spacious two-bedroom and den homes with 1,082 square feet of luxurious living,” Denise says. Still, it’s not just the delights of openconcept space — these floor plans are all about luxury living every day. Gourmet kitchens with built-in pantry and top-of-the-line stainless steel appliances, over-height ceilings, spa-style ensuites plus huge patios and balconies.

Kensington offers some of the largest condominium homes in this neighbourhood — everything from onebedroom to spacious two-bedroom and den homes. —Denise Lintott “I like places that are trendy and happening,” says one enthusiastic homebuyer. “Kensington definitely meets my criteria. Everything I need is right outside my front door. I’m close to three golf courses, Costco is about four minutes away, and when I want to visit my friends in Yaletown, I can just zip down the highway and it takes me less time than it did from Port Moody where I used to live.” I’m about to head back to home when her comments give me an inspired idea. Since summer beach time is almost here, it seems like the perfect day to indulge in a mani-pedi at Sassy Nail Salon & Spa. Besides, pampering is always a good thing — no matter what the season.

The Kensington’s presentation centre and display home are open noon to 5 p.m. daily except Fridays at 20728 Town Centre Drive in Langley. Floor plans range from one-bedroom to spacious two-bedroom and den homes. Prices start at $199,900 with Kensington homes available for immediate occupancy. For more information visit liveatkensington.ca or call 604.427.3311. APR 17 - MAY 1, 2015 NEW CONDO GUIDE 17

SURREY/LANGLEY

NOW SELLING! 2 Bedroom Townhomes with Rooftop Living Spaces. Designed to Fit Your Lifestyle.

Own a Townhome with Payments from $899/mo.*

18 NEW CONDO GUIDE APR 17 - MAY 1, 2015

LANGLEY BYPASS

208 St

72 Ave

80 Ave

83 Ave

77A Ave

209 St

LOCATION 7811 209 Street Yorkson, Langley Noon-5pm, Sat-Thurs

hayerlifestyle.com 604.371.0044 *Prices quoted exclude taxes and are subject to availability at time of visit and/ or to change without notice. Payments are based on 5% down payment, with a 5 year fixed rate of 2.74% and a 25 year amortization available OAC with a partner financial institution. Ask Sales team for details. E.&O.E. Sales and marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca

SURREY/LANGLEY

INCREDIBLE APRIL OFFER!

LAST CHANCE

80% Sold!

NET GST

INCLUDED A community of European-inspired condos that are as sophisticated as they are affordable.

ONLY 5 1 LEFT:

ONLY 5 LEFT:

$219,900

$275,000

2 Bedroom + 1 Bathroom

LIMITED TIME OFFER. See sales representative for details

2 Bedroom + Den

107 - 20861 83 Avenue, Langley Sales Centre Open Saturday - Thursday 12-5pm

athenrygate.com Sales and Marketing by Solon Bucholtz 778.995.7467 APR 17 - MAY 1, 2015 NEW CONDO GUIDE 19

TAX BACK AND A DOLLAR DOWN DEAL!

PHASE THREE MOVE-IN TODAY!

SURREY/LANGLEY

NOW SELLING!

OWN A PIECE OF THE BLOC PRICED FROM $149,900

People are buzzing about the upcoming release at Yale Bloc. These 1 and 2 bed condos are streamlined and modern, bringing something new, exciting and much needed to the Willowbrook neighbourhood! Comprised of three distinct buildings, linked by an open courtyard with ground level shops, Yale Bloc is ready to connect you to the contemporary and convenient life you want. Get ready to be amazed! Get ready to think outside the bloc. 196th

192nd

64th AVE FR

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 21

SURREY/LANGLEY

ER AT REGIST

se. com u o H e l l vi Murray

RO OWN F

$732 H*

NT PER MO

FREE

DOWNSIZING TUESDAY APRIL 28 6:30PM ESSENTIALS EVENT

BONUS: FREE DOWNSIZING BOOK Limited seats. Register Today: MurrayvilleHouse.com FOR ATTENDEES

COME SEE SUSAN & HEATHER OF GOOD RIDDANCE PROFESSIONAL ORGANIZING SOLUTIONS. AS SEEN ON GLOBAL TV, CBC & JOY TV

MAKE IT YOUR HOME. MAKE IT YOUR COMMUNITY.

NOW SELLING SALES CENTRE OPEN DAILY 12pm-5pm (except Friday)

52 Ave

Murrayville House is an exclusive boutique collection of ninety-two, 1 & 2 bedroom homes, many with dens situated in the best location of Langley, Upper Murrayville. Every detail is thoughtfully designed, from the elegant exterior and lush landscaping to the quality fixtures and superior level of finishing. Each home has a bright and inviting open layout. Kitchens feature quartz counter tops, white or wood shaker cabinetry, porcelain or marble backsplash, stainless steel appliances, beautiful quality flooring throughout entry, kitchen, dining & living area. Plus oversized balconies perfect for entertaining. Proudly built by The Newmark Group. FOR MORE INFORMATION CALL

50 Ave

SALES CENTRE

220 -230 22196 50TH AVE, LANGLEY

Vince Pontaletta 778.808.6563 DEVELOPED BY

SALES BY

MurrayvilleHouse.com MARKETED BY

MurrayvilleHouse

Renderings, illustrations, floor plans and square footages are approximate and may differ from final product. The Developer reserves the right in its discretion to make changes to the floor plans, project design, appliances, specification and features. This is not an offering for sale, such offering can only be made with a Developer Disclosure Statement. E.&O.E. *The monthly price of $732 is based on Plan A $224,900 + 3.2% GST = $232,096.80 with a down payment of 20% ($46,419.36) at a fixed rate of 2.49%. Prices may vary depending on interest rate.

48 Ave

22 NEW CONDO GUIDE APR 17 - MAY 1, 2015

48 Ave

SURREY/LANGLEY

Move in Now

Rent is a four letter word.

Spend less on the condominium you’ve always wanted and enjoy more time being you. Who says you can’t have it all?

Signature Apartments starting from

199

9OO Including Net GST

lingoliving.ca

6O4.727.5478

Lingo. Something to talk about.

Ling Li ing n o

HWY 1O

56 AVE

TO U.S. BORDER

18O ST

6O AVE

5 665 56 6 177 65 7 B St S re r et et Surr Su rrrey ey, BC ey, B Openn Wed, Op Open ed, Th ed Thur huurrs annd W Weeekkennds ds 1-5 -5pm pm m

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 23

CONDO PROFILE

LET’S TALK ABOUT LINGO Classic charm in Cloverdale

hen you hear the Surrey neighbourhood, “Cloverdale” mentioned you may initially think rodeo, antiques or have flashbacks of iconic TV commercials and movies filmed along its notable main street. Take a closer look and you’ll discover a charming community to live, work and buy a home, that’s just outside of the rush of the big city. Homes well priced for downsizers and first-time homebuyers A stroll along 177B Street brings you to a new boutique development of just 29 homes called Lingo. Located in

24 NEW CONDO GUIDE APR 17 - MAY 1, 2015

By Janine Mackie

Cloverdale’s historic village, it strikes that sought-after balance between quiet and accessible. Move-in ready, and priced from just $189,900, it has attracted both first-time homebuyers as well as those downsizing to a new lifestyle. “You can own a home for the same amount you’re paying each month in rent,” says sales manager Arthur Simon. “We’re 50 per cent sold and still have a good selection of onebedroom and one-bedroom with den homes.” So far all the homes sold are owner occupied, but Simon encourages investors to take a look at Lingo as well. “It would make a great investment, as transit is at your doorstep and Kwantlen University is only a few blocks away.” Whether designing million-dollar estates or wood-frame condo projects, Lingo’s developer, the Maskeen Group, has garnered a consistent record over its 20 years for building high-quality eco-friendly homes.

Certified Built Green, each home at Lingo has energy-efficient windows, water-conserving fixtures, low VOC Benjamin Moore paint and Energy Star rated appliances. Modeling the West Coast vernacular, the exterior is a handsome blend of brick and HardiPlank siding with gently sloped cedar shake roof. One-bedroom homes range in size from 650 to 750 square feet and offer various layouts and unique design features from oversized dens — ideal for home-based businesses — to large balconies and decks for year-round entertaining. Yes it’s included! Fireplace with custom mantel in each home. Step inside the furnished display home and experience how nine-foot ceilings provide a sense of spacious comfort. Third-floor homes have vaulted ceilings up to 11 feet! The standard features built into each and every Lingo home are often considered upgrades in other developments — electric fireplaces with custom designed mantels, hand scraped wide-plank flooring, wooden closet organizers and Craftsman-style mouldings. Awaken the Jamie Oliver inside and impress friends and family as you work your magic in the expertly designed kitchen fully equipped with stainless steel Samsung appliances, beautiful soft-close cabinetry, quartz countertop and island and a stunning glass tile backsplash to finish it off in style. Full-size washer and dryer are included with each home, as well as a parking spot in the secured underground area, and the resident elevator has key-fob security access.

Now selling and open 1 to 5 p.m. Wednesday, Thursday, Saturday and Sunday at 5665 - 177B St. in Surrey. Call Arthur Simon for more information at 604-727-5478 or visit lingoliving.ca. APR 17 - MAY 1, 2015 NEW CONDO GUIDE 25

CONDO SENSE

Tax benefits of owning a rental property By Cameron McNeill

ith the 2014 tax filing deadline just around the corner (April 30, 2015 for individuals and June 15, 2015 for self-employed persons), remember to report last year’s income from rental properties that you may have. But don’t forget to deduct all the 2014 expenses associated with this rental property so you can reduce your overall taxable income. The following is a list of expenses that you can write off against your rental income: » Interest portion of your mortgage paid for the year 20142014 Property taxes & Utility costs (Water bills from the City, BC Hydro) » 2014 Maintenance Costs (Strata fees, cleaning, re-painting, fixing appliances, any repairs) » Any 2014 property management fees

» Any advertising costs spent in 2014 to find a tenant » Rental Property Insurance premiums Imagine you earned an annual 2014 salary of $65,000 and a rental income of $15,000 from a 1 bedroom condominium in Burnaby. In the eyes of the government, you have earned a total of $80,000 for the year and owe about $17,680 in taxes. However, if you deduct your rental expenses (see example in chart) from your income, you can save about $4,350 in taxes. Writing off rental expenses against your income also applies if you rent out a portion of your house or your laneway home. For example, if your house is 2000 square feet and you rent out your 800 square foot basement, you can deduct 40% of the applicable expenses. Be sure to receive all necessary

paperwork from your mortgage specialist, insurance representative and property manager, and hire an accountant to perform the detailed calculations and submit your tax return. Overall, owning a rental property or renting out a portion of your home can be a great way of building up equity while reducing your taxes. Disclaimer: Numbers used within the example are fictitious and based on averages or rounded to the nearest dollar. Please contact your accountant to verify your own personal calculations.

EXAMPLE: 620 SF 1 BEDROOM CONDO PURCHASED FOR $300,000 IN BURNABY 2014 INCOME Annual Salary Rent x 12 Months TOTAL INCOME

$65,000.00 $15,000.00 $80,000.00

2014 RENTAL EXPENSES Interest Costs

$6,828.00

Strata Fees Property Tax

$2,381.00 $1,320.00

Utility / Sewer Tax Property Management Fee Tenant Insurance Misc. Repairs TOTAL RENTAL EXPENSES

$601.00 $1,700.00 $500.00 $350.00 $13,680.00

NET INCOME

$66,320.00

TAXED OWED ON $80,000 TAXES OWED ON $66,320 TAXES SAVED 26 NEW CONDO GUIDE APR 17 - MAY 1, 2015

$17,680.00 $13,330.00 $4,350.00

Based on $1,250 per month for 12 months

Based on a 30 year mortgage for $240,000 at the rate of 2.89% 1 year closed resulting in monthly payments of $995.45 Based on $0.32 per SF Based on the City of Burnaby’s rate of 4.4015 per $1000 of the assessed value Based on City of Burnaby’s 2014 rate Based on 50% of 1st month’s rent + 7% per month / Minimum $100 Based on the average of $250 to $750 premium range

BC 2014 Effective Tax Rate 22.1% 20.1%

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

SURREY/LANGLEY

NOW SELLING

The final building @ Verve

WIN A GoPro! Join

us for a FREE Mortgage Sem inar April 18th @ 1 0:30 VISIT porte.ca/verv e

Say NO to #FOMO

Building 2 MOVE-IN NOW (only 5 homes remain!) Building 3 NOW SELLING — priced from $169,900 Avoid #FOMO

VISIT US TODAY!

› NEVER BEFORE SEEN FLOORPLANS › MODERN FINISHES TO BRAG ABOUT › GYM, LOUNGE & GAMES ROOM ALL IN YOUR BUILDING — WHY WOULD YOU EVER NEED TO LEAVE? › JUST A 6 MINUTE WALK FROM KING GEORGE SKYTRAIN

NO DOWNPAYMENT? Take advantage of our INSANELY popular flexible deposit program Learn more at: PORTE.CA/VERVE/NODO PRESENTATION CENTRE & SHOW HOMES: 13931 Fraser Hwy, Surrey | Open Daily 12–5pm (CLOSED FRI)

PORTE.CA/VERVE | 604.588.3783 Pricing and promotion subject to change without notice. Sales by disclosure statement only, E&OE.

