Langley Times Real Estate Review April 8

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The Langley Times • Friday, April 8, 2011 • 1

real estate

review Superior quality 1 and 2 bedroom homes AND a 1.9% mortgage* We are very happy homeowners. Home ownership wasn’t something we’d considered until Cornerstone came along. One look at the showhome (nice) and a conversation with their mortgage-savvy sales team, and we were sold. We walked in on a whim, thinking, “There’s no way we can afford this”, and walked out on top of the world. Our folks agree — Cornerstone is a smart decision. Marcon has a great reputation; they’ve been around as long as we’ve been alive. And the best part is we can still afford to go on vacation, thanks to our low monthly payment.

Fully-loaded from $188,900

CORNERSTONE MORTGAGE RATE

1.9%

*

FOR A LIMITED TIME ONLY!

Visit our Discovery Centre today 5655 - 210A St, Langley. Open Saturday to Thursday, 12-5. cornerstoneliving.ca 604.534.6000. Sutton Group Express Realty

*Visit Discovery Centre for details. This is not an offering for sale or financing. Available to qualified buyers only. Any such offering may only be made with a disclosure statement. The Developer reserves the right to make changes without notice. E.&O.E.

THE THOMPSON TEAM YOUR AIRMILES CONNECTION

HELPING YOU “MAKE IT HAPPEN”

Ann & Julia Thompson • 604-618-7142

Residential • Investment • Recreational

604-897-0261

WILLOUGHBY HEIGHTS BEAUTY

jimeddy@shaw.ca

Walk everywhere - schools, Willowbrook Mall, restaurants - fall in love the minute you step into the spacious living room with its high vaulted ceiling & rock faced f/p. The family size kitchen offers up stunning views of Mt. Baker - for living 3 bedroom & 3 bathrooms + a family room.

Make your appointment to view 19603 Wakefield Drive today.

$449,90 0

ANN & JULIA THOMPSON CENTURY 21 Seaside Realty • 604-618-7142

The Local ExpertsTM

www.jimeddy.com

NEW PRICE

NEW LISTING WALNUT GROVE RANCHER

21313 - 86A Crescent, Walnut Grove

9295 203rd Street, Walnut Grove

3 bedrooms plus games room in one of the most desirable areas of Forest Hills in Walnut Grove - meticulously maintained with newer roof, h/w tank, furnace & flooring, just move in.

Looking for a nice clean rancher in Walnut Grove? Your search stops here!! Bright, clean rancher cul-de-sac in prestigious Forest Glen in Walnut Grove. Inground sprinkler, replaced hot water tank, furnace and roof. Close to schools, parks & amenities. Just move in and enjoy.

SERIOUS BUYERS & SELLERS WANTED

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• The Langley Times • Friday, April 8, 2011

Maureen Rostas

Victoria Ponomarenko

Andy Schildhorn Personal Real Estate Corporation

Nina Gatchalian

Kristiana Dixon

Wes Jamison

Mike Thibodeau

Roy Pereira

Brad Richert

Remember Y2K?

