BURNABY
WEDNESDAY, WEDNESDAY,JANUARY AUGUST 20, 10, 2016
TRI-CITIES
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R E A L E S TAT E W E E K LY
Should Being Mortgage Free Be Your Plan for Retirement? By Alisa Aragon, mortgage expert
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f you are like most people, you probably believe that being mortgage free is your best plan for retirement. That means paying off your mortgage as fast as possible becomes your priority and having other forms of investments are considered only after your property is paid off. But this is not necessarily the best approach. It is important to decide which options will give you the balanced diversification to protect you from real estate market and economic fluctuations. Many Canadians think of retirement as time filled with traveling, spending more time on hobbies and interests. But in order to be able to do that, there are a lot of factors that need to be taken into consideration when planning for your retirement. Too many Canadians are thinking of their current financial needs and not as much about
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retirement until the later years. There has also been an increase in life expectancy as health-care technology is advancing. Canadians are more aware about their health and are taking better care of themselves, which means seniors are living longer. As a result, seniors now have to save more for their retirement than their predecessors. It is important to have a retirement strategy that works for you by exploring different ways that work with your lifestyle and goals. One strategy is to be mortgage free, so that you will have minimal property expenses when you retire and have 100 per cent of the value of your home in equity. You will then have extra funds when you decide to downsize to a smaller home. But, by putting all of your eggs in one basket, you could be limiting the ability to use other investment options that could give you a higher return on investment, and would help you achieve your retirement goals faster.
Real Estate Deals Collapse as Foreign Buyer Tax Takes Effect: Local Agents
Alternative Strategies By focusing on making extra payments towards your mortgage or increasing your payments regularly, you will shorten the life of your mortgage, yet you are not investing as much as you could into your RRSPs. Here is the best of both worlds. By investing in your RRSPs, you pay less tax and you’ll get a refund and with that money you could make a lump-sum payment on your mortgage every year. Another option would be to put the equity in your home to work for you by using a HELOC (a home equity line of credit). This will give you access to your equity whenever you need it and would be a perfect investment vehicle. Having a HELOC separate from your actual mortgage gives you the flexibility to use it for investment purposes. Therefore the interest you pay on funds that are drawn from the home equity line of credit are tax deductible. Here are some investment ideas: Use
Home Sales in the Fraser Valley Fall but Demand Stays Strong: FVREB
the funds from the HELOC to purchase an investment property, and with the rental income you could cover the mortgage payments and property costs. The rental property would then pay for itself and you have vehicle to help with your retirement goal.
The Smith Manoeuvre Another idea is doing the Smith Manoeuvre. This means using the HELOC for short- and long-term investments. If you do short-term, these would be highreturn investments that when cashed, help you pay off the line of credit. Any extra money you have made will allow you to make a lump-sum payment on your original mortgage. Since life expectancy has increased, long-term care costs need to be taken into consideration. Pensions are low and most people are not saving enough for retirement. A comprehensive strategy can be put in place by working with your mortgage expert, financial adviser and accountant.
BC Not Alone in Seeing Foreign Real Estate Investment: US Realtor Association
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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 AUGUST 1 0, 2 0 1 6
GO TEAM CANADA!
Monet TYLER
Sussex
2015
2015
#10 Royal LePage Realtor in BC 2015 #1 Royal LePage Realtor for Tricities in 2015
monet@monettyler.com
❚
604.763.4307
❚
www.monettyler.com
NEW LISTING
116 600 Klahanie Drive
NEW
$483,800
107 Linden Court
$1,428,000
4 Aspen Court
$1,498,800
3582 Franklin Street, East Van
$1,198,000
51-2200 Panorama Drive
SOLD $998,888
301 3260 St James Street
Your Experienced Local Realtors Brookside Realty
Sutton Group - 1st West Realty
jpanrucker@sutton.com
Chad August 604.318.5254 chadaugust@shaw.ca
604-942-7211
COMING SOON • 43 TOWNHOMES
www.sutton1stwest.com
$1,328,888
SOLD
$339,900
WWW.CHADAUGUST.COM
AN INDEPENDENT MEMBER BROKER
John Panrucker 604-230-7390
$1,058,000
I need Homes and Townhomes to sell!
