burnaby / new westminster jan 9, 2015 real estate weekly
DESCRIPTION
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 14 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.TRANSCRIPT
R E A L E S T A T E W E E K L Y
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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
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Buying a New One?
Your Best Ever Winter Garden – To-Do List and
Hardy Plants
Buying a Condo? The Lowdown on Strata
Corporations
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 DEMANDFuelled by both population and employment growth,
the Canada Mortgage and Housing Corporation (CMHC)
is painting a fairly rosy outlook for the region’s residen-
tial 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 econ-
omist. “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 off er 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 SALESCMHC 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].”
HOUSE PRICESCMHC 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 STARTSHousing 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 RATESHistorically 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 eff ect.
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 signifi cant. It says, “Gradual increases
in mortgage rates from historic lows are not expected
to signifi cantly impact housing demand.”
BURNABY NEW WESTMINSTER FRIDAY, JANUARY 9, [email protected] • 604-435-7977
•2 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY JANUARY 9, 2015
JASON SOPROVICHEXCELLENCE IN THE LUXURY HOME MARKET
604.817.8812
soprovich.com
Magnifi cent Heritage Residence in Buckingham HeightsOriginated in 1892, the ‘Wintemute House’ is Burnaby’s most historical residence offering a one-of-a-kind tranquil setting complete with magnifi cent grounds, stone walls, lush landscaping, Porte Cochere and 5-car garage. This magnifi cent heritage residence is situated on a large 1/3-acre property in the heart of Burnaby’s most sought after and prestigious ‘Buckingham Heights’neighbourhood. Featuring complete privacy and approximately 5,000 sq. ft. on three sprawling levels, the home offers impeccablequality and fi nishings of yesteryear and has been meticulously maintained with the utmost of care and attention to detail. The bright open fl oorplan features 5 spacious bedrooms upstairs including a sensational master with sitting area, four gleaming bathrooms, spacious living and dining rooms with roaring fi replace, high ceilings with crown mouldings, a wonderful kitchen and eating area, a cozy family/games room with custom woodwork and ceiling detail, a private study with signature fi replace, mullion-paned heritage windows, miles of wainscoting, an elegant formal entrance and rich hardwood fl ooring – all opening through French doors to a gorgeous sunfi lled wrap-around veranda. Additionally, the home offers a crescent driveway, full basement, ample storage and sizeable attic that can be used as an extra guest bedroom or playroom for kids. Minutes to all local amenities includingMalvern, Braemar and Buckingham Parks. This exclusive estate can be yours today! PLEASE NOTE - The home is designated under the Heritage Act with The District of Burnaby and requires City approval before any exterior renovations or demolition is executed.
7640 Berkley Street, Burnaby Offered at $2,198,000
604-263-1144
Kerrisdale
604-336-3539
Main Street
604-689-8226
Yaletown
www.dexterrealty.com
JUST LISTED! $688,800
RARELY AVAILABLE!!Rarely available “Oakwood” by Intracorp.1,627 sq.ft. 3-level townhome in wonder-ful Forest Glen neighbourhood. 3 bed-room w/ 2.5 baths and 2 covered parkingstalls. Marlborough Elementary andBurnaby South Secondary school catch-ments. #24 - 6539 ELGIN AVE.SHERMAN K. LEE 604-762-4598
$659,900
AMAZING CORNER UNIT• Highly sought after SW corner unit at
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• #3507 - 6461 TELFORD AVE. SHERMAN K. LEE 604-762-4598
OPEN SAT 2-4PM $293,000
PEACE OF MINDPURCHASE
868 sq.ft. - 2 bed, updated & gorgeous.A well-managed building in a quiet &tree’d setting. Super nice bathroom,wood flrs, in-suite laundry, W/B fire-place, 1 pkg stall & tons of storage.Lovely! #102-1690 AUGUSTA GROVE. EVELYN SINGER 604-263-1144
★
507-215 TWELFTH ST $245,000
TOP FLOOR OASIS
Discovery Reach by Bosa. Topfloor unit with lots of updates.N.W. facing, open concept, park-ing, storage and more!
GO TEAM 604-263-1144
LORIPETTIGREW
www.YourRealtyDreams.com
604-649-7040
DEXTER ASSOCIATES REALTY
ALANYASIN
UNIQUE 7 BEDROOM VIEW HOMEMODERN LUXURY - Views,lifestyle. Brand new house, quietstreet, balconies with fabulousviews, air conditioning, rental suite.2-5-10 warranty. Desirable familyneighbourhood close to parks &amenities. Don’t miss out - CALL tobe added to VIP preview list.
