THURSDAY, MARCH 2, 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’s Density Higher than Any Other City in Canada: Census Data
V
ancouver’s population growth may only be the 11th highest out of all Canada’s Census Metropolitan Areas (CMAs) but the city proper has the highest number of people per kilometre, according to new 2016 Census data released February 8 by Statistics Canada. In the first of seven promised tranches of data collected in the 2016 Census, to be released throughout this year, the federal statistics agency revealed population numbers, growth rates and densities for cities, regions, provinces and territories across Canada. The population of Vancouver CMA (Metro Vancouver) stood at 2,463,431 in 2016, which was the third-largest of Canada’s CMAs after Toronto (just under six million) and Montreal (just
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over four million). Vancouver CMA’s population was 6.5 per cent higher than in the 2011 data, which put it in 11th place of all CMAs in terms of growth rate and above the national average. In BC, Vancouver’s five-year growth rate was outstripped by population growth in Kelowna (sixthhighest nationally at 8.4 per cent) and Victoria (eighth at 6.7 per cent). Furthermore, Vancouver’s 6.5 per cent was notably lower than the 9.5 per cent growth it posted over the previous five years in the 2011 Census data. Nationally, the Census counted 35,151,728 people living in Canada as of May 10, 2016, which is up 5.0 per cent since 2011, making it the highest national population growth of the G7 countries. Statistics Canada
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reported, “About two-thirds of Canada’s population growth from 2011 to 2016 was the result of migratory increase (the diff erence between the number of immigrants and emigrants). Natural increase (the difference between the number of births and deaths) accounted for the remaining one-third.” Despite its somewhat slowing growth rate, Vancouver proper (census subdivision, not CMA) had the highest population density in the country, with 5,492.6 residents per square kilometre inside the city limits. Also in the national density top 10 rankings were New Westminster (4,543.4 people/ sqkm), North Vancouver (4,465.1) and Victoria (4,405.8) – putting them respectively in sixth, seventh and eighth place overall.
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That compares with a national density of only 3.5 people per square kilometre overall (compared with 35 people/sqkm in the US). However, Statistics Canada noted that two-thirds of the Canadian population lives within 100km of the US border, in an area just four per cent of Canada’s total size. Vancouver’s 5,492.6 people per square kilometre may be Canada’s highest, but pales in comparison with the densest cities in the world, which are topped by Manila in the Philippines at 41,515 people per square kilometre, according to Wikipedia. Vancouver’s density levels put it in line with the 44th densest conurbation in the United States. To see Statistics Canada’s full breakdown and data tables, go to www.statcan.gc.ca
Real Estate Therapist Radio Show: Five Takeaways from… Deborah Stellingwerff
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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 2 , 2 0 17
Tony Alves
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. 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
Centre Realty 604.435.9477 www.tonyalves.ca • aalves@sutton.com
MASTER
pangt@sutton.com
www.JulianaHo.com Juliiho@gmail.com
R E A LT Y
1636 VICTORIA DRIVE • $1,548,000 1
Vancouver East, South Van 2 storeys with basement 1311 E 63 Ave $1,198,000
OPEN HOUSE SUNDAY 2-4 PM
604.617.0189
JULIANA HO 778-869-9688
ROYAL PACIFIC
www.BaldevSSandhu.com DaveSandhu@royalpacific.com
Teresa Pang
604.889.7008
BALDEV SANDHU & JULIANA HO TEAM
BRAND NEW HOME
- An upgraded 3 storeys house with magnificent Southern view - This superb house features french doors in master bedroom, covered deck, gourmet kitchen - New flooring, new granite counter tops, paintings - 7 bedrms, 4.5 bathrm, living, family & dining rm - Fireplace,radiant heating, bar at basement, triple garage
Vancouver East, Victoria Presale, 2 storeys w/basement plus LWH 2073 27th St $2,125,000 - A high quality, custom built house in 2-storey/basemt, plus Laneway House - Lot 33 x 118.5 ft, 2820 sf of main house, 500 sf LWH, living, family & dining rm - Total 8 bedrms, 7 baths, granite counters, maple wood cabinets, - HRV and high efficiency heating system. - Buyer to provide their own plan and colour choice are welcome!
