BC New Home Guide - December 14, 2012

4 -WEEK ISSUE Dec 14, 2012 - Jan 11, 2013 Volume 20 Issue 25

3-bedroom homes with full basements and no strata fees from $379,980 *

WE ARE OPEN FOR THE HOLIDAYS! COME TAKE A LOOK! CHECK OUT SPRINGSIDEHOMES.CA FOR SEASONAL HOURS.

Plus! Ask us how to get $10,000 back from the government for buying a new home! * See sales representatives for program details, terms and conditions.

INSIDE THIS ISSUE

YEAR IN REVIEW: A LOOK BACK AT 2012

CANADA TO AVOID A U.S.-STYLE MELTDOWN

END OF YEAR TAX TIPS

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8 METRO VANCOUVER NEW HOME GUIDE | DEC 14, 2012 - JAN 11, 2013

CLIENT: Portrait Homes Ad FILE NAME: Portrait_PANORAMA_NHBG_Holidays.indd

DATE: Dec 6/2012 AD SIZE: 7.25” w x 9” h PUB: New Home Guide

Season’s Greetings from Vesta!

We wanted to thank everyone who has visited our neighbourhoods and purchased a new home from us this past year. We are excited to have helped over 275 families realize their dreams of owning a new home in BC and Alberta.

From December 20th to January 2nd, all of our sales centres and showhomes will be closed for the holidays so our staff can spend quality time with friends and family.

We wish everyone the very best this holiday season!

Find your new home for the new year, visit VestaProperties.com or follow us: Facebook/VestaProperties

contents DEC 14, 2012 - JAN 11, 2013

||

VOLUME 20 ISSUE 25

cover story

p.16

SPRINGSIDE Celebrate life

24

special features 12

EDITOR’S NOTE

20

YEAR IN REVIEW

A look back at 2012

by Susan M Boyce

24

SHOWHOME OF THE WEEK

Capella – everyday elegance brought to life inside Polygon’s Delta showhomes

by Janine Mackie

34

Q&A

Love your home forever: Q&A with Lynn Harrison –

by Susan M Boyce

56

ON THE HORIZON

Checking out what’s hot and new in the Lower Mainland

by Susan M Boyce

010-011 VAN Contents-AY-WK.indd 10

12/11/12 4:49:16 PM

VICE-PRESIDENT, WALL2WALL MEDIA

Jacqueline Hill

DIRECTOR OF SALES, WESTERN CANADA

Josh Heppner ACCOUNT EXECUTIVES

34

David Bird 604.319.7102 Brenda Everitt 604.319.7103 EDITOR-IN-CHIEF, NATIONAL REAL ESTATE

48

Susan Legge EDITOR

Wayne Karl ART DIRECTOR

Julie Yoo

PRODUCTION MANAGER

Bala Gnanapandithan GRAPHIC DESIGNER

Alexander Yakubovich PRODUCTION CO-ORDINATOR

Laura Northmore EDITORIAL WRITER

Susan M Boyce CONTRIBUTING EDITORIAL WRITER

Janine Mackie

SALES COORDINATORS

Ranee Pal (on leave), Justin Salvador NATIONAL ACCOUNT MANAGER WESTERN CANADA

Frank Franco 778.847.9311

NATIONAL ACCOUNT MANAGER EASTERN CANADA

Maureen O’Byrne 416.784.5200, ext.3349 NATIONAL ACCOUNT MANAGER, MEDIATIVE

homebuyers’ help

in the news

42

32

48 54

FINANCES

Canadians resolve to better manage their finances in 2013 FINANCES

60

Canada to avoid a U.S.style housing meltdown Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.

district maps

FUNDAMENTALLY SPEAKING

14 Pitt Meadows

by Wayne Karl

57

PUBLISHED BY

CIBC WORLD MARKETS

End of year tax tips A long-term view of your new-home purchase produces a brighter picture RESOURCE SECTION

Mortgage Calculator and Rate Table LISTING DIRECTORY

Complete listings of more than 250 new-home developments throughout Vancouver and the Lower Mainland

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Submit articles or advertising to Suite 102 4180 Lougheed Highway Burnaby, BC V5C 6A7 PHONE 604.519.6080 FAX 604.519.6088

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12/11/12 4:49:21 PM

editor’snote

Review your contract

Know what you’re signing for – beforehand

H

ome-shoppers may not realize that the contract for a new home is different from the traditional resale version.

Since a new home is not always built when the contract is drawn up, it’s often based on the lot and a model that you, the buyer, have selected. Builders often offer several versions of one model and different variations on the exterior appearance as well, so be sure to verify that your contract describes the right home and the elevation type and floorplan specifications you want.

The lot and orientation of the home are also important to verify, since a builder may assign certain models to specific lots in order to create an attractive streetscape. This may result in a reverse floorplan to fit into the overall community design, which means the entire home will be reversed when compared to the floorplan you reviewed. Check with your builder if this is the case with the home you are considering if you are concerned about this being a possibility. Some people don’t mind, while others do.

A good sales representative will review your specific home and contract with you, and a proper new-home contract will include all of these details. Since contract agreements differ from builder to builder, be sure that all is in order by having your contract reviewed by a real estate lawyer to make sure all the details are documented properly and accurately.

Susan Legge EDITOR-IN-CHIEF Wall2Wall Media,Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge

Here’s to 2013

Next year looks stable, if somewhat challenged, all things considered

I

t’s certainly been an interesting year, 2012. As I write this, the U.S. economic expansion continues gradually, Europe remains in recession, growth in China is stabilizing and the Bank of Canada has once again held its overnight lending rate at one per cent. And somehow, despite it all, the Canadian economy and housing market continue to hold their own, albeit somewhat tenuously in some areas more than others.

RBC Economics Research says homeownership affordability improved in many markets in the third quarter of this year, and Canada Mortgage and Housing Corp. forecasts that 2013 will be a year of moderation in some areas, continuing growth in others. Most importantly, Canada’s economic fundamentals remain strong and supportive of housing demand. In Vancouver, specifically, employment and population growth over the long term will continue to support real estate here.

Indeed, against the backdrop of what’s going on elsewhere in the world, Canada’s performance in 2012 is worth celebrating. Not that our industries and housing markets are immune from international developments – in fact, far from it.

But with smart fiscal policy and prudent lending practices – and awareness of key market fundamentals by Canadian homebuyers – here’s to more of the same in 2013.

Wayne Karl EDITOR Wall2Wall Media, wayne.karl@wall2wallmedia.com Follow me on Twitter at Twitter.com/WayneKarl

12 METRO VANCOUVER NEW HOME GUIDE | DEC 14, 2012 - JAN 11, 2013

012 Editors PAGE_AY-WK.indd 12

12/11/12 3:47:05 PM

Final Sell Out Pricing on Last 6 Remaining Homes

NOW PRICED FROM

718,800

$

Fully Furnished Showhome Open by appointment over the Holiday Season

dec 14, 2012 - jan 11, 2013 | metro vancouver new home guide 13

Victoria Dr

HW Y

Ottawa St

Coast Meridian Rd

e

Cedar Dr

Ave

Pitt Meadows / Maple Ridge

Dominion Ave

232rd St

4

Dewdney Trunk Rd

116th

Derby Reach Regional Park

240th St

207th St

Ave 1

Y HW

2. Hampstead at

Silver Ridge 13555 230A St. 604-466-9278

14 metro vancouver new home guide | dec 14, 2012 - jan 11, 2013

3. Trails Edge

24185 1068 Ave. 604-805-4669

4. Forest Hills

Dewdney Trunk Rd. & 264th 604-575-5262

5. Springside

24177 102 Avenue 604-477-2959

r Maclure D

104th Ave 5

102th Ave

Jac kso n

ED GHE LOU

Maple Ridge 11176 Gilker Hill Rd. 604-476-1188

110th Ave 108th Ave

Golden Ears Bridge

1. Bluetree Homes

at Kanaka Creek

3

Way aka Kan

240th St

Harris Rd

r Rd Rive

248th St

Dewdney Trunk Rd

227th St 228th St

124th Ave 224th St

216th St

123rd Ave

2

Hammond Rd

Pitt Meadows Airport

S Bonson Rd

Ford Rd

Meadow Gardens Golf Course

203rd St

HW Y

Harris Rd

LO UG HE ED

Dewdney Trunk Rd 210th St

Dewdney Trunk Rd

224th St

e

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dec 14, 2012 - jan 11, 2013 | metro vancouver new home guide 15

coverstory

Springside CELEBRATE LIFE

by Susan M Boyce

It’s Springside’s amazing value that immediately attracts people.

Ryan Connolly

P

icture this. A brand new home with covered front porch, gourmet kitchen, full basement, and a vaulted master bedroom. Now picture yourself living there for less than $400,000.

Impossible? Not at all. Introducing Springside by Epic Homes.

VALUE YOU CAN COUNT ON “It’s Springside’s amazing value that immediately attracts people,” says Ryan Connolly, Epic’s general manager. “We have homes priced from $379,900 – in other words, well under $400,000. And these are turnkey

houses with your own, fully landscaped yard, situated on your own lot and with no maintenance fee to pay.”

As a bonus, he notes this pricing falls well under the threshold for first time buyers to take advantage of the current BC government rebate – meaning people who buy one of the homes that will be ready for occupancy prior to April 1, 2013, will be eligible for a tax credit worth up to $10,000.

OH WOW INTERIORS Inside, Springside is all about quality and good looks. “We always pay particular attention to the kitchen, because it’s such an important part of today’s lifestyle,” Ryan says. “For example, we use real wood cabinetry with soft-close doors and drawers because it just makes a home feel better.” The stainless steel fridge and range have also been big time hits.

Then there are all the small details, details Ryan says are easy to overlook but

16 metro vancouver new home guide | dec 14, 2012 - jan 11, 2013

016-017 Cvr Springside_AY-WK.indd 16

12/11/12 4:27:27 PM

make a huge difference to the way a home lives: vaulted master suites with ceiling fan, soap and accessory niches built right into the tub or shower surrounds, and sunny window ledges above the kitchen sink for growing fresh herbs.

