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

GO TOREW.CA /NEWS

TO READ THESE STORIESAND MUCH MORE REAL ESTATE

NEWS AND ADVICE

Spring Market Heats Up Early as Vancouver and Fraser Valley Home Sales Soar

What You Need to Know About Getting Financing for

a Presale Home

New Columnist Michael Geller: Why Donʼt They Build Small

Houses Anymore?

Since its inception in 1985,

the Real Estate Foundation

of BC (REFBC) has dispersed

over $69 million in grants to non-

profi t and charitable organizations,

post-secondary institutions, First

Nation groups, and other entities

that demonstrate innovation and

leadership in the built environ-

ment, sustainable food systems

and freshwater management. Yet

most people have never heard of it.

REW.ca chatted with Jack Wong,

the foundation’s CEO, about how

REFBC works to create a more

sustainable future for all British

Columbians.

Q: You provided 50 grants total-Q: You provided 50 grants total-ling well over $4 million in 2014 ling well over $4 million in 2014 alone, yet you do no fundraising. alone, yet you do no fundraising. Where does the money come from?Where does the money come from?

A:A: When a property is sold any-

where in BC – whether it’s a condo,

house, mall, or a piece of industrial

land – the deposit is held in the

Realtor’s brokerage trust account

until closing. At any given point

in time, that could add up to hun-

dreds of millions of dollars just

sitting in a bank.

People often think Realtors

receive the interest on those funds,

but that was never the case. Prior

to 1985, fi nancial institutions sim-

ply kept it – free money for them.

Since REFBC was created, that

interest comes to the foundation

as our only source of income.

Q: You typically receive 150-plus Q: You typically receive 150-plus grant applications per year. How grant applications per year. How does REFBC decide which to fund?does REFBC decide which to fund?

A:A: Projects must show leader-

ship in land use stewardship and

the ability to change the way peo-

ple live. They must have longev-

ity, and they must be replicable

– meaning a model developed in

Vancouver could be used in Prince

George or Vancouver Island. There

has to be a clear need for the solu-

tion so we’re not funding research

with no long-term purpose.

Our adjudication process is

extremely proactive. We don’t

just write a cheque if there are

enough boxes checked off . We go

on the road and talk to the people

involved in every project we are

considering. It’s the only way to

gain a deep understanding of all

the issues.

Q: What are some recent exam-Q: What are some recent exam-ples of projects you’ve funded?ples of projects you’ve funded?

A: A: In 2013, we gave a $45,000

grant to Atira Women’s Resource

Society. Their vision was to build

a three-storey residence for mar-

ginalized women in Vancouver’s

Downtown Eastside out of discard-

ed shipping containers. Ultimately,

Atria House won numerous awards

and there are plans for a second,

larger residence. But more impor-

tantly, when I talked to the women

who live there, many were in tears.

One told me she would have been

dead without this opportunity.

Another is our fi ve-year com-

mitment to fund an adjunct pro-

fessorship at UBC’s Indigenous

Community Planning Program. The

grant allows graduate students

to visit First Nations

communities and expe-

rience the cultural dif-

ferences that must be

taken into account when

planning them. For non-

aboriginal students, it’s

an eye opener.

Q: What is REFBC’s Q: What is REFBC’s involvement with the involvement with the Sole Foods Farms beside Sole Foods Farms beside Concord Pacifi c’s down-Concord Pacifi c’s down-town presentation centre? town presentation centre?

A:A: This is an exciting,

truly win-win scenario.

While the developer is

waiting to build on what’s

currently a parking lot, the

City gives them a break on

property tax if they allow

Sole Foods to use it for

urban agriculture. It is a

business enterprise that

incorporates commercial

farming practices, provides

employment and a sense of

self-worth to local Downtown

Eastside residents, and not

only supplies high-end res-

taurants like Hawkesworth

but also donates produce to

local meal programs.

More information about REFBC is found at refbc.com.

Ever wondered where the interest on your home deposit goes? To a great cause, as revealed by this Q&A with Jack Wong, CEO of the Real Estate Foundation of BC

Invested Interest

BURNABY NEW WESTMINSTER FRIDAY, MARCH 13, 2015info@rew.ca • 604-435-7977

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!

