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Receive more information about The Highlands
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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
The Highlands - 7151 121st Street, Surrey, BC V3W 0E7, Strata Plan No. LMS222, 3 levels, 186 units, built 1993 - Located at the northwest corner of 121st Street and 72nd Avenue in the central West Newton area of Surrey. The Highlands consists of 186 one and two level condominiums ranging size from 950 to 1500 sq. ft. in three buildings at 7151, 7161, 7171 121 Street in West Newton. Located in beautifully landscaped grounds with gazebos, fountains, and ponds, this complex is extremely unique and top floor units boast a second floor loft and second rooftop patio accessible by a gorgeous spiral staircase. Other features include spacious living room/dining rooms with open floor plans, large windows, radiant floor heating, cozy gas fireplaces, insuite laundry with storage, large patios, storage lockers, and underground parking. The building amenities are located on 2nd floor including a lounge with a full kitchen and recreation room. The Highlands is a well managed building by Strataco Management 604-294-4141. Strata fees include in-floor radiant heat and gas fireplaces. Pets Allowed w/Rest., Rentals Allowed w/Restrictions.
Surrounded by Save-On-Foods, Safeway, London Drugs, Surrey Public Library, and movie theatres, residents at The Highlands are just steps away from the greatest amenities in the Lower Mainland. Also quick walk to transit stop on 72nd Ave, Strawberry Hills Shopping centre and Scottsdale in walking distance and close to all levels of schools plus Kwantlen University.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 30,944 in 2020, a 22.1 percent increase from the 25,351 sales recorded in 2019, and a 25.7 percent increase from the 24,619 homes sold in 2018.
November 2020 Market Insights
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
Real Estate Related News Articles(Sun and Province)Search News
Covid-19 pandemic cause increase demand for housing
“In the absence of a marked uptick in inventory, the current relationship between demand and supply supports continued double-digit average home price growth this year,” the real estate board’s chief market analyst, Jason Mercer, commented in the report.
The province has already introduced and extended a rent freeze during the COVID-19 pandemic, and it says in a news release Monday that new legislative changes will keep it in place through Dec. 31.
The pros and cons of purchasing the upgraded condo building compare to the newly build one
“Capacity is also a problem—most managers struggle to keep up with their day-to-day activities, so targeting reductions doesn’t happen much because they’re trying to keep their heads above water.”
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