BURNABY
WEDNESDAY, WEDNESDAY, FEBRUARY JANUARY 20, 1, 2016 2017
TRI-CITIES
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R E A L E S TAT E W E E K LY
Vancouver Real Estate and the Chinese New Year of the Fire Rooster T he Chinese New Year is upon us, with celebrations that started January 28 and end around February 11. The Rooster is one of the 12 Lunar New Year signs in the Chinese Zodiac, and each year also has one of five elements that rotate in two-year cycles. As last year was the Year of the Fire Monkey, this will be the Year of the Fire Rooster. One year ago, we published a story about Vancouver real estate during the Year of the Fire Monkey, with predictions for overseas buying patterns and possible government interventions. So how much did our experts get right – and what can we expect from the New Year of the Fire Rooster? The Year of the Fire Monkey Last year, those who take heed of such things observed that the Year of the Monkey denotes financial turmoil and unexpected events – especially in a “fire” year. Some speculated that this could translate into more local real estate sales, as volatility in China’s stock markets led to investors turning increasingly to Vancouver as a safe harbour. Others warned that it meant the
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market could be full of unpredictability – as indeed it was.
Foreign Buyer Tax This time last year, speculation was already rife that the BC government might bring in a foreign buyer tax to try to help with affordability. The Year of the Fire Monkey did indeed see the introduction of a 15 per cent Property Transfer Tax (PTT) surcharge for overseas buyers, but only after the market was already slowing through natural self-correction. Luxury Homes Tax Around the same time, industry insiders were also mulling the possibility of a PTT surcharge on all high-priced homes. This was another policy to come to fruition right at the beginning of the Year of the Fire Monkey, with February’s BC Budget announcing that the PTT on the portion of a home sale above $2 million would increase from two to three per cent. Vacant Homes Tax The third of the three new policies
Vancouver Market Still “Problematic” Despite Less Overheating: CMHC
touted in last year’s Year of the Monkey predictions also became a reality in 2016, with Vancouver Mayor Gregor Robertson announcing in September the new policy to tax those who leave their home empty for more than six months of the year. More details were then released in November following a public consultation. 2017’s Year of the Fire Rooster So with the Year of the Monkey bringing much of the volatility and dramatic change that was predicted, what does the New Year of the Fire Rooster bring? The Rooster is associated with trustworthiness and hard work, and those doing business are advised this year to stick to well-proven paths to ensure success, rather than risky ventures. Sounds like it could be business as usual in terms of Chinese buyers investing in Vancouver real estate, then? Or perhaps not, according to Richmondbased fortune teller and astrologer Sherman Tai. “In the last 12 to 15 years, every year I was telling people that if they
What are BC Home Huntersʼ Must-Haves? You May Be Surprised...
have money to invest, to invest it in the property market,” Tai told REW.ca’s sister publication Business in Vancouver. “In my last year’s prediction in the Year of the Fire Monkey, I asked them to stop.” Tai advises investors to continue being cautious, and thinks Vancouver real estate prices could fall up to 10 per cent this year. This is in line with widely reported industry predictions, but Tai says that it is because the stars say that Vancouver is currently a bad location for real estate. “Some stars are good for property, and some stars are bad for property,” Tai told BIV. “This year, the bad star is going into the house.” However, developers who believe in the influence of the Lunar New Year may have reason to be optimistic, as may our current provincial leaders in the upcoming election. Tai believes that the Year of the Fire Rooster will be great for the BC Liberals, as Christy Clark’s own Year of the Snake astrological sign is compatible with the Rooster – and the BC Liberals have historically been compatible with the development industry.
Editorial: Donʼt Heed Irrelevant, Overly Simplistic Affordability Reports
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BevKingston.com 778-230-8753
GO FOR THE S O L D 5962 17A Beach Grove • $998,800
4773 Wesley
JUST SOLD Fabulous sprawling rancher located in the super Beach Grove community. Wonderful large separate area for Mom & Dad. Bonus home office.