•2 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY MARCH 13, 2015

B

Bus: 604-530-0231Cell: 604.802.6703

ROYAL LePAGE Wolstencroft Realty

Gurjinder K BhurjiIndependently Owned & Operated

ROYALLePAGE Wolstencroft Realty - LangleyUnit #110-19925 Willowbrook Drive, Langley, BC V2Y 1A7Independently Owned & Operated

gkbhurji@royallepage.ca www.gurjinderbhurji.com

1051 Ewson St, White RockBeautiful Three Year old home in heart of White Rock. Water and Mountain views from Main and Upper levels. High end Kitchen with Granite countertops, stainless steel appliances, Hard-wood fl ooring throughout the home. Enjoy the natural lighting throughout the Upper level. Main fl oor has master bedroom plus three other bedrooms all with ensuite washrooms, and a Den for offi ce work. Basement has two Bedroom legal suite with good rental income. Barbeque on a huge open deck with ocean views in the back. Close to Peace Arch Elementary and Earl Marriott High school. Shopping and Beach closeby. Seller will look at trade options.

NEW LISTINGAsking $1,795,000

• 306 SALES AWARDS SINCE 1984 • REBGV LIFE MEMBER WESTCOAST

604-275-9787patsy@patsyhui.com

www. .com

152 Sales in 2014!

OUTSTANDING AGENT ... OUTSTANDING RESULTS

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

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

LORIPETTIGREW

www.YourRealtyDreams.com

604-649-7040

DEXTER ASSOCIATES REALTY

ALANYASIN

QUIET 2 BEDROOM & DENSFU VIEW HOME! Unique 2 bed & den has 2

large balconies with views of mountains and trees. Shows like new with granite counter tops, s/s kitchen appliances. Versatile open layout. Solid concrete building. Gym. 1 parking. Close to SFU, transit & amenities. Call to view this amazing home!

www.dexterrealty.com

604-689-8226 Yaletown

604-336-3539 Main Street

604-263-1144 KerrisdaleTaking our

Listings Global

4536 NEVILLE ST. $1,878,000

LUXURY CUSTOM HOMEBeautiful custom home, built by experienced local builder, located in Burnaby South, right below Metrotown with gorgeous Southern view. Amazing fi nishings and top quality workmanship throughout the house. Top-of-the-line appliances; Sub-zero refrigerator, Wolf 6-burner stove, Miele dishwasher.

Go Team 604-263-1144

JUST LISTED! $299,000

UPDATED 2 BEDROOM, 2 BATHROOM CONDO

UPDATED 2 bedroom, 2 bathroom condo with NEW stainless steel appliances and counter tops in Kitchen & bathrooms, in beautiful West Coquitlam. 10 minute walk to skytrain and Lougheed Mall and nearby Vancouver Golf Club, close to all major amenities, shopping, schools & S.F.U. Perfect for the fi rst time home buyer or for those looking to downsize. MUST SEE TO APPRECIATE. SHOWS LIKE NEW! #201 - 558 ROCHESTER AVE.Simmy Sandhu 604-897-5880

507-215 TWELFTH ST $245,000

TOP FLOOR OASIS

Discovery Reach by Bosa. Top fl oor unit with lots of updates. N.W. facing, open concept, parking, storage and more!

Go Team 604-263-1144

101-215 TWELFTH ST $229,000

GARDEN OASIS

S.W. facing garden level one bedroom in Discovery Reach by BOSA. Direct street access with private, fenced patio. 2 pets allowed.

Go Team 604-263-1144

102-1690 AUGUSTA $290,000

PEACE OF MIND PURCHASE

868sq.ft. - 2 bed, updated & gorgeous. A well-managed building in a quiet & treeʼd setting. Super nice bathroom, wood fl rs, in-suite laundry, W/B fi replace, 1 pkg stall & tons of storage. Lovely! #102-1690 AUGUSTA AVE.

