BURNABY
WEDNESDAY, WEDNESDAY, JANUARY JULY 20, 13, 2016
TRI-CITIES
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R E A L E S TAT E W E E K LY
Pace of Metro Vancouver Home Sale Growth Sees Summer Cool-Off: Board
T
he pace of growth in Greater Vancouver home sales slowed considerably in June, with transactions up only 0.6 per cent compared with the same month last year, and down 7.7 compared with the previous month, the Real Estate Board of Greater Vancouver (REBGV) reported July 5. Despite this, sales were still 28.1 per cent above the 10-year sales average for the month and make last month the highest-selling June on record. “While we’re starting to see more properties coming onto the market in recent months, the imbalance between supply and demand continues to influence market conditions,” said Dan Morrison, REBGV president.
Sales and Listings Residential property sales in the region totalled 4,400 in June 2016, an increase of 0.6 per cent from the 4,375 sales recorded in June 2015 and a decrease of 7.7 per cent compared to May 2016 when
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4,769 homes sold. So far this year, the market peaked in March, when an all-time high of 5,173 homes were sold in Greater Vancouver. Breaking June’s figures down reveals huge differences between the directions of different property types. There were 1,562 single-family home sales in June, which is a significant decrease of 18.6 per cent from the 1,920 sales recorded in June 2015, and a 16.2 per cent drop compared with May’s 1,865 detached house sales. Townhouse and other attached home transactions told a different story. The total of 730 sales was an increase of 7.2 per cent over the 681 units in June 2015, but a fall of 3.2 per cent compared with May’s 754 townhome sales. Sales of condo-apartment unit continued to outstrip other property types in Metro Vancouver, with 2,108 units changing hands in June 2016, a leap of 18.8 per cent compared with the 1,774 sales in June 2015, albeit a 1.9 per
BC Home Government Demand Scraps in Fraser Real Estate Valley Stays Industry Strong Self-in Regulation June, SalesFollowing Up 21%: Board Report
cent drop from May 2016’s figure of 2,150 sales. New home listings on the Greater Vancouver MLS ® increased by 1.2 per cent year over year to 5,875 homes. However, this was 6.6 per cent lower than May 2016, with fewer sellers listing their homes as the summer months began. This meant that total active listings at the end of June stood at 7,812, 35.9 per cent down year over year. Interestingly, this is a slight rise of 1.1 per cent over the active listings at the end of the month, reflecting the slowing of sales between May and June. The sales-to-active listings ratio for June 2016 stood at 56.3 per cent. Although this strongly indicates the current seller’s market, this is the lowest ratio since February of this year.
Benchmark Prices The combined residential property type benchmark price in Metro Vancouver xx again in June, at $917,800 – a 31 per cent
Changes Main Street ThatNamed Can Make in Top Your 15 Coolest Lender Pull Streets Yourin North America MortgagebyApproval Retail Survey
year-over-year rise. The region’s typical single-family home is now priced at $1,561,500, a hike of 38.7 per cent compared with the same month last year, and once more the steepest price rise of all property types. This was a rise of nearly 3.2 per cent since just the previous month. As usual, this overall figure obscures the vast range of detached home prices between different areas. June’s benchmark price of a townhome or other attached unit in Greater Vancouver increased 28.1 per cent over June 2015 to $656,900, up 3.9 per cent compared with May. Condo-apartment benchmark prices in June rose 25.3 per cent compared with June 2015 to $501,100, a rise of 3.3 per cent compared with May. 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 in the REBGV full statistics package at www. rebgv.org
Much-Publicized Auction of Editorial: Donʼt Get Excited Burnaby Teardown Fails by $150m Funds for with No BiddersHousing Showing Affordable in Up BC
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Monet TYLER
Sussex
2015
2015
#10 Royal LePage Realtor in BC 2015 #1 Royal LePage Realtor for Tricities in 2015
monet@monettyler.com NEW LISTING
❚
604.763.4307
NEW LISTING
51-2000 Panorama Drive
$998,888
4 Aspen Court
$1,498,800
90 2000 Panorama Drive
604.861.8819 604.439.2019
allanlal@yahoo.ca
99 2200 Panorama Drive
$798,000
$568,000
410-101 Morrissey Road
Brookside Realty
7505 Victoria Drive Vancouver V5P3Z6 (604) 322-3272
121 Fernway Drive
$1,058,000
I need Homes and Townhomes to sell!
