vancouver eastside jun 9, 2016 real estate weekly

VANCOUVER EASTSIDE THURSDAY, JUNE 9, [email protected] • 604-435-7977

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!R E A L E S T A T E W E E K L YR E A L E S T A T E W E E K L Y

Highlighting spectacular home renovations and gor-geous newly built homes is

the annual Parade of Renovated and Custom Homes, taking place Sunday June 12.

The one-day, self-guided tour organized by the Greater Vancouver Home Builders’ Association includes 16 stunning properties located across Metro Vancouver. They range from a luxurious, con-temporary, 6,000-square-foot whole-house reno including a steel-and-glass staircase in West Vancouver to a lavish custom-built Mexican-style villa in South Surrey, and many more besides.

“We felt including custom homes better refl ected Vancouver’s cur-rent housing market and the work of our members,” said Bob de Wit, CEO of GVHBA. “Whereas a few

years ago renovators were com-monly quoting on smaller scale projects, today, homeowners sitting on new found real estate wealth are looking at complete home renovations and custom built homes.”

At each of the 16 properties, the design-build teams will be on site to talk visitors through the projects and off er their expert advice to those who are looking to do their own home renovations or custom builds.

Other highlights of the 2016 Parade include a 20-foot Eclipse and Tilt-and-Slide door that brings outdoor living into a Burnaby kitchen, an absolutely enormous kitchen island that will take your breath away in North Van, an artisan-inspired designer’s home in New Westminster and a Built

Green-certifi ed custom home in Vancouver.

Not all the properties are huge – there’s also a superbly laid-out 900-square-foot two-bedroom-and-den Vancouver laneway home for smaller-budget inspiration.

Also included are four projects currently under construction, giv-ing Parade-goers the chance to

look past the fabulous fi nishes and delve into the know-how behind these projects.

“Renovation and custom home building is as much a science today as it is about craftsmanship and design,” said de Wit. “All the com-fort we have come to expect from our homes is supported by build-ing science. I encourage anyone considering a home renovation or custom home build to take this opportunity to meet the builders and see fi rst-hand what goes into a project. Our Parade is as edu-cational as it is inspirational, and I am confi dent consumers will be just as wowed by what is behind the walls as the state-of-the-art design fi nishing.”

Admission is by passport, avail-

able at each home for $10 per person (children 17 and under are free). Passports can be purchased at any home, and then used for entry to the remaining homes. A portion of the proceeds from passport sales will help fund the purchase of tools, building mate-rials and safety gear for a car-pentry training program off ered by Guildford Park and Frank Hurt secondary schools in Surrey.

Viewing time is limited to between 10am and 4pm, so plan your own personal parade before heading out.

Go to www.gvhba.org for map, photos and location details.

Be Wowed by Spectacular Renos and New-Builds at the 2016 Parade of Renovated and Custom Homes

GO TOREW.CA /NEWS

TO READ THESE STORIESAND MUCH MORE REAL ESTATE

NEWS AND ADVICE

Metro Vancouver HomePrices up Nearly 30%

Since Last May: Board

No Housing Affordability Without Vastly Improved

Transit: Bob Rennie

Editorial: VancouverHome Buyers Beware

the FOMO Factor

•2 REW.ca » VANCOUVER EASTSIDE » THURSDAY JUNE 9, 2016

Select Proper� esSelect Proper� esIndependently Owned and OperatedIndependently Owned and Operated

Patricia Lok604.839.3871

[email protected]

Kitsilano $629,000#202-2468 Bayswater

Fabulous Kitsilano location at the Bayswater built by Mosaic Homes. Stylish 681 sq.ft. 1 bedroom that is beautifully finished. Large 140 sq.ft. balcony, perfect for entertaining. By appointment.

$1,950,0002068 East 2nd Ave.

