BURNABY
WEDNESDAY, WEDNESDAY, JANUARY MAY 20, 24, 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
BC Home Sales and Prices are Both Up – and Down: BCREA I
t might not be as hot a spring as last year, but it’s a lot hotter than fall – at least in terms of the BC real estate stats released May 15 by the British Columbia Real Estate Association (BCREA). The association recorded 9,865 homes exchanging hands on the Multiple Listing Service® last month, down 23.9 per cent from April last year but up 0.4 per cent over March this year. “BC home sales are on an upward trend this spring, led by a sharp increase in consumer demand in the Lower Mainland,” said Cameron Muir, BCREA’s chief economist. The average MLS® residential price in the province was $728,955, a two per cent decrease from the same period last year. The only two boards (out of 12) to report average sale price declines since April last year were Greater Vancouver
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(down 3.3 per cent) and the Fraser Valley (down 0.3 per cent). With the bulk of home sales in the province occurring in these two regions, this was enough to bring the provincial average down year over year. However, the BCREA has previously noted that this decline in average prices results from relatively fewer sales of expensive homes at the high end of the market. It does not necessarily result in lower prices for homes at the lower to middle end of the market, which are better represented by benchmark prices. Indeed, benchmark prices of typical homes in Greater Vancouver and the Fraser Valley both reached record highs in April, according to their respective real estate boards. Vancouver Island and Victoria continued to see resale price increases, despite lower sales than one year ago,
City Approves 200 “Affordable” Rental Housing Units
with average sale prices up 11.5 per cent and 3.7 per cent respectively. The number of homes listed for sale across BC declined 17 per cent from April 2016 and is now standing at a 20-year low. The BCREA report said, “The imbalance between supply and demand is continuing to drive home prices higher in most regions, further eroding affordability.”
National Activity Across the whole of Canada, home sales dropped 1.7 per cent in April compared with the previous month, led by a fall in the Greater Toronto Area (GTA) and offset by increases in Greater Vancouver and the Fraser Valley, according to Canadian Real Estate Association stats also released May 15. However, the Lower Mainland was the lead driver in a 7.5 per cent year-
Editorial: Is Canada Really Headed for a Housing “Bust”?
over-year fall in national sales activity, reported CREA. “Sales in Vancouver are down from record levels in the first half of last year but the gap has started to close,” said Andrew Peck, CREA president. “Meanwhile, sales are up in Calgary and Edmonton from last year’s lows and trending higher in Ottawa and Montreal.” The number of newly listed homes across the country jumped 10 per cent in April 2017, driven overwhelmingly by a 36 per cent increase in the GTA. The national average price for homes sold in April 2017 was $559,317, up 10.4 per cent one year earlier. However, the benchmark price for a typical home in Canada (all property types combined) stood at $606,000, a rise of 19.8 per cent year over year – led by Greater Toronto’s benchmark price, up 31.7 per cent since last April.
A Solution to the Problem of Building Rental Housing
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Your Experienced Local Realtors
BARRY HOULIHAN 604-290-8733
Sutton Group - 1st West Realty
Prestige Realty
Double Master Medallion 10 year member
AN INDEPENDENT MEMBER BROKER
604-942-7211 www.sutton1stwest.com
Jim Gwynn 604-880-0948 jgwynn@sutton.com
$2,175,000
Ivanka Culjak 604-736-1805
ABOVE THE CROWD
OPEN HOUSE 2-4 SATURDAY
1606-2020 Bellwood Ave., Burnaby
Wonderful opportunity for the firsttime buyer. This spacious sub-penthouse Brentwood beauty with stunning 180 degree city and mountain views is walking distance to superb dining, shopping and Skytrain. Freshly painted. Kitchen and bathroom renovated 6 years ago. Initially designed as a two-bedroom unit, the longtime owner preferred an open onebedroom layout. Plans have been submitted to convert to the original configuration and can be completed prior to possession or buyers can finish the work themselves. Excellent upside potential. You provide the imagination. DON’T MISS OUT.
ivankac365@gmail.com
NORM FLOCKHART
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.
JIM GWYNN 604-880-0948
PREC
(604) 261-7275 13 Year Member of MLS Medallion Club OPEN SAT/SUN 12-2!
