THURSDAY, MARCH 17, 2016
VANCOUVER EASTSIDE
info@rew.ca • 604-435-7977
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Vancouver’s Home Sales See Another Leap in February: REBGV
G
reater Vancouver home sales over the month, which rose more than 36 per cent year over year, according to Real Estate Board of Greater Vancouver (REBGV) reported March 2. Like January’s figures, and like the Fraser Valley, the residential unit sales volume is the highest ever recorded for the month of February in Greater Vancouver, said the board.
Sales Greater Vancouver home sales in February totalled 4,172, a 36.3 per cent rise compared with the 3,061 sales recorded in February 2015 and an increase of 65.6 per cent versus January 2016, when 2,519 homes sold. February’s sales were 56.3 per cent above the 10-year sales average for the month and were also 65.6 per cent higher than January’s figures, as the spring market got under way early. Split by property type, there were 1,778 detached home sales in the region in
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February, a rise of 37.2 per cent versus February 2015, and an increase of 69.8 per cent month over month. Townhome and other attached property sales continued to grow, although they further slowed their rate of annual sales growth in February. The total of 604 sales was a year-over-year increase of 15.9 per cent and a jump of nearly 61 per cent over January. Sales of condominium-apartments totalled 1,790 in February 2016, an increase of 43.9 per cent compared with February 2015. This was once more the fastest annual sales growth of the three types, and again the property type with the highest total sales. It was also a 63 per cent leap over January’s figures.
Listings Property inventory was still tight in February, although it continued its recovery compared with recent months. New listings for all home types in Metro Vancouver totalled 5,812 in February 2016,
Vancouverʼs Home Vacancy Rate is Less Than 5%: City-Commissioned Report
an increase of 7.1 per cent compared with February 2015, and a strong boost of 30.8 per cent month over month. The total number of properties currently available as of the end of February is 7,299. This is a 38.7 per cent drop compared with February 2015 but an 8.9 per cent increase compared to January 2016. Greater Vancouver’s sales-to-active listings ratio for February 2016 is 57.2 per cent, making it the 12th consecutive month that the sales-to-active-listings ratio has been above 30 per cent in Metro Vancouver, as the strong sellers’ market retains its firm grip.
Benchmark Prices Metro Vancouver’s combined residential benchmark price predictably set another new record in February, at $795,500, a rise of 22.2 per cent compared with February 2015 and a 0.7 per cent rise over the previous month’s price. The area’s typical detached home is now priced at $1,305,600, a rise of 27 per cent
Editorial: Vacancies Not the Reason for Vancouverʼs High Home Prices
compared with the same month last year, and once more the sharpest rise in prices of all the property types. This was a rise of 0.9 per cent over January’s $1,293,700. The benchmark price of a townhome or other attached unit in Greater Vancouver increased 17 per cent over February 2015 to $569,600, up 1 per cent compared with January. Condo-apartment benchmark prices continued to be the most volatile, in February slowing their annual growth somewhat, but still up 17.7 per cent over February 2015 to $454,600. This property type was the only one to record a monthover-month decline in benchmark price, down 0.4 per cent compared with January’s $456,600, as high levels of new inventory eased demand and pressure on prices. 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 statistics package, available at www.rebgv.org
Mortgages for Single Parents: Navigating the Real Estate Market Solo
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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY M A RC H 17, 2 0 1 6
Bob Bracken
604.263.2823
bobbracken.com bob@bobbracken.com
Real Estate Services Each office independently owned and operated.
410-650 W 41ST Avenue, Vancouver, BC V5Z 2M9
Real Estate Investment Think Bob Bracken
MOUNT PLEASANT 4 SUITE HOUSE PLUS
4+ UNITS!
INCOME!
975 EAST 11TH AVE
COMMERCIAL DR 8 UNIT APARTMENT BLDG MOUNT PLEASANT BIG INCOME PROPERTY CAP SOLD 8 7+ RATE RECORD UNITS! PRICE! UNITS! 4.1%!