Proudly developed by

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 27

CONDO PROFILE

I am so, so ready not to be tied to the maintenance of a house. —Monika And it will be so cool watching a movie on a big screen there.” Connected to Nature Throughout her life, Monika’s deep connection to nature has taken many forms. She currently runs a gardening centre located just down the road from the Bose farm, she’s a professional horticultural therapist, and she still finds time to volunteer at the local YMCA as yoga instructor. “Horticultural therapy is recognized throughout Canada and the US for its ability to promote well-being — just like music or art,” she says with a contagious enthusiasm. “When you can smell the flowers or play in a garden, there are many mental and physical benefits. I’ve seen the results first hand and they’re amazing. It’s going to be incredible to have all that right outside my front door.”

Monika enjoys the tropical beauty of Ecuador.

MONIKA AT THE RIDGE AT BOSE FARM Rethinking life

By Susan M Boyce

onika is the first person to admit it was sheer curiosity that brought her into The Ridge at Bose Farm’s presentation centre. “I’d just made a major life change by deciding to sell my house and downsize to a simpler lifestyle,” she says. “At first, I thought I wanted a rancher, but when I saw the showhomes I thought: these are amazing. They’re so well laid out

28 NEW CONDO GUIDE APR 17 - MAY 1, 2015

inside, the flow is great, and I’ll have the park, the gardens, even the potting shed so I can still get my hands dirty — I love gardening. I’ve never heard of a condo being anything like this.” After growing up on a Richmond farm, Monika says the restored barn was a bonus that resonated with her inner spirit. “I went to barn dances when I was a child, and now I’ll be able to go again.

Going with Instinct “I’m a very spiritually oriented person, so I always pay attention to my gut feelings. And everything about buying a home here feels right,” Monika says. “I’ll be able to bike to work, I hope to teach yoga in the amenity building, and because I bought on the ground floor I’ll even have my own yard. I am so, so ready not to be tied to the maintenance of a house. Everything here is going to be perfect for me. I haven’t had one second of hesitation since I bought, and it’s just going to get better.”

The Ridge at Bose Farm is located at 16390 – 64th Avenue, Surrey. For more information visit theridgeatbosefarms.com.

SURREY/LANGLEY

PUBLIC SALES OF EARLY RELEASE OF NEW HOMES SATURDAY, APRIL 25TH AT NOON SHARP!

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 29

176TH ST

184TH ST

176TH ST

184TH ST

168TH ST

152ND ST

eorge Hwy

SOUTH SURREY | WHITE ROCK

40TH AVE SERPENTINE FEN NATURE RESERVE

E CR

CRESCENT BEACH / BLACKIE SPIT

99a

32ND AVE 6

SUNNYSIDE ACRES URBAN FOREST PARK

CRESCENT PARK

24TH AVE

164TH ST

26TH AVE

168TH ST

152ND ST

16TH AVE

160TH ST

140TH ST

148TH ST

9 8 10 M A

RIN

16TH AVE

128TH ST

16TH AVE

g or

20TH AVE

SOUTH SURREY ATHLETIC PARK

15 10TH AVE 8TH AVE

8TH AVE

CANADA

SOUTH SURREY / WHITE ROCK UNITED STATES OF AMERICA

1. SALTAIRE

Johnston Rd & Thrift Ave 604.560.1656

2. ELGIN HOUSE 3323 - 151st St 604.541.8092

3. GEMINI

15336 - 17A Ave 604.536.1663

4. ADAGIO

7. EDGEWATER

5. HEIGHTS CONDOS

8. ROYCE

6. SOUTH POINT WALK

9. BEVERLEY

20th Ave. & 154th St. 604.531.6659

2855 156th Street, Surrey 778.545.8737

29A Ave & 152 St 604.560.3238

CONDO HOMES at

BY LAKEWOOD

30 NEW CONDO GUIDE APR 17 - MAY 1, 2015

36 Ave & 152nd St. 604.818.5603

10. NEWPORT AT WEST BEACH

www.newportliving.ca 604.536.0256

14855 Thrift Ave 604.538.8028

1458 Vidol St 604.560.0075

Early Bird Special! Up to $15,000 off Condo Homes. 2855 156 Street, Surrey | Open Saturday & Sunday 12-5 pm (or any time by appointment) | www.theheightsliving.ca | 778-545-8737

SOUTH SURREY/WHITE ROCK

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 31

HOMES AS GRAND AS THE VIEWS HUGE RESIDENCES BOASTING FINE DESIGN ON WHITE ROCK’S NATURAL RISE. WELCOME TO MORE STORAGE, BETTER VIEWS AND THE MOST INCREDIBLE LAYOUTS.

The opportunity to own a spectacular, spacious White Rock home is finally here. Cressey’s air conditioned, 2 and 3-bedroom concrete residences are remarkable in both size and interior finishing. Imagine preparing a feast in your CresseyKitchenTM while overlooking steel blue Pacific waters, taking an invigorating swim at the Beverley Club, and savouring life inside a well-planned home with all the storage you could ever want.

PREVIEWS WILL BE BY APPOINTMENT ONLY. REGISTER TODAY FOR MORE INFORMATION.

beverleybycressey.com or 604-560-0075 This is not an offering for sale. Any such offering can only be made with a Disclosure Statement. E.&.OE.

FINAL OPPORTUNITY MOVE-IN TODAY

Best prices in two years now available

BOOK YOUR TOUR TODAY! OPEN BY APPOINTMENT ONLY

SOUTH SURREY/WHITE ROCK

34 NEW CONDO GUIDE APR 17 - MAY 1, 2015

SOUTH SURREY/WHITE ROCK

GE VD BL

148 St

152 St

AY W

32 Ave

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 35

VA N C O U V E R | D O W N T O W N VA N C O U V E R SEABUS

RIN

Presentation Centre in Oakridge Mall (south entrance, near Kin's Market) 778.616.7008

3. WALL CENTRE CENTRAL PARK

Boundry Road & Kingsway 604.874.9232

4. MODERN

1001 Harwood St 604.879.2010

5. VYA

225 Kingsway 604.559.1070

36 NEW CONDO GUIDE APR 17 - MAY 1, 2015

E 12TH AVE

SW AY

D NE

E KING EDWARD AVE

E 33RD AVE

MAIN ST

2. APERTURE

E BROADWAY

E 29TH AVE

E 41ST AVE

OAK ST

W 70TH AVE

benningtonhouse.ca (King Edward and Cambie) 604-558-1907

2 16

W 49TH AVE

1. BENNINGTON HOUSE

E BROADWAY

QUEEN ELIZABETH PARK

W 57TH AVE

E 1ST AVE

1 5

W 41ST AVE

AVE

E 49TH AVE

19 SE MARIN E

6. TATE DOWNTOWN

11. KEEFER BLOCK

16. 41 WEST

7. SAIL

12. RIVER DISTRICT

17. INDEPENDENT AT MAIN MAIN & BROADWAY

8. RADIUS

13. FRAMEWORK

9. TOWER GREEN AT WEST

14. ADDITION

1265 Howe St 604.568.8283

108 - 3479 Westbrook 604.221.8878 4th Ave. & Fir 604.731.5522

195 W. 2nd Street 604.707.9378

10. FOCAL

209 East 7th (Main & 7th) Presentation Centre: 329 E Broadway 604.563.6777

Keefer St & Main St 604.682.8813

3302 North Arm Ave 604-879-8830

Pender & Main Street 604.620.6223

1149 Hornby St 604.620.6692

15. WOHLSEIN

East 6th & Scotia 604-558-0899

675 W41sr Ave 41westliving.com

604-879-8850

18. MERCER BY CRESSEY 3456 Commercial Dr 604.879.6400

19. RHYTHM

3202 Riverwalk Ave 604-437-5315

20. MONARCH

Cambie & 28th Ave 604-568-6883

BOUNDARY RD

W KING EDWARD AVE

PACIFIC SPIRIT PARK

DUNBAR ST

L AL

W 16TH AVE

W BROADWAY

W 12TH AVE MAIN ST

INAL

W 6TH AVE

CAMBIE ST

VE HA

W BROADWAY

OAK ST

ALMA ST

W 4TH AVE W 10TH AVE

CORNWALL AVE

RENFREW ST

REY RD

BURRARD ST

JERICHO BEACH PARK

LVD

VENABLES ST

TE R M

GRANVILLE ST

POINT G

COMMERCIAL DR

BR ST WE

UBC

E DR

LLOR B

ARBUTUS ST

NCE

MCDONALD ST

AR IN

CHA

E HASTINGS ST

VICTORIA DR

NW M

KNIGHT ST

BURRARD INLET

QE PARK

MONARCH PRESENTATION CENTRE

W 29 AVE

W 28 AVE

KING EDWARD AVE

CITY SQUARE MALL

W 12 AVE

W BROADWAY

CAMBIE ST

VANCOUVER’S

LAST

WATERFRONT NEIGHBOURHOOD

IT STARTS WITH VISION. REMEMBER YALETOWN’S TRANSFORMATION? When Yaletown began it was just a few residential towers. Imagine if Urban Fare and Starbucks were there from the start. River District Town Centre will launch as a complete neighbourhood, with retail, restaurant, residences, parks and playgrounds. Now is your chance to become part of this new neighbourhood—built from the ground up on the last section of Vancouver’s waterfront. YALETOWN THEN

YALETOWN NOW

YVR

RICHMOND MARINE AND CAMBIE

FRASER RIVER

TOWN CENTRE HOMES INCLUDING GROCERY, BANK, CAFE AND RESTAURANT

NOW PREVIEWING SALES CENTRE OPEN DAILY (EXCEPT FRIDAYS) 12-5PM 3302 NORTH ARM AVE (at the foot of Kinross)

E DR

SE MA RINE

DRIVE

IVE

KINROSS ST

ARIN

BOUNDARY ROAD

VANCOUVER

SE M

KERR STREET

604.879.8830

BURNABY

MARINE WAY

RIVER DISTRICT SALES CENTRE

AS E

RW AY

BOUNDARY AND MARINE This is not an offering for sale. One can only be made by way of a disclosure statement. E.&O.E.

INSPIRATION ONSITE

Keeping it simple LUXE FINISHES CALL FOR CLEAN ELEGANT DÉCOR IN BENNINGTON HOUSE’S HIGH-END SHOW SUITE Stephanie MacDonald

NCG: When you were deciding on a design theme for this suite at Bennington House, what did you want the focal point to be? Was there a particular aspect of the space that you wanted to highlight? Cristina Oberti: One of the biggest selling features of interior suites are the finishes. They add significantly to the overall value of a home, and so we do our best to highlight them as much as possible. For this project we particularly wanted to focus on the luxurious Carrara marble that runs throughout the bathroom and kitchen areas. Marble is an elegant and timeless material, and when implemented in the right way, 40 NEW CONDO GUIDE APR 17 - MAY 1, 2015

can also be very modern and striking. We didn’t want to compete with the finish, so we used off-white and grey colours and airy furniture to accentuate and compliment the marble surface’s natural beauty. NCG: For people who are staging their homes to sell, how do you strike the right balance between making a place look homey and comfortable while still encouraging prospective buyers to envision themselves and all their belongings there? CO: The key for designing an effective display suite or show home often lies in

the subtleties. Unlike private residential projects, which carry the distinct character of the space’s occupants, display suites are almost entirely interpretive. Our job as designers is to strike a balance between inspiration and individuality: the designs need to be strong enough to inspire, and yet subtle enough to allow for an individual ‘vision’. The goal is to create a space where people can envision and interpret their own lives taking place. My advice for designing for buyers is to keep things subtle: statements shouldn’t be too loud or overbearing. Sticking to neutral tones and timeless furniture pieces is usually a

safe way to go: you need to leave some room for the buyer’s imagination. NCG: It’s always interesting to find out what kind of person you were thinking about attracting when you began this interior. Did you have a particular person or type of person in mind? CO: We typically base our designs around an imagined owner or resident. This not only helps make the end result more realistic and ‘human’, but also gives us a concrete conceptual direction to follow. In some cases we create these characters ourselves, basing our imagined resident on location, building type and price range. For some projects, such as Bennington House, the client will provide us with an indepth marketing strategy which often contains the buyer’s demographic and likely lifestyle choices. In the case of Bennington House, the predicted buyers were trendy urban professionals and young modern families. NCG: There is a certain mid-century look to the living and dining areas, which is very chic. Where did you source the furniture and accessories? CO: What I love most about mid modern furniture is its versatility: it’s a classic choice, and yet timelessly contemporary. Mid modern pieces work especially well when mixed in with more sleek, and minimalist designs. The soft curves and warm character of mid modern design brings a human touch to an otherwise austere space. The pieces we selected for Bennington House

were sourced from various suppliers, and they are as follows: Style Garage, CB2, and Moe’s Home. NCG: With the very large dining/living area, you did a great job of delineating the different spaces. Could you explain how you did this? Are there other, different approaches you could take to separate areas while still embracing the open-concept? CO: Furniture layout has a significant impact on both the flow and zoning of space. This is especially true of open floor plans, which are free of partitions or closed areas that traditionally help define a home’s zones. In these cases, furniture groupings are what define each area. A dining set is a good example of how a grouping can ‘define’ the function of a space. In the case of the living room area, a sectional with an armchair placed to the side will often distinguish and enclose the living area as a distinct space. Decorative accessories can also help give a visual grounding to spaces, such as area rugs and pendant lights. The rule of thumb is to place furniture groupings around a centre. In the case of a dining area it would be the dining table and pendant light overhead that provide the central point. In the case of a living area, it’s usually around a coffee table, fireplace or entertainment system. It also helps to look at zones as groupings of people: when we socialize we like to form a circle and face each other. Furniture groupings should be built around this idea to reflect and accommodate our social nature.

