BURNABY
WEDNESDAY, WEDNESDAY, JANUARY APRIL 20, 27, 2016
TRI-CITIES
info@rew.ca • 604-435-7977
Looking to BUY or SELL a home? To assist you in making the best decisions, a professional Realtor can provide the most up to date information on the real estate market, price, financing and comparative properties in your area.
R E A L E S TAT E W E E K LY
Find your EXPERT Real Estate professional right here in REW.ca!
HOW TO CREATE A
SECLUDED OUTDOOR SANCTUARY S
ummer is just about upon us. You might already be daydreaming of those lazy sunny afternoons, kicking back with a good book on your patio chair, hidden away from the prying eyes of your neighbours. But what if your outdoor space is completely exposed to onlookers? “There are many great solutions to privacy issues. But first off, if you live in a home and want to put up a very high fence, you must get a hold of the city bylaws,” says Ray Evenson, owner of West Coast Modernscape. “Most municipalities only allow for six-foot-high fences. However, if you want to put an eight- or 10-foot screen close to the fence, there are no bylaws that will prevent you from doing that.” Evenson went on to say: “If you live in a condo or townhome, there is probably a strata body with some restrictive covenants that may require you to get permission before altering your outdoor space.” Now you know the bylaws and are ready to get started, REW.ca has uncovered a host of ways that you can add seclusion to your outdoor space.
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to instantly boost your deck, balcony or patio’s appeal, while adding privacy. “You can recreate that boutique –hotel-cabana vibe with lightweight curtains, which still allow sun to filter through,” adds Ewen. “For a more dramatic effect, choose heavier drapes.” A secluded wall made out of bamboo trees feels especially private and is perfect for our natural West Coast look. “Bamboo adds height and a contemporary style to the outdoor spaces it beautifies,” she adds. If you live in a condominium with neighbours above you, retractable pergolas can offer great overhead privacy. “A wall of tall planters filled with sculptured boxwood looks simply stunning, and produces a bold, manicured statement,” adds Ewen. “A living wall with plants also looks fabulous.” Add privacy and shade to a covered deck by layering hanging pots. “Trailing plants like ivy are excellent fillers, but just about any full plant or flower will work to suit the season.”
Ray Evenson Janette Ewen Interior designer and frequent guest on Canada AM, CityLine, Breakfast Television and Urban Rush ■ Define your outdoor space with airy, flowing curtains
GO TO
REW.CA /NEWS TO READ THESE STORIES AND MUCH MORE REAL ESTATE NEWS AND ADVICE
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Owner, West Coast Modernscape ■ When it comes to fences, they range from private (solid tongue-and-groove or board) to semi-private (slat, picket, spindle or lattice)
Vancouver and BC Home Price Rises to Continue Through 2018: Central 1
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Create privacy in your garden with dense hedges, thickly branched evergreens, or fast-growing tall plants. For a more natural-looking barrier, that is also low-maintenance, use shrubs planted close together, producing the effect of a screen. “Cedar hedges are great and inexpensive but remember they take up a lot of room and grow fairly large … they need to be continuously trimmed,” he adds. “You might consider a yew tree which grows high, is thick, hardy and looks good.” Another great option is black stem bamboo. It doesn’t take up a lot of “prime outdoor real estate.” For DIY lovers: create your own fabric screen. “Stretch some outdoor fabric really tight and staple it on a wood frame, which you can purchase at any landscaping store. It’s inexpensive and won’t mold.” When it comes to portable screens, the sky’s the limit. They come in a myriad of colours, textures and are available in just about any material. “I like to integrate hedges in between each screen pane,” adds the award-winning landscaper. A lattice screen covered in flowering shrubs, roses and vines add more privacy as the lattice becomes a raised backdrop. A linear slate wall can turn an area into a romantic hideaway if you add candles to it.
