VANCOUVER EASTSIDE Dec 17 - Dec 31, 2015 Real Estate Weekly
8
VANCOUVER EASTSIDE THURSDAY , DEC 17, 2015 - DEC 31, 2015 info@rew.ca • 604-435-7977 REAL ESTATE WEEKLY 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, financing and comparative properties in your area. Find your EXPERT Real Estate professional right here in REW.ca! Watch out for our next issue, published January 6, 2016. Happy Holidays to all our readers and customers! GO TO REW.CA /NEWS TO READ THESE STORIES AND MUCH MORE REAL ESTATE NEWS AND ADVICE Early Warnings Issued Over High-Growth Property Assessments: BC Assessment New Home Price Growth in Vancouver Continues but Slows: StatCan Ask the Expert: Should I Hire a Chinese Listing Agent to Sell my House? A s we wrap up the final edition of REW.ca for 2015, it’s time to take a look back at the year in local real estate. Which early pre- dictions came true and which were wildly off the mark? And which real estate stories blew everyone’s mind this year? Here’s a month-by-month breakdown. In January, home prices in Van couver were predicted to see a mod- est 2.8 per cent rise in 2015, accord- ing to a Royal LePage survey (a fore- cast that turned out to be way off the mark, with prices up 18 per cent year over year in November). Later that month, and after predic- tions of rises in 2015, the Bank of Canada surprised everyone by cut- ting its overnight rate to 0.75 per cent in the wake of sliding oil prices. Premier Christy Clark made headlines in February by telling the Surrey Board of Trade that it was the BC government’s plan to scrap the Property Transfer Tax. “It is abso- lutely part of our long-term plan to get rid of it,” Clark said. February also saw some conflict- ing real estate sales forecasts for 2015, with the CMHC predicting that sales across BC would actually drop 5.8 per cent this year. Even RBC’s assertion that home sales in BC would rise 10.5 per cent in 2015 fell far short of reality. One of the hottest March stories was our Frank O’Brien’s coverage of the disparity between prices of homes in West Vancouver and those a 35-minute ferry ride away. The average house in West Vancouver was selling for just over $2 mil- lion, according to March figures, compared with the Sunshine Coast, where the average house was selling for less than $350,000. Splashing across all the local and national media headlines in April was the assertion by Laurence D. Fink, head of the world’s big- gest asset management company BlackRock Inc., that Vancouver con- dos – along with those in London and New York – were a “better invest- ment than gold.” April also saw some of the key brokerages hustling to amend their earlier sales and price forecasts on the back of scorching first-quarter results – including Re/Max, which doubled its annual price rise forecast for Vancouver from three to six per cent in 2015. And they thought that was bullish... A fun lookie-loo story from May was the listing of Mayor Gregor Robertson’s Kitsilano home for $1.8 million ahead of the open-house weekend. The lovely ocean-view duplex was marketed for $223,000 more than the mayor and his then- wife bought it for two years previ- ously. The Vancouver market heated up still further, with the statistics out in May showing sales up 37 per cent year over year in April and the sell- ers’ market firmly in place. June saw a well-read and some- what controversial story about the British Columbia Real Estate Association’s assertion that foreign buyers are having an insignificant impact on Vancouver’s housing mar- ket. Skyrocketing demand and rapid price acceleration is “largely driven by land scarcity and densification policies,” while foreign investment is “insufficient to impact such a large and diverse market.” Reflecting the hot summer weath- er, statistics released in early July revealed June 2015 as the hottest June on record in terms of real estate sales. That was the second-highest sales volume ever recorded, beaten only by May 2005. Prices continued to break records, as they have every month this year, rising in June 10 per cent year over year. Also in July, the year’s second interest rate cut by the Bank of Canada dominated the headlines. REW.ca published a popular story in which finance expert Penelope Graham of RateSupermarket.ca explained what this meant for the economy and the housing market. With many alarmed at the seeming unsustainability of Vancouver real estate price rises, the CMHC reported in August that Vancouver, Victoria and Canada all remain at “low risk” of a significant price correction. And RBC forecast that prices in BC would keep rising across the rest of 2015 and into 2016, but at a slowing rate. However, as of December, there has been no sign of price growth rates slowing... Another hot August story was REW.ca’s feature on families who