Aug 8 - 22, 2014 Volume 22 Issue 16
INSIDE THIS ISSUE
VERTICAL STORAGE SOLUTIONS FOR YOUR HOME
NEIGHBOURHOOD PROFILE: CHARMING SOUTH CAMBIE
TIPS FOR DECIDING WHEN TO BUY
1
YORK
2
FREMONT BLUE
3
CAMBRIA
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2, 2 + DEN, 4 BED SALTBOX ROWHOMES
1, 2 + 4 BED WESTSIDE APARTMENTS
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Fremont, Port Coquitlam 604.552.0319
Cambie + 41st, Vancouver 604.325.2216
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COMING SOON: FROM THE LOW $900’S (incl. net GST) OPEN DAILY Noon to 5pm 16145-28A Avenue, Surrey 604-560-1053 | morgan@qualico.com MOVE IN READY HOMES AVAILABLE
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180 Street & 68 Avenue Cloverdale
Register for updates at foxridgehomes.ca/metrovancouver
4 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
Single family homes & townhomes From $289,900 (Incl. GST) NOW SELLING PHASE 3 MyLunaHome.com 778.895.5862 30748 Cardinal Ave, Abbotsford
(Incl. GST)
Brand new 3-bed townhomes From $309,900 + GST Own for as low as $1192/mo OAC & 5% down NOW SELING PHASE 3 YorkLiving.ca 604.534.9495 7298 199A St, Langley
Divine Duplexes -- Like Homes From $679,900 $649,900 (Incl. GST)
This is not an offering for sale. Any such offering must be made with a disclosure statement. Prices are subject to change. E.&O.E. **OAC. Conditions apply. AUGUST 8 - 22, 2014 | METRO VANCOUVER NEW HOME GUIDE 5
Handcrafted 3 & 4 Bedroom Homes IT’S YOUR TIME This collection of 80 townhomes features smart design, stylish spaces and sophisticated details in the emerging community of Willoughby.
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AUGUST 8 - 22, 2014 | METRO VANCOUVER NEW HOME GUIDE 7
8 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
contents August 8 - 22, 2014 || volume 22 issue 16
ON ThE cOvEr
p. 16
special features 12 Editor’s Note columns 20 Inside Mortgages
Aug 8 - 22, 2014 Volume 22 Issue 16
Your 2014 Summer market update
dawsON + sawyEr FlEETwOOd Mac
by Kris Grasty
24 Mind Over Mortgage
Go your own way by Susan M. Boyce
Savings tips for first-time buyers by Jorge and Alisa Aragon
26 Buyer Profile
Nabil and Serina at Marquee in Langley by Susan M Boyce
INSIDE THIS ISSUE
VERTICAL STORAGE SOLUTIONS FOR YOUR HOME
NEIGHBOURHOOD PROFILE: CHARMING SOUTH CAMBIE
TIPS FOR DECIDING WHEN TO BUY
32 Tips and Tricks
Vertical storage makes the most of your wall space by Hellen Buttigeig
vice-president, wall2wall media
Jacqueline Hill
editor-in-chief / director of content
Susan Legge
director of sales, national
Josh Heppner
senior sales manager, western canada
Edwin Rizarri art director
Tammy Leung editors
Stephanie MacDonald Diane Duf lot (on leave) contributing editors
Lydia McNutt Neil Mangan Wayne Karl design editor
Yanic Simard media consultants
Dave Bird 604.319.7102 Brenda Everitt 604.319.7103
42
sales coordinators
Justin Salvador
26
production manager
Bala Gnanapandithan graphic designers
Mihail Terentiev production co-ordinator
Hannah Yarkony
contributing editorial writers
Susan M Boyce Janine Mackie
24 36 Money Matters
Owning versus renting
Published By
56 listing directory
Complete listings of more than 250 new-home developments throughout Vancouver and the Lower Mainland
by Gail Vaz-Oxlade
42 Neighbourhood Profile
The charms of South Cambie by Michelle Hopkins
50 cMhc
How to avoid fraud
homebuyers’ help 52 On the horizon
Checking out what’s hot and new in the Lower Mainland’s residential marketplace and beyond by Susan M Boyce
district maps 14 Surrey/ 30 40 48
Langley
South Surrey/ White Rock Maple Ridge/ Pitt Meadows Burnaby/ New West
The Vancouver New Home Guide is a free publication published 25 times per year. Submit articles or advertising to Suite 102 - 4180 Lougheed Highway, Burnaby BC V5C 6A7 PHoNE 604.519.6080 Fax 604.519.6088
newhomeguide.ca
CoPYRiGHT 2014 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.
//EDITOR’S NOTE
How low can you go?
T
SUSAN LEGGE
he Bank of Canada’s recent announcement to hold its interest rate target at one per cent does not come as a surprise. The rate has been holding at that level since September 2010, which is good news if you’re in the market for a mortgage. There are many excellent mortgage products available from banks and brokers that will suit your individual needs, and could well be lower than posted bank rates, which are currently hovering around three per cent for a variable rate. With a pre-approval in hand, you’re protected if rates rise; if they go down, you’ll likely get an even lower rate. A pre-approval can be a win-win situation for shoppers, since
it means you don’t have to wait to get financing approval on a home when you put in an offer. This is an especially good tool to have when markets are hot. Removing the “conditional on financing” clause could mean your offer is accepted first since you already have your financing in place. So when will rates rise? It’s anyone’s guess, but most experts agree it’s unlikely there will be any significant movement this year. However, we can’t assume that will be the case, and you shouldn’t wait too long to get pre-approved for a mortgage. It can take a few days. Many lenders offer online pre-approvals to make the process faster and easier. So, what are you waiting for?
EDITOR-IN-CHIEF Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge
Grand openings abound Something to look forward to this coming autumn
I
STEPHANIE MACDONALD EDITOR Wall2Wall Media
Stephanie.Macdonald@wall2wallmedia.com Follow me on Twitter at Twitter.com/stephmacW2W
12 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
t seems to cruel to even say it right now, but as September approaches, it may mean the waning of sunny days and vacations, but if you’re looking for a new home, September also means grand openings of some of the most exciting new developments in the Lower Mainland. There is a lot happening all over the Metro Vancouver area, including along the Cambie Corridor Burnaby even more in places like in Surrey Town Centre, in Southeast False Creek, Richmond, Cloverdale, Coquitlam and many other hotspots in the Lower Mainland. Even if you’re not actively considering buying this fall, there’s no
better way to see the newest and most creative interior design than by visiting showhomes. Keep picking up New Home Guide to be up to date on all the biggest and most exciting openings and happenings in the new home world, along with relevant and interesting stories on cool neighbourhoods, knowledgeable personalities, market and mortgage information and lots more. In this issue we have tips on buying your first home from Jorge and Alisa Aragon, a neighbourhood profile of the charming South Cambie area, a look at owning versus renting and a market update. Happy new home hunting!
Dear Mortgage, I’m taking time off to cook up a new career.
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Visit a branch or tdcanadatrust.com/paymentvacation
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Conditions apply. See us for details. ® The TD logo and other trade-marks are the property of The Toronto-Dominion Bank.
