MAPLE RIDGE
FRIDAY, JANUARY 9, 2015
PITT MEADOWS
info@rew.ca • 604-435-7977
R E A L E S TAT E W E E K LY
What can we expect from the real estate market, house prices and mortgage rates in the coming year? Here, REW takes a look at some key predictions for 2015.
HOUSING DEMAND Fuelled by both population and employment growth, the Canada Mortgage and Housing Corporation (CMHC) is painting a fairly rosy outlook for the region’s residential housing market in 2015 and into 2016. “Housing demand is on the rise due mostly to a majority of new immigrants settling in the Vancouver region,” says Carol Frketich, CMHC’s BC regional economist. “We are also seeing improved growth in income and jobs.” RE/MAX also issued a 2015 forecast in December 2014. It said, “After losing multiple offer bids for detached houses … buyers may become more hesitant to continue their pursuit of buying a detached home in 2015. However, as those potential buyers move to the sidelines and wait for the market to stabilize, the pipeline of demand for the region will continue to grow.
HOME SALES CMHC forecasts that housing sales in the Metro Vancouver area will drop only very slightly to 32,350 units in 2015, down from 32,800 this year but still above the 15-year average of about 31,300 sales. RE/MAX also projected that in Greater Vancouver, the number of unit sales “should remain largely the same [as 2014].”
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REW.CA /NEWS TO READ THESE STORIES AND MUCH MORE REAL ESTATE NEWS AND ADVICE
Should You Sell Your Old Home Before Buying a New One?
HOUSE PRICES CMHC is predicting the average overall home price to rise 1.2 per cent to $821,000. But RE/MAX has a more bullish prediction of a 3 per cent rise for house prices in Greater Vancouver. Larger rises still are predicted for Kelowna, which is expected to see a 7 per cent increase in house prices, and Victoria, where homes are forecast to rise by 4 per cent.
HOUSING STARTS Housing starts in Metro Vancouver are expected to hit 18,700 in 2015, down from a predicted 18,900 for 2014. They are expected to recover to 19,250 in 2016. “Although housing starts are expected to dip slightly in 2015, overall the Vancouver housing market is quite stable,” says Robyn Adamache, CMHC senior market analyst. “Total housing starts will edge higher as resale market conditions remain stable.”
INTEREST RATES Historically low interest rates have bolstered the Vancouver and BC real estate markets in 2014, and the CMHC economists are among many to predict that demand and sales could soften slightly towards the end of 2015 when the anticipated rate increases take effect. Frketich says, “In late 2015, housing demand will be tempered by rising mortgage interest rates.” However, the CMHC’s Housing Outlook report claims this will not be significant. It says, “Gradual increases in mortgage rates from historic lows are not expected to significantly impact housing demand.”
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R E W.ca » M A P L E R I D G E / P I T T M E A D OWS » F R I DAY JA N UA RY 9, 2 0 1 5
Chad August
Brookside Realty
Jim Isherwood 604-250-7755
604.318.5254
Brookside Realty
WWW.CHADAUGUST.COM
11933-224 Street, Maple Ridge • 604-467-5000
chadaugust@shaw.ca
OPEN SUNDAY 2-4PM #19-19490 FRASER WAY
NEW LISTING
Nicole Jackson 604-467-5000
CASCADA
WALK TO METROTOWN • #304 6715 Burlington
V1090989
$269,900
$524,900
• 2 bed, 2 bath, In suite laundry • Great building lots of updates mls V1090989
BEST OF BOTH WORLDS DETACHED IN A STRATA • 2072 sqft 4 BED 3 BATH • Very large south facing yard • Steps to village and waterfront
LARCH AVENUE HEIGHTS From $449,900
OPEN HOUSE SAT & SUN 1-4
#209 - 11566 224th Street Maple Ridge $269,900 inc. GST • Perched above the mighty Fraser River • Spectacular waterfront and mountain views • 1054 sq.ft. 2 bedrooms. Wood cabinets, porcelain tiles, deluxe stainless steel appliances including washer & dryer • Private roof top patio terrace with lounge, barbecue area & 360º million dollar views • Steps to town & West Coast Express
$514,900 13328 235A St., Maple Ridge • Park-like settings & Fraser Valley views • 5 appliances, blinds • Heritage doors & baseboards • Gas fireplace • Quartz countertops and hardwood flooring • 10 year warranty + more!
#268 201 Cayer St. • $94,900 NEW LISTING
• 3 bedroom, 2 bath • Newer windows, awnings, Natural Gas Fireplace
Brand new 2storey + bsmt homes, Basement entry. Rowhomes and duplex style homes.
