COQUITLAM PORT COQUITLAM PORT MOODY FRIDAY, JULY 17, 2015 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! GO TO REW.CA /NEWS TO READ THESE STORIES AND MUCH MORE REAL ESTATE NEWS AND ADVICE Vancouverʼ s $1m-plus Home Sales Rise 48%: Sothebyʼ s How to Choose the Right Mortgage Term for Your Needs Don Campbell: Avoid Taxation Grey Areas of Property Flipping T hose buyers struggling to enter the Vancouver market need look no further than nearby Fraser Valley neighbourhoods, where great value can still be found – for now at least, according to a panel of real estate experts. Speaking at the Urban Development Institute’s recent lunch panel event at the Sheraton Guildford, best-selling real estate investment author Don Campbell said, “You’ve all seen the affordability campaign #Don’tHave1Million. But when you start peeling the onion and look- ing at the facts, you’ll see that you ‘#Don’tNeed1Million’ if you’re buying in the Fraser Valley.” The senior analyst of the Real Estate Investment Network said that the demographic shift of Millennials entering the real estate market over the next few years, which are as numerous as baby-boomers, would change the housing market. He told the largely baby-boomer- aged audience, “Remember we pro- tested everything too, in the Sixties? And now the Millennial generation is coming, and they’re exactly like us. And they don’t need $1 million. They’ve got your $1 million. That may sound facetious, but that’s what’s happening.” Brian Yu, BC regional economist at Central 1 Credit Union, told delegates in his economic outlook presentation that he expects the low-interest rate environment to continue until late 2016, keeping mortgages affordable and real estate purchases attractive. “The picture we’ve seen this year, you can expect to continue well into next year, in our view,” said Yu. He added that Credit 1 Central Union didn’t believe there was a problem with real estate specula- tion in the Lower Mainland, say- ing, “There hasn’t been a specula- tion problem here since 2005” and supported the recent BCREA report arguing that foreign investment is unlikely to be a key factor in house price rises. Yu also said that the Lower Mainland would continue to see interprovincial migration and eco- nomic uplift increasing the popula- tion and adding to the pressure on the land base and housing demand. “We’re expecting to see 5 per cent growth in housing starts this year, 4 per cent growth next year, as the conditions are very favourable.” He concluded, “If you’re looking for a condo, there are still opportu- nities in the Metro Vancouver area but if you want a single-family home with a white picket fence, then you are going to be looking east, at the Fraser Valley.” Robyn Adamanche, principal of market analysis at the CMHC, said that rapid growth in the number of households in the Fraser Valley would further contribute to rising housing starts and real estate sales in the region over the coming years. She said that 8,510 new households were expected to form in the Fraser Valley each year, including nearly 3,000 a year in Surrey, more than 1,300 in Langley and more than 1,000 a year in South Surrey/White Rock. She added that despite rising sales, the price of condos in the Fraser Valley are not increasing rap- idly and have still not recovered pre- recession prices. The final panelist, Scott Brown, president of Fifth Avenue Real Estate Marketing, said, “The theme song for this year’s Fraser Valley market lunch should be ‘The Future’s So Bright, You Gotta Wear Shades.” He said that townhomes were a dominating trend in the Fraser Valley, citing that 60-70 per cent of all Lower Mainland townhome sales are in the Fraser Valley. Population Growth, Ripple Effect Driving Fraser Valley Market
8
Embed
COQUITLAM / PORT COQUITLAM / PORT MOODY Jul 17, 2015 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 450,000 homes across the Lower Mainland. A total of 11 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
COQUITLAM PORT COQUITLAM PORT MOODY FRIDAY, JULY 17, [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!
GO TOREW.CA /NEWS
TO READ THESE STORIESAND MUCH MORE REAL ESTATE
NEWS AND ADVICE
Vancouverʼs $1m-plusHome Sales Rise 48%:
Sothebyʼs
How to Choose the Right Mortgage Term
for Your Needs
Don Campbell: Avoid Taxation Grey Areas
of Property Flipping
Those buyers struggling to enter the Vancouver market need look no further than nearby Fraser
Valley neighbourhoods, where great value can still be found – for now at least, according to a panel of real estate experts.
Speaking at the Urban Development Institute’s recent lunch panel event at the Sheraton Guildford, best-selling real estate investment author Don Campbell said, “You’ve all seen the aff ordability campaign #Don’tHave1Million. But when you start peeling the onion and look-ing at the facts, you’ll see that you ‘#Don’tNeed1Million’ if you’re buying in the Fraser Valley.”
The senior analyst of the Real Estate Investment Network said that the demographic shift of Millennials entering the real estate market over the next few years, which are as numerous as baby-boomers, would change the housing market.