116th Ave
SURREY / LANGLEY
d rR no ve os r G
112nd Ave
104th Ave
SF ras er
104th Ave
Green Timbers Urban Forest Park
96th Ave
A11
Tynehead Regional Park
Golden Ears Bridge
96th Ave
96 th Av e
216th St
FR AS A2 ER HW Y
Gl ov er Rd
Wa y
12 0th
St
108th Ave
88th Ave
88th Ave Bear Creek Park
B5
A9
A17 1a
58TH AVE
A2. Dawson + Sawyer Fleetwood Mac 15152 91st Ave 604-498-3811
A3. Ashbury Hill
14833 - 61st Ave. 604-953-1211
A4. Panorama Station 5957 152nd 604-372-2275
A5. Clayton Heights 7310 - 191B Street 604-723-4497
A6. Madison
14356 63A Ave. 604-543-6262
Serpentine Fen Nature Reserve
B1
B3
Gra de Rd
A7. Brixton
A13. Eton
14433 60 Ave 604-503-0488
14888 - 62nd Ave. 604-953-0833
99 Clayton A8. Uptown Village
A14. Highlands at Sullivan Ridge
19525 73rd Ave. 778-574-0146
6085 - 146 St. 778-565-7768
A9. The Rockwoods
A15. One 92
16241 - 84th Ave 604-503-1188
6685 192nd St. 604-576-1772
A16. Panorama Woods
A10. Fusion
6123 138th Street 778-593-9954
13886 62Ave 778-578-9779
A18. Salix
6477 196th Street 604-530-0054
A19. The Grove 68th Ave. & 194 St. 604-533-6968
A20. Blackberry Walk 14271 60th Ave. 604-501-6119
A21. One 44 5888 144 Street 604-503-6402
A17. Silverwood
A11. Highcrest at Fraser Heights 9989 Barnston Dr. E 604-584-7273
84th Ave. & 164th St. 604-953-0288
A12. Sun 72
195th & 72nd Ave. 604-575-8806
NOW VIEWING BY APPOINTMENT
14271 - 60TH AVENUE, SURREY
14 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
240th St
216th St
56TH AVE
56TH AVE
GEORGE B LVD
18681 68th Ave 604-372-0400
208th St
LANGLEY BYPAS S
60th Ave
G
10
A1. Dawson + Sawyer Creekside
10
A18
64th Ave
A13 A3 A6 A20 A10 A2161A A7 A16 A4 A14 KI N
SURREY
A15
RD
64th Ave
A19
A8 A12
G LO VE R
99a
Watershed Park
72nd Ave
176TH ST
A1
200th St
192nd St
188th St
168th St
160th St
152nd St
144th St
A5 72nd Ave
232rd St
B4
80th Ave
128th St
112th St
120th St
80th Ave
B2
FRA SER HW Y
48th Ave
LANGLEY B1. Winchester Estates 40th Ave 21867 50th Ave 604-533-1886
B2. Radius
4921 223B St. 604-427-4050
B3. Marquee
19752 55A Ave. 604-427-3550
B4. York
84th Ave & 207A St 604-533-1415
B5. Keaton
7686 209 Street 604-882-3733
//cover story
Dawson + Sawyer Fleetwood Mac Go your own way » by SuSan M Boyce Picture this: a community where neighbours are friendly, flowerboxes and gardens overflow with colourful blossoms, and homes offer spacious, sun-drenched living with plenty of room for your growing family. Now say hello to Dawson + Sawyer Fleetwood Mac: a collection of just 51 townhomes that have it all… and then some. Outstanding OPPOrtunity “Dawson + Sawyer Fleetwood Mac is one of the very few opportunities to purchase a brand new townhome in the Fleetwood neighbourhood,” says Paul, sales manager. “Plus it’s rare to find a home with four-bedrooms and a powder room on the main floor — both features that appeal to growing families. And when was the last time you saw a townhome with a sunken living room? It’s a great feature that feels elegant and increases these homes’ sense of airiness.” 16 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
“You can already get everywhere in Surrey really quickly and the SkyTrain to downtown Vancouver is only a 10-minute bus ride away so it’s already a great location for commuters,” Paul says. “And with a new light rail transit corridor proposed, it’s just going to get better. We’re already seeing many young families choosing to have only one car — or in some cases, no car at all.”
Families, he adds, are definitely taking note. “There’s a really strong community feel here,” he says. “We’re getting a huge response from buyers who’ve seen our other projects but have been waiting for the opportunity to live in the Fleetwood neighbourhood. Now you really can ‘go your own way’ when it comes to your home.” Celebrate yOur ’HOOd People in the know, have long known that Fleetwood’s location is ideal for active, contemporary living. “The walkability and proximity is amazing,” Paul says. Rapidly, he lists off just a few of the local amenities nearby: Guildford Town Centre, three golf courses, Surrey Sport & Leisure Centre, six schools, restaurants ranging from a get-me-going morning coffee to romantic dinner out, and one of my personal favourites, Green Timbers Urban Park.
a traditiOn Of exCellenCe “Dawson + Sawyer has sold more than 120 homes over the last five months in Surrey and consistently offer the best value in the market,” Paul says. “Semiahmoo Trail, 35 townhomes in South Surrey, sold out in a record breaking six weeks. On The Course has only one home remaining out of 48, and Creekside in the Clayton Heights area had a fantastic launch where we sold over 30 homes in the first six weeks alone. We’re expecting Fleetwood Mac will enjoy the same level of success, so be sure to register early.” dawson + sawyer fleetwood Mac will offer a total of just 51 townhomes ranging from two-bedroom and den to a spacious, four-bedroom plan ideal for growing families. Prices anticipated to start in the low $300,000s. Presentation centre opens late september at 15152 – 91st avenue in surrey. for more information and to register, visit dawsonsawyer.ca or email fleetwoodmac@dawsonsawyer.ca. AUGUST 8 - 22, 2014 | METRO VANCOUVER NEW HOME GUIDE 17
SURREY/LANGLEY
PARK
196 ST
192 ST
194A ST
72 AVE
PARK
68 AVE
18 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
//inside mortgages
Second quarter 2014 market update » by kris grasty
kris grasty
is a mortgage broker with Dominion Lending Centre’s Canadian Mortgage Experts and an active member of the MBABC. 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.
After a slow start in the first quarter of 2014, the Real Estate Market in the Lower Mainland erupted into a fury of activity.The media often spurs on negative speculation, and with a slower start to the year; some media outlets and economists again rang the alarm bells signaling a perceived beginning to a “hard landing” or rapid decline in the market. But fast-forward just a few months: the regular spring market was gaining ground once again! The June 2014 numbers are in, and the earlier predictions or warnings in the media could not have been further from the truth. The Real Estate Board of Greater Vancouver has reported a 28%+ increase in sales over June 2013. When compared to the 10 year history we are only 0.6% off the average. The benchmark home price in Vancouver has risen 4.4% and Surrey/Langley has seen an average 3% increase over the home prices of June 2013. Listings are up 9.5% in Greater Vancouver and up 13% in the Fraser Valley for the same time period. With positive employment and immigration there is a continued need for the supply of housing. A stable job market and steady employment rates assist in propping up our average home prices. Our region is seeing continued increases to income levels that further support higher Vancouver home values. Immigration to BC is both international and interprovincial because we live in such a desirable place; a coastal paradise with temperate climate and a variety of activities just outside your doorstep. The largest issue with affordability in Greater Vancouver seems to be the ability to put together a decent down payment. For First
With positive employment and immigration there is a continued need for the supply of housing. A stable job market and steady employment rates assist in propping up our average home prices. 20 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
Time Buyers, this is daunting, but the down payment problem can be minimized if people start to save earlier. Baby Boomers are getting older and starting to downsize their homes in preparation for retirement. We are seeing the early stages of a transfer of wealth, where the Boomers are assisting their younger family members with gifted down payments, yet another solution. The noise around interest rates has continued month after month. By the time this is printed, Prime will have been held steady at 3.00% for nearly 4 years! Now that we are starting to see signs of economic recovery along with slight increases to inflation, perhaps it is almost worth talking about. Most economists agree that global factors, international politics and core inflation are still factors that may prevent the anticipated increases. In any case, the new target for interest rate movement has been pushed out to late 2015. After a largely successful Q2, economists are calling for 5 – 6% increases to our average home prices here in Vancouver. Low interest rates continue to assist in affordability and getting the Echo Boomers into home ownership. The single family homes win overall and are expected to continue to outperform the condo market due to increased value in land and the desire to own land. The scarcity of the developable land in Greater Vancouver spurs on the growth to outlying areas and eastward to the Fraser Valley, Maple Ridge and Langley being prime examples. We will periodically see corrections in our market but the general trend continues upward over time. Excelsior!
SURREY/LANGLEY
AUGUST 8 - 22, 2014 | METRO VANCOUVER NEW HOME GUIDE 21
SURREY/LANGLEY
VISIT US ON FACEBOOK
22 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
SURREY/LANGLEY
80 AVE 200 ST
192 ST
176 ST
19525 73rd avenue
73 AVE 195 ST
72 AVE
Presentation Center Open Daily 12-5PM (Except Fridays)
WEST REAL ESTATE SERVICES This is not an offering for sale. Any such offering must be made with a disclosure statement. Prices are subject to change. E.&.O.E.
AUGUST 8 - 22, 2014 | METRO VANCOUVER NEW HOME GUIDE 23
// mind over mortgage
Looking at buying a home? Here are a few tHings you need to know before you start sHopping. » by Jorge & AlisA ArAgon
Jorge & AlisA ArAgon
are Mortgage Experts with Dominion Lending Centres Mountain View. They are active members of the Greater Vancouver Home Builders Association. Jorge & Alisa focus on the overall needs and plans of their clients and then find the best mortgage to suit their needs. For more information visit YourMortgageSolutionsGroup.ca or contact them at aaragon@dominionlending.ca.
Owning a home gives many people a sense of pride and freedom that simply can’t be matched by renting. When you own your own home, you are not restricted by your landlord’s rules, and your mortgage payments are going towards building equity. Buying a home is a big step. Here are some things to consider in advance. › How long you will be living there. The transaction costs of buying and selling a house are substantial, including real estate fees, legal fees, selling in a down market, moving expenses and more. If you don’t plan to live in your new home for at least 3-5 › years, you may not gain enough equity to make selling worthwhile. In that case, you’re probably better off not buying in the first place. › How much house you need. Buying a cheaper, smaller house can end up costing you extra if you have to sell right away due to a growing family. On the other hand, buying more house than you need incurs extra maintenance, energy and tax costs.
