Posted on
January 30, 2018
by
Fabrizio Zenone
The year’s most-read news stories take in the BC election, the mortgage stress test and some diverging market predictions
In a year of market uncertainty, various government interventions and a provincial election, REW’s News + Trends category saw more clicks than ever before. But what were the hottest of all those hot topics? Here’s our countdown of our five most-clicked News + Trends stories of the year…
The fifth most-read news story of 2017 was the announcement of the dreaded “stress test” qualification rules being extended to all new mortgage applicants. The test had already been applied to applicants for insured mortgages (less than 20% down payment) in the fall of 2016, but fears that even those buyers with 20% down payment or more were overstretching themselves – and putting banks at risk – led to the much-anticipated announcement in October 2017. There was a lot of pushback, with some decrying the decision as likely to make things worse.
The only provincial election story to hit our top five most-clicked is this pre-election piece about a key NDP housing promise. The eventually victorious party pledged that if it were to gain power, it would impose a 2% tax on owners of Vancouver homes who do not pay Canadian income taxes (with many exemptions for non-taxpaying locals). As of December 2017, there’s no sign of any such tax so far, but it’s still early days.
The second of two stories on the new stress test, this one anticipates the October confirmation about the new policy, with TD Bank predicting that it could cool the housing market. The reduction in buyers’ purchasing power could be as much as 20%, and with some markets already seeing a slowdown, the new rules could exacerbate any price corrections, said the bank. We’ll see in the first part of 2018 whether TD’s number-crunchers were right…
One of two prediction stories about Vancouver’s housing market in these rankings, this piece was more of a warning than an optimistic outlook. At an industry event, leading real estate marketer Cameron McNeill from MLA Canada warned that the relatively slow rate of new home construction combined with increased demand and population growth meant that Vancouver was “dancing on the edges of a massive problem” in housing supply. What does this mean for market activity and home prices? “We ain’t seen nothin’ yet,” McNeill warned. The article that covered his comments obviously rang our users’ alarm bells, as it was the year’s second most-read News + Trends story.
Our top story of the year was also our first story of the year. This January 3, 2017 article was a round-up of market predictions from various industry groups and Big Banks – some of them bullish, some less so. Most predicted a drop in home sales compared with the frenzy of early 2016 – correctly, as it turns out. But the overall consensus that Vancouver and BC home prices would lose ground turned out to be inaccurate – only Central 1 was correct, in that home prices in fall of 2017 would be higher than a year previously. This story was popular right off the bat in January, but readers also kept coming back to it throughout the year – perhaps to see whose predictions had been right…
Posted on
January 26, 2018
by
Fabrizio Zenone
Homes don’t clean themselves. But these easy-peasy rules (wake and make!) will make you feel like they do.
Here’s the thing you may have noticed about houses: They don’t clean themselves.
Which is unfortunate, because if houses cleaned themselves you could spend less time cleaning yours, and more time doing something more fun, like watching “The Golden Girls,” because dang, that’s actually a great show.
A few simple daily habits could make it seem like you’ve got a self-cleaning house.
Rules like …
#1 Dedicate 20 Minutes a Day Every Day
You don’t need to set aside 20 hours one day to get things in order. You only need 20 minutes every day.
Focus on tackling clutter in just one room. You might only pare down a single drawer or shelf, but “it will make you feel accomplished at the end of the day, and at the end of a week, you will see how much you can declutter,” says professional organizer Helena Alkhas.
#2 Follow a "One-Minute" Rule
Small tasks add up quickly when you’re saving them to do all at once. So if it takes less than a minute to complete, do it immediately.
Put that cup in the dishwasher rather than the sink.
Break down that Amazon box for recycling right after you unbox your goodie.
(Hot tip: Want a reminder of how much you can get done in a minute? Next time your coffee goes cold, pop it in the microwave for a minute, and just stand there. For the whole minute. It’s kind of a long time.)
#3 Start a Load of Laundry Before Work
If you have a full load in the hamper, toss it in while you’re getting ready for work. By the time you leave, it will be ready for the dryer.
When you get home, you’ll already feel ahead of schedule with just a little fluffing and folding to do. Just make sure you’ve properly maintained your dryer to reduce the risk of a fire.