Laurie Deacon

Rudy Storteboom

Wenda Russell

Catherine Phillips

Robert Heard

I was reminded recently of the hysteria surrounding the turning of the century in 2000 and all the doomsday predictions for the millennium when all of our machines were going to stop working precisely at midnight on December 31, 1999 and we were going to wake up to a PreIndustrial age morning of tilling the soil for our food and walking or bicycling to work. One of our salespeople remarked to me that home sales in Langley had declined dramatically since the turn of this century judging by the Real Estate Board’s statistics. This sounded suspicious to me and to him, considering the amount of housing that has been built in Langley over the last 10 years, so I thought I should research that. As usually happens in these cases someone had misinterpreted the results and it just wasn’t true, sort of like Y2K. But it did indicate to me the up and down nature of the local real estate market. In 1998, for instance, at the depth of the economic slowdown of the 1990’s Langley based real estate companies sold a total of just over 1675 homes. The year 2000 seemed to be the year that we emerged from the economic downturn of the 1990’s, much to the relief of our company’s accountant. Sales began to pick up through 2000 and 2001 and by the end of 2002 sales were very strong and sales prices were beginning to rise along with the rising number of house sales. It had been 8 years since the number of houses sold by Langley real estate companies matched the sales of 1994. By the time 2006 & 2007 were in the books the number of homes sold by real estate companies in Langley had reached over 3400 homes. And that turned out to be the high point of the bull market in terms of homes sold. By 2008, 8 years after Y2K, the number of homes sold by those same real estate companies had dropped back to just under 2300 homes So what does this tell me. Well, first of all it tells me that I’m spending far too much time reading tea leaves and old charts and graphs. I need to get out more! But it also tells me that house sales have good years and bad years and the cycle is an 8 year cycle and it’s very predictable. It also seems to be true that the price of homes cycles every eight years as well but the home price cycle seems to run about 2 years behind the house sales cycle. Y2K came and went and all the hype and doomsday talk of 1999 disappeared on January 1 2000. I recall closing our office on New Year’s Eve and shutting off every machine I could find in the office and hoping that they would restart when I returned to work. I remember returning to work on the next work day and turning on my computer very hesitantly and feeling very foolish when it turned out to be working fine as did all the other office machines as I turned them on. It was business as usual and we had apparently not returned to the Age of Agriculture. But the business of real estate was about to get anything but usual as we rolled through the first decade of the new century. Stewart Henderson Macdonald Realty 1st Pioneer Managing Broker

View all our listings online. Plus FREE full MLS search too! 22424 Fraser Hwy. Murrayville Office Hours: Mon.-Sat. 9am-5pm

Kevin Jeannotte

Stewart Henderson

Kathryn Croutch

Donna Harper

Lindy Leclair

Ellie Bishop

Phil Hayes

604-530-4111 www.1stpioneer.ca Top office 26-40 Realtors in the Fraser Valley Real Estate Board based on MLS statistics for 2007 and 2009

Duane Marcum

Lori Watson Mortgage Broker

Leigh Turnbull

Monique Papineau

Hugh Message

Joe Borlinha

Rosemary Papp

D’Arcy Jackman

Melinda Biddle

Joe Ciulla

The Langley Times • Friday, April 8, 2011 • 3

ONE SQUARE FOOT

IN SQUAMISH

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Design and Build your new Custom Home in historic Fort Langley.

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22878 80B Ave., Langley

20 Years home building experience ~ Superior craftsmanship ~ Customer satisfaction

XXX DBTUMFIJMMFTUBUFT DPN Sherman Foster: 604-888-7424

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www.lanstonehomes.ca

• Private One Acre Estates • Full Double Garage with 2nd full Toy Garage • Approx. 6000 Sq. Ft. Of High Quality Finishing Architectural measurements are approximations and may not be exact. E. & O. E.

www.lanstonehomes.ca

Experience the best of Fort Langley living

4

• The Langley Times • Friday, April 8, 2011

Free Home Evaluation... Anytime, no cost, no obligation. $ $ $ 948,000 324,900 2,999,000

Leafside Lane

3 Bedrooms in Leafside Lane with single garage. Laminate ooring on main with 9’ ceilings, 2 pc powder room, open living room with gas ďŹ replace and a maple kitchen featuring granite countertops. 3 bedrooms upstairs with a full ensuite and full main bath. Bonus rec room/bedroom in the basement with roughed in plumbing for a bath. Built in 2007 with low maintenance fee and very close to schools, parks and shopping. Pets are OK.

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Scenic .92 acre estate with 2 quiet road frontages... excellent access to add a workshop. 4,457 Sq.Ft. 2 storey with ďŹ nished basement. Open kitchen/great room plan with 4 bedrooms upstairs including a full ensuite and walk-in closet. One bedroom unauth suite in the basement, plus an additional self contained suite above the oversized garage! Fenced and gated property with an outdoor ďŹ replace & an in-ground swimming pool. Private setting amongst mature evergreens.

$

699,900

Older Home On One Acre

Scenic Estate

A Must See

8600 SQFT. South Langley executive home on private park like 2.3 acres out of ALR w/future potential. One of a kind custom designed home has no expense spared w/gourmet kitchen rich custom cabinets, granite counters, in oor heating and Kohler faucets. Butlers room, built in wine cooler, 2 walk in pantries. Great rm w/oor to ceiling rock F/P, old growth ďŹ r timber trusses and built in media center. Matching 3 bay 38x40 detached shop w/lower bay and 12' door and unďŹ nished upper living space.

