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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
Carlton Court - 8711 Jones Road, Richmond, BC V6Y 1L7, LMS1275 - Located in the desirable and convenient Central Richmond area on Jones Road and Garden City Road. Carlton Court is a well kept townhouse. It is centrally located to transit, restaurants, coffee shops, close to Richmond City Hall, Richmond Public Library, all type of medical services and recreation facilities. Direct access to Granville Avenue, No 3 Road and other major routes allows an easy commute to surrounding destinations including Richmond Hospital, Richmond and Lansdowne Shopping Centres, Steveston Village, great Richmond parks as well as provides direct routes to Vancouver, Burnaby and New Westminster. Carlton Court Royale is just a short stroll to General Currie Elementary, St. Paul's and Palmer Secondary Schools, Lansdowne Murdoch Daycare, Shoppers Drug Mart, Brighouse and Minoru parks and a good choice of ethnic restaurants including Saigon City Vietnamese, Ricky's All Day Grill, J Malone's Bar & Grill and many others. Carlton Court is a four level complex built in 1994 that features 21 units in strata. Most units feature European design with 10ft master bedroom high ceiling, bright and spacious floor plan, laminated and tiled floors, gas fireplace, double side-by-side garage, lots of storage, laundry room, private patio and a sizable sunroof on top level for private enjoyment. Complex also offers playground for children. Carlton Court Royale offers great living in the heart of the desirable and safe Central Richmond neighbourhood with townhouse living at its best!
Canadian government releases more details regarding its five year Housing Supply Challenge
The first round, dubbed the Data Driven phase, will attempt to address gaps in housing data “through technology or methodology-based solutions to improve data collection, sharing, analysis and integration, thus improving decision-making on housing supply,” the Canada Mortgage and Housing Corporation said late last week.
Condo investor lost much of their down payments during Covid-19 pandemic - analysis
After taking insurance into account, and assuming a 5% down payment, this translates to an average of 78% of a condo buyer’s down payment lost. As a disclaimer,Better Dwellingsaid that this calculation did not include any possible payments over the period due to the widespread loss of income nationwide.
Using the same calculation, Toronto was found to be especially worse off. Average condo price decline from April was at 1.86%, translating to a negative 111.2% return in equity. Even including payments over the period only leads to around 0.827% equity.
City of Vancouver, the lowest tax rate for commercial property among major Canadian cities
The tax shift is measured by a commercial-to-residential ratio that compares the commercial tax rate to the residential tax rate. For example, if the ratio is 2.50, a commercial property valued at $1 million dollars would incur property taxes 2.5 times higher than an equally-valued residential property.
Highlight on 2021 with regards emerging trends in Canadian real estate
“The coming year will be all about embracing opportunities to be resilient in the face of uncertainty, while shifting strategies in anticipation of market headwinds,” says Frank Magliocco, PwC Canada’s national real estate leader. “For the first time in a few years, we’re hearing divergent views from industry players about issues like the future of office spaces and the urbanization and suburbanization trends.”
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