BURNABY
WEDNESDAY, WEDNESDAY,JANUARY AUGUST 20, 24, 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
Home Sales Down in 60% of Canadian Markets, Mirroring BC’s Trend: CREA N
ational home sales fell 2.9 per cent year over year and by 1.3 per cent since June, according to Canadian Real Estate Association (CREA) figures released August 15. Greater Vancouver and the Fraser Valley saw the biggest declines, but the CREA reported that sales were down from levels one year earlier in about 60 per cent of all Canadian markets, with Calgary and Edmonton following on the heels of the Lower Mainland markets. Despite this, the national MLS® Home Price Index (HPI) rose 14.3 per cent yearover-year in July and the national average sale price climbed 9.9 per cent from one year ago to $480,743. “Home sales continued to trend lower while price gains further accelerated in the
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Lower Mainland of British Columbia,” said Gregory Klump, CREA’s chief economist. “This suggests that sales are being reined in by a lack of inventory and a further deterioration in affordability. “The new 15 per cent property transfer tax on Metro Vancouver home purchases by foreign buyers took effect on August 2, so it will take some time before the effect of the new tax on sales and prices can be observed. That said, the new tax will do little in the short term to increase the supply of homes.” Across BC July home sales across the whole of BC fell a modest 3.4 per cent year over year, according to British Columbia Real Estate Association figures released
Collateral Damage: Unfortunate Tales of Foreign Buyer Tax Fallout
August 11 – far less steeply than in the major centres of Greater Vancouver and the Fraser Valley. “Housing demand has moderated in many regions of the province, after setting records earlier in the year,” said Cameron Muir, BCREA chief economist. “The less frenetic pace of home sales will likely provide a much needed boost to the inventory of homes for sale. The rate of home price appreciation is also expected to slow from the unsustainable level exhibited this spring.” Greater Vancouver and the Fraser Valley, which last week reported sales declines of 18.3 and 10.4 per cent respectively, dragged down BC’s overall figures, offsetting significant year-over-year home sales increases in Victoria, Vancouver
Now is the Best Time to Buy a Vancouver Home in Two Years: Agents
Island and the Okanagan. Broken down by area, out of the major centres (where the statistics are less volatile), the Okanagan Mainline board reported the largest year-over-year increase in home sales, up 25.1 per cent over last July to 1,042 transactions. This was followed by Victoria, up 21.3 per cent to 922 sales, and Vancouver Island, up 18.9 per cent to 1,030 units. Despite the slight overall sales decline across the province, average prices in BC were up 9.1 per cent year over year to $663,411, resulting in the total dollar volume of home sales in July rising 5.4 per cent on an annual basis to just short of $6.6 billion. However, this figure was an uncharacteristic decline over June 2016’s $694,925 average price.
Editorial: Policymakers, Beware Side-Effects of Affordability Measures
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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 24, 2 0 1 6
Monet TYLER monet@monettyler.com
West Real Estate Services
2015
#10 Royal LePage Realtor in BC 2015 #1 Royal LePage Realtor for Tricities in 2015
604.763.4307
❚
2015
www.monettyler.com
❚
SOLD 107 Linden Court
$1,428,000
$
4 Aspen Court
$
649,900
$1,498,800
121 Fernway Drive
$1,058,000
116 600 Klahanie Drive
$483,800
MLS# R2100879
809,900
www.teamphilhaig.com info@teamphilhaig.com Each office independently owned and operated
21716 117th Ave., Maple Ridge
8998 Emiry Street, Mission • • • • • •
1.28 acres Rancher with unfinished basement Many updates Horse area, fully fenced, two stall barns & shed RV power hookup, Double garage. On a quiet no thru road.
