BURNABY
FRIDAY, MARCH 13, 2015
NEW WESTMINSTER
info@rew.ca • 604-435-7977
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R E A L E S TAT E W E E K LY
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Invested Interest Ever wondered where the interest on your home deposit goes? To a great cause, as revealed by this Q&A with Jack Wong, CEO of the Real Estate Foundation of BC
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ince its inception in 1985, the Real Estate Foundation of BC (REFBC) has dispersed over $69 million in grants to nonprofit and charitable organizations, post-secondary institutions, First Nation groups, and other entities that demonstrate innovation and leadership in the built environment, sustainable food systems and freshwater management. Yet most people have never heard of it. REW.ca chatted with Jack Wong, the foundation’s CEO, about how REFBC works to create a more sustainable future for all British Columbians.
Q: You provided 50 grants totalling well over $4 million in 2014 alone, yet you do no fundraising. Where does the money come from? A: When a property is sold anywhere in BC – whether it’s a condo, house, mall, or a piece of industrial land – the deposit is held in the Realtor’s brokerage trust account until closing. At any given point in time, that could add up to hundreds of millions of dollars just sitting in a bank. People often think Realtors receive the interest on those funds, but that was never the case. Prior to 1985, financial institutions simply kept it – free money for them. Since REFBC was created, that interest comes to the foundation as our only source of income. Q: You typically receive 150-plus grant applications per year. How does REFBC decide which to fund?
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A: Projects must show leadership in land use stewardship and the ability to change the way people live. They must have longevity, and they must be replicable – meaning a model developed in Vancouver could be used in Prince George or Vancouver Island. There has to be a clear need for the solution so we’re not funding research with no long-term purpose. Our adjudication process is extremely proactive. We don’t just write a cheque if there are enough boxes checked off. We go on the road and talk to the people involved in every project we are considering. It’s the only way to gain a deep understanding of all the issues. Q: What are some recent examples of projects you’ve funded? A: In 2013, we gave a $45,000 grant to Atira Women’s Resource Society. Their vision was to build a three-storey residence for marginalized women in Vancouver’s Downtown Eastside out of discarded shipping containers. Ultimately, Atria House won numerous awards and there are plans for a second, larger residence. But more importantly, when I talked to the women who live there, many were in tears. One told me she would have been dead without this opportunity. Another is our five-year commitment to fund an adjunct professorship at UBC’s Indigenous Community Planning Program. The grant allows graduate students
Spring Market Heats Up Early as Vancouver and Fraser Valley Home Sales Soar
to visit First Nations communities and experience the cultural differences that must be taken into account when planning them. For nonaboriginal students, it’s an eye opener. Q: What is REFBC’s involvement with the Sole Foods Farms beside Concord Pacific’s downtown presentation centre? A: This is an exciting, truly win-win scenario. While the developer is waiting to build on what’s currently a parking lot, the City gives them a break on property tax if they allow Sole Foods to use it for urban agriculture. It is a business enterprise that incorporates commercial farming practices, provides employment and a sense of self-worth to local Downtown Eastside residents, and not only supplies high-end restaurants like Hawkesworth but also donates produce to local meal programs.
More information about REFBC is found at refbc.com.
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www.dexterrealty.com
www.teamphilhaig.com info@teamphilhaig.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale
Each office independently owned and operated
Burnaby
$1,399,800
4536 NEVILLE ST.
Open Sunday 1-4
$1,878,000
LUXURY CUSTOM HOME Beautiful custom home, built by experienced local builder, located in Burnaby South, right below Metrotown with gorgeous Southern view. Amazing finishings and top quality workmanship throughout the house. Top-ofthe-line appliances; Sub-zero refrigerator, Wolf 6-burner stove, Miele dishwasher. Go Team 604-263-1144
507-215 TWELFTH ST
$245,000
101-215 TWELFTH ST
Taking our Listings Global JUST LISTED!
