VANCOUVER EASTSIDE Jan 28, 2016 Real Estate Weekly

VANCOUVER EASTSIDE THURSDAY, JANUARY 28, [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!

In case you haven’t yet heard the news: going green isn’t just cool, it’s cost eff ective, too. There are plenty

of home upgrades that can transform your home into a lean, energy-effi cient, money-saving (and money-making) green machine. What’s even better is that they won’t cost you all that much to implement. So when it comes time to put your home on the market, even you’ll be impressed.

Harness Solar PowerAll right, home owners. Are you ready

for some science? Almost all the energy needed to power our planet comes directly from the sun. Which means that, when harnessed, the heat from the sun’s rays is powerful enough to generate electricity in your home without emitting harmful carbon dioxide into the atmosphere (greenhouse gases), which is what happens when oil and coal (fossil fuels) are burned for energy. So the process of creating solar energy, or more appropriately, solar thermal energy by way of solar panels, is a clean and

renewable one that produces just as much electricity simply by concentrating the sun’s light into a specifi c area. The best part? After the panels are paid for and installed, electricity is completely free.

As the earth’s population grows and the health of our planet becomes more and more delicate, the need to choose alternative energies grows stronger and more urgent. The great news is that these green home improvements are becoming easier to incorporate into our lives and designs. In recent years the cost of solar power has dropped, and many states off er incentives like tax credits to purchase solar power. Some utility companies will also off er fi nancial incentives to buy, making solar panels one of the most

benefi cial and lucrative green upgrades you can do for your home.

Green Your RoofAccording to the US Department of

Energy, normal or dark-coloured rooftops can reach temperatures of up to 66 degrees C, which means your cooling system is working hard to regulate the temperature. In order to counteract these eff ects there are a few diff erent methods for converting your roof into a cool roof – all of which depend on your preferences and budget. If you are considering a simpler and less costly adjustment, you can use a cool roof coating that allows you to coat the surface of your roof in a thick, paint-like material that has special refl ective

pigments to reduce heat absorption. These are available for most rooftops and are the easiest to add on.If you are in need of a new roof and want to convert it to a more energy-effi cient version, it’s also helpful to consider the fact that replacing and installing a green roof is no more expensive than a standard rooftop, so weigh your options and choose your rooftop materials accordingly.

Landscape for Curb AppealIt might sound unlikely, but a little shrub

can make a big diff erence when it comes to increasing the value of your home. Nice landscaping can immediately make your home seem more attractive at fi rst glance, which is helpful when it’s on the market. So plant and grow a garden, add some shrubbery to give it a full and abundant look and, above all, plant trees!

Trees not only look great, they also release more oxygen into the atmosphere, which is good for everyone. What’s more, planting larger trees for shade can help decrease your home’s cooling costs, and make your house more energy-effi cient.

If your New Year’s resolution is to go greener at home, here are some great tips from

energy-efficient home website Modernize

THREE GREEN UPGRADES THAT THREE GREEN UPGRADES THAT ADD VALUE TO YOUR HOMEADD VALUE TO YOUR HOME

By Bryn Huntpalmer, Modernize.com

GO TOREW.CA /NEWS

TO READ THESE STORIESAND MUCH MORE REAL ESTATE

NEWS AND ADVICE

How to MaximizeIncome from a

Mortgage Helper Suite

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their Solutions

Editorial: WhyVacant Home Tax Idea is Not a

Vacant Home Tax

•2 REW.ca » VANCOUVER EASTSIDE » THURSDAY JANUARY 28, 2016

www.normflockhart.com

NORM FLOCKHART(604) 261-7275

12 Year Member of MLS Medallion Club

PREC

YOUR LISTING HERE!CALL NORM FOR A COMPLIMENTARY

MARKET EVALUATION NOW!

SOLD OUT!SOLD OUT!

www.dexterrealty.com

604-689-8226 Yaletown

604-336-3539 Main Street

604-263-1144 KerrisdaleTaking our

Listings Global

868 KINGSWAY

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

2995 TURNER ST. $2,588,000

66 ̓X 132 ̓CORNER LOT(HASTINGS SUNRISE)

RSI prime corner level unit in Hastings Sunrise. Need I say more? Excellent location, close to schools, tran-sit, shopping. 3 bdrm home in good condition with new roof & furnace. Please call for details.MARILOU APPLEBY 604-318-9566

$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). 206-2621 QUEBEC ST.

