R E A L E S T A T E W E E K L Y

BURNABY NEW WESTMINSTER FRIDAY, AUGUST 21, 2015info@rew.ca • 604-435-7977

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Vancouver Real Estate Pricey But Not

Overvalued: CMHC

Rent-to-Own:A Re-Emerging Win-Win

Housing Strategy

Ask the Expert: How Long Should

My Mortgage Term Be?

As prices in urban centres like Vancouver continue skyrocketing, the allure of the full-time vacation lifestyle

is gaining traction with an ever more diverse group of buyers. According to the 2015 Re/Max Recreational Property Report, 20 per cent of British Columbians would downsize their main residence to purchase a cottage. Now, some homeowners are carrying this trend one step further – cashing out of their primary city residence and using the equity to live full-time, often mortgage-free, in their vacation home.

Great Choice for BoomersJames Askew, president of rareEarth

Project Marketing, believes baby boomers will continue to drive the trend of transform-ing a summer vacation property into a four-season home.

But wherever that recreational property, this discerning market want something more than a bare-bones roof over their heads. “As boomers approach the age of retirement, they’re looking for upscale, maintenance-free living that still off ers access to the ame-nities of town.”

For Albertans, he says, that’s often the Okanagan – where increasing numbers of daily WestJet fl ights make it easy to get back for visits with friends and grandchildren in Calgary or Edmonton. Vancouverites who enjoy the relaxation of ferry travel might choose the deals found in locations like the Sunshine Coast or Gulf Islands.

Lifestyle Choice for Young FamiliesHowever, it’s not just retiring baby boom-

ers making this leap – it’s an increasing trend among families with children too. Laurie and Carle Proskin, both successful home-based business owners, are one couple who took the plunge and have never looked back. After enjoying their $500,000 cottage at Cultus Lake in Chilliwack as a vacation retreat for almost fi ve years, they realized it off ered a better, more cost-eff ective, full-time life than their $2 million-plus, single-family house in Vancouver.

“It’s a better lifestyle for our two kids and a more social one for us,” Laurie says. “Our children are always outside riding their bikes, playing with other kids, or going down to the lake.”

She sees plenty of ongoing fi nancial ben-efi ts too. “We don’t have to pay for parking any more – that still astounds me. And because there are so many activities for the kids, I spend way less on entertainment – they’re relearning how to make their own fun.”

Their neighbours, Maureen and Marc Hollaar, are also concrete jungle transplants. Maureen admits that initially the idea of pay-ing more than $200 a month on strata fees was a stumbling block. “But when you con-sider the amenities – pool, gym, clubhouse – it works. We have a 1,700-square-foot, three-bedroom-and-loft home with a cost of living that’s signifi cantly less than the city. Plus when the kids are grown up, if we want

to travel for half the year, we can easily rent it out.”

Taking a Gradual ApproachVince and Kathy Taylor are taking a more

staged approach to moving full time into their lakeside property near Squamish. “We were spending increasing time there, so we decided to try it for a year,” Vince explains. Now almost half a year into the experiment, the allure of outdoor living has lost none of its sheen.

“And typically it still takes less time to drive to our Vancouver offi ce than if we were living in Langley or Abbotsford.”

Another retiree, Constantine Anastasopoulos, saw opportunity in the Okanagan. “Yes, living in Yaletown was exciting,” he says. “But now I live in a newer home priced considerably lower than Vancouver. Plus my partner can ride horses again – you can’t do that in down-town Vancouver. We bought a couple of years ago when prices in the Okanagan were in a lull, so it’s been a good invest-ment as well.”

The Relaxation Quotient Ultimately, buyers and industry ana-

lysts alike agree that embracing rec-reational property as a full-time home is about a more relaxed way of living. “People are making a conscious decision to have a more social, engaged lifestyle,”

says Steven Van Geel, sales director for Cottages at Cultus Lake and Creekside Mills at Cultus Lake. “They want to live where they can feel safe letting their kids out to play with friends and where they know their neighbours.”

“I think people are missing the sense of community you fi nd in a vacation commu-nity,” says Maureen. “So many of our friends tell us they’d love to live here full time… and we are.”

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Year-Round Vacation Living: All About the Lifestyle

Looking to BUY or SELL a home? To assist you in making the best decisions, a professional Realtor can provide the most

up to date information on the real estate market, price, fi nancing and comparative

properties in your area.

Find your EXPERT Real Estate professional right here in REW.ca!

•2 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY AUGUST 21, 2015

Westburn Realty (604) 889-8001

METROTOWN AREA • OPEN SAT/SUN 2-4#1904 6055 Nelson Ave. $388,000

One owner completely updated (LaMirage)... panoramic view of Northshore Mtns and Deer Lake. One bdrm and den. Very bright... Better than new. Building completely rainscreen. Well maintained building. (No rentals). Indoor pool. Must be seen to be appreciated.

