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The Terraces Two

19790 55a Ave


Langley, V3A 0K6 F6A - Langley City

Official Website: www.liveattheterraces.com/two Developers Website: www.waterstockproperties.com
  • Levels: 3
  • Suites: 17
  • Status: Completed
  • Built: 2018
  • Title To Land: Freehold Strata
  • Building Type: Strata
  • Bldg#: 15026

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The Terraces Two MLS® Listings

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Building Info

The Terraces Two - 19790 55A Avenue, Langley, BC V3A 0K6, Canada. Crossroads are 55A Avenue and 198 Street. A stunning collection of 17, 3-storey townhomes. Completed in 2018. The open-concept homes will feature contemporary designs and fixtures including European oak hardwood floors, plush, carpeted bedrooms, 9 ceilings on the main floor, and large Energy Star windows that bathe the space in natural light. Developed by Watershock Properties. Architecture by Atelier Pacific Architecture. Maintenance fees includes garbage pickup, gardening, management, snow removal and water.

The Terraces Two feature James HardiePlank and HardiePanel siding with cedarwood and cultured stone accents. Step outside, and enjoy lush landscaping, flowering shrubs, plants and grasses, along with lighting and garages. Customize the cabinets to suit your refined style and choose between classic white, Shaker-style cabinets or contemporary slab door cabinets with chrome hardware and soft-close doors & drawers.

The closest park is Brydon Park. Schools nearby are Relevant High School, Diamond Elementary School, Douglas Park Community School, Nicomekl Elementary, Blacklock Fine Arts Elementary, H.D. Stafford Middle School, and Media Centre. Grocery stores and supermarkets nearby are Michael's No Frills, Save-On-Foods, Safeway, H-Mart, Real Canadian Superstore, and Glenn's No Frills. Short drive to Willowbrook Shopping Centre, Langley Regional Airport, and City of Langley Library.

Other buildings in complex: The Terraces Three - 19760 55 Ave, , The Terraces - 19789 55 Ave, The Terraces Two - 19790 55A Ave

Official Website: www.liveattheterraces.com/two
Phone: 778-980-6003
Strata Sub Categories: Strata
 

The Terraces Two Technical Info

Building Name The Terraces Two
Address 19790 55a Ave
City Langley
Neighborhood Langley City
Listing Price Range N/A
Floors 3
Units in Development: 17
Units in Strata:17
Property Types Freehold Strata
Sub Categories:Strata
Year Built 2018
Developer Waterstock Properties
Architect Name Atelier Pacific Arch
Architect Phone 604-662-8689
Architect Email info@atelierpacific.com
Official Website www.liveattheterra
Restrictions Details
Title to Land Freehold Strata
  

The Terraces Two Building & Common Area Photos

Townhomes Exterior
Building Exterior
Building Exterior Aerial View
Building Exterior Night
Bedroom
Kitchen
Rooftop Terrace
Kitchen & Living Area

Complex Site Map (Click image to enlarge)

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Complex Site Map (Click image to enlarge)

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

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Other Buildings in Complex/Area

  1. A Madison Villas - 5516 198TH STREET - BCS3201
  2. B Marquee - 19752 55A AVE - EPS1969
  3. C Brooklyn Wynd - 5488 198TH STREET - BCS1942
  4. D Brydon Walk - 5454 198TH STREET - BCS2287
  5. E Madison Station - 19760 56TH - BCS2040
  6. F Creekside Estates - 5438 198TH STREET - BCS1314
  7. G Madison Station - 19774 56TH AVE - BCS2040
  8. H Madison Place - 19730 56TH AVE - BCS2487
  9. I Zora - 19830 56TH AVE - BCS3128
  10. J Creekside Villas - 5438 198 STREET - BCS1314
  11. K The Wesley - 5475 Brydon CRES -
  12. L Madison Station - 19774 56 AVE - BCS2040
  13. M Madison - 19720 56TH AVE - BCS2487
  14. N Rosie Court - 19860 56TH AVE - NWS2297
  15. O Mclellan Corner - 19690 56TH AVE - NWS2850
  16. P Willowgate - 19700 56TH AVE - LMS4044
  17. Q Chenier Place - 19908 56TH AVE - LMS772
  18. R Mason Court - 19897 56TH AVE - LMS3986
  19. S 19920 56th - 19920 56TH AVE - NWS3404
  20. T Madison Crossing - 19939 55A AVE - BCS3809
  21. U Bearing Pointe - 19936 56TH AVE -
  22. V Bearing Pointe - 19936 56 AVE - BCS4421
  23. W Tulip Court - 19952 56TH AVE - NWS2463
  24. X 19962 56th - 19962 56TH AVE - NWS2646
  25. Y Huntsfield Green - 19649 53RD AVE - NWS3354
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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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1 Growth in condo market share across the Canadian real estate market in 2021

Canadian real estate market sees higher share of condos in 2021, in wake of rising detached housing values; affordability shifts demand for condominiums into high gear in 2021


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2 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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3 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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4 Discover in Surrey the New Bristol Estate transforming its neighborhood includes 6.27 acre property

The Surrey Centre Official Community Plan aims to transform the neighbourhood from a suburban town centre into a walkable, high-density and transit-oriented downtown for the South of Fraser region. The density and mix of uses is meant to create a city centre that is “more animated, livable and a place that thrives economically where residents can work, play, and live in their neighbourhood.”


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The real estate council didn't agree, arguing Behroyan's willingness to "defraud a client signals an issue concerning good character and suitability that represents a threat to the public, and a threat to public confidence in the real estate industry."


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