THURSDAY, JULY 28, 2016
VANCOUVER EASTSIDE
info@rew.ca • 604-435-7977
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R E A L E S TAT E W E E K LY
Décor Ideas for Summer Entertaining N
othing says party time better than a beautifully decorated home. Summertime is the season when we tend to entertain a little more because we can take the festivities outside as well. If you live in a condominium, having an outdoor deck or patio is especially important during larger gatherings. West Coast Condominium went to awardwinning interior designer Jamie Banfield, principal of Jamie Banfield Design, for some decorating tips that will make your condo a showstopper for your next social. “The first piece of advice I give clients is think ahead and then shop first in your own home,” says Banfield. “In the industry, we call that redesign wear… find new uses for what you already own.” Start by recycling your holiday decorations. The seasoned designer will often raid his clients’ Christmas boxes to uncover items such as lantern holders, candles, or strings of lights that, with a little DIY elbow grease, can become distinctive summertime décor items. “You can take those Christmas lights, preferably not the traditional ones but the clear or white bulbs, and wrap them around your deck railing. In your home, use them on shelving or your indoor tree for some ambience,” he adds. “I also love decorative tape (also called frog tape). It is available in so many colours and styles
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and you can do just about anything with it, from decorating vases to creating fun patterns on tables and chairs.” Nothing jazzes up your space more than layers. Banfield, a condo dweller himself, once took a plain outdoor carpet and spray painted bold geometric patterns it – creating a super one-of-a-kind rug. “I know it sounds cliché but to save money and still create that wow factor you have to think outside the box,” he says.
Rethink What You Already Have If you have dated accent pillows or cushions, dust them off and recover them with indoor/ outdoor fabric. “There are great water and stain repellant fabrics that look amazing,” Banfield says. “Today, they come in fabulous geometric shapes, bold colours and trendy prints with added details such as bicycles, fish, or the ever-popular beachy tones and motifs. Don’t be afraid to mix and match colour… black and white cushions complement bold, colourful ones really well.” If you have a small patio or deck with no real room for a table year-round, take your tufted ottoman outdoors; it can double as a table for your next party. “Place your vase of favourite flowers and a few candles on it and it will look great,” advises our expert.
Vancouver Policy Changes to Impact New Housing Developments
Flower Pots, Mason Jars, and Small Buckets Make Great Accessories If you are looking for ways to add a punch of colour to your summer décor, grab some of your pots or planters (or buy inexpensive plain ones). Then, take some barbecue sprays (available in lots of different colours at home hardware stores) or chalkboard spray paint and create your own unique pots. Banfield loves storage stools, benches and tables that fold up and can be brought out for your next gathering. Buy some metal pots or little buckets and hang them on your railing. You can use hooks that you hang pots and pans from in your kitchen. Then, fill them with your napkins or salt and pepper shakers. Yet another can house utensils and one can be filled with fresh mint so your guests can pick their own mint for their cocktail. Take your mason jars and fill them with sand and candles for an easy, ornamental touch. Living on the west coast, it is easy to find driftwood on a beach or downed branches on your next walk. “Take those pieces of wood, nail them together and you can have a cool rustic serving tray,” Banfield says. At his own wedding, Banfield says there
What The Unchanged Bank of Canada Rate Means for Your Mortgage
were many children. He found a threesided, six-foot-tall cardboard lemonade stand at Ikea for about $20 and, funked it up. “It looked like an old school stand and we added pockets and filled them with straws, cups and fab napkins so the kids could have their own cool bar during the cocktail hour.”
Glam Up Your Space with Mood Lighting To set the mood at a soirée, Banfield loves lanterns in all different shapes and sizes. “You can cluster them around or if you have an overhang or a post on your deck, hang them up,” he says. “Or you can string them across your table. Use LED lights or candles.” Faux shrubs are really hot today. “They look real and are great left out on your patio all year round,” he says, adding that festooning them with a set of Edison light bulbs makes them even showier. Not only do the lit shrubs provide height but, when it’s dark and your guests are sitting around, it can really set the tone. Lastly, Banfield says have some outdoor blankets (preferably made with natural fibers) to keep your guests warm on a cool evening.
