burnaby / new westminster nov 21, 2014 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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market, price, fi nancing and comparative
properties in your area.
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How Changes to New Home Rules
Affect Buyers
Vancouver Sees Drop in Housing Starts in
October: CMHC
How to Turn Your Home into an Investment
Property
From the North Shore to White Rock to
UBC to Chilliwack, fi rst-time buyers con-
tinue to make inroads into the Lower
Mainland’s booming real estate market.
Spurred on by continued low interest
rates and often taking advantage of a
helping parental hand, these purchasers
are smart and committed.
Here we take a look at the top fi ve trends
among this savvy, growing demographic.
Transit OrientationEnvironmentally sophisticated, fi rst-time
buyers increasingly embrace a lifestyle
that’s less reliant on private vehicles,
meaning proximity to transit is a major
factor in where they purchase. Transit-
friendly neighbourhoods like the
Cambie Corridor, Metrotown,
Brentwood and the new
downtown Surrey are the
new superstars for this
demographic.
Many fi rst time
buyers are simply saying “no” to owning
a vehicle at all – they’ll put that extra
money toward a down payment or paying
off their mortgage faster. According to
data compiled by ICBC, some are taking it
one step further and not even bothering to
get a driver’s license.
Space and AmenitiesTo make the move from renting, many
fi rst-timers are willing sacrifi ce size as
long as the space functions well. Savvy
developers are responding with increas-
ingly innovative ways to make smaller
units multi-purpose – islands that expand
to become a dining table, sliding walls
that allow interior rooms to be separated
or combined, offi ce
nooks, and so on.
Urban amenities
are also essen-
tial to this demographic since they tend
to view them as an extension of their liv-
ing room. Many will forsake entertaining
at home altogether, preferring instead to
meet friends at the local coff ee shop or
restaurant. Bonus: no dishes to clean up
after.
Migration to the ’BurbsWhether it’s the ability to own a larger
home or simply a desire to pay less than
a comparable home in the city, moving to
the suburbs is one enticing alternative to
existing urban centres. For many, the pri-
mary motivator is being able to purchase
a bigger home with a yard. Others want
a quieter, more rural neighbourhood. Of
note are the outlying areas where, once
a critical mass of new homes is achieved,
new amenities and jobs follow. Prime
examples of this are Yorkson in Langley
and Morgan Heights in South Surrey.
The Bank of Mom and DadThe Bank of Mom and Dad (BMD) is rap-
idly becoming a fi nancial necessity for
most fi rst-time buyers. In fact, according
to a Bank of Montreal survey, about 40
per cent of fi rst-time buyers in Metro
Vancouver expect some fi nancial
assistance from parents.
“Without the help of my fi ancé’s dad, we
wouldn’t have been able to purchase a
home,” says one 26-year-old fi rst-time
home buyer, adding that their mortgage
payments will be only $300 more than
their current rent.
Anecdotal evidence also suggests many
BMDs are also allowing adult children to
remain at home longer with minimal or no
rent payments, so they can save their own
down payment.
Cyber SavvyOnline research continues gaining
momentum especially with younger fi rst-
time buyers. According to Shaadi Faris,
vice-president of Intergulf, “The extensive
online research conducted by homebuyers
is highly evident. Buyers are coming to us
with knowledge of how the purchase pro-
cess works, know what specifi c features
and dimensions they are looking for, and
have fi rm fi gures in mind.”
Social media, too, is changing how buyers
shop. Many sales representatives report
buyers coming into a presentation centre,
liking what they see, and within minutes
connecting with friends or partners for
their input.
TOP 5 HOME BUYER TRENDSFIRST TIME
BURNABY NEW WESTMINSTER FRIDAY, NOVEMBER 21, [email protected] • 604-435-7977
•2 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY NOVEMBER 21, 2014
central
www.cathychin.com www. barryplayer.com
★ ★ ★Life Member
Medallion Club
FOR A COMPLIMENTARY MARKET EVALUATION OF YOUR HOME CALL US AT 604-916-3408OPEN SUNDAY 2 - 4 $228,000
WHY PAY RENT?Live in this fabulous apartment for less than rent with heat and hot water included! Completely updated in stunning style - new kitchen and baths, granite counters, new fl oors, freshly painted, choice S.E. corner. 689 sq. ft., hot water heating, in-suite laundry & guest suite. Exceptionally well managed building. Short walk to Skytrain & bus, Lougheed Mall, Cameron Rec Centre. OPPORTUNITY IS KNOCKING. Call now to see this exciting buy!
