burnaby / tri-cities jan 20, 2016 real estate weekly
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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.TRANSCRIPT
BURNABY TRI-CITIES WEDNESDAY, JANUARY 20, [email protected] • 604-435-7977
GO TOREW.CA /NEWS
TO READ THESE STORIESAND MUCH MORE REAL ESTATE
NEWS AND ADVICE
Local Developer Aims toOffer New Condos with
0% Down
Offshore Investors Make Up 7% of Vancouver Buyers:
Notaries
Home Prices in Vancouverto Rise Another 9% in 2016:
Royal LePage
2015 was a record-breaking year for Greater Vancouver real estate, with sales totalling the most ever
recorded, according to Real Estate Board of Greater Vancouver (REBGV) data released in early January.
Sales of residential properties across the year totalled 42,326, a 27.8 per cent increase when compared with the 33,116 sales recorded in 2014.
However, the number of homes listed for sale in Greater Vancouver last year increased by just 2.1 per cent year over year. With sales-to-listings ratios of more than 25 per cent for 11 out of 12 months in 2015, it was a strong sellers’ market for much of the year, said the board.
“Home buyers were active and motivated throughout 2015 despite the pressure on supply of homes on the market,” said Darcy McLeod, REBGV president. “Housing markets typically experience quieter periods within a calendar year, but that wasn’t the case in
Metro Vancouver last year.”
Sales and ListingsIn December 2015, Greater Vancouver
home sales rose 33.6 per cent year over year to 2,827 units, compared with the 2,116 sales recorded in December 2014. This is an anticipated seasonawl decline of 19.8 per cent decrease compared with the 3,524 sales in November 2015.
Broken down by housing type, detached home sales increased 36.4 per cent year over year. Unlike the previous few months, this increase was the fastest growth rate of the three property types. There were 1,136 single-family home sales in December, compared with the 833 sales in December 2014.
Townhomes and other attached properties saw a slightly slowing rate of annual sales growth in December. The 466 units sold represented a 25.6 per cent increase over the 371 units in December 2014.
Sales of condominium-apartments totalled
1,225 in December, an increase of 34.3 per cent compared with December 2014 and once more the highest total sales of the three property types.
The shortage of property listings unsurprisingly continued in December. The total number of properties listed for sale as of December 2015 in Greater Vancouver stands at 6,024, a 41.6 per cent decline compared with December 2014.
The total number of Greater Vancouver homes listed for sale last year increased by just 2.1 per cent year over year to 57,249, compared with the 56,066 properties listed in 2014.
December was the 10th consecutive month that the sales-to-active-listings ratio has been above 30 per cent in Metro Vancouver, meaning that the strong sellers’ market conditions continue to strengthen further.
Benchmark PricesMetro Vancouver’s combined residential
property type benchmark price yet again set a new record in December, now at $760,900. This is an 18.9 per cent increase compared with December 2014 and a 1.1 per cent rise over the price recorded in November 2015.
The price of a Metro Vancouver single-family home increased 24.3 per cent over December 2014 to $1,248,600. This was once again the fastest annual price growth of all the home types.
The benchmark price of a townhome or other attached unit increased 13.6 per cent between December 2014 and 2015 to $543,700.
Continuing the price surge seen in October and November, condo-apartment benchmark prices rose 14 per cent year over year again, to $436,200, refl ecting the increase in demand from buyers pushed out of the detached home and townhouse market, and the dramatically rising cost of land for new condominium development.
Vancouver Homes Sales in 2015Break Records, Rise 28%: Board
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!
•2 REW.ca » BURNABY / TRI-CITIES » WEDNESDAY JANUARY 20, 2016
390 W. 16TH AVENUE, VANCOUVERCustom 1/2 Duplex Built by JDL Homes has a large EAST facing private yard & PATIO w/gas BBQ line. Open concept main floor living space with HIGH END Appliances - Blomberg DW, FRIDGE, WASHER/DRYER. Quartz countertops in kitchen and bathrooms. Birch hardwood floors and plush carpets on 2nd floor. Master Bedroom with vaulted ceilings & ensuite with in floor heat. Quiet Heat Recovery System, alarm, sprinkler & gas fireplace. Huge crawl space with 2 access entries. Central location between Cambie and Main. Short walk to Mount Pleasant Park & Simon Fraser Elementary. Buy with Confidence, 2/5/10 Year New Home Warranty.
