THURSDAY, SEPTEMBER 15, 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
Vancouver Home Sales Down in August – But Not by as Much as Predicted: REBGV
M
etro Vancouver home sales in August fell by 26 per cent year over year and by nearly 23 per cent compared with July, according to a Real Estate Board of Greater Vancouver (REBGV) report published September 2. However, the overall sales decline in August is markedly less dramatic than suggested by early August figures, which showed transactions for those two weeks were down by as much as 63 per cent year over year. The new figures suggest that the first two weeks of August saw a brief hiatus in activity following the introduction of the new overseas buyer tax, which then recovered towards the end of the month. Nevertheless, sales were still low for August, with the number of transactions falling below August’s 10-year average for the first time in many months. “The record-breaking sales we saw earlier this year were replaced by more historically normal activity throughout July and August,” said Dan Morrison, REBGV president. “Sales have been trending
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downward in Metro Vancouver for a few months. The new foreign buyer tax appears to have added to this trend by reducing foreign buyer activity and causing some uncertainty amongst local home buyers and sellers. “It’ll take some months before we can really understand the impact of the new tax. We’ll be interested to see the government’s next round of foreign buyer data.”
decrease of 44.6 per cent from the 1,290 detached sales recorded in August 2015. Sales of attached properties such as townhouses and duplexes in August totalled 431, a decrease of 25.4 per cent compared with the 578 sales in August 2015. There were 1,343 condo-apartment sales in the region in August 2016, a decrease of 10.1 per cent compared with the 1,494 sales in August 2015.
Registered Sales Residential property sales in Greater Vancouver totalled 2,489 in August 2016, a decline of 26 per cent compared with the 3,362 sales in August 2015, and a decline of 22.8 per cent compared with July this year. August’s sales were 3.5 per cent below the 10-year sales average for August, which is the first time it has dipped below that measure in many months. Looking at August’s figures by property type reveals huge variations. Once again, single-family home sales saw the biggest drop with only 715 sales last month, a
Benchmark Prices Even with the fall in home sales over the past two months, the board set another record benchmark composite home price in August at $933,100, slightly over that of July ($930,400) and a 31.4 per cent increase compared with August 2015. However, breaking this down by property type reveals that detached home prices took a slight hit in August, with the benchmark price falling compared with the previous month, now at $1,577,300 compared with July’s $1,578,300. However the August figure is still 38 per cent up over August 2015.
Fraser Valley Home Sales Fall in August – Driven by Detached Houses: FVREB
How to Qualify for a Mortgage as a Self-Employed or Small Business Owner
The August benchmark price of a townhome or other attached unit in Greater Vancouver rose by 31.1 per cent compared with August 2015 to $677,600, up from July’s $669,000. Condo-apartment benchmark price in August rose 26.9 per cent from August 2015 to $514,300, a slight rise over July’s typical condo price of $510,600. “In aggregate, we continue to see an imbalance between supply and demand in most communities. However, we’re also seeing fewer detached sales in the highest price points and fewer detached home sales relative to all residential sales,” said Morrison. “This is causing average sale prices to show a decline in recent months, while benchmark home prices remain virtually unchanged from July.” 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 at rebgv.org.
Infographic: Does Your Home Need Some Mindful Decluttering?
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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 1 5 , 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
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale 1806-111 E. 1ST AVE.
304-4815 ELDORADO MEWS
$499,000
$2,188,000
Taking our Listings Global 104-228 E14th Ave
$599,000
2 BED WITH A VIEW Open layout 2 bed / 1 bath with mountain view in Collingwood. Only 3 years young. Great for investors and first time buyers. Pet & rental friendly.
THE TRUE MEANING OF LUXURY! Brand new 3 bed Penthouse in the heart of Vancouver with exquisite views of downtown and the North Shore mountains. Private rooftop patio perfect for entertaining. 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
★
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
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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 1 5 , 2 0 1 6
NORM FLOCKHART
GARRY DARRED
PREC
(604) 261-7275
604.729.7049
13 Year Member of MLS Medallion Club Royal Pacific Realty
$1,480,000
Open House Saturday & Sunday 2-5 (September 17 & 18) Sharply Priced: $3,899,000 Luxury and Quality lives in this brand New 3 level home in the heart of Kitsilano. This home is situated on a beautiful tree lined quiet and level street. 2800 square foot on 3 levels with media room. Top notch fixtures and very functional and spacious floor plan. Pride of ownership. See you at open house.
2396 SQ.FT. HOME! 6 BR's, 3.5 BATHS! 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. $1,479,000
$1,379,000
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!
2877 West 15th Ave. 2539 East 19th Ave.
Only $1,798,000 Lot: 40×110
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?
5251 St. Catherines Street
www.normflockhart.com
.com
www.
OUTSTANDING AGENT
604-275-9787 patsy@patsyhui.com WESTCOAST
2227 West 14th Avenue WESTSIDE KITSILANO GEM!
$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!
