BURNABY
WEDNESDAY, WEDNESDAY,MARCH JANUARY 20, 8, 2016 2017
TRI-CITIES
info@rew.ca • 604-435-7977
Plumbing - Heating - Gas / Service & Installation • Hot Water Tank Replacement • Boiler Service & Replacement • Installation of new plumbing fixtures • Drain Cleaning & Drain Tile Repair or Replacement • Re-pipes and Water Main Repair • Renovations of Kitchens and Baths • Home Purchaser Plumbing & Mechanical Inspections
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BC’s First-Time Home Buyers Get a (Small) Tax Break
T
he BC government is raising the threshold for the first-time buyer Property Transfer Tax exemption to $500,000 from $475,000, finance minister Mike de Jong announced February 21 in the 2017 Budget Announcement. The partial exemption threshold has also increased to $525,000 from $500,000. The changes will now aff ect more first-time home buyers by exempting, or partially exempting, those buying between $475K and $525K, and affected buyers will save up to $8,000, which is an increase of $500 from the previous system. The new threshold will be effective for home purchase registrations made on or after February 22, 2017. Minister de Jong said, “This will complement other actions we have taken, such as the introduction last year of a newly built home exemption to the Property Transfer Tax [on new homes under $750,000], which has helped more than 5,500 families save an average of $7,600. In Budget 2017 we are going further.” He added, “When you ask British Columbians about the pressures they face, many will focus on the cost of housing. The problems with housing affordability and availability aren’t easy to resolve, but there are some levers the government can use to help ease things. But… we can’t just focus on getting more people into the market without adding to supply – that’s just going to drive prices higher. “In the coming year the government will also explore and implement opportunities to partner and invest with local governments, to ensure cities and municipalities have the capacity and incentives… needed to expedite and process approvals and permitting of housing development applications.” The province will also continue to administer its recently launched $700 million BC HOME Partnership program, which offers first-time home buyers up to $37,500 in down-payment-matching loans, which are interest- and paymentfree for the first five years.
GO TO
REW.CA /NEWS TO READ THESE STORIES AND MUCH MORE REAL ESTATE NEWS AND ADVICE
Industry Reactions In a press release issued moments after the announcement, the Canadian Home Builders’ Association of British Columbia (CHBA BC) welcomed the increase to the first-time buyer exemption threshold. It added that the organization had recommended such an increase in its pre-Budget submission, “to better reflect rising home prices.” Neil Moody, CEO of CHBA BC, stated, “CHBA BC has advocated for changes to the outdated property transfer tax structure for many years, and this reduction in tax is positive for firsttime home buyers in all areas of the province.
Eight Great Tips to Set Your Home-Buying Budget
“It may seem like a small increase, but it represents that the program is keeping pace with rising home prices. It provides a larger threshold for first-time home buyers to purchase within and receive the tax savings.” The Urban Development Institute also immediately offered its support to the move. President and CEO Anne McMullin said, “Increasing the Property Transfer Tax exemption threshold to $500,000 from $475,000 for first-time homebuyers’ will enable more locals and families to get onto the first rung of
Real Estate Therapist Show: Five Key Takeaways from… Bob de Wit
the property ladder.” She added that the industry group also supports the government’s strong focus on working with local governments in 2017 and beyond to increase housing supply, which also creates more highpaying jobs in the sector. “I know we keep hammering this point, but fl ooding the market with more housing options, from rowhomes and townhomes to duplexes and others, will help alleviate the pricing and demand pressures and create healthy, more affordable communities.” However, the British Columbia Real Estate Association said that, while it supported an increase in the threshold, the change did not go far enough. It argued that the new threshold should have been set at $750,000 – in line with the BC HOME loan program as well as the PTT exemption on new homes.
