BURNABY
WEDNESDAY, JANUARY 18, 20, 2017 2016
TRI-CITIES
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R E A L E S TAT E W E E K LY
Drop in Vancouver Home Sales Leaves 2016 Shy of Records: REBGV
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espite a record-breaking spring market, last year turned out to be just the thirdbusiest on record for Greater Vancouver home sales, falling just shy of both 2015 and 2005, according to Real Estate Board of Greater Vancouver (REBGV) data released in early January. Resales of residential properties in 2016 totalled 39,943 units, which was a 5.6 per cent drop from the 42,326 sales recorded in 2015, but still 20.6 per cent more than the 33,116 transactions in 2014. “It was an eventful year for real estate in Metro Vancouver,” said Dan Morrison, REBGV president. “Escalating prices caused by low supply and strong home buyer demand brought more attention to the market than ever before.” The total number of Greater Vancouver homes listed for sale in the whole of 2016 was 57,596. This is an increase of 0.6 per cent compared with the 57,249 properties listed in 2015 and a 2.6 per cent increase
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compared to the 56,066 properties listed in 2014. Morrison added, “The supply of homes for sale couldn’t keep up with home buyer demand for much of 2016. This allowed home sellers to raise their asking price. It wasn’t until the last half of the year that prices began to show modest declines.” The benchmark price for all residential properties in the region stood at $897,600 as of the end of December – slightly down from November, but still nearly 18 per cent higher than December 2015. December Statistics The board also issued resale statistics for December 2016, reporting a sharp drop in home sales of nearly 40 per cent compared with December 2015. In December 2016, Greater Vancouver home sales fell 39.4 per cent to 1,714 units, compared with the 2,827 sales recorded in December 2015. This was a month-over-month
BC Government Raises Homeownerʼs Grant Property Tax Discount Threshold
drop of 22.6 per cent compared with November 2016, and 8.1 per cent lower than the 10-year average for the month. Looking at individual housing types, single-family home sales in December fell 52.4 per cent year over year, totalling just 541 units, compared with the 1,136 single-family home sales in December 2015. This was a decline of 15.3 per cent month over month, which is a typical seasonal slowdown for December. There were 258 townhomes and other attached properties exchanging hands in December, a 44.6 per cent decrease from December 2015’s 466 units, and a sharp 31.3 per cent drop compared with November. Sales of condominium-apartments in December totalled 915, as usual the property type with the highest total transactions. This was a slide of 25.3 per cent compared with 1,225 condo sales in December 2015, and a 23.8 per cent fall month over month.
Greater Vancouver Home Prices to Fall 8.5% in 2017: Royal LePage Forecast
Benchmark Prices The combined residential benchmark price (all property types) at the end of December stood at $897,600. This is a 1.2 per cent decrease compared with November, and a 2.2 per cent fall over the past six months, but still 17.8 per cent higher then December 2015. The price of a Metro Vancouver single-family home increased 18.6 per cent over December 2015 to $1,483,500. This was a drop of 1.8 per cent compared with November 2016. The benchmark price of a townhome or other attached unit increased 20.4 per cent year over year to $661,800, a decline of 0.8 per cent from November. Condo-apartment benchmark prices rose 17.3 per cent year over year to $510,300, which is a drop compared with November 2016 of just 0.3 per cent. 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
BC Assessments Vs. What Your Home is Truly Worth: Mortgage Expert
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Your Experienced Local Realtors
With Experience& Enthusiasm Expect Results!
