BURNABY TRI-CITIES WEDNESDAY, JANUARY 20, 2016 info@rew.ca • 604-435-7977 REAL ESTATE WEEKLY 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. Find your EXPERT Real Estate professional right here in REW.ca! BURNABY TRI-CITIES WEDNESDAY, FEBRUARY 17, 2016 info@rew.ca • 604-435-7977 REAL ESTATE WEEKLY GO TO REW.CA /NEWS TO READ THESE STORIES AND MUCH MORE REAL ESTATE NEWS AND ADVICE How to Protect Your Home Sale from “Shadow Flipping” Two Cities Outside the Lower Mainland to Consider Investing In Editorial: The Difference Between Price and Worth in Real Estate J ust as people inevitably judge a book by its cover, consumers can be significantly influenced by the name what they are buying. This is equally true in real estate developments, where sometimes the pendulum of public favour can swing at light speed in a new direction, based solely on changing perceptions of a name or brand. And yes, we’re referring to last year’s storm surrounding Trump International Hotel & Tower Vancouver. Inspiration for the Perfect Name Fortunately for marketing companies, most residential development names aren’t this contentious, although finding the perfect one can still be challenging. Often a site’s topography, history, even address can provide an answer. RDG Management found a winning name by combining one site’s location adjacent to a forested ridge with its much-loved heritage as one of the city’s original pioneering farms – and The Ridge at Bose Farms was born. Now nearing completion in Vancouver, MC2’s name came about when someone suggested its location at the corner of Marine and Cambie was like Einstein’s famous equation. And in Coquitlam’s Maillardville neighbourhood, translating the street name, Blue Mountain Highway, into Mont Bleu created a standout memory point with a nod to the community’s French Canadian heritage. Sometimes inspiration comes from considering lifestyle. In Chinatown, Porte Communities realized their primary demographic would be “active and definitely a bit outside the box,” as Jeanette Chaput, director of marketing and sales, puts it. Ginger’s reputation as a spicy component of Asian cuisine reflected this perfectly. The Creative Process Typically, though, naming a building or community begins with brainstorming. Here’s when the developer, sale and marketing gurus toss their wildest, most creative ideas into the proverbial hat. Scott Brown, president of Fifth Avenue Real Estate Marketing, notes it’s common for 20 or more suggestions to be on this preliminary list. First-round cuts usually involves eliminating names that are overused, overly obscure, or trying too hard. Some will fail what Brown describes as the “snicker test” – words that if mispronounced become a joke, often one that’s in bad taste. Then there are names with a pre-existing negative connotation. “Three or four years ago, using Whalley in a name would have been a mistake. Now the area’s been rebranded, though, that could be a good thing.” Keeping it Simple After being involved in naming hundreds of projects over his more than 25 years in real estate, Brown says 3 Civic Plaza in the emerging Surrey City Centre neighbourhood was one of the most difficult to brand. “We had almost 50 names on the table at one point,” he says. “Having the lobby of a residential tower open directly onto a public plaza like this is rare, so we knew we wanted ‘plaza’ in the name. Then we looked at the fact that since its two neighbouring towers would both be civic buildings – a public library and Surrey’s new City Hall – this would be the third place-maker in a civic, community-oriented space.” Finally, the name selection had become obvious. Brown says sometimes it seems as if developers spend more time naming their buildings than they do naming their children, but tells how one developer turned that to an advantage. Although at first glance Teo and Reef by Alpha Beta Developments might seem unrelated, a family picnic would reveal both are names of the developer’s grandchildren. With a current total of seven grandchildren, it seems unlikely he’ll run out of inspiration in the foreseeable future. What’s in a Name? How Developers Choose a Building’s Moniker The Creative Process Typically, though, naming a building or community begins with brainstorming. Here’s when the developer, sale and marketing gurus toss their wildest, most connotation. Three or four years ago, using Whalley in a name would have been a mistake. Now the area’s been rebranded, though, that The Ridge at Bose Farms The Ridge at Bose Farms 3 Civic Plaza, Surrey 3 Civic Plaza, Surrey
12
Embed
BURNABY / TRI-CITIES Feb 17, 2016 Real Estate Weekly
Since 1978 Real Estate Weekly has been synonymous with outstanding coverage of the Greater Vancouver residential real estate market. Today, published with recycled newsprint from its own high-speed presses in Vancouver, Real Estate Weekly is delivered by British Columbia's largest courier force to over 210,000 homes across the Lower Mainland. A total of 5 separate editions comprise the Real Estate Weekly, each featuring homes for sale, new developments and quality editorial coverage of the housing industry and the communities. Real Estate Weekly, quite simply, lists more homes for sale from more Realtors than any other publication in British Columbia. Real Estate Weekly is the number one source for Lower Mainland residential real estate and the first choice of both homebuyers and Realtors for more than three decades.
