THURSDAY, SEPTEMBER 8, 2016
VANCOUVER EASTSIDE
info@rew.ca • 604-435-7977
RUBY CHEUNG, MORTGAGE BROKER LOOKING FOR A MORTGAGE? First time home buyers, renewals and self employed Honest, personal mortgage advice with more options Call for a free professional mortgage consultation
604.720.6176
www.rubycheung.ca
R E A L E S TAT E W E E K LY
421 Pacific St, Vancouver | Email: msrubycheung@gmail.com
BC Home Sales to Climb 10.4% in 2016 Despite Vancouver Slowdown: BCREA H ome sales across the province are forecast to climb 10.4 per cent to a record 113,000 total units in 2016, before slowing again in 2017, according to a quarterly housing forecast issued August 25 by the British Columbia Real Estate Association (BCREA). Total BC residential sales for the whole of this year are expected to eclipse the previous high of 106,310 units in 2005 – despite Lower Mainland home sales falling in July and the first few weeks of August. Unprecedented sales in the early part of the year, and strong growth in other parts of the province, will more than cancel out any second-half losses seen in the Lower Mainland, predicted BCREA. Effects of Foreign Buyer Tax “The introduction of a 15 per cent tax on foreign national home buyers in Metro Vancouver is expected to accelerate a moderating trend in the market that began earlier in the year,” said Cameron Muir,
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BCREA chief economist. “However, other regions of the province are performing above expectations and at the provincial level, largely offsetting Metro Vancouver’s deceleration.” The average BC home price is forecast to increase 11 per cent to $706,900 this year and a further 5.2 per cent to $743,700 in 2017. Price Rises Predicted to Slow Muir offered some hope to buyers aiming to get into the market but struggling to afford high prices. “While the cyclical nature of housing markets can exact a harsh toll on affordability in the short term, there is some relief for beleaguered home buyers on the horizon,” added Muir. “Housing starts in the province are expected to reach near record levels this year, and the highest amount since 1993. In Metro Vancouver, a record number of homes are now under construction.
US Vancouver Residents Devastated by “Unfairness” of New Foreign Buyer Tax
“A moderation in housing demand combined with a rising number of both new and resale homes on the market is expected to create more balance and less upward pressure on home prices.” Sales Dropping in Vancouver The BCREA forecast came after early MLS® sales data revealed that the number of homes changing hands in the first few weeks of August declined by 63 per cent compared with the same period last year. The drop came immediately after the 15 per cent increase in Property Transfer Tax for overseas buyers was introduced August 2, leading to reports of real estate deals collapsing around the region. However, local experts pointed out that it was too soon to see any long-term trend. Vancouver REALTOR® Keith Roy told REW.ca that it was important such data are not taken out of context. He said, “I think it’s an emotional reaction to an unexpected policy change on the part
Condo Hotels and Mixed Apartment Hotels: Are They Worth the Investment?
of the buying public, who are taking a small wait-and-see approach. “I think the market will normalize as we continue into the fall. People are still ready to buy – I’ve sold two properties for multiple offers over asking price in the past two weeks.” Risk of Vancouver Over-Correction However, mortgage broker and industry analyst Peter Kinch warned, “The market could be at risk of an over-correction from this kind of information. The real estate industry has a natural cycle that usually includes a summer lull, and this has combined with the new foreign buyer tax. There will likely be a slowdown in overseas buyers and this combined with the fact that locals are on holiday could create an exaggerated effect and make August and September sales look terrible.” Kinch added, “I fear that this will get misinterpreted by the media and the market will overreact.”
