Market Housing
UBC Properties Trust initiates proposal calls to developers on residential land, which will be leased for market housing. The freehold of UBC's land will never be sold; successful developers enter into a 99 year prepaid lease with the University as landlord. In strict accordance with the Board of Governors' policy, net proceeds from these leases are endowed to serve the University's academic mission.
Successful developers prepare working drawings and permit applications that are consistent with the site characteristics as determined in the Neighbourhood Plan. UBC's Campus and Community Planning is responsible for granting the necessary permits before construction commences. As the projects near completion, the developer stratifies and converts their ground lease into individual strata lots leases which are then assigned from the developer to the end purchaser. As a result, the purchaser ends up being the lessee with UBC as the landlord.
A number of developer projects have been completed at UBC to date. Below is information and links to developers whose projects are currently offering housing for purchase.
Pacific
Next to the village and on the edge of a world class park, this collection of homes is simply idyllic. Superior finishes combine with Gold REAP sustainable features to create real value. Life at Pacific will merge active lifestyles, education, tranquility, fine dining, and entertainment into pure inspiration where everyone would want to live, if they could.
Be amongst the first who can live in these 1 bedroom/den, 2 bedroom/den residences by registering early at adera.com for information on our upcoming release.
Pathways
An international award winning project, Pathways brings together place, character, and sustainability. Every building facing a green street, generous outdoor space for each home, your Pathways home will be flooded with natural light from oversized windows. The organic, natural materials and clean modern lines of your living space reflect the duality of your lifestyle. State-of the-art concrete and steel construction, the remaining spacious homes are available for quick occupancy!
The Sage
Sage is a prestigious collection of luxury concrete condominiums located in the new Wesbrook community. Balancing environmental design with sophisticated finishing, Sage has been tailored to suit your lifestyle: Expansive balconies and European kitchens for family-sized entertaining; concierge service for security and convenience; and a yoga and meditation space for you to rejuvenate and relax. Sage is the latest offering from Kenstone Properties. Sizes of homes range from 900 to over 2,500 square feet.
For more information please visit www.sageliving.ca or call 604.822.0809.
Tapestry
Tapestry at Wesbrook Village UBC will feature two six-storey midrises offering residents a campus lifestyle seniors community with 134 rental homes and 46 condominium homes. Modelled on Concert's award-winning Tapestry at The O'Keefe - ArbutusWalk, Tapestry at Wesbrook Village UBC will be an integral part of the South Campus Neighbourhood providing well-planned and abundant amenities to the community and its residents. Tapestry at Wesbrook Village UBC is Concert's third seniors lifestyle community, operated exclusively by Leisure Care.
The Wesbrook
Over the years, Aspac's Coal harbour residences have become the Lower Mainland's best real estate investment - setting records for returns in the city. The Wesbrook reflects the same winning approach, with house-size floorplans, kitchens by Snaidero of Italy, a full suite of Miele appliances, Lutron lighting systems, limestone flooring and marble countertops in the bathrooms, and deckmounted soaker tubs.
For a preview of The Wesbrook's showstopping style, please visit www.thewesbrook.com or call 604-683-3388 for more information.
For all Market House properties purchased at UBC, a Form C Assignment of Lease must be signed by the University of BC as well as a Tripartite Agreement for every mortgage placed against the property.
There are several procedures to assist you in obtaining signatures for your Form C Assignment of Lease and Tripartite Agreement. Please make sure that all the information in your documents is correct and follow the Closing Document Procedures to ensure a judicious process.
Thank you for your assistance in following these procedures. If you have any questions, please call 604-731-3103 for assistance.
Contact
FAQ