For more information, please call Glen Klassen 604-220-4408
$1,060,000
Sutton Group - 1st West RealtyAN INDEPENDENT MEMBER BROKER
604-942-7211www.sutton1stwest.com
Your ExperiencedLocal Realtors
Ted Yeoh604-377-0186
Lee Yau [email protected]
Peter P.T. Chan PREC604-351-2833
Surp Rai604-763-5263
Glen Klassen604-220-4408
Vivian [email protected]
WEST VANCOUVER
John Panrucker604-230-7390
Centre Realty 604.435.9477
Tony Alves604.889.7008
www.tonyalves.ca • [email protected] [email protected]
Teresa Pang604.617.0189
103-5000 IMPERIAL ST., BURNABY • $288,000Luna, this contemporary designed building located with walking distance of the Metrotown community. Making life easy with endless shopping choices, service, recreation & transportation. This one bedroom + den unit is located on the ground floor with its own private entrance and a private patio for summer BBQ. Stainless steel appliances, granite counter top, high ceiling, window seat and new paint throughout the unit. It shows like new. This is a great opportunity for 1st time buyers or investors. Shows like new - best asking price in Burnaby for one bedroom & den of this age.
OPEN HOUSE
SUNDAY 2-4 PM
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
Managing Broker206-1120 Westwood Street, Coquitlam BC, V3B 7K8T: 604 942 1389 www.evergreenwestrealty.com
58 Spruce Court $1,278,000 284B Evergreen Drive $418,000 203 April Road $1,125,000 19 103 Parkside Drive $498,800
Happy New Year!Happy New Year!"The market is off to a great start! I need homes and townhomes to sell""The market is off to a great start! I need homes and townhomes to sell"
604.763.4307604.763.4307
#10 Royal LePage Realtor in BC, 2015#10 Royal LePage Realtor in BC, 20152015201520152015 20152015
[email protected] [email protected] www.monettyler.com
SussexSussex
MonetTYLERTYLER
SOLD SOLD SOLD SOLD
REW.ca » BURNABY / TRI-CITIES » WEDNESDAY JANUARY 20, 2016 3•
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.
Brookside RealtyChad August
604.318.5254604.318.5254WWW.CHADAUGUST.COMWWW.CHADAUGUST.COM
GREAT CONDOS MOVE IN IMMEDIATELY
#207-11566 224th St • $219,900
V1142241V1142241
1 bed + den, (could be 2nd bed)
Amazing water views
Just like new investor friendly
1003-12069 Harris Rd$1,368,000
R2016194R2016194
Just under 2300sq ft 2 bed + denSpectacular views
1006-12067 Harris Rd$1,248,000
R2106903R2106903
Over 2000sq ft 2bed, den + media Great s/w views
2 PENTHOUSE UNITS 802 12069 Harris Rd$234,900
R2016695R2016695
1bed 1 bathApprox 600sq ft Golden Ears Mtn ViewsInvestor Friendly
RIVERS EDGE 11580 223rdStarting at $194,900
1bed – 1bed/den (715sq – 1075sq ft )
Water Views, Steps to W.C express
8 3 units remainingwww.dexterrealty.com
604-689-8226 Yaletown
604-336-3539 Main Street
604-263-1144 KerrisdaleTaking our
Listings Global
$237,500
Whistler-inspired condo in one of the best locations in Central Port Coquitlam. This one has it all, location, mere steps away from Coquitlam River, walking trails, Gates Park, shops, restaurants, transit! Fantastic fl oor plan, kitchen has beautiful granite countertops, stainless steel appliances, gorgeous dark wood fl oors. Cozy gas fi replace and a bonus large west-facing patio. Nice quiet setting.304-2336 WHYTE AVE.CANDACE FILIPPONI 604-809-4403
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 AVEVaune Kolber 604-506-7534
NEW LISTING $599,000
2705-651 NOOTKA WAYTHIS IS THE ONE! WELCOME HOME TO THE SAHALEE by POLYGON! Vibrant, modern, urban and well-connected - This 27th fl oor EXECUTIVE 2 BEDROOM SUB-PENTHOUSE CORNER UNIT features a panoramic wrap-around deck with views of both water and mountains; as well as 9ʼ ceilings, gourmet kitchen w/ stainless steel appliances, granite counter tops, engineered hardwood fl ooring, all wrapped up in an amazing 1,063sq.ft. of livable space, providing you with incredible room, privacy, views and quality of life!David Young 604-329-3288