Naturally, outdoor spaces are generous. After all, playing outside is as much a part of growing up as hosting family and friends for summer barbeques. And Springside has the patios and yards to accommodate it all.

“Every Springside home also comes with a full basement, meaning you’re getting a total of more than 2,200 sq. ft. of living space – so it’s great for young families starting out, empty nesters who want to downsize and everyone in between,” Ryan says. “And since each basement has it’s own, exterior door, it’s not only great as a home office, but tradespeople won’t be walking through your home when you’re ready to finish the space.” Not a DIY type? No problem.

“Most purchasers choose to bring their own creativity to finishing the basement, but we can certainly take care of it for you if you prefer.”

DYNAMIC NEIGHBOURHOOD Located in Maple Ridge’s Country Lane neighbourhood near Kanaka Creek, Springside has a peaceful tranquility yet boasts easy access to a diverse array of city amenities. Rapidly, Ryan lists off just a few. “Bruce’s Market and the new Kanaka Creek Coffee House are just down the street. The Albion Montessori Elementary and the year-round Kanaka Elementary are nearby. Plus you can be in downtown Maple Ridge in less than 10 minutes.”

Maple Ridge is also home to a broad selection of cultural and recreational amenities.

More than 100 kilometres of hiking, cycling and equestrian trails provide everything from ‘casual stroll’ to ‘adrenaline junkie.’ Festivals range from Caribbean to Bluegrass and live performances at ACT (the Arts Centre Theatre) are sure to surprise and delight.

Springside’s presentation centre and display home are located at 102nd and 241A St. in Maple Ridge and will be open over the holiday season – please check the website for adjusted seasonal hours. Prices for these three-bedroom homes start at just $379,900. For more information visit epichomes.info/springside or call 604.477.2959. dec 14, 2012 - jan 11, 2013 | metro vancouver new home guide 17

016-017 Cvr Springside_AY-WK.indd 17

12/11/12 4:27:29 PM

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

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INSIDE THIS ISSUE

YEAR IN REVIEW: A LOOK BACK AT 2012

CANADA TO AVOID A U.S.-STYLE MELTDOWN

END OF YEAR TAX TIPS

mosaichomes.com INSIDE THIS ISSUE

SHOULD YOU WORRY ABOUT A MARKET CORRECTION?

THE 2012 CONDO MARKET IN REVIEW

STRATA FEES: A MATTER OF PERSPECTIVE

本期內容 I 公寓柏文基本知識 I 如何建立你的財富 I 溫哥華生活篇 VAN_H&CG DEC Cover 4.indd 1

Special 6 Week Issue

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Dec. 07, 2012 - Jan 18, 2013 Volume 20 Issue 25

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holiday a happy anks shes for th ‘Best wi d our sincere hip and season anloyalty, friends e year” th ur t yo ou for yk through ine Man goodwill and Lorra

NOVEMBER 2012 - JANUARY 2013 VOLUME 11 ISSUE 06

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604.466.2838 TIPS FOR BUYING A SECOND PROPERTY

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DEC 14, 2012 - JAN 11, 2013 | METRO VANCOUVER NEW HOME GUIDE 19

CLIENT: Portrait Homes Ad FILE NAME: HAMPSTEAD_NHG_Awards_Holidays.indd

DATE: Dec 6, 2012 AD SIZE: 7.25” w x 9” h PUB: New Home Guide

yearinreview

Year in review A Look Back at 2012

by Susan M Boyce As we approach the end of 2012, Metro Vancouver and Lower Mainland housing remains, if not a hot market, a hotly debated one.

Despite persistent “Chicken Little” rumours that the sky is about to fall, industry watchers are describing the close of 2012 as a market that’s “more balanced” or “returning to stability.”

Some are also pointing out that it also presents some excellent opportunities for consumers.

Mortgage rates have defied the naysayers and remained at historic lows throughout the year – the lowest, in fact, in many people’s memory. Housing starts are up, and many developers are offering outstanding incentives, ranging from decorating discounts to prepaid strata fees for a year and even a free car.

Low pressure market With the days of frenzied, sell-out launches and multiple offers on resale product now less common, the 2012 homebuyer also gained the commodity of time. “Right now, you can shop and compare more multi-family and single-family options than during any period I can remember,” says Mark Belling, president of Fifth Ave Real Estate Marketing. “If you find 12 different homes you like, you can take your time – eliminating the ones that don’t make the cut and zeroing in on those that do. So, not only do you have choice, you’ll likely end up owning the near perfect home at the lowest mortgage interest rates in the history of your life.”

By the numbers According to Canada Mortgage and Housing Corp. (CMHC), detached single-family sales dropped across every market compared to 2011, with the most significant declines in West Vancouver (48 per cent), Richmond (45 per cent), Vancouver Westside and White Rock (38 per cent each) and Burnaby (35 per cent). Langley, Abbotsford/Mission and Maple Ridge/Pitt Meadows felt the squeeze least, with Langley being the only municipality to show no change from last year.

Townhomes, which represented 17 per cent of all Metro Vancouver sales and 23 per cent of Fraser Valley sales, were a different matter. Richmond and Vancouver Westside sales were down 29 per cent, with Delta, the Tri-Cities and Maple Ridge/Pitt Meadow all declining by slightly more than 20 per cent. Surrey, Langley, the Fraser Valley and Abbotsford/ Mission showed slight gains (ranging from two to five per cent),

01

02

When you find the home of your dreams, don’t back away. Buy it now.

Mark Belling

20 metro vancouver new home guide | dec 14, 2012 - jan 11, 2013

020-021 Year in Review - New Home_AY-WK.indd 20

12/11/12 3:47:23 PM

03

04 01 One of the elegant living rooms at Bluetree Homes at Bishop Creek in Surrey.

02 A cosy, Vancouver laneway home from Lanecraft.

03 Stylish dining at Encore on Maples in Surrey by Legendary.

04 Al fresco dining at Morgan Heights by Foxridge Homes.

but the surprise winner was West Vancouver with a whopping 15-per-cent increase in townhome sales for 2012.

Buyers and sellers, however, are both keeping a watchful eye on one emerging trend in the resale market. Many sellers are now digging in their heels, choosing to take their property off the market rather than drop their asking price. Since buyers are expecting ever-deeper discounts, stalemates and standoffs are emerging.

Taxing ups and downs Spring 2012 ushered in some much-anticipated changes on the tax front. “On February 17, the provincial government finally listened to industry concerns and raised the HST rebate threshold from $525,000 to $850,000, capturing 90 per cent

of all new homes in the province,” says Peter Simpson, former president and CEO of the Greater Vancouver Home Builders’ Association. “They also raised the rebate from $26,250 to $42,500.” Four days later, BC sweetened the pot even more, announcing a first-time homebuyers bonus of up to $10,000 on newly constructed homes – a move Simpson notes was “a nice complement to the rebate threshold changes.”

However, the summer brought another round of tightened mortgage regulations, including loss of the 30-year amortization option. Once again, it was first-time buyers who felt the squeeze most acutely. For many who had scrimped to save a down payment, it meant they no longer qualified for the home they had envisioned. And while Simpson notes the Canadian Home Builders’ Association has repeatedly requested a dialogue with the federal government, there’s been no response to date.

Small is beautiful Size matters in the affordability equation. And during 2012, a new breed of compact, detached homes made some significant inroads in the marketplace. Advocates believe laneway or coach homes represent an affordable alternative to traditional forms of densification.

“When you look at any movement focused on sustainability, small is always the model used,” says Jake Fry, president of Smallworks Studio/Laneway Housing Inc. “In many ways, we’ve experienced a cultural amnesia about how much space we really need to live comfortably. When I grew up, it was very common for a family of four to live in a 1,200 or 1,400 sq. ft. house and we didn’t think anything of it.”

Thomas Frauenberger, owner of Lanecraft Lane and Coach Homes, says these homes make good financial sense for everyone involved. “Consider a laneway house that costs $300,000 to build. With a minimal down payment, current costs to finance it would probably be in the range of $1,400 per month. Depending on the area of town you’re located in, you’d likely be able to rent it out for at least $2,000, so you’re in a cash-positive position right from the start.” Plus, with some 700 permits already issued and more than 65,000 properties zoned for this housing form in Metro Vancouver alone, Frauenberger estimates it would create 130 to 140 years of business for local builders.

Don’t miss out “We live in the most beautiful and most livable region in the world,” Belling says. “That’s not just my bias but is confirmed by experts all around the world. Right now, we’re in a buyers’ market with the lowest interest rates in history, so embrace it. When you find the home of your dreams, don’t back away.

Buy it now, when you can afford to do so.”

Be sure to join us next issue for a sneak preview of what experts are predicting for 2013. dec 14, 2012 - jan 11, 2013 | metro vancouver new home guide 21

020-021 Year in Review - New Home_AY-WK.indd 21

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David Avenue & 34th 604-878-7656

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Sales Centre 618 Langside Ave. 604-939-8808

A7. Wynwood

3395 Galloway Ave. 604-942-2239

A4. Northbrook

A9. Foothills

A5. Southview

Coast Meridian Rd & Horizon St. 604-533-3491

22 metro vancouver new home guide | dec 14, 2012 - jan 11, 2013

SS PA BY L HIL

A6. Bloom

A8. Hazel

3431 Galloway Ave. 604-468-2212

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Coquitlam Burke Mt 604-464-7985

port coquitlam B1. Dominion

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HW Y

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A8

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Mundy St

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Gatensbury St

Blue Mountain St

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COQUITLAM/PORT COQUITLAM/PORT MOODY

DEC 14, 2012 - JAN 11, 2013 | METRO VANCOUVER NEW HOME GUIDE 23

showhomeoftheweek

CAPELLA

EVERYDAY ELEGANCE BROUGHT TO LIFE INSIDE POLYGON’S DELTA SHOWHOMES

by Janine Mackie

There’s a saying, “When things look simple,

you’re in the hands of a master.” Take foot inside the new showhomes at Capella in North Delta and you’re sure to agree these abodes are far from ordinary. Simple. Elegant. Dramatic.