Noi Soudarack604.533.3939 offi ce604.533.4939 fax

778.895.4094 cellinfo@highlandvista.ca

Contact:

Sutton West Coast Realty

Take your life to new heights at Highland Vista!#3 5144 Dhaliwal Place, Chilliwack, B.C.

❖ 15 luxurious homes perched above Promontory Mountain all with mountain and Lake views

❖ Master bedroom on the main❖ Retirement for the Active lifestyle with

walking trail in your backyard❖ 2520-2725 sq ft 3 bedroom Rancher style

duplex with walk out daylight basement❖ Convenient access to amenities and

transportation❖ Homes starting from $450,000Visit www.highlandvista.ca for more infoShow Home open Friday-Monday 1-4pm

fo40% SOLD

RE/MAX CENTRAL

Lola Bradfield 604.218.6329lolabradfield@remax.net • www.lolabradfield.com

“The Right Agent for This Market!”

For more pictures please visit: www.lolabradfield.com

OPEN SUNDAY ONLY, AUGUST 23RD, 2-4 PM!!OPEN SUNDAY ONLY, AUGUST 23RD, 2-4 PM!!440 NORTHCLIFFE CR., NORTH BURNABY

Amazing dream home with breathtaking views of the water and Mountains. Over 15,000 sq. ft. lot, beautifully landscaped and immaculately kept, your very own park-like setting in this desirable family neighbourhood near SFU, NORTH BURNABY SECONDARY, WESTRIDGE ELEMENTARY, parks, recreation, shopping and transportation. This updated home features 5 bedrooms and three bathrooms, a gorgeous in-law suite with private entrance, and a top private master bedroom with over 600 sq. ft. of luxury space. This home offers your family the best setting near the best schools, university/college and the best life style! Nothing to do but move your family in! Don't miss our open house Sunday, August 23rd., 2pm to 4pm. or phone me for your private showing.

$1,848,000

#2003 13303 103A AVEUNIVERSITY DISTRICT SURREY CENTRAL

Gorgeous 20th. fl oor corner unit with amazing views. Brand new and GST already paid for! Brand new luxury home. Easy to rent for a great income property in a desirable location near Sky train. In the trendy University district, this condo has over 200 sq. ft. of private terrace, 2 bedrooms, 2 baths and a den so large that it can be a 3rd. bedroom. Walk to the skytrain, shopping Mall, restaurants, SFUcampus and Vanc. Career College. Fantastic location, great investment !

$328,800

2209 7088 18TH AVE, EDMONDS, BURNABYBeautiful views from the large deck of this gorgeous condo. One bedroom plus a large den that makes a great second bedroom or can be a guest room, offi ce or fl ex space. Elegant wood fl ooring, tiled large entry, granite counters, high ceilings, open concept and extra nook. Lots of storage!! This beautiful home is on the 22 fl oor of PARK 360, a fantastic concrete building still under NEW HOME WARRANTY, centrally located across the street from the Edmonds skytrain, near High Gate shopping, Metrotown, and only minutes from Vancouver! Amazing location in a great neighbourhood! Call!

$374,800

#106 1955 WOODWAY,BRENTWOOD PARK, BURNABY

Beautifully renovated large & bright garden level condo with private fenced yard & spacious fl oor plan. High-end design in every room. German contemporary fl ooring, New Stainless Steel appliances, Designer sink , Glass & Stainless Mosaic backsplash and designer fi xtures. Oversized Master Bedroom. This large, Beautiful, sunny 2 bedroom home is only a short walk from Brentwood Mall, Skytrain & all the conveniences of this beautiful family neighborhood. Fantastic investment in this well kept building with rentals allowed & heat included in low strata fees!

$274,800

SO

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SO

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To assist you in making the best decisions, a professional Realtor can provide the most up to date information on the real estate market, price, fi nancing and comparative properties in your area.

Find your expert Real Estate professional right here in REW.ca!

LOOKING TO BUY OR SELL A HOME?

Larry & Beth Quan604-728-8145

Centre Realty604-435-9477

$998,000

OPEN HOUSE SAT/SUN 2-4 PM4738 Parker St., Burnaby

Don't miss out on this opportunity. Remodeled, large floor plan bunga-low with basement. 3 bedroom up, 3 bedroom finished basement. Features: newer kitchen, inlayed hardwood flooring on the main, new hardwood stairs, laminate in basement, solarium, crown moulding, newer baths, 2 sets of washer and dryers, upgraded to 200 amp panel, storm double windows, 2 year old roof, furnace, newly painted fenced yard, sundeck with view, hot tub, storage shed and more. Lots of park-ing, 2 car double garage with electricity and carport. Walking distance to school, transit and Brentwood shopping mall. Open House 2-4 pm Saturday and Sunday August 22 & 23.

