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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 Crest at 22577 Royal Crescent, Maple Ridge, BC V2X 2M2, Canada. Crossroads are Lougheed Hwy and 226th Street. This new condo development by Grandview . The development was completed in 2019. Sales for available units range in price from $457,900 to $626,000. The Crest has a total of 48 units and 4 stories. Sizes range from 962 to 1416 square feet. Featuring large spacious residences with extra-large balconies, stainless steel appliances and gated underground parking. Designed with families in mind by Grandview Homes, known for their quality workmanship and attention to detail. Take in the mountainous vistas, trails, sunsets and shopping in the parks. Be a part of the growth and excitement happening in Maple Ridge. Urban living with all the perks of downtown just minutes away. Located most conveniently in the core of Maple Ridge. Access to amazing restaurants, shopping, recreation, country park markets, parks and outdoor activities. A short walk to the West coast express. Easy access to the new B line bus route coming in 2019, Golden ears bridge.
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.
48 spacious and thoughtfully considered homes blend modern architecture with a central location in Maple Ridge, The Crest is not only a great place to live and play, it’s a smart investment for your future.
2 Bedroom Floodplans that have large secure and private balconies
Walk to amenities and transit including west coast express
Exceptional craftsmanship by established and highly respected biulder
Meticulous attention to detail high quality finishing
West coast inspired design featuring generous living spaces
Each residence backup with a comprehensive home warranty
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