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Jun. 1st, 2017

Delta Highrise - HudsonHomeTeam

The proposed development site on 120 Street and 75A Avenue. (James Smith photo)

 

If approved, it would be the second such development along Scott Road after the 37-story Delta Rise.

A potential 35-storey residential development on Scott Road is advancing to public consultation after approval from council on Monday, May 29.

The application is for a 35-storey residential building with limited commercial space at ground level and several three-storey townhouse units at the northwest corner of 75A Avenue and Scott Road. The building would have underground parking, accessible from 119A Street.

Council’s approval means the consultation process for the proposed development can begin; it does not necessarily mean the development will be approved for construction.

The public consultation process will include placing public notice signs along the properties on 120 Street, 75A Avenue and 119A street; sending notices to surround property owners; holding a public information meeting to introduce the proposed development; and holding a public hearing if the application proceeds past second reading.

 

 

Community planning and development director Jeff Day said the developers want “to move this forward as quickly as possible.”

“I anticipate the public information meeting would happen before true summer comes in,” he continued.

At the public information meeting, information on the building’s amenities will be brought forward. Currently, the development includes limited commercial spaces on the ground floor of the building, including a coffee shop and a business office because, Day said, “we don’t want to dilute the commercial along Scott Road.”

If the development is approved, the six properties covered by the development would be rezoned from multi-unit residential properties and medium density residential properties to mixed use properties.

“It’s just at the preliminary stage right now,” Day said. “There’s a lot of things we need to go through in terms of the form and the character of [the development].”

The development’s design will be brought forward during first and second readings, giving council members and the public a chance to weigh in on what the building would look like.

“At this point, we’re satisfied that it’s developed to a mark … that council would expect where we are able to take it out to the public,” Delta CAO George Harvie said during the May 29 council meeting. “But we always come back with some good additions and modifications based on public consultation.”

If approved, this would be the second high rise along that stretch of Scott Road. Delta Rise, which was officially completed on May 6, 2017, is a 37-storey residential building on 120 Street and 80 Avenue.

The new proposed development is located within the area covered by the Scott Road revitalization bylaw, which has established reduced municipal fees and taxes to encourage commercial and high density residential development along the Delta/Surrey border.

However, the proposed development would not automatically qualify for those bylaw incentives: eligibility has to be determined first.

The application for the building was put forward by developers Arzone Real Estate Investment Ltd. and Hari Homes Incorporated.

Both parties has been involved in other North Delta development proposals in the past, including a 20-unit townhouse development proposal on 84th Avenue and 115 Street.


Delta Highrise drawings  - HudsonHomeTeam


An application for a 35-storey high rise on 120th Street was approved by council on Monday, May 29. The proposed development will no go through several stages of public consultation. (Council report photo)

Delta Highrise drawings 2 - HudsonHomeTeam

An application for a 35-storey high rise on 120th Street was approved by council on Monday, May 29. The proposed development will no go through several stages of public consultation. (Council report photo)

 

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When it comes to buying and selling homes, most contracts include a contingency that will allow buyers to back out or re-negotiate the sale based on issues found during a home inspection.

Selling a home can be stressful, to feel confident in the sale of your home check out these common home issues before listing.

We recommend a pre-sale home inspection – which may even sweeten your home sale by adding an element of transparency when you share the report with the buyers agent.

 Basement Moisture - HudsonHomeTeam

Basement Moisture

Regardless if your basement is beautifully finished or could have been the location for the latest big screen thriller, a major issue found in home inspections is moisture or seepage.

If your basement shows signs of moisture, leakage or has an air of dampness you may have an issue.  Call a trusted home inspector to get the lay of the land, or a contractor who specializes in basement repair.

The possibility of basement flooding will not appeal to even the savviest of ‘fixer upper’ home buyers.

 

Poor Workmanship - HudsonHomeTeamOutdated Roof

The hat for your home.  Maybe not today, maybe not tomorrow, but if your roof is old you run the risk of facing major leaks during the next rainy season.

If left unattended, an old roof may lead to major damage of other existing home systems and property.  If your shingles are peeling and look old, you likely need a new roof – get on the phone and start calling local roofing companies.



Poor Workmanship

DIYers take heed!  There are (for example) building codes for things like your deck, car port, garage, retaining walls, plumbing, electrical and other home projects and systems.

