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Fraser Glen

22740 116th Ave


Maple Ridge, V2X 2X7 VMREC - East Central

  • Levels: 2
  • Suites: 69
  • Status: Completed
  • Built: 1994
  • Title To Land: Freehold Strata
  • Building Type: Strata
  • Strata Plan: LMS1596
  • Bldg#: 2981

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Building Info

Fraser Glen - 22740 116 Avenue, Maple Ridge, BC V2X 3E6, LMS1596 - located in East Central area of Maple Ridge, near the crossroads 116th Avenue and Lougheed Hwy. Fraser Glen is within minutes to Maple Ridge Museum, Brickwood Park with its tennis courts and a playground, Telosky Stadium and Thomas Haney Youth Action Park, Maple Ridge Lawn Bowling Club, Epic Yoga and Fitness Studio, Southridge Centre, London Drugs, Save-on-Foods, Curves, Starbucks Coffee, Haney Place Mall, Memorial Peace Park, Municipal Hall, Maple Ridge Arts Centre and Thetre, Zellers, Scotiabank, Maple Ridge Public Library, HSBC Bank, Haney Shopping Centre, Callaghan Park, KinPark and Reg Franklin Park. The restaurants in the neighbourhood are McDonald's, Red Robin, China Kitchen, A&W Restaurants, Dino's Place, Mona Pizza, Papa John's Pizza, Soprano's Pizza, King's Kitchen and Shinobi Japanese. The bus stops near the complex and West Coast Express station is a short drive away. The schools nearby are Golden Ears Elementary, Kanaka Creek Elementary, Alexander Robinson Elementary, harry Hooge Elementary, Eric Langton Elementary, Maple Ridge Secondary and Alouette Elementary. Fraser Glen was built in 1994 with a frame-wood construction and vinyl exterior finishing. There are 69 units in development and in strata. This is an adult-oriented community with an age restriction 45 years old and above. This complex offers wheelchair access, an exercise centre, a hot tub, a sauna, a lounge, tennis courts, in-suite laundry and RV parking. Most homes feature open concept living room, vaulted ceilings, spacious bedrooms, gas fireplaces, balconies, lots of windows, patios and backyards. A lot of suites were updated and offer stainless steel appliances, granite countertops and laminate floors.

Strata Sub Categories: Strata
 

Fraser Glen Technical Info

Building Name Fraser Glen
Address 22740 116th Ave
City Maple Ridge
Neighborhood East Central
Listing Price Range N/A
Floors 2
Units in Development: 69
Units in Strata:69
Property Types Freehold Strata
Sub Categories:Strata
Year Built 1994
Restrictions Details
Strata Plan LMS1596
Strata Plan Log-in LMS1596
Title to Land Freehold Strata
  

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Other Buildings in Complex/Area

  1. A Rosewood Court - 22611 116TH AVE - NWS3296
  2. B Poolside Villa - 11485 227TH STREET - LMS180
  3. C The Rivers Edge - 22751 HANEY BY-PASS OTHER - LMS1258
  4. D Fraserview Village - 22538 116TH AVE - LMS180
  5. E Castle Mount - 11601 227TH STREET - LMS618
  6. F Hillcrest - 11605 227TH STREET - LMS1315
  7. G Emerald Manor - 11609 227TH STREET - LMS2344
  8. H Southwood Heights - 11464 FISHER STREET - NWS2885
  9. I Stanford Gardens - 11519 BURNETT STREET - LMS2114
  10. J Telosky Village - 11502 BURNETT STREET - NWS3409
  11. K Maple Creek Living - 11384 BURNETT STREET - EPS641
  12. L Fraser Court - 22514 116TH AVE - NWS2997
  13. M Burnett Common - 11528 BURNETT STREET - BCS599
  14. N Cedar Estates - 11580 BURNETT STREET - NWS3378
  15. O Fraserview Village - 22515 116TH AVE - NWS2547
  16. P Fraserview Village - 22555 116TH AVE - NWS3147
  17. Q The Willows - 11578 225TH STREET - NWS2509
  18. R Castlemount - 11601 227 STREET - LMS618
  19. S Fraser Court - 22514 116 AVENUE - NWS2997
View All Buildings in Maple Ridge

September 2021 Market Insights

August 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,152 in August 2021, a 3.4 per cent increase from the 3,047 sales recorded in August 2020, and a 5.2 per cent decrease from the 3,326 homes sold in July 2021.

