NEW DEVELOPMENT: Northbank by Ballenas in New Westminster

Tim Hill - 604.319.4700 - - - Royal LePage Coronation West


I am writing this blog today with informaon on another new development in New Westminster that is yet to be launched to the public! Below is a little inside information for you on pricing, promotions and launch information.


01 Floor Plan - 1 bedroom - 630 sf - Starting at $261,900 -

02 Floor Plan - 1 bedroom - 625 sf - Starting at $277,900 -

03 Floor Plan - 2 bedroom - 847 sf - Starting at $377,900 -

04 Floor Plan - 2 bedroom - 839 sf - Starting at $393,900 -

05 Floor Plan - 1 bedroom - 652 sf - Starting at $286,900 -

06 Floor Plan - 2 bedroom - 880 sf - Starting  at $363,900 -

TH01 Floor Plan - 2 bedroom - 1070 sf - Priced at $349,900 -

TH02 thru TH08 Floor Plans - 3 bedroom - 1181 to 1321 sf - Priced between $404,900-$429,900 -



There are two promotions available only to the first 30 purchasers in Northbank.

1) The first 30 homes that are sold in this development will receive a $3000 discount on 1 bedroom homes and a $5000 discount on 2 bedroom homes.


2) The first 30 purchasers will also only be required to put a total of 10% deposit prior to completion whereas the remaining purchasers will be subject to a 20% total deposit.


The deposit structure for this development is $5000 upon purchase, 5% of the purchase price (less initial $5000 deposit) due within 7 calendar days of vendor acceptance, 5% of purchase price due within 10 days of receipt of the Amendment to the Disclosure Statement and 5% of the purchase price due 60 days after the receipt of the Amendment to the Disclosure Statement.


Estimated completion of this development is 18 months or late 2013, but it is possible they will run closer to 24 months putting the completion into early 2014. There is a total of 100 apartment's, 8 town houses and 1 commercial unit in this development totaling 109 strata lot's.


As one of Ballenas VIP Realtors they allowed me to do a private preview today and that is how I received this first hand information. The sales manager has also given me permission to bring clients through this week as they are going to begin selling to their VIP List as soon as the Developer's Disclosure Statement is finalized. This is likely to be in the next few days. The official grand opening to the general public will be at the end of February so if you think this new development may be of interest to you I urge you to get in contact with me as soon as possible. I would be happy to set up a private viewing for you which will allow you to view the display kitchen, floor plans and the scale building schematic up close. By doing this, you will also be given an opportunity to purchase the homes in Northbank before they are released to the general public! Please feel free to contact me if you have any questions or concerns.


Tim Hill - Real Estate Advisor

Royal LePage Coronation West Realty

Direct: 604.319.4700






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