Evelyn Singer 604-263-1144

New Listings Direct to Your Inbox

GET YOUR FREE PROPERTY ALERTS

www.teamphilhaig.cominfo@teamphilhaig.com

Each offi ce independently owned and operated

6584 Charles StreetRenovated North Burnaby home with view of Metrotown Skyline from all windows on Southside of upper fl oor. Three spacious bedrooms up and 4 more down. Beautiful gourmet kitchen with Cherry Wood cabinets, quartz counter tops, stainless steel appliances featuring 6 burner gas stove, two convection ovens and convection micro-wave, larger fridge and Miele dishwasher. Living room has beautiful Cherry Wood fl oors and fi replace with marble surround. Fully renovated main bath with jetted soaker tub with heated back, rain shower as well as hand held shower and granite counter with undermount sink. Both kitchen and main bath have heated fl oors. Air conditioning. Fully fenced backyard with garage off back lane and gated driveway. Charles Street does not have telephone poles in the front – they are located in the lane in the back.

Burnaby $1,399,800

OpenSunday

1 - 4

REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY MARCH 13, 2015 3•

GARRY DARRED604.729.7049

Royal Pacifi c Realty

2.5 Acres Parcel in Coquitlam with stunning views.Previously approved for 11 lot subdivision.

Lots range from 7000 to 9000 sqftAsking $3,650,000 • V1101999

MORE INFO CALL:SURINDER BHANDAL 604-889-5885 OR

GURMEET (GARRY) DARRED 604-729-7049

DON FORSYTHE"You're in Safe Hands"

604-826-5733 CELL 604-607-4900

Ten Year Master Medallion MemberCommercial / Residential

Canadian 1st Realty Inc. missiondon@yahoo.com25 YEARS REAL ESTATE EXPERIENCE

ROSEDALE’S ORIGINAL GROCERY STORE51278 - 51296 YALE ROAD

ROSEDALE, B.C

Rosedaleʼs original Grocery Store 2600 Sq.Ft., includes 1 bedroom living quarters with wash-room. Huge Basement, Adjoining 600 Sq.Ft. Store has separate interior and exterior doors. Includes own washroom. Building presently being operated as Country Store, Spa, Salon and Country Diner. This is a share sale. Attached fenced lot is 39.5ʼ X 101.6. Both titles are Zoned C-2. Building is concrete block with newer roof and updated electrical. Lot is fully fenced. This is a corner property with driveways on two main roads. Still has Grocery store licence and may qualify for B.C.ʼs new Liquor laws. Price has been reduced by $105,000 to only $445,000.This is an exceptional opportunity. Information Package available on open house viewing.

Hosted by Don Forsythe, Canadian 1st Realty Inc. 604.607.4900

Reduced By $105,000

Originally $550,000

Now Only $445,000

R d l ʼ i i i h h

OPEN HOUSEOPEN HOUSEDAILY 1-3 P.M. until SOLDDAILY 1-3 P.M. until SOLD

SATURDAYS & SUNDAYS 1-4 P.M.SATURDAYS & SUNDAYS 1-4 P.M.

New Listings Direct to Your Inbox

GET YOUR FREE PROPERTY ALERTS

•4 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY MARCH 13, 2015

* See sales rep for details. Prices and incentives subject to change and do not include taxes.

ONEMINUTE TO EVERY WHERE

• South Point Exchange Mall• Clancy’s, Cobs & Keso’s• Access to Vancouver & USA• Bus Transit to Lower Mainland• Parks, Paths & Green Spaces• Communal Garden & BBQs• Owners’ Lounge, Gym & Patio

LUXURY CONDOMINIUMS LOCATED IN THE HEART OF SOUTH SURREY WITHIN WALKING DISTANCE TO EVERYTHING YOU WILL EVER NEED OR WANT.

HOMES FROM

$240,9005% DOWN PAYMENT

KING GEORGE BLVD

HIGHW

AY 99

32 Ave

148 St

152 St

COME IN TO BOOK A SITE TOURSales Centre Open Daily12 to 5 pm (Except Fridays)

South Point Exchange MallAcross From Save-On-Foods3041 152nd Street, Surrey, BC

604.560.3238 SouthPointWalk.ca

GST I

NCLUD

ED*

MOVE I

N TOD

AY

REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY MARCH 13, 2015 5•

N

MAKE IT YOUR HOME. MAKE IT YOUR COMMUNITY.