July 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,326 in July 2021, a 6.3 per cent increase from the 3,128 sales recorded in July 2020, and an 11.6 per cent decrease from the 3,762 homes sold in June 2021.

June 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,762 in June 2021, a 54 per cent increase from the 2,443 sales recorded in June 2020, and an 11.9 per cent decrease from the 4,268 homes sold in May 2021.

May 2021 Market Insights

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,268 in May 2021, a 187.4 per cent increase from the 1,485 sales recorded in May 2020, and a 13 per cent decrease from the 4,908 homes sold

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3 CREA and RECO issued a notice about steering to over 93,000 real estate agents

"In addition to being illegal, the conduct undermines consumer protection, consumer confidence and the reputation of the real estate profession as a whole," said the notice.

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4 Canadians hoping to enter the housing market to homeownership for qualified first-time buyers

 It remains to be seen whether proposed tweaks can revive the much-maligned federal program

On paper, it seemed a welcome break for Canadians hoping to enter the housing market: a federal incentive program aimed at reducing the monthly mortgage burden and easing the passage to home ownership for qualified first-time buyers.

Over two years after its introduction, though, the jury is still out on whether the First-Time Home Buyer Incentive, unveiled by the federal government in September 2019, has had any significant impact in addressing the mounting challenges faced by would-be homeowners across the country.

Figures released to Parliament in April painted a damning picture of the program, revealing that it had seen an uptake of just over 9,000 successful applicants since its introduction – with the $170 million released in incentives representing a small fraction of the program’s $1.25 billion overall value.

One of the most significant stumbling blocks in the incentive, which offers mortgage relief through a shared-equity program between homebuyers and the government, appeared to be the fact that ever-soaring house prices across much of Canada meant that it had little impact on prospective buyers in the country’s hottest markets.

While the government introduced changes to the program late last year – announcing increased household income and buyer’s income thresholds for Vancouver, Victoria and Toronto – those amendments still meant that the program’s maximum eligible home price remained well below the going rate in those markets.

The program has faced staunch opposition from the get-go, with Conservative MPs Tom Kmiec and Stephanie Kusie urging the government to scrap the scheme in May 2020 after it had been in operation for less than a year.

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Still, the governing Liberals have stuck resolutely by the plan, announcing in their platform prior to September’s federal election – in which they were returned to government, having emerged once more as the largest party in Parliament – that they would retain and rejig the scheme if re-elected.

Under that platform’s proposals, changes to the program would give applicants a choice between the current shared-equity approach and a loan that’s repayable when the property is eventually sold – theoretically allowing new homebuyers to keep more of any increase in their home’s value while also reducing mortgage costs.

CanWise Financial president and RateHub co-founder James Laird told Canadian Mortgage Professional in recent weeks that the First-Time Home Buyer Incentive was an “illogical, complex program” that made little sense and should have been abandoned completely, rather than reworked.

In Newfoundland and Labrador, Robert Jennings (pictured top), owner and mortgage broker at East Coast Mortgage Brokers, said that while the scheme was often raised as a topic among clients, actual uptake had proven limited.

“I would say we have a fair amount of conversations, but it doesn’t lead to a lot of usage,” he said. “The usage rate is very low. I believe if I were to pinpoint it, the lean on the property [government involvement] would be really discouraging to a young, proud first-time homebuyer.

“I feel like maybe in Newfoundland in particular, there’s a home ownership pride that they don’t want to share or give up… Of course, there’s the eligibility issues as well. It seems like in a lot of cases trying to put a square peg in a round hole.”

Read next: What the Canada election result means for the mortgage industry

While Jennings said that the scheme had arguably fallen short in its attempts to create a smoother path to first-time home ownership, he believes efforts at a federal level to address the country’s growing housing affordability crisis are to be applauded.

“Everybody made it a big deal in their platforms – not just first-time home ownership, but home ownership in general and affordability,” he said. “I just really hope that they re-evaluate everything.

“They had good intentions, but I feel like they missed the mark. There’s no reason not to try; the problem’s not going away. I’d like to see what happens when the dust settles and I hope that it [the housing crisis] remains a priority, because they certainly made it seem like it would on the campaign trail.”

A good place to start, Jennings said, would be for the federal government to work collaboratively with stakeholders and those who work daily in the mortgage and housing industries – whether that be on changes to the stress test or potential longer-term amortizations.

“What I want is them not to do things blindly,” he said, “to embrace input, do their homework and try to get it done – but also get it done right.”

 

 

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