Outdated Roof - HudsonHomeTeam

If you are going to tackle these projects yourself, make sure to do your research and learn what building code requirements exist in your city.  Better yet, have a professional come double check your work before you pat yourself on the back  – it could save you from property damage, personal injury, costly lawsuits, or the sale of your home.

 

 

 

 

Maintenance

All major components of your home do require maintenance.  Just as you get an oil change, replace brake pads, and rotate tires on your vehicle, your home needs regular attention and cleaning.

Be sure to pay attention to things like furnace and central air maintenance, cleaning dryer vents, water heaters, exhaust fan filers for your stove, check caulking in places like tubs and shower surrounds yearly.  Prevention is better than a cure – and it costs less!

 Checklist - HudsonHomeTeam


 

 

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(courtesy of peacearchnews.com)

Curry battle in Surrey: It's Indian vs. Thai in special event dubbed 'Mae Shanti' - White Rock News

 Chefs Vikram Vij (left) and Angus An. - submitted

Chefs Vikram Vij (left) and Angus An.

 

SURREY — The table is set for a curry battle in Surrey next month.

A culinary showdown of sorts will take place at South Surrey's My Shanti restaurant on Monday, March 13, featuring its owner/operator, Vikram Vij, and fellow award-winning chef Angus An, from Kitslano's celebrated eatery, Maenam.

This curry fight is Indian versus Thai.

 

How Much is My Home Worth Button
 

In a ticketed, $125-a-head event, the chefs will go head-to-head as they demonstrate the best cuisine of their native countries.

An and Vij will collaborate on canapés and dessert, but it is the main courses where they will duel it out over meat, seafood, rice and noodles, giving diners the chance to decide for themselves. With each course, diners will also enjoy wine pairings from B.C. wineries.


Another Reason We live in


         #SouthSurrey #WhiteRock



"This Asian curry showdown will take place over five courses where both Chefs and their teams will prepare dishes in the one-night-only 'Mae Shanti' kitchen to represent their respective countries," according to an event advisory.

Says Vij: “There are amazing curries in both Indian and Thai cuisine, and while the ingredients are sometimes similar, they retain distinctive flavours. We want to highlight those differences, while giving our diners the chance to compare the dishes.”

Adds An: “It’s not often I can showcase Thai cuisine right beside Indian curry. I’m looking forward to being able to illustrate the differences to diners as they savour every flavour.”

To reserve a table, email Namaste@myshanti.comwith the subject line “Mae Shanti.”

My Shanti is located at 15869 Croydon Dr., Surrey.

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In all the excitement and packing, buying & selling, many people forget to take care of some essential items before they move.  Don’t look past these 5 things you need to take care of, or it could cost you $$$.

moving -boxes -HudsonHomeTeam

  1. 1. Take care of all subscriptions: Magazines, memberships, recurring orders, gym memberships.  Get a head start on updating your address or cancelling memberships before charges mount on your credit card.  We suggest you take care of this at least 30 days prior to your move, as many gyms, clubs, and mail subscriptions require this much time for cancellation or updates.
  1. 2. Change your address at the post office: For a small fee Canada Post will allow you to register your new address to ensure all your mail finds its way to your new home.  Leaving bills or an outstanding balance behind, may impact your credit score, as well as lead to accumulated interest charges -–neither of which you are likely o want.
  1. 3. Call utility providers: Cable, internet, electricity, gas, etc…These are all services that you should be making contact BEFORE you move. Many of these services can pivot on a dime so not much notice is required, but we do recommend making contact at least 1 week prior to your move date.  Make a list of required utility providers & check it twice!  Or, you could wind up paying for someone else’s electric bill!

movingbycar - HudsonHomeTeam

4. Manage your motor vehicle insurance: If you are new to British Columbia here is what you need to know; ICBC allows up to 90 days to switch over your license, and 30 days to register, license and insure your vehicle.

If you are moving within the Province, you must update your address within 30 days of moving.  Your auto-insurance policy must always show your current home address and vehicle use, so do not forget to update this information!

5. Get a ‘To-Go’ box ready: Whether you are moving across the country, province, or just down the street, make sure that you have a go-to box ready. This should contain items you will need as soon as you get to your new home; cleaning products, toilet paper, garbage bags, paper towels, clean sheets, fresh towels, paper plates and eating utensils and maybe even a bottle of bubbly to celebrate.


Celebrate - HudsonHomeTeam


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courtesy of Business Insider

It turns out homebuyers are really into barn doors.


Screen Shot 2016 04 13 at 8.26.06 AM

 

 


When Zillow looked at design features that sell homes at the best price and with the shortest listing time, that feature topped the list. 