901 - 9280 SALISH COURT Sullivan Heights, N. Burnaby
★
$378,000
#301 - 4132 HALIFAX STREETBrentwood Park, N. Burnaby
SOLD IN 1 WEEK! $419,900
#304 - 4160 ALBERT STREETVancouver Heights, N. Burnaby
$1,190,000
4740 UNION STREETCapitol Hill, N. Burnaby
$1,088,000
91 N. WARWICK AVENUECapitol Hill, N. Burnaby
$898,000
3935 HERTFORD STREETCentral Park, S. Burnaby
*NEW LISTING! $1,249,900
5771 HIGHFIELD DRIVECapitol Hill, N. Burnaby
SOLD IN 1 WEEK!
B
Bus: 604-530-0231Cell: 604.802.6703
ROYAL LePAGE Wolstencroft Realty
Gurjinder K BhurjiIndependently Owned & Operated
ROYALLePAGE Wolstencroft Realty - LangleyUnit #110-19925 Willowbrook Drive, Langley, BC V2Y 1A7Independently Owned & Operated
[email protected] www.gurjinderbhurji.com14633 84A Avenue, Surrey
A family home located in quiet Green Timbers area. Walk-ing distance to Elementary and Secondary schools plus
public transit. Minutes drive from shopping center and parks. Four spacious bedrooms upstairs. Main living area also has a den. Well maintained clean home. Updates include windows, roof, hot water tank, laminate fl ooring, tiles and carpet and paint. Double car garage. Please give 24 hrs notice to view.
NEW
LISTING
Asking $579,900
1051 Ewson St, White RockBeautiful Three Year old home in heart of White Rock. Water and Mountain views from Main and Up-per levels. High end Kitchen with Granite countertops, stain-less steel appliances, Hardwood fl ooring
throughout the home. Enjoy the natural lighting throughout the Up-per level. Main fl oor has master bedroom plus three other bedrooms all with ensuite washrooms, and a Den for offi ce work. Basement has two Bedroom legal suite with good rental income. Barbeque on a huge open deck with ocean views in the back. Close to Peace Arch Elementary and Earl Marriott High school. Shopping and Beach closeby. Seller will look at trade options.
NEW
LISTING
Asking $1,795,000
15807 Buena Vista Ave, White RockNEW REDUCED PRICE! GST INCLUDED! Beautiful White Rock home built in 2013. Total of 5 Bedrooms plus an Offi ce consists of over 4100 sqft of elegant living space. A spacious main entry with an Offi ce/Den and 2 Bedrooms with large closets and
full washrooms. The main living area is upstairs with an open concept Living room and Kitchen, taking advantage of the beautiful Ocean views. Natural lighting is a plus for the upstairs. Stainless steel appliances, plus a pantry and a large Island will make cooking in this Kitchen a pleasure. Large master bedroom, walk-in closet and a private balcony to enjoy your own personal view. Finally entertain your Guests with a Wet bar, a well designed Media room and even a games room plus spare bedroom.
NEW
LISTING
Reduced $1,199,900GST included
604-263-1144
Kerrisdale
604-336-3539
Main Street
604-689-8226
Yaletown
www.dexterrealty.com
$659,900
AMAZINGCORNER UNIT
Highly sought after SWcorner unit at Metroplace. 2bed, 2 bath w/ parking &storage locker. Great openspace and views fromevery room! MUST SEE!#3507 - 6461 TELFORD AVE.SHERMAN K. LEE604-263-1144
201-7325 ARCOLA ST $568,900
FENCEDPATIO/YARD
Garden level 3 bed/2bath with fenced patio/yard in Esprit North. 2parking, storage, gymand more. Rentals &pets allowed.
