New Listing: Beautiful 2 level 2 bdrm 2 bath town home in Burnby


http://private-office.myrealpage.com/wps/rest/auth/private-office

 

Maple Wood Terrace. Beautiful well kept 2 level town home, corner unit facing courtyard. 2 bedroom, 1.5 baths, main bath up, Cheater Style Ensuite. Open Concept, living room with fireplace. Dining room and kitchen with breakfast bar, 2 pc ensuite on main. Laminate flooring on the main. Upper level with Master Bedroom and 2nd bedroom and landing/den style with room for computer desk. Insuite Laundry. Secured Underground parking. Walking distance to elementary and secondary school, bus transit, Edmonds skytrain, close to Highgate and Metrotown shopping, easy access to Highways. Super central location,




Derek Corrigan recalls that moving from Vancouver to the city he would years later serve as mayor was a “big change.” It was 1977, and he had just finished law school and married his wife, Kathy, the previous December.

 “In those days, being an East Van boy, you believed that the world ended at the Joyce loop,” said Corrigan. “Once the trollies stopped, you figured, well, that was the end of the world!”

Burnaby then seemed to be Vancouver’s overshadowed sibling. Today it’s B.C.’s third-largest city, with a growing hi-tech industry, a rising skyline, a new downtown being planned, and condos that young buyers line up overnight—in the rain—to buy.

Over 223,200 people live in the city. Another 122,000 are expected by 2040, according to Metro Vancouver projections. And while many Canadian cities are diverse, Burnaby has been called “super-diverse”: it’s where you’re most likely to bump into someone of a different ethnicity, the Vancouver Sun found.

Yet as dense as some areas are, many quieter neighbourhoods of single-family homes remain. A quarter of Burnaby’s land has also been dedicated to green space.

 

A century ago, Burnaby was farmland. How did it evolve? Two key factors both created Burnaby, and are pushing its growth today: transit and development.

582px version of Burnaby-Boom-Edmonds-Kingsway-1912.jpgThe Edmonds and Kingsway intersection in 1912. The area is now one of Burnaby’s four town centres. Photo City of Burnaby Archives.

Rural, suburban, urban

In 1891, an electric rail system was completed connecting the downtowns of Vancouver and New Westminster. In between were farms. A group of realtors conceived the idea of establishing a municipal government in the unincorporated space, and in 1892 Burnaby was born.

Its identity quickly became tied to its surrounding municipalities. Even its location gave it little breathing room: to the west was Vancouver, south were Richmond and New Westminster, east were Port Moody and Port Coquitlam, and across the inlet was the North Shore. It was, geographically, Metro Vancouver’s middle-child.

Then in the 1960s Burnaby planners planted the idea that would guide the city’s future growth. Town centres would cluster residential and commercial density near community amenities. That would keep intense development away from single-family homes and green spaces.

Subsequent community plans maintained the town centre strategy, further supported when the SkyTrain line built in 1985 encouraged development along its route.

Burnaby boom town

Fast forward to today.

Forests of condo towers have erupted from Burnaby’s four town centres: Brentwood in the northwest, Lougheed in the northeast, Metrotown in the southwest, Edmonds in the southeast. And they continue to sprout: some 100 new residential towers are under construction or proposed, eventually to add more than 30,000 households to the city.

Burnaby-Boom-Brentwood-.jpgThe developing Brentwood town centre has been compared to Vancouver’s Yaletown. Photo Ivan Chung.

There are currently 29 developments outside Canon Wong’s apartment, most of them residential high-rises. With family help, Vancouver-born Wong, 24, paid $450,000 for the two-bedroom in a Brentwood tower completed just last year. He moved in this April.

“It has a little bit of a community feel, but community might be too strong a word; Brentwood’s still developing,” said Wong. “But there lots of new residents. Lots of young people.”

Indeed, the attraction of Wong’s new neighbourhood brought dozens out in the rain earlier this year for a chance to buy developer Concord Pacific’s Brentwood condos at a discount. Once complete, the Concord complex will feature no fewer than 10 towers, most between 40 and 45 storeys tall, with a huge indoor-outdoor shopping centre. Mock-ups resemble a B.C. Beverly Hills.

