vancouver eastside jan 9, 2015 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, fi nancing and comparative

properties in your area.

Find your EXPERT Real Estate professional right here in REW.ca!

VANCOUVER EASTSIDE FRIDAY, JANUARY 9, [email protected] • 604-435-7977

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

GO TOREW.CA /NEWS

TO READ THESE STORIESAND MUCH MORE REAL ESTATE

NEWS AND ADVICE

Should You Sell Your Old Home Before

Buying a New One?

Your Best Ever Winter Garden – To-Do List and

Hardy Plants

Buying a Condo? The Lowdown on Strata

Corporations

What can we expect from the real estate market,

house prices and mortgage rates in the coming year?

Here, REW takes a look at some key predictions for

2015.

HOUSING DEMANDFuelled by both population and employment growth,

the Canada Mortgage and Housing Corporation (CMHC)

is painting a fairly rosy outlook for the region’s residen-

tial housing market in 2015 and into 2016.

“Housing demand is on the rise due mostly to a

majority of new immigrants settling in the Vancouver

region,” says Carol Frketich, CMHC’s BC regional econ-

omist. “We are also seeing improved growth in income

and jobs.”

RE/MAX also issued a 2015 forecast in December

2014. It said, “After losing multiple off er bids for

detached houses … buyers may become more hesitant

to continue their pursuit of buying a detached home

in 2015. However, as those potential buyers move

to the sidelines and wait for the market to stabilize,

the pipeline of demand for the region will continue

to grow.

HOME SALESCMHC forecasts that housing sales in the Metro

Vancouver area will drop only very slightly to 32,350

units in 2015, down from 32,800 this year but still

above the 15-year average of about 31,300 sales.

RE/MAX also projected that in Greater Vancouver,

the number of unit sales “should remain largely the

same [as 2014].”

HOUSE PRICESCMHC is predicting the average overall home price to

rise 1.2 per cent to $821,000. But RE/MAX has a more

bullish prediction of a 3 per cent rise for house prices

in Greater Vancouver.

Larger rises still are predicted for Kelowna, which is

expected to see a 7 per cent increase in house prices,

and Victoria, where homes are forecast to rise by 4 per

cent.

HOUSING STARTSHousing starts in Metro Vancouver are expected to

hit 18,700 in 2015, down from a predicted 18,900 for

2014. They are expected to recover to 19,250 in 2016.

“Although housing starts are expected to dip slightly

in 2015, overall the Vancouver housing market is quite

stable,” says Robyn Adamache, CMHC senior market

analyst. “Total housing starts will edge higher as resale

market conditions remain stable.”

INTEREST RATESHistorically low interest rates have bolstered the

Vancouver and BC real estate markets in 2014, and

the CMHC economists are among many to predict that

demand and sales could soften slightly towards the end

of 2015 when the anticipated rate increases take eff ect.

Frketich says, “In late 2015, housing demand will be

tempered by rising mortgage interest rates.”

However, the CMHC’s Housing Outlook report claims

this will not be signifi cant. It says, “Gradual increases

in mortgage rates from historic lows are not expected

to signifi cantly impact housing demand.”

•2 REW.ca » VANCOUVER EASTSIDE » FRIDAY JANUARY 9, 2015

www.vancouverres idence.com

LORNE GOLDMAN604.263.1911

lorne@vancouverres idence.com*as of May 6, 2014

Personal Real Estate Corporationrporation

Over 33 years of proven results and consistently in the top 1% of the real estate industry.Lorne Goldman ranked #3 in Sales according to the Real Estate Board of Greater Vancouver.*

REW.ca » VANCOUVER EASTSIDE » FRIDAY JANUARY 9, 2015 3•

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

#221 2239 KINGSWAY• 955 sq.ft., 2 bedrooms, 2 bathroom + den• Oversized kitchen, laminate floor• 2/5/10 warranty, 1 parking stall• Close to Norquay Elementary

JUST LISTED $420,000

VAN EAST7888 16TH ST.

• Brand new 1,790 sq.ft. 1/2 duplex• 4 bedrooms, 4 bathrooms, south facing lot• Close to Stride elementary school• 2/5/10 year house warranty

NEW LISTING $788,000

LOT 53x130732 E. 51ST AVE.

• Can build 3 level house laneway house• 2-5-10 year warranty• Build to suit


VAN EAST779 E. 61ST AVE.

