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Umbra at Portwood MLS® Listings
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Building Info
Portwood is a 23 acre green-focused community positioned squarely in the pulse of vibrant Port Moody. Our commitment to sustainability means that residents can explore a vast landscape of untouched earth far beyond their backyard, while enjoying every comfort that connected living has to offer.
Portwood redefines neighbourhoods by emphasizing the importance of connection with each other and nature. With open amenities that promote community, parks for play, and trails to explore, residents can enjoy both urban and suburban lifestyles.
With a natural garden sanctuary at the heart of the architecture, Umbra invites residents to connect with one another at their own pace, in their own space. Inspired by communal living and taking cues from its natural surroundings, Acton Ostry Architects delivers design that mixes Scandinavian simplicity with the effortlessness of West Coast style.
Umbra at 1190 Cecile Dr. Port Moody, cross roads are Angela Dr. and Cecile Dr., Spans 6 storeys, with 219 residences and townhomes make a striking debut for Portwood. Umbra seamlessly blends indoor and outdoor living, offering you a zen-inspired oasis where you can reconnect with nature. Umbra has 12 Bedroom Residences & 3 Bedroom Concrete Townhomes.
Official Website: https://portwood.ca/umbra Phone: 604.931.8096 Email: info@portwood.ca Sales Address: 1190 Cecile Drive, Port Moody
Strata Sub Categories: Strata Condos
Vancouver council open to increasing slots, table games at existing casinos
Vancouver city council voted this week to allow for applications to increase the number of slot machines and tables at the city’s two casinos, on the condition they be accompanied by an assessment of their social and economic impacts.
The request to amend the city’s 2011 gambling moratorium was made by the B.C. Lottery Corp., which told council the city’s population has increased 22 per cent in the past decade and that the amendment is a first step to allow BCLC to look at ways of expanding its two existing facilities — the Parq casino in Yaletown and Hastings Racecourse in East Vancouver — rather than building more casinos.
The city has contributed more than $172 million to non-market housing in the form of land
The City of Burnaby has a total of 1,040 non-market housing units, including rentals and co-ops, just built or in development on its land, according to a new city report, and there’s more on the way.
The city lands program for non-market housing, which was adopted in 2015, leases city-owned lands at a nominal rate to non-profit housing providers through a public request for proposals (RFP) process.
The city has contributed about $172.44 million as part of the program, including land, grants and on-and-off-site works, according to the report which accounts for 11 projects that recently completed or were in progress as of March 2024.
The assessed value of the land makes up more than $120 million of that $172-million total contribution for the 11 projects.
Household Financial Health and Housing Market Trends
According to the March 2024 Edge Report, current trends in debt service ratios and net worth may indicate areas of concern. The prevalence of static payment variable rate mortgages, household debt-to-GDP ratios, and Canada’s heavy reliance on real estate assets, may raise concerns about resilience.
In Q4 of 2023, debt servicing costs stayed stable, with the household debt service ratio holding steady at 15%. This ratio, which reflects the portion of disposable income allocated to debt repayment, remains significantly high, at levels not seen since 1990. A minor adjustment downwards from the previously reported peak of 15.2% in Q3 should be noted, however.
The federal government’s new Housing Plan, announced on April 12, 2024 and supported by Budget 2024, introduced a provision aimed at helping renters build credit by integrating rent payments into credit histories. It proposes amendments to the Mortgage Charter, encouraging collaboration among fintech companies, credit bureaus, and lenders to include rental payment data in credit scores.
The government calls on these agencies to create an ecosystem where renters can choose to include their rental payment history in their credit scores. It also expects lenders to prioritize comprehensive credit information, including rental payment history, in credit evaluations whenever feasible.
Federal Budget 2024: What are the proposed capital gains tax changes and how might they affect me?
The capital gains tax inclusion rate – today and tomorrow
Today, only 50% of the capital gain is taxable (this is known as the capital gains tax inclusion rate). This means that $50,000 of the $100,000 earned from the sale of the cottage in our example is added as income for that tax year.
Here’s an example:
Your regular income, earned from your full-time job, is $75,000
You make a $100,000 profit from the sale of your cottage (after you pay real estate fees, closing costs, etc.)
50% of the profit is taxable, which means you add $50,000 to your income during the tax year in which you realized this capital gain
$75,000 + $50,000 = a total income for that tax year of $125,000
The amount of tax you ultimately pay in that year will depend on your tax bracket and its marginal tax rate.
