THURSDAY, AUGUST 18, 2016
VANCOUVER EASTSIDE
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
Metro Vancouver Home Sales Plunge – But Prices Continue to Soar: Board M
etro Vancouver home sales in July dropped nearly 19 per cent compared with a year ago and plummeted nearly 27 per cent over the previous month – marking a return to “more historically normal” July levels, according to a Real Estate Board of Greater Vancouver (REBGV) report published August 3. But despite the summer slowdown in sales, the benchmark price of a typical home (all property types) across the region continued to soar, now standing at $930,400, a 32.6 per cent rise over July 2015. However, this headline figure for all of Metro Vancouver masks huge variations in typical prices between property types, municipalities and neighbourhoods.
Sales and Listings Residential property sales in Greater Vancouver totalled 3,226 in July 2016, a fall of 18.9 per cent from the 3,978 sales recorded the same month last year, and a decline of 26.7 per cent compared with
GO TO
REW.CA /NEWS TO READ THESE STORIES AND MUCH MORE REAL ESTATE NEWS AND ADVICE
June this year, which saw 4,400 home sales. Last month’s sales were a relatively modest 6.5 per cent above the 10-year sales average for July. “After several months of record-breaking sales activity, home buyer demand returned to more historically normal levels in July,” said Dan Morrison, REBGV president. Predictably, single-family home sales in July saw the biggest decline at 1,077 total sales, a drop just shy of 31 per cent compared with the 1,559 sales recorded in July 2015, and a decline of just over 31 per cent compared with June’s 1,562 detached house sales. Sales of townhouses and other attached homes, which had increased the previous month, fell in July by 20.7 per cent year over year. The total of 547 sales was also a drop of 25 per cent compared with June’s 730 townhome sales. Condo-apartment units in the region fared a little better than other property types, with 1,602 units changing hands in July 2016, a drop of 7.3 per cent
BC Home Sales Fall Slightly – But Not as Steeply as Vancouverʼs
compared with the 1,729 sales in July 2015, and a 24 per cent fall from June’s figure of 2,108 sales. New home listings on the Greater Vancouver MLS® increased by 2.5 per cent year over year to 5,241 in July 2016. However, this is a 10.8 per cent decrease compared to June this year when 5,875 properties were listed, as fewer sellers listed their homes during the summer months. This meant that total active listings at the end of July stood at 8,351, 27.4 per cent down from the same month last year (11,505). Like the previous month, July’s total listings figure is a slight monthover-month rise of 6.9 per cent, reflecting the further slowing of sales between the two months.
Benchmark Prices Despite the drop in home sales and in the sales-to-listings ratio, home prices in the Greater Vancouver area continued their seemingly unwavering upward climb.
How I Styled the BC Childrenʼs Dream Lottery Prize Home
The combined residential property type benchmark price in Metro Vancouver raised the bar yet again in July, at $930,400 – a 32.6 per cent year-over-year increase. The typical detached house in the region is now $1,578,300, a rise of 38 per cent compared with the same month last year, and yet again the sharpest price rise of the three home types. This was a relatively modest rise of just over one per cent since just the previous month ($1,561,500). The July benchmark price of a townhome or other attached unit in Greater Vancouver rose by 29.4 per cent compared with July 2015 to $669,000, up 1.8 per cent compared with June ($656,900). Condoapartment benchmark prices in July rose 27.4 per cent year over year to $510,600, a rise of 1.9 per cent over June’s price ($501,100). 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 at www.rebgv.org
Strata Advice: An Easy Solution for Condo Residentsʼ Disputes
•2
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY AUGUST 1 8, 2 0 1 6
Bob Bracken
604.263.2823
bobbracken.com bob@bobbracken.com
Real Estate Services Each office independently owned and operated.
410-650 W 41ST Avenue, Vancouver, BC V5Z 2M9
Real Estate Investment Think Bob Bracken
CITY HALL MULTIFAMILY BLDG ON BIG LOT KITSILANO NORTH OF 4TH MULTIFAMILY BLDG MAIN / FRASER CHARACTER FOURPLEX SOLD 4+ 6+ NORTH FIRST 4 OVER UNITS! UNITS! OF 4TH CLASS! UNITS! ASK!