$599,000NEW LISTING

www.dexterrealty.com

604-689-8226 Yaletown

604-336-3539 Main Street

604-263-1144 KerrisdaleTaking our

Listings Global

868 KINGSWAY

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

2995 TURNER ST. $2,588,000

66 ̓X 132 ̓CORNER LOT(HASTINGS SUNRISE)

RSI prime corner level unit in Hastings Sunrise. Need I say more? Excellent location, close to schools, tran-sit, shopping. 3 bdrm home in good condition with new roof & furnace. Please call for details.MARILOU APPLEBY 604-318-9566

REW.ca » VANCOUVER EASTSIDE » THURSDAY JANUARY 28, 2016 3•

OPEN HOUSE SUNDAY 1-3 PM3410 West 8th Ave., Vancouver

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. $2,680,000

Sutton Centre RealtyAN INDEPENDENT MEMBER BROKER

[email protected]

Courtney OttoCourtney Otto

778-863-7973www.robinsonproperty.ca

[email protected]

Tyrone RobinsonTyrone Robinson

DEXTER ASSOCIATESREALTY

NOT ON MLS! $1,599,000

CHARACTER HOUSE ONTROUT LAKE

Amazing character house directly on Trout Lake with a full view of the park and water. Extremely rare opportu-nity, not even listed on MLS - avoid the bidding wars by acting fast! 3030 VICTORIA DR.COURTNEY OTTO 604-351-0278TYRONE ROBINSON 778-863-7973

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 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

BIG BURNABY HOUSE WITH 3 SUITES

4518 BRENTLAWN DRIVE4518 BRENTLAWN DRIVE

Burnaby House with 3 Suites!• Big 5 Bdrm, 2 Bath Family Home• Plus 2 Big Suites Down• Larger 51’ X 122’ R10 Lot• Suite mix: 1 X 5 Bdrm, 1 X 2 Bdrm,• Plus 1 X 2 Bdrm & Den Units• Newer Windows, Roof, Furnace,• Hot Water Tanks, Drain Tile• Lots of Open Parking at back• Excellent Holding Property• Close to Brentwood Mall, Transit• Investors, Owner-Occupiers• Asking $1,388,000

COMMERCIAL DRIVE 8 UNIT APARTMENT BUILDING

2313 VICTORIA DRIVE2313 VICTORIA DRIVE

Commercial Dr 8 Unit Building!• Legal 6613 SF Apartment Building• Built 1908 by Architect A. J. Wilkinson• 8 Suites, 4 Levels, Original Character• Bannisters, High Ceilings, Bay Windows• Income $147,768/yr, Cap Rat 4.1%• 1 X 3 Bdrm, 3 X 2 Bdrm, 4 X 1 Bdrm Units• Larger 45’ X 110’ RT-5 Lot, fenced yard• 9 Electric Meters and 9 Gas Meters• Near Commercial Drive Shops, Transit• Signature Property with Cash Flow• Investors, Owner-Occupiers• Asking $2,980,000

MOUNT PLEASANT UPDATED LEGAL DUPLEX

780-782 EAST 15TH AVENUE780-782 EAST 15TH AVENUE

Mount Pleasant Legal Duplex!• Like New, Character, Legal Duplex• 2, Bright 1150 SF, 2 Bdrm Suites• Plus Additional 1250 SF Accom• 3 Lvls, 3550 SF, 6 Bdrms, 3 Baths• Totally Renovated with Permits• Income $3,800/mo, $45,600/yr• Potential $5,500/mo, $66,000/yr• Landscaped Yard, 3/4 Parking• Mount Pleasant Neighbourhood• Close to Shopping, Transportation• Investors, Owner-Occupiers• Asking $1,598,000

SOLDOVER ASK!

SOLDOVER ASK!

5UNITS!

3UNITS!

DUPLEXPLUS!

8UNITS!

NEWLISTINGS!

NEWLISTINGS!


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.


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

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

MASTERDiamond Master

Medallion

ROYAL PACIFICR E A L T Y

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

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

Top 1% President Club Award of All Realtors in Real Estate Board of Greater Vancouver.

- 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 $1,225,000

- 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 bdrms, 6 baths, kitchen, living rm, din rm- Granite countertop, maple wood cabinets - Radiant heat, HRV and security system - Buyer to provide own plan & colour choice are welcome

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

3007 East 6 Ave.


- 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


- 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.


- 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 $788,000

- 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 quality built 1745 sf duplex under construction- 3 bedrooms at above, living room, dinning

room, kitchen, 2 bedroom suite at basement - 3.5 bathrooms,granite counter top, maple

wood cabinets, hardwood floor, HRV system, inter-telecom

- Single garage.

Vancouver East, CollingwoodSxS Duplex, 2-storey with bsmt under constr.- 5508 Dundee St.-5502 Dundee St. $1,275,000


- 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

$1,115,000

- An ideal lot size 40x124 ft with gorgeous 180 degree view in Renfrew area.

- Floor plan for 4050 sf house in 3 storeys plus LWH is processing in City of Vancouver.

- Price to sell.

Vancouver East, RenfrewBig Lot for Sale3247 E. 3rd Ave.


