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Is Fraser Valley the next big market in the B.C. housing sector?

 

 

Latest numbers from the Fraser Valley Real Estate Board (FVREB) revealed that B.C.’s southwestern region has experienced significant home price growth in February, indicating a possible companion to the red-hot Vancouver market in the near future. Last week, the Board revealed that the benchmark price for a single-family property in the Valley increased by 20.4 per cent year-over-year and 0.4 per cent compared to January, hitting $859,300.

 

 

 

 

“This is the kind of February we like to see. Last year at this time, the incredible demand created a market that was difficult for consumers,”

according to FVREB president Gopal Sahota, as quoted by CBC News.

 

 

“Now, we have sales moving upward from the winter months at a typical, healthy pace and a growing inventory to support it,”
Sahota stated, adding that the numbers are so far showing a “return to normal historical sales numbers.” Apartment prices also rose sharply by 26 per cent compared to February 2016 and 1.8 per cent month-over-month, up to $267,000. Meanwhile, average townhome costs grew by 25 per cent year-over-year and 0.5 per cent since January, reaching $422,400. Recently, Finance Minister Bill Morneau assured that the federal government is still closely monitoring the Canadian housing market, amid seemingly inexorable price growth in Vancouver and Toronto. 

 

“We continue to be very focused on thinking about how we can manage what is peoples’ most significant investment. And we do watch the level of indebtedness, in particular around housing,” Morneau stated, adding that “strong underlying markets” continue to drive the two cities’ outsized performance.  “So in Toronto and Vancouver, unemployment is lower in those two places than it is in some other places. Incomes are higher. The economy is doing better. So there are underlying reasons for the housing markets to do better and we’ll continue to monitor, to work with provinces and municipalities who have an important role to play here to manage what we see [as] a challenge, but not one that isn’t manageable.”

 

 

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Celebrated chef Vikram Vij teams with Vancouver-based Arts Umbrella to offer cooking classes to teens

Feb. 28th, 2017

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Local chef Vikram Vij is partnering with Arts Umbrella’s South Surrey arm to share his culinary expertise with teens.

The celebrated restaurateur will be offering three separate three-hour cooking workshops at My Shanti(15869 Croydon Drive, South Surrey), the youngest of his three local eateries, on March 25, April 29, and May 27. There, budding young chefs will learn the fundamentals of producing a family-style dish alongside Vij himself.

 

“I’m extremely passionate about teaching young people about Indian food,” said Vij in a media statement. “Not only that; this is a perfect partnership with Arts Umbrella. In the same way you take a script or an art assignment and add your own personality, I want these students to take a recipe and make it their own—adding extra spices, different flavours, and to adapt a recipe to something that’s uniquely theirs.”

The classes will help Arts Umbrella, a Vancouver-based non-profit that provides access to arts education for kids, expand beyond its visual art, theatre, and dance offerings to include the culinary arts.

 

 

Chef Vikram Vij’s cooking workshops are open to youth aged 13 to 18. To register for a class, contact Arts Umbrella South Surrey by emailor phone at 604-535-1127.

 

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(courtesy of urbansurrey.com)

Surrey population surpasses 500,000; doubles Vancouver in growth

tvqvafbSurrey City Centre

Census data released today by Statistics Canada has revealed that Surrey’s population has surpassed 500,000. As of May 2016 last year, the population of Surrey was 517,887, an increase from 468,251 in 2011 representing a growth rate of 10.6%, outpacing the national average, British Columbia, the City of Vancouver, and the Vancouver CMA.

In comparison, between 2011 and 2016:

  • Canada as a whole grew by 5.0%
  • British Columbia grew by 5.6%
  • City of Vancouver grew by 4.6%
  • Vancouver Census Metropolitan Area (CMA): 6.5%

The only Vancouver CMA municipality to grow faster than Surrey was the Township of Langley which grew at a rapid 12.6%. As a whole, the Vancouver CMA grew to 2,463,431.

With Surrey adding an average of 1,000 new residents per month, as of February 2017, the population of Surrey can be estimated to have already increased further to 525,000. It is expected that Surrey will surpass Vancouver in population to become the largest city in BC by 2030.



