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Building & Condo information

Tribute at Parc Central

20326 72b Avenue


Langley, V2Y 3E6 F6A - Langley City

Developers Website: www.essenceliving.com

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Building Info

Tribute at Parc Central - 20326 72B Avenue, Langley, BC V2Y 3E6, Canada. Crossroads are 72B Avenue and 73A Avenue located in the most sought-after neighbourhood of Central Gordon in Willoughby. The development is scheduled for completion in 2020. Tribute at Parc Central has a total of 80 units and has 3 stories. Sizes range from 2075 to 2427 square feet. Tribute at Parc Central is a new townhouse developed by Essence Properties.

Parc Central was born from a dream to build a community where people from every generation will feel a sense of place and connection to their neighbourhood.

Nearby Schools are Can BC Edu, Katzie Elementary School, R.C. Garnett Demonstration Elementary School, Langlley Meadows Community School, R.E. Mountain Secondary School, Fraser Valley School, Maddaugh Road Elementary School, JNA Homeschool, Peter Ewart Middle School, Hazelgrove Elementary School and Clayton Heights Secondary School. Supermarkets and grocery stores nearby are Real Canadian Superstore, IGA, Gruiticana, Save-On-Foods, Surrey Super Market, Safeway Willowbrook, Crosstown Food Market and Hannam Supermarket Langley.

Strata Sub Categories: Strata Townhouses
 

Tribute at Parc Central Technical Info

Building Name Tribute at Parc Central
Address 20326 72b Avenue
City Langley
Neighborhood Langley City
Listing Price Range N/A
Floors 3
Units in Development: 80
Units in Strata:80
Property Types Freehold Strata
Sub Categories:Strata Townhouses
Year Built 2020
Developer Essence Properties
Architect Name Focus Architecture
Architect Phone 604 853 5222
Architect Email info@focusai.ca
Strata Website colyvanpacific.com/
Management Colyvan Pacific Real Estat
  604-683-8399
 info@colyvanpacific..
Restrictions Details
Title to Land Freehold Strata
  

Tribute at Parc Central Building & Common Area Photos

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April 2024 Market Insights REBGV

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December Market Insights

Housing market resilient in 2023, ends year in balanced territory

Real Estate Related News Articles(Sun and Province) Search News  

Mandarin 
# Article Publish Date Source
1 Major civic project funding on the line as Burnaby saw $175M shortfall in developer money last year

The City of Burnaby took in $175 million less than expected in developer money last year – and that spells trouble for the future of the city’s major community amenity projects.

Burnaby expected to pocket almost $237.2 million from developers in 2023, but the city only took in about $62.2 million, almost three-quarters less than expected, according to the city’s annual municipal report.

The city took in $250.7 million in 2022.

Through its community benefit bonus program, the city funnels the developer money into its reserves dedicated to affordable housing and community amenities like recreation centres, cultural facilities and space for non-profit organizations.


Burnaby saw $175M Les in Revenues from Developers for CAC’s
2024/05/11 Western Investor
2 Vancouver council open to increasing slots, table games at existing casinos

Vancouver city council voted this week to allow for applications to increase the number of slot machines and tables at the city’s two casinos, on the condition they be accompanied by an assessment of their social and economic impacts.

The request to amend the city’s 2011 gambling moratorium was made by the B.C. Lottery Corp., which told council the city’s population has increased 22 per cent in the past decade and that the amendment is a first step to allow BCLC to look at ways of expanding its two existing facilities — the Parq casino in Yaletown and Hastings Racecourse in East Vancouver — rather than building more casinos.


The Parq Cascino in Yaletown is allowed to have 600 slot machines and 75 table games
2024/05/10 The Vancouver Sun
3 The city has contributed more than $172 million to non-market housing in the form of land

The City of Burnaby has a total of 1,040 non-market housing units, including rentals and co-ops, just built or in development on its land, according to a new city report, and there’s more on the way.

The city lands program for non-market housing, which was adopted in 2015, leases city-owned lands at a nominal rate to non-profit housing providers through a public request for proposals (RFP) process.

The city has contributed about $172.44 million as part of the program, including land, grants and on-and-off-site works, according to the report which accounts for 11 projects that recently completed or were in progress as of March 2024.

The assessed value of the land makes up more than $120 million of that $172-million total contribution for the 11 projects.


These are the non-market rental housing projects developed on Burnaby-owned land
2024/05/09 Western Investor
4 Household Financial Health and Housing Market Trends

According to the March 2024 Edge Report, current trends in debt service ratios and net worth may indicate areas of concern. The prevalence of static payment variable rate mortgages, household debt-to-GDP ratios, and Canada’s heavy reliance on real estate assets, may raise concerns about resilience.

In Q4 of 2023, debt servicing costs stayed stable, with the household debt service ratio holding steady at 15%. This ratio, which reflects the portion of disposable income allocated to debt repayment, remains significantly high, at levels not seen since 1990. A minor adjustment downwards from the previously reported peak of 15.2% in Q3 should be noted, however.


Consumer Health: Debt Service Ratios And Net Worth
2024/05/09 Canadian Real Estate Wealth
5 Canada’s New Housing Plan

The federal government’s new Housing Plan, announced on April 12, 2024 and supported by Budget 2024, introduced a provision aimed at helping renters build credit by integrating rent payments into credit histories. It proposes amendments to the Mortgage Charter, encouraging collaboration among fintech companies, credit bureaus, and lenders to include rental payment data in credit scores.

The government calls on these agencies to create an ecosystem where renters can choose to include their rental payment history in their credit scores. It also expects lenders to prioritize comprehensive credit information, including rental payment history, in credit evaluations whenever feasible.



Canada’s New Housing Plan: Linking Rental Payment History and Credit Scores
2024/05/08 Canadian Real Estate Wealth
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