City Hall Approves Next Steps for Affordable Home Ownership Pilot
Total BC Home Sales in March Eclipse Previous All-Time Record: BCREA
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R E W.ca » B U R N A BY / T R I - C I T I ES » W E D N ES DAY A P R I L 2 7, 2 0 1 6
Monet TYLER
Sussex
2015
2015
#10 Royal LePage Realtor in BC 2015 #1 Royal LePage Realtor for Tricities in 2015
monet@monettyler.com NEW LISTING
❚
604.763.4307
NEW LISTING
10 Alder Drive
$1,198,000
www.monettyler.com
❚
NEW LISTING
116 2200 Panorama Drive $748,000
913 Wallace Wynd
$1,188,000
4 Aspen Court
SOLD 133-2000 Panorama Drive $583,000
2 Kingswood Court
Tony Alves
$2,288,000
Teresa Pang
604.889.7008
604.617.0189
Centre Realty 604.435.9477 www.tonyalves.ca • aalves@sutton.com
pangt@sutton.com
$1,578,000
SOLD
38-15 Forest Parkway
$738,000
303 April Road
$1,288,000
That moment when you get a great mortgage rate and up to $1,000.
2307 ROGERSON DRIVE, COQUITLAM • $1,368,000 OPEN HOUSE 4 PM AY 2SATURDAY & SUND
Spacious 3250 sf home A unique and rare find in a very desirable area of Chineside Coquitlam. This three level home has a beautiful view from all three floors displaying Grouse Mountain and Seymour. Top floor has 6 bedrooms including fireplace, walk in closet, bay window and ensuite for the master bedroom. Additional washroom on top floor has 4 piece, including double pedestal sinks and plenty of storage with 2 hallway closets. Middle floor with flat driveway entrance has office, living room, dining room, laundry room (newly updated) with new appliances & filtration under counter. Also, 2 piece powder room and kitchen (newly updated) with island and 36” gas barbeque stovetop. Floors beautifully complimented with imported Italian porcelain tile and ¾’ solid oak floors throughout. All pocket doors are glass with designer glass for livingroom entrance & front door. Living room features surround sound Pioneer system, a marble surrounded wood burning fireplace and extensive moulding which is carried throughout entire house. Entire basement newly renovated with updated plumbing and electrical has 2 bedrooms, washroom, tool room and entertainment room with wet bar and electric fireplace (can be converted back to in-law suite). This ready move in home delivers a few luxuries such as alarm system, new built-in-vacuum, 2 outdoor levels of entertainment area, one with hot tub in private beautifully landscaped lot. Also has waterfall, pond and 8 zone irrigation system for your outdoor pleasure.
TM
Members Get It Mortgages With a Members Get It™ Mortgage, you’ll feel like a winner. Not only do you get a great low rate — you also get up to $1,000 in Help Extras™ to put towards an investment like an RRSP or a Tax-Free Savings Account3. Then when it’s time to renew, members get even more Help Extras™. It’s win-win-win. For more info, call 1.888.517.7000, visit us online, or one of our friendly neighbourhood Mobile Banking Specialists can come to you.
2 .4 0
%
1,2
5-year variable mortgage rate
1 Closed, residential first mortgages only. Interest rate and approval based on risk profile. Additional fees may apply. If fees apply, the Annual Percentage Rate (APR) could increase. Rates subject to change without notice. 2Initial interest rate and APR, compounded monthly. 3Some conditions apply for Help Extras™. Contact us for details.
R E W.ca » B U R N A BY / T R I - C I T I ES » W E D N ES DAY A P R I L 2 7, 2 0 1 6
Brookside Realty
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Chad August 604.318.5254 WWW.CHADAUGUST.COM chadaugust@shaw.ca
$1,499,900
ATTENTION DEVELOPERS
NEW LISTING 2271 LATIMER $949,900
11920 228TH STREET $2,660,000
LD O S T JUS R2053953 - One of Coquitlam's best neighbourhoods - 4 bed, 2 bath, 1986 sqft
1214 Crest Court, Coquitlam Newly renovated corner lot home in Harbor Chines! Kitchen has been updated with granite counter tops and new appliances. Detached heated work space, with plumbing rough in. Suite was beautifully renovated in 2011. Move in or build your dream home on this street of dreams!