225 WEST 15TH AVE
3536 WEST 1ST AVE
*** NEW LISTING! *** 506 EAST 43RD AVE
• Edwardian Character Multifamily Bldg, 4361 SF, 4+ Units • Suite Mix: 1X1 Bdrm, 2X1 Bdrm & Den, 2X2 Bdrm • Big 50’X125’ RT-6 Lot, Gr Inc $91,000, Excellent Condition • Investors, Owner-Occupiers, Developers Asking $2,988,000
• Kitsilano, Big 3700 SF Character Multiplex, 33’X122’ RT-8 • 1st Class Loc, Mtn Views, 1 Block to Beach, Double Garage • Gr Inc $125,688/yr, Great Tenants & Suite Mix, 6+ Units • Investors, Owner-Occupiers, Developers Asking $3,339,000
• Char 4 Suites, 3483 SF, 3 Lvl Multifamily Bldg, Great Cond • 2 Bdrm Owner Suite, 3X1 Bdrm Suites, 5 Meters, 3 Furnaces • $2750/mo mtg helper, Pot Inc $5550/mo, Corner RM2 LOT • Investors, Owner-Occupiers ,Developers Asking $1,798,000
MOUNT PLEASANT LEGAL TRIPLEX
COMMERCIAL DR STRATA DUPLEX W 4 UNITS
REAL ESTATE WITH CASH FLOW
LEGAL TRIPLEX!
INCOME!
SOLD!
4 UNITS!
628 EAST 12TH AVE
2670 - 2680 WOODLAND DRIVE
• Big 4 Level, Great Character Legal Triplex, 2728 SF • Suite Mix: 2 lvl 3 Bdrm, 2X1 Bdrm, 33’X122’ RT-5 Lot • Gr Inc $48,000yr, Fenced Yard, High Ceilings, Views • Investors, Owner-Occupiers, Developers Asking $1,398,000
• Commercial Drive, Side-by-Side Strata Duplex w 4 Suites • Each Side has Top Flr 3 Bdrm Unit & Main Flr 2 Bdrm Unit • Total 3568 SF, Gr Inc $79,980/yr, Corner 50’X122’ RT-5 Lot • Investors, Owner-Occupiers ,Developers Asking $2,498,000
HOUSES WITH SUITES DUPLEX, TRIPLEX, FOURPLEX 5PLEX, 6+ UNITS APARTMENT BUILDINGS LAND FOR RE-DEVELOPMENT IF YOU ARE THINKING OF SELLING OR BUYING INCOME PROPERTIES CALL BOB BRACKEN 604-263-2823
HOUSES DUPLEX TRIPLEX 4PLEX 5PLEX 6+ UNITS APARTMENT BUILDINGS DEV SITES
GARRY DARRED Royal Pacific Realty
.com
www.
604.729.7049
OUTSTANDING AGENT
604-275-9787 patsy@patsyhui.com WESTCOAST
Only $1,688,000 Lot: 40×110
... OUTSTANDING RESULTS
104 Sales so far in 2016!
RECIPIENT OF RE/MAX LUMINARY OF DISTINCTION AWARD
$1,899,000
6-BDRM 2-LEVEL HOME
6688 CULLODEN STREET Lovely 2204 sqʼ BRIGHT & SPACIOUS family home in desirable SOUTH VANCOUVER location. 9ʼ ceiling on main floor. MAPLE FLOORING in living & dining room. MAPLE CABINETS & GRANITE COUNTERTOPS in kitchen. Gas fireplace in living room. TILE ROOF & RADIANT HOT WATER HEATING THRU-OUT. 3 bedrooms, 2 full baths on main. Downstairs has a 1-BEDROOM SUITE & 2-BEDROOM SUITE WITH SEPARATE ENTRANCE. Close to transit & schools. A pleasure to show!
