THURSDAY, MARCH 3, 2016
VANCOUVER EASTSIDE
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BC Budget 2016: First-Time Buyers Sidelined, Local New Home Buyers Win
I
t doesn’t matter if you’re a first-time buyer or not – the province is focusing the much-needed affordability measures in its 2016 BC Budget towards buyers of newly built entry-level homes, Finance Minister Mike de Jong announced February 16. In an unexpected move, which had been widely predicted to be a cut in Property Transfer Tax (PTT) specifically for first-time buyers, de Jong announced that buyers of new homes up to $750,000 in value will no longer have to pay PTT (although GST still applies), effective February 17. This exemption is available to Canadian citizens and permanent residents only, and is exclusively applicable to primary residences, with strict occupancy requirements. For those who meet the criteria, the change will save buyers of new homes up to $13,000.
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To help pay for this, the province is raising PTT on homes worth more than $2 million from two to three per cent, on the portion of the value above $2 million. The third major housing initiative announced was the collection of data on foreign ownership. From this summer, everybody buying a home in BC will be required to state whether they are a citizen or permanent resident of Canada, and if they are not, they must disclose their country of citizenship. In corporate property purchases, the directors of the company must disclose their citizenship. However, the announcement did not state what such data would be used for. The budget presentation slides pointed out that this kind of data collection was stopped in 1998 due to “compliance costs
and lack of data use” and added that there is now “a consensus that the data are required.” De Jong also said that the BC government would be working with municipalities to “reduce the hidden costs in home purchases, and make those costs clear and transparent to home buyers.” The British Columbia Real Estate Association was quick to respond to the measures, largely offering its support. In a statement, it said, “Collecting and analyzing information on real estate transactions will help the provincial government make fact-based policy decisions. BCREA welcomes this initiative and looks forward to having the data publicly available.” The association was more measured in its response to the PTT changes. “The PTT exemption for new homes up to $750,000 will help stimulate supply of new housing and provide more opportunities for home ownership across the province. This exemption is commendable, however with many new housing projects taking years to complete, it may not have the immediate
Whoʼs Buying What? A Look at Trends in Vancouver Real Estate
Virtual Tour of Michael Jacksonʼs Neverland Ranch, Listed for $100m
impact desired by the government.” It also said that the other changes to Property Transfer Tax did not go far enough. “While the new three per cent threshold for properties over $2 million is intended to pay for the new home exemption, the province has missed an opportunity to raise the existing threshold levels to provide broader PTT relief for those who cannot afford a newly constructed home and who are not first time homebuyers.” The association added: “By not indexing the threshold levels, the province ensures that – in an environment of rising home prices – an increasing number of homes will fall within the new three per cent threshold, resulting in a higher tax burden on more home buyers.” It concluded, “The BCREA continues to call on the provincial government to: • Increase the 1% PTT threshold from $200,000 to $525,000; • Index the 1% PTT threshold using the MLS® Home Price Index, and make adjustments annually; • Index the exemption threshold for the First-Time Home Buyers’ Program using the MLS® Home Price Index, and make adjustments annually.”
Photo Gallery: Stunning Burnaby Home Renovation, Before and After
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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 3 , 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.
BALDEV SANDHU & JULIANA HO TEAM Top New Home Construction Award Free Market Evaluation. Sell your house fast. Buyer with Cash looking for building lot. Custom build your dream house.
Diamond Master Medallion
BALDEV SANDHU 604-880-9571 www.BaldevSSandhu.com DaveSandhu@royalpacific.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
- 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
26 West 14th Ave $1,199,000
$1,165,000
Open House Saturday & Sunday March 5 & 6th, 3 - 5pm Bright & spacious 1550 SF this top floor Victorian, heritagestyle conversion townhouse located on a quiet tree lined street. The main floor open floor plan kitchen has a polished granite counter and breakfast bar which looks onto the dining area with south facing windows & a south deck.
- 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
west coast realty
604.714.1700
Salim Shivji 604.328.3521 GOLD MASTER
Sutton Group - Seafair Realty
ALYSSE ROGERS
www.salimshivji.com salshivji@shaw.ca
“A NAME EASY
TO
cell: 604.818.1329
shesellsvancouver.com | arogers@sutton.com
RECOMMEND”
JUST LISTED!
