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James Garbutt

#33 – 245 Francis Way, New Westminster (Glenbrooke-Victoria Hill)

Glenbrooke- Victoria Hill.  Outstanding 1724ft² 3 bed, 2.5 bath END UNIT Townhome is privately situated at the back of the complex. Gorgeous River & Mountain views. Impressive home features high ceilings on the main, hardwood & laminate floors, beautiful kitchen cabinets, granite counters, stainless steel appliances, upgrade laundry, blinds & new carpet. 3 decks, backyard, spacious master bedroom with large walk-in closet+luxurious ensuite, 2 car tandem garage + Bonus Media Room. full Rainscreen, remainder of 5-10 yr. warranty. Low maintenance fees including outstanding Amenities at the Boiler House: Exercise Centre, Theatre Room, Study Area, Basketball Court, Lounge w/pool table. Excellent location. near Queens Parks, shopping, & transportation.

For complete listing click here.

MLS Feature Sheet 33 245 Francis Way

Censorio presents Elliot Street. An exciting Condo Tower in New West.

THE BEST VALUE IN METRO VANCOUVER STARTING FROM $159,900*!
Elliot Street is the most attainable concrete product in the Lower Mainland. 130 new homes in New Westminster.

LOCATION LOCATION LOCATION, Just 5-minutes from the SkyTrain, Elliot Street provides easy access to:

  • Downtown Vancouver – 26 minutes. A total of 31 minutes from your door.
  • Metrotown – 11 minutes
  • SFU Campus – 7 minutes
  • Green Space! Elliot overlooks a gorgeous 4.5acre park established in 1876.
  • Water views of Fraser River, North Shore mountains and skyline
  • Walk to Douglas College – 12 minutes
  • Proximity to all the amenities you need. Just 3-minutes to Starbucks!

Elliot Street
Censorio
Information Package
Floor Plans

Hyack RiverFest Sept 28-29th 2012.

Looking for a great family fun event with free music? Check out RiverFest 2012 put on by the Hyack Festival Assosciation.  With great tunes, food, activities, and (fingers crossed) some warm sunshine, this is an event not to be missed!

Celebrate Rivers Day along BC’s longest and most magnificent river – the Fraser River. On Friday, September 28 and Saturday, September 29, we will celebrate BC and World Rivers Day with a festival that honours the Fraser River, the province’s most magnificent river, and its many tributaries. The festival includes live music, dramatic performances and participatory art activities. Main Stage performances will be headlined by Andrew Allen – one of BC’s hottest emerging talents. He has scored two Top 10 hits in Canada, 2009’s “I Wanna Be Your Christmas” and 2010’s single “Loving You Tonight,” which was lodged in the upper reaches of the singles chart for weeks.  BC Rivers Day is a province-wide event, which gives the public an opportunity to celebrate this province’s spectacular river heritage, from city streams to wilderness whitewater. Held every year on the last weekend in September, events throughout the province attract over 75,000 people in more than 100 communities. The success of this event has recently led to the establishment of World Rivers Day, which coincides with BC Rivers Day and takes place in a number of different countries.

Stellar lineup announced for RiverFest:
11:00am Chris Hamilton
11:40am Ronald McDonald Magic Show
12:00pm Lester Quitzau
1:00pm Catlow
2:00pm The Matinee
3:00pm The Washboard Union
3:50pm Workboat Parade on the Fraser
4:10pm Headwater
5:00pm Andrew Allen

Full Line-up
RiverFest 2012

SPCA Paws for a Cause!

On Sept 9th James, Rosa, Steve (Rosa’s Husband), and Reese (James’ Dog) all participated in the Port Coquitlam/Coquitlam Paws for a Cause at Lafarge Lake. We had a wonderful time meeting lots of other animal owners and all the furry creatures that came along!  We raised over $500 to support the SPCA in making animals’ lives better and to find them loving forever homes.  Next year our goal will be $1000!! Thanks to all of you who supported us with donations!


James, Reese, Steve, & Rosa at the SPCA Paws for a Cause Port Coquitlam/Coquitlam.

 

New Developments in New Westminster.

New Westminster is becoming a bustling city centre for those looking for modern Vancouver convenience with a historic Victorian feel…and here are some great new developments that are coming up.

Downtown:
 BrickStone Walk Two: Townhomes from $189,900 to $449,900.  Nu-Gen Projects Ltd. introduces BrickStone Walk 2, a fresh Townhome concept in New Westminster. With 5,000 sq.ft. of beautifully landscaped courtyard and the convenience of  city living surrounded by a serene suburban feel. The Townhomes combine the rich heritage of the Royal City with the modern convenience you want in your home.