2094 West 43rd AvenueVancouver, B.C.
Phone 604-263-1144Dexter Kerrisdale
1399 Homer StreetVancouver, BC
Phone: 604-689-8226Dexter Yaletown
3731 Main StreetVancouver, BC
Phone: 604-263-1144Dexter Main Street
Tony GioventuExecutive Director of Condo Homeowners Association
www.choa.bc.ca
Shannon SalterChair - Civil Resolution Tribunal
www.civilresolution.ca&
Understanding how the Civil Resolution Tribunal (CRT) will model accuracy and disclosure of information for buyers and sellers of strata properties in British Columbia. Join Shannon Salter, chair of the CRT and Tony Gioventu executive director of CHOA as they discuss the application and benefi ts of the tribunal for strata
owners, council’s, buyers and sellers. Along with updates on Depreciation Reports and general Q and A.
PRESENTS AN EVENING WITH TONY GIOVENTU“The Civil Resolution Tribunal: Strata Owner’s Access to Justice”
Wednesday, February 10th, 2016 7:00 pm - 9:00pm(Doors: 6:30 pm - Discussion: 7:00 pm followed by Q & A)
Heritage Hall, 3102 Main Street, VancouverLight refreshments will be served compliments of Dexter & Pillar To Post Home Inspections
Event is Compliments of Dexter Associates Realty & CHOALimited Seating - Please call & confi rm with a Dexter Offi ce By February 2, 2016
•4 REW.ca » BURNABY / TRI-CITIES » WEDNESDAY JANUARY 20, 2016
Krista SojkaPersonal ,Professional ,Experienced... SOLD!
Call me today!
604-375-9240www.kristasojka.com
REMAX All Points Realty Group #101 – 1020 Austin Ave. Coquitlam, BC Ph. (604) 936-0422 Fx. (604) 936-2751
OPEN HOUSE SUNDAY JANUARY 24TH 12:00-4:00 PM#411-500 Klahanie Drive, Port Moody
You'll love the peace and quiet of this bright, sunny, very well-kept top fl oor unit at Klahanie. Just steps to the new Evergreen Line station, Rocky Point Park, and all the shops and restaurants at Newport Village and Suter Brook, you can leave your car at home! And don't forget the fabulous Canoe Club with over 15,000 sq ft of amenities including outdoor pool and hot tub, exercise room, billiards & movie lounges, ball court, guest suite and more. Bonus - 500 Klahanie has its own guest suite & party room as well. Master bedroom is big enough for King Size bed, has a large ensuite and a walk-in closet. 1 extra wide parking spot, secured bike rack and storage locker complete the perfect condo living package!
NEW LISTING!NEW LISTING!
Your biggest investment deserves professional expertise, contact:Sandy Perry | 604.328.4345 | www.sandyperry.com | [email protected]
no sassno sassjust classjust class
604.328.4345604.328.4345 Regency Realty Ltd.Independent owned and operatedIndependent owned and operated
1333-56th Street, Delta, B.C. V4L 2A6
LAGOON LIVINGCosy 1 Bedroom Apartment in Windsor Woods. Enjoy morning coffee on your waterside patio on the lagoon. Lovingly cared for by present owners. Very well maintained complex. l year old roof. 201-1363 56th Street offered at $235,000.
SOLDSOLDSOLD
New Listings Direct to Your Inbox
GET YOUR FREE PROPERTY ALERTS
5111 & 5113 Ewart St., Bby • 4 Bedrooms, 3.5 bathrooms each • One bedroom suite potential • Brand new • Side by Side Duplex
OPEN HOUSE Sat., Jan 23 1pm-4pm Sun., Jan 24 1pm-4pm
Brand New Listing
Brand New Listing
REW.ca » BURNABY / TRI-CITIES » WEDNESDAY JANUARY 20, 2016 5•
•6 REW.ca » BURNABY / TRI-CITIES » WEDNESDAY JANUARY 20, 2016
In the natural setting of Coquitlam’s Burke Mountain, Colborne Lane by Polygon is a rare find. Its spacious three and four bedroom duplex homes boast breathtaking views, ample patios and yards, and gourmet kitchens with extra-large islands. Best of all is Colborne Lane’s location. Peaceful neighbourhood trails are close at hand, and so are the conveniences of SkyTrain, schools, shopping and all the amenities of Coquitlam Centre.