$1,199,000
Sutton Group - West Coast Realty 301-1508 Broadway
JUST LISTED
1549 Bowser Avenue Offered at $788,000 DOWNSIZE OR UPSIZE - Works for All!
PERFECT YOUNG FAMILY HOME! Everything is done! Superbly updated and in mint condition! Main floor features a living area with gleaming original hardwood floors, contemporary kitchen with eating area, dining area leading onto a huge 400 SQ. FT sunny deck with view of North Shore Mountains and 2 good size bedrooms. Plus, a very nicely finished lower floor walk out basement area that is self-contained. Gorgeous designer colours throughout. The place shows beautifully with plenty of sunlight! Approx 35' X 100' lot.. Double garage too! The home is located in a very desirable Fraser neighbourhood in Vancouver East. Steps to Sir Alexander Mackenzie Elementary and public transit. All in all a fabulous home! Nothing to do but move in!!
5606 CHESTER STREET, VANCOUVER OPEN SAT 2 - 4 PM MARKET FRESH!
$738,800
"SOUTHWIND" - SUPER IRONWOOD LOCATION! Outstanding larger Deluxe Townhome in very desirable "SOUTHWIND"! 6 years young & meticulously maintained by current owners! Over 1,560 sq.ft. Living area, featuring a Great Room Concept floor plan, Living/Dining with feature Gas Fireplace, Gourmet Kitchen with Adjoining Dining/Family area, High end Energy Efficiency appliances, All Designer colour schemes throughout, and so on! 4 Bedrooms, 2.5 Baths & a Huge Side by side Double Garage plus additional parking for 2 more vehicles! The features list is too long - Call for more details & come see this gorgeous unit at our First Open Sunday!
#19 - 10711 NO 5 ROAD, RICHMOND OPEN SUN 2 - 4 PM
OPEN HOUSE
Sat March 5th, Sun March 6th 2-4 pm
Move in ready! Beautiful 3 (easily 4) bedroom townhouse with a renovated kitchen that appeared in Houzz.com Over 1850 sq ft. END corner unit which means more windows, more light and way more outdoor space. BBQ all year round on your 255 sq ft covered patio while guests enjoy the West facing sunsets over Norgate park. Tons of storage, rec room, full laundry room, and front and back doors. This truly feels like a house without the million $ plus price tag. North Shore offers great community, schools and lifestyle for all ages. Convenient location: easy to get downtown. Visit my website for floor plan and more photos.
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY M A RC H 3 , 2 0 1 6
Over 35 years of proven results and consistently in the top 1% of the real estate industry.
LORNE GOLDMAN 604.263.1911
Personal Real Estate Corporation rporation
lorne@vancouverresidence.com
www.vancouverresidence.com
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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 3 , 2 0 1 6
LAN 3447 WILLIAMS ST.
$1,399,000
ABOVE THE CROWD! 20 Years experience combined
JIN BAGRY 604-644-0495
SAM BAGRY 604-761-1664 CALL US FOR A FREE HOME EVALUATION
www.vancouver-homes-on-sale.com
Top 1% of all Realtors for 2014/2015 with over 200 Homes sold in 2 years! NEW LISTING
$838,000 each
NEW LISTING
$999,000 EACH
NEW LISTING
$1,499,000
NEW LISTING
$1,688,800
NEW LISTING
$838,000 each
SOLD 2 LOTS - 33.5 X115 each 1170 / 1178 / 1180 EAST 12th AVE.
OPEN SUN 2-4 PM
LOT 4,026 S.F.
1160 / 1188 EAST 12th AVE. • Built 2015, 2 Storeys, 1,164 s.f each • Open concept layout, 2, 5, 10 year warranty • Top quality built front and back duplexes. • Each has 3 bedrooms, 3 baths, 1 car garage • Central location, minutes to downtown • Granite counters, crown mouldings
NEW LISTING
$349,000 each
LOT 3,307 S.F.
