Maple Ridge

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Self Managed

11869 223rd Street


Maple Ridge, V2X 5Y2 VMRWC - West Central

  • Levels: 3
  • Suites: 4
  • Status: Completed
  • Built: 1987
  • Title To Land: Freehold Strata
  • Building Type: Strata
  • Strata Plan: NWS2491
  • Bldg#: 9175

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Building Info

11869 223 Street - 11869 223 Street, Maple Ridge, BC V2X 7W7, NWS2491 - located in West Central area of Maple Ridge, at the crossroads 223 Street and 119 Avenue. This complex is within minutes of walk to Municipal Hall, Starbucks Coffee, Maple Ridge Arts Centre and Theatre, Zellers, Maple Ridge Public Library, Memorial Peace Park, Haney Place Mall, Curves, Marina's Gelato, Save-on-Foods, London Drugs, Epic Yoga and Fitness Studio, Southridge Centre, Haney Shopping Plaza, Kin Park, Maple Ridge Secondary, Merkley Park, Reg Franklin Park, Eric Langton Elementary, St. Patrick's School and Fletcher Park. A short drive distance to Harry Hooge Park and Elementary School, Pionner Park, Golden Ears Elementary, Maple Ridge Lawn Bowling Club, Maple Ridge Museum, Brickwood Park, Ridge Meadows Hospital and Health Care Centre, Glenwood Elementary, Lion's Park, Laity View Elementary, Volker Park, Hampton Park, Alouette Park and Elementary School. The residents of "11869 223 Street" have easy access to Lougheed Hwy, Pitt Meadows Bridge and Golden Ears Bridge. The bus stops are within steps from this building and Port Haney Station is about 10-minute walk distance away. The "11869 223 Street" was built in 1986 with a frame-wood construction and mixed exterior finishing. There are 4 units in development and in strata. Most homes offer in-suite laundry, spacious rooms and double car garages. 

Strata Sub Categories: Strata
 

Self Managed Technical Info

Building Name Self Managed
Address 11869 223rd Street
City Maple Ridge
Neighborhood West Central
Listing Price Range N/A
Floors 3
Units in Development: 4
Units in Strata:4
Property Types Freehold Strata
Sub Categories:Strata
Year Built 1987
Restrictions Details
Strata Plan NWS2491
Title to Land Freehold Strata
  

Self Managed Videos

1-11869 223 Street, Maple Ridge

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Other Buildings in Complex/Area

  1. A Selkirk Place - 22241 SELKIRK AVE - NWS2611
  2. B Oxford Manor - 22222 119TH AVE - NWS2948
  3. C Sherwood Manor - 22302 MCINTOSH AVE - NWS44
  4. D Cambridge House - 22213 SELKIRK AVE - NWS2762
  5. E Alouette Apartments - 11957 223RD STREET - NWS418
  6. F Centro - 22363 SELKIRK AVE - BCS2743
  7. G Schecker Building - 22347 LOUGHEED HIGHWAY - LMS4016
  8. H 223 North - 22308 LOUGHEED HIGHWAY - BCP49261
  9. I The Dorchester - 11963 223RD STREET - NWS3233
  10. J Windsor Court - 22356 MCINTOSH AVE - NWS2675
  11. K Gordon Towers - 11980 222ND STREET - NWS2870
  12. L Solo - 11749 223RD STREET -
  13. M Solo - 22290 NORTH AVE - BCS3442
  14. N Southridge Terrace - 22230 NORTH AVE - LMS3814
  15. O Falcon Manor - 22150 DEWDNEY TRUNK ROAD - BCS2391
  16. P Dewdney Place - 22128 DEWDNEY TRUNK ROAD - NWS2844
  17. Q 22318 Lougheed Highway - 22318 LOUGHEED HIGHWAY - EPS1148
  18. R Oxford Manor - 22222 119 AVENUE - NWS2948
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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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