Wonderful updated family home on large lot in the super neighbourhood of the Village. Listed by remax progroup
AVAILABLE FOR RENT 19 Wallace Place
NEW LISTING 21233 95 Ave, Langley • $789,000
Beautiful Pebble Hill culde-sac location. Three bedroom family home for rent. Updated family home close to school and wonderful Diefenbaker. Call Bev for details.
Beautiful and well maintained family home in the desirable Walnut Grove neighbourhood.
Georgia Primar
Graison Stemper tel: 604.773.5702 www.realestatebygraison.com
IN PRINT AND ONLINE Your go-to source for the latest Lower Mainland listings, news and advice
cell: 604.644.5821 www.georgiaprimar.com
352 5th Street This incredibly restored midcentury modern masterpiece is an Entertainers dream home. It’s the perfect abode for empty nesters (now it’s your turn to enjoy life), or a professional couple. This residence, built in 1963 is completely updated and then some. It is full of high-end finishes, ready for the sophisticated buyer. Architectural craftsmanship and a warm ambiance make this exceptional residence a labor of love. Perched atop Pebble Hill on a large private lot with electronic gates, this Scott Steacy Signature Collectable Home features 2550 sq ft, 2 bedrooms and 2.5 baths. Through the expansive glass walls your eye will be drawn to the ocean & mountain views. Everything from the flow of the layout to the bespoke finishes are exquisite and uniquely chosen. This extensive restoration celebrates the Baby Boomer generation while embracing the comforts of the 21st Century! Offered at $2,600,000.00. Sutton Group - Seafair Realty 550 - 9100 Blundell Road, Richmond, BC V6Y 1K3
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GEORGE GOMORY
Your Experienced Local Realtors
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Orlando Johannson 604-803-4336
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orlandoj@shaw.ca
Jim Gwynn 604-880-0948
$1,249,800
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604-765-7653
8060 Reigate Rd., Burnaby Lake $1,999,000
jgwynn@sutton.com
OPEN SAT & SUN 2-4 PM 4000 sqft 3 level home with 4 bedrooms up, office on main, easy to suite down.
Ivanka Culjak 604-736-1805 ivankac365@gmail.com
www.GeorgeGomory.com
26522 100 AVENUE, MAPLE RIDGE "Urban Reserve" designated by the City of Maple Ridge for future development. Great family home located on a little piece of country paradise. Situated on 2 acres, nicely appointed to capture the Fraser Valley views is your new home. 4 bedrooms, 2 bathrooms, large country kitchen, double garage and out buildings with full power. Well cared for land set up perfectly for horses, or, a little hobby farm. Act fast, this one is a winner! Call today for a private viewing.
Orlando Johannson 604-803-4336
#403-6055 Nelson Avenue, Burnaby Spacious 1099 sqft
SOLD
Surp Rai 604-763-5263 surpsrai@gmail.com
2 bedroom 2 bathroom condo. Steps to Metrotown and Skytrain. Indoor pool and gym. Showing by appointment
www.GeorgeGomory.com John Panrucker 604-230-7390
Marten Felgnar 604-250-4175
Heather Langis 604-720-0091
Linda Song 778-990-6322
jpanrucker@sutton.com
mfelgnar@shaw.ca
hlangis@shaw.ca
lsong@sutton.com
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Private front yard access & tremendous privacy makes this 952 sf, 2 bedroom/2 bath corner unit feel like a Townhouse! Bright, airy feel w/ 9' ceiling, spacious dining & living room featuring designer colours & warm Teak hardwood flooring + cozy gas fireplace. Separated bedrooms create lovely privacy. Ample sized kitchen is a chef's dream. Large walk-in closet & 4 pc ensuite in master bedroom + bonus jacuzzi tub in 2nd bathroom. Covered patio leads to your own sunny South facing private fenced yard & garden w/ direct sidewalk access! Quiet side of building, across from community gardens, near scenic "River Walk" waterfront trail & beach & steps to great shopping & dining. Parking & storage, pet & rental friendly.
201-83 STAR CR.
