R E A L E S T A T E W E E K L Y

info@rew.ca • 604-435-7977FRIDAY DEC 19, 2014 - JAN 2, 2015

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FOR THESE ARTICLESAND MUCH MORE

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Vancouver Housing Demand to Outpace

Population Growth: Report

Tips for First-Time Buyers and “Bank of Mom and

Dad” Parents

How This Mortgage Program Can Help Fund

Your Renovations

MAPLE RIDGE PITT MEADOWS

An REW-commissioned Landcor Data Corp study

looked at the best bang for your buck in two-bed-

room condo prices in the Lower Mainland.

It found that Chilliwack/Langley/Mission led the

way with $191 per fi nished square foot, followed

by Maple Ridge/Pitt Meadows at $238. At the other

end of the scale was Downtown Vancouver, costing

an average of $743 per square foot, 74 per cent

more than Chilliwack.

The federal budget February 11 announced the

demise of Canada’s controversial investor visa

scheme, which real estate insiders said would

have an immediate eff ect on Vancouver’s high-end

housing market.

The program had allowed waves of wealthy

immigrants into Canada – mostly to Vancouver –

since 1986. Tens of thousands of Chinese million-

aires in the queue had their applications scrapped

and their fees returned.

However, despite the uproar in February, the

market seems to have seen little eff ect so far.

March revealed that Greater Vancouver home

sales in February were up an impressive 40.8 per

cent year over year, and 43 per cent higher than

January.

April’s most-read story was about the resur-

gence in popularity of the Vancouver Special

house, coinciding with the Vancouver Heritage

House Foundation’s Vancouver Special Tour.

These boxy, utilitarian houses were designed

to be quick, inexpensive knockoff s of Mid-Century

Modern architecture, and have become ingrained

in the city’s architectural and social history. Over

the last few years, this much-maligned abode has

gained newfound popularity.

Vancouver’s “condo king” Bob Rennie spoke

to a large audience at the Urban Development

Institute. He highlighted the power of the baby

boomer and millennial generations, and down-

played Vancouver’s perceived unaff ordability,

observing that 69 per cent of all home sales are to

people who already own.

“This is the most active marketplace we’ve seen

since the spring of 2011,” said Ray Harris, presi-

dent of the Real Estate Board of Greater Vancouver,

in response to the May numbers released in early

June.

“Our MLS statistics tell us that there’s more

home buyer demand today than at any point over

the last three years.”

The summer saw a resurgence in the popularity

of our 2013 story on fl oat homes, which remains

one of REW.ca’s most-read stories. We examine

what it’s like to live on a fl oat home, what the capi-

tal outlay and ongoing costs are, and the lifestyle

benefi ts – and disadvantages.

As the academic year approached, so did a

major shortage of student housing in the Lower

Mainland. Meantime, with property prices break-

ing records every month, home owners or buyers

found the need for “mortgage helpers” had never

been higher.

Our story on renting out basements to students

was one of the hottest stories in August, explain-

ing the great opportunity for owners or buyers of

homes with basement suites to cash in – and what

the risks and responsibilities are.

Bosa Properties hit the headlines across the

city in September with its new “rent-to-own”

scheme. People who rent at participating Bosa

or BlueSky Properties rental buildings have up to

15 per cent of their rent placed in a Bosa Equity

account, which can be put towards a down pay-

ment on a future Bosa or BlueSky new home

purchase. Bosa said that it wanted to “lend a

hand” to renters having a hard time saving for

homeownership.

Our most-viewed story in October was “How to

Avoid the Shock of 12 Unexpected Home Buying

Costs.” The story off ered a comprehensive list of

all of the costs associated with home buying, from

mortgage insurance to lawyers’ fees to closing

costs.

Vancouver’s falling new home prices garnered a

lot of reader attention in November, as Statistics

Canada revealed that although MLS resale prices

had seen record highs for the past fi ve months,

the new home price index in the Vancouver

Census Metropolitan Area was 1.2 per cent lower

in September than the same month in 2013.

As REW went to press, the most-viewed story

so far in December was Greater Vancouver home

sales again beating the 10-year average and out-

stripping last year’s November sales numbers,

according to the Real Estate Board of Greater

Vancouver. Prices continued to increase, with an

average lift of 5.7 per cent year over year.