Bob Bracken
OPEN HOUSE M P SAT & SUN 2-4 NEW LISTING A craftsmen built home near Commercial Drive. By long established builder with the utmost attention to detail, quality and high end finishing’s. Gorgeous layout with over sized windows floods home with natural light. 10’ ceilings on the main, dinning and living room with a floor to ceiling granite gas fireplace. Gourmet kitchen with ample cabinetry, quartz counters and integrated Bosch appliances. Elegant upper floor with 3 bedrooms and high vaulted ceilings. Master bedroom with over sized walk-in closets & a spa like ensuite to die for. Wide plank oak floor throughout, radiant heat, designer lighting and loads of custom mill work. A 22’ x 23’ garage with San Francisco style turn table allows you to drive in and out with ease.
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 CAMBIE 7 UNIT BUILDING ON BIG LOT
7 UNITS
INCOME
482 WEST 17TH AVENUE • 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 $3,588,000
REAL ESTATE WITH CASH FLOW - CALL BOB CAMBIE MULTIFAMILY 6+ UNIT BUILDING HOUSES WITH SUITES 6+ DUPLEX, TRIPLEX, FOURPLEX INCOME UNITS 5PLEX, 6+ UNITS APARTMENT BUILDINGS LAND FOR RE-DEVELOPMENT IF YOU ARE THINKING OF 475 WEST 19TH AVENUE SELLING OR BUYING • Big Char 4 level, 4175 SF Multifamily Building, Gr Income $96,780/yr INCOME PROPERTIES • 6+ Legal Suites, Fantastic Cambie Location, Garage, 33’X122’ RS-7 • Investors, Owner-Occupiers, Shared Ownership Asking $2,988,000 CALL BOB BRACKEN 604-263-2823
Real Estate Investment Think Bob Bracken
www.dexterrealty.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale 1806-111 E. 1ST AVE.
$1,950,000
Taking our Listings Global
Looking for a New Brokerage?
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! 1806-111 E.1ST AVE. Lisa Findlay 778-378-8090
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 M A RC H 2 , 2 0 17
“Your East Vancouver Real Estate Experts!” 609-1040 PACIFIC ST.
$429,000
WEST END LIVING AT ITS BEST! – 1 BEDROOM & 1 BATHROOM AT THE EDGE OF EVERYTHING
GREAT LOCATION CALLS FOR GREAT OPPORTUNITY! $1,875,000
NEW LISTING
Calling all builders, Developers and forward thinkers alike! Nestled in a fantastic little pocket between Strathcona and The Drive are two RT-3 irregular lots forming a whopping 5,865 square feet! Facing South-West, these lots offer open views all the way to City Gate to the West and Terminal Avenue to the South. Across the street lays Trillium Park with its turf fields, playground and dog park. Further West will see the potential relocation of St Paul's Hospital. A truly unique opportunity in an ever growing neighbourhood! RT-3 zoning with potential of 3 dwellings. Build two 1/2 duplexes & an infill house, all 3 could potentially be stratified and sold separately (to be confirmed by Buyer with City of Vancouver). Drive-by first, then call us!
HASTINGS SUNRISE UNIQUE 1914 CRAFTSMAN BUNGALOW IN SUPERB CONDITION 2733 FRANKLIN ST.
Diane Kunic-Grandjean
Ahhh…the life of a West Ender! Easy access to 1st & 2nd beaches, the seawall and beautiful Stanley Park, the Aquatic Centre and a 5 min ride on the Aquabus to Granville Island! Imagine enjoying all of this and so much more on a daily basis, from your very well-laid out 1 bedroom & 1 bathroom apartment overlooking beautiful Pacific Height Heritage row houses. Entertain your guests from your fully renovated open concept modern & functional kitchen and set up your dining table to sit 10 of your friends. Your living room will accommodate a variety of sittings while leading you onto your covered year-round enjoyable balcony (BBQ allowed). Your bedroom offers an oversized closet & easily fits a queen size bed. Storage galore throughout. Don’t forget to bring all your wall art, it will find its place throughout this appealing, modern, comfortable and unique home. Comes w/ a storage locker. Cats allowed (2 max). Sorry, no dogs. Have you started packing yet?
