BURNABY
WEDNESDAY, WEDNESDAY, SEPTEMBER JANUARY 20, 7, 2016
TRI-CITIES
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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 to Climb 10.4% in 2016 Despite Vancouver Slowdown: BCREA H ome sales across the province are forecast to climb 10.4 per cent to a record 113,000 total units in 2016, before slowing again in 2017, according to a quarterly housing forecast issued August 25 by the British Columbia Real Estate Association (BCREA). Total BC residential sales for the whole of this year are expected to eclipse the previous high of 106,310 units in 2005 – despite Lower Mainland home sales falling in July and the first few weeks of August. Unprecedented sales in the early part of the year, and strong growth in other parts of the province, will more than cancel out any second-half losses seen in the Lower Mainland, predicted BCREA. Effects of Foreign Buyer Tax “The introduction of a 15 per cent tax on foreign national home buyers in Metro Vancouver is expected to accelerate a moderating trend in the market that began earlier in the year,” said Cameron Muir,
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BCREA chief economist. “However, other regions of the province are performing above expectations and at the provincial level, largely offsetting Metro Vancouver’s deceleration.” The average BC home price is forecast to increase 11 per cent to $706,900 this year and a further 5.2 per cent to $743,700 in 2017. Price Rises Predicted to Slow Muir offered some hope to buyers aiming to get into the market but struggling to afford high prices. “While the cyclical nature of housing markets can exact a harsh toll on affordability in the short term, there is some relief for beleaguered home buyers on the horizon,” added Muir. “Housing starts in the province are expected to reach near record levels this year, and the highest amount since 1993. In Metro Vancouver, a record number of homes are now under construction.
US Vancouver Residents Devastated by “Unfairness” of New Foreign Buyer Tax
“A moderation in housing demand combined with a rising number of both new and resale homes on the market is expected to create more balance and less upward pressure on home prices.” Sales Dropping in Vancouver The BCREA forecast came after early MLS® sales data revealed that the number of homes changing hands in the first few weeks of August declined by 63 per cent compared with the same period last year. The drop came immediately after the 15 per cent increase in Property Transfer Tax for overseas buyers was introduced August 2, leading to reports of real estate deals collapsing around the region. However, local experts pointed out that it was too soon to see any long-term trend. Vancouver REALTOR® Keith Roy told REW.ca that it was important such data are not taken out of context. He said, “I think it’s an emotional reaction to an unexpected policy change on the part
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of the buying public, who are taking a small wait-and-see approach. “I think the market will normalize as we continue into the fall. People are still ready to buy – I’ve sold two properties for multiple offers over asking price in the past two weeks.” Risk of Vancouver Over-Correction However, mortgage broker and industry analyst Peter Kinch warned, “The market could be at risk of an over-correction from this kind of information. The real estate industry has a natural cycle that usually includes a summer lull, and this has combined with the new foreign buyer tax. There will likely be a slowdown in overseas buyers and this combined with the fact that locals are on holiday could create an exaggerated effect and make August and September sales look terrible.” Kinch added, “I fear that this will get misinterpreted by the media and the market will overreact.”
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Monet TYLER monet@monettyler.com NEW LISTING
West Real Estate Services
2015
#10 Royal LePage Realtor in BC 2015 #1 Royal LePage Realtor for Tricities in 2015
604.763.4307
❚
2015
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www.monettyler.com
NEW LISTING
3883 Wellington Street, PoCo
$838,000
3582 Franklin Street
$1,098,000
4 Aspen Court
$1,650,000
$1,498,800
$998,800
121 Fernway Drive
$1,058,000
OPEN SAT & SUN 2-4 PM 7643 Canada Way, y, Burnabyy
LD
SO
4943 3rd Ave., Tsawwassen, B.C sutton group - seafair realty
$1,158,800
Anu VAID PREC
Reena DULEY PREC
604.644.3346
604.230.5155
AnuvaidReenaduley
Working Together For You! Call Us!
LD
SO
4936 44A Ave., Ladner, B.C. remax progroup realty
$1,028,000
LD
SO
LD
SO
1424 54 St., Tsawwassen, B.C.
278 56th St, Tsawwassen, B.C.
$948,000
$1,299,800
remax progroup realty
remax progroup realty
Listed for $1,299,000
City
LD
2 2808 KINGSWAY VANCOUVER V 604-439-2266 6
www.bchomesrealty.com
SO
6231 48th Ave., Ladner, B.C.
LD
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11355 86th Ave., Delta, B.C. royal group tapestry realty
Brand new house in a desirable area of Burnaby, BC
GEORGE GOMORY FREE HOME EVALUATIONS
604-765-7653
Call Now! $1,980,000
5671 Sardis Cr., Forest Glen
184 N. SPRINGER AVE
$1,498,000
2400 sqft home on large view lot. Wonderful Garden!
OPEN
www.GeorgeGomory.com
SAT & SUN 2-4
6239 Canada Way, Buckingham Heights
STUNNING VIEW PROPERTY Fantastic view property in North Burnabyʼs coveted Capitol Hill neighbourhood. This 3 bed/3 bath, 2 level basement home features breathtakingly beautiful 180 degree views of the North Shore mountains, Metrotown in the south, with Burrard Inlet & the towers of Downtown Vancouver in between & out to Howe Sound.