1. Size = Just under one acre 2. Zoning = Highrise potential 16-19 storeys 3. Location = Steps to town centre and malls 4. Value = Compare to other areas 5. Profit = Call me and I will show you how
- 7168 sqft
Call today for an information package
NEW LISTING
UNDER CONSTRUCTION
402-12020 207A $299,900
26425 121ST AVE, MAPLE RIDGE $1,599,900
V1143168
• Incredible 2 bed, 2 bath, 2 parking stalls • 10 ft ceilings and amazing open concepts • Great location, just steps from all West Side amenities
- 4 bed, 4 bath, 5200sq ft master on main - 1 acre lot in prestigious forest hills - Rare detached shop/garage - Only the best in material and finishings
SSusan Ninow
KIM WOODLEY
604-909-0111 www.SusanNinow.com
TOP 1% of Royal LePage National Network of Realtors
604-657-9323
Helping you is what I do!
5 GREAT REASONS TO COME TO MAPLE RIDGE
Susan@SusanNinow.com
Westside 201-2107 West 40th Ave.
Sterling Realty INDEPENDENTLY OWNED AND OPERATED
MASTER 6 Years
NEW LIS
OPEN SAT 2-4 PM
TING!
CENTRAL COQUITLAM PENTHOUSE - 2 BEDROOM Condo! $259,000 #504 - 9847 Manchester Dr Rarely available! Penthouse level with only 4 per floor! Centrally located and affordable! Spacious updated contemporary home featuring over 880 SF! Featuring an open kitchen with granite counters and newer appliances. Enjoy your morning coffee and bask in the morning sun on your 188 SF Balcony! Just painted and ready for to move in! Perfect for the 1st home buyers and downsizer! Family and Pet Friendly! Investors welcome! Steps to Lougheed Mall, Skytrain and transportation. No cars required here! Call Susan for your private viewing! www.SusanNinow.com/389
“Results through Experience and Integrity” OPEN APR 30th/MAY 1st 2-4 PM
2020 Winter Crescent Pristine Executive three level home in choice Central Coquitlam neighbourhood. This cul-de-sac home boasts four bedrooms, three bathrooms, three car garage with a 7,000 sq ft private, fenced, yard on lane. Features faulted ceilings, skylights, fully landscaped front yard, new fence (1 yr), new asphalt/fiberglass roof (1 yr), newer HWT and more! Walk to all levels of education and bus to SFU. Centrally located to all amenities, shopping, parks, etc. List Price $1,338,800
Looking for a New Brokerage? Receive the highest level of support from our experienced Managing Broker. NO FRANCHISE FEES THREE EXCELLENT FEE PLANS STRONG SUPPORT
Roloff Veld
Phone now for a complimentary market evaluation.
www.kimwoodley.com * kimwoodley8@gmail.com
Managing Broker
Contact Roloff at 604-782-7327 or roloff@evergreenwestrealty.com 206-1120 Westwood Street, Coquitlam BC, V3B 7K8 T: 604 942 1389 www.evergreenwestrealty.com
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R E W.ca » B U R N A BY / T R I - C I T I ES » W E D N ES DAY A P R I L 2 7, 2 0 1 6
www.dexterrealty.com 604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale OPEN SAT 1-3PM
$289,000
$268,900
★ADJACENT TO EVERYTHING! Spacious & bright 805 sq.ft. 2 bdrm & bath. Large South facing balcony overlooking the parklike setting, perfect for walking your small dog. Strata fees incl. heat, hot water, parking, storage, laundry, live-in caretaker + f/p gas. Walk to shops, bus & skytrain. 323-7055 WILMA STREET
Su-Marie Baird 604-786-1305
UPTOWN NEW WEST
Enjoy morning coffee on your balcony with views of Mt. Baker! This immaculately maintained 2 bedroom / 2 bathroom South East corner unit has vaulted ceilings, gas f/p, h/w floors, in-suite laundry, storage locker and 2 parking. Bright and spacious, this home has everything you need and a floor plan you will love. Centrally located within walking distance to transit, shops, restaurants and schools. Pets allowed but rentals at max. Call today for your private showing.
402-1035 AUCKLAND ST.