2313 VICTORIA DRIVE
497 EAST 10TH AVE
• Legal Apartment Building, Attractive Financing Avail • 8 Suites, 4 Lvl, Character, 6617 SF, 45’X110’ RT-5 Lot • Gr Inc $147,768/yr, 9 Electric Meters, 9 Gas Meters • Investors, Owner-Occupiers, Developers Asking $2,980,000
• Character 7+ Unit Multifamily Building, 4650 SF • 49’X124’ Corner RT-5 Lot, Nice Quiet Street • Gr Income $105,000/yr. Potential for Add’l Revenue • Investors, Owner-Occupiers Asking $2,450,000
• Mount Pleasant 4 Unit House MT PLEASANT MULTIFAMILY FIXER UPPER • Plus a separate Artist Studio SOLD • Character, 2700 SF Multifamily Bldg 4 OVER UNITS! • 2X1 Bdrm, 1 Bdrm + Den, Bach, Studio ASK! • Updated, Newer Kitchens and Baths • Gross Income $60,240/yr • Potential Income $72,000/yr • Opportunity to Add Income & Value 850 EAST 12TH AVE • 33’X122’ RT-5 North Lot, Renovators • Fixer Upper, 4 Suite House Plus Add’l Revenue • 3 Lvl, 3005 SF, 1X2 Bdrm, 1X1 Bdrm, 2 Bachelor • Investors, Owner-Occupiers • Gr Inc $40,860/yr, 420 SF Garage with Power Asking $1,699,000 • Renovate/Dev to Add Value. Asking $998,000
COMMERCIAL DRIVE 3 SUITE HOUSE
NEW LISTING!
3 UNITS!
2049 VENABLES STREET • Big Commercial Dr Area 3 Suite, 2690 SF House • 1X1 Bdrm, 1X1 Bdrm & Den, 1X2 Level 4 Bdrm • Gr Inc $40,200/yr, 33’X124’ RT-4 Lot, Quiet Street • Investors, Owner-Occupiers Asking $1,299,000
HOUSES DUPLEX TRIPLEX 4PLEX 5PLEX 6+ UNITS APARTMENT BUILDINGS DEV SITES
FINELY CRAFTED AND INDIVIDUALLY CURATED HOMES
With 4 homes and a coach house, THE COLUMBIA will be an enviable place to live. Included are two 1 bedroom garden suites, two 3 bedroom homes above and one 2 bedroom and den coach house.
1-3 bedrooms + coach house
– Completion date Spring 2016 – Details include: Caesarstone quartz countertops ❙ shaker style custom cabinetry double hung windows ❙ stainless steel appliances
engineered hardwood floors ❙ extensive use of natural stone contemporary plumbing and lighting fixtures ❙ shingle wood siding
Located at the corner of 16th Ave/Columbia St in the heart of Mt. Pleasant
PRE-REGISTER at liveatcolumbia.com Call for more details
Quality built by
Ruthie Shugarman 604.879.2941 • Paige Kraft 604.603.3475 DEXTER
ASSSOCIATES REALTY
This is currently not an offering for sale. Any such offering can only be made with a disclousre statement. E.&O.E.
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY M A RC H 17, 2 0 1 6
“Your East Vancouver Real Estate Experts!” NEW LISTING
$2,250,000
Lisa MacIntosh
Diane Kunic-Grandjean
KITSILANO HOME Fabulous location in the heart of Kitsilano – on the quiet part of West 12th. Great investment property, clean & well maintained with long-term tenants. Hold & continue to rent out the 3 suites ($3,415/month), renovate into a lovely family home, or build your dream home. Level 33’ x 122’ lot with South facing backyard and lane access (Laneway house potential). Close to all the amenities that Kits has to offer, just a short stroll to Kitsilano Secondary, Kits Community Centre & Connaught Park. 2764 W. 12TH AVE.
HASTINGS SUNRISE VERY SPACIOUS 1 BEDROOM IN A GREAT BUILDING! NEW LISTING
$299,000
237-2033 TRIUMPH ST
Bright & very spacious 1 bdrm suite in the heart of Hastings Sunrise. Corner unit – North West facing with large wrap around balcony. Nicely updated with laminate flooring. Lots of windows for a light filled living space. Huge in-suite storage – could be used as office space. Additional storage locker with secured parking. Very wellmaintained 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 micro-brewery, Red Wagon Restaurant, Donaldʼs Market, only 10 minutes to downtown & a short stroll to the Drive. Strata fee includes heat & hot water.
HASTINGS SUNRISE$1,389,900 – UNIQUE CHARACTER HOME WITH NORTH SHORE VIEWS 2520 TRIUMPH ST.
VERY SPACIOUS 2 BED, 1.5 BATH,CORNER UNIT IN LIKE-NEW CONCRETE BUILDING NEW LISTING
$314,900
606-3970 CARRIGAN COURT
This is it! 2 bedrooms, corner unit offering a very unique layout: both bedrooms at either end of the apartment for utmost privacy, very spacious master bedroom with its own renovated 2 pce ensuite, functional U-shape kitchen opened onto the living and dining room to allow for the best entertainment and family dinners. Gather in your expansive living room bathed by a tremendous amount of natural light or enjoy barbecuing on your large balcony. Modern and renovated full bathroom, in-suite laundry and entire apartment freshly painted. Comes with a large storage locker, 1 pkg, bike storage room, gym, indoor pool, hot tub, squash & racquet court and more. 7 min walk to Lougheed skytrain station. Building having received tremendous amount of renovations and updates, feels like new. Fantastic opportunity, donʼt miss it!