205 - 5127 Irving, Forest Glen $159,000
SOLD
Candace Filipponi 604-809-4403
2600 sq ft 4 level split home on large 60 x 164 R1 Zoned Lot
South Facing 1 Bedroom apartment in Irving Apartments Ltd. Close to Metrotown.
www.GeorgeGomory.com
www.GeorgeGomory.com
602-6055 Nelson Ave., Forest Glen
7725 Berkley, Burnaby Lake
SOALSD KING
OVER
SOLD
Courtyard facing 2 bedroom, 2 bathroom condo with about 1100 sq ft of space and a covered patio. 1 Parking, 1 Locker, Rainscreened building.
2400 sqft home on 110 x 98 R2 zoned building lot.
www.GeorgeGomory.com
www.GeorgeGomory.com
SELL YOUR HOME FASTER AND FOR MORE MONEY With George Gomory’s Guaranteed Homeselling System RE/MAX Central #1-5050 Kingsway, Burnaby (604) 433-2211 Office Each Office Independently Owned & Operated
www.cfilipponi.com candacefilipponi@gmail.com OPEN SAT/SUN 2-4PM
$399,900
DEXTER ASSOCIATES REALTY
THE HUDSON Spacious BOSA built 1042 sq.ft. 2 bedroom, 2 bathroom condo. Cozy gas fireplace, large balcony, unit comes with parking and storage locker. Fantastic amenities including indoor pool and hot tub. Close to Coquitlam Centre, Lafarge Lake and new skytrain line coming soon! Open House Sept. 10 & 11, 2-4pm Call Candace 604-809-4403
401-1196 PIPELINE ROAD
R E W.ca » B U R N A BY / T R I - C I T I ES » W E D N ES DAY S E PT E M B E R 7, 2 0 1 6
Brookside Realty
Chad August
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Your Experienced Local Realtors
604.318.5254
Sutton Group - 1st West Realty
WWW.CHADAUGUST.COM
AN INDEPENDENT MEMBER BROKER
chadaugust@shaw.ca
604-942-7211
Tim Seo 604-358-2111
COMING SOON • 43 TOWNHOMES
www.sutton1stwest.com
timseo09@gmail.com
1300 sqft - 2000 sqft (3 Bed Plus)
$1,688,000
From $374,900
Heather Langis 604-720-0091 hlangis@shaw.ca
Call for priority registration and information
www.ruxtonvillage.ca **this is not an offering for sale any such offering may only be done by Disclosure Statement E.&E.0.
Marten Felgnar 604-250-4175
#13 11255 232nd $424,900
mfelgnar@shaw.ca
1058 ALDERSON AVENUE, COQUITLAM
End Unit, 3 Bed Large fenced yard Approx 1450 sqft
Excellent location. Very close to No. 1 highway and public transportation. Very well kept & maintained fabulous 4 bedroom + hobby room + recreation room house. Impressive open concept floor plan, covered patio, central A/C. Well maintained front and back yard. Very close to shopping mall, restaurant, friendly neighborhood. Basement suite has separate side entrance. Must check!!! Currently RS1 but designated as Medium Density Apartment (RM2/RM3/C1) RM2 - Townhouse or 3 storey apartment/ RM3 - 4-8 storey apartment/C1-commercial.
MLS# R2099405
Tim Seo 604-358-2111
#309 11566 224th St $339,900 2 Bed, 2 Bath (could be 3 bed) 1054 sqft Water Views Quick Possession
342,000 MLS# R2103650
$
$
Surp Rai 604-763-5263
Orlando Johannson 604-803-4336
John Panrucker 604-230-7390
jgwynn@sutton.com
surpsrai@gmail.com
orlandoj@shaw.ca
jpanrucker@sutton.com
649,900 MLS# R2103884 $759,900 MLS# R2100879
Looking for a New Brokerage?
#702 3070 Guildford Way, Coq. 8998 Emiry Street, Mission 21716 117th Ave., Maple Ridge • • • •
1.28 acres Rancher with unfinished basement Many updates Horse area, fully fenced, two stall barns & shed • RV power hookup, Double garage. • On a quiet no thru road
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West Side Rancher on a no thru road 1800 sqft with 3 bedrooms/2 bathrooms 20,900 sq.ft. lot 23x23 garage with RV/Boat parking 376 sqft covered patio with outdoor pool and aggregate patio • Fully fenced and very private back yard with sprinkler system • Newer roof, h/t tank, furnace
Receive the highest level of support from our experienced Managing Broker. NO FRANCHISE FEES THREE EXCELLENT FEE PLANS STRONG SUPPORT
Amanda A d vandenBrink d i k 604-619-2164 6 v
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Brookside Realty
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MOVE-IN READY! NEW ROOF!
1001-3008 GLEN DR, COQUITLAM
2882 NORMAN AVE, COQUITLAM
Wonderful 3 bed & den, 2.5 bath home Pristine West facing open concept 1 w/ stunning mountain views. Features bdrm w/ high-end finishing throughout. pool & delux 6 person hot tub. Perfect for investment or to live in!
