VANCOUVER EASTSIDE Jan 28, 2016 Real Estate Weekly

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THURSDAY, JANUARY 28, 2016

VANCOUVER EASTSIDE

info@rew.ca • 604-435-7977

Looking to BUY or SELL a home? To assist you in making the best decisions, a professional Realtor can provide the most up to date information on the real estate market, price, financing and comparative properties in your area.

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THREE GREEN UPGRADES THAT ADD VALUE TO YOUR HOME By Bryn Huntpalmer, Modernize.com

I

n case you haven’t yet heard the news: going green isn’t just cool, it’s cost effective, too. There are plenty of home upgrades that can transform your home into a lean, energy-efficient, money-saving (and money-making) green machine. What’s even better is that they won’t cost you all that much to implement. So when it comes time to put your home on the market, even you’ll be impressed.

Harness Solar Power All right, home owners. Are you ready for some science? Almost all the energy needed to power our planet comes directly from the sun. Which means that, when harnessed, the heat from the sun’s rays is powerful enough to generate electricity in your home without emitting harmful carbon dioxide into the atmosphere (greenhouse gases), which is what happens when oil and coal (fossil fuels) are burned for energy. So the process of creating solar energy, or more appropriately, solar thermal energy by way of solar panels, is a clean and

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REW.CA /NEWS TO READ THESE STORIES AND MUCH MORE REAL ESTATE NEWS AND ADVICE

If your New Year’s resolution is to go greener at home, here are some great tips from energy-efficient home website Modernize renewable one that produces just as much electricity simply by concentrating the sun’s light into a specific area. The best part? After the panels are paid for and installed, electricity is completely free. As the earth’s population grows and the health of our planet becomes more and more delicate, the need to choose alternative energies grows stronger and more urgent. The great news is that these green home improvements are becoming easier to incorporate into our lives and designs. In recent years the cost of solar power has dropped, and many states offer incentives like tax credits to purchase solar power. Some utility companies will also offer financial incentives to buy, making solar panels one of the most

How to Maximize Income from a Mortgage Helper Suite

beneficial and lucrative green upgrades you can do for your home.

pigments to reduce heat absorption. These are available for most rooftops and are the easiest to add on. If you are in need of a new roof and want to convert it to a more energy-efficient version, it’s also helpful to consider the fact that replacing and installing a green roof is no more expensive than a standard rooftop, so weigh your options and choose your rooftop materials accordingly.

Landscape for Curb Appeal Green Your Roof According to the US Department of Energy, normal or dark-coloured rooftops can reach temperatures of up to 66 degrees C, which means your cooling system is working hard to regulate the temperature. In order to counteract these effects there are a few different methods for converting your roof into a cool roof – all of which depend on your preferences and budget. If you are considering a simpler and less costly adjustment, you can use a cool roof coating that allows you to coat the surface of your roof in a thick, paintlike material that has special reflective

Household Mold: Five Key Problems and their Solutions

It might sound unlikely, but a little shrub can make a big difference when it comes to increasing the value of your home. Nice landscaping can immediately make your home seem more attractive at first glance, which is helpful when it’s on the market. So plant and grow a garden, add some shrubbery to give it a full and abundant look and, above all, plant trees! Trees not only look great, they also release more oxygen into the atmosphere, which is good for everyone. What’s more, planting larger trees for shade can help decrease your home’s cooling costs, and make your house more energy-efficient.

Editorial: Why Vacant Home Tax Idea is Not a Vacant Home Tax


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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY JA N UA RY 2 8, 2 0 1 6

“Your East Vancouver Real Estate Experts!” NEW LISTING

$599,000

Lisa MacIntosh

Diane Kunic-Grandjean

BEST HIDDEN GEM IN MOUNT PLEASANT – 2 BDRM, 1.5 BATH, 2 BALCONIES & 2 PARKING! Best hidden gem in the heart of SOMA! Positioned on the North East & West corner with city & mountain views, this 2 bedroom unit is filled with natural light coming through windows on all 3 sides! An entertainer’s delight with its well-appointed modern kitchen opening onto a large dining area & a very roomy living room with gas fireplace & balcony perfect for BBQing (bring your housesized furniture). Spacious master bedroom with its own 2 piece en-suite, and a 2nd guest bedroom with access to a large balcony. Both bedrooms are set away for utmost privacy. Bonus: 2 parking! Insuite laundry, lots of in-suite storage, separate storage locker and pet-friendly, all in a very well-cared for building with depreciation report, roof (2010) & exterior paint (2012). 206-2621 QUEBEC ST.