Leaked CRA Document Shows New Real Estate Audits Coming to BC
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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U LY 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
604.263.2823
bobbracken.com bob@bobbracken.com
Real Estate Investment Think Bob Bracken
CITY HALL MULTIFAMILY BLDG ON BIG LOT KITSILANO NORTH OF 4TH MULTIFAMILY BLDG COMMERCIAL DR STRATA DUPLEX W 4 UNITS
4+ UNITS!
FIRST CLASS!
NEW
6+ UNITS!
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225 WEST 15TH AVE
3536 WEST 1ST AVE
2670 - 2680 WOODLAND DRIVE
• 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 $113,800/yr, Great Tenants and Suite Mix, 6+ Units • Investors, Owner-Occupiers, Developers Asking $3,339,000
• 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
MOUNT PLEASANT LEGAL TRIPLEX
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REAL ESTATE WITH CASH FLOW
NEW
LEGAL TRIPLEX!
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628 EAST 12TH AVE
2540 ST CATHERINES STREET
• 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
• Great Prime Mount Pleasant 3 Suit House, 2143 SF • 1X4 Bdrm, 2 Level; 1X2 Bdrm, 1X Bachelor Suites • Gr Inc $49,440/yr with Upside, Tenants pay Utilities • Investors, Owner-Occupiers Asking $1,199,000
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
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www.
OUTSTANDING AGENT
604-275-9787 patsy@patsyhui.com WESTCOAST
GARRY DARRED
... OUTSTANDING RESULTS
102 Sales so far in 2016!
Royal Pacific Realty
604.729.7049
RECIPIENT OF RE/MAX LUMINARY OF DISTINCTION AWARD
$1,899,000
6-BDRM 2-LEVEL HOME
“Nice Family Home”
6688 CULLODEN STREET
1825 Skeena 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!
Very affordable and practical home on a 33x124 corner lot at a give away price $1,250,000. 3 bedroom’s up and 3 bedrooms suite down. Real hardwood floors up stairs. Easy access to highway no.1 and close to other transportation routes. This home will make a nice family home or an excellent investment for your future gains.
Jas Heir
604.786.9425 Jheir@sutton.com
westcoast realty
OPEN HOUSE JULY 30 & JULY 31, 2-4 PM 258 East 55th Avenue, Vancouver | List Price $2,688,000 Custom LUXURY BUILT 3 LEVEL HOME with 1 bdrm Laneway in East Vancouver, Property has 2 bdrm Legal basement suite, and 1 bedroom unauthorized accommodation. Main Level has 10ft ceilings w/built in ceiling speakers in Family room, Modern lighting, central Air-Con & HRV, radiant heating, sec surv. A Chef’s kitchen with Bosch s/s appliances plus a Wok kitchen. Top floor has 4 bedrooms and 3 baths. Master with Vaulted Ceiling, private balcony and Steam Shower. Central location, close to schools (incl. Langara College), Sunset Community Center, transit, downtown, Oakridge and Richmond. OPEN HOUSE on July 30, 2016 (2-4pm) & July 31st (2-4 pm). A must see!
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U LY 2 8, 2 0 1 6
“Your East Vancouver Real Estate Experts!” 107-925 W. 15TH AVE.
$484,900
Lisa MacIntosh
3•
Diane Kunic-Grandjean
VERY UNIQUE 1 BEDROOM CORNER UNIT OF 702 SQ.FT. W/ FANTASTIC & PRIVATE OUTDOOR SPACE! 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 wood-burning 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? In-suite laundry, 1 parking, 1 cat or 1 dog (max 40lbs). All balconies done & depreciation report available. A delight to show!
