Volume 26| Number 22| Phone:
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Saturday, Mar 07, 29 Number 10 | Volume 26| 2020 NumberVolume 22| Phone:
Phone: 604-502-6100 | Fax:
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Fax: Email: voicerealtyads@gmail.com | 604-501-6111 Email: voicerealtyads@gmail.com
BC Home Sales Trend HigherLowest inTony February Mortgage Vancouver, BC: The British Columbia Real Estate Association (BCREA) reports that a total of 5,741 residential unit sales were recorded by the Multiple Listing ServiceÂŽ (MLSÂŽ) in February 2020, an increase of 26.3 per cent from February 2019. The average MLSÂŽ residential price in BC was $758,863, a 12 per cent increase from $677,681 recorded the previous year. Total sales dollar volume in February was $4.4 billion, a 41.4 per cent increase over 2019. â&#x20AC;&#x153;Housing markets in BC continued to trend near long-term average levels in February,â&#x20AC;? said BCREA Chief Economist Brendon Ogmundson. â&#x20AC;&#x153;Recent declines in mortgage rates and favourable changes to mortgage qualifying rules may provide a boost to home sales heading into the spring, although there is significant economic uncertainty lingering over the outlook.â&#x20AC;? Total MLSÂŽ residential active listings fell 8.4 per cent to 28,303 units compared to the same month last year. The ratio of sales to active residential listings increased 20.3 per cent from 14.7 per cent last February. Year-to-date, BC residential sales
Hundal Rates Guaranteed
25 Years of
Experience dollar volume was up 38.4 per cent to $7.6 per cent to 10,135Banking units, while the average billion, compared with the same period in MLSÂŽ residential price was up 10.9 per CREDIT, BAD CREDIT, NOto PROBLEM! 2019. Residential unitNO sales increased 24.8 cent $745,501. Axis Mortgage Corp. Up to 80% Financing on Residential Properties with Limited Income Verification
Manufacturers Of Quality Cabinetry
Tony Hundal
â&#x20AC;&#x153;Celebrating 30 years in Businessâ&#x20AC;?
Single Family Homes 25 Years of
M uBanking l t i F aExperience mily Projects Hi-rise Apartments Axis Mortgage Corp.
Ph: (604) 597-0364 â&#x20AC;˘ Fax: (604) 597-2638
Sohan Singh Bhogal
13375 comber way, Surrey, BC V3W 5V8 Canada, www.sunrisekitchens.com info@sunrisekitchens.com
Manufacturers Of Quality Cabinetry
Buying or Selling... Single Family Homes
JAY SIDHU
NEW E â&#x20AC;&#x153;Celebrating 30 real yearsestate need and a Call for all your C Mproperty u l t i F a m i l y P r o j e c t s PRI FREE EVALUATION of your in Businessâ&#x20AC;? â&#x20AC;˘ RESIDENTIAL â&#x20AC;˘ COMMERCIAL â&#x20AC;˘ INVESTMENT Hi-rise Apartments â&#x20AC;˘ LAND ASSEMBLY â&#x20AC;˘ FARM LAND â&#x20AC;˘ TOWN HOUSE â&#x20AC;˘ CONDOMINIUMS â&#x20AC;˘ WAREHOUSE â&#x20AC;˘ APARTMENTS
Sohan Singh Bhogal
Ph: (604) 597-0364 â&#x20AC;˘ Fax: (604) 597-2638
13375 comber way, Surrey, BC V3W 5V8 Canada, www.sunrisekitchens.com info@sunrisekitchens.com
SEARCH. FINANCE. BUY.
LIVE.
6 0 4.ca 724 6000 www. jaysidhu WWW.AKSHAYSINGLA.COM
JAY SIDHU
NEW E C PRI
HONESTY â&#x20AC;˘ RELIABILITY â&#x20AC;˘ INTEGRITY P.R.E.C.
Vantage Realty Office: 604-585-3555
www. jaysidhu .ca
604-339-5132 106 7435 121A ST, SURREY NEW LISTING !!
