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Greenhouse by Concord Pacific

Metrotown Central Park East neighbourhood

5895 Barker Avenue, Burnaby

Completion 2028

42 stories, 314 unit in total


Units available:

Plan B5  2 Bedroom + Guest   NW

Indoor 930sf   Solarium 660    Total 1,590 sf

Unit 2102  $1,454,500


Pan B1  2 Bedroom   NW

Indoor  672   Solarium  642    Total 1,314sf

Unit 1604     $1,099500


Plan B3   2 Bedroom  S & SW  Corner

Indoor 845sf   Solarium  347sf   Total  1,192sf

Unit 1601   $1,263,000


Plan B4  2 Bedroom  E, skytrain

Indoor 813sf  Solarium 273sf   Total  1,086

Unit 2002    $1,192,900


Plan B2    2 Bedroom  E & SE

Indoor 708sf  Solarium  591sf   Total 1,299sf

Unit 1706  $1,073,500


**Prices are subject to change by the Developer. 


Please call Teresa Chan for more info and floor plan information.


RE/MAX City Realty 

778.386.6812

teresachan6812@gmail.com


#presales  #metrotownburnaby 

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  • Speculation and vacancy tax
  • Empty homes tax
  • Property taxes
  • Taxable capital gains
  • Property Transfer Tax
  • Foreign Buyers Tax
 
Speculation and vacancy tax
  • 2% – foreign owners, satellite families
  • 0.5% – Canadian citizens or Canadian permanent residents who are not part of a satellite family
 

Empty homes tax

The EHT is a municipal tax imposed by the City of Vancouver on residential properties in Vancouver classified as Class 1 properties. The EHT and SVT both have the same goals of addressing the current rental housing market crisis.

An annual declaration is required for each property. Unlike the SVT, only one property status declaration is required per property. The declaration is completed online and confirms the property status in order to determine whether the property is subject to the EHT. The deadline for declaration is in February.

The EHT is calculated as 1.25% of the property’s assessed taxable value in the previous tax year. The deadline for payment is in April.


Property taxes

The amount you pay is based on the funds needed to provide services for the year. Tax rates are set to determine how to share the cost of providing the services.

Tax rates and your property assessment determine how much property tax you pay.

Property owners can claim a home owner grant to reduce the total property taxes payable if they meet certain eligibility criteria. This grant must be claimed annually.


Taxable capital gains

A capital gain occurs when you sell the property for more than the total of its adjusted cost base (cost plus acquisition costs such as legal and commission fees, less any depreciation taken) and any related selling costs (e.g. legal, transfer taxes, advertising, certain repairs, commissions, etc.). For a property in B.C., 50% of the total gain is taxable.


Property Transfer Tax

When you purchase or gain an interest in property that is registered at the Land Title Office, you or your legal professional must file a property transfer tax return and you must pay property transfer tax, unless you qualify for an exemption.


Foreign Buyers Tax

If you are a foreign national or purchasing a new property with a foreign corporation or foreign trust, and the property you are purchasing is located in one of the areas listed below, you should expect an additional 20% property transfer tax on top of the property tax we have covered in the section above.


Goods and Services Tax

The British Columbia Goods and Services Tax for real estate in BC is a 5% Federal Tax that is payable at completion on the sale of brand-new properties in BC.


For a full list of exemptions and more info of the above, please refer to the government websites and obtain advice from professionals.

https://www2.gov.bc.ca/gov/content/taxes


If you are thinking of Buying or selling a home or know someone who might be, please give me a call.


Greater Vancouver Real Estate Advisor

Teresa Chan PREC*

778.386.6812


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Top 20 Secondary Schools in Greater Vancouver Area:
       
Ranking School City Rating
1 York House Vancouver 10
2 Little Flower Vancouver 10
3 Southridge Surrey 9.8
4 Crofton House Vancouver 9.7
5 West Point Grey Vancouver 9.7
6 St George's Vancouver 9.6
7 Collingwood West Vancouver 9.6
8 Relevant Surrey 9.4
9 St John's Vancouver 9.1
10 Vancouver College Vancouver 9
11 Southpointe Delta 8.8
12 Mulgrave West Vancouver 8.7
13 University Hill Vancouver 8.6
14 Regent Christian Surrey 8.6
15 Richmond Christian Richmond 8.5
16 St Thomas Aquinas North Vancouver 8.5
17 St Thomas More Burnaby 8.4
18 Lord Byng Vancouver 8.4
19 Pacific Academy Surrey 8.4
20 Langley Christian Langley 8.2
       