Anything craftsman-style, like rectangular farmhouse sinks, also got homes off the market at a premium. 

 

Zillow Digs screened over 2 million listings for homes sold between January 2014 and March 2016 and looked for the keywords that had the best effect on how much more than the expected price and how much faster they sold.  

Here are the top 15 design features:

Outdoor kitchen


Outdoor kitchen

Percent of homes that sell for above expected values: 3.7%

How many days faster than expected the home sells: 19

 

Tankless water heater


Tankless water heater

Percent of homes that sell for above expected values: 4%

How many days faster than expected the home sells: 43

 


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Backsplash

 


Backsplash


Percent of homes that sell for above expected values: 4.1%

How many days faster than expected the home sells: 46

Granite


granite
Percent of homes that sell for above expected values: 4.1%

How many days faster than expected the home sells: 38

 

Stainless Steel

stainless-steel HudsonHomeTeam

Percent of homes that sell for above expected values: 4.2%

How many days faster than expected the home sells: 42

 

Heated floors


heated-floors HudsonHomeTeam
Percent of homes that sell for above expected values: 4.3%

How many days faster than expected the home sells: 28

 

Frameless shower


frameless-shower HudsonHomeTeam
Percent of homes that sell for above expected values: 4.6%

How many days faster than expected the home sells: 38

 

Pendant light

 


pendant-light HudsonHomeTeam


Percent of homes that sell for above expected values: 4.6%

How many days faster than expected the home sells: 48

 

Exposed brick

exposed-brick HudsonHomeTeam

Percent of homes that sell for above expected values: 4.9%

How many days faster than expected the home sells: 36

 

Craftsman

craftsman HudsonHomeTeam

Percent of homes that sell for above expected values: 5.4%

How many days faster than expected the home sells: 14

 

Quartz

quartz HudsonHomeTeam

 

Percent of homes that sell for above expected values: 6.0%

How many days faster than expected the home sells: 50

 

Subway tile

subway-tile hudsonHomeTeam

 

Percent of homes that sell for above expected values: 6.9%

How many days faster than expected the home sells: 63

 

Farmhouse sink

farmhouse-sink HudsonHomeTeam


Percent of homes that sell for above expected values: 7.9%

How many days faster than expected the home sells: 58

 

Shaker cabinet

shaker-cabinet HudsonHomeTeam

 

Percent of homes that sell for above expected values: 9.6%

How many days faster than expected the home sells: 45

 

Barn door

 


barn-door HudsonHomeTeam


Percent of homes that sell for above expected values: 13.4%

How many days faster than expected the home sells: 57

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Oh yes! It’s getting busy.

 

There are two neighbourhood events hosted by some of our Real Estate colleagues.

 

 

Be sure to print both pages.

 

Upcoming:

Neighbourhood Garage Sales in McNally Creek (South Meridian) and up the 152nd corridor above 32 Diversion.

 

Please keep in mind that WE SELL REAL ESTATE!  We would appreciate the opportunity to present you or your contacts with our outstanding marketing package.

 


 


Feel comfortable referring to us, when the topic of Real Estate comes up.

 

Click on the image below to go to the maps.

 

 

 

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Renting out property to get easier as CMHC changes rules

by Steve Randall28 Jul 2015

The rules around the income from rental units considered in home loan applications submitted to the CMHC are changing.
The agency announced Monday that, from September 28, it will allow 100 per cent of the rental income from a unit to be considered for new loan applications submitted to it for mortgage insurance.

 

That means that a secondary rentals suite’s income, minus costs including property taxes, will boost the size of the loan that buyers can secure.
Qualifying units must have sustainable income, proven by two years of rental rent payments. These payments will be averaged to assess the unit’s income. Applicants will also need a credit rating of at least 680.
Properties with more than a single rental unit will have slightly different rules and this change is most positive for homeowners with one rental unit. 

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The Canadian Press Published Thursday, April 21, 2016 10:21AM EDT
Real estate 'Sold' sign


 

TORONTO -- A new report suggests the red hot real estate markets in Vancouver and Toronto are discouraging some potential sellers from listing their homes because they're afraid of becoming buyers themselves.

The spring market trends report by real estate firm Re/Max on Thursday says while homeowners in those cities know their homes will sell quickly, many are reluctant to become buyers in the highly competitive market.

Re/Max says some are also reluctant to list their homes because they believe that prices could move even higher.