1914 HASTINGS SUNRISE FAMILY HOME $1,198,800
$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 levels, 7 bedrooms and 3 bathrooms home is divided into two suites: basement & 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 one of its 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 awaiting your crops, 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.
Beautifully renovated 1914 character home with fantastic VIEWS towards the Mountains. Entertainer's kitchen with granite countertops, custom cabinets, stainless steel appliances with gas stove. Lots of original character including woodburning fireplace, Fir mouldings, coved ceilings & 2 claw foot tubs. 3 bdrms on main & 2 bdrms & den down for the garden level suite (also completely renovated w/ sprinkler system & high ceilings). Lovely fenced backyard w/ full veggie garden. Bonus-huge double garage with full power & plumbing. Fantastic Hastings Sunrise location, just a block from restaurants, shopping & Hastings Elementary w/ French Immersion. RS1 zoning - laneway house potential.. 2727 FRANKLIN 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
DEXTER ASSOCIATES REALTY
www.dexterrealty.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale 868 KINGSWAY
SKIPSHOMES.COM CATHIECLINE.COM
Taking our Listings Global $355,000
604-263-1144
340-2390 McGill St. $249,900
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
Affordability within a short distance to downtown! Come check out this top floor corner unit, 1 bed, 644 sq.ft. apartment with views to downtown Vancouver. Complete with vaulted ceilings and patio with a view, 1 parking and 1 storage locker.
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R E W.ca Âť VA N COU V E R E ASTS I D E Âť T H U RS DAY M A RC H 17, 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.
That moment when you get a great mortgage rate and up to $1,000.
BALDEV SANDHU & JULIANA HO TEAM Top New Home Construction Award Diamond Master Medallion
Free Market Evaluation. Sell your house fast. Buyer with Cash looking for building lot. Custom build your dream house.
BALDEV SANDHU 604-880-9571 www.BaldevSSandhu.com DaveSandhu@royalpaciďŹ c.com
MASTER
JULIANA HO 778-869-9688
ROYAL PACIFIC
www.JulianaHo.com Juliiho@gmail.com
R E A LT Y
Vancouver East, Collingwood
Vancouver East, Collingwood
SxS Duplex, 2-storey with bsmt under construction
1/2 Back Duplex - 2 Storeys w/bsmt, under construction
5508 Dundee St.-5502 Dundee St. $1,275,000
5492 Dundee Street
NEW LISTING
$1,225,000
NEW LISTING
$1,255,000
- A quality built 1745 sf duplex under construction
- Spacious 2-storey, 2180 sf, back duplex
- 3 bedrooms at above, living room, dinning room, kitchen, 2 bedroom suite at basement
- The unit features 5 bdrms & 3.5 baths
- 3.5 bathrooms,granite counter top, maple wood cabinets, hardwood floor, HRV system, inter-telecom - Single garage
- Kitchens, living room, family room - Granite counter tops, hardwood floor, HRV system, radiant heat
Vancouver East, Renfrew
Vancouver East, Collingwood
Presale, Build to Suit, 3 storeys plus LWH
Side by Side Duplex, 2 storey w/bsmt under construction
3007 East 6 Ave.
2359 E. 41 Ave., Vancouver
NEW LISTING
$2,238,000
$1,165,000
TM
Members Get It Mortgages With a Members Get It™ Mortgage, you’ll feel like a winner. Not only do you get a great low rate — you also get up to $1,000 in Help Extras™ to put towards an investment like an RRSP or a Tax-Free Savings Account3. Then when it’s time to renew, members get even more Help Extras™. It’s win-win-win. For more info, call 1.888.517.7000, visit us online, or one of our friendly neighbourhood Mobile Banking Specialists can come to you.
- A fabulous Southern view on high side of Renfrew area - Total area 3350 sf on lot size 33 ftx122 ft, 2 storey with basement plus LWH - 8 bdrms, 6 baths, kitchen, living rm, din rm - Granite countertop, maple wood cabinets - Radiant heat, HRV and security system - Buyer to provide own plan & colour choice are welcome
- 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
GORDON LEGG Serving for 33 Years Helping Others Buy and Sell Their Homes
1,2
5-year variable mortgage rate
1 Closed, residential ďŹ rst mortgages only. Interest rate and approval based on risk proďŹ le. Additional fees may apply. If fees apply, the Annual Percentage Rate (APR) could increase. Rates subject to change without notice. 2Initial interest rate and APR, compounded monthly. 3Some conditions apply for Help Extras™. Contact us for details.