OPEN : SATURDAY, 1-3 PM
D D L L O O S S
2 BED â&#x20AC;˘ 2 BATH â&#x20AC;˘ 1,345 SQ.FT.
STRAWBERRY HILL ESTATES. Beautiful, clean, 2 bedroom, 2 bathroom, ground level, corner unit with 2 parking stalls. This Large, 1345 Sq Ft., condo features: Kitchen with newer cabinet's, top of line Stainless steel appliances and tile floor. Spacious living room with gas fireplace, new black out blinds, laminate floors, lots of windows offering natural light, dining room leading to your private patio and yard for those summer BBQ and kids to play. Master bedroom with gas fireplace, huge walk in closet and ensuite. One more bedroom, full bathroom and in suite laundry. New roof. Close to schools, shopping, restaurants, movie theatre, transit and recreation. Maint. fee includes gas, hot water and heat. Call for your private tour.
YOUR LISTING HERE Call for a No Obligation
D D L L DFREE O O SS OLLD SSO Evaluation of
ASKING ONLY
$449,900
your property.
EMAIL: jaysidhu1@gmail.com SEE MORE AT:
6245 126 STREET, SURREY
LISTINGS WANTED 3 BED â&#x20AC;˘ 1 BATH â&#x20AC;˘ 1,072 SQ.FT. BUILDER/INVESTOR ALERT!! Solid rancher on a 7800 + Square foot, corner lot, in PANORAMA area. Features spacious living room, kitchen, 3 bedrooms, laundry and workshop. The 65.6 x 120 lot has no easements or right of ways and is surrounded by newer homes. Recent updates include newer furnace and hot water tank. Build, rent or move in and watch your investment grow. Close to schools, transit, park and shopping with easy access to #10 Hwy and 64th Ave. Call for your private tour.
D D L L O O SS
ASKING ONLY
$888,000
LISTINGS ARE SELLING FAST. GRAB THIS OPPORTUNITY AND SELL YOUR PROPERTY FOR TOP $$$
CALL NOW FOR A NO OBLIGATION FREE EVALUATION OF YOUR PROPERTY
RECENT SOLDS
â&#x20AC;˘ 235 9458 PRINCE CHARLES BLVD â&#x20AC;˘ 16 14462 61A, SURREY â&#x20AC;˘ 5844 123A ST. , SURREY â&#x20AC;˘ 11230 81 AVE., N. DELTA
, 1 000 FREE $
TOWARDS LEGAL * MARKET EVALUATION FEES OR CASH *CALL FOR DETAILS
Indo-Canadian Voice Realty | Saturday, Mar. 14, 2020
2
RESIDENTIAL, COMMERCIAL & PRIVATE MORTGAGES
Refinance & Renew Your Mortgage
with us at Better Rates ib@lfr~ Eqy fvYlpr~ v`sqy pR`eIvyt pYisE~ d` pRbMD
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#202-12830, 80th Ave. (York Business Centre) Surrey Tel: 604-501-9837 Fax: 604-501-9847 amhc@shawbiz.ca
muPq sl`h mSvry leI huxy Pon kro *Lender/Broker Fee may apply but not without prior written consent of the client
GURHIMA URHIMATT S. GILL
604.825.4880
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604.765.4023
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Trusted name in the Community
CENTURY 21 Coastal Realty
Raj Janda 604-649-6500
Email: rjanda1@hotmail.com 13319 66 A AVENUE, SURREY
NEW LISTING
3 Bed â&#x20AC;¢ 2 Bath â&#x20AC;¢ 3716 SqFt ASKING ONLY
$758,000
West Newton, 2 Story with 3 bedrooms and 2 bathrooms. Main floor have Living room, dining room, Kitchen, family room, and 2 piece bathroom. Above 3 Bedrooms and one full Bathroom. New updates a r e N e w f l o o r, N e w Bathroom, New Kitchen, and new paint. walking distance both Schools, Close to all Amenities. All measurements are approx., buyer to verify.