FOR DETAILS CONTACT US TODAY
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2966 ADMIRAL CRT, COQUITLAM
206-1120 Westwood Street, Coquitlam BC, V3B 7K8 T: 604 942 1389 www.evergreenwestrealty.com
11933 224th St., Maple Ridge
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Contact Roloff at 604-782-7327 or roloff@evergreenwestrealty.com
Roloff Veld
MAPLE RIDGE PITT MEADOWS
amandavandenbrink.com | amandavandenbrink@shaw.ca a
QUIET CUL-DE-SAC
lsong@sutton.com
Jim Gwynn 604-880-0948
OPEN SUNDAY 2-4 PM OPEN SAT. 2-4 PM OPEN SAT & SUN 1-3PM • 2 bedrooms, 2 bathrooms • Very clean and well kept • Amenities include: Gym, sauna, hot tub, pool • Across from Lafarge lake • 1 parking, 1 storage • Minutes to the evergreen line and west coast express
Linda Song 778-990-6322
604.340.4400
8 BEDROOMS, 14,640sqft LOT 3000 STARLIGHT WAY, COQUITLAM
Remodelled Ranch Park Bungalow w/ in-law suite. Incl. 600 sq/ft dble garage + covered RV parking. Now $919,000!
info@reimers.ca
www.reimers.ca
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There’s a reason we’re highest in customer satisfaction “Highest in Customer Satisfaction among Home Insurers in Western Canada” by J.D. Power 5 years in a row*
No matter what life throws your way, our BCAA Home Insurance team will be there to help. Get a quote today on our home insurance and get a $20 gift card from a BCAA partner to spend on hotels, restaurants or gas. Limited time offer.
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Insurance is sold through BCAA Insurance Agency and underwritten by BCAA Insurance Corporation. Some conditions apply. 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. Minimum premium of $250 and other restrictions may apply. Offer expires August 31, 2016. Subject to change without notice and available while quantities last. *BCAA received the highest numerical score in the West in the J.D. Power 2012-2016 Canadian Home Insurance Satisfaction Study. 2016 study based on 7,438 total responses from 14 providers in the region measuring experiences and perceptions of customers, surveyed March- April 2016. Your experiences may vary. Visit jdpower.com.
NOW SELLING IN MAPLE RIDGE W Y N N B RO O K Visit Wynnbrook Today to Experience the Ultimate in Parkside Living. Perfectly located just a short walk to the Albion Sports Complex where there’s so much to do including a playground and water park! Enjoy open green space, easy highway access, great schools and convenient shopping – perfect for today’s busy families. Wynnbrook’s 3 or 4 bedroom family homes all have daylight basements for optimal light and livability.
Dewdney Trunk Rd GOLDEN
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Sales Office: 604.380.4708 | Open daily (except Friday) Noon - 6pm 23952 104th Ave, MAPLE RIDGE
mstarhomes.com BUILDING BETTER HOMES WITH NATURAL GAS
Parkside Living For Active Families
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Intelligent living BY ZENTERRA DEVELOPMENTS
Beautiful spacious cottages in a natural setting, an exclusive clubhouse with pool, and abundant recreational possibilities makes Bridal Falls a one-of-a-kind resort ownership opportunity in Canada
IF YOU’RE READY TO DOWNSIZE, BUT NOT READY FOR A CONDO, OR LOoKING TO PURCHASE a second home getaway, WE have it all. COTTAGE SHOW HOMES OPEN DAILY 11 - 4 53480 BRIDAL FALLS RD, BRIDAL FALLS, BC 604.745.4104
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224,900
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PRESENTATION CENTRE AT 7671 ALDERBRIDGE WAY, RICHMOND OPEN DAILY 12-5, CLOSED FRIDAYS OR BY APPOINTMENT
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QUANTUM PROPERTIES MAHOGA, MAHOGANY AT MILL LAKE 4.0000 x 972.00 R0011295775 4C
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Artist’s Rendering - Mahogany Plan B-2
VANCOUVER LUXURY. ABBOTSFORD PRICES. MAHOGANY, A SPECTACULAR NEW COLLECTION OF LUXURY HOMES. WITH 26 STOREYS OF CONCRETE CONSTRUCTION, GENEROUS AMENITIES AND INCREDIBLE VIEWS OVERLOOKING BEAUTIFUL MILL LAKE, MAHOGANY IS TRULY THE NEW HEIGHT OF LIVING. TO LIVE HERE IS TO LIVE WELL. Presentation Centre is open daily (except Fridays) from 12 - 5 pm 2180 Gladwin Road, Abbotsford
LIVINGMAHOGANY.COM 778.255.9990 Artist’s Rendering - Mahogany at Mill Lake
Marketed by GLOBEWEST - Multiple Realty Ltd. and Quantum Realty Inc. Managed by the Quantum Properties Group of Companies. This is not an offering for sale. Any such offering may only be made by disclosure statement. The developer reserves the right to modify plans, prices, features and specifications without notice as may be necessary and at their sole discretion. E. & O. E.