NorthBank: Ballenas Project Management brings modern Condo & Townhomes starting at $261,900.  Along the riverfront in the geographic centre of Metro Vancouver is New Westminster – a progressive city packed with urban conveniences and touches of Victorian charm. Standing proud on the terraced hilltop gives every Northbank home long, significant views – from the tranquil Fraser River to the distant snow-capped mountain ranges.

Trapp + Holbrook: 100 Condos under $299,900. One of the tallest buildings on Columbia Street during the Edwardian Era, the Trapp block formerly housed a warehouse and offices. Additions in 1913 offered a striking new facade with unique windows and handsome terra cotta tiles. The adjacent Holbrook building, a hotel and saloon, was constructed in the 1880s and rebuilt in brick, after the great fire of 1898. Today, the Trapp and Holbrook blocks remain as much of a landmark in the fabric of New Westminster’s historic district today as they did over 100 years ago. The historic Downtown district is evolving with the transformation of the Trapp and Holbrook blocks. This is the next great urban opportunity.

Elliot Street: Elliot Street is the most attainable concrete product in the Lower Mainland. With the Best Value in Metro Vancouver starting at just $159,900! Elliot Street Blog Post.

The Dominion: Ledingham McAllister is proud to introduce Dominion, our latest collection of residences coming soon to 6th and Royal in New Westminster.  Ledingham McAllister continues its tradition of building the lower mainland.

New Westminster Civic Centre: The civic centre will include a 350-seat theatre with flexible seating to accommodate a variety of productions, conference/ meeting space, art studios, an art gallery, tourist information centre, The City Museum & Archives, and The Canadian Lacrosse Hall of Fame.

Uptown and Fraiserview:
The Viceroy: Viceroy Condos is a new condo and townhouse project by Bosa Properties Inc. and BlueSky Properties currently under construction at Belmont St in New Westminster. The project is scheduled for completion in 2014. Available condos/townhouses range in price from $289,900 to over $563,900. The project has a total of 188 units.

Victoria Hill: Victoria Hill is New Westminster’s most exclusive new community.  A blend of distinctive yet cohesive neighbourhoods including landmark towers, townhomes, low-rise residences, and communal shops & services. A private paradise for a privileged few.
This master planned community includes The Grove, Whittaker, Parkside, Carlyle, Glenbrooke, Victoria Hill Lowrises,  Victoria Hill Luxury Highrise Residences, and Future Phases as well.

As always if you have any questions about the New Developments or New Westminster Real Estate give us a call!

Mandatory Strata Property Depreciation Reports

New regulations introduced last December by the provincial government are aimed at giving an added layer of confidence to buyers considering a purchase in the strata market. It is now mandatory for all strata properties in B.C. greater than 4 units to have a common property depreciation report completed by December 13, 2013. These depreciation reports are to be used to establish long term planning for common property and assets to determine the following aspects of a strata property:

  • The assets owned by the strata corporation
  • The condition of those assets
  • When assets need replacing
  • How much money the strata corporation currently has (the contingency reserve)
  • What the replacement cost is likely to be
  • The payment plan (three cash flow models projecting 30 year replacement periods)

The regulations also set out the necessary qualifications of persons providing the reports, a schedule of updates, disclosure of reports and financial planning to accomplish the necessary results. A Strata may defer a depreciation report by passing a ¾ majority vote to that effect every 18 months.

There are changes in store as well to the Form B, Information Certificate for specific disclosure of parking stall and storage locker designation and allocation effective January 1, 2014.

The Executive Director of the Condominium Home Owners Association of B.C., Tony Gioventu, says it’s a positive development for the strata community. “These reports will change how people buy and sell a strata lot, and how people qualify for a mortgage. Buyers will now be able to ask for copies of the depreciation report so they know up front what they are buying into. Mortgage brokers will also want to assess risk when determining eligibility for financing.”

This is the kind of good news your prospective buyers are eager to learn from you as their professional REALTOR®. Watch for educational events being held around town by various Divisions of the Real Estate Board of Greater Vancouver. And check out the latest updates on the CHOA website at www.choa.bc.ca as well as the Status of Changes to the Strata Property Act and Regulations here.

Your Community: Queens Park, New Westminster.

The Queens Park neighbourhood in New Westminster is a quiet historical area with lots of greenspace and close to shops, schools, and parks.

