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Harbour Place, Coquitlam Real Estate
I have sold a property at 1991 CUSTER CRT in Coquitlam.
Great location for this updated family home! Situated in a cul-de-sac, in the desired Harbour Chines neighbourhood, steps away from Como Lake Village, Mundy Park & transit. Elementary, middle & high schools - minutes away. Split entry 4 bedroom home features an updated kitchen with maple shaker style cabinets, matte finish granite counters, stainless steel appliances & an eating area, living room with a country style brick fireplace & large dining room with access to the deck. 3 bedrooms on the main; master with 3 piece ensuite and walk in closet, the main bath is brand new. Lower level has a 1 bedroom suite (not currently tenanted) with separate entry. Shared laundry. Carport enclosed with insulated doors. Roof redone - 1 yr. ago. Large private yard has a secluded patio and mature trees.
New property listed in North Shore Pt Moody, Port Moody![]()
I have listed a new property at 111 JACOBS RD in Port Moody.
Welcome to the west coast lifestyle that the North Shore of Port Moody has to offer. Open your French Doors to the ocean breeze & the view, walk your kids to school & enjoy the trails at the end of your road or along the foreshore of Old Orchard Park. This split level home has an updated kitchen w/ granite counters, white cabinetry, stainless steel appliances, including a gas stove & access to the huge partially covered deck that overlooks your large private lot. Three bedrooms & den are on the main with a media room/4th bedroom, laundry, storage & bathroom down. Maple hardwood flooring, designer paint, & updated bathrooms. Oversized garage has more storage or workshop & access to the lush, fully fenced, backyard. Close to everything, shopping at Newport Village, recreation & Skytrain.
New property listed in Whalley, North Surrey![]()
I have listed a new property at 10656 138A ST in Surrey.
Attention Developers!! Surrey's City Centre Official Community Plan has this site as multi-family residential development. With low to mid rise buildings at 2.5 FAR. Purchase for development or as an excellent holding property with good rental income. Great location, walking distance to SFU Surrey campus & skytrain stations. Close to shopping and restaurants and great for your commute with quick access to Hwy 1 and King George Blvd.
New property listed in Westwood Plateau, Coquitlam![]()
I have listed a new property at 905 1415 PARKWAY BLVD in Coquitlam.
This sub penthouse suite enjoys unobstructed mountain and forest views from every room! You will love to entertain in the gourmet kitchen and on your large private patio. Kitchen with stainless steel appliances, custom hood vent and large breakfast bar. This home is perfect with its full size dining room, open concept floor plan, nine foot ceilings, luxurious master suite; including a spacious walk-in closet, spa like ensuite & custom blinds. The second bedroom is on the other side of the unit for full privacy. Engineered hardwood and new carpeting, granite counters and maple cabinetry throughout. Custom built fireplace surround & mantle to enjoy in the living room. Separate den for your workspace or family room. Close to shopping at Westwood Plateau Plaza, hiking trails & 2 golf courses!
New property listed in Citadel PQ, Port Coquitlam![]()
I have listed a new property at 5 2381 ARGUE ST in Port Coquitlam.
You will love the lifestyle that comes with this home! Steps from the PoCo Trail and the Fraser River, bike/walk to Colony Farm and all along the foreshore. This Whistler inspired detached home has a spacious main floor with a deck off of the dining room to enjoy the southern views of the river. Open concept kitchen with separate island, large eating area & adjacent to the family room with a cozy fireplace. Up are 3 bedrooms, bathrooms, and convenient laundry; master with walk-in closet and huge ensuite that includes a soaker tub and separate walk-in shower. Recreation room is down along with storage. Access to the private yard from the deck off of the kitchen or the rec room/ 4th bedroom. Storage room has rough in for 4th bathroom. Central AC. Easy access to the bypass for your commute.
