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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
Salisbury Lane - 6111 No 1 Road, Richmond, BC, V7C 1T4. Strata No: LMS2670, 3 levels, 69 units, built in 1997 by Polygon. Located in the Terra Nova neighborhood of Richmond, at the crossroads of No 1 Rd and Westminster Highway. The complex features great facilities including club house, swirlpool, outdoor pool, hot tub, gym, gas fireplace, 2 cars tandem garage, in-suite laundry and meeting room. Complex is a short drive to Archibald Blair Elementary School, JN Burnett Secondary School, Thompson Community Centre, Tera Nova Rural Park and Mall, Quilchena Golf and Country Club, Quilchena Elementary School, James Gilmore Elementary School, Manoah Steves Elementary School, RM Grauer Elementary School, Butterfly Progressive Montessori Preschool, Donald E. Mckay Elementary School, Spu'lukwuks Elementary, Save On Foods and Starbucks. Salisbury lane has easy access to Vancouver and Richmond centre. Close to all amenities, Terra Nova shopping plaza, the Richmond Nature Park, the West Richmond Trail along the dyke which connects Terra Nova with Garry Point Park.
Prices steady as resale home sales increase Metro Vancouver's June housing sales up month-over-month and 17 per cent above June 2019 with prices higher than a year ago
The total number of homes currently listed for sale on the MLS system in Metro Vancouver is 11,424. That's 23.7 per cent down from the 14,968 homes that were listed for sale in June 2019, but up 15.1% per cent from the 9,927 listed properties in May 2020.
For all property types, the sales-to-active listings ratio for June 2020 was 21.4 per cent. By property type, the ratio is 19.9 per cent for detached homes, 25.2 per cent for townhomes, and 21.3 per cent for apartments. Real estate insiders tend to describe the market as a “buyers’ market” when the sales-to-active-listings ratio is less than 12 per cent, and a “sellers’ market” when that ratio is above about 20 per cent for several months in a row.
Sales of detached homes in June reached 866, up 16.1 per cent from the 746 detached sales recorded in June 2019. The benchmark price for a detached home was $1,464,200, up 3.6 per cent from June 2019, and up 0.5 per cent from May 2020.
RE/MAX: COVID-19 can’t slow demand in Toronto real estate market
COVID-19 has not significantly deterred buyers in Toronto due to the market-friendly monetary and fiscal conditions driven by the federal government and the Bank of Canada, according to a RE/MAX analysis.
While employment levels have fluctuated and businesses have placed themselves on hold over the last few months, “at the same time, there has been sustained activity in the number of buyers compared to available listings,” RE/MAX said. “This is one of the chief factors in supporting price growth relative to last year’s pace, despite shifting market conditions.”
CoreLogic launches AI driven platform for real estate agents
CoreLogic said that OneHome streamlines communication between agents and home buyers during the purchase process, while also providing access to financing, insurance and home improvement providers.
Telling Tale of Two Hotel Sales in Victoria, an Award-winning Waterfront Property.
Sooke Harbour House made a name for itself internationally after Frederique and Sinclair Philip purchased the property in 1979. Their focus on locally grown food and seafood and a top-notch wine cellar earned them honours inside Canada and beyond. It has hosted movie stars and served as a movie-set location.
Homebuyers pulling the trigger in the Fraser Valley and beyond
"June’s numbers clearly indicate that the market is functioning in this challenging new environment and we’re returning to more typical activity levels." — Chris Shields, president of the Fraser Valley Real Estate Board
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