Murrayville offers more…Platinum Group is offering a limited-edition collection of brand-

new townhomes in the historic community of Murrayville. Entitled Murray’s Landing, the Langley development

features spacious, four-bedroom homes situated in a peaceful neighbourhood that is both modern and contemporary, while

remaining rich with heritage ›› p.4

February 25, 2010

Realtors from the Real Estate Board of Greater Vancouver’s were busy working for others in 2009.

REBGV’s commercial and six geographi-cal divisions converted a year’s worth of meetings, seminars and other events into thousands of dollars for the people most in need within their respective communities.

All totalled, the seven divisions raised $52,932.33 in monetary donations for local charitable causes last year.

“Last year was full of ups and downs in our market, but our divisions’ longstanding

commitment to charitable giving remained strong and steady through it all,” says REBGV president Scott Russell.

“There is a deeply rooted culture of giving within the realtor community, which is exhibited through many hours of volunteer-ing, planning and sheer

dedication.”The funds raised went to help a broad

cross-section of organizations throughout Greater Vancouver.

The Delta Boys & Girls Club, Tri-City Women’s Shelter, the Lions Gate Hospital Hospice, the BC Cancer Foundation and Covenant House were among the recipient charities in 2009.

The REBGV welcomes everyone to join them in thanking the REBGV divisions for their extraordinary fundraising efforts in 2009.

To see a complete rundown of all of the charitable contributions made, turn to the next page.

Realtors raise thousands for charity in 2009

Scott Russell

Metro Vancouver real estate industry generous to non-profits

CONTINUED ON P.2

‘If it’s not broken, why the fix?’

TRICIA LESLIE

The federal government should not try to change something, lest they make it worse.

At least, that’s how Greater Vancouver Home Builders’ Association CEO Peter Simpson sees it.

“If it’s not broken, why the fix?” Simpson questions of the new measures announced by Canadian Finance Minister Jim Flaherty last week, intended to strengthen housing financing.

“If there is no bubble, why is (the govern-ment) implementing these rules? They’re not justified or needed,” says Simpson.

While Flaherty says Canada’s housing market is healthy and stable, and that there is no evidence of a housing bubble, the new rules are “proactive, prudent and cautious

... to help prevent one,” Flaherty says in a release.

The rule adjustments for government-backed insured mortgages are set to come into effect on April 19.

Ottawa will now:n require that all borrowers meet the stan-dards for a five-year fixed-rate mortgage even if they choose a mortgage with a lower interest rate and shorter term.

Greater Vancouver Home Builders’ Association CEO Peter Simpson, at an Adera development site, is

concerned that new lending rules will have a negative impact on the

housing market. Tricia Leslie photo

GVHBA CEO questions new federal mortgage rules

CONTINUED ON P.2

2 • New Local Home | February 25, 2010

Publisher: Fiona Harris • 604-575-5822 • publisher@newlocalhome.comEditor: Tricia Leslie • 604-575-5346 • editor@newlocalhome.comReporter: Maggie Calloway • maggiec@blackpress.ca Advertising Sales: Black Press National Sales • Adrian Saunders • 604-575-5812 • adrians@blackpress.caOnline Advertising: 604-575-5822Designer: Brad Smith • bsmith@blackpress.ca

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.

Burnaby/New Westminster/Tri-Cities•  $2,826.53 raised at the BNT Golf 

Tournament for S.H.A.R.E. Society – May 21.•  $3,825.23 raised at the BNT 

Christmas Party for Tri-City Women’s Shelter – Dec, 3.

Maple Ridge/Pitt Meadows•  $1,526.58 raised at the MRPM 

Golf Tournament for the Salvation Army Caring Place – June 10.

400 needy people were served a full Thanksgiving dinner – Oct. 12.•  $2,748.96 raised at the MRPM 

Christmas Party for the Salvation Army Caring Place – Dec. 9.

North Shore/Sunshine Coast/Sea-to-Sky•  $4,307.24 raised at the NSS 

Christmas Party for Family Services of the North Shore and the Lions Gate Hospital Hospice – Dec. 3.

Richmond/South Delta/Gulf Islands•  $3,280.27 raised at the RSDGI 

Golf Tournament for Delta Assist and Richmond Carefree Society – June 18.•  $2,302.00 

raised at the Richmond Christmas Party for the Richmond Hospital Founda-tion – De.c 3.•  $7,008.00 

raised at the South Delta Christmas Party for the Delta Boys & Girls Club and Reach 4 Youth – Dec. 11.

