Langley Times Real Estate Review

The Langley Times • Thursday, September 1, 2011 • 1

real estate

V

review Price isn’t everything.

WHO’S BEHIND YOUR HOME? Marcon has you covered. With every purchase we include: outstanding Customer Care (we set the industry bar), a move-in date you can count on and the best quality construction, thanks to our 26 years experience.Buy smart. BUY A MARCON HOME AT

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FALL 2,500 creMdOVE-IN (NEX

1 bdrm - 2 bdrms + den homes Huge patio or fenced ground floor yard

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Floating fireplace Parking + storage locker Superior soundproofing + rain screen Post-purchase Customer Care

MOVE IN THIS NOVEMBER

FROM $188,900 $663 PER MONTH* 5655 - 210A St, Langley. Open Sat to Thurs 12-5 604.534.6000 cornerstoneliving.ca

Sutton Group - * Express Realty

Based on 10% down, less $9000 decorating allowance, on a 2.2% variable rate mortgage amortized over 30 years. Visit our Discovery Centre for more details. Prices & offerings subject to change. E.&O.E.

Need mortgage financing?

Look no further.

Let me make it happen.

Joanna Barron Mobile Mortgage Specialist 604 614-1973 joanna.barron@rbc.com

Advice you can bank on

TM

All personal lending products and residential mortgages are offered by Royal Bank of Canada and are subject to its standard lending criteria. ® Registered trademarks of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. TM Trademark of Royal Bank of Canada.

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• The Langley Times • Thursday, September 1, 2011

Rudy Storteboom

Laurie Deacon

Maureen Rostas

Victoria Ponomarenko

Andy Schildhorn Personal Real Estate Corporation

Nina Gatchalian

Kristiana Dixon

Wes Jamison

Retire Rich(er) Wenda Russell

Catherine Phillips

Robert Heard

Kevin Jeannotte

Duane Marcum

A few years ago I had dinner with an old school chum and his wife. He had taken early retirement after a long and successful career with a major international company. He and his wife spent the next five years wandering around the globe. He climbed Mount Everest. Well, at least to the base camp with the help of 2 sherpa guides and some extra oxygen. They walked across England and all the way around Ireland on foot. It made a working stiff like me a little jealous!

I began to think about how a young person could accomplish that feat today (retiring early with money---not walking around Ireland on foot) with the uncertainties in this world that a young person is facing. If you’re thinking about buying your first home I’ve got an idea you should consider.

Firstly, the Bank of Canada is worried about the amount of consumer debt that Canadians are holding and they have been warning us that they are going to raise interest rates by as much as 1 ¼% as soon as the economy shows some more strength. And it will--- it always does eventually. Secondly, many first time home buyers are holding off purchasing their first home because they feel (hope) that prices will drop soon. Strangely enough, most people considering selling their home feel (hope) that prices will rise soon. Me? I have no idea---and I’ve been doing this for 30 years!

Lori Watson of Dominion Lending Centre tells me that a current mortgage rate for a 5 year term is 3.40%. If the Bank of Canada is correct, this may rise to 4.65%. Suppose that you, as a first time home buyer want to buy your first home today and want to take advantage of these lower rates. You find a nice townhome for sale for $300,000 and you purchase it with 10% ($30,000) down and a $270,000 mortgage with monthly payments of $1337 for the next 25 years. At the end of 25 years, you own your home and you have no more rent or mortgage payments.

Meantime your school chum waits a year to buy his first home because he believes prices will drop especially with higher interest rates and the reduced spending habits of consumers that the Bank of Canada’s actions have caused. And he’s right. In a years time he finds an identical townhome in your complex for only $270,000---a saving of $30,000. However his interest rate is 4.65%, as the Bank of Canada has indicated might happen. With 10% ($27,000) down and a mortgage of $243,000 his monthly payment is $1371. Looks like your friend got the better deal. Sure his mortgage payment is $34 more per month but he saved $30,000.