HASTINGS SUNRISE$1,389,900 – UNIQUE CHARACTER HOME WITH NORTH SHORE VIEWS 2520 TRIUMPH ST.

$1,389,900 A very special and unique 1910 character home in the heart of Hastings

Sunrise with superb panoramic views of the North Shore Mountains. Offering over 3,200 sq.ft., this 4 level, 7 bedroom and bathroom home is divided into two suites: basement and main floor (4 bedrooms) with large bay windows, fir floors, detailed trim, mouldings and high ceilings – currently rented at $2,200. The 3rd & 4th floors are owner occupied with 2 bedrooms on the 3rd floor together with a distinctive and large spiral staircase leading to its one-of-a-kind Master Bedroom. This is where you’ll take in the amazing view of the North Shore mountains while sipping your coffee in the generous sitting area of your bedroom. This home could easily be converted into a grand 3 level home, with a basement suite. South facing backyard with gardening beds await your crops and there’s a new deck on the main floor. Walking distance to the numerous cafes, restaurants, grocery stores, library, community centre and Hastings Elementary w/ French immersion. A unique character home in a fantastic neighbourhood.

1914 HASTINGS SUNRISE FAMILY HOME $1,198,800

OCEAN, MOUNTAINS & CITY VIEWS, 2 BED, 2.5 BATH TOWNHOUSE, 1 BLOCK FROM KITS BEACH NEW LISTING

$874,900

Ocean, mountains & city views from this 2 bed, 2.5 bath NE corner townhouse on two levels located a block away from Kits beach (North of 4th). Sweeping views from every angle of the open concept top floor with its well-appointed kitchen and adjacent spacious dining room, comfortable living room with cathedral ceiling & skylight. Cozy up in from of your wood-burning fireplace while enjoying your views through large windows & French doors opening onto one of your two large covered balconies. Downstairs offers the master bedroom w/ ensuite & views, a guest bedroom w/ custom built Murphy bed & desk. Both bedrooms access your 2nd covered balcony. 1 pkg & 1 big storage, minutes away from all that Kitsilano has to offer! This is comfort living at its best. 13-1620 BALSAM ST.

ABSOLUTELY CHARMING CHARACTER HOME

Beautifully renovated 1914 character home with fantastic VIEWS towards the Mountains. Entertainerʼs kitchen with granite countertops, S/S appliances with gas stove. Lots of original character including w/b fireplace, Fir mouldings, coved ceilings & 2 claw foot tubs. 3 bdrms on main & 2 bdrms & den down for the garden level suite. Fenced backyard w/ full veggie garden. Fantastic Hastings Sunrise location, 1 blk from restaurants & shopping. Laneway house potential. 2727 FRANKLIN ST.

$1,198,000

Charming character home in the heart of Hastings Sunrise. Perfect family home w/ 5 bdrms, huge master bdrm & a very bright 2 bdrm suite Original fir floors, wood burning f/p & tons of windows, offering a lovely country cottage feel. The master bdrm is truly a retreat with 10 ft. vaulted ceilings, 4 pce en-suite & a stunning VIEW to the Mountains. Detached Artistʼs studio in the back yard. currently used as a workshop & rented for $700/month. Steps to shopping & schools. 2559 WILLIAM ST.

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

NORM FLOCKHART

PREC

www.dexterrealty.com

(604) 261-7275 12 Year Member of MLS Medallion Club

SOLD OUT!

604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale 868 KINGSWAY

Taking our Listings Global 2995 TURNER ST.

$2,588,000

YOUR LISTING HERE! CALL NORM FOR A COMPLIMENTARY MARKET EVALUATION NOW! www.normflockhart.com

Location, location, location! Wake up to fabulous North Shore mountain views in this newly renovated 2 bed/2 bath condo just minutes away from downtown. DONʼT MISS THIS GEM OF A HOME! 309-868 KINGSWAY. LISA FINDLAY 778-378-8090

66ʼ X 132ʼ CORNER LOT (HASTINGS SUNRISE) RSI prime corner level unit in Hastings Sunrise. Need I say more? Excellent location, close to schools, transit, shopping. 3 bdrm home in good condition with new roof & furnace. Please call for details. MARILOU APPLEBY 604-318-9566


R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY JA N UA RY 2 8, 2 0 1 6

Bob Bracken

Real Estate Services Each office independently owned and operated.