Looking at growth by Census Tract, the areas of Surrey growing the fastest were in the south and east, in places such as Grandview Heights, Sunnyside Heights, South Newton, and Clayton. There was also noticeably strong growth in Surrey City Centre as a result of new condo developments in recent years, with one Census Tract east of King George Blvd and south of 104th Avenue growing by 33%. This growth in City Centre will likely increase even more by the 2021 Census, with more new condo developments expected to be completed within City Centre in the next 5 years than in the previous 5 years.

Developable land and affordability in comparison to Vancouver can both be seen as driving factors in Surrey’s strong growth.

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Growth rate by Census Tract in Metro Vancouver


 

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Growth rate by Census Tract in North Surrey – Area east of King George Blvd and south of 104th Ave grew by 33%.

https://censusmapper.ca/maps/583#11/49.2613/-123.1145

By Stephen Hallingham|
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Wednesday, December 28, 2016

Registration begins Jan. 16 for children entering kindergarten in September 2017.

Children who turn five before Jan. 1, 2018 are eligible to start school in the fall.

 


Kindergarten children 2.jpg


Kindergarten registration must be done in-person at your neighbourhood school or school of preference (if space is available). For a map of school catchment boundaries, check here and for a list of all schools, check here.

The following documents are required at the school when registering:

* proof of birth date for the students (eg. birth certificate or passport)

* proof of guardianship (eg. birth certificate or other legal documentation)

* proof of citizenship (eg. birth certificate, passport, citizenship card, landed immigrant document, permanent resident card)

* proof of address (eg. rental agreement, utility bill, driver's license)

Please note that enrolment at several schools in Surrey is already at, or over, capacity and they are therefore unable to accept out-of-catchment registrations.

Specialty and choice programs are also available. Some (French Immersion, Intensive Fine Arts, Traditional and Montessori) require online/lottery application, which begins Jan. 30. For more information or to learn about information evenings being held in January 2017, check here.

Find #SouthSurrey & #WhiteRock homes by School Catchment:


 

Logo 2016 HD


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Translink - SSWR

 

 

Date & Time: October 25, 2016 (5:30 PM - 8:30 PM)

Join the City and Translink at our White Rock open house to talk about Phase One of the 10-Year Vision, which will reduce road congestion and add new transit services in every community, starting in early 2017.

  • Date: October 25, 2016
  • Time: 5:30 - 8:30 p.m.
  • Location: White Rock Community Centre, Gallery

Public consultation on the Phase One plan runs from October 11-31, 2016. Your input will inform the final Investment Plan that's presented to the Mayors' Council and TransLink Board for consideration in November 2016.

Learn more and fill out our online questionnaire by visiting tenyearvision.translink.ca

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We would be very appreciative if you would support our Homelife Benchmark White Rock Team as we participate in the 2016 -  Terry Fox Run.

 


 

Terry Fox Run - HudsonHomeTeam


 

To participate or support/donate, please contact us:

 

info@hudsonhometeam.com

604-773-3940

 

 

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WHERE: Sandpiper Pub, White Rock
WHEN: September 11 5 – 8
WHAT: Live music, door prizes, toonie toss, raffle and 50/50
HOW MUCH: $20 / ticket ( $10 directly to Semi Rugby) – You get a
Burger, Fries and a Beverage (Beer or Pop)
Kids Welcome – Bring the whole family


Semiahmoo Totems - HudsonHomeTeam

 


 

Contact us for tickets:

 

 info@HudsonHomeTeam.com

604-773-3940

 

 

 

 

 

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Well, there’s another month flying by!

 

The weather isn’t looking spectacular for today’s events (and there are a great number of Neighbourhood Events happening)!

 

See the map for individual and Group events.

 

By the way, Ray Shepherd elementary is having their annual May Fair event to raise funds for the school.

 

 

 

Click on the Ray Shepherd logo below to get more info on the school event.


 

Ray Shepherd

 

 


 

 

 

Enjoy the bargains!

 

 

Click on our new logo to get to the map.

 

 



 

 

 

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Good Morning!

 

Here is this long weekend’s garage sale map. As is usually the case with long weekends, there aren’t as many sales as usual.

 

That means you should be able to find some great bargains at the ones happening!

 

 

Look next week for a huge Ocean Park Neighbourhood event, over 35 homes involved!

 

Stay safe this weekend.

 

 

Click the Queen for today’s map.


 

 

 

 


 

 

 


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WOW!
This has go to be one of the busiest weekends in a long long time!