$

Solid older home on nearly one acre with a 26x20 detached workshop. Nicely maintained rancher with ďŹ nished basement. Some recent updating.... most notably opening the main oor living space. Other updates include: a new roof, new carpets, paint, new fridge, hot water tank and new pressure tank. 3 bedrooms on the main with one full bath. Finished basement with 2 additional bedrooms, rec room and 2nd bath. Excellent property for car enthusiast with an attached double garage & a separate detached workshop. Strategic corner property (56th & 248th) not in the ALR & zoned SR-3 (19,000 sq.ft). Great investment!

$

1,349,000

389,900

“Sunscape�

Estate Acreage Lots

Rees Lake Road

Coming soon to Williams Park area on a quiet street. 1 acre+ lots starting from low $500’s. Call Will or Ryan for details.

One of Langley’s ďŹ nest streets.... rarely available waterfront home on Rees Lake with 112’ of private beach. Swim, sail or ďŹ sh from your own backyard! Over 1 acre useable land with 3,400 sq. ft. 2 storey home with self contained 1 bedroom suite over garage.

Best location in the complex! Bright end unit at the end of a no through road. Fantastic open plan with gourmet kitchen and eating bar, laminate oors and french door off the kitchen opening to large private patio and fenced yard. Generous living room features cozy gas ďŹ replace and large windows looking out to the front balcony. Basement features a bonus media room for entertaining and a large side by side double garage. Close to shopping, nature trails and school. This one has it all!

New Homes in Yorkson Coming Soon 6 new homes by Country Homes Ltd. are under construction with estimated completion in 6-8 weeks. Beautifully ďŹ nished with prices starting at $629,000 Incl. Net HST.

Over 1,000 Homes Sold. Will Rempel

willrempelteam.com Treeland Realty

Ph. 604.533.3491

Ryan MacDonald

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The Langley Times • Friday, April 8, 2011 • 5

6

• The Langley Times • Friday, April 8, 2011

$0.*/( 400/ 3&(*45&3 /08 1"3,-"/& $0. 8BUFSGSPOU BQBSUNFOUT GSPN UIF NJE T

Your final opportunity to own in ParkLane’s award-winning community of Bedford Landing. Spacious 1 and 2 bedroom apartments ranging from 650 – 1,050 square feet located directly on the waterfront in historic Fort Langley.

This is not an offering for sale. E.&O.E.

1"3,-"/& $0.

The Langley Times • Friday, April 8, 2011 • 7

REG I

$ 584,700 REDUCED

$ 459,700 REDUCED $ 409,800

STER YO U’VE N I N LA CONDO TODA EVE R N G LE S Y, VIP Y S E L OPEN E N B E I KE COM F O R E I NG S . OON!

$ 209,900 REDUCED $ 149,900

$ 239,900

OPEN HOUSE SAT-THURS 1-4 2267 Cameron Cres Builders Own Home 3 Bedrooms, 3 Baths

$ 119,700

204-31850 Union Ave Bright & Spacious 2 Bedrooms, 1 Bath

34972 Marshall Road Huge Usable Lot 4 Bedrooms, 3 Baths

$ 289,900

Quality Built Home 2000 sq. ft. with a large master bedroom

32267 Golden Avenue Large Rancher 3 Bedrooms, 2 Baths

$ 163,500

24-33123 G. F. W Centrally Located 2 Bedrooms, 2 Baths

209A-32725 G. F. W Extra Large Kitchen 3 Bedrooms, 2 Baths

$ 698,000

NEW

5174 Willet Road Peaceful 4.68 Acres 4 Bedrooms, 3 Baths

Do you Earn $14/Hr? Why Rent? Call Today! Be Your Own Landlord!

Great Family Area RV Parking, Hot Tub, Fenced Yard and More!

$ 284,700 REDUCED $ 314,900

27-35287 Old Yale Private Backyard 3 Bedrooms, 2 Baths

Ideal Family Home Still time to pick colors 2287 square feet!