Vancouver East•  $2,108.50 

raised at the Vancouver East

Christmas Party for Admiral Seymour Elementary School – Dec. 17.•  Over 45 calculators donated to 

grade 4 and 5 students at Admiral Sey-Gour Elementary School – Oct. 7.

West Side•  $635.71 and four bags of clothing 

raised at the Brock House barbecue for Covenant House – June 10•  $2,378.93 raised at the Westside 

Christmas Party for the BC Children’s Hospital Foundation – Dec. 10.

Commercial•  $2,280.38 raised at the Com-

mercial Golf Tournament for Team REBGV Commercial – The Ride to Conquer Cancer – June.•  $180 raised at the Commercial 

Forum for Team REBGV Commercial – The Ride to Conquer Cancer – June.

REBGV-wide•  Sales from Teldon Calendars 

raised $4,603 for Tri-City Women’s Re-source Society, RainCity Housing and Covenant House Vancouver.•  The 2009 REBGV Charity Golf 

Classic raised $4,700 for Covenant House Vancouver.•  The 15th Annual Realtors Care 

Blanket Drive gathered 4,350 bags of blankets and clothing.•  RBGV’s First Annual Shelter 

Drive raised $8,221. 

More than $50,000 for good causesCONTINUED FROM P.1

“Last year was full of ups and downs in our market, but our divisions’ longstanding commitment to charitable giving remained strong and steady through it all.”

This requirement will help Canadians prepare for higher interest rates in the future.n lower the maximum amount Canadians can withdraw in refinancing their mortgages to 90 per cent from 95 per cent of the value of their homes. This will help ensure home ownership is a more effective way to save.n Require a minimum down payment of 20 per cent for government-backed mortgage insurance on non-owner-occupied properties purchased for speculation.

Industry stakeholders were not consulted about the changes, Simpson notes.

“We were surprised. (When it was an-nounced) was the first time we heard about it,” he says, and adds the housing market is still coming out of an unstable 2009.

The housing market is just starting to gain some momentum after an unstable 2008 and 2009, and adding more restrictions could be harmful, Simpson says.

“We have always encouraged home-buyers, particularly first-time buyers, to be prudent with their purchases and buy homes within their means,” Simpson emphasizes, and adds that Canada has been more cautious than other countries with its lending prac-tices, anyway.

“Our banks are already very cautious about who they lend to ... the concern is that a lot of first-time buyers will now start re-thinking when to buy.”

Having the first-time buyers busy in the market is imperative to its success, Simpson says, because they allow other homeowners to sell and get into a “move-up” home, and the sellers of those homes, in turn, can move up or downsize as needed, etc.

At Polygon Homes, senior vice-president of sales and marketing Ralph Archibald doesn’t see too much of an impact happening due to the new rules, since Polygon sees a lot of

people who buy their homes to live in them, not as non-owner-occupied residences.

“The 90 per cent financing is still available and the 35-year amortiza-tion remains in place, and those are two key components to get new homebuyers into a home,” Archibald

says.UBC professor and real estate expert

Tsur Somerville agrees that having the 90 per cent financing and 35-year amortization in place is good, but says there will be an effect on qualification for home mortgages.

“It’s going to dampen some of the market, but not a lot,” Somerville says.

“I think it’s probably the best compromise between people who don’t and people who do think there’s a serious problem (with the hous-ing market).”

Somerville says he hadn’t necessarily been

in the “bubble camp,” but on the other hand, he was concerned at what would happen to the market if it continued at the pace it has been.

“Interest rates affect so much more than the housing market,” Somerville says of predicted hikes. “These are policies that are less severe than raising interest rates, and this way, it’s relatively targeted toward the housing mar-ket. (The rules) are fairly moderate and fairly focused.”

Although interest rates are expected to rise, most experts are predicting they won’t increase by too much, and likely not until the latter half of this year.

Simpson says he has expressed his concerns to the government, and will continue to do so with all levels of government.

With the HST set to kick in July 1, and the impending threat of interest rate hikes, Simp-son says these new lending rules are deterrents the industry does not need.

“It will contribute significantly to buyer resistance,” he says.

“It won’t be good for the market.”

NEWLENdiNg

ruLEs

“Our banks are already very cautious”

CONTINUED FROM P.1

Off the front: “These policies are less severe than raising interest rates.” Tsur Somerville, UBC real estate expert

UBC professor and real estate expert Tsur Somerville says the new mortgage rules announced by the federal government are ‘fairly moderate and fairly focused.’ file photo

polyhomes.com

All Sales Centres open Noon to 5pm except Friday

Three and four bedroom Seaside-style townhomes in sunny South Surrey

7,500 square feet of resort-style amenities including outdoor pool, spa, hockey room, fitness studio, and theatre

Minutes to new village-inspired lifestyle shopping centre with trendy shops, market, and restaurants

2729 158th Street, SurreyTelephone: 604.541.4246Polygon Kaleden Townhomes Ltd.