There must be a master at work.

Divas of decor, space planning and staging, the team of designers lead by Celia Dawson, senior vice-president, interior design, at Polygon Homes Ltd., have the golden touch when it comes to imbuing their showhomes with drop-dead gorgeous styling.

“Our team is passionate and we all really put our heart and soul into it,” describes Dawson. “We want purchasers to remember something about each of our showhomes.”

24 metro vancouver new home guide | dec 14, 2012 - jan 11, 2013

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12/11/12 3:47:51 PM

* A room with a view

Capella’s 34, four-bedroom townhomes range in size from 2,088 to 2,217 sq. ft. and are priced from $519,900. This is the sixth townhome community within Polygon’s master-planned Sunstone community – a neighbourhood which boasts an incredible menu of resort-style amenities including outdoor swimming pool, fitness studio and fireside lounge, while also featuring picturesque views of the Fraser River, parks, ponds and walking paths.

Subtly inspired by Disneyland, the “happiest place on Earth,” Dawson muses how every effort was made to bring a lasting smile to visitors’ faces as they walk up the steps to the charming Arts and Crafts style homes with their pitched roofs and gables and ultimately step inside. Contemporary interiors with nine-ft. ceilings, laminate wood flooring, open living areas warmed by electric

dec 14, 2012 - jan 11, 2013 | metro vancouver new home guide 25

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fireplaces and modern kitchens complete with oversize islands, custom cabinetry and stainless steel appliances are further enhanced with a soothing colour palette, window dressings, beautiful original paintings by renowned Canadian artists, custom furniture and carefully-edited accessories.

So memorable are Polygon’s showhomes that it’s not uncommon for purchasers to want to buy the chic furnishings, the artwork and chic bedding ensembles. Showhome visitors have even been known to get under dining room chairs to steal a glimpse of the manufacturer! While Polygon won’t sell their furnishings – many of which are stored in Polygon’s furniture warehouse and repurposed for each new project, Dawson was happy to share a few tips on where her designers shop and how to bring showhome elegance into a new home.

* Define Your Style: Contemporary Traditional or Modern Farmhouse

“First things first, define your style,” says Dawson. Contemporary Traditional is the direction for the A1-showhome with designers taking off on renowned designer Barbara Barry’s iconic style of home with all-white furniture contrasted against rich dark wood. There’s upholstered dining chairs, plush sofa and a chic marble coffee table that emits an air of quiet confidence.

Dawson suggests shopping at William Switzer Furniture or Liberty in Vancouver for this decor look. The approach seems simple enough. It’s not about fashionable items, but rather about choosing understated items, quality over quantity and dressing walls with beautiful art, like the oversized Jamie Evrard “Begonia” oil on canvas painting featured in the dining room or the winter scene by Joseph Plaskett.

“Art makes a place sing, and gives it character,” says

Dawson. “Every one of our showhomes is filled with original art, which is actually very accessible to buyers with similar pieces available to buy or even rent from the Vancouver Art Gallery and local galleries like Bau-xi and Winsor Galleries. Both Dawson and Michael Audain, Polygon’s Chairman are avid collectors and look to art as a means to complete a space while also keeping people present in the room as they enjoy and appreciate its form and colour.

26 metro vancouver new home guide | dec 14, 2012 - jan 11, 2013

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“Mirrors are a great way to dress up walls, make a space feel larger and reflect the outdoors.”

Celia Dawson

* Dinner Party Success: Consider the chandelier, artwork and shape of table

Another designer tip passed on from Dawson is taking the time to choose a stunning chandelier. Not only will it bring your decor theme together, but when connected to a dimmer switch can set the right mood to a candlelight dinner. Pair art and lighting with a table that complements the space and the room becomes dinner-party ready. Here, Dawson chose a

round table as it lends itself to a big group enjoying intimate conversation, while also working well with the square shape of the room.

Those whose hearts are warmed by a Modern Farmhouse design style will be charmed by the A-plan showhome next door, a more casual family look with overstuffed sofa, antique spools resting on a rustic wooden coffee table and a country-style dining table accompanied by black traditional round-back Windsor chairs.

“There are so many stores where you can get a similar look. You just have to do a little hunting,” says Dawson. “I’d suggest Farmhouse Collections, Once a Tree, Moe’s or Country Furniture on Granville St. in Vancouver.”

Capella also showcases how walls can be a homeowner’s canvas for personal creativity. With just the right paint, wallpaper and finishing touches, a wall can help to evoke a mood, reflect who you are and transform a house into a home. There’s no limit to what people can add to their walls, but beyond artwork, the showhomes’ wow-factor is created by dressing up walls with textured wallpaper, mirrors, fauxpainting and even velvet panels to complement upholstered headboards in the master bedroom.

The adult retreat enjoys a private ensuite bathroom with an oversized soaker tub, separate shower with glass door, dual sinks, and porcelain tile underfoot. Even the kids’ rooms tell a story of personal style with their Madagascar and Avengers themes.

It’s a showhome adventure the whole family will love!

Begin your journey to an inspired living space by visiting Capella at Sunstone this week at 10595 Delsom Way in Delta.

Showhomes are open every day (except Fridays) from noon to 5 pm. Call 604.581.8144 for more information.

dec 14, 2012 - jan 11, 2013 | metro vancouver new home guide 27

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Surrey / Langley 116th Ave

d rR no ve os r G

112nd Ave

A4

104th Ave

Green Timbers Urban Forest Park

Tynehead Regional Park

Bear Creek Park

A1 A26

1a

B3 B6

A17

A18

64th Ave

A6 A19

A21

A7 61A

A10

A15 A25 A20 A13 A11

A9 A14

10

A23

A2

B4

B1

64th Ave

LANGLEY BYPAS S

60th Ave

B2

RD

176TH ST

A24

208th St

A5 72nd Ave

B7 B5

G LO VE R

A8

72nd Ave

200th St

A12

99a

192nd St

188th St

168th St

160th St

144th St

152nd St

80th Ave

128th St

112th St

120th St

80th Ave

58TH AVE

B8

88th Ave

88th Ave

A27

96 th Av e

216th St

A3

Watershed Park

Golden Ears Bridge

96th Ave

FR AS ER HW Y

A16 56TH AVE

56TH AVE KI N G

Serpentine Fen Nature Reserve

GEORGE B LVD

10

Gra de Rd

FRA SER HW Y

48th Ave

40th Ave

Surrey A1. Encore

8433 164th Street 604-716-9506

99 A9. Uptown Clayton Village

19525 73rd Ave. 778-574-0146

A17. Bella Vita

6905 - 188th St. 604-531-4483

A18. Hillcrest

A2. Sunset Grove 6520 194th St.

A10. Cambridge Park

A3. Blossom Court 9533 130 A St.

A11. La Rue

A4. Bishop Creek 15788 104 Ave.

A12. Vantage

A20. One 92

A5. Clayton Heights

A13. Clayton Rise

A21. Panorama Woods

A6. Madison

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A16. Highlands at Sullivan Ridge

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14955 60th Ave. 604-535-9633

19180 65th Ave. 604-575-2263 7830 170th St..

604-579-0247

68th Ave. & 195A St. 778-278-0030 195th & 72nd Ave. 604-575-8806 7121 192nd St. 604-574-5415

6085 - 146 St. 778-565-7768

28 metro vancouver new home guide | dec 14, 2012 - jan 11, 2013

64th Ave. & 188th St. 604-575-5569

A19. Canvas

Panorama at 142 & 64th Ave liveatcanvas.com 6685 192nd St. 604-576-1772

6123 138th Street 778-593-9954

A22. Alexa

14320 103A Ave. 604-583-2555

A23. Salix

6477 196th Street 604-530-0054

A24. Boardwalk Townhomes

7090 - 180th Street 604-506-1852

A25. The Grove 68th Ave. & 194 St. 604-533-6968

A26. Rockwood

16241 - 84th Ave 604-503-1188

A27. Enclave at Boundry Park 12775 63 Ave. 604-657-3709

Langley B1. Virtue 20187 68th Ave. 604-534-6800

B2. Nature's Walk 20966 77A Avenue 604-888-8370

B3. Yorkson South 21110 80th Ave. 778-785-1673

B4. Milner Heights: Seasons 208th & 72nd 604-539-9484

B5. Outlook 8 250 209B St.

604-888-8778

B6. Yorkville 21121 - 80 Ave. 604-630-9030

B7. Red Maple Park 7 938 - 209th St. 604-888-8699

240th St

96th Ave

232rd St

SF ras er

A22

Gl ov er Rd

104th Ave

216th St

Wa y

12 0th

St

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DEC 14, 2012 - JAN 11, 2013 | METRO VANCOUVER NEW HOME GUIDE 29

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For more pictures and to see the amazing locations 30 METRO VANCOUVER NEW HOME GUIDE | DEC 14, 2012 - JAN 11, 2013

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visit www.sunmarkdevelopments.com DEC 14, 2012 - JAN 11, 2013 | METRO VANCOUVER NEW HOME GUIDE 31

inthenews

Canada to avoid a

U.S.-style housing market meltdown in the Canadian market. In the decade leading to the type of real estate market meltdown witnessed in the U.S., crash, housing starts in the U.S. exceeded household according to a new report from CIBC World Markets. formation by nearly 80 per cent. On average, over the The report notes that while there are a number of past decade, the gap in Canada has been only 10 per factors that raise concerns about Canada’s housing cent – with most of the excess seen in cities such as market, there are fundamental differences between the Toronto and Vancouver.

Canadian and U.S. markets that should see a soft Another key difference between Canada and the landing for the real estate market here.

U.S. is in the quality of mortgages. The distribution of “To be sure, house prices in Canada will probably credit scores has not changed dramatically in the past fall in the coming year or two, but any comparison to the four years in Canada, which is different than what American market of 2006 reflects deep misunderstanding happened in the U.S. during the four years before the of the credit landscapes of the recession. Stateside, the proportion in the risky category The strong growth pre-crash environment in the rose by more than ten percentage points and accounted in indebtedness south of U.S. and today’s Canadian for 22 per cent of the overall market.

