BURNABY
WEDNESDAY, WEDNESDAY,JANUARY AUGUST 20, 17, 2016
TRI-CITIES
info@rew.ca • 604-435-7977
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R E A L E S TAT E W E E K LY
Metro Vancouver Home Sales Plunge – But Prices Continue to Soar: Board M
etro Vancouver home sales in July dropped nearly 19 per cent compared with a year ago and plummeted nearly 27 per cent over the previous month – marking a return to “more historically normal” July levels, according to a Real Estate Board of Greater Vancouver (REBGV) report published August 3. But despite the summer slowdown in sales, the benchmark price of a typical home (all property types) across the region continued to soar, now standing at $930,400, a 32.6 per cent rise over July 2015. However, this headline figure for all of Metro Vancouver masks huge variations in typical prices between property types, municipalities and neighbourhoods.
Sales and Listings Residential property sales in Greater Vancouver totalled 3,226 in July 2016, a fall of 18.9 per cent from the 3,978 sales recorded the same month last year, and a decline of 26.7 per cent compared with
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June this year, which saw 4,400 home sales. Last month’s sales were a relatively modest 6.5 per cent above the 10-year sales average for July. “After several months of record-breaking sales activity, home buyer demand returned to more historically normal levels in July,” said Dan Morrison, REBGV president. Predictably, single-family home sales in July saw the biggest decline at 1,077 total sales, a drop just shy of 31 per cent compared with the 1,559 sales recorded in July 2015, and a decline of just over 31 per cent compared with June’s 1,562 detached house sales. Sales of townhouses and other attached homes, which had increased the previous month, fell in July by 20.7 per cent year over year. The total of 547 sales was also a drop of 25 per cent compared with June’s 730 townhome sales. Condo-apartment units in the region fared a little better than other property types, with 1,602 units changing hands in July 2016, a drop of 7.3 per cent
BC Home Sales Fall Slightly – But Not as Steeply as Vancouverʼs
compared with the 1,729 sales in July 2015, and a 24 per cent fall from June’s figure of 2,108 sales. New home listings on the Greater Vancouver MLS® increased by 2.5 per cent year over year to 5,241 in July 2016. However, this is a 10.8 per cent decrease compared to June this year when 5,875 properties were listed, as fewer sellers listed their homes during the summer months. This meant that total active listings at the end of July stood at 8,351, 27.4 per cent down from the same month last year (11,505). Like the previous month, July’s total listings figure is a slight monthover-month rise of 6.9 per cent, reflecting the further slowing of sales between the two months.
Benchmark Prices Despite the drop in home sales and in the sales-to-listings ratio, home prices in the Greater Vancouver area continued their seemingly unwavering upward climb.
How I Styled the BC Childrenʼs Dream Lottery Prize Home
The combined residential property type benchmark price in Metro Vancouver raised the bar yet again in July, at $930,400 – a 32.6 per cent year-over-year increase. The typical detached house in the region is now $1,578,300, a rise of 38 per cent compared with the same month last year, and yet again the sharpest price rise of the three home types. This was a relatively modest rise of just over one per cent since just the previous month ($1,561,500). The July benchmark price of a townhome or other attached unit in Greater Vancouver rose by 29.4 per cent compared with July 2015 to $669,000, up 1.8 per cent compared with June ($656,900). Condoapartment benchmark prices in July rose 27.4 per cent year over year to $510,600, a rise of 1.9 per cent over June’s price ($501,100). Home prices vary widely throughout the REBGV region. To get a good idea of home prices in a specific location, check the detailed MLS® Home Price Index at www.rebgv.org
Strata Advice: An Easy Solution for Condo Residentsʼ Disputes
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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 17, 2 0 1 6
Monet TYLER monet@monettyler.com
❚
West Real Estate Services
604.763.4307
2015
2015
#10 Royal LePage Realtor in BC 2015 #1 Royal LePage Realtor for Tricities in 2015
❚
www.monettyler.com
SOLD 107 Linden Court
$1,428,000
4 Aspen Court
$1,498,800
Candace Filipponi DEXTER 604-809-4403 A SSOCIATES www.cfilipponi.com R EALTY candacefilipponi@gmail.com $364,800
121 Fernway Drive
104-1171 PIPELINE ROAD
116 600 Klahanie Drive
$483,800
www.dexterrealty.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale
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.