5847 135A STREET, SURREY
8 Bed â&#x20AC;¢ 6 Bath â&#x20AC;¢ 7,053 SqFt Lot ASKING ONLY
$1,499,000
Panorama Ridge 7053 sqft Corner lot, Updated 3 Storey with 4780 Sqft home and house built in 2006 with 8 bedrooms and 6 full bathrooms. Main floor has Living room, dining room, Kitchen, Wok Kitchen family room, Rec room, bedroom, Big Sundeck and 4 piece bath. Above 4 Bedrooms and 3 full Bathrooms and Basement has 2+1 bedrooms suite. New updates are New floor, New Kitchen & new paint. Walking distance both Schools, Close to Amenities. All measurements are approximate.
31876 MADIERA PLACE, ABBOTSFORD
3 Bed â&#x20AC;¢ 2 Bath â&#x20AC;¢ 2128 SqFt ASKING ONLY
$789,000
West Abbotsford 12,240 Sqft lot with 2 Level 2128 Sqft built home, have 4 Bedrooms + 2 Bathrooms. Open floor plan, Main Floor have 3 Bedroom and 1 Full Bath. Basement have big rec room, 1 bedroom and full bath. Near Park and schools... All the measurements are approximate, buyer to verify if needed.
14991 76 AVENUE, SURREY
3 Bed â&#x20AC;¢ 2 Bath â&#x20AC;¢ 7,432 SqFt Lot ASKING ONLY
$899,000
Chimney Heights, 7432 SF lot with split level home. Have 3 bedrooms & 2 full baths. Vaulted ceiling in the living room with wood fireplace, double windows throughout. Deluxe master bedroom (15x13) on upper floor with 11' walk-through closet and (25x4) balcony, Jacuzzi tub and double shower head. Attractive back garden with cedar deck. Walk to golf course. All measurements are approximate, buyer to verify if needed. Rental property, please give 24 hours notice.
13356 66A AVENUE, SURREY
4 Bed â&#x20AC;¢ 2 Bath â&#x20AC;¢ 3,804 SqFt Lot ASKING ONLY
$768,000
West Newton, Fully Renovated in 2017 & 2018 2 Storey with 4 bdrms and 2 full baths. Main floor has living room, dining room, kitchen, family room, bedroom & 3 piece bathroom. Above 3 bedrooms and one full bathroom. New updates are New floor, New Bathroom, New Heat System, New Driveway, New Appliances and new paint. Walking distance both schools. Close all amenities. Measurements are approximate, buyer to verify. Potential for one bedroom suite.
D L O
S
13368 66A AVENUE, SURREY
4 Bed â&#x20AC;¢ 3 Bath â&#x20AC;¢ 3,660 SqFt ASKING ONLY
$768,000
West Newton Updated 3 Storey with 3045 Sqft home and house built in 2000 with 5 beds and 4 baths. Main floor have Living room, dining room, Kitchen, family room and 2 piece bathroom. Above 3 Beds and 2 full Bathrooms and Basement have 2 beds unauthorized suites. New updates New floor, New Appliances, new window covering, new paint and bathrooms. walking distance to Tamanawis Secondary school and Elementar y School, Close all Amenities.
S
D L O
Saturday, Mar. 14, 2020 | Indo-Canadian Voice Realty
3
LOOKING FOR
MORTGAGE I WORK FOR YOU, NOT FOR LENDERS
With over 14 years of banking and lending experience, I make your financial journey to home ownership a hassle free experience.