have made the most of Vancouver’s high prices by selling up to move permanently to their vacation cabin. September saw the much-publi- cized results of the REW.ca reader survey, which was picked up by multiple local TV and radio news shows. One key headline figure was that the Bank of Mom and Dad was enabling 75 per cent of young home buyer respondents with their down payments. Also in September, the Canadian Real Estate Association predict- ed that, by the end of the year, BC would see by far the coun- try’s biggest rise in home sales for the whole of 2015. And a much- hyped report by a CIBC economist asserted that Vancouver was see- ing Canada’s “most asymmetrical” price rises, with detached homes rising at a much faster rate com- pared with condos. The big news of October was of course the election of the new Liberal federal government under Justin Trudeau. The most-read news story of the month was the editorial on Liberal housing poli- cies and how these could affect the Vancouver housing market. Another well-read story cov- ered the sale of the first market- listed home in BC built to passive house standards (although not certified as such). The state-of- the-art property was sold in a sin- gle day at an undisclosed record price for a detached home on a 33-foot lot in East Vancouver’s Renfrew neighbourhood, accord- ing to listing agent the Klein Group. By far November’s most read REW.ca article was a photo gal- lery story showcasing the listing of a luxury West Side home for $12.8 million. REW.ca was given a tour of this magnificent home by the developer Tavan Group, and we just had to share the stun- ning photos. Right at the end of November, local mortgage broker and finance expert Peter Kinch told REW.ca that ahead of the antici- pated US Fed interest rate rise on December 16, Canadian banks have been quietly raising new variable-rate mortgages by 0.5 per cent. As REW.ca went to press in early December, the most-read story is staggering monthly statistics com- ing out of the Fraser Valley – and mirrored in Greater Vancouver – that November saw the highest sales activity for the month in 26 years. On December 11, the new Liberal Finance Minister Bill Morneau announced plans to raise the mini- mum down payment on a sliding scale from February 2016. For all these stories and much more, go to REW.ca/News. JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER YEAR IN YEAR IN REVIEW REVIEW
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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 450,000 homes across the Lower Mainland. A total of 11 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 of VANCOUVER EASTSIDE Dec 17 - Dec 31, 2015 Real Estate Weekly
VANCOUVER EASTSIDE THURSDAY, DEC 17, 2015 - DEC 31, [email protected] • 604-435-7977
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!
Watch out for our next issue, published January 6, 2016. Happy Holidays to all our readers and customers!
GO TOREW.CA /NEWS
TO READ THESE STORIESAND MUCH MORE REAL ESTATE
NEWS AND ADVICE
Early Warnings Issued Over High-Growth Property
Assessments: BC Assessment
New Home Price Growth in Vancouver Continues but
Slows: StatCan
Ask the Expert: ShouldI Hire a Chinese Listing Agent
to Sell my House?
As we wrap up the fi nal edition of REW.ca for 2015, it’s time to take a look back at the year
in local real estate. Which early pre-dictions came true and which were wildly off the mark? And which real estate stories blew everyone’s mind this year? Here’s a month-by-month breakdown.
In January, home prices in Van couver were predicted to see a mod-est 2.8 per cent rise in 2015, accord-ing to a Royal LePage survey (a fore-cast that turned out to be way off the mark, with prices up 18 per cent year over year in November).
Later that month, and after predic-tions of rises in 2015, the Bank of Canada surprised everyone by cut-ting its overnight rate to 0.75 per cent in the wake of sliding oil prices.
Premier Christy Clark made headlines in February by telling the Surrey Board of Trade that it was the BC government’s plan to scrap the Property Transfer Tax. “It is abso-lutely part of our long-term plan to get rid of it,” Clark said.
February also saw some confl ict-ing real estate sales forecasts for 2015, with the CMHC predicting that sales across BC would actually drop 5.8 per cent this year. Even RBC’s assertion that home sales in BC would rise 10.5 per cent in 2015 fell far short of reality.
One of the hottest March stories was our Frank O’Brien’s coverage
of the disparity between prices of homes in West Vancouver and those a 35-minute ferry ride away. The average house in West Vancouver was selling for just over $2 mil-lion, according to March fi gures, compared with the Sunshine Coast, where the average house was selling for less than $350,000.