Linda Hale 604-889-9983
$1,950,000
NEW LISTING
Taking our Listings Global
Eight bedroom / 3 bath home. Updated electrical, plumbing, windows, roof & fire system. Zoned for duplex. Huge lot (73ʼ x 143ʼ). Quiet Street. 7490 14TH AVENUE Grace Kreykenbohm 778-998-4523 Robin Hill 604-340-4000
★ 0PEN SAT/SUN 2-4PM Stunning 2 bed garden level, 2 private fenced patios. Located between Highgate and Metrotown. Large insuite storage, secured parking. A MUST SEE. #106-6105 KINGSWAY Nick Moroso 604-562-6106
$398,000
$388,900
SPACIOUS CONDO WALK TO EDMONDS SKYTRAIN
CHARACTER HOME
$259,000
NEW LISTING
2 BDRM / 1 BTH plus Den with 2 patios. 844 Sq.Ft.. 13 years old, 1 PKG / 1 LOCKER. Rentals and pets Permitted. Lots of street parking. A SPACIOUS & bright ground floor unit, TOWNHOME ENTRY with excellent LAYOUT. Tasteful colours, hardwood floors in living area & new carpets in bdrms. Rare HUGE crawl space below home. RIVERSTONE complex by ADERA. PROACTIVE STRATA. www.homeswithgrace.ca
#3-7128 STRIDE AVENUE Grace Kreykenbohm 778-998-4523 Robin Hill 604-340-4000
RESORT LIFESTYLE AT KLAHANIE Beautiful SUNNY 2 bdrm, 2 bath unit in SAHALEE. Laminate floors, S/S appliances, granite counters. Floorto-ceiling windows overlooking LOVELY treed courtyard. Full use of the fabulous CANOE CLUB with over 15,000 sq.ft. of amenities, including outdoor pool, tennis courts, media/games rooms, large party rooms. 2 parking stalls and locker. Donʼt miss this opportunity to become part of this coveted neighbourhood. www.fannywong.ca
Find Your Dream Home Anywhere, Anytime
TRY OUR NEW REW.CA MOBILE SITE
502-651 NOOTKA WAY
Fanny Wong 604-328-2380
Candace Filipponi
Brooke Alexander
604-809-4403
604-813-1044
DEXTER A SSOCIATES www.cfilipponi.com R EALTY candacefilipponi@gmail.com OPEN SUN 2-4PM $888,000
★
BRIGHT & SPACIOUS HOME!
JUST LISTED
$1,130,000
NEW LISTING
End 1362 sq ft, 2 bdrms, 2 bths, make it your own! 350 sq ft priv patio w sep entry & 2 parking. Insuite laundry, kingsize master & large ensuite.
CASCADE WEST ONE BDRM CONDO
Stylish, beautiful family home in Popular Summit View. Very desirable layout. Rancher with a finished basement! Open, functional plan, formal Living/Dining room, cozy kitchen with Family room & fireplace, 2 bedrooms up with 2 full baths. Downstairs has many options to convert to a 2 bedroom suite if desired. Private back yard with great summer deck! Call Candace to view.
Centrally located at the “Boundary” area of Burnaby/Vancouver. Cheerful one bedroom suite facing West. Cozy gas fireplace, good-sized balcony overlooks beautifully landscaped, peaceful grounds. Comes with a storage locker and parking spot. Call Candace to view this fabulous suite!
1878 LANGAN AVE., POCO
2559 BLUEBELL AVENUE
#208-3770 MANOR STREET
LOUIS DUPUIS
604-318-9566
SPACIOUS SUITE, LARGE PATIO, AMAZING LOCATION!
$264,800
Great lay-out for family living, 3 bedrooms on the main floor, 2 full baths. Huge kitchen with family room and gas fireplace. Great master with walk in closet and 4 piece master bath. Downstairs has a 2 bedroom secondary suite with 3 piece bathroom gas fireplace shared laundry. 2 car garage with lane access.
MARILOU APPLEBY
DEXTER ASSOCIATES REALTY
604-842-3066
1A - 501 COCHRANE AVE Brooke Alexander
$354,900 604-813-1044
JUST LISTED
604-649-7040 LORI PETTIGREW
www.YourRealtyDreams.com
DEXTER ASSOCIATES REALTY 6975 ARCOLA ST.
$1,188,000
SMART MONEY LANDS HERE Solid mature beauty is ready to go. This well-cared for 5 bdrm/3 bath family home has many options for the astute buyer. Ask me about possible land assembly. Close to great schools, shopping and transit. Private viewing only.