But credit score does not tell the whole story, says the border was partially market,” says CIBC Deputy Chief Economist Benjamin Tal. Tal. Among other things, many of the troubled fueled by speculative Tal notes that while the mortgages in the U.S. were sold to borrowers with activity in the housing debt-to-income ratio in Canada an acceptable credit score but who did not satisfy the market – something just broke the American record underwriting rules for prime loans because they were we’ve seen far less of in set in 2006, “this ratio is more unable or unwilling to provide full documentation the Canadian market a headline grabber than a on their mortgage applications. In 2006, these nonserious analytical tool. There is prime mortgages accounted for no less than 33 per a list of countries with comparably higher debt-to- cent of originations and close to 20 per cent of income ratios, which did not experience anything outstanding mortgages. remotely resembling the recent U.S. experience.”

Tal notes that not all is well in the Canadian Tal says we should pay more attention to the speed housing market. Home prices are overshooting their at which the debt-to-income ratio is growing. “Here the fundamentals, mainly in large cities such as Toronto picture looks a bit less alarming. Comparing the three and Vancouver and the recent slowing in sales activity years heading into the U.S. crash to the past three years will probably be followed by price adjustments in many in Canada reveals that the debt-to-income ratio in cities across the country.

Canada has been rising at half the speed seen in the “But the Canada of today is very different than a pre-crash U.S. market.” pre-recession U.S., namely as far as borrower profiles The strong growth in indebtedness south of the are concerned. Therefore, when it comes to jitters border was partially fueled by speculative activity in regarding a U.S.-type meltdown here at home, the only the housing market – something we’ve seen far less of thing we have to fear is fear itself.”

Canada will not suffer from the same

32 metro vancouver new home guide | dec 14, 2012 - jan 11, 2013

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12/11/12 3:49:06 PM

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DEC 14, 2012 - JAN 11, 2013 | METRO VANCOUVER NEW HOME GUIDE 33

Q&A 01

Love your home forever Q&A WITH LYNN HARRISON

by SUSAN M BOYCE IT’S THE QUINTESSENTIAL DREAM:

01 Lynn Harrison, principal of Harrison Marketing.

02 This kitchen by Harald Koehn Construction Ltd. has three different counter heights so it’s perfect for different generations and allows the owner’s young son to be part of the cooking from his wheelchair.

03 Easy access to the cooking space in this kitchen by Abstract Homes.

04 This four-storey duplex by Abstract Homes has stacked closets that can be converted to an elevator.

05 This sunny stairwell at Cowie Homes in Vancouver is pre-wired and structurally designed to become an interior elevator if needed in the future.

fi nding the perfect home in the perfect neighbourhood.

For many first-time buyers, homeownership perfection is defined as much by price as by features – does it fit the budget or not?

But for mature buyers who’ve seen their kids through college, experienced a successful career, and are now ready to enter a new phase in their lives, finding the ideal home typically involves more than just a budget. It’s about finding a space that will still be a delight in five years, 10 years or even 20 years.

This issue, New Home Guide chats with Lynn Harrison, owner of Harrison Marketing, about some of the considerations for buyers who want to keep living their home now and far into the future.

Q: No matter how many times we do it, buying a home is such an emotional experience that it’s easy to get caught up in the heat of the moment. What’s your top tip for someone who’s looking for a home they can stay in far into retirement – whatever their ideal retirement looks like?

A: Pause for a reality check. That means considering your lifestyle not only in terms of what’s important to you now, but what’s going to be important in the future. People often ignore the fact they’re going to feel differently in their 70s than they do in their 50s – no matter what their health is like.

Unfortunately, that oversight frequently means they end up moving more often than they need to.

02

34

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12/11/12 4:52:28 PM

Features that adapt to a changing lifestyle can be easily achieved with some pre-planning and some creative, outside-the-box thinking.

LYNN HARRISON

Q: Are downsizing and moving to a condo synonymous?

A: Not at all. Although many people do, not everyone wants to move into a condo or even a townhouse when they’re ready to sell their large, single-family home.

What they do want are features that adapt to a changing lifestyle – which can be easily achieved with some pre-planning and some creative, outside-the-box thinking.

Q: So you’re talking about the ability to age in place, a concept that’s beginning to come to the forefront of people’s awareness – especially aging Baby Boomers. Doesn’t increased accessibility mean you’re sacrificing an attractive living environment in order to stay in your home for a longer time?

A: Accessibility is important, but it’s a misconception to think accessibility equates to an institutional look. Simple steps like making sure your hallways are 36 in. wide at a minimum, having at least one walk-in shower instead of all soaker tubs or installing lever-style door handles instead of small, round knobs not only look sophisticated and contemporary, but they help all generations. Let’s face it, if your hall is wide enough for a doublewide stroller, it’s also wide enough for a wheelchair or walker.

Plus there are simple things you can do during construction – like putting extra bracing inside the walls anywhere you think you might need a grab bar or railing in the future – that you’ll never even realize are there until you need them.

Of course, you can also take proactive planning even further. For example, Sandro

Stefanucci, who owns Abstract Homes and Renovations, recently built a four-storey, frontto-back duplex with stacked closets that can be converted to an elevator in the future. The 03 entire concept was a response to seeing his parents being forced to move out of the neighbourhood they loved simply because their house didn’t work for them any longer.

Q: How are today’s active retirees and semiretirees different than earlier generations when it comes to choosing a home for the future?

A: Not so long ago, no one would have thought of moving into a more dense neighbourhood as they get older. But now, whether it’s for environmental or medical reasons, many buyers want to park their car most of the time and walk to amenities like shopping or entertainment. For them, more urban setting makes sense. It’s also often easier to make new friends when all you need to do is walk across the street to that cool coffee shop or funky boutique. Even if you choose not to go out everyday, the fact you could creates a sense of connection – a connection we sometimes lose as we age, and friends and family move away.

The other side of that question is when you see parents moving to the suburbs so they can be closer to their children and grandchildren.

But ultimately, a move is usually about lifestyle. In addition more mature buyers want the nice things they put off while they were paying for the kids to go through school.

A simple luxury like the beauty of quartz counters wasn’t practical with a young family because it would break too many dishes. Now they can have it and enjoy it.

04

05

You can contact Lynn Harrison at harrisonmarketing.ca DEC 14, 2012 - JAN 11, 2013 | METRO VANCOUVER NEW HOME GUIDE 35

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12/11/12 4:52:30 PM

surrey/langley

36 metro vancouver new home guide | dec 14, 2012 - jan 11, 2013

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DEC 14, 2012 - JAN 11, 2013 | METRO VANCOUVER NEW HOME GUIDE 41

gettingyourfinancesinorder

Canadians resolve to better manage their finances in 2013: RBC Canadian Consumer Outlook Heading into 2013, more (37 per cent)

Canadian consumers feel their personal financial situation will improve than they did at this same time last year (32 per cent) and they are taking steps to be in better financial shape, according to the quarterly RBC Canadian Consumer Outlook.

Looking ahead, one-in-three Canadians (31 per cent) are planning to focus on reducing their debt, 26 per cent on spending less, 25 per cent on saving

or investing more, and another 20 per cent intend to take all of these actions in 2013. Canadians are also sending out a strong signal that less money will be going toward major purchases in 2013, with 44 per cent reporting they will spend less on big ticket items such as cars, household appliances or vacations. This is consistent with findings released earlier this month that Canadians intend to be more frugal this holiday season and that managing their

42 metro vancouver new home guide | dec 14, 2012 - jan 11, 2013

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12/11/12 3:49:27 PM

debt is a key priority.

“Canadians may believe brighter days are ahead because they are making resolutions to better manage their finances by reducing debt and curbing spending not because of their outlook on the Canadian economy,” says Richard Goyder, vice-president of personal lending, RBC. “While new Year’s resolutions may start with great intentions and fizzle out later in the year, setting out a plan to reduce your debt, keep it under control and save more for that rainy day will help keep you on track.”

The most recent economic and Fiscal update issued by the federal government in november estimated that Canada’s real GdP will grow by two per cent in 2013. RBC economics is currently forecasting the Canadian economy will grow by 2.4 per cent in 2013.

“The Canadian economy has been growing at a rate close to its long-run potential,” says Craig Wright, senior vice-president and chief economist, RBC. “However, we will have a sharper picture of Canada’s future growth prospects when the us addresses the fiscal cliff and european policy makers can move the eurozone out of recession and address fiscal and financial market imbalances.”

TOP 10 FINANCIAL TUNE-UP TIPS FOR 2013

» reduce your debt: if you are among the 31 per cent of Canadians who plan to focus on reducing debt next year, you can start off by paying down debts which have the highest interest charges first. » consolidate your debt: To make all your debts easier to manage and pay down, talk to a financial advisor about consolidating your debts.

Combining multiple payments into one loan can help make it easier to manage your debt and you may even reduce your interest costs and be able to pay down your debt sooner.

beginning of a new year is a good time to do a budget review. You can get in-person budgeting advice any time of the year from a financial planner at your local bank branch; there are also online resources to help you get started. » make your credit card work for you: Credit cards can help you keep track of your expenses and also earn valuable rewards more quickly, but whenever you use your credit cards, do so wisely – pay off your full balance before the due date each month. » Have an emergency fund: unexpected expenses can catch you off-guard throughout the year. an emergency fund can help you take care of unplanned costs without straining your budget. » compare loans to lines of credit: if you are planning a major expense in the new year (buying a car, renovating your home, investing in your RRsP), explore whether a loan or a line of credit will work best to help you manage that expense. » about to buy a home? get pre-approved for a mortgage: To get a better idea of your price range before you buy your first home, apply for a pre-approved for a mortgage, with professional advice that will help you understand the long term costs and choose the right mortgage option to suit your needs. » review your investments: The start of any new year is a good time to review the mix of assets in your investment portfolio and to recheck your risk profile, to see if you need to make any adjustments.