He told the largely baby-boomer-aged audience, “Remember we pro-
tested everything too, in the Sixties? And now the Millennial generation is coming, and they’re exactly like us. And they don’t need $1 million. They’ve got your $1 million. That may sound facetious, but that’s what’s happening.”
Brian Yu, BC regional economist at Central 1 Credit Union, told delegates in his economic outlook presentation that he expects the low-interest rate environment to continue until late 2016, keeping mortgages aff ordable and real estate purchases attractive. “The picture we’ve seen this year, you can expect to continue well into next year, in our view,” said Yu.
He added that Credit 1 Central Union didn’t believe there was a problem with real estate specula-tion in the Lower Mainland, say-ing, “There hasn’t been a specula-tion problem here since 2005” and
supported the recent BCREA report arguing that foreign investment is unlikely to be a key factor in house price rises.
Yu also said that the Lower Mainland would continue to see interprovincial migration and eco-nomic uplift increasing the popula-tion and adding to the pressure on the land base and housing demand. “We’re expecting to see 5 per cent growth in housing starts this year, 4 per cent growth next year, as the conditions are very favourable.”
He concluded, “If you’re looking for a condo, there are still opportu-nities in the Metro Vancouver area but if you want a single-family home with a white picket fence, then you are going to be looking east, at the Fraser Valley.”
Robyn Adamanche, principal of market analysis at the CMHC, said
that rapid growth in the number of households in the Fraser Valley would further contribute to rising housing starts and real estate sales in the region over the coming years. She said that 8,510 new households were expected to form in the Fraser Valley each year, including nearly 3,000 a year in Surrey, more than 1,300 in Langley and more than 1,000 a year in South Surrey/White Rock.
She added that despite rising sales, the price of condos in the Fraser Valley are not increasing rap-idly and have still not recovered pre-recession prices.
The fi nal panelist, Scott Brown, president of Fifth Avenue Real Estate Marketing, said, “The theme song for this year’s Fraser Valley market lunch should be ‘The Future’s So Bright, You Gotta Wear Shades.”
He said that townhomes were a dominating trend in the Fraser Valley, citing that 60-70 per cent of all Lower Mainland townhome sales are in the Fraser Valley.
Population Growth, Ripple Effect Driving
Fraser Valley Market
•2 REW.ca » COQUITLAM / PORT COQUITLAM / PORT MOODY » FRIDAY JULY 17, 2015
Top 1% of Realtors for 2014Top 1% of Realtors for 201420142014 2014201420142014 20132013
1860 RIDEAU AVE, COQUITLAMImpressive Brand New Luxury Home at its Finest! This beautiful south-facing home is designed with open concept fl oor plan, high ceilings and Spectacular H/E fi nishings that include In-Floor heating, Quartz counters, engineered h/w fl oors, kitchen w/island & extra spice kitchen. High end S/S appliances, Crystal Chandeliers, & loaded with tons of windows, making it feel boundless. Additional 1 Bedroom legal suite w/separate entrance. Huge Recroom with Wet bar and media room with 7.1 built-in surround sound system. Upstairs offers 4 generous bedrooms w/oversized master featuring vaulted ceilings, Large W/I Closet & master bath retreat. For more information, please call John Panrucker 604-230-7390
SPACIOUS TOWNHOMESpacious 3 bdrms, 3 baths, 3 level end unit townhouse, conveniently located minutes away from Coquitlam Town Centre, T & T Superstore, Recreation Center, Aquatic Center, City Hall, Library, parks, schools (incl Douglas College), transit and future Evergreen Line station. Newer roof, and gutters in this family oriented complex. Situated in a greenbelt, this home is ideal for young growing families, retirees, and investors. Hurry and call for a private showing before it’s gone! #28-1216 Johnson St.
$329,000
BURQUITLAM STATIONSEDONA, well maintained 2 bed / 2 bath concrete low rise in Burnaby/Coquitlam border. Steps to all amenities including new Burquitlam skytrain station. 204-522 SMITH AVE.
New Listings Direct to Your Inbox
GET YOUR FREE PROPERTY ALERTS
REW.ca » COQUITLAM / PORT COQUITLAM / PORT MOODY » FRIDAY JULY 17, 2015 3•
RE/MAX Sabre Realty
www.SteveMarshall.cawww.SteveMarshall.caSteve Marshall Steve Marshall 604.671.9999604.671.9999
With over 20 years of Award Winning Service
The Seniors Real Estate Specialist
118 - 2960 Princess $199,900New Listing
Ground Floor on Greenbelt• Spacious clean 1 bdrm• Open design w/ gas fi replace• Private covered deck• Walk to skytrain & Coq. Ctr.• Pets Ok, private entrance
1232 Ioco $1,150,000New Listing
Fantastic Inlet Views• 4 bdrm, 2 level VIEW home• Private hedged 50x150 lot• Exceptional water view• “Stanley Park” backyard • Quiet, low side of Ioco Rd.