BIO Upon enrolling in BCIT’s interior design program, Cristina worked at her father’s firm Oberto Oberti Architecture and Urban Design Inc. Since 2000, Cristina continues to live her passion under the banner of Cristina Oberti Interior Design Inc. She has taught interior design courses at BCIT and has been an active board member of the Interior Designers Institute of BC (IDIBC) where she also served as vice-president. Bennington House is a collection of 42 exquisitelycrafted homes coming soon to King Edward Station, on King Edward near Cambie. See the stunning Bennington House show suite for yourself when it opens later this spring. Check out benningtonhouse.ca for more information as it becomes available.

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 41

VANCOUVER

BEST INTERIOR DESIGN 2014

BEST 1-BDRM PRICING FALSE CREEK 2014

BEST LIFESTYLE AMENITIES 2014

BEST LOCATION VANCOUVER CONDOS 2014

HEART OF THE VILLAGE, SEAWALL. SECONDS TO DOWNTOWN

NOW SELLING!

FALSE CREEK’S BEST SELLING PROJECT IN FALSE CREEK

TowerGreenLiving.com 604.707.9378

177 NEW HOMES OFFERING A SELECTION OF JR. 1 BDRMS, 1 BDRMS + DEN, 2 BDRMS, CITYHOMES & PRIVATE COLLECTION PENTHOUSES! STARTING $301,900! SALES CENTRE WILL MOVE TEMPORARILY TO 139 WEST 2ND AVE. TOWNHOUSE (JUST AROUND THE CORNER FROM FLYING PIG RESTAURANT). OPEN EVERY DAY 10AM – 5PM.

PHASE 2 TOWER GREEN AT WEST Central. Sustainable. Unequalled Value. In False Creek Vancouver 159 West 2nd Ave. Vancouver, BC | Phone - 604.707.9378 | E: Info@towergreenliving.com | www.TowerGreenLiving.com ENJOY THE SHOPS AT WEST LIFESTYLE AMENITIES WITH FLYING PIG, BMO, FOCUS PHYSIO, DENTIST 123, KANCHANABURI THAI, WILD TALE RESTAURANT, KISS & MAKEUP AND MORE. This is not an offering for sale. Offerings will be made upon filing of the disclosure statement. The developer reserves the right to make modifications to project design materials and specifications. E.&O.E

42 NEW CONDO GUIDE APR 17 - MAY 1, 2015

Five 2-level Skyhomes with breathtaking views in the heart of the West End. An abundance of luxury living boasting dramatic over-height ceilings and grand private roof terraces. Call for a private appointment and for pricing information.

1009 Harwood St., Vancouver BC | 604.879.2010 | www.amacon.com/modernskyhomes

CONDO PROFILE

MODERN Skyhomes Come to the West End

By Susan M Boyce

t’s no secret: the West End is one of Vancouver’s coolest neighbourhoods. There’s something about the ambiance here — tree-lined streets, eclectic shopping, great art and restaurants everywhere. This is a ’hood with character. So the opportunity to check out Modern’s just released Skyhome Collection of five two-level penthouse homes is irresistible. Even more so because it’s a sunny Vancouver day and Grace Austin, Amacon’s manager of marketing and sales, has already told me these homes are specifically designed to maximize the views. Sounds like a perfect combination. Above the Rest As we head for the elevator, Grace waves at the concierge who’s engaged in a lively conversation with two cyclists who look like they’re ready to compete in the Tour de Gastown. “Almost all our homeowners have moved in, so there’s a great sense of community developing,” she says. I step into the display home and hear myself gasp. The words astonishing, awesome, and amazing spring to mind, but none seem… well none seem to be quite enough. This home truly is something special — a showcase of über modernism. The living room has a soaring two-floor vault and floor-to-ceiling windows so

44 NEW CONDO GUIDE APR 17 - MAY 1, 2015

it’s filled with sunshine. The view is breathtaking — False Creek and Granville Island, downtown and far beyond. This is Vancouver like no other. The kitchen is massive, a culinary hub that includes a centre island with quartz countertop that cascades down to the floor on both ends — very chic, very urban. Somehow the space feels totally integrated with the entire great room yet it’s been cleverly designed so guests never actually have to encroach on my space when I’m cooking. Brilliant. Then I spot the stairs — definitely not your usual steps. Dark-stained wood treads rest lightly on an exposed concrete form. It’s the perfect blend of industrial funk and contemporary minimalism. Upstairs are two bedrooms plus a master that deserves the moniker “urban oasis.” The ensuite’s freestanding soaker tub looks elegant and inviting and my toes can tell the floor is heated. The walk-in closet is bigger than many

Individual Style As we wander through the other four Skyhomes, I’m intrigued by how different each one is from all the others. One has a master on the main design, another a spacious den that I’d probably use as a formal dining room. In two of them, the twostorey living room ceiling is a pop-up style rather than a vault. Some have a cappuccino deck off the master bedroom, others have a simple Juliette balcony. All are finished with the exquisite attention to detail and quality I’ve come to expect from Amacon. “And every home includes air conditioning and automated roller blinds,” Grace says point to a discrete wall control that I’d totally have missed. How cool is that… literally. home offices and has custom, built-in shelving from California Closets — a feature Grace tells me is standard in every closet. Beside the bed, there’s a window-box seat that Grace and I instantly agree would be a perfect spot to kick back with a good book and a glass of wine. Then there’s the highlight I’ve been waiting for. “Every penthouse has its own private, rooftop terrace,” Grace says as we step out into the sunshine. Now I thought the view from inside was great, but this is even better. From here I can see sailboats zipping along Burrard Inlet with colourful spinnakers bulged out in the breeze, the expanse of green grass where I know the red and white Bard on the Beach tent city will soon be springing back to life, the North Shore Mountains, and the full panoramic downtown cityscape. “At night, the lights are so beautiful,” Grace says as if reading my mind.

Experience the ’Hood “Being able to purchase a brand new home in the West End is such a rarity,” Grace says as we make a quick stop at the tenth floor, podium park where herbs are already planted in the community garden beds. Which gets me thinking about lunch and a latté. Time to head across the street to the famous Musette Caffé where maybe I’ll get to hear some tall tales from the two biking enthusiasts.

Modern’s 18th floor, two-level penthouse Skyhomes are open by appointment at 1009 Harwood Street in Vancouver. For more information, visit amacon.com/modernskyhomes or call 604.879.2010. APR 17 - MAY 1, 2015 NEW CONDO GUIDE 45

VANCOUVER

46 NEW CONDO GUIDE APR 17 - MAY 1, 2015

nle

ark

SO se

LD all

ENGLISH BAY

bid w

ell str ee t

DOWNTOWN’S MOST AFFORDABLE LUXURY

sta

ilc o

rcl

lan

st on bs

st vie da

BURRARD + GEORGIA

Burrard SkyTrain

$1,500 / SF

DOWNTOWN ab

HOWE + GEORGIA

$1,400 / SF

Vancouver City Centre SkyTrain

UBC Robson Square

LAW COURTS

Granville SkyTrain

SM IT HE

$720/SF

HORNBY + HELMCKEN T

“

PA CI

$1,400 / SF

FIC

HE Due to current land and construction prices, LM CK we cannot foresee any future EN Downtown Vancouver ST developments to be priced under $800/sf. YALETOWN

PACIFIC + HOWE

PA C

IFIC

· BESPOKE CABINETRY FROM FRIUL INTAGLI OF ITALY · HEATING & COOLING FROM JAGA OF BELGIUM · NEIGHBOURHOOD OASIS IN THE HEART OF DOWNTOWN ST EN CK LM HE

DA VIE ST

”

Yaletown Roundhouse -Taken from an industry address by Bob Rennie SkyTrain

SAME LUXURY LIFESTYLE AT A FRACTION OF THE PRICE:

HO RN P BY ST

BU RR AR DS T

D B LV

SELECT

STARTING FROM

1 Bedroom

$346,900

1 Bedroom + Flex

$370,400

2 Bedroom + Flex

$598,900

Executive Suites

$833,400

HORNBY & HELMCKEN AT THE VANCOUVER LAW COURTS 164 CITY HOMES FROM $346,900 · ADDITIONLIVING.COM PRESENTATION CENTRE OPEN DAILY 12–5PM, EXCEPT FRIDAYS 1149 HORNBY STREET · 604 620 6692 THE DEVELOPER RESERVES THE RIGHT TO MAKE CHANGES WITHOUT NOTICE. PRICES AND AVAILABILITY ARE SUBJECT TO CHANGE. RENDERING AND VIEW ARE APPROXIMATE ONLY. E.&O.E.

CONDO PROFILE

Construction’s well underway and the building will be ready for move in next fall. —Jeanette Chaput

FRAMEWORK Experience the New Chinatown

t’s fun, eclectic and definitely a ’hood with a dynamic, new vibe. Over the past few years, Chinatown has been coming of age and it seems like every week a new restaurant or boutique shop opens their doors. In fact, since my last visit to Framework, the Propaganda coffee shop has opened right next door (think ultra-convenience for anyone who lives here), a crossfit gym and new yoga studio have popped up just down the road, plus there’s Ramen Butcher, a Japanese noodle house that at least

48 NEW CONDO GUIDE APR 17 - MAY 1, 2015

By Susan M Boyce

four of my friends have told me I “really, really need to check out.” Outstanding Value Savvy buyers have been responding, and Jeanette Chaput, Porte’s director of marketing and sales, tells me Framework is already half sold. “Construction’s well underway and the building will be ready for move in next fall. Where else in Vancouver can you own a one-bedroom penthouse home with parking and a view in a concrete building for under $450,000?”

Love Your Life Inside, Framework is filled with thoughtful, intelligent features to make life easy — like a bedroom with a fivefoot, walk-through closet (translation: lots of hanging space), ample room for a king-sized bed plus two night tables, and the convenience of a cosmetics shelf below the bathroom vanity. Still, it’s the kitchen that’s my favourite. All my “must have” features are here: fullsized oven (yes, a holiday turkey with all the trimmings would fit with no problem), four-burner gas range, full-sized fridge and a seriously large undermount sink. There’s unexpected details too: a built-in wine rack (after all, what’s a home without wine?), a convenient USB/ electrical outlet so I can charge all my electronic gadgets and gizmos even if I’m looking up a recipe online, plus a three-panel, floor-to-ceiling pantry that I’d visually calculate is at least five feet wide — honest, a five-foot pantry wall in a one-bedroom condo. Oh and here’s a cyclist’s alert. Every Framework home comes with secure bike storage on the same floor as your suite. “Homeowners love the peace of mind that comes with being able to park their bike just outside their front door,” Jeanette says. “And with so many people using two wheels for their work commute, it’s way more convenient too.”

Framework is now under construction at 231 East Pender Street. Presentation centre and the one-plus-flex display home are open noon to 5 p.m. daily except Fridays at 626 Main Street. For more information visit porte.ca/ framework or call 604.620.6223.

VANCOUVER

better design. bigger homes. T H E N EW FR A M EWOR K FOR EAST SIDE UR BA N

come see why framework is over 50% sold! 231 PENDER

porte.ca/framework 604.620.6223

presentation centre & 1+ flex showhome: 626 main street

studios from $274,900 1+ flex from $394,900 2 Beds from $449,900 open daily (closed friday) from noon â&#x20AC;&#x201C; 5pm

*Parking included in most homes, see sales representative for details. Sales by disclosure statement only, E&O.E. Framework homes are developed by Porte Development and Marketed and sold by Porte and RE/MAX Ken Leong.

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 49

CONDO PROFILE

Right in the heart of Mount Pleasant but still tucked into a quiet, tranquil pocket just a block off the main roads — really the best of all worlds. —Chris Brown meets modern white. Even the pure 21st Century gas range by Bertazzoni somehow creates an ambiance of tradition — or is it just that I’m already envisioning family gatherings where preparing meals is a shared, celebrated and definitely savoury event?

WOHLSEIN True to Mount Pleasant

ount Pleasant: undeniably one of Vancouver’s trendiest, most dynamic neighbourhoods. People here are proudly eclectic: creativity and the entrepreneurial spirit are woven into the very fabric of life. Many say Mount Pleasant is a place like no other and the only place they want to call home. So when Wohlsein opened its presentation centre at East Sixth and Scotia you can bet people took note. Named after “Zum Wohlsein,” the traditional toast to good health and happiness, this boutique collection of apartment residences boasts an intriguing fusion of historical references and modern style. Clearly the combination is resonating with homebuyers on the quest for something just a little different.

50 NEW CONDO GUIDE APR 17 - MAY 1, 2015

By Susan M Boyce

“Within eight weeks, we were 75 per cent sold, and now we’re preparing to start construction months ahead of schedule,” say Chris Brown, sales manager. “Buyers love knowing they’ll be right in the heart of Mount Pleasant but still tucked into a quiet, tranquil pocket just a block off the main roads — really the best of all worlds.” Urban Outlook Inside, Wohlsein’s style officially qualifies as “downright fun’n’funky” in my books. Cabinetry is a durable laminate but has the look of distressed wood, shower tiling I was sure was a deeply textured stone is easy-care porcelain, and the architecture gives a new spin the brick that practically defines this district’s character — hint: dark red

Connected Neighbourhood “This neighbourhood has so much happening and it’s convenient to absolutely everything,” Chris says. No kidding. In less than five minutes I can be cycling the Seawall, shopping on Main Street, or getting ready to hop off the bus that’s just whisked me to downtown Vancouver — I know because I’ve enjoyed every one of those activities many times. And since it’s noon, I figure it’s perfect timing to indulge in another Mount Pleasant tradition — a pub-style lunch at The Whip where it’s almost a given I’ll run into one of the local artists, shop owners or fellow cycling enthusiasts. Wohlsein is located at 311 East Sixth Avenue in Vancouver. Priced from the low $300,000s, every home includes parking and a storage locker. Be sure to ask for details about how you could own your home with a deposit of just five per cent. Presentation centre closing soon, so hurry in to see the display suite while you still can.