• 306 SALES AWARDS SINCE 1984 • REBGV LIFE MEMBER WESTCOAST
www. .com
152 Sales in 2014!
OUTSTANDING AGENT ... OUTSTANDING RESULTS
CHILDCARE CENTRE + PROPERTY$1,168,000 OWNER RETIRING! RARE GOLDEN OP-
PORTUNITY to own this FULL-DAY CHILD-CARE CENTRE business & property in the most DESIRABLE LOCATION in PORT CO-QUITLAM. This 1997 built 5329 sq ̓ 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 sq ̓CORNER PROPERTY. PAY YOUR OWN MORTGAGE INSTEAD OF RENT! Purchase price includes $200,000 for BUSINESS & $968,000 for the PROPERTY.
REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY JANUARY 9, 2015 3•
604-868-2827
• EXTENSIVE EXPERIENCE IN ESTATE SALES• EXTENSIVE EXPERIENCE IN NEW CONSTRUCTION• EXTENSIVE EXPERIENCE IN RENTAL PROPERTY• #1 REALTOR IN SOUTH DELTA* • FULL MLS SERVICE• KIOSK AT RICHMOND CENTRE
• LISTINGS ON 4 WEBSITES• LARGE READABLE ADS IN REAL ESTATE WEEKLY• VANCOUVER & RICHMOND ADVERTISING• PROFESSIONAL PICTURES & BROCHURES• VIRTUAL TOUR - CRAIGSLIST - YOUTUBE• OPEN HOUSES (AT SELLER’S REQUEST)
ROBIN604-868-2844
Why Reimer's Listings Sell?Why Work with the Reimer’s?
#1 in SOUTH DELTA**MLS MEDALLION CLUB FOR 28 YEARS®
BIG ADS, BIG MARKETING & HANDS ON SERVICE
Call for a free market evaluation
- Seafair Realty 1625 56th Street, Tsaw View our listings at www.reimersrealestate.netgroup
*BASED ON # OF YEARS QUALIFYING FOR MEDALLION CLUB1983, 1984, 1985, 1986, 1987, 1991, 1992, 1993, 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012 & 2013
OPEN SAT & SUN 2-4PM963 51A STREET, TSAW.
- Gorgeous rancher with full basement- Legal 2 bedroom suite- Approx. 5200 sq.ft., triple garage- Great location, Large private west lot
OPEN SUNDAY 2-4PM#120-5518 14TH AVE, TSAW
Beautifully updated 1 bedroom condo in popular Windsor Woods. A perfect ground floor unit with oversized covered private patio that opens onto side of treed park, walkout to sidewalk from patio. Extremely quiet & private! New washer, dryer & dishwasher. New laminate flooring, mouldings & new paint. Great spacious open floor plan with large bathroom. Park on no-through street or secure underground parking. Storage unit, gas fireplace for heating, condo hot tub, sauna & large gym all included. 2 pets allowed + terrific neighbours. Next door to town centre and all amenities. You won't want to miss this one. It's a "10"! CALL 604-868-2827
$249,000
163 ENGLISH BLUFF RD
5562 SUMMER WAY 5693 9A AVENUE 4838 6TH AVENUE 5006 1A AVENUE1838 GOLF CLUB DR
4929 2A AVENUE 4949 2A AVENUE 4947 11A AVENUE517 ALLEN DRIVE
5393 WILDWOOD CRES
5171 DENNISON DR
JUSTJUST
SOLD INSOLD IN
7 DAYS7 DAYS
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4960 2A AVENUE, TSAWQuiet street with sunny southern exposed yard. This gorgeous home features 4384 sq.ft., excellent floor plan, high vaulted ceilings, gourmet kitchen, beautiful great room, 6 bedrooms, den, 8 bathrooms, 1 or 2 bedroom suite with high end finishing throughout.CALL 604-868-2844
PRICE REDUCED $1,198,000
JUSTJUSTSOLDSOLD
JUST LISTED $1,649,000
Port Coquitlam604-941-3838
Coquitlam604-931-7227
Burnaby604-421-7275
New Westminster604-525-1005 www.parkgeorgia.com
Eric FriesenManaging Broker
Grace Chung Steve Chung Nicole Clark Sam Clark Steve Collyer Gail Conzatti Mauro Conzatti Ippolita Corcione Brian Craig Sandra Craig Steve Davis Luise DiPietrantonio Sheila DhillonTracey Davies
All of us at Park Georgia RealtyPark Georgia Realty would like to give a very heartfelt Thank You to
all of our Friends, Family and Clients. Wishing all of you The Best in 2015Wishing all of you The Best in 2015
Nam Angrash Aziz Askarian Sarah Askarian Shawn (Javid) Atmani Rosemary Barnes Joanne Beckler Wolfgang Beyer Winifred
Buschner Joe Caldarella Dan Callaghan Betsy Carstairs Tony Caya Eve Chiang Peter Cho
June Warkentin Elise Weatherby Scott Whitehead Nancy Williams Andy Wrzosek Winnie Yuen Ihor Zalubniak Heather JiwanDominion Lending Mortgage
Tanya AndersonDominion Lending Mortgage
Glenn Yamada Bongju Yang
Brian WallisGlenn ToppingsCliff To Bruce Tsang Georgina TsangMohammed Sleiman Bena Slojewski Victor Song Lisa Steele Phyllis Stelting Dan Therrien Derrick Thornhill Adrian Vekic
Romeo Di Pietra Dawn Dutrizac-Larose
Elizabeth Dziewanska Deanna Edmonds Namir Faraj J. Craig Fenton Richard Ferguson Katarina Glavas Zelko Glavas Celine Godard Steven Goodwin Ed Goss Nicole Hall Rhea Hayes Rod Hayes Kristi Hayward