West Side Rancher on a no thru road 1800 sqft with 3 beds/2beds 20,900 sqft lot 23x23 garage with RV/Boat parking 376 sqft covered patio with outdoor pool and aggregate patio • Fully fenced and very private back yard with sprinkler system • Newer roof, h/t tank, furnace
$1,498,000
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Amanda A d vandenBrink d i k 604-619-2164 6
MAPLE RIDGE PITT MEADOWS
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www.clickmyhome.ca | amandavandenbrink@shaw.ca w
Brookside Realty
4407 Union Street
e Lo cal R
Brookside Realty
Open Sunday 2-4 P f tl maintained Perfectly i t home. 2577 sq/ft on 2 levels. 5 bedrooms, 3 bathrooms. Lovely gleaming hardwood floors, newer cherry maple kitchen cabinets, gas stove, granite countertops, crown throughout top floor, beautifully renovated 5 piece bathroom, huge master bedroom with ensuite, high efficiency furnace and solid oak staircase. Down you will find huge living room, newer high end laminate, built-in cabinetry, gas fireplace, 2 bedrooms and more. All this and steps to all the Heights has to offer, restaurants, shopping to name some!
11933 224th St., Maple Ridge
Chad August
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 OPEN
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
JUST SOLD #306-11566 224TH $309,900
JUST SOLD
#105-11566 224TH $299,900
JUST SOLD 402-12020 207A $299,900
JUST SOLD
SAT & SUN 2-4 2400 sqft ft home h 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
OVER
SOLD
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
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 24, 2 0 1 6
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Your Experienced Local Realtors Sutton Group - 1st West Realty
Over 26 years of award-winning sales and service!
AN INDEPENDENT MEMBER BROKER
Mark
DEANS
604-942-7211
Surp Rai 604-763-5263
$1,298,000
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
www.sutton1stwest.com
surpsrai@gmail.com
Sheryl
Linda Song 778-990-6322 lsong@sutton.com
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!
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Jim Gwynn 604-880-0948 jgwynn@sutton.com
12320 256 STREET, Maple Ridge, 13.7 acres on City Water! 234 foot frontage X 2573 feet depth. ALR land in RS-3 zoning allowing flexible uses, to name a few as follows; agricultural, accessory produce sales, rental stable, hobby kennel, neighborhood daycare. Great investment for holding with rental house (house could use some handyman work) or start fresh with your own business venture. Heritage style home with high ceilings, wood floors, gas fireplace. Sue Rai 604-763-5263
Tim Seo 604-358-2111
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.
! LD
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timseo09@gmail.com
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.
Orlando Johannson 604-803-4336
John Panrucker 604-230-7390
Marten Felgnar 604-250-4175
Heather Langis 604-720-0091
orlandoj@shaw.ca
jpanrucker@sutton.com
mfelgnar@shaw.ca
hlangis@shaw.ca
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.
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!
With Experience& Enthusiasm Expect Results!
Call
Eva Roberts
Sutton Grp West Coast (Van49) (604) 257-8888
eroberts.ca
CELL. (604) 328-7009
3374 Viewmount Drive Open 2:30-4:30pm Sunday Extensively remodelled Port Moody family home on rare RT-1 duplex zoned, huge 8259 sq.ft. lot! Over $150,000 spent on renovations including new roof, paint, flooring, 2 kitchens, bathrooms, etc. Great central location near new SkyTrain station, mall, transit, etc. Rented, both upstairs & downstairs. Great opportunity for home owner, investor or builder! Asking $1,358,888. MLS #R2090546
REDUCED!
Taking our Listings Global NEW LISTING
$329,000
FANTASTIC VIEW LOT!
1985 WILTSHIRE AVENUE Maria Zavaglia 604-202-4124
STUNNING VIEW PROPERTY Fantastic view property in North Burnabyʼs coveted Capitol Hill neighbourhood. This 3 bed/3 bath, 2 level basement home features breathtakingly beautiful 180 degree views of the North Shore mountains, Metrotown in the south, with Burrard Inlet & the towers of Downtown Vancouver in between & out to Howe Sound.
604-809-4403
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale
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!
