THURSDAY, JUNE 22, 2017
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
Vancouver Real Estate Market “Ain’t Seen Nothing Yet” T
he Vancouver real estate market, far from reaching its peak in terms of unaffordability and lack of housing, is merely “dancing on the edges of a massive problem,” according to one leading development marketer. Speaking to a packed audience at the Urban Development Institute luncheon on new home marketing at the Fairmont Hotel Vancouver June 8, Cameron McNeill of MLA Canada added, “We ain’t seen nothing yet.” The panel of well-known development marketing bosses, which also included Scott Brown of Fifth Avenue Real Estate Marketing and Daryl Simpson of Bosa Properties, discussed how blistering demand and a trickling supply of new housing is affecting the affordability of homes in the region. Event moderator and UDI chair Jon Stovell of Reliance Properties asked the panel whether onerous building permit requirements and slow processing times were affecting home prices – to which the
GO TO
REW.CA /NEWS TO READ THESE STORIES AND MUCH MORE REAL ESTATE NEWS AND ADVICE
reply was unanimously “yes, absolutely, 100%.” Cameron McNeill observed that the Metro Vancouver region is expected to grow by 250,000 people in next five years, and that it currently takes around six years to get a highrise residential project from conception to occupancy – “if it all goes well”. He said, “And that’s maybe 300 units. The city is 300,000 people bigger by that point.” McNeill added, “We’re dancing on the edges of a massive, massive problem. And it’s not going to change. I just came back from Hong Kong and everybody I spoke to said to me, ‘That’s nothing.’ We ain’t seen nothing yet. This is just the tip of the iceberg for Vancouver.” Population Growth Daryl Simpson pointed out that population growth numbers, and therefore housing demand, would likely be even higher than
Controversial Chinatown Condo Project Rejected by Council
projected, as projections are based solely on permanent residents and citizens. “One thing they rarely look at student visas and multiple-entry visas. There were 67,000 student visas in BC last year. And you have to think, if they’re flying to BC to study, these are students with means, maybe wealthy families. In 2016, there were 315,000 multiple entry visas – they last 10 years and allow people to fly back and forth. So you need to layer those on top of the permanent residents and citizen population growth.” Scott Brown said, “You can’t fix demand. And if this is a housing crisis as the media says, where is the multi-stakeholder group figuring out how to speed up supply? If we were going to war we sure as hell would be working out how to arm up quickly. But we spend more
Editorial: Letʼs All Play Nice at Development Public Hearings
time working out how to break things apart than how to fix things. We need to work together. We’re trying, but putting one project a time on the market, there’s so much demand, prices just keep escalating.” Simpson added, “Look at the 450 acres in False Creek Flats, with 1,400 residential units in total earmarked for that area. That’s three homes per acre. That’s insane. Ask Ryan Holmes of Hootsuite what he needs, it’s not 450 acres of industrial land, its proximate residential units [so employees can afford to live in Vancouver close to work]. Ask Amazon, they’ll say the same thing. Go to Seattle, there are more residential units being built by Vancouver developers – Bosa, Westbank, Onni – right across the street from the Amazon HQ than will be built in the whole of the False Creek Flats.”
How Home Capitalʼs Meltdown Could Affect Mortgages
•2
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U N E 2 2 , 2 0 17
Open Sunday June 25, 2-4pm
DEXTER ASSOCIATES REALTY
Over 25 Years in Top 10% of Vancouver Realtors
SKIPSHOMES.COM CATHIECLINE.COM Personal Real Estate Corporation
604-263-1144
For The Best Move Of Your Lifetime!
Family Home! NEW LISTING
$1,599,000
5163 ELGIN STREET
$1,198,000
1787 NAPIER ST
$1,248,000
365 East 54th Avenue Open House Sat/Sun 2-4pm This solid, 1965 bungalow with basement features an updated open kitchen, dining, living floor plan and 3 bedrooms up. Check out the bright open kitchen complete with gas stove and door out to a covered deck and back yard space. Downstairs is a rec room with 3 piece bathroom and bar kitchen, along with a 1 bed suite and the option for separate laundry. In the Sunrise neighborhood 2 blocks off Main St, Henderson Elementary, Sunset Park and Comm Centre. 365 East 54th Ave
STARTER HOME or HOLD/REBUILD?
