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Building & Condo information

Heritage Park

5475 201st Street


Langley, V3A 1P8 F6A - Langley City

  • Levels: 4
  • Suites: 33
  • Status: Completed
  • Built: 1999
  • Title To Land: Freehold Strata
  • Building Type: Strata
  • Strata Plan: LMS3214
  • Bldg#: 5065

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Heritage Park MLS® Listings

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Building Info

Heritage Park - 5475 201 Street Langley, BC V3A 1P8, LMS3214 - Located in a desirable area in Langley City on 201 Street and Michaud Crescent. Heritage Park is a low-rise building that offers 33 homes built in 1999 and are professionally managed. This is a central location close to bus stops, IGA, Valley Centre, restaurants, Cascades Casino, Fraser Valley Regional Library, Simmonda Elementary, HD Stafford Secondary, Kwantley Polytechnic University, community centre, parks, recreation and much more! Direct access to major transportation routes including the Trans-Canada Highway and Fraser Highway, allows an easy commute to surrounding destinations. Most homes feature spacious living areas, 9' ceilings, expansive windows to brighten your home, in-suite laundry, cozy gas fireplaces and large decks with beautiful views from most units of Lynnwood Park across the street, Mt. Baker and Baldi Creek conservation area. Heritage Park offers 4 levels, a recreation centre, secured underground parking, storage lockers, elevators, ample visitor parking and a guest suite. This is condo living at its best - Live at Heritage Park!

 

 

 

 

Strata Sub Categories: Strata
 

Heritage Park Technical Info

Building Name Heritage Park
Address 5475 201st Street
City Langley
Neighborhood Langley City
Listing Price Range N/A
Floors 4
Units in Development: 32
Units in Strata:33
Property Types Freehold Strata
Sub Categories:Strata
Year Built 1999
Restrictions Details
Strata Plan LMS3214
Title to Land Freehold Strata
  

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

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Other Buildings in Complex/Area

  1. A Canim Court - 5489 201ST STREET - LMS724
  2. B Parkside Place - 20088 55A AVE - LMS1772
  3. C Briarwood - 5465 201ST STREET - LMS1344
  4. D The Sonnet - 5430 201ST STREET - BCS2075
  5. E Regency Terrace - 20110 MICHAUD CRESCENT - LMS1967
  6. F Blackberry Lane - 20125 55A AVE - LMS1257
  7. G Brydon Park - 5351 200TH STREET - NWS66
  8. H Blackberry Lane - 2135 55A AVE - LMS1257
  9. I Vista Gardens - 5419 201A STREET - LMS219
  10. J Michaud Mews - 5488 201A STREET - EPS1765
  11. K Blackberry Lane - 20145 55A AVE - LMS1763
  12. L Bayside Court - 19953 55A AVE - LMS1894
  13. M Baldi Creek Cove - 20064 56TH AVE - LMS9
  14. N Blackberry Lane - 20120 56 AVE - LMS830
  15. O Marbleson Court - 5464 201A STREET - NWS3335
  16. P Red Maple Place - 5377 201A STREET - LMS226
  17. Q Michaud Gardens - 5556 201A STREET - LMS1043
  18. R Catherine Court - 19991 53A AVE - LMS00513
  19. S Stonegate - 20177 54A AVE - LMS935
  20. T Madison Crossing - 19939 55A AVE - BCS3809
  21. U Park Place - 20140 56TH AVE - NWS3358
  22. V Michaud Gardens - 5568 201A STREET - LMS1043
  23. W Monterey Grande - 20200 54A AVE - LMS1886
  24. X Michaud Gardens - 20217 MICHAUD CRESCENT - LMS1043
  25. Y The Courtyard - 5388 201A STREET - BCS1556
  26. Z Tulip Court - 19952 56TH AVE - NWS2463
View All Buildings in Langley

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

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1 A new development will rise that will redefine its meaning to live in the most desirable cities in the world

 Inspired by European capital cities like Paris and London, Burrard Place provides a blueprint for the future of downtown living in Vancouver.

Joining One Burrard Place and The Offices at Burrard Place, the 2 Burrard Place tower is the final piece in Burrard Place’s master plan, which will dominate Burrard Street with its impressive full city block within the downtown beach district. 


This high-demand development in Vancouver’s up-and-coming city block is the
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2 Real Estate industry trends indicators of the overall health of the economy in 2021

The housing market has significant importance for the broader economy, accounting for 17.5% of the U.S. GDP in 2020.


Real Estate Statistics: The Latest Trends in the Housing Market (2021) #LesTwarog
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4 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.


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5 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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