PRIVATE MORTGAGES We have large pool of in house funds available
I specialize in working with
FIRST TIME HOME BUYERu S so let me help yo take the journey from tenancy to home ownership
I SPECIALIZE IN : • Residential mortgages Purchases and refinances • Commercial mortgages • Self-employed programs • New to Canada programs
Axis Mortgage Corp. #204-12885-80th Ave Surrey BC V3W 0E6
Email : neetu_dhillon46@hotmail.com Email : dhillon_n@mortgagecentre.com
www.neetudhillonmortgageadvisor.com
NEETU DHILLON
MORTGAGE SPECIALIST
PH: 604.780.0458
Indo-Canadian Voice Realty | Saturday, Mar. 14, 2020
4
BANK MORTGAGES
2.39 2.64 %
5 YEAR FIXED HIGH RATIO
%
5 YEAR FIXED CONVENTIONAL
ALT-A
Want to Buy or Sell your home in good price? I’ll sell your home fast... Call Darshan Bains
3.69
%
VANCOUVER’S NEW LUXURY HOME 2 LEVEL • 9 BED • LOT: 43.56 x 204.5
1 TO 3 YEARS FIXED
PRIVATE MORTGAGES
Two fully finished basement 2-2 bedrooms and one extra bedroom for upstairs. Loaded with limestone, luxurious exterior. Radiant heat, large sundeck, mountain view, 8 parking, backyard like a park.
5.95% up 1 Year Fixed for 1st Mortgage. 7.49% up 1 Year Fixed for 2nd Mortgage.
JEET SINGH Mortgage Advisor 20 years of mortgage experience
778-320-9494 www.crownfunding.ca 209-14300 RIVERPORT WAY, RICHMOND
*Rates subject to change without notice. Conditions apply.
Call me for a NO OBLIGATION rate quote or fill out the secure application at crownfunding.ca
PANORAMA RIDGE. 6 bedroom house with 2 suites. Huge lot 10,890 sq.ft. or 82x132 lot.
101-7220 LINDSAY RD, RICHMOND
31849 CONRAD AVE, ABBOTSFORD
Luxury House For Sale In Panorama Ridge Very elegant luxury house. 8 Bedroom 2 level house on a half acre lot. Upstairs 5 Bed and 5 bath plus theatre room. Downstairs 3 bedroom rec room, family room and large kitchen. Close to Richmond, Vancouver and Hwy. Please call formoreinformation.
2 VANCOUVER SPECIAL Very nice 2 level & 3 level bright and spacious East Vancouver Houses for Sale. Big lot, 4 bedroom up, 2 basement & 5 bathrooms. Backlane. Central location. Near to School, transit and all amenities. Easy access to Vancouver Downtown & Richmond.
2 New Listing - Big Size Lots 50x120 lot house in Vancouver
12126 86 AVENUE, SURREY Kitchen Cabinet Business for Sale. Great location!! Close to Scott Road.
$95,000
OFFICE FOR LEASE IN SURREY 86 Ave and 120 St. Commercial For Lease In Surrey. Great location! Ample parking. Near Shoppers Drug mart. Good customer traffic.
Location! Location! Location! Beautiful one bedroom with view from deck. Stainless steel appliances, granite countertops, fireplace, insuite laundry, geothermal heating with A/C. Close to shopping and transportation. Motivated seller. Rentals allowed with restrictions. Currently rented for $1,500 a month.
GREAT LOCATION!! DEVELOPMENT PROPERTY. PLA already in place for 2 lots. Come and view this split entry home on a 9350 sq. ft. lot with 3 bedrooms, 3 bathrooms, unfinished basement with separate entry. The detached garage can house 4 vehicles and is 31 X 34 with high ceilings for all the room you need to work in or store your toys. Buyer to verify information at City Hall. Centrally located and in walking distance to various schools. Close to all amenities and in a great family neighbourhood.
$499,888
$1,200,000
10 Acres Farm for Sale in Aldergrove with good Blueberry crop.
Townhouse Site For Sale In Langley
Development Land For Sale In Langley.
Small Land Assembly For Sale In Langley.
50 Units, all double car garage in Langley. Application already in city hall.
2.45 Acres Development land for mixed use for Sale. Good location. Priced to sell !!
Small Land assembly as an assignment for 20 Units Stack Townhouse In Langley.
Great investment property.
$24 / sq. ft.
