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You could WIN

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}

Contest-entrypoint FRONT 1 5/7/09 4:57:48 PM

Coff ee With: Read why a homebuyer

and his family love

their new house›› p.10

Th e year 2010 seemed far away in July 2003, when International Olympic Com-mittee president Jacques Rogge fi rst an-nounced the 2010 Olympic and Paralympic Winter Games will be hosted by Vancouver.

Now, the Games are just around the cor-

ner – less than nine months away – and the potential impacts of the international event on the Greater Vancouver area are being bandied about by experts and professionals in all fi elds.

Many wonder what the Olympics will mean for the housing market, before and aft er the Games.

For Real Estate Board of Greater Vancou-ver president Scott Russell, the Olympics presents an opportunity to showcase B.C. and the Lower Mainland on the world stage.

“We’re excited. Th e spotlight is going to be on our province,” he says.

“We have a world-class city... we want people to look at Vancouver and say, ‘Wow, this is a great place to live.’”

Hosting Expo ’86 “really launched” a housing boom in the province, but whether or not that happens aft er the 2010 Games, hosting the Olympics will help raise Greater Vancouver’s profi le in the international

Winter Games 2010:it’s our chance to shine

CONTINUED ON P.2

Impact on the housing market will depend on location and the economy

May 14, 2009

Professor Tsur Somerville, UBC Sauder School of Business, tours the Olympic athletes’ village at Vancouver’s False Creek. Rob Newell photo

Choices that let you customize

From fl oor plans to colour schemes, Wall-mark Homes is allowing buyers to use their own style to the design the home they want.

And where else would this be more evident than at their scenic Birchwood Estates, located at Coquitlam’s Th e Foothills?

“Th e whole lower level is like you’re walking out onto your lawn,” says Tina Giustino, project co-ordinator for SCI, noting the development’s characteristic walk-out basements in the hilly community on Burke Mountain.

“From a fi nished basement to an unfi nished basement, a lot of people can design their own basement and pick what they want.”

An established company in the Greater Van-couver area, Wallmark has received commen-dation for their home quality and their ability to meet buyers’ needs.

Giustino adds that she has noticed Wall-mark’s ability to build a wonderful, family home and praises the big and spacious rooms of Birchwood’s homes as well as the company’s unique approach to giving its buyers the cus-tomization they want.

“[Wallmark] has got a number of models and you go in and say, ‘Do this, this and this,’” she says. “I think in today’s market that’s pretty reasonable.”

READ MORE ON P.5

2 • New Local Home | May 14, 2009

Editor: Tricia Leslie • 604-575-5346 • [email protected] Advertising Sales - Black Press National Sales • Adrian Saunders • 604-575-5812 • [email protected] Advertising • Nicole Hutchinson • 604-575-5826 • [email protected]/Business Development: Steve McIvor • 604-575-5822 • [email protected]: Brad Smith • [email protected]

New Local Home is published once a week by Black Press Group Ltd. (Suite 309 - 5460 152 Street, Surrey, B.C. V3S 5J9) 350,000 copies are distributed free across Metro Vancouver. Reproduction in whole or part is prohibited.

world regardless, Russell says.Elevating the area’s presence certainly can’t

hurt, agree real estate experts, such as Dr. Tsur Somerville, director of the UBC Centre for Urban Economics and Real Estate, and profes-sor of real estate fi nance at the Sauder School of Business at UBC.

Somerville says that raising the region’s profi le will likely be “the biggest positive” of hosting the Olympics, as well as the fact there will be lasting legacies left behind.

“On the one hand, you do build infrastruc-ture and amenities that can be used, during and aft er,” he notes. But, there is usually also a large tax bill to take into consideration, as well.

In Greater Vancouver, many amenities and some infrastructure related to the Olympics has already been built, such as the Richmond Olympic Oval, the venues for freestyle skiing and snowboarding events on Cypress Moun-tain, and the Olympic and Paralympic Park in Whistler. Accommodations in Whistler’s athletes village will be retro-fi tted, aft er the

Games are over, to provide more employee housing for those who work in the Whistler/Squamish area.

