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Building & Condo information

Brooklyn Village

5858 142nd Street


Surrey, V3X 0H2 F39 - Sullivan Station

  • Levels: 3
  • Suites: 119
  • Status: Completed
  • Built: 2014
  • Title To Land: Freehold Strata
  • Building Type: Strata
  • Bldg#: 11245

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Brooklyn Village MLS® Listings

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Building Info

Brooklyn Village, 5858 142nd Street, Surrey, V3X 0H2 is located in Sullivan Station of Surrey. Brooklyn Village has 119 Units and 3 Levels. This building was built in 2014. There are 0 active listings in Brooklyn Village. Building features include club house,garden,in suite laundry,playground,storage.
Strata Sub Categories: Strata
 

Brooklyn Village Technical Info

Building Name Brooklyn Village
Address 5858 142nd Street
City Surrey
Neighborhood Sullivan Station
Listing Price Range N/A
Floors 3
Units in Development: 119
Units in Strata:119
Property Types Freehold Strata
Sub Categories:Strata
Year Built 2014
Restrictions Details
Title to Land Freehold Strata
  

Brooklyn Village Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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April 2024 Market Insights REBGV

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December Market Insights

Housing market resilient in 2023, ends year in balanced territory

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

Mandarin 
# Article Publish Date Source
1 Vancouver council open to increasing slots, table games at existing casinos

Vancouver city council voted this week to allow for applications to increase the number of slot machines and tables at the city’s two casinos, on the condition they be accompanied by an assessment of their social and economic impacts.

The request to amend the city’s 2011 gambling moratorium was made by the B.C. Lottery Corp., which told council the city’s population has increased 22 per cent in the past decade and that the amendment is a first step to allow BCLC to look at ways of expanding its two existing facilities — the Parq casino in Yaletown and Hastings Racecourse in East Vancouver — rather than building more casinos.


The Parq Cascino in Yaletown is allowed to have 600 slot machines and 75 table games
2024/05/10 The Vancouver Sun
2 The city has contributed more than $172 million to non-market housing in the form of land

The City of Burnaby has a total of 1,040 non-market housing units, including rentals and co-ops, just built or in development on its land, according to a new city report, and there’s more on the way.

The city lands program for non-market housing, which was adopted in 2015, leases city-owned lands at a nominal rate to non-profit housing providers through a public request for proposals (RFP) process.

The city has contributed about $172.44 million as part of the program, including land, grants and on-and-off-site works, according to the report which accounts for 11 projects that recently completed or were in progress as of March 2024.

The assessed value of the land makes up more than $120 million of that $172-million total contribution for the 11 projects.


These are the non-market rental housing projects developed on Burnaby-owned land
2024/05/09 Western Investor
3 Household Financial Health and Housing Market Trends

According to the March 2024 Edge Report, current trends in debt service ratios and net worth may indicate areas of concern. The prevalence of static payment variable rate mortgages, household debt-to-GDP ratios, and Canada’s heavy reliance on real estate assets, may raise concerns about resilience.

In Q4 of 2023, debt servicing costs stayed stable, with the household debt service ratio holding steady at 15%. This ratio, which reflects the portion of disposable income allocated to debt repayment, remains significantly high, at levels not seen since 1990. A minor adjustment downwards from the previously reported peak of 15.2% in Q3 should be noted, however.


Consumer Health: Debt Service Ratios And Net Worth
2024/05/09 Canadian Real Estate Wealth
4 Canada’s New Housing Plan

The federal government’s new Housing Plan, announced on April 12, 2024 and supported by Budget 2024, introduced a provision aimed at helping renters build credit by integrating rent payments into credit histories. It proposes amendments to the Mortgage Charter, encouraging collaboration among fintech companies, credit bureaus, and lenders to include rental payment data in credit scores.

The government calls on these agencies to create an ecosystem where renters can choose to include their rental payment history in their credit scores. It also expects lenders to prioritize comprehensive credit information, including rental payment history, in credit evaluations whenever feasible.



Canada’s New Housing Plan: Linking Rental Payment History and Credit Scores
2024/05/08 Canadian Real Estate Wealth
5 Federal Budget 2024: What are the proposed capital gains tax changes and how might they affect me?

The capital gains tax inclusion rate – today and tomorrow

Today, only 50% of the capital gain is taxable (this is known as the capital gains tax inclusion rate). This means that $50,000 of the $100,000 earned from the sale of the cottage in our example is added as income for that tax year.

Here’s an example:

  • Your regular income, earned from your full-time job, is $75,000

  • You make a $100,000 profit from the sale of your cottage (after you pay real estate fees, closing costs, etc.)

  • 50% of the profit is taxable, which means you add $50,000 to your income during the tax year in which you realized this capital gain

  • $75,000 + $50,000 = a total income for that tax year of $125,000

The amount of tax you ultimately pay in that year will depend on your tax bracket and its marginal tax rate.


Federal Budget 2024: What are the proposed capital gains tax changes and how m
2024/05/08 other
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