But, consider that you, in your wisdom and farsightedness, decided to pay your bank $1371 each month, the same as your friend. But the extra $34 was to go into an RRSP. 25 years later, your mortgage is all paid off and you have no rent or mortgage payment. Believe me, you’ll never know how good a feeling that is until it happens to you. But now it gets interesting. Over 25 years you have paid the bank $131,173 in interest. Next year your friend will pay off his mortgage but he will have paid the bank $168,433 in interest. His cost of borrowing will have been $37,260 greater than yours.

Comparing the 2 options although he saved $30,000 in price he spent an extra $37,260 in interest. Plus you had an extra year to put 12 mortgage payments totaling $16,044 in the RRSP. Plus, you have saved $34 a month for 300 months and earned compound interest (tax deferred), and taken a tax deduction of $408 every year for 25 years..

Okay now my head is really starting to spin. I can’t do that much math. But talk to Lori---she can, and she tells me the all-in saving is around $63,504. You might find you can afford to wander around Ireland, England, and climb to the base camp of Mount Everest on that extra money. After all, my school chum did.

Stewart Henderson Managing Broker email: stewarthenderson@macrealty.com

View all our listings online.

Plus FREE full MLS search too!

22424 Fraser Hwy. Murrayville Office Hours: Mon.-Sat. 9am-5pm

Leigh Turnbull

Mike Thibodeau

Roy Pereira

Brad Richert

Stewart Henderson

Kathryn Croutch

Donna Harper

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

Monique Papineau

Hugh Message

Joe Borlinha

Rosemary Papp

Melinda Biddle

Joe Ciulla

D’Arcy Jackman

Lindy Leclair

Michael Harris

Phil Hayes

Ellie Bishop

The Langley Times • Thursday, September 1, 2011 • 3

Family Complex, with huge green space Only 2 levels and separate parking Lovely 3 bedroom , 2.5 bath unit inside the project of family oriented Bridlewoods. Located between 2 schools, track, tennis courts, pool, and library and shops. This is an excellent location with single garage and separate driveway. New laminate floors on main, new carpet upstairs last year, and all bathrooms updated and renovated.

This is a great family townhome, pets under 22” welcome. www.seevirtual360.com/f1109419

$

324,800

#61 9045 Walnut G Grove Dr. Langley

Great deal for renovated 2 level in the Fort.

Entertainer's Delight!

This is a gorgeous home, many expensive updates inside, incl. new kitchen, island, hardwood floors, 2 gas fireplaces, deluxe master suite with dressing room.

Private yard, with huge patio, gas BBQ hook up and hot tub. Entertainers paradise, with open floor plan, quiet street, and privacy. Only 2 bedrooms but 1800 sq ft. RV parking also avail. and outdoor RV elec. plug. Private fenced, 8000 sq ft lot. Shop and compare, you can’t replace it at this price. www.seevirtual360.com/f1102366

$

699,800 8988 Royal St., St Fort Langley

2 bedroom apartment with private 2 car garage 2 large and private patios facing a green space This is a beautiful end unit backing onto green space, huge stone patio above ground, but at green space level. Laminate floors, gorgeous kitchen with window at sink and granite counters stainless appliances, and private 2 car garage. Park on the road and use garage as storage, or secure your vehicles. Extra $20,000 value for garage. Walk to shops and bus. Newer building, apartment is 810 sq ft. 1.5 baths, and one of two patios is 16’ X 10’ feet. One of a kind, unique property and must be seen.

