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Since 1978 Real Estate Weekly has been synonymous with outstanding coverage of the Greater Vancouver residential real estate market. Today, published with recycled newsprint from its own high-speed presses in Vancouver, Real Estate Weekly is delivered by British Columbia's largest courier force to over 450,000 homes across the Lower Mainland. A total of 11 separate editions comprise the Real Estate Weekly, each featuring homes for sale, new developments and quality editorial coverage of the housing industry and the communities. Real Estate Weekly, quite simply, lists more homes for sale from more Realtors than any other publication in British Columbia. Real Estate Weekly is the number one source for Lower Mainland residential real estate and the first choice of both homebuyers and Realtors for more than three decades.
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R E A L E S T A T E W E E K L Y
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GO TOREW.CA /NEWS
TO READ THESE STORIESAND MUCH MORE REAL ESTATE
NEWS AND ADVICE
RBC Contradicts CMHC over BC Home
Sales Forecast
Ask the Expert: Renegotiating Over Inspection Issues
Exploring the Benefi ts of
Reverse Mortgages
A Vancouver-based team of
researchers called Slow Streets
wants to shake up the way we
think about who and what streets are
for. Does our current model of road-
ways designed predominately for cars
make the best social and economic
sense? What if streets made slower
methods of getting places – like walk-
ing, cycling or transit – easier and more
attractive?
In a recent report, Slow Streets made
a strong case for the argument that
placing greater priority on “slower
modes” of transportation not only cre-
ates a higher return on investment but
also helps local businesses thrive.
Comparing Commercial Drive and
Union Street – now into its second year
with a segregated cycling lane buff ered
by car parking – the team uncovered a
wealth of data to support the idea.
Who’s on The Drive?Who’s on The Drive?The study began by examining who
is on The Drive and how they trav-
elled there. Data collected during three
observation periods (weekday after-
noon, peak evening and weekend after-
noon between September and October
2014) revealed that an astonishing 93
per cent of people visiting The Drive
had arrived on foot. A further 3 per cent
arrived on transit, with cycling and cars
accounting for 2 per cent each.
On average, 665 pedestrians passed
each observation point every hour but
almost three-quarters of them were
simply on their way to somewhere else.
The rest were either shopping or had
plans to meet with friends. Regardless
of why or how they came to The Drive,
though, people spent the majority of
their time walking on the sidewalk.
Only 65 cyclists per hour were willing
to risk the dangers of navigating a busy
road with no cycle lane.
In comparison, Union Street sees
289 cyclists per hour cycling and has
a signifi cantly lower noise level –
Commercial’s 76dB is like standing 15
metres from a highway while Union
is approximately the level of a TV or
radio.
Which begs the question, in a neigh-
bourhood that has one of the lowest
rates of car ownership, why not create
a more comfortable, secure sidewalk
experience on The Drive?
Good BusinessGood Business“One of the biggest surprises when
we looked at Commercial Drive was
that most of the people who spend
time there are on their feet,” says
Samuel Baron, one of the study’s four
authors. “But with six lanes of traffi c
and parking, it can become so crowded
it’s uninviting. Simply replacing two of
those lanes with protected cycle lanes
and widened sidewalks you create a
safer, more inviting environment for
pedestrian traffi c, provide opportuni-
ties for patios and other outdoor spaces
where people can socialize, all the
while enhancing the existing lively,
urban vibe.”
And while there’s long been a per-
ception that retailers in ground-orient-
ed shopping areas would suff er if park-
ing is removed, Slow Streets’ research
showed the opposite. In fact, about 20
per cent of Union Street area residents
who cycle said they stop (and shop) at
local businesses more frequently now
the protected cycle lanes have been
installed. Five out of seven businesses
on Union Street said implementing a
bike lane was good for Union Street and
have changed their minds for the better
about bike lanes in general. Four out of
seven said it increased their business.
“When you have people walking
and looking in shop windows, they are
much more likely to make spontaneous
purchases,” Baron notes, adding that
a related Portland study found people
who are walking or cycling spend more
per month at restaurants, bars and con-
venience stores than car drivers. All of
which means that slow streets are good
for people and good for business.
To check out the complete report,
visit slowstreets.wordpress.com.
IN VANCOUVER’S STREETS DRIVING CHANGE
BURNABY NEW WESTMINSTER FRIDAY, FEBRUARY 20, [email protected] • 604-435-7977
•2 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY FEBRUARY 20, 2015
• 306 SALES AWARDS SINCE 1984 • REBGV LIFE MEMBER WESTCOAST
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!
