VANCOUVER EASTSIDE Feb 18, 2016 Real Estate Weekly

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VANCOUVER EASTSIDE THURSDAY, FEBRUARY 18, 2016 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! GO TO REW.CA /NEWS TO READ THESE STORIES AND MUCH MORE REAL ESTATE NEWS AND ADVICE How to Protect Your Home Sale from “Shadow Flipping” Two Cities Outside the Lower Mainland to Consider Investing In Editorial: The Difference Between Price and Worth in Real Estate J ust as people inevitably judge a book by its cover, consumers can be significantly influenced by the name what they are buying. This is equally true in real estate developments, where sometimes the pendulum of public favour can swing at light speed in a new direction, based solely on changing perceptions of a name or brand. And yes, we’re referring to last year’s storm surrounding Trump International Hotel & Tower Vancouver. Inspiration for the Perfect Name Fortunately for marketing companies, most residential development names aren’t this contentious, although finding the perfect one can still be challenging. Often a site’s topography, history, even address can provide an answer. RDG Management found a winning name by combining one site’s location adjacent to a forested ridge with its much-loved heritage as one of the city’s original pioneering farms – and The Ridge at Bose Farms was born. Now nearing completion in Vancouver, MC2’s name came about when someone suggested its location at the corner of Marine and Cambie was like Einstein’s famous equation. And in Coquitlam’s Maillardville neighbourhood, translating the street name, Blue Mountain Highway, into Mont Bleu created a standout memory point with a nod to the community’s French Canadian heritage. Sometimes inspiration comes from considering lifestyle. In Chinatown, Porte Communities realized their primary demographic would be “active and definitely a bit outside the box,” as Jeanette Chaput, director of marketing and sales, puts it. Ginger’s reputation as a spicy component of Asian cuisine reflected this perfectly. The Creative Process Typically, though, naming a building or community begins with brainstorming. Here’s when the developer, sale and marketing gurus toss their wildest, most creative ideas into the proverbial hat. Scott Brown, president of Fifth Avenue Real Estate Marketing, notes it’s common for 20 or more suggestions to be on this preliminary list. First-round cuts usually involves eliminating names that are overused, overly obscure, or trying too hard. Some will fail what Brown describes as the “snicker test” – words that if mispronounced become a joke, often one that’s in bad taste. Then there are names with a pre-existing negative connotation. “Three or four years ago, using Whalley in a name would have been a mistake. Now the area’s been rebranded, though, that could be a good thing.” Keeping it Simple After being involved in naming hundreds of projects over his more than 25 years in real estate, Brown says 3 Civic Plaza in the emerging Surrey City Centre neighbourhood was one of the most difficult to brand. “We had almost 50 names on the table at one point,” he says. “Having the lobby of a residential tower open directly onto a public plaza like this is rare, so we knew we wanted ‘plaza’ in the name. Then we looked at the fact that since its two neighbouring towers would both be civic buildings – a public library and Surrey’s new City Hall – this would be the third place-maker in a civic, community-oriented space.” Finally, the name selection had become obvious. Brown says sometimes it seems as if developers spend more time naming their buildings than they do naming their children, but tells how one developer turned that to an advantage. Although at first glance Teo and Reef by Alpha Beta Developments might seem unrelated, a family picnic would reveal both are names of the developer’s grandchildren. With a current total of seven grandchildren, it seems unlikely he’ll run out of inspiration in the foreseeable future. What’s in a Name? How Developers Choose a Building’s Moniker The Creative Process Typically, though, naming a building or community begins with brainstorming. Here’s when the developer, sale and marketing gurus toss their wildest, most connotation. Three or four years ago, using Whalley in a name would have been a mistake. Now the area’s been rebranded, though, that The Ridge at Bose Farms The Ridge at Bose Farms 3 Civic Plaza, Surrey 3 Civic Plaza, Surrey

description

Since 1978 Real Estate Weekly has been synonymous with outstanding coverage of the Greater Vancouver residential real estate market. Today, published with recycled newsprint from its own high-speed presses in Vancouver, Real Estate Weekly is delivered by British Columbia's largest courier force to over 210,000 homes across the Lower Mainland. A total of 5 separate editions comprise the Real Estate Weekly, each featuring homes for sale, new developments and quality editorial coverage of the housing industry and the communities. Real Estate Weekly, quite simply, lists more homes for sale from more Realtors than any other publication in British Columbia. Real Estate Weekly is the number one source for Lower Mainland residential real estate and the first choice of both homebuyers and Realtors for more than

