8
VANCOUVER EASTSIDE THURSDAY, FEBRUARY 11, 2016 info@rew.ca • 604-435-7977 REAL ESTATE WEEKLY 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, financing and comparative properties in your area. Find your EXPERT Real Estate professional right here in REW.ca! GO TO REW.CA /NEWS TO READ THESE STORIES AND MUCH MORE REAL ESTATE NEWS AND ADVICE Fraser Valley Real Estate Sales Smash January Records: Board Tips for Sellers: Whatʼ s Involved in Selling a Strata Property Guide to Being a Landlord #1: Creating a Rental Advertisement T he New Year is a great time to jump- start your spring home décor. What better way to get inspired than to attend the 45th Annual BC Home & Garden Show at BC Place Stadium running February 17-21? As the longest-running show in the Lower Mainland for renovation, landscaping and lifestyle inspiration and advice, you can expect to go home armed with new ideas and trends. “This year, show-goers can look forward to new products, new features, HGTV celebrities and over 400 experts to help them with their home, garden, lifestyle or cooking conundrums,” says show manager Tyson Kidd. One of the newest attractions is the Westcoast Smart Home by Trinity Post & Panel. A new company from 100 Mile House, they will be building one of their new post-and-panel construction homes at the show. “Also, for the first time at the Vancouver shows, HGTV’s Carson Arthur will be appearing,” he adds. REW.ca spoke to a couple of award- winning interior designers to get a snapshot into what will be trending at the show. Jamie Banfield, Jamie Banfield Interiors What are your picks for key design trends for 2016? White and two-tone colour schemes: Kitchens and bathrooms are the fea- tures of any home; we are seeing timeless trends in 2016 with white cabinetry continuing to be a popu- lar choice, while other spaces are incorporating two-tone cabinets. We are seeing a lot of wood texture, and bold deeper tone colours in this accent. • Eclectic kitchens: Open concepts and modern conveniences are being mixed with live edge wood product, open metal shelving, textures brick walls, multiple metals and woods to create a versatile, welcoming kitchen. • Adding a bit of nature: Natural tex- ture in any space adds layers and luxury that everyone is looking for. Millwork is being taking back to old roots such as oak, and wire brushes are being used for a natural finish. Large format tiles and big countertop statements are included in spaces to look like natural stones. What are your tips for creating a gorgeous room without spending too much money? • Texture, texture, texture: Layering texture and adding in raw materi- als such as stone, wood, live edge countertops, or old beams to craft a coffee table will strike the right balance. Mix and match: By purchasing a mix- ture of tables or dining chairs, you can add layers well and be a bargain hunter at the same time. The key is to have something in common – so scale, overall shape, tone and style. • Indoor-outdoor use: Think of fur- niture and décor that can be used on the patio or in in formal inte- rior gathering, and exterior fabrics that work indoors. Instead of storing patio cushions away for the winter, bring them indoors for a new look. • Hardware is key: A simple way to make any home or space feel more elegant and substantial is in quality hardware. Start with your entry door. Kendall Ansell, Kendall Ansell Interiors What are your picks for key design trends for 2016? Large light fixtures over islands in kitch- ens (small pendants are out). Mixing metal finishes (gold, brushed nickel, chrome). Interesting tile layouts: I’m starting to notice people wanting to stand out by changing the orientation of the tile or mixing different tiles together. Heated floors in more spaces than bath- rooms, and smart devices being used for frequently. Formal dining rooms are making a come- back. Stainless steel in a black finish is popu- lar in appliances. Any great ideas for outdoor decor and gardens? We love outdoor entertainment areas, spice gardens and retreat areas with a hammock or swing for relaxation. For more information about the 45th annual BC Home + Garden Show, running February 17 to 21, visit www.bchomeandgardenshow.com. Great Ways to Jump-Start Your Home’s Décor for Spring

VANCOUVER EASTSIDE Feb 11, 2016 Real Estate Weekly

Embed Size (px)