1601 Wilson St. $589,900Merritt, BC
Buy an Apartment Building• 11 units, 7 one bdrm & four 2 bdrm• Fully rented, located across from a park
• $70,000 gross revenue• Merrittʼs diversifi ed economy is growing• Manage it yourself or hire a pro!
213 - 19673 Meadow Garden $269,500South Facing
Live at the Golf Course!• 2 bdrm & den CORNER unit at the Fairways
• Spacious 1140 sqft OPEN layout• Large kitchen w/ S/S appliances, granite counters
• Great investment- rentals OK• BONUS 2 parking stalls
• 308 SALES AWARDS SINCE 1984 • REBGV LIFE MEMBER WESTCOAST
$1,550,000 CENTRAL COQUITLAM BEAUTY! 6840 sq ̓ (approx. 52ʼx131ʼ) east facing lot. Luxury custom built 2-storey + basement family home in SHOW-HOME CONDITION. 5179 sqʼ. 6 bedrooms, 6 full baths. GRAND FOYER & LIVING ROOM WITH HIGH CEILING. Spacious kitchen + WOK KITCHEN with top-of-the-line appliances. Engineering wood fl ooring, Italian marble tiles, granite countertops, home theatre, air conditioning, video security system, etc. 2-BEDROOM LEGAL SUITE + KITCHEN IN BASEMENT WITH SEPARATE ENTRANCE.
POCO LIVE/WORK ECC CENTRE
1103 CONFEDERATION DRIVE$1,168,000 ESTABLISHED 18-YEAR EARLY
CHILDCARE CENTRE in Citadel Heights, a young family neighbour-hood requiring good daycare facil-ity. Building has 5329 sq ̓ of which 3690 sq ̓ is for SCHOOL & 1639 sq ̓up is for LIVING QUARTERS. 5635 SQ ̓ CORNER LOT provides plenty of parking. RUN YOUR OWN CHILD-CARE BUSINESS & PAY YOUR OWN MORTGAGE INSTEAD OF RENT! Zoned residential. HUGE BARGAIN WITH BUSINESS INCLUDED!
• Perched above the mighty Fraser River• Spectacular waterfront and mountain views• 2 bedrooms - large patio/yard area• Quartz countertops and stainless steel appliances• Walk to West Coast Express
$599,800• Very private 3 bed rancher on 2 acres• Bright kitchen, sep. dining & living room has double sided fi replace• Approx. 1 acre is fenced & landscaped w/2 road frontages on Garibaldi• 2 garden sheds & small barn w/fenced poultry area• Covered deck overlooks Kanaka Creek• 5' crawl space. Dbl garage
#1003 12069Harris Road
Pitt Meadows
$1,368,000• Luxury living & ultimate condo package• Over 2200 sq.ft. of living space in concrete & steel constructed
building• Features extra ceiling height, fl oor to ceiling windows & spectacular views!• Kitchen has only the best of the best• Massive room sizes, full laundry room, 2 master bedrooms & balconies• Must be seen to be appreciated!
$604,900• Larch Avenue Heights in Rock Ridge• This 2 storey plus basement home has 4 bedrooms,
Fraser Valley views, maple kitchens with large island, quartz countertops in bathrooms also, tile and engineered hardwood fl ooring.
• Come choose your own colour scheme. 10 Year Warranty and unfi nished full walkout daylight basement.
13309235A Street
Maple Ridge
$1,248,000• First time on the market!• Amazing Penthouse features million dollar views• Ultimate entertainer's dream• Lge kitchen equipped w/only the best of the best• Spacious bedrooms w/luxury ensuites, marble counters,
soaker tubs & stand up showers• Option for a media room• Spectacular & luxurious condo
#1006-12079Harris Road
Pitt Meadows
12580Garibaldi St.
Maple Ridge
1211Seventh Ave
New Westminster
$799,000• Lovely heritage style home built 1910• Fenced yard & covered front porch• Original beautiful fi r wood fl ooring• Beautifully renovated with all the modern conveniences• Chef's kitchen has custom dark cherry soft-close cabinets,
S/S appliances• Basement rec room has built-in speakers & sound-proof
Purchase Plus Renovations$0 Down PaymentSelf Employed/Equity LendingSpousal BuyoutSeniors Borrowing SolutionsSecond Homes/Rental Properties
*rates subject to change/terms and conditions apply.