$1,498,000
Candace Filipponi
www.dexterrealty.com
$1,188,000
184 N. SPRINGER AVE
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
www.cfilipponi.com candacefilipponi@gmail.com $364,800
DEXTER ASSOCIATES REALTY
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.
104-1171 PIPELINE ROAD
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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 24, 2 0 1 6
DAVE VALLEE
PERSONAL REAL ESTATE CORPORATION
604-526-2888
www.TeamDaveVallee.com info@TeamDaveVallee.com RE/MAX Advantage Realty
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
Contact Roloff at 604-782-7327 or roloff@evergreenwestrealty.com
Roloff Veld Managing Broker
#7 7323 Montecito Dr, Bby • $389,000 Bright & spacious 2 level, 1220 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 room, crown moldings & spacious walk in closet in master bdrm. Great family complex w/outdoor pool & party room, extensive gardens, carport parking & more.
206-1120 Westwood Street, Coquitlam BC, V3B 7K8 T: 604 942 1389 www.evergreenwestrealty.com
IN PRINT AND ONLINE Your go-to source for the latest Lower Mainland listings, news and advice
8895 Erin Ave, Bby • $988,000 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. 4 bdrm, 2400 sf home in need of substantial repair. Seller would like to rent back.
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.
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 24, 2 0 1 6
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Visit our Website to see all our Listings 3372 DON MOORE DRIVE • BURKE MOUNTAIN
7006 KITCHENER STREET • SPERLING - DUTHIE
Beautifully Landscaped Family Home
Hold, Renovate or Build Your Dream Home
Outstanding 3 level family home in terrific Burke Mountain locale! Elegant principle rooms with high ceilings, updated kitchen with custom cabinetry, lovely west-facing sundeck & stunning backyard with lush gardens.
Lovingly maintained family home on a 7,560 s.f. property in desirable Burnaby North neighbourhood. Close to shops & amenities plus near great schools: Lochdale Elementary, Burnaby North Secondary & SFU.
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6,604 s.f. Lot 3,115 s.f. Home 5 Bedrooms 3.5 Bathrooms Over-height Ceilings
• • • • •
Gas Fireplace Legal Suite West-facing Backyard 2-5-10yr Warranty 2 Car Garage
New Listing
$1,388,000
Sell for TOP DOLLAR with Managed Market Pricing Strategies
• • • • •
60’ x 126’ Lot 1,653 s.f. Home 3 Bedrooms 1 Bathroom Hardwood Floors
• • • • •
$1,688,000
New Listing
Open Saturday & Sunday 2:00 – 3:00pm
Wood fireplace Terrific garden S. Facing Backyard Single Carport Grt Neighbourhood
3387 WATKINS AVENUE • BURKE MOUNTAIN Gorgeous Family Home Beautiful 3 level family home in sought-after Burke Mountain community with spacious, open concept living, 3 bedrooms up & custom basement layout. Close to amenities, parks & trails. 2-5-10 year warranty.
Receive your up to the minute FREE Home Evaluation by going to:
• • • • •
faithwilsongroup.com/eval Open Sunday 2:00 – 4:00pm
31.72’ x 117.56’ Lot 3,155 s.f Home 4 Bedrooms & Den 3.5 Bathrooms Soaring Ceilings
• • • • •
GE Appliances Air Conditioning 2 Sets of Laundry Private Backyard 2 Car Garage
$1,295,000
Intelligent living BY ZENTERRA DEVELOPMENTS
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R E W.ca Âť B U R N A BY / T R I - C I T I ES Âť W E D N ES DAY AUGUST 24, 2 0 1 6
Parkside Living For Active Families 6 HOMES SOLD LAST WEEKEND - PRE-SALE OPPORTUNITY ON NOW
Visit Wynnbrook Today to Experience the Ultimate in Parkside Living. Wynnbrook gives you single family home living in a Parkside setting. Set between lush nature and the Albion Sports Complex, it’s the perfect location for active families. Enjoy football, soccer, baseball and a kids’ water park all within walking distance from your front door. Add to that open green space, easy highway access, great schools, coffee shops, eateries and groceries, making this neighbourhood the perfect fit for today’s busy families. Wynnbrook’s 3 & 4 bedroom family homes are all 3 storeys above ground which means that even your basement will be bright and light. Most homes will back onto green space giving you additional privacy and are landscaped and fenced.