24 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
› Enhance your credit rating. The higher your credit score, the lower your mortgage rate will be. If needed, spend some time working on improving your credit. Check your credit report and correct any errors, don’t apply for any new credit, stay well below credit limits and pay your bills on time. › Remember closing costs. While you’re saving your down payment, save for closing costs too. The lender will require you to have at least 1.5% of the purchase price for closing costs. › Test out what you can afford. Talk to a Mortgage Broker to analyze your situation a year or so in advance. They will give you an idea on how much house and monthly payments you can afford. To test how comfortable those payments will be, start saving that amount every month (less what you’re paying now). Not only will that simulate ownership, it also helps you save for a down payment! › Get pre-approved. This is really the first step in the home buying process. Talk to a Mortgage Broker to get you pre-approve for a mortgage. They have access to multiple lenders, options and will only use one credit report. The pre-approval tells you exactly how much you can spend before you start looking for your new home. › Use a Real Estate Agent. Using a Real Estate Agent can help focus your search, find the right home, save time and there’s no cost to the buyer to use their services.
SURREY/LANGLEY
AUGUST 8 - 22, 2014 | METRO VANCOUVER NEW HOME GUIDE 25
//buyer profile
Space for living at Marquee » by susan m boyce
“I think it’s so important to own your home.” - Nabil
Pictured Nabil, Serina, and their daughter Mia are almost packed and ready to move into their new home at Marquee.
Nabil and serina are surrounded by boxes, packing tape, labels, string, more boxes, and more packing tape. But their smiles leave no doubt they’re looking way past the inevitable stresses of moving to the excitement of settling into their brand new home at Marquee. Value aNd locatioN The couple had been searching, unsuccessfully, for well over a year before they saw signage go up at Marque. “We went to every single townhouse development in Langley that had a display suite,” Nabil says. “They just all seemed very expensive for what you got. At Marquee, we’re getting a quality building, a fantastic layout, all the same finishings and options, and much larger rooms — all for a lower price.” The location just a few blocks from the condo where they currently live was another bonus. “We really like this neighbourhood. It’s close to everything, there’s a school nearby, and it’s so quiet,” Serina explains. “We just didn’t think we’d find anything 26 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
here. But once we heard about Marquee, we kept waiting till the showhome opened. When it did, we loved everything about what we saw.” She laughs. “We kept comparing it to other places — nothing came close. The fourth time we went back, we bought.” Family liFestyle Their new home is a three-bedroom and den with plenty of space for Nabil, Serina, and Mia, the couple’s six-month-old daughter. “We wanted room for guests, and we’re hoping to have a second child in a couple of years so this is a perfect size for us,” Nabil says adding that he’s already got plans to convert the den into “a bit of a man-cave.” For Serina, it’s the kitchen that she’s set her decorating sights on. “There’s so much space to work with,” she says beaming with anticipation. “I’m going to have one wall done in a textured wallpaper and leave the others the way they are. And after we’ve lived here for a while and seen how everything feels on a day-to-day basis, we’re going to buy new furniture too.” “I think it’s so important to own your home,” Nabil says. “This is the first home that’s ours, and it’s going to be great move.” He grins. “But just now we need to get back to some serious packing.” marquee is located at 19752 – 55a avenue in langley. information at marqueeliving.com or call 604.427.3550 or 604.315.4457.
MOVE-IN READY!
33 DESIGNER TOWNHOMES
You’ll see the difference right away – these homes just feel right! Exceptional floorplans make these designer townhomes feel larger, brighter, and more spacious. Thoughtful details abound in every room. SAVE EVEN MORE Visit our show homes to learn how you can save even more when you buy at Marquee.
HOMES START FROM
289,900
$
*
INCLUDES NET GST!
SALES CENTRE & DISPLAYS 19752 55A AVE, LANGLEY open daily: Noon - 5pm
VISIT MARQUEELIVING.COM OR CALL 604.427.3550 *Price net of incentives. Prices, discounts and incentives are subject to change without notice. Visit our Marquee Sales Team today for full details. E. & O. E.
PLUS AMAZING INCENTIVES AVAILABLE
6200 IN SAVINGS
$
enjoy a $5000 discount, plus an additional package valued at a MINIMUM $1200!
SEARCH MATCH POST
Vancouver, BC
DOWNLOAD NOW AND FIND YOUR NEXT HOME
RentersGuide.ca
SURREY/LANGLEY 2014 Winner of the Avid Diamond Award for Best Customer Experience in Canada
321,900
AUGUST 8 - 22, 2014 | METRO VANCOUVER NEW HOME GUIDE 29
Serpentine Fen Nature Reserve
SOUTH SURREY / WHITE ROCK 40th Ave
d nt R sce e r C
99a
99
32nd Ave
24th Ave
24th Ave
152nd St
140th St
Y
16th Ave 148th St
4
W
128th St
24th Ave
11
H GE OR GE
16th Ave
26th Ave
G KIN
South Surrey Athletic Park
20th Ave
8
168th St
Sunnyside Acres Urban Forest Park
9
5
160th St
Crescent Park
7
164th St
10
6
2
Ma rine Dr
16th Ave
184th St
13
12
176TH ST
Crescent Beach / Blackie Spit
15 3
10th Ave 8th Ave
8th Av 1
SOUTH SURREY / WHITE ROCK 1.
CANADA Dawson + Sawyer 4. The Hamptons STATES OF AMERICA OnUNITED The Course 16437 23 Ave. 253 171 Street 604-385-0111
2.
Royce 14855 Thrift Ave 604-538-8028
3.
Southbrooke 10th Ave. & 165th St. 604-805-2941
8.
16145 28A Ave. 604-560-1053
604-723-4497
5.
Jacobsen 2687 158 St. 604-538-5591
6. 7.
Blu
15988 32 Ave. 604-782-5258
Belcroft 15977 26 Ave. 604-568-8830
Morgan Heights
9.
The Heights 2845 156th St. 778-545-8737
10. Niche 3039 156th St. 604-535-5511
11. Breeze #5 16223 - 23rd Ave. 604-582-1113
12. The Woods 32nd Ave. & 156A St. 604-538-8876
13. South Point Walk 29A Ave & 152 St 604-560-3238
//quick tips
Go vertical or go home Use the wall to store it all » by hellen buttigieg Clearing clutter and putting everything away can be a challenge when you don’t have enough storage space. You’ve got to be creative in finding new places to store things, because closets and furniture will only get you so far. Take advantage of your condo’s height. Use the wall to store it all, and make a statement with decorative shelving and storage possibilities. Go vertiCal or Go home. When you’ve run out of storage
hellen buttigieg
is a certified professional organizer, life coach, TV host, owner of We Organize U and author of the best-seller, Organizing Outside The Box. For tips on getting organized, visit WeOrganizeU.com and sign up for the free newsletter.
space, lie on the floor and look up. There is a limited amount of horizontal space (countertops, desks, tables and the floor) but vertical space is abundant and often overlooked. Consider putting shelves above door frames or around the perimeter of the room, like a border. Hang things from the ceiling in the kitchen. When purchasing armoires, bookcases or shelving units, choose the tallest you can find and put baskets on top of them.
Clear up valuable tabletop spaCe. We all have a
limited amount of counter and tabletop space, but our wall space is often under-utilized. By hanging photos and framing special mementos in shadow boxes on the wall, you’ll free up space on your tabletops and create a less-cluttered, more-spacious look.
runninG out of kitChen-Cabinet spaCe? If your
kitchen supplies exceed your cabinet space, consider mounting a metal rail to your wall. Use hooks (usually included with a rail) to hang everything from utensils to hand towels. This attractive storage solution gives you easy access to your items and utilizes previously unused wall space.
make the most of CeilinG spaCe. Rather than putting up a wallpaper border, install shelves a foot or so below the ceiling around the perimeter of your children’s rooms. On them, display prized belongings and collectables. This gets your treasures out of the closet where they take up valuable space, yet still allows the kids to enjoy them. adjust your storaGe systems. A common misconception is that once you have organized your entire home, you’re done. However, organizing is a process, not a destination. As your interests change, so will your organizing systems. Put some time aside to tweak existing systems on a regular basis – especially when you experience a lifestyle change. 32 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
avoid shampoo overload in the
bath. For a more streamlined look in your bath or shower, consider attaching wall-mounted soap and shampoo dispensers. This will eliminate the sticky mess of shampoos, soaps and lotions crowding the bath or shower, contributing to a more serene, spa-like space. store maGazines Creatively.
When looking for interesting ways to store magazines, think outside the box. As a creative alternative to a magazine stand, consider using a ladder. Propped up against a wall, a ladder is an interesting way to display magazines and make use of otherwise wasted vertical space.