SOLD
ALLAN LAL cell: res:
www.monettyler.com
NEW LISTING
SOLD 3582 Franklin Street, East Van $1, 250,000
❚
SOLD
$549,900
Chad August 604.318.5254 WWW.CHADAUGUST.COM chadaugust@shaw.ca
NEW LISTING ONE OF THE BEST SUITES YOU HAVE EVER SEEN #18861 122B AVE., PITT MEADOWS • $1,079,900 MLS R2085593
J UST LISTED 8044 16TH AVE., BURNABY $1,968,000 5 year old custom design. 3 bedroom upper floor, kitchen f/r, Chinese wok kitchen, 9 ft ceiling, gas f/p, radiant heat, expensive light fixtures, covered sundeck, 2 jacuzzi tubs, 2 attached & 2 detached garages, 2 bedroom ensuite, plus 1 bedroom suite, for owner’s use. Gated compound 47x138 lot with lane access, 1 block to elementary school, high school nearby, 3 blocks to Robert Burnaby Park, 1 block to public transportation, shopping nearby. Call Allan Lal 604-861-8819
-Over 3800sq ft of living space on 2 levels -7 or 8 Beds (Amazing 3 or 4 bedroom over 1700sq ft daylight inlaw suite) -Pitt Meadows Cul De Sac, steps from Highland Park -Large Over 7200sq ft lot 402-12020 207A $299,900
JUST SOLD
11750 192A ST
JUST SOLD
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GEORGE GOMORY FREE HOME EVALUATIONS Call Now!
Over 26 years of award-winning sales and service! Mark
604-765-7653 6239 CANADA WAY Buckingham Heights $1,298,000
Sheryl
Let’s talk about real estate: www.dawsonrealtyexperts.com
Alice
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. OPEN SUN 2-4 PM. Call now.
2600 sq ft 4 level split home on large 60 x 164 R1 Zoned Lot
OPEN SATURDAY 2-4
www.GeorgeGomory.com
602-6055 Nelson Ave., Forest Glen
8052 Willard St., Big Bend $799,000
SOALSD KING
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.
Large 42 x 251 A2 Zoned lot. Build your spacious new home here.
www.GeorgeGomory.com
www.GeorgeGomory.com
326 Hume St., Queensborough
7725 Berkley, Burnaby Lake
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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
IN PRINT AND ONLINE Your go-to source for the latest Lower Mainland listings, news and advice
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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.
SO
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!
www.dexterrealty.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale NEW LISTING
$750,000
Taking our Listings Global $449,900
NEW LISTING
OPEN SAT/SUN 2-4:30PM Unique opportunity for first-time buyers or investors. Beautiful character home with 4 bedrooms and 1 1/2 bathrooms plus full basement is waiting for you. Ample space for storage. This home on 6,500 sq.ft. is located in a quiet and safe neighbourhood, close to schools, transit, Walmart, Queensborough Shopping Centre, Starbucks Coffee, Tim Hortonʼs, Boston Pizza, medical/dental centre and much more. Direct access to Highway 91. Perfect home and location for a new family. Wonʼt last! 232 BOYNE STREET MONICA RAYNOLDS 604-537-5204
NEW LISTING $1,248,000
TWICE AS NICE!!
IMPRESSIVE 2 Bedroom + 2 bath + 2 parking + 2 storage locker suite in STATION. 886 sq.ft. beautifully appointed with CONTEMPORARY H/W floors, Quartz counter, Upscaled S/S appliances. Wide FLOOR PLAN = lots of natural light & sunshine. GEOTHERMAL heating & cooling. Close to West Coast Express, Evergreen Line, Rocky Point Park, shopping and restaurants = GREAT LOCATION. Pets & rentals welcomed. An OUTSTANDING HOME in an EXCEPTIONAL BUILDING! Visit www.fannywong.ca for photo tour.
507-95 MOODY STREET FANNY WONG 604-263-1144
$1,188,000
PRICE REDUCED $218,800
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
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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
WELL KEPT FAMILY HOME Family home in the heart of Highgate Village. 32 x 120 R5 lot with landscaped front and back yards. Could be yours to call home or to build your dream home! 6867 SALISBURY AVENUE
The Go Team 604-263-1144
FANTASTIC VIEW LOT!
COURT ORDER SALE!
V I E W. . . V I E W. . . V I E W. . . F a n t a s t i c 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!
COURT ORDER SALE - ATTENTION RENOVATORS 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 up-side 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
1985 WILTSHIRE AVENUE
104-210 Carnarvon Street
Maria Zavaglia 604-202-4124
David Young 604-263-1144
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$898,000
$1,558,000
A LOT OF LIVABILITY!
WANTED: ONE HAPPY FAMILY!