Transcript of VANCOUVER EASTSIDE Feb 18, 2016 Real Estate Weekly

VANCOUVER EASTSIDE THURSDAY, FEBRUARY 18, [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!

GO TOREW.CA /NEWS

TO READ THESE STORIESAND MUCH MORE REAL ESTATE

NEWS AND ADVICE

How to ProtectYour Home Sale from“Shadow Flipping”

Two Cities Outsidethe Lower Mainland to Consider Investing In

Editorial: The Difference Between Price and Worth

in Real Estate

Just as people inevitably judge a book by its cover, consumers can be signifi cantly infl uenced by the name what they are

buying. This is equally true in real estate developments, where sometimes the pendulum of public favour can swing at light speed in a new direction, based solely on changing perceptions of a name or brand. And yes, we’re referring to last year’s storm surrounding Trump International Hotel & Tower Vancouver.

Inspiration for the Perfect NameFortunately for marketing companies,

most residential development names aren’t this contentious, although fi nding the perfect one can still be challenging.

Often a site’s topography, history, even address can provide an answer. RDG Management found a winning name by combining one site’s location adjacent to a forested ridge with its much-loved heritage as one of the city’s original pioneering farms – and The Ridge at Bose Farms was born. Now nearing completion in Vancouver, MC2’s name came about when someone suggested its location at the corner of Marine and Cambie was like Einstein’s famous equation. And in Coquitlam’s Maillardville neighbourhood, translating the street name, Blue Mountain Highway, into Mont Bleu created a standout memory point with a

nod to the community’s French Canadian heritage.

Sometimes inspiration comes from considering lifestyle. In Chinatown, Porte Communities realized their primary demographic would be “active and defi nitely a bit outside the box,” as Jeanette Chaput, director of marketing and sales, puts it. Ginger’s reputation as a spicy component of Asian cuisine refl ected this perfectly.

The Creative ProcessTypically, though, naming a building

or community begins with brainstorming. Here’s when the developer, sale and marketing gurus toss their wildest, most

creative ideas into the proverbial hat. Scott Brown, president of Fifth Avenue Real Estate Marketing, notes it’s common for 20 or more suggestions to be on this preliminary list.

First-round cuts usually involves eliminating names that are overused, overly obscure, or trying too hard. Some will fail what Brown describes as the “snicker test” – words that if mispronounced become a joke, often one that’s in bad taste. Then there are names with a pre-existing negative connotation. “Three or four years ago, using Whalley in a name would have been a mistake. Now the area’s been rebranded, though, that

could be a good thing.”

Keeping it SimpleAfter being involved in naming

hundreds of projects over his more than 25 years in real estate, Brown says 3 Civic Plaza in the emerging Surrey City Centre neighbourhood was one of the most diffi cult to brand. “We had almost 50 names on the table at one point,” he says.

“Having the lobby of a residential tower open directly onto a public plaza like this is rare, so we knew we wanted ‘plaza’ in the name. Then we looked at the fact that since its two neighbouring towers would both be civic buildings – a public library and Surrey’s new City Hall – this would be the third place-maker in a civic, community-oriented space.” Finally, the name selection had become obvious.

Brown says sometimes it seems as if developers spend more time naming their buildings than they do naming their children, but tells how one developer turned that to an advantage. Although at fi rst glance Teo and Reef by Alpha Beta Developments might seem unrelated, a family picnic would reveal both are names of the developer’s grandchildren. With a current total of seven grandchildren, it seems unlikely he’ll run out of inspiration in the foreseeable future.

