BURNABY
WEDNESDAY, WEDNESDAY, JANUARY MARCH20, 2, 2016
TRI-CITIES
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BC Budget 2016: First-Time Buyers Sidelined, Local New Home Buyers Win
I
t doesn’t matter if you’re a first-time buyer or not – the province is focusing the much-needed affordability measures in its 2016 BC Budget towards buyers of newly built entry-level homes, Finance Minister Mike de Jong announced February 16. In an unexpected move, which had been widely predicted to be a cut in Property Transfer Tax (PTT) specifically for first-time buyers, de Jong announced that buyers of new homes up to $750,000 in value will no longer have to pay PTT (although GST still applies), effective February 17. This exemption is available to Canadian citizens and permanent residents only, and is exclusively applicable to primary residences, with strict occupancy requirements. For those who meet the criteria, the change will save buyers of new homes up to $13,000.
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REW.CA /NEWS TO READ THESE STORIES AND MUCH MORE REAL ESTATE NEWS AND ADVICE
To help pay for this, the province is raising PTT on homes worth more than $2 million from two to three per cent, on the portion of the value above $2 million. The third major housing initiative announced was the collection of data on foreign ownership. From this summer, everybody buying a home in BC will be required to state whether they are a citizen or permanent resident of Canada, and if they are not, they must disclose their country of citizenship. In corporate property purchases, the directors of the company must disclose their citizenship. However, the announcement did not state what such data would be used for. The budget presentation slides pointed out that this kind of data collection was stopped in 1998 due to “compliance costs
and lack of data use” and added that there is now “a consensus that the data are required.” De Jong also said that the BC government would be working with municipalities to “reduce the hidden costs in home purchases, and make those costs clear and transparent to home buyers.” The British Columbia Real Estate Association was quick to respond to the measures, largely offering its support. In a statement, it said, “Collecting and analyzing information on real estate transactions will help the provincial government make fact-based policy decisions. BCREA welcomes this initiative and looks forward to having the data publicly available.” The association was more measured in its response to the PTT changes. “The PTT exemption for new homes up to $750,000 will help stimulate supply of new housing and provide more opportunities for home ownership across the province. This exemption is commendable, however with many new housing projects taking years to complete, it may not have the immediate
Whoʼs Buying What? A Look at Trends in Vancouver Real Estate
Virtual Tour of Michael Jacksonʼs Neverland Ranch, Listed for $100m
impact desired by the government.” It also said that the other changes to Property Transfer Tax did not go far enough. “While the new three per cent threshold for properties over $2 million is intended to pay for the new home exemption, the province has missed an opportunity to raise the existing threshold levels to provide broader PTT relief for those who cannot afford a newly constructed home and who are not first time homebuyers.” The association added: “By not indexing the threshold levels, the province ensures that – in an environment of rising home prices – an increasing number of homes will fall within the new three per cent threshold, resulting in a higher tax burden on more home buyers.” It concluded, “The BCREA continues to call on the provincial government to: • Increase the 1% PTT threshold from $200,000 to $525,000; • Index the 1% PTT threshold using the MLS® Home Price Index, and make adjustments annually; • Index the exemption threshold for the First-Time Home Buyers’ Program using the MLS® Home Price Index, and make adjustments annually.”
Photo Gallery: Stunning Burnaby Home Renovation, Before and After
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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
81 Fernway Drive
❚
www.monettyler.com NEW LISTING
$918,000 20113 120A Avenue, Maple Ridge
$708,000 75 Fernway Drive
$938,000
NEW LISTING
LD SVEO ING R ASK
O
215-960 Lynn Valley Road, N. Van
$328,000 3456 Wilkie Avenue, Burke Mtn
TONY FILIPPELLI “Serving you, your family and friends for 30 years now”
LD SVEO ING R ASK
O
$1,038,000 125 Fernway Drive
$978,000
HELEN ROOZENDAAL 604.939.6666
West Real Estate Services
Head & Shoulders Above the Rest OPPORTUNITY KNOCKS
$1,58 8,8 00
545 YALE RD., PORT MOODY • 180 Degree Ocean View • Extensive Renovation • Over 3800 sq ft on 3 levels • 9872 sq ft Lot
$478,8 00
Helen Roozendaal 604-939-6666
415-600 KLAHANIE, PORT MOODY • Top Floor • Huge Deck. S/E View • Gorgeous Interior Finishing • 2 Bedroom, 2 Bath • 2 Parking Spots
west real estate
Great opportunity in the heart of Coquitlam's Town Centre. Squeaky clean with smartly updated flooring and spacious, open floor plan. Light, bright and well maintained featuring 2 bedrooms, 1 bathroom and a huge balcony overlooking the courtyard. Other features include insuite laundry and plenty of storage. This lovely home is within walking distance of Coquitlam Centre, Aquatic Centre, Glenpine Seniors Centre, Douglas College and all forms of transit including Westcoast Express and the soon to be completed Evergreen Line. Age restricted to 19+. Sorry, pets or rentals are not permitted. Offered at $229,900. Call now.