Photo Gallery: $10.8m West Van Mansion is an Architectural Dream
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Your Experienced Local Realtors Sutton Group - 1st West Realty AN INDEPENDENT MEMBER BROKER
Ted Yeoh 604-377-0186 tedyeoh1@gmail.com
604-942-7211 www.sutton1stwest.com
Marten Felgnar 604-250-4175
$1,598,000
mfelgnar@shaw.ca
NEW LISTING
$399,000
TOP FLOOR 1 + DEN Rare top floor one bedroom and den in Jackson House by Ledingham McAllister at Brentwood Gate. Walk to Brentwood Mall, skytrain and markets. Rental and pet friendly. 417-4788 BRENTWOOD DRIVE
John Panrucker 604-230-7390 jpanrucker@sutton.com
3416 PRITCHETT PLACE, COQUITLAM
www.dexterrealty.com
Gorgeous 3 level 3,928 sq. ft. home built by Laity Homes at Burke Mountain Coquitlam. Spacious great room with gas fireplace and high ceiling. Impressive kitchen adjacent to dining room. Wok kitchen. Fridge, Stove, dishwasher,washer and dryer included. Upstairs has 4 bedrooms and 3 bathrooms. Large master bedroom has a walk-in closet and 4 piece ensuite with separate tub and shower. Basement has 2 bedroom legal suite and recreation room. View to appreciate!
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale Orlando Johannson 604-803-4336
TED YEOH 604-377-0186
OPEN SAT 2-4PM
$1,288,000
orlandoj@shaw.ca
!
CE
Heather Langis 604-720-0091
Surp Rai 604-763-5263
Ivanka Culjak 604-736-1805
Jim Gwynn 604-880-0948
hlangis@shaw.ca
surpsrai@gmail.com
ivankac365@gmail.com
jgwynn@sutton.com
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Taking our Listings Global
EXCEPTIONAL VALUE Charming character home in prestigious Government Road area. First time on the mkt in 37 years! 4 bdrms, 2 full baths, split level + BONUS loft space can easily be used as a playroom or additional bdrms. Lovingly maintained and beautifully updated over the years with new kitchen, baths, high-efficiency furnace, roof, plumbing, electrical and much more. The backyard is a gardener’s delight with multiple patios designed with separate spaces and plantings with year round interest and colour. BIG workshop complete with 220 wiring and skylight. This is a great opportunity to move into Burnaby’s most sought after neighbourhood! Visit www.fannywong.ca for more info or call.
3826 Phillips Avenue
FANNY WONG 604-263-1144
NORM FLOCKHART
PREC
(604) 261-7275 13 Year Member of MLS Medallion Club
Looking for a New Brokerage?
$1,400,000
Receive the highest level of support from our experienced Managing Broker. NO FRANCHISE FEES THREE EXCELLENT FEE PLANS STRONG SUPPORT
LONG TERM OWNERS! WELL BUILT FAMILY HOME! 3 BRs on Main in this solid 2282 sq.ft. home from 1968. 1-1/2 Baths (2 pce Ensuite). In-laid oak flrs in big LR & DR. Kitchen tastefully updated 2 yrs ago. High Bsmt w/ a 4th BR, Den, Rec Rm, 3 pce Bath & Laundry! Easy to suite! 5186 Windsor Street, Van.
$329,000
Contact Roloff at 604-782-7327 or roloff@evergreenwestrealty.com
Roloff Veld Managing Broker
206-1120 Westwood Street, Coquitlam BC, V3B 7K8 T: 604 942 1389 www.evergreenwestrealty.com
IN PRINT AND ONLINE
DAVE VALLEE
PERSONAL REAL ESTATE CORPORATION
604-526-2888
www.TeamDaveVallee.com info@TeamDaveVallee.com RE/MAX Advantage Realty
Your go-to source for the latest Lower Mainland listings, news and advice
BIG SUITE! AFFORDABLE LIVING! This 987 sq.ft. 2 BR, 1-1/2 Bath unit is excellent value! Ground floor, corner suite faces south w/2 covered patios. Gas fireplace, full size insuite laundry pair & built-in buffet & hutch. Solid bldg. L3 - 1040 Fourth Ave., New West
www.normflockhart.com
#36 8868 16th Ave. • $980,000 Fabulous 3 bdrm, 4 bath, 2450 sf end unit T/H in “Crescent Heights” in the wonderful Crest area of Burnaby. Features beautiful 9’ coffered ceilings, crown moldings, mstr bdrm on the main, gas f/p, huge laundry rm, large rec room down w/double built in Murphy beds, spacious laundry room, double garage & private fenced south facing back yard. Complex has new roofs & is well maintained & managed. Pets ok.