For more information, visit liveateast6th.com or call 604.558.0899.

CONDO WATCH

CONDO MARKET WATCH Condominium homes to keep your eye on By Susan M Boyce

Cameron

Walter’s Place

Burnaby

North Vancouver

ON THE WEB: ledmac.com/cameron INFO: 778.379.2191 HIGHLIGHTS: Priority registration is underway for a new Ledingham McAllister community coming soon to North Burnaby. This collection of four story apartment residences, city homes and townhomes will be located in a tranquil, creekside location close to exceptional neighbourhood amenities including Lougheed Mall, restaurants, schools, and transit to SFU. Priced from $339,900. Sales anticipated to begin this fall.

ON THE STREET: 1335 Draycott Road ON THE WEB: waltersplace.ca HIGHLIGHTS: Tucked into a quiet cul-de-sac, Walter’s Place will be a collection of 35 larger than average, two- and three-bedroom residences brought to you by Milori Homes. Modernist, West Coast architecture and an above and beyond commitment to environmental stewardship. Steps to Lynn Valley Village and a diverse array of the outdoor recreation that makes North Vancouver a favourite among active living enthusiasts. Priority registration now underway online.

Monarch at QE Park Vancouver ON THE STREET: Cambie and 28th Avenue PRESENTATION CENTRE (COMING SOON): City Square Mall Cambie at 12th Avenue ON THE WEB: liveatmonarch.ca INFO: 604.568.6883 HIGHLIGHTS: Priority register early for this opportunity to own a brand new condominium home on the Cambie Corridor and kitty-corner to the lush greenery of Queen Elizabeth Park with its sweeping views of downtown Vancouver and the North Shore mountains. Just steps to the King Edward Canada Line Station as well as the eclectic boutiques and restaurants of Cambie Village. Plus easy access to cycle routes, the Hillcrest Rec Centre, Oakridge, Langara College, and downtown.

Chroma Surrey ON THE STREET: 104 Avenue and 156 Street ON THE WEB: liveatchroma.ca INFO: 604.581.5399 HIGHLIGHTS: Now under construction, Chroma introduces 29 apartment residences to Surrey’s Guildford neighbourhood. Floor plans range from one-bedroom to spacious two-bedroom. Great location within easy walking distance of Guildford Town Centre, the revitalized Aquatic Centre with Olympic size pool, plus shops, restaurants, and parks. Sales anticipated to begin soon but you can priority register online now to receive more information ahead of the crowd.

Paragon Vancouver ON THE STREET: Main at East 7th Avenue ON THE WEB: paragonliving.ca HIGHLIGHTS: Information is still sparse but from the rendering this is going to be one very cool, very different looking building. Hint: angular glass and steel design, great views, outstanding location close to everything that make South Main such a popular, trendy place to call home. Priority register online so you’re among the first to receive more information as it’s released.

52 NEW CONDO GUIDE APR 17 - MAY 1, 2015

Tell Us Your News

Got a new development, opening, or other news you’d like us to feature in Condo Market Watch? Drop me a note at condomarketwatch@ypnexthome.ca, and we’ll do our best to get you in the next edition.

VANCOUVER

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 53

RO SS RD

Sky H

R VE GO TR

Sea To

EN D

NORTH SHORE | SQUAMISH | WHISTLER DEPOT RD

DR ORO

UG H

LONSDALE AVE

DR NS

CHEAKAMUS WAY

1a MARINE DR

GA RI

I LD

BA S

Y WA W AY

MARINE DR

BOULEVARD

A6 R

SEABUS

VE R GO

E NT

LOGGERS LN

QU E E NS WAY

RAVEN DR

A6. THE AVE BOUTIQUE RESIDENCES

A4. HEYWOOD ON THE PARK 1621 Hamilton Ave 604.985.0003 CH E

B UC

SQUAMISH

KLEY AVE

UD TEA PLA

DA VE DA VE

VAL LEY

54 NEW CONDO GUIDE APR 17 - MAY 1, 2015

IN S T

A2. DESTINY 2

Presentation Centre 238 Fell Ave 604.980.0016

ROBIN DR

E M A

A5. MILL HOUSE

A3. THE SHORE

VE YA WA AV ST UT E N T AV ES CK CH LO M R HE DD OR ILF GU

KEITH RD E

A1. LOCAL ON LONSDALE

590 Raven Woods Dr 604.929.1915

FINCH DR

LYNN CANYON PARK

MT SEYMOUR PKY

LEV LOW

W 17th Street and Lonsdale 604.998.0219

BRENNAN PA R K

E RK

NORTH SHORE

CENTENNIAL WAY

MAGEE ST

EL RD

STANLEY PARK y

N LY

R RY

KEITH RD W

MAMQUAM RD

Mountain Hwy

TH B

MATHERS AVE

EY LL A V

SD AL EA VE

LIGHTHOUSE PARK

DEMPSAY RD

LO N

INE

DALE R D

PERTH DR

MAR

CH IPPE N

CAPILANO RIVER REGIONAL PARK

STE VE

ESS

SOU

R CYP

L BOW

TANTALUS RD

CYPRESS FALLS PARK

15TH ST

NELSON CANYON PARK

LYNN HEADWATERS REGIONAL PARK

21ST ST

25TH ST

RUN

CYPRESS BOWL RD

EAG LE

NORTH SHORE CYPRESS

1268D Lynn Valley Rd 604.986.0007

Pemberton Ave and 16th St 778.985.4767

A7. WEST QUAY 21 Lonsdale Ave 604-988-8856

rton

Dolla

Hwy

NORTH SHORE/SQUAMISH/WHISTLER

YOUR TO OWN A

HOME ALMOST OF HOMES ARE NOW

HOT TUB

APPROVED

* LIMITATIONS APPLY. SALES BY DISCLOSURE STATEMENT ONLY. E&OE. SHORE PROJECTS LTD. ADERA REALTY CORP. 2200 – 1055 DUNSMUIR ST., VANCOUVER V7X 1K8 | 604.684.8277

THE BEST 6 WAYS TO LIVE WEST COAST

Coast architecture, sustainable the best outdoor public amenity in CREEKSIDE 1 West 4 –Canada design, and personalized interiors through and gateway to active Exclusive creekside enclave with classic

Newly extended Trans Canada Trail

i.D. By Me.

North Shore outdoors.

Signature West Coast Piazza – a vibrant euro-styled town square with celebrated public art and water features.

fitness centre, yoga room 5 equipped and social lounge.

Dedicated West Coast Club – fully

Epic views of the North Shore mountains and the Vancouver skyline from your private rooftop terrace designed for your own hot tub spa*.

Walking distance to the SeaBus and a full spectrum of shopping, from a master-planned community built by Adera.

HOMES

STARTING FROM $324,900*

adera.com 604.980.0016 theshore@adera.com

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 55

NORTH SHORE/SQUAMISH/WHISTLER

WE ALL HAVE

BAGGAGE

NOW, YOU HAVE A PLACE TO KEEP IT NOW SELLING

One of the real challenges of condo living can be not having enough

storage. At Mill House, we’ve taken care of that. Every home gets a secured personal gear garage. There’s room for your sports gear, seasonal things, and stuff you just don’t want in your home on a daily basis. And that means you can breathe easy – not just in the great outdoors, but in your new home, too.

56 NEW CONDO GUIDE APR 17 - MAY 1, 2015

MOUNTAIN HIGHWAY

Prices correct at press time. E.& O.E.

Nicely appointed 1+ Den – 3 bedroom homes with parking and personal gear garage.

marcon.ca/millhouse Sales Centre:

N LY

A O R

OPEN: Phone:

1268-D Lynn Valley Road, North Vancouver (Lynn Valley Mall, just north of Scotiabank) Noon - 5pm daily except Fridays 604.986.0007

Marcon Lynn Valley Homes Ltd.

NORTH SHORE/SQUAMISH/WHISTLER

OV ER

60%

The Biggest Decision of Your Day.

SOL D

Club Destiny, the 5,025 sq.ft. residents-only clubhouse

Destiny2 at Raven Woods is the most sought-after community on the North Shore and offers access to the outdoors like no other neighbourhood in Vancouver. These 1-, 2-, and 3-bedroom homes provide the life you want, for a price you can afford. Come discover your Destiny.

NORTH VANCOUVER

DEEP DEE COVE

Mt Seymour Pkwy

D ollar t

on H w y

Raven Woods Dr

B UR R A R D INLE T

Ironworkers Memorial Bridge to Vancouver

Presentation Centre and Display Suite

Homes starting from just $259,900. Visit us at DestinyLiving.ca

Open Daily Noon-5pm, Closed Fridays 590 Raven Woods Dr., North Vancouver 604-929-1915 | info@destinyliving.ca

The Developer reserves the right to make changes and modifications to the information contained herein without prior notice. Renderings, maps and photographs are representational only and may not be accurate. E.& .O.E.

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 57

CONDO VIEWS

Salient’s Paris Block + Annex in Gastown

AT HOME WITH HISTORY What’s so great about living in a heritage conversion building? By Stephanie MacDonald

t seems sort of self-evident that we should preserve parts of our built history. Old buildings connect us with the past, are usually visually appealing, and create interesting streetscapes with character. Even the much-maligned Vancouver Special has received revived popularity recently! But it was only in 1998 when the City of Victoria became the first municipality in British Columbia to use a new heritage planning tool: property tax incentives introduced by the provincial government in 1994. The City introduced a program that provides property tax exemptions for up to 10 years to developers who convert vacant or underused upper storeys of downtown

58 NEW CONDO GUIDE APR 17 - MAY 1, 2015

heritage buildings to a residential use. In Vancouver this initiative has been taken even farther. “For developers, if you can’t build extra density on the historic site then you can transfer that density onto another site”, explains Michael Geller, veteran architect, planner, developer and educator. There has been a bit of an issue with this though, he goes on to say, as developers have ended up transferring so much, there’s become a “density bank”, where other developers can then buy this density, and there’s so much of it, the city doesn’t even know where to put it all. “But what it does really show, is that there’s a strong interest in doing this. The person who knows the

Salient’s Bowman Block in Gastown

most about this is Robert Fung, he’s done so many great restoration projects.” “We are down to the last handful of properties that can be done in Vancouver proper,” says Robert Fung. As principle of Salient Group, the company instrumental in revitalizing Gastown and other parts of the city, Fung really knows what he’s talking about. He goes on to explain that, as a fairly young city, Vancouver had a limited stock of these buildings in the first place, which makes the ones we have more valuable. Donald Luxton, of Donald Luxton & Associates, is the head of the foremost cultural and resource management firm in Western Canada, and he agrees with Fung. “The City of Vancouver does actually have some great heritage building stock but that stock is certainly eroding as the city grows. There are about 2,200 sites on the Heritage Register, about onequarter of which are legally protected.” So the first reason buying into a heritage property is a great idea is a very basic one: financially, due to relative scarcity, these projects hold their value over time. Recent studies in Michigan and other states have shown that property values in designated local historic districts almost always

Salient’s Trapp + Holbrook in New West

increase and never decrease. Property owners—and bank lenders—find local historic district designation a protection for their investments. Another reason reason these places hold their value is that they add significantly to the vibrancy and social dynamic of their neighbourhoods. Historic preservation promotes downtown revitalization, neighbourhood stabilization, affordable housing and cultural tourism while preserving community character. Before strip malls and freeways became the norm, the streetscapes were much more pedestrian-friendly, which adds to community health and interactions between neighbours. An outcome of stable neighborhoods is that they attract single-family property owners to downtowns. Historic districts are also often noted as the most diverse of community neighborhoods. And if that wasn’t enough, keeping existing buildings is environmentally friendly, even when they need significant upgrades. By keeping neighbourhoods with a residential component and diversifying the types of residences, it slows the rate of urban sprawl, as well as

Westbank’s Woodward’s project

keeping building materials out of landfills. But there are challenges of course. Donald Luxton explains, “The amazing thing to me is that anything gets preserved with the land values that we have, which says something about the way in which the city is able to negotiate retention. Sometimes it takes a lot of creativity, and the solution isn’t always ideal. But there are a lot of great examples of heritage retention. We haven’t lost a major downtown building in a long time.” One of the most famous recent examples of a historic preservation project that combined elements of densification, restoration, social housing and dynamic mixed-use development is Westbank’s ambitious Woodward’s project in Gastown. Ambitious because it plays with modernity and history, as well as tackled the question of “who wants to live on the Downtown East Side of Vancouver?” Evidently, many people do. Salient Group also faced many hurdles when developing their inspiring Bowman Lofts and Terminus projects in Gastown; trying to sensitively restore these historically-important buildings while providing, modern, elegant living spaces. With the stock of appropriate residential

buildings in downtown Vancouver dwindling, Salient Group has embarked on a new adventure: New Westminster. Columbia Street used to be the commercial centre of Metro Vancouver. Bustling back when New West was the capital of the province, the last few decades it’s more the place you would go to by a wedding dress or see an exotic dancer. But the beautiful classic architecture and inviting streetscape were an obvious lure to Fung and Salient Group. “New West is a delight,” he says. Other people evidently agree, as Trapp + Holbrook, Salient’s newest venture on Columbia Street is almost sold out. And the appreciation of the historic façade, which was preserved with the modern building rising behind it, is also clear. “Once the restored façade was unveiled, sales went up exponentially” he explains. With more projects revitalizing New West in the works, now is definitely time to jump on this old-timey bandwagon. Remember, at one time, not so long ago, Yaletown was a neglected bunch of run-down old warehouses, that people didn’t want to walk around, let alone live in. For part two of this story, see the May 1 issue of the New Condo Guide. APR 17 - MAY 1, 2015 NEW CONDO GUIDE 59

NORTH SHORE/SQUAMISH/WHISTLER

MOVE IN TODAY

60 NEW CONDO GUIDE APR 17 - MAY 1, 2015

NORTH SHORE/SQUAMISH/WHISTLER

GET IT WHILE

YOU CAN! › NET GST INCLUDED ON ALL REMAINING HOMES

› OWN WITH 5% DOWN › MOVE IN SPRING OVER 90% SOLD

Luxury 1–3 bedroom condos, bordering on 39.5 acres of protected parkland with no direct neighbours, in North Vancouver.