off 604.939.6666 www.tonyfilippelli.ca tony_filippelli@telus.net
Thinking of a Real Estate Career? You are invited to a career seminar on March 8, 2016, 7pm-9pm at Royal LePage West Real Estate Services, 101-2264 Elgin Ave, Port Coquitlam. To register or for more information please contact Cora Toth, Leah Baynes-Bettger or Sandra Stevens at 604-939-6666 or realtors@royallepage.ca
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Kim Woodley 604-657-9323
Helping you is what I do! 1059 CORNELL AVE
SOLD!
Located in Coquitlam’s prestigious Lake District this home has been beautifully custom built with over 5,000 sqft of luxury and high end finishes and exudes pride of ownership throughout. Four huge bdrms up, each with bathrooms along with a lavish master bdrm that features a spa-like ensuite. Main floor includes gourmet kitchen, family room, grand foyer, formal dining room, living room and generous office. The lower level provides a spacious media room, three baths and adjoining laundry annexed to two unauthorized suites. Additional enhancements include: seven bdrms, seven baths, laundry off kitchen, crown moldings throughout – some with backlights, extensive detail in moldings and casings with a coffered ceiling in dining room and recessed ceiling with obscured lighting in family room, in-floor hot water on all three levels, high quality tile, laminate and engineered flooring throughout, 400 sqft of covered deck with gas and 2x6 and rainscreen construction along with plywood subfloor throughout.
1602 PITT RIVER RD
SOLD!
Nice 4 bedroom - 3 bathroom basement/split entry home on a large corner lot with private fenced backyard. Original hardwood floors upstairs, living room has gas fireplace and French doors leading out to covered balcony out front with Mt. Baker views to the east. Kitchen has stainless steel appliances, breakfast bar and access to private covered deck out back. Huge master bedroom with ensuite, lots of closet space and French doors leading out to covered back deck. Downstairs features the ultimate “Man Cave” with an English Pub like setting complete with bar, dart board area and pool table. There are also 2 bedrooms and kitchen downstairs giving you the option for extended family or possibly rent out. Wired workshop/shed out back. Great character and potential.
List Price $799,900
List Price $1,999,888
#54-206 LAVAL ST.
SOLD!
This beautiful home ticks off all the boxes! Three spacious bedrooms (one a large den) on one level, two baths, two parking, corner unit, massive patio plus a private “champagne deck” off the mstr bdrm. This mostly upgraded home is immaculate, just move in and enjoy! The kitchen features upgraded counters, cupboards and new S/S appliances. You will love the pantry! The LR and DR exude warmth, with help from the gas fireplace! There’s a lot of windows in this corner unit and beautiful laminate flrs. Fresh paint and newer lighting throughout! The massive fenced patio is private, could be changed back to a grassy area. Rainscreened building for your peace of mind. Walk to IKEA, Superstore and Silver City; short walk/ride to Skytrain. 2 dogs any size, limited rentals.
461 MONTGOMERY ST
OPEN!
OPEN HOUSE MAR 5th & 6th, 2 TO 4 PM
936 JARVIS ST. SOLD!
Very desirable, family oriented Central Coquitlam location. Large (1882 sq ft) rancher with three bedrooms, 2 bathrooms with 4th bedroom/family room/In-law suite option. Recent updates include 300 sf sunroom off kitchen, windows, fireplace, workshop and more. Great 78 foot lot, private, fenced with RV parking. Walk to all amenities and all levels of education.
List Price $989,888
231 LEBLEU ST.
One of Coquitlam’s finest neighbourhoods. Homes on this street rarely become available. Immaculate 65 x 143 level lot, back yard with westerly exposure. 2 level home, lovingly maintained by current owners, and extensively remodeled over the years from top to bottom. Home features hardwood throughout main, 4 bdrms, 3 baths, warm family room off kitchen with access to a large deck overlooking a beautiful back yard. 3 fireplaces, high efficiency furnace with heat pump (A/C). A wonderful place to call home!
NEW!