What’s in a Name? How Developers Choose a Building’s Moniker

The Creative ProcessTypically, though, naming a building

or community begins with brainstorming. Here’s when the developer, sale and marketing gurus toss their wildest, most

connotation. Three or four years ago,using Whalley in a name would have beena mistake. Now the area’s been rebranded,though, that

The Ridge at Bose FarmsThe Ridge at Bose Farms

3 Civic Plaza, Surrey3 Civic Plaza, Surrey

•2 REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 18, 2016

MACDONALD REALTY LTD1575 MARINE DRIVE, WEST VANCOUVER

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Simon Coutts Personal Real Estate Corporation

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

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- Spacious 2-storey, 2180 sf, back duplex

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Vancouver East, Collingwood1/2 Back Duplex - 2 Storeys w/bsmt, under construction

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$1,165,000

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This craftsman home has just been remodelled to uncompromising standards, meticulously crafted by a master builder. Luxurious and outstanding quality, elegant high end materials & fi nishing, over 2250 square feet on three levels. Gourmet kitchen with custom cabinetry, granite countertops and Wolf stainless steel commercial gas range. Great investment opportunity or live in one unit and collect the rents from the two-bedroom legal suite. South facing back yard with a new double car garage. Quick access to shopping, restaurants, schools, transit, Kits Beach, UBC and minutes to Downtown. Open house Sunday 1-3pm. $2,380,000

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REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 18, 2016 3•

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.

•4 REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 18, 2016

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REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 18, 2016 5•

LAN 3447 WILLIAMS ST. $1,399,000

CALL US FOR A FREE HOME EVALUATION www.vancouver-homes-on-sale.com

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96 EAST 41st AVE.• Corner property • 3 suites with their own extrance, rents approx $4000

a month• Fully renovated in 2010• Quality worksmanship• Easy access to UBC, Oakridge Mall

NEW LISTING $1,499,000

LOT 3,307 S.F.

1468 EAST 21th AVE &3807 LANARK ST.

• 2 levels with 3 bedroom & 2 1/2 bathrooms• Central Cedar Cottage neighbourhood• Charles Dickens Elem. & Charles Tupper Sec. catchment• Stainless steel appliances, granite countertops• Views of the North Shore mountains

NEW LISTING $999,000 EACH

LOT 4,026 S.F.

1160 /1170 / 1188 EAST 12th AVE.• Built 2015, 2 Storeys, 1,164 s.f each• Open concept layout, 2, 5, 10 year warranty• Top quality built front and back duplexes. • Each has 3 bedrooms, 3 baths, 1 car garage• Central location, minutes to downtown • Granite counters, crown mouldings

NEW LISTING $838,000 each

OPEN SUN 2-4 PMOPEN SUN 2-4 PM

7937 10th AVE.• Central location, prime lot• 2 bdrm rancher currently rented• Steps to shopping, transit, recreation• Build 2 level 2600 sqft and a nanny house in

back lane 600 sqft

NEW LISTING $1,088,000

LOT 7,250 S.F.

2016 EAST 12th AVE. 2016 EAST 12th AVE. • Top quality built, 2015, 1/2 duplexes• 2 storeys, 1150 sf each, 3 bdrms• 2, 5, 10 year warranty, 2 1/2 baths• Lots of granite & crown mouldings

2018 EAST 12th AVE. 2018 EAST 12th AVE. SOLDSOLD

NEW LISTING $838,000 each

LOT 33X115

677 E. 59th AVE.• 4 bedrooms, 3 bathrooms• 3 level side by side duplex• One car attached garage• Potential one bedroom suite in bsmt• Open concept kitchen and living room

NEW LISTING $1,050,000

4,819 S.F.

5882 BERKELEY ST.• 2 level fully renovated home• 2 bedrooms, 1 bathroom• New hot water tank & furnace• Potential secondary suite• Walking to transit, school & park

NEW LISTING $1,288,000

LOT 4,131 S.F.