ALAN YASIN
DEXTER ASSOCIATES REALTY NEW LISTING
$235,000
RENOVATED & HUGE FENCED PATIO
SOLD OVER LIST PRICE
Investors & First Time Buyers – This fabulous 1 bed condo is for you! Great home; great value; great investment. Well managed building. Desirable Brentwood neighbourhood on tree-lined street. Short walk to Brentwood Mall, skytrain, restaurants. Springer Park across the street. A MUST SEE!
Fabulous 2 bedroom plus office with tasteful updates. Large, bright balcony. Well managed building. Desirable neighbourhood on tree-lined street. Short walk to Brentwood Mall, skytrain, restaurants. Springer Park across the street
#104-1945 WOODWAY PL.
#208-1945 WOODWAY PL.
R E W.ca » B U R N A BY / T R I - C I T I ES » W E D N ES DAY A P R I L 2 7, 2 0 1 6
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Darlene Lenfesty 6 0 4 . 6 1 9 . 8 11 9
BA Cmns
A wealth of experience working for you. LD SO
LD
FEATURE HOME OF THE WEEK 4630 Northlawn Drive
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$2,488,000
663 Hailey
1519 Marine Crescent
LD SO
LD
PRIME BRENTWOOD PARK Quality Feature Home “NEW ON MARKET”!
SO
Open House Sat April 30 & Sun May 1 from 2-4pm 5841 Mayview Circle
Quality 4 bedroom family home on one of Brentwood’s finest tree lined streets. Offers beautiful views of North Shore Mountains, City Skyline & Park. Recent luxury renovations & upgrades: new gourmet kitchen, air conditioning, skylights w/ remotes, new roof & windows so much more! Detached fully finished custom garage adds flexible living space. Private back yard & gardens wonderful new hot tub to enjoy. Suite potential. Comfortable in-law accommodations down.
277 West 1st Ave
#1 - 5050 Kingsway Burnaby BC V5H 4C2
Hassenn ‘The Good Guy’ 604-802-4454
GEORGE GOMORY
‘Your Trusted Real Estate Advisor For Life!" www.TheGoodGuy.ca
JUST LISTED
FREE HOME EVALUATIONS
Hassenn Khaseipoul
RE/MAX All Points Realty
PERSONAL REAL ESTATE CORPORATION
JUST LISTED
Call Now!
COMING SOON
326 Hume St., Queensborough
604-765-7653 7725 Berkley, Burnaby Lake
$899,000
Port Coquitlam $799,900
Coquitlam $289,900
Port Coquitlam $998,800
Investors Alert, This 5 bed home with a huge lot with backlane is great holding investment property. The OCP shows potential for ROW townhouses! Lots of updates such as roof, windows, h/w tank, and more.
Unique features! This 2 bed, 2 baths, and 2 parkings offers a luxury living with almost 1000 sqft backyard; located in prestigous Westwood Plateau.
Perfect Home! 4 bed, den (could be 5th bed), and 3 baths, double car garage; back into greenbelt and in a quiet family Cul-de-Sac. 5 mins drive to HWY 1, costco, skytrain, Westcoast Express.
SOLD
OPEN SAT 2-4 Lovely 2700 sqft home built in 2005 with 6 bedroom, 4 bathroom home with 2 bedroom legal suite down
www.GeorgeGomory.com
2400 sqft home on 110 x 98 R2 zoned building lot.
www.GeorgeGomory.com
604-6152 Kathleen, Metrotown
SOLD
1001 - 3007 Glen Dr. North Coquitlam
SOLD
.com
www.