FAMILY HOMESON BURKE MOUNTAIN
FINAL HOMES NOW SELLING FROM $699,9003400 DEVONSHIRE AVENUE, COQUITLAMOPEN NOON TO 5 PM DAILY (EXCEPT FRIDAY)TELEPHONE: [email protected]
DEVONSHIRE AVE
DAVID AVE
HIGHLAND DR
CO
AST M
ERIDIA
N RD N
FINAL 9 HOMES!
REW.ca » BURNABY / TRI-CITIES » WEDNESDAY JANUARY 20, 2016 7•
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BURNABY • TRI-CITIES
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 > 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 , J A N U A R Y 2 0 , 2 0 1 6
Resort-style living is yours at LOUGHEED HEIGHTSThe Bosa family’s BlueSky Properties,
in partnership with Bosa Properties, award-winning builders behind some
of the Lower Mainland’s most iconic develop-ments, are once again about to change West Coquitlam’s skyline. In 2014, Bosa unveiled Uptown, a new luxury condominium devel-opment in the same neighourhood, which garnered positive reviews and sold out extremely fast.
Welcome to Bosa’s newest project Lougheed Heights. In the epicentre of this sought-after postal code – close to SkyTrain, Lougheed Town Centre, excellent schools (including SFU), shops, restaurants – a renaissance of sorts is about to rise with this master planned community. Once completed, it will consist of three towers, the fi rst being a 37-storey concrete build-ing featuring a sophisticated collection of 334 homes.
So why are home buyers excited about this newest project? For one, it will feature private resort-style amenities. Club BlueSky at Lougheed Heights will boast more than 24,000 square feet of leisure space over
three levels, showcased by a heated outdoor pool on third-fl oor rooftop complete with cabanas and lounge chairs, a barbecue ter-race with fi re pits and harvest table and chil-dren’s playground. For fi tness enthusiasts, there will be a fully equipped fi tness centre with its own basketball sport court and steam and sauna rooms.
In addition, Club BlueSky will showcase an entertainment lounge and games room, a separate private dining room and chef kitchen, a theatre screening room, two acoustically engineered music rooms and a business centre with meeting room and private study pods.
Designed by award-winning architect Chris Dikeakos, the tower will feature gen-erous decks and balconies – great for enter-taining or for taking in the sweeping views
of the cityscape. Inside these West Coast contemporary con-
dominiums, the design is understated yet sophisticated, cozy yet clean. They consist of one-, two- and three-bedroom residences varying in size from 504 to 1664 square feet. In addition, there will be two larger sub-penthouses and three penthouses on the 36th and 37th fl oors.
Most of the one bedroom homes will come standard with BosaSPACE, a functional con-cept that was recently introduced in Bosa’s University District and RiverSky communi-ties.
BosaSPACE homes will include the ExtenTABLE, which can transform from kitch-en island to long table for eight. In addition, they will also have the SleepTHEATRE, a shelving unit which slides open to reveal a
sofa/guest-bed behind the television. “West Coquitlam is set to be one of Metro
Vancouver’s most promising new communi-ties and that’s why we have invested so heav-ily in the Evergreen corridor,” says Dale Bosa, CEO of BlueSky Properties.
This community is fast becoming known as one of the most desired neighbourhoods in the city and Lougheed Heights will grow right alongside it. West Coquitlam’s reputation is that of Metro Vancouver’s next rapid transit community and Lougheed Heights is steps away from the existing Millennium Line and the future Evergreen Line.
With prices starting from $279,900, Lougheed Heights is affordable luxury in the heart of a re-energized community. The sales centre is located at 581 Clarke Road (at Como Lake Ave), Coquitlam and is now open for preview from noon to 5pm daily.
Register for more information atwww.blueskyproperties.ca, or contact the
sales team at 604-939-2677 or email: [email protected].
Tentative occupancy is slatedfor winter 2018.