#4 Always Leave a Room With Something in Hand
Whatever room you’re in, chances are there’s a toy, cup, blanket or T-shirt that needs to be delivered back to another room.
Oh hey, conveniently, you’re always walking into other rooms. Why not pickup a hitchhiker or two?
Every time you leave a room, take a quick scan for anything that belongs where you’re going, and you’ll start habitually keeping clutter under control.
#5 Deal With Your Mail Every Time You Bring It In
With so much of your important mail going straight to your inbox, sometimes you’ve got days of fliers and junk mail to wade through every time you make it to the USPS mailbox.
To banish paper clutter from your home — and make sure you catch anything actually worth reading — immediately sort through your mail, recycling the nonsense and putting the keepers in an assigned spot.
Related: The Link Between Clutter and Depression
#6 Scan and Trash Weekly
You don’t really have to choose between forgetting what time the reception starts and stumbling over your cousin’s wedding invite for three months.
Thanks to this fancy technology stuff, you can clear out all receipts, invitations, insurance documents, and other important paperwork.
Take a few minutes every weekend to scan and save everything, then toss it all it the recycling. With smartphone apps like Genius Scan, you always have the tools in the palm of your hand.
#7 Tidy Up During Downtime
In the five minutes it takes to nuke your lunch, you can unload and possibly reload the dishwasher, or wipe off the countertops and appliances. You’ll be surprised how much order you can restore to your home during these normally wasted waiting-on-something moments.
#8 Make Your Bed as Soon as You Get Up
There’s a reason the Marines start the day with this simple task — also known as “wake and make.”
According to retired Admiral William H. McRaven, author of “Make Your Bed: Little Things That Can Change Your Life … and Maybe the World,” “It will give you a small sense of pride, and it will encourage you to do another task and another and another. By the end of the day, that one task completed will have turned into many tasks completed.”
#9 Do Chores in the Same Order
Whether you’re cleaning on a Saturday or Wednesday, your mind (and body) will move more quickly from vacuuming to mopping to dusting if you check chores off in the same order — making it easier to keep your home tidy and clean.
Headphones and a throwback playlist are a recommended, but not required, part of the routine.
#10 Spot-Clean Bathrooms Nightly
Just as clutter attracts clutter, bathroom funk quickly multiplies.
Stock every bathroom with Lysol wipes and you can quickly and easily clean the countertop and toilet when you brush your teeth or help the kids get ready for bed, Alkhas says.
While wiping, you’ll naturally put away the floss, hair ties, and other clutter in your path.
#11 Stop Dirt and Clutter at the Door
Establish a house rule that shoes, bags, jackets, and “pocket items” — your keys, sunglasses, wallet, and phone — are stowed in a drop zone at the door.
Make this easy to enforce by assigning one hook and open shelf for every member of the family — double that for those with lots of extracurriculars, Alkhas says.
Related: 7 Genius Entryway Storage Ideas to Get You Out the Door Faster
#12 Clean Out the Fridge Weekly
Don’t let moldy leftovers take over shelf space and your mind.
The night before your garbage day, “wipe off the shelves and clean out anything that has no chance of being eaten,” Alkhas says. You’ll get a clearer view of your food options and open up space for ingredients needed in the coming week.
#13 Empty the Dishwasher Every Morning
The conquest of a homemade dinner (OK, a “home-prepared” dinner, most days) feels short-lived when you’re left with a mountain of dishes and no place to put them.
Take a couple minutes every morning to empty the dishwasher and you’ll stay ahead of the game.
#14 Conduct a Nightly Tidy-Up
Every night, take a laundry basket on a tour of your house and pick up anything that’s out of place. “You don’t have to put it away now. If you want, plan to do it on Saturday and it won’t take much time at all,” Alkhas says.
If there are more than two people in your household, separate the day’s clutter into assigned baskets for each family member to put away daily or weekly.
With this routine, Alkas adds, “you’ll wake up to a living room that’s decluttered and a kitchen that is tidy, and you can start your day fresh.”
#15 Follow a Clean-Out Schedule for Your Storage Areas
Just because it’s hidden behind a cupboard door doesn’t mean it’s exempt from clutter status.