 

Not only our own coordinated event in the South Meridian neighbourhood, but one in Summerfield as well, the annual Hall’s Prairie Country Fair (which includes a garage sale) a “Kids’ stuff” swap meet and numerous other events going on!

 

 

Don’t forget to stay hydrated today! And sunscreen, wear your sunscreen!

 


 



Please feel comfortable suggesting HudsonHomeTeam in your Real Estate conversations.

 

 

Here’s the link to todays (3 pages) maps.

 

 

 

 

 

 

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This Saturday we have coordinated a Neighbourhood Garage Sale Event for the McNally Creek area, also known as South Meridian in South Surrey. 

 

 

The event starts at 9am and will run until 2pm or at the discretion of the individual hosts.

 

 

More information can be found on our LocalGarageSales.ca website.

 

 

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Wow! May already!

 

We have some Neighbourhood events coming up in the coming weeks, including an event in the McNally Creek/South Meridian Neighbourhood.


Today we would like to highlight the annual Semiahmoo Secondary School Dry Grad Garage Sale at the school(it’s on the map).

 

Click on the SemiDryGrad image to go to today’s map. And remember, we need you to send your friends and family our way when the topic of Real Estate comes up!

 


 


 

 

 


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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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Vancouver, BC, Canada / News Talk 980 CKNW | Vancouver's News. Vancouver's Talk
Matt Lee

It appears the province has no plans to slow down the growth happening in some Surrey neighbourhoods.

It comes even after school trustees passed a unanimous motion on Thursday calling for a halt in development.


Province not biting on Surrey school trustees' bid for moratorium on development

 


The motion tabled by Laurae McNally suggested provincial funding for new schools isn’t keeping up with the pace of population growth in the fastest growing city in the province.

That’s why they called on the city to halt the development happening in the Clayton, Grandview/South Surrey, and Newton areas.

But education minister Mike Bernier is singing a different tune.

In a statement to CKNW, Bernier says he understands the challenges facing the school district, but hints at major projects already being underway with more slated to come.

He says as the city moves forward, Surrey and other districts experiencing similar growth will be a priority for future capital investments.


 


 


I understand the challenges Surrey has and I’ve discussed them with the board when we met a few months ago.
My Ministry is working closely with the Surrey district to find ways to deal with the intense pressures from growth.
As we move forward,  Surrey and other districts experiencing growth will be a priority for future capital investments.
There are several major projects underway and more slated to come –  the new Clayton North Secondary and additions to three elementary schools are under way – projects worth $64.6 million.
These projects will create 1,870 spaces for Surrey.
Since 2001, we’ve invested more than $337 million for 55 capital and seismic projects, and 12 site acquisitions in Surrey.
Last year we completed Goldstone Park and Katzie elementary schools, and additions to Fraser Heights and Panorama Ridge Secondary. These projects, worth a total of $44.2 million, created 1,160 spaces for elementary and 500 secondary spaces in Surrey.


Earlier in the school year we had the opportunity to experience one of the Semiahmoo Music Society's various concerts. While we had heard great things about the school music program, we were blown away...

 

 

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Renee Bernard
Posted Apr 22, 2016 9:44 pm PDT

 

SURREY (NEWS 1130) – The Surrey Board of Education is making an unusual move in dealing with overcrowded schools.

Trustees are asking the city to temporarily halt new development in three neighbourhoods.

“At the moment we are in a crisis. This is the worst I have ever seen it on the board,” says Laurae McNally, a 30-year veteran of the board, who spearheaded the motion directed at the city.

The board wants the city to “temporarily suspend all new development approvals in the Clayton, Grandview/South Surrey and South Newton regions until the Surrey School District receives adequate provincial capital funding to support the many new students in these regions.”



“We have 275 classroom portables, which we have to pay for out our operating budget. We have four high schools on extended days,” McNally explains.

Plus, a couple of schools need to run five kindergarten classes to meet demand.

“The $4 million a year that the portables cost us is the equivalent of 50 teachers that we could put in our system.”

She says teachers, students and parents have been very patient but they are getting very tired of the situation.

“Everybody wants to see a light at the end of the tunnel.

 


 

Earlier in the school year we had the opportunity to experience one of the Semiahmoo Music Society's various concerts. While we had heard great things about the school music program, we were blown away...

 

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