3 BEDROOM/2.5 BATH TOWNHOME NEAR THE DRIVE
Charming starter home on a quiet tree-lined street between Fraser & Knight - House needs repairs including a new roof immediately. 2 bdrms & full bath on main and self-contained mortgage helper down - good tenants would like to stay on. Fir floors, high ceilings, deck off bright kitchen - renovate, hold, or rebuild? Close to good schools, parks and transit. 5163 Elgin Street.
Charming 3 level townhome in a small 10 unit complex 1 block off The Drive! LR, DR, Kitchen & powder room on the entry level, 2 good bedrooms & full bath on 2nd level + spacious Master bedroom w/ a 5 piece ensuite on top level! End unit, SE exposure, quality construction, built in 2013 w/ balance of 2-5-10 warranty. Great street appeal, sunny front patio - feels like a detached home! 1787 Napier Street
w w w. l i e b e rm a n h o m e s . c o m
dexter pm PROPERTY MANAGEMENT | A DIVISION OF DEXTER ASSOCIATES REALTY
FREE RENTAL RATE ASSESSMENT
778.996.1514 | www.dexterpm.ca
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U N E 2 2 , 2 0 17
“Your East Vancouver Real Estate Experts!” 2812 ADANAC STREET
Lisa MacIntosh
3•
Diane Kunic-Grandjean
$1,499,900 "THE NICHOL HOUSE"
$16,888,000
CE
W
G
W NE
TIN S I L
NE
I PR
FIRST SHAUGHNESSY 10 BEDROOMS - 6 BATHROOMS - 11,598 SQ.FT. 3333 THE CRESCENT
THE COTTAGE ON ADANAC – YESTERYEAR CHARM WITH TODAYʼS COMFORT ON A 40 FOOT WIDE LOT The cottage on Adanac". This 1944 versatile bungalow sits on a 40' wide lot in a desirable & family oriented block in beloved Hastings Sunrise. Yesteryear charm with today's comfort, its main floor greets you with beautiful fir floor & oak inlay, a spacious living room with coved ceiling, wood burning fireplace & many windows looking onto an enchanting front garden. 2 sizable bedrooms, one opening onto a large sundeck, a functional kitchen (new appliances) having host plenty of parties and its direct access to the sundeck perfect for your alfresco dinner. The self-contained basement suite offers 2 spacious bedroom as well as a large living and dining area. One of these bedroom could be claimed for upstairs use. Bonus: storage galore with the 211 sqft shed! Wrap it all up with a considerable backyard: an invitation to gardening, entertaining & pure relaxation. This is the white picket fence dream you've been waiting for.
“THE NICHOL HOUSE” is one of First Shaughnessy’s most prestigious mansions. Located on The Crescent, this stately Tudor Revival home was designed by Samuel Maclure & Cecil Fox in 1912. It was built for the former Lieutenant Governor of BC – a newspaper magnate & the wealthiest Vancouverite in his time. The interior features fine wood finishings, beamed ceilings, a grand entry hall, 8 fireplaces, leadglass windows, inlaid oak floors & paneled walls. The grand scale rooms offer elegance at its best! Over 11,000 sq.ft. with 10 bdrms. Enjoy the 1 acre plus property with beautiful formal estate gardens. The grandeur of the house, its carefully crafted details & stunning grounds make it a piece of history well worth treasuring.
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
www.dexterrealty.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale $569,000
Taking our Listings Global
Cozy Bowen Island Home First Time Buyers Alert! Welcome to this charming, cozy home! Halfacre only 5 mins from the Ferry and all the amenities that Bowen Island offers. Rise to the sun in the morning in your lower level master bedroom. A smaller, second bedroom on the main floor is perfect for kids or guests or office/den space. Expansive upper floor deck. Expand or build a view home from scratch. 1312 Hillcrest Road, Bowen Island VAUNE KOLBER 604-506-7534
1806-111 E. 1ST AVE.
$1,950,000
Lisa Findlay 778-378-8090
NETIW NG! LIS
$459,000
CHARMING FAMILY HOME
$1,288,000
Charming character home on quiet tree-lined street. Perfect home for growing family close to transit, shopping, schools. Amazing outdoor space; garden, sundeck & hot tub! One bedroom suite in basement.
3 BDRM WITH PRIVATE ROOFTOP TERRACE Brand new 3 bed Penthouse in the heart of Vancouver with exquisite views of downtown and the North Shore mountains. Steps from Olympic Village and right on the seawall to Downtown. Top of the line finishings. Extremely rare opportunity. Donʼt miss this gem of a home!