HEYWOODLIVING.CA 604.985.0003 VISIT OUR SALES CENTRE 1621 HAMILTON AVE, NORTH VANCOUVER | OPEN HOURS 12–5PM DAILY (CLOSED FRIDAYS) Prices correct at press time and are subject to change without notice. E.&O.E. Marcon PC Urban Homes Ltd.

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 61

R IVE

KNIGHT ST

99 VANCOUVER INTERNATIONAL AIRPORT (YVR)

R DR

R RD | TSAW WA SSE N RR R I C H M O N D | D E LTA | L A D NIVEE

RICHMOND

NO 3 RD

Richmond Hwy

NO 6 RD

NO 5 RD

Westminster Hwy

RICHMOND NATURE PARK

GRANVILLE AVE

RICHMOND CENTRE

GRANVILLE AVE

R DR

CAMBIE RD

ALDERBRIDGE WAY

LANSDOWNE PARK MALL

NO 4 RD

WESTMINSTER HWY

RICHMOND NATURE PARK

KNIGHT ST

DR SHELL RD

GARDEN CITY RD

W AY R KE RU SS

CAMBIE RD

R IVE

CAMBIE RD BRIDGEPORT RD

GRANT MCCONACHIE WAY ALDERBRIDGE WAY

LANSDOWNE PARK MALL

RICHMOND CENTRE

NO 6 RD ER

GRANVILLE AVE

99 R IV

NO 4 RD

NO 3 RD

NO 5 RD

GARDEN CITY RD

W AY R KE BA SS RU A3

WESTMINSTER HWY

CAMBIE RD

VANCOUVER INTERNATIONAL AIRPORT (YVR)

SHELL RD

BRIDGEPORT RD GRANT MCCONACHIE WAY

Richmond Hwy

Westminster Hwy

GRANVILLE AVE

BLUNDELL RD

RD R A AVE

48TH AVE

se rR 62ND B ST

B ST 53RD ST

RO 47TH AD

41ST B ST

OV E

TSAWWASSEN 28TH AVE

A4. TEMPO

A6. ORCHID

#3Rd & Landsdown Rd orchidbybeedie.ca

53RD ST

7720 Alderbridge Ave 604.276.8885

6511 Buswell St ellerichmond.com

41ST B ST

5171 Brighouse Way 604.233.2633

B1. CITYHOMES AT NORTHGATE 56TH ST

A5. ELLE

1708 55A St (at 18th Ave) 604-948-2345

ENGLISH BLUFF RD

A3. RIVER GREEN

28TH AVE

12TH AVE

6TH ST

6TH AVE

62 NEW CONDO GUIDE APR 17 - MAY 1, 2015

U R DR

R IV

U R DR

Oval Village 5640 Hollybridge Way 604.276.8683

ARTH

A2. CADENCE BY CRESSEY

ARTH

AC H

72 AVE

RICHMOND

VE BOU N DARY BAY R EG IONAL PAR K

CE M ETE RY

R IV

Y WA

113 ST

115 ST

SOUTH DE LTA PAR K

74 AVE

N KSO

8A AVE

JAC

12 AVE

48TH AVE

47TH A AVE

56 ST

75 AVE

75A AVE

12 AVE

53A ST

CHALM E R S PAR K

W AY EL RD O

53A ST

DEAS ISLAND REGIONAL PARK

G RAU E R PAR K

C OAST TSAW WAS S E N I N N

119A ST

O YM RR

DE LTA NATU R E R E S E RVE

MONROE DR

78B AVE

IC A

LADNER

55 ST

80 AVE

116 ST

TSAW WA S S E N

B EACH G ROVE GOLF C OU R S E

118 ST

MACK I E PAR K

ENGLISH BLUFF RD

BL VD

112 ST

AVE FINN 18 RD

52 ST

NT A

82 AVE

80 AVE

SCOTT RD

I LT SH

NORDEL WAY

is Hw

c Anna

84 AVE

R62ND RD

S P LAS H D OW N PAR K

DEAS ISLAND REGIONAL PARK

FINN RD

112 ST

NO 3 RD

TSAW WAS S E N GOLF CLU B

NO 3 RD

56 ST

90 AVE

NORTH DE LTA PAR K

Fr a

R IV

52 ST

116 ST

MONCTON ST

R IV

MONCTON ST

GARRY POINT PARK

96 AVE

GARRY POINT N O R T HPARK D E LTA

ive r

NO 6 RD

ive r se rR Steveston Hwy

Steveston Hwy Steveston Hwy

Fr a

Steveston Hwy

NO 5 RD

SOUTH ARM PARK

NO 4 RD

WILLIAMS RD

NO 5 RD

NO 3 RD

GILBERT RD

NO 2 RD

RAILWAY AVE

SOUTH ARM PARK

FRANCIS RD

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

CANADA’S MOST SIGNIFICANT WATERFRONT COMMUNITY

ACRE

COMMUNITY

1.1

KILOMETRES OF WATERFRONT

STAR

AMENITIES

A LEGACY IN THE MAKING

RIVER GREEN COMMUNITY Aspac Developments Ltd, the developer of Coal Harbour, is proud to present their latest exclusive waterfront community - River Green. Experience the new benchmark in luxury waterfront living along 1.1 kilometres of majestic shoreline. Awarded the 2014 Urban Development Institute Award of Excellence for the Best Master Planned Community. River Green is Richmond’s most valued and sought after luxury residences.

Illustration reflects the artist’s interpretation of the project and may be noticeably different than what is depicted. PRIORITY REGISTRATION This advertisement is not an offering for sale. Such an offering can only be made with a disclosure statement. E. & O. E.

www.rivergreen.com | 604.233.2633

Illustration reflects the artist’s interpretation of the project and may be noticeably different than what is depicted. This advertisement is not an offering for sale. Such an offering can only be made with a disclosure statement. E. & O. E.

RICHMOND/DELTA/LADNER/TSAWWASSEN

64 NEW CONDO GUIDE APR 17 - MAY 1, 2015

BU R NABY | N E W WE S TM I N S TE R

NEW WESTMINSTER

BARNET MARINE PARK

INL ET

G GA

ROYAL OAK AVE

WILLINGDON AVE

ROYAL OAK AVE

theamazingbrentwood.com 604.563.8386

QUEEN’S PARK

E AV ALB5B2 Y B1 RO

DUNCAN ST

E WAY

A6. NOVELLA

YD BO

ST VE

BOUNDARY RD

A 170 - 3355 North Rd EN EW 604.563.5777

A7. STATION SQUARE

A10. CROWN

4670 Assemble Way stationsquare.ca

A8. ALTITUDE

89955 University High Street 604.456.8883

A9. LIFT

604.456.0688

5021 Kingsway

A4. MODELLO

AY TW

1710 Gilmore Avenue 604.291.9130

AR EW

A3. AVIARA

Griffiths Dr & 14th Ave 604.527.7955

Y WA

A2. REDBRICK

E AV

MAR IN

BURNABY

MARIN E WA Y

SOUTHRIDGE DR

E AV

BRAID ST

H 0T

MAR IN E

E AV 6T

NELSON AVE

H 8T

A1 A2

IMPERIAL ST

PATTERSON AVE

E AV

T 10

IMPERIAL ST A12

WA Y

AY W

A AD

KI N

E AV

D ST

702 Columbia St 604.525.0223

B5. RIVERSKY

659 Columbia St 604.522.2583

B6. THE SAPPERTON AT BREWERY DISTRICT B6. PORTAGE PORT ROYAL

OAKL AN

B4. TRAPP & HOLBROOK

285 Nelson's Court 604.525.3941

BURNABY LAKE REGIONAL PARK

GILLEY AVE

BOUNDARY RD

LOUGHEED MALL

DEER LAKE

DEER LAKE PARK

METROTOWN

A5. BRENTWOOD

A10

AD AW AY

SE MARINE DR

AUSTIN AVE

CA N

CENTRAL PARK

R LA

AY IW

Lougheed Hwy

SPROTT ST

220 Salter St 604.520.9890

AR U DI WA Y

SQUINT LAKE PARK

N CA

49TH AVE

E N IV

GA GL

BROADWAY

A11

B3. GLASS HOUSE

EYS TON

D ITY

NORTH RD CL

BURNABY MOUNTAIN GOLF COURSE

BCIT

125 Columbia St 604.523.0081

SFU

CLIFF AVE

A5 BRENTWOOD MALL

B1. NORTHBANK

Barnet Hwy UN IVE RSITY DR

A8 A9

SPERLING AVE

HOLDOM AVE

WILLINGDON AVE

HASTINGS ST

BURNABY MOUNTAIN PARK

CONFEDERATION PARK

9350 University High Street, 604.320.3386

Presentation Centre #104 - 552 Clarke Rd 604.939.8868

A11. ALDYNNE ON THE PARK

5808 Patterson Ave 604-451-9517

A12. SUBORA

6875 DUNBLANE AVE. 604-807-4353

aragon.ca/Portage

AMAZING VALUE

8 fundamental reasons why Brentwood TWO is the best real estate value in Metro Vancouver.

1 2 3 4

THE VISION Over $1 billion invested SHOPPING & DINING 350+ of the best fashion, dining, grocery, entertainment and services are all downstairs SERVICE & SECURITY Shape’s commitment to own, operate and manage all properties in their portfolio ENDLESS VIEWS An average balcony size of 167 sq.ft. with amazing views from every home

5 6 7 8

TRANSIT AT YOUR DOOR 100 steps to Brentwood SkyTrain station ARTS & ENTERTAINMENT Expect big holiday celebrations, events, live music and public markets year round AMAZING HOMES Side-by-side washer dryer, integrated appliances and Burnaby’s best kitchen VERIFIED VALUE A sound investment with long-term appreciation & quality living

VISIT THE PRESENTATION CENTRE & THREE SHOW HOMES TODAY. 4567 LOUGHEED HIGHWAY, BURNABY (BRENTWOOD MALL). OPEN DAILY12-5PM THEAMAZINGBRENTWOOD.COM 604.563.8386 The developer reserves the right to make changes and modifications to the information contained herein without prior notice. This is not an offering for sale. E.&O.E.

WILLINGDON AVE.

NOW SELLING. TWO BEDROOM HOMES FROM $439,900 - $723,400 THREE BEDROOM HOMES FROM $886,900 - $2.9 MILLION

LOUGH EED HWY.

CONDO PRO

Condo living is “right” for just about everyone By Barbara Lawlor

ecently, I was looking at the Canada Mortgage and Housing Corp. website, where users can download the “Condominium Buyer’s Guide,” which contains a section called, “Is condominium ownership right for me?” It occurred to me that nowadays, condominium living is “right” for just about everyone. The surge in condo sales across the Metro Vancouver area over the past decade, and the widening demographic of buyers are evidence of the popularity of this lifestyle. People of all ages are seeking homes that offer ease of living to help them find some sort of life balance with their frantic work and school schedules. Simply put, in a condominium, residents have more time for leisure activities, because maintenance on the exterior and common areas is all taken care of. Of course, price is a factor, now that the average price of a lowrise home in the area has exceeded $700,000. Entering the market is financially challenging for first-time buyers, and for many of them, a compact condo suite is an affordable “starter” home. Growing families have the expenses that come along with raising children, so an attainable price point is appealing. Raising children in urban areas is a familiar concept with people who immigrate here from Europe, the Orient and other countries. Vancouver, and in fact the Lower Mainland, have good school systems, and every municipality is dotted with natural areas such as lush parks. Even in the heart of Vancouver, you can walk your dog and take the kids to the park to play.