SURREY/LANGLEY
AUGUST 8 - 22, 2014 | METRO VANCOUVER NEW HOME GUIDE 33
大溫哥華版
Greater Vancouver Edition
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//finances
Gail Vaz-Oxlade
is the host of Til Debt Do Us Part and author of Debt Free Forever and blogs daily at www.gailvazoxlade.com. Follow Gail on Twitter at Twitter.com/GailVazOxlade
Owning versus Renting » by Gail Vaz-Oxlade The housing market has gone wild in much of the country and it has people panting to make a good investment, and make the jump from renting to owning. Slow down and consider all the angles before you dive in. There’s someThing abouT money
Did you see that? Did you? The issue has shifted from “shelter” to “profit.” That’s because people believe that a home is a good investment. While the money is a key consideration – and it’s a pretty complex one – it shouldn’t be the only consideration. That being 36 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
said, if you’re going to make the decision to move from renting to buying, you have to look at the dollars and cents. First there’s the straight calculation that compares the cost of carrying your own home (your principal and interest payments and property taxes) with the cost of renting one. Sometimes that comes out a wash, which immediately brings people to the conclusion that renting sucks.
increasing their net worth with every mortgage payment. And when you sell your principal residence one day, the money you earn is tax-free. iT’s a WonDerFuL LiFe
When I was in my 20s, I lived in a neighbourhood that was suited to a single girl hell bent on a good time. Back then, renting was the perfect solution: one of limited responsibilities and commitment. If a window broke, I called the landlord. If the fridge stopped working, I called the landlord. Renting is virtually a worry-free existence. (All this is assuming you have a decent landlord). Home ownership is a responsibility that also brings a ton of warm, fuzzy feelings. It means you can put down roots. You have complete control of your environment so, yes, you can paint your living room red. LoCaTion, LoCaTion
Renters aren’t responsible for maintenance. Homebuyers also need to consider closing costs which include legal fees, land transfer tax, and other miscellaneous expenses that you don’t pay if you are renting. First and last months’ rent is also a ways smaller than the typical down payment on a home. Of course, all that has to be balanced off against the fact that no matter how small the principal portion of your mortgage is (and it’s miniscule in the early years), as long as the market is stable, and you’re not looking to make a quick sale with the hopes of turning a profit, homeowners are building equity and
Buying a home in a neighbourhood you don’t know well is one of the top mistakes homebuyers make. If you’re new in town, you may be better of renting for six months or a year to get a feel for the area. If you like living there, you’ll feel much more comfortable signing on the dotted line later on. sTeaDy as she goes
Your employment prospects should be pretty stable before you consider buying your own home. Home ownership requires a number of regular payments – the mortgage, property taxes, utilities, maintenance and insurance. Missing any of these payments can trigger dire consequences. There are a number of financial factors that will weigh in when it comes to the buy versus rent question. But the decision involves much more than just running the numbers. You’ve also got to look at the emotional rewards and challenges of each alternative. I’ve been a renter and I’ve been an home owner, and overall I like ownership more. AUGUST 8 - 22, 2014 | METRO VANCOUVER NEW HOME GUIDE 37
SOUTH SURREY/WHITE ROCK
AUGUST 8 - 22, 2014 | METRO VANCOUVER NEW HOME GUIDE 39
Cedar Dr
PITT MEADOWS / MAPLE RIDGE
Dominion Ave
236th St
232rd St
3
r Rd Rive
116th
Derby Reach Regional Park
240th St
207th St
Ave
Way aka Kan
4
110th Ave
2
108th Ave r Maclure D 240th St
ED GHE LOU
Golden Ears Bridge
Y HW
104th Ave 102th Ave
Jac kso n
Harris Rd
Pitt Meadows Airport
Dewdney Trunk Rd 248th St
Dewdney Trunk Rd
132 Ave
Abern ethy W ay
124th Ave 224th St
216th St
203rd St
123rd Ave
5
Hammond Rd S Bonson Rd
Ford Rd
Meadow Gardens Golf Course
1
227th St 228th St
Dewdney Trunk Rd
HW Y
Harris Rd
LO UG HE ED
210th St
Dewdney Trunk Rd
224th St
136 Ave
6
MAPLE RIDGE 1.
Hampstead at Silver Ridge
13555 230A Street 604-466-9278
2.
Wynnridge
11005 Buckerfield Drive 604-466-6388
3.
Village Green
5.
Myron's Muse
4.
Montgomery Acres
6.
Jackson Park
12161 237th Street 604-476-2292 24405 112 Ave 604-477-2959
23651 132nd Ave 604-380-1801 24406 102 Ave. 604-805-4669
SUMMER LOVE *Prices are subject to change. E&O.E.
SALES EVENT
$608,900.
//Neighbourhood Spotlight
South Cambie
A neighbourhood on the rise » by Michelle hopkins
42 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
Y
ou probably remember that trying to get around South Cambie during the Canada Line construction was an exercise in frustration. You might have even shunned shopping or dining in the neighbourhood. You can toss all and any excuses to the wind once you’ve ventured into this burgeoning neighourhood that offers a plethora of great dining, shopping and activities for all ages. South Cambie might be one of the smallest of Vancouver’s neighbourhoods but
it’s got a lot of panache! This former sleepy enclave burst onto the scene as a cultural melting pot waiting to be discovered. It’s home to a variety of upscale, bohemian and chic boutiques, bakeries, bars and restaurants. You’ll also find lovingly restored “Vancouver Specials” co-habiting with million dollar contemporary homes. This enclave will soon be home to condos, townhomes and apartments as the city has rezoned parts of South Cambie allowing for high-density development. Over 1,000 units 43
hot spots Here are some favourite local haunts ... and there are many! Walrus www.shop.walrushome.com This funky, contemporary lifestyle boutique is where you’ll find anything from a cannabis candle to laser cut birch plywood coasters and everything in between. Biercraft Bistro www.biercraft.com For beer aficionados this is Mecca. Biercraft has a huge selection of specialty and craft beer from around the globe. shop cocoon www.shopcocoon.com A “curator of all things beautiful.” This gem, dominated by large antlers on a white-washed brick wall, is where you’ll discover hand crafted accessories, clothing and jewellery. leMonade Gluten free Bakery www.lemonadebakery.ca This sweet spot is a hit with both locals and merchants. For those with a serious sweet tooth, don’t be frightened off by gluten-free … everything is sinfully delicious! pronto caffe www.prontocaffe.ca Words that are often used to describe this hip modern eatery are authentically Italian, simple and straight forward – no pretension here but lots of Old world flavour! Pronto is a go-to for anyone craving traditional Italian dishes with a contemporary take. BarBer & co. www.barberandco.ca This1950s barber shop offers a down home country-style hot shave, hair cut or beard trim. You’ll feel like you’ve been transported back in time and that’s never a bad thing, right?
44 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
are in the works up and down Cambie from 16th to 41st Avenues along the Canada Line. Also worth discovering are the the neighbourhood Crown Jewels: Queen Elizabeth Park and Nat Bailey Stadium. South Cambie is also renowned for its top-notch hospitals, great educational institutions, the posh Oakridge Shopping Centre, and let’s not forget the great ethnic eateries, funky watering holes and distinctive boutique shops. It’s all about location. A central city neighbourhood attracts a certain type of person: One who embraces cycling or taking transit to work; someone who likes to walk out to enjoy the restaurants and shops — and that someone typically has a healthy income. South Cambie residents are now
affluent upper mobile young professionals and families, as well as empty nesters with deep pockets. With all the changes in this corridor, living here isn’t cheap. An older, teardown will put you back $1.5 million and a new home will cost upwards of $2 million. However, once a number of condo projects are built, it will make living here more affordable! For Bill, a 51-year-old married painting contractor with two young daughters, the proximity to both downtown Vancouver and eclectic Main Street was a real draw. “We got insight living in Vancouver of how great it is to live centrally. And this is the first neighbourhood outside of downtown where we really felt at home,” adds Bill.
JP_NHBG_Ad_HalfPage_140808.pdf
1
14-07-24
10:34 AM
PITT MEADOWS/MAPLE RIDGE
SHOW HOME COMING SOON
Start Living C
Discover this family-oriented community
M
of 3 bedroom, 2.5 bath single family homes,
Y
close to parks, trails, schools and shopping.
CM
MY
Starting from only
CY
$
CMY
K
419,900
*
JacksonPark.ca | 604.805.4669 24406 - 102nd Avenue, Maple Ridge Prices subject to change without notice. GST not included. E.&O.E.
*
NEW DEVELOPMENT!
Pre Register Today!
Welcome Home Welcome to Myron’s Muse COMPETITIVELY PRICED 2 AND 3 BEDROOM COMMUNITY TOWNHOMES
An enclave of spacious townhomes in a strategically planned community designed for open space and functionality. Nestled in the natural beauty of Silver Valley yet only minutes from local amenities, parks, trails, greenbelts - it’s all here!
23651 – 132nd Avenue, Maple Ridge, BC
Pre-register today!
www.MyronsMuse.com This is not an offering for sale. Prices subject to change and exclude taxes. E. & O.E.
604-380-1801
Sales & Marketing by Coldwell Banker Westburn Realty & Sutton Group West Coast Realty.
AUGUST 8 - 22, 2014 | METRO VANCOUVER NEW HOME GUIDE 45
YOUR BEST SOURCE OF REAL ESTATE INFORMATION TO BUY, SELL, RENT OR RENOVATE. Pick us up at over 750 convenient locations including: Safeway, IGA, Skytrain Stations, Community Centres and More.