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

» Use all your income tax deductions: Remember to pay all tuition fees, investment management fees, accounting and legal fees » Budget for the year ahead: Having your if deductible, safe deposit box fees, childcare own budget allows you to manage your ex- expenses, alimony, medical expenses and penses, pay down debts and save for future any business expenses by dec. 31 of the goals. if you don’t have a budget, set one up year, if you want to deduct them on that for the new year; if you already have one, the year’s tax return. dec 14, 2012 - jan 11, 2013 | metro vancouver new home guide 43

042-043 Finances RBC Consumer outlook_AY-WK.indd 43

12/11/12 3:49:29 PM

IT’S NOT TOO LATE TO...

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DEC 14, 2012 - JAN 11, 2013 | METRO VANCOUVER NEW HOME GUIDE 45

Green space for all.

The Grove is a welcome addition to an already vibrant, established enclave in Clayton Heights — 141 spacious parkhomes nested around a forested inner courtyard, flanked on three sides by greenways and gorgeous public parks.

Families of all sizes will appreciate this community for years to come, thanks to its intelligent design, single-family feel, extraordinary amenities and easy walkability.

Don’t forget about the generous Clubhouse space — all 9,100 square feet!*

2, 3 & 4 bedroom parkhomes coming soon

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Consumer Protection for Homebuyers Buying or building your own home? Find out about your rights, obligations and information that can help you make a more informed purchasing decision.

Visit the B.C. government’s Homeowner Protection Office (HPO) website for free consumer information.

Services

• New Homes Registry – find out if any home registered with the HPO: • can be legally offered for sale • has a policy of home warranty insurance • is built by a Licensed Residential Builder or an owner builder • Registry of Licensed Residential Builders

Resources

• Residential Construction Performance Guide – know when to file a home warranty insurance claim • Buying a Home in British Columbia Guide • Guide to Home Warranty Insurance in British Columbia • Maintenance Matters bulletins and videos • Subscribe to consumer protection publications

www.hpo.bc.ca

Toll-free: 1-800-407-7757 Email: hpo@hpo.bc.ca

dec 14, 2012 - jan 11, 2013 | metro vancouver new home guide 47

gettingyourfinancesinorder

an income allocation, you’ll realize a capital gain or loss. » Make certain payments before the end of the year to realize tax savings: some medical expenses; fitness costs and registration fees for artistic, cultural, recreational or development activities for your children under 16 (under 18 for disabled children); public transit costs; investment costs (safety deposit box rental, interest and brokers’ fees); moving costs; tuition fees and interest on student loans; and charitable and political donations. » With current interest rates at very low levels, you might want to consider loaning funds to a spouse or common-law partner who is in a lower marginal tax bracket than yourself.

Your spouse can invest the loan proceeds and include any income/capital gains as their own, provided you are paid interest on the loan at the prescribed rate in effect at the time the loan is made. Work with a tax planning professional to understand the rules. » Most people must make their 2012 RRSP contribution by March 1, 2013, but you can delay your RRSP contribution if you expect to be in a higher tax bracket in the near future, or you can make the contribution but delay claiming the amount. » You may also be able to make contributions to a Registered Education Savings Plan, Registered Disability Savings Plan and Nobody likes to pay too much tax, but a bit a Tax-Free Savings Account. There is no tax on the income earned of planning can reduce your tax liability. in an RESP or RDSP until the amounts are withdrawn, and any “It’s not too late to change what will go on your 2012 tax income earned in a TFSA is never taxed. return when this season rolls around,” says Gary Dent of You can start to collect CPP benefits beginning as early as the accounting firm Grant Thornton. age 60 and as late as age 70, but you no longer have to be retired to begin receiving payments. If you are between 60 and 65 years Dent recommends talking to your accountant of age and have not yet retired, you need to decide if you want to about these last-minute tax planning tips: start collecting benefits. » If you have a capital gain in 2012 (or in any of the last » The government imposes a “clawback” on your Old Age Secuthree years), talk to your accountant about selling invest- rity payments if your net income for 2012 exceeds $69,562. If ments with accrued losses before the end of the year. If you have the ability to manage the amount of income you receive your spouse has realized a capital gain and you have an in a year, keep this threshold in mind. unrealized loss (or vice-versa), there are ways to transfer » In general, charitable donations over $200 result in tax savings the loss to the spouse with the gain. at the highest marginal tax rate. » Since most mutual funds distribute income and capital gains once a year around mid-December, deferring the pur- While these tips aren’t a substitute for the recommendations of chase until January will mean that you won’t have to report your tax adviser, and individual circumstances vary, the ideas can any income for 2012. If you’re planning to sell, consider help begin the conversation with your accountant. More informadoing it before the distribution date so instead of reporting tion and guidance is available online at grantthornton.ca NC

End-of-year

tax tips

48 metro vancouver new home guide | dec 14, 2012 - jan 11, 2013

048 Finances-end of year tax tips_AY-WK.indd 48

12/11/12 3:49:32 PM

SURREY/LANGLEY

Honest Living Now Selling 2, 3, & 4 bedroom townhomes available Priced from

$294,900 including Net HST

Sales Centre open daily 1pm-5pm (except Friday’s)

Showhome #17-20187 68th Ave, Langley 604.534.6800 Register at www.virtueliving.com Sales & Marketing by Suniel Dardi

Royal LePage Northstar Realty

FINAL PHASE NOW SELLING! 211th Street & 80th Avenue in Langley | Open Sat-Wed, 1-5pm till Dec 16th | Dec 17th to Jan 4th, open by appointment DEC 14, 2012 - JAN 11, 2013 | METRO VANCOUVER NEW HOME GUIDE 49

184th St

176TH ST

168th St

152nd St

WY

Serpentine Fen Nature Reserve

South Surrey / White Rock d tR cen s e Cr

40th Ave

99a

99

32nd Ave

Crescent Beach / Blackie Spit

3

5 10 9

4

Ma rine Dr

15

10th Ave 8th Ave

8th Ave 1

South Surrey / White Rock

CANADA 1. Summerfield 5. Blu UNITED OF AMERICA

172nd St & 2ndSTATES Ave

15988 32 Ave 604-536-1155

2. Toccata 2929 - 156 Street 604-535-5088

3. Wills Creek

16228 16th Ave 604-542-1616

2845 156th St. 778-545-8737

10. Niche

7. Abbey Road

11. Breeze

604-568-8830 24th & 164th 604-542-0660

160th & 32nd Ave 604-542-8971

4. Pier 16

604-782-5258

9. The Heights

6. Belcroft 15977 26 Ave

3039 156th St. 604-535-5511 #5 16223 - 23rd Ave. 604-582-1113

8. Morgan Heights 16091 - 28 Ave.

604-560-1053

Come find your Niche 3 Bedroom homes from $369,900, including tax* Introducing Niche, and intimate community of South Surrey townhomes ranging from two to four bedrooms, surrounded by nature. Register Now • Liveatniche.ca • 604 535 5511 3039 156th STreet • SOuth Surrey • WBHOMES.CA

50 metro vancouver new home guide | dec 14, 2012 - jan 11, 2013

184th St

16th Ave

176TH ST

152nd St

140th St

148th St

Y

128th St

W

16th Ave

H GE OR GE

16th Ave

24th Ave

11

G KIN

20th Ave

7

24th Ave

South Surrey Athletic Park

26th Ave

168th St

24th Ave

8

6

164th St

Sunnyside Acres Urban Forest Park

2

160th St

Crescent Park

SOUTH SURREY/WHITE ROCK

Visit Our New Fully Furnished Show Home

24th Avenue & 164th Street, South Surrey | Open Daily Noon - 5 PM except Fridays

abbeyroadliving.com

Our new fully furnished show home and amenity building are complete.

So come and discover why Abbey Road’s traditional style and contemporary elegance is redefining townhome living in South Surrey. With a world of shopping, dining and recreation surrounding you, a private park like setting right on your doorstep, Abbey Road is a community within a community that brings every convenience and amenity home.

2, 3 & 4 Bedroom Georgian Townhomes from the mid $300,000’s

Abbey Road is developed in joint venture by Woodbridge Homes and Park Ridge Homes. The developer reserves the right to make modifications and changes to the information contained herein without notice.

WOODBRIDGE HOMES

L T D.

Park Ridge Homes

DEC 14, 2012 - JAN 11, 2013 | METRO VANCOUVER NEW HOME GUIDE 51

METRO VANCOUVER EDITION | FREE

NOVEMBER 2012 - JANUARY 2013 VOLUME 11 ISSUE 06

YANIC SIMARD’S

NYC HOME AWAY

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

604.519.6080

FROM HOME

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

DRESS UP YOUR HOME FOR THE

HOLIDAYS

NOV-JAN ISSUE on stands now!

SOUTH SURREY/WHITE ROCK PRE-CHRISTMAS SPECIAL ON NOW! PRICED FROM $347,000

39 Hilltop Townhomes Located in the heart of Grandview Heights | Open Daily 1-5pm 778.545.8737 | www.lakewood.ca/the heights

BY LAKEWOOD

NEW RELEASE – TWO BED + DEN HOMES PRICED FROM $319,900* Discover a new benchmark in West Coast urban living. A vibrant townhome community, located just steps away from world class shopping and amenities in South Surrey. New release also includes signature corner homes. Receive up to $10,000* in free options for a limited time!

VISIT US AT OUR NEW PRESENTATION CENTRE: #15-16223 23A AVENUE, SURREY | 604.582.1113 VISIT ADERA.COM CHECK US OUT ON TWITTER AND FACEBOOK *LIMITATIONS APPLY. THIS IS NOT AN OFFERING FOR SALE. SALES BY DISCLOSURE STATEMENT ONLY. E&OE. BREEZE ADERA PROJECTS LTD. ADERA REALTY CORP. 2200 – 1055 DUNSMUIR ST., VANCOUVER V7X 1K8 | 604.684.8277

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

fundamentallyspeaking

Long-term view of your new-home buy PRODUCES A BRIGHTER PICTURE

WAYNE KARL is an award-winning writer and editor with experience in real estate and business.