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Harry Ratchford
Brian Elsey
604-315-2633 www.harryratchford.ca
604-551-9396 www.brianelsey.ca
111 5556 14th Avenue
$399,900
Life Member
www.brenteilers.com
Viewings by Appointment
D L O S
Greater Vancouver Real Estate Board
THE EXPERIENCE TO INFORM THE CONFIDENCE TO ADVISE FOCUSED ON RESULTS
Popular Windsor Woods! This unique corner unit has its own street entrance & private patio with natural gas BBQ hook up. This 2 bedroom, 2 bathroom unit features a gas fireplace, a large kitchen with lots of in suite storage, & a personal storage locker & bike room. It boasts laminate wood flooring in the dining room, hallways & kitchen. Sunny & bright with West exposure & lots of windows. Strata fee includes gas & hot water. Also included in the maintenance fee of this well managed complex are a fully equipped exercise room with hot tub/sauna. There is one secure parking stall. Amazing location next to Highland Park; close to the town centre, within walking distance of shops, schools, restaurants, & transit.
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4668 Wesley Drive Vancouver Heritage Classic...125 Boundary Road
Open House Sunday 2-4 SUB-DIVIDABLE! The Village! A delightful family home. Well
15,000 SF LOT
$1,498,800
maintained post & beam rancher with full basement on the largest lot currently available in this prestigious area of upper Tsawwassen. Main floor includes living room & separate dining room with vaulted cedar ceilings, W/B fireplace, beautiful hardwood flooring. Slider opens onto sundrenched west facing deck running the whole length of the house. 4 piece bathroom with separate shower, master on the main has 3 piece ensuite. Finished basement area includes large family room with slider to huge covered patio, games room, 2 bedrooms, 3 piece bath, w/b fireplace, large laundry room, extra storage & workshop. Easily suited. Fully fenced rear yard includes asphalt parking for RV.
Hurry to view this charming up-dated 3-4 bedroom 2400 sq. ft. character home originally built in 1928. Outstanding convenient location just one minute from the highway access, and close to everything. Easy care corner lot plays much bigger than its’ size. Stunning wide open views of city, ocean, and North Shore mountains. Fabulous landscaping including three private patio areas for entertaining. Interior has been tastefully updated preserving the old hardwoods and coved ceilings with the newer kitchen and bathrooms. Spectacular master bedroom with expansive views from your bedside. Extra accommodation down. Wow!!...only $1.598 mil. Masters, 200-1455 Bellevue Ave. West Vancouver, BC
Call Brian or Harry for a FREE MARKET EVALUATION of your home! RE/MAX PROGROUP - 5360 12TH AVE, DELTA, B.C. - 604.943.8080
AMEX BROADWAY WEST REALTY - SUITE 201-10055 W. BROADWAY - 604.738.8878
Eugene Knoedler PERSONAL REAL ESTATE CORPORATION SERVICE AND RESULTS YOU DESERVE CELL 604.219.3177 | DELTAREALESTATE.NET ET
Eugene@eugenek.ca Progroup Realty
Medallion Club represents the top 10% of Greater Vancouver Realtors based on MLS sales.
#204 1320 55th Street New Listing
$668,000
49 Georgia Wynd New Price
$1,288,000
Attention First Time Home Buyers! Get up to $37,500 towards your down payment with BC Government’s new First Time Home Buyer’s Program.