Open Thursday 6-7 &Sat & Sun 2-4

Beautifully, completely renovated character home. Lovely family home with 3 bedrooms, 2 bathrooms up, family room and 2 mortgage helpers down. 33x122 southern lot with 2 car garage. Walking distance transit, schools and Commercial Drive shops, cafes, and restaurants. A rare find in this sought after neighbourhood for a move in ready home!

New ListingNew Listing

Fairview $1,078,000954 West 7th Ave

Enjoy False Creek, city and mountain VIEWS from your spacious balcony and family room. 3 level 1243 sf 2 bedroom/2 bath and family room in sought after Fairview slopes location.Steps to Charleson Park, seawall, transit.

New ListingNew Listing

RECIPIENT OF RE/MAX LUMINARY OF DISTINCTION AWARDWESTCOAST

[email protected]

www. .com

91 Sales so far in 2016!

OUTSTANDING AGENT ... OUTSTANDING RESULTS

6-BDRM 2-LEVEL HOME

6688 CULLODEN STREET$1,899,000

Lovely 2152 sq ̓BRIGHT & SPACIOUS family home in the most desirable location. 9 ̓ceiling on main fl oor. MAPLE FLOORING in living & dining room. MAPLE CABINETS & GRANITE COUNTERTOPS in kitchen. Gas fi replace in living room. TILE ROOF & RADIANT HOT WATER HEATING THRU-OUT. 3 bedrooms, 2 full baths on main. Basement has a 1-BEDROOM SUITE & 2-BEDROOM SUITE WITH SEPARATE ENTRANCE. Close to transit & schools. A pleasure to show!

'O' WKND 2:30-3:30 PM

604.263.2823bobbracken.com

[email protected] Bracken Real Estate ServicesEach office independently owned and operated.

R e a l E s t a t e I n v e s t m e n t T h i n k B o b B r a c k e n

HOUSES DUPLEX TRIPLEX 4PLEX 5PLEX 6+ UNITS APARTMENT BUILDINGS DEV SITES

410-650 W 41ST Avenue, Vancouver, BC V5Z 2M9

MOUNT PLEASANT LEGAL TRIPLEX

628 EAST 12TH AVENUE628 EAST 12TH AVENUE

Mount Pleasant Legal Triplex!• Big 4 Lvl Multifamily Bldg, 2728 SF• 2X1 Bdrm, 1X 2 lvl 3 Bdrm Suites• Good Condition, Mountain Views• Income $4,000/mo, $48,000/yr• Rental upside, Coin Laundry• 33’X122’ RT-5 Lot, high off street• Open Parking for 3 Cars off lane• Great Tenants, fenced rear yard• Mount Pleasant Neighbourhood• Close to Shopping, Transportation• Investors, Owner-Occupiers• Asking $1,498,000

CITY HALL MULTIFAMILY BUILDING ON BIG LOT

225 WEST 15TH AVE225 WEST 15TH AVE

City Hall Multifamily Building!• Big 4361 SF, Excellent Multiplex Bldg• 4+ Suites, 4 Levels, Lots of Character• Wood Floors, High Ceilings, Stained Glass• Income $91,000/yr with rental upside• 1X1 Bdrm, 2X1 Bdrm & Den, 2X2 Bdrm Units• Larger 50’ X 125’ RT-6 Lot with rear Lane• Signature Investment Property• Owners great place to live w Cashflow• Developers potential T-Hse, Coach Hse• Near Cambie Shops, Transit, Skytrain• Investors, Owner-Occupiers, Developers• Asking $3,788,000

MOUNT PLEASANT 3 SUITE HOUSE

2540 ST CATHERINES STREET2540 ST CATHERINES STREET

Mount Pleasant 3 Suite House!• 1X4 Bdrm,1X2 Bdrm & Bach Units• Income $4,140/mo or $49,440/yr• With Rental Upside, 2143 SF• Tenants pay Utilities• Opportunity to add Income & Value• Quiet tree-lined street• Near Vancouver Community College• Near Vancouver bicyle route• Near restaurants, shops, transit• Area of High Rental Demand• Investors, Owner-Occupiers• Asking $1,299,000

