Sutton Showplace Realty (2015) Chilliwack

  604-858-1800 

Chilliwack’s redeveloped downtown may see new businesses as early as this Fall

24 January 2019
Sutton Showplace Realty Chilliwack

The article below is sourced from: The Chilliwack Progress.

Although revitalization plans for downtown Chilliwack were announced last summer, locals didn’t start seeing changes until December when demolition crews arrived and began excavating sites for new construction.

“We’re right on track, though … and hope to have the project done in four years,” said Dave Algra, vice-president of Algra Bros, the development company in charge of the project.

The ambitious project, which comprises four phases, will see the transformation of 3.75 acres of prime downtown Chilliwack real estate from vacant shops and empty streets, to a lively, community-driven atmosphere.

“It’s not our first rodeo, (so) we have a pretty good idea on how it’s all going to work,” explained Algra.

The company, which is located in Abbotsford, has been building in Chilliwack for several years now, says they approach their developmental undertakings as opportunities to create “spaces where people can be successful.”

“Our goal is to create something that … people enjoy being in (and) spaces to allow people to enjoy (local) businesses. We’re making a place for people,” said Algra.

The first phase of the project is the re-purposing of all existing buildings in the development area, which will also include the first part of the planned pedestrian street. And while construction is a sequential process that begins with the issuing of proper permits, which Algra is still in the process of securing, they’re expecting businesses to begin opening in new spaces come this fall.

“We hope to get them in in July or August for (tenant improvement projects),” said Jon Kinneman, Algra’s art director.

Phase two will be the construction of an 63-unit apartment building, which will significantly increase the amount of residential spaces in Chilliwack’s downtown core. There will also be 18 residential units on top of the existing buildings.

“Working with old buildings provides unique challenges,” explained Algra, “but no more buildings will be coming down. We’re trying to maintain (many of) the structures (as we) dismantle parts (and) sculpt walls into new facades.”

Phase three of the project will be a parkade, explained Kinneman, and the final phase will be a multiple-storey building that’s a mix of commercial and residential units.

With their eyes on global trends, said Kinneman, Algra Bros hopes to bring a modern, yet classical feel into the city’s aging downtown infrastructure. Walkable cities with blocks of small commercial fronts mixed with residential spaces create livable communities where local businesses thrive, which is Algra’s hope for Chilliwack’s future.

For more information on Chilliwack’s downtown redevelopment, please visit the Algra Bros project website at Chilliwackisback.com.



  News

Check to see if there's any rebates/incentives that apply to your home improvements.

16 January 2019
Sutton Showplace Realty Chilliwack
Did you know that there's rebates available to home owners in B.C? Whether you're looking to sell, or stay in your home long term, many of these upgrades could add value to your home and save you money on electricity and gas in the long run.
If you're thinking of upgrading or replacing items in your home, have a look at the website below to see if there's any rebates/incentives that apply to your home improvements. https://goo.gl/iynTA5
There's rebates for items such as heat pumps, geothermal heat, natural gas boiler & water heaters, windows, doors, appliances, insulation, and more!
The incentives offered are not solely for residential homes, there's rebates available for new construction residential, non-profit housing and commercial structures as well.

Featured Listings - Jan 9

10 January 2019
Sutton Showplace Realty Chilliwack

Check out just a few of our newly listed homes. Stay tuned on Friday for OPEN HOUSE info for this upcoming weekend!


Takeaways from the 2019 B.C. property assessments

09 January 2019
Sutton Showplace Realty Chilliwack

Article from: https://www.bcbusiness.ca/Takeaways-from-the-2019-BC-Property-Assessments?fbclid=IwAR3q2tqBbxFsaDgp1E0GE1PG07bnBQLva2CVaORCV7zOzOWsyIPjrhmxahw

The 2018 B.C. property assessments made headlines recently, mostly because residential estates in Vancouver fell after years of big gains. Observers attribute much of that change to new restrictions on real estate from the NDP government. But throughout the rest of the province, downturns in value weren’t really the story. And the devaluations didn’t extend to commercial or industrial properties: non-residential estates enjoyed another year of gains across the board. Overall, assessments across B.C. rose by 1.07 percent.

Here’s what else we learned from the province’s real estate breakdown. Keep in mind that the assessments reflect market value as of July 1, 2018.

  • The community with the highest uptick in single-family residential properties? The village of Sayward. According to the 2016 census, Sayward has a population of 311. It’s located on the northeast coast of Vancouver Island, about an hour north of Campbell River. Sometimes statistics in a smaller community can be thrown off by an outlier or two, but the 44-percent increase seems to have affected the area somewhat equally.
  • Other small Vancouver Island communities like Tahsis (30 percent) and Cumberland (27 percent) saw massive surges in single-family assessments, too.
  • The lowest increase in single-family assessments on Vancouver Island came from Saanich, which was separated into two jurisdictions measuring 4 and 6 percent.
  • It’s not the same story in Greater Vancouver, where six regions saw a loss for single-family properties. Among them, Vancouver, Burnaby and North Vancouver each took 4-percent hits, while West Vancouver saw a 12-percent decline.
  • However, all regions in Greater Vancouver saw a rise in the assessed value of strata residential properties, with the lowest gain coming from Vancouver (6 percent). Whistler saw the highest such rise, with 23 percent.
  • Other than single-family residences in Richmond and White Rock (both down 2 percent), Fraser Valley property owners mostly got good news. Strata holders in Abbotsford (a 28-percent gain), Langley (27 percent) and Chilliwack (23 percent) did particularly well for themselves.
  • The lowest percentage uptick for strata owners in the Fraser Valley came from Delta’s 7 percent. Not bad.
  • Northern B.C. mostly saw single-family residential gains between 8 and 11 percent, with a few exceptions, notably increases in Kitimat (31 percent), 100 Mile House (20 percent) and Kitimat (20 percent).
  • However, there was a 23-percent drop in single-family residential assessments in the northeast corner of the province. The Northern Rockies Regional Municipality, which includes Fort Nelson, saw values plummet. Maybe not the best place to have an investment property.