OUTSTANDING AGENT
604-275-9787 patsy@patsyhui.com WESTCOAST
... OUTSTANDING RESULTS
73 Sales so far in 2016!
RECIPIENT OF RE/MAX LUMINARY OF DISTINCTION AWARD
Spacious 2 bed, 2 bath corner condo in a no pets, no rentals, 16+ building
New "never lived" in 1 Bedroom and Den Condo with 630 sq.ft. Rentals OK, Pets OK Close to coming SkyTrain, Mall, restaurants
www.GeorgeGomory.com
www.GeorgeGomory.com
8052 Willard, Big Bend
156 14600 Morris Valley Rd. Mission - Lake Errock $755,000
$1,695,000
$92,000
2858 SQʼ 2-LEVEL 3-BDRM
PH1-6888 STATION HILL DRIVE Best of the BEST WORLD CLASS 3-bedroom (or 2-bedroom + den) PENTHOUSE in prestigious “SAVOY CARLTON”. Conveniently located in BURNABYʼS SOUTH SLOPE. Quiet & serene setting with GORGEOUS UNOBSTRUCTED EAST, SOUTH & WEST VIEWS from 1267 sqʼ wrap-around balconies. 2858 sqʼ 2-LEVEL LUXURY LIVING with permit rebuilt in 2005 featuring tastefully designed CHEFʼS DREAM KITCHEN, baths, custom millwork, hardwood flooring, built-ins & more. FOUR PARKING STALLS & TWO LOCKERS, A RARE FIND. Well maintained & VERY WELL MANAGED COMPLEX with Award Winning amenities (indoor swimming pool, hot tub, sauna, pool table, gym, theatre & library). A MUST VIEW if you are looking for the best in town!
Large 42x251 lot. Zoned Small Holdings District A2. Ideal for single family home.
Trailer on Strata Pad in great year round vacation spot, Golf, Ski, & Fish.
www.GeorgeGomory.com
www.GeorgeGomory.com
SELL YOUR HOME FASTER AND FOR MORE MONEY With George Gomory’s Guaranteed Homeselling System RE/MAX Central #1-5050 Kingsway, Burnaby (604) 433-2211 Office Each Office Independently Owned & Operated
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R E W.ca » B U R N A BY / T R I - C I T I ES » W E D N ES DAY A P R I L 2 7, 2 0 1 6
Our mobile banking specialists are conveniently located.
New Listings Direct to Your Inbox
GET YOUR FREE PROPERTY ALERTS
Meet Aylita Ashraf your local Coast Capital Savings Mobile Banking Specialist. Aylita will come to you where you are, whenever it works for you. Because when it comes to mortgages, you don’t always have time to visit a branch. She can bring you our best products and rates on new mortgages, renewals, and even construction or development financing. So give Aylita a call, she’d love to help. Aylita Ashraf 604.312.0820 aylita.ashraf@coastcapitalsavings.com coastcapitalsavings.com
R E W.ca » B U R N A BY / T R I - C I T I ES » W E D N ES DAY A P R I L 2 7, 2 0 1 6
PAUL BOENISCH 604.908.2685 pboenisch@sothebysrealty.ca paulboenisch.com
Open Sat April 30th & Sunday May 1st 2:00-4:00pm
Gorgeous property in Central Park - Garden Village! 4064 Burke Street, Burnaby, BC 4 Bedroom 2 bathroom Fabulous home located in Central Park, Garden Village! This well maintained 4 bedroom 2 bathroom home featuring beautiful oak floors and a 3 year old roof is situated on a very sunny, large 6230 sq. ft. property with 70ft frontage and lane access. All day sunshine and lovely VIEWS of the North Shore Mountains would be improved or become AMAZING by adding a floor or rebuilding. 4064 Burke is situated just mins away from top local schools, Metrotown, BCIT,The Patterson Sky Train Station and fantastic restaurants/shopping.This is an ideal property for a young family or someone wanting to build their dream home.You can’t find a better property in a more central location. Don’t miss it!
Contact Paul today for additional info or a private showing LOCAL EXPERTISE, GLOBAL CONNECTIONS.
Offered at $1,598,000 604.908.2685 pboenisch@sothebysrealty.ca paulboenisch.com
Sotheby’s International Realty Canada, Independently Owned and Operated. E.&O.E.: This information is from sources which we deem reliable, but must be verified by prospective Purchasers and may be subject to change or withdrawal.
5244 Cambridge Court, Tsawwassen $1,095,000
#1 Top of your list... exceptional location in central Tsawwassen within walking distance to parks, running track, schools and transit. Spacious rooms throughout this 5 bedroom home with separate office, recreation room, family room, dining room, living room, eating area, laundry room and more. Move in and enjoy the benefits of this two level home with a nice floor plan. 3 bathrooms, 3 fireplaces, double garage. This beautiful home is located in a very quiet cul-de-sac. Truly an urban oasis within minutes to community amenities, shopping and local restaurants. Total living area of 3042 square feet. MUST SEE TO APPRECIATE.