Empty-nesters and seniors are finding it challenging to live on their pensions and/or savings, so economically, a condominium makes sense for them as well. Most condominium suites are single-level designs, which is great as our joints become a bit stiffer with age and mobility issues arise. Going to the pool for a swim, heading to the fitness centre for an aerobics class, or meeting friends for a game of bridge in the lounge can be just an elevator ride away. Hosting family events such as birthday parties, baby or wedding showers and the like is a breeze when there’s a party room right in the building. Busy professionals appreciate condominiums’ locations close to transportation nodes, and all buyers like being able to access amenities under their roof. Single women and families feel safer in a condo, where they have security measures in place and a concierge at the main entrance providing eyes on the street. Roommates are pooling their resources and buying condos to start earning equity. I know of parents who are buying condo suites for their grown children to live in while attending university, then selling them after a few years. Some buyers select a twobedroom suite and rent out the second bedroom, and there are also those who buy strictly as an investment. With the population of Metro Vancouver growing by leaps and bounds, condominiums will be in demand for years to come. In anticipation of and in response to these evolving demographic needs,

our superb developers have been expanding on the wonderful amenities included in condominium residences. In essence, these buildings are vertical communities where people get to know each other by meeting in the hallways, elevators and amenity spaces. From welcoming lobbies that become your second living room, to glorious terraces with barbecues, lounge seating and any number of other fabulous features, today’s condos are every bit a “home” as detached houses. You never really know where life will take you, but whether you are 18, 30, 50 or older, I think there’s a good chance that at some point, you will opt for condo living.

Barbara Lawlor is president and CEO 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.

BURNABY/NEW WESTMINSTER

70% SOLD

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 69

% 0 5

D L O

BREWERY DISTRICT H AV I N G E X T R A M O N E Y

T H E L O W E R M A I N L A N D ’ S B E S T V A L U E on T R A N S I T E V A E T T E N U

NEW WESTMINSTER

AT S A P P E R TO N S KY T R A I N S TAT I O N

2 BEDS FROM $365,900

SALES CENTRE 285 NELSON’S COURT

E CO LU M BI A ST

1 BED FROM $229,900

N O O N – 6 P M (C LO S E D F R I DAYS ) I N F O @ T H E B R E W E R Y D I S T R I C T.C A T H E B R E W E R Y D I S T R I C T.C A 604.525.3941

This is not an offering for sale. One can only be made by way of a disclosure statement. Prices are subject to changed without notice. E.&O.E.

BURNABY/NEW WESTMINSTER

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 71

IN THE NEWS

REBGV: Spring has sprung DEMAND CONTINUED TO RISE ACROSS METRO VANCOUVER’S HOUSING MARKET IN MARCH

he Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 4,060 on the Multiple Listing Service® (MLS®) in March 2015. This represents a 53.7 per cent increase compared to the 2,641 sales recorded in March 2014, and a 32.6 per cent increase compared to the 3,061 sales in February 2015. Last month’s sales were 26.8 per cent above the 10-year sales average for the month. “We’re seeing strong competition amongst home buyers today. This is leading to more multiple offer situations and some upward pressure on home prices,” Darcy McLeod, REBGV president said. “For sellers, this means that it’s taking less time, on average, for your home to sell if you have it priced correctly for today’s market.” New listings for detached, attached and apartment properties in Metro Vancouver totalled 5,968 in March. This represents a 13 per cent increase compared to the 5,281 new listings reported in March 2014. Last month’s new listing count was 4.7 per cent higher than the region’s 10-year new listing average for the month. The total number of properties currently listed for sale on the REBGV MLS® is 12,376, a 14.5 per cent decline compared to March 2014 and a 4 per cent increase compared to February 2015. “The number of homes for sale today is below what’s typical for this time of year,” McLeod said. “If you’ve been considering putting your property on the market, these market conditions indicate that now may be a good time to list.”

72 NEW CONDO GUIDE APR 17 - MAY 1, 2015

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $660,700. This represents a 7.2 per cent increase compared to March 2014. The sales-to-active-listings ratio in March was 32.8 per cent. This is the highest that this ratio has been in Metro Vancouver since July 2007. Sales of detached properties in March 2015 reached 1,711, an increase of 53.3 per cent from the 1,116 detached sales recorded in March 2014, and an 83.4 per cent increase from the 933 units sold in March 2013. The benchmark price for a detached property in Metro Vancouver increased 11.2 per cent from March 2014

to $1,052,800. Sales of apartment properties reached 1,627 in March 2015, an increase of 47.1 per cent compared to the 1,106 sales in March 2014, and an increase of 65.7 per cent compared to the 982 sales in March 2013. The benchmark price of an apartment property increased 3.3 per cent from March 2014 to $390,200. Attached property sales in March 2015 totalled 722, an increase of 72.3 per cent compared to the 419 sales in March 2014, and a 67.1 per cent increase from the 432 attached properties sold in March 2013. The benchmark price of an attached unit increased 4.9 per cent between March 2014 and 2015 to $484,900.

BURNABY/NEW WESTMINSTER

ITE

NOW

SELLING Open Daily 1-5pm

(except Fridays)

O 9R

V KA

R BU

Close to parks and amenities Upscale fixtures & finishings Spacious balconies 20 min. to Downtown Vancouver by SkyTrain

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 73

BURNABY/NEW WESTMINSTER

74 NEW CONDO GUIDE APR 17 - MAY 1, 2015

! S E M O 4 H 9 G L N A I N S I O F L C E C I F F O D R S E L SA 3 Y A M We’re Just Doing the

FINAL INAL TO INAL TTOUCHES OUUCCHHES ES MOVE IN THIS MONTH

HOME

TYPE

PRICE INCL. GST

HOME

TYPE

PRICE INCL. GST

1204

517

1 BED

$249,900

1907

505

1 BED

$284,900

402

617

1 BED LOFT

$299,900

704

598

1 BED

$329,900

H O M T E S S M LO NO

1 BLOCK TO SKYTRAIN · 1 BLOCK TO WATERFRONT PARK · STUNNING VIEWS · TAILORED KITCHEN WITH BREAKFAST BAR · 5 PIECE DESIGNER APPLIANCE PACKAGE · PORCELAIN TILE FLOORS AND TUB SURROUND WIDE-PLANK LAMINATE FLOORING · BRICK FEATURE WALL · FREE SHAW 1 YEAR INTERNET + CABLE + HDPVR · SLIDING GLASS WALL PANELS FOR FLEXIBLE LIVING · PARKING WITH EVERY HOME

NEW WESTMINSTER STATION RIVER MARKET

U OL

PRESENTATION CENTRE: 702 COLUMBIA STREET, NEW WESTMINSTER OPEN DAILY 12–5PM, CLOSED FRIDAYS OR BY APPOINTMENT

604 525 0223 THLIVING.COM

*ASK SALES STAFF FOR DETAILS. PRICING, SIZING AND AVAILABILITY ARE SUBJECT TO CHANGE. RENDERINGS AND PHOTOGRAPHY ARE APPROXIMATE ONLY. THE DEVELOPER RESERVES THE RIGHT TO MAKE CHANGES TO THE INFORMATION CONTAINED HEREIN WITHOUT NOTICE. E.&O.E.

CEDAR DR

PITT MEADOWS | MAPLE RIDGE DOMINION AVE

224TH ST

DEWDNEY TRUNK RD

210TH ST

DEWDNEY TRUNK RD

216TH ST

y M EADOW GARDENS

124TH AVE

232RD ST

DEWDNEY TRUNK RD

228TH ST

224TH ST

227TH ST

123RD AVE 203RD ST

DEWDNEY TRUNK RD

HAMMOND RD

240TH ST

PITT M EADOWS

207TH ST

S BONSON RD

HARRIS RD

AIRPORT

R IVE

R RD

116TH

248TH ST

FORD RD

HARRIS RD

GOLF COURSE

AVE

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

A KA KAN

WAY

110TH AVE 108TH AVE GOLDEN EARS BRIDGE

104TH AVE

102TH AVE

MAPLE RIDGE 1. SIGNATURE AT FALCON CENTRE 11862 226th Street 604.477.1500

2. REFLECTIONS ON THE RIVER 22327 River Road 604.477.1500

76 NEW CONDO GUIDE APR 17 - MAY 1, 2015

3. STATION ONE 12070 227th St. 778-878-1347

JAC KS O

ghe

Lou

240TH ST

DR MACLU RE

PITT MEADOWS/MAPLE RIDGE

Maple Ridge’s Best Choices for Condominium Living

LUXURY WITHIN REACH

MOVEMENT IS LIFE

Over-sized Windows • Expansive Living Spaces • Upscale Finishes Customizable Plans • Convenient Downtown Maple Ridge Location Close to Shopping and Recreation

Water Views • Large Outdoor Living Spaces • Over-sized Windows Spacious Kitchens with Gas Ranges • Exquisite Bathrooms Over-sized Tile Surround Shower • Walking Distance to West Coast Express

DEWDNEY TRUNK RD PRESENTATION CENTRE

AT FALCON CENTRE

LOUGHEED HIGHWAY

A BOUTIQUE COLLECTION OF 23 CONDOS UP TO 1,540 SQ FT IN DOWNTOWN MAPLE RIDGE

ER RD

RIV

ER R

604.477.1500 www.signaturefalconcentre.com

Craftsman Inspired Homes Amazing Interiors • Outdoor Living Spaces Close to Kanaka Creek Regional Park

7 HA

N SIO

Presentation Centre open daily noon - 5pm 101-11882 226 Street, Maple Ridge

MIS

SIO

MIS

HA SE

223

7 N

RIV

DOWNTOWN MAPLE RIDGE

LOUGHEED HIGHWAY

ONE, TWO AND THREE BEDROOM CONDOS UP TO 1,530 SQ FT IN A VIBRANT WATERSIDE COMMUNITY

VANCOUVER

DEWDNEY TRUNK RD

222 ST

226 ST

222 ST

DOWNTOWN MAPLE RIDGE

Presentation Centre open daily noon - 5pm 22327 River Road, Maple Ridge

604.467.0692 www.reflectionsliving.com

New Showhomes open daily noon - 5pm

www.wynnridge.ca

11007 Harris Drive, Maple Ridge • 604.466.6388

For more than thirty years Falcon Homes has been designing and building exceptional residential and commercial projects in the Lower Mainland. We pride ourselves on our commitment to quality construction and our dedication to building communities.

604.941.2092

falconhomes.com APR 17 - MAY 1, 2015 NEW CONDO GUIDE 77

INSIDE MORTGAGES

Keep an eye on your consumer debt IT CAN AFFECT YOUR MORTGAGE QUALIFICATION By Kris Grasty

tâ&#x20AC;&#x2122;s hard to ignore the many news reports about the alarming rise in consumer debt lately. The staggering figure of the average family carrying 163 per cent debt in comparison to income is frightening, but one has to remember that a large portion of this figure is typically a mortgage. The debt on a home is considered good debt, as it is typically at lower interest and is secured by an appreciating asset. Only 0.01% of insured mortgages go into foreclosure, as most Canadians are equity rich and prioritize paying for the

home. The larger issue here is the Consumer Debt on higher interest accounts like credit cards, car loans and lines of credit. These debts build due to purchases of depreciating assets that are of little to no value when the debt can still exist. Surprisingly, there have been no restrictions on this profitable side of the lending business. With the new lending rules, mortgage

HOUSEHOLD INCOME $100,000 Monthly Payment

Debt Level

Monthly Payment

Debt Level

Monthly Payment

Credit Card

$5,000

$150

$5,000

$150

Line of Credit

$10,000

$300

$20,000

$600

Car Payment

$300/mo

$300

$300/mo

$300

Total Debt Payments

$750

$1,050

Home Value

$536,000

$515,700

$453,500

Mortgage Amount

$525,200

$504,300

$440,100

Assumptions: 5% down payment ($28,000), 2.89% Fixed with 25yr Amortization, $3500 Property Taxes and heat. 78 NEW CONDO GUIDE APR 17 - MAY 1, 2015

HOUSEHOLD INCOME $75,000 Monthly Payment

Debt Level

Monthly Payment

Debt Level

Monthly Payment

Credit Card

$5,000

$150

$5,000

$150

Line of Credit

$10,000

$300

$20,000

$600

Car Payment

$300/mo

$300

$300/mo

$300

Total Debt Payments

$750

$1,050

Home Value

$425,000

$360,500

$298,300

Mortgage Amount

$416,204

$349,700

$285,500

Assumptions: 5% down payment ($24,000), 2.89% Fixed with 25yr Amortization, $2500 Property Taxes and heat.

underwriting has become further regulated and it’s now not as easy for people to qualify for their mortgage (and even for their renewal on a home they already live in and easily pay for). One of the largest issues is unsecured consumer debt. Three per cent of all unsecured debt payments must be used as your calculated minimum monthly payment! On a $10,000 Line of Credit that has a real world monthly payment of around $150, we now have to use three per cent of the balance or $300 as the minimum payment. This takes away income that could be used to pay for or qualify for a mortgage and effectively reduces your potential purchase price. Let’s look at a few examples to illustrate the affect that the three per cent payment rule may have on you. As you can see by the numbers

above, there is a steep drop in housing affordability and mortgage qualification as we add or increase consumer debt. As a result, we are seeing more often than ever a requirement to reduce or pay off debts prior to mortgage approval. Start planning sooner. Call your Mortgage Broker and assess your financial situation earlier to identify ways to reduce the unsecured debts and set up your personal financial outlook. With the prime interest rate reductions, refinancing some of this debt into your mortgage at lower rates is another option to consider. If you are thinking of buying a new car or thinking of getting a line of credit – wait! You can always qualify for these extras after your purchase or renewal. I have seen a new car payment be just enough to get in the way of a client and their dream condo.

Kris Grasty is a mortgage broker with Dominion Lending Centre’s Canadian Mortgage Experts and and a Finalist in the 2014 Canadian Mortgage Awards. Kris maintains a strong focus on educating clients on all options. For more information visit his website at www.krisgrasty.ca or reach him at kris@cmexp.com.