GO TEAM 604-263-1144
$469,900
RARE SKYSUITE!
The rare and exclusive SKYSUITE at the iconic MetroPlace. South-facing unitwith infinite view, as far asthe eye can see. YOu haveto come and experiencethis for yourself! #5601 -6461 TELFORD AVE. SHERMAN K. LEE604-263-1144
OPEN SUN 2-4PM $295,000
NEW PRICE!Investmnent/First-t imebuyer ALERT! Spectacular“Metro Place” byIntracorp! North Shoremountain view and stepsaway from MetrotownSkytrain station.
#501-6461 TELFORD AVE.
SHERMAN K. LEE604-762-4598
★
$293,000
PEACE OF MINDPURCHASE
868 sq.ft. - 2 bed, updated& gorgeous. A well-man-aged building in a quiet &tree’d setting. Super nicebathroom, wood flrs, in-suite laundry, W/B fire-place, 1 pkg stall & tons ofstorage. Lovely! #102-1690AUGUSTA AVE. EVELYN SINGER604-263-1144
507-215 TWELFTH ST $245,000
TOP FLOOROASIS
Discovery Reach byBosa. Top floor unitwith lots of updates.N.W. facing, openconcept, parking,storage and more!GO TEAM604-263-1144
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.
REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY NOVEMBER 21, 2014 3•
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 impeccable quality 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 thatcan be used as an extra guest bedroom or playroom for kids. Minutes to all local amenities including Malvern, 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
Prudential Sussex Realty - Jason Soprovich
An independently owned and operated brokermember of The Prudential Real Estate Affi liates, Inc.
SELL YOUR HOME FASTER AND FOR MORE MONEYWith George Gomory’s Guaranteed Homeselling SystemRE/MAX Central #1-5050 Kingsway, Burnaby (604) 433-2211 Office
Each Office Independently Owned & Operated
FREE HOME EVALUATIONS604-765-7653
GEORGE GOMORY
Call Now!
3756 PeterSuncrest
3 bdrm bungalow on 53x123 lotwith single garage off lane.
Easy to Suite
www.GeorgeGomory.com
#40-5988 Hastings St.Capitol Hill
1 bedroom condo with bed-room on upper level... very
cool!www.GeorgeGomory.com
$249,900
208 - 4275 Grange, Central Park748 sq ft 1 bedroom condo,
roof updated 2014, piping updated 2012.
www.GeorgeGomory.com
$208,000NEW LISTING
304 - 4275 Grange, Central ParkTop Floor, Professional Updated
Throughout, Mountain Views, roof updated 2014, piping updated 2012
www.GeorgeGomory.com
$299,000NEW LISTING
1605 - 71 Jamieson CtNew West - Fraserview
1457 sq ft sub penthouse with river views, 2 bed, 2 bath, 2 parking.
www.GeorgeGomory.com
$469,900NEW PRICE
320 - 10707 139th St.Whalley
Great starter 1 bdrm condo with 616 sf in suite laundry, 1 parking,
1 locker, pets & rentals ok.www.GeorgeGomory.com
$189,000
OPENSUN 2-4
SOLDSOLD#3-5983 Frances St.
Capitol Hill2 bdrm, 1.5 bathroom townhome with 2 parking. Freshly painted +
new laminate on main.www.GeorgeGomory.com
SOLDSOLD
#117 4275 Grange St.Central Park
Yaletown inspired Junior 1 bdrm with nice updates thru-out. 1
parking, 1 locker, + huge patio.www.GeorgeGomory.com
SOLDSOLD302 - 5127 Irving
ForestglenNorth East facing top floor 2 bdrm co-op
apt. with mtn views. Wonderfully updated, 2 blocks from Metrotown,
close to Royal Oak Skytrain.www.GeorgeGomory.com
SOLDSOLD1655 Howard Ave.