In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property. He can be reached at wayne.karl@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl

by WAYNE KARL

Remember, when you buy a home, you don’t buy a national market.

IT’S MID-DECEMBER, THE HOLIDAY SEASON

approaches and we’re nearing the end of 2012. It’s a natural check-point to assess how Canada’s economy, industries, real estate market and other sectors have performed this year, and what may lie ahead in 2013. Various housing agencies, realty fi rms, major banks and other stakeholders continue to release reports, reviews and forecasts of the months passed and those about to unfold.

Meanwhile, there’s interest rates and prices of consumer goods to monitor, some sectors face challenging conditions and there’s still some concern about overall Canadian and global economic performance.

How to make sense of it all?

Welcome to the first steps of becoming a homebuyer. Long before you visit your banker or start attending grand openings, model previews or open houses, experts say you should undertake a thorough self-education process that involves learning the basics of mortgages, reviewing your personal finances and researching your prospective home

market. It’s time well spent, for all of this due diligence will prepare you for one of the most important steps you’ll ever take, and will help you make the necessary decisions from an informed and confident point of view.

Managing this process also includes keeping abreast of financial news, as well as any developments in your job security and credit-worthiness, and in the neighbourhood you’re considering buying in.

Remember, when you buy a home, you don’t buy a national market. You don’t even buy a provincial, regional or even metropolitan one. You buy one property on one street in a particular area of a city or town. What happens in one neighbourhood may be completely different from what’s going on in another in the same city, or from one street to the next, and certainly from house to house.

What’s challenging to one market might be a cause for growth in another.

That’s why it’s important to not be overly concerned or excited by national trends and averages – be they positive or negative, disconcerting or glowing, about employment, home prices, housing starts or other important factors. Yes, pay attention to them all and file them as part of your research, but it’s more relevant to watch local developments that truly affect you and your market.

Experts suggest you take a long-term view – five to seven years – of your home-buying decision. This will likely produce a brighter and more stable picture than anything caused by short-term vacillations.

54 METRO VANCOUVER NEW HOME GUIDE | DEC 14, 2012 - JAN 11, 2013

054 FS Long-term view_JY_AY-WK.indd 54

12/11/12 3:49:40 PM

UP

0 0 0 GS

TO

, IN 0 3 AV

$ IN S

$369,900

onthehorizon

Canvas 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 susan@ suntrackercafe.com, and we’ll do our best to get you in the next edition.

Coming to Surrey’s Panorama neighbourhood, this collection of 77 three-bedroom townhomes offers plenty of room for growing families. Three-bedroom townhomes from the mid $300,000s and all providing well over 1,400 sq. ft. of contemporary living space.

Bonus: In addition to easy access to shops, restaurants and other services, Canvas’ location at 142nd St. and 64th Ave. means you’re Britton directly across the street from an elemen- SOUTH BURNABY TOWNHOMES tary school.

Update. Britton will offer 44 townhomes For more information and to priority- located just off Kingsway and Edmonds – register, visit liveatcanvas.com meaning this is one convenient location. Easy access to SkyTrain, HighGate and recreation.

Kendra Traditional architecture with spacious, conSURREY TOWNHOMES temporary three-bedroom floorplans.

Coming soon to Surrey’s Sullivan Station Priority-registration underway at neighbourhood, this collection of 38 elegant- brittonliving.com ly designed townhomes feature family-oriented, three-bedroom plans including some Six Pack of Trios with flex-room and side-by-side garage. Open NORTH VANCOUVER balconies and patios for enjoying outdoor This one’s a little different than usual. Six living. Priced from the mid-$300,000s, builders, each offering three homes: one Kendra homes offer approximately 1,500 sq. duplex and a coach house. Although all ft. of space as well as excellent proximity to builders are independent, architectural shopping, schools, and recreation. guidelines give a sense of cohesion to this For more information and to priority- mini-community. Good finishing specs, the register, visit liveatkendra.com. Showhome ambience of a central courtyard, and a great anticipated to open in spring 2013. location near shopping and restaurants.

Check them out in the 1400 block of Westside Heritage Bewicke Ave. (just north of Marine Dr.) in VANCOUVER TOWNHOMES North Vancouver.

This heritage restoration project has transformed an older single-family home into four, Gingerbread Lane deluxe townhomes. Open floor plans with DOWNTOWN VANCOUVER granite and Caesarstone countertops, in-floor Looking for something truly different, truly radiant heat, surround sound, built-in secu- unique in home design? Be sure to check out rity system and expansive decks with gas the lobby at Vancouver’s Hyatt Regency. Yes, barbecue built-in and ready for summer. here’s where you’ll find the annual Gingerbread Much of the original stained glass was re- House competition, a collection of whimsical stored and incorporated into the now double- gingerbread houses sure to make you smile glazed windows. with their sheer imagination and creativity.

Homes are located in the 1900 block of Vote for your favourite and help support the 12th Ave. on the north side. Three two-bed- Make a Wish Foundation with a donation. room and one one-bedroom homes available. You’ll even get a peek into Santa’s bakery thanks Priced from $575,000. to the creative folks at VCC who were, once Open Sundays 2 to 4 p.m. or by appoint- again, awarded first prize in the professional ment anytime. For more information visit category for their whimsical entry. ghstreetrealestate.com or call 604.306.5658.

Display open until Jan. 1, 2013.

56 METRO VANCOUVER NEW HOME GUIDE | DEC 14, 2012 - JAN 11, 2013

056 On the Horizon Dec 14_AY-WK.indd 56

12/11/12 3:49:44 PM

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

57

057-058-059 Homebuyers Resource-AY.indd 57

12/11/12 3:49:49 PM

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

Calculate the combined monthly before-tax income of you and your spouse.

02

Divide by three. This figure is the monthly payment you can afford to make on your home.

03

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 first-time buyers take the 25-year amortization.)

05 06

Multiply this figure by the amount you need to borrow. Divide by 1,000.

Add to this your estimated monthly heating costs and monthly property taxes.

07

If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream home.

Bear in mind that this is a rough estimate.

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

58 METRO VANCOUVER NEW HOME GUIDE | DEC 14, 2012 - JAN 11, 2013

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12/11/12 3:49:52 PM

MORTGAGE PAYMENT calculatIon chart % INTEREST RATES

amortIZatIon PerIods 10 YEARS

15 YEARS

20 YEARS

25 YEARS

3.00%

9.65

6.90

5.54

4.73

3.25%

9.76

7.02

5.66

4.86

3.50%

9.88

7.14

5.79

4.99

3.75%

9.99

7.26

5.91

5.13

4.00%

10.11

7.38

6.04

5.26

4.25%

10.23

7.50

6.17

5.40

4.50%

10.34

7.63

6.30

5.53

4.75%

10.46

7.75

6.44

5.67

5.00%

10.58

7.88

6.57

5.82

5.25%

10.70

8.01

6.74

5.96

5.50%

10.82

8.14

6.85

6.10

5.75%

10.94

8.27

6.98

6.25

6.00%

11.07

8.40

7.12

6.40

6.25%

11.19

8.53

7.26

6.55

6.50%

11.31

8.66

7.41

6.70

6.75%

11.43

8.80

7.55

6.85

7.00%

11.56

8.93

7.69

7.00

7.25%

11.68

9.07

7.84

7.16

7.50%

11.81

9.21

7.99

7.32

7.75%

11.94

9.34

8.14

7.47

8.00%

12.06

9.48

8.28

7.63

8.25%

12.19

9.62

8.44

7.79

8.50%

12.32

9.76

8.59

7.95

8.75%

12.45

9.90

8.74

8.12

9.00%

12.58

10.05

8.86

8.28

9.25%

12.71

10.19

9.05

8.45

9.50%

12.84

10.33

9.20

8.62

9.75%

12.97

10.48

9.36

8.78

10.00%

13.10

10.63

9.52

8.95

10.25%

13.24

10.77

9.68

9.12

10.50%

13.37

10.92

9.84

9.29

10.75%

13.50

11.06

10.00

9.46

11.00%

13.64

11.22

10.16

9.63

11.25%

13.77

11.36

10.32

9.80

11.50%

13.91

11.52

10.49

9.97

11.75%

14.04

11.66

10.65

10.15

12.00%

14.18

11.82

10.81

10.32

12.25%

14.32

11.97

10.98

10.49

12.50%

14.46

12.13

11.15

10.67

12.75%

14.59

12.28

11.31

10.85

This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $300,000 mortgage with a 25-year amortization period at 5% is as follows: ($300,000 รท 1,000) X 5.82 = $1,746 DEC 14, 2012 - JAN 11, 2013 | METRO VANCOUVER NEW HOME GUIDE 59

057-058-059 Homebuyers Resource-AY.indd 59

12/11/12 3:49:52 PM

BRITISH COLUMBIA’S NEW HOME DEVELOPMENTS PROjECT

ABBOTSFORD Abacus Uptown Auguston Argyle Brooklyn Cedar Landing Creekside on Downes Eagle Estates Eagles Gate Falcon Ridge Foxwood Lift Luna Mahogany at Mill Lake Pepin Brook Waterleaf Westerleigh BURNABY Affinity Altitude Aviara Casa d’oro Cassia Edne at Edmonds Firma Highland House Kabana Lift Madison Met, The Met, The Metro One Metro Two Metro Metroplace Moda Montage North Parc OakTerra Panacasa Parkside Greene Reflections Sevens, The Silver Sixth Street Villas Solo District Trio Vantage Venice Vibe Westridge Living CHILLIWACK / SARDIS Ameera Englewood Village Garrison Crossing Heron’s Landing Jinkerson Vistas La Cason Ranchero Estates Summit Residences, The Solara Townsend Terrace COQUITLAM 1123 Westwood Amberleigh Austin Birchwood Estates at the Foothills

TYPE

LR SF TH LR TH SF SF SF SF SF LR TH HR SF LR TH

C O N TA C T

PRICE

PROjECT

604-854-1201 604-308-8660 604-557-5959 604-746-3496 604-533-3491 604-850-4518 604-217-0455 604-309-7729 604-309-0540 604-850-5040 604-557-1047 778-895-5862 604-746-1551 604-856-1118 604-850-3694 604-607-7801

