MAPLE RIDGE / PITT MEADOWS Dec 19, 2014 Real Estate Weekly
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Transcript of MAPLE RIDGE / PITT MEADOWS Dec 19, 2014 Real Estate Weekly
R E A L E S T A T E W E E K L Y
[email protected] • 604-435-7977FRIDAY DEC 19, 2014 - JAN 2, 2015
SCAN WITH LAYAROR GO TOREW.CA
FOR THESE ARTICLESAND MUCH MORE
Download Appat layar.coma
Vancouver Housing Demand to Outpace
Population Growth: Report
Tips for First-Time Buyers and “Bank of Mom and
Dad” Parents
How This Mortgage Program Can Help Fund
Your Renovations
MAPLE RIDGE PITT MEADOWS
An REW-commissioned Landcor Data Corp study
looked at the best bang for your buck in two-bed-
room condo prices in the Lower Mainland.
It found that Chilliwack/Langley/Mission led the
way with $191 per fi nished square foot, followed
by Maple Ridge/Pitt Meadows at $238. At the other
end of the scale was Downtown Vancouver, costing
an average of $743 per square foot, 74 per cent
more than Chilliwack.
The federal budget February 11 announced the
demise of Canada’s controversial investor visa
scheme, which real estate insiders said would
have an immediate eff ect on Vancouver’s high-end
housing market.
The program had allowed waves of wealthy
immigrants into Canada – mostly to Vancouver –
since 1986. Tens of thousands of Chinese million-
aires in the queue had their applications scrapped
and their fees returned.
However, despite the uproar in February, the
market seems to have seen little eff ect so far.
March revealed that Greater Vancouver home
sales in February were up an impressive 40.8 per
cent year over year, and 43 per cent higher than
January.
April’s most-read story was about the resur-
gence in popularity of the Vancouver Special
house, coinciding with the Vancouver Heritage
House Foundation’s Vancouver Special Tour.
These boxy, utilitarian houses were designed
to be quick, inexpensive knockoff s of Mid-Century
Modern architecture, and have become ingrained
in the city’s architectural and social history. Over
the last few years, this much-maligned abode has
gained newfound popularity.
Vancouver’s “condo king” Bob Rennie spoke
to a large audience at the Urban Development
Institute. He highlighted the power of the baby
boomer and millennial generations, and down-
played Vancouver’s perceived unaff ordability,
observing that 69 per cent of all home sales are to
people who already own.
“This is the most active marketplace we’ve seen
since the spring of 2011,” said Ray Harris, presi-
dent of the Real Estate Board of Greater Vancouver,
in response to the May numbers released in early
June.
“Our MLS statistics tell us that there’s more
home buyer demand today than at any point over
the last three years.”
The summer saw a resurgence in the popularity
of our 2013 story on fl oat homes, which remains
one of REW.ca’s most-read stories. We examine
what it’s like to live on a fl oat home, what the capi-
tal outlay and ongoing costs are, and the lifestyle
benefi ts – and disadvantages.
As the academic year approached, so did a
major shortage of student housing in the Lower
Mainland. Meantime, with property prices break-
ing records every month, home owners or buyers
found the need for “mortgage helpers” had never
been higher.
Our story on renting out basements to students
was one of the hottest stories in August, explain-
ing the great opportunity for owners or buyers of
homes with basement suites to cash in – and what
the risks and responsibilities are.
Bosa Properties hit the headlines across the
city in September with its new “rent-to-own”
scheme. People who rent at participating Bosa
or BlueSky Properties rental buildings have up to
15 per cent of their rent placed in a Bosa Equity
account, which can be put towards a down pay-
ment on a future Bosa or BlueSky new home
purchase. Bosa said that it wanted to “lend a
hand” to renters having a hard time saving for
homeownership.
Our most-viewed story in October was “How to
Avoid the Shock of 12 Unexpected Home Buying
Costs.” The story off ered a comprehensive list of
all of the costs associated with home buying, from
mortgage insurance to lawyers’ fees to closing
costs.
Vancouver’s falling new home prices garnered a
lot of reader attention in November, as Statistics
Canada revealed that although MLS resale prices
had seen record highs for the past fi ve months,
the new home price index in the Vancouver
Census Metropolitan Area was 1.2 per cent lower
in September than the same month in 2013.