Fabulous 2 bedroom/2 bathroom 1508 sq. ft. end unit in the Sandalwood on 55th Street, built by Carl Jensen and meticulously maintained. This home is only steps to all the local amenities and overlooks Highland Park. Bright large rooms including spacious master suite with huge ensuite, separate living/dining room, new paint and carpet, large deck with BBQ gas hook up. These units are rarely available so act fast. Secured parking and large storage locker.
Located in Tsawwassen’s Heights and first time on the market, this 2887 sqft, 4 bedroom/3 bath home has been lovingly maintained and sits on a 9655 sq ft lot (75’x128’) with a bright South facing back yard. Georgia Wynd is a very quiet street and has Private Beach access. New windows and H/W tank. English Bluff or Pebble Hill School are options for Students. This is the perfect home and neighbourhood for new families, investors (buy hold and build). Call now for more details.
Please contact me to learn more about this program. 4965 8A Avenue $1,288,000
SOLD
RE/MAX Progroup Realty | 5360 12th Avenue, Delta, BC V4M 2B3 | Office 604.943.8080 | Eugene@eugenek.ca | deltarealestate.net Independently Owned and Operated
4463 45A Avenue $899,900
SOLD
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RE/MAX SANDY SO REALTY
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WESTERN W EST CANADA
LIFETIME MEMBER SINCE 1993
COMMUNITY CARE AWARD
PRESIDENT’S CLUB 4 YEARS
For Professional Service & Positive Results REDUCED
$2,988,000
$2,698,000
LISTINGS WANTED Lots of Buyers on hand, Local & Overseas Investors / Builders Please call 604-244-9622 for a free market evaluation
4471 PENDLEBURY ROAD, RICHMOND
3480 VINMORE AVE., RICHMOND BEAUTIFUL ‘SEAFAIR’ NEIGHBORHOOD! Brand New 3,988 sq ft executive home on huge 9,138 sq ft lot with SOUTH FACING backyard. Bright and spacious with high ceiling, 4 bedroom up plus a 1 bedroom legal suite and a Home Theatre. Gourmet Kitchen with Wok Kitchen, granite counters, stainless steel appliances, hot water radiant heat, central air-conditioning, HRV, video security alarm system and 3 car garage. Close to Seafair Shopping Mall, the dyke, Hugh Boyd School, Park & Community Centre, Steveston Village and transit.
OPEN SUN 2-4 PM
$2,599,000
5780 MURCHISON ROAD, RICHMOND GREAT NEIGHBORHOOD & LOCATION IN PRESTIGIOUS “RIVERDALE�! Beautifully maintained custom built home by owner builder, 3,672 sq ft living on 69X117 (8,073 sq ft) East facing lot. 4 bedrooms and den plus 1 bedroom in-law suite with separate entrance. Well laid out with high ceiling in Foyer, Living and Dining Room. Good size Kitchen with Wok Kitchen, granite counter, stainless steel appliances, hot water radiant heat, HRV, video monitor security system, 3 car garage and electric gate. Walking distance to Shopping Mall, the dyke, close to Burnett Secondary and Thompson Elementary, and minutes to City Centre and Vancouver.
COMING SOON
$1,998,000
$518,000
$2,498,000
PRESTIGIOUS “PENDLEBURY ROAD� IN BOYD PARK! EXCELLENT VALUE!! $120,000 spent in updates. Bright and spacious 3,888 sq ft on 66X133 (8,799 sq ft) SOUTH facing lot. Beautifully maintained 5 bedrooms plus den, includes 1 bedroom ensuited with separate entrance. Well laid out with grand Foyer, marble floor, high ceiling for Living & Dining Room, hardwood floor and lots of built-in cabinets. Hot water radiant heat, security system, electric gate, 3 car garage. Great location, steps to Hugh Boyd Secondary School with I.B. Program, Park, Community Centre, shopping mall, dyke and Steveston Village.