410-650 W 41ST Avenue, Vancouver, BC V5Z 2M9

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604.263.2823

bobbracken.com bob@bobbracken.com

Real Estate Investment Think Bob Bracken

COMMERCIAL DRIVE 8 UNIT APARTMENT BUILDING MOUNT PLEASANT UPDATED LEGAL DUPLEX 8 UNITS!

NEW LISTINGS!

2313 VICTORIA DRIVE

Commercial Dr 8 Unit Building! • Legal 6613 SF Apartment Building • Built 1908 by Architect A. J. Wilkinson • 8 Suites, 4 Levels, Original Character • Bannisters, High Ceilings, Bay Windows • Income $147,768/yr, Cap Rat 4.1% • 1 X 3 Bdrm, 3 X 2 Bdrm, 4 X 1 Bdrm Units • Larger 45’ X 110’ RT-5 Lot, fenced yard • 9 Electric Meters and 9 Gas Meters • Near Commercial Drive Shops, Transit • Signature Property with Cash Flow • Investors, Owner-Occupiers • Asking $2,980,000

NEW LISTINGS!

780-782 EAST 15TH AVENUE

MOUNT PLEASANT 5 UNIT MULTIFAMILY BUILDING SOLD OVER ASK!

5 UNITS!

477 EAST 10TH AVENUE

Mt Pleasant 5 Suite Building!

• Big 3452 SF Income Property • 5 Suites, Character, 3 Levels • Income $71,580/yr, Coin Laundry • 1 X 3 Bdrm, 2 X 1 Bdrm, 2 Bachelor • Larger 47’ X 124’ RT-5 Lot • Extensively Renovated in 2000 • Fully Sprinklered, 5 Electrical Meters • New Furnace, H/W Tanks, Windows • Close to Shops, Transit, Skytrain • 1 Open Parking & 3 Single Garages • Investors, Owner-Occupiers • Asking $1,878,000

DUPLEX PLUS!

Mount Pleasant Legal Duplex! • Like New, Character, Legal Duplex • 2, Bright 1150 SF, 2 Bdrm Suites • Plus Additional 1250 SF Accom • 3 Lvls, 3550 SF, 6 Bdrms, 3 Baths • Totally Renovated with Permits • Income $3,800/mo, $45,600/yr • Potential $5,500/mo, $66,000/yr • Landscaped Yard, 3/4 Parking • Mount Pleasant Neighbourhood • Close to Shopping, Transportation • Investors, Owner-Occupiers • Asking $1,598,000

BIG BURNABY HOUSE WITH 3 SUITES 3 UNITS!

SOLD OVER ASK!

4518 BRENTLAWN DRIVE

Burnaby House with 3 Suites!

• Big 5 Bdrm, 2 Bath Family Home • Plus 2 Big Suites Down • Larger 51’ X 122’ R10 Lot • Suite mix: 1 X 5 Bdrm, 1 X 2 Bdrm, • Plus 1 X 2 Bdrm & Den Units • Newer Windows, Roof, Furnace, • Hot Water Tanks, Drain Tile • Lots of Open Parking at back • Excellent Holding Property • Close to Brentwood Mall, Transit • Investors, Owner-Occupiers • Asking $1,388,000

HOUSES DUPLEX TRIPLEX 4PLEX 5PLEX 6+ UNITS APARTMENT BUILDINGS DEV SITES

604-351-0278

www.courtneyotto.ca courtney@dexterrealty.com

DEXTER ASSOCIATES REALTY

778-863-7973

www.robinsonproperty.ca

Sutton Centre Realty AN INDEPENDENT MEMBER BROKER

trobinson@dexterrealty.com

Courtney Otto NOT ON MLS!

