BURNABY / NEW WESTMINSTER Nov 21, 2014 Real Estate Weekly

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,

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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

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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!

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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!

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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

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3756 PeterSuncrest

3 bdrm bungalow on 53x123 lotwith single garage off lane.

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#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.


$208,000NEW LISTING

304 - 4275 Grange, Central ParkTop Floor, Professional Updated

Throughout, Mountain Views, roof updated 2014, piping updated 2012


$299,000NEW LISTING

1605 - 71 Jamieson CtNew West - Fraserview

1457 sq ft sub penthouse with river views, 2 bed, 2 bath, 2 parking.


$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

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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

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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

[email protected]

Mr. Smith604.123.4567

[email protected]

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WE ALL HAVEBAGGAGE

NOW SELLING One of the real challenges of condo living can be not having enough

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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.

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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

BURNABY / NEW WESTMINSTER Nov 21, 2014 Real Estate Weekly

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Transcript of BURNABY / NEW WESTMINSTER Nov 21, 2014 Real Estate Weekly