SO

UT

H S

UR

RE

Y

Priced from $369,900

NEW

MODEL

One, two and three bedroom apartment residences at Windsor Gate, Polygon’s master-planned community in Coquitlam

Located just steps from the shops and services of Coquitlam Town Centre

Exclusive membership to a grand clubhouse featuring over 15,000 square feet of resort- style amenities

3097 Lincoln Avenue, CoquitlamTelephone: 60.552.1113Polygon Larkin House East Development Ltd.Polygon Windsor Gate Ltd.

CO

QU

ITL

AM

Priced from $309,900

Sleek 26-storey concrete tower just minutes from Metrotown, SkyTrain, restaurants, great schools and more

Contemporary two bedroom homes featuring floor-to-ceiling windows to capturespectacular views

Residents-only fitness studio and social lounge

6688 Arcola Street, BurnabyTelephone: 604.871.9056Polygon Luma Tower Ltd.

BU

RN

AB

Y M

ET

RO

TO

WN

Priced from $389,800

Priced from $369,900

NO

RT

H D

ELT

A

Featuring welcoming East Coast shingle-style architecture

A collection of three and four bedroom townhomes at Sunstone, Polygon’s popular master-planned community in North Delta

Exclusive membership to the Sunstone Club,a 12,000 square foot clubhouse

Central North Delta locationclose to commuter routes,schools, shopping,walking trails and more

8355 Delsom Way, DeltaTelephone: 604.588.8153Polygon Spyglass Homes Ltd.Polygon Nordel Development Ltd.

MODELS

OPEN

NO

RT

H V

AN

CO

UV

ER

Charming Craftsman-style architecture with contemporary interior design features

Exclusive collection of three and four bedroom executive townhomes

Convenient location just minutes from shopping, schools, commuter routes andall the natural North Shoreamenities includingLynn Creek Trails andMount Seymour

For more information, call 604.871.4226or visit polyhomes.comPolygon Wedgewood Homes Ltd. This is currently not an offering for sale.Any such offering may only be made with a disclosure statement. E.&O.E.

COMING

SOON

CO

QU

ITL

AM

Sophisticated three and four bedroom townhomes at the master-plannedcommunity of Dayanee Springs

Located at the base of Coquitlam’s Westwood Plateau, steps from shops,schools and Town Centre Park

Timbers Club – 7,500 square foot private amenity with pool

1357 Purcell Drive, CoquitlamTelephone: 604.552.3003Polygon Tyneridge Homes Ltd. Polygon Whitetail Lane II Homes Ltd.Polygon Dayanee Springs Development Ltd.

Priced from $519,900

Vancouver’s Builder of Choice since 1980.Visit a Polygon community to find

the home that’s right for you.

New Local Home | February 25, 2010 • 3

4 • New Local Home | February 25, 2010

A quiet community rich with heritage

Pioneers Paul and Lucy Murray came to Langley in the 1870s, giving their name to the Murrayville neighbourhood (the area between 216 and 216 A streets and 48 and 48A avenues).

One of the oldest subdivisions in Lang-ley, the area remains historic yet vibrant in the bustling Township of Langley.

A new addition to the community is the Platinum Group of Companies latest project, a limited-edition collection of townhomes entitled Murray’s Landing. A family owned company that has been building homes for over 15 years, Platinum Group has earned the trust of the com-munity through innovative design, quality construction.

In Murray’s Landing, the award-winning developer brings the same high standards and features you would find in single-family detached homes to the multi-family environment.

The setting is magnificent, with tree-lined boulevards and exquisite gardens that create a feeling of village life.

Shopping at Murrayville Square Mall is within walking distance and Willowbrook Shopping Centre is a short distance away, as are financial institutions, a variety of restaurants and other local businesses.

“If simply enjoying living in a quiet community that is rich with heritage and pride, yet modern and perfect for all your family needs, Murray’s Landing is for you and your family,” says marketing specialist Luana Matteazzzi.

At just over 2,000 square feet, these four-bedroom townhomes feature nine-foot ceilings throughout the main living level as well as oversized windows, baseboards and mouldings.

The daily living space is a contemporary open plan consisting of kitchen, family room and eating nook, while an energy-efficient gas or electric fireplace with a hand-crafted concrete surround completes the layout.

A more formal living room and dining area are also located on the main floor.