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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY S E PT E M B E R 8, 2 0 1 6
“Your East Vancouver Real Estate Experts!” NEW LISTING
$2,999,900
Lisa MacIntosh
Diane Kunic-Grandjean
KITSILANO'S TATLOW PARK 4 LEVEL 1912 CHARACTER HOUSE WITH 3 SUITES! 7 BED - 3 BATHS - 3360 SQFT Unique 1912 four level Character home North of 4th at Tatlow Park in Kitsilano! Come discover 3 sizeable, comfortable suites comprising of a 3 bed garden level (847 sqft), 1 bed & den on the main floor (976 sqft) and an owner-occupied eclectic top 2 level 3 bedroom suite of 1537 sqft! In-suite laundry on each floor, lots of mechanical updates over the past 28 years, this Grande Dame offers not only an inviting private front yard for your al fresco dinners, but a large enclosed backyard & decks on each level from which to take in the North shore views. This part of 3rd now being a cul-de-sac, you'll come for the quietness but will stay for the funkiness of this lady in pink & ease of access to a secluded beach via beautiful Tatlow park. 2831 W. 3RD AVE.
STEPS AWAY FROM TROUT LAKE, SOUTH FACING 1925 CRAFTSMAN BEAUTY IN THE HEART OF FRONT ½ DUPLEX - 3 BED UP, 2.5 BATH & DETACHED GARAGE KITSILANO – 4 BED, 2.5 BATH W/LEGAL SUITE 1785 E.14TH AVE.
$1,149,900
This is not your usual South facing ½ duplex: step inside to a well-laid out floor plan offering a refreshingly expansive living room with fireplace, a dining area able to host numerous guests & a wonderfully appointed kitchen with shiny white cupboards, s/s appliances & beautiful black granite countertops. The top floor will wow you with its 3 bedrooms & 2 bathrooms of unusually ample size – especially the master bed & its ensuite! Fantastic amount of natural light throughout, storage galore & a powder room on the main floor. BONUS: detached garage turned into a storage & office space! Feel right at home with its Westcoast flair, covered porch, large front garden and a short walk to Trout Lake & its Farmer’s market.
VERY UNIQUE 1 BEDROOM CORNER UNIT OF 702 SQ.FT. W/ FANTASTIC & PRIVATE OUTDOOR SPACE! 107-925 W. 15TH AVE.
$484,900
Set on the quiet North East corner, this 720 sq.ft. split-level 1 bedroom shares only one wall with its neighbor & is sure to impress you with a functional U-shaped self-contained kitchen, sizeable bedroom offering 2 closets & a window overlooking your very own deck. Step up to a sun-filled open concept space with beautiful Brazilian hardwood flooring throughout, a dining area easily hosting 10 people without forgetting an ample living area with a woodburning fireplace. UNIQUE BONUS: your very own private semi-covered wrap-around deck of nearly 300 sq.ft. overlooking the yard of a house! Where do you get this in the city? Insuite laundry, 1 parking, 1 cat or 1 dog (max 40lbs). All balconies done & depreciation report available. A delight to show!
3444 W. 5TH AVE.
$2,950,000
Sitting across from McBride Park in the heart of Kitsilano, this 1925 Craftsman offers yesterday's cachet with today's comfort. Beautifully restored character home with all of the original Fir trim work lovingly refinished. The foyer's wainscoting sets the tone for the main floor: a spacious front reading room/den, a large living room with fireplace opening onto a dining room designed for entertaining. In the mood for a BBQ? Open your French doors and step onto your gigantic South facing deck! Upstairs offers 3 sizeable bdrms, the front bdrm has a unique attached crafts room. BONUS-a full height basement with a self-contained 1 bdrm suite (done with permits) with its own south facing patio. The front & back gardens are enjoyed from every window, creating an Urban Oasis on this 46x120 lot.
TROUT LAKE & THE DRIVE – FANTASTIC FRONT ½ DUPLEX - 3 BED & 2.5 BATH! 1656 East 13th Avenue
$1,149,900
Fabulous front 1/2 duplex on a 33x127 lot, a stone throw away from Trout Lake and The Drive! It has it all: 3 spacious bed on the upper floor, including a master bed with large window with North Shore Mountain views, a newly renovated en-suite and 2nd full bath with jetted tub. The main floor offers a unique layout: very airy, spacious living room with substantial ceiling height, gas fireplace and a bay window overlooking the front yard. Sizeable dining area easily welcoming a party of 8, adjacent to a well-appointed U-shaped kitchen with plethora of storage and granite countertops. Separate large pantry-laundry room. Enjoy the front & side gardens which sizes can rival that of a house. New windows throughout, new fence & front stairs. Transit, Restaurants, Fun, Parks all at your doorstep. This is East Van living at its best!