SALES CENTRE OPENING SOONWATCH OUR WEBSITE FOR MID-MARCH GRAND OPENING DATE

MurrayvilleHouse.com

SALES CENTRE 220-230 22196 50TH AVE, LANGLEY

Tranquil and beautifully landscaped, Murrayville House exudes a welcoming ambiance. Pride of ownership comes naturally here. The boutique collection of 92 one and two bedroom homes, many with dens, feature large balconies and patios that extend your living and entertaining space outdoors. A central courtyard with tranquil seating areas and private walkways evoke a sense of community. Make it your home.

Renderings, illustrations, floor plans and square footages are approximate and may differ from final product. The Developer reserves the right in its discretion to make changes to the floor plans, project design, appliances, specification and features. This is not an offering for sale, such offering can only be made with a Developer Disclosure Statement. E.&O.E.

MARKETED BYHOMELIFE GLENAYRE REALTY LTD.

DEVELOPED BY FOLLOW USMurrayvilleHouse

MurrayvilleHouse.comREGISTER ONLINE FOR MORE INFO

REGISTER

ONLINE TODAY!

FOR MORE INFO

•6 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY MARCH 13, 2015

Open House Fri-Sun 11-4 Phone: 604-745-4104

Whether you are buying or renting it isalways fun in the Sunny Fraser Valley.

www.discoverbridalfalls.com *Net of Rebates.

STARTING FROM $179,950*

REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY MARCH 13, 2015 7•

REGISTER NOW

OPEN SPRING 2015

DISTINCTIVE DESIGN. 1,2,3 LEVEL HOMES WITH YOUR OWN STREET LEVEL ENTRY

A rare find in sunny Tsawwassen, CityHomes offer the perfect blend of condo and townhome living.

Private entries mean no communal hallways. The variety of spacious open floor plans offers plenty

of choice. Secure underground parking and low maintenance complete the lock-and-go lifestyle.

1708–55A STREET AT 18 AVENUE, TSAWWASSEN

CITYHOMESNORTHGATE.CA | 604.948.2345

•8 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY MARCH 13, 2015

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REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY MARCH 13, 2015 9•

•10 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY MARCH 13, 2015

IT STARTS WITH VISION. REMEMBER YALETOWN’STRANSFORMATION?

REGISTER TODAY

TOWN CENTRE HOMESCOMING SPRING 2015

YVR

RICHMOND

BOUNDARYAND MARINE

FRASERRIVER

MARINEAND CAMBIE

INCLUDING GROCERY, BANK, CAFE AND RESTAURANT

This is not an offering for sale. One can only be made by way of a disclosure statement. E.&O.E.

VANCOUVER’S

LASTWATERFRONTNEIGHBOURHOOD

YALETOWNTHEN

YALETOWNNOW

When Yaletown began it was just a few residential towers. Imagine if Urban Fare and Starbucks were there from the start. River District Town Centre will launch as a complete neighbourhood, with retail, restaurant, residences, parks and playgrounds. Now is your chance to become part of this new neighbourhood—built from the ground up on the last section of Vancouver’s waterfront.

REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY MARCH 13, 2015 11•

censorio.com

BUILT WITH A HEART FOR THENEIGHBOURHOOD

CONDOMINIUM HOMES IN BURNABY HEIGHTS

8 Exclusive homes in the heart of one of the best neighbourhoods in BC, Burnaby Heights. These large, liveable homes are modern but have a heart for old world tradition. Experience beauty in craftsmanship by a developer who’s invested in making the Heights truly special.