Mortgage Advisor
CallCall Sheryl Elsom Sheryl Elsom
today!today!
5 year fi xed - 2.44%*5 year fi xed - 2.44%*5 year variable - 2.10%*5 year variable - 2.10%*
Brookside Realty 11933 224th Street Maple Ridge, BC
www.MRROGERS.cawww.MRROGERS.ca
"MR. ROGERS""MR. ROGERS"Luke
604.790.2304ee44
GlennGlenn604.790.2345604.790.2345
12351 216th St.
12357 216th St.
• 1/3 acre lots, build a dream home in one of the best spots in town.
• Build to suit & terms available or bring your builder.
• Full services, 2 storey plus basement option.
• These calibre lots aren't available often, don't miss out!
• City will support carriage home, hurry on this one!
$419,900 each
12-11165 Gilker Hill
3 bedroom 3 bathroom (1 for guests) 1500 square feet FAMILY FRIENDLY. Large Garage + HUGE STORAGE. Walkout to garden/west facing yard. Great floor plan, lots of space.
ONLY $281,900
NEW LISTING
22294 132nd Ave.
9.7 acre Estate Property. Mostly Cleared, Flat South Exposure. CITY WATER. A-2 & RS-3 Zoning. Gravel road front to back. Lots of sun. New home, New business? Options!
$1,099,900
NEW LISTING
OPEN HOUSE SUNDAY 2-4OPEN HOUSE SUNDAY 2-4
REW.ca » COQUITLAM / PORT COQUITLAM / PORT MOODY » FRIDAY JULY 17, 2015 5•
1708–55A STREET AT 18 AVENUE, TSAWWASSEN
CITYHOMESNORTHGATE.CA | 604.948.2345
A rare find in sunny Tsawwassen, CityHomes offer the perfect blend of condo and townhome living. Private entries mean no communal hallways. The variety of spacious open floor plans offers plenty of choice. Secure underground parking and minimal maintenance complete the lock-and-go lifestyle.
DISTINCTIVE DESIGN. 1,2,3 LEVEL HOMES WITH YOUR OWN STREET LEVEL ENTRY
NOW SELLING PRESENTATION CENTRE OPEN DAILY 12-5PM (EXCEPT FRIDAY)
•6 REW.ca » COQUITLAM / PORT COQUITLAM / PORT MOODY » FRIDAY JULY 17, 2015
Price: $728,000• Prime ground fl oor corner suite offering 2 bedrooms & 2 bathrooms.
• Oversized windows that wrap around the great room to give maximum natural light with golf course and North Shore Mountain views.
• Suite boasts spacious great room, gourmet kitchen with stainless appliances, 9’ ceilings and private patio.
• Call today for a private showing! Resale GST not applicable.
Ground Floor Suite, 1201 SF
#409-5099 Springs BoulevardPrice: $839,900
Penthouse Suite5076 Cedar Springs Drive
Price: $1,398,900
Golf Course View Home, 2132 SF
1626 Birch Springs LanePrice: $818,800
Most Popular House Plan!
#106-5055 Springs BoulevardPrice: $749,900
2 Bedroom + Den, 1461 SF
#111-5055 Springs BoulevardPrice: $519,900
1 Bedroom + Den, 1053 SF
SOLDSOLD
SOLDSOLD
SOLDSOLD
Upgrade your lifestyle! Don’t miss the opportunity to own a beautiful Arts & Crafts home. These Houses and Condos offer all the benefi ts of living in a resort but with very little maintenance--worry free living at it’s best! All plans offer open concept layouts, stainless steel appliances, engineered hardwood fl oors, oversized covered patio, plumbed for a built-in outdoor heater & BBQ outlet, and every detail you want in a sunny Tsawwassen home, all on freehold land. Move in this summer!
5056 Cedar Springs DrivePrice: $1,989,900
Golf Course View House
• 4 bdrm + den + fl ex, 4.5 bathroom • South facing golf course view
House • 3004 SF 2 level + casita• Casita – What’s that? Could be a
guest room, offi ce, gym• Gourmet kitchen: quartz
countertops, walnut cabinets• Fisher and Paykel stainless
appliances — gas range!• Lyonstone gas fi replace• Grand 20 ft ceilings in great room • Media room upstairs
5060 Cedar Springs Drive Price: $1,369,900
Golf Course View House
• 2 bedroom + den + fl ex,
3.5 bathroom
• Sunny south facing home
with gorgeous golf course
views
• 2094 SF, 2 level house
• Fisher and Paykel stainless
appliances — gas range!