LOVELY FAMILY HOME PLUS 2 SUITES

2641 EAST 10TH AVENUE2641 EAST 10TH AVENUE

Family Home Plus 2 Suites!• Very Nice Family Home with 2 Suites• Lots of Accom and Mortgage Help• Main and Top Floors have 4 Bdrms• Down 1 X 1 Bdrm & Bachelor Suites• Both Suites rented to 1 Tenant• Opportunity to add Income & Value• Great Condition, great yard, patio• Nice quiet tree-lined street• Close to Commercial Dr Amenities• 3 Open Parking at rear of property• Investors, Owner-Occupiers• Asking $1,399,000

NEWLISTING!

4+UNITS!

3UNITS! SOLD!

LEGALTRIPLEX!INCOME!

3UNITS!

NEWLISTING!

REW.ca » VANCOUVER EASTSIDE » THURSDAY JUNE 9, 2016 3•

[email protected]

Own your home thru rental income! Legal, non-conforming 2-family home, over 3100 sq.ft., with unauthorized accommodation (3 suites total) all above ground level. Located on a 40.9x110 lot in a quiet neighorhood close to shopping, transportation and schools. Renovated 2011, views from top fl oor, spacious back and side yards. Must see to appreciate!

$ 1,688,000 $ 1,638,000

www.LFKhomes.com

Don’t Miss It! Ideal holding property in a quiet, family oriented Victoria neighbourhood. RT-11 zoned lvl 33x130.4 dplx lot with mountain views and back lane. Back extension to house in 1980 with permits, newer roof (2015). Live in, rent or build! Call for more information.

Open

Weekend

2-4pm

OpenSunday2-4pm

Duplex

Lot

NEWLISTING

GARRY DARRED604.729.7049

Royal Pacifi c Realty

2528 East 19th Avenue $2,880,000Let me present to you this brand new luxurious home built by City and Suburban Homes Ltd. Set on a quiet, tree-lined street, this home is built under New By-Laws. You will fi rst come up your lit stairwell and pass by your covered front porch. Come into your grand foyer, which is accented with stylish lighting. Your open-concept fl oor plan begins here.Your formal living room and family rooms features gas fi replaces set in a modern mantle. Gourmet kitchen comes with Bosch stainless steel appliances, quartz counters, undermount sinks and lighting, a large central island, a 5 burner gas cooktop and a separate spice kitchen.This beauty rests on 44’x110’ lot and comes with 755 square feet laneway home. Did I mention the Air Condition and top notch fi xtures? All of the above comes with: 2 separate basement suites downstairs.

SOLD

BALDEV SANDHU 604-880-9571www.BaldevSSandhu.com DaveSandhu@royalpacifi c.com

JULIANA HO 778-869-9688www.JulianaHo.com [email protected]

MASTERDiamond Master

Medallion

ROYAL PACIFICR E A L T Y

Free Market Evaluation. Sell your house fast. Buyer with Cash looking for building lot. Custom build your dream house.looking for building lot. Custom build your dream house.

Over 35 years of experience in selling and custom building houses in B.C. Over 35 years of experience in selling and custom building houses in B.C. 15 years Diamond Master Medallion Club Member, 15 years Diamond Master Medallion Club Member,

Top 1% President Club Award of All Realtors in Real Estate Board of Greater Vancouver.BALDEV SANDHU & JULIANA HO TEAMBALDEV SANDHU & JULIANA HO TEAM

Top New Home Construction AwardTop New Home Construction Award

- Fist time buyer alert! No strata fee- a single family infill in 2 storeys,- 1330 sf living area features 3 bedrooms,

2.5 bathroom, kitchen, living room- Open parking.- Don’t miss!