MICHAEL K. CHIANG (C) 604-657-7266 Sutton Group - West Coast Realty
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70% SOLD OPENING WEEKEND
SAVE UP TO $15,000
PENTHOUSE COLLECTION NOW AVAILABLE
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R E W.ca » B U R N A BY / T R I - C I T I ES » W E D N ES DAY A P R I L 2 7, 2 0 1 6
VANCOUVER LUXURY. ABBOTSFORD PRICES. FROM THE MID $200’S GENEROUSLY SIZED 674 SF TO 1,680 SF*
Presentation Centre is now open daily (except Fridays) from 12 – 5 pm at 2180 Gladwin Road, Abbotsford.
LIVINGMAHOGANY.COM
778.255.9990
MAHOGANY, A SPECTACULAR NEW COLLECTION OF LUXURY HOMES. WITH 26 STOREYS OF CONCRETE CONSTRUCTION, INCREDIBLE VIEWS AND GENEROUS AMENITIES OVERLOOKING BEAUTIFUL MILL LAKE. Marketed by GLOBEWEST - Multiple Realty Ltd. and Quantum Realty Inc. Managed by the Quantum Properties Group of Companies. %&0 &0 +,1 + ,ƛ"/&+$ #,/ 0 )"ǽ +6 02 % ,ƛ"/&+$ * 6 ,+)6 " * !" 6 !&0 ),02/" 01 1"*"+1ǽ %" !"3"),-"/ /"0"/3"0 1%" /&$%1 1, *,!&#6 -) +0Ǿ -/& "0Ǿ #" 12/"0 +! 0-" &Ɯ 1&,+0 4&1%,21 +,1& " 0 * 6 " +" "00 /6 +! 1 1%"&/ 0,)" !&0 /"1&,+ǽ ǽ ǔ ǽ ǽ ȥ ) ,+6 0- " &0 &+ )2!"! &+ 0-" &Ɯ"! 0.2 /" #,,1 $"0ǽ
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BURNABY • TRI-CITIES
WEDNESDAY, APRIL 27, 2016
Looking for a new home? Start here.
R E A L
E S T A T E
W E E K L Y
New Housing Price Index in Vancouver Climbs Further: StatCan
M
etro Vancouver’s new home price index continued to push ahead in February, once more speeding up its pace of annual growth, according to a Statistics Canada report issued April 14. The price of newly built housing in the Vancouver Census Metropolitan Area (CMA) increased four per cent year over year in February – which was again the secondhighest annual rate of growth of any region in Canada, after Toronto–Oshawa CMA.
Month over month, new home prices in Vancouver rose 0.8 per cent compared with January’s figures, making it the ninth consecutive month for rising monthly prices in the CMA. Along with Toronto, Vancouver was again the country’s biggest contributor to Canada’s overall monthly new home price rise of 0.2 per cent in January, which was pulled down by declines in the new housing price index in resource-dependent provinces.
It is a far cry from the pattern of only a year ago, when Vancouver’s new home prices were sliding, despite resale home prices already surging at that time. Increases in new home prices often do not reflect those seen in the resale market, as the price paid for a new home is only measured when the transaction is completed and registered with the Land Registry, rather than when the home is originally purchased off-plan. Because of long lead times on home construction, the new home prices registered today are often those homes sold many months or even years ago – whereas MLS® resale home prices are much more up to date. This could mean that the new home price index can be expected to surge much
further over the coming months and years as they catch up with today’s market and land prices.
BC and Victoria Across BC, new housing prices in January were up 3.7 per cent year over year – once more the country’s secondbiggest provincial rise, after Ontario – and 0.8 per cent month over month, the same as Vancouver. Victoria CMA’s new home price index, which had been sliding until January, turned a corner and starting to rise in February. The index for the CMA was up 0.2 per cent compared with the same month last year and also up 0.2 compared with January 2016. StatCan observed that this was the first yearover-year increase in Victoria since September 2008.
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