maple ridge / pitt meadows aug 21, 2015 real estate weekly
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REW.ca » MAPLE RIDGE / PITT MEADOWS » FRIDAY AUGUST 21, 2015 1•
R E A L E S T A T E W E E K L Y
MAPLE RIDGE PITT MEADOWS FRIDAY, AUGUST 21, [email protected] • 604-435-7977
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Vancouver Real Estate Pricey But Not
Overvalued: CMHC
Rent-to-Own:A Re-Emerging Win-Win
Housing Strategy
Ask the Expert: How Long Should
My Mortgage Term Be?
As prices in urban centres like Vancouver continue skyrocketing, the allure of the full-time vacation lifestyle
is gaining traction with an ever more diverse group of buyers. According to the 2015 Re/Max Recreational Property Report, 20 per cent of British Columbians would downsize their main residence to purchase a cottage. Now, some homeowners are carrying this trend one step further – cashing out of their primary city residence and using the equity to live full-time, often mortgage-free, in their vacation home.
Great Choice for BoomersJames Askew, president of rareEarth
Project Marketing, believes baby boomers will continue to drive the trend of transform-ing a summer vacation property into a four-season home.
But wherever that recreational property, this discerning market want something more than a bare-bones roof over their heads. “As boomers approach the age of retirement, they’re looking for upscale, maintenance-free living that still off ers access to the ame-nities of town.”
For Albertans, he says, that’s often the Okanagan – where increasing numbers of daily WestJet fl ights make it easy to get back for visits with friends and grandchildren in Calgary or Edmonton. Vancouverites who enjoy the relaxation of ferry travel might choose the deals found in locations like the Sunshine Coast or Gulf Islands.
Lifestyle Choice for Young FamiliesHowever, it’s not just retiring baby boom-
ers making this leap – it’s an increasing trend among families with children too. Laurie and Carle Proskin, both successful home-based business owners, are one couple who took the plunge and have never looked back. After enjoying their $500,000 cottage at Cultus Lake in Chilliwack as a vacation retreat for almost fi ve years, they realized it off ered a better, more cost-eff ective, full-time life than their $2 million-plus, single-family house in Vancouver.
“It’s a better lifestyle for our two kids and a more social one for us,” Laurie says. “Our children are always outside riding their bikes, playing with other kids, or going down to the lake.”
She sees plenty of ongoing fi nancial ben-efi ts too. “We don’t have to pay for parking any more – that still astounds me. And because there are so many activities for the kids, I spend way less on entertainment – they’re relearning how to make their own fun.”
Their neighbours, Maureen and Marc Hollaar, are also concrete jungle transplants. Maureen admits that initially the idea of pay-ing more than $200 a month on strata fees was a stumbling block. “But when you con-sider the amenities – pool, gym, clubhouse – it works. We have a 1,700-square-foot, three-bedroom-and-loft home with a cost of living that’s signifi cantly less than the city. Plus when the kids are grown up, if we want
to travel for half the year, we can easily rent it out.”
Taking a Gradual ApproachVince and Kathy Taylor are taking a more
staged approach to moving full time into their lakeside property near Squamish. “We were spending increasing time there, so we decided to try it for a year,” Vince explains. Now almost half a year into the experiment, the allure of outdoor living has lost none of its sheen.
“And typically it still takes less time to drive to our Vancouver offi ce than if we were living in Langley or Abbotsford.”
Another retiree, Constantine Anastasopoulos, saw opportunity in the Okanagan. “Yes, living in Yaletown was exciting,” he says. “But now I live in a newer home priced considerably lower than Vancouver. Plus my partner can ride horses again – you can’t do that in down-town Vancouver. We bought a couple of years ago when prices in the Okanagan were in a lull, so it’s been a good invest-ment as well.”
The Relaxation Quotient Ultimately, buyers and industry ana-
lysts alike agree that embracing rec-reational property as a full-time home is about a more relaxed way of living. “People are making a conscious decision to have a more social, engaged lifestyle,”
says Steven Van Geel, sales director for Cottages at Cultus Lake and Creekside Mills at Cultus Lake. “They want to live where they can feel safe letting their kids out to play with friends and where they know their neighbours.”
