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Building & Condo information

Montvue

33816 South Fraser Way


Abbotsford, V0V 0V0 F78 - Central Abbotsford

Official Website: montvueliving.ca Developers Website: parcel7.com
  • Levels: 5
  • Suites: 90
  • Status: Approved
  • Title To Land: Freehold Strata
  • Building Type: Strata Condos
  • Strata Plan: EPP112890
  • Bldg#: 16274

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Montvue MLS® Listings

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Building Info

Montvue - 33816 South Fraser Way, Abbotsford, BC V0V 0V0, Canada. Crossroads are South Fraser Way and Montvue Avenue. Strata plan number EPP112890. Two 5-storey mixed-use buildings with 1 level of commercial units on the main floor and 4-storeys of residential units above. Development by Parcel7 Homes. Architectecture by Keystone Architecture.

Situated on Montvue Avenue in the heart of Abbotsford, Montvue offers 1, 2 and 3 bedroom homes within walking distance of locally owned shops, boutiques, restaurants, cafes, and service providers. As one of Abbotsfords oldest communities, the historic downtown core provides the perfect atmosphere for families, downsizers, and young couples who are looking to enjoy life to the fullest.

Official Website: montvueliving.ca
Strata Sub Categories: Strata Condos
 

Montvue Technical Info

Building Name Montvue
Address 33816 South Fraser Way
City Abbotsford
Neighborhood Central Abbotsford
Listing Price Range N/A
Floors 5
Units in Development: 90
Units in Strata:90
Property Types Freehold Strata
Sub Categories:Strata Condos
Year Built 0000
Developer Parcel7 Homes
Architect Name Keystone Architectur
Architect Phone 604-850-0577
Official Website montvueliving.ca
Restrictions Details
Strata Plan EPP112890
Title to Land Freehold Strata
  

Montvue Building & Common Area Photos

Montvue - 33816 South Fraser Way, Abbotsford, BC
Montvue - 33816 South Fraser Way, Abbotsford, BC
Montvue - 33816 South Fraser Way, Abbotsford, BC
Montvue - 33816 South Fraser Way, Abbotsford, BC
Montvue - 33816 South Fraser Way, Abbotsford, BC
Montvue - 33816 South Fraser Way, Abbotsford, BC
Montvue - 33816 South Fraser Way, Abbotsford, BC
Montvue - 33816 South Fraser Way, Abbotsford, BC

Typical Floor Plan (Click image to go to BCFP)

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Complex Site Map (Click image to enlarge)

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

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Other Buildings in Complex/Area

  1. A Upper Montrose - 2485 Montrose AVE - EPS7084
  2. B Old Yale Heights - 33960 OLD YALE ROAD - BCS2202
  3. C Yale Crossing - 2632 PAULINE STREET - BCS3562
  4. D Alameda Court - 2279 McCallum ROAD - NWS1833
  5. E Alameda Court - 2277 McCallum ROAD - NWS1833
  6. F Spencer Brook - 23986 104TH AVE - BCP45801
  7. G The Village at Bedford Landing - 9275 Glover ROAD - NWS1335
  8. H Mason&Green - 7848 209 AVE - EPS1796
  9. I Village Green - 12161 237TH STREET - LMP9544
  10. J Silver Heights Estates - 13771 232A STREET - BCS3588
  11. K Lavender Gardens - 19970 55A AVE -
  12. L Latimer - 7570 200 ST - NWP1257
  13. M Station One - 12070 227TH STREET -
  14. N Aston - 8433 203A ST - EPP86006
  15. O La Riviere - 11664 223 ST - NWP16366
  16. P Newbury - 7640 197 ST -
  17. Q Parc Vue - 12040 222ND STREET - BCP50302
  18. R Mirada Estates - 0 197 ST -
  19. S Joi - 18818 71 AVE - EPS1720
  20. T Osprey - 10973 BARNSTON VIEW ROAD - EPS1618
  21. U Hudson - 0 24 Avenue & 168 Street ALLEY - EPP80278
  22. V Cedar Downs - 12635 190A STREET - BCS4294
  23. W Cedar Downs - 12655 190A STREET - BCS4294
  24. X Nova - 8140 166 ST - EPP72006
  25. Y Odyssey - 0 152 ST -
  26. Z Southaven | Building 1 - 3315 148 ST - EPP109644
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August 2023 Market Insights

July 2023 housing market statistics.