Call From $559,000 Call From $169,900 From $289,000 From $579,900 From $829,000 incl. HST From $373,500 From $789,000 From $524,900 incl. HST From $98,600 From $289,900 incl. HST Call From $549,900 From $179,000 From $269,900

604-453-5893 604-456-8883 604-291-9130 604-436-1100 604-568-8270 604-329-8228 604-205-7127 604-941-4663 604-288-7394 604-320-3386 liveatburnabyheights.com 604-899-8800 604-899-8800 604-435-9477 604-435-9477 604-435-5565 604-435-8866 604-871-4256 liveatburnabyheights.com 604-889-7008 604-431-6033 604-437-0100 604-435-7088 604-525-8496 778-378-7777 604-435-8866 604-727-8707 604-298-8800 604-218-3338 604-294-3339 veniceliving.ca 604-970-9606 778-995-9198

Call From Mid $200’s Call From $499,900 From $379,900 Coming Soon Call From $209,900 Coming Soon Call Coming Soon From $297,900 From $749,900 Call Call Call Call From $335,900 Coming Soon From $274,900 Call From $239,900 From $299,900 Call From $299,000 From $300’s From $429,000 From $249,900 From $249,900 Call Coming Soon From $259,900 From $437,900

SF LR TH SF SF TH

1-888-419-7425 1-888-827-8823 604-824-5062 604-858-7179 1-877-858-2408 1-800-830-7175 1-800-795-2955 604-824-6473 604-702-0818 1-800-830-7175

From $125,900 From $209,900 Call From $269,900 From $399,900 net HST incl.

From $184,900 From $239,900 From $508,000 incl. HST Call From $242,900

HR SF HR SF

604-472-1123 604-514-4359 604-931-0302 604-461-7777

Call Coming Soon From low $200’s Call

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

Penthouse (PH)

Real Estate Sales & Marketing From the ground up

Live Work (LW)

City Home (CH)

TYPE

Bloom Breeze Residences Burke Mountain Heights Carte Blanche Cascade Cedar Creek Celadon Citadel Heights Creekstone Trail Easton Emerson Evergreen Farrington Park Grand Central 1 Grand Central 2 Grand Central 3 Hazel Kingston MThree Maya Mackin Park Meridian Heights Northbrook Oasis Riley Secret Ridge Solo David Somerton Southview at Burke Mountain Sterling Tamarack Thomas House Wynwood

C O N TA C T

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

604-939-8808 604-374-4329 778-285-6299 604-461-7777 604-472-0009 604-880-1880 604-552-7744 604-468-2169 778-898-0435 604-936-2012 604-936-9300 604-942-2672 604-464-7985 604-618-8980 604-936-1888 604-936-1888 778-829-1500 604-514-4359 604-472-9555 604-288-9888 604-939-8874 604-533-3491 604-464-4155 604-464-2701 604-468-7688 secretridge.ca 604-878-7656 604-469-8581 604-533-3491 604-464-2260 604-552-3003 604-552-1113 604-942-2239

$272,900 From $399,900 From High $700’s Call Call From $419,900 Coming Soon From $699,000 Call From Low $200’s Call Call From $379,900 From $419,900 From $384,900 From $299,900 From $220,500 incl. HST Coming Soon Call Call From $199,900 Call From $359,900 Call From $349,900 Coming Soon Call From $699,900 incl. HST From $778,582 From $689,900 Coming Soon From $299,900 From $349,900

TH SF

604-946-8000 604-946-1688

Call From $739,900

DELTA LADNER Manor Gardens Marina Garden Estates NORTH DELTA Capella Luxor South Pointe TSAWWASSEN Tsawwassen Heights Tsawwassen Springs

TH LR SF

604-581-8144 604-590-8003 604-584-2908

From $519,900 From $199,900 From $699,900 incl. HST

SF SF/LR

604-271-7288 604-948-HOME

Call Call

LANGLEY Ascot Athenry Gate Bearing Pointe Cornerstone Elements Flat Iron Focus Hart Milner Heights Seasons Murray’s Walk Nature’s Walk Outlook Red Maple Park Serenade Shaughnessy Mews Suede Varsity Village at Bedford Landing Virtue York Yorkson Creek Yorkson South

SF LR LR LR LR LW TH/LR TH SF SF LR TH TH TH LR TH LR LR LR TH TH LR SF

604-571-6400 604-882-8857 604-530-7011 604-534-6000 604-533-7718 604-888-2793 604-568-3385 604-568-3385 604-539-9484 604-539-9484 604-510-6500 604-888-8370 604-888-8778 604-888-8699 604-635-0643 604-888-4044 604-514-1530 604-539-2200 604-888-2793 604-534-6000 604-568-3385 yorksoncreek.com 778-785-1673

From Low $600’s From $137,500 From $194,900 From $169,900 From $159,900 net HST incl.

Call Coming Soon Coming Soon Call From $599,900 Call Call Call From $289,900 From $309,900 Call From $174,900 From $139,900 From $244,900 From $294,900 From $299,900 From $179,900 From $440,000

High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

Loft (LO)

Representing the best in New Home Sales across the Lower Mainland from Townhomes to Condos.

Homes starting in the $150’s

FIFTHAVE.CA 60 METRO VANCOUVER NEW HOME GUIDE | dec 14, 2012 - jan 11, 2013

PRICE

evelopments

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

T Y P E contact

P ric E

P ro j e c t T Y P E co n ta c t

MAPLE RIDGE 223 North LR 604-463-0588 From $139,900 Cottonwood Ridge TH 604-351-3261 Call Falcon Centre LR 604-477-1500 Call Forest Hills SF 604-575-5262 Call Hampstead at Silver Ridge SF 604-466-9278 From $459,900 Kanaka Creek TH 604-476-1188 From $329,900 Mainstone Creek SF 604-463-5000 Call Maple Creek TH 604-908-2352 From $469,900 Parc Vue LR 604-467-8884 Coming Soon Pointe, The SF 604-999-2452 From $489,900 Spencer’s Green SF 778-237-5713 Call Springside SF 604-465-6886 From $389,900 Trails Edge TH 604-805-4669 From $459,900 MISSION / HARRISON Fraser Landing TH 1-888-826-1177 Horizons TH 1-888-826-1177

From $249,900 From $319,800

NEW WESTMINSTER Alexander Walk TH 604-779-1292 From $349,900 Brewery District LR 604-694-1188 Coming Soon Carlyle at Victoria Hill HR 604-523-0733 Call Dominion HR ledmac.com/dominion Coming Soon Elliot St HR 604-524-8080 From $159,900 English Mews TH 604-517-1688 From $329,900 Flow TH 604-520-9880 $508,900 net HST incl.

Grove, The LR 604-523-0733 Call Marinus @ Plaza 88 HR 604-519-9188 Call Northbank HR 604-523-0081 From S261,900 Parkside HR 604-523-0733 Call Red Boat at Port Royal SF 604-520-9890 From $536,900 Red Boat at Port Royal DP 604-520-9890 From $457,900 Regatta at Port Royal LR 604-520-9890 From $390,900 Shift LR 778-397-2283 From Low $200’s Thompson Landing SF 604-520-3226 From $476,900 Viceroy HR 604-522-2583 From $289,900 NORTH VANCOUVER 700 Marine Drive LR/LW 604-984-0700 Atrium at the Pier MR/TH 604-983-9065 Capstone MR 604-929-8870 Destiny 2 at Raven Woods LR 604-929-1915 Drive, The LR 604-986-8138 Kimpton, The LR 604-988-3020 Landing, The MR 604-983-9065 Latitudes TH 604-435-9477 Local on Lonsdale HR/LR/TH 604-998-0219 Orizon LR 604-638-6240 Pinnacle Residences at the Pier MR 604-983-9065 Prescott HR 604-969-3333 Remix LR 604-924-8885 Versatile Building, The HR 604-924-5595

From $299,000 Call Call From $289,900 Call From $359,900 Call From $469,900 From $309,900 Call Call From S248,900 Call From Low $300’s

PITT MEADOWS Cedar Downs LR 778-846-3200 From $194,900 Liv42 LR 604.460.6601 From $134,900 Solaris at Meadows Gate HR 604-460-8998 Call PORT COQUITLAM Avanti LR 604-468-2707 Burleigh Walk LR 604-464-5856 Carmandy LR 604-435-9477 Dominion TH 604-469-8988 Residences on Shaughnessy LR 604-468-0010 Shaughnessy, The HR 604-468-8252 South Verde LR 604-468-8640 Valorie on the Park LR 604-464-4764

From $215,800 From Low $200’s From $209,900 Call From $199,900 Call Call From $175,000

PORT MOODY Residences, The HR 604-552-0552 Call Station, The TH thestationliving.ca Call Penthouse (PH)

Live Work (LW)

City Home (CH)

P r i cE

RICHMOND Alexandra Gate TH 604-283-2104 $388,800 Altis HR 604-231-0588 From $298,800 Bravo HR 778-297-6222 From $298,800 Camber LR/HR 604-276-0677 Call Cambridge Park LR 778-297-7511 From $259,900 Centro HR/TH 604-270-8305 From $389,900 Concord Gardens HR 604-233-7748 Coming Soon Currents TH 604-274-7326 Call Emerald HR/TH 604-244-8333 From $288,000 Empire Living TH 604-244-9622 Call Gardens, The LR 604-271-3331 From $241,800 Hamilton Station TH 604-274-7326 From $359,900 Karat TH 604-725-1250 Call La Villa TH 604-377-3068 Call Mandarin MR 604-233-1687 From $299,900 Mayfair Place LR 604-278-5809 From $319,900 Mezzo TH 604-725-1250 Call Mohali TH 604-377-2051 From $438,000 incl GST Monet HR 604-233-7748 From $288,900 Nova HR 604-278-8883 From $299,900 Omega LR 604-233-7748 From $279,900 Opal at Richmond Centre HR 604-303-7575 From $464,900 Ora HR 604-278-8838 Call Orchard LR 604-303-8819 From $259,900 Orchid Lane TH 604-307-0400 From $399,900 LR/TH Parc Riviera 604-231-5900 From $200’s Parc Riviera TH 604-231-5900 From $400’s Remy LR 604-279-8866 From $211,900 Quintet HR 604-247-8885 Call Riva LR 604-278-8838 Call River Green MR/TH 604-233-2633 Call River Inlet MR/TH 604-233-2633 Call River Park Place HR riverparkplaceliving.ca From $299,900 Rosedale Gardens TH 604-961-6919 Call Saffron LR 604-270-2482 Call Sonalta Residences TH 778-990-6688 From $628,000 South Arm Garden TH 604-998-4526 From $498,800 Southpointe Cove TH 604-273-2828 Call Westminster Terrace TH 604-204-1077 Call SUNSHINE COAST Viewpoint Residences LR 1-888-385-3295 Wakefield Beach SF 1-888-741-9899 Waterfront @ Porpoise Bay TH 1-888-361-5500