$1,495,000
Surp Rai 604-763-5263 surpsrai@gmail.com
LIVE IN NORTH BURNABY'S DELIGHTFUL MONTECITO! Marten Felgnar 604-250-4175
Heather Langis 604-720-0091
orlandoj@shaw.ca
jpanrucker@sutton.com
mfelgnar@shaw.ca
hlangis@shaw.ca
BURNABY & TRI-CITIES
John Panrucker 604-230-7390
The Week in Real Estate
Orlando Johannson 604-803-4336
This 2748 sqft family home is found in a lovely pocket of winding streets & modern underground services! 3 BRs & 2 Baths on Main. Mostly unfin Bsmt. Suite potential. Bring your renovation ideas! Approx. 9636 sqft lot! 7580 Lawrence Dr.
www.normflockhart.com
www.dexterrealty.com
HOME SALES* Attached
46
Detached
15
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale
Taking our Listings Global
BUILDERS & INVESTORS ALERT! FIRST TIME ON THE MARKET! FULL DUPLEX - R4 ZONING $2,188,000
Median sale price** Attached
Detached
$541,300 $1,410,000 Top sale price*** Attached
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
Detached
$995,000 $1,900,000 Active Listings† Attached
644
Detached
896
Looking for a New Brokerage? Receive the highest level of support from our experienced Managing Broker.
Days on Market†† Attached
15
NO FRANCHISE FEES THREE EXCELLENT FEE PLANS STRONG SUPPORT
Detached
30
* Total units registered sold May 11-18 ** Median sale price of units registered sold May 11-18 *** Highest price of all units registered sold May 11-18 † Listings as of May 18 †† Median days of active listings as of May 18, not including days from previously expired listings
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
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 AY 24, 2 0 17
Quote on
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LANCE HUGHES 604.943.8080
■
LIFETIME MEMBER
www.lancehughes.com
Re/Max Progroup Realty
$4,880,000
10 Acres 2 Homes
13,487 SF Lot
$1,599,000
Featuring 15 yr old, 4235 sq.ft. main home. 2nd residence on the property: 1638 sq.ft., 3 bedroom rancher. BONUS 6600 sq.ft. indoor riding barn with six box stalls & 1200 sq.ft. detached workshop/garage. See Aerial pictures on MLS R2064838.
in Central Tsawwassen. Quiet cul-de-sac location and perfect for family living. Features include hardwood floors, updated kitchen with center island, 5 bedrooms, & 3 baths. An entertainers delight, with huge extended deck overlooking the southern exposed backyard and pool. Only minutes to elementary and high schools.
5895 34B Avenue
876 Harris Place
DOUG STRANBERG 604.306.8595 email: doug@macrealty.com A helping hand for all your real estate needs!
Looking for a new home? Start here.
10070 RAILWAY AVENUE NEW LISTING! Cozy 1060sf rancher situated on a sunny 40x100 western facing lot! Featuring 3 bedrooms, 1 ½ bathrooms & large kitchen with eating area! Well maintained home, perfect for first time buyers or retirees! Close to transportation & schools! PRICED TO SELL AT $1,150,000
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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 AY 24, 2 0 17
$1,198,800
LD SO S 4 DAY
$1,190,000
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IN
944 BAYVIEW DRIVE
440 SANDBAR PLACE
OPEN SUNDAY 2-4
GREAT HOME and a FANTASTIC LOT IN CENTRAL TSAWWASSEN... This 4 bedroom split level home is perfect for families and features loads of natural light, vaulted ceilings, plenty of updates with new flooring throughout. Upper level has 3 bedrooms, lower level includes a bedroom and games room while the back yard has a bonus detached 24 x 17 workshop. Nothing to do but move in!
$1,348,800
Popular Boundary Bay. Location, Location, Location in the sought after neighbourhood of “Centennial Tides”. 2700 sq. ft. meticulously maintained and tastefully updated home on a 5328 sq. ft. lot in an excellent, quiet cul-de-sac. Features 3 bedrooms and 3 bathrooms that include a massive master bedroom living space with stunning views of the North Shore Mountains and a fantastic entertainment/games room with outdoor patio. Tranquil, southern exposed back yard steps to Centennial Beach & Regional Park. This home also offers the perfect solution for a professional couple wanting to practice or conduct business from home.
