Market Update for Downtown New Westminster Spring 2012

May 2012 Market Update for Downtown, New Westminster:
Downtown is a thriving waterfront city that still has a great community feel. Cafes, Antiques, Restaurants, Shops, and the opening of New West Station Mall (Safeway, Shoppers Drug Mart, CIBC, and LANDMARK CINEMAS) will make Downtown a summer hot spot! 2 New Condo/Townhome developements (Northbank & Trapp+Holbrook) will only add to Downtown’s popularity.
Also the Grand Opening of Pier Park is on June 16th for more info click here
Here are the most recent MLS Stats from Jan. 2012 – May 2012.
Townhomes: 1 Sold
Average Sale Price: $255,000
Average Price per Square Foot: $269
Average Days on the Market: 11
Condos: 75
Average Sale Price: $320,000
Average Price per Square Foot: $360
Average Days on the Market: 38
Highest Sold Condo: $713,000
If you are looking at making a move in Downtown New Westminster please dont hesitate to call us.

May 2012 Market Update for Victoria Hill New Westminster.

May 2012 Market Update for Victoria Hill, New Westminster:
ONNI’s master planned community Victoria Hill is surrounded by greenspace and very centrally located to Downtown New West, Shops, School, and Parks. Here are the most recent MLS Stats from Jan. 2012 – May 2012.
Townhomes: 5 Sold
Average Sale Price: $563,500
Average Price per Square Foot: $314
Average Days on the Market: 15
Condos: 28 Sold
Average Sale Price: $356,300
Average Price per Square Foot: $413
Average Days on the Market: 49
Highest Sold Townhome: $640,000
Highest Sold Condo: $547,900
So far for 2012 we have sold 7 properties in Victoria Hill and have our 8th offer pending. If you are looking at making a move in Victoria Hill please dont hesitate to call us.
For more information about the surrounding area, amenities, and the development so far check out Onni’s Master Planned Community online here.

#204 3105 Lincoln Ave, Coquitlam

Welcome to this outstanding 2 bedroom 2 bath condo in Larkin House. Inspired by the architecture of Frank Lloyd Wright & Built by Polygon. Located in Windsor Gate: a master planned community in Coquitlam Town Centre. 848 sq. ft.  Bright, open layout granite countertops & stainless steel appliances in the kitchen. The Incredible 15,000 sq. ft. resort style Clubhouse: Nakoma Club features an impressive excercise centre, outdoor pool, jacuzzi, etc.  .You will love the Central location Within walking distance to shopping,transit, schools, parks, trails, community centre.

Government announces new HST/PST housing transitional rules

The government today announced the HST/PST transitional rules on new homes.
As the province transitions back to the PST, which will replace the HST effective April 1, 2013, measures to ease the HST burden on new home buyers include:

  • The BC New Housing Rebate threshold will increase to $850,000 from $525,000, so that more than 90% of newly built homes will now be eligible for a provincial HST rebate effective April 1, 2012.
  • The maximum rebate will increase to $42,500 from $26,250 effective April 1, 2012.
  • Buyers of new secondary vacation or recreational homes outside the Greater Vancouver and Capital Regional Districts priced up to $850,000 will now be eligible to claim a provincial grant of up to $42,500 effective April 1, 2012.
  • For newly built homes where construction begins before April 1, 2013, but ownership and possession occur after, purchasers will not pay the 7% provincial portion of the HST. Instead, purchasers will pay a temporary, transitional provincial tax of 2% on the full house price.

HST/PST transition rules will help ensure that whenever purchasers buy a new home they will all pay a consistent and equitable amount of tax, whether the home is built:

  • entirely under the HST;
  • entirely under the PST; or
  • partly under HST and partly under the PST.

The temporary housing transition measures will be in place until March 31, 2015. The tax only applies to homes where construction begins before the transition date and ownership and possession occur after.
REBGV successfully advocated for the following:

  • An increase in the threshold value of homes to be covered by the rebate;
  • An increase in the rebate amount;
  • An announcement of the transition rules for new homes as early as possible.

For more information, visit the BC Ministry of Finance at:

The Austin in Coquitlam – Coming Soon by Beedie Living

Rising a dramatic 19-storeys and surrounded by mature trees, estate homes and next to the private Vancouver Golf Club, these 133 homes will offer unparalleled 360 degree views from the 5th floor and above.
Ranging from Junior 1 bedrooms to the spacious, well-appointed penthouses of “The Heights Collection”, all homes will include efficient layouts, oversized windows, warm laminate flooring, quartz countertops, gourmet kitchens with stainless steel appliances, and most homes feature 2 outdoor living spaces.
Jr 1 Bedrooms from the $190’s
1 Bedrooms from the $260’s
2 Bedrooms from the $340’s
Townhomes from the $500’s
Important Information:
20% deposit with $5,000 due at time of offer, increased to 5% after 7 days.
1 parking stall included with every home. For “The Heights Collection” and the 3 bedroom townhomes, 2 stalls will be included.
1 storage locker included with every home.
Amenities include a fully integrated gym/yoga room, dynamic multi-purpose lounge with wet bar, guest suite and landscaped outdoor terrace with children’s playground, BBQ area and outdoor ‘living room’
Tentative completion is Spring 2014
Visit to view floorplans.