Establish a schedule, perhaps every month, to rid a specific storage space of its dead weight — like expired food in the pantry, excess gadgets in a kitchen drawer, or the cupboard holding the gazillion ragged dishtowels you’ve had since your tiny college studio apartment. (It’s time to let those go.)
#16 Keep Everyone Involved
When one person leaves a dish in the sink, it paves a slippery slope for others to follow suit.
So have a “The Brady Bunch”-style family meeting to make sure everyone understands their responsibilities and chores for maintaining order in the home. Serve brownies. They’ll show up.
Posted on
January 26, 2018
by
Fabrizio Zenone
I have sold a property at 209 1132 DUFFERIN ST in Coquitlam.
This place is amazing and has been professionally renovated. Large spacious unit offering a den that is more like another bedroom with built in murphy bed. or use it as an office. Large patio with views of greenbelt and gardens. Gas fireplace, wine cooler and a seperate laundry room, radiant floors in the bath are just a few features to mention. Great location near all ammenties, schools, college and skytrain. Prefect for first time home buyers - and affordable with a small downpayment. Open house cancelled
Posted on
January 26, 2018
by
Fabrizio Zenone
I have sold a property at 907 660 NOOTKA WAY in Port Moody.
Beautiful 2 bedrooms unit in NAHANNI by Polygon. Open layout, granite tops, gas stove, stainless steel appliances, fireplace, expansive windows, large deck and two parkings. Enjoy the Canoe Club with outdoor pool, tennis court, media & games room, plus gym. Truly an amazing clubhouse. Walking distance to shops and restaurants of Newport Village. Close to Coquitlam Centre, and parks and trails of Port Moody. Don't miss it.
Posted on
January 24, 2018
by
Fabrizio Zenone
Please visit our Open House at 1 7665 209 ST in Langley.
Open House on Saturday, January 27, 2018 2:00PM - 4:00PM
Luxurious Archstone-Yorkson complex. Deluxe end unit townhouse. Feels like you are in a single family home. Open concept, bright and spacious. 3 Bedrooms up + Den down, 3 bathrooms, 3 levels. Kitchen features High End Stainless Steel appliances, natural gas cook top and oven, built-in coffee system, quartz countertops, lots of cupboards/drawers, spacious island with pendant lighting. Decks off living room and kitchen. Gas hookup for BBQ. Fully fenced front yard with built-in sprinkler. Double garage. Great family location, close to schools, shopping, parks and walking trails. Measurements taken by Draft on Site.
Posted on
January 17, 2018
by
Fabrizio Zenone
I have sold a property at 32568 SALSBURY AVE in Mission.
Opportunity Knocks. Brand New Modern Home.... over 600 sq/ft Triple garage and lots of additional parking. Great neighbourhood. 5 Bedroom and 4 bathrooms. Custom design and colours. Why buy old when you can buy a brand new for reasonable price. Book your private showing. All ready to move in.
Posted on
January 17, 2018
by
Fabrizio Zenone
I have listed a new property at 203 1005 7TH AVE W in Vancouver.
ENJOY BEAUTIFUL, PANORAMIC CITY & MOUNTAIN LANDSCAPE VIEWS FROM THIS 2 BEDROOM CONDO IN TREE-LINED STREET LOCATED ON CUL-DE-SAC. Nearly 1,000 square feet featuring 2 spacious bedrooms (second bedroom has window and brick fireplace, no closet). Over $17,000 spend on gorgeous hardwood flooring throughout. Recently repainted. Spacious kitchen and living room with surreal views of the city, mountains & False Creek. New dishwasher. Large master bedroom features well-appointed walk-in closet that leads into ensuite. Fully rainscreened building. Includes 1 parking and 1 storage locker. SUPER walkscore - close to shopping, restaurants, seawall & Canada Line. Don't miss out - make it yours today. Open Houses: Thursday, January 18th, 4:30pm to 7:00pm & Sunday, January 21st from 1:00pm to 5:00pm.
Posted on
January 17, 2018
by
Fabrizio Zenone
I have listed a new property at 1 7665 209 ST in Langley.