$

254,900 106 5474 198 St., Langley

HALF DUPLEX - No FEES, No Rules 4 bedrooms, 4 baths, 3 floors Very nice, and Immaculate 3 level home, 2123 sq ft. Half duplex with large 3014 Sq ft. fenced lot. Park 3 cars at the back and there is street parking on 184 St. 4 bedrooms plus media room, 2 full baths and 2 half baths, 9’ ceilings, on main, large white kitchen boasts pantry and Island. Many closets. Great plan with generous bedrooms sizes and nice flow to the plan. A bathroom on each floor. Large laundry in basement. Great access to highways, and schools and shops. WHY Buy a townhouse, when you can buy this property without strata fees or rules. Move in condition, has garden shed, and covered patio. www.seevirtual360.com/f1108934

$

424,900 6726 184th St., St Cloverdale

Rebecca McDiarmid www.homeslangley.com

Homelife Benchmark Realty Walnut Grove #201 - 20999 88 Avenue, Langley, BC V1M 2C9

2 BR & 2 Baths starting at $224,900 (incl net HST)

Office: 604-888-7424 Toll free: 1-877-623-6986 rebecca@homeslangley.com

65% Sold

Langley City Foreclosure

Cul-de-sac

three designer display suites ites open daily 1-4pm (except fridays) 385,900

$

9 ft ceilings with crown moulding

stainless steel appliance package

granite countertops

in-suite storage

778.278.2291 info@bluhomes.ca

www.bluhomes.ca 20630 Douglas Cres.

Langley, BC V3A 4B8

Langley City home located close to schools & shopping. OCP calls for MEDIUM DENSITY. Move in now and nd reap the rewards later. Some renovations done inn the past, still needs some work. Great for someone with handyman skills. Great opportunity for investors & positive cash flow possible! Accepted offer pending Court approval. Other offers welcome. Call for details.

424,900

$

Large 3 bed & 3 bath rancher on 1/4 acre in nice area of East Abbotsford. energy efficient home with new 40yr roof, new insulation, new Lennox furnace & heat pump! Other updates include: new lino flooring in kitchen & bathrooms, 3 new toilets & fixtures, newer garburetor & hood fan. Also features; 2 skylights, gas fireplace, covered sundeck, crown moulding & laminate flooring. Gardener's paradise, lots ots of lush plants and shrubs in the park like yard. Very private fully fenced back yard with view of Eagle Mountain. Call Today!

Multiple Offers Multiple Offers SOLD OVER LIST! SOLD OVER LIST!

Listings Wanted!

Great time to SELL, Combined 25 years Real Estate Experience in Langley!

Morningside Estates

267,000

$

Morning orning Side Estates. 2 Bed & 2 Bath End Unit in 45+ Adult ult Complex. Features beautiful stone faced gas firreplace, ce, vaulted ceiling, sky-lite & 3 piece ensuite. Some Som updates also dates include: carpeting, paint, washer & dryer, als thee roof has been changed for peace of mind. Small 18 unit self managed complex, close to shopping, golf golf, seniors niors centre. Fast completion possible.

Multiple Offers!

SOLD!

Marketed by Paul Goddard, Cody Medjuck & Sara Ashcroft

Visit our website for more photos

Homelife Benchmark Langley (604) 530-4141

RE/MAX Treeland Realty 101, 6337 198th Street, Langley T: 604.533.3491 F: 604.533.0202 E: brigittesooke@remax.net / toddmesher@remax.net W: www.brigitteandtodd.com Each office Independently Owned and Operated. This communication is not intended to cause or induce breach of an existing agency agreement.

• The Langley Times • Thursday, September 1, 2011

award -winning waterfront estate homes from Canada’s Top Homebuilder

ALREADY 40% SOLD

introducing headwater at bedford l anding A distinguished collection of 4 & 5 bedroom waterfront estate homes in the heart of historic Fort Langley.

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3,760 – 4,040 sq. ft. from $ 1.215m, plus applicable hst Visit our fully furnished Headwater Showhome Open weekends 12 – 5 pm 23149 Muench Trail, Fort Langley 604.888.2793 www.parklane.com prices subject to change withou t notice . e&oe .

The Langley Times • Thursday, September 1, 2011 • 5

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• The Langley Times • Thursday, September 1, 2011

AL RE AD YO VE R4 0% SO LD

NOW SELLING!

