BURNABY / TRI-CITIES Mar 16, 2016 Real Estate Weekly by Real Estate Weekly

BURNABY

WEDNESDAY, WEDNESDAY, JANUARY MARCH 20, 16, 2016

TRI-CITIES

info@rew.ca • 604-435-7977

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Vancouver’s Home Sales See Another Leap in February: REBGV

reater Vancouver home sales over the month, which rose more than 36 per cent year over year, according to Real Estate Board of Greater Vancouver (REBGV) reported March 2. Like January’s ﬁgures, and like the Fraser Valley, the residential unit sales volume is the highest ever recorded for the month of February in Greater Vancouver, said the board.

Sales Greater Vancouver home sales in February totalled 4,172, a 36.3 per cent rise compared with the 3,061 sales recorded in February 2015 and an increase of 65.6 per cent versus January 2016, when 2,519 homes sold. February’s sales were 56.3 per cent above the 10-year sales average for the month and were also 65.6 per cent higher than January’s ﬁgures, as the spring market got under way early. Split by property type, there were 1,778 detached home sales in the region in

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February, a rise of 37.2 per cent versus February 2015, and an increase of 69.8 per cent month over month. Townhome and other attached property sales continued to grow, although they further slowed their rate of annual sales growth in February. The total of 604 sales was a year-over-year increase of 15.9 per cent and a jump of nearly 61 per cent over January. Sales of condominium-apartments totalled 1,790 in February 2016, an increase of 43.9 per cent compared with February 2015. This was once more the fastest annual sales growth of the three types, and again the property type with the highest total sales. It was also a 63 per cent leap over January’s ﬁgures.

Listings Property inventory was still tight in February, although it continued its recovery compared with recent months. New listings for all home types in Metro Vancouver totalled 5,812 in February 2016,

Vancouverʼs Home Vacancy Rate is Less Than 5%: City-Commissioned Report

an increase of 7.1 per cent compared with February 2015, and a strong boost of 30.8 per cent month over month. The total number of properties currently available as of the end of February is 7,299. This is a 38.7 per cent drop compared with February 2015 but an 8.9 per cent increase compared to January 2016. Greater Vancouver’s sales-to-active listings ratio for February 2016 is 57.2 per cent, making it the 12th consecutive month that the sales-to-active-listings ratio has been above 30 per cent in Metro Vancouver, as the strong sellers’ market retains its ﬁrm grip.

Benchmark Prices Metro Vancouver’s combined residential benchmark price predictably set another new record in February, at $795,500, a rise of 22.2 per cent compared with February 2015 and a 0.7 per cent rise over the previous month’s price. The area’s typical detached home is now priced at $1,305,600, a rise of 27 per cent

Editorial: Vacancies Not the Reason for Vancouverʼs High Home Prices

compared with the same month last year, and once more the sharpest rise in prices of all the property types. This was a rise of 0.9 per cent over January’s $1,293,700. The benchmark price of a townhome or other attached unit in Greater Vancouver increased 17 per cent over February 2015 to $569,600, up 1 per cent compared with January. Condo-apartment benchmark prices continued to be the most volatile, in February slowing their annual growth somewhat, but still up 17.7 per cent over February 2015 to $454,600. This property type was the only one to record a monthover-month decline in benchmark price, down 0.4 per cent compared with January’s $456,600, as high levels of new inventory eased demand and pressure on prices. 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, available at www.rebgv.org

Mortgages for Single Parents: Navigating the Real Estate Market Solo

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Monet TYLER

Sussex

2015

#10 Royal LePage Realtor in BC 2015 #1 Royal LePage Realtor for Tricities in 2015

