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GARBUTT + DUMAS REAL ESTATE TEAM
630 Fifth St
New Westminster, BC, V3M 2X9
604.805.3115
info@gdrealestate.ca




James Garbutt

Meet Monica Harmse!

Meet Monica!

James Garbutt interviews our newest team member Monica Harmse. We’re excited for you to get to know her, watch the video below! And learn more about her here.

 

 

 

 

What’s hot in Greater Vancouver real estate

What’s hot in Greater Vancouver real estate? And what’s not? We’re well into the new year, we’ve settled back into familiar routines. It’s time for a little market analysis and look ahead to the coming months.

Snow and ice. A media feeding frenzy. Changes to the mortgage rules. The foreign buyers’ tax. The usual post-Christmas lull. It’s all added up to a of uncertainty, and a “lukewarm start” in the Greater Vancouver real estate market.

Sure, sales are down 39.5 per cent from last January. And there’s 9.1 per cent more listings.

But the market is stronger than it may appear.

Condos and townhouses are what’s hot in Greater Vancouver real estate

In fact, condos and townhouses are hotter than ever! They’re still selling at peak prices. They’ve been virtually unaffected by the legislative changes, or skittish buyers. We’ve already had a few recent sales that were 5-10 per cent above last summer’s spike.

Quite simply, there’s more demand for condos and townhouses for sale than there is supply. It’s the first time I can recall condos being hotter than houses.

So, if you’re looking to purchase a condo, don’t expect to find a deal. You’re going to have to jump when the right one comes up because there’s no sign they’re going to slow down in the short term.

If you’re selling a condo, it’s a great time. The provincial government’s new loan program to help first-time homebuyers with their downpayment is already driving demand. Many of those buyers are shopping for condos.

Houses are what’s not hot in Greater Vancouver real estate

The market for detached houses, on the other hand, is still cool. Especially for houses worth more than $2 million. Currently, there’s 240 of those listed for sale in Burnaby, New Westminster and the Tri-Cities. But only seven have sold.

Then again, only seven such homes sold in all of 2010.

Also feeling the pain are land value listings as builders hold off, hoping to score a deal. Difficult properties such as those with weird layouts or ones located on busy streets are presenting challenges as well.

Overall, their prices are discounted 5-10 per cent, and sometimes even as much as 20 per cent, from where they were last summer.

That’s not great news for sellers. If you’re looking to sell a high-end detached home, it might be best to hold off a little longer if you’re able; I expect the market will rebound 5-10 per cent by the time the weather warms up.

For buyers, there may be some opportunities to score a deal that would have been unattainable last summer. You could do especially well if you’re willing to throw a little sweat equity into the mix by buying a home that needs some renovation.

Of course, what’s hot in Greater Vancouver real estate, and what’s not, is always evolving. The fact remains, this is a desirable place for people to live and invest in real estate, and the general trend for property values continues to increase over time. It’s all about where and when you want to jump into or out of the market. Spring is just around the corner; traditionally that’s a busy time of year whether you’re selling or buying.

#304 290 Francis Way, New Westminster (The Grove – Victoria Hill)

  

The Grove at Victoria Hill – 2 Bed, 2 Bath, 951 SF West Facing unit overlooking the inner courtyard with Large Balcony. Very Quiet and surrounded by Greenspace this unit features a very spacious & open Living/Dining/Kitchen Area. Gourmet Kitchen with stainless steel appliances, lots of cabinets & island. Ideal Floorplan with two bedrooms located on opposite sides of the living room, Master Bedroom has walk-through closet leading into a Full Bathroom. Great Amenities at the Boiler House: Gym, Theatre, Study, Party Rm/Lounge, Outdoor Basketball Court. Central Locations, steps to Queens Park, 15min walk to Skytrain or 10 min Bus. Won’t last! Must See!