Parkcrest1964 Bungalow in original condition with 3 bdrms up on R2 lot (58x123) with lane access backs onto green-
belt. Build your Dream Home!www.GeorgeGomory.com
SOLDSOLD125 - 6588 Southoaks
HighGate1190 sq ft, 2 Bed and Den townhouse with 2 parking
and rooftop deck.www.GeorgeGomory.com
SOLDSOLD
SO
LD
SO
LD
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!
LOOKING TO BUY OR SELL
A HOME?
#1 - 5050 Kingsway,Burnaby, B.C. V5H 4C2
1455 Crestlawn Drive$1,265,000
1725 Hammond Avenue$743,000
#401 4868 Brentwood Drive $296,000
#203 2342 Welcher Avenue$189,800
#803 9298 University Cr., North BurnabyFor those who want the very best! Experience a quality lifestyle in this sought after prime corner unit Penthouse @ NOVO. Enjoy panoramic unobstructed views of mountains, trees and inlet from every room of this quiet and private 2 bedroom home. Spacious freshly painted living areas show better than new & include entertainment size kitchen with granite counter tops & breakfast bar, electric fi replace and much more.
Comfortable size patio/balcony area to sit outside and relax. Bonus: includes 2 parking spaces. Walking distance to SFU campus,transit and shopping.
$478,800
SOLD SOLD SOLD JUST
SOLD
•4 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY NOVEMBER 21, 2014
YourRealtorRealty.ca 604.123.4567 123 Main Street, Vancouver123 Main Street, Vancouver
SPACIOUS & EXCEPTION UNITPopular concrete building in Arbutus Village. Large patio facing the garden. Well maintained. Shows well. Large locker 3 parking spot. A nice place to come home to. 104 - 4101 Yew St.
$378,800
★ OPEN HOUSE SUNDAY 2-4PM ★
$1,698,888
AMAZING REVENUELive in with 3 mortgage helpers or hold just for revenue. 7 bdrms, 5 bathrooms - LANE WAY house! Close proximity to Canada Line, Langara College & golf and YVR. By appointment only. $1,698,888 106 West 63rd Ave.
Top Floor Corner UnitSituated on the top 2 floors is an updated 2 bed/2 bath, 1,114 sq ft apartment with vaulted ceilings above, fantastic light & an open kitchen/dining living room.405-6475 Chester St.
$669,000
Mt. Pleasant Townhouse Own your own address 1323 sq/ft 2 bed 2 bath townhouse in trendy uptown Mt. Pleasant. 2 parking, 1 locker and den. Open kitchen, gas range. Close to all amenities. 288 East 11th Ave.
$699,000
2 bed + Den in “Domus”Gorgeous 2 bedroom + Den in the sought after domus. 2 balconies, view across Yaletown to False Creek, parking & storage, pet & rental friendly building. Rarely avaliable 04 unit. 1104-1055 Homer St.
$448,800
Mrs. Smith604.123.4567
Mr. Smith604.123.4567
View Realtor videowith
View photo carouselswith
asant Townhouse Own your own addresst 2 bed 2 bath townhouse in trendy uptown
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NOW, YOU HAVE A PLACE TO KEEP IT
WE ALL HAVEBAGGAGE
NOW SELLING One of the real challenges of condo living can be not having enough
storage. At Mill House, we’ve taken care of that. Every home gets a secured personal gear
garage. There’s room for your sports gear, seasonal things, and stuff you just don’t want in your
home on a daily basis. And that means you can breathe easy – not just in the great outdoors,
but in your new home, too.
Nicely appointed 1+ Den – 3 bedroom homes with parking and
personal gear garage priced from $299,900
marcon.ca/millhouse
Sales Centre: 1268-D Lynn Valley Road, North Vancouver (Lynn Valley Mall, just north of Scotiabank)OPEN: Noon - 5pm daily except FridaysPhone: 604.986.0007
Marcon Lynn Valley Homes Ltd.Prices correct at press time. E.& O.E.