Splashing across all the local and national media headlines in April was the assertion by Laurence D. Fink, head of the world’s big-gest asset management company BlackRock Inc., that Vancouver con-dos – along with those in London and New York – were a “better invest-ment than gold.”
April also saw some of the key brokerages hustling to amend their earlier sales and price forecasts on the back of scorching fi rst-quarter results – including Re/Max, which doubled its annual price rise forecast for Vancouver from three to six per cent in 2015. And they thought that was bullish...
A fun lookie-loo story from May was the listing of Mayor Gregor Robertson’s Kitsilano home for $1.8 million ahead of the open-house weekend. The lovely ocean-view duplex was marketed for $223,000 more than the mayor and his then-wife bought it for two years previ-ously.
The Vancouver market heated up still further, with the statistics out in May showing sales up 37 per cent year over year in April and the sell-ers’ market fi rmly in place.
June saw a well-read and some-what controversial story about the British Columbia Real Estate Association’s assertion that foreign buyers are having an insignifi cant impact on Vancouver’s housing mar-ket. Skyrocketing demand and rapid price acceleration is “largely driven by land scarcity and densifi cation policies,” while foreign investment is “insuffi cient to impact such a large and diverse market.”
Refl ecting the hot summer weath-er, statistics released in early July revealed June 2015 as the hottest June on record in terms of real estate sales. That was the second-highest sales volume ever recorded, beaten only by May 2005. Prices continued to break records, as they have every month this year, rising in June 10 per cent year over year.
Also in July, the year’s second interest rate cut by the Bank of Canada dominated the headlines. REW.ca published a popular story in which fi nance expert Penelope Graham of RateSupermarket.ca explained what this meant for the economy and the housing market.
With many alarmed at the seeming unsustainability of Vancouver real estate price rises, the CMHC reported in August that Vancouver, Victoria and Canada all remain at “low risk” of a signifi cant price correction. And RBC forecast that prices in BC would keep rising across the rest of 2015 and into 2016, but at a slowing rate.
However, as of December, there has been no sign of price growth rates slowing...
Another hot August story was REW.ca’s feature on families who have made the most of Vancouver’s high prices by selling up to move permanently to their vacation cabin.
September saw the much-publi-cized results of the REW.ca reader survey, which was picked up by multiple local TV and radio news shows. One key headline fi gure was that the Bank of Mom and Dad was enabling 75 per cent of young home buyer respondents with their down payments.
Also in September, the Canadian Real Estate Association predict-ed that, by the end of the year, BC would see by far the coun-try’s biggest rise in home sales for the whole of 2015. And a much-hyped report by a CIBC economist asserted that Vancouver was see-ing Canada’s “most asymmetrical” price rises, with detached homes rising at a much faster rate com-pared with condos.
The big news of October was of course the election of the new Liberal federal government under Justin Trudeau. The most-read news story of the month was the editorial on Liberal housing poli-cies and how these could aff ect the Vancouver housing market.
Another well-read story cov-ered the sale of the fi rst market-listed home in BC built to passive house standards (although not
certifi ed as such). The state-of-the-art property was sold in a sin-gle day at an undisclosed record price for a detached home on a 33-foot lot in East Vancouver’s Renfrew neighbourhood, accord-ing to listing agent the Klein Group.
By far November’s most read REW.ca article was a photo gal-lery story showcasing the listing of a luxury West Side home for $12.8 million. REW.ca was given a tour of this magnifi cent home by the developer Tavan Group, and we just had to share the stun-ning photos.
Right at the end of November, local mortgage broker and fi nance expert Peter Kinch told REW.ca that ahead of the antici-pated US Fed interest rate rise on December 16, Canadian banks have been quietly raising new variable-rate mortgages by 0.5 per cent.
As REW.ca went to press in early December, the most-read story is staggering monthly statistics com-ing out of the Fraser Valley – and mirrored in Greater Vancouver – that November saw the highest sales activity for the month in 26 years.
On December 11, the new Liberal Finance Minister Bill Morneau announced plans to raise the mini-mum down payment on a sliding scale from February 2016.