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 79

LV D KW AY B

UB TEA PLA

COAST MERIDIAN RD

RIDGE PARK

ET R

WA Y

PA R

LVD

COQUITLAM | PORT COQUITLAM | PORT MOODY | PITT MEADOWS

VICTORIA DR

Barnet Hwy

COQUITLAM CENTRE

LINCOLN AVE

DEWDNEY TRUN K RD PRAIRIE AVE LD

BRU

SY AVE

TE N ET

DAW ES

Lou

ghe

ed H

H IL LR

B3 B4

heed

AUSTIN AVE

MUNDY ST

MARI NE R WAY

MUNDY PARK

AUSTIN AVE

Hwy

AU G

SW AY AV E

DOMINION AVE

Loug

COMO LAKE PARK

LINTON ST

SMITH AVE

GATENSBURY ST

OTTAWA ST

COMO LAKE AVE

BLUE MOUNTAIN ST

DEWDNEY TRUNK RD

COLONY FARM REGIONAL PARK

ary

l Hil

s as

MEADOW GARDENS GOLF COURSE

p By

FORD RD FRASER RIVER PITT MEADOWS AIRPORT

COQUITLAM A1. CROWN

520 Como Lake Ave Presentation Centre #104 - 522 Clarke Rd 604.939.8868

A2. CHARLAND

2102 - 963 Charland Ave 604.492.3388

A3. UPTOWN2

bosaproperties.com 604.939.2677

A4. BRADLEY HOUSE 3107 Windsor Gate 604.942.8416

80 NEW CONDO GUIDE APR 17 - MAY 1, 2015

123RD AVE

DEWDNEY TR

HAMMOND RD

PORT COQUITLAM A5. HAZEL

827 Roderick Ave 604.937.2599

A6. EVERGREEN

251 Clarke Rd (In Uptown2 Sales Centere) 604-942-2672

A7. NOVELLA

711 Breslay St Presentation Centre #170 - 3355 North Rd (at Cameron St) 604-563-5777

HARRIS RD

NORTH RD

210TH ST

ST JOHNS ST

B1. ORCHID

2455 Wilson Ave. 604.866.4206

B2. FREMONT GREEN Fremont Connector 604-468-0084

B3. PRIMA

#110 - 2255 Wilson Ave 604.945.3999

B4. SPRING ON KELLY 2214 Kelly Ave. 778.809.3488

GOLDEN EARS BRIDGE

207TH ST

PIONEER MEMORIAL PARK

INLET PARK

LA NS BL VD DOW

203RD ST

TA IN

R TO IC

S BONSON RD

ROCKY POINT PARK

AVE

HARRIS RD

w H

SHORELINE PARK

DAV ID

TOWN CENTRE PARK

CEDAR DR

COAST MERIDIAN RD

R IT AG E

JOHNSON ST

et rn Ba

PI N

DAVID AVE IOC

COQUITLAM/PORT COQUITLAM/PORT MOODY

OV E

MOVE-IN READY TWO-BEDROOM HOMES FROM $324,900

TO DA Y!

Discover Bradley House by Polygon – a limited collection of stylish two-bedroom apartment residences at Windsor Gate,

Enjoy an unparalleled location, just minutes from the future

Windsor Gate Lincoln Ave

Kensal Place

Pipeline

Coquitlam’s landmark masterplanned community.

Evergreen Line, top schools, shops, eateries and endless natural amenities.

Two-bedroom homes from $324,900

3107 Windsor Gate, Coquitlam, open Noon to 6pm (except Friday) Telephone: 604.942.8416 Email: bradleyhouse@polyhomes.com

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 81

COQUITLAM/PORT COQUITLAM/PORT MOODY

ON KELLY

SPRING HAS

SPRUNG OWN A TWO BEDROOM HOME FOR

$975 per month*

REEVE ST.

KELLY AVE.

SPRING

WELCHER AVE.

SHAUGHNESSY ST.

GATES PARK

HAWTHORNE AVE.

PITT RIVER RD.

BOUTIQUE BUILDING

Situated in the heart of Port Coquitlam and steps away from shopping, restaurants and the West Coast Express. Spring On Kelly is surrounded by nature, minutes away from Gates Park and the Coquitlam River. Step into Spring and make yourself at home.

springonkelly.com *Payment based on purchase price of $260,000, 20% down payment, mortgage rate 2.79% E&O.

SALES CENTRE OPEN DAILY 12-5 EXCEPT FRIDAY

2214 Kelly Avenue, Port Coquitlam

82 NEW CONDO GUIDE APR 17 - MAY 1, 2015

ROYAL LEPAGE WEST REAL ESTATE SERVICES

COQUITLAM/PORT COQUITLAM/PORT MOODY

G2 ! N I LD LLING I U B SE NOW

Artist’s rendering: Orchid as viewed from Wilson Avenue

Orchid Riverside Condos PRICES STARTING FROM

$179,900

EARN 5% INTEREST ON YO OUR DEPOSIT*

Orchid’s carefully crafted layouts showcase urban contemporary design inside and out with everything you love at your doorstep. Orchid is just steps from the river, adjacent to the Traboulay PoCo Trail and a 5-minute walk from the West Coast Express. On-site amenities include 3 fitness rooms, a yoga studio, sauna, theatre room, pet washing room and a bicycle workshop... to name just a few.

PRESENTATION CENTRE: Open Daily Noon - 6 PM (except Fridays) Traboulay PoCo Trail mR quitla

iver

Orchid Presentation Centre

Gates Park

Building One Occupancy: 2015 Building Two Occupancy: 2017

2455 Wilson Avenue, Port Coquitlam

*See Orchid sales staff for details

WE ACCEPT DEPOSITS PAID BY: Cheque • Credit Card • Bitcoin Quantum Properties, a British Columbia company, has been developing properties and constructing multi-family residential and commercial buildings since 2000. The Quantum Properties Group of Companies includes Quantum Realty and Quantum Properties Construction. Marketed by Quantum Realty Inc. and Trevor Street PREC, Keller Williams Elite Realty. 778.846.9096. Managed by the Quantum Properties Group of Companies. This is not an offering for sale. Any such offering may only be made by disclosure statement. E. & O. E.

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 83

CONDO PROFILE

Over-height ceilings, large balconies, full-sized kitchen appliances, even in our smallest onebedroom residences. It’s all about giving our homebuyers the comfort they deserve. —Houtan Rafii of outdoor space including an outdoor barbeque terrace, kids’ play area, water feature and landscaping.” Then there are Crown’s amazing views that include the City of Coquitlam cityscape, North Shore Mountains, and Burnaby Mountain. Plus there’s the sense of lush, greenery that comes from being an established area with a long history as a residential community.

CROWN Life at the top

By Susan M Boyce

t’s a success story that’s been over 60 years in the making. Proud to be one of BC’s most respected builders with six decades of real estate experience, Beedie Living was the company that brought the first residential highrise to Coquitlam’s Austin Heights neighbourhood. The Austin wowed buyers immediately, and now Crown at Burquitlam Station is continuing that success capturing the hearts of a diverse range of savvy homebuyers. Homes for Life “We design every Beedie Living home with the end user in mind,” explains Houtan Rafii, vice president of residential development. “At Crown, that means we’re offering higher quality and spaciously designed one-, two-, and three-bedroom plans — homes that appeal directly to first time buyers,

84 NEW CONDO GUIDE APR 17 - MAY 1, 2015

couples and downsizers who want to live in a transit-oriented community but don’t want to sacrifice space or quality to do so.” Inside, Crown is clearly all about livability. “True comfort and attention to detail is not just one thing, it’s a collection of many small things,” Houtan stresses. “Over-height ceilings, large balconies, full-sized kitchen appliances, even in our smallest one-bedroom residences. It’s all about giving our homebuyers the comfort they deserve.” Beedie Living, he adds, also gives the same consideration to detail when it comes to Crown’s amenities. “Our homebuyers tend to be very active and outgoing. So in addition to over 3,500 square feet of indoor amenities like a fitness centre, entertainment kitchen, TV lounge, and multi-function room, we’ve created more than 2,400 square feet

Convenience at Your Doorstep When you’re ready to talk convenience, Crown’s ready to engage. The new Evergreen Line will be quite literally just steps from your lobby door. SFU, BCIT, and Douglas College are all easily accessed by transit or car — even bicycle for truly athletic scholars. The diverse offerings of Lougheed Town Centre are just down the street, and there’s an ever-expanding selection of restaurants, eateries, and coffee shops. “This neighbourhood already zoned to become a quaint, transit village that’s poised for growth,” Houtan says. “And it’s only going to improve in the coming years.”

Crown’s presentation centre is open noon to 5 p.m. daily except Fridays at 104 – 552 Clarke Road in Coquitlam. Prices start in the $280,000s. For more information visit crownbybeedie.ca or call 604.939.8868.

1 CONTEMPORARY ROLLER SHADES THROUGHOUT 1

2 FULL-HEIGHT TILE SURROUND, MARBLE TILED NICHE & OVERHEIGHT SHOWER DOORS

10 LARGER BALCONIES & HIGHER-THAN-AVERAGE GLASS RAILINGS 9

8 3 4 7 5

9 QUARTZ COUNTERTOPS WITH MARBLE BACKSPLASH 8 PREMIUM FULL-SIZE STAINLESS STEEL APPLIANCES 7 OVER-HEIGHT CEILING (8"6') & INTERIOR DOORS (7')

3 PREMIUM CHROME GROHE FIXTURES 4 7'6" WOOD STAINED ENTRY DOOR & STONE THRESHOLD 5 FULL-SIZE WASHER & DRYER 6 RICH LAMINATE WOOD GRAIN FLOORING THROUGHOUT

THE BEST IN WEST COQUITLAM 1, 2 and 3 bedroom homes designed with exceptional quality and steps from the Evergreen Line. Starting from the $280,000s.

NOW SELLING 604.939.8868 | CrownByBeedie.ca PRESENTATION CENTRE OPEN 12-5 SAT-THURS Burquitlam Plaza, #104 – 552 Clarke Rd (near Shoppers Drug Mart)

Pricing is subject to change. This is not an offering for sale. Sale can only be made by disclosure statement. E.&O.E. Renderings are an artist’s conception and are intended as general reference only.

COQUITLAM/PORT COQUITLAM/PORT MOODY

86 NEW CONDO GUIDE APR 17 - MAY 1, 2015

COQUITLAM/PORT COQUITLAM/PORT MOODY

GET ON BOARD. MOVE IN THIS SUMMER.

NEIGHBOURHOODS NEAR RAPID TRANSIT TEND TO DRAMATICALLY INCREASE IN VALUE. IT’S TIME TO MAKE YOUR MOVE. Less than one block from grocers, parks, cafés, shopping, and the brand new Evergreen Line. Don’t miss your chance to get on board.

1 to 3 Bedrooms from $295,900

VISIT US AT OUR UPTOWN2 SALES CENTRE 581 Clarke Road (at Como Lake Ave) Coquitlam Open Daily 12-5pm

604.942.2672

bosaproperties.com * Evergreen is developed by Bosa Properties (Evergreen) Inc. Renderings, sketches, layouts and finishes are representational only. Prices subject to change without notice. E.&O.E.

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 87

BRITISH COLUMBIA’S

NEW CONDO DEVELOPMENTS PROJECT

ABBOTSFORD

Abacus Uptown Hudson’s Loft 2 Lift Mahogany at Mill Lake Waterleaf

TYPE

LR LR LR HR LR

C O N TAC T

PRICE

PROJECT

604.309.7155 604.864.8948 604.557.1047 778.255.9990 604.850.3694

Call Call Call Call From $179,900

604.541.9517 604.456.8883 604.291.9130 604.563.8386 libertyhomes.ca goldhouseliving.com 604.320.3386 liveatburnabyheights.com 604.899.8800 604.899.8800 604.435.9477 604.435.9477 604.435.8866 604.456.0688 604.563.5777 604.431.6033 604.438.9922 604.527.7955 604.435.5866 604.298.8800 604.438.1113 604.528.8906 604.807.4353 604.218.3338 604.874.9232

From $467,900 From $239,900 Call From $299,90 From $239,900 Coming Soon Call Coming Soon From $349,800 Coming Soon Call From $439,900 Call Call Call Call From $334,900 From Mid $200’s Call From Low $300’s Call From Low $300’s From $279,900 From $249,900 From $299,000

1.800.830.7175

From $184,900

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

604.472.1123 604.931.0302 604.939.8808 604.942.8416 604.492.3388 604.939.0018 604.939.8868 604.942.2672 604.936.1888 604.937.2599 604.939.8874

Call From Low $200’s From $249,900 From $324,900 Call From $189,900 From $280,000 From $284,900 From $235,400 From $220,900 From $234,900

BURNABY

Aldynne on the Park Altitude Aviara Brentwood CentreBlock at Univercity Gold House Lift Madison Met 1, The Met 2, The Metro One Metro Two Metroplace Modello Novella OakTerra Paddington Mews Redbrick Silver Solo District Station Square Storybrook Subora Trio Wall Centre Central Park CHILLIWACK / SARDIS

La Cason

COQUITLAM

1123 Westwood Austin Bloom Bradley House Charland Como Crown Evergreen Grand Central 3 Hazel Mackin Park

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

Penthouse (PH)

Live Work (LW)

City Home (CH)

High Rise (HR)

