A UNIQUE COLLECTION OF DOUBLE GARAGE TOWNHOMES
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Jan 10, 2015 | Volume 25| Number 1 | Phone: 604-502-6100 | Fax: 604-501-6111 | Email: voicerealtyads@gmail.com
Luxury Home Sales Boomed In Many Canadian Cities In 2014: Sotheby's
The report notes that oil prices, which have fallen by 55 per cent since the summer due to a supply glut, could have an impact on sales of high-end homes in Calgary. "We're really watching Calgary very closely," Sotheby's president and chief executive Ross McCredie said in an interview. "There's fear out there in terms of what 2015 is going to look like if oil stays where it is today." So far, the number of homes being sold has continued to grow in Calgary's high-end real estate market. McCredie said while buyers may begin holding off to get a sense of where oil prices are headed, it's unlikely that Calgary's real estate market will go flat. "Definitely in the later part of last year you saw a lot of people waiting," he said. "A lot of transactions didn't end up closing or deals fell apart. I think they're all just taking a cautious look at it." If oil remains below $50 a barrel, that could spell trouble for Alberta's real estate sector in general, including in the high-end segment, McCredie said. "Six months later, if oil's still at $50 or less, I think you're going to start to see
some really concerned people there," he said. McCredie also said that foreign investors are snatching up roughly half of the homes worth $5 million or more in Vancouver and Toronto, despite a recent report from Canada Mortgage and Housing Corp. that puts the foreign ownership numbers much lower. The CHMC report last month found that foreigners own only 2.4 per cent of the condos for rent in Toronto and 2.3 per cent in Vancouver. While the CHMC report noted that some areas of Vancouver and Toronto had a higher proportion of foreign condo owners — as high as 5.8 per cent in parts of Vancouver and 4.3 per cent in Toronto's centre core — it's still much lower than the estimated 50 per cent foreign ownership that McCredie says exists in the luxury real estate market in those two cities. "It's not an exact science," McCredie said. "It's not like you can literally say, 'Well there's X number,' because what we see a lot is the transaction for foreigners buying Canadian real estate happens through Canadian subcompanies."
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Since many of the sales take place through Canadian companies owned NO CREDIT, BAD CREDIT, NO PROBLEM! by foreign individuals or corporations, Up to 80% Financing on Residential Properties with Limited Income Verification those transactions wouldn't be captured in the CMHC data, McCredie • Commercial Mortgages • First Time Buyers said. Sotheby's, which markets and • Equity Take Outs • Renewals • Debt Consolidation brokers the sales of luxury homes, is • Refinances • Variable Rate Specials in a better position to gauge the level • Cash Back Specials • Private Mortgages • Rate Holds up to 120 days • Truck Leasing of foreign ownership, at least in the over $1 million market. Some critics have raised concerns that 25 Years of a mass selloff of foreign-owned propBanking Experience erties could crash Canada's real estate Owner of Centum Axis Mortgage market in an economic downturn. But McCredie says strong underlying 604.897.4068 Axis Mortgage Corp. factors, such as historically low mort- www.centum.ca/tony_hundal • email: tony_hundal@centum.ca gage rates and high levels of immigration, continue to make Manufacturers Of Canadian real estate attractive to foreign Quality Cabinetry buyers. "They've got a lot of Single Family Homes money right now. They “Celebrating 30 years see Canada as a very Multi Family Projects in Business” stable marketplace. Hi-rise Apartments They like the story around Canada. They like coming here. They Sohan Singh Bhogal have friends and fami13375 comber way, Surrey, BC V3W 5V8 Canada, www.sunrisekitchens.com info@sunrisekitchens.com ly here."
Tony Hundal
Ph: (604) 597-0364 • Fax: (604) 597-2638
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West Newton
$258,800 NEW E C PRI
Vantage Realty Office:604-585-3555
#210-12088 75A AVE, SURREY
EMAIL: jaysidhu1@gmail.com SEE MORE AT:
604-339-5132 East Newton
$399,000
Surrey
$699,000
Guildford
WEEKLY SPECIAL Queen Mary
LOCATION LOCATION! THE VILLAS AT STRAWBERRY HILL!2 bdrm 2 bthrm 959 sq ft luxurious condo. OPEN layout features! Large liv rm with laminate flrs & electric fireplace. Maple kitchen with GRANITE counter tops, SS appliances, Tile flring, built in microwave/hood fan & in suite Laundry. M. bedrm with ensuite & second bdrm on opposite side for PRIVACY. Secured building and secured around Level Parking parking with bike room. close to all amenities.