Luxurious Archstone-Yorkson complex. Deluxe end unit townhouse. Feels like you are in a single family home. Open concept, bright and spacious. 3 Bedrooms up + Den down, 3 bathrooms, 3 levels. Kitchen features High End Stainless Steel appliances, natural gas cook top and oven, built-in coffee system, quartz countertops, lots of cupboards/drawers, spacious island with pendant lighting. Decks off living room and kitchen. Gas hookup for BBQ. Fully fenced front yard with built-in sprinkler. Double garage. Great family location, close to schools, shopping, parks and walking trails. Measurements taken by Draft on Site. Open House - Jan. 20 from 2-4 PM + Jan. 21 from 1-3 PM.
Posted on
January 17, 2018
by
Fabrizio Zenone
Please visit our Open House at 203 1005 7TH AVE W in Vancouver.
Open House on Thursday, January 18, 2018 4:30PM - 7:00PM
ENJOY BEAUTIFUL, PANORAMIC CITY & MOUNTAIN LANDSCAPE VIEWS FROM THIS 2 BEDROOM CONDO IN TREE-LINED STREET LOCATED ON CUL-DE-SAC. Nearly 1,000 square feet featuring 2 spacious bedrooms (second bedroom has window and brick fireplace, no closet). Over $17,000 spend on gorgeous hardwood flooring throughout. Recently repainted. Spacious kitchen and living room with surreal views of the city, mountains & False Creek. New dishwasher. Large master bedroom features well-appointed walk-in closet that leads into ensuite. Fully rainscreened building. Includes 1 parking and 1 storage locker. SUPER walkscore - close to shopping, restaurants, seawall & Canada Line. Don't miss out - make it yours today. Open Houses: Thursday, January 18th, 4:30pm to 7:00pm & Sunday, January 21st from 1:00pm to 5:00pm.
Posted on
January 17, 2018
by
Fabrizio Zenone
Please visit our Open House at 203 1005 7TH AVE W in Vancouver.
Open House on Sunday, January 21, 2018 1:00PM - 5:00PM
ENJOY BEAUTIFUL, PANORAMIC CITY & MOUNTAIN LANDSCAPE VIEWS FROM THIS 2 BEDROOM CONDO IN TREE-LINED STREET LOCATED ON CUL-DE-SAC. Nearly 1,000 square feet featuring 2 spacious bedrooms (second bedroom has window and brick fireplace, no closet). Over $17,000 spend on gorgeous hardwood flooring throughout. Recently repainted. Spacious kitchen and living room with surreal views of the city, mountains & False Creek. New dishwasher. Large master bedroom features well-appointed walk-in closet that leads into ensuite. Fully rainscreened building. Includes 1 parking and 1 storage locker. SUPER walkscore - close to shopping, restaurants, seawall & Canada Line. Don't miss out - make it yours today. Open Houses: Thursday, January 18th, 4:30pm to 7:00pm & Sunday, January 21st from 1:00pm to 5:00pm.
Posted on
January 17, 2018
by
Fabrizio Zenone
Please visit our Open House at 1 7665 209 ST in Langley.
Open House on Saturday, January 20, 2018 2:00PM - 4:00PM
Luxurious Archstone-Yorkson complex. Deluxe end unit townhouse. Feels like you are in a single family home. Open concept, bright and spacious. 3 Bedrooms up + Den down, 3 bathrooms, 3 levels. Kitchen features High End Stainless Steel appliances, natural gas cook top and oven, built-in coffee system, quartz countertops, lots of cupboards/drawers, spacious island with pendant lighting. Decks off living room and kitchen. Gas hookup for BBQ. Fully fenced front yard with built-in sprinkler. Double garage. Great family location, close to schools, shopping, parks and walking trails. Measurements taken by Draft on Site. Open House - Jan. 20 from 2-4 PM + Jan. 21 from 1-3 PM.
Posted on
January 17, 2018
by
Fabrizio Zenone
Please visit our Open House at 1 7665 209 ST in Langley.
