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Open House. Open House on Sunday, April 28, 2024 1:00PM - 3:00PM

Please visit our Open House at 119 2551 PARKVIEW LANE in Port Coquitlam. See details here

Open House on Sunday, April 28, 2024 1:00PM - 3:00PM

Welcome FIRST TIME BUYERS, INVESTORS OR DOWNSIZERS to this BEAUTIFUL ground floor LARGE one-bedroom unit! Step into spacious living with the open concept design highlighted by the kitchen that seamlessly connects to the formal dining area. Enjoy the modern touch of newer wide plank laminate flooring, FRESH PAINT and upgraded bathroom fixtures. This unit boasts convenience with NEW WSHAER/DRYER and stainless-steel appliances. The GENEROUS master suite features a cheater door to the main bathroom. Step outside to the southern exposed covered patio for outdoor enjoyment. Amenities include exercise room, sauna, hobby room and party room. Close to the mall, Sky train station, cafés, restaurants, and Westwood Elementary. Don't miss out on this inviting home offering both comfort and style!

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New property listed in Promontory, Sardis

We have listed a new property at 27 46778 HUDSON RD in Chilliwack. See details here

Welcome to COBBLESTONE TERRACE! This luxurious 1,865 sq ft townhome features 4 bedrooms & 3 bathrooms. The gourmet kitchen includes granite counters, SS appliances, maple shaker cabinets, a beautifully tiled backsplash, large pantry, & breakfast bar. The main floor offers a versatile layout with a spacious rec room or second primary bedroom,2 piece ensuite & walk-in closet. Upstairs, you'll find 3 spacious bedrooms, including the Primary with a 4 piece ensuite and convenient laundry facilities. Downstairs offers a 4th bedroom & flexible additional room to suit your needs. Added comforts include central air, gas f/p, b/I vac & double garage with room for 2 more cars on the driveway. Enjoy the fully fenced yard, perfect for your furry friends. Close to all amenities, schools & Hwy 1.

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Open House. Open House on Saturday, April 27, 2024 2:00PM - 4:00PM

Please visit our Open House at 27 46778 HUDSON RD in Chilliwack. See details here

Open House on Saturday, April 27, 2024 2:00PM - 4:00PM

Welcome to COBBLESTONE TERRACE! This luxurious 1,865 sq ft townhome features 4 bedrooms & 3 bathrooms. The gourmet kitchen includes granite counters, SS appliances, maple shaker cabinets, a beautifully tiled backsplash, large pantry, & breakfast bar. The main floor offers a versatile layout with a spacious rec room or second primary bedroom,2 piece ensuite & walk-in closet. Upstairs, you'll find 3 spacious bedrooms, including the Primary with a 4 piece ensuite and convenient laundry facilities. Downstairs offers a 4th bedroom & flexible additional room to suit your needs. Added comforts include central air, gas f/p, b/I vac & double garage with room for 2 more cars on the driveway. Enjoy the fully fenced yard, perfect for your furry friends. Close to all amenities, schools & Hwy 1.

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Open House. Open House on Sunday, April 28, 2024 2:30PM - 4:30PM

Please visit our Open House at 27 46778 HUDSON RD in Chilliwack. See details here

Open House on Sunday, April 28, 2024 2:30PM - 4:30PM

Welcome to COBBLESTONE TERRACE! This luxurious 1,865 sq ft townhome features 4 bedrooms & 3 bathrooms. The gourmet kitchen includes granite counters, SS appliances, maple shaker cabinets, a beautifully tiled backsplash, large pantry, & breakfast bar. The main floor offers a versatile layout with a spacious rec room or second primary bedroom,2 piece ensuite & walk-in closet. Upstairs, you'll find 3 spacious bedrooms, including the Primary with a 4 piece ensuite and convenient laundry facilities. Downstairs offers a 4th bedroom & flexible additional room to suit your needs. Added comforts include central air, gas f/p, b/I vac & double garage with room for 2 more cars on the driveway. Enjoy the fully fenced yard, perfect for your furry friends. Close to all amenities, schools & Hwy 1.

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8 new housing policies announced in the 2024 federal budget

On Tuesday, April 16th, the Canadian federal government unveiled the 2024 budget. The annual fiscal announcement detailed dozens of new and ongoing initiatives aimed at creating new housing, along with policies targeted at making renting and home ownership more affordable for Canadians.

Here are eight standout housing policies announced in this year’s budget:

Canadian Renters’ Bill of Rights

More Canadians are renting for longer periods of time before they transition into home ownership. The 2024 budget announced several measures intended to effectively protect tenants and strengthen their path to buying real estate.

Budget 2024 announced the creation of the Canadian Renters’ Bill of Rights, which proposes a nationwide standard lease agreement and would require landlords to disclose rental price history on properties. Through the Canadian Mortgage Charter, the Budget also calls on banks and lenders to allow tenants to report their rental payment history to credit bureaus in order to better their credit scores, thereby strengthening their future mortgage applications.

Additionally, $15 million over five years has been allocated to a Tenant Protection Fund, which will provide legal support to tenants.