For all these stories and much more, go to REW.ca/News.
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
YEAR INYEAR IN REVIEW REVIEW
•2 REW.ca » VANCOUVER EASTSIDE » THURSDAY DECEMBER 17, 2015 - DECEMBER 31, 2015
www.vancouverres idence.com
LORNE GOLDMAN604.263.1911
lorne@vancouverres idence.com
Personal Real Estate Corporationrporation
Over 35 years of proven results and consistently in the top 1% of the real estate industry.
REW.ca » VANCOUVER EASTSIDE » THURSDAY DECEMBER 17, 2015 - DECEMBER 31, 2015 3•
MASTERDiamond Master
Medallion
BALDEV SANDHU 604-880-9571www.BaldevSSandhu.com DaveSandhu@royalpacifi c.com
JULIANA HO 778-869-9688www.JulianaHo.com [email protected] PACIFIC
R E A L T Y
- 1878 sf, 2 storeys with basement duplex- 3 bedrooms up, kitchen, 3.5 bathrooms,
hardwood floor, open parking- On a quiet street between Kingsway and
41st street- Close to park, school, shopping and
public transit
Vancouver East, CollingwoodFront Duplex, Under Construction
5490 Dundee St.
NEW LISTING $1,165,000
- An ideal lot size 40x124.04- 2 storeys with bsmt, 3480 sf main house
plus 750 sf Lane Way House & garage- Finest in workmanship, top quality material- Buyer to provide own floor plan and
colour choice are welcome
Vancouver East, Renfrew Heights Presale, build to suit, 3 storeys plus LWH
3247 E 3 Ave., Vancouver
NEW LISTING
- Spacious 2-storey, 2180 sf, back duplex
- The unit features 5 bdrms & 3.5 baths- Kitchens, living room, family room- Granite counter tops, hardwood floor,
HRV system, radiant heat
Vancouver East, Collingwood1/2 Back Duplex - 2 Storeys w/bsmt, under construction
5492 Dundee Street
NEW LISTING $1,200,000
- A corner lot on a quiet street, 2 blocks from Joyce skytrain station
- 3 storeys above ground 2060 sf house plus lane way house
- 5 bedrooms included 2 suites at basement, radiant heat, HRV, alarm system and more
Vancouver East, CollingwoodPresale, build to suit, 3 storeys plus LWH
3304 Austrey Ave.
NEW LISTING $1,758,000
- A brand new single house under construction- 1150 sf hse in 2 storeys house features with
3 bedrms up, kitchen, 3 bathrms, H/W floor, open parking
- On a quiet street between Kingsway & 41st, mins walk to public transit, park, shopping & school
Vancouver East, CollingwoodBrand new house under construction
5498 Dundee St.
NEW LISTING $750,000
- Concrete high rise apartment- Great location- Minutes walk to Metrotown & all amenities- This beautiful, well maintained one bdrm
suite, 705 sf, to enjoy a gorgeous view- Don't miss!
Burnaby SouthConcrete high rise apartment
602-4657 Hazel Street, Burnaby
NEW LISTING $353,000
- A fabulous custom 2 storey with basement
- Total area 3300 sf house with LWH
- Total 7 bedrooms, 6 bathrooms
- Granite countertop, maple wood cabinets
- Radiant floor heating, HRV and security system
- Single garage- Buyer to provide own plan &
colour choice are welcome
Vancouver East, Renfrew - Presale, Build to Suit3 storeys plus LWH - 2165 Rupert St.
NEW LISTING $1,739,000 - A fabulous Southern view on high side of Renfrew area
- Total area 3350 sf on lot size 33 ftx122 ft, 2 storey with basement plus LWH
- 8 bedrooms, 6 baths, kitchen, living rm, dinning rm
- Granite countertop, maple wood cabinets
- Radiant heat, HRV and security system
- Buyer to provide own plan & colour choice are welcome
Vancouver East, Renfrew - Presale, Build to Suit 3 storeys plus LWH - 3007 East 6 Ave.
