THURSDAY, JUNE 16, 2016
VANCOUVER EASTSIDE
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Greater Vancouver Home Prices Up 30% in a Year: Board G reater Vancouver’s home sales in May were up 17.6 per cent compared with the same month last year, although slightly down compared with March and April, the Real Estate Board of Greater Vancouver (REBGV) reported June 2. May’s residential real estate sales totalled 4,769, a rise of 17.3 per cent year over year, but 0.3 per cent lower than April when 4,781 units were sold across the region. That April figure was a drop of 7.6 cent compared with March 2016, when an all-time high of 5,173 homes were sold in Greater Vancouver. Broken down by property type, 1,865 single-family homes exchanged hands in May, which is a rise of 8.2 per cent from the 1,723 sales recorded in April 2015, but a 5.8 per cent drop compared with April’s 1,979 detached house sales. Unlike in April, townhouse and other
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attached home transactions also increased year over year in May, totalling 754 sales. This was a lift of 2.9 per cent over the 733 units in May 2015, and a jump of 9.9 per cent compared with April’s 695 townhome sales. Condo-apartment unit sales continued to see blistering annual increases, as 2,150 units exchanged hands in May 2016, a leap of 34.4 per cent compared with the 1,600 sales in May 2015. This was also a two per cent increase over April 2016’s figure or 2,107 sales. Property inventory expanded somewhat in May, with new listings for all home types in Metro Vancouver up 11.5 per cent to 6,289, compared with the 5,641 properties listed in May 2015. This was a rise of 2.6 per cent compared with the 6,127 new listings in April 2016. The improvement meant that total active listings as of the end of May were 7,726,
Vancouver Housing Market “Vulnerable” to a “Downturn”: Bank of Canada
up 2.3 per cent compared with April’s active listings, although the figure was still down 37.3 per cent year over year. “Home sellers are becoming more active in recent months, although that activity is being outpaced by home buyer demand today,” said Dan Morrison, REBGV president.
Benchmark Prices The combined residential property type benchmark price in Metro Vancouver raised the bar again in May, at $889,100 – a year-over-year rise of 29.7 per cent. The region’s typical detached home is now priced at $1,513,800, a hike of 36.9 per cent compared with the same month last year, and yet again the sharpest price rise of all the home types. This was a rise of nearly 8 per cent since just the previous month. Again, these figures mask wide variation between areas, with Vancouver
Opinion: Proposal to Raise Minimum Down Payment is Nonsensical
West’s family homes selling for a typical $3.4 million, and prices going down to a typical $445,000 on the Sunshine Coast. Townhome or other attached unit benchmark prices in Greater Vancouver increased 24.9 per cent over May 2015 to $632,400, up 3.9 per cent compared with April. Condo-apartment benchmark prices rose 22.3 per cent from May 2015 to $485,000. This property type increased in price by 2.1 per cent compared with April. West Vancouver posted the highest condo prices in May at $851,800, with condos in Maple Ridge typically going for $187,100. 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 in the REBGV full May 2016 statistics package at www.rebgv.org
More Buyers Turning to Social Media for Mortgage Information: Survey
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www.Raj-Gupta.com OPEN HOUSES 2-4 PM SAT. JUNE 18TH & SUN. JUNE 19TH 185 WEST 12TH AVE., VAN. ...$1,488,000 187 WEST 12TH AVE., VAN. ...$1,488,000 * NEW 1/3 TRIPLEX * 1430 SQFT BRIGHT UNIT * 3 BDRMS - 4 BATHS * 3 LEVELS - CHARACTERS * LOADED FEATURES * CAMBIE VILLAGE!! 346 WOOD STREET, NEW WEST... $1,278,000 * MEGA HOME, 7 BDRMS, 5 BATHS, 3 KITCHENS * QUEENSBOROUGH AREA - 21 years * 3200 SQFT FLOOR AREA - 60'X106' LOT
604-439-0068
12451 113 AVE., SURREY....NEWER HOME * LUXURY HOME, 7 BDRMS, 6 BATHS * 4100 SQFT FLOOR AREA, 60'X120' LOT * LOADED FEATURES, HIGH QUALITY WORK!!
12570 113 AVE., SURREY....RANCHER HOME * 3 BDRMS & 2 BATHROOMS.... 66'X122' LOT * BRIDGEVIEW AREA .... ASKING $469K
12686 114A AVE., SURREY.....$399,000 * BUILDING LOT TO SELL, 50' X 100' LOT * BEST HOT DEAL ....WOULD NOT LAST !!