       
       
Vancouver (温哥华)secondary schools ranking:  
       
School Ranking in BC Recent 5 years ranking in BC Rating
York House 1/289 1/258 10
Little Flower 1/289 3/258 10
Crofton House 4/289 2/258 9.7
West Point Grey 4/289 5/258 9.7
St George's 6/289 6/258 9.6
St John's 10/289 25/258 9.1
Vancouver College 13/289 11/258 9
University Hill 19/289 14/258 8.6
Lord Byng 24/289 18/258 8.4
King David 30/289 18/258 8.1
Point Grey 52/289 43/258 7.7
Notre Dame 61/289 67/258 7.5
Prince of Wales 65/289 29/258 7.4
Magee 65/289 54/258 7.4
Sir Winston Churchill 69/289 61/258 7.3
Eric Hamber 69/289 100/258 7.3
Stratford Hall 69/289 N/A 7.3
Kitsilano 85/289 67/258 7
David Thompson 88/289 118/258 6.9
St Patrick's 103/289 75/258 6.6
Vancouver Technical 107/289 132/258 6.5
Windermere 151/289 158/258 5.8
Gladstone 176/289 180/258 5.5
Templeton 188/289 180/258 5.3
Sir Charles Tupper 193/289 204/258 5.2
John Oliver 193/289 210/258 5.2
Killarney 255/289 150/258 4.8
Britannia 233/289 238/258 4.7
King George 268/289 229/258 3.4
St John's International 288/289 N/A 0
       
       
       
West Vancouver (西温)secondary schools ranking:
       
School Ranking in BC Recent 5 years ranking in BC Rating
Collingwood 6/289 8/258 9.6
Mulgrave 16/289 N/A 8.7
Sentinel 30/289 21/258 8.1
Rockridge 56/289 40/258 7.6
West Vancouver 88/289 75/258 6.9
       
       
       
North Vancouver (北温)secondary schools ranking:
       
School Ranking in BC Recent 5 years ranking in BC Rating
St Thomas Aquinas 22/289 21/258 8.5
Handsworth 37/289 29/258 7.9
Lions Gate Christian 43/289 N/A 7.8
Windsor 69/289 49/258 7.3
Seycove 92/289 67/258 6.8
Argyle 103/289 75/258 6.6
Sutherland 225/289 158/258 4.8
Carson Graham 233/289 204/258 4.7
Bodwell Academy 283/289 N/A 1.9
       
       
       
Burnaby (本拿比)secondary schools ranking:  
       
School Ranking in BC Recent 5 years Ranking in BC Rating
St Thomas More 24/289 14/258 8.4
Deer Lake SDA 30/289 N/A 8.1
Carver Christian 52/289 81/258 7.7
Burnaby Central 96/289 112/258 6.7
Burnaby North 107/289 93/258 6.5
Moscrop 123/289 100/258 6.2
Burnaby Mountain 145/289 87/258 5.9
Cariboo Hill 183/289 174/258 5.4
Burnaby South 197/289 167/258 5.1
Alpha 209/289 218/258 5
Byrne Creek 254/289 234/258 4.1
       
       
       
Richmond (列治文)secondary schools ranking:  
       
School Ranking in BC Recent 5 years ranking in BC Rating
Richmond Christan 22/289 14/258 8.5
Richmond 52/289 49/258 7.7
Stevenston London 56/289 43/258 7.6
Hugh McRoberts 56/289 49/258 7.6
J N Burnett 61/289 54/258 7.5
Robert Alexander McMath 65/289 43/258 7.4
R C Palmer 107/289 118/258 6.5
A.R. MacNeill 165/289 187/258 5.7
Hugh Boyd 183/289 167/258 5.4
Cambie 197/289 198/258 5.1
Matthew McNair 244/289 204/258 4.5
       
       
       
Coquitlam (also including Port Coquitlam and Port Moody) (高桂林及满地宝)secondary schools ranking:
       