Funding for the construction of new homes

The federal government is promising billions of dollars in spending toward the construction of new housing.

The 2024 budget unveiled the Canada Builds initiative, which will enable the country’s Apartment Construction Loan Program to partner with provincial governments in order to build more rental accommodation. Starting next year, the program will receive $15 billion in additional funding for the creation of 30,000 new homes, topping up the program’s current funding allocation to over $55 billion for a total of 131,000 units, set to be built by 2031.

The Canadian Housing and Mortgage Corporation’s (CMHC) Housing Accelerator Fund will also receive $400 million in financial support to build 12,000 new housing units.

Infrastructure Canada will receive $6 billion over the next decade towards the Canada Housing Infrastructure Fund, which will support the creation of water and waste infrastructure needed for new communities. $100 million over two years will also be dedicated to Employment and Social Development Canada to support apprenticeship and skilled-trade programs that address the workforce shortage needed to build housing.

30-year mortgage amortizations for first-time buyers of new homes

Through the Canadian Mortgage Charter, the 2024 budget announced that starting on August 1st, first-time buyers purchasing a newly constructed home can access 30-year mortgage amortizations, a product that has previously only been available to those with a down payment of at least 20%.

In practice, a longer amortization period would allow borrowers to pay off their mortgage over an extended timeline, thereby reducing their monthly payments.

Amendments to the Home Buyers’ Plan

Saving for a down payment is one of the largest hurdles new homebuyers face. To make it easier to access funds for a home purchase, Budget 2024 unveiled an amendment to the withdrawal limit on the Home Buyers’ Plan, which has been increased from $35,000 to $60,000 as of April 16th.

Support for single-family home suites

To encourage the creation of secondary housing units, the 2024 budget announced $409.6 million over four years towards a Canada Secondary Suite Loan Program, run by the CMHC. This will enable homeowners to borrow up to $40,000 in low-interest loans towards the cost of adding a secondary suite to their homes, which can be used for multi-generational living purposes or as a source of rental income.

Increase to the inclusion rate on capital gains above $250,000

Effective June 25th, Budget 2024 proposes an increase to the inclusion rate on capital gains realized annually above $250,000 by individuals, corporations, and trusts from one-half to two-thirds, by amending the Income Tax Act. This would include the sale of secondary residences and investment properties.

Currently, only 50% of capital gains are taxable. The 2024 budget would increase the inclusion rate to 66% on capital gains above $250,000. The sale of principal residences will continue to be exempt from capital gains tax.

New funds for post-war housing catalog

In December 2023, the federal government announced that it would be modernizing its post-war home design catalog, providing standardized home blueprints that would accelerate the creation of much-needed housing. The 2024 budget unveiled $11.6 million towards the development of 50 home designs, which includes plans for row homes, fourplexes, sixplexes, accessory units, and modular homes.

Conversion of public lands into housing

Land scarcity is one of the main barriers to the creation of new housing. The federal government intends to utilize public lands in order to free up space where new housing can be built, with a goal of building 250,000 new homes by 2031 under the Public Lands for Homes Plan. In Budget 2024, the government announced plans to lease public land to builders in order to lower capital costs and review the federal lands portfolio to identify more usable lands for housing. The budget also outlines plans to reduce the footprint of federal office buildings and convert these spaces into housing.

Over the next three years, $5 million will be allocated to the Canada Lands Company to support initiatives to build properties on public lands.

*Information provided by Michelle McNally
Communications manager, Royal LePage

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New property listed in Morgan Creek, South Surrey White Rock

We have listed a new property at 110 15137 33 AVE in Surrey. See details here

WELCOME TO Prescott Commons by Polygon, contemporary East Coast Style living in South Surrey's Harvard Gardens. This bright freshly painted 823 sq. ft. ground floor West-facing 2-bed, 2-bath home boasts 9ft ceilings, engineered stone countertops, spa-inspired showers, laminate flooring, and stainless steel appliances, including a gas range. The separate street entrance with a large private patio & deck gives this condo the feel of a townhome. BONUS: 2 parking stalls and 1 storage locker included. Residents can enjoy 9000 sq. ft. resort-style amenities at the Rowing Club, including a fitness facility, outdoor pool, hot tub, clubhouse, gymnasium, basketball court, and movie room. Close to White Rock/Crescent Beach, walking distance to shops, restaurants, and access to Hwy 99.

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Open House. Open House on Saturday, April 27, 2024 2:00PM - 4:00PM

Please visit our Open House at 110 15137 33 AVE in Surrey. See details here

Open House on Saturday, April 27, 2024 2:00PM - 4:00PM

WELCOME TO Prescott Commons by Polygon, contemporary East Coast Style living in South Surrey's Harvard Gardens. This bright freshly painted 823 sq. ft. ground floor West-facing 2-bed, 2-bath home boasts 9ft ceilings, engineered stone countertops, spa-inspired showers, laminate flooring, and stainless steel appliances, including a gas range. The separate street entrance with a large private patio & deck gives this condo the feel of a townhome. BONUS: 2 parking stalls and 1 storage locker included. Residents can enjoy 9000 sq. ft. resort-style amenities at the Rowing Club, including a fitness facility, outdoor pool, hot tub, clubhouse, gymnasium, basketball court, and movie room. Close to White Rock/Crescent Beach, walking distance to shops, restaurants, and access to Hwy 99.