Approx 10 Acres Farm in Aldergrove
FREE HOME EVALUATION UNDER NO OBLIGATION
INDER ARORA
#202 9453 120 Street, Delta, BC V4C 6S2 • Ph.: 778-564-3008
604.418.9798 Email: inderc2c@gmail.com
Build Your Dream Home By Listing Here And Save Money!!
Saturday, Mar. 14, 2020 | Indo-Canadian Voice Realty
5
BHAJAN ATWAL
CHANDRA CALL ME FIRST FOR SHARMA MORTGAGE Best Rates Best Advice
604-773-8426
PREC, AMP
New Immigrants and Self-employed Accommodated
CALL ME FOR GREAT DEALS ON FORCLOSURE HOMES.
GET FUNDING IN LESS THAN 48 HOURS !!*
SYNDICATE LENDING CORPORATION
WESTCOAST REALTY 106-7565 132 St, Surrey
Ph: 604-572-3005
YOUR LISTING HERE
CALL FOR A
Count on our Years of experience in the local Real Estate Market. Take advantage of Hot Market and get the Top $$$ of your Property.
NO OBLIGATION FREE EVALUATION OF YOUR PROPERTY.
CALL NOW FOR A FREE
Have you heard Looking To Buy 2nd Mortgages of my rewards Real Estate? startingat 8%* program?
GOODIT CRED
Please visit my website to see all listings anywhere. All mortgage info will also be available soon.
chandrasharma.ca
13103 66A AVE, SURREY
Call me to see how you can qualify with ZERO DOWN!!
AVOID FORECLOSURE !! NEED MONEY? HAVE BAD CREDIT OR NO CREDIT OR NO JOB? OWN A HOME? I CAN GET YOU MONEY WITHIN 48 HOURS! CALL ME NOW!
BA CREDD IT
EVALUATION OF YOUR PROPERTY.
MORTGAGES + PRIVATE LOANS 1st, 2nd & 3rd Mortgage - Best Rates 5 YEAR VARIABLE
No credit check or employment info needed. GET CASH ASAP.
LD
*broker or lender fee may apply.
Need Mortgage?
*SOME CONDITIONS APPLY
Want to Sell Your House?
YOUR LISTING HERE...
If you know somebody looking to buy or sell a home, farm or business refer them to me and receive a handsome referral fee at the conclusion of the deal. Same is true for all kinds of mortgages!
604-773-8426
PREC
WE HAVE GUARANTEED SALE PLAN* SAVE COMMISSION & GET SOLD - GUARANTEED*
Average monthly payment on $100000 mortgage = $500
* Some Conditions apply. *Rates Subject To Change without Notice .
I HAVE A LOT OF CLIENTS LOOKING FOR DIFFERENT TYPES OF RESIDENTIAL PROPERTIES. IF YOU ARE PLANNING TO SELL, PLEASE CALL ME FIRST. I CAN GET YOU TOP $$$
KULWANT ATWAL
SO
Split level house on a very quiet street. 3 bedrooms, 3 baths, double garage and a family room. Very spacious and very neat and clean house. Close to of schools.
ASKING ONLY
$880,000
2.99% (some conditions apply)
PRIVATE MORTGAGES (NO BANK RULES)
SELL, BUY & MORTGAGE WITH US AND RECEIVE UP TO *
$20,000 CASH BACK OR DISCOUNT
BHAJAN ATWAL 604 773 8426
*SOME CONDITIONS APPLY. FULLY SUPPORTED : CENTUM FINANCIAL & CITY2CITY REAL ESTATE SERVICES
LIST EXCLUSIVE : FULL MLS EXPOSURE
ONLY $3500**
PLEASE CALL 604.773.8426
** SOME CONDITIONS APPLY.
604-720-6965
AMEX REALTY FRASERIDGE
Indo-Canadian Voice Realty | Saturday, Mar. 14, 2020
6
6752 133 STREET, SURREY
OPEN HOUSE : SUNDAY 12 - 3
7 BED • 4.5 BATH • 6,011 SQ. FT.
ASKING ONLY
P r i m e l o c a t i o n , We s t N e w t o n masterpiece. Basement Entry Home in the Most Desirable Area of West Newton. This 2 storey home features 7 bedrooms, 4.5 baths, large fenced yard, good sized bedrooms, sec system & garage. The living room has crown mouldings & gas replace. A very roomy oor plan for a young family. 4 bedrooms up. Master has 4 piece ensuite. Walking distance to Bus, Shopping, Panorama Secondary School and Unwin Park!