DESCRIPTION

Since 1978 Real Estate Weekly has been synonymous with outstanding coverage of the Greater Vancouver residential real estate market. Today, published with recycled newsprint from its own high-speed presses in Vancouver, Real Estate Weekly is delivered by British Columbia's largest courier force to over 210,000 homes across the Lower Mainland. A total of 5 separate editions comprise the Real Estate Weekly, each featuring homes for sale, new developments and quality editorial coverage of the housing industry and the communities. Real Estate Weekly, quite simply, lists more homes for sale from more Realtors than any other publication in British Columbia. Real Estate Weekly is the number one source for Lower Mainland residential real estate and the first choice of both homebuyers and Realtors for more than three decades.

Citation preview

Page 1: VANCOUVER EASTSIDE Feb 11, 2016 Real Estate Weekly

VANCOUVER EASTSIDE THURSDAY, FEBRUARY 11, [email protected] • 604-435-7977

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

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!

GO TOREW.CA /NEWS

TO READ THESE STORIESAND MUCH MORE REAL ESTATE

NEWS AND ADVICE

Fraser Valley Real Estate Sales Smash January

Records: Board

Tips for Sellers:Whatʼs Involved in Selling

a Strata Property

Guide to Being a Landlord #1: Creating aRental Advertisement

The New Year is a great time to jump-start your spring home décor. What better way to get inspired than

to attend the 45th Annual BC Home & Garden Show at BC Place Stadium running February 17-21? As the longest-running show in the Lower Mainland for renovation, landscaping and lifestyle inspiration and advice, you can expect to go home armed with new ideas and trends.

“This year, show-goers can look forward to new products, new features, HGTV celebrities and over 400 experts to help them with their home, garden, lifestyle or cooking conundrums,” says show manager Tyson Kidd.

One of the newest attractions is the Westcoast Smart Home by Trinity Post & Panel. A new company from 100 Mile House, they will be building one of their new post-and-panel construction homes at the show. “Also, for the fi rst time at the Vancouver shows, HGTV’s Carson Arthur will be appearing,” he adds.

REW.ca spoke to a couple of award-winning interior designers to get a snapshot into what will be trending at the show.

Jamie Banfi eld,Jamie Banfi eld InteriorsWhat are your picks for key design trends for 2016?• White and two-tone colour schemes:

Kitchens and bathrooms are the fea-tures of any home; we are seeing timeless trends in 2016 with white cabinetry continuing to be a popu-lar choice, while other spaces are incorporating two-tone cabinets. We are seeing a lot of wood texture, and bold deeper tone colours in this accent.

• Eclectic kitchens: Open concepts and modern conveniences are being mixed with live edge wood product, open metal shelving, textures brick walls, multiple metals and woods to create a versatile, welcoming kitchen.

• Adding a bit of nature: Natural tex-ture in any space adds layers and luxury that everyone is looking for. Millwork is being taking back to old roots such as oak, and wire brushes are being used for a natural fi nish. Large format tiles and big countertop

statements are included in spaces to look like natural stones.

What are your tips for creating a gorgeous room without spending too much money? • Texture, texture, texture: Layering

texture and adding in raw materi-als such as stone, wood, live edge countertops, or old beams to craft a coffee table will strike the right balance.

• Mix and match: By purchasing a mix-ture of tables or dining chairs, you can add layers well and be a bargain hunter at the same time. The key is to have something in common – so scale, overall shape, tone and style.

• Indoor-outdoor use: Think of fur-niture and décor that can be used on the patio or in in formal inte-rior gathering, and exterior fabrics that work indoors. Instead of storing patio cushions away for the winter, bring them indoors for a new look.

• Hardware is key: A simple way to make any home or space feel more elegant and substantial is in quality hardware. Start with your entry door.