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Open House. Open House on Sunday, April 28, 2024 2:00PM - 4:00PM

Please visit our Open House at 110 15137 33 AVE in Surrey. See details here

Open House on Sunday, April 28, 2024 2:00PM - 4:00PM

WELCOME TO Prescott Commons by Polygon, contemporary East Coast Style living in South Surrey's Harvard Gardens. This bright freshly painted 823 sq. ft. ground floor West-facing 2-bed, 2-bath home boasts 9ft ceilings, engineered stone countertops, spa-inspired showers, laminate flooring, and stainless steel appliances, including a gas range. The separate street entrance with a large private patio & deck gives this condo the feel of a townhome. BONUS: 2 parking stalls and 1 storage locker included. Residents can enjoy 9000 sq. ft. resort-style amenities at the Rowing Club, including a fitness facility, outdoor pool, hot tub, clubhouse, gymnasium, basketball court, and movie room. Close to White Rock/Crescent Beach, walking distance to shops, restaurants, and access to Hwy 99.

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Open House. Open House on Sunday, April 28, 2024 12:00PM - 2:00PM

Please visit our Open House at 50 46213 HAK'WELES RD in Chilliwack. See details here

Open House on Sunday, April 28, 2024 12:00PM - 2:00PM

This upgraded 3,525 sq. ft. rancher with basement features 3 bedrooms, nestled in a private, western location on a 5,888 sq. ft. fenced lot. Main floor boasts high-end flooring, trayed great rm ceilings with crown mouldings, chef's kitchen w/quartz counters, smudge-proof SS appliances, gas range, custom backsplash,& WI pantry. The primary bedroom includes a spa-inspired 5 piece ensuite w/soaker tub. The fully finished basement offers a spacious rec rm, wet bar, added sound insulation, guest bedroom, full bathroom, gym area, & generous storage. Enjoy outdoor living with the covered deck & power shades on the back patio. This fully-loaded home features A/C, built-in speakers, & triple garage with EV setup. Additional perks incl sauna, leaf guard gutters, inground sprinklers & permanent exterior lighting.

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We have sold a property at 802 11910 80 AVE in Delta

We have sold a property at 802 11910 80 AVE in Delta. See details here

Welcome to the Chancellor. Beautiful CORNER unit with CITY AND MOUNTAIN VIEWS! This spacious, bright, and lovingly maintained condo is what you have been waiting for. The 1255 sq. ft unit offers an abundance of space, perfect for the downsizer, families, or the professional who works from home. Gorgeous hardwood floors throughout, freshly painted, large solarium for year-round use, well maintained CONCRETE building with an excellent contingency fund!! Side by side Washer and Dryer with room offers extra storage. Great amenities including an exercise gym, indoor pool, clubhouse, and beautiful garden areas. Extremely central location close to shops, restaurants, & public transit.

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Open House. Open House on Saturday, April 20, 2024 1:00PM - 3:00PM

Please visit our Open House at 119 2551 PARKVIEW LANE in Port Coquitlam. See details here

Open House on Saturday, April 20, 2024 1:00PM - 3:00PM

Welcome FIRST TIME BUYERS, INVESTORS OR DOWNSIZERS to this BEAUTIFUL ground floor LARGE one-bedroom unit! Step into spacious living with the open concept design highlighted by the kitchen that seamlessly connects to the formal dining area. Enjoy the modern touch of newer wide plank laminate flooring, FRESH PAINT and upgraded bathroom fixtures. This unit boasts convenience with NEW WSHAER/DRYER and stainless-steel appliances. The GENEROUS master suite features a cheater door to the main bathroom. Step outside to the southern exposed covered patio for outdoor enjoyment. Amenities include exercise room, sauna, hobby room and party room. Close to the mall, Sky train station, cafés, restaurants, and Westwood Elementary. Don't miss out on this inviting home offering both comfort and style!

Read

Open House. Open House on Sunday, April 21, 2024 1:00PM - 3:00PM

Please visit our Open House at 50 46213 HAK'WELES RD in Chilliwack. See details here

Open House on Sunday, April 21, 2024 1:00PM - 3:00PM

This upgraded 3,525 sq. ft. rancher with basement features 3 bedrooms, nestled in a private, western location on a 5,888 sq. ft. fenced lot. Main floor boasts high-end flooring, trayed great rm ceilings with crown mouldings, chef's kitchen w/quartz counters, smudge-proof SS appliances, gas range, custom backsplash,& WI pantry. The primary bedroom includes a spa-inspired 5 piece ensuite w/soaker tub. The fully finished basement offers a spacious rec rm, wet bar, added sound insulation, guest bedroom, full bathroom, gym area, & generous storage. Enjoy outdoor living with the covered deck & power shades on the back patio. This fully-loaded home features A/C, built-in speakers, & triple garage with EV setup. Additional perks incl sauna, leaf guard gutters, inground sprinklers & permanent exterior lighting.

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