What were your takeaways? 


Featured Listings - Dec 15

16 December 2018
Sutton Showplace Realty Chilliwack

Check out just a few of our newly listed homes. Stay tuned on Friday for OPEN HOUSE info for this upcoming weekend!


B.C.’s skyrocketing real estate market will ‘correct’ in 2019: analyst

11 December 2018
Sutton Showplace Realty Chilliwack

After years of skyrocketing real estate prices in much of urban B.C., things are finally set to cool off in the new year.

A 2019 market survey forecast from Royal LePage suggests that house prices are in the Lower Mainland will rise by just 0.6 per cent.

Last year’s forecast predicted prices would rise by five per cent.

Next year’s predicted increase would leave houses costing an average of $1.3 million by the end of the year.

Royal LePage Sterling Realty general manager Randy Ryalls said that the slowdown was a natural correction after a busy few years on the real estate market.

“The volume is down off of those crazy levels where we were selling 5000 properties a month,” Ryalls said.

“This is much more of a normalization of our market than we’ve seen in quite a few years.”

Ryalls said that the mortgage stress test brought in at the start of the year, coupled with the foreign buyers tax and other provincial policies, was helping to calm markets.

But for buyers who thought “the ship had sailed,” Ryalls said 2019 presented a new opportunity.

“The condo and townhouse market has sort of balanced itself out and detached houses are probably firmly in buyer market territory,” he said.

That means there will be opportunities for first-time millennials buyers for the first time in years.

“Where you were having to compete with several other buyers to buy a property in 2016 and 2017, now you have an opportunity to go and be the only buyer on a property and negotiate a pretty good price,” Ryalls said.

“There’s an opportunity for a millennial buyer. Now they can go and not make a decision in five minutes when they walk in the door.”

But recent buyers shouldn’t despair that they’ve bought a useless property.

B.C. still has “probably the best economy in Canada,” Ryalls noted, and with unemployment remaining low, the real estate market continues to have a strong foundation.

“There’s periods of a lot of growth in terms of prices and then it slips back a little bit,” Ryalls said.

“We’ve gone through a period when we’ve had double digit increases per year and that’s not sustainable and that’s going to correct itself a little bit.”

Credit to original article from The Progress: https://www.theprogress.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/?fbclid=IwAR3ryyK9hmHnS0v3IbXbcv6TMJF5swA7dDNnYbfuKdJmBXZ3_Kb-3_Z2FAM


Annual Door Decorating Contest!

08 December 2018
Sutton Showplace Realty Chilliwack

**CONTEST IS NOW CLOSED**

It's time again for Sutton's Annual Door Decorating Contest!

The busy elves in the office have been hard at work trying to make their door the very BEST! But we need your help deciding - and your vote enters YOU into the Contest to Win a Festive Gift Basket, $50 Fraser Valley Meats Gift Certificate and a $25 Superstore Gift Card!!

There are 3 categories to vote on. VISIT OUR FACEBOOK PAGE TO VOTE

The Contest ends December 18th at Noon. Facebook votes will be combined with judges scores to decide on the 3 winning doors.

This contest is not affiliated with Facebook.
*The winner must be able to pick up their prize between Dec 19 - 21st from the Sutton Showplace office between 9am - 5pm. Closed Weekends and Holidays.


Winter Wonderland CONTEST 2018

12 November 2018
Sutton Showplace Realty Chilliwack

** CONTEST IS NOW CLOSED**

Enter our Winter Wonderland Contest to WIN 2 Tickets to Cirque Musica, in Abbotsford on December 21st, courtesy of Sutton Showplace Realty!

Please follow the rules to be eligible. Good luck everyone!

Contest Opens: Nov 12, 2018 at 9:00am
Contest Closes: Nov 30, 2018 at 12:00pm

TO ENTER:
1) 'Like' the Sutton Showplace Realty Facebook Page.
2) ‘Like’ this contest post on Facebook.
3) Comment on the original Facebook post by tagging a friend you’d like to take with you to Cirque Musica!

One winner will be randomly selected on November 30, 2018 and will be notified via Facebook. (For prize pickup, the winner can drop by our office on weekdays between 9am-5pm *Our office is closed on weekends and holidays.

RULES:
1. One (1) entry per person.
2. By entering this contest, contestants and their legal guardians consent to Sutton Showplace Realty 2015 publishing and/or announcing the Prize Winner’s name (first name only), and photograph posted publicly, including print advertising and social media.
3. This contest is in no way sponsored, endorsed or administered by, or associated with, Facebook or Cirque Musica.
4. This contest is not associated with any other Sutton Realty offices. Each office is independently owned and operated.

Sutton Showplace Realty office is located at #100-7134 Vedder Road, Chilliwack. 604-858-1800


Office Closure for Remembrance Day

11 November 2018
Sutton Showplace Realty Chilliwack

The Sutton Showplace office will be closed today. Please take a moment today to honor those who have fought for our freedom.
Chilliwack will be hosting a Remembrance Day Procession and Service. Click the link for further details.

http://www.chilliwack.ca/main/page.cfm?id=2752


Featured Listings - Nov 7

08 November 2018
Sutton Showplace Realty Chilliwack

Check out just a few of our newly listed homes. Stay tuned on Friday for OPEN HOUSE info for this upcoming weekend!