Kendall Ansell,Kendall Ansell InteriorsWhat are your picks for key design trends for 2016?• Large light fi xtures over islands in kitch-

ens (small pendants are out).• Mixing metal fi nishes (gold, brushed

nickel, chrome).• Interesting tile layouts: I’m starting to

notice people wanting to stand out by changing the orientation of the tile or mixing diff erent tiles together.

• Heated fl oors in more spaces than bath-rooms, and smart devices being used for frequently.

• Formal dining rooms are making a come-back.

• Stainless steel in a black fi nish is popu-lar in appliances.

Any great ideas for outdoor decor and gardens?We love outdoor entertainment areas, spice gardens and retreat areas with a hammock or swing for relaxation.

For more information about the45th annual BC Home + Garden Show,

running February 17 to 21, visitwww.bchomeandgardenshow.com.

Great Ways to Jump-Start Your Home’s Décor for Spring

Page 2: VANCOUVER EASTSIDE Feb 11, 2016 Real Estate Weekly

•2 REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 11, 2016

PARK GEORGIA REALTY LTD.Park Square, #109-5701 Granville St.,

Vancouver, B.C. V6M 4J7Phone: (604) 261-7275 (24 hours)

www.parkgeorgia.com

When you are in the market for Excellence, think Park Georgia

33YEAR1982 2015

Congratulations to Park Georgia’sCongratulations to Park Georgia’sLeading Realtors For TheirLeading Realtors For Their

Outstanding Performance in 2015Outstanding Performance in 2015

TOP PRODUCERTOP PRODUCER

NORMNORMFLOCKHARTFLOCKHART

Emerald Club 19 YrsEmerald Club 19 Yrs

KIAT CHANGEmerald Club 3 Yrs

LILY LAMEmerald Club 22 Yrs

VOY WONGEmerald Club 8 Yrs

ALAN MAHEmerald Club 16 Yrs

TONY ENGEmerald Club 5 Yrs

STEPHEN MORRISEmerald Club 16 Yrs

MARIA GREATROSEmerald Club 2 Yrs

CECILIA STEWARTEmerald Club 1 Yrs

REBECCA SHIUSapphire

ADAM GOSSSapphire

604-909-0111www.SusanNinow.com

[email protected]

“Results through Experience and Integrity”

Susan NinowSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSWestside

201-2107 West 40th Ave.

TOP 1% of Royal LePageNational Network of Realtors

MASTER6 Years

Exceptional DEVELOPMENT opportunity to custom build and design your DREAM home! Located one of the few remaining single family RS-1 (FSR 70%) zoned streets. Sitting on an quiet street, with a south back yard. Flat and easy to develop! Located West of Main in the highly coveted Churchill District. Enjoy your evening walks around Langara Golf Course. Catch a movie at the new Cineplex Theatre. Quick stroll to the Canada Line and Marine Gateway shopping! Short drive to the most prestigious private schools, St. George's, York House, Crofton House, St. John's. Quick drive to Langara, UBC, Downtown, Vancouver's beaches, Oakridge, Richmond and YVR. Don't miss this opportunity! Call Susan for more details!

WESTSIDE LIFESTYLE - EAST Side Price!$1,288,000 28 East 60th Ave

NEW LISTING!

RESALE HOME LISTINGS | NEW HOMES FOR SALE | AGENT PROFILES | REAL ESTATE MARKET NEWS | HOME BUYING & SELLING ADVICE

Your one-stop source of lower mainland home listings and real estate news.

Page 3: VANCOUVER EASTSIDE Feb 11, 2016 Real Estate Weekly

REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 11, 2016 3•

SIMMY SANDHU604-897-5880

DEXTER ASSOCIATES REALTY

FABULOUS INVESTMENT ORDEVELOPMENT OPPORTUNITY!

DONʼT MISS THIS! House on a large 40ʼ x 140ʼ lot with back lane access, on a quiet street. School is walking distance a few blocks away and in a great family ori-ented neighbourhood. House is currently rented. Great invest-ment property or development opportunity! 2268 E.40TH AVE.