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
BURNABY TRI-CITIES WEDNESDAY, JANUARY 20, [email protected] • 604-435-7977
R E A L E S T A T E W E E K L Y
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, fi nancing and comparative
properties in your area.
Find your EXPERT Real Estate professional right here in REW.ca!
BURNABY TRI-CITIES WEDNESDAY, FEBRUARY 17, [email protected] • 604-435-7977
R E A L E S T A T E W E E K L Y
GO TOREW.CA /NEWS
TO READ THESE STORIESAND MUCH MORE REAL ESTATE
NEWS AND ADVICE
How to ProtectYour Home Sale from“Shadow Flipping”
Two Cities Outsidethe Lower Mainland to Consider Investing In
Editorial: The Difference Between Price and Worth
in Real Estate
Just as people inevitably judge a book by its cover, consumers can be signifi cantly infl uenced by the name what they are
buying. This is equally true in real estate developments, where sometimes the pendulum of public favour can swing at light speed in a new direction, based solely on changing perceptions of a name or brand. And yes, we’re referring to last year’s storm surrounding Trump International Hotel & Tower Vancouver.
Inspiration for the Perfect NameFortunately for marketing companies,
most residential development names aren’t this contentious, although fi nding the perfect one can still be challenging.
Often a site’s topography, history, even address can provide an answer. RDG Management found a winning name by combining one site’s location adjacent to a forested ridge with its much-loved heritage as one of the city’s original pioneering farms – and The Ridge at Bose Farms was born. Now nearing completion in Vancouver, MC2’s name came about when someone suggested its location at the corner of Marine and Cambie was like Einstein’s famous equation. And in Coquitlam’s Maillardville neighbourhood, translating the street name, Blue Mountain Highway, into Mont Bleu created a standout memory point with a
nod to the community’s French Canadian heritage.
Sometimes inspiration comes from considering lifestyle. In Chinatown, Porte Communities realized their primary demographic would be “active and defi nitely a bit outside the box,” as Jeanette Chaput, director of marketing and sales, puts it. Ginger’s reputation as a spicy component of Asian cuisine refl ected this perfectly.
The Creative ProcessTypically, though, naming a building
or community begins with brainstorming. Here’s when the developer, sale and marketing gurus toss their wildest, most
creative ideas into the proverbial hat. Scott Brown, president of Fifth Avenue Real Estate Marketing, notes it’s common for 20 or more suggestions to be on this preliminary list.
First-round cuts usually involves eliminating names that are overused, overly obscure, or trying too hard. Some will fail what Brown describes as the “snicker test” – words that if mispronounced become a joke, often one that’s in bad taste. Then there are names with a pre-existing negative connotation. “Three or four years ago, using Whalley in a name would have been a mistake. Now the area’s been rebranded, though, that
could be a good thing.”
Keeping it SimpleAfter being involved in naming
hundreds of projects over his more than 25 years in real estate, Brown says 3 Civic Plaza in the emerging Surrey City Centre neighbourhood was one of the most diffi cult to brand. “We had almost 50 names on the table at one point,” he says.
“Having the lobby of a residential tower open directly onto a public plaza like this is rare, so we knew we wanted ‘plaza’ in the name. Then we looked at the fact that since its two neighbouring towers would both be civic buildings – a public library and Surrey’s new City Hall – this would be the third place-maker in a civic, community-oriented space.” Finally, the name selection had become obvious.
