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Parc Seville MLS® Listings
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Building Info
Parc Seville Phase I - 16128 86th Avenue Surrey, BC V4N 3J9, LMS1482 - located on 86th Avenue and 161 Street in the heart of Fleetwood Tynehead in Surrey. This is a central location that is close to Fleetwood Town Square, a medical clinic, transit, major transportation routes, restaurants, IGA, Shoppers Drug mart, Holy Cross Regional High School, Frost Elementary School, Surrey Christian School, Starbucks, Safeway, Green Timbers Urban Forest and more! Direct access to major transportation routes allows an easy commute to surrounding destinations including Langley, Vancouver and YVR. Parc Seville is a family-oriented townhome complex that offers 69 beautiful homes built in 1995 that are professionally managed by Remax Property Management 604-821-2999. Exterior updates were completed in 2006 which include a new asphalt roof, complete fencing and exterior paint. Most homes feature three or four bedrooms, spacious floor plans, laminate flooring, cozy gas fireplaces, insuite laundry and a double garage with 2-car doorways. Residents can enjot their private patio spaces and large backyards. There is a common clubhouse that is perfect for social events. Parc Seville comprises of Phase II at 16061 85th Avenue and Phase I at 16128 86th Avenue. This is townhome living at it's finest!
Canadian government releases more details regarding its five year Housing Supply Challenge
The first round, dubbed the Data Driven phase, will attempt to address gaps in housing data “through technology or methodology-based solutions to improve data collection, sharing, analysis and integration, thus improving decision-making on housing supply,” the Canada Mortgage and Housing Corporation said late last week.
Condo investor lost much of their down payments during Covid-19 pandemic - analysis
After taking insurance into account, and assuming a 5% down payment, this translates to an average of 78% of a condo buyer’s down payment lost. As a disclaimer,Better Dwellingsaid that this calculation did not include any possible payments over the period due to the widespread loss of income nationwide.
Using the same calculation, Toronto was found to be especially worse off. Average condo price decline from April was at 1.86%, translating to a negative 111.2% return in equity. Even including payments over the period only leads to around 0.827% equity.
City of Vancouver, the lowest tax rate for commercial property among major Canadian cities
The tax shift is measured by a commercial-to-residential ratio that compares the commercial tax rate to the residential tax rate. For example, if the ratio is 2.50, a commercial property valued at $1 million dollars would incur property taxes 2.5 times higher than an equally-valued residential property.
Highlight on 2021 with regards emerging trends in Canadian real estate
“The coming year will be all about embracing opportunities to be resilient in the face of uncertainty, while shifting strategies in anticipation of market headwinds,” says Frank Magliocco, PwC Canada’s national real estate leader. “For the first time in a few years, we’re hearing divergent views from industry players about issues like the future of office spaces and the urbanization and suburbanization trends.”
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