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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 24, 2 0 1 6
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Artist’s Rendering - Mahogany Plan B-2
VANCOUVER LUXURY. ABBOTSFORD PRICES. 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.
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BURNABY • TRI-CITIES
WEDNESDAY, AUGUST 24, 2016
Looking for a new home? Start here.
R E A L
E S T A T E
W E E K L Y
BRIDAL FALLS RESORT: COTTAGES AND LOTS AT SPECTACULAR VALUE Now is the perfect time to snap up a brand new cottage on its own lot, surrounded by stunning scenery
W
ith the hot real estate market extending from Vancouver in 2016, the impact on Chilliwack and Bridal Falls RV Cottage Resort has been significant. Valley residents have been snapping up cottages at record rates in this unique offering of a detached cottage on a private lot. “With the detached home price increases we have seen in Chilliwack this year, a brand new cottage in our resort stacks up as a tremendous value. When you consider the clubhouse, pool and other amenities the lifestyle opportunity for downsizers becomes a key factor in the decision to buy,” says Ron Sturm, owner/partner in the resort. “Right now we can offer a great selection
of the various lots in Phase 1, which have the best price and value, but that will not last much longer. Now is the best time to get involved.” Bridal Falls’ two-bedroom, two-bathroom plans are the country’s largest manufactured park model cottages, appealing to downsizers who have spent a lifetime living in a house and are not ready for a condo’s elevators, hallways and common living spaces. The resort’s amenities are anchored by an impressive 12,000-square-foot log cabin clubhouse that features a 50-seat private theatre, gym, game and card rooms, lounge, dance floor, library area and event facilities for weddings or business conference use. “There is also a 2,000-plus-square-foot sun deck overlooking the gardens, pool and hot-tub deck,” adds Sturm. Bill and Linda Nokes were sold as soon as they visited the resort. “When we saw the show cottage and how beautiful the setting was, we decided we wanted to live here full time,” says Linda. “We’ve been in resorts in
Phoenix, Arizona and throughout California, but we had never seen such gorgeous cottages along with all these amazing amenities. We were also impressed with the price, by far the best value compared to anywhere else in B.C.” The cottages feature fully covered decks, natural gas, a stainless steel kitchen appliance package and bedrooms with built-in storage. (Upgrades include a washer and drier, skylights and sliding patio doors.) Bridal Falls RV Cottage Resort is a yearround community where buyers have the option to live full time, lock and leave for part of the year, or put their cottage in the fully managed rental program. “We are the only year-round resort development in North America to offer 100-amp service, cable and natural gas to every lot,” says Sturm. “But what distinguishes us from other cottage resorts is our location at the centre of the Fraser Valley recreation hub, only minutes away from everything.” Bridal Falls is a Mecca for the outdoor
enthusiast. You are minutes away from numerous lakes, including Cultus, Chilliwack and Harrison; the Fraser River with its world famous fishing, as well as golf courses, parks and the Bridal Falls Waterslides. In addition, you can bike or hike the many local trails or meander the Cheam Lake bird sanctuary. “There is salmon, sturgeon and fly fishing on the Fraser River, which is only five minutes away,” says Sturm, adding the staff can assist with guided fishing tours. You can own a brand new cottage starting from $229,900 plus tax. The Bridal Falls RV Cottage Resort Presentation Centre and Show Cottages are located on Cheam Road, in Bridal Falls, open daily from 11am to 4pm. Book a viewing – and bring your bathing suit, as everyone is welcome to cool down with a swim! For more information or to book a private viewing, call 604-745-4104, email info@discoverbridalfalls.com or visit www.discoverbridalfalls.com.
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