NEW LISTING
525-527 MALKIN AVE.
Lisa MacIntosh
$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!
TROUT LAKE - WESTCOAST MODERN SOUTH FACING 1/2 DUPLEX 3 BED - 2.5 BATHS 1785 E.14TH AVE.
$1,125,000
A Westcoast flair & unusual layout, this South facing modern 1/2 duplex provides a well laid-out floorplan offering a very generous living room w/ fireplace & family area, a dining room able to host numerous guests, adjacent to a wonderfully appointed kitchen w/ custom cupboards, stainless appliances & granite countertops. Powder room and laundry also on the main. The top floor won't disappoint: 3 bed & 2 bath, of unusually ample size-especially the master bedroom & its ensuite! Fantastic amount of natural light, in-floor radiant heat, storage galore & a powder room on the main floor. BONUS: detached garage turned into a storage & office space! Enjoy a covered porch, large front garden & a short walk to Trout Lake & its Farmer's market. Just steps to the "Drive" and all it has to offer.
UPPER LONSDALE MILLION DOLLAR VIEW AT A THIRD OF THE PRICE 320-3080 LONSDALE AVE.
$299,000
1 bed, top floor, West facing property in Upper Lonsdale 1 bath – 756 sq.ft. + 80 sq.ft. of covered balcony! When was the last time you stepped into a 836 sq.ft. (incl. balcony) 1 bed top floor West facing property in Upper Lonsdale! Enjoy cooking in your fully renovated modern kitchen w/ it’s unique pantry, while entertaining your guests in the adjacent extremely spacious dining room. Cozy up on your full-size sectional in the living room while taking in the views through big sliding doors letting in lots of natural light. A King size bed will easily fit your spacious bedroom w/ its very own walk-in closet! 80 sq.ft. balcony to BBQ away! Laundry on each floor and yours is across your hallway, including supplementary storage. Lots of in-suite storage, storage locker, one parking. 1 cat or dog allowed. Very well maintained bldg. with easy access to the fun that North Van has to offer. Bring your house-sized furniture, art for the expansive amount of wall space, and your fake tree as you well may be home for Christmas!
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
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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 2 , 2 0 17
OPEN HOUSE MARCH 4TH/5TH SATURDAY & SUNDAY 2-4PM NEW LISTING!
3952 WEST 18TH AVENUE
$2,938,000
Fabulous Dunbar character RENOVATED 3-level home with south-facing backyard! Enjoy one of the best streets in Dunbar, blocks to Lord Byng and Pacific Spirit Park jogging trails, and 3-minute drive to UBC. This home has completely rebuilt top level (2000), new kitchen/ bathrooms (2005), updated basement (2006), professionally landscaped (2009). This family home is ready to move into and enjoy the Westside lifestyle. View photos online and join us for the open houses March 4/5th (2-4pm). This one will not last!
OPEN HOUSE MARCH 4TH/5TH SATURDAY & SUNDAY 12-2PM NEW LISTING!
3105 WEST 24TH AVENUE
$2,580,000
Gorgeous CITY, MOUNTAIN, AND SOME WATER VIEWS from this prime Dunbar view home! The perfect 33x122 lot with RS5 zoning on quiet street complete with 3 level good sized character home. Restore, renovate this beauty, or build your dream home on this property – whatever you do, this is the one! Great central location for schools, shopping, and easy access to downtown, UBC, and airport from here. This home will not last long, view photos online and join us for our open houses Sat/Sun March 4/5th (12noon-2pm).
$2,500,000
888 WEST 23RD AVENUE
A rare offering of a newer designer home in highly desirable Douglas Park neighborhood! Don’t wait to view this stunning 5-bedroom, 3-bathroom home on three levels BUILT IN 2007! Enjoy a SOUTH FACING BACKYARD, private garage, and excellent authorized 2-bedroom suite (890 W 23rd Ave) for additional revenue! This home has everything you are looking for and more: gourmet kitchen (with Fisher Paykel/Bosch appliances, kick-vac, etc.), air con, Nest thermostats, NuHeat in-floor heating in Kitch/bathrooms, smart monitor w/unlock, built in vacuum, lots of well-thought storage within, plus two crawl spaces including one that spans the entire house and filled with natural light. Home built by award winning Victor Eric Design & featured in Spectacular Homes of Western Canada! View photos online.