Vancouver and Toronto have been the hottest real estate markets in the country, raising questions about affordability, the role of speculators and the influence of foreign buyers.



 

 

The average residential sale price in Vancouver in the first quarter was $1,103,586, up 24 per cent from a year ago, according to Re/Max.

The average price in Toronto was $675,492, up 14 per cent.

The report suggested the strength of Toronto and Vancouver are helping drive prices in neighbouring regions as buyers move further out in search of an affordable home.

The report noted that Hamilton-Burlington and Barrie in Ontario as well as Victoria have seen prices rise 10 per cent or more compared with a year ago.

"The population growth in these regions, driven by housing demand, is growing local economies as restaurants, shops and services expand," the report said.

 

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It’s probably not a coincidence that spring is a popular time to deep clean your house and also a great time to list it for sale. Any good agent will tell you that cleaner houses always sell faster and for higher prices, so taking some time to really make your home sparkle is almost always worth the extra effort.

Spring-Cleaning.jpg

 

 

 

Of course, clean is also a very relative term. What some people see as clean, others just won’t be satisfied with. And when you are expecting to welcome a steady stream of potential buyers into your home, you definitely want to make sure that you have all of your bases covered.

With that in mind, let’s take a look at six areas that sellers often overlook when spring cleaning their homes with the intention of listing them for sale.

The Windows: Both Inside and Outside

One of the most important things that you can do to really help your home shine is clean the windows.

And it’s not enough to simply wipe them off from the inside. Getting the outsides clean too will more than double the positive impact this job will have on the way your home looks.

Having crystal clear windows has two specific benefits. First, clean windows will let in more natural light, brightening your entire home. As if that wasn’t enough, clean windows will also invite perspective buyers to appreciate whatever views you might have.


 


Inside the Kitchen Cabinets

Everyone who plans on listing their home knows that they need to clean the kitchen countertops and scrub the floors. But not everyone realizes that home buyers will want to see what the insides of your kitchen cabinets look like.

Would looking inside your cabinets cast your home in a positive light? What about that junk drawer in the kitchen?

Drapes & Light Fixtures

Another commonly overlooked area that could probably use some cleaning is your drapes and light fixtures. Dusting them off is a good place to start, but why stop there?

Take those light fixtures down and wash them out, and when was the last time that you actually washed the drapes? You’ll be shocked at the difference clean light fixtures and freshly washed drapes will make in the way your home presents itself.

The Office Area

You know that one spot where all the bills tend to pile up while you are putting off sitting down to pay them? That’s another place that lots of sellers forget to take care of during their spring cleaning.

In addition to being neat and tidy, your home office area needs to look functional. Make sure that anyone who walks through your home will be able to see themselves working productively there.

The Overstuffed Linen Closet

The linen closet upstairs (the one that has never really been big enough) is another place that can really turn off potential buyers. In order to make it look more roomy, take as much of your stuff out of it as possible and put it in storage until your home sells!

You should also make sure that everything in the bathroom medicine cabinet is neat and tidy.

 



Don’t Forget the Outside

While most spring cleaning efforts are focused on the inside of the house, you definitely don’t want to overlook the outside of your home.

Make sure that there isn’t anything in the yard that doesn’t belong there, and spruce up any landscaping that looks like it might detract from a potential buyers first impression.

While you’re at it, you might also want to get out the ladder and give those gutters some attention.

One of the best practices to make sure that your spring cleaning efforts are successful is to simply start over every time you think that you are finished. There is literally no end to the amount of cleaning you can do, and every single bit of that effort will help to sell your house faster for a higher price.

 

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April 2, 2016

Plants on Farm Grounds

Start your garden with heritage seeds

Get a great start on this year’s garden at the Historic Stewart Farm’s annual seed and plant sale and seed exchange.

 

 

  • Shop for rare heirloom vegetable, herb and flower seeds grown in the Stewart Farm’s heritage gardens. Find seeds for centuries-old varieties such as echinacea, stately hollyhocks, wildflowers, 200-year old pole beans, and rare peas.

  • Get tips from the heritage garden volunteers about the historic varieties they grow and how to save seeds.

  • Master Gardeners and other experts will be on site to answer your gardening questions.

  • Visit the heritage flower and vegetable gardens.

  • Tour the beautifully restored 1894 farmhouse with costumed guides, and sample fresh baked goods from the woodstove.

  • Kids get a start on their gardening skills through "seedy" crafts and activities.