Long-needed improvements of the Sea-to-Sky Highway are still underway, and the province’s Gateway project also means other highway upgrades are ongoing or completed, and a new bridge – Golden Ears – will help people move around the Lower Mainland when it’s fi nished.

Th ese and other lasting legacies are defi nite benefi ts of hosting an Olympic event, Somerville says, and notes that while there was a housing boom aft er Vancouver hosted Expo ’86, the housing market and economy were diff erent entities at that time. Plus, Expo lasted for moths, as opposed to the two weeks the Olympic Games last, he adds.

Th e Winter Games hosted by Calgary in 1988 really raised Calgary’s profi le in Eu-rope, but compared to that, Sydney, Australia (2000) and Salt Lake City in Utah (2002) both experienced drop-off s in their economy aft er hosting the Games, Somerville notes.

In fact, Somerville says that in general, Olympic events have “remarkably little” impact on the surrounding region’s real estate, other than a “bump” in the market in advance of the Games.

But, he adds, “it’s a hard eff ect to pin down,” with such things as the economy and labour market to take into consideration.

Certainly, he says, some areas will likely fare better than others aft er 2010, like new homes

along new transportation corridors, such as the Richmond-Vancouver Canada Line.

Somerville says that if there are any positive eff ects from the Games, British Columbians will probably see it in the long-term, stem-ming from the province’s economic growth: more employment, more jobs and more

tourism.A better economy will mean

more people potentially moving to B.C. and therefore, look-ing for new homes to buy, for example.

A recent study commissioned by the Canada Mortgage and Housing Corporation looks spe-cifi cally at the Vancouver and Sea-to-Sky housing markets and the Olympics’ potential impact.

Th at study, conducted by Urban Futures Institute and City Spaces, took into consideration such things as population, the economy and employment rates.

It found that the Lower Mainland and Sea-to-Sky corridor is the most populous region to ever host a Winter Olympics, and that Sea-to-Sky communities will see more pronounced impact than the Lower Mainland, since there’s more room for population growth.

Squamish’s population is expected to grow by 14 per cent by 2016, and Whistler-Pember-ton’s is expected to grow by 12 per cent during the same time, the study shows.

Th e report does note the Olympics will likely generate signifi cant additional economic

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Off the front: “We want people to look at Vancouver and say, ‘Wow, this is a great place to live.’”

Whistler-Blackcomb, above, will put Metro Vancouver in the limelight with the 2010 Olympic and Paralympic Winter Games .

CONTINUED FROM P.1

“Probably the

biggest impact

would be putting our

name on the world

stage... putting our

city out there more

than it already is.”

CONTINUED ON P.4

2010: Spotlight on Vancouver and B.C.

New Local Home | May 14, 2009 • 3

$800,000

$750,000

$700,000

$650,000

$600,000

$550,000

Coquitlam House Price Comparison for May 2009

NEW Morningstar Home 7 Year Old Home

$682,395

$760,320


Province will be promoted during Olympics

activity, jobs and population growth, which will result in more housing activity.

“The fact is, it’s only a two-week event,” says CMHC senior market analyst Robyn Adamache.

“Probably the biggest impact would be putting our name on the world stage... putting our city out there more than it already is.”

The study shows the Olympic Games are expected to generate an additional $4.9 billion in Gross Domestic Product in B.C., but that number should not be overstated, especially when that same number is $1 billion less than the increase in public sectors wages agreed to in B.C.’s 2006 budget, Adamache says.

However, she and Somerville both agree that – with the housing market’s current low interest rates on mortgages, and home prices that have been lowered in many cases – now is the time to buy.

“It certainly makes it a good time to look at buying,” Adamache says.

While Somerville is reluctant to say the real estate market has re-covered, he thinks “the worst is past us,” and notes the “very favourable”

interest rates mean real estate is an attractive buyer’s market right now.