Open House on Sunday, January 21, 2018 1:00PM - 3:00PM
Luxurious Archstone-Yorkson complex. Deluxe end unit townhouse. Feels like you are in a single family home. Open concept, bright and spacious. 3 Bedrooms up + Den down, 3 bathrooms, 3 levels. Kitchen features High End Stainless Steel appliances, natural gas cook top and oven, built-in coffee system, quartz countertops, lots of cupboards/drawers, spacious island with pendant lighting. Decks off living room and kitchen. Gas hookup for BBQ. Fully fenced front yard with built-in sprinkler. Double garage. Great family location, close to schools, shopping, parks and walking trails. Measurements taken by Draft on Site. Open House - Jan. 20 from 2-4 PM + Jan. 21 from 1-3 PM.
Posted on
January 12, 2018
by
Fabrizio Zenone
The old Safeway on Austin Avenue is down to make way for a new and expanded grocery store. The property owner, Beedie Living, plans to build two new highrises after the store opens in the summer of 2019.
An illustration of the proposed Safeway site, looking northeast.
In the centre of Austin Heights, one of Coquitlam’s oldest neighbourhoods, excavators are at work tearing up the ground on the old Safeway site to make way for a massive redevelopment.
The 91,500-sq. ft. property at 1029-1033 Austin Ave. is owned by Beedie Living, the company that built the first highrise in the district after city council approved the Austin Heights Neighbourhood Plan in 2011, aimed at adding 5,000 more residents over the next 20 years.
But over the past seven years, there has been little interest by developers to renew the area.
Now, with real estate prices sky high and last year’s lift of the height moratorium on the strip — allowing developers to build up to 25 storeys — there’s been an uptick in activity.
And Beedie Living’s plans for the old Safeway site are expected to spur growth even faster.
While Sobeys, the supermarket chain that owns Safeway, is currently rebuilding its grocery store (due to open in the summer of 2019), Beedie is proposing to flank it with two towers, adding retail units at street level and 23 storeys of residential above for a total of 346 new homes.
Next Thursday (Jan. 18), Beedie’s concept will be put to the public at an open house from 5 to 7 p.m. at the Royal Canadian Legion (1025 Ridgeway Ave.) as part of its consultation.
Andrew Merrill, Coquitlam’s community planning manager, said the mega-development comes with a cost: Beedie will have to shell out $9.5 million in development cost charges (DCCs) for new infrastructure, community amenity fees and a density bonus. And it will be responsible for streetscape frontage upgrades along Austin and Ridgeway avenues, and Nelson Street.
The area rejuvenation is music to the ears of Lisa Landry, executive director of the Austin Heights Business Improvement Association, which last month saw its five-year budget and mandate renewed by city council (the 69 area property owners will vote on the plans this month).
As the district is the last big commercial core before the Port Mann bridge, Landry said, entrepreneurs are flocking to Austin Heights and opening new shops: Artisan Gifts and Flowers, and Coffee + Vanilla — among others — moved in last year and, next month, chartered accountant Sharon Perry Inc. is set to relocate her office into the Meegan Business Centre.
Besides the new tenants, more redevelopment is coming, Merrill said, citing a rezoning bid for a five-storey building (with 75 purpose-built rental units and a new church) at the Como Lake United Church property at King Albert Avenue and Marmont Street (council gave second and third bylaw readings on Nov. 27); and a pre-application for a 13-storey mixed-used building with about 79 residential units plus ground-floor commercial, at 1044-1046 Austin Ave.
Meanwhile, city hall is getting a lot of queries about the old post office on Ridgeway, he said.
Landry said the BIA — which represents 280 businesses in an area bounded by Gatensbury and Blue Mountain, and Ridgeway and Austin, some of which have been in the neighbourhood for more than four decades — plans to showcase the revitalization in a series of marketing efforts.
“It’s an exciting time to be part of Austin Heights and there’s a lot of pride,” she said. “We have seen a large turnover with the real estate boom and we want to tell businesses coming into the area that we have a very loyal customer base, and we are invested and committed.”
Posted on
January 12, 2018
by
Fabrizio Zenone
New mortgage stress test created a rush for starter units in 2017’s third quarter – but won’t dampen demand in 2018, says brokerage.
A surge of buying activity – and nowhere near enough supply – caused condo prices in Metro Vancouver to soar 20.2 per cent year over year in 2017’s fourth quarter.
