February 24/2011
…Golf course views. Foxridge Homes is bringing a brandnew community to life overlooking the Surrey Golf Course. Entitled The Links, the single-family detached homes are new and each is unique, as there are dozens of house styles. [5]
SEE PAGE 5...
FEATURE
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Murrayville is a community with a lot of character,” says ParkLane Homes chief operating officer Ben Taddei, onsite at the company's new Winchester development in Langley. Winchester is just one of the many new-home developments that Metro Vancouver builders are working on in 2011.
Branch of BC housing
GVHBA’S 17TH ANNUAL
Whole lotta building going on
TRICIA LESLIE
Homebuilders aren't holding back on building new homes in 2011. At least, not in Metro Vancouver. While other parts of the country and housing markets throughout the world are still struggling to recover from the global economic downturn, Vancouver is experiencing lineups for new-home launches, increasing average home prices and bidding wars on prime – and not-so-prime – properties.
In his most recent Monday Morning Briefing, Greater Vancouver Home Builders' Association president and CEO Peter Simpson notes that "highselling prices for knockdown 'clunkers' are commonplace in hot Vancouver locations." In the Mount Pleasant neighbourhood – an area that includes the Vancouver neighbourhood increasingly becoming known as SoMa, or South Main – Simpson says two lot-valueonly properties sold for $728,000 and
March 22, 2011 FIRST-TIME Tuesday, Sheraton Vancouver
HOME BUYER
SEMINAR
Guildford Hotel, Surrey Seminar will take place from 7 - 9 p.m.
Attendees are invited to arrive at 6 p.m. to get a wealth of information on new-home developments, mortgage information and other homebuying information.
Although the seminar is free to attend, GVHBA encourages attendees to bring a non-perishable food item to donate to the Surrey Food Bank.
Register for this seminar online at www.gvhba.org or call 778-565-4288
$868,000; both were on the market less than a week. In the same period, six lot-value-only properties on the West Side sold for an average of $1.7 million each, Simpson says. Local builders are showing their confidence in the region's housing market by launching multiple new projects throughout the Lower Mainland, he adds. One such builder is ParkLane continued on page 2
…and now New Local Home is on Facebook…
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