TWO LEGAL RT-1 LOTS. Already subdivided into two legal entities with nonconforming three-plex in middle of property. Three frontages, LeBleu, Alderson and lane with large garage on corner of one lot. The home has high revenue and is a solid, extremely well maintained investment property. The other option is to build - no subdivision necessary. Start building two homes (3 level) with garage and carriage home off lane. RT-3 potential also. For Information Package text Realtor.
List Price $1,390,000
List Price $389,500
List Price $1,688,888
Phone now for a no cost market evaluation - a $450 value! www.kimwoodley.com * kimwoodley8@gmail.com
"MR. ROGERS" Luke e
Glenn 604.790.2345
Chad August
Brookside Realty
604.318.5254
604.780.2304 4
WWW.CHADAUGUST.COM chadaugust@shaw.ca
www.MRROGERS.ca Brookside Realty 11933 224th Street Maple Ridge, BC
NEW
NG ISTI
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$728,900
NEW
L
NG ISTI
$729,900
NEW LISTING 24298 100B $599,900
OPEN HOUSE SAT & SUN 2-4 PM 26051 102nd Street, Maple Ridge
Loads of recent updates & Chefs kitchen Large Greenbelt yard & 2 bed suite $728,900
1 acre estate – live the life! Rancher featuring 3 bed 2 bath. Urban Reserve.
G
NEW
$1.595 MILLION
12640 Ansell Academy Park Million $ VIEW in Executive Neighbourhood 1 acre estate home, Pool and Privacy
G N I D N E P FFER O
1003-12069 Harris Rd $1,368,000
R2016194
11070 238th Street, Maple Ridge
IN LIST
2 PENTHOUSE UNITS
CALL "MR. ROGERS" TODAY FOR THE MAPLE RIDGE & PITT MEADOWS AREAS. Let us welcome you to the neighbourhood. "MR. ROGERS"
1006-12067 Harris Rd $1,248,000 R2036491 2 storey + bsmt 2800 sqft Backs onto greenbelt Immaculate inside
#503 12148 224th, Maple Ridge
12460 Ansell Academy Park
Seniors 55+ or better only please, Maple Ridge has Great Senior amenities and Programs, come see
CALL LUKE FOR MORE ACADEMY PARK ESTATES COMING AVAILABLE!
R2106903
26525 121st UNDER CONSTRUCTION $1,499,900
V1143168
T S JU LD SO
Just under 2300 sq ft 2 bed + den Spectacular views
Over 5000 sqft of living Master on main Huge separate detached shop Still to to customize
NEW LISTING 21336 River Road
OLD JUST S R2028384
11920 228th $2,660,000
V1127619
Almost 1 acre of development land zone RM-6 Previous high rise site Call for info package
NEW LISTING #112 12238 224th St., MR 1 bed + den (could be 2 bed), 1 bath
2500 sqft 2 storey + bsmt 8500 sqft private lot $649,900
Over 2000 sq ft 2 bed, den + media Great s/w views
Updated throughout - new floors, paint and fixtures
R2037593
Popular Urbano, investor friendly
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Hassenn ‘The Good Guy’ 604-802-4454 www.teamphilhaig.com info@teamphilhaig.com
“I take pride in putting my clients needs first!” www.TheGoodGuy.ca
Hassenn Khaseipoul
Each office independently owned and operated
RE/MAX All Points Realty
Port Moody
$1,198,888
Open Sat 2-4
4 Parkwood Place • Spotless home on a quiet cul-de-sac close to schools on Heritage Mtn. • Beautiful private-fenced rear yard with patio & hot tub with gazebo • Nothing to do but move into approx. 3200 sq/ft home • 3 bedroom home with lovely finished basement featuring separate entrance • Massive master bedroom, lovely ensuite with soaker tub & large walk-in closet
Coquitlam
$2,980,000
Open Sun 2-4
3016 Plateau Boulevard
• Astonishing home in Westwood Plateau! • Substantially renovated and upgraded in 2010 • Over 7200 sq/ft on 3 levels, 6 bedrooms, 6 bathrooms • View of mountains and a cozy private backyard • Too many features to list! Please contact William Tian at 778-990-5036
PERSONAL REAL ESTATE CORPORATION
Rare Opportunity
Tastefully renovated!
Brand new luxury home
Coquitlam $1,589,000 + GST
Burnaby $1,498,800
Coquitlam West $2,580,000 + GST
This brand new luxury home located in sought after “Canyon Springs” blocks from all kinds of schools, Douglas College, Coquitlam Centre Mall and future skytrain station. This 3 level home is over 4000 sq ft and has a 2bdrm legal suite and gorgeous views of the mountains.