• 308 SALES AWARDS SINCE 1984 • REBGV LIFE MEMBER WESTCOAST

[email protected]

www. .com

181 Sales in 2015!

OUTSTANDING AGENT ... OUTSTANDING RESULTS

5000 SQ ̓SOLID BUILT HOME

1103 CONFEDERATION DRIVE$1,198,000

Solidly built 3-level residence in Port Coquitlamʼs CITADEL HEIGHTS area. RS1 ZONED. This home has a 1600 sq ̓upstairs with 2 LARGE BEDROOMS + den, kitchen & 2 full baths + VIEW FROM LIVING ROOM. Main fl oor has 2 powder rooms, laundry, living, dining, family room, kitchen & den. Basement has 1-1/2 baths, GAMES & REC ROOM + PLAYROOMS. Main fl oor & basement are used as a SUCCESSFUL MONTESSORI SCHOOL since 1997. Double garage. BEAUTIFUL 5635 SQ ̓CORNER LOT. By appointment only.

$1,389,900

A very special and unique 1910 character home in the heart of Hastings Sunrise with superb panoramic views of the North Shore Mountains. Of-fering over 3,200 sq.ft., this 4 level, 7 bedroom and bathroom home is divided into two suites: basement and main fl oor (4 bedrooms) with large bay windows, fi r fl oors, detailed trim, mouldings and high ceilings – cur-rently rented at $2,200. The 3rd & 4th fl oors are owner occupied with 2 bedrooms on the 3rd fl oor together with a distinctive and large spiral stair-case leading to its one-of-a-kind Master Bedroom. This is where you’ll take in the amazing view of the North Shore mountains while sipping your cof-fee in the generous sitting area of your bedroom. This home could easily be converted into a grand 3 level home, with a basement suite. South fac-ing backyard with gardening beds await your crops and there’s a new deck on the main fl oor. Walking distance to the numerous cafes, restaurants, grocery stores, library, community centre and Hastings Elementary w/ French immersion. A unique character home in a fantastic neighbourhood.

1914 HASTINGS SUNRISE FAMILY HOME$1,198,800 Beautifully renovated 1914 char-

acter home with fantastic VIEWS towards the Mountains. Enter-tainerʼs kitchen with granite coun-tertops, S/S appliances with gas stove. Lots of original character including w/b fi replace, Fir mould-ings, coved ceilings & 2 claw foot tubs. 3 bdrms on main & 2 bdrms & den down for the garden level suite. Fenced backyard w/ full veggie garden. Fantastic Hastings Sunrise location, 1 blk from restau-rants & shopping. Laneway house potential. 2727 FRANKLIN ST.

ABSOLUTELY CHARMING CHARACTER HOME$1,198,000 Charming character home in the

heart of Hastings Sunrise. Perfect family home w/ 5 bdrms, huge mas-ter bdrm & a very bright 2 bdrm suite Original fi r fl oors, wood burning f/p & tons of windows, offering a lovely country cottage feel. The master bdrm is truly a retreat with 10 ft. vaulted ceilings, 4 pce en-suite & a stunning VIEW to the Mountains. Detached Artistʼs studio in the back yard. currently used as a workshop & rented for $700/month. Steps to shopping & schools. 2559 WILLIAM ST.

HASTINGS SUNRISE – UNIQUE CHARACTER HOME WITH NORTH SHORE VIEWS

“Your East Vancouver Real Estate Experts!”