monet@monettyler.com

❚

604.763.4307

COMING SOON

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www.monettyler.com

NEW LISTING

#19 55 Hawthorn Drive

$675,000

303 April Road

$1,288,000

NEW LISTING

135 Evergreen Crescent, Anmore

$950,000

75 Fernway Drive

$938,000

NEW LISTING

#58 55 Hawthorn Drive

$948,000

Tony Alves

81 Fernway Drive

Teresa Pang

604.889.7008

604.617.0189

Centre Realty 604.435.9477 www.tonyalves.ca • aalves@sutton.com

pangt@sutton.com

6998 FIELDING COURT, BURNABY • $1,688,000

$918,000

Thomas Homes SHOW HOME

452 Montgomery Street, Coquitlam

P SE 2-4 U HO DAY EN SUN P O Y& DA UR

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Spacious welcoming home of 4300 S.F. in the Government Road Area with a South facing yard located in a private and quiet cul-de-sac. The grand entrance foyer leads you to entertainment size living/dining rooms combo, updated gourmet kitchen with high end appliances, sub-zero fridge, five-star gas range, two convection ovens and granite counters, plus large family room, 3 pcs bath room and an office/guest bedroom. The upstairs offers 4 good sized bedrooms, 3 full baths, large master bdrm w/I closet. Lets not to forget the professionally finished 3 bdrms with separate entrance in basement, makes this home ideal for a large family. The many updates over the last few years include, engineering floors throughout, furnace and hot water tank. OPEN SAT & SUN 2-4 PM.

Open House every Saturday & Sunday 1-4 pm Visit my website Thomashomes.ca Give me a call 604.562.3841 TDH HOMES LTD©

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326 Hume St., Queensborough

1001 - 3007 Glen Dr. North Coquitlam

$999,000

SOLD This gorgeous family home sits proudly on a flat 10,000 square foot lot just steps away from the Vancouver Golf Course! Taken down to studs in 2010, this home was completely rebuilt with a brand new exterior, roof, electrical, plumbing, windows, 2 gas fire places, central vac, security system and more. No expense was spared! From the oversized front entrance to the gourmet kitchen with granite counters, huge pantry and professional grade stainless appliances overlooking a large family room with a beautiful gas fireplace, you will not be disappointed. 3 big bedrooms up, 2 bathrooms, plenty of storage and a large back patio overlooking the fully fenced private backyard complete the upper floor. Downstairs is a large rec room with second gas fireplace, an easy 4th bedroom or den, full bath, kitchen and separate entrance. Double garage, additional RV parking, extensive stone and retaining wall work, and a large, secure storage shed – this home truly has it all!

New "never lived" in 1 Bedroom and Den Condo with 630 sq.ft. Rentals OK, Pets OK Close to coming SkyTrain, Mall, restaurants

Lovely 2700 sqft home built in 2005 with 6 bedroom, 4 bathroom home with 2 bedroom legal suite down

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8052 Willard, Big Bend

156 14600 Morris Valley Rd. Mission - Lake Errock $755,000

$92,000

Large 42x251 lot. Zoned Small Holdings District A2. Ideal for single family home.

Trailer on Strata Pad in great year round vacation spot, Golf, Ski, & Fish.

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Welcome to Davison Subdivision, Very desirable Neighbourhood West Central location, steps to Schools, Transit and Parks, 3 bedrooms up with 1or2 down (Suitable) Sunny South Facing Private yard, High Efficiency Furnace, New Updated Kitchen leads to covered Patio for BBQs.

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1331 Erskine Street, Coquitlam $1,600,000

Brookside Realty

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Rarely does a Home like this become available. Have it all: Location, Stunning Views and a Suite all on a Large Bright Corner lot (9,639 sq.ft.). 3,628 sq. ft. 3 bedroom & den up with 2 bedroom & 2 bathroom suite (separate laundry). The welcoming foyer has a curved staircase with big skylight. Dining & Living room have a unique vaulted cedar ceiling, FR]\ JDV Ă&#x20AC;UHSODFH DQG YLHZV WR WKH PRXQWDLQV 2DN KDUGZRRG Ă RRU Ă RZV WKURXJK WKH HQWU\ KDOOZD\ DQG kitchen. Newer Kitchen Cabinets, Counter and Kitchen Aid Stainless Steel Appliances. Family room opens to a covered deck that takes full advantage of the epic panoramic view to Burke Mountain, Golden Ears, Mt. Baker and LaFarge Lake. The 2 Bedroom, 2 Bathroom suite feels like a rancher home with EULJKW ZLQGRZV DQG LWÂˇV ZDONRXW WR D massive stamped concrete patio and huge yard that take full advantage of the views. Loads of storage, tons of SDUNLQJ <RXÂˇOO EH DPD]HG %H VXUH WR watch the video at www.mjordan.ca

