South Surrey’s new townhome development, Pier 16, is showcased in magazine

Pier 16 townhomes are showcased in New Home Guide magazine

Pier 16 townhomes are showcased in New Home Guide magazine

South Surrey’s newest townhouse development, Pier 16, is proving so popular that it has landed the cover story in the latest edition of the New Home Guide magazine.

The project is showcased inside with a double-page spread highlighting the attractive features of the homes and their affordability in a market that is consistently reaching new pricing highs.

Here is a link to the article, http://free.trader-epubs.ca/doc/New-Home-Buyers-Guide/VNHBG/2011092201/#18.

For further information and to contact the Pier 16 Sales Team directly, please call 604 542 1616 or come and visit our presentation centre at 16228 16th Avenue, South Surrey, BC, V4A 1S7, open every day from 12-5pm except Thursdays and Fridays.

Canada’s housing market still outperforms the rest of the world

Canada's housing market stays strong

Canada's housing market stays strong

Canada’s resale housing market is slowing, but still outperforming markets in much of the developed world, Bank of Nova Scotia says.

Indeed, senior economist Adrienne Warren said in a new report today, Canada, France and Switzerland stood alone among nine markets measured in recording annual price gains, based on second-quarter data.

“In the majority of the major markets we track in North America , Europe and Australasia, inflation-adjusted home prices declined on a year-over-year basis in the second quarter of 2011,” Ms. Warren said.“While Canada’s hot housing market also has begun to cool, it remains a notable outperformer.”

Scotiabank expects housing demand around around the world to remain “moribund” until the recovery picks up. And, while Canada’s real estate market is notable for its “resilience and longevity,” a stalled jobs market could still keep some buyers out of the market.

“On balance, we anticipate a modest slowdown in the volume of sales transactions heading into year-end, alongside relatively flat prices,” Ms. Warren said.

Canadian house prices, on average and adjusted for inflation, climbed 5 per cent in the second quarter, according to Scotiabank. That compares to 5 per cent in France and 4 per cent in Switzerland. Prices fell 6 per cent in the United States, 6 per cent in Britain, 10 per cent in Spain, 14 per cent in Ireland, 1 per cent in Sweden, and 6 per cent in Australia.

Source: Michael Babad, Globe and Mail

‘Tree of Life’ project unveiled in Surrey

Tree of Life project unveiled in Surrey

Tree of Life project unveiled in Surrey

From now on, students, staff and visitors to the Surrey School District Education Centre will be welcomed in the Coast Salish tradition.

Part of the aboriginal education department’s “Tree of Life” project, a pair of Welcome Poles were erected at the south entrance of the building Sept. 16 to recognize and honour the Coast Salish territory, and to celebrate the gathering of the various departments within the school district.

“It’s important to honour our traditional territory and the significance of our aboriginal history and culture,” noted Gayle Bedard, district principal of aboriginal education.

The red cedar Welcome Poles – a male and a female figure – are the culmination of the Tree of Life project, which was launched in the 2010/2011 school year. Working on-site at five secondary schools that also hosted surrounding elementary students, Semiahmoo First Nation carver Leonard Wells was commissioned to carve the poles.

“The Metro Vancouver Urban Aboriginal Strategy is pleased to support the integration of Aboriginal culture and traditions into the Surrey School District curriculum,” said Jacquie Adams, co-chair of the MVUAS steering committee.

“The carving of these Coast Salish Welcome Posts has provided students and staff the opportunity to learn about aboriginal culture and traditions in a culturally enhanced learning environment. The Welcome Posts will stand through time, symbolizing aboriginal contributions to the Surrey community.”

The project supports two of the Aboriginal Enhancement Agreement goals: to increase awareness of aboriginal history, traditions and culture for all students; and to enhance aboriginal students’ sense of belonging so they can be successful.

Surrey expands its animal care project

New Surrey animal care centre

New Surrey animal care centre

The cost and scale of a new animal shelter in Cloverdale has gone up in price, partly due to a requirement to build roads to the new facility.

Surrey staff appeared before council Monday asking for an $2.5-million increase in the budget of the Surrey Animal Care Centre, bringing the total cost to $7.6 million.

The 17944 Colebrook Road facility was approved by council in its 2011 budget for $5.1 million.

“The original budget did not include funding for offsite servicing costs of approximately $1.2 million, including both the provision of an improved access road to the site as well as sanitary sewer and water service extensions that are necessary,” a staff report to council states.

In addition, staff are leaning toward a more automated facility that, while costing more initially, will mean less operating costs over time.

The city is creating the shelter as it parts ways with the SPCA.

Surrey’s Animal Care Centre will focus on animal-control issues, such as dogs found roaming. The BCSPCA is also creating a new facility on a 5.5-acre parcel of land in Cloverdale that will deal purely with animal cruelty issues.