Despite the fact a huge impact on the Greater Vancouver housing market is not anticipated due to the Games, Adamache and Somerville say there will most definitely be some effects – it just depends on what and where those will be.

“I think there will be more notice-able impact in the Sea-to-Sky region, with job growth and population growth being the key fundamentals (related to) housing demand,” Ad-amache says.

Somerville says the effect will be different for different areas – even for regions not related to the Olym-pics.

Some of B.C.’s popular ski resorts in the Interior and elsewhere may see positive effects, he says, as well as Squamish and the Sea-to-Sky cor-ridor.

“The whole province is being pro-moted. Clearly, there are locations that will benefit over others.”

[email protected]

For the full study regarding the impact of 2010 on the local housing market, visit www.cmhc.caRunning along Vancouver’s seawall is a popular pastime for many in the Metro Vancouver.

World will take notice of Greater VancouverCONTINUED FROM P.2


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Customize your home how you want itFinding a place to fit your familyBirchwood Estates: large yards, custom design services

Sometimes, size does mat-ter. Especially when you’re looking for a spacious home with a large backyard.

Some may think it’s impos-sible to fi nd such a residence in B.C.’s Lower Mainland.

In Coquitlam, however, Th e Foothills off ers a variety of new single-family homes and townhomes from several diff erent builders in a master-planned community on Burke Mountain.

Brought to life by Wesbild Holdings Ltd., the entire Foothills neighbourhood was planned with extensive consultation from community stakeholders, the City ofCoquitlam, and area residents.

While the community Wallmark Homes’ Birchwood Estates at The Foothills in Coquitlam off ers homebuyers the chance to own a house with a large yard – something that

is becoming more and more rare in the Greater Vancouver area. The homes are part of a master-planned community on Burke Mountain. CONTINUED ON P.6


Live in a green belt close to shops, amenities

features a variety of dwellings and lot sizes, Wallmark Homes marketing manager Brad Cowden notes that Wallmark’s Birchwood Estates at the Foothills off ers homebuyers the largest properties in the neighbourhood.

“It’s the premier location in Th e Foothills. Lot sizes are 8,000 to 28,000 square feet. Th ere are no properties like that in Greater Vancou-ver,” Cowden says.

“Th e entire neighbourhood is super close to Coquitlam Centre, but it’s also surrounded by a protected green belt.”

Birchwood Estates homes range in size from 3,900 sq. ft . to 4,194 sq. ft ., with big backyards – “not a shoebox,” says Cowden. He says the level of quality, the amount of at-tention to detail, and the fact homebuyers can customize and design their home exactly how they want it are all reasons why people choose Wallmark Homes.

“Th e level of customization we do is extremely rare,” Cowden says. “With most homes, you pick a fl oor plan and a colour scheme, and that’s it.”

At Wallmark Home, he says the customer’s preferences come fi rst.

While homebuyers can pick from one of the fl oor plans provided, they can also tweak it however they want – move rooms around, make a room smaller or bigger, “or you can work with us to design the home you want.”

As well, Wallmark off ers the professional services of its interior designer – West Coast Design Interiors – to homeowners, to ensure they get exactly what they want, inside and out. Whether customers want a colour scheme and style to perhaps, match their cur-rent furniture, or whether they want a whole new look created, Cowden says their wishes will be granted.

All of the design and customization ser-vices – provided homeowners do not want anything excessive, or above the standards of the two showhomes – are provided free of

charge, Cowden says.Th e collection of 37 homes is being sold in

two phases, and the fi rst phase is more than 50 per cent sold, he notes.

Cowden also points out that Wallmark Homes is a Built Green Canada member, which means all of its homes are built to independently set environmentally friendly standards. Built Green homes also off er energy consumption savings to homeowners, right from the start, and will have a better resale value in the future.

He notes the community is spacious, pri-vate, and still close to downtown Coquitlam and Port Coquitlam.

