FRIDAY, JANUARY 9, 2015
VANCOUVER EASTSIDE
info@rew.ca • 604-435-7977
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, financing and comparative properties in your area.
R E A L E S TAT E W E E K LY
Find your EXPERT Real Estate professional right here in REW.ca!
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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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 » VA N CO U V E R E ASTS I D E » F R I DAY JA N UA RY 9, 2 0 1 5
Over 33 years of proven results and consistently in the top 1% of the real estate industry. Lorne Goldman ranked #3 in Sales according to the Real Estate Board of Greater Vancouver.*
LORNE GOLDMAN 604.263.1911
Personal Real Estate Corporation rporation
lorne@vancouverresidence.com *as of May 6, 2014
www.vancouverresidence.com
R E W.ca » VA N CO U V E R E ASTS I D E » F R I DAY JA N UA RY 9, 2 0 1 5
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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 Free Market Evaluation. Sell your house fast. Buyer with Cash looking for building lot. Custom build your dream house.
Diamond Master Medallion
MASTER
BALDEV SANDHU 604-880-9571
SIDE BY SIDE DUPLEX
OPEN HOUSE: SUN 2-4 PM Each unit $998,000
$369,000 - Upper Floor unit in Killarney, close to David Thompson School - Converted into 3 bedrooms, open layout, high ceiling - Spacious kitchen, living area - Insuite laundry, Don't Miss!
- 3-storey approx. 2000 sf house Each Side by Side 1/2 Duplex - 3 bedrooms up and 2 bedroom suite in basement, 4 bathrooms - Granite counter top, engineered hardwood floor - Inter-telecom, HRV system, heating exchanger, radiant heat - Fenced garden, single garage
Burnaby, Central Burnaby - 1/2 Duplex, Back Unit 5977 Woodsworth St., Burnaby
Vancouver East, Renfrew, Presale, Build to Suit 2737 Kitchener St. $1,498,000
Vancouver East, Killarney 407-1958 E. 47 Ave.
- Side by Side Duplex 2 storeys with bsmt • 5551 Slocan St.
- 3-storey approx. 2000 sf house Each Side by Side ½ Duplex - 3 bedrooms up and 2 bedroom suite in basement, 4 bathrooms. - Granite counter top, engineered hard wood floor. - Inter-telecom, HRV system, heating exchanger, radiant heat. - Fenced garden, single garage. - Buyers are welcome to provide their own floor plan.
$1,088,000
www.JulianaHo.com Juliiho@gmail.com
R E A LT Y
Van East, Collingwood, Under construction
Vancouver East, Collingwood - Side by Side 1/2 Duplex 2838 Horley St. NEW LISTING
JULIANA HO 778-869-9688
ROYAL PACIFIC
www.BaldevSSandhu.com DaveSandhu@royalpacific.com
Vancouver East, Renfrew Heights - Presale, Built to Suit 2 storeys plus LWH 2764 E. 27 Ave.
$599,000 - One year new 1200 sf
- 3-storey (33 x 127) house associated with 650 sf Laneway House near Renfrew
$1,388,000
Back Unit 1/2 Duplex - Functional layout, 2 bedrooms + bathroom up - 2 bedrooms + 1.5 bathrooms on main floor w/separate entry, single garage - 2 kitchens, granite counter, maple wood cabinets, hardwood floor
- Granite counter top, engineered hardwood floor - Inter-telecom, HRV system, heating exchanger, radiant heat - Fenced garden, single garage - Buyers are welcome to provide their own floor plan
- 3 storey (33x110.3) house associated with 550 sf Laneway House - Granite counter top, engineered hard wood floor. - Inter-telecom, HRV system, heating exchanger, radiant heat. - Fenced garden, single garage. - Buyers are welcome to provide their own floor plan.
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 Greater Vancouver Area Realtors, Over 110 Homes SOLD in 2014 NEW LISTING
$849,000
JUST LISTED
NEW LISTING
VAN EAST
VAN EAST • Can build 3 level house laneway house • 2-5-10 year warranty • Build to suit
$1,888,000
LOT 66X101 4937 BELLEVILLE AVE. • Built in 2008, 7 bedrooms, 7 bathrooms • 4,373 sq.ft., 3 storey, sec. system • Top of line appliances • 2 master bdrms, A/C & HRV systems
S O L Day
d in one
1032 E. 61ST AVE. $978,000
• • • •
955 sq.ft., 2 bedrooms, 2 bathroom + den Oversized kitchen, laminate floor 2/5/10 warranty, 1 parking stall Close to Norquay Elementary