8

• The Langley Times • Friday, April 8, 2011

…Homebuying 101...Greater Vancouver Home Builders’ Association held its annual Home Buyer Seminar in March - the largest of its kind in North America with 555 potential buyers attending…[page 2]

Style and family-friendly living at a good price

Vesta’s new development is blooming in Surrey KERRY VITAL

Vesta Properties’ Blume is springing to life in Surrey’s Panorama neighbourhood. Set into a landscaped park space with picnic tables, benches and a playground, Blume is a pedestrianfriendly development just minutes from the Bell Centre for the Performing Arts and the Newton Wave Pool. Residents will also be within walking distance of several elementary and secondary schools, shopping centres and eateries, and major transit and commuter routes are nearby. “It appeals to a lot of young families,” says Vesta senior marketing manager Curt Woodhall. “It also appeals to empty nester buyers who are looking for a low- or no-maintenance place.” The exterior of every townhome features a natural colour palette, stained wood and brick trim and decorative railings and wood shutters. Each home includes a deck, patio and private backyard, and an enclosed twocar garage. Visitor parking is available throughout the complex for those

looking to entertain. All residences are built with durable laminate shingle roofs and vinyl siding. Inside, each home is built in a bright open-plan design in one of Blume’s professionally designed colour schemes, with nine-foot ceilings and oversized windows on the main floor to allow for plenty of natural light. Hardwood-laminate is included on the main floor, and carpet throughout. The master bedroom in most homes includes a spacious walk-in closet with

built-in shelving, and a private ensuite features a large tiled walk-in shower, and a vanity mirror over a stylish arborite countertop. The average home at Blume includes three bedrooms and three bathrooms, Woodhall says. For the foodies, the open-plan kitchens include soft recessed lighting, a self-clean range, 21-cubic-foot fridge, built-in dishwasher and hood fan. Each kitchen also includes a breakfast bar or island, contemporary flat-panel maple shaker kitchen cabinetry with brushed silver hardware and granite countertops, and a double stainless steel sink with a chrome faucet and pull-out vegetable sprayer. Each kitchen has a stylish designer-selected hand-set tile backsplash with a decorative insert. “There aren’t a lot of upgrades needed,” Woodhall says. “Everything is

already included.” Blume includes Connect, an amenities centre featuring a lounge, kitchen and outdoor entertainment areas that allow owners to hold barbecues and group events. “It’s a boutique community. It’s like a quaint, private little enclave, which appeals to a lot of buyers,” Woodhall says. Phase one was released earlier this year, and has already sold out. Phase two includes just 10 homes, at least three of which have been sold already since the second phase opened on April 3. The final development will encompass 53 homes in total. “It’s really selling well,” says Woodhall. Homes start at $335, 900. For information, visit www.blumeliving. com.

‘‘

Blume is a boutique community. It’s like a quaint, private little enclave, which appeals to a lot of buyers...”

Curt Woodhall

Contributed photos

Vesta’s Blume is a boutique community that includes large backyards on every home and plenty of park space surrounding the 53-unit property. At left - Blume kitchens feature hardwood flooring, granite countertops, a double stainless steel sink and flat-panel maple shaker cabinetry.

Introducing the myStyle Mortgage Package ™

1.888.440.4480 | prospera.ca

*Some Conditions apply. Legal fees, appraisal fees, inspection fees to a maximum of $1,500 or $1,500 cash. The Annual Percentage Rate (APR) is for a mortgage of $100,000 with monthly payments and a 25-year amortization, assuming no fees apply. If fees and/or charges apply, the total Cost of Credit and APR would increase. Offer and rate may be changed, extended or withdrawn at any time without notice. Available O.A.C.

The Langley Times • Friday, April 8, 2011 • 9

Buying your ďŹ rst home is exciting, but you must keep your emotions in check - especially in a market like the Lower Mainland.

“It’s like going shopping on an empty stomach, (don’t) ďŹ ll the cart with things you don’t need...â€? ...Peter Simpson COLIN OSWIN

F

HOME BUYING 101 ...you are not alone...

Contributed photo

The Greater Vancouver Home Builders’ Association held its 17th annual Home Buyer Seminar March 22. GVHBA CEO Peter Simpson says it was the largest of its kind in North America with 555 potential buyers attending the seminar.