L i s a M a c I n t o s h Te a m - D e x t e r A s s o c i a t e s R e a l t y Medallion Club - Top 10% of Realtors in Greater Vancouver Photos & Visual Tours at: www.lisamacintosh.com Email: lisa@lisamacintosh.com Tel: 604-263-1144
www.dexterrealty.com .com
www.
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale 104-228 E14th Ave
$599,000
OUTSTANDING AGENT
Taking our Listings Global
★OPEN SAT/SUN 2-4PM HUGE GARDEN PATIO! • Unbeatable location! • A new life? • A new relationship? • A new baby? • Rarely available! Philip Rogers 604-808-4623
604-275-9787 patsy@patsyhui.com WESTCOAST
... OUTSTANDING RESULTS
109 Sales so far in 2016!
RECIPIENT OF RE/MAX LUMINARY OF DISTINCTION AWARD
$1,899,000
6-BDRM 2-LEVEL HOME
6688 CULLODEN STREET Lovely 2204 sqʼ BRIGHT & SPACIOUS family home in desirable SOUTH VANCOUVER location. 9ʼ ceiling on main floor. MAPLE FLOORING in living & dining room. MAPLE CABINETS & GRANITE COUNTERTOPS in kitchen. Gas fireplace in living room. TILE ROOF & RADIANT HOT WATER HEATING THRU-OUT. 3 bedrooms, 2 full baths on main. Downstairs has a 1-BEDROOM SUITE & 2-BEDROOM SUITE WITH SEPARATE ENTRANCE. Close to transit & schools. A pleasure to show!
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY S E PT E M B E R 8, 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 S E PT E M B E R 8, 2 0 1 6
MARY SUTHERLAND 604-880-0148
NORM FLOCKHART
PREC
(604) 261-7275 13 Year Member of MLS Medallion Club
OPEN SAT/SUN 3-5!
$1,480,000
2396 SQ.FT. HOME! 6 BR's, 3.5 BATHS!
$1,479,000
OPEN SUN 12-2!
Open Sunday 2-4
$229,000!
East Side Price-West Side Location! Just move in! Renovated Open concept living! With a den/ bedroom fits a queen sized bed. Sunny 188 sq ft deck with a southern exposure. The perfect place to relax. Well maintained pro active building-new furnace 2008, new roof 2010, and re piped 2012. This is a home for you and your pets. No rentals. Open Sunday 2-4.
This clean family home is over-built by today's by-laws! 3 BR's, 1.5 Baths on Main. Bright Family Room. 3 BR's & 2 Baths in high, ground level Bsmt. 2nd Kitchen down. Vinyl doubleglazed windows & newer gutters. Next to 37th Ave Greenway! 5333 Ross Street, Van. OPEN SAT 12-2!
LOOKING FOR AFFORDABLE HOUSING GO WEST #104 1334 W 73RD AVE!
$1,379,000
JOE PAL 604.721.5121 Sutton Member Program SMP offers the ultimate in Savings, Financing or Refinance. Ph. me for details
Westcoast Realty
!MUST BE SOLD!
3 BDRM FAMILY HOME! SUNNY CORNER LOT!
3 BR's & DEN! QUIET, TREE-LINED STREET!
Clean & tidy family home w/ 3 BR's & 1 Bath on Main. Fir floors under carpets, eat-in Kitchen, & Conservatory at the back. Inside or outside access to the ground level Bsmt. Rec rm, bar, Den, 3 pce Bath, Laundry & Storage. Easy to suite. 1003 East 38th Avenue
1930 Home features lots of original woodwork, brickfaced fireplace, & high ceilings on Main. Easy to suite the unfinished Bsmt. Upgraded wiring & panel. 33' x 98' Lot. Still work to be done, but super location!