Completely renovated 5bdrm and 3 bath home located in a good family neighbourhood. Walk to Lougheed Town Centre and Skytrain station. This home is located across from a quiet park with gorgeous mountain views
Move in to over 6000 sq. ft. with 8 bedrooms & 7 bathrooms. Over 8000 sq ft south facing lot with back lane access. This house has it all! Close to Burnaby border! MUST BE SEEN! Ask us how we can help you to upgrade to this gorgeous home! Check the video on our website.
Feels Like a Home!
JUST MOVE IN
Affordable Home
Oxford Heights, Port Coq $838,800
Coquitlam Ranch Park $898,000
Coquitlam $84,500
Beautiful 5 bedroom home in a great family neighbourhood. Some of the many updates include roof, gutters, kitchen with granite counter tops, stainless steel appliances, and more. Long wide driveway is perfect for your RV or Boat.
Beautifully updated 4 bdrm and 3 bath home located in prestigious Ranch Park. Over 11,000 sq ft lot and mountain view. Walk to future Skytrain and Coquitlam Centre Mall.
Tony Alves
2 bdrm & den double wide manufactured home located in family-friendly Park with Lots of updates! Amenities includes swimming pool, tennis court and club house. Just 5 minutes from Hwy 1 and Skytrain.
Teresa Pang
604.889.7008
604.617.0189
Centre Realty 604.435.9477 www.tonyalves.ca • aalves@sutton.com
Looking for a New Brokerage?
407-4310 HASTINGS STREET, BURNABY • $368,000
Receive the highest level of support from our experienced Managing Broker. NO FRANCHISE FEES THREE EXCELLENT FEE PLANS STRONG SUPPORT
Roloff Veld Managing Broker
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
pangt@sutton.com
M
SAT
P E US Y 2-4 O H DA EN SUN P O Y& DA UR
The “Union” on the Heights, is a high quality low-rise concrete building built by Mosaic. This luxurious unit on the upper floor, faces South with great views of Brentwood and Metrotown Mall skylines. Quiet side of the building. Superb finished inside with radiant heat, wood floors, gourmet kitchen with s/s appliances and quarts tops. Step outside and enjoy the very diverse and lively atmosphere of the local shops, restaurants and fruits and vegetables. Huge rooftop deck gorgeous views.
Learn from the Real professionals
Start now. Our comprehensive 5 week & 10 week courses will teach you how. • Daytime & Evenings. • Tuition only $649 • First class FREE - try us out!
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MARILOU APPLEBY 604-263-1144 DEXTER ASSOCIATES REALTY 6975 ARCOLA ST.
$1,188,000
www.dexterrealty.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale
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.
Taking our Listings Global
$699,000
$878,800
Most desirable location with gated front yard and private large balcony. 3 bed & 2.5 bath Townhome in Terramor. 17-9088 Halston Court The Go Team 604-263-1144
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
$598,800
$229,000
OPPORTUNITY KNOCKS
Brooke Alexander 604-813-1044
2 BEDROOM AT KEY WEST
CITY OASIS
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.
1A - 501 COCHRANE AVE Brooke Alexander
$369,900 604-813-1044
Find Your Dream Home Anywhere, Anytime
TRY OUR NEW REW.CA MOBILE SITE
Thomas Homes SHOW HOME 425 Montgomery Street, Coquitlam
Open House every Saturday & Sunday 1-4 pm Visit my websiteThomashomes.ca Give me a call 604.562.3841 TDH HOMES LTD©
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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
$1,350,000
CENTRAL PARK DUPLEX LIVING! Located on a quiet cul-de-sac, this quality built 5BR 1/2 duplex is situated in a prime central location. Walking distance to Moscrop Secondary, Central Park and Joyce Skytrain. New flooring throughout, 12 ft ceilings, S/S appliances, granite counters, and a gorgeous solarium make this a must see! 5236 DIVINE PLACE. Matthew Chow 604-889-8103
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. Vaune Kolber 604-506-7534
$260,000
2 BED + OFFICE IN BRENTWOOD Investors & First Time Buyers - This fabulous condo is for you! Great home; great value; great investment. Well managed building. Desirable neighbourhood on tree-lined street. Short walk to Brentwood Mall, skytrain, restaurants. Springer Park across street. A MUST SEE! #208-1945 Woodway Pl Alan Yasin & Lori Pettigrew 604-649-7040
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METRO EDGE REALTY RECRUITING REALTORS RIGHT NOW!! Amazing New Real Estate Company is Already Exploding For All the Right Reasons We opened our company December 1st 2015 and in 2 short months this is what happened. • • • • • • • • • • •
Open 60 days and 61 agents have joined us 29 sales in January & 37 new listings 4 high producing teams have joined us Launched our agent Training Program with 13 training days in February Held first big training workshop which over sold twice (standing room only) Secured 3 locations (2 in Richmond and 1 in Surrey) Currently looking for 4 other locations (North Shore, Vancouver, Burnaby, Coquitlam) Launched our exclusive Mentor Program for new agents Launched our exclusive Community Based (Farm Marketing) Strategy Secured building and building financing divisions Finalizing details on Property Management Division
