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Lakewood Terrace MLS® Listings
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Building Info
Lakewood Terrace - 12088 66 Avenue Surrey, BC V3W 1Z9, LMS2150 - Located in the desirable area of West Newton in Surrey on 66 Avenue and 121 Street. This is a prime location that is close to transit, Beaver Creek Elementary, Kwantlen, Save-on-Foods, Strawberry Hill Shopping Centre, London Drugs, restaurants, Surrey Public Library, Watershed Park, recreation, medical services and more! Direct access to major highways allows an easy commute to surrounding destinations including Langley, Downtown Vancouver, Whiterock, Delta and Richmond. Lakewood Terrace offers three levels with 51 units built in 1997 and are professionally managed. Most homes feature spacious floor plans, 9' ceilings, in-floor heating, insuite laundry, oversized windows, spacious balconies for upper units and patio areas for lower units. This is a well maintained building that offers a clubhouse, elevators, storage lockers, secured underground parking and visitor parking. Residents can enjoy the common greenspace with walkways, manicured gardens, ponds and a waterfall feature. Lakewood Terrace is in a desirable neighbourhood in Surrey with condo living at it's finest!
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 30,944 in 2020, a 22.1 percent increase from the 25,351 sales recorded in 2019, and a 25.7 percent increase from the 24,619 homes sold in 2018.
November 2020 Market Insights
REBGV 23% increase on Listing in MLS from last year. For November 2020 over 4068 newly listed. Continuing demand for Detached Home and Townhouse with the benchmark price of $1,044,000
October 2020 Market Insights
October 2020 showing a robust Sales-to-Active Listing Ratio with a high mark of 30% means that Market conditions prices typically stable based on the given the baseline of 12-20%. Based on this given data the continued demand for Townhomes, Detached Homes
September 2020 Market Insights
September had a fantastic sales of 56% over the same period last year. Listings were 32% over last year
Real Estate Related News Articles(Sun and Province)Search News
Q1 net income increase compare to previous quarter
The bank’s capital position remained “robust”, with a CET1 ratio of 12.5% “supporting strong volume growth and $1.5 billion in common share dividends paid.” RBC also boasted of a strong average Liquidity Coverage Ratio (LCR) of 141%.
According to CREA, as the spring market approaches, the current pace of home sales growth might be inhibited by an evident lack of supply, particularly in Ontario markets, to meet growing home buyer demand.
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