7658-7660 BURGESS RD
4995 CULLODEN STREET
FERNANDO MORETTI fernandomoretti@telus.net
604-255-8779 VIEW PROPERTY
2509 East 22ND Avenue, REDUCED $1,468,000 Renfrew Heights, Van East
100 MILE HOUSE – DEKA LAKE SOUTH FACING - 115 feet of water front on Deka Lake. The home has been well-maintained with new lino, carpet and paint inside. Large deck (33ʼ x 9ʼ) covered to enjoy the water view. Two wood-burning fire places for cozy morning coffee and lake view. 7658-7660 Burgess Rd 100 Mile House ESTHER 604-351-2544
OPEN HOUSE SAT & SUN 1-3 PM
Custom built, well designed European 3 level split level home steps away from Shopping, Schools, and Sky train access. Minutes to either Trout Lake Community Center, and or Renfrew Community Centers and Library. Plenty of Shopping along Grandview Highway. Property offers approximately 2255 Square Feet of living space, hardwood floors, 2 fireplace's, 4 bathrooms, and a one car garage at rear with lane access. Original owner, extensive use of ceramic tiles, sky lights, and oak. Tons of Storage space, larger families welcomed. Priced for quick sale. Call for your exclusive appointment now. Allow 24 hours for all showings.
•4
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U N E 2 2 , 2 0 17
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
HOUSES DUPLEX TRIPLEX 4PLEX 5PLEX 6+ UNITS APARTMENT BUILDINGS DEV SITES
COMMERCIAL DR 4 UNIT REVENUE BLDG
4 UNITS
INCOME
CAMBIE 7 UNIT BUILDING ON BIG LOT
7 UNITS
INCOME
FRASER/CEDAR COTTAGE HOUSE WITH SUITE HOUSE OPEN WITH SUITE
SAT & SUN
2-4
1847 VENABLES STREET
482 WEST 17TH AVENUE
**** NEW LISTING**** 4511 ELGIN ST
• Big 4 lvl Char Income Property, 3419 SF, potential Inc $87,300/yr, Views • 4 Legal Suites, Commercial Dr Area, Updates & More, 30’X124’ RT-5 Lot • Investors, Owner-Occupiers, Shared Ownership Asking $2,028,000
• Huge 4 lvl Character Revenue Building, 4598 SF, Gr Income $114,480/yr • 7 Suites, Recent Renos, Newer Garage, Big 46’X137.5’ RS-7 Corner Lot • Investors, Owner-Occupiers, Shared Ownership Asking $3,298,000
• Char, 1 1/2 Levels House w 1 Bdrm Suite, nice Fraser Neighbourhood • 2340 SF, 3/4 Bdrm and Bath Up, Beautiful Gardens, 33’X105’ RS-1 Lot • Starter Home needing TLC, Developers, Builders Asking $1,469,000
Macdonald Realty Westmar
Real Estate Investment Think Bob Bracken Open Sat 2-4PM
$1,888,000 Killarney Large Corner Lot Prime location in popular Killarney neighbourhood. Features large corner lot with lane, 44 x 144 lot, 6,289 sq ft, extra wide and extra long, quiet street, good view of Grouse & North Shore mountains. Maintained by long time owner, same family for 55 years! Original hardwood floors. No oil tank, former BC gas display home. Update or great building lot for new home and coach house. Open Sat June 24 2-4pm
2946 East 52nd Avenue, Vancouver
Steve Buchsbaum: 604.657.7877
Now is the time to BUY! SELLING? Call today for a free market evaluation of your home.
Steve Buchsbaum 604.657.7877 Top 10% of all Realtors
www.bchomesales.com
Learn from the Real professionals
Start now. Our comprehensive 5 week & 10 week courses will teach you how. • Daytime & Evenings. • Tuition only $649 • First class FREE - try us out!
Looking for a new home? Start here.
Looking for a New Brokerage? Receive the highest level of support from our experienced Managing Broker. NO FRANCHISE FEES THREE EXCELLENT FEE PLANS STRONG SUPPORT
Roloff Veld Managing Broker
Contact Roloff at 604-782-7327 or roloff@evergreenwestrealty.com 206-1120 Westwood Street, Coquitlam BC, V3B 7K8 T: 604 942 1389 www.evergreenwestrealty.com
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U N E 2 2 , 2 0 17 Over 40 years of experience in selling and custom building luxury homes in B.C. Top 1% President Club Award of All Realtors in Real Estate Board of Greater Vancouver.