Tyrone Robinson $1,599,000

CHARACTER HOUSE ON TROUT LAKE Amazing character house directly on Trout Lake with a full view of the park and water. Extremely rare opportunity, not even listed on MLS - avoid the bidding wars by acting fast! 3030 VICTORIA DR. COURTNEY OTTO 604-351-0278 TYRONE ROBINSON 778-863-7973

OPEN HOUSE SUNDAY 1-3 PM 3410 West 8th Ave., Vancouver This craftsman home has just been remodelled to uncompromising standards, meticulously crafted by a master builder. Luxurious and outstanding quality, elegant high end materials & finishing, over 2250 square feet on three levels. Gourmet kitchen with custom cabinetry, granite countertops and Wolf stainless steel commercial gas range. Great investment opportunity or live in one unit and collect the rents from the two-bedroom legal suite. South facing back yard with a new double car garage. Quick access to shopping, restaurants, schools, transit, Kits Beach, UBC and minutes to Downtown. Open house Sunday 1-3pm. $2,680,000


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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY JA N UA RY 2 8, 2 0 1 6

Over 35 years of proven results and consistently in the top 1% of the real estate industry.

LORNE GOLDMAN 604.263.1911

Personal Real Estate Corporation rporation

lorne@vancouverresidence.com

www.vancouverresidence.com


R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY JA N UA RY 2 8, 2 0 1 6

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Over 35 years of experience in selling and custom building houses in B.C. 15 years Diamond Master Medallion Club Member, Top 1% President Club Award of All Realtors in Real Estate Board of Greater Vancouver.

BALDEV SANDHU & JULIANA HO TEAM Top New Home Construction Award

Free Market Evaluation. Sell your house fast. Buyer with Cash looking for building lot. Custom build your dream house.

Diamond Master Medallion

BALDEV SANDHU 604-880-9571 www.BaldevSSandhu.com DaveSandhu@royalpacific.com Vancouver East, Renfrew Big Lot for Sale 3247 E. 3rd Ave. NEW LISTING

JULIANA HO 778-869-9688

ROYAL PACIFIC

www.JulianaHo.com Juliiho@gmail.com

R E A LT Y

Vancouver East, Renfrew Vancouver East, Renfrew Presale, Build to Suit, 3 storeys plus LWH Presale, Build to Suit, 3 storeys plus LWH 2165 Rupert St. 3007 East 6 Ave.

Vancouver East, Collingwood Presale, build to suit, 3 storeys plus LWH 3304 Austrey Ave.

NEW LISTING

NEW LISTING

$1,739,000

NEW LISTING

$2,238,000

$1,758,000

Vancouver East, Collingwood Brand new house under construction 5498 Dundee St.

NEW LISTING

$788,000

$1,550,000 - An ideal lot size 40x124

BIG LOT FOR SALE

ft with gorgeous 180 degree view in Renfrew area. - Floor plan for 4050 sf house in 3 storeys plus LWH is processing in City of Vancouver.

-

- Price to sell. Vancouver East, Collingwood SxS Duplex, 2-storey with bsmt under constr.5508 Dundee St.-5502 Dundee St. $1,275,000

NEW LISTING

MASTER

$1,225,000

- A quality built 1745 sf duplex under construction - 3 bedrooms at above, living room, dinning room, kitchen, 2 bedroom suite at basement - 3.5 bathrooms,granite counter top, maple wood cabinets, hardwood floor, HRV system, inter-telecom - Single garage.

Burnaby South Concrete high rise apartment 602-4657 Hazel Street, Burnaby

NEW LISTING

A fabulous custom 2 storey with basement Total area 3300 sf house with LWH Total 7 bedrooms, 6 bathrooms Granite countertop, maple wood cabinets Radiant floor heating, HRV and security system Single garage Buyer to provide own plan & colour choice are welcome Vancouver East, Renfrew Heights Presale, build to suit, 3 storeys plus LWH 3247 East 3 Ave., Vancouver

$353,000

NEW LISTING

- Concrete high rise apartment - Great location - Minutes walk to Metrotown & all amenities - This beautiful, well maintained one bdrm suite, 705 sf, to enjoy a gorgeous view - Don't miss!

$2,350,000

- An ideal lot size 40x124.04 - 2 storeys with bsmt, 3480 sf main house plus 750 sf Lane Way House & garage - Finest in workmanship, top quality material - Buyer to provide own floor plan and colour choice are welcome

- A fabulous Southern view on high side of Renfrew area - A corner lot on a quiet street, 2 blocks - A brand new single house under construction from Joyce skytrain station - Total area 3350 sf on lot size 33 ftx122 ft, 2 storey - 1150 sf hse in 2 storeys house features with - 3 storeys above ground 2060 sf house 3 bedrms up, kitchen, 3 bathrms, H/W floor, with basement plus LWH plus lane way house - 8 bdrms, 6 baths, kitchen, living rm, din rm open parking - Granite countertop, maple wood cabinets - 5 bedrooms included 2 suites at - On a quiet street between Kingsway & 41st, mins - Radiant heat, HRV and security system basement, radiant heat, HRV, alarm walk to public transit, park, shopping & school - Buyer to provide own plan & colour choice are welcome system and more Vancouver East, Collingwood

Vancouver East, Collingwood Front Duplex, Under Construction 5490 Dundee St.