As REW went to press, the most-viewed story
so far in December was Greater Vancouver home
sales again beating the 10-year average and out-
stripping last year’s November sales numbers,
according to the Real Estate Board of Greater
Vancouver. Prices continued to increase, with an
average lift of 5.7 per cent year over year.
The Hottest Stories of
JANUARY
MAY SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
FEBRUARY
JULY
JUNE
AUGUST
MARCH
APRIL
Watch for our next issue, published January 9, 2015
•2 REW.ca » MAPLE RIDGE / PITT MEADOWS » FRIDAY DEC 19, 2014 - JAN 2, 2015
Brookside RealtyChad August
604.318.5254604.318.5254WWW.CHADAUGUST.COMWWW.CHADAUGUST.COM
12447 189 A PITT MEADOWS
JUST SOLDJUST SOLD • Penthouse over 2200sq ft
of living space• 2 Bed, 3 bath, Amazing
views in every direction
#1003 12069 HarrisTHE ABSOLUTE MOST AMAZING CONDO
$1,368,800$1,368,800
MLS V1084060MLS V1084060
Best of both worldsDetached in a STRATA
• 2072 sqft 4 BED 3 BATH• Very large south facing
yard• Steps to village and
waterfront
NEW LISTING#19-19490
FRASER WAY $524,900
• 3 bedroom, 2 bath • Newer windows,
awnings, Natural Gas Fireplace
#268 201 Cayer St.
$94,900$94,900
NEW LISTINGNEW LISTING
CASCADA ~ 11566 224th St. WATERFRONT VIEW CONDOS
#207 1 bed + den 695sq ft $229,900
#209 2 bed + den1054 sq ft $269,900
#107 2 bed + den847sq ft $259,900
All prices include gst,move in immediately
FROM MY FAMILY TO YOURS HAPPY HOLIDAYS, AND ALL THE BEST IN 2015
THANKS FOR YOUR BUSINESS IN 2014.
FROM M
T
Jim Isherwood604-250-7755
Nicole Jackson604-467-5000
Brookside Realty
11933-224 Street, Maple Ridge • 604-467-5000
OPEN HOUSE EVERY DAY 1-4PM, CLOSED FRIDAYSSTARTING AT $159,900 RIVER'S EDGE
11580 223 Street, Maple Ridge• Only 51 amazing opportunities• Built with the highest & strictest standards of
construction• Only the fi nest materials being used• Inside the best layouts in the market place with
each sq.ft. maximized• Unbeatable location that offers spectacular
riverfront dining, easy access to town centre and Port Haney Wharf
• Buy with confi dence. Move in today!
$629,50012463 Meadow Brook Place, Maple Ridge• Backs onto Laity Farm• Stunning View• Quiet Cul-de-sac very private• Has many updates
STARTING AT $459,900
Lot 2913283 - 236 St.,Maple Ridge
• 17 Street Townhomes all with views of Fraser Valley!• No Strata Fees!• 3 bedroom homes with superior fi nishings throughout• Spacious great room leads onto large covered sundeck• Double garages & covered front verandas• Stainless Steel Appliance package• Finished basement; landscaping; fenced yard
$269,900 inc. GST
CASCADA#209 - 11566224th StreetMaple Ridge
• Perched above the mighty Fraser River• Spectacular waterfront and mountain views• 1054 sq.ft. 2 bedrooms. Wood cabinets, porcelain tiles,
deluxe stainless steel appliances including washer & dryer• Private roof top patio terrace with lounge, barbecue area & 360º million dollar views• Steps to town & West Coast Express
$514,90013328 235A St., Maple Ridge• Park-like settings & Fraser Valley views• 5 appliances, blinds• Heritage doors & baseboards • Gas fi replace• Quartz countertops and hardwood fl ooring• 10 year warranty + more!