School Ranking in BC Recent 5 years ranking in BC Rating
Archbishop Carney 30/289 25/258 8.1
Dr.Charles Best 37/289 29/258 7.9
Heritage Woods 52/289 28/258 7.7
Pinetree 69/289 67/258 7.3
Gleneagle 80/289 54/258 7.1
Riverside 103/289 93/258 6.6
Port Moody 132/289 93/258 6.1
Terry Fox 151/289 127/258 5.8
Centennial 193/289 187/258 5.2
       
       
       
Surrey (also including South Surrey and White Rock) (素里,包含南素里以及白石镇)secondary schools ranking:
       
School Ranking in BC Recent 5 years ranking in BC Rating
Southridge 3/289 3/258 9.8
Relevant 8/289 N/A 9.4
Regent Christian 19/289 29/258 8.6
Pacific Academy 24/289 20/258 8.4
Holy Cross 43/289 54/258 7.8
Semiahmoo 56/289 54/258 7.6
Elgin Park 65/289 40/258 7.4
Fleetwood Park 76/289 54/258 7.2
Surrey Christian 76/289 67/258 7.2
White Rock Christian 92/289 81/258 6.8
North Surrey 92/289 87/258 6.8
Fraser Height 107/289 87/258 6.5
Earl Marriott 123/289 100/258 6.2
Lord Tweedsmuir 123/289 112/258 6.2
Princess Margaret 123/289 150/258 6.2
Panorama Ridge 145/289 118/258 5.9
Enver Creek 151/289 145/258 5.8
Johnston Heights 151/289 158/258 5.8
Sullivan Heights 165/289 118/258 5.7
Tamanawis 165/289 145/258 5.7
Kwantlen Park 197/289 204/258 5.1
Clayton Heights 209/289 158/258 5
Frank Hurt 225/289 187/258 4.8
Guildford Park 249/289 167/258 4.3
Queen Elizabeth 249/289 225/258 4.3
LA Matheson 278/289 245/258 2.6
       
       
       
New Westminster (新威斯敏斯特)secondary school ranking:
       
School Ranking in BC Recent 5 years ranking in BC Rating
New Westminster
88/289
67/258
6.9
       
Delta (三角洲)secondary schools ranking:  
       
School Ranking in BC Recent 5 years ranking in BC Rating
Southpointe 15/289 12/258 8.8
Burnsview 96/289 87/258 6.7
Delta 118/289 81/258 6.3
Seaquam 118/289 100/258 6.3
South Delta 132/289 93/258 6.1
Sands 165/289 106/258 5.7
North Delta 183/289 218/258 5.4
Delview 209/289 150/258 5
       
       
       
Langley (兰里)secondary schools ranking:  
       
School Ranking in BC Recent 5 years ranking in BC Rating
Langley Christian 29/289 43/258 8.2
Langley Fundamental 37/289 29/258 7.9
Credo Christian 61/289 36/258 7.5
R.E.Mountian 76/289 61/258 7.2
Walnut Grove 80/289 61/258 7.1
Broolswood 123/289 106/258 6.2
D W Popp 151/289 127/258 5.8
Langley 209/289 210/258 5
Top 20 Secondary Schools in Great Vancouver Area:

Ranking School City Rating Recent 5 years rating
1 York House Vancouver 10.0 10.0
2 Little Flower Vancouver 10.0 9.7
3 Southridge Surrey 9.8 9.7
4 Crofton House Vancouver 9.7 9.8
5 West Point Grey Vancouver 9.7 9.6
6 St George's Vancouver 9.6 9.5
7 Collingwood West Vancouver 9.6 9.1
8 Relevant Surrey 9.4 N/A
9 St John's Vancouver 9.1 8.0
10 Vancouver College Vancouver 9.0 8.9
11 Southpointe Delta 8.8 8.7
12 Mulgrave West Vancouver 8.7 N/A
13 University Hill Vancouver 8.6 8.5
14 Regent Christian Surrey 8.6 7.7
15 Richmond Christian Richmond 8.5 8.5
16 St Thomas Aquinas North Vancouver 8.5 8.2
17 St Thomas More Burnaby 8.4 8.5
18 Lord Byng Vancouver 8.4 8.4
19 Pacific Academy Surrey 8.4 8.3
20 Langley Christian Langley 8.2 7.4



Vancouver (温哥华)secondary schools ranking:

School Ranking in BC Recent 5 years ranking in BC Rating Recent 5 years rating
York House 1/289 1/258 10.0 10.0
Little Flower 1/289 3/258 10.0 9.7
Crofton House 4/289 2/258 9.7 9.8
West Point Grey 4/289 5/258 9.7 9.6
St George's 6/289 6/258 9.6 9.5
St John's 10/289 25/258 9.1 8.0
Vancouver College 13/289 11/258 9.0 8.9
University Hill 19/289 14/258 8.6 8.5
Lord Byng 24/289 18/258 8.4 8.4
King David 30/289 18/258 8.1 8.4
Point Grey 52/289 43/258 7.7 7.4
Notre Dame 61/289 67/258 7.5 7.0
Prince of Wales 65/289 29/258 7.4 7.7
Magee 65/289 54/258 7.4 7.2
Sir Winston Churchill 69/289 61/258 7.3 7.1
Eric Hamber 69/289 100/258 7.3 6.4
Stratford Hall 69/289 N/A 7.3 N/A
Kitsilano 85/289 67/258 7.0 7.0
David Thompson 88/289 118/258 6.9 6.1
St Patrick's 103/289 75/258 6.6 6.9
Vancouver Technical 107/289 132/258 6.5 5.9
Windermere 151/289 158/258 5.8 5.5
Gladstone 176/289 180/258 5.5 5.2
Templeton 188/289 180/258 5.3 5.2
Sir Charles Tupper 193/289 204/258 5.2 4.9
John Oliver 193/289 210/258 5.2 4.8
Killarney 255/289 150/258 4.8 5.6
Britannia 233/289 238/258 4.7 4.0
King George 268/289 229/258 3.4 4.4
St John's International 288/289 N/A 0.0 N/A



West Vancouver (西温)secondary schools ranking:

School Ranking in BC Recent 5 years ranking in BC Rating Recent 5 years rating
Collingwood 6/289 8/258 9.6 9.1
Mulgrave 16/289 N/A 8.7 N/A
Sentinel 30/289 21/258 8.1 8.2
Rockridge 56/289 40/258 7.6 7.5
West Vancouver 88/289 75/258 6.9 6.9



North Vancouver (北温)secondary schools ranking:

School Ranking in BC Recent 5 years ranking in BC Rating Recent 5 years rating
St Thomas Aquinas 22/289 21/258 8.5 8.2
Handsworth 37/289 29/258 7.9 7.7
Lions Gate Christian 43/289 N/A 7.8 N/A
Windsor 69/289 49/258 7.3 7.3
Seycove 92/289 67/258 6.8 7
Argyle 103/289 75/258 6.6 6.9
Sutherland 225/289 158/258 4.8 5.5
Carson Graham 233/289 204/258 4.7 4.9
Bodwell Academy 283/289 N/A 1.9 N/A



Burnaby (本拿比)secondary schools ranking:

School Ranking in BC Recent 5 years Ranking in BC Rating Recent 5 years rating
St Thomas More 24/289 14/258 8.4 8.5
Deer Lake SDA 30/289 N/A 8.1 N/A
Carver Christian 52/289 81/258 7.7 6.7
Burnaby Central 96/289 112/258 6.7 6.2
Burnaby North 107/289 93/258 6.5 6.5
Moscrop 123/289 100/258 6.2 6.4
Burnaby Mountain 145/289 87/258 5.9 6.6
Cariboo Hill 183/289 174/258 5.4 5.3
Burnaby South 197/289 167/258 5.1 5.4
Alpha 209/289 218/258 5.0 4.7
Byrne Creek 254/289 234/258 4.1 4.2



Richmond (列治文)secondary schools ranking:

School Ranking in BC Recent 5 years ranking in BC Rating Recent 5 years rating
Richmond Christan 22/289 14/258 8.5 8.5
Richmond 52/289 49/258 7.7 7.3
Stevenston London 56/289 43/258 7.6 7.4
Hugh McRoberts 56/289 49/258 7.6 7.3
J N Burnett 61/289 54/258 7.5 7.2
Robert Alexander McMath 65/289 43/258 7.4 7.4
R C Palmer 107/289 118/258 6.5 6.1
A.R. MacNeill 165/289 187/258 5.7 5.1
Hugh Boyd 183/289 167/258 5.4 5.4
Cambie 197/289 198/258 5.1 5.0
Matthew McNair 244/289 204/258 4.5 4.9



Coquitlam (also including Port Coquitlam and Port Moody) (高桂林,包含高桂林港以及满地宝)secondary schools ranking:

School Ranking in BC Recent 5 years ranking in BC Rating Recent 5 years rating
Archbishop Carney 30/289 25/258 8.1 8.0
Dr.Charles Best 37/289 29/258 7.9 7.7
Heritage Woods 52/289 28/258 7.7 7.8
Pinetree 69/289 67/258 7.3 7.0
Gleneagle 80/289 54/258 7.1 7.2
Riverside 103/289 93/258 6.6 6.5
Port Moody 132/289 93/258 6.1 6.5
Terry Fox 151/289 127/258 5.8 6.0
Centennial 193/289 187/258 5.2 5.1



Surrey (also including South Surrey and White Rock) (素里,包含南素里以及白石镇)secondary schools ranking:

School Ranking in BC Recent 5 years ranking in BC Rating Recent 5 years rating
Southridge 3/289 3/258 9.8 9.7
Relevant 8/289 N/A 9.4 N/A
Regent Christian 19/289 29/258 8.6 7.7
Pacific Academy 24/289 20/258 8.4 8.3
Holy Cross 43/289 54/258 7.8 7.2
Semiahmoo 56/289 54/258 7.6 7.2
Elgin Park 65/289 40/258 7.4 7.5
Fleetwood Park 76/289 54/258 7.2 7.2
Surrey Christian 76/289 67/258 7.2 7.0
White Rock Christian 92/289 81/258 6.8 6.7
North Surrey 92/289 87/258 6.8 6.6
Fraser Height 107/289 87/258 6.5 6.6
Earl Marriott 123/289 100/258 6.2 6.4
Lord Tweedsmuir 123/289 112/258 6.2 6.2
Princess Margaret 123/289 150/258 6.2 5.6
Panorama Ridge 145/289 118/258 5.9 6.1
Enver Creek 151/289 145/258 5.8 5.7
Johnston Heights 151/289 158/258 5.8 5.5
Sullivan Heights 165/289 118/258 5.7 6.1
Tamanawis 165/289 145/258 5.7 5.7
Kwantlen Park 197/289 204/258 5.1 4.9
Clayton Heights 209/289 158/258 5.0 5.5
Frank Hurt 225/289 187/258 4.8 5.1
Guildford Park 249/289 167/258 4.3 5.4
Queen Elizabeth 249/289 225/258 4.3 4.5
LA Matheson 278/289 245/258 2.6 3.8



New Westminster (新威斯敏斯特)secondary school ranking:

School Ranking in BC Recent 5 years ranking in BC Rating Recent 5 years rating
New Westminster
88/289
67/258
6.9
7.0

Delta (三角洲)secondary schools ranking:

School Ranking in BC Recent 5 years ranking in BC Rating Recent 5 years rating
Southpointe 15/289 12/258 8.8 8.7
Burnsview 96/289 87/258 6.7 6.6
Delta 118/289 81/258 6.3 6.7
Seaquam 118/289 100/258 6.3 6.4
South Delta 132/289 93/258 6.1 6.5
Sands 165/289 106/258 5.7 6.3
North Delta 183/289 218/258 5.4 4.7
Delview 209/289 150/258 5.0 5.6



Langley (兰里)secondary schools ranking:

School Ranking in BC Recent 5 years ranking in BC Rating Recent 5 years rating
Langley Christian 29/289 43/258 8.2 7.4
Langley Fundamental 37/289 29/258 7.9 7.7
Credo Christian 61/289 36/258 7.5 7.6
R.E.Mountian 76/289 61/258 7.2 7.1
Walnut Grove 80/289 61/258 7.1 7.1
Broolswood 123/289 106/258 6.2 6.3
D W Popp 151/289 127/258 5.8 6.0
Langley 209/289 210/258 5.0 4.8
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Were you aware that leaving your home vacant for four days or more during a vacation could result in your home insurance not covering damages caused by a burst pipe? This lesson became apparent to some residents of British Columbia following a recent cold spell. While most homeowner insurance policies include coverage for damage resulting from burst or frozen pipes (excluding damage to the pipes themselves), there's a significant caveat.

During the heating season, as stated in nearly every policy, if your pipes freeze and result in water damage while you've been away from your house for more than four consecutive days, the insurance may not cover the water damage.