The Hottest Stories of

JANUARY

MAY SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER

FEBRUARY

JULY

JUNE

AUGUST

MARCH

APRIL

Watch for our next issue, published January 9, 2015

•2 REW.ca » MAPLE RIDGE / PITT MEADOWS » FRIDAY DEC 19, 2014 - JAN 2, 2015

Brookside RealtyChad August

chadaugust@shaw.ca

604.318.5254604.318.5254WWW.CHADAUGUST.COMWWW.CHADAUGUST.COM

12447 189 A PITT MEADOWS

JUST SOLDJUST SOLD • Penthouse over 2200sq ft

of living space• 2 Bed, 3 bath, Amazing

views in every direction

#1003 12069 HarrisTHE ABSOLUTE MOST AMAZING CONDO

$1,368,800$1,368,800

MLS V1084060MLS V1084060

Best of both worldsDetached in a STRATA

• 2072 sqft 4 BED 3 BATH• Very large south facing

yard• Steps to village and

waterfront

NEW LISTING#19-19490

FRASER WAY $524,900

• 3 bedroom, 2 bath • Newer windows,

awnings, Natural Gas Fireplace

#268 201 Cayer St.

$94,900$94,900

NEW LISTINGNEW LISTING

CASCADA ~ 11566 224th St. WATERFRONT VIEW CONDOS

#207 1 bed + den 695sq ft $229,900

#209 2 bed + den1054 sq ft $269,900

#107 2 bed + den847sq ft $259,900

All prices include gst,move in immediately

FROM MY FAMILY TO YOURS HAPPY HOLIDAYS, AND ALL THE BEST IN 2015

THANKS FOR YOUR BUSINESS IN 2014.

FROM M

T

Jim Isherwood604-250-7755

Nicole Jackson604-467-5000

Brookside Realty

11933-224 Street, Maple Ridge • 604-467-5000

OPEN HOUSE EVERY DAY 1-4PM, CLOSED FRIDAYSSTARTING AT $159,900 RIVER'S EDGE

11580 223 Street, Maple Ridge• Only 51 amazing opportunities• Built with the highest & strictest standards of

construction• Only the fi nest materials being used• Inside the best layouts in the market place with

each sq.ft. maximized• Unbeatable location that offers spectacular

riverfront dining, easy access to town centre and Port Haney Wharf

• Buy with confi dence. Move in today!

$629,50012463 Meadow Brook Place, Maple Ridge• Backs onto Laity Farm• Stunning View• Quiet Cul-de-sac very private• Has many updates

STARTING AT $459,900

Lot 2913283 - 236 St.,Maple Ridge

• 17 Street Townhomes all with views of Fraser Valley!• No Strata Fees!• 3 bedroom homes with superior fi nishings throughout• Spacious great room leads onto large covered sundeck• Double garages & covered front verandas• Stainless Steel Appliance package• Finished basement; landscaping; fenced yard

$269,900 inc. GST

CASCADA#209 - 11566224th StreetMaple Ridge

• Perched above the mighty Fraser River• Spectacular waterfront and mountain views• 1054 sq.ft. 2 bedrooms. Wood cabinets, porcelain tiles,

deluxe stainless steel appliances including washer & dryer• Private roof top patio terrace with lounge, barbecue area & 360º million dollar views• Steps to town & West Coast Express

$514,90013328 235A St., Maple Ridge• Park-like settings & Fraser Valley views• 5 appliances, blinds• Heritage doors & baseboards • Gas fi replace• Quartz countertops and hardwood fl ooring• 10 year warranty + more!

OPEN HOUSE SAT & SUN 1-4

11580 223rd St.Maple Ridge, BC

Chad August604-318-5254Jim Isherwood604-250-7755

All suites available for Viewing, Maple Ridges Best Value in Apartments

590-1075 sq ftLarge Spacious KitchensModern Stylish Design

Low Strata Fees &3 yrs reduced city taxesSteps to W.C. Express

Some water views

MOVE IN N

OW

WaterfrontWaterfront suites in

Maple Ridge from$162,900 - $299,900

HOME OWNERSHIPFROM UNDER

$500 A month • ask us how20% NOW SOLDLots of great units remaining

Book your appointmentthrough the holidays

“FOR OUR OPEN HOUSES VISIT WWW.DANNYANDCLAUDIO.COM”

Brookside Realty 11933 224th Street Maple Ridge

DONʼT WASTE RENT - INVEST313 - 12238 224TH STREETURBANO

CENTRAL

• 730 sf apartment• F/P ~ large bdrm• Covered balcony• Use of exercise rm/rec rm• Walk to downtown amenities• Minutes to major arterial routes• Minutes to W C Express

$189,000

GORGEOUS CORNER UNIT!308 - 12020 207A STREETLIFE SIMPLIFIED...

