coquitlam / port coquitlam / port moody apr 3, 2015 real estate weekly
DESCRIPTION
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.TRANSCRIPT
COQUITLAM PORT COQUITLAM PORT MOODY FRIDAY, APRIL 3, [email protected] • 604-435-7977
R E A L E S T A T E W E E K L Y
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!
A common topic among real estate buyers is whether or not they should off er a price
that is much lower than the listed price. It’s an interesting concept, but one that is not without its pitfalls. Submitting an off er is one thing, but getting the off er accept-ed is another thing altogether. Let’s take a look at three diff erent factors to consider.
1) Be Certain You Fully Understand Market Conditions
In a market like Vancouver and
the Lower Mainland we are often
faced with an inevitable real-
ity – people really like living here.
Sellers are more than aware of
this, and are primed to take full
advantage.
Having a look at comparable
properties in the area that have
sold going back as far as two years
(or further) will give you a good
understanding of what the seller is
expecting. Maybe they’ve already
priced it low to encourage multiple
off ers or a quick sale? If that’s the
case, it’s likely they won’t even
submit a counter off er.
As real estate agents we are
very much held to account by what
the market will bear, and buyers
and sellers are not immune to this
either.
2) Make Sure You Are Willing To Negotiate
Starting will a low off er could be
considered disrespectful or a bul-
lying tactic. If that’s the case, why
not submit another off er slightly
higher if you don’t hear back from
the seller? If the goal is to get the
ball rolling on negotiations, being
fl exible can enhance the likelihood
of this occurring.
The #1 rule of real estate is to
not take things personally, so if
you plan of submitting an off er
that is substantially lower than the
listed price, make sure you off er
the seller something in return.
3) Your Offer Should Be As Clean As Clean Can Be
If price is your primary concern,
then the other subjects in the off er
should be valuable to the seller.
Is off ering a quick possession of
value? You never truly know some-
one’s motivation for selling – for
all you know this money could
be keeping a business afl oat or
needed to bail a family member out
of fi nancial trouble.
There is one thing that is con-
stant throughout the world, and
that is money makes it go round.
And cash is king! Use any superla-
tive you want, but quick money
can off er be a great thing to off er
a seller. Excluding the fi nancing
clause and off ering a large deposit
will let the other party know you
are serious and able to act quickly.
As a real estate agent in
Vancouver I personally prefer to
avoid lowball off ers, but a lot of
agents who work with investors are
more comfortable with this strat-
egy. It’s not my preferred way of
doing business, but at the end of
the day it’s always ultimately my
client’s decision whether or not
they want to submit or accept an
off er that is substantially lower
than the listed price.
More real estate advice from local Realtor Barry Magee at his website livinginvancity.com
Is Lowball Offeringa Legitimate Buying Strategy?
GO TOREW.CA /NEWS
TO READ THESE STORIESAND MUCH MORE REAL ESTATE
NEWS AND ADVICE
What It Takes to Win a Bidding War in a Competitive Market
Ask the Expert: Do I Really Need Mortgage
Pre-Approval?