Thanks to height allowances, Burnaby’s towers are catching up to those in downtown Vancouver in scale. One even has the potential to become the tallest building in the province, with up to 70 storeys permitted.

“It’s really important to increase density in self-contained little communities where you don’t have to travel much,” said Sav Dhaliwal, vice-chair of the city’s transportation committee. “The less dependent we are on automobiles, the better we are on the long run.”

Burnaby Mayor Derek Corrigan has been in office since 2002. Prior that, he served as a councillor for 15 years. Photo Christopher Cheung.

Now Mayor of the city he moved to in 1977, Derek Corrigan says Burnaby has to make do with what land it’s got.

“I model a lot of what we do on cities like London and New York,” said Corrigan. “That may sound like a little bit of hubris, but geographically, we are so constrained with the ocean and the mountains and agricultural land.

“Our situation is unlike places like Calgary. We can’t keep building ring roads that take people further out into the suburbs. We don’t have that option. All our [regional] growth is on the end of a peninsula, and we’re in a situation where we’re forced to make big city choices in a city that isn’t that big.”

If population isn’t concentrated in Burnaby’s towers?

“Growth will go into the valley, into the agricultural zones, and commuter traffic will be coming through our city,” said Corrigan.

A ‘wrong road’?

The transit-focused town-centre model isn’t without its critics.

“I personally think Burnaby and the region took a wrong road when we chose to intensify development at station areas at the expense of every other part of the city,” said Patrick Condon, chair of the urban design program at UBC’s School of Architecture, in an email.

Burnaby streets like Canada Way, Boundary, Willingdon, and Lougheed all had the potential to become vibrant, walkable, mixed-use areas, he said. Instead, they’re mostly home to car-traffic.

As for Metrotown, which has been designated to become Burnaby’s new “downtown,” Condon calls it the “old man” of Burnaby’s town centres. “Metrotown, to be fair, is never likely to be a tourist destination,” he said. “Built around enclosed malls on a great ‘superblock,’ it is the opposite of urban.”

“And yet,” Condon added, “we have to admire the fact that its shops are affordable, and that unlike other North American malls, more than half of its customers arrive on transit.” The streets around the “superblock,” meanwhile, are considered desirably walkable by many of their residents.

What Condon doesn’t dispute is Burnaby’s growth trajectory. “As the region grows to the east,” he wrote, “the population and jobs midpoint moves east too, out of Vancouver and into Burnaby.”

A place with everything

For some, Burnaby may still be the affordable second choice to Vancouver.

Sogol Arami, 30, rents a one-bedroom in Burnaby’s Brentwood for $1,600 a month while managing a cosmetics store on Vancouver’s west side. She likes to spend her evenings out in Yaletown and Gastown. Nothing in Burnaby yet compares, she says.

“But to live in the kind of home you want,” Arami says, “Vancouver’s just too expensive.”

It’s the same for born-and-raised Vancouverite Wong, who accepted the daily commute back to his former city in exchange for his more reasonably priced two-bedroom in Brentwood.

‘Ethnoburbs’: The New Face of Immigrant Cities 

“That’s what you get for living in a nice city like Vancouver,” he added. “As much as I hate it, I recognize that’s the nature of it.” Wong says he may have to move again, further away from Vancouver and even Burnaby, to find something both more spacious and affordable.

Anthony Derrick understands why his city is an attractive alternative for Vancouverites. The 22-year-old business student has lived here his whole life.

“Burnaby pretty much has everything, from small mom-and-pop stores to malls to park space,” he said. “Burnaby Lake is a great place to go to, you can get your shopping done at Metrotown, and there are a ton of ice rinks. It just brings a great diversity between residential and urban, and lots of opportunities for people to get involved in the community.”

One spot Derrick likes is Burnaby Heights, a length of Hastings Street that’s one of those lively pedestrian strips Condon would like to see more of. Bakeries, bookstores, groceries, and restaurants give it some of the ambience of Vancouver’s West 4th and Main Street communities. Derrick was here with his father last week, visiting a funky ice cream and soda fountain shop that’s a throwback to the old days of malt shakes and sundaes.