Open House Saturday and Sunday 2-5PM 2539 East 19th Ave. In our life time we do wish to have a dream home at a dream location. Well, here is the opportunity to make your dreams come true. This lovely home comes with all the bells and whistles. This fully renovated home has brand new engineered hardwood flooring up stairs. It comes with 3 bedrooms up , 2 full bathrooms up and a huge deck at the back for your entertainment. Rec room with bar downstairs and 2 piece bath for upstairs use and 2 store rooms. One bedroom unauthorized basement suite down stairs with its own laundry, one car attached garage and an automatic gate at the back. This beauty is just perfect from every angle. Only 3-5 mins walk to Lord Beaconsfield Elementary school. ( Your kids don’t have to cross any busy roads). 5-7 mins walk to World famous Trout Lake and Nanaimo Skytrain station. You cant ask for more. See it yourself this weekend. Be the first one to grab it. Oh, did I mention that this home comes with HRV system?
COME LIVE IN THE PARK! #2201-6888 STATION HILL DR. Burnaby, South 2 Bedroom/2 Bath/2 Parking/1175 sq. ft.
$658,000
Welcome to the prestigious “Savoy Carlton”, the flagship of Burnaby’s “City in the Park”, designed by world renowned architect Arthur Erickson. This solid concrete building is adjacent to a large 1 ½ acre formal garden featuring a reflecting pool with fountains & a grand staircase. The protected forever 270 degree views from this CORNER suite are spectacular, showing off Mount Baker to Vancouver Island & beyond. Resort style amenities are also included. The potential is limitless when you combine decorating ideas with this popular floor plan. Lots of visitor parking & the SKYTRAIN is steps away. Pick your move in dates as suite is vacant.
OPEN AUG. 20/21 SAT. & SUN. 2 to 4 p.m. SEE www.TerryVato.com FOR MORE DETAILS
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY AUGUST 1 8, 2 0 1 6
3•
•4
R E W.ca Âť VA N COU V E R E ASTS I D E Âť T H U RS DAY AUGUST 1 8, 2 0 1 6
NORM FLOCKHART
PREC
(604) 261-7275
Our mobile banking specialists are conveniently located.
13 Year Member of MLS Medallion Club OPEN SAT/SUN 1-3!
$1,379,000
3 BR's & DEN! QUIET, TREE-LINED STREET! 1930 Home features lots of original woodwork, brick-faced ďŹ replace, & high ceilings on Main. Easy to suite the unďŹ nished Bsmt. Upgraded wiring & panel. 33' x 98' Lot. Still work to be done, but super location! 5251 St. Catherines Street.
www.normflockhart.com
Tony Alves
Teresa Pang
604.889.7008 Meet Paul Olak your local Coast Capital Savings Mobile Banking Specialist. Paul will come to you where you are, whenever it works for you. Because when it comes to mortgages, you don’t always have time to visit a branch. He can bring you newals, our best products and rates on new mortgages, renewals, and even construction or development financing. So give Paul a call, he’d love to help.
604.617.0189
Centre Realty 604.435.9477 www.tonyalves.ca • aalves@sutton.com
pangt@sutton.com
2084 EAST 54TH AVENUE • $1,288,000 OPEN HOUSE SAT 2-4 PM
Paul Olak 604.786.3267 paul.olak@coastcapitalsavings.com coastcapitalsavings.com
NEW LISTING
Obsessed with real estate?
6R DUH ZH $QG WKDW¡V ZK\ 5(: FD LV WKH WRS FKRLFH IRU UHDO HVWDWH OLVWLQJV QHZ GHYHORSPHQWV DQG QHZV LQ %&
This 2 bedroom bungalow plus a finished basement sits on the great location of Victoria Drive and 54th aarea. Loads of potential, renovate aand build a laneway home or build a 2,263 sq.ft. home plus a 517 sq.ft. laneway on this easy to build on lot. Basement could be a nice suite with a little TLC.
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY AUGUST 1 8, 2 0 1 6
“Your East Vancouver Real Estate Experts!” NEW LISTING
$2,999,900
Lisa MacIntosh
5•
Diane Kunic-Grandjean
KITSILANO'S TATLOW PARK 4 LEVEL 1912 CHARACTER HOUSE WITH 3 SUITES! 7 BED - 3 BATHS - 3360 SQFT Unique 1912 four level Character home North of 4th at Tatlow Park in Kitsilano! Come discover 3 sizeable, comfortable suites comprising of a 3 bed garden level (847 sqft), 1 bed & den on the main floor (976 sqft) and an owner-occupied eclectic top 2 level 3 bedroom suite of 1537 sqft! In-suite laundry on each floor, lots of mechanical updates over the past 28 years, this Grande Dame offers not only an inviting private front yard for your al fresco dinners, but a large enclosed backyard & decks on each level from which to take in the North shore views. This part of 3rd now being a cul-de-sac, you'll come for the quietness but will stay for the funkiness of this lady in pink & ease of access to a secluded beach via beautiful Tatlow park. 2831 W. 3RD AVE.