• Vancouver Special facing south• Great view of Richmond• 5 bdrms, 3 baths. New kitchen, washroom• double glazed windows


LOT 33X124395 E. 57TH AVE.395 E. 57TH AVE.



VAN EAST4650 McHARDY ST.



VAN EAST

2312, 2328 & 2320 GALT ST. $999,000 7061 MAIN ST. $789,000 1564 E. 58TH AVE. $1,049,000 6190 131A ST., SURREY $599,900 320 E. 65TH AVE. $945,0001032 E. 61ST AVE. $978,000

SOLDSOLDin one dayin one day SOLDSOLD

in one dayin one dayLand Assembly

Land Assembly

SOLDSOLD SOLDSOLD JUSTJUST SOLDSOLD

JUSTJUST SOLDSOLD

over Askingover Asking

2886 E. 23RD AVE.

NEW PRICE $938,000

LOT 33x1206977 KILLARNEY ST.

• 7 bdrm house over 4,000 sq.ft. 6 bathrooms• 700 sq.ft., 1 bdrm laneway house• Theater room, top line appls., jetted tub• Wok kitchen. 2-5-10 NHW

NEW LISTING $2,528,000

LOT 41'7X141.8883330 SEAFORTH DR.

• Mountain view lot facing north• Hold and build your dream home later• 1900 sq.ft. house currently tenanted• 5 bdrms, 2 baths. No Oil Tank-Scan done.


LOT 47X109.384689 DUMFRIES ST.

• 3 Level, 5 bedrooms, 4 bathrooms, 2659 sq.ft.• New paint and appliances in main kitchen• Potential 1 bedroom suite down• Near Kensington community & Victoria Drive


LOT 37X1204937 BELLEVILLE AVE.

• Built in 2008, 7 bedrooms, 7 bathrooms• 4,373 sq.ft., 3 storey, sec. system• Top of line appliances• 2 master bdrms, A/C & HRV systems


LOT 66X101

JUSTJUST SOLDSOLD

1325 E. 41ST AVE.

SOLDSOLDin one dayin one day

Top 1% of all Greater Vancouver Area Realtors, Over 110 Homes SOLD in 2014

Top 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.

Vancouver East, Renfrew, Presale, Build to Suit2737 Kitchener St.

$1,498,000 - 3-storey (33 x 127) house associated with 650 sf Laneway House near Renfrew

- Granite counter top, engineered hardwood floor

- Inter-telecom, HRV system, heating exchanger, radiant heat

- Fenced garden, single garage

- Buyers are welcome to provide their own floor plan

Vancouver East, Renfrew Heights - Presale, Built to Suit2 storeys plus LWH 2764 E. 27 Ave.

$1,388,000

Burnaby, Central Burnaby - 1/2 Duplex, Back Unit5977 Woodsworth St., Burnaby

$599,000 - One year new 1200 sf Back Unit 1/2 Duplex- Functional layout, 2 bedrooms + bathroom up- 2 bedrooms + 1.5 bathrooms on main floor w/separate entry, single garage- 2 kitchens, granite counter, maple wood cabinets, hardwood floor

Van East, Collingwood, Under construction- Side by Side Duplex 2 storeys with bsmt • 5551 Slocan St.

OPEN HOUSE: SUN 2-4 PMEach unit $998,000 - 3-storey approx. 2000 sf

house Each Side by Side 1/2 Duplex- 3 bedrooms up and 2 bedroom suite in basement, 4 bathrooms- Granite counter top, engineered hardwood floor- Inter-telecom, HRV system, heating exchanger, radiant heat- Fenced garden, single garage

Vancouver East, Killarney407-1958 E. 47 Ave.

$369,000 - Upper Floor unit in Killarney, close to David Thompson School- Converted into 3 bedrooms, open layout, high ceiling- Spacious kitchen, living area- Insuite laundry, Don't Miss!

Vancouver East, Collingwood - Side by Side 1/2 Duplex 2838 Horley St.

$1,088,000 - 3-storey approx. 2000 sf house Each Side by Side ½ Duplex- 3 bedrooms up and 2 bedroom suite in basement, 4 bathrooms.- Granite counter top, engineered hard wood floor.- Inter-telecom, HRV system, heating exchanger, radiant heat. - Fenced garden, single garage.- Buyers are welcome to provide their own floor plan.