Rivers Edge • 11580 223rd St.
www.lifeatlarch.com CASCADA • 11566 224th Street
$629,500 12463 Meadow Brook Place, Maple Ridge • Backs onto Laity Farm • Stunning View • Quiet Cul-de-sac very private • Has many updates
$1,099,000 25890 116th Avenue, Maple Ridge • Sprawling 3800 sq.ft. rancher on 2.3 manicured acres • Large gourmet kitchen • Lots of recent renovations • Large deluxe master ensuite is spa like • Four stall barn on city water, perfect for horses, backs onto Kanaka Creek Regional Park
OPEN HOUSE EVERY DAY 1-4PM, CLOSED FRIDAYS STARTING AT $159,900 RIVER'S EDGE 11580 223 Street, Maple Ridge • Only 51 amazing opportunities • Built with the highest & strictest standards of construction • Only the finest materials being used • Inside the best layouts in the market place with each sq.ft. maximized • Unbeatable location that offers spectacular riverfront dining, easy access to town centre and Port Haney Wharf • Buy with confidence. Move in today!
All prices include gst, move in immediately From $162,900-299,900
#207 1 bed + den 695sq ft $229,900 #209 2 bed + den 1054 sq ft $269,900 #107 2 bed + den 847sq ft $259,900
1 BEDROOM APARTMENTS IN MAPLE RIDGE From 600sq ft – 1075 sq ft some waterfront homes still remain, walk to west coast express www.lifeatriversedge.com
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IN
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Brookside Realty
11933 224th Street Maple Ridge
“FOR OUR OPEN HOUSES VISIT WWW.DANNYANDCLAUDIO.COM”
AFFORDABLE FRASERVIEW! UPDATED!
FRASERVIEW VILLAGE
Waterfront suites in Maple Ridge from $162,900 - $299,900
117 22514 116TH AVENUE • 759 s f one bdrm • ROOF - 6 YRS OLD • Unit close to elevator • WHEELCHAIR ACCESS • GROUND LEVEL • PET FRIENDLY • Walk to town
2 LEVEL CONDO...... 1572 SF/2 BEDRM
NEW PRICE!!!
$149,900
$234,900
BEST LOCATION IN COMPLEX! END UNIT
40 11757 236TH STREET • 3 bdrm ~ 3 bath • 1505 s. f. 2 storey T/H • NEW ROOFS/GUTTERS/EXT PAINT • South facing backyard • Baths newly reno’d • Large cedar deck • Minutes to all amenities
GALIANO
VIEW & WALK-OUT BSMNT! 3 level T/H
20% NOW SOLD Lots of great units remaining
Book your appointment through the holidays
11580 223rd St. Maple Ridge, BC
HANDYMAN SPECIAL!
$500 A month • ask us how 590-1075 sq ft Large Spacious Kitchens Modern Stylish Design Low Strata Fees & 3 yrs reduced city taxes Steps to W.C. Express Some water views
Chad August 604-318-5254 Jim Isherwood 604-250-7755
All suites available for Viewing, Maple Ridges Best Value in Apartments
12084 232nd Street
31668 S F LOT!
NEW PRICE!!!
• 4 bedrooms • Ranch-style w/loft/bsmnt • 1396 sq ft + 925 sq ft bsmnt • Small stream at back • Homes needs lots of TLC • Minutes to all amenities • Minutes to Schools
$379,000
RANCHER W/LOFT AND BSMNT
DOUBLE GARAGE
PITT MEADOWS
49 12268 189 A STREET • 3 bed/3 bath • 1486 s f two level • 4’ dry crawlspace • DOUBLE GARAGE • 2 PETS ALLOWED • Walk to schools • Convenient location!
IDEAL LOCATION
GREAT FENCED YARD!
33 22411 124TH AVENUE • 3 bdrm ~ 2 bath • 1350 s. f. 3 level TY/H • FAMILY/PET FRIENDLY • NEWER appliances • Well run complex • Easy care laminate flooring • Minutes to all amenities
$249,000
• 4 bdrms ~ 3 baths/A/C • 4189 sq. ft./ .28 Acre • Huge games room 18 x 20 • Master on main floor! • Backs onto greenspace • GREAT backyard!!!! • Blocks to all amenities!
NEW PRICE!!!
$729,000
SOMMERVILLE GARDENS OUTRAGEOUS VALUE!
NEW ROOF!
$369,000
CREEKSIDE VILLAGE
22726 HOLYROOD AVENUE
GREYSTONE
$334,900
MEADOW LANES ESTATE
2 - 23233 Kanaka Way • 4 brms/4 baths T/H • WALK-OUT basement • 4 car parking! • VIEW OF KANAKA CREEK • 2 covered balconies • walk to Kanaka Creek Elem • Minutes to all amenities
RIVERWOODS
$319,900
HOME OWNERSHIP FROM UNDER
101 22722 LOUGHEED HWY • 2 level corner unit • 1572 square feet • Overlooks greenbelt • 2 bdrm + den/2 bath • game/family rooms • Secure parking • Ground level/corner
47 23085 118TH AVENUE • 3 bdrm ~ 2 bath • 1319 s. f. 2 storey • CORNER UNIT • Fenced yard w/patio • PET FRIENDLY! • Recently updated • Minutes to amenities.