STEPS AWAY FROM TROUT LAKE, SOUTH FACING 1925 CRAFTSMAN BEAUTY IN THE HEART OF FRONT ½ DUPLEX - 3 BED UP, 2.5 BATH & DETACHED GARAGE KITSILANO – 4 BED, 2.5 BATH W/LEGAL SUITE 1785 E.14TH AVE.
$1,149,900
This is not your usual South facing ½ duplex: step inside to a well-laid out floor plan offering a refreshingly expansive living room with fireplace, a dining area able to host numerous guests & a wonderfully appointed kitchen with shiny white cupboards, s/s appliances & beautiful black granite countertops. The top floor will wow you with its 3 bedrooms & 2 bathrooms of unusually ample size – especially the master bed & its ensuite! Fantastic amount of natural light throughout, storage galore & a powder room on the main floor. BONUS: detached garage turned into a storage & office space! Feel right at home with its Westcoast flair, covered porch, large front garden and a short walk to Trout Lake & its Farmer’s market.
VERY UNIQUE 1 BEDROOM CORNER UNIT OF 702 SQ.FT. W/ FANTASTIC & PRIVATE OUTDOOR SPACE! 107-925 W. 15TH AVE.
$484,900
Set on the quiet North East corner, this 720 sq.ft. split-level 1 bedroom shares only one wall with its neighbor & is sure to impress you with a functional U-shaped self-contained kitchen, sizeable bedroom offering 2 closets & a window overlooking your very own deck. Step up to a sun-filled open concept space with beautiful Brazilian hardwood flooring throughout, a dining area easily hosting 10 people without forgetting an ample living area with a woodburning fireplace. UNIQUE BONUS: your very own private semi-covered wrap-around deck of nearly 300 sq.ft. overlooking the yard of a house! Where do you get this in the city? Insuite laundry, 1 parking, 1 cat or 1 dog (max 40lbs). All balconies done & depreciation report available. A delight to show!
3444 W. 5TH AVE.
$2,950,000
Sitting across from McBride Park in the heart of Kitsilano, this 1925 Craftsman offers yesterday's cachet with today's comfort. Beautifully restored character home with all of the original Fir trim work lovingly refinished. The foyer's wainscoting sets the tone for the main floor: a spacious front reading room/den, a large living room with fireplace opening onto a dining room designed for entertaining. In the mood for a BBQ? Open your French doors and step onto your gigantic South facing deck! Upstairs offers 3 sizeable bdrms, the front bdrm has a unique attached crafts room. BONUS-a full height basement with a self-contained 1 bdrm suite (done with permits) with its own south facing patio. The front & back gardens are enjoyed from every window, creating an Urban Oasis on this 46x120 lot.
TROUT LAKE & THE DRIVE – FANTASTIC FRONT ½ DUPLEX - 3 BED & 2.5 BATH! 1656 East 13th Avenue
$1,149,900
Fabulous front 1/2 duplex on a 33x127 lot, a stone throw away from Trout Lake and The Drive! It has it all: 3 spacious bed on the upper floor, including a master bed with large window with North Shore Mountain views, a newly renovated en-suite and 2nd full bath with jetted tub. The main floor offers a unique layout: very airy, spacious living room with substantial ceiling height, gas fireplace and a bay window overlooking the front yard. Sizeable dining area easily welcoming a party of 8, adjacent to a well-appointed U-shaped kitchen with plethora of storage and granite countertops. Separate large pantry-laundry room. Enjoy the front & side gardens which sizes can rival that of a house. New windows throughout, new fence & front stairs. Transit, Restaurants, Fun, Parks all at your doorstep. This is East Van living at its best!