L i s a M a c I n t o s h Te a m - D e x t e r A s s o c i a t e s R e a l t yMedallion Club - Top 10% of Realtors in Greater Vancouver

Photos & Visual Tours at: www.lisamacintosh.comEmail: [email protected] Tel: 604-263-1144

Lisa MacIntosh Diane Kunic-Grandjean

$1,389,9002520 TRIUMPH ST. NEW LISTING $874,900Ocean, mountains & city views from this 2 bed, 2.5 bath NE corner townhouse on two levels located a block away from Kits beach (North of 4th). Sweeping views from every angle of the open concept top fl oor with its well-appointed kitchen and adjacent spacious dining room, comfortable living room with ca-thedral ceiling & skylight. Cozy up in from of your wood-burning fi replace while enjoying your views through large windows & French doors opening onto one of your two large covered balconies. Downstairs offers the master bedroom w/ ensuite & views, a guest bedroom w/ custom built Murphy bed & desk. Both bedrooms access your 2nd covered bal-cony. 1 pkg & 1 big storage, minutes away from all that Kitsilano has to offer! This is com-fort living at its best. 13-1620 BALSAM ST.

OCEAN, MOUNTAINS & CITY VIEWS, 2 BED,2.5 BATH TOWNHOUSE, 1 BLOCK FROM KITS BEACH

BEST HIDDEN GEM IN MOUNT PLEASANT –2 BDRM, 1.5 BATH, 2 BALCONIES & 2 PARKING!

Best hidden gem in the heart of SOMA! Positioned on the North East & West corner with city & mountain views, this 2 bedroom unit is fi lled with natural light coming through windows on all 3 sides! An entertainer’s delight with its well-appointed modern kitchen opening onto a large dining area & a very roomy living room with gas fi replace & balcony perfect for BBQing (bring your house-sized furniture). Spacious master bedroom with its own 2 piece en-suite, and a 2nd guest bedroom with access to a large balcony. Both bedrooms are set away for utmost privacy. Bonus: 2 parking! In-suite laundry, lots of in-suite storage, separate storage locker and pet-friendly, all in a very well-cared for building with depreciation report, roof (2010) & exterior paint (2012). 202-2621 QUEBEC ST.

$599,000NEW LISTING

Page 4: VANCOUVER EASTSIDE Feb 11, 2016 Real Estate Weekly

•4 REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 11, 2016

www.dexterrealty.com

604-689-8226 Yaletown

604-336-3539 Main Street

604-263-1144 KerrisdaleTaking our

Listings Global

The True Meaning of LuxuryNOT ON MLS! $1,599,000

3 bed penthouse in the heart Vancouver with exquisite views of downtown & mountains. Pri-vate rooftop patio. Extremely rare opportunity (, not even listed on MLS) - avoid bidding wars by acting fast! Assignment, call for details. 1806 - 1695 Main Street.

LISA FINDLAY 778-378-8090

868 KINGSWAY $355,000 Location, location, location! Wake up to fabulous North Shore mountain views in this newly renovated 2 bed/2 bath condo just minutes away from downtown. DONʼT MISS THIS GEM OF A HOME! 309-868 KINGSWAY.LISA FINDLAY 778-378-8090

66 ̓X 132 ̓CORNER LOT(HASTINGS SUNRISE)

2995 TURNER ST. $2,588,000

RSI prime corner level unit in Hastings Sunrise. Need I say more? Excellent location, close to schools, transit, shop-ping. 3 bdrm home in good condition with new roof & furnace. Please call for de-tails. MARILOU APPLEBY 604-318-9566

1-3 bedrooms + coach house1-3 bedrooms + coach house

FINELY CRAFTED ANDINDIVIDUALLY CURATED HOMES

With 4 homes and acoach house, THE COLUMBIA

will be an enviable place to live.Included are two 1 bedroom

garden suites, two 3 bedroomhomes above and one 2 bedroom

and den coach house.

Caesarstone quartz countertops ❙ shaker style custom cabinetrydouble hung windows ❙ stainless steel appliances

engineered hardwood fl oors ❙ extensive use of natural stonecontemporary plumbing and lighting fi xtures ❙ shingle wood siding

Details include:

– Completion date Spring 2016 –

Quality built byCall for more details

Ruthie Shugarman 604.879.2941 • Paige Kraft 604.603.3475This is currently not an offering for sale. Any such offering can only be made with a disclousre statement. E.&O.E.DEXTER

ASSSOCIATES REALTY

Located at the corner of 16th Ave/Columbia St in the heart of Mt. Pleasant

PRE-REGISTER at liveatcolumbia.com

Page 5: VANCOUVER EASTSIDE Feb 11, 2016 Real Estate Weekly

REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 11, 2016 5•

www.vancouverres idence.com

LORNE GOLDMAN604.263.1911

lorne@vancouverres idence.com

Personal Real Estate Corporationrporation

Over 35 years of proven results and consistently in the top 1% of the real estate industry.