QUICK POSSESSION!

• 887 s. f. corner unit • OVERLOOKS GREENBELT!• Granite/rich dark cabinets• Bright, open fl oor plan• Secure under ground parking• Walk to shopping• Short drive to WC Express

$219,000STEPS TO W C EXPRESS

201 22233 RIVER ROADRIVER GARDENS

240 S F DECK

• 2 bdrms PLUS den/2 baths• 1122 sq. ft.• View of greenbelt• 240 s. f. deck• Master with 4 pc bath• Rich, dark laminate• Bright, spacious kitchen

$239,000

CONDO PRICED TOWNHOME!43 11757 236TH STREET2 LEVEL T/H

GALIANO

• 2 bedroom - 2 level• 2 dogs or 2 cats• 2 parking spots• Recently done roof/gutters• Private yard• Minutes to shopping• Blocks to school

$249,000

BIG LOT-BIG HOME!!21108 - 117TH AVENUEWESTSIDE

9100 S F LOT!

• 5 bdrms - 4 baths• 2322 s f bsmnt entry• 22x12 covered deck• “In-law” 2 bdrm suite• Updated electrical/furnace• vinyl windows/roof 10 yrs• Minutes to all amenities

$479,900

FAMILY FABULOUS!11623 WARESLEY STREETBSMNT ENTRY

WESTSIDE!

• 4 bedrooms ~ 3 bath• 2170 sq. ft. bsmnt entry• Large, fenced backyard• GREAT westside location• Minutes to shopping• Minutes to W C Express• Quiet neighbourhood

$479,000SPACE TO RAISE A FAMILY!

10668 - 248A StreetHIGHLAND VISTAS

SETTLE IN

• 4 bdrms ~ 4 baths• 2171 s f 2 storey w/bsmnt• Great Room fl oor plan• Kitchen w/granite• Fully fences backyard• Minutes to schools, shopping• Short drive to W C Express

$519,000

TWO FAMILY HOME!10683 240TH STREETLEGAL SUITE

TWO FAMILY HOME!

• 5 bdrms ~ 4 baths• 3 level home at 3100 S F• 2 bdrm legal suite• 6400 s f lot• GREAT room plan• Lane access to Dble garage• Mintues to schools & shopping

$559,000

ONE WORD........STUNNING!23290 - 128TH AVENUE17300 S F LOT!

HONEY STOP THE CAR

• 5 bedrooms/3 baths• 1.5 storey/2850 s. f. • COMPLETELY renovated!• A/C heat pump• FABULOUS outdoor area• In-ground hot tub• Call for all the details!

$899,000

RANCHER W/BSMNT32865 RICHARDS STREET2.2 PRIVATE ACRES

30x40 SHOP

• 3 bdrms ~ 3 baths• 3500 s. f. 2 level• 30X40 shop w/220• Gorgeous fi r fl ooring• Slate tile fl ooring• FABULOUS kitchen• A MUST SEE!!