Vancouver East, CollingwoodSingle family in 2 storeys

5512 Dundee StreetNEW LISTING $950,000

Builder or investor alert ! A duplex lot, RT11 zoning, lot size 60 x 117 ft, ready to build 4 duplex each 1500 sf, building plan already submit to the City for approval. Existing is an very beautiful 10 years new house. Good to keep and build later. Don’t miss!

Vancouver East, CollingwoodDuplex lot for sale

5651 Earles St Vancouver

NEW LISTING $3,200,000

- A fabulous custom 2 storey with basement- Total area 3300 sf house with LWH - Total 7 bedrooms, 6 bathrooms- Granite counter top, maple wood cabinets - Radiant floor heating, HRV & security system- Single garage - Buyer to provide own plan &

colour choice are welcome

Vancouver East, RenfrewPresale, Build to Suit, 3 storeys plus LWH

2165 Rupert StreetNEW LISTING $1,950,000

- A fabulous South facing in Victoria area- Total area 3250 sf on lot size 33 x 118.502 storey with basement plus LWH- Granite counter top, maple wood cabinets - Radiant heat, HRV and security system - Buyer to provide own plan & choice are welcome

Vancouver East, VictoriaPresale, Build to Suit - 3 storeys plus LWH

2073 East 27th Avenue NEW LISTING $2,250,000

- A quality built 2000 sf duplex under construction

- 3 bedrooms above, living room, dinning room, kitchen,2 bedroom suite in basement

- 3.5 bathrooms, granite countertop, maple wood cabinets, hardwood floor,HRV system, inter-telecom

- Single garage

Vancouver East, CollingwoodSxS Duplex, 2-storey with basement under construction

5508 Dundee Street and 5502 Dundee StreetNEW LISTING

- A south facing S x S 1/2 duplex, 3-storey, spacious 1975 sf with finest built

- 5 bdrms, living room, family room & kitchens

- Granite countertop, hardwood floor, maple wood kitchen cabinets

- Radiant heat & HRV system, high efficiency heating system, garage

Vancouver East, CollingwoodSide by Side Duplex, 2 storey w/bsmt under construction

2359 East 41 Avenue$1,228,000

OPEN HOUSE SUNDAY 2-4 PMOPEN HOUSE SUNDAY 2-4 PM

A brand new duplex, back unit is just finished at a desirable area of Grandview neighbourhood. This 2-storey, 1206 sf unit with detail finishing and mordern design; living area, dining area, kitchen, 3 bedrooms at above, 2.5 bathroom, granite counter top, single garage.

Vancouver East, GrandviewBrand New Duplex, back unit

1785 E. 15th Avenue$1,198,000

OPEN HOUSE SUNDAY 2-4 PMOPEN HOUSE SUNDAY 2-4 PM

NEW LISTING

5508 - $1,263,000 5502 - $1,299,000

604-779-6644

remax crest realty

#2600 EAST 49TH AVE., VANCOUVER

2 bdrm groundlevel suite 933 sqft

Owner occupied only$349,000

9,000 SQFT BUILDING LOT

Armstrong & Caribouin Burnaby

Single FamilyReady to build

EAST VANCOUVER APARTMENT BUILDING

Stratifi ed16 unit complex

$4,700,0004+ cap rate

EXCLUSIVEEXCLUSIVE

EXCLUSIVEEXCLUSIVE

EXCLUSIVEEXCLUSIVE

MUST BE SOLDBUYERS ONLY

CITY & MOUNTAIN VIEWS


www.normflockhart.com

NORM FLOCKHART(604) 261-7275

13 Year Member of MLS Medallion Club

PREC

$1,299,000

BEAUTIFULLY MAINTAINED FAMILY HOME!With 2 BR's on Main plus a 3rd BR down, professionally renovated bathrooms up & down, & loads of updates, this is an Excellent Value! In-laid hardwood fl rs, leaded glass windows & hi-eff furnace. Steps to transit! 5280 Spencer St., Van.

