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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
SIMONCOUTTSPERSONAL REAL ESTATE CORPORATION
www.simoncoutts.com
2012
Originally built in 1918 & extensively renovated over the years, you will feel at home the
moment you walk through the doors of this stunning heritage home. Located on one of
Grand Boulevard’s prettiest streets, this big level lot is ideal for children & redevelopment.
Potential for an income producing laneway house exists. Spread over 3 levels, this huge
3,465 sqft home offers ample space & details not found in today’s construction: wood floors,
stained glass, french doors, and more. The country style kitchen blends perfectly modern
convenience & the feel of yesterday. It is a must see. With a central location close to shops,
services, and recreation, this is an ideal home, land, & lifestyle.
Heritage Style Home
527 EAST 12TH STREET, NORTH VANCOUVER $1,748,000
NEWLISTING
Simon Coutts Personal Real Estate Corporation
OPEN SAT/SUN 2-4
BALDEV SANDHU & JULIANA HO TEAMBALDEV SANDHU & JULIANA HO TEAMTop New Home Construction AwardTop New Home Construction Award
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 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.Top 1% President Club Award of All Realtors in Real Estate Board of Greater Vancouver.
- 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 construction
5508 Dundee St.-5502 Dundee St. $1,275,000
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.
NEW LISTING $2,238,000
- 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 $1,255,000
- 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
$1,165,000
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. $2,380,000
Sutton Centre RealtyAN INDEPENDENT MEMBER BROKER
www.normflockhart.com
NORM FLOCKHART(604) 261-7275
13 Year Member of MLS Medallion Club
PREC
OPEN SAT/SUN 1-3! $305,000
OVERSIZED 1 BR UNIT!OVERLOOKS PRETTY GARDENS!
772 sq.ft. in this 1 BR & Conservatory/Den ground level suite! Open plan living room/dining room combo. Gas fi replace, insuite laundry & 1 semi-ensuite bath with soaker tub. Pets/Rentals OK! $305,000. #106-2405 Kamloops Street, Van.
★
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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
METRO EDGE REALTY RECRUITING REALTORS
RIGHT NOW!!
Amazing New Real Estate Company is Already Exploding For All the Right Reasons
We opened our company December 1st 2015 and in 2 short months this is what happened.
• NO ANNUAL FEE
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• $300 PER DEAL
For further information or to join Please Call
Email: [email protected] Website: www.metroedge.ca
604 • 368 • 5669DEAN DYMONT Managing Broker
• Open 60 days and 61 agents have joined us
• 29 sales in January & 37 new listings
• 4 high producing teams have joined us
• Launched our agent Training Program with 13 training days in February
• Held first big training workshop which over sold twice (standing room only)
• Secured 3 locations (2 in Richmond and 1 in Surrey)
• Currently looking for 4 other locations (North Shore, Vancouver, Burnaby, Coquitlam)
• Launched our exclusive Mentor Program for new agents
• Launched our exclusive Community Based (Farm Marketing) Strategy
• Secured building and building financing divisions
• Finalizing details on Property Management Division
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
COMMERCIAL DRIVE 8 UNIT APARTMENT BUILDING
2313 VICTORIA DRIVE2313 VICTORIA DRIVECommercial Dr 8 Unit Building!
• Legal Apartment Building, Built 1908 Architect A. J. Wilkinson• 8 Suites, 4 Levels, Original Character, 6613 SF Mansion, Cap 4.1%• Bannisters, High Ceilings, Bay Windows, Wood Floors, Arches• Gross Income $147,768/yr, 1X3 Bdrm, 3X2 Bdrm, 4X1 Bdrm• Big 45’X110’ RT-5 Lot, fenced yard, 9 Elect Meters, 9 Gas Meters• Signature Property, Commercial Drive Shops, Transit, Trout Lake• Investors, Owner-Occupiers, Shared Ownership, Developers• Asking $2,980,000
MOUNT PLEASANT 4 SUITE HOUSE PLUS COACH HOUSE
MOUNT PLEASANT REVENUEMOUNT PLEASANT REVENUE
Mount Pleasant Income Property!• 4 Suite House Plus Coach House• 1X2 Bdrm, 2 X 1 Bdrm, 2 X Bachelor• Gross Income $60,240/yr• Opportunity to Add Value• Potential Income $72,000/yr• 33’ X 122’ RT-5 North Lot• Great Mt Pleasant Neighbourhood• Quiet Tree-lined Street• Close to Shopping, Transportation• Investors, Owner-Occupiers• All Bob for Full Details, 604-263-2823• Asking $1,778,000
5UNITS!
CAPRATE4.1%
8UNITS!
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DUPLEX, TRIPLEX, FOURPLEX5PLEX, 6+ UNITS
APARTMENT BUILDINGSLAND FOR RE-DEVELOPMENT
IF YOU ARE THINKING OFSELLING OR BUYING INCOME PROPERTIES
CALL BOB BRACKEN 604-263-2823
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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
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!
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
1178 / 1180 EAST 12th AVE.
NEW LISTING
SOLDSOLD
$1,349,000
1626 E. 51st AVE.
NEW LISTING
SOLDSOLD
$1,760,000
2914 W. 41st AVE.
NEW LISTING
JUSTJUSTSOLDSOLD
$1,760,000
2920 W. 41st AVE.
NEW LISTING
JUSTJUSTSOLDSOLD
JUSTJUST
SOLDSOLD
2 LOTS - 33.5 X115 each
LOT 27.5X122
TEAM PRESIDENT’S CLUB TOP 1% OF GREATER VANCOUVER REALTORS®
RuthandDavid.com
604.782.2083
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
www.dexterrealty.com
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
3 bed penthouse in the heart Van-couver with exquisite views of downtown & mountains. Private rooftop patio. Extremely rare op-portunity (not even listed on MLS) - avoid bidding wars by acting fast! Assignment, call for details.
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
will be an enviable place to live.Included are two 1 bedroom
garden suites, two 3 bedroomhomes above and one 2 bedroom
and den coach house.
Caesarstone quartz countertops ❙ shaker style custom cabinetrydouble hung windows ❙ stainless steel appliances
engineered hardwood fl oors ❙ extensive use of natural stonecontemporary plumbing and lighting fi xtures ❙ shingle wood siding
Details include:
– Completion date Spring 2016 –
Quality built byCall for more details
Ruthie Shugarman 604.879.2941 • Paige Kraft 604.603.3475This is currently not an offering for sale. Any such offering can only be made with a disclousre statement. E.&O.E.DEXTER
ASSSOCIATES REALTY
Located at the corner of 16th Ave/Columbia St in the heart of Mt. Pleasant
PRE-REGISTER at liveatcolumbia.com
75 Fernway Drive
COMING
SOON
#10 Royal LePage Realtor in BC 2015#10 Royal LePage Realtor in BC 2015#1 Royal LePage Realtor for Tricities in 2015#1 Royal LePage Realtor for Tricities in 2015
2015201520152015 20152015
MonetTYLERTYLER
[email protected] ❚ 604.763.4307 ❚ www.monettyler.com
The market is The market is HOTTERHOTTER than thanit was in January!! I need homes it was in January!! I need homes
and town homes to sell! Call Me!!and town homes to sell! Call Me!!
SussexSussex
36 Heritage Peak Road $2,550,000
SOLD
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
“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
REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 18, 2016 9•
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REW.ca » VANCOUVER EASTSIDE » THURSDAY FEBRUARY 18, 2016 11•
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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 , 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.