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Murrayville House

5020 221a Street


Langley, V2Z 1A9 F60 - Murrayville

Official Website: www.murrayvillehouse.com Marketers Website: www.theagencyrem.com Developers Website: www.bowragroup.com
  • Levels: 4
  • Suites: 92
  • Status: Proposed
  • Built: 2017
  • Title To Land: Freehold Strata
  • Building Type: Strata Condos
  • Strata Plan: EPS3408
  • Management company:  Self Managed
  • Bldg#: 9586

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Building Info

Murrayville House - 5020 221A Street, Langley, BC V2Z 1A9, Canada. Strata plan number BCP29975. Crossroads are 221A Street and 50 Avenue. Murrayville House is 4 stories with 92 units. Every detail is thoughtfully designed, from the elegant exterior and lush landscaping to the quality fixtures and superior level of finishing. Developed by Newmark Group. Maintenance fees includes Garbage Pickup, Gardening, Hot Water, Management, Recreation Facility and Snow Removal. 

The closest park is Arthur Rose Park. Nearby schools include Credo Christian High School, Langley Fundamental Elementary, Langley School District 35, James Hill Elementary, Murrayville Elementary, Langley Christian Middle High School and Langley Christian School. Nearby grocery stores is Marketplace IGA.

Sales Centre: www.theagencyrem.com
Official Website: www.murrayvillehouse.com
Phone: 604-427-4320
Email: info@murrayvillehouse.com
Sales Address: 200-22196 50th Avenue, Langley, BC
Strata Sub Categories: Strata Condos
 

Murrayville House Technical Info

Building Name Murrayville House
Address 5020 221a Street
City Langley
Neighborhood Murrayville
Listing Price Range N/A
Floors 4
Units in Development: 92
Units in Strata:92
Property Types Freehold Strata
Sub Categories:Strata Condos
Year Built 2017
Developer The Bowra Group
Official Website www.murrayvillehou
ManagementSelf Managed
Restrictions Details
Strata Plan EPS3408
Title to Land Freehold Strata
  

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September 2021 Market Insights

August 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,152 in August 2021, a 3.4 per cent increase from the 3,047 sales recorded in August 2020, and a 5.2 per cent decrease from the 3,326 homes sold in July 2021.

July 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,326 in July 2021, a 6.3 per cent increase from the 3,128 sales recorded in July 2020, and an 11.6 per cent decrease from the 3,762 homes sold in June 2021.

June 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,762 in June 2021, a 54 per cent increase from the 2,443 sales recorded in June 2020, and an 11.9 per cent decrease from the 4,268 homes sold in May 2021.

May 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,268 in May 2021, a 187.4 per cent increase from the 1,485 sales recorded in May 2020, and a 13 per cent decrease from the 4,908 homes sold

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

Mandarin 
# Article Publish Date Source
1 Growth in condo market share across the Canadian real estate market in 2021

Canadian real estate market sees higher share of condos in 2021, in wake of rising detached housing values; affordability shifts demand for condominiums into high gear in 2021


Canadian Real Estate Report: 2021 Housing Impacts to Condo Sector #LesTwarog
2021/10/19 other
2 CREA and RECO issued a notice about steering to over 93,000 real estate agents

"In addition to being illegal, the conduct undermines consumer protection, consumer confidence and the reputation of the real estate profession as a whole," said the notice.

Across the country, the National Realtor Code of Ethics, as well as provincial real estate laws, dictate that agents must act with honesty and promote the interests of the individual they represent. Some provincial laws, including in Alberta and Ontario, address the issue of steering specifically.


Real estate agents caught on hidden camera breaking the law, steering buyers f
2021/10/15 other
3 Canadians hoping to enter the housing market to homeownership for qualified first-time buyers

 It remains to be seen whether proposed tweaks can revive the much-maligned federal program

On paper, it seemed a welcome break for Canadians hoping to enter the housing market: a federal incentive program aimed at reducing the monthly mortgage burden and easing the passage to home ownership for qualified first-time buyers.

Over two years after its introduction, though, the jury is still out on whether the First-Time Home Buyer Incentive, unveiled by the federal government in September 2019, has had any significant impact in addressing the mounting challenges faced by would-be homeowners across the country.