The kitchen is a home chef ’s dream, complete with granite countertops, de-signer backsplash, custom-designed maple shaker cabinetry, and designer stainless steel appliances.

New townhomes offer more in historic community

Platinum Group of Companies is offering a limited collection of townhomes in Langley’s historic Murrayville neighbourhood. The four-bedroom Murray’s Landing dwellings are spacious and open, with nine-foot ceilings and oversized windows. Kitchens come with granite countertops and stainless steel appliances, and living areas are complement-ed with energy-efficient gas fireplaces. Set in a location that is within walking distance to lo-cal businesses, Murray’s Landing is also close to major transportation routes and transit op-tions. Martin Knowles photos

CONTINUED ON P.6

New Local Home | February 25, 2010 • 5

c m

y k

#506-119 west pender, vancouver, bc V6B 1S5. t. 604.230.5627 e. christina@chemistrymarketing.ca

client approval

This is a digital colour mechanical. No traps have been made.

agency approval

fi le name: Time_2010_NLH1.indd

docket #: PLH 2010

client: ParkLane Homes

fi nished size: 10.333 x 7

fonts: BabyMine, The Sans

images:

stock type:

designer:

production: Miles

producer: Helena

printer/pub: New Local Homes

sent via : email

19 feb 10

He wants more space. She wants more style.Their happily ever after is Time.

3-bedroom townhomes starting at $339,900. 2 Showhomes Open 12 – 5, 9525-204th Street, Langley, BC. 604 694-1819

timeatwalnutgrove.com

This is not an offering for sale. E. O. & E.

ParkLane Homes (Walnut Grove) Ltd.

Building your home? Experts offer advice at GVHBA workshop

Find out all the latest tech tips in homebuilding at the Greater Vancouver Home Builders’ winter session of What’s New in Homebuilding, a popular work-shop for people who are contemplating having a custom home built for them.

Presented in partnership with Canada Housing and Mortgage Corporation, the March 6 event features technology experts from the GVHBA, including architect Richard Kadulski and Eneready Products Ltd. owner David Hill.

“It is important to understand how your home works – materials, construc-tion techniques, ventilation – so you can make better-informed choices for your family and the environment when build-ing your next home,” says Kadulski.

Workshop topics include: Principles of durable building envelope construction; Healthy housing tips for superior indoor quality; Ventilation systems; Energy efficient and green construction practic-es; and how energy choices affect costs.

The full-day workshop runs from 9 a.m. to 4 p.m. at the Best Western Coquitlam Hotel and Conference Centre (319 North Rd., Coquitlam; Salon A), with lunch and coffee breaks provided in the cost ($75 per person or $130 per couple). Registration is limited.Call 778-565-4288 to register.

‘Our ancestors actually got it right’

MAGGIE CALLOWAY

The Urban Development Institute (Pacific Region) is often in the news – but who are they and what do they do?

A national non-profit association for the de-velopment industry and its related professions, the UDI also has international affiliations, according to its website.

The 500 corporate members of UDI Pacific represent thousands of individuals involved in all facets of land development and planning, including: developers, property managers, financial lenders, lawyers, engineers, planners, architects, appraisers, real estate professionals, local governments and government agencies.Since 1972, the Pacific Region has been 

dedicated to fostering effective communica-tion between the industry, government, and the public; and aims to improve both housing and job opportunities for all B.C. residents.

UDI Pacific also serves as a public voice of the real estate development industry, commu-nicating with the media on a number of issues. The association concentrates its activities in three primary areas: government relations; professional development and education; and research.

“From the beginning, the Urban Develop-ment Institute has been involved in promoting

sustainable use of land. Our members build buildings but they also build communities,” says UDI executive director Maureen Enser.

“We have a tremendous amount of respect for the communities in which we build, and the land. We all know land is a precious resource, so how do we use it wisely is a ques-tion which is always top of mind.”

Finding a balance between sustainability and affordability is key, Enser says.

“The other side of it is, how do we use the land wisely and make it environmentally sus-tainable but also affordable?”

Urban Development Institute brings in the practical side of the environmental equation and searches for which technologies offer the biggest bang for the buck but which are also affordable.

UDI is also investigating working with the energy sector and researching new energy systems, to see if they are more affordable than the current ones in use.

UDI members are also reaching out right across the country to see what other jurisdic-tions are doing and to ask, “What is it we can do to be more efficient and yet affordable?”

“We have all heard about eco-density and sustainable communities, which we support, but we also use the term ‘climate-smart devel-opment,’ which is all about green building, but it goes further and addresses land use,” Enser says.