#33 245 Francis Way, New Westminster

Virtual Tour – #33 245 Francis Way, New Westminster

GLENBROOK AT VICTORIA HILL by ONNI. This Outstanding  1724 sqft 3 bed, 2.5 bath END UNIT Townhome is very privately situated at the back of the complex.GORGEOUS River & Mountain VIEWS. This impressive home features high ceilings on the main,new carpet, hardwood & lam. floors, beautiful kitchen cabinets, granite counters,stainless steel appliances, 3 decks, backard, spacious master bedroom w/large walk-in closet & luxurious ensuite, 2 car tandem garage + Bonus Media Room. FULL RAINSCREEN, remainder of 5-10 yr. warranty. LOW Maint Fees include: Outstanding Amenities at the “Broiler Room” Excercise Centre, Theatre Room, Study Area, Basketball Court, Lounge w/pool table. Excellent location. near Queens Parks, shopping, Transportation.


#205 801 Klahanie Dr., Port Moody

CONDO FOR SALE – #205 801 Klahanie Dr., Port Moody

Welcome to Inglenook in Polygon’s fabulous Klahanie Development in Port Moody. Surrounded by nature this 2 bed, 2 bath unit boasts 822 SF of functional & open living space. This suite features a large balcony, open living/dining room area, electric F/P, gas range in the kitchen, spacious master suite with W/I closet & a view overlooking the greenbelt & water. Outstanding amenities at the Canoe Club, which incl a 15000 SF clubhouse, tennis court, outdoor pool & hot tub, sauna, gym, media room, basketball court, guest suites & much more. Short walk to Newport Village & Suter Brook Village, & close to Westcoast Express. 2 side-by-side parking stalls & 1 large storage locker included!

#303 580 12th St, New Westminster (The Regency)

REAL ESTATE FOR SALE –  #303 580 12th St., New West

Welcome to The Regency. Pride of ownership abounds in this outstanding , bright  2 bedroom + 2 bathroom corner unit. Features include 9 ft ceilings, fireplace (gas & hot water incl in maint fee), large balcony & windows, insuite laundry,Beautiful new laminate flooring, spacious master, bay window with 180 DEGREE VIEW OF FRASER RIVER & MT. BAKER, lots of closet space, designer paint & more! Convenient location close to shops, schools, parks, skytrain, New River Market (Quay) & soon to open Movie Theatres & Civic Centres. Bonus! This unit comes with an extra large storage locker! Pets & rentals allowed with restrictions. You will love all that New Westminster has to offer. Call to view.


258 New Westminster

258 New Westminster

Introducing – “The 258”

The Lowest priced High-Rise in British Columbia with 2 Bedrooms from $238,900*

We promised to keep you in ahead of the pack with our information about the 16-storey concrete high-rise we are selling just steps from Queens Park! As more information arrives, we will continue to send it your way. The Developer has just now given us the go-ahead to release this initial information below and we wanted you to be the first to know about the “258”!

The 258 is the most affordable high-rise in New Westminster (and the Province) with 2 Bedrooms starting from an incredible $238,900…yes, $238,900…and yes, two bedrooms!

The 258 is an incredibly modern, 16 storey concrete high-rise featuring stainless steel appliances, granite counter-tops, laminate flooring, exceptional outdoor and indoor amenity spaces including media rooms, party rooms, sky terraces, BBQ areas and some of the most spectacular views in New Westminster!!


Views From 258 New Westminster (James Garbutt)*Views from the 8th floor

*The information above was obtained from Pilothouse Real Estate Inc.


#208 19388 65th Ave, Surrey (Cloverdale)

September 12, 2011 – Virtual Tour #208 19388 65th Ave, Surrey

Liberty – Outstanding 1051 sqft, 2 Bed+Large Den, 2 Bath SE facing Corner Unit with 2 Balconies and plenty of windows bringing in natural light.  This suite shows exceptionally well, some of it’s features include granite counters in the kitchen & baths, laminate floors, electric fireplace & designer paint throughout. Great Cloverdale location, just minutes to Downtown Langley and walking distance to Willowbrook Mall, Superstore & Restaurants. Clubhouse includes gym, kitchen, pool table, rec hall, guest suite.  2 side-by-side parking & 1 storage locker included. Rentals allowed and pets allowed with restrictions.