*** SOLDS & SOLDS *** * 4691 KNIGHT STREET - VANCOUVER * 4868 OXFORD STREET - BURNABY * 9902 128 STREET - SURREY
0-2(% *32+ /)22= Come out and support our Dexter REALTORSÂŽ taking part in the Ride To Conquer Cancer in August as we raise funds for cancer research in B.C. Proceeds from funds raised will be split amongst our team. Contact Kevin Skipworth for tickets. Contact Kevin Skipworth on how you can donate kevin@kevinskipworth.ca
$ 1,688,000
)%78 8, %:) Invest Now! Ideal holding property in a quiet, family oriented Victoria neighbourhood. RT-11 zoned lvl 33x130.4 dplx lot with mountain views and back lane. Back extension to house in 1980 with permits, newer roof (2015). Live in, rent or build! Call for more information.
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33 x 1 30.4 RT-11 Zoned
$ 1,638,000
)%78 8, %:) Extended Families or Investors! Legal, non-conforming
2-family home, over 3100 sq.ft., with unauthorized accommodation (3 suites total) all above ground level. Located on a 40.9x110 lot in a quiet neighorhood close to shopping, Sky Train and schools. Renovated 2011, views from top oor, spacious back and side yards. Must see to appreciate!
Open ay Saturd m p 2-4
DEXTER ASSOCIATES REALTY
linda@LFKhomes.com
www.LFKhomes.com
NEW LISTIN G
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“Your East Vancouver Real Estate Experts!” NEW LISTING
$1,149,900
Lisa MacIntosh
Diane Kunic-Grandjean
TROUT LAKE & THE DRIVE – FANTASTIC FRONT ½ DUPLEX - 3 BED & 2.5 BATH! 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!
1656 East 13th Avenue
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.
KITSILANO NORTH OF 4TH – ½ DUPLEX SOUTH EAST CORNER LOT – 3 BED, 2.5 BATH 3203 W.3rd Ave.
$1,898,900
Located on the North of 4th, this very spacious front 1771 square foot ½ duplex sits on the South-East corner, offering 3 generous beds, 2.5 baths on 3 levels & is one not to be missed! Relax in the top floor secluded master bed w/ lounge area & large en-suite bathed by natural sunlight coming from numerous skylights & South facing windows. The 2nd floor has 2 more sizeable bedrooms, and a large en-suite. The main floor houses your kitchen w/ eat-in area, a large foyer w/ powder room and an open concept dining-living room opening onto your South facing ample private patio. Beautiful h/w floor in most rooms, closet/storage galore throughout & 1 car detached garage. Bring your house furniture, they will fit! This is Kitsilano living….
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.
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
DEXTER ASSOCIATES REALTY
www.dexterrealty.com
SKIPSHOMES.COM CATHIECLINE.COM
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale 2825 E. 43RD AVE. $2,380,000
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
604-263-1144 110-2390 McGill St
$320,000
2652 FRANKLIN ST.
$1,398,000
HASTINGS SUNRISE HOME Large 1 Bed & Den! Come find this 780 sq ft 1 Bed and Den with large rooms, ground floor corner apartment with wood burning fireplace. So close to downtown, next to McGill Park and affordable! 1 parking stall and storage locker.
This 1927 character home is ready for you! Inside, find upgraded plumbing and wiring, new 200AMP service to the house with 100AMP service to the garage, a renovated bathroom with cast iron claw foot tub and tile surround. Downstairs is ready to be finished into a suite or living space for you to enjoy. A large garage out back with upgraded electrical service could be a shop, parking/ storage & studio. And the South facing back yard is a gardenerʼs delight with apple, peach, Green Gage plum and Yuzu citrus trees. 2652 FRANKLIN ST.
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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. Custom build your dream house.
Diamond Master Medallion
BALDEV SANDHU 604-880-9571
JULIANA HO 778-869-9688
ROYAL PACIFIC
www.BaldevSSandhu.com DaveSandhu@royalpacific.com
www.JulianaHo.com Juliiho@gmail.com
R E A LT Y
Vancouver East, Grandview
Vancouver East, Collingwood
Brand New Duplex, back unit
10 Duplex ready to build 2717, 2711 Horley Street
1785 E. 15th Avenue NEW LISTING $1,198,000 A brand new duplex, back unit is NEW LISTING just 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, OPEN HOUSE SUNDAY 2-4 PM granite counter top, single garage.