Th e master-planned community encom-passing Th e Foothills will eventually feature fi ve new elementary schools and two new

middle schools, with a community centre. New parks, green spaces and a new fi re hall are also planned, as is a Village Centre, which will off er shops and services to residents.

But when you buy a Wallmark home, Cowden says, it’s not just the level of quality, the customization, or the full interior design services – it’s the entire process, including the customer service aft erward, that customers like.

“It’s the entire experience that you get with Wallmark.”

Homes at Birchwood Estates start at $890,900. Visit www.birchwoodestates.ca/wallmark_homes.html for more information.

[email protected]

‘Work with us to design the home you want’CONTINUED FROM P.5

The living area in a Birchwood Estates home. More than 50 per cent of Phase I is sold, says Wallmark Homes marketing manager Brad Cowden.

The front room (left), kitchen (above, top photo) and bedroom (above, bottom

photo) in a Birchwood Estates residence in Coquitlam’s The Foothills on Burke

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Anvil offers affordability, access to amenities

Finding an aff ordable home that is central to amenities can be tough.

At Anvil, however, homebuyers can live in a brand-new, nine-storey building in New Westminster in residences that start at $199,900.

An added plus, especially in today’s en-vironmentally conscious world, is the fact that Anvil has direct access to a major Lower Mainland transportation system.

“Th ere’s a footbridge right from (Anvil) to Sapperton SkyTrain station,” says Graham Snowden, project manager with Th e Agency (real estate marketing).

“Th ere’s no need for a car.”Homeowners who currently live at Anvil

are pleased with that access, Snowden says, and fi nd it can be an added bonus when fam-ily and friends come to visit, for example, or if they want to go to an event in Vancouver without taking the car or paying for parking.

Developed by United Properties Anvil Ltd., Anvil is a concrete- and steel-constructed building with homes designed to let in the abundant natural light available.

Th ere are outstanding view of the Fraser River, local mountains and of New West-minster, and each home has its own balcony, Snowden notes.

Th ere are several fl oor plans to peruse, from a junior one-bedroom up to a two-bedroom, two-bathroom unit.

Interior design, style and furnishings lend a sophisticated look to each Anvil residence, with hardwood laminate fl ooring, granite countertops, halogen track lighting, stainless steel appliances and brushed stain-less steel bar pulls on cabinets.

Creative, open fl oor plans make the space seem larger, while electric fi replaces add a cozy ambience. Bedroom closets are large, and built-in closet shelving helps homeown-ers stay organized. Windows are acoustically and thermally engineered to reduce sound and heat loss, and the parking garage is secure and brightly lit.

Th ere’s also a fi tness centre and a media room for Anvil residents’ use.

“It’s a great location – you’re central to ev-erything in the Lower Mainland – and there’s great views of the Fraser River,” Snowden says.

“Everything is brand-new, so there’s peace of mind in knowing it’s a new building, a new project.”

People are already starting to move into their homes, he says, and notes there are only about 40 units left out of 100.

Find out more at www.liveatanvil.com

‘There’s no need for a car’ at AnvilNew homes in New Wesminster feature views, central location, and SkyTrain at the doorstep

New homes are selling at Anvil, a nine-storey concrete and steel structure in New Westminster. Featuring a footbridge that goes from Anvil straight to Sapperton SkyTrain station, living

here means homebuyers don’t have to own a car. Other attractions include granite countertops, stainless steel appliances, patios and views of the local mountains and the Fraser River.

NOWSELLING

TRICIA LESLIE

When buying a new home, there are many things to take into consideration.

Location, price, who the builder is, nearby amenities and access to transportation routes are just a few examples of what new home-buyers may want to examine – before buying.

For Rick and Susan Fuss, a combination of all of the above pointed them toward SouthPort, a master-planned community of 71 single-family homes, built by ParkLane Homes, in South Surrey.

Holding his friendly pet pooch, Chardon-nay, at his front door, Rick says he and Susan chose SouthPort for one main reason: Mother Nature.

With one of the most moderate climates in Canada, South Surrey is also the one of the sunniest areas in the province’s Lower Mainland.