No rental subsidy, but rent freeze continues in B.C.: Budget 2021VANCOUVER -- B.C. released its budget for 2021-2022 on Tuesday and there was no sign of the $400 annual renter’s rebate Premier John Horgan promised during the provincial election last year. That rebate, for households with an income of up to $80,000 a year, is still something the government is working towards, Finance Minister Selina Robinson said. “I think it’s safe to say that affordability has worsened during the pandemic,” housing advocate Jill Atkey said Tuesday. She’s the CEO of the BC Non-Profit Housing Association. Atkey says that while the subsidy hasn’t materialized this budget, there is help available for those in transition to more stable homes -- and that’s what’s needed right now. “It’s a stay-the-course budget on housing, but I think we can all recognize that the course has changed because of the pandemic.” The budget does promise more affordable housing, however, with $80 million set aside to fund the housing affordability plan and to deliver 114,000 affordable homes. The province has also promised $2 billion in development funding through Housing Hub, which it says will help create 9,000 new homes for “middle-income families over the next three to five years.” The projected budget deficit for the last fiscal year was originally expected to be $13.6 billion, but is now $8.1 billion, in part due to the continued resilience of the housing market and money gained from the property transfer tax. “So far, the province has taken steps on more than half of the actions in the plan to build the homes that people need, crack down on tax fraud, close loopholes, help stabilize the real estate market and build partnerships for affordability in every B.C. community,” budget documents say. New property listed in Westwood Plateau, Coquitlam![]()
I have listed a new property at 1535 EAGLE MOUNTAIN DR in Coquitlam.
This professionally renovated and fully refined home sits on a unique 11,000 sqft. lot atop Eagle Mountain. Over $200,000 invested on interior renovations and landscaping. Featuring a large fully fenced yard with multiple outdoor entertainment areas, hot tub, granite fire pit and strategically placed mature trees maintaining full privacy. Breathtaking from the first step, you will notice meticulous care throughout the home, including crown molding/baseboards, French doors, updated bathrooms, modernized kitchen revisions and expansion of the patio. The walkout basement is the perfect space for a growing family or mortgage helper. With the Coquitlam Crunch at your doorstep, golf courses and schools only blocks away, your family will love this secluded large greenbelt lot.
I have sold a property at 3349 LESTON AVE in Coquitlam
I have sold a property at 3349 LESTON AVE in Coquitlam.
Impressive family home in lower Burke Mountain. You will love the bright open floor plan with it's welcoming foyer, soaring ceilings, spacious rooms, high end millwork & custom features - stone wall, crown moulding, wainscoting & beautiful window casings. Huge living room - linear fireplace with built ins, trayed ceiling & access to covered south facing balcony. Large kitchen - huge island with breakfast bar, stainless appliances including gas cooktop, open to the dining room with its view of the backyard, feature wall, ceiling beams & access to the covered deck. Den & laundry round out the main. Up are 4 bdrms; enormous master - fireplace, walk in closet & luxurious ensuite - walk in shower & soaker tub. Down - self contained suite, gym & storage. Low maintenance backyard with huge deck.
I have sold a property at 105 ELEMENTARY RD in Anmore
I have sold a property at 105 ELEMENTARY RD in Anmore.
This pristine property is the reason to move to Anmore! It pays homage to the bygone days; over 4 acres, rural setting, tons of privacy, tranquility & beautifully treed w/Mossom Creek meandering through. Impressive log home has beautiful hardwood floors, vaulted ceilings, soaring rock fireplace & large master suite with 4 piece ensuite, walk-in closet & martini deck. Spacious main; country kitchen, living room, dining room, den & flex area. Walk out basement has a great room, rec room, extra bedroom & plenty of storage. Enjoy your estate from the wrap around veranda & huge partially covered sundeck. Zoning could allow for 2nd home on the property without subdivision. Country living minutes to shopping & recreation. opportunity to purchase an additional 3 acres along the north property line
I have sold a property at 1729 WARWICK AVE in Port Coquitlam
Posted on
May 13, 2021
by
Fabrizio Zenone
![]()
I have sold a property at 1729 WARWICK AVE in Port Coquitlam.
Owners take pride throughout this BEAUTIFULLY maintained and TASTEFULLY REMODELED, 4 bedroom basement home on quiet fully fenced 5409sqft lot in DESIREABLE location, close to all. Bright and open layout enjoys CHEF'S GOURMET KITCHEN opening to large family dining room, spacious living room, 3 large bedrooms with ENSUITE off master and 5 piece main bathroom. Large rec room, 4th bedroom, flex room and 3 piece bathroom complete this lower level. Newer roof, furnace, bathrooms, deck, extra wide concrete driveway, windows and kitchen are just a few of the many many fine features found. Looking for a great neighbourhood? Where kids play on the street? You have found it! To view is to buy, to show is to sell.