$299,000
UPDATED 2 BEDROOM, 2 BATHROOM CONDO UPDATED 2 bedroom, 2 bathroom condo with NEW stainless steel appliances and counter tops in Kitchen & bathrooms, in beautiful West Coquitlam. 10 minute walk to skytrain and Lougheed Mall and nearby Vancouver Golf Club, close to all major amenities, shopping, schools & S.F.U. Perfect for the first time home buyer or for those looking to downsize. MUST SEE TO APPRECIATE. SHOWS LIKE NEW! #201 - 558 ROCHESTER AVE. Simmy Sandhu 604-897-5880
$229,000
102-1690 AUGUSTA
$290,000
6584 Charles Street Renovated North Burnaby home with view of Metrotown Skyline from all windows on Southside of upper floor. Three spacious bedrooms up and 4 more down. Beautiful gourmet kitchen with Cherry Wood cabinets, quartz counter tops, stainless steel appliances featuring 6 burner gas stove, two convection ovens and convection micro-wave, larger fridge and Miele dishwasher. Living room has beautiful Cherry Wood floors and fireplace with marble surround. Fully renovated main bath with jetted soaker tub with heated back, rain shower as well as hand held shower and granite counter with undermount sink. Both kitchen and main bath have heated floors. Air conditioning. Fully fenced backyard with garage off back lane and gated driveway. Charles Street does not have telephone poles in the front – they are located in the lane in the back.
TOP FLOOR OASIS
GARDEN OASIS
Discovery Reach by Bosa. Top floor unit with lots of updates. N.W. facing, open concept, parking, storage and more!
S.W. facing garden level one bedroom in Discovery Reach by BOSA. Direct street access with private, fenced patio. 2 pets allowed.
Go Team 604-263-1144
Go Team 604-263-1144
604-649-7040 LORI PETTIGREW
.com
www.
OUTSTANDING AGENT
604-275-9787 patsy@patsyhui.com WESTCOAST
868sq.ft. - 2 bed, updated & gorgeous. A well-managed building in a quiet & treeʼd setting. Super nice bathroom, wood flrs, in-suite laundry, W/B fireplace, 1 pkg stall & tons of storage. Lovely! #102-1690 AUGUSTA AVE. Evelyn Singer 604-263-1144
ALAN YASIN
www.YourRealtyDreams.com
... OUTSTANDING RESULTS
DEXTER ASSOCIATES REALTY
152 Sales in 2014!
• 306 SALES AWARDS SINCE 1984 • REBGV LIFE MEMBER
QUIET 2 BEDROOM & DEN
CHILDCARE CENTRE + PROPERTY $1,168,000
PEACE OF MIND PURCHASE
Unique 2 bed & den has 2 large balconies with views of mountains and trees. Shows like new with granite counter tops, s/s kitchen appliances. Versatile open layout. Solid concrete building. Gym. 1 parking. Close to SFU, transit & amenities. Call to view this amazing home!
SFU VIEW HOME!
OWNER RETIRING! RARE GOLDEN OPPORTUNITY to own this FULLDAY CHILDCARE CENTRE business & property in the most DESIRABLE LOCATION in PORT COQUITLAM. This 1997 built 5329 sqʼ LIVE/WORK 3-LEVEL FAMILY HOME/SCHOOL includes 1639 sqʼ+/- upstairs living quarters & a SUCCESSFUL PRESCHOOL & BEFORE/AFTER SCHOOL care programs business is on a 5635 sqʼ CORNER PROPERTY. Run your childcare business, PAY YOUR OWN MORTGAGE INSTEAD OF RENT!