TO ADVERTISE CALL 604.519.6080 Aug 8 - 22, 2014 Volume 22 Issue 16
August 8 - 22, 2014 Volume 04 Issue 16
A DE R A .C O M | 6 0 4 - 9 8 0 - 0 0 1 6
INSIDE THIS ISSUE
VERTICAL STORAGE SOLUTIONS FOR YOUR HOME
NEIGHBOURHOOD PROFILE: CHARMING SOUTH CAMBIE
TIPS FOR DECIDING WHEN TO BUY
BOB RENNIE AWARDED THE ORDER OF BC
INSIDE THIS ISSUE
URBAN CONDOS AND YOUNG FAMILIES MIX
NEIGHBOURHOOD PROFILE: THE FUNKY WEST END
METRO VANCOUVER EDITION www.homedecorandrenovations.com
August 1 - 29, 2014 Volume 22 Issue 08
JULY-AUGUST 2014 VOLUME 13 ISSUE 4
Metro Vancouver Edition
FIND YOUR NEXT HOME
PLUS
FUTURISTIC BATHROOM
MUST-HAVES
Vancouver, BC
AVAILABLE NOW RentersGuide.ca RentersGuide
CO
RJR CONSTRUCTION
MI
NG
GIVES A BORING BUNGALOW A CLASSIC CHARACTER MAKEOVER
SO
ON
Van Ren 07-2014.indd 1
2014-07-11 4:05 PM
View our Magazines online at NewHomeGuide.ca Like Us on facebook.com/NewHomeGuideMetroVancouver
• ATLANTIC CANADA • CALGARY • EDMONTON • MONTREAL • VANCOUVER • WINNIPEG
on the move//
PITT MEADOWS/MAPLE RIDGE
packing tips To make your move a little easier • Gather boxes in all sizes from friends, neighbours and stores.
• Collect cushioning material such as bubble wrap, foam pellets, furniture pads, old blankets, plastic bags, tissue paper, newspapers and small towels to use as padding inside boxes.
• Create a “portable packing kit” with marking pens, a tape measure, packing tape, twine and scissors. Carry it with you as you pack up items in your home. • Reinforce the bottom of boxes with extra tape for added strength.
• Label each box with the name of the room in your new home where it should be placed. • List the contents of the box on the side of it.
• Label boxes containing fragile items with large red lettering.
• Place china in plastic bags and stack plates upright on their sides, not flat. • Pack your TV, stereo and computer in their original boxes whenever possible. • Keep boxes to 50 pounds or less.
• Pack heavy items into their own smaller boxes and place lighter items together into larger boxes. (Hint: Don’t pack all your books into one box!)
NEW SHOWHOME OPEN Now offering ranchers with master on main floor!
MOVE IN READY HOMES!
• Don’t move flammable, combustible, corrosive or explosive items such as paint, gasoline and ammunition. • Pack a bag of personal items you’ll need during the move and keep it in an easy-to-find place when you pack.
11007 Harris Drive AUGUST 8 - 22, 2014 | METRO VANCOUVER NEW HOME GUIDE 47
BURNABY / NEW WESTMINSTER NEWWESTMINSTER
Barnet Marine Park
U
G ag
Royal Oak Ave
Willingdon Ave
Gilley Ave
Royal Oak Ave
Patterson Ave
e Av
h 8t
St
eD rin
A RD SON EW WA ST Y
48 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
Cla rke Rd
B1e v lA ya o R
Duncan St
Boundary Rd
1710 Gilmore Ave 604-291-9130
Queen’s Park
A1
A3. Britton
y Wa nt rwe De
809 S Dyke Road (at Wood Street) Queensbourough 604-533-3575
A2. Aviara
e Av
r
St yd Ewen Bo e Av
BURNABY
h 8t
Braid St e Av
St
th 10
e Av h 6t
A3
Southridge Dr Ma
e Av
DE RI CB M
h 8t
MARIN E WAY
A1. Rivers Walk
e Av
h 6t
Mari ne D r
th 16
th 10
St
Imperial St
r sD th iffi Gr
MARINE W AY
t lS ria pe Im
ay W
Imperial St
Nelson Ave
BOUNDARY RD
Deer Lake Deer Lake Park
Oakland t S KIN GS WA Y Metrotown
SE Marine Dr
Burnaby Lake Regional Park
Can ada
nd rla be m Cu
Central Park
Lougheed Mall Austin Ave
Sprott St
da na Ca
Av e
y Wa di lar
North Rd
Sperling Ave
Cliff Ave
Holdom Ave
Squint Lake Park
ay W
49 t h
A4
A5
Un ivers ity Dr E ag lar di Wa y
Grey sto ne D r
Burnaby Mountain Golf Course Broadway
BCIT
68 Sixth Street 604-525-8980
r sit y Dr nive W
SFU
Brentwood Mall
B1. Dominion
BARNET HWY
G
Willingdon Ave
HASTINGS ST
A2
Burnaby Mountain Park
INL ET DR
Confederation Park
7458 Britton St 604-298-1313
A4. Thurston Street 3748 Thurston St 604-563-7001
A5. Lift
9350 University High St 604-320-3386
IS N PL O A W Y O HO P E ME N
D
OPEN THURSDAY TO SUNDAY 1 - 4 PM OR BY APPOINTMENT
LIMITED COLLECTION OF
3 BEDROOM
TOWNHOMES STARTING IN THE $500s
This is not an offering for sale. Any such offering must be made with a Disclosure Statement. Prices are subject to change. E. & O.E.
//in the news
CMhC AdviCe
Valuable fraud prevention tips for homebuyers and homeowners: part 1 » Misrepresenting property details or omitting information in order to Inflate the property value; » Adding co-borrowers who will not be residing in the home and do not intend to take responsibility for the mortgage. Another common form of fraud is when a con artist convinces someone with good credit to act as a “straw buyer.” A straw buyer is someone who agrees to put his or her name on a mortgage application on behalf of another person. In return for their participation, straw buyers may be offered cash or promised high returns when the property is sold. Often, straw buyers are deceived in to believing that they will not be responsible for the mortgage payments.
It’s important to know how to protect yourself from fraud. Canada Mortgage and Housing Corporation (CMHC) has consistently been a leader in the fight against mortgage fraud and offers the following tips to protect yourself against becoming a victim of mortgage fraud. MIsrepresentatIon of InforMatIon Mortgage fraud occurs when someone deliberately misrepresents information in order to obtain mortgage financing that would not have been granted if the truth had been known. This can include: » Misstating one’s position or inflating one’s income or length of service at their job; » Misstating employment status (ie. salaried/full time versus contract, part time, hourly or commission-based or self-employed); » Misrepresenting the amount and/or source of the down payment; » Purchasing a rental property and misrepresenting it as owner-occupied; » Not disclosing existing mortgage and/or debt obligations; 50 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
ConsequenCes of MIsrepresentatIon Borrowers who misrepresent information and straw buyers who allow a property to be purchased in their name are committing mortgage fraud and will be responsible for any financial shortfall in the event of default. They may also be held criminally responsible for their misrepresentation. reportIng fraud If you suspect that you or someone you know has been the victim of mortgage fraud, please contact your local police department or The Canadian Anti-Fraud Centre. on-line: www.antifraudcentre-centreantifraude.ca toll free: 1-888-495-8501 toll free fax: 1-888-654-9426 email: info@antifraudcentre.ca To find out more about mortgage fraud, visit the fraud prevention section of the Canadian Association of Accredited Mortgage Professionals (CAAMP) website at http://mortgageconsumer.org/protect-yourself-from-realestate-fraud. For over 65 years, Canada Mortgage and Housing Corporation (CMHC) has been Canada’s national housing agency, and a source of objective, reliable housing information.
BURNABY/NEW WESTMINSTER
Bike to the market & barely break a sweat from
coming fall 2014 1 & 2 BE D R OOM TOW NH OMES IN W EST BUR N A BY Live on Thurston Street, a quiet cul-de-sac minutes away from parks, shopping & transit.
Part of Anthem’s Neighbourhood Series
604.563.7001
The developer (Anthem Thurston Developments LP) reserves the right to make changes and modifications to the information contained herein. Promotions, prices and availability are subject to change without notice. This is not an offering for sale as an offering can only be made after the filing of a disclosure statement, and only in jurisdictions where qualified in accordance with applicable local laws. Please contact a developer sales representative for details. E. & O.E.
AUGUST 8 - 22, 2014 | METRO VANCOUVER NEW HOME GUIDE 51
//On the hOrizOn
Brooklyn Village
Parkside
Located in Surrey’s quaint and charming Sullivan Heights neighbourhood, Brooklyn Village is a collection of 119 townhomes boasting spacious floor plans and stunning features that include elegant yet functional interiors, gourmet kitchens, and secure home protection. Ideally located for quick, convenient access to schools, restaurants, and shops as well as public transportation routes, Highway 10, and King George Boulevard. Prices start under $300,000. Built by Lakewood. Brooklyn Village will be located at 5858 – 142nd Street in Surrey. For more information visit brooklynvillageliving. com or call 604.593.3351.
Get set to be part of Langley’s dramatic, evolving North Yorkson neighbourhood. Featuring 39 non-strata, four-plex-style rowhomes, Parkside is located directly across from the future 60-acre Yorkson Community Park and within walking distance of Yorkson Creek’s trail network, Yorkson Area Middle School, Willoughby Town Centre and the Carvolth Transit Exchange which offers rapid bus access to Highway 1. Ideal opportunity for first time buyers and mature downsizers to be part of this vibrant. For more information and to priority register, visit infinityproperties.ca/projects/ parkside or call 604.532.6060.