$168,800 Abbotsford West
$299,900
$734,800
#21 14453 72nd Ave
12532 58b Av
# 108 9946 151 ST
# 120 3080 Townline Rd
SEQUOIA GREEN -END UNIT. 2 storey w/finished basement features 4 large bdrms & den w/3.5 baths. The Granite tiled entry welcomes you to your SPACIOUS living rm with gas fireplace, laminate flrs & extensive use of crown moulding throughout. Gourmet kitchen w/European style cabinetry, tiled backsplash, stainless steel appliances & large eating area. Upstairs Mbdrm w/large W/I closet & deep soaker tub, 2 more bdrms, laundry rm & den w/balcony. Finished bsmt/media rm wired for 7.1 surround sound system, bdrm & 3pc wshrm with slate flring. Vinyl siding exterior, landscaped low maint fenced yard & 2 car garage. Recent renos include new paint. Nice, quiet complex close to schools, transit & shopping.
Location Location Location. Situated across from a Park and JT Brown Elementary School. Private SOUTH facing yard. Steps to Boundary Park. CUSTOM built 3 level 6 bedroom & den home offers: Main flr with Spacious living & din rm, OPEN flr plan with a beautiful MAPLE kitchen, S/S appliances, Granite counters & real H/W flrs throughout leading to a Large family rm. Above features 2 m.bdrms with ensuites, VAULTED ceilings & huge WI Closet, 2 more bdrms with Jack n Jill bthrm. Legal 2BD suite with extra den & laundry for upstairs use. Close to all amenities.
WESTCHESTER PLACE. Beautiful, Spacious, Recently RENOVATED 1 bedroom 1 bath condo with 1 covered parking. Features New PAINT, New appliances, LARGE living room with GAS fireplace, Dining room, Laminate floors, UPDATED Kitchen and bathroom with GRANITE counters and HUGE Master bedroom. In suite Laundry and PRIVATE patio. Monthly Maintenance includes Hot water and Gas. Close to Guildford Mall, T & T market, Bonacord Elem. Johnston Heights Secondary, library, recreation ctr and bus stops. Move in condition. MUST SEE!!
Over 2260 sq.ft. Beautiful rancher/bungalow with basement. Main floor features: living room with gas fireplace leading to private patio, master bedroom with walk in closet and ensuite, den, 2 more bedrooms, laundry & full bath. Basement features: HUGE family room, games room and bedroom plus over 540 sq.ft. awaiting your ideas. Close to transit, school & shopping with easy access to HWY. Call for your private tour.
West Newton
D OLLD SSO
$199,800
# 102 12088 75A AV GROUND LEVEL! THE VILLAS AT STRAWBERRY HILL! One bdrm, one bthrm 760 SF luxurious condo. OPEN layout features: LARGE living rm with laminate floor and electric fireplace. Beautiful Maple kitchen with Granite countertops, SS appliances, Tile flooring, built in microwave/hood fan, Huge island and in suite Luandry. Large Master bdrm with walk in closet PRIVATE fenced yard. NO elevator or stairs. Great for first time buyer or RETIREE. Secured building and secured ground Level parking with bthrm. Walking distance to transit, schools, library, shopping, gym & restaurants. Easy access to Scott Rd and Nordel Way with 2-5-10 Home Warranty coverage. Great Price with great location. One of the best 1 bedroom units.
ROYAL YORK
9123-126th St. QUEEN MARY!! Beautiful, RENOVATED, clean 7 bedroom 5 bath home in GREAT location. Main features: LARGE living room with gas fireplace, Dining, SPACIOUS Kitchen with nook leading to sundeck, Family room, Master with ensuite and walk in closet, 2.5 baths & 3 more bedrooms plus security system. Basement features 2+1 bedroom suite & laundry room. Recent renos include: new carpet, laminate floors, baseboard, 2 inch blinds, new paint inside and out. Large fenced private yard. BONUS: PAVED driveway along side of home to get to your Huge 10x20 shed & back yard. Close to shopping, transit, schools and recreation with easy access to Scott road, Nordel way, King George Hwy & skytrain. Move in condition.
$638,800
Coquitlam
Panorama Ridge
FREE
7733 Garfield Dr, Delta Beautiful, well maintained, 4 bdrm, 3 bath home with full Daylight basement & View. Main floor: Spacious living room with gas fireplace, Dining room, Large windows offering loads of Natural light, Renovated kitchen with Maple cabinets, Granite counters, SS appliances, Eating area leading to Sundeck with views of Burns Bog & Gulf Islands, Master Bedroom with ensuite and Lots of closet space. Basement: Media room, 2 bdrm, 1.5 baths, laundry and Huge storage area with separate entrance perfect for Mortgage helper. One year old roof. Easy access to Alex Fraser Bridge, Schools, Sun God Arena and walking trails in the Burns Bog Nature reserve. Priced to Sell.
D L L O O SS D
301 CAPE HORN PL
12914 54A AV
D D SO D L L O OLLD O SS$748,800 S$899,000
$1,000
MARKET EVALUATION Towards Legal Fees or Cash* *CALL FOR DETAILS
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