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Gurjinder K Bhurji
Independently Owned & Operated
ROYAL LePAGE Wolstencroft Realty
Bus: 604-530-0231 Cell: 604.802.6703 gkbhurji@royallepage.ca
www.gurjinderbhurji.com 1051 Ewson St, White Rock
New Listings Direct to Your Inbox
GET YOUR FREE PROPERTY ALERTS
NEW LISTING Asking $1,795,000
Beautiful Three Year old home in heart of White Rock. Water and Mountain views from Main and Upper levels. High end Kitchen with Granite countertops, stainless steel appliances, Hardwood flooring throughout the home. Enjoy the natural lighting throughout the Upper level. Main floor has master bedroom plus three other bedrooms all with ensuite washrooms, and a Den for office work. Basement has two Bedroom legal suite with good rental income. Barbeque on a huge open deck with ocean views in the back. Close to Peace Arch Elementary and Earl Marriott High school. Shopping and Beach closeby. Seller will look at trade options.
ROYALLePAGE Wolstencroft Realty - Langley Independently Owned & Operated
Unit #110-19925 Willowbrook Drive, Langley, BC V2Y 1A7
R E W.ca » B U R N A BY / N E W W EST M I N ST E R » F R I DAY M A RC H 1 3 , 2 0 1 5
Ten Year Master Medallion Member Commercial / Residential
DON FORSYTHE
GARRY DARRED
"You're in Safe Hands"
604-826-5733 CELL 604-607-4900
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Royal Pacific Realty
604.729.7049
25 YEARS REAL ESTATE EXPERIENCE
Canadian 1st Realty Inc.
missiondon@yahoo.com
ROSEDALE’S ORIGINAL GROCERY STORE 51278 - 51296 YALE ROAD ROSEDALE, B.C y $105,000 Reduced B 550,000 Originally $ 5,000 44 Now Only $
OPEN HOUSE DAILY 1-3 P.M. until SOLD SATURDAYS & SUNDAYS 1-4 P.M. R Rosedaleʼs d l ʼ original i i Grocery Store 2600 Sq.Ft., includes 1 bedroom living quarters with i h washh room. Huge Basement, Adjoining 600 Sq.Ft. Store has separate interior and exterior doors. Includes own washroom. Building presently being operated as Country Store, Spa, Salon and Country Diner. This is a share sale. Attached fenced lot is 39.5ʼ X 101.6. Both titles are Zoned C-2. Building is concrete block with newer roof and updated electrical. Lot is fully fenced. This is a corner property with driveways on two main roads. Still has Grocery store licence and may qualify for B.C.ʼs new Liquor laws. Price has been reduced by $105,000 to only $445,000. This is an exceptional opportunity. Information Package available on open house viewing. Hosted by Don Forsythe, Canadian 1st Realty Inc. 604.607.4900
2.5 Acres Parcel in Coquitlam with stunning views. Previously approved for 11 lot subdivision. Lots range from 7000 to 9000 sqft Asking $3,650,000 • V1101999 MORE INFO CALL: SURINDER BHANDAL 604-889-5885 OR GURMEET (GARRY) DARRED 604-729-7049
New Listings Direct to Your Inbox
GET YOUR FREE PROPERTY ALERTS
VE N C I N LU TO D E DA D * Y
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ONE MINUTE TO EVERY WHERE
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South Point Exchange Mall Clancy’s, Cobs & Keso’s Access to Vancouver & USA Bus Transit to Lower Mainland Parks, Paths & Green Spaces Communal Garden & BBQs Owners’ Lounge, Gym & Patio
LUXURY CONDOMINIUMS LOCATED IN THE HEART OF SOUTH SURREY WITHIN WALKING DISTANCE TO EVERYTHING YOU WILL EVER NEED OR WANT.
HOMES FROM
$240,900 5% DOWN PAYMENT
COME IN TO BOOK A SITE TOUR
GE OR
Sales Centre Open Daily 12 to 5 pm (Except Fridays)
GE VD BL
148 St
99 AY W GH 152 St
NG
HI
KI
32 Ave
South Point Exchange Mall Across From Save-On-Foods 3041 152nd Street, Surrey, BC
604.560.3238 SouthPointWalk.ca * See sales rep for details. Prices and incentives subject to change and do not include taxes.