$2,188,000
2469 EAST 40TH AVENUE
This is your chance to buy one of the last remaining 66’ lots on the eastside of Vancouver. Moreover, this home sits on a full 66x140 lot with RT-11 zoning in Vancouver’s prime Killarney/ Collingwood neighbourhood! This family home was built in 1946 and is a classic wartime 2 br bungalow and is within walking distance of shopping, services, and schools. All sorts of options with this property including subdivision, development, etc. View photos online.
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY M A RC H 2 , 2 0 17
OPEN HOUSE MARCH 4TH/5TH SATURDAY & SUNDAY 12-2PM NEW LISTING!
$610,000
Fabulous 2 br, 2 bath unit with 869 sf of well laid out living area in prime corner suite in this RAINSCREENED BUILDING, The Casablanca! Great open plan with some updates and ready for your personal touches. Don’t miss owning an executive sized home in this highly sought after Fairview pocket. Practical pluses include great outdoor balcony, underground parking, additional storage locker, insuite laundry, and wood burning fireplace! Walk to VGH, City Square Mall, Cambie corridor and West Broadway shops/restaurants. Pop over bridge to downtown and take Canada Line to airport. Building allows small pets, rentals allowed (min 6 mo), and Bbq friendly. View photos online and join us at our open houses Sat/Sun Mar 4/5th (12noon-2pm).
#309-888 WEST 13TH AVENUE $3,388,000
E LIST SOLD ABOV
$2,285,000
$2,488,000
VE LIST O B A Y A W D SOL
VE LIST O B A Y A W D SOL
3563-65 WEST 1ST AVENUE
4125 BLENHEIM STREET
2446 WEST 16TH AVENUE
Wow! Finally, a full 40’x120’ RT8 zoned lot with 8-bedroom 3500+ sf character home, NORTH OF 4TH AVENUE. Don’t wait to view this rare beauty! Live in an early century 1936 restored family home or take advantage of duplex zoning for additional legal revenues (legal duplex w/suite). Also fabulous redevelopment opportunities on this site as well. Renos include: Garden suite (2010), Bathroom updates (2012), Landscaping (2014). Enjoy and restore the original character in this classic 3-level home in prime location a block from the water, walk to Jericho/ Kitsilano beaches or 4th Avenue shops, restaurants, cafes. The best living in Vancouver can be enjoyed from this warm and bright home. View photos online.
COMPLETELY RENOVATED HOME from top to bottom! Fabulous single family home with mortgage helper sitting on south-facing backyard 33x130 RS5 lot. Nothing to do here but move in and enjoy your new home (plus revenue stream). 2014 Reno includes completely gutted and rebuilt main floor: new insulation, new kitchen, new appliances, all new bathrooms, new flooring, new lighting, fixtures and upgraded electrical and plumbing. Separate washer/dryer up and down. Basement has all new bathrooms, lighting, appliances, w/d, new high efficiency furnace. Practical pluses include: 2 fireplaces (gas/wood), giant in-building 2 car garage. Exterior painted, and new private main floor south-facing deck for entertaining. It’s all been done here! Current rents are amazing $3900/mo. on main, and $2700/mo. down. View photos online.
Incredible opportunity to purchase a very rarely available 50X150 LOT with lane access in prime Kitsilano location! Lot is perfectly rectangular and offers south facing backyard that feels as big as your very own park. Solid bungalow home with mature garden full of rare plantings. Home is ready to move into, or perfect to renovate and expand, or build to 70% of the lot area, with a new house of 5250 sq. ft., and a laneway house of 898 sq. ft (pending city approval). Great access to shops, UBC, Choices Market, Starbucks, and all Kitsilano has to offer! In Trafalgar French Immersion Elementary and Prince of Wales Secondary catchments. Photos and details online.