NEW LISTING

5492 Dundee Street

NEW LISTING

$1,225,000

- 1878 sf, 2 storeys with basement duplex - 3 bedrooms up, kitchen, 3.5 bathrooms, hardwood floor, open parking - On a quiet street between Kingsway and 41st street - Close to park, school, shopping and public transit

2359 E. 41 Ave., Vancouver

$1,255,000

$1,115,000

- Spacious 2-storey, 2180 sf, back duplex - The unit features 5 bdrms & 3.5 baths - Kitchens, living room, family room - Granite counter tops, hardwood floor, HRV system, radiant heat

SIMON COUTTS

2012 2012 www.simoncoutts.com

Vancouver East, Collingwood

1/2 Back Duplex - 2 Storeys w/bsmt, under construction Side by Side Duplex, 2 storey w/bsmt under construction

- A south facing S x S 1/2 duplex, 3-storey, spacious 1975 sf with finest build - 5 bdrms, living room, famroom & kitchens - Granite countertop, hardwood floor, maple wood kitchen cabinets - Radiant heat & HRV system, high efficiency heating system, garage

MACDONALD REALTY LTD 1575 MARINE DRIVE, WEST VANCOUVER

PERSONAL REAL ESTATE CORPORATION

PERSONAL REAL ESTATE CORPORATION

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OPEN SAT/SUN 2-4

Heritage Style Home Mount Pleasant is not only one of Vancouver’s most historic neighbourhoods, it is also one of the hottest. Vantage Cityhomes is a heritage style collection of private row-homes close to all that SOMA has to offer - shops, cafes, restaurants, etc. From patio, you can see the city lights, the North Shore mountains, & far beyond. This stunning 2 level, 2 bed, 2 bath townhome offers an open concept kitchen w/ granite countertops, s/s appliances, ample cupboard space & breakfast bar. Clean lines, vaulted ceilings, & beautiful flooring add to the sense of space & light in this 1,054 sqft quality built home. W/ secured parking & storage, this well managed boutique complex offers so very much. Open house Thu Jan 28, 7-9pm - food and drinks will be served.

2276 ST. GEORGE STREET Simon Coutts Personal Real Estate Corporation

simon@simoncoutts.com

$875,000 604.202.9922


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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY JA N UA RY 2 8, 2 0 1 6

LAN 3447 WILLIAMS ST.

$1,399,000

ABOVE THE CROWD! 20 Years experience combined

JIN BAGRY 604-644-0495

SAM BAGRY 604-761-1664 CALL US FOR A FREE HOME EVALUATION

www.vancouver-homes-on-sale.com

Top 1% of all Realtors for 2014/2015 with over 200 Homes sold in 2 years! NEW LISTING

$838,000 each

OPEN SUN 2-4 PM

NEW LISTING

$999,000 EACH

NEW LISTING

OPEN SUN 2-4 PM

• Built 2015, 2 Storeys, 1,164 s.f each • Open concept layout, 2, 5, 10 year warranty • Top quality built front and back duplexes. • Each has 3 bedrooms, 3 baths, 1 car garage • Central location, minutes to downtown • Granite counters, crown mouldings

NEW LISTING

$1,288,000

LOT 4,819 S.F.

1468 EAST 21th AVE & 3807 LANARK ST. • 2 levels with 3 bedroom & 2 1/2 bathrooms • Central Cedar Cottage neighbourhood • Charles Dickens Elem. & Charles Tupper Sec. catchment • Stainless steel appliances, granite countertops • Views of the North Shore mountains

NEW LISTING

$1,998,000

5882 BERKELEY ST. • 2 level fully renovated home • 2 bedrooms, 1 bathroom • New hot water tank & furnace • Potential secondary suite • Walking to transit, school & park

$1,349,000

• • • • • • •

1626 E. 51st AVE.

Quality built 3 level S x S duplex 1 bdrm suite in basement with separate entrance Open concept kitchen and iving room 3rd level: 2 bdrms & 1 bath Huge wrap around sundeck air cond. & radiant heat 2-5-10 warranty

NEW LISTING

• Best location! 26 years old • Solid 5 bdrm, 4 bath 1850 sf house • 2 levels with 2 suites down • Laneway home potential • Complete renovation. Must SEE!