NEW LISTING
$788,000
LOT 53x130
#221 2239 KINGSWAY
395 E. 57TH AVE.
NEW LISTING
$420,000
$2,528,000
LOT 41'7X141.888
$1,248,000
LOT 37X120
6977 KILLARNEY ST. • 7 bdrm house over 4,000 sq.ft. 6 bathrooms • 700 sq.ft., 1 bdrm laneway house • Theater room, top line appls., jetted tub • Wok kitchen. 2-5-10 NHW
se Land As
Brand new 1,790 sq.ft. 1/2 duplex 4 bedrooms, 4 bathrooms, south facing lot Close to Stride elementary school 2/5/10 year house warranty
NEW LISTING
mbly
SOLD
2312, 2328 & 2320 GALT ST. $999,000
4689 DUMFRIES ST. • • • •
$999,000
3 Level, 5 bedrooms, 4 bathrooms, 2659 sq.ft. New paint and appliances in main kitchen Potential 1 bedroom suite down Near Kensington community & Victoria Drive
SOLD 7061 MAIN ST. $789,000
732 E. 51ST AVE. • Can build 3 level house laneway house • 2-5-10 year warranty • Build to suit
NEW LISTING
NEW LISTING
$888,000
VAN EAST
VAN EAST
7888 16TH ST. • • • •
NEW LISTING
$995,000
LOT 47X109.38 3330 SEAFORTH DR. • Mountain view lot facing north • Hold and build your dream home later • 1900 sq.ft. house currently tenanted • 5 bdrms, 2 baths. No Oil Tank-Scan done.
S O L Day
d in one
1564 E. 58TH AVE. $1,049,000
$948,000
LOT 33X124
4650 McHARDY ST. • Can build 3 level house laneway house • 2-5-10 year warranty • Build to suit
NEW PRICE
NEW LISTING
779 E. 61ST AVE. • Vancouver Special facing south • Great view of Richmond • 5 bdrms, 3 baths. New kitchen, washroom • double glazed windows
$938,000
JUST OLD S 2886 E. 23RD AVE.
LOT 33x120
JUST SOLD
6190 131A ST., SURREY $599,900
S OneLdDay
in o
1325 E. 41ST AVE.
J U S TD Lsking SO rA
ove
320 E. 65TH AVE. $945,000
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R E W.ca » VA N CO U V E R E ASTS I D E » F R I DAY JA N UA RY 9, 2 0 1 5
“Your East Vancouver Real Estate Experts!” Personal Real Estate Corporation
3 BEDROOM TOWNHOUSE WITH VIEWS IN AMBLESIDE! 1748 DUCHESS AVE. $799,900
Rarely available 3 bedroom townhouse in the heart of Ambleside! Nestled in a quiet cul-de-sac, this 1906 sq.ft. end unit is a blank canvas awaiting your personal touch. The top floor offers 2 bedrooms, one of which being your very large master bedroom & balcony offering views of Stanley Park & Lions Gate; a grand staircase w/vaulted & glassed ceiling will lead you to the main floor presenting its generous 3rd bedroom w/its own patio. The kitchen & adjacent eating nook give onto an open plan concept w/dining area (easily sitting 10 guests), a vast living room & cosy wood burning fireplace together w/spacious outdoor deck (bbq ok). Beautiful hardwood floor throughout, an immense (finished) basement area w/9’5” ceiling and 4 parking spaces (2 covered). Welcome home!
TOP FLOOR QUIET AND WEST FACING 1 BEDROOM AT THE BREEZE 404-1990 DUNBAR STREET $329,900 For the 1st time on the market in 12 years, is this
RARELY AVAILABLE CAMBIE CORRIDOR 50’x131.84’ CORNER 305 WEST 16TH AVENUE $2,388,800 Located in Cambie Village this is a fabulous devel-
opment lot in RT-5 zoning. The house has good bones and some character but is not currently habitable. It was previously used as a 3 legal suite income property with 2 legal addresses (also 3131 Alberta St.), could be renovated and continued with this use, or re-developed into a strata development with potential Coach House (check with City of Vancouver). Situated within the Cambie Village neighbourhood in the City of Vancouver’s “Cambie Corridor Plan”. Great holding property see what phase 3 of this plan might bring as far as further densification. Check out the many high quality strata developments on this street.
1912 COMMERCIAL DRIVE CHARACTER HOME 1955 CHARLES ST.
$950,000
very attractive, renovated and efficiently laid-out, West-facing (quiet), top floor, 1 bedroom suite at The Breeze. North of 4th & nestled amongst restaurants, cafes & grocers, you’ll not shy away from entertaining friends & family in your big & well appointed kitchen. Soak up the sun while barbecuing on your covered balcony or cozy up with your 4-legged friend by your gas fireplace. Keep your change for your quick ride to UBC as it comes with in-suite laundry & in-suite storage. 1 parking & rentals allowed. You may as well be home for Christmas!
Located in the Heart of Commercial Drive. Tons of character, including original fir floors & refinished trim work, high ceilings & claw foot tub! Fabulous flow on the main floor - large living room with cozy gas fireplace leading into an entertainer’s dining room. Character kitchen with room for a table, separate pantry & mudroom just off the back door. 2 good sized bedroom upstairs. BONUS-separate 2 bedroom garden level suite. There are also lots of mechanical updates-rewired, updated plumbing, seismic upgrades & double glazed wood windows. Situated on a lovely tree lined street with a wonderful heritage house streetscape. Huge very private fully fenced yard-feels like you are out in the country!
