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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 - 7171 121 Street, Surrey, V3W 1G9, LMS222. Located in the West Newton area of Surrey on 72nd Avenue and 120th Street (Scott Road). This is a centralized location that is close to transit, Stawberry Hill Shopping Centre, Surrey Public Library, Staples Business Depot, London Drugs, Zellers, Save On Foods, Safeway, St. Andrew's Newton Presbyterian Church, Kwantlen Polytechnic University, CarePlace Medical Centre, Cougar Creek Elementary, Vancity Credit Union, restaurants, parks, recreation and much more. Direct access to major transportation routes include Scott Road, 72nd Avenue, Highway #91 and Highway #10 allowing for an easy commute to surrounding destinations such as Delta, New Westminster, Coquitlam and White Rock. The Highlands, quality built in 1992, is a 3 level building with 186 units in strata, wood frame construction, concrete perimeter foundation and is fully rain screened. The building features a bright and open floor plan, private rooftop deck for barbecues for 3rd floor residences, secure underground parking, an elevator, in-suite laundry, koi ponds and lush landscaping.
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
Q1 net income increase compare to previous quarter
The bank’s capital position remained “robust”, with a CET1 ratio of 12.5% “supporting strong volume growth and $1.5 billion in common share dividends paid.” RBC also boasted of a strong average Liquidity Coverage Ratio (LCR) of 141%.
According to CREA, as the spring market approaches, the current pace of home sales growth might be inhibited by an evident lack of supply, particularly in Ontario markets, to meet growing home buyer demand.
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