For further information or to join Please Call
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• NO DESK FEE
604 • 368 • 5669
• $300 PER DEAL
Managing Broker
Email: deand@metroedge.ca
(LIMITED TIME OFFER)
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Website: www.metroedge.ca
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Your one-stop source of lower mainland home listings and real estate news. RESALE HOME LISTINGS | NEW HOMES FOR SALE | AGENT PROFILES | REAL ESTATE MARKET NEWS | HOME BUYING & SELLING ADVICE
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West Coast Condominium – your essential guide to condo life in the Lower Mainland. Get the latest news, stats and inside information on the region’s vibrant condo market: • Neighbourhood stats and current sales • Expert condo buying and selling advice • New development previews • Investment essentials • Condo décor and home solutions
Pick up a copy at over 1,600 retail locations in Greater Vancouver Or go to www.rew.ca for our virtual edition. To advertise call 604-379-4576 or email lfry@glaciermedia.ca
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LIVE. GROW. ENJOY.
Family-Size Townhomes
KIN
GSW AY
IMPERIAL ST
COMING SPRING 2016
SHORT ST
BERE
SFOR
THIS IS NOT AN OFFERING FOR SALE. ANY OFFERING CAN ONLY BE MADE WITH A DISCLOSURE STATEMENT. PRICES ARE SUBJECT TO CHANGE WITHOUT NOTICE E.&O.E.
D ST
MACPHERSON AVE
ROAYL OAK AVE
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C
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LIVING TO THE FULLEST
Introducing The Lloyd by Polygon, the newest collection of high-rise homes in Coquitlam’s master-planned community of Windsor Gate. A rare combination of seamless architecture, picturesque streets and a stunning private clubhouse set in a convenient central Coquitlam location.
FOR MORE INFORMATION VISIT POLYHOMES.COM 3096 Windsor Gate, Coquitlam 604.942.8416 thelloyd@polyhomes.com
POLYGON LLOYD TOWER LTD. POLYGON WINDSOR GATE LTD. This is currently not an offering for sale. Any such offering can only be made by way of a disclosure statement. E.& O.E.
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BURNABY • TRI-CITIES
WEDNESDAY, MARCH 2, 2016
Looking for a new home? Start here.
R E A L
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W E E K L Y
BC’s New Home Construction Spending Sees Warm December: StatCan
I
nvestment in home building in BC increased nearly 12.6 per cent year over year in December to $713 million, according to Statistics Canada figures released February 22. Single-family home construction saw the largest total investment of the four property types at $327 million, a rise of 4.9 per cent compared with December
2014, although this was a seasonally predictable drop of 9.2 per cent month over month. Multi-family construction in the province was a close second in total investment at $303 million spent in December. But this figure was again a much steeper pace of annual growth, at 25.5 per cent more than December 2014. The figure was a decline
of 10.1 per cent compared with November. Although spending on townhouse and row home construction is much lower, the figure keeps rising steadily, up 15.6 per cent year over year to $62 million in December. This was fall of 15.4 per cent from November 2015. Continuing the trend of the last several months, the only new home type to see an annual decline in investment in December was duplex housing, spending on which fell nearly 19 per cent year over year to total less than $23 million, a
slight rise of 2.3 per cent from November. As usual, the province’s total $713 million new home construction spend was once again the third-highest dollar figure in the country, after Ontario and Alberta. BC’s 12.6 per cent annual increase in December was again the second-sharpest rise in new home investment, with only Ontario outpacing the province, as Alberta’s total was a near-16 per cent drop compared with December 2014. Across the country, investment in new home building rose at a much more moderate pace than BC’s, with its total of $3.9 billion in December a rise of 4.8 per
cent from the same month a year earlier and a drop of 10.2 per cent compared with November. As with last month, the strongest growth in Canadian construction investment was seen in multi-family home buildings, which rose nearly 24 per cent year over year. There was also some increased spending on townhomes and row homes, up 3.4 per cent since the previous December. Statistics Canada yet again reported notable year-over-year declines in nationwide spending on single-family housing and duplexes, with investment in these homes dropping 3.4 per cent and 16.2 per cent respectively.
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