NORM FLOCKHART
PREC
BALDEV SANDHU & JULIANA HO TEAM
(604) 261-7275
Top New Home Construction Award
13 Year Member of MLS Medallion Club
Diamond Master
Free Market Evaluation. Sell your house fast. Buyer with Cash looking for building lot. Custom build your dream home.
BALDEV SANDHU 604-880-9571 www.BaldevSSandhu.com DaveSandhu@royalpacific.com
OPEN SAT & SUN 1-3
5•
ROYAL PACIFIC
$1,499,000
★ DELIGHTFUL CEDAR COTTAGE! RT-10 ZONING! Long term owner's home w/2 BRs on Main plus 2 more BRs Down. Bathrooms on both levels. Fir Flrs, Fireplace + large Sunroom w/Downtown & mountain views. 33' x 122' Duplex Lot, Zoned RT-10, Steps to transit, schools, shopping & more! 1495 East 20th Ave.
$1,275,000
MIDTOWN GREENWAY! QUIET NO-THRU STREET! This 2 BR, 2 Bath home is in a super location! Traffic-calmed, non-thru street just 2 blocks off Fraser! Walk to buses on Fraser or 41st, steps to MacKenzie Elementary. Update & expand the existing home or build new! 33' x 122' lot! 904 East 37th Ave.
www.normflockhart.com
www.JulianaHo.com Juliiho@gmail.com
R E A LT Y
Vancouver East, Victoria CUSTOM BUILD HOME 2073 East 27th Avenue - $2,125,000 - A great opportunity to build your dream home - Located at desirable area, quiet street, walking distance to all - 33 x 118.5 ft property, 2750 sf of main house plus 500 sf LWH - Professional build with fabulous finishing and high quality material - HRV, inter-telecom, high efficiency heating system. - Buyer to provide their own plan and colour choice are welcome!
MASTER
JULIANA HO 778-869-9688
An Elegant Home - Killarney Area 6939 Butler St., Vancouver $2,598,000 - An fantastic built 3-storey house, Lot 40.05 x 143.9 ft - 3500 sf living area, classic design, open layout, granite counters - 7 bedrooms, 5 bathrooms, included 2 bedroom suite in basement - Gourmet kitchen, big covered sundeck, radiant heat, - Nice fenced garden, triple garage
OPEN HOUSE SATURDAY 2-4 PM
OPEN HOUSE SAT & SUN 2-4 PM
A Brand New House with Spectacular City View 3665 Franklin St.,Vancouver $2,258,000
Brand New Just Finished 3-Storey w/LWH Renfrew 1250 Rossland St. $2,288,000
- A brand new, luxury built home with breathtaking views - 2810 sf living area plus 640 sf Lane way house - Modern design, prestigious chandeliers, gourmet kitchen - 3 private ensuites at above; 7 bedrooms and 7 full bathroom - High end bathroom fixtures, radiant heat, air-conditioning, HRV
- Brand New executive home and LANEWAY house in Renfrew area - Modern layout and excellent finishing. - Luxury master suite and private ensuite with quartz double vanity, High end features in bathrooms - Total 6 bedrooms, 7 full bathrooms - Exquisite chef's kitchen; thick-slab counters, central island - HRV radiant heat and Air conditioning
GEORGE GOMORY FREE HOME EVALUATIONS 3642 Inverness Street, Port Coquitlam • $849,900
Call Now!
604-765-7653
2115 East 13th Avenue - Trout Lake $1,688,000 South Facing Family home with 3 bedroom up, easy to suite down, fenced yard, garage off laneway. Spacious 40.08 x 121.98 RS-1 Zoned Lot. Quick possession possible. Move in or build your dream home.
Open House Sat & Sun June 24/25 from 1-3 pm
OPEN Sat & Sun 2-4
www.GeorgeGomory.com
131 Fern Dr., Port Moody - Anmore Estates New Price $2,798,000 Spacious 3 bedroom Rancher located on large 8174 square foot lot along a quiet street in Lincoln Park. Contemporary updates & renovations feature comfortable open concept living & include addition of a new family room & den in 2012, family size maple kitchen w/ eating island & stainless appliances, new main bath w/ tumbled marble tile. Covered walk out deck off kitchen to enjoy year round. Fully fenced & private park like back yard offers gated access from back lane to allow RV parking. Property upgrades: new roof, gutters, soffits, windows, electrical sub panel, furnace, vinyl lined crawlspace, sump pump & pressure treated deck, crown mouldings & much more. Truly a fine home & property that must be seen to appreciate. First showings Sat June 24 & Sun June 25 from 1pm-3pm.