Photo Gallery: Ten Very Special Renovated Vancouver Specials
•2 REW.ca » COQUITLAM / PORT COQUITLAM / PORT MOODY » FRIDAY APRIL 3, 2015
Top 1% of Realtors for 2014Top 1% of Realtors for 201420142014 2014201420142014 20132013
[email protected] [email protected] www.monettyler.com 604.763.4307604.763.4307
North ShoreNorth Shore
7 Alder Way, Anmore $1,255,000
#115-3176 Plateau Blvd. $325,000
TH4-2789 Shaughnessy St. $675,000
4980 Robson Rd, Belcarra $1,098,000
VIEWS
#139-1140 Castle Crescent $450,000
NEWLISTING
119 Parkside Drive $1,038,000
NEWLISTING
10 Hickory Drive $988,000
NEWLISTING
#6-300 Maude Road $538,000
NEWLISTING
16 Cliffwood Drive $1,238,000
NEWLISTING
#9-3445 Wilkie Ave, Burke Mtn. $638,000
#503-5611 Goring Street $528,000 23032 Bedford Trail $1,129,000
SOLDSOLD
SOLD
CONDO FOR SALE $398,600 103-270 Francis Way, New Westminster 2 bed + den, 1,049 sqft.A corner unit, this 2 bed plus den and 2 bath home offers not only a functional and efficient layout but also a private, outdoor green space to enjoy on those beautiful summer days with friends and family. The outdoor area will allow you to seat up to 6 people for dinner and still offer space to put a lounge chair out for those lazy week-ends when you just want to relax with nature. The 2 bedrooms are on either side of the living area allowing for privacy and the master bedroom has a large walk-in closet that will surprise you. Gorgeous custom cabinets have been built to match the open concept kitchen and provide more storage. This home is a perfect combination of outdoor and indoor space!
rennie.com
EXPERT Tri-City living �
GORDANA PLEMIC 604.230.6635 • [email protected]/gplemic
THIS COMMUNICATION IS NOT INTENDED TO CAUSE OR INDUCE BREACH OF ANY EXISTING AGENCY AGREEMENTS E. & O.E.
TRI-CITY REAL ESTATE EXPERT
community supporterIt is important to have a professional represent you in the purchase and sale of a home and look out for your best interests. Whether you’re buying your first home, moving up or downsizing, or looking for an investment, allow me to assist you through the process and provide the guidance needed to make the right decisions. Considering listing? I can provide a free, no obligation market evaluation for your home. If you’re looking, let me help you find the perfect home and make sure that you don’t end up paying more than it’s worth.
GORDANA PLEMIC
Sutton Group - 1st West RealtyAN INDEPENDENT MEMBER BROKER
604-942-7211www.sutton1stwest.com
YourExperienced
Local Realtors
12342 256TH STREETWEBSTERS CORNER, MAPLE RIDGE
13.7 acres on City Water! 234 foot frontage X 2573 feet depth. Agricultural land in RS-3 zoning allowing fl exible uses, to name a few as follows; agricultural, accessory produce sales, rental stable, hobby kennel, neighborhood daycare. Great investment for holding with rental house (house could use some handy work) ,start your own business venture. 2 bdrm & den Heritage style home with high ceilings, wood fl oors, gas fi replace. MLS #V1047333
For more information, please callSURP RAI 604-763-5263
$899,900
Glen Klassen604-220-4408
Lee Yau [email protected]
Surp Rai604-763-5263
John Panrucker604-230-7390
Ted Yeoh604-377-0186
Vivian [email protected]
Peter P.T. Chan PREC604-351-2833
REW.ca » COQUITLAM / PORT COQUITLAM / PORT MOODY » FRIDAY APRIL 3, 2015 3•
Brookside RealtyChad August
604.318.5254604.318.5254WWW.CHADAUGUST.COMWWW.CHADAUGUST.COM
Rivers Edge • 11580 223rd St.
WATERVIEWWATERVIEW
• 600sq ft - 1054sq ft • Amazing functional layouts• Some water views • Steps to W.C express and Water
www.lifeatriversedge.com
CONDOS FROM ONLY $159,000 - $299,900
20% SOLD
20210 121st Maple Ridge • NEW LISTING!