NEW LISTING $1,998,000
- A south facing S x S 1/2 duplex, 3-storey, spacious 1975 sf with finest build
- 5 bdrms, living room, famroom & 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 E. 41 Ave., Vancouver
$1,078,000
- Investor alert! A potential huge corner lot
- C2 COMMERCIAL AND RESIDENTIAL zoning more than 1.2 acre (approx 50,000 sf) for development
- Minutes drive to Langley Town Center, Willowbrook Mall and access to Hwy 1
Langley, Brookswood LangleyHuge Development Site for Sale
4185 208th Ave., Langley
NEW LISTING
DEVELOPMENT DEVELOPMENT SITE FOR SALESITE FOR SALE
$2,990,000
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.
Merry Christmas and aMerry Christmas and aProsperous Happy New Year 2016Prosperous Happy New Year 2016
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 6 UNIT MULTIFAMILY BUILDING
453 EAST 10TH AVENUE453 EAST 10TH AVENUE
Mt Pleasant 6 Suite Building!• Big 3900 SF Income Property• 6 Suites, Character, 3 Levels• Larger 47’ X 124’ RT-5 Lot• Gross Income $76,380/yr• Suite mix: 1 X 3 Bdrm, 1 X 2 Bdrm,• 2 X 1 Bdrm, 2 Bachelor Units• Great Mt Pleasant Neighbourhood• Close to Shops, Transit, Skytrain• Single Detached Garage• Investors, Owner-Occupiers• Renovators, Developers• Asking $1,875,000
MOUNT PLEASANT 5 UNIT MULTIFAMILY BUILDING
477 EAST 10TH AVENUE477 EAST 10TH AVENUE
Mt Pleasant 5 Suite Building!• Big 3452 SF Income Property• 5 Suites, Character, 3 Levels• Income $71,580/yr, Coin Laundry• 1 X 3 Bdrm, 2 X 1 Bdrm, 2 Bachelor • Larger 47’ X 124’ RT-5 Lot• Extensively Renovated in 2000• Fully Sprinklered, 5 Electrical Meters• New Furnace, H/W Tanks, Windows • Close to Shops, Transit, Skytrain• 1 Open Parking & 3 Single Garages• Investors, Owner-Occupiers• Asking $1,878,000
FAIRVIEW MULTIFAMILY 5 UNIT BUILDING
2335 LAUREL STREET2335 LAUREL STREET
Fairview Slopes!• Legal 5 UNIT Mini Apartment Bldg• Completely Renovated to Code• Sprinklers, Separate Meters• Wiring, Plumbing, Roof (2006)• 4089 SF on 4 levels, Views• 4X1 Bdrm, 3 Bdrm 2 lvl Penthouse• Gross Income $74,640/yr, $6,220/mo• Rental Upside, Coin Laundry• Well Maintained Building• Investors, Owner-Occupiers• Shared Ownership, Families• Asking $2,050,000
SOLDOVER ASK!
6UNITS!
5UNITS!
5UNITS! LEGAL!NEW
LISTING!
BOB AND FAMILYWISH YOU & YOURS
THE VERY BEST THIS CHRISTMASAND FOR THE NEW YEAR!
