BURNABY
WEDNESDAY, WEDNESDAY, JANUARY MAY 10 20,, 2016 2017
TRI-CITIES
info@rew.ca • 604-435-7977
REALTORS® in Real Estate Weekly are working hard for you. Whether buying or selling, check out the newest and most amazing homes listed in your neighbourhood.
R E A L E S TAT E W E E K LY
Demand for Metro Vancouver Condos Skyrockets: REBGV
D
emand for condos in Metro Vancouver is soaring, according to monthly statistics released May 2 by the Real Estate Board of Greater Vancouver. The sales-to-active-listings ratio for condos in the region stood at 82.2 per cent in April – for context, a balanced market would be between 12 and 20 per cent. Although condo sales in April were 18.3 per cent lower than in April 2016’s hot market, a near-16 per cent annual decline in condo listings last month meant that relative demand is soaring for a limited inventory of condos. “Our overall market is operating below the recordsetting pace from a year ago and is in line with historical spring levels. It’s a different story in our condominium and townhome markets,” said Jill Oudil, Real Estate Board of Greater Vancouver (REBGV) president. “Demand has been increasing for months and supply is not keeping pace. This dynamic is causing prices to increase and making multiple offer scenarios the norm.” Like last spring, overall home sales in the region this April were slightly down from the high point of March – at 3,553 transactions, this total was less than one per cent
lower than March 2017, but 25.7 per cent below April 2016. Still, April could be described as a healthy market, with last month’s total sales number 4.3 per cent higher than the 10-year average for April, according to the board. Condo units also led the overall year-over-year increase in benchmark home prices, which were up 11.4 per cent for all property types combined, and nearly 17 per cent for condos.
Benchmark Prices After faltering through fall last year, the combined residential benchmark price (all property types) in Greater Vancouver set a new record in April at $941,100. This is an increase of 2.4 per cent from the previous month, 11.4 per cent higher than April 2016, and even higher than the previous bar set in August 2016 of $933,100. The single-family home benchmark price did not break records, however, with the board setting it at $1,516,500, slightly lower than in July and August last year. However, the new typical detached home price is 8.1 per cent higher than April 2016 and 1.8 per cent higher than March 2017.
It was the in-demand townhome and condo markets that caused the overall benchmark price to reach new heights. Attached home benchmark prices saw another year-overyear rise, up 15.3 per cent to a record $701,800, a rise of 2.4 per cent since March. Condos, which did not see a price decline through last fall, continue to rise in value. Once again, typical condo prices saw the biggest monthly and annual increase, now standing at $554,100. This record price is 16.6 per cent higher than a year ago, and a rise of 3.1 per cent over February. “Until more entry-level, or ‘missing middle’, homes are available for sale in our market, we’ll likely continue to see prices increase,” Oudil added. “There’s been record building this past year, but much of that inventory isn’t ready to hit the market.” 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.
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STEVEN ALMEIDA
SA
sutton centre realty
604.358.5758 Duplex R4 Lot 69x 124 with over 3200 square feet of living space on two levels, renovated family home kept in immaculate condition. This home sits on a sunny corner with a south facing back yard with a view and ample parking. Great investment home. Spacious floor plan with three bedrooms upstairs and two selfcontained one bedroom suites down with separate entrances. Great outdoor living space with over 700 square feet of covered balcony and 400 square feet of lower patio. Excellent location, one block to Parkcrest Elementary and 10-minute walk to Burnaby North High School and Skytrain, short drive to Brentwood Mall and Kensington Plaza. Priced at lot value only!
OPEN HOUSE SATURDAY & SUNDAY 1-3 PM 1600 Holdom Avenue, Burnaby $1,988,000
Your Experienced Local Realtors Sutton Group - 1st West Realty AN INDEPENDENT MEMBER BROKER
604-942-7211
Looking for a New Brokerage?
www.sutton1stwest.com
Receive the highest level of support from our experienced Managing Broker.
John Panrucker 604-230-7390 jpanrucker@sutton.com
$2,175,000
NO FRANCHISE FEES THREE EXCELLENT FEE PLANS STRONG SUPPORT
Contact Roloff at 604-782-7327 or roloff@evergreenwestrealty.com
Roloff Veld Managing Broker
Orlando Johannson 604-803-4336
206-1120 Westwood Street, Coquitlam BC, V3B 7K8 T: 604 942 1389 www.evergreenwestrealty.com
orlandoj@shaw.ca
1905 EDGEWOOD AVENUE, COQUITLAM LUXURIOUS PRIVATE 7 bedroom, 6 bath spectacular home with LANE access in central Coquitlam beside Laurentian Park. Close to Hwy. 1, shopping, recreation centre and schools. Entertainers delight with a full Spice Kitchen with high-end appliances, Quartz counter tops and Marble tile flooring and access to a huge balcony from the kitchen and family room. There is a LEGAL 2 bedroom SUITE completely self contained. Separate from that is a huge Media room with built-in speakers and a wet bar and also another bedroom and bath. On the top floor there are 4 bedrooms plus laundry. The master bedroom includes a luxurious ensuite, walk-in closet and balcony to enjoy the views. HEATED floors on all 3 floors and central A/C. Professionally cleaned and ready to move in.