• Updated West Maple Ridge • 3 bed, 3 bath• South facing, private yard 2050 sq ft• Too many updates inside and out
$549,900$549,900 V1108756V1108756
19549 115B AVE. PITT MEADOWS
JUST SOLDJUST SOLD
V1108724$619,900
#702 - 12069 Harris Road
JUST SOLDJUST SOLD
V1108566$229,900
#20 19538 Bishops Reach
JUST SOLDJUST SOLD
V1109366$326,900
#19 19490 Fraser Way
JUST SOLDJUST SOLD
V1096281$524,900
1003 12069 & 1006 12079 Harris Road
2 LUXURIOUS CONDOS • Over 2000sq ft • Spacious Plans• Top Floor, Concrete and Steel construction
V1110580V1110580 AMAZING VIEWSAMAZING VIEWS
NEW LISTINGS • From $1,248,000NEW LISTINGS • From $1,248,000
V1110591V1110591
• WHY RENT at this Price • Immaculate condition,
like new • Small well run building
#402 22290North Avenue
V1112800$179,900$179,900
• 2 bed + den, 2 bath, 1000sq ft• Large patio, sides beautiful greenspace
OPEN HOUSE SUNDAYAPRIL 5th 1-3PM
V1106901V1106901$309,900$309,900
#203 12079 Harris Rd.
NEW LISTINGNEW LISTING
Helping you is what we do.™
Check out our OPEN HOUSES at www.brooksiderealty.ca $274,900
STONEHOUSE ESTATES• Recently Reduced!• 3 bedroom, 3 bathroom, 2
level townhome.• One of the largest and open
plans in the complex. Home has had some upgrades which include laminate and lino fl ooring, plus fresh paint.
• Stop by today to view!Randy & Tracy Delair 463-2991
$829,888
CHECK IT OUT!• Rare Opportunity, Classic,
World Class.• Custom Built Lodge Home.• Scandinavian Fully Scribed
Saddle Notch Craftsmanship & Construction.
• .42 Acre Nestled in the Very Desirable Private Silver Valley Area.
• $200,000 Cosmetic Face-Lift. • Living Space & Room for an
Extended Family.Randall Didiuk 604-377-7765
$334,500
NORTH PORT COQUITLAM• Brownstone style 2 level
Townhome. • High end fi nishings.• Open great room on main fl oor. • Good size bedrooms. • Very nice complex, walking
distance to all amenities.• 2 parking stalls INCLUDED. • This won’t last long!Pat & Shannon Drummond604-817-8664
$269,000
FABULOUS FRASERVIEW VILLAGE!• 1736 sqft of quality living. • End unit; largest, brightest,
cleanest & best location in the complex.
• Many upgrades. • Entertainment size deck off large
family room. • Access to swimming pool, hot
tub, games room, meeting & activity room
Rick Medhurst 604-463-3000
$375,000
DON’T MISS OUT!• Reduced!• Property is in rural setting. • Home has 4 bedrooms up & 3
bathrooms.• Lots of room in the partially
fi nished basement for 2 more bedrooms.
• Good barn with loft at rear of property.
• Property is great, house needs some work.
Rick Medhurst 604-463-3000
SHELTER FOUNDATION• We help more than 30,000
women and children each year.
• Let’s put abuse out of commission!
• The Royal LePage Shelter Foundation is Canada’s largest public foundation dedicated exclusively to funding women’s shelters and violence prevention and education programs.
“FOR OUR OPEN HOUSES VISIT WWW.DANNYANDCLAUDIO.COM”
Brookside Realty 11933 224th Street Maple Ridge
FOR THE “ON THE GO”409 12248224TH STREETONE BDRM + DEN
UBANO
• 765 sq. ft.• TOP FLOOR• Access to rec rm/gym• Secure parking• Short stroll to cafes• Walk to shopping• Minutes to W C Express
$189,000
3 BRDMS ~ 3 BATHS7 11534 207TH STREETWESTSIDE
BRITTANY COURT
• 1621 s. f. 2 level T/H• 3 bdrms ~ 3 baths• Blks from M R Golf Course• DOUBLE GARAGE• Crawl space for extra storage• Minutes to shopping• Close to W C Express
$359,0002 BDRM CORNER UNIT
113 19091 McMyn RoadMCMYN MEWS
PITT MEADOWS
• 2 bdrms PLUS den ~ 2 baths• 1121 s f corner unit• GROUND LEVEL• 9’ ceilings• PRIVATE garden patio• Walk to shopping• Walk to W C Express
$269,000
MEADOW LANES ESTATE49 12268 189 A STREETPITT MEADOWS!!