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E INF MOR R O F
O
ER T S I G RE LINE ON AY! TOD
MAKE IT YOUR HOME. MAKE IT YOUR COMMUNITY.
SALES CENTRE OPENING SOON WATCH OUR WEBSITE FOR MID-MARCH GRAND OPENING DATE
MurrayvilleHouse.com
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Tranquil and beautifully landscaped, Murrayville House exudes a welcoming ambiance. Pride of ownership comes naturally here. The boutique collection of 92 one and two bedroom homes, many with dens, feature large balconies and patios that extend your living and entertaining space outdoors. A central courtyard with tranquil seating areas and private walkways evoke a sense of community. Make it your home. REGISTER ONLINE FOR MORE INFO
MurrayvilleHouse.com SALES CENTRE
DEVELOPED BY
HOMELIFE GLENAYRE REALTY LTD.
MARKETED BY
FOLLOW US
MurrayvilleHouse
220 -230 22196 50TH AVE, LANGLEY
Renderings, illustrations, floor plans and square footages are approximate and may differ from final product. The Developer reserves the right in its discretion to make changes to the floor plans, project design, appliances, specification and features. This is not an offering for sale, such offering can only be made with a Developer Disclosure Statement. E.&O.E.
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STARTING FROM
$179,950*
Whether you are buying or renting it is always fun in the Sunny Fraser Valley.
Open House Fri-Sun 11-4 Phone: 604-745-4104 www.discoverbridalfalls.com
*Net of Rebates.
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OP GI EN ST SP ER RIN NO G 20 W 15
DISTINCTIVE DESIGN. 1,2,3 LEVEL HOMES WITH YOUR OWN STREET LEVEL ENTRY
A rare find in sunny Tsawwassen, CityHomes offer the perfect blend of condo and townhome living. Private entries mean no communal hallways. The variety of spacious open floor plans offers plenty of choice. Secure underground parking and low maintenance complete the lock-and-go lifestyle. 1708–55A STREET AT 18 AVENUE, TSAWWASSEN
CITYHOMESNORTHGATE.CA | 604.948.2345
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VANCOUVER’S
LAST
WATERFRONT
NEIGHBOURHOOD
IT STARTS WITH VISION. REMEMBER YALETOWN’S TRANSFORMATION? When Yaletown began it was just a few residential towers. Imagine if Urban Fare and Starbucks were there from the start. River District Town Centre will launch as a complete neighbourhood, with retail, restaurant, residences, parks and playgrounds. Now is your chance to become part of this new neighbourhood—built from the ground up on the last section of Vancouver’s waterfront.
YALETOWN THEN
YALETOWN NOW
YVR
RICHMOND MARINE AND CAMBIE FRASER RIVER
TOWN CENTRE HOMES COMING SPRING 2015 INCLUDING GROCERY, BANK, CAFE AND RESTAURANT
REGISTER TODAY
BOUNDARY AND MARINE This is not an offering for sale. One can only be made by way of a disclosure statement. E.&O.E.
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BUILT WITH A HEART FOR THE NEIGHBOURHOOD CENSORIO PROUDLY INTRODUCES
CONDOMINIUM HOMES IN BURNABY HEIGHTS
HIGH-RISE LIVING IN NEW WESTMINSTER
8 Exclusive homes in the heart of one of the best neighbourhoods in BC, Burnaby Heights. These large, liveable homes are modern but have a heart for old world tradition. Experience beauty in craftsmanship by a developer who’s invested in making the Heights truly special.
If you’re interested in New West, and you like the connectivity this community has to offer, then get out of the traffic and into a real neighbourhood. At Elliot Street, you live right on the park on a quiet street yet you’re only steps away from transit and the city centre. We’re under construction but it’s your last chance to buy at pre-construction prices.