Strong sales figures push up house prices.

July 2023 Market Insights | REBGV

Home prices across all home types in Metro Vancouver rose again in July, as strong sales figures continue to push up against low levels of housing inventory in the region. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,455 in July 2023, a 28.9 per cent increase from the 1,904 sales recorded in July 2022. This was 15.6 per cent below the 10-year seasonal average (2,909). “While sales remain about 15 per cent below the ten-year average, they are also up about 30 per cent year-over-year, which is not insignificant,” Andrew Lis, REBGV’s director of economics and data analytics said. “Looking under the hood of these figures, it’s easy to see why sales are posting such a large year-over-year percentage increase. Last July marked the point when the Bank of Canada announced their ‘super-sized’ increase to the policy rate of one full per cent, catching buyers and sellers off guard, and putting a chill on market activity at that time.” There were 4,649 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2023. This represents a 17 per cent increase compared to the 3,975 homes listed in July 2022. This was 5.2 per cent below the 10-year seasonal average (4,902). The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 10,301, a four per cent decrease compared to July 2022 (10,734). This was 14.4 per cent below the 10-year seasonal average (12,039). Across all detached, attached and apartment property types, the sales-to-active listings ratio for July 2023 is 24.9 per cent. By property type, the ratio is 16.5 per cent for detached homes, 32 per cent for townhomes, and 30.6 per cent for apartments. Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. “What’s interesting to see in the current market environment is that, while the Bank of Canada rate hike this July was only a quarter of a per cent, mortgage rates are now at the highest levels we’ve seen in Canada in over ten years,” Lis said. “Yet despite borrowing costs being even higher than last July, sales activity surpassed the levels we saw last year, which I think says a lot about the strength of demand in our market and buyers’ ability to adapt to and qualify for higher borrowing costs.” The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,210,700. This represents a 0.5 per cent increase over July 2022 and a 0.6 per cent increase compared to June 2023. Sales of detached homes in July 2023 reached 681, a 28.7 per cent increase from the 529 detached sales in July 2022. The benchmark price for a detached home is $2,012,900. This represents a 0.6 per cent increase from July 2022 and a 1.1 per cent increase compared to June 2023. Sales of apartment homes reached 1,281 in July 2023, a 20.7 per cent increase compared to the 1,061 sales in July 2022. The benchmark price of an apartment home is $771,600. This represents a 2.6 per cent increase from July 2022 and a 0.6 per cent increase compared to June 2023. Attached home sales in July 2023 totalled 466, a 53.3 per cent increase compared to the 304 sales in July 2022. The benchmark price of an attached home is $1,104,600. This represents a 1.2 per cent increase from July 2022 and a 0.5 per cent increase compared to June 2023.