NEW LISTING

- 3 storey (33x110.3) house associated with 550 sf Laneway House

- Granite counter top, engineered hard wood floor.

- Inter-telecom, HRV system, heating exchanger, radiant heat.

- Fenced garden, single garage.

- Buyers are welcome to provide their own floor plan.

SIDE BY SIDE DUPLEX


• 306 SALES AWARDS SINCE 1984 • REBGV LIFE MEMBER WESTCOAST

[email protected]

www. .com

152 Sales in 2014!

OUTSTANDING AGENT ... OUTSTANDING RESULTS

CHILDCARE CENTRE + PROPERTY$1,168,000 OWNER RETIRING! RARE GOLDEN

OPPORTUNITY to own this FULL-DAY CHILDCARE CENTRE business & property in the most DESIRABLE LOCATION in PORT COQUITLAM. This 1997 built 5329 sq ̓LIVE/WORK 3-LEVEL FAMILY HOME/SCHOOL includes 1639 sqʼ+/- upstairs living quarters & a SUCCESSFUL PRESCHOOL & BEFORE/AFTER SCHOOL care programs business is on a 5635 sq ̓ CORNER PROPERTY. PAY YOUR OWN MORTGAGE INSTEAD OF RENT! Purchase price includes $200,000 for BUSINESS & $968,000 for the PROPERTY.

604-263-1144

Kerrisdale

604-336-3539

Main Street

604-689-8226

Yaletown

www.dexterrealty.com

1290 E.43RD AVE. $968,000

POPULAR VANCOUVER SPECIALDESIRABLE KNIGHT AREA

The top floor features 3 bdrms & 2bathrms, spacious and bright livingroom w/ vaulted ceilings, dining roomand kitchen w/ eating area openingonto a West facing sundeck. Lg fami-ly room, den, workshop and bathroomon the lower level offer lots of possi-bilities. 2 car attached garage, con-venient location close to transit, shop-ping, parks and schools. LINDA HALE 604-889-9983

TRENDY SOMA! $400,000

QUIET RENOVATED2 BEDROOM

QUIET interior corner - Not facingstreet! MODERN Renovations: bath-room, kitchen, floors. Secure parking.RAINSCREENED. Desirable SoMa inMt Pleasant. Enjoy TRENDY MainStreet shops, restaurants, IGA,transit. 211 - 3131 Main St. ALAN YASIN & LORI PETTIGREW604-649-7040

585 E.17TH AVE. $859,000

JUST LISTEDFabulous location between Main& Fraser. On a 32.92’x 121’ RS1zoned lot. Older 2 bdrm home inclean & original condition. Butvalue is mainly in the superb lot.BY APPOINTMENT.

TONY IOANNOU604-263-1144

WWW.IOANNOU.CA

SUKI BAHISUKI BAHI604.219.9523

PERSONAL REAL ESTATE CORPORATION

westcoast realty604.257.8888

HOT NEW LISTING$409,900#2-2560 Kingsway, Vancouver- Townhome complex only 4 units- Collingwood Area- 2 bdrm/2 bath/den Townhome- Balcony and Solarium- 1 parking and storage- 1055 sqft- Low main fees

Call for private showingOPEN HOUSE SUNDAY JANUARY 11TH, 12-2 PM

Krista SojkaPersonal ,Professional ,Experienced... SOLD!

Call me today!

604-375-9240www.kristasojka.com

REMAX All Points Realty Group #101 – 1020 Austin Ave. Coquitlam, BC Ph. (604) 936-0422 Fx. (604) 936-2751

1428 PARKWAY BLVD, COQUITLAMRarely available ground fl oor unit with huge, private back yard & patio space. 2 beds, 2 bath, 2 parking, and extra-large storage. Would make a great investment property too - don't miss out!

3110 DAYANEE SPRINGS, COQUITLAMBig 2 bed, 2 bath condo with brand new fl ooring, granite counters and gorgeous views of Town Centre and beyond. Rentals and pets allowed!