#101 - 1020 Austin Ave., Coquitlam, BC.
All Points Realty
2615A St Johns St., Port Moody, BC
Spacious 5200 sq ft 6 Bedroom Home with room for the in-laws plus a 3 car garage. The 2 homes sit on just over a 1 acre lot. Bonus 2000 sq ft 2 bedroom Coach House provides instant rental income. The 2 homes are on opposite ends of the property ... ideal for possible future subdivision.
www.GeorgeGomory.com SELL YOUR HOME FASTER AND FOR MORE MONEY With George Gomory’s Guaranteed Homeselling System RE/MAX Central #1-5050 Kingsway, Burnaby (604) 433-2211 Office Each Office Independently Owned & Operated
VANCOUVER EAST
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U N E 2 2 , 2 0 17
The Week in Real Estate
•6
Your Experienced Local Realtors
HOME SALES* Attached
26
Sutton Group - 1st West Realty
Detached
8
AN INDEPENDENT MEMBER BROKER
604-942-7211 www.sutton1stwest.com
Median sale price** Attached
Detached
$808,800
$586,000 $1,793,000 Marten Felgnar 604-250-4175
Top sale price*** Attached
mfelgnar@shaw.ca
Detached
$1,782,000 $2,565,000 Active Listings†Attached
264
Detached
789
20838 117 AVENUE, MAPLE RIDGE HOLY SMOKES, this is a LOT of house! Almost 3900 SQ FT - 4 bdrms - 4 bthrms - 3 LEVELS VAULTED CEILINGS - LARGE WINDOWS - GRAND STAIRCASES - 2 FIREPLACES - RECRM FAMILY RM - GAMES RM - LARGE Fully Fenced, Level, PRIV,TREED(60 x 120) lot. UNIQUE blend of CONTEMPORARY & TRADITIONAL!! In 1994, a full 2 STOREY ADDITION was added (with permits) Doubling the size of the original home & 3 ZONE Hotwater Baseboard Heat was added. The 3rd level is the (582 sq ft) MASTER SUITE w/VAULTED CEILING, 5 Piece Bath w/JETTED SOAKER TUB,Walkin Closet & Loft area. Open Kitch w/HARDWOOD Flrs, generous sized DNGRM where you can host large dinner parties. (20 x 18) Famrm w/ sliders to back patio. Lvgrm & Recrm both w/ F/P'S. 2 LARGE Bdrms and 2 bths on main flr. Bdrm,Den,office & 3 pce bath in bsmt.
John Panrucker 604-230-7390 jpanrucker@sutton.com
Marten Felgnar 604-250-4175
Days on Market††Attached
16
* Total units registered sold June 9-16 ** Median sale price of units registered sold June 9-16 *** Highest price of all units registered sold June 9-16 †Listings as of June 16 ††Median days of active listings as of June 16
Detached
53
Heather Langis 604-720-0091
Surp Rai 604-763-5263
Jim Gwynn 604-880-0948
Orlando Johannson 604-803-4336
hlangis@shaw.ca
surpsrai@gmail.com
jgwynn@sutton.com
orlandoj@shaw.ca
Æ« Æ« Æ« Ä“
Dewdney Trunk Rd Lougheed
Hwy
MAPLE RIDGE Downtown Ha
ne
yB
GOLDEN
y-
Kanaka Way
Pa
ss
Slatford St
E EARS BRIDG
Wynnbrook gives you single family home living in a parkside setting. Set between lush nature and the Albion Sports Complex, it’s the perfect location for active families. Enjoy football, soccer, baseball and a kids’ water park all within walking distance from your front door. Add to that open green space, easy highway access, great schools, and convenient shopping – perfect for today’s busy families.
ve
5
A
10
104 Ave
(Except Friday)
604.380.4708 | mstarhomes.com
Lou
gh
ee
dH
wy
240 St
Sales Centre Open: Noon - 6pm
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U N E 2 2 , 2 0 17
7•
•8
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U N E 2 2 , 2 0 17
N
LOUGHEED HWY
BRENTWOOD TOWN CENTRE D
HOLDOM STATION
WILLINGDON AVE
O
UG
LA
S
RD
5 MINS
GORING ST BURNABY LAKE REGIONAL PARK