Brown says sometimes it seems as if developers spend more time naming their buildings than they do naming their children, but tells how one developer turned that to an advantage. Although at fi rst glance Teo and Reef by Alpha Beta Developments might seem unrelated, a family picnic would reveal both are names of the developer’s grandchildren. With a current total of seven grandchildren, it seems unlikely he’ll run out of inspiration in the foreseeable future.
What’s in a Name? How Developers Choose a Building’s Moniker
The Creative ProcessTypically, though, naming a building
or community begins with brainstorming. Here’s when the developer, sale and marketing gurus toss their wildest, most
connotation. Three or four years ago,using Whalley in a name would have beena mistake. Now the area’s been rebranded,though, that
#10 Royal LePage Realtor in BC 2015#10 Royal LePage Realtor in BC 2015#1 Royal LePage Realtor for Tricities in 2015#1 Royal LePage Realtor for Tricities in 2015
The market is The market is HOTTERHOTTER than thanit was in January!! I need homes it was in January!! I need homes
and town homes to sell! Call Me!!and town homes to sell! Call Me!!
SussexSussex
36 Heritage Peak Road $2,550,000
SOLD
125 Fernway Drive $978,000
NEWLISTING
#78-2200 Panorama Drive $888,000
SOLD
www.dexterrealty.com
604-689-8226 Yaletown
604-336-3539 Main Street
604-263-1144 KerrisdaleTaking our
Listings Global
OPEN SAT/SUN 2-4PM $1,350,000 CENTRAL PARK DUPLEX LIVING!
Located on a quiet cul-de-sac, this quality built 5BR 1/2 duplex is situated in a prime central location. Walking distance to Moscrop Secondary, Central Park and Joyce Skytrain. New fl ooring throughout, 12 ft ceilings, S/S appliances, granite counters, and a gorgeous solarium make this a must see!5236 DIVINE PLACE.
Matthew Chow 604-889-8103
★
$878,800
OPPORTUNITY KNOCKSLarge 6 bedroom / 3 bathroom home centrally lo-cated in Sapperton. Mortgage helper in place. Great for 1st time buyers or investor. 126 Braid Street.The Go Team 604-263-1144
$598,800
CITY OASISAbove ground garden level 3 bedrooms / 2 bath-rooms with 340+ sq.ft. Fenced patio in High Gate. 2 parking + locker. Pet and rental allowed. #201 - 7325 Arcola Street.The Go Team 604-263-1144
OPEN SUN 1-3PM $260,000
2 BED + OFFICE IN BRENTWOODInvestors & First Time Buyers - This fabulous condo is for you! Great home; great value; great investment. Well managed building. Desirable neighbourhood on tree-lined street. Short walk to Brentwood Mall, skytrain, restaurants. Springer Park across street. A MUST SEE! #208-1945 Woodway PlAlan Yasin & Lori Pettigrew 604-649-7040
★
NEW LISTING! $229,000
2 BEDROOM AT KEY WESTSPACIOUS open concept condo in fantastic location! Close to schools, shopping, transit and highways. Refreshed with new paint throughout and new laminate fl oor in 2nd bedroom/den. Cozy up to the gas fi replace in the winter and enjoy BBQs with friends on the large patio in summer! Welcome home! 102-1999 SUFFOLK AVE.Vaune Kolber 604-506-7534
MARILOU APPLEBY604-263-1144
DEXTER ASSOCIATES REALTY
SMART MONEY LANDS HERE
6975 ARCOLA ST. $1,188,000
Solid mature beauty is ready to go. This well-cared for 5 bdrm/3 bath family home has many options for the astute buyer. Ask me about possible land assembly. Close to great schools,shopping and transit. Private viewing only.