Hester Liang Loren Maclean Paul March Ben Marklund Lorne McCarthy Susan McEwenCelrina Ho Emma Hsu Graham Hung Raymond Javier Jad Katusa Jinkyu Kim Ed Kinnear Dennis Lam Brenda Lee Carol McLintock
Amy ShinAllan Rafiei Bruce Redmond James Rogers Mike Ronnekleiv Tej SagguRobert Miller Natalia Morin Riadh Muslih Branka Nedimovic James Ng Ravi Panwar Vivian Pearson Lowell Quesnel Kevin Schneider
R 4 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY JANUARY 9, 2015 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY JANUARY 9, 2015 R 5
•6 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY JANUARY 9, 2015
NOW OPENSHOWHOMES
Everyday at noon
(except Fridays)
� Top ranked Schools� Prime Hilltop Location with Views� Quality finishing included in the
purchase price� Quick access to major highways� Experience the difference today!
Prices and promotions are subject to change and availability without notice. E.&O.E.
Call 604.584.7273
9989 Barnston Dr. East, SurreySALES CENTRE AND DISPLAYS
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Open Daily: 12:00 - 5:00pm (except Fridays)
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REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY JANUARY 9, 2015 7•
intracorp.ca
GRAND OPENINGJanuary 24th
The Black+Whites on Foster Avenue are classic, light-filled
three-storey townhomes in Burquitlam. Sophisticated and
tailored, and yet genuine, familiar and inviting. You get your
own front door, your own yard, attached parking and
renowned Intracorp scrutiny of every last detail – at a price
that you can afford. Don’t you wish all decisions in life could
be so black+white?
Visit our two fully furnished model homes on January 24th.
Sales Centre:
548 Foster Avenue Coquitlam
blackandwhites.ca
604.998.8998
3 + 4 bedroom townhomes
1230 - 1610 square feet
PRICED FROM $500,000s
Prices and sizes are approximate. E&OE. Sales and Marketing by Intracorp Realty Ltd. Intracorp Foster Avenue Limited Partnership
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NORTH
SMART HOMES JUST STEPS TO THE EVERGREEN LINE.
MOVE IN THIS SPRING.
NET GST INCLUDED!
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BURQUITLAMSTATION SALES CENTRE + DISPLAY HOME
Burquitlam Plaza, 408 – 552 Clarke Rd., Coquitlam. Open Daily Noon – 5pm (except Fridays)
Limited time offer. Prices subject to change without notice. Please see our sales representative for further details and exact terms of this offer. E. & O.E.
604.492.0222 REGANSWALK.CAMarcon Regan Homes Ltd.
F R I D A Y , J A N U A R Y 9 , 2 0 1 5BURNABY • NEW WESTMINSTER
Looking for a newhome? Start here.
R E A L E S T A T E W E E K L Y
I n P r i n t > O n l i n e > I t ’ s A l l H e r e
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 con-
sists of a collection of 67 homes, compris-
ing studio and den, two bedroom and den,
lofts and penthouses, starting at an incred-
ibly aff ordable $99,900.
“The two-level penthouse apartments
are located on the top two fl oors 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 fi rst 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 fl oors, nine-foot ceil-
ings throughout and expansive windows.
The Zen-like bathrooms are resplendent
with marble countertops, full height frame-
less fl oating mirror and soaker tub.
The kitchens will inspire you to cook
with its contemporary wood grain or white
Shaker cabinetry, engineered quartz coun-
tertops, Frigidaire stainless steel appliance
package and sleek stainless steel under-
mount double sink (in most units).
It doesn’t stop there. Other features
include either a terrace or balcony off er-
ing 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 com-
munity, only 10 minutes away from the
downtown core.
When this 9.5 acre neighbourhood is
completed, it will be home to a village mar-
ket 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 fi rst time buyer, an
investor or simply a home buyer who appre-
ciates superior quality, this is your oppor-
tunity 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 604-864-
8948, email [email protected] or visit
www.hudsonsloft.ca.
Tentative occupancy: February 2016.
ABBOTSFORD’S HUDSON’S LOFT 2:YALETOWN FEEL WITHOUT
THE PRICE TAG