$899,000

REW.ca » MAPLE RIDGE / PITT MEADOWS » FRIDAY DEC 19, 2014 - JAN 2, 2015 3•

www.teamphilhaig.cominfo@teamphilhaig.com

Each offi ce independently owned and operated

Maple Ridge $183,800

#109 - 12148 224th Street• Immaculate 55+ building, 1 bdrm, 1 bath & den unit

• Gas F/P, in-suite laundry, 1st fl oor, steps to elevator

• Recreation level incl: billiards, crafts, workshop

• Cafeteria, hair salon, computer lab, fi rst aid rm

• Library & social rooms for all kinds of classes

Maple Ridge $375,000

20180 Wanstead Street• Quaint rancher in the historic enclave of Hammond

• 3 bedroom, 2 bath; perfect for the young family

• French doors to bright family room off the kitchen

• Laminate, crown, roof 6 yrs, HW tank 4 yrs, shed

• Quiet street, great investment holding property

Maple Ridge $799,800

10587 245B Street• 4 bdrm sprawling executive style home in Albion

• 4500 sq/ft on 3 levels, 4 baths, nanny’s quarters

• Open kitchen & family room, French doors to patio

• Den, games room, media room & sitting room down

• RV parking, double garage, open parking for 12

Anmore $499,900

Leggett Drive• READY NOW! 9 - 43,560 sq/ft lots on Leggett Drive

• Desirable Anmore - just north of Port Moody

• Imagine building your own fantasy dream home

• Serene natural setting, minutes from lakes & parks

• Priced $499,900 to $589,900

LOTS FORSALE

★EnglewoodVillage

Exit 116

Showplace Realty 2014Showplace Realty 20149240 Young Rd., Chilliwack9240 Young Rd., Chilliwack

Dan Matheson604.791.3211

Showplace Realty 2014Showplace Realty 20149240 Young Rd., Chilliwack9240 Young Rd., Chilliwack

Peter Alexander604.997.0823

45 plus, Gated, Rancher CommunityVery near to Garrison Crossing and Vedder River Trail

Easy walking to everything you need.

www.englewoodvillage.ca

Showhome open every dayclosed Dec 23, 24, 25, 26Open Dec 27, 28, 29, 30

Closed Dec 31, Jan 1, 2 - Open Jan 3

from 12:00-4:00pmHomelife Glenayre RealtyGlennaayayayayyyrerereeeerer ReReaRRR ltyGlennayayayayyyrerereeerr ReReaRRR lty

Final Phase Now Selling

Starting from$274,900

HappyHappy Holidays!Holidays!

fromfrom The TeamThe Team atat

NAZIRABDULLA

604-467-0811

resul ts real ty

BEST WISHES FOR THE HOLIDAY SEASON

AND AHAPPY NEW YEAR

TO ALL!

LOOKING FORWARD TO DOING BUSINESS

WITH YOU IN 2015

THINKING OFBUYING OR SELLING CALL ME.

FREE MARKET EVALUATION

MAPLE RIDGE

NEW HOME $648,800

• 2 storey / bsmt• 6 Bedrooms• 4 1/2 baths• Granite counters• Legal Suite• Lots of extras

MOBILE HOME $128,800

• Double wide• 2 bedrooms• 2 baths• Sundeck• 1344 sq ft finished

GREENBELT $698,800• 2 storey / bsmt• 6 bedrooms• 3 1/2 baths• Granite Counters• 4294 sqft• Lots of extras

www.nazirabdulla.com

MAPLE RIDGE

LANGLEY

MAPLE RIDGE • PITT MEADOWS (INCLUDES MISSION LISTINGS)

R E A L E S T A T E W E E K L Y

Looking for a newhome? Start here.

I n P r i n t > O n l i n e > I t ’ s A l l H e r e

F R I D A Y D E C 1 9 , 2 0 1 4 - J A N 2 , 2 0 1 5

Next issue: January 9, 2015

As we wind down for the holiday season, it’s fas-cinating to take a look back at 2014 and all it has brought to home buyers, home sellers and the real estate industry.

This time last year, our annual holiday message spoke of stable house prices that were within 1 per cent of the previous year, and of being “off the roller coaster – for now.” The same cannot be said for 2014, as most months of this year have seen record house prices for the Lower Mainland, with each month beating the previous in their inexorable rise.

But it hasn’t all been bad news for home buy-ers, as mortgage rates have held steady all year, and

fi nancing remains extremely cheap. Millennials are emerging as the next big thing to happen to the mar-ket, with fi rst-time buyers seemingly not put off by the prices – just having to be a little creative when it comes to location and fi nding the down payment (enter Bank of Mom and Dad).

So will the market continue its rise, or is there a (hard or soft) landing overdue? Check out our fi rst issue of 2015, published on January 9, to fi nd out.

In the meantime, best wishes to you all for a won-derful holiday season. And remember, REW.ca’s New Year’s resolution is to help you fi nd your dream home – so we’ll see you next year!

Wishing all our readers and clients a safe and joyful holiday season, a warm and happy home, and prosperity and fulfi llment in the New Year – with warmest wishes from all at Real Estate Weekly and REW.ca