OPEN SAT/SUN 3-5!

SussexSussex

20152015 20152015

#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

MonetTYLERTYLER

[email protected] ❚ 604.763.4307 ❚ www.monettyler.com

The Market is is HOTHOT!!

Call me if you'rethinking about selling!!thinking about selling!!3414 Devonshire Avenue $1,398,000

2 Kingswood Court $2,288,000 25-2000 Panorama Drive $538,00046-55 Hawthorn Drive $685,000

1241 Ellis Drive, PoCo $848,000

4 Aspen Court $1,578,000

SOLD SOLD

SOLD SOLD

SOLD

SOLD

SOLD FORSALE

COMINGSOON

IN PRINT AND ONLINE

Your go-to source for the latest Lower Mainland listings,

news and advice

Centre Realty 604.435.9477

Tony Alves604.889.7008

www.tonyalves.ca • [email protected] [email protected]

Teresa Pang604.617.0189

2049 SEMLIN DRIVE, VANCOUVER • $1,998,000

What a fantastic location this property is located on. Beautiful Downtown & Mountain views from upper floors. A good project with a lot of potential for someone. This property offers a lot of living space to work with. Could be three good sized suites. This property does need work, but hard to find such a lot and location. Newer roof. Some update in on the electrical. Showing to start on Saturday June 11th, from 2-4pm.

NEW LISTING

OPEN HOUSESATURDAY 2-4 PM


1-3 bedrooms + coach house1-3 bedrooms + coach house

FINELY CRAFTED ANDINDIVIDUALLY CURATED HOMES

With 4 homes and acoach house, THE COLUMBIA

will be an enviable place to live.Included are two 1 bedroom

garden suites, two 3 bedroomhomes above and one 2 bedroom

and den coach house.

Caesarstone quartz countertops ❙ shaker style custom cabinetrydouble hung windows ❙ stainless steel appliances

engineered hardwood fl oors ❙ extensive use of natural stonecontemporary plumbing and lighting fi xtures ❙ shingle wood siding

Details include:

Ready to move in now!

Quality built byCall for more details

Ruthie Shugarman 604.879.2941 • Paige Kraft 604.603.3475This is currently not an offering for sale. Any such offering can only be made with a disclosure statement. E.&O.E.DEXTER

ASSSOCIATES REALTY

Located at the corner of 16th Ave/Columbia St in the heart of Mt. Pleasant

Visit liveatcolumbia.com to learn more!

TOO LATE… SOLD OUT!

ANGELA JORGENSON604.710.1452www.angelajorgenson.com

Sutton Group - 1stWest Realty

Brand New Modern Home Design!814 MACINTOSH STREET, COQUITLAM

Welcome your family home to this ABSOLUTELY STUNNING, 6 bedroom home PLUS ADDITIONAL 2 bedroom basement suite. IMPRESSIVE layout offering SUPERB FUNCTIONALISM on every level. GORGEOUS outdoor living space featuring a COZY fi replace & kitchen allowing for FABULOUS entertaining! Your VAULTED MASTER bedroom offers a MARVELOUS ensuite & BEAUTIFUL balcony. The main fl oor affords a GREAT guest bedroom with it’s own full bathroom. Your basement creates the PERFECT space for a recroom complete with wet bar as well as a 2nd guest bedroom. Parking is not a problem here as your TRIPLE CAR GARAGE will accommodate all your vehicle needs as well as ADDITIONAL PARKING for your suite. This home will defi nitely not disappoint!

OPEN HOUSE: SATURDAY, JUNE 11 & SUNDAY, JUNE 12, 1-4PM

$2,348,888 GST included in price

• Move in ready

• GST included in purchase price

• 2 bdrm, legal suite with private entrance

• Modern, fresh and bright contemporary design

• Fully fenced and landscaped

• Sought after area and quiet street


CATHIECLINE.COM

SKIPSHOMES.COM

604-263-1144

DEXTER ASSOCIATES REALTY

$320,000

OPEN SAT/SUN 2 – 4PMLarge 1 Bed & Den!