NEW LISTING
$2,499,000
5791 MONCTON STREET, RICHMOND
3906 LOCKHART ROAD, RICHMOND
ABSOLUTELY GORGEOUS! Beautiful designed brand new home in popular Steveston Village, 3,354 sq ft luxurious living on a 7,017 sq ft SOUTH FACING lot. Dramatic high ceiling, bright and spacious, 4 bedrooms up and a one bedroom legal suite down. Gourmet Kitchen with Wok Kitchen, high end “Mieleâ€? stainless steel appliances, quartz countertops and more‌ Quality built with stone facing exterior, hot water radiant heating. Air Conditioning, HRV and security video alarm monitor. 3 car garage. Great location, close to Steveston Village, Community Centre, schools and the dyke.
BEAUTIFUL ‘QUILCHENA’ NEIGHBORHOOD! Beautifully designed brand new home, featuring 3,074 sq ft luxurious living on a 5,817 sq ft lot with South facing backyard. Bright and spacious, 5 bedrooms, 4.5 baths. Gourmet Kitchen with Wok Kitchen, high end stainless steel appliances, custom mill work, quartz counter-tops and more.... Quality built, hot water radiant heating, A/C, HRV and security video alarm monitor. Great location, close to Golf Course, schools and shopping mall.
$928,000
$1,589,900
in 1 Week Over Asking 3671 BROADWAY STREET, RICHMOND
#411-8120 JONES ROAD, RICHMOND
TH3-8333 ANDERSON ROAD, RICHMOND
PERFECT LOCATION IN THE HEART OF STEVESTON VILLAGE! Beautifully designed, quality built home, South facing lot (3,960 sq ft). BRAND NEW 4 bedroom, 3 ½ baths, 2,259 sq ft luxurious living. Well laid out, dramatic high ceiling in Living Room, gourmet Kitchen, Wok Kitchen, granite counter, stainless steel appliances, central air-conditioning, HRV, hot water radiant heating, security alarm system, central vacuum. Steps to Steveston Village and shops, Garry Point Park, the dyke and schools. Ready by end April.
RARELY AVAILABLE 3 BEDROOM UNIT IN VICTORIA PARK! ABSOLUTELY GORGEOUS! Well maintained top floor Southeast facing inside unit, quiet and peaceful, overlooking garden & trees. Beautifully laid out, upgraded with granite kitchen counter, maple kitchen cabinets , engineered hardwood flooring, pantry etc. Master Bedroom can accommodate King size bed. Great Central Richmond location, steps to General Currie Elementary School, Richmond Centre, CanadaLine Station, Minoru Park and Community Centre and all amenities!
GREAT LOCATION! BEAUTIFUL 2 LEVEL CONCRETE TOWNHOME IN CENTRAL RICHMOND! Upscale in both design and quality, this home features 1,420 sq ft living area with 3 bedrooms and den, 2 1/2 baths. Spacious, bright and modern, with high ceiling, laminate hardwood flooring, granite counter and upgraded stainless steel appliances, Kohler bathroom fixtures, central air-conditioning, 2 underground parking, and fabulous amenities. Walk to Richmond Centre, restaurants and shops. Maintenance fee includes city utilities.
5040 CEDAR SPRINGS DRIVE, TSAWWASSEN
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INTRODUCING
EXECUTIVE STYLE TOWNHOMES STARTING AT $449,900 PRE-REGISTER ONLINE mtwaddington.com 778-880-2582 MOVE-IN FEBRUARY 2017 SALES AND MARKETING BY
Re/Max Progroup Realty 5360 12 Avenue, Delta BC, V4M 2B3
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This is not an offering for sale. E&OE. Sales by Fraser Elliott Personal Real Estate Corporation.
DEVELOPED BY
MARSHALL MOUNTAIN HOMES CONSTRUCTION BY
Re/Max Progroup Realty 5360 12 Avenue, Delta BC, V4M 2B3
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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.
GRAND OPENING CONTINUES DON’T MISS OUT - PHASE 1 SOLD OUT IN JUST 1 DAY!