IF YOU ARE THINKING OFSELLING OR BUYING INCOME PROPERTIES
CALL BOB BRACKEN 604-263-2823
•4 REW.ca » VANCOUVER EASTSIDE » THURSDAY DECEMBER 17, 2015 - DECEMBER 31, 2015
Seasons greetings from all of us here at Seasons greetings from all of us here at RE/MAX on Main StreetRE/MAX on Main Street
Adam Chahl John McLennanBroker Owner
Brian NaphtaliBroker Owner
Cory RavenManaging Broker
Alberta Rose Andre YehAndrea Hartley Anthea Poon
Ashley Avinashi Ayla White Bill Marler Corey Martin Dan Braun Darin Craig Darius Martinez Darryl Sjerven
David Jones Erica Chang Eyal Pevzner Gillian Kelly Greg Covell Greg Dent Greg Rutherford Harry Dosanjh Jack Dempsey
Jacky Levi Jacob Krause James Buonassisi Jose Rodriguez Justin Leigh Karel Palla Keith Roy Kristina Scott Liliana Esparza
Ricardo Dai Ron Basra Ruth Chuang Sandra Ens Shelley Cunningham Stephanie Hunter Steve Dunbar Susan Su Taryn Lees
Teresa Comeau Willo Jackson
Select RealtySelect Realty
604.678.3333604.678.33334806 Main Street, Vancouver, BC V5V 3R84806 Main Street, Vancouver, BC V5V 3R8
www.selectonmain.com
Marcie Panah Mary Cleaver Matt Anderson Michelle Raymond Neal Iverson Nikki Cvitanovic Pat O’Gorman Rachel Chin Randy Lim
Cara Savege David McIntyreara Savege David McIntMortgage Specialists
Dana Nixon Rita Sevak Lilliana Manea Jessy Damri Nancy TamSevak Lilliana Manea Jessy DOur Amazing Administration Staff
REW.ca » VANCOUVER EASTSIDE » THURSDAY DECEMBER 17, 2015 - DECEMBER 31, 2015 5•
$1,389,900
A very special and unique 1910 character home in the heart of Hastings Sunrise with superb panoramic views of the North Shore Mountains. Of-fering over 3,200 sq.ft., this 4 level, 7 bedroom and bathroom home is divided into two suites: basement and main fl oor (4 bedrooms) with large bay windows, fi r fl oors, detailed trim, mouldings and high ceilings – cur-rently rented at $2,200. The 3rd & 4th fl oors are owner occupied with 2 bedrooms on the 3rd fl oor together with a distinctive and large spiral stair-case leading to its one-of-a-kind Master Bedroom. This is where you’ll take in the amazing view of the North Shore mountains while sipping your cof-fee in the generous sitting area of your bedroom. This home could easily be converted into a grand 3 level home, with a basement suite. South fac-ing backyard with gardening beds await your crops and there’s a new deck on the main fl oor. Walking distance to the numerous cafes, restaurants, grocery stores, library, community centre and Hastings Elementary w/ French immersion. A unique character home in a fantastic neighbourhood.
308-1516 E. 1ST AVENUE
LIST PRICE $359,900 SOLD!
Completely gutted 2 bed, 1 sun room/den, facing South East (not on 1st Ave.)
1914 HASTINGS SUNRISE FAMILY HOME$1,198,800 Beautifully renovated 1914 char-
acter home with fantastic VIEWS towards the Mountains. Enter-tainerʼs kitchen with granite coun-tertops, S/S appliances with gas stove. Lots of original character including w/b fi replace, Fir mould-ings, coved ceilings & 2 claw foot tubs. 3 bdrms on main & 2 bdrms & den down for the garden level suite. Fenced backyard w/ full veggie garden. Fantastic Hastings Sunrise location, 1 blk from restau-rants & shopping. Laneway house potential. 2727 FRANKLIN ST.
ABSOLUTELY CHARMING CHARACTER HOME$1,198,000 Charming character home in the
heart of Hastings Sunrise. Perfect family home w/ 5 bdrms, huge mas-ter bdrm & a very bright 2 bdrm suite Original fi r fl oors, wood burning f/p & tons of windows, offering a lovely country cottage feel. The master bdrm is truly a retreat with 10 ft. vaulted ceilings, 4 pce en-suite & a stunning VIEW to the Mountains. Detached Artistʼs studio in the back yard. currently used as a workshop & rented for $700/month. Steps to shopping & schools. 2559 WILLIAM ST.
HASTINGS SUNRISE – UNIQUE CHARACTER HOME WITH NORTH SHORE VIEWS
$259,000 Rarely available 1 bedroom & den penthouse facing the South and quiet side of the building and offering a unique layout in the heart of the lively & booming Fraser Street area. Youʼll be pleasantly surprised by the spaciousness of this property, with its U-Shaped & well-ap-pointed kitchen opening onto the dining/living area garnished by a gas fi replace. Tucked away is your full bathroom, in-suite laundry and a spacious den with French doors. Re-lax on your South facing balcony with views of the neighbouring roofs and greenbelt. 1 pet (Max 15lbs), 1 parking. Rentals up to 10 units, currently at 6. Perfect for 1st time buy-ers or investors. PH1-868 KINGSWAY
TOP FLOOR SOUTH FACING (NOT ON KINGSWAY) 1 BDRM & DEN W/ IN-SUITE LAUNDRY
NEW LISTING $874,900Ocean, mountains & city views from this 2 bed, 2.5 bath NE corner townhouse on two levels located a block away from Kits beach (North of 4th). Sweeping views from every angle of the open concept top fl oor with its well-appointed kitchen and adjacent spacious dining room, comfortable living room with ca-thedral ceiling & skylight. Cozy up in from of your wood-burning fi replace while enjoying your views through large windows & French doors opening onto one of your two large covered balconies. Downstairs offers the master bedroom w/ ensuite & views, a guest bedroom w/ custom built Murphy bed & desk. Both bedrooms access your 2nd covered bal-cony. 1 pkg & 1 big storage, minutes away from all that Kitsilano has to offer! This is com-fort living at its best. 13-1620 BALSAM ST.