NORM FLOCKHART
604-816-9224 33 YEARS
$1,950,000
OF SUCESSFUL REAL ESTATE SALES
(604) 261-7275
````````` 7%07&96= (6-:) `````````
$1,498,800
13 Year Member of MLS Medallion Club
$1,235,000
GORDON LEGG Royal LePage Westside
WHAT'S YOUR HOME WORTH? • 2 Legal Lots • 32.62 x 106.85
604-816-9224 (cell) 604-263-8800 (off)
• 32.62 x 106.46 • Call for details
GORDON LEGG 604-816-9224
Royal LePage Westside - 2107 West 40th Ave., Vancouver, B.C. V6M 1W4
A Real Estate Tradition
HANS & JOHN GUST www.gustrealtor.com
Hans
604-263-8800 Westside
John
PHOTOS AND FLOOR PLANS AT WWW.GUSTREALTOR.COM $1,499,000
GREAT BIG LOT 45Ęź X 152Ęź OPEN SAT & SUN 2-4 PM 3369 NANAIMO STREET. West back yard with lane. 6868 sq.ft. lot. RS-1 Zoning, 2 blocks to Trout Lake Community Centre. Bunglow built in 1948, 2 suites, tenant occupied month to month. 2 car garage. Close to Nanaimo Skytrain Station, clear title. John Gust 604-263-8800
Royal LePage Westside - 2107 West 40th Ave., Vancouver, B.C. V6M 1W4
Duple Zonedx
r Corne Lot
PREC
Westside
961 S.E. Marine Drive NEW LISTING
2 .4 5
%
1911 CHARACTER HOME! QUIET, NON-THRU STREET! This home features 2 BR's on main, full bath, LR/DR combo & Kitchen w/pull-out drawers, swing storage, wine rack & pantry. Den or ofďŹ ce space in Attic. 1 or 2 BR ground level suite. Sunny west-facing deck & yard. 33' x 110' lot. 5325 Chester Street.
Live near The Drive! Live in, renovate or hold for future development. Duplex zoned. Top oor: 3 bedrooms, spacious kitchen / enclosed deck with cedar ďŹ nishing. 4 bdrm family home with easy access to shopping, transportation and downtown. Ground level bottom oor: rec room with ďŹ replace, kitchen, bedroom and utility area. 0-2(% *32+ /)22= PMRHE$PJOLSQIW GSQ PJOLSQIW GSQ
$369,000
D L O S SPACIOUS 1 BR SUITE! #307- 2222 PRINCE EDWARD ST! This 685 sq.ft. 1 BR unit features a large LR, semi-ensuite bath & insuite laundry. Glass sliders from LR & BR to a sunny, westfacing balcony. 1 Pet/Rentals OK! Enjoy Guelph Park, public library, comm. centre & Kingsgate Mall so close by!
$305,000
OVERSIZED 1 BR UNIT! OVERLOOKS PRETTY GARDENS! 772 sq.ft. in this 1 BR & Conservatory/Den ground level suite! Open plan living room/dining room combo. Gas ďŹ replace, insuite laundry & 1 semi-ensuite bath with soaker tub. Pets/ Rentals OK! $305,000. #106-2405 Kamloops Street, Van.
www.normflockhart.com
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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, ďŹ nancing and comparative properties in your area.
Find your expert Real Estate professional right here in REW.ca!