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
604-263-1144 Kerrisdale
604-336-3539 Main Street
TRENDY SOMA! $400,000
SUKI BAHI PERSONAL REAL ESTATE CORPORATION
604-689-8226 Yaletown 1290 E.43RD AVE.
$968,000
585 E.17TH AVE.
604.219.9523
$859,000
westcoast realty 604.257.8888
HOT NEW LISTING $409,900 #2-2560 Kingsway, Vancouver
QUIET RENOVATED 2 BEDROOM
POPULAR VANCOUVER SPECIAL DESIRABLE KNIGHT AREA
QUIET interior corner - Not facing street! MODERN Renovations: bathroom, kitchen, floors. Secure parking. RAINSCREENED. Desirable SoMa in Mt Pleasant. Enjoy TRENDY Main Street shops, restaurants, IGA, transit. 211 - 3131 Main St. ALAN YASIN & LORI PETTIGREW 604-649-7040
The top floor features 3 bdrms & 2 bathrms, spacious and bright living room w/ vaulted ceilings, dining room and kitchen w/ eating area opening onto a West facing sundeck. Lg family room, den, workshop and bathroom on the lower level offer lots of possibilities. 2 car attached garage, convenient location close to transit, shopping, parks and schools. LINDA HALE 604-889-9983
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JUST LISTED Fabulous location between Main & Fraser. On a 32.92’x 121’ RS1 zoned lot. Older 2 bdrm home in clean & original condition. But value is mainly in the superb lot. BY APPOINTMENT. TONY IOANNOU 604-263-1144 WWW.IOANNOU.CA
Townhome complex only 4 units Collingwood Area 2 bdrm/2 bath/den Townhome Balcony and Solarium 1 parking and storage 1055 sqft Low main fees
Call for private showing OPEN HOUSE SUNDAY JANUARY 11TH, 12-2 PM Personal ,Professional ,Experienced...
Krista Sojka
.com
www.
OUTSTANDING AGENT
604-275-9787 patsy@patsyhui.com WESTCOAST
Call me today!
... OUTSTANDING RESULTS
604-375-9240
www.kristasojka.com
152 Sales in 2014!
• 306 SALES AWARDS SINCE 1984 • REBGV LIFE MEMBER
SOLD!
NEW LISTING
OPEN SUN JAN 11TH 2:00-4:00
CHILDCARE CENTRE + PROPERTY $1,168,000
OWNER RETIRING! RARE GOLDEN OPPORTUNITY to own this FULLDAY CHILDCARE CENTRE business & property in the most DESIRABLE LOCATION in PORT COQUITLAM. This 1997 built 5329 sqʼ LIVE/WORK 3-LEVEL FAMILY HOME/SCHOOL includes 1639 sqʼ+/- upstairs living quarters & a SUCCESSFUL PRESCHOOL & BEFORE/ AFTER SCHOOL care programs business is on a 5635 sqʼ CORNER PROPERTY. PAY YOUR OWN MORTGAGE INSTEAD OF RENT! Purchase price includes $200,000 for BUSINESS & $968,000 for the PROPERTY.
1428 PARKWAY BLVD, COQUITLAM
3110 DAYANEE SPRINGS, COQUITLAM
Rarely available ground floor unit with huge, private back yard & Big 2 bed, 2 bath condo with brand new flooring, granite patio space. 2 beds, 2 bath, 2 parking, and extra-large storage. counters and gorgeous views of Town Centre and beyond. Would make a great investment property too - don't miss out! Rentals and pets allowed! REMAX All Points Realty Group #101 – 1020 Austin Ave. Coquitlam, BC Ph. (604) 936-0422 Fx. (604) 936-2751
R E W.ca » VA N CO U V E R E ASTS I D E » F R I DAY JA N UA RY 9, 2 0 1 5
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R E W.ca » VA N CO U V E R E ASTS I D E » F R I DAY JA N UA RY 9, 2 0 1 5
R E W.ca » VA N CO U V E R E ASTS I D E » F R I DAY JA N UA RY 9, 2 0 1 5
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above & beyond Introducing The Windsor, the newest residences at Polygon’s exclusive Windsor Gate community in Coquitlam Town Centre. A collection of two-bedroom concrete highrise homes with views of the surrounding mountains and neighbouring Glen Park, The Windsor rises dramatically from the tree-lined streetscapes below while still being conveniently close to SkyTrain, Coquitlam Centre and lively cultural venues.
Two bedrooms from $324,900
3096 Windsor Gate, Coquitlam Open Noon to 5pm (except Friday) Telephone: 604.941.8305 Email: thewindsor@polyhomes.com
*See sales staff for details.
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VANCOUVER EASTSIDE
FRIDAY, JANUARY 9, 2015
Looking for a new home? Start here.
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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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