OPEN HOUSE SAT & SUN 1-4
11580 223rd St.Maple Ridge, BC
Chad August604-318-5254Jim Isherwood604-250-7755
All suites available for Viewing, Maple Ridges Best Value in Apartments
590-1075 sq ftLarge Spacious KitchensModern Stylish Design
Low Strata Fees &3 yrs reduced city taxesSteps to W.C. Express
Some water views
MOVE IN N
OW
WaterfrontWaterfront suites in
Maple Ridge from$162,900 - $299,900
HOME OWNERSHIPFROM UNDER
$500 A month • ask us how20% NOW SOLDLots of great units remaining
Book your appointmentthrough the holidays
“FOR OUR OPEN HOUSES VISIT WWW.DANNYANDCLAUDIO.COM”
Brookside Realty 11933 224th Street Maple Ridge
DONʼT WASTE RENT - INVEST313 - 12238 224TH STREETURBANO
CENTRAL
• 730 sf apartment• F/P ~ large bdrm• Covered balcony• Use of exercise rm/rec rm• Walk to downtown amenities• Minutes to major arterial routes• Minutes to W C Express
$189,000
GORGEOUS CORNER UNIT!308 - 12020 207A STREETLIFE SIMPLIFIED...
QUICK POSSESSION!
• 887 s. f. corner unit • OVERLOOKS GREENBELT!• Granite/rich dark cabinets• Bright, open fl oor plan• Secure under ground parking• Walk to shopping• Short drive to WC Express
$219,000STEPS TO W C EXPRESS
201 22233 RIVER ROADRIVER GARDENS
240 S F DECK
• 2 bdrms PLUS den/2 baths• 1122 sq. ft.• View of greenbelt• 240 s. f. deck• Master with 4 pc bath• Rich, dark laminate• Bright, spacious kitchen
$239,000
CONDO PRICED TOWNHOME!43 11757 236TH STREET2 LEVEL T/H
GALIANO
• 2 bedroom - 2 level• 2 dogs or 2 cats• 2 parking spots• Recently done roof/gutters• Private yard• Minutes to shopping• Blocks to school
$249,000
BIG LOT-BIG HOME!!21108 - 117TH AVENUEWESTSIDE
9100 S F LOT!
• 5 bdrms - 4 baths• 2322 s f bsmnt entry• 22x12 covered deck• “In-law” 2 bdrm suite• Updated electrical/furnace• vinyl windows/roof 10 yrs• Minutes to all amenities
$479,900
FAMILY FABULOUS!11623 WARESLEY STREETBSMNT ENTRY
WESTSIDE!
• 4 bedrooms ~ 3 bath• 2170 sq. ft. bsmnt entry• Large, fenced backyard• GREAT westside location• Minutes to shopping• Minutes to W C Express• Quiet neighbourhood
$479,000SPACE TO RAISE A FAMILY!
10668 - 248A StreetHIGHLAND VISTAS
SETTLE IN
• 4 bdrms ~ 4 baths• 2171 s f 2 storey w/bsmnt• Great Room fl oor plan• Kitchen w/granite• Fully fences backyard• Minutes to schools, shopping• Short drive to W C Express
$519,000
TWO FAMILY HOME!10683 240TH STREETLEGAL SUITE
TWO FAMILY HOME!
• 5 bdrms ~ 4 baths• 3 level home at 3100 S F• 2 bdrm legal suite• 6400 s f lot• GREAT room plan• Lane access to Dble garage• Mintues to schools & shopping
$559,000
ONE WORD........STUNNING!23290 - 128TH AVENUE17300 S F LOT!
HONEY STOP THE CAR
• 5 bedrooms/3 baths• 1.5 storey/2850 s. f. • COMPLETELY renovated!• A/C heat pump• FABULOUS outdoor area• In-ground hot tub• Call for all the details!
$899,000
RANCHER W/BSMNT32865 RICHARDS STREET2.2 PRIVATE ACRES
30x40 SHOP
• 3 bdrms ~ 3 baths• 3500 s. f. 2 level• 30X40 shop w/220• Gorgeous fi r fl ooring• Slate tile fl ooring• FABULOUS kitchen• A MUST SEE!!