GOOD SOLID INVESTMENT Unique opportunity to own one IN TSAWWASSEN. Let's begin or both sides of a stratiďŹ ed Duplex with the lot...almost 11,000 sq. ft. in central Tsawwassen with an with 119' of frontage and north-south easy walk to schools. Deceiving orientation. The backyard feels like from the street, this 1/2 duplex an all-inclusive resort with in-ground measures over 3000 sq. ft., pool, privacy and plenty of sunshine! with 5 bedrooms, 3 bathrooms, Next the home...a family delight with plenty of parking & storage. Total a total of 4 bedrooms, large games lot size is over 10,000 sq. ft. room, massive home ofďŹ ce or hobby Improvements include updated room and brand new deck off the kitchen. The spacious 2-car garage electrical, plumbing, insulation, windows, roof and exterior siding. doubles as a work-out/exercise area. Buy as a group or family while still Excellent family retreat on a huge lot in a selective residential area. having your independence. One year rent back required. Pics & Plan www.toddjackson.ca Pics & Plan www.toddjackson.ca 5459 6th Avenue, Tsaw. 5134 Cliff Drive, Tsaw. $1,138,000
FAMILY APPROVED!
NOT A HOUSE - A HOME. A lot of livability and excellent value in this inviting family home. A total of 4 spacious bedrooms with separation for the large Master Bedroom that includes a walk-in closet & full ensuite. The 4th bedroom could also be used as a games room, media room or ofďŹ ce...it too has a full ensuite. 3.5 bathrooms in total. This well maintained home includes improvements to windows, roof, hot water tank & more. Big double car garage, Beachcomber hot tub, private sunny south exposed backyard, walking distance to both Elementary and High School plus a quiet safe cul-de-sac (Cambridge Court) for children! Get Settled before school!
Pics & Plan www.toddjackson.ca 5274 Cambridge Court, Tsaw.
NEW LISTING
NEW WEST TOWNHOME
NEW LISTING! $3,488,800
DESIGNER'S CHOICE
$889,000
FAMILY FUN!
One of South Delta’s most elegant residences located in a private cul-de-sac in upper Tsawwassen. This completely re-designed and re-built home includes 4 bedrooms all ensuited, 5 ½ bathrooms and a magniďŹ cent ofďŹ ce. Thoughtful architectural design with unparalleled interior ďŹ nishes and detail that include a gourmet kitchen opening to a secluded, south exposed, backyard oasis with pool, hot tub, ďŹ replace & outdoor kitchen. A home that obeys your every command, from any room in the house or anywhere in the world‌Control4 smart home. This home will take your breath away!
Pics & Plan www.toddjackson.ca 4956 1A Avenue, Tsaw.
Here is the other side of this wonderful Duplex opportunity! Plenty of room on each level to accommodate various living arrangements. Over 2600 sq.ft. of living on this one side with 4 bedrooms, 3 bathrooms, storage, parking and a private backyard. Upgraded electrical, plumbing, insulation, windows, roof and siding...nothing to do! Trying to ďŹ gure out how to pool your resources a nd live in sunny Tsawwassen... This is it! Pics & Plan www.toddjackson.ca 5461 6th Avenue, Tsaw.
$675,000
Spacious, Quiet, Functional, Practical & Updated townhome in FRASERVIEW PARK. Seldom do locations like this become available...end unit at the top of the interior road! Huge Master Bedroom on its own level with 5 piece ensuite, walk-in closet with organizers, and view of Glenbrook Ravine. Double car garage, gas ďŹ replace, vaulted ceilings, outdoor patio with grass area & gardens. Improvements include roof, boiler, hot water tank, ooring throughout, kitchen & appliances, bathrooms, ooring throughout & ďŹ xtures.
$1,688,000
EXPRESS YOURSELF!
MagniďŹ cent newer home on Spetifore Crescent in central Tsawwassen. This home offers a bright & open oor plan with 9’ ceilings on the main with vaults to 15". Spacious maple kitchen with granite countertops, stainless steel appliances and eating bar with easy access to the covered patio & back yard. Just off the kitchen is a large family room with beautiful coffered ceiling. Upstairs has 3 good sized bedrooms all with closet organizers. The ensuite has a luxurious 2 person jetted soaker tub. Lots of storage, spotlessly clean and ready for immediate occupancy. Convenient to shopping, schools and recreation.
Pics & Plan www.toddjackson.ca #3-56 Richmond Street, New Westminster
Pics & Plan www.toddjackson.ca 5363 Spetifore Cr, Tsaw.