$1,058,000
$1,188,000
Taking our Listings Global $329,000
NEW LISTING
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 wrap-around 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
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
KIM WOODLEY 604-657-9323
Sterling Realty
Helping you is what I do! 421 WALKER ST HUGE LOT
Once in a long while a property like this comes to the market! Surrounded by multi-million dollar homes, this lot on prestigious Walker Street is in Coquitlam’s “Shaughnessy” … gateway to Vancouver Golf Club. The lot boasts a 76 foot frontage with a liberal depth of 162 feet, level, private and free of any encumbrances. It has a western frontage and an eastern back yard. This charming three bedroom/den bungalow with basement (6 ½ foot) is in excellent condition with updated HWT, hot water boiler, electrical service and steel roof. Lots of years left in this classic “Dunbar” home. The yard exudes pride of ownership! You will not find a better building lot in Coquitlam!
List Price $2,088,000
INDEPENDENTLY OWNED AND OPERATED
OPEN!
OPEN HOUSE SAT. & SUN. AUG 20th & 21st 2 to 4 pm
First time on Market. Custom built by the present owner, meticulously maintained and cared for. 1 Block from the lake, situated on 64’ x 125’ level lot with sunny exposure and lance access. 2 Unique features of the home, master bedroom on main floor and 35’ x 21’ triple garage off the lane. Open concept plan, to second floor, easy access to private and well maintained rear yard with large covered patio. Close to all levels of school, transportation and amenities. One of the best areas to live and raise a family.
List Price $1,098,800
2020 WINTER CR.
1532 REGAN AVE SOLD!
2395 HURON DR. Original owner home. Pride of ownership exudes throughout! Prestigious Chineside neighbourhood is always in demand. This solid three to four bedroom home was built by the owner and has many updates. Hardwood under main floor carpets, newer roof, new patio deck and cover, 1 year old furnace and windows. Very suitable for a tenant with private driveway and additional parking at side of home ... room for triple car garage. Beautiful views of North Shore Mountains. Walk to all levels of schools, shopping, parks and transportation.
SOLD!
SPOTLESS three level Executive home in prestigious Central Coquitlam neighbourhood. This cul de sac home boasts four extra large bedrooms, three bathrooms, a three car garage on a 7000 sqft private fenced yard on lane. Features vaulted ceilings, skylights. new high quality windows thruout, west and south sides with low E, new asphalt-fiberglass shingles on roof ( 1 year ), new fences (1 year), front fully landscaped with shrubs and grass. newer HWT and much more! Walk to all levels of Education and buses to SFU. Centrally located to all amenities, shopping parks and transportation.
List Price $1,398,000
Phone now for a complimentary market evaluation. www.kimwoodley.com * kimwoodley8@gmail.com
List Price $1,338,800
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 17, 2 0 1 6
OPEN HOUSE SUNDAY, AUG 21, 2–4 PM
30 - 3295 Sunnyside Road
$1,299,000
ANMORE | PORT MOODY
4 BED | 3 BATH | 2,518 SQFT | YARD BACKS ON TO A GREEN BELT
OPEN HOUSE SUNDAY, AUG 21, 2–4 PM
31 - 3295 Sunnyside Road ANMORE | PORT MOODY
$1,289,000 | 3 BED | 3 BATH | 2,286 SQFT YARD BACKS ONTO A GREEN BELT
Derek Le
BUYER’S AGENT
Not intended to cause or induce breach of an existing agency agreement.
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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 17, 2 0 1 6
Chad August
Brookside Realty
GEORGE GOMORY
604.318.5254
FREE HOME EVALUATIONS
WWW.CHADAUGUST.COM chadaugust@shaw.ca
Call Now!
604-765-7653
COMING SOON • 43 TOWNHOMES 1300 sqft - 2000 sqft (3 Bed Plus)
5671 Sardis Cr., Forest Glen
8052 Willard St., Big Bend
$1,980,000
$799,000
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.