OCEAN, MOUNTAINS & CITY VIEWS, 2 BED,2.5 BATH TOWNHOUSE, 1 BLOCK FROM KITS BEACH
“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
$1,389,9002520 TRIUMPH ST.
Courtney OttoCourtney Otto
778-863-7973www.robinsonproperty.ca
Tyrone RobinsonTyrone Robinson
DEXTER ASSOCIATESREALTY
CHARACTER HOUSE ON TROUT LAKE
NOT ON MLS! $1,599,000
Amazing character house directly on Trout Lake with a full view of the park and wa-ter. Extremely rare opportu-nity, not even listed on MLS - avoid the bidding wars by acting fast!
Centre Realty 604.435.9477
Tony Alves604.889.7008
www.tonyalves.ca • [email protected] [email protected]
Teresa Pang604.617.0189
2565 FRANKLIN ST. • $1,398,000Welcome to this fabulous oversized Vancouver Special on the great location of Hastings & Nanaimo area. A convenient & easy walk to the cafes, shops, restaurants & public transit of trendy Hastings Sunrise area. Very spacious main floor with 3 bdrms, 2 baths, LR & DR combo & large kitchen with eating area that steps out to a huge covered deck of 20x12’, with wonderful water mtn. & downtown views. The ground level bsmt offers a good size 2 BDRM LEGAL SUITE. High ceiling & professionally finished with laundry access, one owner, well minatained home. High efficiency furnace in 08 & torched on roof 06. Move in condition. Don’t miss first showing & open house Sat & Sun 2-4, Dec. 19 & 20.
OPEN HOUSE
SAT. & SUN. 2
-4 PM
1st TIMESHOWING
Merry Christmas & Happy New YearMerry Christmas & Happy New Year
•6 REW.ca » VANCOUVER EASTSIDE » THURSDAY DECEMBER 17, 2015 - DECEMBER 31, 2015
Ramnik Dhaliwal778.239.0952
Roger Johal604.833.5162
7547 Cambie St., Vancouver, B.C. V5S 1J9
[email protected] [email protected]
Inspect, Build or Sellwe have got you covered
ATTENTION PROPERTY OWNERS AND DEVELOPERS! NOW INCREASE THE VALUE OF YOUR PROPERTY BY SUBDIVIDING, REZONING,DEVELOPING, RENOVATING ETC. WITH OUR TEAM OF SURVEYORS, ARCHITECTS, ENGINEERS AND BUILDERS.
WE HAVE 8-20 UNITS LAND ASSEMBLIES AVAILABLE IN RM-3, RM-4, RM-7 AND C-2 ZONING.
5150 Nanaimo St.,Vancouver
* 86x44 * RM-7 zoning* Survey & Architectural plans included* Build side by side strata duplex with
legal basement suites each side* $1,350,000
2384-2396 East 34th Ave.* $3,200,000* 88x89 * RM-7 Land Assembly* Potential for 9 Townhouses* Assembly of 9 stacking townhouses* Parking surface level * Survey & plans included
4412 Nanaimo St.*33.7x113*RM-7N*Hold or build side by side duplex
with legal suite* $1,350,000
NEW LISTINGNEW LISTING4715 Nanaimo St.
*36x22*RS1*Great for homestay or hold for future
development. Steps to skytrain, bus-stops, shops and restaurants
* $1,300,000
NEW LISTINGNEW LISTING4935 Georgia St.