3807 LANARK ST.
96 EAST 41st AVE.
• 2 levels with 3 bedroom & 2 1/2 bathrooms • Central Cedar Cottage neighbourhood • Charles Dickens Elem. & Charles Tupper Sec. catchment • Stainless steel appliances, granite countertops • Views of the North Shore mountains
NEW LISTING
11287 90th AVENUE
• Corner property • 3 suites with their own extrance, rents approx $4000 a month • Fully renovated in 2010 • Quality worksmanship • Easy access to UBC, Oakridge Mall
$999,000
NEW LISTING
NEW LISTING
LOT 11,335 S.F. • Huge quality built 3 level mansion for sale • 5528 sq.ft. house, legal suite in basement • Total of 11 bedrooms, 8 washrooms • Top of line appliances • Close to school and quick access to Vancouver • Located in one of best area of North Delta
$2,488,000
NEW LISTING
$1,199,000
$838,000 each
SOLD 2016 & 2018 EAST 12th AVE. $1,050,000
$1,760,000
SOLD
COMING SOON CUSTOM BUILT HOUSE
BUILD TO SUIT
677 E. 59th AVE. 1468 E. 21st AVE. LOT 7,250 S.F.
#301 & 304 189 ONTARIO PLACE
7937 10th AVE.
• Mayfair - HIghly sought after building • Uppe floor 1 bed & 1 full bath, east facing (#301) • Upper floor 2 bed + 2 full baths, north facing (#304)
• Central location, prime lot • 2 bdrm rancher currently rented • Steps to shopping, transit, recreation • Build 2 level 2600 sqft and a nanny house in back lane 600 sqft
7 RANELAGH AVENUE
6195 BEATRICE ST.
$1,349,000
SOLD
• LOT VALUE! • It's on the higher side of popular Capitol Hill • Minutes drive to park, Ecole Capital Hill Elem., Burnaby North High school, SFU • GREAT BUILDING LOT! 2914 & 2920 W. 41st AVE. 1626 E. 51st AVE.
• Prime location. Level corner lot • 7 bedrooms, 4 bathrooms • Custom built 2,800 sqft house • 3 level home • Laneway house
Bob Bracken
$1,760,000
LOT 33X121
LOT 33X117.5
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
Real Estate Investment Think Bob Bracken
MOUNT PLEASANT 4 SUITE HOUSE PLUS
NEW LISTING!
4+ UNITS!
COMMERCIAL DR 8 UNIT APARTMENT BLDG MOUNT PLEASANT BIG INCOME PROPERTY CAP 8 NEW 5+ RATE UNITS! LISTING! UNITS! 4.1%!
975 EAST 11TH AVE
2313 VICTORIA DRIVE
497 EAST 10TH AVE
• Character, 2700 SF, Multifamily, 4 Suite House “Plus” • 2X1 Bdrm, 1 Bdrm & Den, Bachelor & Add’l Studio • Updated, Inc $60,240/yr, Potential Inc $72,000/yr • Investors, Owner-Occupiers Asking $1,699,000
• 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
• Huge 4650 SF, Character Multifamily Building • 49’X124’ Corner RT-5 Lot, Nice Quiet Street • Gr Inc $105,000/yr. Potential for Add’l Revenue • Investors, Owner-Occupiers Asking $2,450,000
MT PLEASANT MULTIFAMILY FIXER UPPER SOLD 4 OVER UNITS! ASK!
COMMERCIAL DRIVE 3 SUITE HOUSE
REAL ESTATE WITH CASH FLOW CALL BOB
NEW LISTING!