18861 122B AVE $1,079,900
#105-11566 224TH $299,900
JUST SOLD
JUST SOLD
#306-11566 224TH $309,900
402-12020 207A $299,900
JUST SOLD
JUST SOLD
2400 sqft home on large view lot. Wonderful Garden!
Large 42 x 251 A2 Zoned lot. Build your spacious new home here.
www.GeorgeGomory.com
www.GeorgeGomory.com
602-6055 Nelson Ave., Forest Glen
6239 Canada Way, Buckingham Heights
SOALSD KING
SOLD
OVER
Courtyard facing 2 bedroom, 2 bathroom condo with about 1100 sq ft of space and a covered patio. 1 Parking, 1 Locker, Rainscreened building.
2600 sq ft 4 level split home on large 60 x 164 R1 Zoned Lot
www.GeorgeGomory.com
www.GeorgeGomory.com
326 Hume St., Queensborough
7725 Berkley, Burnaby Lake
SOLD
SOLD
Lovely 2700 sqft home built in 2005 with 6 bedroom, 4 bathroom home with 2 bedroom legal suite down
2400 sqft home on 110 x 98 R2 zoned building lot.
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
DAVE VALLEE
With over 25 years of Award Winning Service
PERSONAL REAL ESTATE CORPORATION
Steve Marshall
604.671.9999 www.SteveMarshall.ca
The Seniors Real Estate Specialist
RE/MAX Advantage Realty
RE/MAX Sabre Realty
308-195 Mary y St., Port Moody
2503 Quartz Pl.,, Coquitlam
Rocky Point $259,900
Westwood Plateau $1,248,000
2 Bedroom Top Floor Condo • Nice Inlet view • Great location, walk to SkyTrain • Building has recent improvements
604-526-2888
www.TeamDaveVallee.com eVallee.com info@TeamDaveVallee.com
Cobblestone Lane - 3 Level • 5 bedrooms • 3.5 baths • 16 years old, fully finished bsmt • Cul-de-sac, 9' ceilings • Tile roof, great yard!
#6 7371 Montecito Dr, Bby • $378,000
8895 Erin Ave, Bby • $988,000
Bright & spacious 2 level, 1226 sf, 2 bdrm, 1.5 bath T/H in park like setting in “Montecito Villa” just steps to BBY Mtn golf course, transit, schools & more. This lovely home has large rooms, kitch opens to DR/LR w/sliders to large deck, insuite laundry, master bdrm w/walk in closet, updated main bath, newer HW tank & some newer applcs. Great family complex w/outdoor pool & party room, extensive gardens, carport parking & more.
OPPORTUNITY KNOCKS! Great location on quiet cul de sac in desirable Crest area of Burnaby. 44’ x 99’ lot (4455 sf) lot with back lane. R9 zoned. Can build up to 2673 sf + 452 sf garage & accessory buildings. 53 year old 4 bdrm, 2400 sf home in need of substantial repair. Seller would like to rent back.
330 Prairie Ave., Pt. Coq. New Listing $4,500,000
Looking for a New Brokerage? Receive the highest level of support from our experienced Managing Broker.
4.84 Acres • Estate property bordering the Pitt RIver • 8185 sq.ft. main home + 2nd house • Lots of options with this property • Swimming pool, sports court, fruit trees, horses, etc...
- Congratula ons to our athletes making us proud - Be sure to watch the wrestling!
NO FRANCHISE FEES THREE EXCELLENT FEE PLANS STRONG SUPPORT
Roloff Veld 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
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 17, 2 0 1 6
Tony Alves
Your Experienced Local Realtors
604.617.0189
Centre Realty 604.435.9477 www.tonyalves.ca • aalves@sutton.com
AN INDEPENDENT MEMBER BROKER
orlandoj@shaw.ca
Teresa Pang
604.889.7008
Sutton Group - 1st West Realty Orlando Johannson 604-803-4336
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604-942-7211
pangt@sutton.com
302-5655 INMAN AVE., BURNABY • $499,000
www.sutton1stwest.com
Linda Song 778-990-6322
$1,498,000
lsong@sutton.com
Jim Gwynn 604-880-0948 jgwynn@sutton.com
24445 104 AVENUE, Maple Ridge PARADISE FOUND!! Luxurious new 3000 sq. ft. 4 bedroom, 3 bath Estate Style home surrounded by a park, creek & green space on 1.19 park-like acres. Great room style plan with deluxe hardwood flooring, gourmet kitchen with granite counters & top-end stainless appliances. The large adjoining dining room and expansive living room is warmed by a custom designed fireplace. There is also a large bedroom & a 4 piece bath on the main floor. There are large windows throughout the house. Upper floor features a large master bedroom with luxurious ensuite, and 2 more large bedrooms sharing a 4 piece bathroom. Step outside and enjoy the huge covered deck, pool and private serenity. Close to Samuel Robertson Technical School.