Tisdale Row
SouTh Surrey SingLe-FamiLy
Surrey TownhomeS
on the horizon Checking Out What’s Hot and New in the Lower Mainland’s Residential Marketplace and Beyond » by susan m boyce
Tell us your news Got a new development you’d like us to feature in On the Horizon? Drop me a note at onthehorizon@ wall2wallmedia.com, and we’ll do our best to get you in the next edition.
VancouVer TownhomeS Coming soon, this intimate infill project brings gracious living spaces to Vancouver’s Upper Fairview neighbourhood. Located just a block east of Oak Street and a short walk to VGH and the Canada Line, Tisdale Row offers one single-family, heritage-style house plus four rowhomes ranging from garden suite to spacious, multi-level townhouse — meaning you’ve got lots of options for diverse needs. Traditional, elegant finishings include Caesarstone quartz counters, Carrera marble counters, top of the line stainless steel appliances, and sophisticated hardwood laminate flooring. A great opportunity to make this your oasis in the heart of the city. For more information and to priority register, visit therockelgroup.com or call 778.846.5990.
On the Drive: Two to Tease
LangLey rowhomeS
The Village at Southwood Great location near 168th Street and 23rd Avenue in South Surrey’s Morgan Heights neighbourhood, this collection of threebedroom homes offers great design and plenty of room for growing families. Inviting architectural character accentuated by stone, stucco and wood, plus generously sized backyards for private outdoor enjoyment. Close to parks, top schools (including South Ridge and the soon to be built elementary school right across the street), multiple golf course, as well as the shops and amenities of the Morgan Crossing Shopping District and Semiahmoo Mall. Coming next year, the Grandview Heights Aquatic Centre will add new recreational experiences. For more information and to priority register, visit mstarhomes.com.
Here’s a couple of projects to note for anyone who loves the eclectic nature of The Drive neighbourhood in Vancouver. Built by Otivo Development Group — the developer who brought you Paddington Mews and Paddington House in Metrotown — Kitchener Court and 3 on Cotton are two intimate, infill townhouse properties coming soon. Specifics are still difficult to uncover, but you can register on line for these and other properties at otivo.ca so you’re first to get more details. 52 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
homebuyers’ help//
Homebuyers’ Resource Section You love the home, see what you can afford! » Compare mortgage rates for your best deal
» Calculate your mortgage payments using the mortgage payment calculation chart
AUGUST 8 - 22, 2014 | METRO VANCOUVER NEW HOME GUIDE 53
Calculate your mortgage payments interest rate
amortization period
Chart figure
example: 5%
25 Years
5.82
mortgage amount ÷ 1,000 (mortgage amount $125,000)
125
monthly payment
$
Follow these steps to see if you’ll qualify for a mortgage on your dream home
01 02 03
Calculate the combined monthly before-tax income of you and your spouse. Divide by three. This figure is the monthly payment you can afford to make on your home. Take the total price of the home and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.
04
Refer to the chart on the opposite page. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most firsttime buyers take the 25-year amortization.)
05
06 07
Add to this your estimated monthly heating costs and monthly property taxes. If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream home.
Multiply this figure by the amount you need to borrow. Divide by 1,000. » Bear in mind that this is a rough estimate. If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice andget pre-qualified.
54 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
Mortgage payment calculation chart %
Interest rates
amortization periods
10 Years
15 Years
20 Years
3.00%
9.65
6.90
5.54
3.50%
9.88
7.14
5.79
3.25% 3.75%
9.76
9.99
7.02 7.26
25 Years
30 Years
4.73
4.21
5.66
4.86
5.91
5.13
4.61
5.40
4.90
4.99
4.00%
10.11
7.38
6.04
5.26
4.50%
10.34
7.63
6.30
5.53
4.25% 4.75%
5.00%
5.25%
5.50%
10.23 10.46
10.58
10.70
10.82
7.50 7.75
5.82
8.14
6.85
6.10
8.40
7.12
8.01
8.27
6.25%
11.19
8.53
6.50% 6.75%
7.00% 7.25%
7.50% 7.75%
8.00%
8.25%
8.50%
11.31 11.43
11.56
11.68 11.81 11.94
12.06
12.19
12.32
8.75%
12.45
9.25%
12.71
9.00% 9.50%
12.58 12.84
8.66
8.80 8.93
9.07
9.21
9.34
9.48
9.62
9.76
6.74
6.11
7.55
6.85
6.42
7.84
7.16
7.41
7.69
7.63
8.59
7.95
8.14
8.44
11.25%
11.50%
11.75%
13.77
13.91
11.06
11.22
11.36
11.52
8.45
8.10
8.78 9.12
9.29
10.16
9.63
10.00
9.46
10.32
9.80 10.15
10.49
11.97
10.98
12.75%
14.59
12.28
11.31
12.13
7.76
9.84
14.32
14.46
8.12
8.63
12.25%
12.50%
7.42
7.59
8.95
10.65
11.82
7.08
7.25
9.52
11.66
14.18
6.91
8.28
14.04
12.00%
6.75
8.62
9.68
13.64
6.59
9.20
10.77
13.50
7.79
6.26
8.28
13.24
11.00%
7.47
5.95
8.86
10.25% 10.75%
7.00
8.28
9.05
10.92
6.70
7.32
9.36
13.37
6.40
7.99
10.48
10.50%
5.49
5.64
6.55
10.19
10.63
5.19
5.34
7.26
12.97 13.10
5.04
5.79
8.74
10.33
4.76
6.25
9.90
10.05
5.96
4.48
6.98
9.75%
10.00%
5.67
6.57
10.94
11.07
6.44
7.88
5.75%
6.00%
6.17
4.34
10.81 11.15
7.93
8.45
8.80 8.98 9.16
9.34
9.52
9.97
9.70
10.32
10.06
10.49 10.67
10.85
9.88
10.25
10.43
10.61
This table shows the monthly payment of principal and interest for each $1,000 of mortgage. example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 AUGUST 8 - 22, 2014 | METRO VANCOUVER NEW HOME GUIDE 55
BRITISH COLUMBIA’S NEW HOME DEVELOPMENTS PROJECT
TYPE
ABBOTSFORD Abacus Uptown Auguston Cedar Landing Eagle Estates Eagles Gate Falcon Ridge Foxwood Harvest Hudson’s Loft 2 Lift Luna Waterleaf
LR SF TH SF SF SF SF TH LR LR TH LR
PRICE
PROJECT
604-854-1201 604-308-8660 604-850-5040 604-859-3141 604-309-7729 604-309-0540 604-850-5040 604-607-7801 hudsonsloft.ca 604-557-1047 778-895-5862 604-850-3694
Call From $559,000 Fr. 274,900 inc net GST From $599,900 From $373,500 From $789,000 From $524,900 From $279,900 Call Call From $289,900 From $179,000
HR HR HR HR TH TH HR TH TH LR/TH LR HR HR LR LR TH HR HR HR LR TH LR HR HR HR HR LR LR
604-451-9517 604-456-8883 604-291-9130 604-563-8386 604-293-1818 604-436-1100 libertyhomes.ca 604-329-8228 604-671-5565 604-320-3386 liveatburnabyheights.com 604-899-8800 604-899-8800 604-435-9477 604-435-9477 604-435-5565 604-435-8866 604-439-9580 604-456-0688 604-431-6033 604-438-9922 604-527-7955 604-525-8496 604-435-8866 604-298-8800 604-438-1113 604-528-8906 604-218-3338
$409,900 From Mid $200’s Call From $299,900 From $504,900 From $499,900 Call Call Coming Soon Call Coming Soon From $349,800 Coming Soon Call From $439,900 Call Call Call From $389,900 Call From the $290’s Call Call Call From Low $300’s Call From Low $300s From $249,900
SF TH SF SF/LR/TH
www.livethefalls.com 604-795-6938 604-534-5079 604-824-5062 604-858-7179 1-877-858-2408 1-800-830-7175 604-991-5151 604-991-1777 604-991-8250 604-824-6473 1-800-830-7175
From $389,900 From $242,900 From $249,900 Call From $269,900 From $399,900 From $184,900 From $149,900 From $259,900 Coming Soon From $508,000 From $242,900