John Panrucker 604-230-7390
www.dexterrealty.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale Jim Gwynn 604-880-0948 jgwynn@sutton.com
BUILDERS & INVESTORS ALERT! FIRST TIME ON THE MARKET! FULL DUPLEX - R4 ZONING OPEN HOUSE SAT & SUN 2-4PM
Marten Felgnar 604-250-4175
Heather Langis 604-720-0091
Surp Rai 604-763-5263
Ivanka Culjak 604-736-1805
mfelgnar@shaw.ca
hlangis@shaw.ca
surpsrai@gmail.com
ivankac365@gmail.com
Taking our Listings Global
$2,188,000
BUY, HOLD OR BUILD…the possibilities are endless!! This rare property comes with 3 bedrooms up, 2 bedroom basement suite on each side and 3868 sq ft of comfortable living space. Sitting on a massive 72’ x 126’ lot minutes from SFU, Burnaby North, Lochdale Elementary, Kensington Shopping Centre, Burnaby Mountain Golf Course and much more. 1111 Duthie Avenue KAREN CHANG 604-700-8092
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HOME INSURANCE get a
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Visit us at BCAA Burnaby 4567 Canada Way or 4480 Lougheed Hwy
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BURNABY & TRI-CITIES
The Week in Real Estate
Insurance is sold through BCAA Insurance Agency and underwritten by BCAA Insurance Corporation. Some conditions apply. *Offer subject to change without notice. Offer is valid in store or by phone and applies to new BCAA policies only. To be eligible you must be purchasing home insurance for the first time, or your current home policy with another insurance provider must expire within 90 days of the quote. Minimum premium of $250 and other restrictions may apply. If joining by phone, your gift card will be mailed to you within 6 weeks.
NORM FLOCKHART
PREC
HOME SALES* Detached
22
(604) 261-7275 Attached
31
13 Year Member of MLS Medallion Club
OPEN SAT/SUN 1-3
$1,695,000
Median sale price** Detached
Attached
$1,311,000 $468,000 SAME OWNERS SINCE 1971! SPACIOUS FAMILY HOME!
Top sale price*** Detached
Attached
$2,250,000 $1,110,000
This 2577 sq ft home feats 3 BRs on Main, 2 more BRs Down, & 2 Bathrooms! Hardwood flrs, formal DR, separate Eating Area & double-glazed windows on Main. Suite potential Down. 42.4' x 121.57' landscaped lot. Quiet street. 6780 Inverness Street, Van.
$1,298,000
Active Listings† Detached
867
Attached
680
Days on Market†† Detached
31
Attached
16
* Total units registered sold April 26-May 4
LIVE ON THE MIDTOWN GREENWAY! 1913 HOME! Lots of period décor in this 2 BR family home! Big front verandah, stained glass windows, fir floors under carpets. 1 bath on Main, 1 Down. Large Kitchen with pantry and eating area. Bsmt mostly unfin. High attic. 33' X 122' lot. $1,298,000! 904 East 37th Ave.
** Median sale price of units registered sold April 26-May 4 *** Highest price of all units registered sold April 26-May 4 † Listings as of May 4 †† Median days of active listings as of May 4
www.normflockhart.com
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NOW SELLING DON’T MISS OUT…
MORE HOMES BEING RELEASED THIS WEEKEND
Dewdney Trunk Rd Lougheed
Hwy
MAPLE RIDGE Downtown Ha
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GOLDEN
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Kanaka Way
Pa
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Slatford St
E EARS BRIDG
Wynnbrook gives you single family home living in a parkside 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.
ve
5
A
10
104 Ave
(Except Friday)
Lou
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ee
dH
wy
240 St
Sales Centre Open: Noon - 6pm
604.380.4708 | mstarhomes.com
Eaglehurst is a new neighbourhood of 99 freehold, non-strata, homes, situated perfectly on the Saanich Peninsula, on Vancouver Island. Each ĘŅĵå ĜŸ ÏåųƋĜĀåÚ ƚĜĬƋ :ųååĹTM and comes standard with premium quality ĀĹĜŸĘĜĹčŸ ±ĹÚ ĀƻƋƚųåŸţ Ă ĵĜĹŸ ƋŅ 8åųųĜåŸØ Ɛ ĵĜĹŸ ƋŅ ŧƚ±ĜĹƋ %ŅƵĹƋŅƵĹ ĜÚĹåƼ ±ĹÚ ŎĂ ĵĜĹƚƋåŸ ƋŅ ĜÏƋŅųĜ±Ø )±čĬåĘƚųŸƋ ĜŸ ± ÏŅĵĵƚĹĜƋƼ ÏŅĹĹåÏƋåÚţ Visit our website for more information.