Waterfront apartments from $244,900

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. Come view our brand new Presentation Centre and professionally decorated show suite.

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Presentation Centre Open Daily 12 – 5PM 9275 Glover Road, Fort Langley 604-888-2793 Prices are subject to change without notice. E.&O.E.

PARKLANE.COM

The Langley Times • Thursday, September 1, 2011 • 7

OFFICIAL GRAND OPENING & FINAL RELEASE! SEPTEMBER 17TH NOON SHARP!!! (RSVP TODAY!)

('*(:$7(5 1 Bedroom

Starting from $225,900

1 Bedroom + Den Starting from $247,900 2 Bedroom

Starting from $336,900 NET HST INCLUDED*

REGISTER TODAY TO SECURE YOUR SPOT! Due to the unprecedented success of Edgewater, we’re releasing the fi nal homes this fall! A special place for a luck y few… this stunning collec tion of l u x u r i o u s a n d i n s p i r i n g h o m e s i n S o u t h S u r r e y p e r f e c t l y c o m p l e m e n t t h e spec tacular resor tlike setting. Spacious open floorplans, beautifully appointed interiors and large view decks or patios offer the perfect place to live a beautiful and privileged life.

$ 89,700

$ 184,900

REDUCED

$ 1,150,000

5127 Browne Road Equestrians!!!

4 Bedrooms, 2 Baths

$ 588,700 REDUCED $1,999,700 REDUCED $ 449,700

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36 ave

OPEN 12-5 DAILY

Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd.

Sec 1 Discovery Island 203-2414 Church Street 204-34101 Old Yale Centrally Located Two Large Patios Private Island Setting 1 Bedrooms, 1 Bath 2 Bedrooms, 2 Baths on Coast of Victoria

$ 749,800

kl

604-535-9655

Prices and promotions subject to change without notice. Net HST included for owner occupier only. E. & O. E.

$1,090,000

RSVP TODAY FOR OUR GRAND OPENING CELEBRATIONS.

152 st

edgewaterliving.com

With 11 acres of Edgewater’s 14 acres dedicated to waterscapes and natural green space - overlooking the scenic Nicomekl River and close to South Surrey’s fabulous amentities, you should be prepared to have your expectations notonly met, but wonderfully exceeded!

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( E XCEPT FRIDAY’S )

$ 698,000

5174 Willet Road Peaceful 4.68 Acres 4 Bedrooms, 3 Baths

700 0 $ 157,700

SOUTH SURREY

$ 189,900 REDUCED

196-32550 MacLure Rd Fully Fenced Yard 3 Bedrooms, 2 Baths CALL TODAY

OPEN HOUSE SAT-THURS 1-5 27618 Roundhouse Large & Beautiful 7 Bedrooms, 7 Baths

13088 Sylvester Road Peaceful 10 Acres 3 Bedrooms, 3 Baths

1315 Lynn Rd Tofino Fantastic Getaway Chesterman Beach

45330 Crescent Drive 212-12130 80th Ave Investment Opportunity! Spacious Condo 10 Bedrooms, 6 Baths 1 Bedroom, 1 Bath

NEW DEVELOPMENT FOXWOOD! 2 Storey Walk Out Basements

8

• The Langley Times • Thursday, September 1, 2011

$10,0

0 PROM 0 ON NO O W*

PHASE 1 phase 1 – 70% sold

3 & 4 bedroom townhomes in murrayville Established neighbourhood. Close to city amenities . inspired by rich heritage, contemporary design and community values, Winchester

by ParkLane is an exclusive collection of Craftsman-style townhomes located in the heart of Murrayville—one of Langley’s most beautiful and sought-after communities.

move in now from $329,900 Incl. net hst Open 12 – 5 pm Daily 21867 - 50th Avenue, Langley 604-533-1886 www.parklane.com

prices subject to change without notice. e&oe. *please contact a sales representative for details.