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PRIC
SOLD
121 Fernway Drive
1300 sqft - 2000 sqft (3 Bed Plus)
Orlando Johannson 604-803-4336 orlandoj@shaw.ca
From $374,900 Call for priority registration and information **this is not an offering for sale any such offering may only be done by Disclosure Statement E.&E.0.
Linda Song 778-990-6322
18861 122B AVE $1,079,900
#105-11566 224TH $299,900
lsong@sutton.com
JUST SOLD
851 REGAN AVENUE, Coquitlam West Totally renovated home located on the very desired prestigious Regan Ave. The home has been completely redone with very high end quality material and work. Marble floors throughout main living areas and laminate in the bedrooms. The kitchen is gorgeous with quartz counters, glass mosaic back splash and high end appliances. The living room includes a beautiful white stoned fireplace and indirect lighting. This home has new vinyl windows, HWT, wood 2" blinds, HE furnace and A/C. New plumbing and fixtures, also new electrical panel and outlets. Roof and Drain tiles only 7 years old.
John Panrucker 604-230-7390
JUST SOLD
Jim Gwynn 604-880-0948 jgwynn@sutton.com
#306-11566 224TH $309,900
JUST SOLD Marten Felgnar 604-250-4175
Heather Langis 604-720-0091
Tim Seo 604-358-2111
Surp Rai 604-763-5263
mfelgnar@shaw.ca
hlangis@shaw.ca
timseo09@gmail.com
surpsrai@gmail.com
402-12020 207A $299,900
JUST SOLD
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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 AUGUST 1 0, 2 0 1 6
Candace Filipponi 604-809-4403 www.cfilipponi.com candacefilipponi@gmail.com
Over 26 years of award-winning sales and service! Mark
Sheryl
Let’s talk about real estate: www.dawsonrealtyexperts.com
Alice
DEXTER ASSOCIATES REALTY
Brokerage: Royal Pacific Realty Corp.
DEANS DAWSON LIN
Mark 604.328.7891 | Sheryl 604.209.3118 | Alice 604.617.6821 RARELY AVAILABLE COMMERCIAL PROPERTY! 1351-1359 MARINE DR. WEST VANCOUVER - AMBLESIDE! INCOME + DOUBLE LOT - ASKING ONLY $6.998M!
NEW LISTING - 927 KELVIN ST. COQUITLAM! EXCEPTIONAL FAMILY HOME ON LARGE LOT! IN AREA OF MILLION $ HOMES - ASKING $1.29M! d! ce du e R ice Pr
NEW LISTING: This property has been in the same family since 1954! An amazing, rare, opportunity to own in a prime Commercial property in tony West Vancouver! This property is directly across from new the multi-million dollar Grosvenor development! It simply doesn’t get any better than this. PLEASE DO NOT DISTURB TENANTS. Thank you. Contact us for a package & further details today.
Exceptional, executive, family home in one of the most desirable areas & streets in Coquitlam! A lovely home with a stately street presence situated on a large, level, fenced “homes & gardens” back yard with an inground sprinkler system & accent lighting. A separate in-law or nanny accommodation is simply outstanding! Close to schools, golf course & skytrain. Only 30-35 min to Vancouver. VIEW BY APPT. Call now.
OPEN SUN 2-4PM
$364,800
★ STUNNING 2 BEDROOM CONDO! Completely renovated in 2016: Brand new kitchen, flooring, paint, bathrooms, crown, baseboards and more. Beautiful quartz countertops, designer backsplash, totally modern tasteful bathrooms; A must see! Cozy gas fireplace, large entertainment sized patio. Short walk to Coquitlam Town Centre and all the amenities. OPEN HOUSE SUN 2-4PM.
104-1171 PIPELINE ROAD
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209-3420 Bell Avenue $239,900 LOCATION! LOCATION! LOCATION! Spacious 1 bedroom condo in Bell Park Terrace. Centrally located, this unit is filled with updates. The Living /Dining area leads out to a large deck perfect for summer BBQ’s, facing the lush courtyard on the quite side of the building.
1410 1500 Howe Street $603,000
Welcome to THE DISCOVERY. Waterfront seawall, & marina location. This large 1 brdm unit has been completely renovated with an entirely new chef’s dream kitchen. All new top of the line appliances and hardwood floors. Large master bedroom, spacious balcony overlooking the city. Steps to aqua bus, 1st class restaurants & beaches.
www.dexterrealty.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale
!