 



FREE
Drop in, all ages

Location: Historic Stewart Farm, 13723 Crescent Rd

Time: 11:00 AM - 3:00 PM

Contact: 604-592-6956

Category: Heritage Kids and Family

Town Centre: South Surrey

 


 

 

 


 

 

Heritage South Surrey farm hosts Seedy Saturday - Peace Arch News

 

Connect with Us Community Heritage South Surrey farm hosts Seedy Saturday Garden enthusiasts line up to buy Chinese chives from Gail Hall (left) during Historic Stewart Farm’s Seedy Saturday. — image...

 

Real Estate News and Views In Alberta: MAKE GARDENING A FAMILY AFFAIR

 

MAKE GARDENING A FAMILY AFFAIR Now that Spring has finally arrived, it's time to get outdoors and into your garden. But don't forget to bring your family along! As adults, we often assume that garden...

 

Seeds to Start in August

 

Seeds to Start in August Here’s our list of seeds to start in August for fall and winter harvests. These fast-growing seeds are cold hardy, and will thrive as the nights get cooler in late August and ...

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Want some insider advice on updating and upgrading your home? Real Simple asked readers what they wish they had known before—or would have done differently with—their renos.

By Betsy Goldberg


kitchen-renovated

Photo by Robert George Young/Getty Images

 

“I would have made sure there was more insulation in the wall where the bathroom butts up against a bedroom. My daughter is awakened by every sound in the bathroom. We should have put the closet where her bed is now.” —Ali Dubin

“I would have stuck to my original plan for a stainless steel sink instead of doing a black stone composite sink. Softened water leaves a haze on it, and the sink chips.” —Jennifer Mason Theroux


“Have a guaranteed end date in the contract with your contractor, with a fee for any day that goes over. Mine went months over while the contractor worked on jobs for other people.” —L.S.

“Set aside extra money for unforeseen expenses like rotted wood, consults with a plumber, and the replacement of exterior fixtures. It isn’t realistic to think that everything will work out exactly the way it’s supposed to.” —M.P.N.
“I would have put in more electrical outlets on our kitchen island.” —Jennifer Lijertwood

 


“Don’t underestimate how much construction dust will permeate the rest of your living spaces through the air and ducts. Remove valuable objects from the walls or displays so you’re not having to micro-clean, and seal off any closets that contain clothes, linens, and food.” —Deborah Fairchild
“Make sure you have all the materials before starting. Some of our items took months to come in after ordering, which held up the work. Four months is a long time to be without a kitchen!” —Victoria Wagner
“When we redid our kitchen, I wish we had included ‘eating out’ in the budget!”—Maria C. Kuntz

 

Article courtesy of realsimple.com

 

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In times of great potential, there arises great potential for unethical and untrustworthy elements.

 

Here’s another reason to use a local Realtor (like our Team) when dealing with a Real Estate transaction.


 

 


 

 

HHT 2016

 

 

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WHAT YOU NEED TO KNOW

More fires start in the kitchen than in any other room.

 

Those fires can be expensive; since even a minor incident, with no injuries, can result in significant damage.

That’s why it’s important to keep up with the latest in fire prevention.

 

The most recent research tells us:

  • Never leave cooking food unattended. Doing so is the number one cause of kitchen fires.
  • Make sure cooking appliances, especially deep fryers, are safety certified by the appropriate government agency.
  • When using oil in a frying pan, always heat slowly at no more than a medium heat setting.
  • Always turn off stove burners and other cooking appliances immediately after cooking.
  • Never attempt to put out a grease fire with water. Use baking soda or a fire extinguisher.
  • Never remove or cover up a smoke detector due to nuisance alarms. The one alarm that isn’t a nuisance may save your life.

Finally, experts say that if you can’t put out a fire immediately, get everyone out of the home and call emergency services.


Get more useful tips and learn what makes HudsonHomeTeam better when you are looking to sell your #SouthSurrey #WhiteRock home.

 

Logo 2016 LD

 

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  The Bank of Canada will maintain its target for the overnight rate at 1/2%.


The Bank of Canada announced this morning that it is maintaining its overnight rate at 0.5 per cent. In the press release accompanying the decision, the Bank noted that inflation is evolving as expected with total CPI continuing to test the bottom of the Bank's 1-3 per cent target range due to low energy prices. However, the Bank expects that inflation will rise over the next year, reaching its 2 per cent target by mid-2017.  On the economy, the Bank sees economic growth firming after a slowdown in the fourth quarter of last year. The Bank projects that the Canadian economy will grow a modest 1.5 per cent this year before strengthening to 2.5 per cent in 2017.