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY M A RC H 17, 2 0 1 6
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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY M A RC H 17, 2 0 1 6
ROYAL LEPAGE CONGRATULATES THEIR
Westside
2015 AWARD WINNERS Susan Ninow
Nick Parente
Provincial Top Ten Individual National Chairman’s Club Lifetime Award of Excellence Diamond Award
Provincial Top Ten Individual Lifetime Award of Excellence Diamond Award
INDEPENDENTLY OWNED AND OPERATED
#201-2107 West 40th Avenue Vancouver, BC V6M 1W4 Ph: 604.263.8800 Fx: 604.263.0864 Toll free: 1.888.661.9311
Sebastian Albrecht & Duncan Brown
John Gust & Hans Gust
Award of Excellence Diamond Award
Lifetime Award of Excellence Diamond Club
William Wat
Evelyn Froese
Monte Hannah
David Scarr
Eleanor Tan
Donna Quan
Lifetime Award of Excellence Diamond Award
Lifetime National Chairman’s Club Lifetime Award of Excellence Diamond Club
Lifetime Award of Excellence Diamond Award
Lifetime Award of Excellence Diamond Award
Lifetime Award of Excellence Diamond Award
Lifetime Award of Excellence Diamond Award
Reg Perry & Leanne Perry
Linda Fong Kenny
Award of Excellence Director’s Platinum
Award of Excellence Director’s Platinum
Ann Hui
Giselle Wong
Robert Valeriote
Paul Lee
Ross O’Brien
Henry Wang
Benjamin Tsang
Rod Mackenzie
President’s Gold
President’s Gold
Award of Excellence President’s Gold
President’s Gold
Lifetime Award of Excellence President’s Gold
President’s Gold
Master Sales
Master Sales
Roy Kang
Katerina Tarbouskas
Colin Lau
Master Sales
Master Sales
Master Sales
Laura Lee
Maureen Chan
Maureen Barnes & Mary Kowal
Barbara Graham
Master Sales
Sales Achievements
Lifetime Award of Excellence Lifetime National Chairman’s Club Master Sales Lifetime Award of Excellence Master Sale
Malkiat Dhami
Judy Ross
Sammy Gill
Ed Brunsden
Edward Chiu
Tom Chung
Simon Chao
Sales Achievement
Sales Achievement
Sales Achievement
Sales Achievement
Sales Achievement
Sales Achievement
Award of Excellence
Westside
INDEPENDENTLY OWNED AND OPERATED
Eva Yu
Fred Wallace
Lifetime Award of Excellence
Award of Excellence
HELPING YOU IS WHAT WE DO...
7• R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY M A RC H 17, 2 0 1 6
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VANCOUVER EASTSIDE
THURSDAY, MARCH 17, 2016
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THE ROYAL AT VICTORIA HILL LIVES UP TO ITS NAME Onni Group unveils the last offering in the sought-after Victoria Hill masterplanned community in New Westminster
I
n the highly sought-after masterplanned community of Victoria Hill, one of the largest and most respected developers in Canada, Onni Group, is once again offering a unique and exciting new project, The Royal. Designed by award-winning Yamamoto Architecture, The Royal will feature two boutique four-storey buildings blending the best of Old World charm with today’s contemporary design. The Royal features only 63 homes, including six townhomes centered on a
beautifully landscaped plaza that will create a gathering place and further encourage the sense of community that has made Victoria Hill so popular with its residents. Thoughtfully designed, these homes will reflect the lifestyle needs of first-time home owners, downsizers and empty nesters. Situated at the heart of the award-winning community, nestled between Centre Pond Park and The Grand Lawn, with heritage trees, paths and greenways, it’s easy to understand why there’s been such a huge response. “The Royal will be the last chance to buy a brand new home in Victoria Hill, a wellestablished neighbourhood with over 40 acres of green space,” says Sam Jenkins, regional sales manager at Onni Group of Companies. “This will be a very limited opportunity and is the final piece of land to be developed at Victoria Hill, which Onni has been building for over a decade now.”
Victoria Hill is attracting a lot of buzz from the immediate or surrounding cities, everyone taken by the natural beauty that surrounds this community. “It’s a much more affordable option and more and more people are moving here for its central location within the Lower Mainland and the bridgeless commute downtown,” he adds. Ranging from 610 to 1,385 square feet, The Royal features spacious one- and three-bedroom homes that include generous outdoor space (with particularly large terraces on all upper-level homes) for entertaining or catching a spectacular sunset. Then there is the private, residentsonly amenities space. It showcases a 1,300-square-foot professionally equipped fitness centre with state-of-the-art weightlifting equipment. As well, there is a wellappointed outdoor lounge for dining and entertaining with direct access to a beau-
tifully landscaped rooftop overlooking the Fraser River with a BBQ area and artificial turf lawn. The Royal offers a truly carefree living experience in this New Westminster community. Starting from $329,900, these beautifully appointed homes are rare today. In addition, your new home is close to transit, shopping and everything an urbanite wants. “The Royal is the final chapter for Victoria Hill,” adds Jenkins. “A pedestrian friendly neighbourhood located right next door to Queen’s Park … people love the sense of community that Onni has created here and really appreciate how connected it is to transit yet hidden away from the hustle and bustle of downtown.” For more information, call 604-5230733, email theroyal@onni.com or visit www.onni.com/theroyal. Open daily from noon to 6pm (except Fridays). Estimated completion is slated for fall 2017.
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