Come fi nd this 780 sq ft 1 Bed and Den with large rooms, ground fl oor corner apartment with wood burning fi replace. So close to downtown, next to McGill Park and affordable! 1 parking stall and storage locker.

110-2390 McGill St $1,398,000

HASTINGS SUNRISE HOMEThis 1927 character home is ready for you! Inside, fi nd upgraded plumbing and wiring, new 200AMP service to the house with 100AMP service to the garage, a renovated bathroom with cast iron claw foot tub and tile surround. Downstairs is ready to be fi nished into a suite or living space for you to enjoy. A large garage out back with upgraded electrical service could be a shop, parking/storage & studio. And the South facing back yard is a gardenerʼs delight with apple, peach, Green Gage plum and Yuzu citrus trees. 2652 FRANKLIN ST.

2652 FRANKLIN ST.

www.dexterrealty.com

604-689-8226 Yaletown

604-336-3539 Main Street

604-263-1144 KerrisdaleTaking our

Listings Global

★2825 E. 43RD AVE. $2,380,000

OPEN SUN 2-4PMPrime Killarney Area.

RS-1 Lot.MLS R2048113

Mateen Qureshi604-488-9874

NEW LISTING $539,000

PH15 – 688 E. 17th AVE BRIGHT & MODERN

Penthouse suite at the “Mondella”. 180 degree views from 109 sq. ft. patio. 5 min-utes to downtownKevin Banno 604-300-3165

104 – 228 E14th Ave

OPEN SAT/SUN 2-4PMHUGE GARDEN PATIO!

• Unbeatable location!• A new life? • A new relationship? • A new baby?• Rarely available!Philip Rogers 604-808-4623

★

$599,000

“Your East Vancouver Real Estate Experts!”

L i s a M a c I n t o s h Te a m - D e x t e r A s s o c i a t e s R e a l t yMedallion Club - Top 10% of Realtors in Greater Vancouver

Photos & Visual Tours at: www.lisamacintosh.comEmail: [email protected] Tel: 604-263-1144

Lisa MacIntosh Diane Kunic-Grandjean

TROUT LAKE & THE DRIVE – FANTASTIC FRONT ½ DUPLEX - 3 BED & 2.5 BATH!Fabulous front 1/2 duplex on a 33x127 lot, a stone throw away from Trout Lake and The Drive! It has it all: 3 spacious bed on the upper fl oor, including a master bed with large window with North Shore Mountain views, a newly renovated en-suite and 2nd full bath with jetted tub. The main fl oor offers a unique layout: very airy, spacious living room with substantial ceiling height, gas fi replace and a bay window overlooking the front yard. Sizeable dining area eas-ily welcoming a party of 8, adjacent to a well-appointed U-shaped kitchen with plethora of storage and granite countertops. Separate large pantry-laundry room. Enjoy the front & side gardens which sizes can rival that of a house. New windows throughout, new fence & front stairs. Transit, Restaurants, Fun, Parks all at your doorstep. This is East Van living at its best!

$1,149,900NEW LISTING

1656 East 13th Avenue

3444 W. 5TH AVE. $2,950,000Sitting across from McBride Park in the heart of Kitsilano, this 1925 Craftsman offers yesterday's cachet with today's comfort. Beautifully restored character home with all of the original Fir trim work lovingly refi nished. The foyer's wainscot-ing sets the tone for the main fl oor: a spacious front reading room/den, a large living room with fi replace opening onto a dining room designed for entertaining. In the mood for a BBQ? Open your French doors and step onto your gigantic South facing deck! Upstairs offers 3 sizeable bdrms, the front bdrm has a unique attached crafts room. BONUS-a full height basement with a self-contained 1 bdrm suite (done with per-mits) with its own south facing patio. The front & back gardens are enjoyed from every window, creating an Urban Oasis on this 46x120 lot.