3 UNITS!
850 EAST 12TH AVE
2049 VENABLES STREET
• Fixer Upper, 4 Suite House Plus Add’l Revenue • 3 Lvl, 3005 SF, 1X2 Bdrm, 1X1 Bdrm, 2 Bachelor • Gr Inc $40,860/yr, 420 SF Garage with Power • Renovate/Dev to Add Value. Asking $998,000
• Big Commercial Drive Area 3 Suite House • 1X2 Level 3 Bdrm Suite, 2X1 Bdrm Suites • 33’X122’ RS-1 Lot, Nice Quiet Street • Investors, Owner-Occupiers Asking $1,299,000
HOUSES WITH SUITES DUPLEX, TRIPLEX, FOURPLEX 5PLEX, 6+ UNITS APARTMENT BUILDINGS LAND FOR RE-DEVELOPMENT IF YOU ARE THINKING OF SELLING OR BUYING INCOME PROPERTIES CALL BOB BRACKEN 604-263-2823
HOUSES DUPLEX TRIPLEX 4PLEX 5PLEX 6+ UNITS APARTMENT BUILDINGS DEV SITES
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY M A RC H 3 , 2 0 1 6
“Your East Vancouver Real Estate Experts!” NEW LISTING
$599,000
Lisa MacIntosh
Diane Kunic-Grandjean
BEST HIDDEN GEM IN MOUNT PLEASANT – 2 BDRM, 1.5 BATH, 2 BALCONIES & 2 PARKING! Best hidden gem in the heart of SOMA! Positioned on the North East & West corner with city & mountain views, this 2 bedroom unit is filled with natural light coming through windows on all 3 sides! An entertainer’s delight with its well-appointed modern kitchen opening onto a large dining area & a very roomy living room with gas fireplace & balcony perfect for BBQing (bring your housesized furniture). Spacious master bedroom with its own 2 piece en-suite, and a 2nd guest bedroom with access to a large balcony. Both bedrooms are set away for utmost privacy. Bonus: 2 parking! Insuite laundry, lots of in-suite storage, separate storage locker and pet-friendly, all in a very well-cared for building with depreciation report, roof (2010) & exterior paint (2012). 202-2621 QUEBEC ST.
HASTINGS SUNRISE$1,389,900 – UNIQUE CHARACTER HOME WITH NORTH SHORE VIEWS 2520 TRIUMPH ST.
$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 level, 7 bedroom and bathroom home is divided into two suites: basement and 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 its one-of-a-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 await your crops and there’s a 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.
1914 HASTINGS SUNRISE FAMILY HOME $1,198,800
OCEAN, MOUNTAINS & CITY VIEWS, 2 BED, 2.5 BATH TOWNHOUSE, 1 BLOCK FROM KITS BEACH NEW LISTING
$874,900
Ocean, mountains & city views from this 2 bed, 2.5 bath NE corner townhouse on two levels located a block away from Kits beach (North of 4th). Sweeping views from every angle of the open concept top floor with its well-appointed kitchen and adjacent spacious dining room, comfortable living room with cathedral ceiling & skylight. Cozy up in from of your wood-burning fireplace while enjoying your views through large windows & French doors opening onto one of your two large covered balconies. Downstairs offers the master bedroom w/ ensuite & views, a guest bedroom w/ custom built Murphy bed & desk. Both bedrooms access your 2nd covered balcony. 1 pkg & 1 big storage, minutes away from all that Kitsilano has to offer! This is comfort living at its best. 13-1620 BALSAM ST.
ABSOLUTELY CHARMING CHARACTER HOME
Beautifully renovated 1914 character home with fantastic VIEWS towards the Mountains. Entertainerʼs kitchen with granite countertops, S/S appliances with gas stove. Lots of original character including w/b fireplace, Fir mouldings, coved ceilings & 2 claw foot tubs. 3 bdrms on main & 2 bdrms & den down for the garden level suite. Fenced backyard w/ full veggie garden. Fantastic Hastings Sunrise location, 1 blk from restaurants & shopping. Laneway house potential. 2727 FRANKLIN ST.
$1,198,000
Charming character home in the heart of Hastings Sunrise. Perfect family home w/ 5 bdrms, huge master bdrm & a very bright 2 bdrm suite Original fir floors, wood burning f/p & tons of windows, offering a lovely country cottage feel. The master bdrm is truly a retreat with 10 ft. vaulted ceilings, 4 pce en-suite & a stunning VIEW to the Mountains. Detached Artistʼs studio in the back yard. currently used as a workshop & rented for $700/month. Steps to shopping & schools. 2559 WILLIAM ST.