1925 CRAFTSMAN BEAUTY IN THE HEART OF KITSILANO – 4 BED, 2.5 BATH W/LEGAL SUITE 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.
HASTINGS SUNRISE RENOVATED SOUTH FACING 1 BEDROOM IN A GREAT BUILDING! 229-2033 TRIUMPH ST.
$319,900
Beautifully renovated 1 bdrm suite in the heart of Hastings Sunrise. This South facing unit is light & bright with a sundrenched South facing balcony. Updated Ikea kitchen and bathroom, laminate floor throughout. Large in-suite storage. Additional storage locker with secured parking. Very well maintained building – fully re-plumbed in 2012, new roof in 2006, healthy contingency fund & depreciation report. Rentals & pets (one dog or cat) allowed. Fabulous location - just down the street to Parallel 49 microbrewery, Red Wagon Restaurant, Donaldʼs Market, only 10 minutes to downtown & short stroll to The Drive.
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!
HASTINGS SUNRISE UNIQUE 1914 CRAFTSMAN BUNGALOW IN SUPERB CONDITION 2733 FRANKLIN ST.
$1,699,000
What a beauty! Welcome to this 1914 Craftsman Bungalow Heritage "B" lovingly & patiently restored to its current glory! The large foyer gives the tone w/its beautiful wainscoting, 9'4" ceiling height & hwd flooring. Cozy up by the fireplace in your comfortable lvg rm drenched by natural light, host your loved ones in the adjacent large dng room while marvelling at the Tudor ceiling & superb built-in dresser. The 3 sizeable bed & charming 1,5 bath w/claw foot tub will house your family for a very long time. Airy modern kitchen & eat-in area from which to access a lush fenced backyard & detached garage. The bsmt offers 2 bed suite & a large separate area which could be a rec/family room for you. A unique gem in beloved Hastings Sunrise!
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 13 Year Member of MLS Medallion Club $1,195,000
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale 2825 E. 43RD AVE. $2,380,000
SOLD QUIET, NON-THRU STREET! KENSINGTON PLACE! This 1911 family-owned home is functional, but needs updating. 2 BR's & 2 Baths on Main. Outside access to unfinished Bsmt. 33' x 100' view lot w/back lane access. Build up to 2310 sq.ft. Steps to Grays Park; 33rd or Fraser buses. 5009 Somerville Street, Van.
www.normflockhart.com
OPEN SUN 2-4PM
★ Prime Killarney Area. RS-1 Lot. MLS R2048113 Mateen Qureshi 604-488-9874
5168 RUBY ST
Taking our Listings Global
★
$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
$599,000
★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
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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U LY 2 8, 2 0 1 6
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. Custom build your dream house.
Diamond Master Medallion
BALDEV SANDHU 604-880-9571
ROYAL PACIFIC
www.BaldevSSandhu.com DaveSandhu@royalpacific.com
R E A LT Y
MASTER
JULIANA HO 778-869-9688 www.JulianaHo.com Juliiho@gmail.com
Vancouver East, Collingwood
Vancouver East, Collingwood
Vancouver East, Victoria
Side by Side Duplex, BRAND NEW 2 storey with basement
SxS Duplex BRAND NEW 2 storey with basement
Presale, Build to Suit - 3 storeys plus LWH
2359 & 2355 East 41 Avenue
5508 Dundee Street and 5502 Dundee Street
$1,228,000 - A south facing S x S 1/2 duplex, 3-storey, spacious 1975 sf with finest built - 5 bdrms, living room, family room & kitchens
OPEN HOUSE SUNDAY 2-4 PM
- Granite countertop, hardwood floor, maple wood kitchen cabinets - Radiant heat & HRV system, high efficiency heating system, garage
- A quality built 2000 sf duplex under construction - 3 bedrooms above, living room, dinning room, kitchen, OPEN HOUSE 2 bedroom suite in basement SAT & SUN 2-4 PM - 3.5 bathrooms, granite countertop, maple wood cabinets, hardwood floor, HRV system, inter-telecom 5508 5502 $1,215,000 $1,250,000 Single garage
NEW LISTING
2073 East 27th Avenue $2,250,000 - A fabulous South facing in Victoria
NEW LISTING
area - Total area 3250 sf on lot size 33 x 118.50 - 2 storey with basement plus LWH - Granite counter top, maple wood cabinets - Radiant heat, HRV and security system - Buyer to provide own plan & choice are welcome
Vancouver East, Grandview
Vancouver East, Collingwood
Vancouver East, Collingwood
Front & Back 1/2 Duplex
Duplex lot for sale
Single family in 2 storeys
2118 Graveley Street
5651 Earles St Vancouver
NEW LISTING
$1,310,000 A brand new ½ duplex, is almost
NEW LISTING
finished at a desirable area of Grandview neighbourhood. This 2-storey, 1206 sf unit with detail finishing and mordern design; living area, dining area, kitchen, 3 bedrooms at above, 2.5 bathroom, granite counter top, single garage.