From $199,900 Call Call

SQUAMISH / WHISTLER Elaho TH 604-898-2232 Ocean Crest SF 604-896-2235 Ravens Plateau SF 1-888-852-7575 Aqua TH/LR 1-877-344-5566 Streams at Eaglewind TH 1-877-892-5888 University Heights LR 1-888-852-7575

Coming Soon From $1,298,000 Call From $239,000 From $405,000 Call

SURREY Alexa Altura Ascend Bishop Creek Blossom Court Boardwalk Brookland, The Cambridge Park Canvas Citypoint Connect Edge Edgewood Enclave at Boundry Park Encore at Maple on 164th

From $436,900 incl. net HST From $329,900 From $170’s From $339,900 From $339,900 net HST incl.

From $339,900 incl. net HST $169,900 From $279,900 Coming Soon $186,900 From $118,800 Call From $344,900 From $349,900 Call

High Rise (HR)

Mid Rise (MR)

TH TH LR TH TH TH LR TH TH HR LR LR TH TH TH

Low Rise (LR)

604-583-2555 778-578-5275 604-596-2202 604-588-0005 778-395-4109 604.506.1852 604-395-3080 604-535-9633 liveatcanvas.com 604-580-4199 778-395-1886 778-395-7704 604-644-7811 604-657-3709 604-716-9506

Loft (LO)

dec 14, 2012 - jan 11, 2013 | metro vancouver new home guide 61

P ro j ect

English Mews Ethical Gardens Fusion G3 Residences Guildford Greens Highlands at Sullivan Ridge Latis Latitude Links, The Lumina Madison Monterosso Oliver’s Lane Panorama Station Panorama West Village Panorama Woods Park Avenue Park Place Quattro 3 Redleaf Crescent Rockwood Sequoia Teo Hyland Residences Ultra at Urban Village Vantage Verve Walks, The Wave CLOVERDALE Allegro Clayton Heights Clayton Rise Ebbens Crossing Grove, The Grove at Cambridge, The Highgrove at Provinceton Hillcrest La Rue One92 Sun 72 Salix Sunset Grove Uptown Clayton Village Waterstone

T Y P E contact

P ric E

P ro j ect

TH 604-517-1688 From $329,900 LR 604-584-1172 From $235,900 TH 778-578-9779 Coming Soon HR 604-453-6688 Call TH 604-307-0400 From $349,900 SF 778-565-7768 From $669,900 incl. HST LR 604-575-0669 From $194,900 LR 604-596-5075 From $264,900 SF 778-574-2550 From High $600’s LR 604-760-7672 From $249,900 inc. net HST TH 604-543-6262 From $320,000 LR 604-596-8828 From $249,900 SF 604-543-3868 From $489,900 TH dreamstarliving.com Coming Soon TH 778-885-6700 Call TH 778-593-9954 From $329,900 HR 604-233-7748 Coming Soon HR 604-583-9866 From $289,900 LR 604-581-8000 From $199,900 TH 604-584-9405 Call TH 604-503-1188 Call TH 604-575-7366 From $329,900 incl. HST TH 604-288-8918 From $299,900 HR 604-588-6999 Call SF/TH 604-579-0247 From $345,900 incl. HST LR 604-588-3783 From $160’s CG/TH 604-440-8070 Coming Soon HR 604-951-9283 Call

TH 604-574-5415 From $335,900 TH/DU 604-723-4497 From $549,900 TH 778-278-0030 $282,900 DU 778-389-7074 From $469,900 TH 604-533-6968 Call TH 604-597-7177 Call SF 604-888-8758 From $599,900 TH 604-575-5569 Call TH 604-575-8518 From $279,900 inc HST LR/TH 604-576-1772 From $199,000 TH 604-575-8806 From $292,900 LR 604-530-0054 From $229,900 LR 604-532-7711 From $211,900 TH 778-574-0146 From $339,900 LR 604-530-5399 From $219,900

VANCOUVER & AREA DOWNTOWN 540 Beatty LR 604-684-5403 From $869,000 999 Seymour MR 604-879-9996 From $325,900 Alexandra HR 604-899-8800 From $839,900 Erickson HR 604-899-8800 From $2,499,000 Fairmont Pacific Rim Estates HR 604-781-4303 Call Jameson House HR 604-339-0707 Call Keefer LR 604-408-2580 From $1,600,900 Keefer Block LR 604-682-8813 Coming Soon Laguna HR 604-682-5300 From $900,000 Living Shangri-La HR 604-605-8833 Call Maddox HR 604-669-8200 From $319,900 Mark, The HR 604-687-4353 Call Modern amacon.com From $300’s One Pacific HR 604-899-8800 Coming Sonn Ritz, The HR 604-876-9222 Call Rolston, The HR 604-688-8927 Call Sapphire, The HR 604-876-9222 Call Three Harbour Green TH/HR 604-683-3388 Call EAST SIDE 16 East TH 604-724-6335 From $699,900 Alba LR 604-251-2522 From $327,000 Avant TH 604-298-2240 From $618,900 Block 100 HR 604-682-8801 Call Central HR 604-687-4353 Call Charm LR 604-330-8838 $266,900 Cedar 54 LR 604-325-0192 Call Jeffs Residences, The TH 604-558-1907 Call Latitude TH 604-377-1362 From $688,000 Penthouse (PH)

Live Work (LW)

City Home (CH)

T Y P E contact

P ric E

Local LR 604-688-5527 From $349,900 Lido HR 604-872-2672 From $458,900 Majestic On Main LR/TH 604-638-9222 From $399,900 Meccanica HR 604-876-8819 From $324,900 River Walk TH 604-438-2858 From $688,000 Sesame LR 604-253-8888 From $259,900 Skyway HR 604-436-1100 Call Uptown LR 604-899-8800 From $276,800 Woodshire TH 604-719-1700 From $420,900 WEST SIDE 6 & Fir HR 604-899-8858 From $449,900 700 West 8th HR 604-714-2213 From $819,900 5555 Dunbar LR 604-568-7551 From $300,000’s Academy HR 604-228-8895 From $498,000 Alder Crossing TH/Flats 604-600-5405 From $269,900 Bayswater LR 604-739-8880 Call Blanc TH 604-600-8790 blancmodern.com Cambie & 7th HR/TH 604-568-5060 Call Collection 45 LR 604-569-1555 Call Elizabeth LR 604-877-1722 Call Exchange LR 604-716-0483 Call Fairview Green TH 604-742-1070 From $1.3 million Granville Mews TH 604-261-8088 Call James MR 604-675-1000 From $424,900 Kits360 LR 604-737-0360 From $299,900 Maynards Block, The LR 604-893-8378 From $262,900 MC2 HR 604-638-9998 From $259,000 McKenzie Green TH 604-558-2908 From $998,800 Montgomery TH 604-369-6641 From $619,900 Opsal HR 604-876-7332 Call Pinnacle Living Broadway MR 604-739-2080 From $429,900 Pinnacle Living False Creek MR 604-874-8368 From $369,900 Prelude MR 604-616-7008 Call Radius ledmac.com/radius Coming Soon Riley, The LR 604-616-7008 Call Sixth and Willow sixthandwillow.com Coming Soon Sydney HR 604-733-6688 $468,900 Village on False Creek, The MR 604-874-8368 From $385,500 Westerly, The LR 604-568-3399 From $300,000’s WEST VANCOUVER Evelyn LR 604-922-0330 Call WHITE ROCK / SOUTH SURREY Abbey Road TH Adagio LR Arista TH Augusta TH Avra HR Belcroft, The TH Blu TH Breeze TH Edgewater LR Elgin Oaks TH/SF Europa LR Gemini LR Greens at Douglas, The TH Headwaters LR Heights, The TH/LR Juniper SF Landstar at Summerfield SF Miramar HR Morgan Crossing LR Morgan Heights SF Pier 16 TH Promenade LR Toccata TH Sausalito MR Summerfield SF Vinterra TH Wills Creek TH High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

604-542-0660 604-531-6659 604-536-8887 liveataugusta.ca 604-531-9030 604-568-8830 604-782-5258 604-582-1113 604-535-9655 604-636-8525 604-908-2352 604-536-1663 604-619-4902 604-535-1451 778-545-8737 liveatjuniper.ca 778-389-5262 604-542-8700 604-582-1336 604-560-1053 604-542-1616 604-836-1818 604-535-5088 604-531-2200 604-536-1155 604-536-7171 604-542-8971

From $349,900 Coming Soon From $344,900 From $429,900 net HST incl.

From $339,900 From $599,900 incl. HST From $599,900 $304,900 From $419,900 Call Coming Soon Call From $540,900 $313,500 Call From $769,000 net HST incl.

From $749,900 incl. HST From $637,900 $234,900 From $840,000 From $349,900 From $314,900 $379,900 Call From $588,600 From mid $600’s From $539,900

Loft (LO)

www.macmarketingsolutions.com We sell the homes you want to buy. /MacMarketingSolutions 62 metro vancouver new home guide | dec 14, 2012 - jan 11, 2013

@MAC_Marketing

/MACMSTube

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