THURSDAY, JUNE 29, 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
BC Home Sales Set to Breach 100,000 Mark – Again: BCREA B ritish Columbia home sales are on track to top 100,000 in 2017 for the third consecutive year, according to the British Columbia Real Estate Association’s (BCREA) 2017 Second Quarter Housing Forecast released June 19. Multiple Listing Service® (MLS®) residential sales across the province predicted to total 101,000 units by the end of the year – a drop of 10% from 2016’s record 112,209 sales, but 19.2% higher than the 10-year average of 84,700 units. “The province is in its fourth year of above-trend economic growth,” said Cameron Muir, BCREA’s chief economist. “Strong employment growth, consumer confidence and an influx of interprovincial migrants are important drivers of the housing market this year.” The BCREA’s report added, “In addition, with the millennial generation now entering their household forming years, the condominium market in major urban
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centres is experiencing pressure on supply.” BCREA is predicting that BC’s average MLS® residential sale price over the full year will fall slightly, by 1.1%, to $683,500 in 2017, but then increase 5.2% to a record $719,100 in 2018. The association said, “The [2017] decline in the provincial average price is largely due to rising demand for more affordable condominiums and a larger proportion of home sales occurring outside the Metro Vancouver region.” The forecast for average prices varies greatly when broken down by individual board area. Greater Vancouver’s high-priced average homes are expected to see the biggest price-dampening this year, forecast to decline 3.6% compared with 2016’s record levels, before then recovering to new highs by increasing 4.2% next year. At the other end of the scale, prices in Victoria and Vancouver Island are forecast to rise by 12.1% and 9.6% respectively
Heritage Homes, Chinatown Ranked Vancouverʼs Most Endangered
this year, and then grow further by 1.2% and 4% respectively next year.
Surge in May Home Sales The forecast follows the association’s recent release of May home sales and prices across the province. BCREA reported that the number of homes listed for sale across the province remains at a 20-year low – but that hasn’t stopped a month-over-month surge in sales. Some 12,402 homes exchanged hands across BC in May, which is nearly 26% higher than April’s 9,865 sales. The transaction total is just shy of 8% lower than the hot May of last year – which is itself a rapid recovery from the activity slowdown of previous months, as even April’s sales figures were nearly 24% below those a year ago. Sales might have been even higher were it not for extremely tight supply of available homes for sale across the province. “Market conditions have tightened
How We Finally Won Our Home-Buying Battle
considerably this spring as an upturn in consumer demand has not been accompanied by a rise in homes listed for sale,” said Muir. “The entire southern portion of the province is experiencing a shortage of housing supply, which makes continuing upward pressure on home prices inevitable, at least in the near term.” That upward pressure on prices was clearly seen in May’s figures. After several months of the average BC home price being lower than the same time last year, BC’s average MLS® residential sale price in May was $752,536, a 4.2% increase over May 2016. Total active listings were down 11.1% year over year to 28,404 units. The ratio of home sales to active listings was well over 20% in nine of the province’s 11 real estate boards, and over 50% in Greater Vancouver, the Fraser Valley, Chilliwack and Victoria. The association says that anything above 20% for a sustained period is a seller’s market.
Editorial: Donʼt Worry, Be Happy About Buying a Home
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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 N E 29, 2 0 17
“Your East Vancouver Real Estate Experts!” 2812 ADANAC STREET
Lisa MacIntosh
Diane Kunic-Grandjean
$1,499,900 "THE NICHOL HOUSE"
$16,888,000
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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.
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FIRST SHAUGHNESSY 10 BEDROOMS - 6 BATHROOMS - 11,598 SQ.FT. 3333 THE CRESCENT “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
dexter pm PROPERTY MANAGEMENT | A DIVISION OF DEXTER ASSOCIATES REALTY
FREE RENTAL RATE ASSESSMENT
778.996.1514 | www.dexterpm.ca FERNANDO MORETTI fernandomoretti@telus.net
604-255-8779 VIEW PROPERTY
2509 East 22ND Avenue, REDUCED $1,468,000 Renfrew Heights, Van East
OPEN HOUSE SUNDAY 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.
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Looking for a new home? Start here.
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY J U N E 29, 2 0 17
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6117 Fleming Street • $2,998,000
DEXTER ASSOCIATES REALTY
www.dexterrealty.com
SKIPSHOMES.COM CATHIECLINE.COM
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale
604-263-1144
Family Home! NEW LISTING
$1,599,000
$569,000
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
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
False Creek Penthouse Gorgeous 3 bed, 2 bath Penthouse in the heart of Vancouver. Situated just steps from the seawall and Olympic Village with exquisite views of downtown and the North Shore mountains. Topped off with high end finishings and a private rooftop terrace. Donʼt miss this gem of a home! Lisa Findlay 778-378-8090
7658-7660 BURGESS RD 4995 CULLODEN STREET
$1,288,000
CHARMING FAMILY HOME 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.
