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Building & Condo information

The Colonial

12296 224th Street


Maple Ridge, V2X 0M3 VMREC - East Central

  • Levels: 2
  • Suites: 54
  • Status: Completed
  • Built: 1988
  • Title To Land: Freehold Strata
  • Building Type: Strata Townhouses
  • Strata Plan: NWS2777
  • Bldg#: 769

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The Colonial MLS® Listings

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Building Info

The Colonial -12296 224 St, Maple Ridge, BC V2X 0M3, Canada, NWS2777 - located in East Central area of Maple Ridge, near the crossroads 224th Street and 124th Avenue. The Colonial is walking distance to Eric Langton Elementary, Reg Franklin Park, St. Patrick's School, Alouette Park, Alouette Elementary School, Fletcher Park, Merkley Park, Maple Ridge Secondary School, Maple Ridge Public Library, Headstart Montessori, King park, Haney Shopping Plaza, Starbucks Coffee, Municipal Hall, Maple Ridge Arts Centre and Theatre, Haney Place Mall, Zellers, Save-on-Foods, Memorial Peace Park, Scotiabank, Southridge Centre, Curves, Epic Yoga and Fitness Studio, London Drugs and Blenz Coffee. The restaurants in the neighbourhood are McDonald's, Mona Pizza, A&W Restaurants, Shinobi Japanese, Marina's Gelato, Bean Around Books, Dino's Place, King's Kitchen, China Kitchen, Red Robin, Papa John's Pizza. The residents of The Colonial have easy access to Lougheed Hwy, Dewdney Trunk Road and Golden Ears Bridge. The bus stops are next to the complex and West Coast Express only minutes of drive away. The Colonial was built in 1988 with a frame-wood construction and vinyl exterior finishing. There are 54 units in development and in strata. This is an adult-oriented community with an age restriction 19 and above. This two-level complex offers a lounge, a garden, a club house, detached workshop and in-suite laundry. Most homes feature carpets in bedrooms, tiles in bathrooms, sun decks, spacious rooms and one covered parking space. The Seniors Recreation Centre (E.C.R.A.) is a short walk away. 

Strata Sub Categories: Strata Townhouses
 

The Colonial Technical Info

Building Name The Colonial
Address 12296 224th Street
City Maple Ridge
Neighborhood East Central
Listing Price Range N/A
Floors 2
Units in Development: 54
Units in Strata:54
Property Types Freehold Strata
Sub Categories:Strata Townhouses
Year Built 1988
Restrictions Details
Strata Plan NWS2777
Title to Land Freehold Strata
  

The Colonial Building & Common Area Photos

Exterior Front
Exterior Front
Exterior Back
Exterior Side

The Colonial Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Other Buildings in Complex/Area

  1. A Deer Creek Place - 12334 224TH STREET - NWS2464
  2. B Maxx - 12283 224TH STREET - BCS3276
  3. C Stonegate - 12258 224TH STREET - BCS2665
  4. D Stonegate - 12268 224TH STREET - BCS2665
  5. E Urbano - 12248 224TH STREET - BCS2621
  6. F Urbano - 12238 224TH STREET - BCS2621
  7. G Alexa - 22388 124TH AVE - EPS1073
  8. H Alexa - 22385 124 AVE -
  9. I Creekside Village - 22411 124TH AVE - NWS2652
  10. J Creekside Village - 22412 124TH AVE - NWS2652
  11. K Cottonwood Place - 12206 224TH STREET - LMS873
  12. L The Evergreen - 12207 224TH STREET - LMS3721
  13. M Brandy Wynd - 22308 124TH AVE - NWS3018
  14. N Hillside Terrace - 22280 124TH AVE - LMS608
  15. O Mountain View Terrace - 22275 123RD AVE - LMS608
  16. P The Gardens - 22277 122ND AVE - LMS1802
  17. Q Magnolia Gate - 22255 122ND AVE - BCS2179
  18. R Copperstone Ridge - 22206 124TH AVE - BCS3060
  19. S Creekside Village - 22411 124 AVE - NWS2652
  20. T Wildwood Terrace - 12170 222 STREET - NWS612
  21. U Cottonwood Place - 12206 224 STREET - LMS873
  22. V The Evergreen - 12207 224 STREET - LMS3721
  23. W Urbano - 12238 224 STREET - BCS2621
  24. X Urbano - 12248 224 STREET - BCS2621
  25. Y Stonegate - 12258 224 STREET - BCS2665
  26. Z Stonegate - 12268 224 STREET - BCS2665
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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.

Across the country, the National Realtor Code of Ethics, as well as provincial real estate laws, dictate that agents must act with honesty and promote the interests of the individual they represent. Some provincial laws, including in Alberta and Ontario, address the issue of steering specifically.


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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.

The program has faced staunch opposition from the get-go, with Conservative MPs Tom Kmiec and Stephanie Kusie urging the government to scrap the scheme in May 2020 after it had been in operation for less than a year.

Read more: Conservative MPs urge feds to eliminate First-Time Homebuyer Incentive

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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