$1,188,000
1202-1499 West Pender St $2.408M
COAL HARBOUR, rarely available 02 unit in awardwinning “West Pender Place”. This luxurious sky home offers picturesque views of Burrard inlet, North Shore Mountains, Stanley Park and the harbour from all rooms. Enjoy Gaggenau and Sub Zero appliances, kitchen cabinetry from Dada of Italy, quartz counter tops, marble appointed ensuite and powder room. Building features full amenities and 24/7 concierge.
THINKING OF SELLING? PUT OUR EXPERTISE TO WORK FOR YOU! CONTACT US FOR A FREE PROPERTY MARKET EVALUATION!
FANTASTIC VIEW LOT!
VIEW...VIEW...VIEW...Fantastic property in the desirable area of Cape Horn with HUGE VIEW LOT over 10,800 sq.ft. Main level offers living room, dining room, kitchen, 3 good sized bedrooms. Enjoy breathtaking views on the wraparound balcony overlooking the Fraser River and Port Mann Bridge! Lower level offers a 1 bedroom suite on one side and a large workshop/storage area on the other. This home requires significant renovations/ TLC or is a perfect opportunity to buy and build your dream home! Centrally located, close to Hwy 1, minutes from Burnaby, Vancouver, and Surrey. Don't miss out on this one!
1985 WILTSHIRE AVENUE Maria Zavaglia 604-202-4124
NEW LISTING
Taking our Listings Global $329,000
EXCELLENT ONE BEDROOM Axis, a concrete building in the heart of Highgate. Open floor one bedroom with mountain & city view. Pet and rental friendly. . 1102-7225 ACORN AVENUE The Go Team 604-263-1144
NEW PRICE
$208,800
COURT ORDER SALE!
COURT ORDER SALE - ATTENTION RENO-VATORS AND INVESTORS - FANTASTIC DOWNTOWN NEW WEST CONDO being sold "As is, Where is". This bright, large, one bedroom unit is completely ready for ALL your finishing touches – in a cat-friendly (no dogs), modern and well maintained fully rainscreened strata building. Private ground level patio and garden area. Complete this unit yourself for immediate upside potential. Amazing central location blocks away from all amenities on an outstanding tree-lined street! The Buyer/s should independently verify all listing information. Unit is tenanted and difficult to show – please give at least 48 hours’ notice to view
104-210 CARNARVON STREET
David Young 604-263-1144
Frank Budd Cell: 604-724-5567
Bus: 604-466-2838
Frank Budd BRAND NEW HOME
LifeStyles Realty
Email: frankb@shaw.ca Website: www.frankbudd.com
Looking for a New Brokerage?
851 IOCO ROAD, PORT MOODY
WOW BRAND NEW, unmatched quality, views of the inlet, all part of this striking 3,900 + sq ft home. The fabulous great room offers 12 ft ceilings, walls of glass and modern luxury. The spacious kitchen with high end appliances make this a great home to entertain. This stylish rancher with walk out bsmnt comes with 4 bedrooms, 5 baths and the master features a walk in closet, spa like ensuite and opens out to a private patio. The main floor includes a huge den with a great view from your desk. A huge games room down with wet bar is a great place to gather to watch a game. The legal 1 bdrm suite is totally private with its own side entrance, fenced yard, full laundry and new appliances. Hot water on demand, double garage, full rain screen, fully fenced and landscaped yard, 2-5-10 warranty, and the list goes on!
Receive the highest level of support from our experienced Managing Broker. NO FRANCHISE FEES THREE EXCELLENT FEE PLANS STRONG SUPPORT
Roloff Veld Managing Broker
More PHOTOS att www.frankbudd.com M
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
#1 - 5050 Kingsway Burnaby BC V5H 4C2
A wealth of experience working for you.
1022 Dansey Ave., Coquitlam $780,000 Quality “Austin Heights” half Duplex Style home features southern city & river views. Spacious updated living areas include 3 bedrooms up, 2 1/2 baths , family size kitchen, Sunroom to enjoy year round, separate dining & living room w/ cozy gas fireplace & much more. Beautifully landscaped & plenty of parking w/ garage & gated RV space off lane. Bonus: 2 storey home has partly finished low basement with separate entrance. Showings by appointment. Call today.