42 - 2381 Argue Street, Port Coq. $775,000 :DWHUVLGH /LYLQJ DW 7KH %RDUGZDON RQ WKH )UDVHU River. A location and home that is blessed by nature. Built by award winning Liberty Homes. Peekaboo river views from front deck and HYHU\ EHGURRP VTIW EHGURRP EDWKURRPV 0DLQ Ă RRU ZLWK KDV Âˇ FHLOLQJV Newer granite counter in the spacious kitchen and fully updated powder room. Separate living and dining area also have a deck. Huge master bedroom with nice ensuite. Large rec. room down with slider to patio. Beach access IHHW WR WKH ZHVW $ FRPPXWHUV GUHDP WUDIĂ&#x20AC;F OLJKW EHWZHHQ WKLV KRPH DQG 9DQFRXYHU <RXÂˇOO ZDQW WR FDOO WKLV KRXVH +20(

23719 114A Street, Maple Ridge $850,000 24395 112 Avenue, Maple Ridge $750,000 Location Cul-de-sac and&XO GH VDF basement suiteâ&#x20AC;Ś /RFDWLRQ & Nature! 1DWXUH DQG EDVHPHQW \RX KDYH + den, LW 3.5 DOO yes, you can VXLWHÂŤ\HV have it all! 4352 sqft,FDQ 5 bedroom 4352 sqft, 5Relax bedroom + den, 3.5great bathroom. Relax in the 2 bathroom. in the 2 story room that is blessed storyagreat room that blessed greenbelt rear yard with greenbelt rearisyard and with ďŹ&#x201A;oorato ceiling river rock DQG Ă RRU WR FHLOLQJ ULYHU URFN Ă&#x20AC;UHSODFH 7KH RSHQ Ă RRU SODQ ďŹ replace. The open ďŹ&#x201A;oor plan takes full advantage of the takes fullsurroundings. advantage of the natural Enjoy the natural Enjoy thesurroundings. separate Living/Dining separate Living/Dining 4 Bedrooms plus den on Rooms. 4 Bedrooms Rooms. up plus den on main.upLower level main. level is like a separate rancher thattrees. looks is like Lower a separate rancher home that lookshome into the LQWR WKH WUHHV %RQXV VTIW FUDZO VSDFH $ 0XVW 6HH Bonus - 600 sqft crawl space. A Must See!

0HWLFXORXVO\ PDLQWDLQHG OLNH QHZ 1R *67 %ULJKW &RUQHU ORW surrounded by the natural beauty that this area of Maple Ridge SURYLGHV WKLV LV ZKHUH WKH (DJOHV Ă \ :HOFRPLQJ ZUDSDURXQG SRUFK :RQGHUIXO Ă RRU SODQ DQG TXDOLW\ Ă&#x20AC;QLVKLQJ WKURXJKRXW EHGURRP DQG GHQ VT IW VT IW XQĂ&#x20AC;QLVKHG EDVHPHQW LV UHDG\ IRU \RXU LGHDV IRRW FHLOLQJV DQG ORWV RI ZLQGRZV RQ WKH PDLQ 'UHDP kitchen with a big island, stainless steel Samsung fridge & range. *RUJHRXV ÂˇÂˇ ZRRG ODPLQDWH ZLGH SODQN Ă RRULQJ /RYHO\ PDVWHU UHWUHDW KDV YDXOWHG FHLOLQJV DQG D KXJH ZDON LQ FORVHW 6SD OLNH HQVXLWH has a stand alone tub and oversized shower. Loft area upstairs FRXOG EH D WK EHGURRP 2YHUVL]HG Âˇ [ Âˇ JDUDJH DOVR URRP IRU 59 SDUNLQJ $FW IDVW %H VXUH WR ZDWFK WKH YLGHR DW ZZZ PMRUGDQ FD