“I think people are missing the sense of community you fi nd in a vacation commu-nity,” says Maureen. “So many of our friends tell us they’d love to live here full time… and we are.”
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Year-Round Vacation Living: All About the Lifestyle
•2 REW.ca » MAPLE RIDGE / PITT MEADOWS » FRIDAY AUGUST 21, 2015
Jim Isherwood604-250-7755
Nicole Isherwood604-467-5000
11933-224 Street, Maple Ridge • 604-467-5000
$237,900, No GST
CASCADA#101 - 11566224th Street
Maple Ridge
• Perched above the mighty Fraser River• Spectacular waterfront and mountain views• 2 bedrooms - large patio/yard area• Quartz countertops and stainless steel appliances• Walk to West Coast Express
$599,800• 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
$604,900• Larch Avenue Heights in Rock Ridge• This 2 storey plus basement home has 4 bedrooms,
Fraser Valley views, maple kitchens with large island, quartz countertops in bathrooms also, tile and engineered hardwood fl ooring.
• Come choose your own colour scheme. 10 Year Warranty and unfi nished full walkout daylight basement.
13309235A Street
Maple Ridge
$459,900• Townhome with views of Fraser Valley• 3 bedroom, 4 bathroom with superior fi nishing
throughout• Spacious great room leads onto large covered sundeck• Fenced yard & fi nished basement• Double garage• No strata fees!
23574Larch Avenue
Maple Ridge
$229,900• NO GST & move in immediately• Tremendous value on this Just Like New 1 bed & den• Unit is completely south facing & offers spectacular
undisturbed water views• Quartz countertops & stainless steel appliances• Just short walk to W.C. Express, riverfront and town
CASCADA#207 - 11566224th Street
Maple Ridge
12580Garibaldi St.
Maple Ridge
RECREATIONAL LOT
10156Mountainview RdLot 39Mission$158,000
• On city water near Hatzic Lake• Currently has older Lindel A frame home in rough
shape, may be possible to lift & build a new foundation• Located on the Hatzic slew that leads into the lake• New building codes state that new builds must be
raised 7 feet due to fl ood plain area• Very peaceful location
www.dexterrealty.com
604-689-8226 Yaletown
604-336-3539 Main Street
604-263-1144 KerrisdaleTaking our
Listings Global
JUST LISTED! $858,888 Almost 9 acres of beautiful gen-tly sloping land located in the agricultural land reserve with stunning tree lined views of the Fraser River. Extremely low taxes! First time on the market in 72 years. Build your dream home or enjoy the benefi ts of a hobby farm. 9644 256th ST.Tyrone Robinson 778-863-7973Courtney Otto 604-351-0278
Stan Wiebewww.StanWiebe.com
Paul Wiebewww.PaulWiebe.com
Offi ce: 604.859.2341 ■ [email protected] ■ Direct 604.308.1518
Little Oak Realty#9-2630 Bourquin Cres., Abbotsford
Stunning log home set on 26 acres in Steelhead, on the West side of Mission. There is also a log guest cabin, log workshop with upper studio, extensive outdoor decking and a lake. For full details go to StanWiebe.com to see 36 pictures, 6 virtual tours and fl oor plans.
13594 Sabo Street, Misson$2,000,000
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Brookside RealtyChad August
604.318.5254604.318.5254WWW.CHADAUGUST.COMWWW.CHADAUGUST.COM
1442 Rhines Crescent$794,900$794,900
JUST SOLD
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V1134844V1134844
11566 224th St.
$1,250,000$1,250,000
V1125658V1125658
• 2 houses, Main house 3600sq ft rancher • Huge 25x28 garage • Over 4 acres of land • Your own personal lake
2 HOUSES ROOM FOR THE WHOLE FAMILY2 HOUSES ROOM FOR THE WHOLE FAMILY
13665 McKercher Dr.$869,900$869,900
V1129097V1129097• Brand new 2 storey + bsmt• Exceptional Views • Only the best in custom
design and fi nishing • Ready Late Summer
#319 12238 224th St.$183,900$183,900
V1127008V1127008• 3 PARKING STALLS• 1bed + den (could be 2nd bed) • Investor friendly• Close to town centre
• 2 bed + den approx 1000 sq.ft. • Beautiful Views
• 2 bed + den approx. 1,000 sq.ft. • Huge over 500 sq.ft. patio203 12069 Harris Rd. $349,900
703 12079 Harris Rd. $349,900
NEW LISTING!NEW LISTING!