L i s a M a c I n t o s h Te a m - D e x t e r A s s o c i a t e s R e a l t y Medallion Club - Top 10% of Realtors in Greater Vancouver Photos & Visual Tours at: www.lisamacintosh.com Email: lisa@lisamacintosh.com Tel: 604-263-1144
RON BASRA 604.230.9899
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DEXTER ASSOCIATES REALTY
1756 E 13th Ave, Vancouver CHARACTER, CLASS & STYLE!
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$ 1,298,000 ͼ 3 Beds/4 Baths - Half Duplex ͼ HRV/Security System/Video Camera ͼ Covered Area - 1608 Sq.Ft. ͼ ,Q )ORRU Radiant Heating ͼ All Appliances included ͼ All Window Coverings included ͼ 6LQJOH 'HWDFKHG *DUDJH ͼ Walking distance to Schools ͼ Walking distance to Trout Lake ͼ Walking distance to Commercial Drive
OPEN HOUSE Select Realty
Sat, March 5 - 1pm to 4pm Sun, March 6 - 1pm to 4pm
Each Office independently owned & operated
The enclosed information while deemed to be correct, is not guaranteed. Buyer must verify all the info. This communication is not intended to cause or induce breach of an existing agency agreeement.
SKIPSHOMES.COM CATHIECLINE.COM
604-263-1144
OPEN SAT/SUN 2-4PM 340-2390 McGill St.
$249,900
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 » VA N COU V E R E ASTS I D E » T H U RS DAY M A RC H 3 , 2 0 1 6
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 Quality built by
Call for more details
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.
New Recreation Home @ Whiskey Jack Golf Resort, Sparwood, B.C. Asking $469,000 CAN.
www.dexterrealty.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale NOT ON MLS!
$1,599,000
Taking our Listings Global
Skifernie.com
The True Meaning of Luxury 3 bed penthouse in the heart Vancouver with exquisite views of downtown & mountains. Private rooftop patio. Extremely rare opportunity (not even listed on MLS) - avoid bidding wars by acting fast! Assignment, call for details. 1806 - 1695 Main Street. LISA FINDLAY 778-378-8090
Hike the Rockies Be part of new Golf Course Development with new 2266 sq.ft. 3 bedroom on 2 levels which could have added security of legal suite & rental of $1,400 per month.
Fish in Elk River
Details: Bill Babcock 604-230-9392 bbabcock@telus.net Google: 2075 Golden Eagle Drive, Sparwood, B.C.
Sterling Realty INDEPENDENTLY OWNED AND OPERATED
Waterfront Estate on Shuswap Lake Home on the lake in a Recreation paradise East of Kamloops
868 KINGSWAY
$355,000 Tour the lake in your own boat
$2,200,000
Large 4 bedroom home on 3.2 acres
CAD
w/2 guest homes & storage buildings Huge lawn for garden / sports
Registered Dock with Boat Launch, Float Plane Tie Up, 126’ frontage & sandy beach
2 titles included so BUY with friend or relative
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
Details: Bill Babcock bbabcock@telus.net 604-230-9392
Sterling Realty INDEPENDENTLY OWNED AND OPERATED
Google: 829 Armentiers Road, Sorento, B.C. online
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NORM FLOCKHART
PREC
LAURA NAPUTI 604.446.5324 • www.laurasellshomes.ca
(604) 261-7275 13 Year Member of MLS Medallion Club
OPEN HOUSE SUNDAY 2-4 PM
OPEN SUN 1-3!
$1,235,000
2226 E 1st Avenue – Price Reduced $1,288,000
Nicely updated 1957 Bungalow; 3 bedrooms upstairs and 2 bedroom suite in basement currently rented for a combined $3,500/ month. Original hardwood oors have been restored. All new double windows and Energy upgrade in 2010 including new furnace and insulation. Beautiful wooden deck and detached garage in fenced backyard. Almost 5,000 sq. ft. lot (42.74 x 114.96) with lane access.
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.
GORDON LEGG Westside
604-816-9224
961 S.E. Marine Drive NEW LISTING
$305,000
OPEN SAT 1-3!
