First-time buyers only need 5% down payment for these Port Moody homes

Aug 19 2020, 5:01 pm

To claim that affordable housing in Vancouver is hard to come by would be an understatement. In fact, the cost of renting in major metros nationwide remains sky-high.

Those looking to make the leap from renter to first-time homeowner are also likely to face some adversity — unless they set their eyes northeast towards Port Moody, that is.

A new housing development in the heart of this vibrant Tri-City, Clyde by Porte Homes, is offering first-time home buyers the opportunity to own one of their 117 homes with a down payment of only 5%.

That means that first time home buyers can secure a home at today’s pricing with a low down payment. They pay nothing more until the home is complete in 2023 when they move into their brand new home.

The modern and community-centred complex has homes starting in the mid $400,000s for those in all phases of life, with homes ranging from one to three bedrooms for those with growing families.

The developers took great care to ensure the homes were conducive to modern living and reminiscent of Port Moody’s industrial history. The result is a refreshing and timeless aesthetic.

Spacious homes provide loads of communal space and can accommodate a big dining table for dinner parties. Meanwhile, the living room space can comfortably fit a sectional for some premium “Netflix and chill” time.

The kitchen is as stylish as it is functional. It’s equipped with full-sized Samsung stainless steel appliances, soft-close cabinetry, a gas stove, woodgrain-detailed open shelving, quartz countertops with porcelain tile backsplashes, and a breakfast bar for extra seating, which appears in most homes.

We’d be remiss if we didn’t mention that every home at Clyde features its own distinct patio space, ranging in size from 50 to a whopping 651 sq ft — equivalent to the size of a generous downtown studio apartment. Penthouse units include their own private rooftop terraces with maximized sun exposure and breathtaking vistas of the surrounding mountains.

Standard finishes include high ceilings with large oversized windows that saturate each of the homes with tons of natural light. Herringbone flooring covers the main living areas, while bedrooms feature carpet for a cozy feel.

Laundry day is bound to take on new meaning with the ease of ensuite front-loading washers and dryers. Buyers also have the ability to customize the palette of their home with the choice of two designer-curated colour schemes by award-winning Ross & Company.

Among the long list of available amenities, perhaps the most impressive and forward-thinking is the electric vehicle rough-ins included with every parking spot. Cyclists will be equally pleased to learn there’s a bike repair station available on-site, while pet owners can freshen up their dogs in the decked out dog wash room.

The homes were constructed around a large private courtyard with a fire pit, barbecue, lounge space, and garden plots for an abundance of outdoor options steps away from your front door.

Additional shared indoor facilities are there to help you get your work, play, and sweat on by virtue of the flexible workspace, social lounge, and on-site fitness centre.

The surrounding community is a charming convergence of urban living and natural beauty. Living within this unique intersection means having quick access to downtown via the Inlet Centre SkyTrain station that is just minutes away from Clyde, as well as Port Moody’s abundance of green space.

You won’t run out of things to do in Port Moody. The park space is ideal for leisurely nature walks. For those craving something a little more rugged, there’s a myriad of nearby hiking and bicycle trails where you can get away from it all. Get acquainted with what it’s like to be a true local by getting around by water on a kayak, paddleboard, or sail and feel the calming effects of the salty ocean.

The relaxing yet downtown vibe of Port Moody is flooded with neighbourhood activities, including the breathtaking waterfront, local Arts Centre, and Port Moody Station Museum.

It’s also brimming with foodie hotspots, including authentic ethnic cuisine, artisanal cafes, and the many craft breweries scattered along Brewery Row. To put it simply, there’s a world of possibilities, any time of day.

Porte Communities has been serious about real estate since 1968. All of those years of experience have culminated into a belief that they aren’t just developing or managing properties — they’re helping build communities. Every development is its own labour of love, and Clyde is no exception.

Porte has given back to the community by supporting the Breakfast Club of Canada at a local Port Moody elementary school to help ensure kids don’t go to school hungry. So, each homeowner can feel good knowing they’re helping feed a child for 50 days.

The developer recently celebrated a major milestone with the opening of their new presentation centre; potential homebuyers are invited to register at to schedule an appointment. You can also get a sneak peek of Clyde’s spacious and modern interior by taking a virtual tour of the model suite online.

Daily Hive

Branded Content

This content was created by Hive Labs in partnership with a sponsor.
Daily Hive Branded ContentDaily Hive Branded Content

+ Real Estate
+ Sponsored
+ Urbanized