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MLS® Disclaimer for BC: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Building Info
Winchester - 21867 50th Avenue, Langley, BC V3A 3T2, 3 levels, 141 townhouses in two phases, built 2011 - located at the corner of 218th Street and 50th Avenue in the heart of Murrayville Langley. Winchester is a master-planned urban village that is being developed and designed by a team of award-winning professionals: ParkLane Homes, Rositch Hemphill & Associates Architects with the interiors by Sarah Brown & Company. Winchester consists of 141 modern three & four bedroom townhouses in two phases ranging from 1283 - 2283 square feet. With the West Coast craftsman style architecture as well as beautifully landscaped green spaces provide an outstanding exterior facade and curb appeal for these new Winchester residences. Just like a park outside, the interior finishes are to die for including open plans with 9' ceilings, laminate flooring, Berber carpets in the bedrooms, large windows, electric fireplace with cultured stone surround, black or stainless steel appliance packages, shaker style cabinets, tiled backsplash and stone kitchen counters, breakfast bar and pantry linen cupboards, double vanities, tile flooring and accents in ensuites, soaker tubs, separate shower stalls, upstairs laundries, two car garages, fully finished basements, private fenced backyards, front decks and views of the North Shore mountains.
Winchester is within walking distance to the WC Blair Rec Centre, Denny Ross Memorial Park, Five Corners, Porter's Coffee & Tea House, Langley Fundamental Elementary School, Credo Christian High School, Murray's Corner shopping and banking as well as Langley Memorial Hospital. Also close by the Winchester homes is Tall Timber Golf Course, Langley Secondary School, Twin Ice Rinks, Willowbrook Rec Centre, big box retails, Chapters, Starbucks, Sears, Costco, and the Langley Events Centre.
Conference Board of Canada foreseeable outlook for Canadian Real Estate economy
The Board’s Canadian Outlook Summary: Summer 2020, in contrast to projections made by institutions like the Canadian Mortgage and Housing Corporation, predicts less dramatic declines in housing prices, but its remaining insights track closely with projections that see the damage done to Canada’s economy at the hands of COVID-19 lingering well into 2021.
Prices steady as resale home sales increase Metro Vancouver's June housing sales up month-over-month and 17 per cent above June 2019 with prices higher than a year ago
The total number of homes currently listed for sale on the MLS system in Metro Vancouver is 11,424. That's 23.7 per cent down from the 14,968 homes that were listed for sale in June 2019, but up 15.1% per cent from the 9,927 listed properties in May 2020.
For all property types, the sales-to-active listings ratio for June 2020 was 21.4 per cent. By property type, the ratio is 19.9 per cent for detached homes, 25.2 per cent for townhomes, and 21.3 per cent for apartments. Real estate insiders tend to describe the market as a “buyers’ market” when the sales-to-active-listings ratio is less than 12 per cent, and a “sellers’ market” when that ratio is above about 20 per cent for several months in a row.
Sales of detached homes in June reached 866, up 16.1 per cent from the 746 detached sales recorded in June 2019. The benchmark price for a detached home was $1,464,200, up 3.6 per cent from June 2019, and up 0.5 per cent from May 2020.
RE/MAX: COVID-19 can’t slow demand in Toronto real estate market
COVID-19 has not significantly deterred buyers in Toronto due to the market-friendly monetary and fiscal conditions driven by the federal government and the Bank of Canada, according to a RE/MAX analysis.
While employment levels have fluctuated and businesses have placed themselves on hold over the last few months, “at the same time, there has been sustained activity in the number of buyers compared to available listings,” RE/MAX said. “This is one of the chief factors in supporting price growth relative to last year’s pace, despite shifting market conditions.”
CoreLogic launches AI driven platform for real estate agents
CoreLogic said that OneHome streamlines communication between agents and home buyers during the purchase process, while also providing access to financing, insurance and home improvement providers.
Telling Tale of Two Hotel Sales in Victoria, an Award-winning Waterfront Property.
Sooke Harbour House made a name for itself internationally after Frederique and Sinclair Philip purchased the property in 1979. Their focus on locally grown food and seafood and a top-notch wine cellar earned them honours inside Canada and beyond. It has hosted movie stars and served as a movie-set location.
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