6195 BEATRICE ST.• Prime location. Level corner lot• 7 bedrooms, 4 bathrooms• Custom built 2,800 sqft house• 3 level home • Laneway house

NEW LISTING $2,488,000

LOT 33X117.5

COMING SOONCUSTOM BUILT HOUSEBUILD TO SUITSOLDSOLD

$838,000 each

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1626 E. 51st AVE.

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SOLDSOLD

$1,760,000

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JUSTJUSTSOLDSOLD

$1,760,000

2920 W. 41st AVE.

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2 LOTS - 33.5 X115 each

LOT 27.5X122

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KEEPING IT REAL (ESTATE) SINCE 19884806 Main Street, Vancouver, BC V5V 3R8 Ruth Chuang Jones Personal Real Estate Corp. Corey Martin Personal Estate Corp.

1265 East 19th Avenue $1,388,000

Located on one of the City’s designated favorite cherry tree streets, sits this charming character bungalow just a block from Charles Dickens school. Inviting from the street with new paint and fully fenced yard, the street appeal is undeniable. The owners have spent considerable time and money making this a special place to call home. The main fl oor has 2 bedrooms, living room with fi replace and built-in leaded book shelves, refi nished fi r fl ooring, etc. The kitchen has benefi ted from recent updates including countertops, cabinets, new oak fl oors. Breath-taking cedar French doors lead out to a new deck solid enough to allow a house bump up and out, and overlooks a beautiful landscaped yard perfect for bbq parties, kids, entertaining. Down is a separate really nice, bright ground level 2 bedroom suite with its own W/D currently being used as Airbnb. Great home on a 33x122 lot with RT10 zoning makes this home an excellent holding property, development opportunity, rental investment or family home with mortgage helper in a vibrant community with great access to shopping, parks, schools & transit. This one has it all!

SNEAKY PEEK THURSDAY FEBRUARY 18th 6-7 PMOPEN HOUSE SUNDAY FEBRUARY 21st 2-4 PM

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604-689-8226 Yaletown

604-336-3539 Main Street

604-263-1144 KerrisdaleTaking our

Listings Global

The True Meaning of Luxury

NOT ON MLS! $1,599,000

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1806 - 1695 Main Street.

LISA FINDLAY 778-378-8090

868 KINGSWAY $355,000

Location, location, location! Wake up to fabulous North Shore mountain views in this newly renovated 2 bed/2 bath condo just minutes away from downtown. DONʼT MISS THIS GEM OF A HOME! 309-868 KINGSWAY.LISA FINDLAY 778-378-8090

•6 REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 18, 2016

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

FINELY CRAFTED ANDINDIVIDUALLY CURATED HOMES

With 4 homes and acoach house, THE COLUMBIA

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– Completion date Spring 2016 –

Quality built byCall for more details

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75 Fernway Drive

COMING

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125 Fernway Drive $978,000

NEWLISTING

#78-2200 Panorama Drive $888,000

SOLD

REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 18, 2016 7•

$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.

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

“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. 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

BEST HIDDEN GEM IN MOUNT PLEASANT –2 BDRM, 1.5 BATH, 2 BALCONIES & 2 PARKING!

Best hidden gem in the heart of SOMA! Positioned on the North East & West corner with city & mountain views, this 2 bedroom unit is fi lled with natural light coming through windows on all 3 sides! An entertainer’s delight with its well-appointed modern kitchen opening onto a large dining area & a very roomy living room with gas fi replace & balcony perfect for BBQing (bring your house-sized furniture). Spacious master bedroom with its own 2 piece en-suite, and a 2nd guest bedroom with access to a large balcony. Both bedrooms are set away for utmost privacy. Bonus: 2 parking! In-suite laundry, lots of in-suite storage, separate storage locker and pet-friendly, all in a very well-cared for building with depreciation report, roof (2010) & exterior paint (2012). 202-2621 QUEBEC ST.