OFFERED BY APPOINTMENT ONLY4721 HASTINGS STREET, BURNABY, BCPLEASE CALL FOR PRICING

OFFERED BY APPOINTMENT ONLY188 AGNES STREET, NEW WESTMINSTER, BC1 BEDROOMS STARTING AT $244,9002 BEDROOMS STARTING AT $384,900TOWNHOMES FROM $499,900

CENSORIO PROUDLY INTRODUCES

HIGH-RISE LIVING IN NEW WESTMINSTER

If you’re interested in New West, and you like the connectivity this community has to offer, then get out of the traffic and into a real neighbourhood. At Elliot Street, you live right on the park on a quiet street yet you’re only steps away from transit and the city centre. We’re under construction but it’s your last chance to buy at pre-construction prices.

FOR INFORMATION CALL 604.662.8009 (EXT. 250)This is not an offering for sale. Prices exclude taxes. The developer reserves the right to make changes to the pricing, incentives, floor plans and specifications without notice. E. & O.E.

F R I D A Y , M A R C H 1 3 , 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

Kerrisdale has long been one of Vancouver’s most sought-after neighbourhoods to live, work and play in. This tree-lined, quaint enclave has a rich history dating back to 1905.

Considered the crème de la crème of neighbourhoods, this is where Boulevard Private Residences found its home.

“Kerrisdale is noted as an upscale enclave of Westside Vancouver,” says Lily Korstanje

managing director, Magnum Projects. “There is Ivy league cache here because of it’s close proximity to some of Vancouver’s highest rated public and private schools, including Magee, Point Grey, St. George’s, York House, Vancouver College and Little Flower Academy.”

Boulevard in Kerrisdale is a boutique-style, four storey building showcasing an exqui-site collection of 38 Designer Residences, featuring junior, one, two and three bedroom condo-miniums.

“We are 70 per cent sold and we are releasing the remaining 30 per cent of our homes,” adds Korstanje. “There is still a good mix of all suite types available.

Our junior one bedroom is open style studio with built-in Murphy bed, 150 square foot patio, a parking stall and storage space all for $367,900. For that price, a young couple starting out can actually live in Kerrisdale.”

For discerning buyers who are looking for luxury condo living, Boulevard features old world craftsmanship and signature fi n-ishes such as: Oak engineered hardwood fl ooring throughout living space, nine foot ceilings (10’ in the ground level condos), plush wool-blend carpeting in bedrooms and Zen-inspired bath-rooms with frameless glass show-ers.

“Our patios range from 150 to 400 square feet of extra living space, making it a perfect exten-sion of your home … where do you get that downtown?,” asks Korstanje.

The kitchens are guaranteed to wow even a celebrated chef. Everything you dream of is here: choice of soft-close cabinetry in white high gloss, white oak or natural oak, Caesarstone coun-tertops with a 1½” square edge fi nish, ceramic tile backsplash, Franke single bowl undermount

stainless steel sink with a Hansgrohe polished chrome fau-cet, pullout spray, and garbura-tor and an Energy Star Fisher & Paykel stainless steel appliance package.

The private bedrooms are an oasis of luxury with its plush car-peting, large walk-in closets and marble-tiled master ensuite.

As one of the most distin-guished neighbourhoods in Vancouver, you will fi nd plenty of amenities including transit and recreational opportunities, all within easy walking or driv-ing distance. Boutique shops and cafes, easy access to UBC and transit are just a few of the rea-sons why you want to own at Boulevard.

These gorgeous homes come to you from the highly respected Redekop Group of Companies, a builder with more than 25 years of quality workmanship.

“In pre-sale you want a builder you can trust,” says Korstanje, adding they built the upscale Crescent West townhomes in UBC and Kitswest in Kitsilano.

“Redekop is renowned as a builder with integrity. Their motto is: ‘We build it; we guarantee it.’”

KERRISDALE’S NEW LUXURY

LIVING CONDO RESIDENCES

These elegant residences must be seen to be fully appreciated. The presentation centre, located at 2126 West 41st (Formerly Ed’s Linen’s), Vancouver, is open daily from noon to 5 p.m. (except Fridays) or by appointment. Occupancy is slated for spring 2016. For more information, call 604-685-5778 or Chinese hotline at 778.889.8898, email info@boulevardkerrisdale.com or visit www.boulevardkerrisdale.com