BURNABY Aldynne on the Park Altitude Aviara Brentwood Britton Casa d’oro CentreBlock at Univercity Eden at Edmonds Highland Park Metrotown Lift Madison Met 1, The Met 2, The Metro One Metro Two Metro Metroplace Moda Modello OakTerra Paddington Mews RedBricks Reflections Silver Solo District Station Square Storybrook Trio CHILLIWACK / SARDIS Camden at The Falls Centre Field Englewood Village Garrison Crossing Heron’s Landing Jinkerson Vistas La Cason Radius River Walk Seasons at Cedar Sky Summit Residences, The Townsend Terrace
C O N TA C T
Penthouse (PH)
SF LR LR TH TH SF TH
Live Work (LW)
City Home (CH)
High Rise (HR)
TYPE
COQUITLAM 1123 Westwood Amberleigh Austin Bloom Bridlewood Burke Mountain Heights Charland Como Evergreen Grand Central 2 Hazel Kingston Mackin Park MTwo MThree Novella Oasis Reef Regan’s Walk Riley Secret Ridge Somerton Sterling DELTA NORTH DELTA Delta Rise Lakeside Luxor South Pointe TSAWWASSEN Brio Tsawwassen Heights Tsawwassen Shores Tsawwassen Springs LANGLEY Athenry Gate Arcadia Cornerstone Elements Focal Point Keaton Ivy Row Kensington Mason & Green McBride Station Mission Green Serenity Varsity Virtue Winchester Estates York York by Mosaic Yorkson Creek Yorkson South
Mid Rise (MR)
Low Rise (LR)
Loft (LO)
PRICE
HR SF HR LR/TH TH SF LR LR HR HR LR SF LR HR HR MR HR TH LR TH DP SF SF
604-472-1123 604-514-4359 604-931-0302 604-939-8808 604-472-9018 778-285-6299 604-492-3388 604-939-0018 604-942-2672 604-936-1888 778-829-1500 604-514-4359 604-939-8874 604-472-9555 604-472-9555 604-464-2701 604-288-8909 604-492-0222 604-468-7688 secretridge.ca 604-469-8581 604-464-2260
Call Coming Soon From low $200’s $264,000 $439,900 From $888,800 Call From $208,800 From $273,900 From $309,900 From $220,500 Coming Soon From $199,900 From $599,900 From $281,900 Coming Soon Call From $349,900 From $199,900 From $349,900 Coming Soon From $699,900 From $689,900
HR TH LR SF
604-594-7473 604-585-7107 604-590-8003 604-584-2908
From $189,900 From $558,000 From $199,900 From $699,900
LR SF SF SF/LR
604-943-8811 604-271-7288 604-943-6677 604-948-HOME
Call Call From $499,900 Call
TH LR TH TH TH TH LR SF
604-882-8857 arcadialiving.ca 604-534-6000 604-533-7718 604-377-7000 604-882-3733 604-999-9323 604-427-3311 604-852-5382 604-533-0881 604-871-4288 604-371-1538 604-539-2200 604-534-6800 604-533-1886 604-534-9495 604-882-6758 yorksoncreek.com 778-785-1673
From $137,500 Coming Soon From $199,900 From $199,900 Coming Soon Call for Info Fr. $479,900 inc GST From $199,900 From $$319,900 Coming Soon From $314,900 Call for Info From $139,900 Call for Info From $309,900 Call From $259,900 From $179,900 From $440,000
LR TH LR SF LR SF SF SF SF SF
604-463-0588 604-351-3261 604-318-5254 www.cliffstone.ca 604-466-8783 604-230-3935 604-466-9278 604-805-4668 604-351-3261 604-463-5000
From $174,900 From $254,900 Call Coming Soon From $149,900 Call From $498,900 Coming Soon Call Call
LR TH LR LR LR TH RH LR TH TH
MAPLE RIDGE 223 North Albion Station Cascada Cliffstone Edge on Edge Grant Hill Estates Hampstead at Silver Ridge Jackson Park Jackson Ridge Mainstone Creek
C O N TA C T
Duplex (DP)
Townhouse (TH)
Row Home (RH)
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 omes starting from the mid $100’s
FIFTHAVE.CA 56 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
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@wall2wallmedia.com PROJECT
TYPE
C O N TA C T
PRICE
PROJECT
TYPE
C O N TA C T
PRICE
Meadows Pointe Montgomery Acres Myron’s Muse Parc Vue Pointe, The River’s Edge Robertson Heights Signature at Falcon Centre Spencer’s Green Station One Summit at Grant Hill Two Birds Village Green Village Walk Wellington Station Wynnridge
LR SF TH LR SF LR SF LR SF LR SF TH TH SF LR SF
604-522-8970 604-477-2959 604-380-1801 604-467-8884 604-999-2452 604-318-5254 604-514-4359 604-477-1500 778-846-3200 604-467-9300 604-405-4437 604-467-7000 604-476-2292 604-465-6524 604-380-0300 604-466-6388
Coming Soon From $509,980 Coming Soon Coming Soon From $489,900 From $174,900 Coming Soon Call From $528,900 Coming Soon From $690,900 Call From $279,900 Call From $189,000 Call
PORT COQUITLAM Altura Burleigh Walk Carmandy Citadel Heights Dominion Fremont Blue Fremont Green La Via Orchid Prima Residences Shaughnessy, The South Verde Valorie on the Park
LR LR LR SF TH TH LR LR LR LR HR LR LR
604-552-5887 604-464-5856 604-435-9477 604-468-2169 604-469-8988 604-552-0319 604-349-9245 604-475-5100 604-866-4206 604-945-3999 604-468-8252 604-468-8640 604-464-4764
From $219,900 From $199,000 From $209,900 From $829,900 Call From$319,900 Coming Soon From $169,900 From $149,900 From $219,900 Call Call From $246,900
MISSION / HARRISON Fraser Landing Horizons
PORT MOODY Residences, The Station, The
HR TH
604-552-0552 604-492-3338
Call Call
TH TH
1-888-826-1177 1-888-826-1177
From $249,900 From $319,800
NEW WESTMINSTER 258 on Sixth Alexander Walk Brewery District Carlyle at Victoria Hill Dominion Elliot St English Mews Flow Glass House Lofts Grove, The Lookout at Victoria Hill, The Northbank Parkside at Victoria Hill Rivers Walk Thompson Landing Trapp & Holbrook Viceroy
HR TH HR HR MR HR TH TH LR LR LR HR HR TH SF HR LR
604-377-9630 604-779-1292 604-694-1188 604-523-0733 604-525-8980 604-524-8080 604-517-1688 604-520-9880 604-520-9890 604-523-0733 604-523-0733 604-523-0081 604-523-0733 604-533-3575 604-520-3226 604-525-0223 604-522-2583
Call From $349,900 Coming Soon Call Call Call Call From $508,900 Call From $266,900 Call From S261,900 Call From $469,900 From $476,900 From $299,900 Call
HR LR LR MR/TH LR MR HR LR LR TH HR/LR/TH TH LR LR LR/TH LR MR LR MR/TH HR LR LR
604-980-9949
RICHMOND Alexandra Court Avanti Blue Heron Marine Estate Cadence Carrera Concord Gardens Empire Living Gardens, The Harmony Monet Elle Opal at Richmond Centre Ora Pinnacle Lilving at Capstan Pier, The Remy River Inlet River Park Place Saffron Southpointe Cove Tempo Westminster Terrace
LR LR/HR SF HR HR HR TH LR HR HR HR HR HR HR/MR/TH LR LR MR/TH HR LR TH HR TH
604-278-5809 604-276-9186 604-649-8630 604-276-8683 604-244-7721 604-233-7748 604-244-9622 604-271-3331 604-278-3939 604-233-7748 ellerichmond.com 604-303-7575 604-278-8838 604-303-0148 604-274-7326 604-279-8866 604-233-2633 604-282-7838 604-270-2482 604-273-2828 604-276-8885 604-204-1077
Phase 2 Now Previewing From $354,900 From $1,700,000 Call Call From $300,000’s Call From $298,800 From $318,800 From $300,000’s Coming Soon From $464,900 Call From $299,900 Call From $211,900 Call From $229,500 Call Call From $283,900 Call
SQUAMISH / WHISTLER Elaho Ocean Crest Ravens Plateau Aqua University Heights
TH SF SF TH/LR LR
604-898-2232 604-896-2235 1-888-852-7575 1-877-344-5566 1-888-852-7575
Coming Soon From $1,298,000 Call From $239,000 Call
NORTH VANCOUVER 15 West 221 East 3rd Anchor, The Atrium at the Pier Canyon Springs Capstone CentreView Drive, The Heywood on the Park Latitudes Local on Lonsdale Loden Green Maplewood North Mill House Northlands Orizon on Third Pinnacle Residences at the Pier Remix Trophy at the Pier Seylynn Village Shore, The Wallace & McDowell PITT MEADOWS Cedar Downs Liv42 Osprey
LR LR TH Penthouse (PH)
From $340,000 Coming Soon 604-988-8800 From Mid $200s 604-983-9065 Call 604-973-0298 $389,900 604-929-8870 Call 604-998-8540 Call 604-986-8138 Call 604-985-0003 From $288,900 604-435-9477 From $469,900 604-998-0219 Call 604-988-0022 From low $600s 604-727-1594 From $378,900 www.marcon.ca/millhouse Coming Soon 604-800-2120 Call 604-638-6240 From $469,900 604-983-9065 Call 604-924-4488 Coming Soon 604-983-9065 From $509,900 604-980-5000 Coming Soon 604-980-0016 Call 604-971-2266 Coming Soon 778-846-3200 604-460-6601 604-465-8712