“So it goes back to the earlier principle of increasing density around transit nodes so that people don’t have to use their car for every trip. We are making it possible for people to live and work in closer proximity so they don’t even need to use public transit – they can walk everywhere if they so choose. It’s all about tak-ing a look at all those principles and finding a practical affordable application and that’s what we are about.”

Interestingly this understanding of how important it is to reduce the distance between home, work, school, shopping and entertain-ment for the sake of the environment would not be a foreign concept to people who lived hundreds of years ago, Enser notes.

“When we grew up, everything was within walking distance and if we had to use the car, it was to travel much shorter distances than today,” she says.Enser says it is a North American phenom-

enon to use the car to travel greater distances.“When we started populating North 

America, we started separating uses. We had a residential use in one area and an industrial use in another and a commercial use some-where else,” says Enser.

“The traditional way of building communi-ties is to put them all together in close proxim-ity. What we are doing now is to put them all together in what is called neo-traditional plan-ning – our ancestors actually got it right.”

Sustainable building is key for UDI

UDI executive director Maureen Enser says sustainable, affordable building is important.

6 • New Local Home | February 25, 2010

New homes in heritage neighbourhood

A kitchen island provides additional work space, storage and a raised break-fast bar.

The bathrooms are fantastic with both main and basement bathrooms featuring deep soaker tubs, granite countertops and quality designer fixtures.

The ensuite bathrooms come with dual sinks and a private walk-in, dual-head rain shower.

The same care has been taken on the exterior with rain screen construction, durable fibre glass exterior doors, James Hardie cement fibre board siding and 30-year fibre glass shingles.

There are extra touches that make Murray’s Landing a home of choice for the discerning client: double-car garages; a local area network pre-wired for high-speed Internet connection access at multiple locations throughout the home; structured wiring to meet future needs of an integrated media centre; and speaker wires roughed-in for speaker installation and theatre surround sound.

Murray’s Landing is surrounded by recreation facilities including the W.C. Blair Recreation Centre (swimming pool, fitness room, weight room and a multi-purpose room), which can meet all fitness requirements when homeown-ers are not out walking or running in one of the four beautiful parks in the surrounding neighbourhood.

There are also five golf courses in the nearby area, including Newlands Golf and Country Club and The Redwoods Golf Course.

Homes are priced from $404,900. Visit www.platinum-group.ca for more information.

‘Perfect for all your family needs’CONTINUED FROM P.4

At Murray’s Landing, the Platinum Group townhomes are open and airy, allowing plenty of natural light inside. Ensuite bath-rooms are designed to pamper, with his and hers vanities and dual-head rain shower. Rec-reation facilities, golf courses, local shops, businesses, parks and amenities are all close to the peaceful commu-nity. The four-bedroom homes are priced from $404,900. Martin Knowles photos

New Local Home | February 25, 2010 • 7

Park and mountain view Rowhomes, Duplexes,

and Single Family Homes in a quiet Clayton

Heights neighbourhood in Surrey.

www.mosaichomes.com

Two bedroom and two bedroom plus den Georgian

rowhomes in Surrey’s Fleetwood neighbourhood

surrounded by schools, shopping, and leisure.

Coming Spring 2010, a new collection of three

and four bedroom Neo-Colonial Manor Homes

bordering Victoria Park in Coquitlam.

FLEETW

OODD

A nice place to visit, a great place to call home.

LINKSTwo, three, and four bedroom East-Coast cedar

shingle rowhomes overlooking Carnoustie Golf

Course in Port Coquitlam.

GABLETwo, three, and four bedroom Georgian redbrick

rowhomes set on a gently sloping hillside with

sunny southern exposure in Coquitlam.

Four bedroom waterfront duplexes and two

bedroom plus den redbrick rowhomes at

Osprey Village in Pitt Meadows.

SOLD O

UT

SOLD O

UT

TURNSTONE

SOLD O

UT

8 • New Local Home | February 25, 2010

88th Ave.to H

wy

1

70th Ave.

68th Ave.

56th Ave.

Fraser Hwy

1A

10

17

6th S

t.

15

Managed by the Quantum Properties Group of Companies. This is not an offering for sale. Any such offering may only be made by disclosure statement. E.& O.E.Marketed by Quantum Realty Inc.

Incredible Quality!Occupancy 2011

Studio condos from$154,900

1 Bedroom condos from$174,900

2 Bedroom condos from$239,900

AmazingValue!

Presenta t ion Cent reOpen Daily (except Fridays) Noon to 5 pm2343 Atkins Avenue (corner of Shaughnessy St. & Atkins Ave.)Port Coquitlam, BC www.pear lcondohomes.com

Hurry! Lim

ited Time

Pre-Constructio

n Pricing!