End 1362 sq ft, 2 bdrms, 2 bths, make it your own! 350 sq ft priv patio w sep entry & 2 parking. Insuite laundry, kingsize master & large ensuite.1A - 501 COCHRANE AVEBrooke Alexander604-813-1044
Over 5000 sqft of livingMaster on mainHuge separate detached shopStill to to customize
210 11580 223rd $229,900ROOM FOR A HOME BASED BUSINESS
R2016657R2016657
1075 sqft 1 bed / denUnique layout with wet bar and huge denRiver views steps to W.C. Express
2 PENTHOUSE UNITS
1003-12069 Harris Rd $1,368,000
R2016194R2016194
Just under 2300 sq ft 2 bed + denSpectacular views
1006-12067 Harris Rd $1,248,000
R2106903R2106903
Over 2000 sq ft 2 bed, den + media Great s/w views
DON MUNRO604.817.7338donmunrorealestate.com
108.45 Acres With Large Home, Observatory, Offi ce/Shop,Barn and Cattle/Horse Shelter
• The "Trophy Farm" of the Fraser Valley - boasting 360 degree views of Fraser River, Glen Valley, Golden Ears, Mount Baker and Fireworks in Vancouver
• Unique shaped 108.45 acres with 2 road frontages (2,672' on Armstrong Rd and 2,556' on 86th Ave)• Separate secured gates driveways - off 86th Ave to Farm Estate Home - off Armstrong Rd to Farm Offi ce,
Warehousing/Shop and Barns• Estate Home 11,075 sqft custom built (won the Gold Georgie Award for best custom home in 1994) - Additional
14,374 sqft unfi nished addition awaits your fi nishing ideas• Observatory/Gazebo overlooking Glen Valley and Fraser River 2,860 sqft - 360 degree views, M&F W/R, full
basement "Entertainer's Dream"• 2,430 sqft Farm Offi ces with Boardroom• 9,614 sqft Warehouse/Workshop adjacent to offi ce• 5,880 sqft barn, box stalls, hay storage, equipment storage• 1,000 sqft cattle barn• 12" 600 gmp well, good water, irrigation potential• Excellent soil for crop production• Awesome facilities for Ag processing
8412 Armstrong Road8412 Armstrong Road
$13,888,888$13,888,888
Looking for a New Brokerage?Receive the highest level of support from ourexperienced Managing Broker.
NO FRANCHISE FEES
THREE EXCELLENT FEE PLANS
STRONG SUPPORT
Contact Roloff at 604-782-7327 orroloff @evergreenwestrealty.comRoloff Veld
PERSONAL REAL ESTATE CORPORATIONwestcoast realty604.257.8888
- 6 bedroom/2 bath - 2 kitchen- 12,838 sqft lot - RSI Zoning- 98 x 131 - Built 1954- Perfect to build your dream home/investment or renovate- Prime location - 2 Storey 2510 sqft
NEW LISTING51 North SeaCapitol Hill, Burnaby• View property in sought after Capitol Hill• Two level, 4 bedroom, 2 bath home• Buy, hold, reno or build your dream home• Walk to schools, shops, parks, transit
Hassenn Khaseipoul Personal Real Estate Corporation RE/MAX All Points Realty
Coquitlam West$2,580,000 + GST
Move in to almost 7000 sq. ft. with 8 bedrooms & 7 bathrooms. Over 8000 sq ft south facing lot with back lane access. This house has it all! Close to Burnaby border! MUST BE SEEN! Ask us how we can help you to upgrade to this gorgeous home!
Brand new luxury homeBrand new luxury home
Oxford Heights, Port Coq $838,800
Beautiful 5 bedroom home in a great family neighbourhood. Some of the many updates include roof, gutters, kitchen with granite counter tops, stainless steel appliances, and more. Long wide driveway is perfect for your RV or Boat.
Feels Like a Home!Feels Like a Home!
Coquitlam-Ranch Park$798,000
Beautifully updated 4 bdrm and 3 bath home located in prestigious Ranch Park. Over 11,000 sq ft lot and mountain view. Walk to future Skytrain and Coquitlam Centre Mall.
JUST MOVE INJUST MOVE IN
Coquitlam$84,500
2 bdrm & den double wide manufactured home located in family-friendly Park with Lots of updates! Amenities includes swimming pool, tennis court and club house. Just 5 minutes from Hwy 1 and Skytrain.