OPEN HOUSE PM SAT & SUN 2-4
Surp Rai 604-763-5263
Orlando Johannson 604-803-4336
surpsrai@gmail.com
John Panrucker 604-230-7390
Marten Felgnar 604-250-4175
Heather Langis 604-720-0091
Tim Seo 604-358-2111
jpanrucker@sutton.com
mfelgnar@shaw.ca
hlangis@shaw.ca
timseo09@gmail.com
T ifi 2 b Terrific bedroom d unit it iin N North th Parc. A midsize quality building on a great location! practical layout with good size balcony, 2 baths, 9’ ceilings, laminate floors,quartz kitchen & bath counter tops. Steps from Central Park, Patterson Station and easy walk to Crystal Mall and Metrotown. Only 3 years old, ideal for first time buyers or investors!
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
DEANS
R5 DUPLEX ZONED... PRIME building lot, 66 x 116’ R5 duplex zoned lot (7,656 sq.ft.) 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 h/w floors, newer roof, 4 bdrms., rec room and boasting over 2,000 sq. ft. Great building lot or investment potential. Close to transit, skytrain, shopping, recreation and all levels of schools. Janet Downey 604-220-9982
$1,888,800
Sheryl
DAWSON
Let’s talk about real estate: www.dawsonrealtyexperts.com
Alice
Brokerage: Royal Pacific Realty Corp.
LIN
Mark 604.328.7891 | Sheryl 604.209.3118 | Alice 604.617.6821
INVESTING
NEW LISTING
5775 Rumble Street
Over 26 years of award-winning sales and service! Mark
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! ! ed uc d Re 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.
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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.
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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.
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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!
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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 17, 2 0 1 6
% 65 ! LD SO
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 17, 2 0 1 6
FINAL BUILDING FOR SALE SATURDAY
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 $399,900
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 17, 2016
Looking for a new home? Start here.
R E A L
E S T A T E
W E E K L Y
Metro Vancouver New Home Building Permit Values Plummet: StatCan
M
etro Vancouver new housing permits totalled less than $372 million in June, according to Statistics Canada figures released August 8. The figure is a decline of 31.7 per cent from the previous June and a drop of nearly 42 per cent over May’s $588 million worth of permits issued, despite housing supply shortages exacerbating the region’s affordability problems. Single-family homes saw the
highest total value of permits issued, up nearly 22 per cent year over year to $159 million. But multi-family building permits fell nearly 53 per cent since last June, to just shy of $121 million, and there were no duplex permits issued.
Building Across BC Across BC as a whole, the value of residential building permits was $693 million in June, a drop
of nearly 21 per cent from the $867 million in May, and a eight per cent decline year over year. In the three other BC metropolitan centres surveyed, Victoria, Kelowna and Abbotsford-Mission all saw year-over-year rises in new home permit values, although the totals were not high enough to prevent Vancouver’s decline from dragging down BC’s overall figures. Building permits totalled $80.6
million in Victoria, up 82 per cent over the previous June. Kelowna saw a year-over-year rise of nearly 40 per cent to $32.2 million, although this was a steep drop of 54.3 per cent compared with May. And Abbotsford-Mission’s new housing permits were up nearly 20 per cent year over year to $12.4 million. Across Canada, the value of residential building permits was down 9.7 per cent year over year to $4.17 billion, a monthly drop of 2.2 per cent. As in Vancouver, a sudden decline in the value of multi-family dwelling permits was partially offset by a rise in singlefamily dwelling permits.
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