June 2023 Housing market Statistics

Home prices continue to rise in Metro Vancouver’s housing market to kick off the summer Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver1 increased in June as home buyer demand butted up against a limited inventory of homes for sale in the region. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the region totalled 2,988 in June 2023, a 21.1 per cent increase from the 2,467 sales recorded in June 2022. This was 8.6 per cent below the 10-year seasonal average (3,269). “The market continues to outperform expectations across all segments, but the apartment segment showed the most relative strength in June,” Andrew Lis, REBGV’s director of economics and data analytics said. “The benchmark price of apartment homes is almost cresting the peak reached in 2022, while sales of apartments are now above the region’s ten-year seasonal average. This uniquely positions the apartment segment relative to the attached and detached segments where sales remained below the ten-year seasonal averages.” There were 5,348 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2023. This represents a 1.3 per cent increase compared to the 5,278 homes listed in June 2022. This was 3.1 per cent below the 10-year seasonal average (5,518). The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,990, a 7.9 per cent decrease compared to June 2022 (10,842) This was 17.4 per cent below the 10-year seasonal average (12,091). Across all detached, attached and apartment property types, the sales-to-active listings ratio for June 2023 is 31.4 per cent. By property type, the ratio is 20.9 per cent for detached homes, 38.5 per cent for townhomes, and 39.4 per cent for apartments. Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. “Despite elevated borrowing costs, there continues to be too little resale inventory available relative to the pool of buyers in Metro Vancouver. This is the fundamental reason we continue to see prices increase month over month across all segments,” Lis said. “With the benchmark price for apartments now standing at $767,000, we repeat our call to the provincial government to adjust the $525,000 threshold exempting first-time home buyers from the Property Transfer Tax to better reflect the price of entry-level homes in our region. This is a simple policy adjustment that could help more first-time buyers afford a home right now.” The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,203,000. This represents a 2.4 per cent decrease over June 2022 and a 1.3 per cent increase compared to May 2023. Sales of detached homes in June 2023 reached 848, a 28.3 per cent increase from the 661 detached sales recorded in June 2022. The benchmark price for a detached home is $1,991,300. This represents a 3.2 per cent decrease from June 2022 and a 1.9 per cent increase compared to May 2023. Sales of apartment homes reached 1,573 in June 2023, an 18.6 per cent increase compared to the 1,326 sales in June 2022. The benchmark price of an apartment home is $767,000. This represents a 0.5 per cent increase from June 2022 and a 0.8 per cent increase compared to May 2023. Attached home sales in June 2023 totalled 547, a 17.6 per cent increase compared to the 465 sales in June 2022. The benchmark price of an attached home is $1,098,900. This represents a one per cent decrease from June 2022 and a 1.5 per cent increase compared to May 2023. Download the June 2023 stats package.

May 2023 housing market statistics

While the year started slower than usual, Metro Vancouver’s1housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month.The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,4112in May 2023, which is a 15.7 per cent increase from the 2,947 sales recorded in May 2022, anda1.4 per cent decline fromthe 10-year seasonal average (3,458).

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

Mandarin 
# Article Publish Date Source
1 Elton Ash, Re/Max Canada’s executive vice president, will retire at the end of October this year.

Says the organization’s president, Christopher Alexander: “Elton is the definition of an iconic real estate leader. He has achieved more in his career than most people can fathom and is an incredible person, too. While we will miss him dearly at Re/Max, I am excited for him and his next chapter. Thank you, Elton, for all of your wisdom and guidance throughout our many years of working together. Re/Max Canada is privileged to continue to build on your incredible legacy.”


End of an era: Elton Ash bids farewell after 43 years in real estate
2023/09/21 REM
2 Hotel rates in New York City likely to go up with Airbnb rentals gone

Many Airbnb users with bookings in New York City this Christmas are scrambling to find new accommodations.

The regulations, which caused an uproar among travelers and short-term rental owners, require hosts be present for stays of less than 30 days, with no more than two people staying in a dwelling at a time. Hosts must also register and get approval from the city — or both hosts and booking sites may be subject to hefty fines.


Airbnbs in NYC are disappearing
2023/09/18 other
3 B.C. to streamline permitting, offer incentive to homeowners to rent secondary suites

The province is launching a new guide for homeowners who want to build and manage a rental suite on their property. That comes ahead of planned legislation to make secondary suites legal throughout B.C. and an incentive program that would offer some 3,000 homeowners forgivable loans of up to $40,000 to build and rent them below market rate.

The province is also launching a one-stop shop digital hub for homebuilding permit applications to help clear backlogs.


B.C. will offer up to $40,000 in forgivable loans to homeowners who want to bu
2023/09/18 other
4 Ottawa pledges to overhaul competition rules to tackle affordability crisis

The federal government plans to strengthen competition laws, cut the GST from new home rental construction and push grocery chains to stabilize prices or face consequences, in a wide-reaching effort to address the rising cost of living that the Liberals acknowledge has left voters angry and frustrated.

Prime Minister Justin Trudeau unveiled the measures at the end of a three-day caucus retreat in London, Ont., where the beleaguered Liberals have been regrouping in the face of declining public opinion polls, falling fundraising numbers and a resurgent Conservative Party.


Ottawa will remove GST from new rental construction in response to rising cost
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5 Canada is giving small businesses in Canada more time to pay back emergency loans

The Liberals have decided, after consistent calls from businesses, to give them another year to pay back their Canada Emergency Business Account (CEBA) loans, despite previously taking the position that repayment deadlines were "final and cannot be changed."


Canada extending small business emergency loan repayment deadline
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