Call Sutton Group - 1st West Realty
Eva Roberts
Sutton Grp West Coast (Van49) (604) 257-8888
eroberts.ca
AN INDEPENDENT MEMBER BROKER
CELL. (604) 328-7009
604-942-7211
Marten Felgnar 604-250-4175
www.sutton1stwest.com
mfelgnar@shaw.ca
Orlando Johannson 604-803-4336
$719,900
orlandoj@shaw.ca
Jim Gwynn 604-880-0948 jgwynn@sutton.com
21436 117 AVENUE, MAPLE RIDGE A rare opportunity in a quiet neighbourhood in West Central Maple Ridge - 21436 117th Ave. Top reason you need this home for your family. LOT: Sun drenched, south exposed - 8,856 Sqft. Room for gardens, private yard w/ mature trees, XL patio, fully fenced. UPDATES: You name it, it's got it - tastefully updates in 2008 with renovations including windows/vinyl siding/kitchen/carpet/tile and laminate floor. SPACE: 2035 Sqft. - 4 bedroom, 3 bathroom, xl rec room and full bathroom in basement - perfect for growing family or inlaws. LOCATION: Flat, no-thru street, family friendly neighbourhood. Close to a wealth of amenities - SCHOOLS, transportation and HOSPITAL. CALL NOW!
Marten Felgnar 604-250-4175
Ivanka Culjak 604-736-1805 ivankac365@gmail.com
Heather Langis 604-720-0091
Linda Song 778-990-6322
Surp Rai 604-763-5263
jpanrucker@sutton.com
hlangis@shaw.ca
lsong@sutton.com
surpsrai@gmail.com
$375,000
AMAZING RIVER VIEW AMAZING VALUE – 2 bed/2 bath open layout with Fraser River view in “The Residences” by the River in the fast growing Port Royal community.
www.dexterrealty.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale NEW LISTING
Taking our Listings Global $278,800
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OPEN SATURDAY 2:30-4:30 PM
8234 Burnlake Drive
QUALITY CUSTOM BBY HOME 8477 10th Avenue
13 Bedrooms! 8 Bathrooms! Custom built home on enormous 18,826 sq ft lot on desirable street in prestigious Government Road neighbourhood. Centrally located near Costco, SFU, Seaforth Elementary, Skytrain and Lougheed Mall. Builders note lot size; also great revenue potential. Asking $1,998,000.
Beautiful 2 years young 4050 sq ft home in East Burnaby. Quality finishing with 6 Bdrm and 7 Bthrm. Massive family room with gourmet kitchen. Crown molding and Cherrywood flooring found throughout. Good sized Master bedroom with fabulous ensuite. Huge private 59 FT X 135 FT lot. 2 bdrms in basement for extended family. Centrally located near schools, transit, Highgate and Metrotown mall. Asking $1,798,000.
RYAN TAYLOR 778.929.4290 RyanTaylorRealEstate.com ■
John Panrucker 604-230-7390
217-83 STAR CR.
OPEN SUNDAY 2:30-4:30 PM
COURT ORDERED SALE ATTENTION RENOVATORS AND INVESTORS
Fantastic Metrotown Burnaby condo being sold 'As Is, Where Is'. This bright, large one bedroom unit is completely ready for ALL your finishing touches - in a well maintained CONVENIENTLY LOCATED strata building. Private ground level patio and garden area. Complete this unit yourself for immediate up-side potential. Amazing central location blocks away from ALL the amenities on an outstanding street! The Buyer/s should independently verify all listing information.. #106-6669 TELFORD AVENUE DAVID YOUNG 604-263-1144
5100 45 Avenue, Ladner $1,420,000
Professionally Crafted Construction by Penta Homes on large 5,080 square foot lot within walking distance to both Ladner Elementary and Delta Secondary Schools + all shopping amenities. Lovely 2 storey home on 5000 sq ft lot with southern facing backyard bringing plenty of natural light. Main floor bedroom with separate entrance from garage would be perfect nanny or in-law suite. Stunning open layout, 9’ ceilings on both floors, Valted ceilings, crown moldings, modern gas fireplace, granite counters, hardwood floors, Large Open Pantry which could be used as spice kitchen, all the features you would expect in a Penta Home. Wonderfully located in a great neighbourhood close to parks and just minutes to Ladner Village and transportation.
