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MLS® Disclaimer for BC: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Building Info
Creekside at 24076 112 Avenue, Maple Ridge, BC V2W 1H6, Canada. Crossroads are 112 Avenue and 240 Street. This new townhouse development by StreetSide Developments (British Columbia. The development was completed in 2019. Sales for available units range in price from $559,900 to over $635,900. Sizes range from 1424 to 1714 square feet. A master-planned community of 130 beautifully designed contemporary townhomes nestled amongst old growth trees, wild flowers, and big skies filled with fresh air. Set away from the city, this is where natures rhythm and endless outdoor adventure coexist in perfect harmony. Arrive home to your own secluded sanctuary with three large bedrooms and a wide open floorplan. Gourmet kitchens are equipped with timeless stainless steel Whirlpool appliances, chrome Grohe faucets, and polished Caesarstone countertops. Warm heritage/modern colour tones throughout with classic shaker-style doors and hardwood laminate flooring. A welcoming main floor opens to an airy nine foot ceiling with an elegant guest powder room. A deep soaker tub adorns the main bathroom with a luxurious frameless glass shower in the master ensuite. Theres even plenty of room for storing over-sized sports equipment in your side-by-side or tandem-style parking garage.
The private Creekside Clubhouse is where friends meet, families celebrate birthdays, relatives enjoy a holiday dinner, and kids play hide-and-go-seek. Its an exclusive residents space with a handy kitchenette, a comfortable lounge, and a large flat screen television. French doors lead out towards a spacious patio complete with comfy outdoor seating. The open lawn area is the perfect green space for badminton, bocce or an impromptu game of soccer with neighbours. This is where the Creekside community gathers to create special memories that will last for a lifetime.
A family oriented community that comes from humble beginnings and pure pioneering spirit. Today, downtown Maple Ridge has remnants from the past interwoven with the new businesses and attractions of the present. A cultural hub filled with schools, libraries, parks, museums, theatres, art galleries, and evening entertainment. Wine producers, artisan cheese makers, and farmers markets add local flavour and help create a unique down-to-earth lifestyle. If you need to go elsewhere, then access to the lower mainland is easy by the West Coast Express, the Lougheed Highway, or the Golden Ears Bridge.
Official Website: https://livecreekside.ca Phone: 778-572-8218 Email: info@livecreekside.ca Sales Address: 5620 152 Street, 310, Surrey, British Columbia, V3S 3K2, Canada
Strata Sub Categories: Strata Townhouses
Vancouver council open to increasing slots, table games at existing casinos
Vancouver city council voted this week to allow for applications to increase the number of slot machines and tables at the city’s two casinos, on the condition they be accompanied by an assessment of their social and economic impacts.
The request to amend the city’s 2011 gambling moratorium was made by the B.C. Lottery Corp., which told council the city’s population has increased 22 per cent in the past decade and that the amendment is a first step to allow BCLC to look at ways of expanding its two existing facilities — the Parq casino in Yaletown and Hastings Racecourse in East Vancouver — rather than building more casinos.
The city has contributed more than $172 million to non-market housing in the form of land
The City of Burnaby has a total of 1,040 non-market housing units, including rentals and co-ops, just built or in development on its land, according to a new city report, and there’s more on the way.
The city lands program for non-market housing, which was adopted in 2015, leases city-owned lands at a nominal rate to non-profit housing providers through a public request for proposals (RFP) process.
The city has contributed about $172.44 million as part of the program, including land, grants and on-and-off-site works, according to the report which accounts for 11 projects that recently completed or were in progress as of March 2024.
The assessed value of the land makes up more than $120 million of that $172-million total contribution for the 11 projects.
Household Financial Health and Housing Market Trends
According to the March 2024 Edge Report, current trends in debt service ratios and net worth may indicate areas of concern. The prevalence of static payment variable rate mortgages, household debt-to-GDP ratios, and Canada’s heavy reliance on real estate assets, may raise concerns about resilience.
In Q4 of 2023, debt servicing costs stayed stable, with the household debt service ratio holding steady at 15%. This ratio, which reflects the portion of disposable income allocated to debt repayment, remains significantly high, at levels not seen since 1990. A minor adjustment downwards from the previously reported peak of 15.2% in Q3 should be noted, however.