OPENS SEPTEMBER 17/18 SATURDAY & SUNDAY 2-4 PM. SEE www.TerryVato.com FOR MORE DETAILS
Bob Bracken
113 Sales so far in 2016!
RECIPIENT OF RE/MAX LUMINARY OF DISTINCTION AWARD
ATTENTION RENOVATORS & BUILDERS! Seldom available 50 x 125 Legal Duplex RT7 Lot. This solid 3489 sq.ft. home was built in 1944 by an executive of the iconic MacMillan Bloedel lumber company and moved to it’s current location in 1983. The lower floor is tenanted on a month to month basis (separate furnace/hot water tank) and the upstairs is ready for your renovation ideas, including an unfinished level of 734 sq.ft. This property is chock full of charm and ambiance that would suit an owner occupier, but also represents great future development opportunities. The quiet, beautiful and mature tree lined street offers easy access to the best private schools, Kitsilano High School, U.B.C., beaches and shopping. Showings start at the
$2,998,000
... OUTSTANDING RESULTS
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
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Brookside Realty
Chad August
Royal LePage Westside #201-2107 West 40th Avenue Vancouver, BC V6M 1W4 Tel: 604-263-8800 Fax: 604-263-0864
604.318.5254 WWW.CHADAUGUST.COM chadaugust@shaw.ca
6430 Bruce Street
COMING SOON • 43 TOWNHOMES 1300 sqft - 2000 sqft (3 Bed Plus)
From $374,900 Call for priority registration and information
33 x 171.15 Lot
www.ruxtonvillage.ca
• New Listing; build to suit • New House: 3 levels • 4,000 sqft; 900 sqft; Lane Way • Asking $2,700,000
WESTSIDE Independently Owned and Operated
33 YEARS OF SUCCESSFUL REAL ESTATE SALES
GORDON LEGG Royal LePage Westside
FOR A FREE MARKET EVALUATION CALL
**this is not an offering for sale any such offering may only be done by Disclosure Statement E.&E.0.
#13 11255 232nd $424,900
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Gordon Legg 604-816-9224
604-816-9224
End Unit, 3 Bed Large fenced yard Approx 1450 sqft MLS# R2099405
Looking for a New Brokerage? Receive the highest level of support from our experienced Managing Broker.
#309 11566 224th St $339,900 2 Bed, 2 Bath (could be 3 bed) 1054 sqft Water Views Quick Possession
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
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FINAL RELEASE NOW SELLING
Higher Living. Higher Learning. Nestled on the hillside at Simon Fraser University, Veritas by Polygon is a limited collection of one plus den and two bedroom apartment residences in the unique campus community of UniverCity. Enjoy mountainside living in an environment of academia and nature, with move-ins this year! Two bedrooms priced from $389,900
8999 Cornerstone Mews, Burnaby Open Noon to 6pm Daily (except Friday) 604.298.9965 veritas@polyhomes.com
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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
PHASE 2 COMING SOoN
249,900
COTTAGE SHOW HOMES OPEN DAILY 11 - 4 53480 BRIDAL FALLS RD, BRIDAL FALLS, BC 604.745.4104
DiscoverBridalFalls.com
NOW SELLING IN MAPLE RIDGE W Y N N B RO O K Visit Wynnbrook Today to Experience the Ultimate in Parkside Living. Perfectly located just a short walk to the Albion Sports Complex where there’s so much to do including a playground and water park! Enjoy open green space, easy highway access, great schools and convenient shopping – perfect for today’s active families. Wynnbrook’s 3 or 4 bedroom family homes all have daylight basements for optimal light and livability.
Dewdney Trunk Rd GOLDEN
Lougheed
Hwy
MAPLE RIDGE Downtown
EARS BRIDG
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By
Kanaka Way
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E Slatford St
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104 Ave gh
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240 St
Lou
Sales Office: 604.380.4708 | Open daily (except Friday) Noon - 6pm 23952 104th Ave, MAPLE RIDGE
mstarhomes.com BUILDING BETTER HOMES WITH NATURAL GAS
Parkside Living For Active Families
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VANCOUVER EASTSIDE
THURSDAY, SEPTEMBER 15, 2016
Looking for a new home? Start here.
R E A L
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TRUE WEST COAST LIVING AT WESTPOINTE W
ith unparalleled access to expansive beaches and parks, charming local bistros and an array of new urban amenities, South Surrey has long been a sought-after community in Metro Vancouver. A welcome new addition is Westpointe, a collection of 49 single-family homes nestled in the heart of the community’s picturesque Ocean Park neighbourhood. Presented by local developer Silk Properties, Westpointe seamlessly integrates into the existing fabric of the established community. “Each home is unique”, says Chris Bardon, one of the principals at Silk Properties. “Alternating different trims, accents and colours ensure no two homes are alike. We paid attention to how the
homes sit on the streetscape and chose colours that blend with the neighbourhood and its proximity to the ocean,” he adds. Envisioned by Crescent Beach firm Ankenman Associates Architects, the craftsman-inspired residences exude timeless West Coast charm and sophistication. Expansive living spaces and elegantly appointed interiors by Erin Kenwood are standard at Westpointe. Three to five-bedroom floor plans range from 3,025 to 3,625 square feet, with distinguishing details that include overheight ceilings, matte engineered hardwood oak floors throughout main living areas and a striking gas fireplace for ambiance and daily comfort. Chef-inspired kitchens feature a sleek combination of wood veneer and shaker
cabinetry with premium Kitchen Aid stainless steel appliances and Caesarstone quartz countertops. For added enjoyment and outdoor living, there are covered or open decks in the fully fenced and landscaped backyards, complete with natural gas BBQ hook-ups. With quality craftsmanship by awardwinning local builder Trillium Projects and singular details that lend a distinct identity to each home, the atmosphere at Westpointe is ideal for entertaining, relaxing and daily family living. Set on a quiet cul-de-sac, just steps from pristine parks, top-rated schools, community centres and daily amenities, Westpointe offers the best of natural surroundings and urban convenience. Since introducing Westpointe, the inter-
est from the local community has been tremendous. With three-quarters of the development already sold, many of the first homes are now completing and the community is beginning to take shape. This October, a highly anticipated new release of homes will feature some of the largest lots and most desirable southfacing locations in the development. To find out more about Westpointe, call 604-833-9193, e-mail info@westpointeliving.com or register at www.westpointeliving.com. The Westpointe Presentation Centre is located at 1551 – 130 St, Surrey and is currently open by private appointment. More information will be available in the coming weeks on the public reopening of the Presentation Centre and the next release of homes.
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