R E W.ca » B U R N A BY / T R I - C I T I ES » W E D N ES DAY AUGUST 1 0, 2 0 1 6
More than 20 years experience helping families with their real estate needs
Janet DOWNEY SELLING
604.220.9982
www.janetdowney.com mail@janetdowney.com
REAL ESTATE
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Macdonald Realty Westmar
BUYING
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REAL ESTATE SELL
BUY
INVEST
INVESTING
NEW LISTING
IN PRINT AND ONLINE Your go-to source for the latest Lower Mainland listings, news and advice
RS DUPLEX ZONED... prime building lot, 66 x 116’ in the desirable South Slope neighbourhood. Newer walk ways along the street and the lot sits back from the road. Bonus of an immaculate rancher with walk out basement and suite potential. Gleaming hardwood floors, newer roof, 4 bdrms., rec room and boasting over 2,000 sq. ft. Great building lot or investment potential. Call for further details.
5775 Rumble Street
$1,888,800
There’s a reason we’re highest in customer satisfaction “Highest in Customer Satisfaction among Home Insurers in Western Canada” by J.D. Power 5 years in a row*
No matter what life throws your way, our BCAA Home Insurance team will be there to help. Get a quote today on our home insurance and get a $20 gift card from a BCAA partner to spend on hotels, restaurants or gas. Limited time offer.
Everyone is welcome, Members save up to 15%.
Visit us in Burnaby 4567 Canada Way or 4480 Lougheed Hwy
Call 1.888.268.BCAA (2222)
Insurance is sold through BCAA Insurance Agency and underwritten by BCAA Insurance Corporation. Some conditions apply. Offer is valid in store or by phone and applies to new BCAA policies only. To be eligible you must be purchasing home insurance for the first time, or your current home policy with another insurance provider must expire within 90 days. Minimum premium of $250 and other restrictions may apply. Offer expires August 31, 2016. Subject to change without notice and available while quantities last. *BCAA received the highest numerical score in the West in the J.D. Power 2012-2016 Canadian Home Insurance Satisfaction Study. 2016 study based on 7,438 total responses from 14 providers in the region measuring experiences and perceptions of customers, surveyed March- April 2016. Your experiences may vary. Visit jdpower.com.
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Artist’s Rendering - Mahogany Plan B-2
VANCOUVER LUXURY. ABBOTSFORD PRICES. FROM THE HIGH $200’S MAHOGANY, A SPECTACULAR NEW COLLECTION OF LUXURY HOMES. WITH 26 STOREYS OF CONCRETE CONSTRUCTION, GENEROUS AMENITIES AND INCREDIBLE VIEWS OVERLOOKING BEAUTIFUL MILL LAKE, MAHOGANY IS TRULY THE NEW HEIGHT OF LIVING. TO LIVE HERE IS TO LIVE WELL. Presentation Centre is open daily (except Fridays) from 12 - 5 pm 2180 Gladwin Road, Abbotsford
LIVINGMAHOGANY.COM 778.255.9990 Artist’s Rendering - Mahogany at Mill Lake
Marketed by GLOBEWEST - Multiple Realty Ltd. and Quantum Realty Inc. Managed by the Quantum Properties Group of Companies. This is not an offering for sale. Any such offering may only be made by disclosure statement. The developer reserves the right to modify plans, prices, features and specifications without notice as may be necessary and at their sole discretion. E. & O. E.
R E W.ca » B U R N A BY / T R I - C I T I ES » W E D N ES DAY AUGUST 1 0, 2 0 1 6
MOVE IN THIS YEAR!
Higher Living. Higher Learning. Nestled on the hillside at Simon Fraser University, Veritas by Polygon is a limited collection of one plus den and two bedroom apartment residences in the unique campus community of UniverCity. Enjoy mountainside living in an environment of academia and nature, with move-ins this year! Two bedrooms priced from $389,900
8999 Cornerstone Mews, Burnaby Open Noon to 6pm Daily (except Friday) 604.298.9965 veritas@polyhomes.com
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BURNABY • TRI-CITIES
WEDNESDAY, AUGUST 10, 2016
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