1925 CRAFTSMAN BEAUTY IN THE HEART OF KITSILANO – 4 BED, 2.5 BATH W/LEGAL SUITE

2733 FRANKLIN ST. $1,699,000What a beauty! Welcome to this 1914 Crafts-man Bungalow Heritage "B" lovingly & patiently restored to its current glory! The large foyer gives the tone w/its beautiful wainscoting, 9'4" ceiling height & hwd fl ooring. Cozy up by the fi replace in your comfortable lvg rm drenched by natural light, host your loved ones in the ad-jacent large dng room while marvelling at the Tudor ceiling & superb built-in dresser. The 3 sizeable bed & charming 1,5 bath w/claw foot tub will house your family for a very long time. Airy modern kitchen & eat-in area from which to access a lush fenced backyard & detached garage. The bsmt offers 2 bed suite & a large separate area which could be a rec/family room for you. A unique gem in beloved Hastings Sunrise!

HASTINGS SUNRISE UNIQUE 1914 CRAFTSMAN BUNGALOW IN SUPERB CONDITION

3203 W.3rd Ave. $1,898,900Located on the North of 4th, this very spacious front 1771 square foot ½ duplex sits on the South-East corner, offering 3 generous beds, 2.5 baths on 3 levels & is one not to be missed! Relax in the top fl oor secluded master bed w/ lounge area & large en-suite bathed by natu-ral sunlight coming from numerous skylights & South facing windows. The 2nd fl oor has 2 more sizeable bedrooms, and a large en-suite. The main fl oor houses your kitchen w/ eat-in area, a large foyer w/ powder room and an open concept dining-living room opening onto your South facing ample private patio. Beautiful h/w fl oor in most rooms, closet/storage galore throughout & 1 car detached garage. Bring your house furniture, they will fi t! This is Kitsilano living….

KITSILANO NORTH OF 4TH – ½ DUPLEXSOUTH EAST CORNER LOT – 3 BED, 2.5 BATH

229-2033 TRIUMPH ST. $319,900Beautifully renovated 1 bdrm suite in the heart of Hastings Sunrise. This South facing unit is light & bright with a sun-drenched South facing balcony. Updated Ikea kitchen and bathroom, laminate fl oor throughout. Large in-suite storage. Additional storage locker with secured parking. Very well maintained building – fully re-plumbed in 2012, new roof in 2006, healthy contingency fund & depre-ciation report. Rentals & pets (one dog or cat) allowed. Fabulous location - just down the street to Parallel 49 micro-brewery, Red Wagon Restaurant, Don-aldʼs Market, only 10 minutes to down-town & short stroll to The Drive.

HASTINGS SUNRISE RENOVATED SOUTH FACING 1 BEDROOM IN A GREAT BUILDING!


Nestled on the hillside at Simon Fraser University,

Veritas by Polygon is a limited collection of one

plus den and two bedroom apartment residences

in the unique campus community of UniverCity.

Enjoy mountainside living in an environment of

academia and nature, with move-ins this year!

Two bedrooms priced from $389,900

HigherLiving.HigherLearning.

8999 Cornerstone Mews, Burnaby

Open Noon to 6pm Daily (except Friday)

604.298.9965 [email protected]

NOW OPEN


escape the everyday

FROM LOUNGING BY THE POo L TO ENJOYING A ROUND OF GOLF OR FISHING AND HIKING IN BRIDAL FALl S,

THIS IS HOW LIFE IS MEANT TO BE LIVED

53480 BRIDAL FALLS ROAD, BRIDAL FALLS 604.745.4104

NOW SELl ING!

SAVE $10,000COTt AGES FROM $214,900OPEN HOUSE 11 – 4 DAILYDiscoverBridalFalls.com


VANCOUVER LUXURY.