$1,150,000
Buy or Sell your house with me... I will pay the legal fee of that house !!
6720 BURNS STREET, BURNABY
LD O S
2407-13618 100 AVE, SURREY
3749 FIR STREET, BURNABY
2 BEDROOM • 2 BATHROOM • 762 SQ. FT.
7 BED • 6 BATH • 6,254 SF LOT
“Location and View" In nity Tower built by CONCORD PACIFIC, located right next to King George Skytrain Station. Walking distance to SFU, Surrey Central Mall, Parks, Library andTop Quality Restaurants. Easy and quick access throughout Vancouver area. Book your showing today.
Very solid well built home with Vaulted ceiling in the living room, open concept throughout the house. Features a South facing home with plenty of light, large windows and amazing brickwork outside. 4 bedroom on the top oor with 3 Bath and Laundry. Main oor boasts a large family room, dining and gourmet kitchen for all you cooks, great use of space for entertaining. Also a huge private and covered sundeck with a gas line for your barbecue and skylight. The garage has been converted into a gym and yoga room with 2 piece washroom. Basement has a legal 2 bedroom suite. Close to Metrotown, Brentwood mall, BCIT, easy highway access. Private yard with an amazing view of the North Shore mountains.
ASKING ONLY
$465,000
ASKING ONLY
$2,488,888
LOT 11 CHIEF LAKE ROAD PRINCE GEORGE
LOT 12 CHIEF LAKE ROAD PRINCE GEORGE
LOT 10 CHIEF LAKE ROAD PRINCE GEORGE
LOT 1 MEIER ROAD CLUCULZ LAKE
Beautiful 5.48 acre property.
Beautiful 4.94 acre property
Beautiful 4.95 acre property.
Beautiful 19 Acre property.
$28,776
$45,540
$45,540
$72,500
SEARCH. FINANCE. BUY.
LIVE.
604 724 6000 WWW.AKSHAYSINGLA.COM
Saturday, Mar. 14, 2020 | Indo-Canadian Voice Realty
7
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Indo-Canadian Voice Realty | Saturday, Mar. 14, 2020
8
We Build Your Dream Home
LICENSED BUILDERS QUALITY WORKMASHIP
BEST RATES IN TOWN
WE BUILD ENERGY EFFICIENT, PASSIVE & NET ZERO HOME
MANDEEP - 604.786.7000 KAPIL - 604.719.6164 Email: rknewpro rknewprojects@gmail.c jects@gmail.com om
PROJECTS
Saturday, Mar. 14, 2020 | Indo-Canadian Voice Realty
9
25 7247 140 ST, SURREY
16233 82 AVE, SURREY
NEW LISTING !!
EXCLUSIVE LISTING !!
3 BED • 3 BATH • 1,580 SF PRICED TO SELL! Only 3 Years old Town House with 3 Good Sized Bedrooms & Den & 2.5 Bedrooms at a prime location in Newton. Very nice open lay out, living space with High Ceiling on main oor, LED Lighting, Top quality Blinds, Quartz Countertops & Good Quality Appliances i n K i t c h e n w i t h b e a u t i f u l Pa n t r y. Underground Parking, Elevator, Bike Room & Storage Room. Walking distance to Newton exchange, Newton recreation centre, Library, Fresca, Save on food, Fruticana. Pets & Rentals Allowed.