Page 6: VANCOUVER EASTSIDE Feb 11, 2016 Real Estate Weekly

•6 REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 11, 2016

METRO EDGE REALTY RECRUITING REALTORS

RIGHT NOW!!

Amazing New Real Estate Company is Already Exploding For All the Right Reasons

We opened our company December 1st 2015 and in 2 short months this is what happened.

• NO ANNUAL FEE

• NO DESK FEE (LIMITED TIME OFFER)

• $300 PER DEAL

For further information or to join Please Call

Email: [email protected] Website: www.metroedge.ca

604 • 368 • 5669DEAN DYMONT Managing Broker

• Open 60 days and 61 agents have joined us

• 29 sales in January & 37 new listings

• 4 high producing teams have joined us

• Launched our agent Training Program with 13 training days in February

• Held first big training workshop which over sold twice (standing room only)

• Secured 3 locations (2 in Richmond and 1 in Surrey)

• Currently looking for 4 other locations (North Shore, Vancouver, Burnaby, Coquitlam)

• Launched our exclusive Mentor Program for new agents

• Launched our exclusive Community Based (Farm Marketing) Strategy

• Secured building and building financing divisions

• Finalizing details on Property Management Division

AT KINGEDWARDSTATION

TH

E R

EG

EN

T A

TK

ING

ED

WA

RD

OA

KR

IDG

E4

1ST

AV

EN

UE

RIC

HM

ON

D

VA

NC

OU

VE

RC

ITY

CE

NTR

E

10 MINS TO DOWNTOWN 10 MINS TO RICHMOND

N

DEVELOPMENT BY

REGISTER TO

DAY

New Listings Direct to Your Inbox

GET YOUR FREE PROPERTY ALERTS

Page 7: VANCOUVER EASTSIDE Feb 11, 2016 Real Estate Weekly

REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 11, 2016 7•

Pre

sen

tatio

n C

en

tre C

om

ing

So

on

at 8

95

5 U

niv

ersity

Hig

h S

tree

t, Bu

rna

by

· 60

4 5

59

57

95

AN

IMP

RES

SIV

E OP

PO

RT

UN

ITY

BR

OU

GH

T T

O Y

OU

BY

INT

ERG

ULF

PR

ICE

& A

VA

ILA

BIL

ITY

SU

BJ

EC

T T

O C

HA

NG

E W

ITH

OU

T N

OT

ICE

. TH

IS IS

NO

T A

N O

FF

ER

ING

FO

R S

AL

E. A

NY

SU

CH

OF

FE

RIN

G C

AN

ON

LY

BE

MA

DE

WIT

H D

ISC

LO

SU

RE

ST

AT

EM

EN

T. E

.&O

.E.

LIFE AB

OV

E IT A

LLT

HE

TA

LL

ES

T T

OW

ER

· CO

MIN

G S

OO

N T

O S

FU

Located in the sought after West H

ighlands Neighbourhood,

The Peak at SFU features over 10

,00

0 sq ft of holistic am

enities. Steps from

one of Canada's m

ost prestigious universities, these 1, 2 &

3 bedroom concrete residences off

er the most incredible

panoramic view

s in the province at unbelievable value.

VIP PR

EVIEW

S BEG

IN FEB

RU

AR

Y 20

16.