“Servicing your Real Estate Needs since 1988”
Tony Quarto Open Saturday Feb 4th, 2-4 pm
5517 18th Avenue, Tsawwassen ~ 5 bedrooms ~ 3 bathrooms ~ 2 kitchens David Moore 778-991-1966 #203 1624 56 St., Delta BC V4L 0A2
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778.882.9779 1057 WINDERMERE ST., VANCOUVER Move in condition, great home in prime area. 3 bedrooms up and 2 down, oak and parquet floors, huge living room, view, Italian owner, never rented. Close to 2500 sq ft, 2 fireplaces, laneway home possible on 49.5x107.5 first open house. Call 778 882-9779 for any additional info
NEW WESTMINSTER ~ BOUTIQUE CONSIGNMENT STORE ~ $25,000 Great opportunity in a great location near Hospital, ground work has been done. Repeat and new clients, fairly new, nice looking place, approx 1000 sq ft. Seller motivated. Call for more details 778 882-9779 by appointment only please
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The
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Premier Real Estate Team at Royal Lepage Regency Rlty Ltd for 8 years
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Jurgen Johanna Stefan B.B.A. 778-229-0627 604-719-7345 604-767-4038 Associate Broker MLS Diamond Master
Medallion Club 29 Years
Bonnie
Assistant Translator in Cantonese & Mandarin
Medallion Club 9 Years
TOP 10% IN SALES OF ALL GREATER VANCOUVER REALTORS FOR 34 YEARS
PLANNING TO BUY OR SELL? 35 YEARS OF REAL ESTATE EXPERIENCE GUARANTEES RESULTS, REGARDLESS OF MARKET CONDITIONS! CALL US FOR A FREE MARKET EVALUATION! $968,000
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OPEN HOUSE SUNDAY 2 - 4 5658 WELLSGREEN PLACE
IN POPULAR WELLSGREEN ESTATES! STUNNING, UPDATED, 2100 SQ.FT. RANCHER! 2 BDRMS, SEPARATE LIVING & DIN ROOMS, OPEN KITCHEN & FAMILY RM, SUNROOM! SHOWS BEAUTIFULLY! MLS# R2116093
$788,000
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OPEN HOUSE SUNDAY 2 - 4 1468 VILLAGE GREENS WYND
THE LOWEST PRICED DETACHED HOME IN TSAWWASSEN! 2,137 SQ.FT., BEAUTIFULLY RENOVATED INTERIOR DESIGNERʼS OWN HOME! 3 BEDROOMS, LARGE FAMILY ROOM, LIVING/DINING ROOM WITH VAULTED CEILINGS! MLS# R2123679
NEW LISTING! VIRTUAL TOUR!
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NEW LISTING! LAGOON-FRONT!
$449,900
RESORT LIFESTYLE IN “TSATSU SHORES!” #120 - 1120 TSATSU SHORES DRIVE
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OCEANFRONT COMPLEX! 2 BDRMS & DEN! HUGE, COVERED PRIVATE DECK! MLS# R2130652
NEW PRICE
$1,388,000
UPDATED 5 BEDROOM SPLIT LEVEL 4784 - 7A AVENUE 7,761 SQ.FT. PLUS 799 SQ.FT. EASEMENT AREA, S. EXPOSED, PRIVATE LOT! OWNER/ BUILDER ALSO INTERESTED IN BUILDING A NEW HOME. MLS# R2128865
$968,000
POPULAR BEACH GROVE! 1432 COMPSTON CRESCENT RUSTIC AND CHARMING, 3 BDRM BUNGALOW! SUNNY AND COMPLETELY PRIVATE LOT! STEPS FROM THE OCEAN! NATURE AND GARDEN LOVERʼS SPECIAL! NOT A DRIVE BY. MLS# R2129238
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OPEN VIEWS!
$988,000
SOLD BY THE GEFFKE TEAM! #202 - 1330 HUNTER ROAD
34
RANCHER
$915,000
SOLD BY THE GEFFKE TEAM! 5518 1st AVENUE
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NEW LISTING!