The prospect of the new mortgage “stress test” coming into play January 1 caused buyers to speed up their home-buying plans in the final quarter of 2017. The strict new rules now require home buyers to qualify for their mortgages at a markedly higher interest rate than the rate they will pay – which reduces purchasing power by up to 20 per cent.
Combined with a severe lack of available inventory, buyers’ desire to get into the market ahead of the new rules pushed the median price of a Greater Vancouver condo up to $651,885 in Q4 2017.
During the same period, the aggregate home price in Greater Vancouver increased 8.2 per cent year-over-year to $1,267,769.
We do not anticipate a corresponding drop in condo market activity in 2018, with the new qualification rules now in place. The brokerage anticipates that many buyers who might have been able to purchase a house or townhome will now be competing for a limited number of condos, due to their reduced purchasing power.
Posted on
January 12, 2018
by
Fabrizio Zenone
I have listed a new property at 11 GREENBRIAR PL in Port Moody.
Well-maintained 5,200+ sq ft home on Heritage Mountain with beautiful view of the Burrard Inlet! Features 2 bedroom legal walk-out suite. Enter into formal living room with vaulted ceiling and separate dining room. Gourmet kitchen includes stainless steel appliances, commercial-grade stove, Corian countertops & Italian-imported tiles. Bright family room opens onto large balcony with stunning views. Large laundry and office complete main floor. Upstairs features LARGE master bedroom with spacious walk-in closet and 6-piece ensuite including jetted bathtub, huge shower and his and her sinks. 2 bedrooms, games room and 2 bathrooms complete upstairs. Basement features rec room, 2 bedroom legal suite plus additional 1 bedroom. Open House: Sun, Jan 14th, 2:00-4:00 PM.
Posted on
January 6, 2018
by
Fabrizio Zenone
After reaching record levels in 2015 and 2016, Metro Vancouver home sales returned to more historically normal levels in 2017. Home listings, on the other hand, came in several thousand units below typical activity.
The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties reached 35,993 on the Multiple Listing Service® (MLS®) in 2017, a 9.9 per cent decrease from the 39,943 sales recorded in 2016, and a 15 per cent decrease over the 42,326 residential sales in 2015.
Last year’s sales total was, however, 9.7 per cent above the 10-year sales average.
“It was a steady year for home sales across the region, led by condominium and townhome activity, and a quieter year for home listings,” Jill Oudil, REBGV president said. “Metro Vancouver home sales were the third highest we’ve seen in the past ten years while the home listings total was the second lowest on record for the same period.”
Home listings in Metro Vancouver reached 54,655 in 2017. This is a 5.1 per cent decrease compared to the 57,596 homes listed in 2016 and a 4.5 per cent decrease compared to the 57,249 homes listed in 2015.
Last year’s listings total was 4.4 per cent below the 10-year listings average.
“Market activity differed considerably this year based on property type,” Oudil said. “Competition was intense in the condominium and townhome markets, with multiple offer situations becoming commonplace. The detached home market operated in a more balanced state, giving home buyers more selection to choose from and more time to make decisions.”
The MLS® HPI composite benchmark price for all residential properties in Metro Vancouver ends the year at $1,050,300. This is up 15.9 per cent compared to December 2016.
The benchmark price of condominiums increased 25.9 per cent in the region last year. Townhomes increased 18.5 per cent and detached homes increased 7.9 per cent.
“Strong economic growth, low interest rates, declining unemployment, increasing wages and a growing population all helped boost home buyer demand in our region last year,” Oudil said.
December summary
Sales of detached, attached, and apartment properties totalled 2,016 in the region in December 2017, a 17.6 per cent increase from the 1,714 sales recorded in December 2016 and a 27.9 per cent decrease compared to November 2017 when 2,795 homes sold.
Last month’s sales were 7.5 per cent above the 10-year sales average for the month.
“As we move into 2018, REALTORS® are working with their clients to help them understand how changing interest rates and the federal government’s new mortgage qualifications could affect their purchasing power,” Oudil said. “Only time will tell what impact these rules will have on the market.