1636 Fir Springs LanePrice: $939,900
Rancher Style House
• 2 bedroom + den + 2 bathroom
• Beautiful 1773 SF rancher
• Amazing sense of space with 10’ throughout + 11’ coffered ceilings in your great room
• Private backyard
• Enjoy morning sun
• Fisher and Paykel stainless appliances — gas range!
5036 Springs Boulevard Price: $889,900
Rancher Style House
• 3 bedroom + 3 bathroom
• Beautiful 1820 SF rancher
• Amazing sense of space with
10’ throughout + 11’ coffered
ceilings in your great room
• Corner lot
• Private backyard
• Enjoy morning sun
SOLDSOLD
JUST SOLD
JUST SOLD
PENDING
PENDING
REW.ca » COQUITLAM / PORT COQUITLAM / PORT MOODY » FRIDAY JULY 17, 2015 7•
Maple Ridge’s most popular new community - Come & see why
Dewdney Trunk Rd
NorthLougheed Hwy
Haney By-Pass
MAPLE RIDGEDowntown
Kanaka Way
240 St
104 Ave
105 Ave
Jack
son
Rd
Lougheed Hwy
THE DEVELOPER RESERVES THE RIGHT TO CHANGE OR MODIFY THE OFFER WITHOUT NOTICE. E.&O.E.
NEW M
ODEL
JUST RELE
ASED
VISIT OUR FULLY FURNISHED SHOW HOMES TODAY!
SINGLE FAMILY HOMES From $569,900 INCL GST
SALES OFFICE NOW OPEN 10455 Robertson Street, Maple Ridge
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.
F R I D A Y , J U L Y 1 7 , 2 0 1 5COQUITLAM • PORT COQUITLAM • PORT MOODY
R E A L E S T A T E W E E K L Y
Looking for a newhome? Start here.
I n P r i n t > O n l i n e > I t ’ s A l l H e r e
Maple Ridge’s Port Haney is an emerg-ing neighbourhood which has been undergoing rejuvenation. It is attract-ing home buyers from across the Lower Mainland who want quality built condo-miniums for prices not found elsewhere in the city.
This is where Greenside Properties’ newest development, River’s Edge, has found a home. River’s Edge features a boutique collection of 51 one and two bedroom homes, ranging from 590 to 1.080 square feet, starting at a low $156,900.
These contemporary West coast homes are distinguished by open interiors appointed with features such as vault-ed ceilings, granite countertops, crown mouldings, stainless steel appliance package, kitchen islands, white cabinetry with elegant hardware, large covered balconies or patios as well as a parking
stall. Nestled above the Fraser River, most homes off er sweeping water views from the expansive windows and fl oor to ceiling doors.
Living at River’s Edge means you are close to everything you need. Within a short drive you are in the urban hub, just minutes away from shopping, services, restaurants, grocery, entertainment as well as Haney Farmers Market - a fun, family friendly Saturday morning farm-ers’ market in downtown Maple Ridge. You are also steps away from the West Coast Express and the Port Haney Wharf. In addition, River’s Edge is within easy access to Lougheed Highway, Golden Ears Bridge and Pitt Meadows Bridge.
For those outdoor enthusiasts, you are close to Mother Nature’s Mecca. The trail network encompasses more than 100 kilometers of local riding and hiking trails, as well as in nearby Golden Ears
Provincial Park. There are also numerous fi tness centres, gyms, dance studios and martial arts organizations.
“We are also less than fi ve minutes from the historical Billy Miner Alehouse and Pub, which is a popular spot with locals,” says River’s Edge sales manager Paul Liberatore.
These new homes come to you from Greenside Properties, the same multi-family developer who built Solo in Maple Ridge and Spruce Grove in Whistler. For more than two decades, the family-run construction company has garnered a reputation for building quality European-inspired homes that are stylish and well designed.
When you look at the entry price-point level - starting at $156,900 - and the quality fi nishing that has been put into the spacious condominiums, this is excellent value. Here is your opportunity
to buy in Maple Ridge’s newest emerging neighbourhoods. “The maintenance fees are also quite low,” he adds.
“More than 50 per cent of the homes are sold but there are still many available that off er water views,” says Liberatore. “We are seeing fi rst time buyer to the downsizer to the investor to everyone in between, all who are impressed with both the price and quality of these homes. We off er the best value for the product any-where in Maple Ridge.”
For more information, call 604-453-4965, email Paul Liberatore at [email protected] or visit www.RiversEdgeLiving.ca. The Sales Centre and show home is located at 11580- 223rd Street, Maple Ridge. It is open Saturdays and Sundays from noon to 5 p.m. or by appointment anytime. Your new home is move in ready.