NEW LISTINGNEW LISTING OPEN SUN JAN 11THOPEN SUN JAN 11TH 2:00-4:002:00-4:00

“Your East Vancouver Real Estate Experts!”Personal Real Estate Corporation

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

1912 COMMERCIAL DRIVE CHARACTER HOME1955 CHARLES ST. $950,000 Located in the Heart of Commercial Drive. Tons of

character, including original fir floors & refinished trimwork, high ceilings & claw foot tub! Fabulous flow onthe main floor - large living room with cozy gas fire-place leading into an entertainer’s dining room.Character kitchen with room for a table, separatepantry & mudroom just off the back door. 2 goodsized bedroom upstairs. BONUS-separate 2 bed-room garden level suite. There are also lots ofmechanical updates-rewired, updated plumbing,seismic upgrades & double glazed wood windows.Situated on a lovely tree lined street with a wonder-ful heritage house streetscape. Huge very privatefully fenced yard-feels like you are out in the country!

1748 DUCHESS AVE. $799,900 Rarely available 3 bedroom townhouse in the heart ofAmbleside! Nestled in a quiet cul-de-sac, this 1906 sq.ft.end unit is a blank canvas awaiting your personal touch.The top floor offers 2 bedrooms, one of which being yourvery large master bedroom & balcony offering views ofStanley Park & Lions Gate; a grand staircase w/vaulted &glassed ceiling will lead you to the main floor presenting itsgenerous 3rd bedroom w/its own patio. The kitchen &adjacent eating nook give onto an open plan conceptw/dining area (easily sitting 10 guests), a vast living room& cosy wood burning fireplace together w/spacious out-door deck (bbq ok). Beautiful hardwood floor throughout,an immense (finished) basement area w/9’5” ceiling and 4parking spaces (2 covered). Welcome home!

TOP FLOOR QUIET AND WEST FACING 1 BEDROOM AT THE BREEZE404-1990 DUNBAR STREET $329,900 For the 1st time on the market in 12 years, is this

very attractive, renovated and efficiently laid-out,West-facing (quiet), top floor, 1 bedroom suite atThe Breeze. North of 4th & nestled amongstrestaurants, cafes & grocers, you’ll not shy awayfrom entertaining friends & family in your big &well appointed kitchen. Soak up the sun whilebarbecuing on your covered balcony or cozy upwith your 4-legged friend by your gas fireplace.Keep your change for your quick ride to UBC asit comes with in-suite laundry & in-suite storage.1 parking & rentals allowed. You may as well behome for Christmas!

3 BEDROOM TOWNHOUSE WITH VIEWS IN AMBLESIDE!305 WEST 16TH AVENUE $2,388,800 Located in Cambie Village this is a fabulous devel-

opment lot in RT-5 zoning. The house has goodbones and some character but is not currentlyhabitable. It was previously used as a 3 legal suiteincome property with 2 legal addresses (also 3131Alberta St.), could be renovated and continuedwith this use, or re-developed into a strata devel-opment with potential Coach House (check withCity of Vancouver). Situated within the CambieVillage neighbourhood in the City of Vancouver’s“Cambie Corridor Plan”. Great holding property -see what phase 3 of this plan might bring as far asfurther densification. Check out the many highquality strata developments on this street.

RARELY AVAILABLE CAMBIE CORRIDOR 50’x131.84’ CORNER

604-263-1144

Kerrisdale

604-336-3539

Main Street

604-689-8226

Yaletown

www.dexterrealty.com

1290 E.43RD AVE. $968,000

POPULAR VANCOUVER SPECIALDESIRABLE KNIGHT AREA

The top floor features 3 bdrms & 2bathrms, spacious and bright livingroom w/ vaulted ceilings, dining roomand kitchen w/ eating area openingonto a West facing sundeck. Lg fami-ly room, den, workshop and bathroomon the lower level offer lots of possi-bilities. 2 car attached garage, con-venient location close to transit, shop-ping, parks and schools. LINDA HALE 604-889-9983

TRENDY SOMA! $400,000

QUIET RENOVATED2 BEDROOM

QUIET interior corner - Not facingstreet! MODERN Renovations: bath-room, kitchen, floors. Secure parking.RAINSCREENED. Desirable SoMa inMt Pleasant. Enjoy TRENDY MainStreet shops, restaurants, IGA,transit. 211 - 3131 Main St. ALAN YASIN & LORI PETTIGREW604-649-7040

585 E.17TH AVE. $859,000

JUST LISTEDFabulous location between Main& Fraser. On a 32.92’x 121’ RS1zoned lot. Older 2 bdrm home inclean & original condition. Butvalue is mainly in the superb lot.BY APPOINTMENT.