The GVHBA plans to hold a similar seminar next year, but in the meantime those that missed out can find lots of information on buying a new home or renovating a pre-

owned home online. “There’s lots to learn, but there’s lots of information out there,� Simpson said – adding that the GVHBA website has plenty of articles

and resources for people in the market for a home as well as those who are looking to renovate. For information check www.gvhba.org.

LANGLEY’S BEST VALUE!

WHY RENT WHEN YOU CAN OWN? MOVE IN MAY 2011

9OURÂ&#x;SEARCHÂ&#x;FORÂ&#x;THEÂ&#x;PERFECTÂ&#x; HOMEÂ&#x; ISÂ&#x; OVER Â&#x; 'REATÂ&#x; PRICES Â&#x; QUALITYÂ&#x; CONSTRUCTIONÂ&#x; ANDÂ&#x; Ă›Â&#x;EXIBLEÂ&#x; DOWNÂ&#x; PAYMENTÂ&#x; OPTIONSÂ&#x; MAKEÂ&#x; 3UEDEÂ&#x; THEÂ&#x; BESTÂ&#x; VALUEÂ&#x;INÂ&#x;,ANGLEY (7

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Ă˜ Ă˜6%

34

SUEDELIVING.CA 604.514.1530

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Call us today and get a sneak peek at our new on-site display home now open!

&2Ă˜

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irst-time home buyers got a little reassurance from the Greater Vancouver Home Builders’ Association last month. The GVHBA held its 17th annual Firsttime Home Buyer Seminar on March 22 at the Sheraton Vancouver Guildford Hotel in Surrey in an effort to demystify the process for people entering the real estate market for the first time. GVHBA President and CEO Peter Simpson says the evening was a big success, with 555 potential home buyers attending two-hour seminar. “It’s the largest of its kind in North America, and we were pleased to see so many people respond,� he said. Seven speakers – including representatives from the Canada Mortgage & Housing Corporation, BC Housing and the banking industry – covered the basics of buying a home. Attendees were led through the process from start to finish and were introduced to concepts like mortgages (variable versus fixed-rate), closing costs, realtor finishing costs and mortgage insurance. “We think that these potential first-time home buyers went home knowing a lot more about the home-buying process than before,� Simpson said. The most important thing for first-time buyers, Simpson says, is to keep from getting in over your head and stick to what you can afford. While buying your first home is exciting, Simpson says you have to keep your emotions in check, especially in a market like the Lower Mainland. “It’s like going shopping on an empty stomach, you fill the cart with things you don’t need,� he said.

Â&#x; !Â&#x;!VE Â&#x;,ANGLEY Â&#x;"#

This is not an offering for sale. Any such offering can only be made by way of disclosure statement. E. & O.E.

Suite

Type

SF

Price

102

1 BR + Patio

610

$189,900

207

1 BR

620

$194,900

307

1 BR + Den

725

$219,900

303

1 BR + Den

765

$232,900

420

2 BR

840

$259,900

308

2 BR / 2 Bath

875

$269,900

217

2 BR / 2 Bath

925

$279,900

106

2 BR / 2 Bath + Patio

1030

$299,900

Own your home with only 5% down. Ask us how! LANGLEY

10

• The Langley Times • Friday, April 8, 2011

Seeing is believing

The Langley Times • Friday, April 8, 2011 • 11

SINGLE FAMILY HOMES ON EXTRA-LARGE LOTS FROM ONLY

$

534,900 INCLUDING HST!

Pepin Brook Is Close To Everything! Check Out The Virtual Tour of Our Harrison Home.

Pepin Brook is 30 minutes to the Port Mann Bridge and15 minutes to Langley, with an elementary school across the street, shopping and recreation just down the road. These spacious 3 and 4 bedroom homes also have expansive backyards, full unfinished basements and the quality craftsmanship that goes into every Morningstar home.

ABBOTSFORD

Visit Our 4 Fully-Furnished Show Homes Today! Sales Centre Open Daily 12-6 (except Friday) |

29363 Bordeaux Terrace (at Simpson Rd.), Abbotsford | 604-856-1118

Visit mstarhomes.com for virtual home tours and floorplans

H ON UR LY RY 6 DO RE W M N AI N!