$599,000NEW LISTING

SIMMY SANDHU604-897-5880

DEXTER ASSOCIATES REALTY

FABULOUS INVESTMENT ORDEVELOPMENT OPPORTUNITY!

DONʼT MISS THIS! House on a large 40ʼ x 140ʼ lot with back lane access, on a quiet street. School is walking distance a few blocks away and in a great family ori-ented neighbourhood. House is currently rented. Great invest-ment property or development opportunity! 2268 E.40TH AVE.

604-909-0111www.SusanNinow.com

[email protected]

“Results through Experience and Integrity”

Susan NinowSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSWestside

201-2107 West 40th Ave.

TOP 1% of Royal LePageNational Network of Realtors

MASTER6 Years

Exceptional DEVELOPMENT opportunity to custom build and design your DREAM home! Located one of the few remaining single family RS-1 (FSR 70%) zoned streets. Sitting on an quiet street, with a south back yard. Flat and easy to develop! Located West of Main in the highly coveted Churchill District. Enjoy your evening walks around Langara Golf Course. Catch a movie at the new Cineplex Theatre. Quick stroll to the Canada Line and Marine Gateway shopping! Short drive to the most prestigious private schools, St. George's, York House, Crofton House, St. John's. Quick drive to Langara, UBC, Downtown, Vancouver's beaches, Oakridge, Richmond and YVR. Don't miss this opportunity! Call Susan for more details!

WESTSIDE LIFESTYLE - EAST Side Price!$1,288,000 28 East 60th Ave

NEW LISTING!

SOLD!SOLD!OOver Listver List

•8 REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 18, 2016

REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 18, 2016 9•

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•10 REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 18, 2016

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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 > 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

T H U R S D A Y , F E B R U A R Y 1 8 , 2 0 1 6

Vancouver’s New Home Prices Continue to Quicken Growth: StatCanMetro Vancouver’s new housing

price index increased again in December, further accelerating

its pace of annual growth compared with the previous month, according to Statistics Canada data released February 11.

The price of a new home in the Vancouver Census Metropolitan Area (CMA) increased 2.6 per cent year over year in December 2015 – the third-high-est annual rate of growth in the coun-try, after Toronto–Oshawa and Hamilton CMAs, as has been the trend for the past few months.

Month over month, new home prices in Vancouver rose 0.2 per cent com-pared with November’s fi gures – a com-paratively modest rise after seeing the country’s steepest monthly increases in Novemver. In December, the biggest con-tributor to Canada’s overall monthly new home price rise of 0.1 per cent was again Toronto–Oshawa.

Across BC, new housing prices rose 2.3 per cent year over year – once more the country’s second-biggest rise, after Ontario – and 0.2 per cent month over month.

Victoria CMA’s new home prices con-tinued to slide in December, yet again down 0.5 per cent compared with the same month last year and fl at compared with the previous month. As has been

the trend for many months, Victoria was one of just seven CMAs to record an annual new home price decrease in December, out of a total of 21 CMAs surveyed.

Increases in new home prices often do not refl ect those seen in the resale market, as the price paid for a new home is only measured when the transaction is completed and registered with the Land Registry, rather than when the home is originally purchased off -plan. Because of long lead times on home construction, the new home prices registered today are those homes sold many months or even years ago – whereas MLS® resale home prices are much more up to date.

The news came a few days after the CMHC reported that Vancouver Census Metropolitan Area (CMA) new home con-struction starts were trending at 20,790

units in January 2016 compared with 21,659 units in December 2015. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of housing starts.

In the same week, Statistics Canada published its monthly building permit fi gures, which suggested the drop in local housing starts will not last for long, especially in the multi-family sector.

Vancouver home building permits issued in December 2015 were valued at a total of $558 million, a rise of 98 per cent compared with the previous December, according to the statistics agency.

This near-doubling of values was led by another leap in condo-apartment building permits, which soared 171 per cent year over year to $376 million.

Single-family homes made up just shy of $114 million of December’s permit value in Vancouver, and $63 million was invested in townhomes and row homes.