Queens Park: This Park is one of the oldest in BC with great amenities and sports facilities this is a great area to live in especially for families. For more info on the history of Queens Park and its great facilities Click Here.

6th St: At the corner of 6th Ave and 6th St is a bustling core full of great shops, restaurants, cafes, and the New Westminster Public Library.
New Westminster Public Library

Walkscore neighbourhood

Royal City Centre 

Yelp Restaurants & Shops

Queens Park Meat Market : This little butchers shop has been at the corner of 4th Ave & 2nd St for 94 years and its patrons always have excellent reviews for Peter and his shop.  Queens Park Meat Market on Yelp.

Market Update:
11 Listed
Average list price: $1,162,000
Lowest list price: $785,000
Highest list price: $1,195,000 for 8 Bed/5 Bath 5,600 ft² 122 year old home.

21 Sales
Average sale: $1,162,000
Lowest sale: $560,000
Highest sale: $1,190,000 for 4 Bed/3 Bath 3,872  ft² 76 year old home.

 

Aug 2012 New Westminster Market Update.


New Westminster Market Update for August 2012.

Stats are taken from the MLS on September 5, 2012 and are based on MLS sales only.

Condos:
405 Active Listings
33 Sold:  Avg. Sale- $322,900, Avg. Days on Market- 51
Highest Sale: $708,000 Penthouse at ‘Azure’at Plaza 88′

Townhomes:
46 Active Listings
5 Sold:  Avg. Sale- $526,500, Avg. Days on Market- 30
Highest Sale: $612,500 in ‘Glenbrooke at Victoria Hill’

Homes:
109 Active Listings
9 Sold: Avg. Sale- $760,700, Avg. Days on Market- 52
Highest Sale: $1,149,000 for Family Home built in 1940.

 

Home sellers continue to outnumber buyers in Greater Vancouver’s summer housing market

Wednesday, September 5, 2012
VANCOUVER, BC – Home sale activity remained below long-term averages in the Greater Vancouver housing market in August.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,649 in August, a 30.7 per cent decline compared to the 2,378 sales in August 2011 and a 21.4 per cent decline compared to the 2,098 sales in July 2012.

August sales were the second lowest total for the month in the region since 1998 and 39.2 per cent below the 10-year August sales average of 2,711.

“Home sales this summer have been lower than we’ve seen for most of the past ten years, yet we continue to see relative stability when it comes to prices,” Eugen Klein, REBGV president said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,044 in August. This represents a 13.7 per cent decline compared to August 2011 when 4,685 properties were listed for sale on the MLS® and a 15.8 per cent decline compared to the 4,802 new listings in July 2012.

“For sellers it’s critical to work with your REALTOR® to understand today’s market and to develop the best strategy for selling your home,” Klein said. “On average it’s taking about two months for a home to sell on the MLS® in Greater Vancouver today.”

At 17,567, the total number of residential property listings on the MLS® increased 13.8 per cent from this time last year and declined 2.8 per cent compared to July 2012.

“Today, our sales-to-active-listings ratio sits at 9 per cent, which puts us in a buyer’s market. This ratio has been declining in our market since March when it was 19 per cent,” Klein said.

The MLSLink® Housing Price Index (HPI) composite benchmark price for all residential properties in Greater Vancouver is $609,500. This represents a decline of 0.5% compared to this time last year and a decline of 1.1% compared to last month.

Sales of detached properties on the MLS® in August 2012 reached 624, a decrease of 38.8 per cent from the 1,020 detached sales recorded in August 2011, and a 30.1 per cent decrease from the 893 units sold in August 2010. The benchmark price for detached properties increased 0.2 per cent from August 2011 to $942,100.

Sales of apartment properties reached 725 in August 2012, a 24.1 per cent decrease compared to the 955 sales in August 2011, and a decrease of 22.5 per cent compared to the 935 sales in August 2010. The benchmark price of an apartment property decreased 0.9 per cent from August 2011 to $370,100.

Attached property sales in August 2012 totalled 300, a 25.6 per cent decrease compared to the 403 sales in August 2011, and a 19.8 per cent decrease from the 374 attached properties sold in August 2010. The benchmark price of an attached unit decreased 1.9 per cent between August 2011 and 2012 to $462,300.

The real estate industry is a key economic driver in British Columbia. In 2011, 32,390 homes changed ownership in the Board’s area, generating $1.36 billion in spin-off activity and 9,069 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $25 billion in 2011. The Real Estate Board of Greater Vancouver is an association representing more than 11,000 REALTORS® and their companies. The Board provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org.

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