Thoughtful Modern Living • Air conditioning to keep homeowners comfortable during the summer months • Low carbon energy system for eco-friendly and effortless heating and cooling • Stunning light or dark interior colour schemes designed by award-winning Cristina Oberti Design • Natural laminate wood flooring throughout all homes • Convenient flex rooms in most homes intended to adjust to individual needs • Contemporary roller blinds to optimize natural light and control UV protection • Expansive windows with airy 8'11" ceilings in living area and bedrooms • Most 6th floor homes feature vaulted ceilings in living area • Oversized 7' suite entry doors for a grand sense of arrival • Stacked Samsung 24" washer and dryer (side-by-side in most 2 bedroom homes) • Large covered balconies for expansive outdoor entertaining • Landscaping by award-winning PWL Partnership • Architecture by award-winning Acton Ostry Architects
Bathrooms • Imported Italian cabinetry by Armony Cucine presented by Inform Projects • Floating vanity adorned with a smooth quartz countertop • Soft-close drawers provide ample storage • Sleek undermount sink for maximum counter space • Chic Kohler single handle matte-black faucet • Mirrored medicine cabinets with smart storage in ensuite • Elegant porcelain tile flooring and striking feature wall • Stylish Kohler matte-black bath and shower fixtures • Modern Kohler matte-black shower wand in ensuite • Recessed 12" x 20" shower niche in ensuite for essentials • Acritec acrylic soaker tub melts the day away • Kohler dual-flush toilet and quiet close seat
Designer Kitchens • Imported Italian cabinetry by Armony Cucine presented by Inform Projects • Soft-close drawers provide ample storage • Under cabinet LED lighting for late-night snacks • An expansive kitchen island for every culinary pursuit • Stylish multi-slab quartz countertop with eased edge and matching backsplash • Sleek stainless steel undermount sink • Chic Kohler pull-down matte-black faucet • Recessed LED pot lights in ceilings create ambiance
High End Appliance Package • One Bedroom Homes: • 24" Fulgor integrated refrigerator with bottom freezer • 24" Fulgor integrated electric cooktop • 24" Fulgor integrated stainless steel convection wall oven • 24" Fulgor integrated dishwasher • 24" Incassa Smart insert hood fan • Panasonic microwave 1.6 CF • Two Bedroom Homes: • 30" Fulgor integrated refrigerator with bottom freezer • 30" Fulgor integrated electric cooktop • 30" Fulgor integrated stainless steel convection wall oven • 24" Fulgor integrated dishwasher • 28" Incassa Smart insert hood fan • Panasonic microwave 1.6 CF
Security & Technology • Lobby entrance intercom to receive visitors • Secure key-fob entry system for the elevators, building lobby, common areas, underground parkade & suitespecific floors • 24/7 security cameras in key locations • Fully secured underground parking with well-lit common areas & pedestrian walkways • Energy efficient motion sensors on parkade lights • Spacious, individual out-of-suite storage available
Peace of Mind • EDGAR customer service at your fingertips • Comprehensive warranty protection by Travelers Canada • 2-year material and labour warranty • 5-year building envelope warranty • 10-year structural defects warranty
The Townhomes at Portwood
Thoughtful Modern Living • Air conditioning to keep homeowners comfortable during the summer months • Low carbon energy system for eco-friendly and effortless heating and cooling • Stunning light or dark interior colour schemes designed by award-winning Cristina Oberti Design • Natural laminate wood flooring throughout all homes • Convenient flex rooms intended to adjust to individual needs • Contemporary roller blinds to optimize natural light and control UV protection • Expansive windows with airy 8'11" ceilings in living area and bedrooms • Oversized 7' suite entry doors for a grand sense of arrival • Side-by-side Samsung 24" washer and dryer • Large patio spaces for expansive outdoor entertaining • Landscaping by award-winning PWL Partnership • Architecture by award-winning Acton Ostry Architects
Bathrooms • Imported Italian cabinetry by Armony Cucine presented by Inform Projects • Floating vanity adorned with a smooth quartz countertop • Soft-close drawers provide ample storage • Double undermount sinks in ensuites • Chic Kohler single handle matte-black faucet • Mirrored medicine cabinets with smart storage in ensuite • Elegant porcelain tile flooring and striking feature wall • Stylish Kohler matte-black bath and shower fixtures • Modern Kohler matte-black shower wand in ensuite • Recessed 6" x 20" shower niche in ensuite for essentials • Acritec acrylic soaker tub melts the day away • Kohler dual-flush toilet and quiet close seat
Designer Kitchens • Imported Italian cabinetry by Armony Cucine presented by Inform Projects • Soft-close drawers provide ample storage • Under cabinet LED lighting for late-night snacks • An expansive kitchen island for every culinary pursuit • Stylish multi-slab quartz countertop with eased edge and matching backsplash • Sleek stainless steel undermount sink • Chic Kohler pull-down matte-black faucet • Recessed LED pot lights in ceilings create ambiance
High End Appliance Package • Two 24" Fulgor integrated side-by-side fridges with bottom freezers • 30" Fulgor integrated electric cooktop • 30" Fulgor integrated stainless steel convection wall oven • 24" Fulgor integrated dishwasher • 28" Incassa Smart insert hood fan • Panasonic microwave 1.6 CF • Spacious pantries provide additional storage
Security & Technology • Lobby entrance intercom to receive visitors • Secure key-fob entry system for the elevators, building lobby, common areas, underground parkade & suitespecific floors • 24/7 security cameras in key locations • Fully secured underground parking with well-lit common areas & pedestrian walkways • Energy efficient motion sensors on parkade lights • Spacious, individual out-of-suite storage available
Peace of Mind • EDGAR customer service at your fingertips • Comprehensive warranty protection by Travelers Canada • 2-year material and labour warranty • 5-year building envelope warranty • 10-year structural defects warranty
Restrictions
Restrictions updated:
January 2011
Construction Information
Year Built
2026
Levels
6
Strata Information
Strata Plan #
Units in Development: 219
Units in Strata: 219
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