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Royal Terrace

11726 225th Street


Maple Ridge, V2X 6E4 VMREC - East Central

  • Levels: 3
  • Suites: 44
  • Status: Completed
  • Built: 1989
  • Title To Land: Freehold Strata
  • Building Type: Strata Townhouses
  • Strata Plan: NWS2316
  • Management company:  Fraser Campbell Property M
  • Phone  604-585-3276  
  • E-mail  info@frasercampbell.com  
  • Bldg#: 520

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Building Info

Royal Terrace - 11726 225th Street, Maple Ridge, BC V2X 6E4, NWS2316 - located in East Central area of Maple Ridge, near the crossroads 225th Street and North Avenue, just of Lougheed Hwy. Royal Terrace is a short walk to downtown with its amenities and shopping. Maple Ridge Museum, Brickwood Park, Southridge Centre, Starbucks Coffee, London Drugs, Epic Yoga and Fitness Studio, Save-on-Foods, REVS Maple Ridge, Curves, Zellers, Scotiabank, Memorial Peace Park, Blenz Coffee, Haney Shopping Plaza, Municipal Hall, Maple Ridge Public Library, Maple Ridge Arts Centre and Theatre are in the neighbourhood. The restaurants close to the complex are China Kitchen, A&W Restaurant, McDonald's, Red Robin, Dino''s Place, Papa John's Pizza, Soprano's Pizza, Bean Around Books and Mona Pizza. The closest schools are Eric Langton Elementary, Golden Ears Elementary, Harry Hooge Elementary, Kanaka Creek Elementary, Alexander Robinson Elementary, Maple Ridge Secondary and Meadowridge School. The residents of Royal Terrace have an easy access to Haney By-Pass, Lougheed Hwy and Golden Ears Bridge. The bus stops near the complex and the West Coast Express is walking distance away. Royal Terrace was built in 1988 with a frame-wood construction and vinyl exterior finishing. There are 44 units in strata: 16 units at 11724 225th Street and 28 units at 11726 225th Street. This three-level building features wheelchair access, in-suite laundry and covered parking. Most homes offer a lot of windows, large patios, cozy fireplaces, vaulted ceilings, spacious rooms and sun decks. A lot of units have been updated and boast newer kitchens, hardwood floors, crown molding and open kitchen/dining/living areas. Some homes offer views of the Fraser River. 

Strata Sub Categories: Strata Townhouses
 

Royal Terrace Technical Info

Building Name Royal Terrace
Address 11726 225th Street
City Maple Ridge
Neighborhood East Central
Listing Price Range N/A
Floors 3
Units in Development: 44
Units in Strata:44
Property Types Freehold Strata
Sub Categories:Strata Townhouses
Year Built 1989
Strata Website www.frasercampbell.com/
Management Fraser Campbell Property M
  604-585-3276
 info@frasercampbell..
Restrictions Details
Strata Plan NWS2316
Title to Land Freehold Strata
  

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Other Buildings in Complex/Area

  1. A Royal Terrace - 11724 225TH STREET - NWS2316
  2. B North Fraser Estates - 22466 NORTH AVE - BCS1620
  3. C N/a - 11701 FRASER STREET - NWS8
  4. D 11715 Fraser Street - 11715 FRASER STREET - NWS8
  5. E 11709 Fraser Street - 11709 FRASER STREET - NWS8
  6. F 11723 Fraser Street - 11723 FRASER STREET - NWS8
  7. G Belmar Terrace - 11671 FRASER STREET - LMS683
  8. H Brickwood Place - 11595 FRASER STREET - NWS3379
  9. I Fraserview Village - 22515 116TH AVE - NWS2547
  10. J 22367 St Anne Ave - 22367 ST ANNE AVE - NWS1811
  11. K Richmond Hill - 22488 116TH AVE - NWS3383
  12. L St Anne Place - 22351 ST ANNE AVE - LMS2749
  13. M Golden Ears Gate - 22661 LOUGHEED HIGHWAY - NWS2977
  14. N Schecker Building - 22347 LOUGHEED HIGHWAY - LMS4016
  15. O Fraser Court - 22514 116TH AVE - NWS2997
  16. P Centro - 22363 SELKIRK AVE - BCS2743
  17. Q Haney's Landing - 11665 HANEY OTHER - BCS2550
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September 2021 Market Insights

August 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,152 in August 2021, a 3.4 per cent increase from the 3,047 sales recorded in August 2020, and a 5.2 per cent decrease from the 3,326 homes sold in July 2021.