Immediate occupancy
- $179,900 1 bed 734 sq ft, large patio
#102
- $229,900 AMAZING WATER VIEW 1 bed & den
#207
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#101
25915 124th Ave. Maple Ridge
REW.ca » MAPLE RIDGE / PITT MEADOWS » FRIDAY AUGUST 21, 2015 3•
19201 66A AVENUE, SURREY(corner of 192 Street & 66A Avenue)
*Purchase a One92 home before August 31, 2015. This promotion is not to be combined with other promotions. See One92 Presentation Center staff for all details.
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CottAges from $199,900Open House 11am-4pm Daily
53480 BRIDAL FALLS ROAD, BRIDAL FALLS 604.745.4104
This is not an offering for sale. Such an offering can only be made with an information statement. E.&O.E.
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•4 REW.ca » MAPLE RIDGE / PITT MEADOWS » FRIDAY AUGUST 21, 2015MAPLE RIDGE • PITT MEADOWS (INCLUDES MISSION LISTINGS)
R E A L E S T A T E W E E K L Y
Looking for a newhome? Start here.
F R I D A Y , A U G U S T 2 1 , 2 0 1 5
I n P r i n t > O n l i n e > I t ’ s A l l H e r e
Brio: Tsawwassen Urban Living at its Best When a new condominium project
came across recently retired Delta Fire Department deputy chief Rob Cullen’s desk, he was intrigued. Then, when he and his wife Debbie viewed the show home at Brio, they were instantly sold.
“I just retired after 37 years and we were ready to downsize,” says Cullen. “In addition, it is only two blocks away from our daughter and grandson’s home … it’s a win win.”
After more than three decades living in their large North Delta family home, the couple is ecstatic about all of the positives condo living is going to aff ord them.
“I’m really looking forward to the idea of not having to mow the lawn anymore,” he says with a chuckle. “For my wife, she is thrilled about having a brand new home … especially the gorgeous kitchen.
She hasn’t had new kitchen appliances in more than 30 years.”
The couple bought a west facing 1,100-square-foot, two-bedroom, two-bathroom home on the top level.
“The homes are beautifully built and close to absolutely everything we love – especially our wonderful grandson,” says Cullen, adding they look forward to the turnkey lifestyle that will aff ord them weeks of camping with their family.
The couple’s excitement has been echoed over and over again by those who have already bought.
“Many buyers tell us they love the loca-tion,” says Doug Lucier, sales and market-ing manager for the Extol Developments project. “First and foremost the loca-tion is perfect, centrally located in Tsawwassen yet on a quiet street.”
In the heart of one of the most sought-
after neighbourhoods in Delta is where you will discover Brio, a boutique four-storey wood-frame building featuring a stunning collection of 58 one-, two- and three-bedroom homes ranging from 687 to 1,887 square feet. Miles and miles of sun-soaked beaches, picturesque walking trails, great shopping and coff ee shops are minutes from Brio’s doorstep.
Brio off ers truly livable suite designs by the award-winning Portico Design Group – luxurious fi nishing touches and a level of aff ordability that appeals to all types of home buyers. The contemporary West Coast homes are distinguished by open interiors beautifully appointed with such features as engineered hardwood fl oors in the living, dining and kitchen areas, stainless steel appliances, quartz coun-tertops in the kitchens and bathrooms, generous nine-foot ceilings and oversized
balconies or patios. In addition, each res-idence is showcased by expansive win-dows allowing for lots of natural light and exteriors that include brick and Hardi sid-ing. Brio is also next door to everything urbanites need, including good schools, shopping, transportation, and more.
With more than 75 per cent of the homes sold and prices starting from $387,000 for a 1,040-square-foot, two-bedroom and two-bathroom home, these residences won’t last.
“There is still a great selection of two-bedroom homes to be had,” adds Lucier.
To view by appointment only at its new Sales Centre at Sutton Group Seafair, 1625 56 Street in Tsawwassen, call 604-943-8811 or visit www.brioliving.com. Occupancy is slated for winter 2015.