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GEORGE GOMORY FREE HOME EVALUATIONS
604-765-7653
Call Now!
8060 Reigate Rd., Burnaby Lake $1,999,000 OPEN SAT & SUN 2-4 PM 4000 sqft 3 level home with 4 bedrooms up, office on main, easy to suite down.
www.GeorgeGomory.com #403-6055 Nelson Avenue, Burnaby $549,000 Spacious 1099 sqft 2 bedroom 2 bathroom condo. Steps to Metrotown and Skytrain.
Designer craftsman that resonates modern chic. Cozy and welcoming sits this custom 2 storey w/bsmt home in a secluded gated community of select homes. Unique home was built with absolute comfort & quality in mind with refinement and finesse in every detail. Beautiful living space with feature fireplace and stunning floors carried throughout. Gourmet kitchen with lovely attention to functionality. Stainless steel appliances, coffee area, eat-up bar, & built-in dining area with room for 12. Master on the main with huge walk-in and a sleek ensuite with double sinks, vanity area & private water closet. Rear private patio provides harmonious river and mountain views. Step inside and let it speak for itself. Less than an hour east of Vancouver. 34635 GORDON PLACE, HATZIC BENCH $969,900
Indoor pool and gym. Showing by appointment
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 Van Hoeke
office: 604.931.7227
778.388.1965
westcoast
Rose Chandler
dave@stevestonrealestate.com
#136-13819 232nd Street, Maple Ridge This is the one you’ve been waiting for!! Overlooking the quiet greenbelt and located in the prime area of the complex, this 1,400 sq ft 3 bedroom 2 full bath end unit shows like new. The open concept main living area is perfect for entertaining and boasts 9’ ceilings, extra windows, tons of natural light, laminate flooring, functional island, granite counters, sleek black appliances, spacious dining area and a private fully fenced extra wide walk-out backyard. Parking for 3 including a tandem garage with ample Visitor parking nearby. This family oriented complex has a playground, no pet or rental restrictions, and is close to all that Silver Valley has to offer trails, hiking, swimming, Golden Ears Park, transit and more!
604.787.5140 rose.chandler@shaw.ca
Coquitlam 616 Kemsley Ave
Angie Bisca 778.893.7143 angiebisca@outlook.com
New Westminster 106 Fifth Ave
SOLD
FOR SALE
$1,638,000
New Westminster 223 Queens Ave
SOLD
$2,400,000
$1,305,000
List Price $419,900
Call or email us if you want to:
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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
Sell or Buy Receive a free home evaluation Receive automatic email notifications when the kind of house you are interested in comes on the market. Receive extensive real estate reports and stats for the area you are interested in. (example) New Westminster Neighbourhood Brunette Connaught Heights Downtown NW Fraserview NW Glenbrook North Moody Park North Arm Quay Queens Park Queensborough
Sales 0 0 0 0 2 0 0 0 1 2
Active Listing 0 5 3 2 4 5 0 0 4 15
Benchmark Price $0 $968,900 $0 $1,233,200 $1,047,300 $1,039,800 $0 $0 $1,291.700 $918,600
One-Year Change -+27.5% -+10.6% +14.9% +17.3% --+13.3% +20.1%
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Your Rental Champions
we rent a property every day! www.MaximumInc.ca
IN PRINT AND ONLINE Your go-to source for the latest Lower Mainland listings, news and advice
5517 18th Avenue Tsawwassen
$2690
~ 5 bedrooms ~ 3 bathrooms ~ 2 kitchens David Moore 778-991-1966 #203 1624 56 St., Delta BC V4L 0A2
Call to discuss your rental needs DAVID (778) 991-1966 昝ⅾ䮰昝⥂ߙ昧쥯䰾 JACKY (778) 996-9908
Tel (604) 216-7368 fax 1-(888)-732-9907
33 years of experience GOLD MASTER MEDALLION CLUB
W E S T M A R
604-290-2650 cell
view interior photos at www.randylarsen.com Two storey townhouse style condo in the heart of Steveston Village #117 - 4280 MONCTON STREET OPEN SUNDAY 2-4 PM Asking $888,000
BUSINESS OPPORTUNITY RICHMOND SPORTING GOODS STORE Asking $685,000 (plus inventory)
HARRY SIEMPELKAMP 604.218.2169 harry@royallepage.ca ■ www.siempelkamp.ca harry@roya
llepage.ca
1475 sq ft. bright and spacious two storey, 2 bed and 3 bath, townhouse style, condo in the heart of Steveston Village. Open concept main floor with living room, dinning room, den and updated kitchen featuring stainless steel appliances and gas range. Large master suite with walk in closet. 2 secure side by side parking and 2 out door spaces to enjoy all that Steveston has to offer!
