5 notable real estate listings on the market in BC right now | Urbanized - Daily Hive | Canada News Media
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5 notable real estate listings on the market in BC right now | Urbanized – Daily Hive

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As British Columbians move into the latter part of summer with the potential for a second heat wave, many have their living situations (and perhaps a new desire for air conditioning) top of mind.

Right now, there are a wealth of homes on the market in BC, with something to suit different buyer criteria. If, like us, you’re curious to see what the newest mixed-use community will look like or perhaps the features that come with a multi-million dollar home, you’ve come to the right place.

We’ve searched BC’s real estate market to round up five unique listings for currently available properties.

ONE Water Street – 1187 Sunset Drive and 1191 Sunset Drive, Kelowna

Type: One-, two-, and three-bedroom condos, penthouse, and sub penthouses

Price: $604,900 to $10,000,000

Overview: ONE Water Street is a collection of stunning lake view homes currently under construction in Kelowna. Led by Kerkhoff Develop-Build and North American Development Group, this luxury condominium development is slated for completion in 2022. With a total of 427 units across two residential towers, ranging in size from 975 to 2,617 sq ft — coupled with resort-style amenities — there’s something for buyers at every stage of life. Now, only three homes remain in the East Tower (the first to launch), which will be move-in ready this summer — with two-bedroom homes starting at $998,000. Meanwhile, the West Tower will be move-in ready in the spring or summer of 2022.

Other features: Additional features at ONE Water Street include a hot tub, studios for yoga, pilates, and dance, pools, a health club, guest suites, a dog park, a pickleball court, fire pits, and more. 

Interested? Click here to find out more or book a viewing.

Panorama Park – 6138 128th Street, Surrey

Artist’s rendering of Panorama Park (Alvair Group)

Artist’s rendering of Panorama Park home interior (Alvair Group)

Type: Three- and four-bedroom family-inspired townhomes

Price: Starting from high $700,000s

Overview: With homes intentionally designed for modern families, Panorama Park by Alvair Group presents an exciting opportunity for families to put down roots in a neighbourhood primed for convenience and connection. Prospective buyers can choose from a wide range of functional floor plans, which are further enhanced by smart home technology within each townhome, including WiFi-enabled switches and doorbells and Cat6 wired-in internet. All homes feature a wall-mounted fireplace with custom shelving; a custom entryway with a full-height mirror and shelving; side-by-side garages with plenty of room to store vehicles and sports gear; and most ensuites have dual sinks for that added enjoyment of getting ready. 

Other features: Amenities include a community garden, an outdoor play area for children, walking paths, and a two-storey building called ParkHouse, featuring a billiards room, a kitchen with a harvest style table, and a lounge space.

Interested? Click here to find out more or book a viewing.

315 Furry Creek Drive, West Vancouver

Type: Three-bedroom, three-and-a-half bathroom home

Price: $3,248,800

Overview: This steel-framed home covering 3,428 sq ft in West Vancouver could easily be described as a trophy property. Unlike anything else along the Sea to Sky corridor, it sits upon a pedestal (that required 2,000 tonnes of rock to be blasted) above other homes in the area, offering uninterrupted views of the mountains and Howe Sound. The location puts the future resident(s) just steps from Furry Creek Golf Club and a short drive to West Vancouver or Squamish. And inside, 23 ft ceilings and expansive custom windows offer exceptional views from the luxurious kitchen out onto the patio space covering over 1,000 sq ft. No details have been spared in the engineering and design of this BC home, from its king-sized master sleeping wing to the jetted standalone tub. 

Other features:  Additional features include a nine-zone heating and cooling system for year-round comfort, a media room, a heated stamped-concrete driveway, a private yard, and more. 

Interested? Click here to find out more or book a viewing.

Plaza Two at King George Hub – 13725 George Junction, Surrey

Artist’s rendering of King George Hub (PCI Developments)

Artist’s rendering of home interior at King George Hub (PCI Developments)

Type: One- and two-bedroom homes

Price: Under $499,900 (33 homes available at this pricing)

Overview: Situated at the junction between King George Boulevard and the Fraser Highway, Plaza Two at King George Hub gives homebuyers the chance to be a part of a growing, mixed-use community in the heart of Surrey City Centre. Developed by PCI Developments and designed by MCMP Architects, the community features 42,000 sq ft of residents-only amenities, including indoor and outdoor dining lounges, an indoor games room, a family hub complete with a kids playground, and a ground-level hub for those working remotely — containing everything from a maker’s space to a co-working and library space. Homes in this new community boast open-plan living and dining areas, warm design finishes, and panoramic windows offering incredible views.