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5 GREAT REASONS TO COME TO MAPLE RIDGE 1. Just under 1 acre in the centre of town RM6 zoning 2. Opportunity to build 16-19 storey highrise 3. First of its kind offered concrete and steel 4. One of the best values in the Lower Mainland 5. Amazing views Call today for an information package

UNDER CONSTRUCTION 26425 121ST AVENUE, MAPLE RIDGE $1,600,000

- 4 bed, 4 bath, 5200sq ft master on main - 1 acre lot in prestigious forest hills - Rare detached shop/garage

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off 604.939.6666 www.tonyďŹ lippelli.ca tony_ďŹ lippelli@telus.net

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ROYAL LEPAGE CONGRATULATES THEIR

Westside

2015 AWARD WINNERS Susan Ninow

Nick Parente

Provincial Top Ten Individual National Chairman’s Club Lifetime Award of Excellence Diamond Award

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Congratulates Our Top Performers for 2015

centre realty

ELITE AWARD WINNERS

PINNACLE AWARD WINNERS

â&#x20AC;˘6 R E W.ca Âť BUR N ABY / T R I- C IT IES Âť WE DN ES DAY M ARC H 16, 2 0 16

â&#x2DC;&#x2026; â&#x2DC;&#x2026; â&#x2DC;&#x2026; â&#x2DC;&#x2026; â&#x2DC;&#x2026; â&#x2DC;&#x2026; â&#x2DC;&#x2026; â&#x2DC;&#x2026; â&#x2DC;&#x2026; â&#x2DC;&#x2026;

â&#x2DC;&#x2026;â&#x2DC;&#x2026; Jerry Liu

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Brian Kim

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Carlo Melo

Fred Moy

Nadia Naderi

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DIAMOND AWARD WINNERS

Leon Beauregard

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Al Kassam

Stanley Ng

Spomenka Nikic Fortunato Pagliaro

Aislynn Radley

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Winfield Yan

PLATINUM AWARD WINNERS

Mahmoud Ahamed

Tony Alves

Darshan Brar

David Cho

Wayne Chow

Daniel Claeys

Emily Coates

John Conte

Francesco De Frenza Marina De Gregorio

Justin Deng

Ramnik Dhaliwal

Vincenzo Di Salvo

Gerard Doody

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Bill Dritsas

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Sonny Hoang

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PRESIDENT'S AWARD WINNERS

Dwayne Engelsman

Aggie Fritz

Michael Hansby

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Ernie Lee

Bruno Ngui

Dimitrios Nivoliantis

Beth Quan Cerna

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Managing Broker:

Jordy Brisbin

Alex Chronakis

Lotus Chung

Mehran Dadbeh

Leonardo Difrancesco

Robert Ethier

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Ray Magleo

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DIRECTOR'S AWARD WINNERS

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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 M A RC H 1 6, 2 0 1 6

MARILOU APPLEBY

www.dexterrealty.com

604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale

604-263-1144 DEXTER ASSOCIATES REALTY

Taking our Listings Global 6975 ARCOLA ST.

604 REGAN AVE.

$1,400,000

7,900 sq.ft. development site, currently zoned RT-1, land value. No sign, DO NOT DISTURB THE OWNERS. Call for details. Ed Gramauskas 604-263-1144 $598,800

$878,800

$1,188,000

SMART MONEY LANDS HERE Solid mature beauty is ready to go. This well-cared for 5 bdrm/3 bath family home has many options for the astute buyer. Ask me about possible land assembly. Close to great schools, shopping and transit. Private viewing only.