Susan Ninow
$3,200,000 Builder or investor alert! A duplex lot, RT11 zoning, lot size 60 x 117 ft, ready to build 4 duplex each 1500 sf, building plan already submit to the City for approval. Existing is an very beautiful 10 years new house. Good to keep and build later. Don’t miss!
5512 Dundee Street NEW LISTING
$930,000
- First time buyer alert! strata fee
- A single family infill in 2 storeys, - 1330 sf living area features 3 bedrooms, 2.5 bathroom, kitchen, living room
OPEN HOUSE SAT & SUN 2-4 PM
- Open parking - Don’t miss!
604-909-0111 www.SusanNinow.com
Personal Real Estate Corporation
Susan@SusanNinow.com TOP 10 OF ROYAL LEPAGE NATIONAL NETWORK OF REALTORS
NEW LISTING
NEW LISTING
Modern Vancouver Special! 4775 Victoria Drive $1,498,000 Kensington-Cedar Cottage ONE-OWNER family home! Featuring exceptional living space with over 2350 SF of comfort on 2 levels! Fabulous space for your extended family with 5 Bedrooms, 4 Bathrooms. Great Potential for 2 mortgage helpers! Boasting toasty radiant heated floors & 9 Foot high ceilings. Bonus-DOUBLE HEIGHT Attached Garage for all the Car Guys! Ready for you to move in! Just steps to shopping and Vancouver’s 2nd Chinatown in this new up & coming Victoria Drive Neighbourhood! Steps to transit, restaurants, groceries and banks! Be anywhere in 10-15 min! View www.SusanNinow.com/402. Call Susan for your private viewing!
Westside 604-263-8800 201-2107 West 40th Ave.
MASTER 6 Years
Renovated Vancouver Special! 549 East 56th Ave $1,498,000 Centrally located between Main and Fraser, in the emerging S. Vancouver neighbourhood. Stroll to the Fraser St Village to the green grocer and restaurants! Walk to Sunset Community Centre & Sunset Park! Featuring 2104 SF, 5 Bedrooms, 4 bathrooms! The 2 levels have been renovated with granite kitchen tops, cabinets, floors. Perched high on the street, with a wonderful VIEW of South Vancouver and Richmond! Ideal 2 bedroom suite can be used for the in-laws or extended family! Enjoy the large 208 SF Deck! Bonus-Attached 2 car 506 SF Garage! just an quick drive to Langara, West Side, downtown, UBC, YVR & Richmond. View www.SusanNinow.com/404. Call Susan for your private viewing!