J U ST SOLD
5251 St. Catherines Street
www.normflockhart.com
Just listed! 2 Bedrm, 2 Bathrm, approx. 960 sq. ft. apartment in Historic Grandview area #304-2736 Victoria Drive, Vancouver. Nice remodeled and spic and span condition ready to move into. Cozy living room with gas fireplace & glass doors access to large balcony. Lots of cabinets Kitchen. With window over the sink for light & fresh air plus enjoy the view of the community. Newest appliances. Spacious dinning rm. Bathrooms equipped with heated floors, .heated towel bars, unique multi shower heads. Roomy master bedrm. with his and her closets. Oak laminated floors. Your own built in storage room. The Building has had expensive upgrades all paid for. Steps to Italian community shops, stores and cafes, Sky Train Station, big Safeway stores and recreation. OPEN HOUSE on Sat. Sept 10 at 2-5 pm. Ste #304-2737 Victoria Dr. For immediate viewing Call Joe Pal at Cell #604-721-5121. Sutton WestCoast Rlty. Asking low $500’s. Offers
Learn from the Real professionals
Start now. Our comprehensive 5 week & 10 week courses will teach you how. • Daytime & Evenings. • Tuition only $649 • First class FREE - try us out!
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 MOUNT PLEASANT LEGAL TRIPLEX
LEGAL TRIPLEX!
INCOME!
KITSILANO NORTH OF 4TH MULTIFAMILY BLDG
6+ UNITS!
NORTH OF 4TH!
628 EAST 12TH AVE
3536 WEST 1ST AVE
• Big 4 lvl Character Legal Triplex, 2728 SF, Gr Inc $48,000/yr, Views • Suite Mix: 2 lvl 3 Bdrm, 2X1 Bdrm, 33’X122’ RT-5 Lot, Fenced Yard • Investors, Owner-Occupiers, Developers Asking $1,398,000
• Kitsilano, Big 3700 SF Character Multiplex, Gr Inc $128,145/yr, Views • 6+ Units, 1st Class Loc, near Beach, Double Garage, 33’X122’ RT-8 • Investors, Owner-Occupiers, Developers Asking $3,339,000
REAL ESTATE WITH CASH FLOW HOUSES WITH SUITES DUPLEX, TRIPLEX, FOURPLEX 5PLEX, 6+ UNITS APARTMENT BUILDINGS, LAND IF YOU ARE THINKING OF SELLING OR BUYING INCOME PROPERTIES CALL BOB BRACKEN 604-263-2823
Real Estate Investment Think Bob Bracken
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY S E PT E M B E R 8, 2 0 1 6
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GARRY DARRED Welcome Home
Royal Pacific Realty
604.729.7049
Coming Soon to Kitsilano Brand New Executive Home 33x122 Lot Please watch for more details or save the date
2877 West 15th Ave.
Open House September 17 & 18 Open House Saturday & Sunday 2-5
Only $1,825,000 Lot: 40×110
(September 10 & 11)
2539 East 19th Ave. In our life time we do wish to have a dream home at a dream location. Well, here is the opportunity to make your dreams come true. This lovely home comes with all the bells and whistles. This fully renovated home has brand new engineered hardwood flooring upstairs. It comes with 3 bedrooms up, 2 full bathrooms up and a huge deck at the back for your entertainment. Rec room with bar downstairs and 2 piece bath for upstairs use and 2 store rooms. One bedroom unauthorized basement suite down stairs with its own laundry, one car attached garage and an automatic gate at the back. This beauty is just perfect from every angle. Only 3-5 mins walk to Lord Beaconsfield Elementary school. (Your kids don’t have to cross any busy roads). 5-7 mins walk to World famous Trout Lake and Nanaimo Skytrain station. You can’t ask for more. See it yourself this weekend. Be the first one to grab it. Oh, did I mention that this home comes with HRV system?