$899,000
REW.ca » MAPLE RIDGE / PITT MEADOWS » FRIDAY DEC 19, 2014 - JAN 2, 2015 3•
Each offi ce independently owned and operated
Maple Ridge $183,800
#109 - 12148 224th Street• Immaculate 55+ building, 1 bdrm, 1 bath & den unit
• Gas F/P, in-suite laundry, 1st fl oor, steps to elevator
• Recreation level incl: billiards, crafts, workshop
• Cafeteria, hair salon, computer lab, fi rst aid rm
• Library & social rooms for all kinds of classes
Maple Ridge $375,000
20180 Wanstead Street• Quaint rancher in the historic enclave of Hammond
• 3 bedroom, 2 bath; perfect for the young family
• French doors to bright family room off the kitchen
• Laminate, crown, roof 6 yrs, HW tank 4 yrs, shed
• Quiet street, great investment holding property
Maple Ridge $799,800
10587 245B Street• 4 bdrm sprawling executive style home in Albion
• 4500 sq/ft on 3 levels, 4 baths, nanny’s quarters
• Open kitchen & family room, French doors to patio
• Den, games room, media room & sitting room down
• RV parking, double garage, open parking for 12
Anmore $499,900
Leggett Drive• READY NOW! 9 - 43,560 sq/ft lots on Leggett Drive
• Desirable Anmore - just north of Port Moody
• Imagine building your own fantasy dream home
• Serene natural setting, minutes from lakes & parks
• Priced $499,900 to $589,900
LOTS FORSALE
★EnglewoodVillage
Exit 116
Showplace Realty 2014Showplace Realty 20149240 Young Rd., Chilliwack9240 Young Rd., Chilliwack
Dan Matheson604.791.3211
Showplace Realty 2014Showplace Realty 20149240 Young Rd., Chilliwack9240 Young Rd., Chilliwack
Peter Alexander604.997.0823
45 plus, Gated, Rancher CommunityVery near to Garrison Crossing and Vedder River Trail
Easy walking to everything you need.
www.englewoodvillage.ca
Showhome open every dayclosed Dec 23, 24, 25, 26Open Dec 27, 28, 29, 30
Closed Dec 31, Jan 1, 2 - Open Jan 3
from 12:00-4:00pmHomelife Glenayre RealtyGlennaayayayayyyrerereeeerer ReReaRRR ltyGlennayayayayyyrerereeerr ReReaRRR lty
Final Phase Now Selling
Starting from$274,900
HappyHappy Holidays!Holidays!
fromfrom The TeamThe Team atat
NAZIRABDULLA
604-467-0811
resul ts real ty
BEST WISHES FOR THE HOLIDAY SEASON
AND AHAPPY NEW YEAR
TO ALL!
LOOKING FORWARD TO DOING BUSINESS
WITH YOU IN 2015
THINKING OFBUYING OR SELLING CALL ME.
FREE MARKET EVALUATION
MAPLE RIDGE
NEW HOME $648,800
• 2 storey / bsmt• 6 Bedrooms• 4 1/2 baths• Granite counters• Legal Suite• Lots of extras
MOBILE HOME $128,800
• Double wide• 2 bedrooms• 2 baths• Sundeck• 1344 sq ft finished
GREENBELT $698,800• 2 storey / bsmt• 6 bedrooms• 3 1/2 baths• Granite Counters• 4294 sqft• Lots of extras
www.nazirabdulla.com
MAPLE RIDGE
LANGLEY
MAPLE RIDGE • PITT MEADOWS (INCLUDES MISSION LISTINGS)
R E A L E S T A T E W E E K L Y
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
F R I D A Y D E C 1 9 , 2 0 1 4 - J A N 2 , 2 0 1 5
Next issue: January 9, 2015
As we wind down for the holiday season, it’s fas-cinating to take a look back at 2014 and all it has brought to home buyers, home sellers and the real estate industry.
This time last year, our annual holiday message spoke of stable house prices that were within 1 per cent of the previous year, and of being “off the roller coaster – for now.” The same cannot be said for 2014, as most months of this year have seen record house prices for the Lower Mainland, with each month beating the previous in their inexorable rise.
But it hasn’t all been bad news for home buy-ers, as mortgage rates have held steady all year, and
fi nancing remains extremely cheap. Millennials are emerging as the next big thing to happen to the mar-ket, with fi rst-time buyers seemingly not put off by the prices – just having to be a little creative when it comes to location and fi nding the down payment (enter Bank of Mom and Dad).
So will the market continue its rise, or is there a (hard or soft) landing overdue? Check out our fi rst issue of 2015, published on January 9, to fi nd out.
In the meantime, best wishes to you all for a won-derful holiday season. And remember, REW.ca’s New Year’s resolution is to help you fi nd your dream home – so we’ll see you next year!
Wishing all our readers and clients a safe and joyful holiday season, a warm and happy home, and prosperity and fulfi llment in the New Year – with warmest wishes from all at Real Estate Weekly and REW.ca