$1,890,800
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1605 FIR SPRINGS
11480 & 11482 KING ROAD, RICHMOND
Fabulous home in the resort community of Tsawwassen Springs. This exceptionally designed home contains 3 bedrooms (including a casita), flex room, den and 4 baths. You’ll love the dramatic great room with 10’ ceilings combined with designer kitchen, living room, dining room and eating area forming one exceptional living space and ideal for entertaining or family gatherings. Deluxe master bedroom with 5 piece ensuite on main. Cozy outdoor area with gas fire pit, and hot tub. Golf, restaurant, fitness, physio, coffee and butcher shop at your doorstep. Live your dreams here.
Attention Builders & Investors!!! Subdividable potential in this side by side, nonstrata duplex on a 10,614 sq.ft. lot. Over 4500 sq.ft. of living space with great income opportunity and loads of parking with a private fenced yard. Both sides are currently rented. Located across from a school and steps to transit, parks, shopping and all amenities. Opportunity awaits in this desirable family oriented neighbourhood.
Brad Becir
Frank Becir
Regency Realty Ltd. 604-943-7411
604-779-6764
604-862-5731
1333 – 56th Street, Delta
HARRY SIEMPELKAMP 604.218.2169 harry@royallepage.ca ■ www.siempelkamp.ca
Perfect for summer BBQ’s
harry@roya
Ready to launch a new lifestyle!
llepage.ca
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5118 Stevens Drive, Tsawwassen 3 bedroom, 3 bathroom 2,269 sf 3 level split home Sunny south exposed Private backyard space Two spacious decks 25’x12’ perfect for entertaining 10 out of 10 for location, near transportation and schools Spacious sunny recreation room, additional bonus room off the garage with workshop
NE
4337 River Rd. West Ladner
27 3871 River Rd. West Ladner Reach Marina Lad
Enjoy unobstructed, glorious everchanging views from your riverfront home. Kayak from your front deck, feed the swans or just relax in this 1 bedroom and den, solidly built Float Home, a short stroll from Ladner town center
Rollin’ on the river. Start your new FLOAT HOME lifestyle. This charming cottage style float home is available for your enjoyment. Your chance to experience life on the water.
$1,299,900
Contact Harry 604-218-2169 harry@royallepage.ca
$325,000 Helping you is what we do.TM
$358,000
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 AY 24, 2 0 17
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.
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10
104 Ave
(Except Friday)
Lou
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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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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 AY 24, 2 0 17
COMMERCIAL INVESTMENT OPPORTUNITY STRATA OFFICES 800 - 11,800 SQ.FT. FROM $475/SQ.FT. • 800 to 11,800 sq.ft. of office space over 3 levels • Office floorplates of approximately 4,300 sq.ft. • Expansive open space with high ceilings and extensive glazing. • Ample secure underground parking. Walking distance to amenities & transit. CD Zoning.
DELTA'S BEST COMMERCIAL REAL ESTATE OPPORTUNITY Call for more information:
604.728.2845
SALES AND MARKETING BY
Re/Max Progroup Realty 5360 12 Avenue, Delta BC, V4M 2B3
ONLY 5 HOMES REMAINING!
4 BED / 4 BATH 1,616 SQFT. TOWNHOUSE $539,900 Brand New, Move-In Ready Estate Homes in the heart of Abbotsford! Mt. Waddington Estates boasts 19 extraordinary homes that include 3 Bedroom Plus Flex and 4 Bedroom options! • 1,616 sq.ft. to 1,752 sq.ft. living space • Double-wide garages • KitchenAid Stainless Steel Appliances + Gas Ranges • Quartz Countertops, Soft-Close Cabinets ÷ :LGH SODQN ñRRULQJ ZLQGRZ VHDWV • Large backyards and so much more!
CALL US FOR YOUR PRIVATE VIEWING BEFORE THEY SELL OUT!
CALL: 778.880.2582 SALES AND MARKETING BY
Re/Max Progroup Realty 5360 12 Avenue, Delta BC, V4M 2B3
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POLYGON REALTY LTD., CQ-STANTON HOUSE 4.0000 x 972.00 R0011420849 4C
Close to it all.
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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
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Open Noon to 6pm daily (except Friday) ED
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604.260.8446 | stantonhouse@polyhomes.com
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