“Results through Experience and Integrity”
BEN Ochitwa
778-240-2325
DON Ochitwa
604-504-3000
OPEN HOUSE SATURDAY, SUNDAY & MONDAY 2-4 PM 36498 CARDIFF PLACE | $968,000
No
One of a Kind. Executive custom designed home, built by Eagle Mtn preferred builder Hanava Homes, featuring quality and the latest in building technology. This home features 2x6 construction with steel girders and all interior walls insulated for maximum sound suppression. Attention has been given to every detail of the home, hardwood floors, granite counters, tile entry, heat pump, wine room, shed, remote fans, surround sound, spacious bdrms, up to 6 bdrms possible, reinforced foundation walls, water proof membrane, R20 insulations on a huge private lot with a 25x12 patio and deck and the home is situated in a quiet, rural setting with complete privacy in a cul de sac.
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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U LY 2 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
Welcome Home
Only available until September 30**
Your essential guide to condo life in the Lower Mainland *Some conditions apply. The Annual Percentage Rate (APR) is for a mortgage of $100,000 with monthly payments and a 25-year amortization, assuming no fees apply. If fees and/or charges apply, the total Cost of Credit and APR would increase. This promotion is subject to member(s) being approved by Prospera Credit Union’s lending guidelines. Limited time offer. **Mortgage must be approved by September 30, 2016 to qualify. Offer and rate may be changed, extended, or withdrawn at any time without notice. Available O.A.C.†Prospera will reimburse up to a maximum of $1,000 the discharge fee charged by the member’s current financial institution and/or any new legal and appraisal fees. For full details on the myStyle mortgage and Prospera Perks, please visit www.prospera.ca, talk to us at a branch or call 1.888.440.4480.
Neighbourhoods | Stats | Buying | Décor | Investment Advice And the hottest new developments www.westcoastcondominium.ca
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% 65 ! LD SO
Artist’s Rendering - Mahogany Plan B-2
VANCOUVER LUXURY. ABBOTSFORD PRICES. FROM THE HIGH $200’S 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.
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VANCOUVER EASTSIDE
THURSDAY, JULY 28, 2016
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BC NEW HOME CONSTRUCTION INVESTMENT UP Led By Condo Surge: StatCan
N
ew housing construction investment in BC was up 31.9 per cent year over year, Statistics Canada reported July 21, led by a leap of 53 per cent for apartment-condo buildings. Apartment-condos overtook detached homes as the housing type with the most investment in the province in May, up 4.3 per cent from April of this year to $419 million. May’s total new housing construction investment in BC of $937 million was just shy of April’s record-breaking $945 million, but still well above the previous record of $874 million from October 2015. The 0.9 per cent monthly dip was primarily caused by a 7.3 per cent decrease in single-family home construction from April’s high of $430 million to $399 million in May, although investment in this home type was still up 17.4 per cent year over year. Townhouse and row house construction was up 35.5 per cent year over year to $90 million, a 5.1 per cent increase from April. Year-over-year duplex investment dropped again, down 6.3 per cent to $27.8 million, although this was up 3.8 per cent month over month. BC’s new housing construction investment was second only to that of Ontario, which spent $1.7 billion in May. However, the year-over-year percentage increase was larger for BC, with Ontario seeing 24.3 per cent growth.
31.9%,
In contrast to the strong yearly gains in BC and Ontario, investment in new housing construction fell in more than half of Canada’s provinces and territories: Newfoundland and Labrador, Nova Scotia, Quebec, Manitoba, Saskatchewan, Alberta and Nunavut all saw year-over-year declines. Alberta’s 31.4 per cent drop was its 11th consecutive year-overyear decline. The gains in Ontario and BC pushed national new housing construction up five per cent year over year to $4.2 billion in May, although this was a dip of 2.3 per cent from April. Most of the yearly gain came from higher investment in apartment-condominium construction, which rose 17.2 per cent year over year to $1.5 billion nationwide. Row house construction also increased nationally, rising 13.4 per cent to $454 million. Like the previous month, yearover-year investment in duplexes was down nationally, dropping 10.7 per cent to $206 million. Investment in single-family homes was also down year over year for the first time since February, dipping 2.6 per cent to $2 billion for the country as a whole.
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