NETIW NG! LIS
$459,000
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
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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 N E 29, 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
CAMBIE 7 UNIT BUILDING ON BIG LOT
4 UNITS
INCOME
7 UNITS
INCOME
FRASER/CEDAR COTTAGE HOUSE WITH SUITE HOUSE OPEN WITH SUNDAY SUITE 2-4
1847 VENABLES STREET
482 WEST 17TH AVENUE
*** NEW LISTING *** 4511 ELGIN STREET
• 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, Families, Builders, Developers Asking $1,469,000
Real Estate Investment Think Bob Bracken
0-2(% *32+ /)22= )01 786))8 Located on a picturesque tree-lined street in the heart of popular Kerrisdale, this 25 year young 6/7 bedroom family home sits on a 46.2 x 125.61 fenced private lot. Close to the shops and restaurants of popular Kerrisdale Village, parks, public and private schools. Design features include crown mouldings, arched passageways, radiant heated hardwood floors, and more. Main level features an open flow kitchen/ eating area/family room looking out to a landscaped back yard through bright picture windows — the perfect gathering area for your family and friends. 4 bdrms up including quiet master with ensuite. Downstairs offers 2 more bedrooms, 4-piece bath, and a spacious rec room with wet bar and sliding doors to a lower patio. Lots of mechanical updates. 3-car garage.
linda@LFKhomes.com
$ 3,898,000
NE W LISTING
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
Contact Roloff at 604-782-7327 or roloff@evergreenwestrealty.com
Roloff Veld Managing Broker
www.LFKhomes.com
206-1120 Westwood Street, Coquitlam BC, V3B 7K8 T: 604 942 1389 www.evergreenwestrealty.com
Brenda Dean presents
A successful small Resort steps from the Sea $997,000 Live and work just steps from the Salish Sea mid-way between Vancouver and Vancouver Island! Live the dream and move to Mayne Island - a popular gem of the Southern Gulf Islands. Step into this well-established successful small family-run resort steps from the National Seashore. Blue Vista Resort of Mayne Island boasts great year-round clientele, reputation, cashflow and future prospects. 9 well maintained and self-contained housekeeping cabins one of which doubles as manager’s quarters. A rare opportunity and must-see, Come live the dream!
Come feel the Magic, Mayne Island BC!
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NORM FLOCKHART
PREC
(604) 261-7275 13 Year Member of MLS Medallion Club CREST REALTY
$1,499,000
JOE@JOECAMPBELL.CA
604-657-1480
JUST LISTED!
OPEN SUNDAY 2-4
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.
OPEN SUN 12-2!
$1,275,000
CHARMER NEAR TROUT LAKE!
+MIDTOWN GREENWAY! QUIET NO-THRU STREET! This 2 BR, 2 Bath home is in a super location! Traf c-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.
Opportunity knocks! Check out this charming character home on a quiet tree lined street near the heart of Commercial Drive. You can walk to markets, cafes and restaurants plus you are close to sky train (not too close) and can be downtown in ten minutes. The main floor offers a large living room with gas fireplace, built-ins and French doors to the dining room and bright classic kitchen with gas stove and cozy eating nook. A large bedroom and full bath complete the main floor while upstairs has a large master, another attic bedroom and a full bathroom. The lower level offers a 1 bedroom suite with shared laundry. There is also a lot of land value in this RT5 duplex zoned lot that is private and just a short walk to Trout Lake and good schools! Call today!
1969 EAST 8TH AVE, VANCOUVER FOR MORE DETAILS & PHOTOS VISIT
www.normflockhart.com
$1,699,000
JOECAMPBELL.CA
Michele Cummins PERSONAL REAL ESTATE CORPORATION
Little Oak Realty
604-820-0555
mcummins@remax.net
www.michelecummins.ca
Specializing in marketing unique properties through BC
#1 AGENT OF RE/MAX IN THE FRASER VALLEY & RANKED TOP 1% REALTORS NATION WIDE
* 2016
5224 Davis Rd. 108 Ranch, 100 Mile House • $350,000
9373 Dominic Lake, Thompson Nicola District • $225,000
Beautiful Retreat in the Cariboo, 1.33 acres that feels like 20! Gorgeous Open Concept Log home with 4 bdrms, 2 bathrooms, Vaulted ceilings and lots of windows to enjoy the Amazing Views!
.82 Acre Waterfront property with a 650 sq ft furnished and insulated cabin with running water, drainage & stove. Includes a Generator, ATV and boat. Beautiful 90 Acre Lake and is stocked with rainbow trout.
9437 Dominic Lake Rd, Thompson Nicola District • $950,000
Black Gold Lodge - River’s Inlet • $2,600,000
Almost 10 Acre Lakefront Campsite Retreat with 2 cabins, a lodge & 26 RV sites on Beautiful Dominic Lake - 90 Acre lake stocked with trout. Lots of great outdoor activities! Buy Business w/ land and pay no Property Transfer Tax - Save Thousands!!
Premier Sport Fishing Destination along BC’s Rugged Coast - a 28 building floating village with Commercial Kitchen, Dining room, Lounge, Gas Station and Private lodges. Maintained to Perfection! EMAIL for BROCHURE.
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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 N E 29, 2 0 17
GEORGE GOMORY FREE HOME EVALUATIONS Call Now!
604-765-7653
L01-788 W 8th Ave - Fairview - $1,488,000 Awesome City Views, 1529 sq ft, 3 bedrooms all with en-suites, 2 parking with direct suite access, rentals ok, 2 cats ok, no dogs. www.GeorgeGomory.com
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.
www.GeorgeGomory.com
131 Fern Dr., Port Moody - Anmore Estates New Price $2,698,000 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
GET HIGH ON SQUAMISH Discover new highs on your private roof top sky lounge. Entertain friends, soak up the mind-blowing views or gaze at the stars. With four levels of open, airy living space it’s easy to see why Breeze by Target Homes is a floor above the rest
Call Michelle today at 604-390-1128 BREEZE Presentation Center 39771 Government Road, Squamish, British Columbia
Noon – 5 pm, Thursday to Monday
www.targethomes.build
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