Serving for 33 Years Helping Others Buy and Sell Their Homes
33 YEARS
$1,950,000
OF SUCESSFUL REAL ESTATE SALES
GORDON LEGG Royal LePage Westside
WHAT'S YOUR HOME WORTH? • 2 Legal Lots • 32.62 x 106.85
★
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.
604-816-9224 (cell) 604-263-8800 (off)
• 32.62 x 106.46 • Call for details
OVERSIZED 1 BR UNIT! OVERLOOKS PRETTY GARDENS!
GORDON LEGG 604-816-9224
www.normflockhart.com
Royal LePage Westside - 2107 West 40th Ave., Vancouver, B.C. V6M 1W4
Corne r Lot
New g Listin
METRO EDGE REALTY RECRUITING REALTORS RIGHT NOW!!
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$1,498,800
Vibrant Commercial Drive! 4 bdrm family home offers easy access to shopping, transportation and the downtown core. Live in, renovate or hold for future development. Top oor: 3 bedrooms, laminate and tile oors, enclosed deck with cedar ďŹ nishing. Ground level bottom oor: spacious rec room, kitchen, bedroom and utility area. 0-2(% *32+ /)22= PMRHE$PJOLSQIW GSQ PJOLSQIW GSQ
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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!
Amazing New Real Estate Company is Already Exploding For All the Right Reasons We opened our company December 1st 2015 and in 2 short months this is what happened. • • • • • • • • • • •
Open 60 days and 61 agents have joined us 29 sales in January & 37 new listings 4 high producing teams have joined us Launched our agent Training Program with 13 training days in February Held first big training workshop which over sold twice (standing room only) Secured 3 locations (2 in Richmond and 1 in Surrey) Currently looking for 4 other locations (North Shore, Vancouver, Burnaby, Coquitlam) Launched our exclusive Mentor Program for new agents Launched our exclusive Community Based (Farm Marketing) Strategy Secured building and building financing divisions Finalizing details on Property Management Division
For further information or to join Please Call
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• $300 PER DEAL
Managing Broker
Email: deand@metroedge.ca
Website: www.metroedge.ca
(LIMITED TIME OFFER)
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VANCOUVER EASTSIDE
THURSDAY, MARCH 3, 2016
Looking for a new home? Start here.
R E A L
E S T A T E
W E E K L Y
BC’s New Home Construction Spending Sees Warm December: StatCan
I
nvestment in home building in BC increased nearly 12.6 per cent year over year in December to $713 million, according to Statistics Canada figures released February 22. Single-family home construction saw the largest total investment of the four property types at $327 million, a rise of 4.9 per cent compared with December
2014, although this was a seasonally predictable drop of 9.2 per cent month over month. Multi-family construction in the province was a close second in total investment at $303 million spent in December. But this figure was again a much steeper pace of annual growth, at 25.5 per cent more than December 2014. The figure was a decline
of 10.1 per cent compared with November. Although spending on townhouse and row home construction is much lower, the figure keeps rising steadily, up 15.6 per cent year over year to $62 million in December. This was fall of 15.4 per cent from November 2015. Continuing the trend of the last several months, the only new home type to see an annual decline in investment in December was duplex housing, spending on which fell nearly 19 per cent year over year to total less than $23 million, a
slight rise of 2.3 per cent from November. As usual, the province’s total $713 million new home construction spend was once again the third-highest dollar figure in the country, after Ontario and Alberta. BC’s 12.6 per cent annual increase in December was again the second-sharpest rise in new home investment, with only Ontario outpacing the province, as Alberta’s total was a near-16 per cent drop compared with December 2014. Across the country, investment in new home building rose at a much more moderate pace than BC’s, with its total of $3.9 billion in December a rise of 4.8 per
cent from the same month a year earlier and a drop of 10.2 per cent compared with November. As with last month, the strongest growth in Canadian construction investment was seen in multi-family home buildings, which rose nearly 24 per cent year over year. There was also some increased spending on townhomes and row homes, up 3.4 per cent since the previous December. Statistics Canada yet again reported notable year-over-year declines in nationwide spending on single-family housing and duplexes, with investment in these homes dropping 3.4 per cent and 16.2 per cent respectively.
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