Virtual Tour

MLS Feature Sheet #304 290 Francis Way

 

SOLD! 5939 188th St, Surrey (Cloverdale)

Well Kept Home in a Great Cloverdale Hilltop Neighborhood! Home has 3 bedrooms & 2 Bathrooms upstairs, 2 Bedrooms & 1 bathroom downstairs, 2 Kitchens, suite (not currently rented out). Over 2500 sqft of living space with 2 car attached garage (additional uncovered parking as well) and a HUGE fully fenced west facing backyard, all situated on a large 7799 SF lot! Newer updates incl: high efficiency furnace (2006), hotwater tank (2010), roof (2007), gutters & downspouts (2007), paint (2012), new balcony (2011). Excellent floorplan: Spacious & open Family/Kitchen/Living/Dining area on the main. Enjoy the large balcony off the Kitchen leading onto a brick patio and spacious yard. Steps to Sunrise Ridge Elementary & Public transit.

For complete listing click here.

MLS Feature Sheet 5939 188th St

SOLD! #117- 225 Francis Way, New Westminster (Whittaker- Victoria Hill)

Whittaker at Victoria Hill – Stunning 875sq. 2 bedroom, 2 bath corner unit. Built in 2010 & under warranty. This suite features a HUGE private patio, laminate flooring, gourmet kitchen with granite counters, stainless steel appliances and lots of cabinets. Located just steps to Queens Park and a 10min walk or quick bike ride to the Columbia Skytrain Station. Impressive amenities at the Boiler House which features a huge gym, lounge area, reading area, media room, meeting room & basketball court. 1 parking stall included. Rentals allowed & pets allowed with restrictions. Centrally located in New Westminster’s Victoria Hill master planned community. Close to shops, schools & the Quay

For complete listing click here.

MLS Feature Sheet 117 225 Francis Way

 

SOLD! #3204 240 Sherbrooke St, New Westminster (Copperstone)

 Copperstone at the centre of the Lower Mainland. This immaculate 2bedroom 2bathroom NorthWest 1034 square-foot corner suite includes: laminate flooring, crown mouldings, stainless steel appliances, upgraded paint, lights and fixtures, in-suite laundry, security system, and more. Sit and enjoy the afternoon sun on the private covered 9’x11′ balcony. Spacious living areas and open floor plan. This unit faces NorthWest onto the quiet treed courtyard with a glimpse of the mountains. Steps from the trendy Sapperton area that boasts a Thrifty’s (open 24hrs), Starbucks, shops, bistros, boutique gift shop, spa, and bakeries… Close to freeway access and only a 3 minute walk to the skytrain. Built in 2008, 2-5-10 warranty, 2 parking, 1 locker, Pets & Rentals Welcome.

For complete listing click here.

MLS Feature Sheet 3204 240 Sherbrooke St

University Drive, North Surrey

PENTHOUSE – TOP FLOOR, North West Corner Unit, 2 Bed – Den (Could be 3rd bedroom) with 10′ Ceilings (Living Room), 2 Large Balconies and PANORAMIC VIEWS from North Shore Mountains & Fraser River, all the way to the Gulf Islands. This suite is very well kept and it has the best layout & view in the building! It features a great floor plan, large living/dining room area, gas fireplace in the living room, large master suite with plenty of closet space & spacious ensuite, and in-suite storage. 2 Parking Stalls & 1 Storage Locker Included. Great location! Just 1 block from Gateway Skytrain Station and close to grocery shopping and all amenities. Must See!

MLS Feature Sheet #2202 10899 University Drive

SOLD!! #408 -275 Ross Drive, New Westminster (Victoria Hill)

THE GROVE at VICTORIA HILL – West Facing TOP FLOOR 2 Bed, 2 Bath, 933 SF Suite, with Vaulted Ceilings, open floor plan and balcony. This suite is in immaculate condition. It features laminate flooring in the living/dining room, spacious kitchen with lots of cabinets (granite coutners & stainless steel appliances as well), in-suite laundry, bedrooms on opposite sides of the living room (and both have plenty of closet space), & bathrooms have granite counters as well. This suite includes 2 Parking Stalls & 1 Storage Locker. Excellent Amenities at the BOILER HOUSE including: Gym, Theatre, Study Area, Lounge, Basketball Court. Steps to transit Close to Skytrain, Queens Park & Shops. Rentals allowed & Pets Allowed with Restrictions

For complete listing click here.