Only available until September 30**
*Some conditions apply. The Annual Percentage Rate (APR) is for a mortgage of $100,000 with monthly payments and a 25-year amortization, assuming no fees apply. If fees and/or charges apply, the total Cost of Credit and APR would increase. This promotion is subject to member(s) being approved by Prospera Credit Union’s lending guidelines. Limited time offer. **Mortgage must be approved by September 30, 2016 to qualify. Offer and rate may be changed, extended, or withdrawn at any time without notice. Available O.A.C.†Prospera will reimburse up to a maximum of $1,000 the discharge fee charged by the member’s current financial institution and/or any new legal and appraisal fees. For full details on the myStyle mortgage and Prospera Perks, please visit www.prospera.ca, talk to us at a branch or call 1.888.440.4480.
Looking for a new home? Start here.
Looking for a New Brokerage? Receive the highest level of support from our experienced Managing Broker. NO FRANCHISE FEES THREE EXCELLENT FEE PLANS STRONG SUPPORT
Contact Roloff at 604-782-7327 or roloff@evergreenwestrealty.com
Roloff Veld Managing Broker
206-1120 Westwood Street, Coquitlam BC, V3B 7K8 T: 604 942 1389 www.evergreenwestrealty.com
Monet TYLER monet@monettyler.com NEW LISTING
3883 Wellington Street, PoCo
❚
604.763.4307
West Real Estate Services
2015
2015
#10 Royal LePage Realtor in BC 2015 #1 Royal LePage Realtor for Tricities in 2015
❚
www.monettyler.com
NEW LISTING
$838,000
3582 Franklin Street
$1,098,000
4 Aspen Court
$1,498,800
121 Fernway Drive
$1,058,000
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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY S E PT E M B E R 8, 2 0 1 6
R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY S E PT E M B E R 8, 2 0 1 6
Intelligent living BY ZENTERRA DEVELOPMENTS
Beautiful spacious cottages in a natural setting, an exclusive clubhouse with pool, and abundant recreational possibilities makes Bridal Falls a one-of-a-kind resort ownership opportunity in Canada
IF YOU’RE READY TO DOWNSIZE, BUT NOT READY FOR A CONDO, OR LOoKING TO PURCHASE a second home getaway, WE have it all. COTTAGE SHOW HOMES OPEN DAILY 11 - 4 53480 BRIDAL FALLS RD, BRIDAL FALLS, BC 604.745.4104
DiscoverBridalFalls.com
224,900
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R E W.ca » VA N COU V E R E ASTS I D E » T H U RS DAY S E PT E M B E R 8, 2 0 1 6
FILLER, MAHOGANY AT MILL LAKE 3.9998 x 972.00 R0011295775 4C
ST AR
$2
TI
89 NG FR ,90 OM 0
Artist’s Rendering - Mahogany Plan B-2
VANCOUVER LUXURY. ABBOTSFORD PRICES. MAHOGANY, A SPECTACULAR NEW COLLECTION OF LUXURY HOMES. WITH 26 STOREYS OF CONCRETE CONSTRUCTION, GENEROUS AMENITIES AND INCREDIBLE VIEWS OVERLOOKING BEAUTIFUL MILL LAKE, MAHOGANY IS TRULY THE NEW HEIGHT OF LIVING. TO LIVE HERE IS TO LIVE WELL. Presentation Centre is open daily (except Fridays) from 12 - 5 pm 2180 Gladwin Road, Abbotsford
LIVINGMAHOGANY.COM 778.255.9990 Artist’s Rendering - Mahogany at Mill Lake
Marketed by GLOBEWEST - Multiple Realty Ltd. and Quantum Realty Inc. Managed by the Quantum Properties Group of Companies. This is not an offering for sale. Any such offering may only be made by disclosure statement. The developer reserves the right to modify plans, prices, features and specifications without notice as may be necessary and at their sole discretion. E. & O. E.