$674,800
$425,000
SOLD
E LIST V O B A Y A SOLD W
$528,000
E LIST SOLD ABOV
#1005-811 HELMCKEN STREET
#302-1352 WEST 10TH AVENUE
#2009-111 W. GEORGIA STREET
FULLY RENOVATED fabulous northwest facing corner 2 bedroom, 2 bathroom executive condo with BALCONY! This home is ALL NEW with brand new bathrooms (fixtures, Italian 24x24 marble, etc.), completely rebuilt kitchen (new cabinets, quartz counter, appliances, lighting/flooring), all new flooring in suite and fully painted. This beautiful home is ready to move into and enjoy, it’s all been done! This CONCRETE Building has gym, games room, and terraced garden located above Starbucks and blocks to water, restaurants, theatre district and all Vancouver has to offer. Strata allow 2 pets with limited rentals at max. Comes with one underground parking stall (#217 on P2) and additional storage locker.
Incredible top floor corner large 1 Bedroom + Den (easily 2nd bedroom) FULLY RENOVATED in popular Tell Manor RAINSCREENED BUILDING! All the boxes are checked on this executive home. Enjoy recent renos including: new kitchen (with granite counters, full stainless appliance package, cabinets) insuite washer/dryer, new bathroom (heated floors, vanity, fixtures), lots of custom millwork throughout, etc. etc. Oh! and don’t forget the generous outdoor balcony w/MOUNTAIN VIEWS for those lazy summer day barbeques. Walk to all your favourite Granville Heights stores, Granville Island, and minutes to downtown from this quiet street. Practical pluses include: secure underground parking (#16), additional storage locker (#15), the snap/crackle of a wood burning fireplace, and a bright open floor plan! Maint fees: $353/mo. Building is cat friendly but sorry no rentals. View photos online.
Beautiful 655 sf VIEW UNIT 1 Bedroom + Den + Solarium! Don’t miss viewing this perfect condo in Vancouver’s sought after Spectrum 1 Concord Development. Excellent plan with generous room sizes and efficient layout. Views to False Creek with eastern exposure. Unit comes with secure underground parking stall (#229), and insuite laundry. Building is fully loaded with indoor pool, gym, Jacuzzi, 24 hour Concierge, even a steam and yoga room! Maintenance fees only $296/mo. Walk to all downtown has to offer: restaurants, the game, theatres, seawall, Costco, Tinseltown, T&T, Library, Skytrain, etc. It’s all within walking distance of your new home. View photos online.
$488,000
$2,988,000
$2,088,000
$2,980,000
$2,680,000
SOLD SOLD SOLD SOLD SOLD #315-788 HAMILTON ST. $2,980,000
SOLD 3562 WEST 1ST AVENUE
180 WEST 61ST AVENUE $2,890,000
3481 WEST 7TH AVENUE $3,380,000
3642 WEST 2ND AVENUE $2,550,000
6829 ASH STREET $2,380,000
SOLD SOLD SOLD SOLD 3315 WEST 15TH AVENUE
5951 BLENHEIM STREET
3306 WEST 14TH AVENUE
3602 WEST 3RD AVENUE
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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 2 , 2 0 17
NORM FLOCKHART
PREC
(604) 261-7275 13 Year Member of MLS Medallion Club
OPEN SAT & SUN 3-5!
$1,400,000
604-644-0065
BRENT@BRENTEILERS.COM
TI
NG
EW
LIS
THE EXPERIENCE TO INFORM THE CONFIDENCE TO ADVISE FOCUSED ON RESULTS
Greater Vancouver Real Estate Board
Life Member
www.brenteilers.com
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LONG TERM OWNERS! WELL BUILT FAMILY HOME! 3 BRs on Main in this solid 2282 sq.ft. home from 1968. 1-1/2 Baths (2 pce Ensuite). In-laid oak flrs in big LR & DR. Kitchen tastefully updated 2 yrs ago. High Bsmt w/ a 4th BR, Den, Rec Rm, 3 pce Bath & Laundry! Easy to suite! 5186 Windsor Street, Van. OPEN SAT & SUN 12-2!