People are panic buying homes as prices skyrocket around the worldIt wasn't long ago that real estate experts were bracing for the worst.The coronavirus pandemic had sent large parts of the world into lockdown, shuttering businesses, costing tens of millions of workers their jobs and putting the housing market into a deep freeze. The number of people asking lenders for more time on their mortgage payments surged as the global recession hit.
"This time last year we thought it was going to be 2008 all over again," said Kate Everett-Allen, the head of international residential research at real estate consultancy Knight Frank.
The fear was that house prices would collapse, as they reliably had done in past economic downturns. An increase in bankruptcies and unemployment would squeeze disposable incomes and make it difficult for highly indebted homeowners to keep up with their mortgages.
Those fortunate enough to own second homes would be forced to sell to build up cash reserves, putting even more downward pressure on prices.
"Actually, none of that happened," added Everett-Allen.
Instead, house prices soared even as the world suffered its worst slump since the Great Depression. From New Zealand to the United States, Germany, China and Peru, the same phenomenon has taken hold: home prices are skyrocketing, and many buyers are panicking.
Among the 37 wealthy countries that make up the Organization for Economic Cooperation and Development (OECD), real house prices rose by almost 7% between the fourth quarter of 2019 and the fourth quarter of 2020 — the fastest year-on-year growth in the past two decades.
So is this a bubble about to burst? No, according to Everett-Allen. Borrowing remains cheap and, once borders reopen, foreign investors will provide even further impetus to property markets, where purchasing activity has been largely driven by domestic buyers, she said.
"That will play out over the course of the rest of this year and next, and then there might be something of a lull," she added.
The Covid effectIn an unexpected twist, the pandemic has benefited house prices.
That's because governments around the world helped homeowners by temporarily banning repossessions and providing trillions of dollars of support for workers and businesses. Interest rate cuts kept mortgage repayments affordable in many places, while temporary reductions to purchase taxes in some markets spurred home buying.
These measures cushioned the housing market from the coronavirus recession. But the pandemic itself has actually turbocharged prices.
"If you lock up the vast majority of the population for months, they [rapidly reassess] what they want from their homes," said Richard Donnell, research director at UK property platform Zoopla.
As people were forced to transform houses into offices and classrooms, it didn't take long for a "race for space" to take hold.
Wealthier individuals in several countries have fled cities for larger suburban homes with more outdoor space in the anticipation that they won't need to commute into central offices as much even after the pandemic ends.
Many of them are financially in a better position than they were before the pandemic hit, since they've spent less on vacations and eating out, and can therefore spend more on house purchases.
For example, in the United Kingdom, commuter towns within easy reach of London, such as Bishop's Stortford and Winchester, have seen property values surge.
"Anything with a home office within an hour train ride of London is going for 10% above market value," according to Daniel Harrington, international head of growth at upmarket estate agent Fine & Country.
![]() New housing north of Winchester, England. UK house prices surged 8.5% in 2020, the fastest annual growth rate since 2014.
One trend Harrington has observed in capitals such as London and Paris sees wealthy executives trading their centrally located houses for something bigger but cheaper further out of the city, leaving them with enough cash to buy a small apartment downtown and a holiday home elsewhere.
That's heightened domestic demand for property in places such as the French Riviera, which is traditionally dominated by foreign buyers.
In the seaside resort town of Ilfracombe in southwest England, Lee Hussell, the director of estate agency Webbers, has sold two properties in recent months for £100,000 ($139,000) above the asking prices.
"In 38 years of buying and selling homes I haven't witnessed a market like it," commented Henry Pryor, a UK buying agent. "There have been stories of buyers paying £10,000 ($14,100) plus just to be able to view a property."
With inventory levels in the United Kingdom some 30% below the norm, people are "panic-buying properties," Pryor added. Transactions have been tracking above average every month since November, with March notching 180,000 sales, almost double the average for the same month over the past 20 years.
"Twelve months ago, people were panic buying toilet paper for fear they might run out. That's very much the sensation we have today [in the housing market]," he said.