BALDEV SANDHU & JULIANA HO TEAMBALDEV SANDHU & JULIANA HO TEAMTop New Home Construction AwardTop New Home Construction Award

- 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, RenfrewPresale, Build to Suit, 3 storeys plus LWH

2165 Rupert St.


- 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 East 3 Ave., Vancouver


BIG LOTBIG LOTFOR SALEFOR SALE

PERSONAL REAL ESTATE CORPORATION

2012

SIMONCOUTTSPERSONAL REAL ESTATE CORPORATION

MACDONALD REALTY LTD1575 MARINE DRIVE, WEST VANCOUVER

www.simoncoutts.com2012

[email protected] Coutts Personal Real Estate Corporation

Mount Pleasant is not only one of Vancouver’s most historic neighbourhoods,

it is also one of the hottest. Vantage Cityhomes is a heritage style collection

of private row-homes close to all that SOMA has to offer - shops, cafes,

restaurants, etc. From patio, you can see the city lights, the North Shore

mountains, & far beyond. This stunning 2 level, 2 bed, 2 bath townhome

offers an open concept kitchen w/ granite countertops, s/s appliances, ample

cupboard space & breakfast bar. Clean lines, vaulted ceilings, & beautiful

flooring add to the sense of space & light in this 1,054 sqft quality built home.

W/ secured parking & storage, this well managed boutique complex offers so

very much. Open house Thu Jan 28, 7-9pm - food and drinks will be served.

Heritage Style Home

2276 ST. GEORGE STREET $875,000

OPEN SAT/SUN 2-4

NEWLISTING


LAN 3447 WILLIAMS ST. $1,399,000

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

JIN BAGRYJIN BAGRY604-644-0495604-644-0495

SAM BAGRYSAM BAGRY604-761-1664604-761-1664

ABOVE THE CROWD!ABOVE THE CROWD!20 Years experience combined

Top 1% of all Realtors for 2014/2015 with over 200 Homes sold in 2 years!

1626 E. 51st AVE.• Best location! 26 years old• Solid 5 bdrm, 4 bath 1850 sf house• 2 levels with 2 suites down• Laneway home potential• Complete renovation. Must SEE!


LOT 27.5X122

679 & 677 EAST 59th AVE.• Quality built 3 level S x S duplex• 1 bdrm suite in basement with separate entrance• Open concept kitchen and iving room• 3rd level: 2 bdrms & 1 bath• Huge wrap around sundeck• air cond. & radiant heat• 2-5-10 warranty

NEW LISTING $1,088,000 EACH

LOT 4,819 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

1178 / 1180 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


2 LOTS - 33.5 X115 each

1325 EAST 41st AVE.• Double lot with 2 PIDs• Plans for 2 homes submitted to city• Close to park, shopping & transit• No sign, please drive by• House is rented right now


LOT 97X66

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


LOT 33X115

4937 BELLEVILLE AVE.• A very well built house• Top of line appliances• 2 master bdrms, jacuzzi & steam tub• 2 car garage & electric gate in back• Too much to tell


LOT 66X101

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


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


LOT 33X117.5

COMING SOONCUSTOM BUILT HOUSEBUILD TO SUITSOLDSOLD

SOLDSOLDSOLDSOLDOPEN SUN 2-4 PMOPEN SUN 2-4 PM

New Listings Direct to Your Inbox

GET YOUR FREE PROPERTY ALERTS


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VANCOUVER EASTSIDE

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 , J A N U A R Y 2 8 , 2 0 1 6

Vancouver home building permits issued in November 2015 were valued at a total of $543.9million, a rise of 59.7 per cent com-

pared with the previous November, according to Statistics Canada data released January 8.

This rise was led by a surge in condo-apartment building permits, which rose 105.3 per cent year over year to $356.6 million.

Vancouver’s total dollar value in November was also a 7.7 per cent increase compared with October 2015’s fi gure of $505 million, although does not compare to July’s peak of $775.2 million.

Single-family homes accounted for nearly $131 million of November’s permit value in Vancouver, and $51.6 million was invested in townhomes.

Residential permits across BC were up 41.9 per cent year over year to total $717.2 million in value, which was a decline of 3.1 per cent compared with October. However, BC was the only province to see a month-over-month increase in condo-apartment building permit values in November, rising 13.6 per cent.

In other provincial centres surveyed, Abbotsford-Mission’s construction growth remained extremely strong, rising 107.1 per cent over last November to $13.4 million. This was 23.2 per cent drop com-pared with October’s even stronger fi gures.

The value of November’s building permits in Kelowna fell to total $23.4 million, a drop of 27.6 per cent year over year and a decline of 47.5 per cent compared with October 2015.

Victoria saw November building permit values recover somewhat, rising 17.7 per cent year over year to $30.7 million, which was also a very slight rise of 0.1 per cent compared with October’s fi g-ures.

Across Canada, the total value of residential per-mits was $3.27 billion, a 32 per cent decline over the month before and a drop of 10.9 per cent year over year, undoing the recovery seen in October. The decrease was led by signifi cant drops in the resource-based provinces of Manitoba, Alberta and Saskatchewan.

Condo-apartment building permit valuesmore than double in Vancouver: StatCanBC leads country in growth in building permit values in November, as Vancouver’s total $544 million

BC was the only province to see a month-over-month increase in condo-apartment building permit values in November, rising 13.6 per cent

VANCOUVER EASTSIDE Jan 28, 2016 Real Estate Weekly

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Transcript of VANCOUVER EASTSIDE Jan 28, 2016 Real Estate Weekly