Successful sporting goods store! Family run for over 25 years! A member of the Source for Sports group, inventory purchased at the lowest possible price! (Valuable!) Huge client base, loyal customers to the store with their friendly staff. The business is flexible to customer needs, apparel driven, team sales, lacrosse, hockey, skates, shoes, scooters, Heely’s & in-lines, skate sharpening all year round. One of the top stores in the Lower Mainland, great store location with ample parking! Turn-key operation, Sellers offering 6 months or more training. Call for more details!
112-10160 RYAN ROAD STORNOWAY 1 BEDROOM Asking $258,000
GORGEOUS - 1/2 ACRE RICHMOND - GREAT LOCATION! Reduced! Asking $1,998,000
OPEN HOUSE SATURDAY 2-4PM 181 65B Street GREENBELT
$949,000 Fabulous Boundary Bay location - west rear yard backing onto greenbelt! 5000 sf lot with cute, comfy and solid 1200 sf 2-3 bedroom bungalow. Live the Bay lifestyle close to the best beach and exciting new Southlands community. Virtual tour, come to the opens or call to book your private viewing!
OPEN HOUSE SUNDAY 2-4PM 244 66th Street RICHMOND’S BEST KEPT SECRET! Nicely updated spacious 1 bedroom unit in Stornoway. South facing unit stays bright and sunny in the mornings and cool in the afternoons. Large bedroom and living room can accommodate house sized furniture. Unit was tastefully updated in 2015. Meticulously maintained complex run by a very proactive strata council and a healthy contingency fund. All new windows have already been approved and paid for by the seller. DO NOT miss this beautiful unit in a 19+, NO pets and NO rental building. NOT ON GROUND FLOOR!
GREAT LOCATION! 1/2 acre lot on Granville Avenue, in the center of Richmond on the prestigious street of estate homes. Build your dream house over 7000 sq ft, (note neighbours 1/2 acre also For Sale!) This is a great holding property with a sunny, flat, south facing backyard with mature manicured 30 ft. high hedge for ultimate privacy. Live in, rent out or build? Minutes from Ironwood, Richmond Centre, surrounded by many new estate homes makes this property & location a perfect choice. New 4 car garage in back! Peat removed & back filled, solid ground with good drainage. Walking distance to nature trails, close to many private schools, elementary and high schools. This unique property will give a lasting sense of living in the country yet only minutes to downtown Vancouver and the Richmond core. 11120 Granville Ave., Rmd.
Please call Randy Larsen at 604.290.2650 • 33 Years Experience!
$1,098,000
Boundary Bay pristine rancher 1530 sf with 3 bedrooms, 2 full baths and a bright open floor plan. Over-size garage, wrap-around sundeck extends living space into the outdoors. Quiet street just a pleasant stroll to the best beach. Call or email Harry for your private viewing.
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RIVERPARKPLACELIVING.CA 604 670 7027
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Welcome to your own private haven at Parker House, Polygon’s final collection of boutique apartment residences at Windsor Gate. Only here do stylish, open-plan residences meet twenty-five acres of master-planned living and a lavish 18,000 square foot clubhouse inside Coquitlam’s most sought-after neighbourhood.
