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

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!

GO TOREW.CA /NEWS

TO READ THESE STORIESAND MUCH MORE REAL ESTATE

NEWS AND ADVICE

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Buying a New One?

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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.”

BURNABY NEW WESTMINSTER FRIDAY, JANUARY 9, 2015info@rew.ca • 604-435-7977

•2 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY JANUARY 9, 2015

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Main Street

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Yaletown

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JUST LISTED! $688,800

RARELY AVAILABLE!!Rarely available “Oakwood” by Intracorp.1,627 sq.ft. 3-level townhome in wonder-ful Forest Glen neighbourhood. 3 bed-room w/ 2.5 baths and 2 covered parkingstalls. Marlborough Elementary andBurnaby South Secondary school catch-ments. #24 - 6539 ELGIN AVE.SHERMAN K. LEE 604-762-4598

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PEACE OF MINDPURCHASE

868 sq.ft. - 2 bed, updated & gorgeous.A well-managed building in a quiet &tree’d setting. Super nice bathroom,wood flrs, in-suite laundry, W/B fire-place, 1 pkg stall & tons of storage.Lovely! #102-1690 AUGUSTA GROVE. EVELYN SINGER 604-263-1144

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TOP FLOOR OASIS

Discovery Reach by Bosa. Topfloor unit with lots of updates.N.W. facing, open concept, park-ing, storage and more!

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UNIQUE 7 BEDROOM VIEW HOMEMODERN LUXURY - Views,lifestyle. Brand new house, quietstreet, balconies with fabulousviews, air conditioning, rental suite.2-5-10 warranty. Desirable familyneighbourhood close to parks &amenities. Don’t miss out - CALL tobe added to VIP preview list.

• 306 SALES AWARDS SINCE 1984 • REBGV LIFE MEMBER WESTCOAST

604-275-9787patsy@patsyhui.com

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152 Sales in 2014!

OUTSTANDING AGENT ... OUTSTANDING RESULTS

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

PORTUNITY to own this FULL-DAY CHILD-CARE CENTRE business & property in the most DESIRABLE LOCATION in PORT CO-QUITLAM. 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.

REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY JANUARY 9, 2015 3•

604-868-2827

• EXTENSIVE EXPERIENCE IN ESTATE SALES• EXTENSIVE EXPERIENCE IN NEW CONSTRUCTION• EXTENSIVE EXPERIENCE IN RENTAL PROPERTY• #1 REALTOR IN SOUTH DELTA* • FULL MLS SERVICE• KIOSK AT RICHMOND CENTRE

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ROBIN604-868-2844

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OPEN SAT & SUN 2-4PM963 51A STREET, TSAW.

- Gorgeous rancher with full basement- Legal 2 bedroom suite- Approx. 5200 sq.ft., triple garage- Great location, Large private west lot

OPEN SUNDAY 2-4PM#120-5518 14TH AVE, TSAW

Beautifully updated 1 bedroom condo in popular Windsor Woods. A perfect ground floor unit with oversized covered private patio that opens onto side of treed park, walkout to sidewalk from patio. Extremely quiet & private! New washer, dryer & dishwasher. New laminate flooring, mouldings & new paint. Great spacious open floor plan with large bathroom. Park on no-through street or secure underground parking. Storage unit, gas fireplace for heating, condo hot tub, sauna & large gym all included. 2 pets allowed + terrific neighbours. Next door to town centre and all amenities. You won't want to miss this one. It's a "10"! CALL 604-868-2827

$249,000

163 ENGLISH BLUFF RD

5562 SUMMER WAY 5693 9A AVENUE 4838 6TH AVENUE 5006 1A AVENUE1838 GOLF CLUB DR

4929 2A AVENUE 4949 2A AVENUE 4947 11A AVENUE517 ALLEN DRIVE

5393 WILDWOOD CRES

5171 DENNISON DR

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4960 2A AVENUE, TSAWQuiet street with sunny southern exposed yard. This gorgeous home features 4384 sq.ft., excellent floor plan, high vaulted ceilings, gourmet kitchen, beautiful great room, 6 bedrooms, den, 8 bathrooms, 1 or 2 bedroom suite with high end finishing throughout.CALL 604-868-2844

PRICE REDUCED $1,198,000

JUSTJUSTSOLDSOLD

JUST LISTED $1,649,000

Port Coquitlam604-941-3838

Coquitlam604-931-7227

Burnaby604-421-7275

New Westminster604-525-1005 www.parkgeorgia.com

Eric FriesenManaging Broker

Grace Chung Steve Chung Nicole Clark Sam Clark Steve Collyer Gail Conzatti Mauro Conzatti Ippolita Corcione Brian Craig Sandra Craig Steve Davis Luise DiPietrantonio Sheila DhillonTracey Davies

All of us at Park Georgia RealtyPark Georgia Realty would like to give a very heartfelt Thank You to

all of our Friends, Family and Clients. Wishing all of you The Best in 2015Wishing all of you The Best in 2015

Nam Angrash Aziz Askarian Sarah Askarian Shawn (Javid) Atmani Rosemary Barnes Joanne Beckler Wolfgang Beyer Winifred

Buschner Joe Caldarella Dan Callaghan Betsy Carstairs Tony Caya Eve Chiang Peter Cho

June Warkentin Elise Weatherby Scott Whitehead Nancy Williams Andy Wrzosek Winnie Yuen Ihor Zalubniak Heather JiwanDominion Lending Mortgage

Tanya AndersonDominion Lending Mortgage

Glenn Yamada Bongju Yang

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R 4 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY JANUARY 9, 2015 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY JANUARY 9, 2015 R 5

•6 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY JANUARY 9, 2015

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REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY JANUARY 9, 2015 7•

intracorp.ca

GRAND OPENINGJanuary 24th

The Black+Whites on Foster Avenue are classic, light-filled

three-storey townhomes in Burquitlam. Sophisticated and

tailored, and yet genuine, familiar and inviting. You get your

own front door, your own yard, attached parking and

renowned Intracorp scrutiny of every last detail – at a price

that you can afford. Don’t you wish all decisions in life could

be so black+white?

Visit our two fully furnished model homes on January 24th.

Sales Centre:

548 Foster Avenue Coquitlam

blackandwhites.ca

604.998.8998

3 + 4 bedroom townhomes

1230 - 1610 square feet

PRICED FROM $500,000s

Prices and sizes are approximate. E&OE. Sales and Marketing by Intracorp Realty Ltd. Intracorp Foster Avenue Limited Partnership

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604.492.0222 REGANSWALK.CAMarcon Regan Homes Ltd.

F R I D A Y , J A N U A R Y 9 , 2 0 1 5BURNABY • NEW WESTMINSTER

Looking for a newhome? Start here.

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

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 info@hudsonsloft.ca or visit

www.hudsonsloft.ca.

Tentative occupancy: February 2016.

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

THE PRICE TAG