“Th e weather was the main reason – we used to live in Westwood Plateau,” Rick says, referring to their old Coquiltam neighbour-hood.

South Surrey boasts more than 32.4 hectares of parks, and is close to local shops, businesses, beaches and transportation routes as well, including Highway 99 and the U.S. border.

A blend of rural and urban living, the area provides a sense of being remote, while being only minutes away from all the businesses and services that a larger metropolitan commu-

nity can off er. And that’s another thing Rick likes about his new SouthPort home.

“I think it’s the proximity to all the shop-

ping – and the beach is just down the road, as well as the (nature) trails just outside our door.”

Chardonnay, wiggling with excitement and wagging her tail, concurs that she enjoys the beaches and trails just as much – if not more so – than her owners.

Rick confi rms that indeed, Chardonnay gets taken for plenty of walks on the nearby trails and at Crescent Beach – a favourite spot for many, which is minutes down the road from SouthPort.

His new neighbourhood is also bordered by the Nickomekl River, a Boundary Bay tributary that winds throughout the ravines and backyards of South Surrey.

He and his wife also like the fact that White Rock’s beaches and shops are alternatives they can easily visit, plus the ease with which they can travel to Vancouver (via Highway 99 or 91) or to the States, since the U.S. border is minutes away from SouthPort.

Rick and his wife were the second hom-eowners to move in on their street, about a year ago, and they have enjoyed watching the community grow.

Th ere’s a good mix of homeowners, he notes, ranging in ages and family size, and so far, “there are some great people here.”

While the Fuss family decided to move to SouthPort for its location, Rick says of course, they looked at things like interior and exterior design, but because they had bought a brand-new home before – from the same builder – they had confi dence in the quality they would get.

“We’ve bought new from ParkLane before and we trusted the builder and their reputa-tion.”


We want to know what you think about new homes

in the Greater Vancouver area.

• Are you a new homeowner?

• Why do you like your new home?

• Do you have a favourite developer/builder? Why?

• Are you looking to purchase, or are you in the

process of acquiring, a new home?

• What new community in the Lower Mainland is your

favourite? Why?

Please e-mail [email protected] with your ideas

What do you think?

coffee with...

Sunnier is better for homeownerWeather, location and reputation of the builder are all factors in house-buying decision

Rick Fuss, with Chardonnay, enjoys the rec-

reation near his new home. Tricia Leslie photo

Swimming, above, kayaking, walking and biking, below, are popular activities at South Surrey’s Crescent Beach. Nature trails are also abundant in the area, enjoyed by owners and their pets.


North ShoreNorth Shore

Burnaby/New WestminsterBurnaby/New Westminster

SquamishSquamish

RichmondRichmond

South DeltaSouth Delta

CoquitlamCoquitlam

Port MoodyPort Moody

Port Coquitlam

VancouverVancouver

SurreySurrey

North DeltaNorth Delta

LangleyLangley

Maple Ridge/Pitt MeadowsMaple Ridge/Pitt Meadows

White Rock/South SurreyWhite Rock/South Surrey

(1)(1)

(2)(2)

(6)(6)

(9)(9)

(4)(4)

(18)(18)(20)(20)

(21)(21)

(19)(19)

(5)(5)(7-8)(7-8)

(3)(3)

(35)(35)

(34)(34)

(33)(33)

(37)(37)

(36)(36)

(38)(38)

(10)(10)(11)(11)

(12)(12)

(13)(13)(14)(14)(16)(16)(17)(17)

(28)(28)

(42)(42)

(27)(27)(24)(24)

(45)(45)

(40)(40)

(44)(44)

(43)(43)

(40)(40)

(30)(30)(32)(32)

(31)(31)(29)(29)

(39)(39)

(26)(26)(23)(23)

(46)(46) (47)(47)(48)(48)(49)(49)

(22)(22)(26)(26)

Squamish(1)Skye-Soleil-AcquaPresentation Centre, 121 Lonsdale, North Van.