BCAA Home Insurance has been ranked “Highest in Customer Satisfaction among Home Insurers in Western Canada, Four Years in a Row” by J.D. Power.
EVERYONE IS WELCOME Members save up to 15% extra on our regular competitive rates.
Insurance is sold through BCAA Insurance Agency and underwritten by BCAA Insurance Corporation. Some conditions apply. Offer is valid in store or by phone and applies to new policies only. To be eligible, you must have a current home policy with another provider (a copy of your current home insurance policy must be present at the time of redemption) and your current home insurance policy must expire between February 1, 2016–April 30, 2016. *BCAA received the highest numerical score among home insurance providers in Western Canada in the proprietary J.D. Power 2012–2015 Canadian Home Insurance Customer Satisfaction StudiesSM. 2015 study based on 7,466 total responses and measures satisfaction among 12 home insurance providers in Western Canada (AB, BC, MB, SK). Proprietary study results based on experiences and perceptions of consumers surveyed March–April 2015. Your experiences may vary. Visit jdpower.com.
FIND YOUR NEAREST SERVICE LOCATION bcaa.com/locations
Get a
$20BLENZ COFFEE GIFT CARD
when you
GET A HOMEINSURANCE QUOTE
Limited Time Offer
RESALE HOME LISTINGS | NEW HOMES FOR SALE | AGENT PROFILES | REAL ESTATE MARKET NEWS | HOME BUYING & SELLING ADVICE
Your one-stop source of lower mainland home listings and real estate news.
I n P r i n t > O n l i n e > Y o u r c o m p r e h e n s i v e s o u r c e f o r l o c a l r e a l e s t a t e n e w s a n d l i s t i n g s
W E D N E S D A Y , F E B R U A R Y 1 7 , 2 0 1 6
Vancouver’s New Home Prices Continue to Quicken Growth: StatCanMetro Vancouver’s new housing
price index increased again in December, further accelerating
its pace of annual growth compared with the previous month, according to Statistics Canada data released February 11.
The price of a new home in the Vancouver Census Metropolitan Area (CMA) increased 2.6 per cent year over year in December 2015 – the third-high-est annual rate of growth in the coun-try, after Toronto–Oshawa and Hamilton CMAs, as has been the trend for the past few months.
Month over month, new home prices in Vancouver rose 0.2 per cent com-pared with November’s fi gures – a com-paratively modest rise after seeing the country’s steepest monthly increases in Novemver. In December, the biggest con-tributor to Canada’s overall monthly new home price rise of 0.1 per cent was again Toronto–Oshawa.
Across BC, new housing prices rose 2.3 per cent year over year – once more the country’s second-biggest rise, after Ontario – and 0.2 per cent month over month.
Victoria CMA’s new home prices con-tinued to slide in December, yet again down 0.5 per cent compared with the same month last year and fl at compared with the previous month. As has been
the trend for many months, Victoria was one of just seven CMAs to record an annual new home price decrease in December, out of a total of 21 CMAs surveyed.
Increases in new home prices often do not refl ect those seen in the resale market, as the price paid for a new home is only measured when the transaction is completed and registered with the Land Registry, rather than when the home is originally purchased off -plan. Because of long lead times on home construction, the new home prices registered today are those homes sold many months or even years ago – whereas MLS® resale home prices are much more up to date.
The news came a few days after the CMHC reported that Vancouver Census Metropolitan Area (CMA) new home con-struction starts were trending at 20,790
units in January 2016 compared with 21,659 units in December 2015. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of housing starts.
In the same week, Statistics Canada published its monthly building permit fi gures, which suggested the drop in local housing starts will not last for long, especially in the multi-family sector.
Vancouver home building permits issued in December 2015 were valued at a total of $558 million, a rise of 98 per cent compared with the previous December, according to the statistics agency.
This near-doubling of values was led by another leap in condo-apartment building permits, which soared 171 per cent year over year to $376 million.
Single-family homes made up just shy of $114 million of December’s permit value in Vancouver, and $63 million was invested in townhomes and row homes.