OFFERED BY APPOINTMENT ONLY 4721 HASTINGS STREET, BURNABY, BC PLEASE CALL FOR PRICING
censorio.com FOR INFORMATION CALL 604.662.8009 (EXT. 250) This is not an offering for sale. Prices exclude taxes. The developer reserves the right to make changes to the pricing, incentives, floor plans and specifications without notice. E. & O.E.
OFFERED BY APPOINTMENT ONLY 188 AGNES STREET, NEW WESTMINSTER, BC 1 BEDROOMS STARTING AT $244,900 2 BEDROOMS STARTING AT $384,900 TOWNHOMES FROM $499,900
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BURNABY • NEW WESTMINSTER
FRIDAY, MARCH 13, 2015
Looking for a new home? Start here.
R E A L
E S T A T E
KERRISDALE’S NEW LUXURY LIVING CONDO RESIDENCES
W E E K L Y
Kerrisdale has long been one of Vancouver’s most sought-after neighbourhoods to live, work and play in. This tree-lined, quaint enclave has a rich history dating back to 1905. Considered the crème de la crème of neighbourhoods, this is where Boulevard Private Residences found its home. “Kerrisdale is noted as an upscale enclave of Westside Vancouver,” says Lily Korstanje managing director, Magnum Projects. “There is Ivy league cache here because of it’s close proximity to some of Vancouver’s highest rated public and private schools, including Magee, Point Grey, St. George’s, York House, Vancouver College and Little Flower Academy.” Boulevard in Kerrisdale is a boutique-style, four storey building showcasing an exquisite collection of 38 Designer Residences, featuring junior, one, two and three bedroom condominiums. “We are 70 per cent sold and we are releasing the remaining 30 per cent of our homes,” adds Korstanje. “There is still a good mix of all suite types available.
Our junior one bedroom is open style studio with built-in Murphy bed, 150 square foot patio, a parking stall and storage space all for $367,900. For that price, a young couple starting out can actually live in Kerrisdale.” For discerning buyers who are looking for luxury condo living, Boulevard features old world craftsmanship and signature finishes such as: Oak engineered hardwood flooring throughout living space, nine foot ceilings (10’ in the ground level condos), plush wool-blend carpeting in bedrooms and Zen-inspired bathrooms with frameless glass showers. “Our patios range from 150 to 400 square feet of extra living space, making it a perfect extension of your home … where do you get that downtown?,” asks Korstanje. The kitchens are guaranteed to wow even a celebrated chef. Everything you dream of is here: choice of soft-close cabinetry in white high gloss, white oak or natural oak, Caesarstone countertops with a 1½” square edge finish, ceramic tile backsplash, Franke single bowl undermount
These elegant residences must be seen to be fully appreciated. The presentation centre, located at 2126 West 41st (Formerly Ed’s Linen’s), Vancouver, is open daily from noon to 5 p.m. (except Fridays) or by appointment. Occupancy is slated for spring 2016. For more information, call 604-685-5778 or Chinese hotline at 778.889.8898, email info@boulevardkerrisdale.com or visit www.boulevardkerrisdale.com
In Print > Online > It’s All Here
stainless steel sink with a Hansgrohe polished chrome faucet, pullout spray, and garburator and an Energy Star Fisher & Paykel stainless steel appliance package. The private bedrooms are an oasis of luxury with its plush carpeting, large walk-in closets and marble-tiled master ensuite. As one of the most distinguished neighbourhoods in Vancouver, you will find plenty of amenities including transit and recreational opportunities, all within easy walking or driving distance. Boutique shops and cafes, easy access to UBC and transit are just a few of the reasons why you want to own at Boulevard. These gorgeous homes come to you from the highly respected Redekop Group of Companies, a builder with more than 25 years of quality workmanship. “In pre-sale you want a builder you can trust,” says Korstanje, adding they built the upscale Crescent West townhomes in UBC and Kitswest in Kitsilano. “Redekop is renowned as a builder with integrity. Their motto is: ‘We build it; we guarantee it.’”