 


In not moving on interest rates this morning, the Bank is recognizing that there is little that monetary policy can do to offset a significant supply-side shock such as the dramatic decline in oil prices. Indeed, given Canada's floating exchange rate, the loonie has already adjusted to help partially absorb the negative impact of falling commodity prices on exports.   Keeping in mind that the Canadian economy is still projected to grow at a rate very close to its somewhat diminished potential for 2016 and that inflation will be spurred by a dramatically lower Canadian dollar, we anticipate that the Bank will reassess the need for monetary stimulus once the worst of the oil-shock had passed. That means, barring a significant deterioration in the economy, the Bank will more than likely remain sidelined for 2016. 

 

For more information, please contact:

Andrew Hudson
Realtor
Direct: 604.773.3940
Office: 604.531.1111

Email: andrew@hudsonhometeam.com


 
 
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We love our clients and our friends for thinking of HudsonHomeTeam, when asked for a good Realtor©.

Today we stopped by Uli’s on Marine Drive to say hello to our friend Tyson and have one of his amazing gluten-free meals (I had the burger, best around).

 

Uli's 2


While there we decided this would be a great way to thanks our friend, Erin for referring Scot to us.
Last week, Scot moved into his beautiful new, fully renovated condo (with a room for his charming daughter).

Today, I am delivering a thank you Gift Certificate for Uli’s to Erin as appreciation for his thoughtfulness.

Erin, we hope you and your family enjoy the Uli’s experience!

 

Thanks again!

 

HudsonHomeTeam

 

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Continuing low interest rates and a healthy stream of newcomers will ensure the good times keep rolling in 2015

BY BARBARA YAFFE, VANCOUVER SUN COLUMNIST JANUARY 26, 2015


 

 

Barbara Yaffe: Property developers bullish on Metro Vancouver real estate market

Photograph by: ian lindsay , Vancouver Sun

 


Residential construction, and densification, in the Lower Mainland will keep rolling along in 2015.



VANCOUVER — Continuing low interest rates and a healthy stream of newcomers will ensure the good times keep rolling in 2015 for the Lower Mainland’s property development industry. But it also means pricing will continue to pose a challenge.

Three of B.C.’s biggest developers used adjectives like “great” and “incredibly positive” as they delivered a forecast last week to more than 1,100 industry insiders and politicians attending an Urban Development Institute luncheon.

“Vancouver is going to do well, everyone wants to be here,” declared David Negrin, president of Aquilini Development.

He said a recent crackdown on democracy protesters in Hong Kong is likely to enhance Vancouver’s prospects. “We’re very positive on Vancouver, and it’s going to continue for some time.”

Added Neil Chrystal, CEO of Polygon Homes: “We’re picturesque, have a healthy environment, we’re a clean, safe city offering excellent health care and educational opportunities. We are politically stable and close to Asia.



“I see no sign of the residential market slowing down. ... The market will remain balanced and stable in the year ahead.”

B.C. will experience net immigration in 2015 of some 34,600 immigrants and 2,600 provincial migrants, according to research by Mac Marketing Solutions, a company that plans and markets housing projects.

Mac, with offices in Vancouver and Calgary, forecasts that in subsequent years even larger numbers of both immigrants and Canadians will arrive, noting Alberta’s economic slowdown will make heading further west all the more attractive.

So, while a total of 37,200 newcomers are expected this year, the number should grow to 53,200 by 2018.

Combine that trend with low interest rates and a low vacancy rate in the region, and you have a recipe for continuing strong growth in the property development and real estate sectors. Unfortunately, that does not augur well for affordability.

Between 2006 and 2014, benchmark prices for all types of real estate in Metro Vancouver saw significant price jumps, according to Mac research, with the greatest increase — 46 per cent — recorded in Vancouver’s east side. West Vancouver and Vancouver’s west side both saw increases of 41 per cent.

Referencing the retail sector, Kevin Layden, CEO of Wesbild, said North American stores are downsizing as they move online. But even here, Vancouver is well positioned, never having enthusiastically adopted a big-box retail model.

The city has 13 square feet of retail space per capita, compared to a Canadian per capita rate of 19 square feet and the U.S.’s 30 square feet.

Commenting on Vancouver’s affordability crisis, Negrin cited the high cost of land and remarked: “Everyone is frustrated.” The only way to keep prices down is to increase density, he said.