$1,048,000
SOLD BY THE GEFFKE TEAM! 5241 10th AVENUE (We speak German, Finnish, Cantonese & Mandarin)
REGENCY REALTY 1333 - 56th St, Tsawwassen (next to Starbucks)
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& associates personal real estate corporation
Call for a professional market evaluation. Full service in English and Chinese
604.227.0026 yanni chen
scott walker
scott@RealEstateInDelta.com
james bailes
$1,595,000
$1,488,000
$1,130,000
$2,138,000
New Listing
New Listing
New Listing
New Price
5710 Goldenrod Crescent, Tsawwassen BC 5 bed | 4 bath | 4820 sqft mls# R2134022
5423 Spetifore Crescent, Tsawwassen BC 4 bed | 4 bath | 3070 sqft mls# R2134557
134 49 Street, Tsawwassen BC 4 bed | 4 bath | 3550 sqft mls# R2131915
898 Bayview Drive, Tsawwassen BC 4 bed | 3 bath | 2884 sqft mls# R2128650
$2,198,000
$475,000
$649,000
$588,000
Brand New
New Price
HUGE TOWNHOME
New Price
20 53A Street, Tsawwassen BC 4 bed | 5 bath | 3330 sqft mls# R2129417
105 - 1642 56th Street, Tsawwassen BC 2 bed | 2 bath | 1105 sqft mls# R2089578
111 - 5622 16 Avenue, Tsawwassen BC 3 bed | 3 bath | 2143 sqft mls# R2129837
104 - 1400 View Crescent, Tsawwassen BC 2 bed | 2 bath | 1258 sqft mls# R2089915
$450,000
$1,469,000 00
$450,000 0
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New Listing 307 - 1363 56th Street, Tsawwassen BC 2 bed | 2 bath | 887 sqft mls# R2124540
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New Listing
107 - 1153 54A Street, Tsawwassen BC 2 bed | 2 bath | 1162 sqft mls# R2129086
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4975 1st Avenue, Tsawwassen BC 5 bed | 4 bath | 3553 sqft mls# R2109797
RealEstateInDelta.com
PINNACLE AWARD
2015
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$650,000 00
sutton group - seafair realty . 1625 56th street . tsawwassen, bc . 604.943.3110
New Listing
B104 - 1248 Hunter Road, Tsawwassen 2 bed | 2 bath | 1378 sqft mls# R2118741
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We Are Real Estate
604.613.3933
604.365.1913
shelleypater@telus.net www.shelleypater.com NEW LISTING
$1,148,000
Sutton Group Seafair Realty 1625 56th St., Delta
5334 Upland Drive Fantastic opportunity to own this lovely 4 bedroom family home on a large lot. Recent updates include windows, interior/exterior paint and flooring.
NEW LISTING
$1,738,000
alyssa@alyssawentworth.com www.alyssawentworth.com $1,708,000
5857 Cove Link Road Prestigious Marina Garden Estates. Luxuriously appointed 4 bedroom executive home with sweeping, unobstructed, panoramic golf course views.
$288,000
#301-1720 Southmere Cres Beautifully updated, bright, 2 bedroom, 2 bathroom, TOP FLOOR CORNER home. Updates include kitchen, flooring, bathrooms and more.
1164 English Bluff Rd OPEN SATURDAY 2-4 Situated on a large, private lot and designed for luxurious living and entertaining. Fully renovated with 3 bedrooms up and a LEGAL 2 bedroom suite below.
COMING SOON
TOWNHOUSE
BY ZENTERRA. A STEP ABOVE THE REST! EACH HOME HAS A PRIVATE ROOF TOP PATIO.
SOHO is a collection of townhomes located in the heart of South Surrey’s Morgan Crossing neighbourhood. Our homes feature transitional-contemporary architecture with many extras included in every home.
3 bedroom, 1 year old townhouse in central Tsawwassen with 2 parking stalls. Beautiful wood flooring, modern kitchen with quartz counters and stainless steel appliances.