Live Work (LW)
City Home (CH)
From $194,900 From $134,900 High Rise (HR)
SUNSHINE COAST SECHELT SilverStone Heights
SF
604-741-1877
From $479,900
SURREY 3 Civic Plaza Ashbury Hill Ascend Balance Bishop Creek Blackberry Walk Boardwalk Brixton Brookside Canvas Connect Creekside Dawson + Sawyer Fleetwood Mac Edgewood Esplanade at Waterstone
HR TH LR LR TH TH TH TH TH TH LR TH TH TH LR
604-951-3331 ashburyhill.com 604-596-2202 tiensher.com 604-588-0005 604-501-6119 604.506.1852 604-503-0483 604-372-2071 604-598-8873 778-395-1886 604-372-0400 604-498-3811 604-644-7811 604-530-5399
Call From High $200’s From $170’s Coming Soon From $354,900 Coming Soon From $341,900 From 299,900 Fr. $279,900 Call From $118,800 High $200’s Coming Soon From $344,900 From $219,900
Mid Rise (MR)
Low Rise (LR)
Loft (LO)
Duplex (DP)
Townhouse (TH)
Row Home (RH)
AUGUST 8 - 22, 2014 | METRO VANCOUVER NEW HOME GUIDE 57
PROJECT
TYPE
Eton Fusion G3 Residences Grove at Cambridge, The Guildford Greens Heights Highcrest Highlands Horizons Joi Living Kendra Latis Latitude Lingo Lumina Madison Manarola Oliver’s Lane One 44 Panorama Station Panorama West Village Panorama Woods Park Avenue Quattro 3 Redwood Rockwoods, The Silverwood Teo Hyland Residences Ultra at West Village Verve The Walks University District Wave Wynd Zen CLOVERDALE Cadence Clayton Heights The Grove MacKenzie Estates One92 Sun 72 Salix Uptown Clayton Village
PRICE
PROJECT
TH TH HR TH TH TH TH SF SF TH TH LR LR LR LR TH LR SF TH TH TH TH HR LR TH TH TH TH TH/HR LR TH HR HR HR TH
etonliving.com 778-578-9779 604-453-6688 604-597-7177 604-307-0400 604-538-8888 604-584-7273 778-565-7768 778-565-7768 604-574-8888 604-590-9122 604-575-0669 604-596-5075 604-727-5478 604-727-5478 604-543-6262 604-825-1038 604-543-3868 604-503-6402 604-372-2275 778-885-6700 778-593-9954 604-583-9866 604-581-8000 604-503-6929 604-503-1188 silverwoodliving.com 604-288-8918 604-588-6999 604-588-3783 604-440-8070 604-588-5795 604-951-9283 604-951-9283 604-355-0166
From Low $300’s From $344,900 Call From Low $300’s From $349,900 Coming Soon Fr. $345,900 Call for Info Call for Info From $339,000 From $329,900 From $194,900 From $264,900 From $159,900 From $274,900 From $323,000 From $179,900 Incl. GST From $489,900 From $289,900 From $299,800 Call From $314,900 From $250’s From $159,900 Call for Info From Low $300’s From Low $300’s From $299,900 From $186,900 From $160’s Call From $221,900 Call From $199,900 Call
SF TH/DU TH TH LR/TH TH LR TH
604-727-5478 604-723-4497 604-533-6968 604-538-2125 604-576-1772 604-575-8806 604-530-0054 778-574-0146
From $699,900 From $549,900 From $275,900 From $349,900 From $199,900 From $292,900 From $241,900 From $339,900
604-879-9996 604-875-8508 604-781-4303 604-620-6692 604-620-2018 604-682-8813 604-669-8200 604-687-4353 amacon.com 604-899-8800 604-685-0855 604-682-8107 604-688-8927 604-876-9222 604-568-8283
From $327,400 Coming Soon Call From $349,900 From $239,900 From $269,900 From $389,900 Call From $300’s From $300’s From $349,900 Call Call From $685,000l From $268,000
238westbroadway.ca 604-569-3388 604-330-8838 cordovan.ca 604-338-5233 604-620-7886 604-688-5527 604-877-1116 604-261-3936 604-563-6777 604-434-2205
Call From $227,900 From $266,900 Coming Soon Call Call From $349,900 From $339,900 Coming Soon Coming Soon $359,900
VANCOUVER & AREA DOWNTOWN 999 Seymour HR Canvas MR Fairmont Pacific Rim Estates HR Fairmont Pacific Rim Estates HR Keefer 188 LR Keefer Block LR Maddox HR Mark, The HR Modern HR One Pacific HR Pacific Pt HR Private Residences at Hotel Georgia, The HR Rolston, The HR Sapphire, The HR Tate On Howe HR EAST SIDE 238 W Broadway LR Bohème LR Charm LR Cordovan LR Jade LR Kensington Gardens LR Local LR Main Street LR Shine MR Focal LR Shoreline LR Penthouse (PH)
C O N TA C T
Live Work (LW)
City Home (CH)
High Rise (HR)
TYPE
C O N TA C T
Skyway HR Triumph TH View 388 LR The Heatley at Strathcona Village MR Wall Centre Central Park HR Woodshire TH WEST SIDE 6 & Fir HR 5555 Dunbar LR W10th & Maple MR/TH Alder Crossing TH/Studios Anchor TH Arbutus Ridge MR Binning Tower HR Block 100 HR Cambie & 7th HR/TH Cambria LR Central HR Elizabeth LR Midtown LR Empire at QE Park LR Granville at 70th HR Kerrisdale Gardens MR Kits360 LR Lido HR MC2 HR Meccanica MR One, The MR/HR Opsal HR Pinnacle Living at False Creek MR Pinnacle Living Broadway MR Prodigy HR Radius LR Tower Green at West HR Sail MR Shannon Wall Centre Kerrisdale LR Sixth and Willow Village on False Creek, The MR WEST VANCOUVER Evelyn LR WHITE ROCK / SOUTH SURREY Adagio Avra Belcroft, The Blu Breeze Elevate at the Hamptons Essence at the Hamptons Gemini George Grandview Heights Headwaters Heights, The Juniper Morgan Heights Morgan Living Newport at West Beach On The Course Promenade Royce Sakura Saltaire Sausalito Southbrooke South Point Walk Summerfield Toccata Winter Street Woods
Mid Rise (MR)
Low Rise (LR)
Loft (LO)
LR HR TH TH TH DU TH LR TH TH LR TH/LR SF SF SF LR TH LR LR TH LR MR SF LR/TH SF TH LR TH Duplex (DP)
PRICE
604-436-1100 604-563-6200 604-330-8838 604-683-0900 604-874-9232 604-719-1700
Call From $199,000 From $219,900 From $199,900 From $299,900 From $420,900
604-899-8858 604-568-7551 604-239-2080 604-600-5405 604-738-0001 604-646-1111 604-682-8801 604-568-5060 604-325-2216 604-687-4353 604-687-8800 605-563-3330 604-568-5060 604-687-2298 604-559-9848 604-737-0360 604-872-2672 604-638-9998 604-876-8819 604-874-8368 604-876-7332 604-874-8368 604-739-2080 604-221-8878 604-731-5522 604-707-9378 604-221-8878 604-267-8882 sixthandwillow.com 604-733-2010
From $449,900 From $349,900 From $429,900 From $290,000 Coming Soon Call From $499,900 Call Call Call Call Coming Soon Coming Soon Call Call Call From $379,900 From $513,900 Call From $349,900 From $349,900 Call From $369,900 From $399,900 From high $300s Call Call Call Call Coming Soon From $414,500
604-922-0330
Call
604-531-6659 From $288,900 604-531-9030 From $319,900 604-568-8830 From $599,900 604-782-5258 From $599,900 incl. GST 604-582-1113 Call 604-723-4497 From $629,900 604-723-4497 From $379,800 604-536-1663 Call 604-571-6400 Call discovergrandviewheights.com 604-535-1451 From $232,900 778-545-8737 From $365,900 liveatjuniper.ca From $769,000 604-560-1053 Call 604-385-0551 From $699,000 604-536-0256 Call 604-385-0111 From $300’s 604-531-1111 From $314,900 604-538-8028 From $314,900 604-538-5588 Call for Info 604-560-1656 Call 604-531-2200 Call 604-805-2941 Call 604-560-3238 From $230’s 604-536-1155 From $684,900 604-535-5088 $354,900 604-364-7455 From $299,900 604-538-8876 From $379,900 Townhouse (TH)
Row Home (RH)
www.macmarketingsolutions.com We sell the homes you want to buy. /MacMarketingSolutions 58 METRO VANCOUVER NEW HOME GUIDE | AUGUST 8 - 22, 2014
@MAC_Marketing
/MACMSTube
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S O P H I S T I C AT E D D E S I GN
PHASE
AST CHANCE FOR PRE COMPLETION PRICING
39 TOWNHOMES 2845 156 Street, Surrey 778-545-8737
ONLY 19 LEFT! BY LAKEWOOD
PRICED FROM $344,900
14356 63A Avenue, Surrey 604-543-6262
PIECE ENSUITE CONDOS
56 TOWNHOMES 13886 62 Avenue, Surrey 778-578-9779
TOWNHOMES PRICED FROM $314,000
4 BEDROOM ROWHOMES & 49 CONDOS BY LAKEWOOD
19201 66A Avenue, Surrey 604-576-1772
LAKEWOOD.CA