MO
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LYNN VALLEY ROAD
REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY NOVEMBER 21, 2014 5•
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LIMITED NUM
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ASK OUR SALES STAFF FOR DETAILS*
604 525 0223 THLIV
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PRESENTATION CENTRE: 702 COLUMBIA STREET, NEW WESTMINSTEROPEN DAILY 12-5PM, CLOSED FRIDAYS OR BY APPOINTMENT
TAILORED KITCHENW
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*Some conditions apply, please ask a sales representative for m
ore details. Pricing, sizing and availability are subject to change. Renderings and photography are approximate only. The developer reserves
the right to make changes to the inform
ation contained herein without notice. E.&O.E.
•6 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY NOVEMBER 21, 2014
LEARN MORE ATporte.ca/lift 604.320.3386
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Prices correct at press time and are subject to change without notice. E.& O.E.
REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY NOVEMBER 21, 2014 7•
F R I D A Y , N O V E M B E R 2 1 , 2 0 1 4BURNABY • NEW WESTMINSTER
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
R E A L E S T A T E W E E K L Y
Facing retirement and a 40+ year old
home in need of repairs, Michael and Myrna
Chen had to decide between renovating or
buying a new home.
“Our house needs a lot of renovating and
the lot is too much work for my husband,”
says Myrna of their home in Steveston.
“We had seen Zenterra’s Zen Townhomes
and really loved them. When we found
out about Hyde Park, we bought one sight
unseen.”
Other considerations for the couple
included price and location.
“We really like the location and we are
getting much more value for our dollar in
South Surrey. In addition, it’s so close to
everything and yet there are lots of trees
and green space so that you don’t feel like
you are in a big row of homes,” she says,
adding she can’t wait to live in a brand
new home.
Hyde Park is a master-planned town-
home community sitting on over 10 acres,
located minutes from Morgan Crossing.
“Three acres will remain as green space.
The fi rst phase consists of 58 homes which
we are pre-selling,” says Donna Dalkie,
Sales Manager, Zenterra Developments.
“These are beautiful transitional Arts and
Crafts designed homes, with brick and
cedar shake accents, featuring an eclectic
colour palette which has never been seen
in the area.”
The West Coast contemporary residenc-
es, ranging from 1200 to 3000 square feet,
off er a selection of two to fi ve bedroom
(some with a master on the main and built-
in wet bar in the basement) homes.
The extra-spacious interiors are dis-
tinguished by engineered laminate wide
plank fl ooring throughout the main,
sprawling windows to bring the outdoors
in and luxurious master ensuites with tile
surround. The gourmet kitchens include
your choice of Shaker-style or Italian two
toned contemporary cabinetry, islands,
quartz countertops, single slab quartz
backsplash and a premium stainless steel
appliance package.
Hyde Park will feature Zenterra’s
Signature Entertainment Wall, which was
so well received in Zen. This custom-built
wall is distinguished by a fully integrated
wire management system and accentuated
by a modern elongated electric fi replace.
Residents will enjoy exclusive entry into
the private Lancaster Club – a 5500 square
foot two-level clubhouse featuring a gym,
media room, games room, multi-purpose
sports room and a fully landscaped outdoor
patio with barbecue and seating area to
encourage a sense of community.
Hyde Park is yet another example of
the excellence and quality that Zenterra
Developments is well known for; they are
the standards the company delivered in
its last two hugely successful projects –
Zen and Boardwalk. The award-winning
developer has garnered a trusted name in
the industry.
The uncommon elegance and high-end
features appointed in every suite make
these truly beautiful homes. This is a won-
derful opportunity to be part of a scenic
and vibrant neighbourhood minutes from
great schools, parks, beaches, shopping,
culture, and entertainment.
With prices starting in the low
$400,000’s come and discover what the
excitement is all about. The Grand Opening
is slated for Saturday, Nov 29th from noon
to 6 p.m. The presentation centre is located
at 24th and 160th St. in South Surrey
(beside TD Bank). For more information,
call 604-506-1852, email donna@zenterra.
ca or visit www.hydeparkliving.ca.
Tentative occupancy is set for summer
2015.
elegant townhome that promise todeliver everything discerning buyers expect
HYDE PARK