Yet a Demographia study released last week on housing affordability argues density and urban land containment boost housing prices by restricting development of cheaper perimeter lands.

Chrystal argued development is being constrained by an overly complex and time-consuming municipal approval process. At UBC, he reported, the development approval process takes six months, compared to 12 to 30 months elsewhere in the region.



Added Negrin: “We have to find a way to streamline the process. Anything over one year is too long.”

Chrystal pointed to another challenge for Lower Mainland developers — offshore buyers are starting to purchase land for development that he said could lead to oversupply in certain markets.

They are also posing a challenge in terms of what they are prepared to pay for land acquisitions. “They may be parking money from offshore. We can’t compete on price.”

The developers complained of increasing costs for building materials and a stronger U.S. dollar, forcing higher costs. Prices for drywall, windows and steel were cited.

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If you are planning on visiting some Open Houses in the fabulous White Rock & South Surrey area, please feel free to use our list of all Open Houses in the area.

 

If you have questions regarding areas, local school rankings, amenities, best value areas, we are area experts and offer information to help you make the best choice for your wants and needs.

 

Click the image below for the Open House List. Oh, and don’t forget to ask us about the Ten Commandments for Home Buyers.


  

 


 

(partially because we believe in their ability to surpass your expectations,

but mostly because we are them).

 

 

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My neighbour asked me this the other day. It was 3 p.m. and I was checking the mail.

 


-What does a Realtor do all day,


 

He came over and said, “Busy day today, I see. Are we lounging this afternoon again? It must be nice to sell a few houses and make the big bucks and then lounge from home all day.”

 

I smiled and changed the subject. There’s no need to try to convince him otherwise. 

 

Then he said, “What do you really do all day? There are some days that I don’t even see your Jeep leave the driveway. Seriously … what do you do all day?”

I smiled again and explained that I spend a lot of time in front of the computer, on the phone and answering texts. I found myself trying too hard to convince him that I really do work hard, and I work a lot of hours. I ended the conversation and went back inside. No harm, no foul.

His question really got me thinking.

What do Realtors really do all day? 


Time to break out my calendar and explain what I do all day.

Monday: I met with a Mortgage Broker at my office in the morning. He was explaining what products he had to offer. That was followed by a lunch with a Real State Lawyer, a listing appointment that afternoon, and a few showings that evening.
Tuesday: I was sick on the couch (that’s rare!), but I was still able to get up and around by the evening to show view properties. I had to cancel a pretty big real estate webinar that day, though. Bummer.
Wednesday: I blogged a lot and spent a good part of the afternoon working on real estate videos. That evening I showed a home to some seller/buyers, and then showed homes to another buyer. We found the one and will be writing an offer today.
Thursday: Right now it’s 9:17 a.m. I just finished my smoothie, got a great blog idea, and then I’m going for a bike ride. Then I need to schedule three closings for next week followed by another listing appointment tonight. I may try to squeeze nine holes of golf in before my listing presentation tonight.
Friday: More videos during the morning followed by an afternoon of phone calls to past clients. Friday night will consist of me showing a few more homes to yet another buyer client.
Saturday: There’s a possibility that we’ll have a listing appointment followed by dinner with past clients. (See, we work our sphere of influence and past client base to not only say hello and catch up, but to ask for referrals to grow our business.)
Sunday: We have yet another new listing appointment that afternoon. Hopefully, that will end the work week and I can watch some hockey with my boys.

Don’t forget all of the phone calls, texts, and all of the emails we receive throughout the day and evening. Oh, and don’t forget about the interaction on Facebook and all of the other social media sites that bring in business. I do most of that in the evenings.

Oh, and don’t forget that we also touch base with each and every seller on a weekly basis, and our Monthly Newsletter that we take time to prepare, and our mail marketing that we work on weekly, and …

Are you catching my drift here? 

Being two full-time Realtors with a thriving and growing business is more than a full-time job. We don’t clock out as much as we should. We live and breathe real estate almost every day and almost every evening.

Sure, it may look like we have it easy, and to be honest, sometimes I think we do. Doing what you love rarely feels like work.

 

But it is work. 

 

Time for me to log off, go push some weights and hit the cardio, and then get back to my life of leisure, fun in the sun, and my daily massages and mojitos.

 

Or something …


 


 

This was originally posted by our associates, Amanda and Jared Christiansen on ActiveRain. The Christiansens specialize in Fort Wayne, Ind., real estate for Century 21.