Burnaby may have grown up into a true city, but it’s kept elements of its rural and suburban past alive.

Metrotown is being considered for designation as Burnaby’s downtown. Density has its benefits, but many affordable low-rise rental buildings are being destroyed, and their residents displaced. Planning puzzle or political problem?

Christopher Cheung

 [Tyee]

 

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Top 21 grants and rebates for property buyers and owners

1. Home Buyers’ Plan

Qualifying home buyers can withdraw up to $25,000 (couples can withdraw up to $50,000) from their RRSPs for a down payment. Home buyers who have repaid their RRSP may be eligible to use the program a second time.
Canada Revenue Agency
www.cra.gc.ca. Enter ‘Home Buyers’ Plan’ in the search box. 1.800.959.8287

2. GST Rebate on New Homes

New home buyers can apply for a rebate of the federal portion of the HST (the 5% GST) if the purchase price is less than $350,000. The rebate is up to 36% of the GST to a maximum rebate of $6,300. There is a proportional GST rebate for new homes costing between $350,000 and $450,000.
Canada Revenue Agency
www.cra-arc.gc.ca. Enter ‘RC4028’ in the search box. 1.800.959.8287

3. BC New Housing Rebate (HST)

Buyers of new or substantially renovated homes priced up to $525,000 are eligible for a rebate of 71.43% of the provincial portion (7% of the 12% HST) paid to a maximum rebate of $26,250. Homes priced at $525,000+ are eligible for a flat rebate of $26,250.

http://hst.blog.gov. bc.ca/faqs/new-housing-rebate1.800.959.8287

4. BC New Rental Housing Rebate (HST)

Landlords buying new or substantially renovated homes are eligible for a rebate of 71.43% of the provincial portion of the HST, up to $26,250 per unit.

http://hst.blog.gov.bc.ca/faqs/new-housing-rebate1.800.959.8287

5. Property Transfer Tax (PTT) First Time Home Buyers’ Program

Qualifying first-time buyers may be exempt from paying the PTT of 1% on the first $200,000 and 2% on the remainder of the purchase price of a home priced up to $425,000. There is a proportional exemption for homes priced up to $450,000.

BC Ministry of Small Business and Revenue.www.rev.gov.bc.ca/rpt250.387.0604

6. First-time Home Buyers Tax Credit (HBTC)

This is a non-refundable income tax credit for qualifying buyers of detached, attached, apartment condominiums, mobile homes or shares in a cooperative housing corporation. It’s calculated by multiplying the lowest personal income tax rate for the year (15% in 2009) by $5,000. For 2009, the maximum credit was $750.

Canada Revenue Agency www.cra.gc.ca/hbtc1.800.959.8281

7. BC Home Owner Grant

Reduces school property taxes by up to $570 on properties with an assessed value up to $1,050,000. For 2010, the basic grant is reduced by $5 for each $1,000 of value over $1,050,000, and eliminated on homes assessed at $1,164,000+. An additional grant reduces property tax by a further $275 for a total of $845 for seniors, veterans and the disabled. This is reduced by $5 for each $1,000 of assessed value over $1,050,000 and eliminated on homes assessed at $1,219,000+.

BC Ministry of Small Business and Revenue www.rev.gov.bc.ca/hogor contact your municipal tax office.

8. BC Property Tax Deferment Programs

  • Property Tax Deferment Program for Seniors. Qualifying home owners aged 55+ may be eligible to defer property taxes.
  • Financial Hardship Property Tax Deferment Program. Qualifying low-income home owners may be eligible to defer property taxes.
  • Property Tax Deferment Program for Families with Children. Qualifying low-income home owners who financially support children under age 18 may be eligible to defer property taxes.

BC Ministry of Small Business and Revenue www.sbr.gov.bc.ca and enter ‘Property tax deferment’ in the search box or contact your municipal tax office.