*68x121*R4*Hold or build side by side duplex* $1,700,000
NEW LISTINGNEW LISTING
7466 Main Street,Vancouver
* 33x105 lot* RT-2 ZONING* Build old type Vancouver Special (2 level
with attached garage)* $999,999
NEW LISTINGNEW LISTING6311 Marine Dr, Burnaby
* 86’ x 95’ lot * R-5 * Build side x side 2000 sf each side* $1M plus gst each side brand new
duplex* To be completed in February 2016
3125 Charles St.*33x110 Lot*RS-1 Zoning*Beautiful view of the Mountains* $1,040,000
NEW LISTINGNEW LISTING
SOLDSOLD
1221 Rossland St.* $1,788,888 * Save GST & Build to Suit* Price includes Cost of new Construction* 3 Level House plus Laneway* 33 x 116 Lot * RS-1 ZONING
Save GSTSave GST
SOLDSOLD
2405 Franklin St.* 39’ x 122’ lot* RM-3A Multiple Family Dwelling* Mountain View* $1,350,000
NEW LISTINGNEW LISTING
REW.ca » VANCOUVER EASTSIDE » THURSDAY DECEMBER 17, 2015 - DECEMBER 31, 2015 7•
8
NORM FLOCKHART
604-328-2111
‘THE KING OF KENSINGTON’SOLD IN 2015….
4990 SHERBROOKE STREET1003 EAST 39TH AVENUE1395 EAST 34TH AVENUE
5050 SOMERVILLE STREETPLUS 20 OTHER HOMES
WISHING YOU A HEALTHY,WISHING YOU A HEALTHY,HAPPY & PROSPEROUS 2016!HAPPY & PROSPEROUS 2016! NormNorm
www.normfl ockhart.com
Happy Happy Holidays!Holidays!
fromfrom The TeamThe Team atat
VANCOUVER EASTSIDE
R E A L E S T A T E W E E K L Y
Looking for a newhome? Start here.
T H U R S D A Y , D E C 1 7 , 2 0 1 5 - D E C 3 1 , 2 0 1 5
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
Next issue: January 7, 2016
In wrapping up for the 2015 hol-iday season, it’s always worth taking a glance back over the
year and taking a look at how real estate has fared in our fair region.
Some of you will see the front cover article of this edition is our 2015 Year in Review (depending on which geographical edition you receive) – and for those of you who don’t see it, take a look at REW.ca/News to read the full-length article.
This look back over 2015 reveals what a year it really has been. Early predictions of slowing real estate price rises have been blown out of the water, with not only new record prices being set every month, but also – and more signifi cantly – the percentage rate of year-over-year increases escalating every month. Add to that a dearth of listings and sky-rocketing sales volumes, and
you’ve got one of the busiest real estate years on record.
It was also a year in which hun-dreds of you shared your real es-tate goals and opinions with us in our comprehensive REW.ca reader survey, which revealed the ex-tent to which generational wealth transfer is supporting these high prices to a considerable extent. And it was a year of record-low in-terest rates, another factor that is underwriting the high cost of local housing.
But as with previous recent years, it was the topic of overseas buy-ers that dominated mainstream media headlines when it came to real estate. However, much of the information published and the rhetoric around it did little to fur-ther the discourse or provide help-ful answers, and a great deal of disappointing fi nger-pointing and
blaming has been going on.At this time of year, it’s impor-
tant to take a look at the big pic-ture and understand how lucky we all are to even live in one of the world’s most desirable cities. A city that has been built by immigrants and pioneers from overseas.
With the Lower Mainland begin-ning to welcome the fi rst of hope-fully thousands of Syrian refugees, we at REW.ca deeply hope that our region will demonstrate to these newcomers the principals of hos-pitality and inclusiveness for all of the many creeds and cultures that make up our wonderful, diverse communities.
It looks like 2016 is shaping up to be another fascinating year and REW.ca will be back on January 6 to begin again.
Wishing you all a wonderful hol-iday season and a Happy New Year.
REW.ca would like to wish all our readers and customers a verymerry festive season and a 2016 fi lled with happiness and prosperity