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Set between the scenic mountain ranges and breathtaking ocean views of South Surrey, Pacific Heights combines luxurious single family living with family-friendly convenience. With 4 or 5 bedroom homes, finished basements, and 3,400 + sq. ft. of expansive living space, each home will be a beautiful oasis to call home.
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SHOWHOME NOW OPEN
Grand Opening Continues - 3 FULLY DECORATED SHOWHOMES IN MAPLE RIDGE -
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Wynnbrook gives you single family home living in a Qarkside setting. Set between lush nature and the Albion Sports Complex, it’s the perfect location for active families. Enjoy football, soccer, baseball and a kids’ water park all within walking distance from your front door. Add to that open green space, easy highway access, great schools, and convenient shopping – perfect for today’s busy families.
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Sales Centre Open: Noon - 6pm (Except Friday) 604.380.4708 | mstarhomes.com
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Looking for a new home? Start here.
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A Prime Location for Family Living “ Location, location, location” … You hear it all the time as three of the most important factors when selecting “where” to live. And at Wynnbrook, Morningstar’s’ newest project of 68 single-family homes in Maple Ridge, the location is perfect. Right next to the Albion Sports Complex, surrounded by green space and parks and within a block of the soonto-be-built Albion South Elementary School. Wynnbrook offers a country feel while being close to urban amenities essential for today’s active families. “This is truly parkside living at its best,” says Deborah Calahan, Vice President of Sales and Marketing for Morningstar Homes. “It’s the perfect neighbourhood for active young families and will be Morningstar’s third project in Maple Ridge, where we are quickly becoming a ‘household’ name.” Wynnbrook’s three-storey homes will feature full daylight basements, two-car garages and boast distinctive exterior accents of stone, shingles,
and shutters. These three- and fourbedroom homes, range in size from 3,125 to 3,150 square feet (including unfinished basement). The expansive contemporary interiors are distinguished by quality finishes and craftsmanship that Morningstar is renowned for, including a welcoming foyer, linear gas fi replace, vaulted ceilings, huge windows, open concept kitchens with quartz counters/island including stainless-steel appliances, window seats wherever possible and bonus fl ex rooms that can used for entertainment, an offi ce or just extra living space. “French doors open off the flex room onto an outdoor balcony making it the perfect room to entertain friends or to just enjoy the outdoors without leaving the comfort of your own home” notes Calahan. Morningstar purchasers have options when selecting their home such as choosing a master sitting room or a fourth bedroom (plan permitting),
finishing the basement or adding glass railings for a more contemporary look. “The spa-inspired master ensuite comes standard with a luxurious seamless glass shower including bench that makes you feel like you are on vacation in your own home,” adds Calahan. With nearly two decades of excellence in the industry, Morningstar has earned a reputation for creating single family homes that are truly unique and sophisticated, while providing maximum livability. “Every Morningstar community is special and unique from previously built communities,” adds Calahan. “We listen to what our purchasers want and build accordingly; designing homes that are specifically suited to the neighbourhood and the families that will live there. Beautifully crafted homes in soughtafter neighbourhoods, close to the amenities our buyers are looking for ... that is what Morningstar does best.” Wynnbrook is close to public transit
as well as the West Coast Express, fitness facilities, good schools, shopping, culture, and entertainment. For urbanites moving from Vancouver, Wynnbrook is in the centre of a familyfriendly neighborhood with popular hot spots such as Bruce’s Market, Kanaka Creek Coff ee, Kingfi shers Waterfront Bar & Grill, to name a few. For families who love the outdoors, Wynnbrook is a short drive to one of Maple Ridge’s most precious jewels – the Golden Ears Provincial Park, one of the busiest provincial parks with 600,000 visitors each year. The Grand Opening is Saturday, March 4th at noon. The Wynnbrook sales centre and three show homes, located at 10320 Wynnyk Way, Maple Ridge, will open daily (except Fridays), from noon to 6pm. Occupancy begins in June 2017, with the last home owners moving in summer 2018. For more information, call 604-3804708, email rrossum@mstarhomes.com or visit www.mstarhomes.com.
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