House prices in Britain surged 8.5% in 2020 despite the worst recession in more than three centuries. That's the highest annual growth rate since 2014, according to the Office for National Statistics.
And it's not just the United Kingdom. In the United States, the number of sales of existing homes reached the highest level in 2020 since 2006, according to the National Association of Realtors.
House prices rose 9% in 2020 and have continued to climb, with the median price of an existing home hitting a historic high of $329,100 in March.
In one staggering example of how frenzied the market has become, realtor Ellen Coleman received 76 all-cash offers on a $275,000 fixer-upper in suburban Washington D.C. within three days of listing the property. The four-bedroom, 1,800 square-foot home sold for $460,000, a 70% increase on the asking price.
From Auckland to Shanghai, Munich and Miami, house prices appear to be defying gravity.
In Germany, properties are selling within two weeks of being listed and brokers are struggling to secure listings, according to Michael Heming, master licensee for Fine & Country in Germany, Austria and Switzerland. "It's a very strong market and prices are going higher and higher," Heming told CNN Business.
![]() Cascais, Portugal. Prices in the country jumped 6% in the fourth quarter of 2020 compared to the prior year, according to Knight Frank.
In Portugal, foreigners have been snapping up houses despite not being able to view the properties they're buying. Prices there jumped 6% in the fourth quarter of 2020 compared with the same period a year earlier, according to Knight Frank data.
Despite having no visitors from traditionally strong buyer markets, such as Brazil, Britain, France and Belgium, the first three months of 2021 has already broken sales records, according to Charles Roberts, Fine & Country Portugal's managing partner. "We have sold quite a lot of that blind," Roberts said, adding that foreign buyers want fresh air, open space and a picturesque bolthole to escape to for the next pandemic. "When travel opens up, I think we're in for three months of pandemonium."
He recently sold an apartment in coastal Cascais, just west of Lisbon, for €3.5 million ($4.2 million) to a South African who has never visited the town.
In India, prices have declined following a 6.9% slump in GDP last year, but transactions surged following the end of the first lockdown.
"Covid led to activity coming back into the market," said Hitesh Oberoi, the CEO of Info Edge, which owns India's largest property portal, 99acres.com. "A lot of people want bigger homes," he added. "Many people felt that because the economy was tanking they would get good deals."
Oberoi said that falling interest rates and lower duties on transactions in some parts of the country have also helped, but that the market is slowing down once again as India battles a devastating second wave of the virus.
Governments move to cool marketsIn several countries, governments are already looking at ways to prevent their housing markets from overheating.
In New Zealand — where median prices for residential property increased by more than 24% over the year to March to a record high — the government is under pressure to stabilize the market, according to Wendy Alexander, the acting CEO of the Real Estate Institute of New Zealand.
In March, the government announced a string of measures that they hope will "cool demand from investors" and slow the pace of price growth, Alexander said. For example, tax loopholes have been tightened and ministers are considering clamping down on interest-only loans to speculators.
![]() Houses in Auckland, New Zealand.
In China, where house prices in "tier-1 cities" including Beijing, Shenzhen, Shanghai and Guangzhou rose by 12% on average year-on-year in March, "Beijing is more determined than ever to rein in property leverage," analysts at Societe Generale said in a note last week.
"Over 30 cities, accounting for one-fifth of national sales in 2019, have rolled out major tightening measures," said Michelle Lam, Societe Generale's greater China economist.
"These include buying and selling restrictions, credit restrictions, increasing the holding period for tax exemptions and fixing loopholes via fake divorces," she added. In the past, some couples have filed for divorce to get around caps that limit property ownership for families.
![]() Residential buildings under construction in Shenzhen, China.
But even with greater curbs in place, Societe Generale analysts expect the correction in house prices in China to be modest given that lending conditions will remain favorable and because of sound demand for urban property, limited supply in top-tier cities and persistent interest in property investment.
Banking regulators elsewhere could also tighten mortgage lending rules in order to cool markets, according to Matthias Holzhey, head of Swiss real estate investments at UBS, who points to regulation more broadly as a possible threat to house price growth.
For example, policymakers could increase taxes on land and transactions, particularly as governments seek to repair public finances following the pandemic.
