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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
Sommerton - 4711 Blair Drive, Richmond, BC, V6Z 4E6, Canada. Strata Plan LMS4294 was built in 2001 by Onni. This 3-storey detached townhouse complex has 38 units. Maintenance fee includes garbage pickup, gardening, recreation facilities and management. It features vaulted ceilings, views of Northshore mountains from some units, side-by-side double garage with extra street parking in front of home, fenced yard, 9 ft ceiling, low maintenance fee, lounge, garden, in-suite laundry, playground and gas fireplace. Sommerton has an easy access to Hwy 91 & 99, 3 major bridges, airport, Canada Line stations, Richmond city center, and Vancouver. Development is in a friendly family-oriented neighborhood and steps away from a children playground, close to bus routes, just a few blocks to Lansdowne Shopping, Kwantlen University and all levels of public schools.
REBGV 23% increase on Listing in MLS from last year. For November 2020 over 4068 newly listed. Continuing demand for Detached Home and Townhouse with the benchmark price of $1,044,000
October 2020 Market Insights
October 2020 showing a robust Sales-to-Active Listing Ratio with a high mark of 30% means that Market conditions prices typically stable based on the given the baseline of 12-20%. Based on this given data the continued demand for Townhomes, Detached Homes
September 2020 Market Insights
September had a fantastic sales of 56% over the same period last year. Listings were 32% over last year
August 2020 Market insights
Home sales in August were up 37% over August 2019. Listings weere 55% over August 2019
Real Estate Related News Articles(Sun and Province)Search News
The speculation and vacancy tax is designed to turn empty homes into housing for British Columbians, and ensure foreign owners and those with primarily foreign income contribute fairly to B.C.’s tax system.
Over 2000 Active Listings for Condo Apartments for Sale, over 172% of Supply at the End of 2020 Compared to 2019 - City of Toronto
Overall, the City of Toronto had 1,972 more active listings for condo apartments in December 2020 compared to the year prior. With 3,120 active condo listings available in the City of Toronto at the end of December, this represented a 172% increase y-o-y or 2.7x more active listings than at the end of December 2019.
Condo market is up with sales surging 90% y-o-y on the MLS on the first two weeks of January 2021
The optimism began manifesting late last year with condo sales in December increasing by 75.9% year-over-year in the City of Toronto, according to the Toronto Regional Real Estate Board’s latest data. The impetus for renewed confidence in the condo market was likely news that COVID-19 vaccines are available for distribution.
The latest housing boom has also driven eye-popping price increases in areas that remain affordable
This time, though, the faster property appreciation isn’t happening in Vancouver and Toronto, two of Canada’s priciest markets, but in areas that were — at least until recently — affordable.
Housing experts doubt that the tax has had much effect on either the rental market or affordability
“This change in behaviour, and the tax continuing to capture speculators while exempting almost all British Columbians, shows this tax is working for the people of our province,” Finance Minister Selina Robinson said in the statement.
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