$269,900
2 STOREY W/UNFIN BSMNT HIGHLAND VISTAS
MAPLE RIDGE
10666 - 248TH STREET • 3 bedrooms ~ 3 baths • 2954 s f 2 storey • Unfinished basement • Lane access • GREAT ROOM floor plan • Bright and open • Flex room PLUS den
$454,900
R E W.ca » M A P L E R I D G E / P I T T M E A D OWS » F R I DAY JA N UA RY 9, 2 0 1 5
604.240.1927
JOHN BURNS
YOUR NEIGHBOURHOOD REALTOR SINCE 1987
T e a m
VIEW OUR LISTINGS AT
Port Coquitlam
www.rodandrhea.com
11544-11550 207th
ROD & RHEA HAYES
$399,900
$263,500 End Unit Townhouse 25 20653 Thorne Avenue
1,215 square feet, 2 bedrooms, 2 full baths open floor plan by Mosaic, warranty in place deck plus fenced backyard on green space this home shows like it is brand new tandem garage plus lots of storage space
1,300 sq ft on two levels, 3 beds, 2 bathrms living rm with fireplace, full size dining room renovated kitchen, separate laundry/storage private fenced yard plus front patio area carport with storage above, great location
www.rodandrhea.com
604.240.1927
$1,050,000
DEVELOPMENT PROPERTY TOWNHOME SITE FORECLOSURE. Excellent development opportunity in Westside area of Maple Ridge. 35,634 sq. ft. lot currently received third reading to allow 10 unit townhouse development. Prime location close to everything. BRING YOUR OFFER!!! John Burns
PAMMI MANDAIR
www.teamphilhaig.com info@teamphilhaig.com
604-825-8121 For more pictures & info. visit www.pammimandair.ca
859-3141 (24 HR. PAGING) Van. Direct 857-1098
Now located in the Clayburn Plaza near the IGA
Prudential Powerplay Realty
Off. 604-533-3231 • Cell: 604-607-3504 email: john@johnburns.ca www.johnburns.ca
West Maple Ridge
Greenbelt Townhouse 25 2495 Davies Avenue
Each office independently owned and operated Homelife Glenayre Realty
Maple Ridge
$183,800
Maple Ridge
$375,000
Qualified Property and Business Opportunities Available Under the PNP PROGRAM OF BC - BC Provincial Nominee Program governing the economic immigration program. FOR DETAILS CALL PAMMI at 604.825.8121
GAS STATION WITH LAND & BUILDING $1.29 MILLION
GAS STATION WITH LAND & BUILDING $3.2 MILLION
Gas station, C-Store, Pizza shop, Liquor store and living accommodations - All in one!
Gas bar - 4.8 million litres of fuel per year. Inside store sales $4,000 daily plus propane. Double wall fibreglass tanks - 10 years old and pumps 6 months old. Good gross income and good net income!
GAS STATION - $2.79M LAND AND BUILDING (Okanagan Area)
#109 - 12148 224th Street
Gas station, c-store, extra income from McDonalds Restaurant lease. Good gross & net profits. Fibreglass tanks, electronically monitored inside.
GAS STATION IN THE FRASER VALLEY - $3.8M 1/2 acre of land on major Hwy. Brand new tanks and brand new pumps. Touch less car wash plus 2 bay wand wash. C-store and propane sales. Last 3 years average fuel sales totalling 5.3 M litres per year.
20180 Wanstead Street
• Immaculate 55+ building, 1 bdrm, 1 bath & den unit • Gas F/P, in-suite laundry, 1st floor, steps to elevator • Recreation level incl: billiards, crafts, workshop • Cafeteria, hair salon, computer lab, first aid rm • Library & social rooms for all kinds of classes
• • • • •
Anmore
Maple Ridge
GAS STATION WITH LAND & BUILDING $2.34 MILLION
$499,900
income from mechanic shop. Fibreglass tanks and electronically monitored inside.
Leggett Drive
CONVENIENCE STORE & POST OFFICE OUTLET WITH LAND, BUILDING & LIVING ACCOMODATION $499,000
• • • • •
READY NOW! 9 - 43,560 sq/ft lots on Leggett Drive Desirable Anmore - just north of Port Moody Imagine building your own fantasy dream home Serene natural setting, minutes from lakes & parks Priced $499,900 to $589,900
Port Moody
$1,180,000
4 bdrm sprawling executive style home in Albion 4500 sq/ft on 3 levels, 4 baths, nannyʼs quarters Open kitchen & family room, French doors to patio Den, games room, media room & sitting room down RV parking, double garage, open parking for 12
Coquitlam
$1,649,900
Open Sunday 2-4
RESTAURANT BUSINESS WITH LAND & BUILDING $1.19M (FRASER VALLEY)
Check website for more pictures and info: pammimandair.ca
$799,800
10587 245B Street • • • • •
In Fraser Valley on major highway. Present owner has owned it for last 40 years, retiring.