$1,998,000

NEW LISTING

$838,000 each

SOLD 2 LOTS - 33.5 X115 each

LOT 27.5X122

679 & 677 EAST 59th AVE.

NEW LISTING

$838,000 each

1178 / 1180 EAST 12th AVE. • Built 2015, 2 Storeys, 1,164 s.f each • Open concept layout, 2, 5, 10 year warranty • Top quality built front and back duplexes. • Each has 3 bedrooms, 3 baths, 1 car garage • Central location, minutes to downtown • Granite counters, crown mouldings

NEW LISTING

$2,248,000

COMING SOON

SOLD LOT 4,131 S.F.

NEW LISTING

SOLD

LOT 4,026 S.F. 1160 /1170 / 1188 EAST 12th AVE.

$1,088,000 EACH

CUSTOM BUILT HOUSE

BUILD TO SUIT LOT 97X66

1325 EAST 41st AVE. • Double lot with 2 PIDs • Plans for 2 homes submitted to city • Close to park, shopping & transit • No sign, please drive by • House is rented right now

LOT 33X117.5

6195 BEATRICE ST. • Prime location. Level corner lot • 7 bedrooms, 4 bathrooms • Custom built 2,800 sqft house • 3 level home • Laneway house

LOT 33X115

2016 EAST 12th AVE. • Top quality built, 2015, 1/2 duplexes • 2 storeys, 1150 sf each, 3 bdrms • 2, 5, 10 year warranty, 2 1/2 baths • Lots of granite & crown mouldings

2018 EAST 12th AVE. SOLD

LOT 66X101

4937 BELLEVILLE AVE. • A very well built house • Top of line appliances • 2 master bdrms, jacuzzi & steam tub • 2 car garage & electric gate in back • Too much to tell

New Listings Direct to Your Inbox

GET YOUR FREE PROPERTY ALERTS


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7• R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY JA N UA RY 2 8, 2 0 1 6


VANCOUVER EASTSIDE

THURSDAY, JANUARY 28, 2016

Looking for a new home? Start here.

R E A L

E S T A T E

W E E K L Y

Condo-apartment building permit values

more than double in Vancouver: StatCan BC leads country in growth in building permit values in November, as Vancouver’s total $544 million

V

ancouver home building permits issued in November 2015 were valued at a total of $543.9million, a rise of 59.7 per cent compared with the previous November, according to Statistics Canada data released January 8. This rise was led by a surge in condo-apartment building permits, which rose 105.3 per cent year over year to $356.6 million. Vancouver’s total dollar value in November was also a 7.7 per cent increase compared with October 2015’s figure of $505 million, although does not compare to July’s peak of $775.2 million. Single-family homes accounted for nearly $131 million of November’s permit value in Vancouver, and $51.6 million was invested in townhomes. Residential permits across BC were up 41.9 per cent year over year to total $717.2 million in value, which was a decline of 3.1 per cent compared with October. However, BC was the only province to see a month-over-month increase in condo-apartment building permit values in November, rising 13.6 per cent. In other provincial centres surveyed, AbbotsfordMission’s construction growth remained extremely strong, rising 107.1 per cent over last November to $13.4 million. This was 23.2 per cent drop compared with October’s even stronger figures.

The value of November’s building permits in Kelowna fell to total $23.4 million, a drop of 27.6 per cent year over year and a decline of 47.5 per cent compared with October 2015. Victoria saw November building permit values recover somewhat, rising 17.7 per cent year over year to $30.7 million, which was also a very slight rise of 0.1 per cent compared with October’s figures. Across Canada, the total value of residential permits was $3.27 billion, a 32 per cent decline over the month before and a drop of 10.9 per cent year over year, undoing the recovery seen in October. The decrease was led by significant drops in the resource-based provinces of Manitoba, Alberta and Saskatchewan.

BC was the only province to see a month-over-month increase in condoapartment building permit values in November, rising 13.6 per cent

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