$329,000
Vancouver Heritage Classic...125 Boundary Road
BIG SUITE! AFFORDABLE LIVING! This 987 sq.ft. 2 BR, 1-1/2 Bath unit is excellent value! Ground floor, corner suite faces south w/2 covered patios. Gas fireplace, full size insuite laundry pair & built-in buffet & hutch. Solid bldg. L3 - 1040 Fourth Ave., New West
www.normflockhart.com
Hurry to view this charming up-dated 3-4 bedroom 2400 sq. ft. character home originally built in 1928. Outstanding convenient location just one minute from the highway access, and close to everything. Easy care corner lot plays much bigger than its’ size. Stunning wide open views of city, ocean, and North Shore mountains. Fabulous landscaping including three private patio areas for entertaining. Interior has been tastefully updated preserving the old hardwoods and coved ceilings with the newer kitchen and bathrooms. Spectacular master bedroom with expansive views from your bedside. Extra accommodation down. Wow!!...only $1.598 mil. Masters, 200-1455 Bellevue Ave. West Vancouver, BC
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY M A RC H 2 , 2 0 17
GRAND OPENING S AT U R D AY, M A R C H 4 T H AT N O O N - 3 F U L LY D E CO R AT E D S H OW H O M E S I N M A P L E R I D G E -
Dewdney Trunk Rd EARS GOLDEN BRIDGE
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MAPLE RIDGE Downtown Ha
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Kanaka Way
Pa
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Slatford St
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.
Lougheed
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104 Ave gh
Wynnbrook’s 3 and 4 bedroom family homes are all 3 storeys above ground which feature daylight basements for optimal light and livability.
Sales Centre Open: Noon - 6pm (Except Friday) 604.380.4708
m s t a r h o m e s .co m
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VANCOUVER EASTSIDE
THURSDAY, MARCH 2, 2017
Looking for a new home? Start here.
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Only Eight Completed New Townhomes for Sale in Entire Metro Region: UDI Report
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here were just eight completed and unsold new townhouses available across the entire Metro Vancouver region as of December 31, 2016, according to the Urban Development Institute’s (UDI) State of the Market 4thQ 2016 Research Report published February 20. The quarterly report – which is compiled by research group Urban Analytics on behalf of UDI Pacific Region and examines local new home sales, housing supply and population growth – reveals a severe shortage of new home inventory despite record housing starts in 2016. Anne McMullin, UDI Pacific Region president and CEO, said, “The report
confirms that doing nothing, blaming foreign buyers, or introducing new, punitive taxes have not made housing more plentiful or affordable for homeseekers. “We need more houses for more people, especially along rapid transit corridors. We have plenty of available land, but 85 per cent of it is locked up as restrictive, single-family zoning, meaning no multifamily condos, townhomes, rowhomes, duplexes or even sales of laneway homes are permitted. “Coupled with years of delays in multifamily building approvals, rising land costs and lack of available land to build
on … home-seekers can count on prices to keep rising.” McMullin added, “We all have to share in the solutions and consider the greater good and community health.” The report cited low inventory across all property types, highlighting new-build condo-apartment units in particular. It said, “At the end of Q4 2016, there were a total of 3,416 new multi-family homes available to purchase, which is down 30 per cent from the same quarter last year and still near historic lows. Low released and unsold inventory levels continue to be a primary contributor to the lack of new home affordability across the region.” New Home Sales Recovering Following a slower third quarter of 2016, sales of new condo units in Metro Vancouver recovered by 46 per cent in
Q4. The report said, “A combined total of 4,347 new multi-family home sales were recorded in Q4 2016 and while this total is down 15 per cent from a near-record total recorded in Q4 2015, note that they were up 46 per cent from last quarter.” Population growth remains on a steady growth trajectory and continues to be a key contributor to a strong housing market, according to the report, with Metro Vancouver’s population up 30,700 residents over the past year. The report also looked at global economic factors affecting local real estate, including the election of Donald Trump as US president and his recent travel ban on seven countries. The report added, “While the ramifications of this policy are uncertain, our stance is that immigration controls such as these only further elevate the status of Canada as a safe and desirable place to immigrate to.”
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