Money New homes, new hope for Cloverdale in Surrey, B.C.
Real estate terms you should know before buying a house
Detached … semi-detached … townhouse … link home … what do these mean? And how do I find the right home when it’s not always easy to understand real estate jargon? Whenever you buy a property, I strongly recommend performing your own due diligence — that may include getting a home inspection done — and working closely with your salesperson. Talk openly about your needs and expectations and get them to explain any terms you don’t fully understand.Your salesperson can best assist you when you know what sort of property fits your lifestyle. Let’s briefly discuss the types you mentioned in your question.
At first glance, the condo and townhouse developments sprouting up near 176 Street and Highway 10 in the Cloverdale area of Surrey, B.C. look a little out of place.
This, after all, is the historic district — the home of antique shops, not high density housing.
Take a closer look, however, and you'll notice this is a neighbourhood in transition.
Paul Orazietti, executive director of the Cloverdale Business Improvement Association, says most of the antique shops packed up and left years ago.
"That whole business model has changed and a lot of them have gone on the internet and it's specialized," Orazietti said.
Toronto homes sales, prices slump in March
Toronto homes sales sagged in March, tumbling 39.5 percent from the previous year, as tighter mortgage rules and higher borrowing costs dampened demand, data showed on Wednesday. Sales of detached homes plunged 46.3 percent and condo sales dropped 32.7 percent, as many would-be buyers put their plans on hold, the Toronto Real Estate Board (TREB) said.The average selling price in the Toronto area was C$784,558 ($613,799), down 14.3 percent from C$915,126 in March 2017, though up 2.1 percent from February 2018.The average selling price for a detached home, the most expensive segment of the market, plunged 17.
"A lot of what the town centre has done has gone to service-oriented organizations. We've actually become kind of the haircut capital of British Columbia."
What's old is new
The townhomes are being built where the old Cloverdale Mall used to stand.
The shopping plaza hit hard times in its later years and was badly run down when it was finally demolished in 2011.
"That mall commercially was in decline, probably because of a lot of commercial development in the Willowbrook area," said Don Luymes, Surrey's director of strategic initiatives, referring to an area in nearby Langley.
Luymes said the city purchased the mall site several years ago and sold it through the city's development corporation, to a number of private-sector developers.
Nearly 70 charges laid in burglary ring targeting Toronto-area homes
Nearly 70 charges laid in burglary ring targeting Toronto-area homes Halton regional police say they launched a project to investigate the alleged crime ring in early March after a residential break-and-enter in Oakville, Ont.
Around the same time, the American TV series Smallville stopped filming in Cloverdale. Fans of the show, which depicts the life of a young Clark Kent from Superman comic book fame, didn't visit anymore.
Business owners complained the old mall site was left to rot and the eyesore kept customers away.
The neighbourhood has seen a resurgence over the last few years as shopkeepers have organized events and street festivals.
Helena Lloyd, who owns Mates Uniforms on 176 Street, hopes the new developments will be the catalyst the community needs.
"I think it will boost the neighbourhood," she said.
"If we can provide stuff here — services and business — they won't go elsewhere because it's walking distance."
Swift investigations promised, after family reveals gruesome details of father's decomposed body .
The Ontario government is investigating the case of an 82-year-old grandfather whose body decomposed in his Toronto retirement home when nobody noticed he was not showing up for his meals.Roy Gillett was dead from a heart attack and decomposing in his bed for at least three days — his family believes it was five days — before his body was discovered on May 23, 2017 at the Bill McMurray Residence. A fellow resident asked the home to check on Roy, when she noticed his absence from the home’s common dining room.
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