Well established last 13 years. Over 100 seats. Liquor license, land over 30,000 sq.ft.
Quaint rancher in the historic enclave of Hammond 3 bedroom, 2 bath; perfect for the young family French doors to bright family room off the kitchen Laminate, crown, roof 6 yrs, HW tank 4 yrs, shed Quiet street, great investment holding property
LOTS FOR SALE
C-store, gas station, 4 bedroom home. Gas station, c-store, car wash plus rental Excellent gross & net income.
GAS STATION WITH LAND & BUILDING $2.43 MILLION
3•
37 Wilkes Creek Drive • • • • •
Heritage Mountain beauty w/ partial upgrading 5 bdrm, 5 bath, incl 1 bdrm suite in walkout bsmt New fridge, gas cooktop, DW, front door & stairs Fenced yard, workshop, backing on greenbelt Quiet street; close to Newport, schools & rec
1362 Glenbrook Street • • • • •
Exquisite 6 bdrm, 7 bath, custom built family home Granite & quartz, maple cabinetry, SS appliances Wok kitchen, butlers pantry, open flr plan, 4 F/P Radiant heat, AC, HW, slate, media & rec rooms 2 bdrm suite, decks, patio, Burke Mtn on greenbelt
MAPLE RIDGE • PITT MEADOWS (INCLUDES MISSION LISTINGS)
FRIDAY, JANUARY 9, 2015
Looking for a new home? Start here.
R E A L
E S T A T E
W E E K L Y
ABBOTSFORD’S HUDSON’S LOFT 2: YALETOWN FEEL WITHOUT THE PRICE TAG Nestled in the shadows of Mount Baker and blessed with rolling hills and river basins, Abbotsford for many years was known as the Bible Belt of BC and home to rural farmland. How things have changed! Abbotsford is emerging as one the fastest-growing cities in BC. Today, it’s a vibrant, modern urban metropolis, which has managed to retain its rural country charm. This city is also where you will discover one of the most exciting new residential projects in the master planned community of Central Park Village – Hudson’s Loft 2. This boutique-style six-storey building consists of a collection of 67 homes, comprising studio and den, two bedroom and den, lofts and penthouses, starting at an incredibly affordable $99,900. “The two-level penthouse apartments are located on the top two floors and fea-
ture beautiful green rooftop terraces,” says Kiran Rai, marketing director, Platinum Project Marketing, adding Phase 1 sold out in a single day – a first for Abbotsford. “The lofts are on the third and fourth levels and they have 18-foot ceilings in the living space.” To celebrate the launch of Phase 2, on Saturday, December 6, award-winning Wiebe Group & Diverse Properties hosted a Sale Day with lots of great incentives. Each open-concept residence features engineered hardwood floors, nine-foot ceilings throughout and expansive windows. The Zen-like bathrooms are resplendent with marble countertops, full height frameless floating mirror and soaker tub. The kitchens will inspire you to cook with its contemporary wood grain or white Shaker cabinetry, engineered quartz countertops, Frigidaire stainless steel appliance
package and sleek stainless steel undermount double sink (in most units). It doesn’t stop there. Other features include either a terrace or balcony offering sweeping views of Mount Baker, the forested trails in Horn Creek Park, as well as lots of green space. Location, Location, Location: When Hudson’s Loft 2 residents take occupancy in February 2016, they will be residing in the heart of a burgeoning community, only 10 minutes away from the downtown core. When this 9.5 acre neighbourhood is completed, it will be home to a village market and café, restaurants, local businesses/ commercial space and lots more. The homes are close to big box retailers such as The Real Canadian Superstore, Seven Oaks Shopping Centre and West Oaks
Shopping Mall. For art and culture lovers, the Abbotsford Entertainment and Sports Centre, Abbotsford Art Gallery, Tradex Centre and movie theatres are nearby. In addition, you are minutes from the West Coast Express, and a 45-minute drive to downtown Vancouver via the Port Mann Bridge. Whether you are a first time buyer, an investor or simply a home buyer who appreciates superior quality, this is your opportunity to live in a new home that melds the best of urban life, all for a fantastic price. The sales centre and two fully decorated display homes, located at 3068 Gladwin Rd, Abbotsford, are open noon to 5 p.m. (except Fridays). For more information, call 604-8648948, email info@hudsonsloft.ca or visit www.hudsonsloft.ca. Tentative occupancy: February 2016.
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