JASON SOPROVICHEXCELLENCE IN THE LUXURY HOME MARKET
604.817.8812
soprovich.com
Magnifi cent Heritage Residence in Buckingham HeightsOriginated in 1892, the ‘Wintemute House’ is Burnaby’s most historical residence offering a one-of-a-kind tranquil setting complete with magnifi cent grounds, stone walls, lush landscaping, Porte Cochere and 5-car garage. This magnifi cent heritage residence is situated on a large 1/3-acre property in the heart of Burnaby’s most sought after and prestigious ‘Buckingham Heights’neighbourhood. Featuring complete privacy and approximately 5,000 sq. ft. on three sprawling levels, the home offers impeccablequality and fi nishings of yesteryear and has been meticulously maintained with the utmost of care and attention to detail. The bright open fl oorplan features 5 spacious bedrooms upstairs including a sensational master with sitting area, four gleaming bathrooms, spacious living and dining rooms with roaring fi replace, high ceilings with crown mouldings, a wonderful kitchen and eating area, a cozy family/games room with custom woodwork and ceiling detail, a private study with signature fi replace, mullion-paned heritage windows, miles of wainscoting, an elegant formal entrance and rich hardwood fl ooring – all opening through French doors to a gorgeous sunfi lled wrap-around veranda. Additionally, the home offers a crescent driveway, full basement, ample storage and sizeable attic that can be used as an extra guest bedroom or playroom for kids. Minutes to all local amenities includingMalvern, Braemar and Buckingham Parks. This exclusive estate can be yours today! PLEASE NOTE - The home is designated under the Heritage Act with The District of Burnaby and requires City approval before any exterior renovations or demolition is executed.
7640 Berkley Street, Burnaby Offered at $2,198,000
1st Showing - Sunday, Feb 22nd 1:00 - 4:004714 Cedarglen Place, Burnaby
1,722 s.f. - $499,000
See you there!
• 306 SALES AWARDS SINCE 1984 • REBGV LIFE MEMBER WESTCOAST
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!
REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY FEBRUARY 20, 2015 3•
www.dexterrealty.com
604-689-8226 Yaletown
604-336-3539 Main Street
604-263-1144 KerrisdaleTaking our
Listings Global
$659,900
AMAZING CORNER UNIT- Highly sought-after SW corner unit at Metroplace- 2 bed, 2 bath w/ parking & storage locker- Great open space and views from every room! MUST SEE!#3507 - 6461 TELFORD AVE.SHERMAN K. LEE 604-762-4598
OPEN SAT 2-4PM $290,000
PEACE OF MIND PURCHASE868sq.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 re-place, 1 pkg stall & tons of storage. Lovely! #102-1690 AUGUSTA GROVE.EVELYN SINGER 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 ame-nities, 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!
The Go Team 604-263-1144
LORIPETTIGREW
www.YourRealtyDreams.com
604-649-7040
DEXTER ASSOCIATES REALTY
ALANYASIN
BRAND NEW VIEW HOUSEModern high-end luxury & VIEWS! Brand new 7 bedroom house on quiet cul-de-sac, balconies with fabulous views, air conditioning, quartz counters. 2-5-10 warranty. Desirable family neighbourhood close to Deer Lake Park and Metrotown mall. Call to view.
Alan Yasin / Lori Pettigrew
5837 DICKENS PL.
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.
SOLD
SOLD LOOKING TO
BUY OR SELL A HOME?
To assist you in making the best decisions, a professional Realtor canprovide 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!
www.dexterrealty.com
604-689-8226 Yaletown
604-336-3539 Main Street
604-263-1144 KerrisdaleTaking our
Listings Global
$659,900
AMAZING CORNER UNIT- Highly sought-after SW corner unit at Metroplace- 2 bed, 2 bath w/ parking & storage locker- Great open space and views from every room! MUST SEE!#3507 - 6461 TELFORD AVE.SHERMAN K. LEE 604-762-4598
OPEN SAT 2-4PM $290,000
PEACE OF MIND PURCHASE868sq.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 re-place, 1 pkg stall & tons of storage. Lovely! #102-1690 AUGUSTA GROVE.EVELYN SINGER 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 ame-nities, 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!
The Go Team 604-263-1144
LORIPETTIGREW
www.YourRealtyDreams.com
604-649-7040
DEXTER ASSOCIATES REALTY
ALANYASIN
BRAND NEW VIEW HOUSEModern high-end luxury & VIEWS! Brand new 7 bedroom house on quiet cul-de-sac, balconies with fabulous views, air conditioning, quartz counters. 2-5-10 warranty. Desirable family neighbourhood close to Deer Lake Park and Metrotown mall. Call to view.
Alan Yasin / Lori Pettigrew
5837 DICKENS PL.
•4 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY FEBRUARY 20, 2015
SMART HOMES JUST STEPS TO THE EVERGREEN LINE.
MOVE IN THIS SPRING.
NET GST INCLUDED!