Other features: Also on-site is a 6,000 sq ft state-of-the-art fitness centre with yoga and multi-functional areas, an indoor half basketball and multi-purpose court, an on-site caretaker, a social and meeting rooftop space, a concierge station, and more.

Interested? Click here to find out more or book a viewing.

1890 Southwest Marine Drive, Southland, West Vancouver 

1890 Southwest Marine Drive (Matt Gul)

Artist’s rendering of townhomes at 1890 Southwest Marine Drive (Matt Gul)

Type: Three-bedroom, five-bathroom home

Price: $15,500,000

Overview: Resting on a 43,179 sq ft lot, this single-family home on Southwest Marine Drive feels more like a luxurious resort villa. Built in 2005, the two-storey home has its own covered patio, an outdoor pool, and a yard landscaped by Paul Sangha. Now, one buyer has the potential to transform the lot into 28 rental-only townhouses under the Affordable Housing Choices Interim Rezoning Policy. Instead of accommodating one family, the rental townhomes could house up to 50 people with 16 units (each with three bedrooms and 12 garden suites), five with two bedrooms, and seven with one bedroom — in addition to 26 off-street parking spaces. The property would resemble a mansion from the outside, blending in harmony with the surrounding neighbourhood. Please note, the listing price of this property is reflective of the intention to re-zone.

Other features: Extras include an artist-workshop studio, a vegetable garden, a full-sized tennis court, a recreation room, and in-home air conditioning, to name a few features.

Interested? Click here to find out more or book a viewing.

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Greater Toronto home sales jump in October after Bank of Canada rate cuts: board

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TORONTO – The Toronto Regional Real Estate Board says home sales in October surged as buyers continued moving off the sidelines amid lower interest rates.

The board said 6,658 homes changed hands last month in the Greater Toronto Area, up 44.4 per cent compared with 4,611 in the same month last year. Sales were up 14 per cent from September on a seasonally adjusted basis.

The average selling price was up 1.1 per cent compared with a year earlier at $1,135,215. The composite benchmark price, meant to represent the typical home, was down 3.3 per cent year-over-year.

“While we are still early in the Bank of Canada’s rate cutting cycle, it definitely does appear that an increasing number of buyers moved off the sidelines and back into the marketplace in October,” said TRREB president Jennifer Pearce in a news release.

“The positive affordability picture brought about by lower borrowing costs and relatively flat home prices prompted this improvement in market activity.”

The Bank of Canada has slashed its key interest rate four times since June, including a half-percentage point cut on Oct. 23. The rate now stands at 3.75 per cent, down from the high of five per cent that deterred many would-be buyers from the housing market.

New listings last month totalled 15,328, up 4.3 per cent from a year earlier.

In the City of Toronto, there were 2,509 sales last month, a 37.6 per cent jump from October 2023. Throughout the rest of the GTA, home sales rose 48.9 per cent to 4,149.

The sales uptick is encouraging, said Cameron Forbes, general manager and broker for Re/Max Realtron Realty Inc., who added the figures for October were stronger than he anticipated.

“I thought they’d be up for sure, but not necessarily that much,” said Forbes.

“Obviously, the 50 basis points was certainly a great move in the right direction. I just thought it would take more to get things going.”

He said it shows confidence in the market is returning faster than expected, especially among existing homeowners looking for a new property.

“The average consumer who’s employed and may have been able to get some increases in their wages over the last little bit to make up some ground with inflation, I think they’re confident, so they’re looking in the market.

“The conditions are nice because you’ve got a little more time, you’ve got more choice, you’ve got fewer other buyers to compete against.”

All property types saw more sales in October compared with a year ago throughout the GTA.

Townhouses led the surge with 56.8 per cent more sales, followed by detached homes at 46.6 per cent and semi-detached homes at 44 per cent. There were 33.4 per cent more condos that changed hands year-over-year.

“Market conditions did tighten in October, but there is still a lot of inventory and therefore choice for homebuyers,” said TRREB chief market analyst Jason Mercer.

“This choice will keep home price growth moderate over the next few months. However, as inventory is absorbed and home construction continues to lag population growth, selling price growth will accelerate, likely as we move through the spring of 2025.”

This report by The Canadian Press was first published Nov. 6, 2024.

The Canadian Press. All rights reserved.

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Homelessness: Tiny home village to open next week in Halifax suburb

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HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.

Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.

Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.

The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.

Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.

They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.

The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.

This report by The Canadian Press was first published Oct. 24, 2024.

The Canadian Press. All rights reserved.

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Here are some facts about British Columbia’s housing market

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Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

This report by The Canadian Press was first published Oct. 17, 2024.

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