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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
River Rock - 1005 Lynn Valley Road, North Vancouver, BC V7J 1Z6, Canada LMS4417. River Rock is located on Lynn Valley Road and St. Christophers Road in the convenient neighbourhood of Lynn Valley, North Vancouver. Built in 2001, River Rock offers 62 homes that are well maintained and professionally managed by Southview: 604- 270-8811. Maintenance fees include a caretaker, gas, hot water, garbage pickup, gardening, and management. River Rock allows rentals and 1 pet with restrictions.
This is a prime location just minutes away from North Vancouver District Public Library, Zellers, Safeway, The Black Bear Pub, and Lynn Valley Shopping Centre. It is also close to Lynn Canyon which has a suspension bridge, an ecology centre, and many hiking trails both short and long. It is also close to the Karen Magnusson Rec. Centre which has a large swimming pool, and an ice rink. Transit and major routes are close by and within walking distance.
Other address in the complex include 1005, 1015, 1027 and 995 Lynn Valley.
Sales in BC for June are up 17% from last year. Listings in June are still below average.
Understanding the Buyer’s Agency Exclusive Contract
what are the information that need to know about the Buyer's Agency Exclusive Contract.
May 2020 Market Insights
Sales for May are up 34% from April and down 44% for May last year. Listings are down 37% from the same period last year, but 59% increase over April listings
BCREA Housing Market Update (June 2020)
Province May sales were down 45% compared to May 2019. Listings are down 10% year-over-year.
Real Estate Related News Articles(Sun and Province)Search News
While Bill 197 is unlikely to make headlines for its real estate components – it is an exceptionally broad piece of legislation – it could lead to increased costs for developers. Anyone who has dabbled in the new construction space will know what that means.
“At the end of the day, when they say ‘The developer has to pay this, and the developer has to pay that,’ there’s only one person who pays for that – that’s you and me who buy the house,” says Leor Margulies of Robins Appleby Barristers and Solicitors. “The developer doesn’t pay for anything. If the cost is too high, he doesn’t do the project. If the cost can be passed on in a purchase price, then the purchaser pays for that.”
The impact of Covid-19 increasing the rental availability in downtown Toronto
“The influx in inventory gives renters more options to choose from at a better price, which is a very different picture from last year when rental vacancies were at an all-time low.”
Approximately one million Canadians (4 per cent) said they are thinking of moving in with family.
Of those moving, by far the biggest trend are grown adults moving back in with their parents. About 1.5 million Canadians have said they have moved home due to the COVID-19 crisis, and 860,917 parents have said their kids have already moved back in.
Teranet-National Bank data report that housing market will slowdown
Teranet addressed the optimism shown in other reporting data. The organization remained cautious, however, about the state of Canada’s housing market.
“According to CREA, overall Canadian home sales returned to a more normal level, and this should be soon reflected in land registries,” the release reads. “But question marks still lie ahead. We expect the Canadian unemployment rate to remain elevated for a while. In this context, demand for housing may decrease due to a reduction in immigration and would-be first-time homebuyers not being able to qualify for a mortgage loan.”
The road to a full recovery, defined as economic activity reaching its pre-COVID-19 level, B.C
British Columbia is poised to weather the economic uncertainty of the COVID-19 better than all other provinces, according to a new report from Deloitte Canada.
“The B.C. economy will be the outperformer, posting the mildest downturn and returning to pre-COVID levels the quickest,” Deloitte Canada chief economist Craig Alexander wrote in a June 25 outlook.
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