TYPE

Oasis Regan’s Walk The Windsor Uptown2

C O N TAC T

PRICE

HR LR HR HR

604.464.2701 604.492.0222 604.941.8305 604.939.2611

Call From $259,900 From $339,900 From $278,900

604.594.7473

From $189,000

LR LR LR LR LR LR LR LR

604.882.8857 604.534.6000 604.533.7718 604.377.7000 604.427.3311 778.808.6563 604.539.2200 yorksoncreek.com

From $137,500 From $189,900 From $159,900 Coming Soon From $199,900 Call From $139,900 From $179,900

LR LR LR LR LR LR LR LR LR LR

604.463.0588 604.318.5254 604.466.8783 604.807.2423 604.477.1500 604.467.8884 604.467.0692 604.318.5254 778.878.1347 604.380.0300

From $174,900 Call From $149,900 From $189,900 Call Call Call From $162,900 From $164,900 From $189,900

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

604.377.9630 604.525.3941 604.523.0733 604.525.8980 604.520.9890 604.524.8080 604.520.9890 604.523.0733 605.523.0733 604.523.0081 604.523.0733 604.522.2583 604.525.0223

Call Coming soon Call Call From $218,900 Call Call Call From $239,900 From $270,900 From $239,900 Coming Soon From $299,900

HR LR LR

604.980.9949

From $539,900 Coming Soon Coming Soon

NORTH DELTA

Delta Rise LANGLEY

Athenry Gate Cornerstone Elements Focal Point Kensington Murrayville House Varsity Yorkson Creek MAPLE RIDGE

223 North Cascada Edge on Edge Meadows Pointe Signature at Falcon Centre Parc Vue Reflections Rivers Edge Station One Wellington Station NEW WESTMINSTER

258 on Sixth The Sapperton at Brewery District Carlyle at Victoria Hill Dominion Duo at Port Royal Elliot St Glass House Lofts Grove, The Lookout at Victoria Hill, The Northbank Parkside at Victoria Hill RiverSky Trapp & Holbrook NORTH VANCOUVER

15 West 221 East 3rd x61 Mid Rise (MR)

Low Rise (LR)

Loft (LO)

x61living.com

Townhouse (TH)

ConneCting buyers to the best new home o p p o r t u n i t i e s i n m e t r o p o l i ta n Va n C o u V e r new h o m es starti ng f ro m t h e mid $1 0 0 ’s

FIFTHAVE.CA 88 NEW CONDO GUIDE APR 17 - MAY 1, 2015

n e w h o m e s a l e s and marKeting eXpertise

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@ypnexthome.ca PROJECT

Anchor, The Atrium at the Pier Ave Boutique Res., The Canyon Springs Capstone CentreView Destiny 2 Drive, The Heywood on the Park Local on Lonsdale Loden Green Maplewood North Mill House Northlands Pinnacle Residences at the Pier Remix Tatlow Trophy at the Pier Seylynn Vilage Shore, The West Quay PITT MEADOWS

Cedar Downs Liv42

PORT COQUITLAM

Altura Amanti on Welcher Carmandy Fremont Green La Via Orchid Prima Residences Shaughnessy, The South Verde Spring on Kelly Valorie on the Park

PORT MOODY

Residences, The Station, The The Strand RICHMOND

Alexandra Court Alfa Avanti Camber

TYPE

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

C O N TAC T

PRICE

PROJECT

604.988.8800 604.983.9065 778.985.4676 604.973.0298 604.929.8870 604.988.8540 604.929.1915 604.986.8138 604.985.0003 604.998.0219 604.988.0022 604.727.1594 604.986.0007 604.800.2120 604.983.9065 604.924.4488 info@tatlowliving.com 604.983.9065 604.980,5000 604.980.0016 604.988.8858

From the Mid $300’s Call Call From $429,900 Call Coming Soon From $259,900 Call From $269,900 Call From low $600s From $378,900 From $299,900 From $244,900 Call Call Coming Soon From $509,900 From Low $300’s From Low $200’s From $419,900

LR LR

778.846.3200 604.460.6601

Call From $134,900

LR LR LR LR LR LR LR HR LR LR LR

604.552.5887 604.657.9288 604.435.9477 604.349.9245 604.475.5100 604.866.4206 604.945.3999 604.468.8252 604.468.8252 778.809.3488 604.464.4764

From $158,900 Call From $209,900 Call From $169,900 From $159,900 Call Call Call From $215,900 From $246,900

HR HR LR

604.552.0552 604.492.3338

Call Call Coming Soon

LR HR LR/HR LR/HR

604.278.5809 604.276.2532 604.276.9186 604.276.0677

From $334,900 Call Call Call

Penthouse (PH)

Live Work (LW)

City Home (CH)

High Rise (HR)

TYPE

Cadence Concord Gardens Elle Gardens, The Harmony Mandarin Walk Monet Opal at Richmond Centre Ora Orchid by Beedie Parc Riviera Park Residences Pier, The Pinnacle Living at Capstan Riva River Green River Inlet Saffron Tempo

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

C O N TAC T

PRICE

604.276.868 604.233.7748 604.273.1313 604.271.3331 604.278.3939 604.278.0808 604.233.7748 604.303.7575 604.278.8838 info@orchidbeedie.ca 604.231.5900 604.303.8878 604.274.7326 604.303.0148 604.278.8825 604.233.2633 604.233.2633 604.270.2482 604.276.8885

Call From $300,000’s From low $300’s From $384,900 From $504,800 Call From $300,000’s From $464,900 Call Coming Soon From Low $200’s From Low $370’s Call From $299,900 Call Call Call Call From $283,900

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 LR HR HR LR LR HR LR HR LR LR HR LR HR HR

604.957.3331 604.596.2202 tiensher.com 778.395.1886 604.530.5399 604.453.6688 604.497.0102 604.727.5478 604.800.9255 604.583.9866 604.817.5852 liveprime.ca 604.581.8000 604.888.514 604.588.5795 604.588.3783 604.951.9283 604.951.9283

Call From $170’s Coming Soon From $118,800 From $219,900 Call From $93,900 From $199,900 From $189,900 From $250,000 From $289,900 Coming Soon From $159,900 From $174,900 From $221,900 From $160’s From $279,900 From $199,900

SQUAMISH / WHISTLER

Aqua Elaho University Heights SURREY

3 Civic Plaza Ascend Balance Connect Esplanade at Waterstone G3 Residences Evolve Lingo Manarola Park Ave West Park Central Prime Quattro Ridge at Bose Farms University District Verve Wave Wynd Mid Rise (MR)

Low Rise (LR)

Loft (LO)

Townhouse (TH)

APR 17 - MAY 1, 2015 NEW CONDO GUIDE 89

PROJECT

TYPE

CLOVERDALE

Grove, The One92

C O N TAC T

PRICE

PROJECT

LR LR

604.523.0733 604.576.1772

From low $270’s From $199,900

LR HR HR HR LR HR LR HR HR HR HR HR HR HR HR

604.620.2018 604.879.9996 604.620.6692 burrardgateway.com 604.783.1044 604.781.4303 604.682.8813 604.669.8200 604.687.4353 amacon.com 604.682.8107 604.876.9222 604.568.8283 604.568.7888 604.893.8958

Call From $345,900 From $349,900 Coming Soon Call Call From $269,900 From $389,900 Call From $465,900 Call From $685,000 From $320,900 Call Call

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

238westbroadway.ca 604.569.3388 604.264.6707 604.872.0331 604.688.5566 liveatthegem.com 604.879.8850 604.338.5233 604.620.7886 604.688.5527 604.877.1116 604.559.2011 604.779.0091 604.688.5566 604.879.8830 604.437.5315 604.436.1100 604.303.8838 604.559.1070 604.874.9232 604.558.0899

Call From $227,900 Coming Soon From $269,900 Coming Soon Coming Soon From $299,000 Call Call From $349,900 From $339,900 From $329,900 From $239,900 Coming Soon Coming Soon From $409,900 Call From $219,900 From $239,999 From $299,900 From $240,000

41westliving.com 604.568.7551 cressey.ca 604.620.8600 778.616.7008 604.738.0001 604.558.1907 604.646.1111 604.682.8801 604.685.5778 604.876.9222

Coming Soon Call Coming Soon From $528,800 From $450,000 Call From high $300’s From $499,900 Call From $367,400 From $389,900

VANCOUVER & AREA DOWNTOWN

188 Keefer 999 Seymour Addition Burrard Gateway Eventide Fairmont Pacific Rim Estates Keefer Block Maddox Mark, The Modern Private Residences at Hotel Georgia, The Sapphire, The Tate Downtown Trump International Hotel and Tower® Vancouver Vancouver House EAST SIDE

238 W Broadway Bohème Bold on Fraser Evan Paragon Gem, The Independent at Main, The Jade Kensington Gardens Local Main Street Marquee on the Drive Oxford, The Paragon River District Rhythm Skyway View338 Vya Wall Centre Central Park Wohlstein WEST SIDE

41 West 5555 Dunbar 6th & Yukon 99 West Aperture Arbutus Ridge Bennington House Binning Tower Block One Boulevard Private Residences Cambie Star

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

Penthouse (PH)

Live Work (LW)

City Home (CH)

High Rise (HR)

TYPE

Cambie & 7th Canvas Central Citti Empire at QE Park Granville at 70th Kerrisdale Gardens Lido Livingston House MC2 Meccanica Midtown Monarch Northwest Opsal Parc Elise Pinnacle Living Broadway Pinnacle Living False Creek Prodigy Radius Shannon Wall Centre Kerrisdale Sota The Ivy The Laureates The One The Spot Tower Green at West The Village on False Creek W10th & Maple West Five

C O N TAC T

PRICE

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

604.568.5060 604.875.8508 604.662.3373 604.662.3373 604.687.8800 604.687.2298 604.559.9848 604.872.2672 604.998.8988 604.638.9998 604.876.8819 604.563.3330 604.568.6883 604.325.5151 604.876.7332 604.336.6380 604.739.2080 604.874.8368 604.221.8878 604.731.5522 604.267.8882 604.671.1025 604.566.5888 604.221.4450 604.874.8368 604.568.6886 604.707.9378 604.733.2010 604.739.2080 604.715.6060

Call Call Call Call From Mid $300’s Call From $540,900 From $513,900 From $449,900 Call From $394,900 Call From $439,900 Call Call From $510,000 From $399,900 From $369,900 From high $300s Call Call From 2.5 million Coming Soon Call From $349,900 From $269,900 From $319,000 From $390,500 From $429,900 Call

LR LR SF/LR

604.943.8811 604.948.2345 604.948.HOME

Call Call Call

HR LR LR

Cressey.com 604.836.7355 cressey.com

Coming Soon From $490,000 Coming Soon

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

604.531.6659 604.531.9030 cressey.com 604.818.5603 604.541.8092 604.536.1663 604.560.5535 778.545.8737 604.536.0256 604.538.8028 605.560.1656 604.538.3237 604.560.3238

From $288,900 From $319,900 Coming Soon From $339,900 From $269,900 Call From $219,900 From $364,900 From $289,900 Call Call Call From $230’s

TSAWWASSEN

Brio Cityhomes Tsawwassen Springs WEST VANCOUVER

23rd and Bellevue Galleries on the Bay Kerrisdale by Cressey WHITE ROCK / SOUTH SURREY

Adagio Avra Beverley Edgewater Elgin House Gemini Headwaters Heights, The Newport at West Beach Royce Saltaire Sausalito South Point Walk Mid Rise (MR)

Low Rise (LR)

Loft (LO)

Townhouse (TH)

New homes available throughout

www.macmarketingsolutions.com Metro Vancouver & Calgary We sell the homes you want to buy. /MacMarketingSolutions 90 NEW CONDO GUIDE APR 17 - MAY 1, 2015

@MAC_Marketing

/MACMSTube

LPW2W2015 Offer valid until December 31, 2015 GCW2W2015

ONLY HOMES R 18 EMAI

192 HOME SS IN THE TO OLD WER

*See a sales agent for promotion details. The developer reserves the right to make changes contained herein. Prices and availability are subject to change without notice. Rendering and view are representational only. E.&O.E.

ONLY HOMES R 7 EMAIN

41 HOMES S IN THE PO OLD DIUM

PRESENTATION CENTRE CLOSING MAY 3RD!

ONLY 25 HOMES REMAIN IN VANCOUVER’S FASTEST SELLING COMMUNITY.

THANK YOU MOUNT PLEASANT!

583

1 BEDROOM LOFT 1 BEDROOM LOFT

6TH 16TH

1 BEDROOM + DEN + FLEX 634 2 BEDROOM

21ST 5TH

2 BEDROOM

2 BEDROOM + DEN + FLEX 972 2 BEDROOM

12TH 6TH 3RD

2 BEDROOM 2 BEDROOM +DEN + FLEX

20TH PH

NSW

$1,399,900

$684,900

$677,900

$674,900

$664,900

$624,900

$579,900

$569,900

$475,900

$464,900

$398,900

$382,900

VIEW PRICE

INDEPENDENTatMAIN.COM

PRESENTATION CENTRE LOCATED AT THE CORNER OF MAIN & BROADWAY OPEN DAILY 12-5PM, CLOSED FRIDAYS OR BY APPOINTMENT | 604 879 8850

1581

902

2 BEDROOM + DEN + FLEX 1035

5TH

977

902

2 BEDROOM

6TH

902

901

JR. 2 BEDROOM + FLEX

3RD

705

583

FLOOR TYPE

TAKE $5,000 OFF ON ALL REMAINING HOMES*

OWN WITH JUST 8% DOWN!