CLARK
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SMITH AVE
COTTONWOOD AVE
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COMO LAKE AVE
BURQUITLAMSTATION SALES CENTRE + DISPLAY HOME
Burquitlam Plaza, 408 – 552 Clarke Rd., Coquitlam. Open Daily Noon – 5pm (except Fridays)
Limited time offer. Prices subject to change without notice. Please see our sales representative for further details and exact terms of this offer. E. & O.E.
604.492.0222 REGANSWALK.CAMarcon Regan Homes Ltd.
REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY FEBRUARY 20, 2015 5•
1708–55A STREET AT 18 AVENUE, TSAWWASSEN
CITYHOMESNORTHGATE.CA | 604.948.2345
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 no maintenance complete the lock-and-go lifestyle.
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OPEN SPRING 2015
•6 REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY FEBRUARY 20, 2015
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REW.ca » BURNABY / NEW WESTMINSTER » FRIDAY FEBRUARY 20, 2015 7•
LEARN MORE AT porte.ca/lift 604.320.3386
* GST promo is subject to restrictions, please see sales team for details. Pricing subject to change without notice. Sales by disclosure statement only, E&O.E. Proudly developed by
PRESENTATION CENTRE: 9350 University High Street, Burnaby Mountain. Open Daily 12–5pm (EXCEPT FRIDAYS)
MOVE IN NOW & SAVE THE GST*
FIN
AL3TOWNHOMES
FROM THE LOW $400S
VIEW OUR NEW
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DISPLAY
• GARDEN HOMES 972-1114 sq.ft., 2 bedroom townhomes with patio priced at $428,800 incl. taxes
• SKYHOMES 1044-1130 sq.ft., 2 bedroom townhomes with rooftop patio priced at $469,800 incl. taxes
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2-1114 sq.ft., 2 bedroom townhom428,800 incl. taxesSOLD OUT!sq.ft., 2 bedroom tsq.ft., 2 bedroom t
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F R I D A Y , F E B R U A R Y 2 0 , 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
RIVER WATCH - Waterfront Living at Its BestAs soon as Sara Aktary and her fi ancé
Frenchy heard about River Watch - Ladner’s premier waterfront condo
project – they knew they’d found their dream home. “It’s like living on the Mississippi river,” says Frenchy. “Every night, we have front row seats to the best sunsets. Our new friends are the wildlife that is right out our deck. We watch as eagles soar and salmon as they jump out of the water. It’s absolutely spectacular.”
Aktary adds: “We feel like we are living in a deluxe country resort and yet close to the city… It’s countryside living in the suburbs.”
This past June, the couple moved into their two bedrooms and two bathrooms home and they can’t stop gushing about it. “In the summer, we don’t even have the television on. We spend our time on the deck watching the boats go by,” both say.
“We have a water view from every room of our condo.”
Frenchy went on to say: “It’s a great community and we’ve made many new friends. We looked around and I can tell you that River Watch is the most aff ord-able waterfront living in all the Lower Mainland.”
Starting at $525,500 (includes the GST), River Watch sales manager Frank Becir agrees.
“Where else can you purchase a beauti-ful waterfront home in a tranquil setting starting this low?” he says, adding they often dine at their favourite local eatery, the River House Restaurant & Pub, which is steps away from their home.
Nestled on the banks of the Fraser River in Ladner and surrounded by parks and farmland to the south and east, River Watch Residences off er the
best of countryside living only 10 min-utes to Richmond, and 20 minutes into Vancouver.
Each morning, Sara and Frenchy wake up to sweeping views of the North Shore Mountains, Mt. Baker and the Fraser River. Fro sports buff , lace up your hiking shoes and head to the Millennium Trail, which off ers kilometers of walking/cycling trails that can take you to the scenic Deas Island Regional Park or Burns Bog.
River Watch is a four-storey Victorian-style building with distinctive red roof, white hardi-board siding and wrap around balconies as big as 796 square feet. This limited collection of 13 contemporary one and two bedroom homes – with only four, two bedroom suites (Including one pent-house) still available, range from 1049 square feet to more than 1332 square feet for the penthouse suite. They feature
nine-foot ceilings, electric fi replace and warm laminate wood fl ooring throughout the living area. The residences are also highlighted by large windows, gourmet kitchens with oversized Whirlpool stain-less steel appliances, quartz countertops, kitchen islands and in fl oor radiant heat.
River Watch is truly the best of urban living in a quiet, rural setting.
Act fast as there are only four homes remaining. With prices starting at $525,000 (includes GST) living on the waterfront can be a reality.
The River Watch Residences presen-tation centre, located at 6251 River Road, Ladner, is open Saturday and Sunday from 1 to 4 p.m. or by appoint-ment by calling Frank Becir 604-862-5731. For more information, you can email Becir at [email protected] or visit www.RiverWatchResidences.com.