TONY IOANNOU604-263-1144

WWW.IOANNOU.CA


above&

beyondIntroducing The Windsor, the newest

residences at Polygon’s exclusive Windsor

Gate community in Coquitlam Town Centre.

A collection of two-bedroom concrete high-

rise homes with views of the surrounding

mountains and neighbouring Glen Park,

The Windsor rises dramatically from the

tree-lined streetscapes below while still

being conveniently close to SkyTrain,

Coquitlam Centre and lively cultural venues.

Two bedrooms from $324,900

3096 Windsor Gate, CoquitlamOpen Noon to 5pm (except Friday)Telephone: 604.941.8305Email: [email protected]

SAVE UP TO $ 9,500!*

*See sales staff for details.

F R I D A Y , J A N U A R Y 9 , 2 0 1 5VANCOUVER 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 > I t ’ s A l l H e r e

Nestled in the shadows of Mount Baker

and blessed with rolling hills and river

basins, Abbotsford for many years was

known as the Bible Belt of BC and home to

rural farmland.

How things have changed! Abbotsford is

emerging as one the fastest-growing cities

in BC. Today, it’s a vibrant, modern urban

metropolis, which has managed to retain its

rural country charm.

This city is also where you will discover

one of the most exciting new residential

projects in the master planned community

of Central Park Village – Hudson’s Loft 2.

This boutique-style six-storey building con-

sists of a collection of 67 homes, compris-

ing studio and den, two bedroom and den,

lofts and penthouses, starting at an incred-

ibly aff ordable $99,900.

“The two-level penthouse apartments

are located on the top two fl oors and fea-

ture beautiful green rooftop terraces,” says

Kiran Rai, marketing director, Platinum

Project Marketing, adding Phase 1 sold

out in a single day – a fi rst for Abbotsford.

“The lofts are on the third and fourth levels

and they have 18-foot ceilings in the living

space.”

To celebrate the launch of Phase 2, on

Saturday, December 6, award-winning

Wiebe Group & Diverse Properties hosted a

Sale Day with lots of great incentives.

Each open-concept residence features

engineered hardwood fl oors, nine-foot ceil-

ings throughout and expansive windows.

The Zen-like bathrooms are resplendent

with marble countertops, full height frame-

less fl oating mirror and soaker tub.

The kitchens will inspire you to cook

with its contemporary wood grain or white

Shaker cabinetry, engineered quartz coun-

tertops, Frigidaire stainless steel appliance

package and sleek stainless steel under-

mount double sink (in most units).

It doesn’t stop there. Other features

include either a terrace or balcony off er-

ing sweeping views of Mount Baker, the

forested trails in Horn Creek Park, as well

as lots of green space.

Location, Location, Location:When Hudson’s Loft 2 residents take

occupancy in February 2016, they will be

residing in the heart of a burgeoning com-

munity, only 10 minutes away from the

downtown core.

When this 9.5 acre neighbourhood is

completed, it will be home to a village mar-

ket and café, restaurants, local businesses/

commercial space and lots more.

The homes are close to big box retailers

such as The Real Canadian Superstore,

Seven Oaks Shopping Centre and West Oaks

Shopping Mall. For art and culture lovers,

the Abbotsford Entertainment and Sports

Centre, Abbotsford Art Gallery, Tradex

Centre and movie theatres are nearby.

In addition, you are minutes from the

West Coast Express, and a 45-minute drive

to downtown Vancouver via the Port Mann

Bridge.

Whether you are a fi rst time buyer, an

investor or simply a home buyer who appre-

ciates superior quality, this is your oppor-

tunity to live in a new home that melds the

best of urban life, all for a fantastic price.

The sales centre and two fully decorated

display homes, located at 3068 Gladwin

Rd, Abbotsford, are open noon to 5 p.m.

(except Fridays).

For more information, call 604-864-

8948, email [email protected] or visit

www.hudsonsloft.ca.

Tentative occupancy: February 2016.

ABBOTSFORD’S HUDSON’S LOFT 2:YALETOWN FEEL WITHOUT

THE PRICE TAG

vancouver eastside jan 9, 2015 real estate weekly

Documents

vancouver housing market

housing sales

housing demandfuelled

housing startshousing

greater vancouver

vancouver region

housing corporation

total housing starts