OPPORTUNITY KNOCKS Large 6 bedroom / 3 bathroom home centrally located in Sapperton. Mortgage helper in place. Great for 1st time buyers or investor. 126 Braid Street The Go Team 604-263-1144

Brooke Alexander 604-813-1044

$219,900

DEXTER ASSOCIATES REALTY SPACIOUS SUITE, LARGE PATIO, AMAZING LOCATION! End 1362 sq ft, 2 bdrms, 2 bths, make it your own! 350 sq ft priv patio w sep entry & 2 parking. Insuite laundry, kingsize master & large ensuite.

2 BEDROOM AT KEY WEST

CITY OASIS Above ground garden level 3 bedrooms / 2 bathrooms with 340+ sq.ft. Fenced patio in High Gate. 2 parking + locker. Pet and rental allowed. #201 - 7325 Arcola Street The Go Team 604-263-1144

SPACIOUS open concept condo in fantastic location! Close to schools, shopping, transit and highways. Refreshed with new paint throughout and new laminate ﬂoor in 2nd bedroom/den. Cozy up to the gas ﬁreplace in the winter and enjoy BBQs with friends on the large patio in summer! Welcome home! 102-1999 SUFFOLK AVE.

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9• R E W.ca » B U R N A BY / T R I - C I T I ES » W E D N ES DAY M A RC H 1 6, 2 0 1 6

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BURNABY • TRI-CITIES

WEDNESDAY, MARCH 16, 2016

Looking for a new home? Start here.

R E A L

E S T A T E

W E E K L Y

THE ROYAL AT VICTORIA HILL LIVES UP TO ITS NAME Onni Group unveils the last offering in the sought-after Victoria Hill masterplanned community in New Westminster

n the highly sought-after masterplanned community of Victoria Hill, one of the largest and most respected developers in Canada, Onni Group, is once again oﬀering a unique and exciting new project, The Royal. Designed by award-winning Yamamoto Architecture, The Royal will feature two boutique four-storey buildings blending the best of Old World charm with today’s contemporary design. The Royal features only 63 homes, including six townhomes centered on a

beautifully landscaped plaza that will create a gathering place and further encourage the sense of community that has made Victoria Hill so popular with its residents. Thoughtfully designed, these homes will reflect the lifestyle needs of first-time home owners, downsizers and empty nesters. Situated at the heart of the award-winning community, nestled between Centre Pond Park and The Grand Lawn, with heritage trees, paths and greenways, it’s easy to understand why there’s been such a huge response. “The Royal will be the last chance to buy a brand new home in Victoria Hill, a wellestablished neighbourhood with over 40 acres of green space,” says Sam Jenkins, regional sales manager at Onni Group of Companies. “This will be a very limited opportunity and is the final piece of land to be developed at Victoria Hill, which Onni has been building for over a decade now.”

Victoria Hill is attracting a lot of buzz from the immediate or surrounding cities, everyone taken by the natural beauty that surrounds this community. “It’s a much more aﬀordable option and more and more people are moving here for its central location within the Lower Mainland and the bridgeless commute downtown,” he adds. Ranging from 610 to 1,385 square feet, The Royal features spacious one- and three-bedroom homes that include generous outdoor space (with particularly large terraces on all upper-level homes) for entertaining or catching a spectacular sunset. Then there is the private, residentsonly amenities space. It showcases a 1,300-square-foot professionally equipped ﬁtness centre with state-of-the-art weightlifting equipment. As well, there is a wellappointed outdoor lounge for dining and entertaining with direct access to a beau-

tifully landscaped rooftop overlooking the Fraser River with a BBQ area and artificial turf lawn. The Royal offers a truly carefree living experience in this New Westminster community. Starting from $329,900, these beautifully appointed homes are rare today. In addition, your new home is close to transit, shopping and everything an urbanite wants. “The Royal is the final chapter for Victoria Hill,” adds Jenkins. “A pedestrian friendly neighbourhood located right next door to Queen’s Park … people love the sense of community that Onni has created here and really appreciate how connected it is to transit yet hidden away from the hustle and bustle of downtown.” For more information, call 604-5230733, email theroyal@onni.com or visit www.onni.com/theroyal. Open daily from noon to 6pm (except Fridays). Estimated completion is slated for fall 2017.

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