Figures released to Parliament in April painted a damning picture of the program, revealing that it had seen an uptake of just over 9,000 successful applicants since its introduction – with the $170 million released in incentives representing a small fraction of the program’s $1.25 billion overall value.

One of the most significant stumbling blocks in the incentive, which offers mortgage relief through a shared-equity program between homebuyers and the government, appeared to be the fact that ever-soaring house prices across much of Canada meant that it had little impact on prospective buyers in the country’s hottest markets.

While the government introduced changes to the program late last year – announcing increased household income and buyer’s income thresholds for Vancouver, Victoria and Toronto – those amendments still meant that the program’s maximum eligible home price remained well below the going rate in those markets.

The program has faced staunch opposition from the get-go, with Conservative MPs Tom Kmiec and Stephanie Kusie urging the government to scrap the scheme in May 2020 after it had been in operation for less than a year.

Read more: Conservative MPs urge feds to eliminate First-Time Homebuyer Incentive

Still, the governing Liberals have stuck resolutely by the plan, announcing in their platform prior to September’s federal election – in which they were returned to government, having emerged once more as the largest party in Parliament – that they would retain and rejig the scheme if re-elected.

Under that platform’s proposals, changes to the program would give applicants a choice between the current shared-equity approach and a loan that’s repayable when the property is eventually sold – theoretically allowing new homebuyers to keep more of any increase in their home’s value while also reducing mortgage costs.

CanWise Financial president and RateHub co-founder James Laird told Canadian Mortgage Professional in recent weeks that the First-Time Home Buyer Incentive was an “illogical, complex program” that made little sense and should have been abandoned completely, rather than reworked.

In Newfoundland and Labrador, Robert Jennings (pictured top), owner and mortgage broker at East Coast Mortgage Brokers, said that while the scheme was often raised as a topic among clients, actual uptake had proven limited.

“I would say we have a fair amount of conversations, but it doesn’t lead to a lot of usage,” he said. “The usage rate is very low. I believe if I were to pinpoint it, the lean on the property [government involvement] would be really discouraging to a young, proud first-time homebuyer.

“I feel like maybe in Newfoundland in particular, there’s a home ownership pride that they don’t want to share or give up… Of course, there’s the eligibility issues as well. It seems like in a lot of cases trying to put a square peg in a round hole.”

Read next: What the Canada election result means for the mortgage industry

While Jennings said that the scheme had arguably fallen short in its attempts to create a smoother path to first-time home ownership, he believes efforts at a federal level to address the country’s growing housing affordability crisis are to be applauded.

“Everybody made it a big deal in their platforms – not just first-time home ownership, but home ownership in general and affordability,” he said. “I just really hope that they re-evaluate everything.

“They had good intentions, but I feel like they missed the mark. There’s no reason not to try; the problem’s not going away. I’d like to see what happens when the dust settles and I hope that it [the housing crisis] remains a priority, because they certainly made it seem like it would on the campaign trail.”

A good place to start, Jennings said, would be for the federal government to work collaboratively with stakeholders and those who work daily in the mortgage and housing industries – whether that be on changes to the stress test or potential longer-term amortizations.

“What I want is them not to do things blindly,” he said, “to embrace input, do their homework and try to get it done – but also get it done right.”

 

 

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Can the First-Time Home Buyer Incentive be salvaged? #LesTwarog
2021/10/14 other
4 Discover in Surrey the New Bristol Estate transforming its neighborhood includes 6.27 acre property

The Surrey Centre Official Community Plan aims to transform the neighbourhood from a suburban town centre into a walkable, high-density and transit-oriented downtown for the South of Fraser region. The density and mix of uses is meant to create a city centre that is “more animated, livable and a place that thrives economically where residents can work, play, and live in their neighbourhood.”


New Bristol Estates in Surrey includes over 2,000 homes #LesTwarog
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5 Suspension against real estate agent Shahin Behroyan handed down in 2020 | B.C.’s Financial Services Tribunal

The real estate council didn't agree, arguing Behroyan's willingness to "defraud a client signals an issue concerning good character and suitability that represents a threat to the public, and a threat to public confidence in the real estate industry."


West Vancouver real estate agent loses appeal of five-year license suspension
2021/10/08 other
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