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Wedgewood Place MLS® Listings
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Building Info
Wedgewood Place - 561 Shaw Avenue, Coquitlam, BC V3K 2R2, NWS2300 - Located on Shaw Avenue and Clayton Street in the popular Coquitlam West subarea of Coquitlam, minutes away from Coquitlam College, Skytrain, Lougheed Mall shopping and the prestigious Vancouver Golf Club. The notable landmarks around Wedgewood Place are Guilby Park, Hume Park and Brookmere Park. Easy access to Highway 1 and other major routs allows for an easy commute to surrounding destinations including Burnaby, Vancouver and New Westminster.
Wedgewood Place is close to Roy Stibbs Elementary, Stoney Creek Community School, Burnaby Mountain Secondary and Port Moody Secondary Scools, Rainforest Learning Centre, Sunny Gate Montessori School, Place Des Arts and wide variety of restaurants including Trolls Coquitlam, Sushi 2 Go, Tim Hortons, Lougheed Wonton House and many others.
Wedgewood Place is a three level complex built in 1986. It consists of 11 townhomes featuring great floor plan, wood burning fireplace, walk-in closet and laundry room, recreation room downstairs, huge patio and carport. Maintenance fees include garbage pickup and gardening. Don't miss your opportunity to own this amazing home.
Sales for May are up 34% from April and down 44% for May last year. Listings are down 37% from the same period last year, but 59% increase over April listings
BCREA Housing Market Update (June 2020)
Province May sales were down 45% compared to May 2019. Listings are down 10% year-over-year.
Market Insights April 2020
April Sales in COVID-19 time were down 40% from same period last year. Listings were also down by 60% from the same period last year.
BCREA Housing Market Update (May 2020)
Sales across BC fell 50% in April. Listing are down by 43%
Real Estate Related News Articles(Sun and Province)Search News
Reverse mortgage as an exit strategy is a good idea?
Pimento suggests brokers offer using a reverse mortgage when building an exit strategy out of a high-interest alternative mortgage. Offering a lower interest, long-term strategy will not only benefit the homeowner, but adds an additional commission stream for the broker. Clients can use funds from a reverse mortgage to pay exit penalties from an alternative mortgage, and free themselves from a high-interest loan.
Conference Board of Canada foreseeable outlook for Canadian Real Estate economy
The Board’s Canadian Outlook Summary: Summer 2020, in contrast to projections made by institutions like the Canadian Mortgage and Housing Corporation, predicts less dramatic declines in housing prices, but its remaining insights track closely with projections that see the damage done to Canada’s economy at the hands of COVID-19 lingering well into 2021.
CRA’s eyeing tax audit for Canadian property transaction in the US
A Canadian taxpayer who is reassessed through this audit can face substantial tax penalties on top of interest, not to mention the professional and legal fees required to respond and object to the audit. There is also a possibility of prosecution for tax fraud or tax evasion. This article will break down the typical issues that could come up in a tax audit of undeclared real estate property or unreported real estate transactions.
REW, B.C’s real estate leading platform expanding their established listing adding rental properties.
In addition to listings, REW.ca says renters will have access to videos, virtual tours, market insights, and detailed descriptions of the rental properties, including their location, nearby schools, and amenities.
When asked about REW’s strategy, Bray added that, “our goal is to help Canadians find their next home, no matter what that looks like. Whether it’s buying a brand-new development, browsing a listing down the street, or finding a great rental apartment, REW is focused on delivering a complete real estate experience for everyone.”
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.
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