July 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,326 in July 2021, a 6.3 per cent increase from the 3,128 sales recorded in July 2020, and an 11.6 per cent decrease from the 3,762 homes sold in June 2021.

June 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,762 in June 2021, a 54 per cent increase from the 2,443 sales recorded in June 2020, and an 11.9 per cent decrease from the 4,268 homes sold in May 2021.

May 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,268 in May 2021, a 187.4 per cent increase from the 1,485 sales recorded in May 2020, and a 13 per cent decrease from the 4,908 homes sold

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3 CREA and RECO issued a notice about steering to over 93,000 real estate agents

"In addition to being illegal, the conduct undermines consumer protection, consumer confidence and the reputation of the real estate profession as a whole," said the notice.

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4 Canadians hoping to enter the housing market to homeownership for qualified first-time buyers

 It remains to be seen whether proposed tweaks can revive the much-maligned federal program

On paper, it seemed a welcome break for Canadians hoping to enter the housing market: a federal incentive program aimed at reducing the monthly mortgage burden and easing the passage to home ownership for qualified first-time buyers.

Over two years after its introduction, though, the jury is still out on whether the First-Time Home Buyer Incentive, unveiled by the federal government in September 2019, has had any significant impact in addressing the mounting challenges faced by would-be homeowners across the country.

Figures released to Parliament in April painted a damning picture of the program, revealing that it had seen an uptake of just over 9,000 successful applicants since its introduction – with the $170 million released in incentives representing a small fraction of the program’s $1.25 billion overall value.

One of the most significant stumbling blocks in the incentive, which offers mortgage relief through a shared-equity program between homebuyers and the government, appeared to be the fact that ever-soaring house prices across much of Canada meant that it had little impact on prospective buyers in the country’s hottest markets.

While the government introduced changes to the program late last year – announcing increased household income and buyer’s income thresholds for Vancouver, Victoria and Toronto – those amendments still meant that the program’s maximum eligible home price remained well below the going rate in those markets.

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Still, the governing Liberals have stuck resolutely by the plan, announcing in their platform prior to September’s federal election – in which they were returned to government, having emerged once more as the largest party in Parliament – that they would retain and rejig the scheme if re-elected.

Under that platform’s proposals, changes to the program would give applicants a choice between the current shared-equity approach and a loan that’s repayable when the property is eventually sold – theoretically allowing new homebuyers to keep more of any increase in their home’s value while also reducing mortgage costs.

CanWise Financial president and RateHub co-founder James Laird told Canadian Mortgage Professional in recent weeks that the First-Time Home Buyer Incentive was an “illogical, complex program” that made little sense and should have been abandoned completely, rather than reworked.

In Newfoundland and Labrador, Robert Jennings (pictured top), owner and mortgage broker at East Coast Mortgage Brokers, said that while the scheme was often raised as a topic among clients, actual uptake had proven limited.

“I would say we have a fair amount of conversations, but it doesn’t lead to a lot of usage,” he said. “The usage rate is very low. I believe if I were to pinpoint it, the lean on the property [government involvement] would be really discouraging to a young, proud first-time homebuyer.

“I feel like maybe in Newfoundland in particular, there’s a home ownership pride that they don’t want to share or give up… Of course, there’s the eligibility issues as well. It seems like in a lot of cases trying to put a square peg in a round hole.”

Read next: What the Canada election result means for the mortgage industry

While Jennings said that the scheme had arguably fallen short in its attempts to create a smoother path to first-time home ownership, he believes efforts at a federal level to address the country’s growing housing affordability crisis are to be applauded.

“Everybody made it a big deal in their platforms – not just first-time home ownership, but home ownership in general and affordability,” he said. “I just really hope that they re-evaluate everything.

“They had good intentions, but I feel like they missed the mark. There’s no reason not to try; the problem’s not going away. I’d like to see what happens when the dust settles and I hope that it [the housing crisis] remains a priority, because they certainly made it seem like it would on the campaign trail.”

A good place to start, Jennings said, would be for the federal government to work collaboratively with stakeholders and those who work daily in the mortgage and housing industries – whether that be on changes to the stress test or potential longer-term amortizations.

“What I want is them not to do things blindly,” he said, “to embrace input, do their homework and try to get it done – but also get it done right.”

 

 

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