The federal government’s new Housing Plan, announced on April 12, 2024 and supported by Budget 2024, introduced a provision aimed at helping renters build credit by integrating rent payments into credit histories. It proposes amendments to the Mortgage Charter, encouraging collaboration among fintech companies, credit bureaus, and lenders to include rental payment data in credit scores.
The government calls on these agencies to create an ecosystem where renters can choose to include their rental payment history in their credit scores. It also expects lenders to prioritize comprehensive credit information, including rental payment history, in credit evaluations whenever feasible.
Federal Budget 2024: What are the proposed capital gains tax changes and how might they affect me?
The capital gains tax inclusion rate – today and tomorrow
Today, only 50% of the capital gain is taxable (this is known as the capital gains tax inclusion rate). This means that $50,000 of the $100,000 earned from the sale of the cottage in our example is added as income for that tax year.
Here’s an example:
Your regular income, earned from your full-time job, is $75,000
You make a $100,000 profit from the sale of your cottage (after you pay real estate fees, closing costs, etc.)
50% of the profit is taxable, which means you add $50,000 to your income during the tax year in which you realized this capital gain
$75,000 + $50,000 = a total income for that tax year of $125,000
The amount of tax you ultimately pay in that year will depend on your tax bracket and its marginal tax rate.
Overview • West Coast inspired townhomes, located kitty corner to StreetSide’s popular development Maple Heights, in the desirable east Maple Ridge neighbourhood • Created by StreetSide Developments – a Qualico® company, recognized as the largest integrated Real Estate company in Western Canada with over 65 years of history • Convenient access to transit and major commuter routes • Unique site adjacent to Siegel Creek, featuring lush greenspaces, meandering pathways and an outdoor children’s play area • All homes feature 3 bedrooms, rear or front yards and tandem or side by side parking garages • The resident’s private clubhouse will be a community meeting space with kitchenette and outdoor social space
Interiors
• Choice of two timeless heritage modern interior colour schemes by Portico Design Group • Airy 9 foot ceilings and programmable thermostat on the main floor • All homes feature powder rooms on the main living floor • High quality carpeting in bedrooms, 12”x24” porcelain tile in baths and hardwood style laminate flooring throughout the living, dining and kitchen areas • Classic shaker style interior doors throughout the home • Whirlpool™ high efficiency, front loading washer and dryer
Kitchens
• Warm wood or cool white laminate cabinets with a feature accent wall of cabinetry • Polished Caesarstone™ quartz countertops • Gourmet, stainless steel appliance package including: ° Whirlpool™ slide in gas range with cast iron grates ° Whirlpool™ chimney style ENERGY STAR® hood fan ° Built-in Panasonic Genius® microwave with trim kit ° Whirlpool™ French door counter-depth ENERGY STAR® qualified refrigerator with bottom-mount freezer drawer ° Whirlpool™ built-in ENERGY STAR® dishwasher with stainless steel tub • Double bowl undermount stainless steel sink with Grohe™ faucet • Recessed under cabinet task lighting • Soft close doors and drawers on all cabinetry
Bathrooms
• Modern wood laminate cabinetry with polished chrome hardware • Polished quartz countertops by Caesarstone™ • Undermount basin sinks • Grohe™ chrome fixtures • Oversized ceramic and porcelain tiles in the main bathroom • High efficiency, WaterSense® toilets by American Standard • Deep luxurious soaker tubs in the main bathroom • Ensuite features: ° 12”x24” porcelain floor and wall tiles ° Frameless glass shower with porcelain tile surround
Technology & security
• All homes are pre-wired for in-home security system and built in vacuum system of your choice • Gas barbeque outlets included on decks or patios (plan dependent) • Convenient multifunction media ports for telephone, data and cable • Home entertainment is provided by TELUS, and includes 1 year pre-paid plan • Comprehensive warranty protection by Travelers Guarantee Company of Canada, providing coverage for: ° 2-Year Material & Labour Warranty – First 12 months – coverage for any defect in materials and labour – First 15 months – coverage for any defects in materials and labour in the common property – First 24 months – coverage for any defect in materials and labour supplied for the electrical, plumbing and HVAC systems ° 5-Year Building Envelope Warranty ° 10-Year Structural Defects Warranty
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