The Langley Times • Thursday, September 1, 2011 • 9

- F E AT U R E H O M E S A L E !

S E D V SA SAN U O TH

Don’t Miss Out On Our Spectacular Feature Home.

Our 4 bedroom Weaver plan on lot 24 is the perfect family home with a den at the front that easily converts to a library, work space or music room. Large XJOEPXT BMMPX OBUVSBM MJHIU UP nPX JOUP UIF IJHI PQFO DPODFQU HSFBU SPPN BOE UIF LJUDIFO T FYUSB MBSHF HSBOJUF JTMBOE JT JEFBM GPS FOUFSUBJOJOH BOE RVJDL meals on-the-go! The Master retreat is a special place that will make you feel like you are at a resort without even leaving your own home! And just in time for summer, this home also features a huge back yard perfect for BBQs with family and friends.

S AV E T H O U S A N D S !

Feature Priced at

$549,900 Including HST

Tour Our 3 Fully Furnished Show Homes and See Your New Home Today!

Sales Centre Open Daily 12-6 (except Friday) 29363 Bordeaux Terrace (at Simpson Rd.) Abbotsford | 604-856-1118

ABBOTSFORD WEST

LANGLEY CITY LARGE 2 BEDROOM APARTMENT.

SOUTH LANGLEY WATERFRONT ACREAGE - GREAT FOR BUILDING!

ALMOST NEW BASEMENT ENTRY WITH 5’6 CRAWLSPACE!

INVESTORS ALERT!!

This is one spotless home. You will love this virtually new 4 bedroom home. From its gleaming hardwood oors to the maple kitchen this has what you need and want. Plus you will love the one bedroom suite for inlaws. And don’t forget about the storage available in the 5’6 crawl space.

27691 Lantern Avenue, Abbotsford $

489,000.00

Are you looking for a great building close to everything that you can call home? This is it. This bright, South facing unit is perfect. Located in a quiet building on the ďŹ rst oor but not ground level this one will impress with two large bedrooms, and 2 full bathrooms close to all amenities including shopping and downtown.

This one is not to be missed.

This lake front property has all kinds of potential. Develop it or build your own dream home. In the meantime enjoy the lake front acreage located on a quiet cul-d-sac in South Langley by living in the 3 bedroom 2 bath manufactured home whose updates include a newer hot-water tank, roof and approximately 1200 square feet of living space.

#106-5450 208th St., Langley.

NEW PRICE $

209,900.00

19680 18th Ave., Langley. $ BRING YOUR OFFER!

New Price!

799,000.00

Verne Stel

REMAX ALDERCENTER REALTY

604-857-1100

26641 FRASER HWY, ALDERGROVE

10

• The Langley Times • Thursday, September 1, 2011

IN BU R Y IG & H M T O AW VE AY !

The Langley Times • Thursday, September 1, 2011 • 11

EVERYONE’S TALKING ABOUT MORGAN CROSSING’S MOST EXCLUSIVE ADDRESS. SQUARE FOOTAGE YOU CAN LIVE IN, 856 SQ FT FROM

349,900

$

*

REGISTER NOW AT thesummithouse.ca

OPENING SEPTEMBER 24TH 15850 26th Ave. South Surrey V3S 2N6 604.541.4705 | thesummithouse.ca

THE SUMMIT HOUSE IS A TRUE CUT ABOVE IT ALL: - Epic 9-11’ high ceilings inside.

- Get breathtaking mountain views and endless vistas from select suites.

- A staggering outdoor rooftop oasis that is over an acre in size.

- The Steve Nash Sports club is downstairs.

- The village features nearly 3,000 wine bottles and gourmet ingredients.

- Boutique shopping and that distinct village easy living feel.

*Plus applicable HST and subject to availability. Prices and specifications subject to change without notice.

This is not an offering for sale, such an offering can only be made by way of a Disclosure Statement. E.&O.E.