$4,800,000
POTENTIAL LOT TO BUILD 10 DUPLEX
Vancouver East, Collingwood $1,228,000
Vancouver East, Victoria Presale, Build to Suit - 3 storeys plus LWH
2073 East 27th Avenue
NEW LISTING
Both lots together 8268 sf with 1.2 FSR. Building permit is almost ready to pick up from City Hall. Owner pay expenses up to Development Permit stage. For more information, please call Baldev Sandhu at 604-880-9571
- A fabulous South facing in Victoria 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, Collingwood
Vancouver East, Collingwood
Duplex lot for sale 5651 Earles St Vancouver
Single family in 2 storeys
SxS Duplex, 2-storey with basement under construction 5508 Dundee Street and 5502 Dundee Street
NEW LISTING
5512 Dundee Street
$3,200,000
NEW LISTING
$950,000
NEW LISTING
$950,000
- A south facing S x S 1/2 duplex, 3-storey, spacious 1975 sf with finest built - 5 bdrms, living room, family room & kitchens - Granite countertop, hardwood floor, maple wood kitchen cabinets
OPEN HOUSE SUNDAY 2-4 PM
$2,250,000
Vancouver East, Collingwood
Side by Side Duplex, 2 storey w/bsmt under construction
2359 East 41 Avenue
MASTER
- Radiant heat & HRV system, high efficiency heating system, garage
5508 - $1,263,000 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!
- Fist time buyer alert! No strata fee - a single family infill in 2 storeys, - 1330 sf living area features 3 bedrooms, 2.5 bathroom, kitchen, living room - Open parking. - Don’t miss!
5502 - $1,299,000
- A quality built 2000 sf duplex under construction - 3 bedrooms above, living room, dinning room, kitchen, 2 bedroom suite in basement - 3.5 bathrooms, granite countertop, maple wood cabinets, hardwood floor, HRV system, inter-telecom - Single garage
Patricia Lok
604.839.3871
patricia@patricialok.com
New Listing
Select Proper es Independently Owned and Operated
$1,950,000 2068 East 2nd Ave. Open Saturday 2-4 pm Beautifully, completely renovated character home. Lovely family home with 3 bedrooms, 2 bathrooms up, family room and 2 mortgage helpers down. 33x122 southern lot with 2 car garage. Walking distance transit, schools and Commercial Drive shops, cafes, and restaurants. A rare find in this sought after neighbourhood for a move in ready home!
SOLD
2711 Ward Street, Vancouver East | $1,498,000 OPEN HOUSE: JUNE 1 18TH & 19TH 2:30-4:30 PM
NEW LISTING
2731 Duke Street, Vancouver East | $1,399,000 Nicely renovated Charming home with modern open concept layout, Main has 2 bedrooms and den, laminate floors all thru out, renov. kitchen with modern cabinet and solid surface counter top and SS appliances, 3 br mortgage helper basement with renovated kitchen and bathroom. Double glaze windows all thru out, huge covered solarium. Walk to Norquay Elem Sch (Mandarin Immersion), eligible daycare at Collingwood neighborhood house, min to skytrain station & Slocan Park. Access to all the restaurants and shops in Kingsway. Bonus is RM7 Zoning which has lots of potentials in the future. Live, rent or hold, build a duplex or join with neighbors for townhouse development lots of possibilities.
Fairview $1,078,000 Kitsilano $629,000 954 West 7th Ave #202-2468 Bayswater Fabulous Kitsilano location at the Bayswater built by Mosaic Homes. Stylish 681 sq.ft. 1 bedroom that is beautifully finished. Large 140 sq.ft. balcony, perfect for entertaining. By appointment.
NEW LISTING
1349 E. 24th Ave., Van. | $1,399,000
Open Sunday 2-4 PM
Enjoy False Creek, city and mountain VIEWS from your spacious balcony and family room. 3 level 1243 sf 2 bedroom/2 bath and family room in sought after Fairview slopes location. Steps to Charleson Park, seawall, transit.
RM7 Zone in Prime Norquay area! Charming home on 2 level with 5 bedrooms and 3 bathrooms. Radiant heat baseboard with some architectural arch design huge windows. RENOVATED house with laminated floors, kitchen & bathrooms with granite tops, all new interior paint, new furnace & Hot water tank. Very bright and has lots of natural light that flows thru the inside of the house. Mandarin Immersion Norquay Elem School is only half block away. Eligible for daycare at Collingwood neighbourhood house and Duke Street Early Childhood development program. 5 min. walk to 29th & Skytrain station & Slocan Park. 3 minutes walk to Norquay Park. House is very livable. Good to hold and build later.