L i s a M a c I n t o s h Te a m - D e x t e r A s s o c i a t e s R e a l t y Medallion Club - Top 10% of Realtors in Greater Vancouver Photos & Visual Tours at: www.lisamacintosh.com Email: lisa@lisamacintosh.com Tel: 604-263-1144
IN PRINT AND ONLINE Your go-to source for the latest Lower Mainland listings, news and advice
www.dexterrealty.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale 5168 RUBY ST
$1,328,800
A solid and well maintained home from the 1950's. This home is in very good shape and would make a great starter home or rental investment (suite potential). A large lot size for the area (50ʼx103ʼ). Rezoning in the Joyce / Collingwood area for higher density would make this a good holding property for future redevelopment. Quiet street close to major shopping and transportation. ROBIN HILL & GRACE KREYKENBOHM 604-340-4000 778-998-4523
104 – 228 E14th Ave
Taking our Listings Global $599,000
WATERFRONT LIVING!
$365,000
RENOVATED VIEW CONDO FABULOUS PATIO
★
OPEN SAT/SUN 2-4PM HUGE GARDEN PATIO!
• Unbeatable location! • A new life? • A new relationship? • A new baby? • Rarely available! Philip Rogers 604-808-4623
Waterfront VIEW condo along the Fraser River! Spacious 1 bed with huge patio and lots of modern updates! In-suite storage, laundry, parking. Well-maintained RAINSCREENED freehold building with resort style amenities! Steps to transit, parks, river walkway. A Must see! Call to view. 108-2020 E.KENT AVE S. LORI PETTIGREW & ALAN YASIN 604-649-7040
•6
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY AUGUST 1 8, 2 0 1 6
FINAL BUILDING FOR SALE SATURDAY
Higher Living. Higher Learning. Nestled on the hillside at Simon Fraser University, Veritas by Polygon is a limited collection of one plus den and two bedroom apartment residences in the unique campus community of UniverCity. Enjoy mountainside living in an environment of academia and nature, with move-ins this year! Two bedrooms priced from $399,900
8999 Cornerstone Mews, Burnaby Open Noon to 6pm Daily (except Friday) 604.298.9965 veritas@polyhomes.com
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY AUGUST 1 8, 2 0 1 6
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
224,900
DiscoverBridalFalls.com
Intelligent living BY ZENTERRA DEVELOPMENTS
7•
VANCOUVER EASTSIDE
THURSDAY, AUGUST 18, 2016
Looking for a new home? Start here.
R E A L
E S T A T E
W E E K L Y
Metro Vancouver New Home Building Permit Values Plummet: StatCan
M
etro Vancouver new housing permits totalled less than $372 million in June, according to Statistics Canada figures released August 8. The figure is a decline of 31.7 per cent from the previous June and a drop of nearly 42 per cent over May’s $588 million worth of permits issued, despite housing supply shortages exacerbating the region’s affordability problems. Single-family homes saw the
highest total value of permits issued, up nearly 22 per cent year over year to $159 million. But multi-family building permits fell nearly 53 per cent since last June, to just shy of $121 million, and there were no duplex permits issued.
Building Across BC Across BC as a whole, the value of residential building permits was $693 million in June, a drop
of nearly 21 per cent from the $867 million in May, and a eight per cent decline year over year. In the three other BC metropolitan centres surveyed, Victoria, Kelowna and Abbotsford-Mission all saw year-over-year rises in new home permit values, although the totals were not high enough to prevent Vancouver’s decline from dragging down BC’s overall figures. Building permits totalled $80.6
million in Victoria, up 82 per cent over the previous June. Kelowna saw a year-over-year rise of nearly 40 per cent to $32.2 million, although this was a steep drop of 54.3 per cent compared with May. And Abbotsford-Mission’s new housing permits were up nearly 20 per cent year over year to $12.4 million. Across Canada, the value of residential building permits was down 9.7 per cent year over year to $4.17 billion, a monthly drop of 2.2 per cent. As in Vancouver, a sudden decline in the value of multi-family dwelling permits was partially offset by a rise in singlefamily dwelling permits.
In Print > Online > Your comprehensive source for local real estate news and listings