604-904-2240, 604-616-1215

(2)Furry Creek-Ocean Crest415- Furry Creek Dr. 604-315-0172

Vancouver (3)CarringtonOak Street & 45th Ave. 604-266-6500

(4)Pacifi cUBC Westbrook Village. 604-221-8878

(5)Aura5437 Willow Street & West 38th Ave. 604-264-6477

North Shore (6)Branches on the North Shore1111 E 27th Street. 604-988-8489

Burnaby(7)JewelWilson & Beresford. 604-456-0688

(8)Brentwood Gate-The Varley1960 Beta Ave. 604-205-7228

(9)Altaire9222 UniverCity Crescent. 604-298-1182

Coquitlam(10)Levo1170 Pinetree Way & Northern Ave. 604-464-5856

(11)The FoothillsBurke Mountain. 604-944-3188

(12)TattonVictoria Drive, Coquitlam. 604-696-1502

(13)Whitetail Lane1357 Purcell Drive. 604-552-3003

(14) Belmont1456 Avondale Street. 604-461-7113

(15) Burke Mountain Heights3398 Don Moore Drive, Coquitlam. 778-285-6299

Port Coquitlam(16)Links2418 Avon Place, Port Coquitlam. 604-460-9907

Port Moody(17)Heritage Woods300 Panorama Place, Port Moody

Richmond(18)Alexandra GateCambie-Garden City. 604-279-8866

(19)Centro7180 No.3 Road-Bennett. 604-270-8305

(20)PradoNo.3 Road & Lansdowne. 604-276-8180

(21)Hennessy Green9800 Odlin. 604-303-6840

South Surrey-White Rock(22)Highland Park160th & 24th Ave. 604-542-8995

(23)Glenmore at Morgan Heights161A St. & 24th Ave. 604-542-8863

(24)The BrownstonesMorgan Heights. 604-538-9897

(25)Wills Creek160th & 32nd Ave. 604-542-6200

(26)Nuvo15454 - 32 Avenue, South Surrey

(27)Morgan Heights26th Ave & 164th Street. 604-531-1111, 604-420-4200

(28)Ocean Park2026-128th Street. 604-538-2345

Maple Ridge/Pitt Meadows

(29)Falcon Hill23719 Kanaka Way. 604-466-5723

(30)Crest at Silver Ridge22850 Foreman Drive. 604-466-9278

(31)Solo11749 223rd Street. 604-467-0800

(32)Turnstone14-19490 Fraser Way, Pitt Meadows

New Westminster(33)Victoria HillMcBride Ave. 604-523-0733

(34)Q at Westminster QuayRenaissance Square @ Quayside Drive. 604-515-9112

(35)Red BoatEwen Ave & Furness St., Queensborough. 604-520-9890

Delta(36)Trend7445 Scott Road. 604-590-5483

(37)Radiance at Sundance8385 Delsom Way. 604-581-8144

(38)Cardinal Pointe10605 Delsom Crescent, Delta

Langley(39)Bedford Landing23015 Billy Brown Road. 604-888-2176

(40)Seasons & Prelude at Milner Heights208th St & 72nd Ave. 604-539-9484

Surrey(41)Augusta at Provinceton18199 70th Ave, 778-571-1088

(42)Springfi eld Village8678 156 Street. 604-591-1121

(43)Kaleden2729-158th Street. 604-541-4246

(44)Woods at Provinceton70th & 180th Street. 604-818-3702

(45)The Highlands at Sullivan Ridge60A Ave & 146th Street. 604-538-2125

(46)The Estates at Vistas West16327 60th Ave. 778-574-1380

(47)Tate18983-72A Avenue, Surrey

(48)Vista’s west6093 - 164 Street, Surrey

(49)Panorama Hills15038 - 59 Avenue, Surrey

(49)Nuvo15454 - 32 Avenue, South Surrey

On Tour

New houses are available at Portrait Homes’ The Crest at Silver Ridge, at 22845 137th Avenue in Maple Ridge.

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