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Building & Condo information

Spencer Estates

32361 Mcrae Ave


Mission, V2V 4X7 F83 - Mission BC

  • Levels: 2
  • Suites: 53
  • Status: Completed
  • Built: 1994
  • Title To Land: Freehold Strata
  • Building Type: Strata
  • Strata Plan: LMS614
  • Management company:  Teamwork Property Manageme
  • Phone  604-854-1734  
  • E-mail  admin@teamworkpm.com  
  • Bldg#: 3863

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Spencer Estates MLS® Listings

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Building Info

Spencer Estates - 32361 McRae Ave, Mission, BC V2V, LMS614. Located on McRae Avenue and Kie Street in a convenient neighbourhood of Mission. Spencer Estates built in 1994, offers 53 homes that are well maintained and professionally managed by Teamwork: 604-854-1734. This is a prime location just minutes away from Mission Memorial Hospital, Rockwell Bar and Grill, Pharmasave Health Centre, Shops at Mission Hills, Silver City Mission Cinemas, The Junction, Canadian Tire, Boston Pizza Mission, and Mission Hills Medical Centre. Transit and major routes are close by and within walking distance. Maintenance Fees at Spencer Estates include garbage pickup, gardening, and management. Restrictions of Spencer Estates, one pet and rentals with restictions.

Strata Sub Categories: Strata
 

Spencer Estates Technical Info

Building Name Spencer Estates
Address 32361 Mcrae Ave
City Mission
Neighborhood Mission BC
Listing Price Range N/A
Floors 2
Units in Development: 53
Units in Strata:53
Property Types Freehold Strata
Sub Categories:Strata
Year Built 1994
Strata Website www.teamworkpm.com/
Management Teamwork Property Manageme
  604-854-1734
  (604) 854-1754
 admin@teamworkpm.com
Restrictions Details
Strata Plan LMS614
Title to Land Freehold Strata
  

Spencer Estates Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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May 2020 Market Insights

BCREA Housing Market Update (June 2020)

Province May sales were down 45% compared to May 2019. Listings are down 10% year-over-year.

Market Insights April 2020

April Sales in COVID-19 time were down 40% from same period last year. Listings were also down by 60% from the same period last year.

BCREA Housing Market Update (May 2020)

Sales across BC fell 50% in April. Listing are down by 43%

March 2020 Market Insights

March sales were up 46% above last year. Listings are down 35% from last year

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

Mandarin 
# Article Publish Date Source
1 Reverse mortgage as an exit strategy is a good idea?

Pimento suggests brokers offer using a reverse mortgage when building an exit strategy out of a high-interest alternative mortgage. Offering a lower interest, long-term strategy will not only benefit the homeowner, but adds an additional commission stream for the broker. Clients can use funds from a reverse mortgage to pay exit penalties from an alternative mortgage, and free themselves from a high-interest loan.


Using a reverse mortgage as an exit strategy #LesTwarog
2020/07/13 Mortgage Broker News
2 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.


Conference Board releases mid-term outlook for Canadian real estate, economy #
2020/07/11 Mortgage Broker News
3 CRA’s eyeing tax audit for Canadian property transaction in the US

A Canadian taxpayer who is reassessed through this audit can face substantial tax penalties on top of interest, not to mention the professional and legal fees required to respond and object to the audit. There is also a possibility of prosecution for tax fraud or tax evasion. This article will break down the typical issues that could come up in a tax audit of undeclared real estate property or unreported real estate transactions.


CRA’s tax audit of U.S. real estate transactions #LesTwarog
2020/07/10 REM
4 REW, B.C’s real estate leading platform expanding their established listing adding rental properties.

In addition to listings, REW.ca says renters will have access to videos, virtual tours, market insights, and detailed descriptions of the rental properties, including their location, nearby schools, and amenities.

When asked about REW’s strategy, Bray added that, “our goal is to help Canadians find their next home, no matter what that looks like. Whether it’s buying a brand-new development, browsing a listing down the street, or finding a great rental apartment, REW is focused on delivering a complete real estate experience for everyone.”


REW.ca shakes up the real estate market by adding rental properties to B.C.
2020/07/08 other
5 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.


Prices steady as resale home in Metro Vancouver housing sales on June-Q2, incr
2020/07/08 Western Investor
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