$599,000
9310 115A ST, N. DELTA
13249 95A AVE, SURREY
3 BED • 2.5 BATH
3 BED • 2 BATH • 7,260 SF
7 BED • 4 BATH • 2,950 SF
The Orchards Complex: Rarely available Two Level Townhouse in Fleetwood, spacious 3 bdrm, 2.5 Bath, Newer roof, Gutters, Locks, furnace, fencing, fresh paint. Single Garage and second side by side open parking. Location Location Location: Right across street is Walnut Road Elementary school, park. Minutes of Walk to Fleetwood Secondar y School, Bus stops, Fraser Highway, Fleetwood Community Centre, Library, Fleetwood Park, Francis Park, Sports and Leisure Complex. shopping, Banks, restaurants, Fresh St Market, Fruticana Walking distance to Future Surrey- Langley sky train station.
GREAT LOCATION in the Hear t of Annieville,Well Maintained 3 Bedroom 1 Washroom Rancher, features include a cedar ceiling with post & beam through out, living room & dining room have large windows to enjoy your quiet neighbourhood. Private Back Yard. Close to Annieville Elementar y & Delview Secondary School with easy access to Patullo Bridge, Skytrain, Richmond &Vancouver
Completely Renovated 7 Bedrooms, 4 Washrooms two level home with (2+2) Bedroom suites as mortgage helpers ! All new ooring, paint, carpets, moulding, doors, Kitchen, light xtures, window coverings, tiles & much more. Located in a very great neighbourhood and close to all amenities. Huge 7320 Sq.ft lot with approx. 2950 Sq.Ft. built up area. Fenced backyard which is overlooked by nice covered sundeck. separate shared Laundr y for the tenants.
13793 108 AVE, SURREY
$2,499,000
Dry Cleaning Business with 3 Locations For Sale In Surrey.
Lot For Sale in Sullivan Station, Surrey
Great Income. Regular Clients. Lot of potential to expand. Please call for more details.
Investor & Developer Alert !! Location, Location, Location! Very rare and hard to come by investment opportunity. Area designated as Multi family in the Official Community Plan (OCP) Currently zoned for 2.5 FAR. Great holding property. 2000 sq. ft house on 12889 Sq Ft. lot at a prime location. Great Site for condominium project.
RF-13 3675 sq. ft. fully serviced Lot in Sullivan Station in Surrey. Build your dream home in this highly sought after area! East facing lot. Close to Woodward Hill Elementary. Transit & shopping nearby. Quick access to King George Boulevard or Highway #10. Call for more details.
$699,000 12621 54 AVE, SURREY
11675 95A AVENUE, N. DELTA
NEW PRICE
$959,000
2148 DOUBLETREE CRES, KEMLOOPS
$949,000
Vera Burger
Franchise for Sale in UBC. Prime Location, Well Established Business
$350,000
Well running
Grocery Store for Sale in Surrey 117 Street & 96 Ave.
$525,000
6081 148 ST, SURREY
$2,200,000
$1,188,000
$888,000
$799,900
Please call for more info.
10 12730 66 AVE, SURREY
9595 116 ST, DELTA
$578,000
2026 QUILCHENA AVE, MERRITT
$299,000
12954 59A AVE, SURREY
$149,000
CALL NOW FOR A FREE & NO OBLIGATION MARKET EVALUATION OF YOUR PROPERTY.
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SHASHI MADAN - 604.367.5611 E-MAIL: INFO@SHASHIMADAN.CA • WWW.SHASHIMADAN.CA
$1,121,786
Indo-Canadian Voice Realty | Saturday, Mar. 14, 2020
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Vancouver down payments: How much do I need to save to buy a home?
VANCOUVER -- Looking to get into the Vancouver real estate market and not sure how much you need to save?
ities, pushing buyers into the second bracket listed above.
Homes still aren’t cheap in the area, but data from the region’s real estate board suggests the benchmark has dipped over the last two years.
“As a result, the required down payment actually increased in four of the 17 markets studied,” Zoocasa said in a statement. Bowen Island was left out of this analysis due to “lack of apartment inventory.”