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180O VIEW: SUNSHINE, GOLF COURSE & MOUNTAINS 1363 Square Feet Condo
Large windows for
High quality construction for long term living & return on investment
Private covered deck with BBQ outlet, for luxurious year-round entertaining
COVERED DECK GAS BBQ OUTLET
Large open concept living
GAS F/P
Stunning Golf Course and Northshore Mountain views from the master bedroom
LIVING
KING SIZE BED SHOWN
14'-5" x 12'-7"
MASTER BEDROOM 12'-3" x 13'-0"
DINING
14'-5" x 10'-0"
Breakfast bar, perfect for entertaining
Large walk in closet
WALK-IN CLOSET
5'-11" x 6'-6"
High end stainless steel appliances & natural gas cook range
KITCHEN
Spacious ensuite with double vanity
11'-4" x 8'-6"
ENSUITE
Enclave for a unique & bright desk space LAUNDRY
BEDROOM
In-suite laundry
Private separation between entry & living space
13'-4" x 10'-0"
Walk-in closet for second master bedroom
DEN
9'-0" x 8'-0"
ENTRY
STORAGE ROOM 9'-7" x 5'-6"
WALK-IN CLOSET 5'-9" x 5'-6"
HRV, Geoexchange heating, Large in-suite storage room
THE BEST FREEHOLD INVESTMENT IN THE REGION. Starting at just $779,900
HWY 99
TO VANCOUVER
RICHMOND
HWY 17- A
TO PEACE ARCH (US) BORDER
5099 Springs Boulevard, Tsawwassen T. 604.948.4663 (HOME) info@tsawwassensprings.ca
TSAWWASSENSPRINGS.CA
SPRINGS BLVD
FERRY TERMINAL
SFPR - HWY 17
Great Homes: All On Freehold Land. A Resort Community, 30 Minutes Or Less To Everything.
electricity costs
52 ST
Double door entry
56 ST
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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.
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BURNABY • TRI-CITIES
WEDNESDAY, JULY 13, 2016
Looking for a new home? Start here.
R E A L
E S T A T E
W E E K L Y
BC’s New Home Building Investment Smashes Previous Record: StatCan
N
ew housing investment in BC rose to a record high of more than $945 million in April 2016 – a jump of 28.3 per cent over the $736 million spent in April 2015, and a lift of 15 per cent over the previous month, according to Statistics Canada. The figure smashes the record set in October last year of $874 million, and bodes well for construction in 2016. The new housing investment trend cycle has historically been relatively low in spring compared with late summer and fall months, so this record is likely to be broken again several times this year and could breach the $1 billion mark for the first time. Detached houses in the province received the largest chunk of investment, having reemerged as BC’s home type seeing the highest total spending
the previous month, this time rising 17.3 per cent year over year to more than $430 million. This was an increase of 13.1 per cent over the month before. Spending on new condoapartment buildings, which until recently had seen the most investment, was the next highest in April at $402 million. However, this housing type once again recorded by far the sharpest year-over-year increase, a leap of nearly 49 per cent over April 2015, and a month-overmonth rise of 17.7 per cent over March. Statistics Canada said in its report, “Higher investment in apartment and condominium buildings contributed the most to the gain [in BC], followed by single-family dwellings and row houses.”
Townhouse and row home construction investment in the province continued its rise from a lower base figure, up 25.6 per cent year over year to nearly $86 million in April. This was also a rise of 14 per cent compared with March 2016. Investment in BC duplexes continued to wane, dropping in April by 13.7 per cent compared with the same month a year ago, to total less than $27 million, although this was a strong improvement of 11.6 per cent over March this year.
National Picture The $945 million total investment in new housing in the province meant BC held onto its place as the second-largest-investing province, once again easily outpaced by Ontario, which spent
more than $1.67 billion on new home construction in April. BC’s 28.3 per cent annual increase was also the second-steepest increase in housing investment in April, unsurprisingly beaten only by Ontario, at 32.7 per cent year-over-year growth. Resource-dependent provinces continued to post weak year-over-year figures in April, with Alberta (-28 per cent), Saskatchewan (-24.6 per cent), Newfoundland and Labrador (-14 per cent) and Manitoba (-7 per cent) all spending considerably less on new home construction than in the same month last year. Nationwide, new home construction again increased more steadily, by 8.4 per cent year over year to a total of nearly $4.25 billion in April. However this equates to an uncharacteristically steep month-over-month rise of 10.4 per cent compared
with March. Reflecting the trends in BC, total Canadian condo construction investment saw the steepest growth in April, up nearly 21 per cent year over year to $1.53 billion across the country. Investment in townhomes and row homes rose 14.2 per cent compared with the previous April. Single-family homes were the nation’s most popular new housing type, with detached construction investment across Canada totalling nearly $2.1 billion in April, although this was only a 2.1 per cent rise year over year. Duplex construction in Canada again followed the pattern seen in BC, as April posted an annual drop of 14.7 per cent in investment in this housing type, totalling $194 million across the entire country.
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