Why the boom is unlikely to bustBut even as governments train their sights on the housing market, analysts are not predicting a house price correction.
Global economic growth is projected to be much stronger this year, as vaccines are rolled out and lockdown restrictions ease, which will be supportive of housing markets.
Crucially, interest rates are expected to remain low. "Historically, periods of weak house prices have been triggered by rising interest rates," said Holzhey.
Rock bottom rates have been a key driver of prices, particularly in the United States and Europe, because they make borrowing more affordable. Mortgage rates across the 19 countries that use the euro averaged just 1.3% in March, according to official statistics.
Even with inflation edging higher, policymakers are expected to keep interest rates low to secure the recovery. They may have to change tack if prices keep rising and hold steady at higher levels, but major central bankers have been at pains to stress they're comfortable to let their economies run hotter than normal if it will help juice growth and create jobs.
"Mortgage rates will remain structurally low and supportive of market growth for the next couple of years," said Adam Challis, Jones Lang LaSalle's executive director for research and strategy across Europe, the Middle East and Africa.
In other words, don't expect this boom to bust any time soon.
New property listed in Westwood Plateau, Coquitlam![]()
I have listed a new property at 34 1486 JOHNSON ST in Coquitlam.
Bright end unit townhome in Stoney Creek. Sitting at the base of Westwood Plateau, this complex is well maintained & close to everything. You will love this private end unit with its panoramic views & generous outdoor space with decks & patios for you to relax. 4 bedroom home has a living room with a wall of windows to enjoy the views & floor to ceiling rock fireplace, galley kitchen with adjacent dining room that has your deck access with southern exposure. Up are 3 good sized bedrooms including the master with walk-in closet and ensuite. Down is a family room that opens to the patio and yard, an extra bedroom, den and laundry. Home has A/C, EV charger in garage & a fresh designer paint palette incl doors & mouldings. Close to schools & shopping, only steps to the trails of Ridge Park.
New property listed in Anmore, Port Moody![]()
I have listed a new property at 105 ELEMENTARY RD in Anmore.
This pristine property is the reason to move to Anmore! It pays homage to the bygone days; over 4 acres, rural setting, tons of privacy, tranquility & beautifully treed w/Mossom Creek meandering through. Impressive log home has beautiful hardwood floors, vaulted ceilings, soaring rock fireplace & large master suite with 4 piece ensuite, walk-in closet & martini deck. Spacious main; country kitchen, living room, dining room, den & flex area. Walk out basement has a great room, rec room, extra bedroom & plenty of storage. Enjoy your estate from the wrap around veranda & huge partially covered sundeck. Zoning could allow for 2nd home on the property without subdivision. Country living minutes to shopping & recreation. opportunity to purchase an additional 3 acres along the north property line
I have sold a property at 569 PRAIRIE AVE in Port Coquitlam![]()
I have sold a property at 569 PRAIRIE AVE in Port Coquitlam.
This stunning, 5900 square foot home is just 6 years young and boasts panoramic views of the Rocky Mountains and hills. This home was built for entertainment. Tons of outdoor space including 3 separate decks and over half an acre of landscaped and full fenced yard space. Features include modern/contemporary finishes, 2 offices, gym and steam shower, 3 master bedrooms including a master on the main with its own laundry space, bar and entertainment space, a workshop for your next big car project and a 1 bedroom walk out basement suite. Enjoy the tranquility of the farm life with unobstructed views and privacy with all the benefits and convenience of living in the city. Just a 3 minute drive to all amenities including grocery shopping, gas station, banks, pet store, starbucks etc.
New property listed in Burke Mountain, Coquitlam![]()
I have listed a new property at 3349 LESTON AVE in Coquitlam.
Impressive family home in lower Burke Mountain. You will love the bright open floor plan with it's welcoming foyer, soaring ceilings, spacious rooms, high end millwork & custom features - stone wall, crown moulding, wainscoting & beautiful window casings. Huge living room - linear fireplace with built ins, trayed ceiling & access to covered south facing balcony. Large kitchen - huge island with breakfast bar, stainless appliances including gas cooktop, open to the dining room with its view of the backyard, feature wall, ceiling beams & access to the covered deck. Den & laundry round out the main. Up are 4 bdrms; enormous master - fireplace, walk in closet & luxurious ensuite - walk in shower & soaker tub. Down - self contained suite, gym & storage. Low maintenance backyard with huge deck.