“Home buyers today should get pre-approved before making an offer to ensure that your home buying goals align with your financial situation,” Oudil said.
There were 1,891 residential homes newly listed for sale in December 2017. This represents a 44.1 per cent increase compared to the 1,312 homes listed in December 2016 and a 54 per cent decrease compared to November 2017 when 4,109 properties were listed.
The total number of homes currently listed for sale on the MLS® in Metro Vancouver is 6,958, a 9.7 per cent increase compared to December 2016 (6,345) and a 20.5 per cent decrease compared to November 2017 (8,747).
The sales-to-active listings ratio for December 2017 is 29 per cent. By property type, the ratio is 14.4 per cent for detached homes, 38.8 per cent for townhomes, and 59.6 per cent for condominiums.
Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
Sales of detached properties in December 2017 reached 617, a 14 per cent increase from the 541 detached sales recorded in December 2016. The benchmark price for a detached home in the region is $1,605,800. This represents a 7.9 per cent increase compared to December 2016.
Sales of apartment homes reached 1,028 in December 2017, a 12.3 per cent increase compared to the 915 sales in December 2016.The benchmark price of an apartment in the region is $655,400. This represents a 25.9 per cent increase compared to December 2016.
Attached (or townhome) property sales in December 2017 totalled 371, a 43.8 per cent increase compared to the 258 sales in December 2016. The benchmark price of an attached home in the region is $803,700. This represents an 18.5 per cent increase compared to December 2016.
Posted on
January 6, 2018
by
Fabrizio Zenone
This file image shows homes in the Coal Harbour neighbourhood.
The British Columbia government is raising the threshold for the 2018 homeowner grant as residents receive letters this week indicating the assessed value of their homes is up again.
Now, anyone who owns a home under $1.65 million is eligible for a $570 basic homeowner grant.
The government says raising the threshold means the grant would be applicable to 91 per cent of B.C. homes, the same percentage as last year.
The province has steadily increased the threshold over the last few years as the value of real estate has climbed, from $1.6 million last year and $1.2 million in 2016.
Homeowners aged 65 and over can claim a grant of $845, and those in northern and rural B.C. are eligible for a $770 deduction.
In order to claim the grant, a home must be the owner's principal residence.
Posted on
January 6, 2018
by
Fabrizio Zenone
I have listed a new property at 217 3098 GUILDFORD WAY in Coquitlam.
ATTENTION DOWNSIZERS 55 YEARS AND BETTER! Enjoy retirement living at the Marlborough House in south-facing 2 bedroom unit in North Coquitlam! Enjoy a wide variety of amenities without leaving your doorstep, including pub room, lounge, library, exercise room, workshop, pool & spa. Features guest suite in building. Convenient location - close to Lafarge Lake, shopping, recreation, public library and public transportation. Spacious and bright kitchen and living room with gas fireplace. Wide plank vinyl flooring was replaced in 2016. Newer washer and dryer. Private unit features a MASSIVE, nearly 600 sq/ft patio and faces quiet green space underneath. OPEN HOUSE Saturday, January 6th from 2:00pm to 4:00pm.
Posted on
January 6, 2018
by
Fabrizio Zenone
I have listed a new property at 3440 JERVIS ST in Port Coquitlam.
Extremely PRIVATE yet CENTRALLY-LOCATED updated 4 bedroom 3 bathroom home on an almost 14,000 sq/ft lot! On one side of the house is green space. Step up into the spacious living room, dining room and renovated kitchen w/ beautiful maple cabinets & crown moulding. Huge master bedroom has brand new ensuite w/ quartz countertop. Brand new main bathroom features quartz countertop & new tub. 2 other good-sized bedrooms complete main floor. Downstairs features large recreation room, 4th bedroom & large mud room w/ built-in shelving units. Features central air-conditioning. The backyard is a MUST-SEE. Includes spacious covered patio & above-ground pool. There is potential to build carriage/coach-house on property for additional income. Close to schools, shopping & short walk to Evergreen Line.
