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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
Orenda at 18850 72a Ave, Surrey, BC V4N 1A5, Canada. Located at intersection road 72a Avenue & 190 Street in the neighbourhood of Cloverdale-Surrey. Orenda is a new townhouse development by Mortise Group of Companies. Comprise of 39 beautiful wood-frame units, 3 levels and with a scheduled completion in 2021. Available in 1 - 4 bedrooms, all units come with 2 underground parking stalls. Orenda features both single-level and multilevel living spaces to cater to any lifestyle. Open concept interiors include 9' ceilings and natural gas forced air heating. Only steps away from shops, schools, newly constructed Clayton Community Centre.
Official Website: www.orendahomes.ca Phone: 604-720-7478 Email: info@orendahomes.ca Sales Address: 18865 72 Ave Surrey BC, Canada
Strata Sub Categories: Strata Townhouses
Cloverdale is a historic town and designated town centre of Surrey, British Columbia, Canada, located near Langley, which is east of Vancouver.
Cloverdale is known by some as the historic centre of Surrey, B.C., and is home to many heritage sites.One of its oldest buildings, Christ Church,was built in 1882 and still stands today. Cloverdale is also the home to the City of Surrey's official Museum.
In addition to Cloverdale’s historic neighbourhoods, the community is experiencing residential growth in neighbourhoods such as East Clayton and West Cloverdale providing a variety of housing types. Leisure attractions in the area include the Fraser Downs Racetrack & Casino in the Cloverdale Fairgrounds and Northview Golf & Country Club.
The RE/MAX® brand delivers notable advantages – for agents with a RE/MAX brokerage
As the 2024 RE/MAX vs. The Industry report shows, RE/MAX agents are the most productive, meaning they close more transaction sides than other real estate agents, on average. In fact, RE/MAX agents closed an average of 11.8 transaction sides throughout 2023, nearly double that of the competition
But productivity isn’t the only place RE/MAX shines. The annual report, which ranks the results of national, full-service brokerage brands in the U.S., also highlights that the balloon-backed brand dominated in unaided brand awareness at 36.4%.
Canadian mortgage payments went from virtually nothing to very high
Canadian mortgage payments went from virtually nothing to the highest level in well over a decade, inflicting pain on mortgage borrowers. However, the value of homes also surged. In fact, from the rate cuts that sent home prices surging in March 2020 to the end of 2023, the growth rate of home prices outpaced the increase in the average mortgage payment on file at Equifax. This was true in most of Canada’s largest cities, especially in Eastern Canada where the average household’s payment significantly lagged home price growth.
Canadian Home Values Climbed Faster Than Mortgage Payments
B.C. housing market showing signs of marginal improvement
B.C.’s housing market saw a slight improvement in March as home sales nudged higher following a 5.9-per-cent decline in February. Sales increased 0.7 per cent to reach 5,866 unit sales. Home prices rose 1.8 per cent. This said, housing momentum has waned in the last few months as buyer sentiment shifted amid interest rate uncertainty.
MLS home sales increased in most of the province’s real estate board areas. The Greater Vancouver area saw home sales increase by 1.4 per cent following a decline in the previous month. In Chilliwack, home sales increased only slightly—by just 0.5 per cent—while the Kootenays reported a 17.2-per-cent increase. Home sales also rose 9.4 per cent on Vancouver Island, and were unchanged in the Fraser Valley. However, the Okanagan-Mainline and South Okanagan areas recorded sales declines of 8.9 per cent and 19 per cent, respectively.
Lethbridge industrial market strengthens as options limited
Western Canada’s industrial markets are at an inflection point as demand normalizes and the pause that hit new construction last year begins to make itself felt.
Conservative market sentiment is now creating the conditions for stronger performance in 2024, Avison Young reports, with cities like Lethbridge poised to see a landlord’s market for industrial space.
Lethbridge reported a 4.1 per cent vacancy rate in the first quarter, up from 4 per cent at the end of 2023. But space under construction is down more than half from last year to 50,000 square feet, creating potential supply constraints.
That change will have significant implications for cottage owners. Many have seen the value of their properties skyrocket in recent years, which could cause them to kick the tires and sell before the higher tax rules kick in.
Modern contemporary architecture with an accent brick exterior
Lush landscaping throughout the community including trees, shrubs, and grass
Prime location just steps away from Clayton Community Centre, schools, shops, restaurants and so much more
INSPIRED KITCHENS
Designer kitchens featuring quartz countertops and premium backsplashes Sleek modern cabinets with your choice of a high gloss finish or modern wood tones, all with soft close doors and drawers.
Premium stainless steel appliance package:
Fridge
Range (optional gas upgrade)
Hood Fan
Dishwasher
Built-in Microwave
IMPRESSIVE INTERIORS
Sleek and modern interiors with a selection of expansive layouts to choose from
Choice of two designer curated color schemes to personalize your home: Oak & Ivory
Durable wide-plank laminate wood flooring in all the living areas
Expansive floorplans with 9' ceilings
Large Energy Star Low-E windows Maximize light, complete with zebra blinds
WE'VE GOT YOU COVERED
Forced air heating and cooling for each home
Front loading washer and dryer
Strategically placed vacuum points throughout the homes
Cat5e wiring for internet, telephones, and television
Comprehensive 2-5-10 new home warranty includes:
- 2 years for materials and labor - 5 years for the building envelope - 10 years for structural defect
Built by Mortise, a trusted developer with over 25 years of experience building homes throughout the Lower Mainland
Features/Amenities from other sources
Air Cond./central
Club House
Maintenance Fees Include
Electricity
Garbage Pickup
Gardening
Snow Removal
Restrictions
PETS ALLOWED W/REST.
RENTALS ALLOWED
No. of Pets
2
Dogs
Yes
Cats
Yes
Restrictions updated:
January 2011
Construction Information
Year Built
2022
Levels
3
Construction
Frame - Wood
Roof
Asphalt
Foundation
Concrete Perimeter
Exterior Finish
Mixed
Strata Information
Strata Plan #
Units in Development: 39
Units in Strata: 39
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