Last month, the Real Estate Board of Greater Vancouver suggested the metric reached $1,020,060. For a detached home, that calculation based on what’s standard (age, size, location, etc.) for the current market jumps to $1,433,900. The condo benchmark is at $677,200, according to the REBGV in February. It’s still high, but down 4.7 per cent when compared to 2018, when the impact of the federal mortgage stress test started to show. The test for insured mortgages will change in a few months - read more on that here - and that update is likely to have an impact on sales. But ahead of the new test rate, a real estate listings site looked at sale prices so far this year, compared to their peak in 2018. The condo benchmark has barely changed over two years, but it’s down more than 10 per cent for detached homes. So what does that mean for homebuyers? Are they having to put any less more money than if they’d bought in 2018? A Zoocasa report says the site looked at benchmarks from both years in 18 Metro Vancouver municipalities, then calculated the down payments based on the following: Five per cent of the purchase price for homes valued at $500,000 and under; 10 per cent for portions of the purchase price between $500,001 and $999,999; And 20 per cent for properties sold for $1 million and up. Comparing the condo markets Within Metro Vancouver, Zoocasa said in a report released Thursday morning, entry-level properties were the most sought-after in the two-year period. Condo prices rose in many municipal-
Other areas saw decreased down payments, but not by a significant amount, Zoocasa said. The below infographic uses colour to show how much the benchmark down payment changed in each area. View a larger version here. Based on the data, it appears the areas that saw the greatest increases were Maple Ridge, Coquitlam and Vancouver East.
How much do I need to put down? Interestingly, those who bought condos in West Vancouver saw the largest dip when compared to benchmark buyers in 2018: a whopping $44,640. The benchmark in the tony municipality on the North Shore went from $247,000 for a $1.2-million condo to about $203,000 for a $1-million place. In the western half of the City of Vancouver, buyers needed to come up with about $4,000 more in 2018 than in February of this year. For the eastern portion, the benchmark down payment was $1,450 more at the start of 2020 than it was for the same period two years ago. The municipalities where a buyer would have to put down the most, based on what’s on the market, are: West Vancouver - $202,780 Vancouver West - $54,610 Burnaby - $42,507 Port Moody - $39,720 Richmond - $39,070 Municipalities with the lowest benchmarks, and therefore the lowest down payments, are: Maple Ridge - $17,795 North Delta – $18,860 Langley - $20,610 Surrey* - $21,560 Port Coquitlam - $22,750 *Data used by Zoocasa from the GVREB is an average of benchmarks
in Cloverdale, Central and North Surrey. South Surrey was not included. Detached homes comparison When it came to detached houses, benchmark data suggested the Surrey market saw the largest decreases in down payments. Those who bought a benchmark property this year needed to put down $127,000 less than those who bought a comparable property two years ago.
The areas with the highest benchmark detached home prices, and the highest minimum down payments, are:
West Vancouver and Vancouver West both saw triple digit down payment drops, and buyers in 11 of the 18 municipalities paid at least $14,000 less for a down payment. More information is included on the infographic below. View a larger version here.
Maple Ridge - $57,490 Pitt Meadows - $63,470 Bowen Island - $65,680 North Delta - $66,660 Port Coquitlam - $70,260
Vancouver West - $582,800 West Vancouver - $508,880 North Vancouver - $309,280 Richmond - $301,980 Port Moody - $282,340 The areas with the lowest down payments, based on the data, are:
Saturday, Mar. 14, 2020 | Indo-Canadian Voice Realty
West Vancouver and Vancouver West both saw triple digit down payment drops, and buyers in 11 of the 18 municipalities paid at least $14,000 less for a down payment. More information is included on the infographic below. View a larger version here. The areas with the highest benchmark detached home prices, and the highest minimum down payments, are:
Vancouver West - $582,800 West Vancouver - $508,880 North Vancouver - $309,280 Richmond - $301,980 Port Moody - $282,340 The areas with the lowest down payments, based on the data, are: Maple Ridge - $57,490 Pitt Meadows - $63,470 Bowen Island - $65,680 North Delta - $66,660 Port Coquitlam - $70,260
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