DEXTER ASSOCIATES REALTY
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The most valuable real estate in Metrotown.
At the centre of it all in Metrotown. Don’t miss out on this rare opportunity to make an investment in location and luxury.
Presentation Centre 101 – 4211 Kingsway, Burnaby
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M
Close to it all.
O VE
- IN
RE
Artist’s rendering only.
Experience the best of modern living at Stanton House by Polygon. Situated in the growing community of West Coquitlam, this limited collection of one and two bedroom residences is just minutes from transit, shopping, schools and recreational amenities. The perfect place to live the life you always imagined.
NORTH RD
BURQUITLAM STATION
COTTONWOOD AVE
Two bedrooms from $509,900 SALES OFFICE 607 Cottonwood Avenue, Coquitlam, BC
LO U
GH E
Open Noon to 6pm daily (except Friday) ED
HW Y
604.260.8446 | stantonhouse@polyhomes.com
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BURNABY • TRI-CITIES
W E D N E S DAY, M A Y 1 0 , 20 17
Looking for a new home? Start here.
R E A L
E S T A T E
W E E K L Y
Sales at Sun Towers are Truly Sizzling S pectacular views, luxurious homes and a private residence club to rival a five-star hotel … welcome to Sun Towers. Unlike anything you’ve seen in Burnaby before, Belford Properties has launched a 41-storey tower, the final tower in the Golden Row – one of five cosmopolitan condominium towers, which will rise along Beresford Street in Metrotown. “Location is king and Sun Tower’s signature location on Beresford Street is hard to beat,” says Matt Pesklewis, project director at Key Marketing. “Convenient transit access is so desirable, and you can’t get better access than here, we’re only 40 metres from Metrotown Skytrain station.” Great location doesn’t just mean transit access. “Metrotown is a vibrant urban hub at the centre of Metro Vancouver”, adds Pesklewis, “There’s a great energy here, good shopping, wonderful dining, fantastic parks; it’s got it all.”
Set to become a landmark high rise, Sun Towers promises to elevate sophistication and elegance to a whole new level. Designed by the awardwinning IBI Architects, the minute you walk into the Sun Towers two-storey lobby, with dedicated concierge, you feel like you are in a sophisticated hotel. This unique selection of thoughtfully designed homes – comprising one-, two- and three-bedroom residences – are walking distance to parks, trails and recreation, while also providing immediate accessibility and convenience to the province’s largest shopping centre. Adjacent the BC Parkway – a walking, cycling path that connects New Westminster to Vancouver – Sun Towers is an exclusive collection of 285 residences ranges in size from 518 to 1,048 square feet, as well as a mix of office and retail space, including a restaurant and daycare facility. The homes are designed with an obsession
for detail and timeless quality, featuring an elegant mix of natural materials. Space feels open and bright, yet comfortable and warm. For your comfort, each home is equipped with in-home heating and air conditioning. The sleek gourmet kitchens are equipped with high performance German-made Bosch appliances, which are seamlessly integrated into the custom designed German Nobilia cabinetry with Quartz countertop and full marble slab backsplash – adding a truly sophisticated aesthetic. The hotel-style bathrooms feature oversized floor and wall tiles in a timeless Carrera marble design and a floating Nobilia vanity to complement the sleek faucets and spa-inspired feel. The fitness centre is part of the Solaris Club – a complimentary private club for owners, spread over three floors offering an incredible mix of amenities, including a 60-foot swimming pool,
sauna, steam room, hot tub, badminton court and state-of-the-art fitness centre with members’ lounge and kitchen with dining room. Then there’s the Sky Garden, an incredible 6,700-square-foot outdoor rooftop space with a child’s play area, outdoor BBQ and dining area, ping-pong, fire pit with surround lounge seating, hammocks and a sculpture garden – this is a true oasis in the sky. Sun Towers sales were launched in early April and 100 per cent of the units within the initial release were sold out within 10 days, with more than 90 per cent of those sold to local buyers. The remaining 10 per cent of held-back units are now set to be released – so be quick, or you’ll miss your chance to own a home in this iconic building. For more information or to register for the final sales release, call 604-336-0899, email info@suntowersmetrotown.com or visit www.suntowersmetrotown.com today.
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