MLS Feature Sheet 408 275 Ross Dr

#509- 14 East Royal Ave, New Westminster (Victoria Hill)

Victoria Hill – TOP FLOOR 2 Bed, 2 Bath, 903 SF Suite with VAULTED CEILINGS & large Balcony facing North-West. This unit is in immaculate condition, it features many upgrades including: Stone Fireplace & New Mantle, New Window Screens, New Blinds, Ceiling Fans, New Hot Water Tank, New Lighting in Kitchen & Dining Room & ‘California Closet’ Shelving in the Master. Great floorplan, open concept Kitchen/Living/Dining Area. Kitchen Features plenty of cabinets, granite counters & Stainless Steel appliances.
Building Amenities includes: gym, Games Rm, Reading Area/Lounge & Guest Suite. Excellent Location,Surrounded by GreenSpace, close to transit, shopping & Queen’s Park. 1 Parking & 1 Locker Included. LOW STRATA FEE! Must See!

For complete listing click here.

MLS Feature Sheet 509 14 E Royal Ave

#54- 245 Francis Way, New Westminster (Glenbrooke- Victoria Hill)

GLENBROOKE TOWNHOME -End Unit, Over 1600SF, 3 Bed (Up), 3 Bath with 2 Car Tandem Garage PRICED UNDER TAX ASSESSMENT, Partial River & Mountain View. Fronts on to Francis Way (Facing West), Enjoy the 3 Balconies & 1 Large Ground Level Patio, Open Concept Main Floor, Large Tandem Garage with plenty of Storage Space, Built in 2007 by Onni Group. Home feature Granite in Kitchen & Bathrooms, Engineered Hardwood Flooring on the Main, Living Room with Electric Fireplace, Spacious Kitchen with lots of cabinets & Stainless Steel appliances. Large Master Suite with Walk-In Closet, Ensuite & Private balcony. Excellent Amenities at the Boiler House Including: Gym, Theatre, Study Area, Lounge/Party Area, Basketball Court. Must See!

For complete listing click here.

MLS Feature Sheet 54 245 Francis Way

 

8015 Reigate Rd, Burnaby (Burnaby Lake Area)

Immaculate Home on quiet Reigate Road in the highly sought after Burnaby Lake area. Truly a one of a kind, this home boasts 4880 SF on 3 levels & has stunning PANORAMIC VIEWS of Burnaby Lake, Burnaby Mountain & North Shore Mountains. Enjoy watching breathtaking Sunsets from your wrap around upper-level balcony or lower level balcony (off the rear) or enjoy the morning sun from South-East facing front balcony. This home has 7 Bedrooms (4 Upstairs, 1 Main, 2 Downstairs), 4 Bathrooms, 2 Kitchens, Large Rec Room, Ground Level Walk-Out Basement, Private Backyard (well landscaped), 3 Fireplaces & great floorplan. Extensively renovated with new carpet, new light fixtures, new paint, new linoleum flooring, and new vinyl deck covering (all premium quality). Must See!!

For complete listing click here.

MLS Feature Sheet 8015 Reigate Rd

#603- 70 Richmond Street New Westminster (Governors Court)

Governor’s Court – Private 1159 SF Garden Facing 2 Bed, 2 Bath suite with 2 Large Balconies facing South West Overlooking a private Greenspace/Garden. Great Floor Plan, Open Concept Kitchen/Dining/Living room, Huge Master Suite with Walk-In-Closet and private Balcony, lot of Natural Light (facing South). Updates incl: New laminate flooring in kitchen, new dishwasher, new hood fan for stove, new ceiling fans/lights, new carpet and new faucets. Also Rainscreened w/ new Roof and new carpet in common room! main Fee incl: Hot Water & Gas (Fireplace). No Rentals Allowed. Age Restriction 45+. Great Location Close to transit, shopping & new Brewery district. 1 Parking & Storage Incl. Extra Parking can be rented from strata for $30/month.

For complete listing click here.

MLS Feature Sheet 603 70 Richmond St