• The Langley Times • Friday, April 8, 2011

FINAL PHASE OF SINGLE FAMILY HOMES

Experience Highgrove, a signature collection of only 20 three-andfour bedroom single family homes nestled beside a natural ravine park offering tranquil green space and a connection to nature. This is the final phase of single family homes at Provinceton, and an opportunity you don’t want to miss!

NOW SELLING FROM $599,900 (INCLUDES HST) DROP BY AND SEE OUR NEW SHOWHOME!

IDY L L I C C O U N T R Y S IDE L I V IN G

HO M ON ES LY RE 7 M AI N!

ONLY 15 SIGNATURE TOWNHOMES

NOW SELLING FROM $509,900 (INCLUDES HST) PRIME GREENBELT LOCATION!

FRA

SER

HW

Y

182 ST

An intimate enclave of just 15 traditional craftsman style townhomes, Charlton is nestled amongst protected woodlands and creeks in the final phase of Provinceton. This rural retreat offers a carefree, low maintenance lifestyle without compromise; designed for those looking for the very best that country life has to offer and easy access to modern conveniences. Most plans feature a master bedroom on the main floor.

176 ST

12

68A AVE

CLOVERDALE

Provinceton Showhome and Sales Centre Open Sat to Wed 1-5 PM 6938-177 Street Cloverdale BC Tel 778.574.0510 www.provinceton.com Follow us on

The Langley Times • Friday, April 8, 2011 • 13

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• The Langley Times • Friday, April 8, 2011

Beautiful Fernridge Park

This home is fully renovated with new kitchen counters, dishwasher, kitchen & bathroom floors, new powder room, updated main bathroom, light fixtures, newer carpets & fresh paint, recent hot water tank, A/C for those hot summer days and nights. Just move in and enjoy your rich garden and large closed in sun room. Offered at $83,000 F1021515

This wonderful 55+ park offers serenity and tranquility at their finest. Located at 20071 24th Ave. in Langley, close to shopping and transit. Come and view, you will not be disappointed! No pets please.

Welcome home to this single wide mobile that awaits your fresh ideas. This home has a newer metal roof, double pane windows & slider with screen door, lots of kitchen cupboards, newer laminate, XL closed in storage room and large covered deck. Offered at $45,000 F1020476

Lovely newly renovated 1 bedroom mobile with new carpets throughout, new kitchen floor, updated bathroom, new closet doors in bedroom and fresh paint throughout. Very low maintenance yard. Offered at $56,000 F1021530

Vickie Mitchell

#111 20434 64th Avenue, Langley 604-315-7974 www.royallepage.ca

review OPEN HOUSES THIS WEEK

real estatee VE Q ALDERGRO Q LANGLEY

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#1 Choice gley Times – your

Sunday April 10 2-4 pm Sat. & Sun. April 9 & 10 12-4 pm

for Real Estate

Advertising!

137-19528 Fraser Hwy., Surrey Bright 2 bedroom condo at the Fairmont near Willowbrook Mall, open layout, lots of space, and close to transportation routes & transit. Master has large windows and a walk-in closet. BBQ on your 175 sq.ft. patio surrounded by greenery, or entertain in the large livingroom in front of the gas fireplace.

Jackie & John MacDonald 778-549-0696 Prudential Power Play Realty

22878 80B Ave., Langley Brand new house on private one acre estate. Approximately 6000 sq. ft. of high quality finishing. Full double garage with second full toy garage.

Sherman Foster 604-888-7424 Homelife Benchmark Realty Walnut Grove

Real Estate Review Every Friday in your Langley Times Call Delaina MacDonald to book your ad 604-514-6761

The Langley Times • Friday, April 8, 2011 • 15

For the way you live

With success comes growth RE/MAX Platinum has just joined one of Western Canada’s most successful real estate companies, RE/MAX LifeStyles Realty*. Now with three powerful offices in LANGLEY, MAPLE RIDGE and PITT MEADOWS we have the right agent to fit you and your LifeStyle.

Platinum Realty REALTORS® for the way you live 22308 Dewdney Trunk Road, Maple Ridge 604.466.2838 # 2 - 19126 Ford Road, Pitt Meadows 604.459.2838 # 120 - 20330 88th Avenue, Langley 604.513.2300

*formerly ridge-meadows realty

Call for your real estate needs! Each office independently owned and operated

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