Both sites are expected to be up and running next year.

Fun in White Rock this weekend at the Uptown Street Festival

White Rock's BIA Uptown Street Festival

White Rock's BIA Uptown Street Festival

There’s fun for the whole family this weekend as White Rock’s BIA’s Uptown Street Festival returns tomorrow, Sept. 10, from 11 am – 4 pm featuring everything from arts displays to live entertainment and a chili tasting.

The main stage entertainment will feature Red Beans and Rice, Yours Truly and Freedom 95, while the Todd Brewer School of Music will have its own stage featuring talented local students.

The festival’s Performance Stage will present dynamic demonstrations of yoga, martial arts and ballroom dancing.

Also included will be the Outside The Box art exhibition, a family fun zone and a chili cook-off.

For more information and to see the other acts lined up over the coming weeks, please see BIA Uptown Street Festival.

Source: Peace Arch News

White Rock sees the largest house price increase in August

Pier 16 townhomes currently for sale in South Surrey / White Rock

Pier 16 townhomes currently for sale in South Surrey / White Rock

If you’re thinking about buying a home in the Fraser Valley, the time to act is now as the benchmark price of a single-family detached house in the Fraser Valley in August was $528,959, up 3.7 per cent from $510,107 in August 2010. The largest price increase was in White Rock, where the average benchmark price for a detached home rose 11.7 per cent from a year earlier, to $833,659.

The Fraser Valley Real Estate Board processed 1,341 sales on the Multiple Listing Service® (MLS®) in August, an increase of 35 per cent compared to the 997 sales during the same month last year and slightly higher than the 1,322 sales in July.

Sukh Sidhu, president of the Fraser Valley Real Estate Board, says, “We typically see a summer dip in sales in August compared to July and that didn’t happen this year. We attribute the current steady market to interest rates remaining favourable, as well as buyers taking advantage of home prices softening slightly in certain markets and an influx of new inventory across all property types.”

The board posted 2,644 new properties on its MLS® in August, an increase of 26 per cent compared to August of last year and 10 per cent fewer than it received in July. The number of active listings in the Fraser Valley remained at 10,074 in August, on par with July’s volume.

“The number of homes on the market remains at a yearly high, which combined with a decrease in sales, can put downward pressure on pricing. We’re only seeing this in some communities for certain property types underlining the importance for both sellers and buyers to obtain local real estate expertise.

“Year over year, home prices in the Fraser Valley are either on par or showing increases”.

The benchmark price of a single family detached house in the Fraser Valley in August was $528,959, an increase of 3.7 per cent compared to $510,107 in August 2010.

For townhouses, the benchmark price in August was $327,317, an increase of 0.9 per cent compared to $324,485 during the same month last year. The benchmark price of apartments in Fraser Valley in August was $245,751, an increase of 2.5 per cent compared to $239,659 in August 2010.

For further information about how you can lock in pricing for a brand new townhome in South Surrey/White Rock at Pier 16, please see South Surrey townhomes.

Canadian house prices continue to rise

Canadian house prices continue to increase in 2011

Canadian house prices continue to increase in 2011

Proving why it’s a good time to lock into pre-sale prices at South Surrey/White Rock’s new townhome development, Pier 16, is this report in today’s Financial Post detailing how house prices across Canada are continuing to rise.

Canada’s economy may have hit the skids in June but house prices across the country still jumped almost 2%, the biggest one-month increase in two years, the latest Teranet-National Bank National Composite House Price Index report said Wednesday.

Canadian house prices were up 1.7% in June compared with the previous month, the biggest month-on-month jump since August 2009 taking the index to a new all-time high of 144.27, the report said.

This is the third straight monthly increase of more than 1% and the seventh straight rise in a row. The index is also up 4.5% compared with a year ago.

The news comes the same day Statistics Canada reported the Canadian economy actually shrank 0.4% annualized in the second quarter, the first contraction since mid-2009.

Prices were up in all six major metropolitan markets surveyed, with Toronto leading the pack at a 2.0% increase. Vancouver and Ottawa came in at +1.7%, while Calgary posted a 1.6% rise, Montreal +1.1% and Halifax +1.0%.

This is the ninth-straight monthly increase for Vancouver, and all-time index highs for five of the six cities.

Calgary is 10.9% off its all-time high in August 2007.

Since Teranet first started tracking prices in June 2005 with a base level of 100, home prices have jumped 44.27%.

The Vancouver index leads the pack at 167.77, suggesting prices have gone up 67.77% since 2005.

Toronto, meanwhile, has the lowest index rating at 131.26, meaning prices have accelerated only 31.26% in that time.