Categories:
Albion, Maple Ridge Real Estate
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Anmore, Port Moody Real Estate
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Arbutus, Vancouver West Real Estate
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Barber Street, Port Moody Real Estate
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Bear Creek Green Timbers, Surrey Real Estate
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Belcarra, Port Moody Real Estate
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Bolivar Heights, North Surrey Real Estate
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Brentwood Park, Burnaby North Real Estate
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Brookswood Langley, Langley Real Estate
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Burnaby Hospital, Burnaby South Real Estate
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Central Coquitlam, Coquitlam Real Estate
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Central Meadows, Pitt Meadows Real Estate
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Central Park BS, Burnaby South Real Estate
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Central Pt Coquitlam, Port Coquitlam Real Estate
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Chilliwack W Young-Well, Chilliwack Real Estate
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Citadel PQ, Port Coquitlam Real Estate
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Cloverdale BC, Cloverdale Real Estate
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College Park PM, Port Moody Real Estate
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Coquitlam East, Coquitlam Real Estate
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Coquitlam West, Coquitlam Real Estate
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Downtown NW, New Westminster Real Estate
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Eagle Ridge CQ, Coquitlam Real Estate
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East Central, Maple Ridge Real Estate
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Fleetwood Tynehead, Surrey Real Estate
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Forest Hills BN, Burnaby North Real Estate
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Fraserview VE, Vancouver East Real Estate
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Glenayre, Port Moody Real Estate
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GlenBrooke North, New Westminster Real Estate
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Glenwood PQ, Port Coquitlam Real Estate
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Government Road, Burnaby North Real Estate
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Grandview Surrey, South Surrey White Rock Real Estate
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Guildford, North Surrey Real Estate
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Harbour Place, Coquitlam Real Estate
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Hastings, Vancouver East Real Estate
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Heritage Mountain, Port Moody Real Estate
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Heritage Woods PM, Port Moody Real Estate
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Highgate, Burnaby South Real Estate
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Holly, Ladner Real Estate
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Killarney VE, Vancouver East Real Estate
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Kitsilano, Vancouver West Real Estate
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Lincoln Park PQ, Port Coquitlam Real Estate
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Lower Mary Hill, Port Coquitlam Real Estate
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Lynn Valley, North Vancouver Real Estate
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Maillardville, Coquitlam Real Estate
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Marpole, Vancouver West Real Estate
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Mary Hill, Port Coquitlam Real Estate
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Mid Meadows, Pitt Meadows Real Estate
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Mission BC, Mission Real Estate
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Mount Pleasant VE, Vancouver East Real Estate
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Mountain Meadows, Port Moody Real Estate
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New Horizons, Coquitlam Real Estate
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North Coquitlam, Coquitlam Real Estate
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North Shore Pt Moody, Port Moody Real Estate
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Park Ridge Estates, Coquitlam Real Estate
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Parkcrest, Burnaby North Real Estate
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Port Moody Centre, Port Moody Real Estate
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Quay, New Westminster Real Estate
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Queensborough, New Westminster Real Estate
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Ranch Park, Coquitlam Real Estate
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River Springs, Coquitlam Real Estate
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Riverwood, Port Coquitlam Real Estate
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Sapperton, New Westminster Real Estate
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Seafair, Richmond Real Estate
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Silver Valley, Maple Ridge Real Estate
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Simon Fraser Univer., Burnaby North Real Estate
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South Meadows, Pitt Meadows Real Estate
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Southwest Maple Ridge, Maple Ridge Real Estate
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Sperling-Duthie, Burnaby North Real Estate
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Steveston Village, Richmond Real Estate
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University VW, Vancouver West Real Estate
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Upper Eagle Ridge, Coquitlam Real Estate
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Uptown NW, New Westminster Real Estate
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Vancouver East Real Estate
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Vancouver Heights, Burnaby North Real Estate
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Victoria VE, Vancouver East Real Estate
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Websters Corners, Maple Ridge Real Estate
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West Central, Maple Ridge Real Estate
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West End VW, Vancouver West Real Estate
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Westwood Plateau, Coquitlam Real Estate
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Westwood Summit CQ, Coquitlam Real Estate
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Whalley, North Surrey Real Estate
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Willingdon Heights, Burnaby North Real Estate
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Willoughby Heights, Langley Real Estate
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Woodland Acres PQ, Port Coquitlam Real Estate
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