DOUBLE GARAGE!!!!
• 3 bed/3 bath• 1486 s f two level• 4’ dry crawlspace• DOUBLE GARAGE• 2 PETS ALLOWED• Walk to schools• Convenient location!
$369,000
EXECUTIVE ON GREENBELT!3 - 13887 DOCKSTEADER LPCUL-DE-SAC
GREENBELT VIEW!
• 4 bedrooms ~ 4 baths• 3543 sq. ft. 3 level• Soaring 20 ft. vault ceiling• Floor to ceiling rock F/P• Great room plan• Fin bsmnt with sep entry• ON GREENBELT!
$674,900
LOCATION, PRESTIGE23855 ZERON AVENUEVIEW INCLUDED!
NEW PRICE!!!
• 5 bdrms ~ 3 baths• 2757 sq. ft. on 2 levels• NICELY UPDATED!• GREAT PRIVATE BACKYARD!• Views of Fraser River• Minutes to all amenities• Short drive to W C Express
$559,900
CUTE & COZY STARTER!22162 121ST STREETCHARACTER!
WEST CENTRAL
• 910 s f starter home• Set on 9030 s f lot!• Hardwood/tile fl ooring• 20 x 22 WORKSHOP W/220 HAS WATER• blocks to downtown• Walk to shopping/rec• Short distance to W C Express
$499,000
STYLISH SPACES5 1395 MARGUERITE ST.BURKE MOUNTAIN
MARGUERITE LANE
• 3 bdrms ~ 4 baths• 3 level END UNIT T/H• 2018 square feet fi nished• ON GREENBELT• Rec room for movie nights• Fully fenced yard• Minutes to all amenities
$618,000
SPACE TO RAISE A FAMILY!10668 - 248A StreetHIGHLAND VISTAS
NEW PRICE!!
• 4 bdrms ~ 4 baths• 2171 s f 2 storey w/bsmnt• Great Room fl oor plan• Kitchen w/granite• Fully fences backyard• Minutes to schools, shopping• Short drive to W C Express
$509,900
SPACE TO RAISE A FAMILY!12249 McNutt RoadCITY WATER!!!
RURAL ACRE
• 3 bdrms + den ~ 3 baths• 2532 s f 3 level split• Rec room AND hobby room• Set on an rural acre• CITY WATER!!• Quiet and peaceful• Minutes to all amenities
$739,000
Jim Isherwood604-250-7755
Nicole Jackson604-467-5000
Brookside Realty
11933-224 Street, Maple Ridge • 604-467-5000
OPEN EVERY DAY 1-4PM, CLOSED THURS & FRI
STARTING AT $159,900 RIVER'SEDGE
11580 223 Street, Maple Ridge
• Only 51 amazing opportunities• Built with the highest & strictest standards of construction• Only the fi nest materials being used• Inside the best layouts in the market place with each sq.ft. maximized• Unbeatable location that offers spectacular riverfront dining, easy access to town centre and Port Haney Wharf• 3 years of maintenance fees• Buy with confi dence. Move in today!
$1,800,00013245 236th Street, Maple Ridge• Nearly 2 acres on city water• Not in the ALR & potential to rezone• New subdivision next door• Large 3 bedroom rancher• Beautiful attached greenhouse with a koi fi sh pond• Grounds have many mature trees & shrubs, a gardener's delight!
$599,80012580 Garibaldi Street, Maple Ridge• Very private 3 bed rancher on 2 acres• Bright kitchen, sep. dining & living room has double sided fi replace• Approx. 1 acre is fenced & landscaped w/2 road frontages on Garibaldi• 2 garden sheds & small barn w/fenced poultry area• Covered deck overlooks Kanaka Creek• 5' crawl space. Dbl garage
12006McIntyre Court,
Maple Ridge
$359,500• Cute 2-storey West Maple Ridge home• Located on quiet cul-de-sac & built with 2x6 construction• The hot water heating & woodburning fi replace will keep
those energy bills down• Many recent updates include a brand new roof, fl ooring,
appliances & hot water tank• Large bedrooms upstairs await your personal decorating ideas!