REG

IST

ER N

OW

. PEA

KAT

SFU

.CO

M

Interg

ulf h

as a

lon

g h

istory

of su

ccessful d

evelop

men

t at S

FU

's Un

iverCity

, startin

g w

ith th

e pio

neerin

g N

ovo

residen

ces in 2

00

4. L

ed b

y o

ur in

no

vative

Interg

ulf In

telligen

ce ph

iloso

ph

y, o

ur a

pp

roa

ch em

ph

asizes th

ou

gh

tful p

lan

nin

g - fro

m id

entify

ing

the lo

catio

n, to

executin

g every

last d

etail w

ith th

e

hig

hest sta

nd

ard

s of q

ua

lity a

nd

craftsm

an

ship

.

UN

IV

ERSITY HIGH S

T

HIG

HL

AN

D C

T

AR

TS

RD

UN

IVE

RS

ITY CRESENT

Bu

rna

by

Mo

un

tain

Page 8: VANCOUVER EASTSIDE Feb 11, 2016 Real Estate Weekly

VANCOUVER EASTSIDE

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

Looking for a newhome? Start here.

I n P r i n t > O n l i n e > Y o u r c o m p r e h e n s i v e s o u r c e f o r l o c a l r e a l e s t a t e n e w s a n d l i s t i n g s

T H U R S D A Y , F E B R U A R Y 1 1 , 2 0 1 6

“Gaping Hole” in Multi-Family New Home Market: Consultant to Vancouver Developers

There’s a gaping hole in the multi-

family housing market for medi-

um-income baby boomers who are

“reluctant” to downsize from their sin-

gle-family homes, according to develop-

ment consultant David Allison, author of

The Stackable Boomer.

In a speech at an Urban Development

Institute breakfast seminar February 3

at the Pan Pacifi c Hotel in downtown

Vancouver, Allison told the development

industry delegates that, as demand from

this massive demographic grows, more

mid-level stock will be needed, and it

has to cater for the specifi c needs of

boomers.

“There will be a huge demand for

multi-family from middle-class boomers:

the ones who aren’t all that happy about

having to sell the house in the suburbs

in the fi rst place. But we aren’t building

very much for them right now.

“You see, as an industry we’re already

successfully building and selling homes

to the wealthy boomers who want a

concierge and a wine-cellar and a built-

in espresso machine in every room. But

what about the boomers who can’t aff ord

all that? They don’t want to live in build-

ings designed for fi rst-time homebuyers:

they are scared of trying to sleep just

down the hall from a part-time DJ who

likes to have keg parties on the weekend.

“There is a lack of choice in the mar-

ket for the boomers who can’t aff ord the

high-end product, and aren’t enthused

about the entry-level product either.”

Allison explained to the sold-out audi-

ence that his research for The Stackable

Boomer involved surveying 1,000 North

American baby-boomers who have moved

from a detached home and have been liv-

ing in multi-family units for at least fi ve

years.

He asserted that social acceptance was

a major factor in baby-boomers’ buy-

ing decision, and that it was important

for them to feel that they are still part

of the same social group as their peers

who may still live in large single-family

homes, as well as feeling like they are

a part of the community in their new

home.

Allison added that luxuries such as

spa-like bathrooms were very low on

the priority list of his 1,000 survey

respondents, and that living rooms, din-

ing rooms and kitchens were far more

important to almost all of the boom-

ers surveyed. He described these

three rooms as “the show-off ” tri-

angle, as it is where boomers

entertain friends and family,

and suggested that devel-

opment costs be concen-

trated in this area, cre-

ating better value for

the buyer.

Allison also raised

the importance of creat-

ing accessible, single-level

homes to accommodate boomers’

needs as they age – even though the

boomers don’t want to be reminded of

this, he said, causing a laugh among the

listening audience.

“One of the interesting things we found

out is that boomers want to know that

hallways are wide enough to accommo-

date a wheelchair, or a walker, or that grab

rails can be added to the bathroom, for

example – but they don’t want to be told

that. They don’t want that to be in the

sales material. So we have to fi nd

secret ways to tell buyers

this stuff .”