However, you can safeguard your coverage by managing the risk. One way to do this is to have a responsible person check your home daily to ensure the heat is on and there is no water damage.

Another precaution is to turn off the water and drain your toilets before leaving. Letting the taps run until there's no water left in them can minimize potential damage. In this way, you manage the risk, and even if a pipe freezes, the resulting water damage is likely to be minimal.

Regardless of weather, If you are leaving your home for a long period of time, it's a good idea to turn off main water supply as pipes can leak for various reasons.

Additionally, consider investing in a monitored alarm system for water damage. This ensures a swift response in case of an issue, with someone attending to turn off the water promptly.

Condo owners face complexities depending on personal insurance and strata coverage. Unit owners are often responsible for pipes within their dwelling, but strata unit bylaws can influence the extent of this responsibility. Carefully reviewing policies and strata corporation documents is essential.

When it comes to water damage claims, deductibles can be substantial. It's advised to discuss coverage options, risks, and deductibles thoroughly with insurance professionals or brokers. Those running businesses from home should also inquire about the right insurance to replace any damaged items.

Renters are urged to consider tenant's insurance, which may cost a few hundred dollars per year but provides liability coverage. This coverage can protect against legal liabilities for damages caused by the tenant, such as floods or fires, ensuring financial protection and a place to live.

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Real Estate Market Updates - Dec 2023
  1.  Challenges in BC's New Housing Density Legislation: British Columbia's new housing density legislation, including Bills 44 and 47, is designed to spur housing development but faces challenges. High costs, interest rates, and workforce needs question the feasibility of building the desired number of units.
  2.  Unprecedented Immigration Impact on Canada's Housing and Employment: Canada's recent immigration surge, the largest in 70 years, has led to significant population growth, with 430,635 newcomers in just three months of 2023. This influx, largely non-permanent residents, is straining the housing market and job sector.
  3.  Rethinking Canada's Housing Strategy: Canada's government, seeking solutions for the housing crisis, is revisiting strategies used after World War II, proposing a catalogue of pre-approved building designs to expedite construction.
  4.  Record Emigration Amid Canada's Population Growth: While Canada's population grows rapidly, the country also faces a significant emigration rate. Statistics Canada reports that in the third quarter of 2023, over 32,000 people left Canada. 
Contact me for details and market status.
 
Teresa Chan PREC*
 
778.386.6812
Teresachan6812@gmail.com
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Bank of Canada increases key interest rate - March 2, 2022

This morning, the Bank of Canada has announced that they have increased its key interest rate by 0.25%. Therefore, for those who have a variable rate credit product, payments may increase by approximately $11.77 for every $100,000.00 loan.


The current invasion of Ukraine by Russia is a large factor causing uncertainty. Oil prices have increased, adding to inflation around the world.

Canada's economic growth was very strong in the fourth quarter of 2021, at 6.7%. This is much stronger than what the Bank has predicted, hence the high inflation.

The recovery from Omicron is happening quicker than expected, and so consumer spending should increase as public health restrictions are lifting. Housing market activity is also elevated, adding more pressure to housing prices. However, there is still some uncertainty as there could be another variant.

Omicron is expected to be less severe than previous waves, so economic growth will remain healthy over the near future.

Inflation is currently at 5.1%, well above the bank's target rate of 2%. The invasion of Ukraine is putting further upward prices for energy and food-related commodities. Elevated inflation increases the risk that longer run inflation could also drift upwards. The bank plans to use monetary tools to return inflation to 2%, by increasing rates and implementing quantitative tightening.

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Linx - Vancouver East
Linx is a new condo development by Lotus Capital and Omicron currently in preconstruction at 2268 East Broadway, Vancouver. The development is scheduled for completion in 2024. Linx has a total of 54 units.
 
At Linx, your backyard is connected to everything that makes this part of the world a vibrant and colourful place to call home. Shopping, restaurants, parks, art—access it all. In minutes, you can turn your city-life adventure into a country escape with the SkyTrain Interchange Station offering easy access to both the Expo and Millennium Line, the Central Valley Greenway, and Highway 1.
 