1211Seventh Avenue
New Westminster
$869,500• Lovely heritage style home built 1910• Fenced yard & covered front porch• Original beautiful fi r wood fl ooring• Beautifully renovated with all the modern conveniences• Chef's kitchen has custom dark cherry soft-close cabinets,
S/S appliances• Basement rec room has built-in speakers & sound-proof
walls. Must see!
NEW PRICE
$509,90013318 235A Street, Maple Ridge• Park-like settings & Fraser Valley views• 5 appliances, blinds• Heritage doors & baseboards • Gas fi replace• Quartz countertops and hardwood fl ooring• 10 year warranty + more!
•4 REW.ca » COQUITLAM / PORT COQUITLAM / PORT MOODY » FRIDAY APRIL 3, 2015
www.dexterrealty.com
604-689-8226 Yaletown
604-336-3539 Main Street
604-263-1144 KerrisdaleTaking our
Listings Global
633 BLUE MOUNTAIN $1,829,888
CUSTOMIZABLE TO YOUR TASTES!This home on a 10K+ sq. ft. lot features 6 bdrms and 6 bthrms, with two complete MBR suites. The main fl oor is perfect for entertaining and a growing family. It boasts 10ʼ ceilings, living room, dining room, family room, music room and the gourmet kitchen connects to a wok kitch-en, which seamlessly opens to a spacious entertainment patio with gas BBQ and fi replace. The basement offers 9ʼ ceilings, an open rec room with wet bar, media room and a 2 bdrm suite. You name it, this house has it!CLARENCE LOWE 778-883-0596
23888 117B AVE. $599,400
DESIRABLE COTTONWOOD LOCATIONFeatures elegant open plan living, enjoy a 6 bedroom 4 bathroom home located on a no-thru road! One block to Alexander Robinson school. Over 3,500 sq.ft. on a 6,716 sq.ft. lot, 2 storey home with fi nished basement. Cozy front porch, fully fenced backyard which backs onto greenbelt. Dramatic vaulted ceilings, formal dining and living room, great family home!CANDACE FILIPPONI 604-809-4403
SIMMY SANDHU604-897-5880
DEXTER ASSOCIATES REALTY
JUST LISTED! $299,000
UPDATED 2 BEDROOM, 2 BATHROOM CONDOUPDATED 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 AVENUE
Alex Donald604-626-9201www.alexdonald.ca I [email protected]
Harrison Hot Springs6315 Rockwell Dr $659,000
Harrison Lake semi waterfront,just seconds from the beach.Outstanding views of lake andmountains. This solid 3 bedroom,2 bathroom rancher, with large 2bay garage is on almost a half acre of land with lots of room for toys,boats and RV’s.
Sumas Mountain6432 Hyfi eld Rd $409,000
Build your dream home on thisprivate beautiful 16 acre lot. Thisis a breathtaking building site thatfeatures creeks, waterfalls, trails& is adjacent to crown land withaccess to the Trans Canada trail &Fraser River close by. Well in placeand has septic approval.
Port Moody#61 3295 Sunnyside Rd $385,000
Escape to the peaceful life ofAnmore’s Countryside Village.Build your dream home or give thisspacious mobile some TLC. This isone of the largest lots available at9187 sq ft and has been rezonedto allow permanent single familyhomes. Short walk to Buntzen Lake.
• 308 SALES AWARDS SINCE 1984 • REBGV LIFE MEMBER WESTCOAST
www. .com
48 Sales so far in 2015!
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!