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(Surrey, BC) – The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) processed 1,668 sales in June, an increase of 26 per cent compared to the 1,327 sales in June of last year and 2 per cent higher than sales in May. In terms of historical comparison, last month’s sales finished 7 per cent below the 10-year average for June with the previous best June occurring in 2010. 

Ray Werger, President of the Board, says, “Recent news reports indicate that consumer optimism about real estate is at its highest level in a number of years and we’re experiencing that at the ground level.


 

Canada Day in White Rock


“Over the last three months, we’ve seen a surge in demand specifically for single family homes and townhomes in most of our communities. Our number one buyer is families with children and they’re taking advantage of ultra-low interest rates combined with more affordable, stable prices in the Fraser Valley.”

In June, the benchmark price, as determined by the MLS® Home Price Index (MLS® HPI), of a ‘typical’ residential home – detached, townhouse and apartment combined – was 1.3 per cent higher than June of last year. For the single family detached home, the HPI benchmark price in June was $568,600, an increase of 3 per cent compared to June 2013 when it was $552,200. This is a record high benchmark price for detached homes since the MLS® HPI began in January 2005. 

The HPI benchmark price of Fraser Valley townhouses decreased by 0.3 per cent; going from $298,700 in June 2013 to $297,800 in June 2014. The benchmark price of apartments was $197,000 last month, a decrease of 2.7 per cent compared to $202,500 in June of last year.

 

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DO NOT CLICK THIS BUTTON!


 

Werger adds, “We’re essentially seeing two markets right now, so it’s important to get advice dependent on what you’re listing or buying. Competitively priced, mid-range single family homes are being snapped up quickly, on average in a little over a month, whereas condos and higher-end, executive homes in our region are taking as long as three months on average to sell. Talk to your REALTOR® to find out where you fit.”

The Board’s MLS® received 13 per cent more new listings in June, 2,974

compared to the 2,625 new listings received during June of last year. The month finished with 9,853 active listings, a decrease of 6 per cent compared to the 10,515 active listings available during June of last year.

 

 

The Fraser Valley Real Estate Board is an association of 2,780 real estate professionals who live and work in the BC communities of North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission.  The FVREB marked its 90-year anniversary in 2011.

 

Full package HERE

 


 

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6 things to remember when choosing a closing date

 

Summer means more people signing real estate deals. Besides the price to be offered, you also need to think carefully when choosing your closing date, so that your deal will close smoothly.


Here are 6 things to remember:

 

1. Do not choose a Friday at the end of a month….or any Friday for that matter! This is typically the busiest day in most real estate law offices, especially in the summer. This results in many deals not being able to close until late in the day, close to 5 or 6 pm. Worse, if the deal has to be extended, you don't get keys until the following Monday, or maybe Tuesday if it is over a long weekend.

2. Close your deal on a Wednesday, if possible. If there are delays, it is much easier to manage a one day extension than an extension over a weekend.

3. Sellers, plan to be out of your home early, not necessarily days early, just be sure to leave time and room for things to not go as planned with your move, movers, schedule, things can happen. We at HudsonHomeTeam strive to negotiate a possession time that is as convenient for our client as possible(whether Buyer or Seller).  In normal practice, when the closing is not at the end of a month on a Friday, the deal will likely be registered by 2 - 3 pm. Completion and possession are not usually the same thing. A property transfer will complete on one day and possession will most often be on a future date, whether it's the next day or several days down the road.

4. If you are buying and selling a home in the same time period, close your purchase 2 days early and get bridge financing to assist you. You will close your deal without pressure and have a few days to move in while you wait until your sale closes. This will also make it much easier to negotiate an extension, if you have to, as you will not be dependent on the money from your sale to close your purchase. If you are going from a rental to a purchase, we suggest arranging the dates so you have an decent overlap to move over several days.

5. Sellers, a good Realtor will have added a cleanliness clause obliging you to leave the property in a clean state. Buyers, ensure your Realtor included a clause in the contract allowing for a scheduled final visit before closing to make sure that the seller is properly cleaning up.

 



 

6. Upon possession, be sure to perform a walk-through to ensure the property is left as expected and agreed upon. Your Realtor will walk through with you to document any deficiencies.

By doing your homework before choosing a closing date, you should be able to avoid pitfalls later. However, a Reputable Realtor will be aware of your needs and have good knowledge and experience ensuring the transfer goes smoothly and with little stress for you.


Click here to view and/or print a PDF copy of this article.

 


 

 

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