9. Canada Mortgage and Housing (CMHC) Residential Rehabilitation Assistance Program (RRAP) Grants.

This federal program provides financial aid to qualifying low-income home owners to repair substandard housing. Eligible repairs include heating, structural, electrical, plumbing and fire safety. Grants are available for seniors, persons with disabilities, owners of rental properties and for the creation of secondary and garden suites.

www.cmhc-schl.gc.ca/en/co/prfinas/prfinas_001.cfm1.800.668.2642 | 604.873.7408

10. CMHC Mortgage Loan Insurance Premium Refund

Provides home buyers with CMHC mortgage insurance, a 10% premium refund and possible extended amortization without surcharge when buyers purchase an energy efficient home or make energy savings renovations.

www.cmhc.ca/en/co/moloin/moloin_008.cfm#reno604.731.5733

11. LiveSmart BC: Efficiency Incentive Program

Home owners improving the energy efficiency of their homes who hire a certified energy advisor may qualify for cash incentives through this provincial program provided in partnership with Terasen Gas, BC Hydro, and FortisBC.

www.livesmartbc.ca/rebates1.866.430.8765

12. BC Residential Energy Credit

Home owners and residential landlords buying heating fuel receive a BC government point-of-sale rebate on utility bills equal to the provincial component of the HST.

http://hst.blog.gov.bc.ca/faqs/energy-credit604.660.4524

13. BC Hydro Appliance Rebates

Mail-in rebates of $25 – $50 for purchasers of ENERGY STAR clothes washers, refrigerators, dishwashers, or freezers between June 1, 2010 and March 31, 2011, or when funding for the program is exhausted.

www.bchydro.com/rebates_savings/appliance_rebates.html1.800.224.9376

14. BC Hydro Fridge Buy-Back Program (different from Appliance rebates)

This ongoing program rebates BC Hydro customers $30 to turn in spare fridges measuring 10 – 24 cubic feet in working condition.

www.bchydro.com/rebates_savings/fridge_buy_back.html 604.881.4357

15. BC Hydro Windows Rebate Program

Customers can save $100 per window on BC made ENERGY STAR windows until August 18, 2010.

www.bchydro.com/rebates_savings/current_offers.html

16. BC Hydro Mail-in Rebates/Savings Coupons

To save energy, BC Hydro offers rebates including 10% off an ENERGY STAR cordless phone; 50% off an E2™dual-flush toilet; $15 off a clothes drying rack; and 50% off Earth Massage showerheads. Check for deadlines.

http://www.bchydro.com/rebates_savings/coupons.html1.800.224.9376

17. Terasen Gas Rebate program

A range of rebates for home owners include a $25 gift cards for furnace servicing; $50 rebates for upgrading a water heater; $150 rebate on an EnerChoice fireplace; $1,000 rebate for switching to natural gas and installing an ENERGY STAR heating system.

www.terasengas.com/homes/Offers/LowerMainlandSquamish.html1.888.224.2710

18. SolarBC Incentives

Contractors will provide home owners buying a solar hot water system with a $2,000 discount at the point of sale until December 31, 2010.

www.solarbc.ca/learn/incentives-costs 1.866.650.6527

19. City of Vancouver Solar Homes Pilot

Offers $3,500 (about 50% of the cost) towards the cost of a solar hot water system for anyone building new homes in Vancouver. Offered by the City of Vancouver, SolarBC, Terasen Gas and Offsetters to 50 new homes on a first come, first served basis, January 2010 – March 2011, with building permits issued in 2010.

http://vancouver.ca/sustainability/SolarHomes.htm604.873.7748

20. RBC Energy-Saver Mortgage

Home owners who have a home energy efficient audit within 90 days of receiving an RBC Energy Saver™ Mortgage may qualify for a $300 rebate credited to their RBC account.

www.rbcroyalbank.com/products/mortgages/energy-saver-mortgage.html 1.800.769.2511

21. Vancity Green Building Grant

In partnership with the Real Estate Foundation of BC, Vancity provides grants up to $50,000 each to qualifying charities, not-for-profit organizations and co-operatives for building renovations/retrofits, regulatory changes that advance green building development, and education to increase the use of practical green building strategies.

https://www.vancity.com/MyCommunity/NotForProfit/Grants/ActingOnClimateChange
/GreenBuildingGrant

604.877.7000

Source: Real Estate Board of Greater Vancouver, August 2010

For all your premium real estate services, please contact Maria Mak and her team at 604-839-6368 , You'll be smiling too!

  

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