CENTRAL COQUITLAM BEAUTY!1501 AUSTIN AVENUE
$1,138,000 BRIGHT & SPACIOUS CORNER 8540 sq ̓(approx. 70ʼx115ʼ) SOUTH FACING LOT at Austin & Schoolhouse St. Good looking custom built 2-level 4635 sq ̓ family home in SHOW HOME CONDITION. 8 bedrooms, 5-1/2 baths. 2250 sq ̓ MAIN FLOOR has 4 bedrooms, living, dining, family room & 2-1/2 baths. 2385 sq ̓GROUND FLOOR has 3-bedroom, 2-bath IN-LAW SUITE + 1-bedroom SUITE. QUALITY BUILT with 9 ̓ceiling & radiant hot water heating. 3-car garage + 4 OPEN PARKING at back. VIEW OF RIVER FROM UPSTAIRS.
1969 Bow Drive
Immaculate 1-owner home in beautiful River Springs! 3 bdrm, 2.5 bath with updated features throughout. Feels like new! Huge family room includes 65”screen surround-sound entertain-ment centre. Safe secure environment close to nature and transit. By appointment only.
Don’t miss this opportunity!
$533,800
SO
LD
SO
LD
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!
LOOKING TO BUY OR SELL A HOME?
REW.ca » COQUITLAM / PORT COQUITLAM / PORT MOODY » FRIDAY APRIL 3, 2015 5•
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
•6 REW.ca » COQUITLAM / PORT COQUITLAM / PORT MOODY » FRIDAY APRIL 3, 2015
THIS IS NOT AN OFFERING FOR SALE. ANY SUCH OFFERING C AN ONLY BE MADE WITH A DISCLOSURE STATEMENT. E. & O.E. SALES BY REGENC Y RE ALT Y LTD.
Sales Centre: 5099 Springs Boulevard, Delta | Open: Tuesday to Sunday 12-5pm 604.948.HOME (4663) www.TsawwassenSprings.ca [email protected]
Regency Realty Ltd
Only 15 m
ins to
nd & 30 mins to Vancouv
erl15m
ins to
nd & 30 mins to VaVVnco
uUS BOR DER
FER R IES
DOW NTOW N VA NCOU V ER
Y V R
THE BEST L IFESTYLE INVESTMENT
Our schools are some of the best, including numerous public schools and the expanded private school Southpointe Academy, offering grades K-12.
1-3 BDRM CONCRETE CONDOSStarting from $379,900
754 - 2100 SF
2-5 BDRM HOUSESModern West Coast Living
1300 - 3000 SF
TSAWWASSEN SPRINGS
REW.ca » COQUITLAM / PORT COQUITLAM / PORT MOODY » FRIDAY APRIL 3, 2015 7•
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*
F R I D A Y , A P R I L 3 , 2 0 1 5COQUITLAM • PORT COQUITLAM • PORT MOODY
R E A L E S T A T E W E E K L Y
Looking for a newhome? Start here.
I n P r i n t > O n l i n e > I t ’ s A l l H e r e
Despite the seemingly unstoppable rise in resale house prices in Metro Vancouver, the price of a newly built home in the city continued to drop in January this year, according to Statistics Canada fi gures released March 12.
New homes in the area fell 0.1 per cent com-pared with December 2014 and 0.6 per cent year over year, continuing the trend of recent months.
The New Housing Price Index also fell 0.6 per cent year over year and 0.1 per cent month over month across the whole of BC.
Victoria saw Canada’s biggest new home price decrease in January, dropping 1.5 per cent com-
pared with January last year, as well as 0.5 per cent since December.
Vancouver and Victoria were two of only eight metropolitan regions to report decreases in new home prices in January, out of a total of 21 areas surveyed.
The index combines both home and land val-ues. As in previous months, the above decreases in value were entirely attributed to developers reporting a drop in negotiated home prices, with land values remaining unchanged for several months.
Across Canada, the index increased 1.4 per cent year over year but fell 0.1 per cent month over month.
Calgary again reported the country’s biggest jump in new home prices in January, rising 5.1 per cent year over year.
Vancouver and BC New Home Prices Offer Buyers Increasingly Good Value