NEW LISTING
RM1 Zoning. Attn Builders & developers! Drawings done and submitted to the city of Vancouver for duplex project. Can start project anytime. Tenanted property with rent @ $2600/month. Tenant leaving in 2 months. Existing bungalow is still livable with original hardwood floors. Full 33 x 122’ Lot. Steps to Charles Dickens Annex School, King Edward Village Shopping complex, Save On Foods, Vancouver Library, TD Bank .. Close to public transit lines to downtown and UBC.
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6-BDRM 2-LEVEL HOME
6688 CULLODEN STREET Lovely 2204 sqʼ BRIGHT & SPACIOUS family home in the most desirable 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!
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With 2 BR's on Main plus a 3rd BR down, professionally renovated bathrooms up & down, & loads of updates, this is an Excellent Value! In-laid hardwood flrs, leaded glass windows & hi-eff furnace. Steps to transit! 5280 Spencer St., Van.
www.normflockhart.com
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VANCOUVER LUXURY. ABBOTSFORD PRICES. FROM THE HIGH $200’S GENEROUSLY SIZED 674 SF TO 1,680 SF*
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VANCOUVER EASTSIDE
THURSDAY, JUNE 16, 2016
Looking for a new home? Start here.
R E A L
E S T A T E
W E E K L Y
8X ON THE PARK OFFERS LUXURY URBAN LIVING
C
alling it “a fusion of modern and historic architecture unmatched in the city,” Tracie McTavish, executive director at Rennie Marketing Systems, says that 8X ON THE PARK’s unique design is a first in Vancouver. “It is also the only building that sits beside Emery Barnes Park,” adds McTavish. “There are many cool architecturally designed buildings in Vancouver but very few make such a bold statement as 8X ON THE PARK.” The mixed-use, 35-storey LEED gold certified “three-building” tower was designed by the forward-thinking gBL Architects to reflect the vibe of this exciting district – modern, sophisticated, artistic-inspired living. 8X ON THE PARK features 321 homes, ranging from a small selection of piedsa-terre, one-, two- and three bedroom homes, which will include 121 luxury rental units.
“What also makes 8X ON THE PARK quite distinctive is that we offer a large number of three-bedroom homes,” says McTavish, adding that this is rare in most condominium buildings. Thoughtfully designed, Ada Bonini of BYU Design was tasked with decorating the two show homes. “I took my inspiration from the form and shape of the building,” says the principal of BYU. “With such a bold contemporary design, it required a bold statement inside. There is also such a strong feeling of luxury here so we wanted to paint that sense of luxury using a palette of greys, white and charcoal tones … think a fine cashmere sweater or stunning black-and-white photography.” Each home embraces opulence, complete with marble and Quartz stone in both kitchens and bathrooms, pull-out pantries with integrated LED lighting, high end Miele and Sub-Zero stainless
steel appliances, air conditioning, wide plank engineered oak hardwood flooring, in-floor Nu-Heat in master bathrooms and Italian-made Binova cabinetry. “The kitchens also have steam ovens, a great feature for West Coast living,” adds Bonini. “There is lots of great lighting in these homes, not just to accentuate functionality but to highlight beautiful ambient lighting as well.” All residents will have private access to the 35th-floor wrap-around Sky Lounge and Fitness Centre, offering state-of-theart equipment, amenity room and lounge with kitchenette, as well as a landscaped outdoor terrace with a covered deck, a common dining area, a storage shed and potting bench for a rooftop garden. McTavish went on to say that familyowned Brenhill Development Ltd, a local developer with more than four decades of experience, wanted to ensure the tower was as green as possible. 8X ON
THE PARK will be outfitted with an extensive use of both thermal glazing and sun shading, geo-exchange heat pumps and high-efficiency fan coil units in each home. 8X ON THE PARK is walking distance to the False Creek seawall, transit and several great restaurants. It is close to everything an urbanite wants, including Vancouver’s central library, BC Place, Rogers Arena, Vancouver Symphony Orchestra, theatres, parks and the Roundhouse Community Centre. The 8X ON THE PARK sales centre and two show homes, located at 1149 Hamilton Street, Vancouver, is open daily from noon to 6pm. Prices for a three-bedroom residence start at $1.579 million. For more information, call 604-8016861, email info@8xonthepark.com or visit www.8xonthepark.com. Tentative occupancy is slated for 2019.
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