Linx公寓是Lotus Capital and Omicron 公司聯手開發的溫東6層公寓,提供1-3臥室都市公寓。面積442-1076平方尺的1-3臥室單位工54套,其中,1臥室+書房單位28套,2臥室+書房單位20套,3臥室單位6套,所以戶型均帶有車位,定金15%,預計2024年冬季交付。
 
該項目明天(2022年2月24日)開始預覽。 1臥室+書房單位65萬起,2臥室+書房單位90萬起,3臥室單位110萬起。
 
在Linx 公寓,您家後院就有溫哥華東區五光十色的都市生活圈和溫哥華創新設計歐洲社區-Grandview 社區,獨特的社區氛圍,購物,公園,餐飲,藝術應有盡有,2條天車線從家門附近經過,步行7分鐘即可到達天車站,便利無出其右。
 
樓花特色:
屋頂花園, 設有戶外燒烤區,篝火休閒區,私家花園和兒童遊戲區。2層地下停車場,全部戶型均配有車位,還有108個自行車位,配有直通自行車房的專用電梯。廚房採用歐洲Fulgor Milno 廚房電器,Bloomberg 一體式洗碗機等。
 
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 NUVO in Metrotown Burnaby

Welcome to NUVO in Metrotown


Want to live or invest in Metrotown? Nuvo is offering some of the lowest prices in the Metrotown/ Brentwood area compared to other presale properties! 


This 44 story project will have 358 units ranging from studios - townhomes. Incredible location right across from skytrain, Central Park, dining and shopping! Over 7000+ sqft of amenity space including fitness centre, sauna, games room, multiple lounges, bbq area, play area and more!


As the best VIP group, our guests will get up to 3% off their unit and exclusive assignment rates. Deposit only 15% for 2-3 bedroom, 20% for 1 bedrooms.


Message me to get VIP early access and information about this project as it comes out! 


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Banking Regulator Aims To Make It Tougher To Get An Uninsured Mortgage
With several Big-Five bank CEOs calling for regulatory action to slow the red-hot housing market, it didn't take long for the Office of the Superintendent of Financial Institutions (OSFI), the governor of federally regulated financial institutions, to respond. In a news release issued today, OSFI proposed an increase in uninsured mortgages' qualifying rate to the higher of the mortgage contract rate plus 200 basis points or 5.25% as a minimum floor.

Based on posted rates of the country’s six largest lenders, the current threshold is at 4.79%. Before the pandemic, the posted rate was widely considered too high relative to much lower contract rates. Remember, Canada's six largest lenders under OSFI's jurisdiction set the posted rate each week when they submit to the Bank of Canada the so-called 'conventional 5-year mortgage rate'. It has increasingly born little relationship to actual contract rates.

OSFI, once again, shows itself to cozy up to the Canadian banking oligopoly. Keep in mind that delinquency rates on the Canadian banks' mortgage books are very low--both in historical terms and compared with financial institutions in the rest of the world.

In the release, OSFI said, "The minimum qualifying rate adds a margin of safety that ensures borrowers will have the ability to make mortgage payments in the event of a change in circumstances, such as the reduction of income or a rise in mortgage interest rates. As mortgages are one of the largest exposures that most banks carry, ensuring that borrowers can repay their loans strongly contributes to the continued safety and soundness of Canada’s financial system."

The comment period ends on May 7. OSFI reported that they would communicate the revised B-20 Guideline by May 24, with an implementation date of June 1, 2021.

This all but ensures that the current boom in home buying will accelerate further in the spring market--providing an impetus for borrowers to get in under the June 1 deadline. OSFI's move will trigger an even hotter spring housing market as demand is pulled forward just as it was before the January 1, 2018 implementation date of the current B-20 ruling.

This will not impact non-federally regulated FI's such as credit unions, mono-lines and private lenders, nor does it immediately impact insured-mortgage borrowers.


The federal government is in charge of mortgage qualification for insured mortgages. CMHC and the finance department could well follow OSFI's lead in tightening qualifying rules for insured loans.
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April 2021 Mortgage rate
The market is still very hot with people over bidding and properties having multiple offers. We also heard Bank of Canada's announcement confirming that they will not be increasing rates until January 2023. If this continues, prices will continue to go up due to the low rates.

Things are definitely getting busy around here with spring around the corner but we're looking forward to better weather and sunnier days!

STARTING RATES:

Banks and credit unions

5 yr variable starting at 1.35%
5 yr fixed starting at 2.14%

B-lenders

Starting at 2.54% + 1% fee

Private lenders

Starting at 4.95% + 2% fee.

*Rates may change without notice. Subject to approval.
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