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HALIFAX ST
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*Based on 65% financing, 2.35% interest rate (current 5 year fixed rate) and 30 year amortization period. Limited time offer only applies to select units. Savings up to $22,000. This is not an offering for sale. Any such offering for sale can only be made with the applicable disclosure statements. E&OE
TRIOMPHERESIDENCES.COM
10,000 SF PRESENTATION CENTRE WITH TWO FULL DISPLAY SUITES Unit B–4247 Lougheed Hwy, Burnaby, BC | Open Daily from 12 –5PM (except Fridays) 604.828.1373 | info@triompheresidences.com
VISIT US TODAY TO TAKE ADVANTAGE OF THIS OPPORTUNITY!
+ Air conditioning in every home + 9' ceilings + Triomphe Pavilion: 3-storey amenity building with swimming pool + Extra large balconies + Forever views + Close to new Whole Foods Market + Steps to Gilmore Station + One block to Vancouver + 15 minutes to Downtown Vancouver + 5 minutes to Second Narrows bridge
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BURNABY • TRI-CITIES
W E D N E S DAY, F E B R U A R Y 1 , 20 17
Looking for a new home? Start here.
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UNPARALLELED WATERFRONT LIVING AT HORSESHOE BAY WEST VANCOUVER
N
estled in West Vancouver and surrounded by the waters of Howe Sound and B.C.’s majestic coastal mountains, Horseshoe Bay is truly captivating to locals and tourists alike. Rising above the ocean, Westbank’s newest development, Horseshoe Bay West Vancouver, will offer dazzling views for those who seek unparalleled luxury living. “There is really not a lot of oceanfront land available for redevelopment, and Horseshoe Bay West Vancouver is the first multi-family project in the bay that offers real waterfront living,” says Ben Amzaleg, Westbank sales manager. “There has been a shortage of housing options for those who live in West Vancouver and want to downsize and stay in the community. Westbank is offering a solution that hasn’t been readily available.” Designed by award-winning Merrick Architecture, this sophisticated collection of 158 West Coast-inspired residences – comprising one-, two- and three-bedroom
condos, fi ve penthouses and a few townhomes – will epitomize contemporary elegance from each of its six unique buildings. Framed by a wall of windows with resort-style views of the shoreline and sailboats in the water below, the homes will be showcased by 10-foot ceilings (17foot ceilings in the penthouses), brushed oak floors, top-of-the-line Miele appliance package, travertine gas fireplaces and an extensive use of natural stone throughout. The expansive outdoor living will feature generous-sized patios – some equipped with outdoor kitchens and hot tubs. “This is the first time in North America that Miele professional series gas ranges will be in a multi-family building,” adds Amzaleg. Besides its picturesque location, Horseshoe Bay West Vancouver will be LEED-certified and amenity rich, including a European-inspired cobblestone piazza with public art and green common areas.
“Built like a shoe-shaped piazza in Portifino, Italy, the piazza will foster a strong sense of community and connectivity, where people who live here will really feel a sense of belonging, where neighbours know each other,” he adds. “In addition, the entire ground floor of the first building will be scattered with retail and coffee shops.” Besides its charming village featuring unique gift shops, coffee houses and seafood restaurants, Horseshoe Bay’s Whytecliff Park is a favourite for its tranquil, rocky coastline, which serves as a sanctuary for hundreds of marine animals. For boat enthusiasts, Westbank will offer its residents a marina lifestyle. The jewel in the project will be Paul Merrick’s boat house with its soaring parabolic arches. The boat house will be home to a topend Corsair 25 powerboat by Chris-Craft that will be available for pleasure cruise bookings by the residents of the project.
For 25 years, Westbank has been synonymous with design innovation and for being a leader in sustainability and often exceeds LEED Gold standards. “The homes will have a very unique and environmentally friendly heating and cooling geo-thermal system, where we will draw water from the ocean to heat and cool the homes,” explains Amzaleg. With exceptional finishes, an incomparable location and world-class waterfront views, Horseshoe Bay West Vancouver is sure to become an iconic landmark. Horseshoe Bay West Vancouver’s sales centre, located at 1502 Marine Drive, West Vancouver, is open noon to 5pm daily (except Fridays). Prices upon request. Tentative occupancy is slated for late 2019 to early 2020. For more information, call 605-925-9331, email info@horseshoebaywestvancouver.com or visit www.horsehoebaywestvancouver.com.
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