MOVE-IN READY. LARGE TWO BEDROOMS FROM $439,900.
WINDSOR GATE
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SALES OFFICE:
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1151 Windsor Mews Open Noon to 5pm Daily (except Friday) 604.945.8741 parkerhouse@polyhomes.com
POLYGON PARKER HOUSE LTD.
POLYGON WINDSOR GATE LTD.
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*Based on 65% financing, 2.35% interest rate (current 5 year fixed rate) and 30 year amortization period. Offer only applies to select units.
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 LEARN HOW TO SAVE $22,000*!
+ 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
10 REASONS TRIOMPHE IS THE BEST OWNERSHIP OPTION
1 Bedroom starting from $380,000s 2 Bedroom and 1 Bath starting from $470,000s 2 Bedroom and 2 Baths starting from $580,000s
FIRST RELEASE SOLD OUT! SECOND RELEASE NOW AVAILABLE
RESIDENTIAL LUXURY IN BRENTWOOD. THE LONGEST VIEW IN THE LOWER MAINLAND.
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THE KIRKLAND: LUXURY BOUTIQUE LIVING IN HISTORIC KERRISDALE
K
errisdale is one of Vancouver’s most sought-after and elegant neighbourhoods to live, work and indulge. With its rich history, Kerrisdale is noted as an upscale enclave of Westside Vancouver. Within this treelined, quaint area, with its popular and charming village, is where you will discover The Kirkland. The Kirkland is a luxury, boutique-style, five-storey concrete building showcasing an exquisite collection of 20 expansive two- and three-bedroom residences. The Kirkland embodies the evolution of the sophisticated transitional style fused with a nod to the neighbourhood’s rich history. “The Kirkland is integrating the original facade of the historic 1920s Kirkland Metal Shop into the new building,” says Leon Bogner, principal and founder of Bogner Development Group. For Kerrisdale residents who are considering downsizing, but aren’t sure about condo living – no worries. “We made sure to design these condos so they truly feel like single-family homes,” adds the wellrespected local developer, who has nearly five decades of
building excellence. The impressive New York-style lobby welcomes you home in style, while the homes’ spacious and inviting interiors, ranging from 1,173 to 2,028 square feet, are full of light and boast exceptional finishes. The Kirkland features old-world craftsmanship and contemporary decor that discerning buyers want. Each sophisticated home will be showcased by engineered hardwood flooring throughout living space, grand entry cove with ceiling detail and individually controlled heating and air-conditioning for year-round comfort. The spacious master bedroom will feature walk-in closets with customdesigned organizer and an ensuite that will make one think they are in a five-star hotel bathroom. The kitchens guarantee to impress – they will feature European-inspired cabinetry, a Wolf integrated stainlesssteel appliances package, as well as polished quartz countertops with matching backsplash. Outside, the private balconies and expansive terraces are a perfect extension of your new home. As one of the most distinguished neighbourhoods in
Vancouver, you will find plenty of amenities including transit and recreational opportunities, all within easy walking or driving distance. Independent boutique shops, cafes and restaurants and easy access to transit are just a few of the reasons why you want to live at The Kirkland. Mark your calendars: Join the team at The Kirkland to toast the New Year and the unprecedented success of The Kirkland on Sunday, January 29 from 11am to 1pm at the Kirkland Presentation Centre, with light refreshments provided. During this special event ONLY, there will be a limited-time offer of a pre-construction bonus on homes. For more information or to RSVP or the event, contact the sales team directly at 604-808-0886 or email info@ thekirkland.ca. Act now, as more than 60 per cent of the homes are already sold. The presentation centre, located at 6178 East Boulevard, Vancouver, is open daily from noon to 5pm (except Fridays) or by appointment. For more information, call 604-808-0886, email info@thekirkland.ca or visit www.thekirkland.ca. Tentative occupancy is expected in fall/winter 2018.
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