ABBOTSFORD PRICES.

Presentation Centre is now open daily (except Fridays)

from 12 – 5 pm at 2180 Gladwin Road,

Abbotsford.

GENEROUSLY SIZED674 SF TO 1,680 SF*

FROM THE HIGH $200’S

MAHOGANY, A SPECTACULAR NEW COLLECTION OF LUXURY HOMES. WITH 26 STOREYS OF CONCRETE CONSTRUCTION, INCREDIBLE VIEWS AND GENEROUS AMENITIES OVERLOOKING BEAUTIFUL MILL LAKE.

Marketed by GLOBEWEST - Multiple Realty Ltd. and Quantum Realty Inc. Managed by the Quantum Properties Group of Companies.

LIVINGMAHOGANY.COM 778.255.9990

60% SOLD OUT


FortisBC uses the FortisBC name and logo under license from Fortis Inc. (16-121.6 04/2016)

Jim’s testing the watersHe does the work. You get the benefits.As FortisBC’s innovative technologies manager, Jim tests new energy-saving technologies that one day may help our customers. The success of his water heater pilot led to our ENERGY STAR® Water Heater Program. So you can upgrade your water heater and get a rebate — plus save energy costs for years to come.

That’s energy at work.

fortisbc.com/watersavings $1,000 R E B AT E

UPTO

VANCOUVER EASTSIDE T H U R S D A Y , J U N E 9 , 2 0 1 6

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

R E A L E S T A T E W E E K L Y

Looking for a newhome? Start here.

The “fear of missing out” is one of the key factors driving buyers to snap up all available listings,

resulting in the “frenzied” real estate market so far this year, according to a quarterly report by Urban Analytics on behalf of the Urban Development Institute.

UDI’s Q1 2016 State of the Market report, released this week, said, “While the current local economic fac-tors seem reasonably strong, anecdotal analysis would suggest that the robust sales activity in the real estate sector of late can also be attributed to a ‘fear of missing out’ sentiment among pro-spective buyers in the marketplace.”

The report, which examines new home sales and housing starts in Metro

Vancouver, observed that the local new home market set new records in 2016’s fi rst quarter.

“A combined total of 6,231 newly built multi-family home sales were recorded in Q1 2016, up 18 per cent from the previous six-year record set last quarter. Frenzied home sales activ-ity across the region has resulted in new lows for released new home inven-tory. At the end of the quarter, there were only 3,010 new multi-family homes available to purchase, down 64 per cent from the released 8,260 units recorded in Q1 2015.”

It added, “The townhome sector con-tinues impress, with a record 1,268 sales reported in Q1 2016. Based on the 227 released and unsold new town-

home units reported at the end of the quarter, there is an estimated two weeks’ supply of this product type in the market. Strong townhome sales can be attributed to a growing number of prospective purchasers seeking a family-oriented housing form and can no longer afford a single family home in the neighbourhood of their choice.”

The authors pointed to an overall increase in Metro Vancouver’s net pop-ulation in 2016’s fi rst quarter, up 7,200 people – although it noted that this is a slower rate of growth than the same period in 2015. It said this overall increase was attributable to a rise in interprovincial migrants, since international migration was negative in the quarter.

The report added that housing starts in the quarter were up 13 per cent year over year, resulting in the current ratio of 1.9 new Metro Vancouver residents per housing start, down from the 2.3 recorded in Q4 2015. “While this ratio is still considered to be healthy, it matches the previous four-year low and should be monitored closely to see if a potential trend is establishing,” reported the authors.

To read the full report, which includes detailed breakdowns of the Metro Vancouver housing market by property type and sector, go to udi.bc.ca/policy/publications

“Fear of Missing Out” Partly Driving Vancouver’s Hot New Home Market: UDI Report

vancouver eastside jun 9, 2016 real estate weekly

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