Newsletter

Pre-sale Market News

Bosa Properties’ – SEAandSKY

In December, Bosa Properties and Kingswood Properties announced they will be releasing Phase 2 of their masterplanned community in 2019 having now received a development permit.  Phase 2 consists of 134 – 2 & 3 bedroom townhomes which will have the same floors plans as Phase 1.

Phase 1 construction is well underway with several buildings framed to the second floor, foundations poured and/or formwork being completed.

Here’s a snapshot of the masterplanned community being considered.  Phasing and product type depicted in this rendering are subject to change.

Redbridge Development

Kingswood Properties announced they will bring to the 2019 market 267 apartments and 27 townhomes consisting of 1, 2 and 3 bedrooms.  The site is located at 1500 & 1606 Scott Crescent across from Mag’s 99 at Upper Mamquam Channel.

Solterra Developments

Solterra has been working with the District of Squamish for the past 18 months finalizing the details of their new development.  Here is a schematic of the 3 buildings (2 residential & 1 commercial) situated between Main Street and Vancouver Avenue on Cleveland Avenue.  It is anticipated these homes will be released late spring 2019.

Pre-Sale Market News

October is expected to be the busiest month for pre-sales in 2018 bringing over 2,000 units to market according MLA’s October report.An estimated 17 projects are set to launch in Vancouver and the Lower Mainland, bringing five concrete towers. In the current market, consumers now have more choice, flexibility and time to make decisions and look for the best value.

MLA October 2018 Pre-Sale Insight Report

Lately, I have been asked a lot about the two master-planned communities in Squamish as most think they are some. Let’s start with Bosa Properties.

Bosa Properties’ Masterplanned Community

Bosa Properties’ masterplanned community is located at 1500 Highway 99 behind the Shell gas station and Mag’s 99.  The 53 acre property consists of 7 phases.  Phase 1 consisting of 83 townhomes was released mid-May.

Just released on the District of Squamish’s development showcase are preliminary design details for Bosa’s Phase 2 development permit. Phase 2 is slated to be released early 2019 in conjunction with an official community launch. The presentation centre and showhomes are under construction, now.

Phase 1 is 85% sold with a select number of townhomes available for sale.  Several building permits have been released in Phase 1 with construction underway, also.

Here’s a list of Phase 1 availability:

Plan C1, 1199sf, 2 bed + flex

  • 706 – $689,900
  • 704 – $694,900
  • 1003 – $704,900
  • 1205 – $709,900

Plan A1, 1,464sf, 3 bed + flex:

  • 803 – $808,900
  • 503 – $813,900
  • 405 – $828,900

Plan B, 1785sf, 3 bed + flex:

  • 904 – $899,900
  • 806 – $908,900
  • 604 – $928,900

Click here for brochure

Click here for Phase 2 – Preliminary Design Details

For development details, please contact me at tpeaker@bosaproperties.com or 604.312.6196.

Newport Beach Development Update

The Oceanfront Development aka Newport Beach is being developed by Cornerstone Developments and Squamish Nation. The property is located between Howe Sound and the very south end of Cleveland Avenue.

While it may seem like nothing is happening at this site, there is a considerable amount of work behind the scenes required to bring this masterplanned community to life starting with the waterfront park and access road. It is anticipated the park will be under construction by the end of summer 2019 with the detailed designs for the park soon be presented to the public. Whereas, the new access road is well underway with a slated completion of spring 2019

Also, in play are the required approvals from the Department of Fisheries and Oceans and the Ministry of Environment before construction approvals are given. The site used to be home to a chemical plant. Every two years the developer has been testing ocean crabs for their mercury levels to ensure mitigation is properly undertaken. Recent tests indicate a downward trend so talks with the Ministry of Environment are getting closer to a green light. The site will also be raised 3 metres with clean soil.

There are currently designs for an office building on the site with the developer looking for suitable tenants. Construction will commence once tenants are signed.

The planned education campus will likely be a conglomerate of schools with several partnerships. Discussions are underway.

Lastly, the developer is also looking into light rail opportunities through the Sea to Sky corridor. Twenty-first century development is going to require unique solutions to move people to and from centres. The proposal for the light rail is in the very preliminary stages with the province, federal government and District of Squamish starting with a study to analyze the feasibility of this both economically and engineering-wise.

Click here for development overview

Pre-sales

While the headlines across the Lower Mainland chat about reduced demand in the market, it seems another tale is being told by the pre-sale market.
Suzanna Goncalves, Chief Advisory Officer, Partner MLA reports, “The summer market has been extremely active with new product launches as demand remains high…”

See the report from MLA Canada here.

Waterfront Landing by Bosa Properties

Location: Downtown Squamish

Phase 1 of this 53 acre masterplan was released mid-May with 85% sold, now. There are select number of townhomes available starting from $689,900. The community will have an 17,000 sqft amenity centre, parks, trail systems and a waterfront boardwalk. Two bridges will also be constructed across the Mamquam Channel to connect residents to downtown Squamish.

 

Click here for the brochure

Click here for starting prices

More Information

Tarsem Haus by LTO Developments

Location:  Northyards

An exclusive collection of 8 passive house townhomes consisting of 3 & 4 bedrooms ranging from 1,500 – 2,000 sqft with private rooftop decks. The 1 & 2 car garages have 250 sq.ft. storage units

What is a Passive House? (German: Passivhaus) is a rigorous, voluntary standard for energy efficiency in a building, which reduces the building’s ecological footprint.[1] It results in ultra-low energy buildings that require little energy for space heating or cooling.

Source: Wikipedia

Imagine having hydro bills of less than $25/mo!

Developer’s narrative

Design narrative and floor plans

More Information

Jumar by Wave Developments

Location:  Downtown Squamish

 

Next 5 purchasers, need only a 10% deposit when purchasing an 1B floor plan homes.

Whether you are looking for your first home or next investment, their stylish one-bedrooms are perfect. Starting from $454,900, these one-bedroom + flex plans boast spacious and bright living spaces, offering plenty of natural sunlight from both sides of the home, unobstructed mountain views along with a flex space suitable for all your storage needs.

Starting prices

More Information