52x122 lot

REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY AUGUST 21, 2015 3•

Michael Langdon604-836-1300

langdon@dexterrealty.comwww.michaellangdon.com

DEXTER

ASSOCIATES

REALTY

MACPHEARSONWALK

$409,800

Park-like setting & close to all amenities.

201-5775 IRMIN ST.

$299,000 Desirable courtyard-facing 2 bed/2 bath in Discovery Reach by BOSA. Walk to sky-train, shopping and more. 2 pets allowed. 408-211 TWELFTH ST.

The Go Team

TOP FLOOR OASIS507-215 TWELFTH ST $238,000 Discovery Reach by

Bosa. Top fl oor unit with lots of updates. N.W. facing, open concept, parking, stor-age and more!

The Go Team

www.dexterrealty.com

604-689-8226 Yaletown

604-336-3539 Main Street

604-263-1144 KerrisdaleTaking our

Listings Global

OPEN SAT 2-4PM $458,000

GREAT FOR DOWNSIZINGExcellent 2 BDRM, 2 BATH fl oor plan w/ big views in this BOSA built home. Building has fi tness centre & lovely garden. 1803-39 SIXTH ST.

Christine Wardle

604-263-1144

★

OPEN SUN 2-4PM

OPPORTUNITY IS KNOCKING!!

Wonderful 4 bdrm character home with views of New West & Mt. Baker! Unfi nished base-ment perfect for Family rm, Man Cave, gym or ? 51ʼ x 136ʼ lot. Excellent home to live in, hold or re-develop! 8093 10TH AVE.FAYE LUNDAY 604-263-1144

★

$219,000

PRACTICALLY PERFECT!Outstanding, up-to-date, reno-vated 737 sq.ft. 1 bdrm. Roomy, open plan with West exposure. Walk to skytrain, Lougheed Mall & Cameron Rec. Centre. Inves-tor Alert - no rental restrictions, 2 cats ok.905-9541 ERICKSON DR.Su-Marie Baird 604-263-1144

F R I D A Y , A U G U S T 2 1 , 2 0 1 5BURNABY • NEW WESTMINSTER

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R E A L E S T A T E W E E K L Y

I n P r i n t > O n l i n e > I t ’ s A l l H e r e

Brio: Tsawwassen Urban Living at its Best When a new condominium project

came across recently retired Delta Fire Department deputy chief Rob Cullen’s desk, he was intrigued. Then, when he and his wife Debbie viewed the show home at Brio, they were instantly sold.

“I just retired after 37 years and we were ready to downsize,” says Cullen. “In addition, it is only two blocks away from our daughter and grandson’s home … it’s a win win.”

After more than three decades living in their large North Delta family home, the couple is ecstatic about all of the positives condo living is going to aff ord them.

“I’m really looking forward to the idea of not having to mow the lawn anymore,” he says with a chuckle. “For my wife, she is thrilled about having a brand new home … especially the gorgeous kitchen.

She hasn’t had new kitchen appliances in more than 30 years.”

The couple bought a west facing 1,100-square-foot, two-bedroom, two-bathroom home on the top level.

“The homes are beautifully built and close to absolutely everything we love – especially our wonderful grandson,” says Cullen, adding they look forward to the turnkey lifestyle that will aff ord them weeks of camping with their family.

The couple’s excitement has been echoed over and over again by those who have already bought.

“Many buyers tell us they love the loca-tion,” says Doug Lucier, sales and market-ing manager for the Extol Developments project. “First and foremost the loca-tion is perfect, centrally located in Tsawwassen yet on a quiet street.”

In the heart of one of the most sought-

after neighbourhoods in Delta is where you will discover Brio, a boutique four-storey wood-frame building featuring a stunning collection of 58 one-, two- and three-bedroom homes ranging from 687 to 1,887 square feet. Miles and miles of sun-soaked beaches, picturesque walking trails, great shopping and coff ee shops are minutes from Brio’s doorstep.

Brio off ers truly livable suite designs by the award-winning Portico Design Group – luxurious fi nishing touches and a level of aff ordability that appeals to all types of home buyers. The contemporary West Coast homes are distinguished by open interiors beautifully appointed with such features as engineered hardwood fl oors in the living, dining and kitchen areas, stainless steel appliances, quartz coun-tertops in the kitchens and bathrooms, generous nine-foot ceilings and oversized

balconies or patios. In addition, each res-idence is showcased by expansive win-dows allowing for lots of natural light and exteriors that include brick and Hardi sid-ing. Brio is also next door to everything urbanites need, including good schools, shopping, transportation, and more.

With more than 75 per cent of the homes sold and prices starting from $387,000 for a 1,040-square-foot, two-bedroom and two-bathroom home, these residences won’t last.

“There is still a great selection of two-bedroom homes to be had,” adds Lucier.

To view by appointment only at its new Sales Centre at Sutton Group Seafair, 1625 56 Street in Tsawwassen, call 604-943-8811 or visit www.brioliving.com. Occupancy is slated for winter 2015.