New property listed in Parkcrest, Burnaby North![]()
I have listed a new property at 5419 HEATHDALE CRT in Burnaby.
One of the best neighbourhoods in North Burnaby! Personalize this unique family home with your own creativity. You will love the quiet cul-de-sac and the beautifully landscaped gardens of this property. 3 level split home has a vast south facing deck over the carport & spectacular North Shore mountain views from the master bedroom. Main floor has huge living room with floor to ceiling rock fireplace & generous windows; adjacent dining room w/ sliders to the patio & large kitchen. Up are 3 bedrooms, deck access, 2 bathrooms including master ensuite & that amazing view! Down is the family room w/ fireplace and sliders to the covered patio, bathroom, workshop & laundry. The terraced backyard has a lawn area, veg garden and plenty of patios for your family to enjoy their private oasis.
New property listed in Harbour Place, Coquitlam![]()
I have listed a new property at 1991 CUSTER CRT in Coquitlam.
Great location for this updated family home! Situated in a cul-de-sac, in the desired Harbour Chines neighbourhood, steps away from Como Lake Village, Mundy Park & transit. Elementary, middle & high schools - minutes away. Split entry 4 bedroom home features an updated kitchen with maple shaker style cabinets, matte finish granite counters, stainless steel appliances & an eating area, living room with a country style brick fireplace & large dining room with access to the deck. 3 bedrooms on the main; master with 3 piece ensuite and walk in closet, the main bath is brand new. Lower level has a 1 bedroom suite (not currently tenanted) with separate entry. Shared laundry. Carport enclosed with insulated doors. Roof redone - 1 yr. ago. Large private yard has a secluded patio and mature trees.
I have sold a property at 501 258 NELSON'S CRT in New Westminster![]()
I have sold a property at 501 258 NELSON'S CRT in New Westminster.
Welcome to THE COLUMBIA by WESGROUP in the heart of New Westminster's BREWERY DISTRICT (an established walk-to-everything community located on rapid transit). This BRAND NEW 1 bedroom is bright, spacious and offers views of the mountains and river beyond. Finishes include quartz counter tops, laminate flooring throughout, Kohler faucets & quality Kitchen Aid appliances-gas convention range. Incredible value for a never been occupied home with GST paid by the Seller. Includes parking and storage. Also included is access to the Brewery District's famed 10,000+ sq.ft. private amenity gym and club.
I have sold a property at 469 CARIBOO CRES in Coquitlam
I have sold a property at 469 CARIBOO CRES in Coquitlam.
Stunning family home with so many updates! Lots of windows to enjoy the expansive views of Mount Baker, Golden Ears & Port Mann bridge! You will love to entertain in this gourmet kitchen and on the huge covered deck. Industrial gas stove with pot filler, granite counters & breakfast bar, stainless steel appliances & adjacent dining & family room w/ fireplace. Separate living room, office, powder room & huge laundry round out the main. Master suite with 2 closets & huge ensuite with a free standing soaker tub, walk in shower & heated floors. 2 more bedrooms and large bath. Self contained 2 bedroom suite with separate entry & walk out patio. Private patio with hot tub, this home has it all! See our feature sheet for all the details.
I have sold a property at 41 1486 JOHNSON ST in Coquitlam
I have sold a property at 41 1486 JOHNSON ST in Coquitlam.
Desirable end unit Stoney Creek town home nestled at the base of Westwood Plateau. This spacious home has hardwood flooring, crown moulding and a designer paint palette. Main floor with living, dining, powder rm & kitchen with sliders to the private patio that backs on to the green belt. Up are 3 good sized bedrooms and 2 bathrooms; master with walk in closet and 3 piece ensuite incl a huge walk in shower. Downstairs is a rec room that can be used as a media room, gym or a hang out for the kids. Southern views of city and mountains. You are only steps to the hiking trails of Ridge Park and Panorama Ridge elementary. Close to shopping and all levels of schools.
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Albion, Maple Ridge Real Estate
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