Friday, August 10, 2012

Price Reduced! 3 Bedroom Townhouse for Sale in Richmond BC

#28 - 7400 Minoru Blvd, Richmond BC, V6Y 1J5, Canada

House | Townhouse | Apartments/Condos | Real Estate
Richmond | Vancouver | Ladner | Tsawwassen 

Thank you for visiting our blog. We specialize in the purchase and sale of residential housing in Richmond, British Columbia. Whether you are relocating within Richmond, searching for an investment property, or leaving Richmond for another area, my experience can help you make the right decisions. Please contact us or take your time exploring my website and make use of the resources available to you.

Please visit: or for more information.
Call Michael Cowling at 604-276-2335 or email him at forshowings.

Property Information:
Sub Area: Brighouse South
MLS® No. V949566
Bedrooms: 3
Bathrooms: 2
Total sq.ft.: 1,333

Central 3 bedroom, 2 full bathroom townhome with newer kitchen cabinets and counter tops, appliances and built in microwave, newer bathroom vanities, counters, sinks and taps. The whole top floor is master bedroom with huge ensuite with skylight, tons of closets and storage. Side by side laundry and fireplace. South private fenced yard. Steps to all levels of schools, malls, community center, library, transportation and Canada Line Skytrain. A must see. Priced below tax assessment. 

RE/MAX Michael Cowling And Associates Realty - Serving Richmond, Vancouver, Ladner, and Tsawwassen


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Tuesday, August 7, 2012

New Legislation will open doors to Development on First Nations Lands

Investors and developers planning to do business on reserve land will find it easier thanks to new provincial legislation. Bill 43, the First Nations Commercial and Industrial Development Act (FNCIDA) Implementation Act, introduced in the BC Legislature on May 3, 2012, will create certainty for business by enabling provincial laws and regulations to apply to major commercial, industrial and residential project on First Nations lands.

Currently, provincial laws and regulations don't apply to reserve lands. First Nations lands are under the jurisdiction of the federal government and only the federal government has the authority to make laws for “Indians, and Lands reserved for the Indians”, as set out in the Constitution Act, 1867, s 91(24) and under the Indian Act.

One notable exceptions is the Tsawwassen First Nation (TSN). Its landmark 2008 Tsawwassen treaty with the federal and provincial governments gave the TFN self-governing powers similar to those of a municipality and land in fee simple, which it can lease.

Of the province’s 198 First Nations, 116 have expressly stated they want the same right as the TFN by participating in the BC Treaty Commission’s treaty negotiation process. However, progress has been slow, often taking years. During this time, business opportunities are being lost—and their accompanying economic and social benefits including jobs and tax revenue.

Bill 43 holds the potential to speed and simplify business activity by creating a level regulatory playing field so that developments on reserve lands are subject to the same provincial regulations that apply to off-reserve developments. This will lead to certainty for business, residents and neighbouring local governments.

The impetus for the new legislation came from requests from two First Nations involved in two projects:
  • The Haisla Nation which has a proposed liquefied natural gas facility for its lands near Kitimat; and
  • The Squamish Nation which has a proposed commercial and 600 unit, four-tower residential development for its lands in West Vancouver.
Bill 43 will operate at the request of a Frist Nation and will also be project-specific. For example, a First Nation planning a mixed-use development alongside a stream can ask the federal and the provincial governments to produce project-specific regulations, which the province will have the authority to monitor and enforce.

Regulations could span everything from the building code to environmental issues to a land title system and a title assurance fund compatible with the BC land title system.

Bill 43 will work with two pieces of federal legislation:
  • The First Nations Commercial and Industrial Development Act (FNCIDA) (2006), which facilitates commercial and industrial development on First Nations lands by allowing provincial regulations to be replicated ant o apply on reserves; and
  • The First Nations Certainty of Land Title Act (2010), which gives the federal government the authority to make regulations respecting commercial land title at the request of a First Nation where the First Nation has the support of a private sector partner and the provincial government.
Currently, First Nations land interests are registered under the federal Indian Lands Registry System, which contains three separate deeds-based systems:
  • The Indian Land Registry System (ILRS), which includes documents related to and interests in reserve (and any surrendered) lands administered under the Indian Act;
  • The First Nations Land Registry System (FNLRS), which includes land records of First Nations operating under their own Land Code as set out in the First Nations Land Management Act (FNLMS); and
  • The Self-Governing First Nations Land Register (SGFNLR), which includes First Nations self-government agreements and documents which grant an interest in self-governed First Nation lands.
None of these systems is as secure as the Torrens-based land registration system used in BC.

Bill 43 will work with the First Nations Certainty of Land Title Act (2010), to enable the provincial government to create, at the request of a First Nation, a land title system administered by the provincial Land Title and Survey Authority (LTSA) on behalf of the federal government.

The Squamish First Nation has made this request. A new land title system will be created for residents of the proposed Squamish project who will be able to register leases with the provincial LTSA on behalf of the federal government.

The Squamish First Nation will also negotiate a range of service agreements, for example, transportation, schools, water and sewer.

Source Real Estate Board of Greater Vancouver

Greater Vancouver housing market hits summer lull

Residential property sales in Greater Vancouver remained at a 10-year low in July, while the number of properties being listed for sale continued to edge down and prices remained relatively stable.

The Real Estate Board of Greater Vancouver (REBGV) reports that there were 2,098 residential property sales of detached, attached and apartment properties in July. That’s an 18.4 per cent decline compared to the 2,571 sales in July 2011 and an 11.2 per cent decline compared to the previous month’s 2,362 sales.

July sales were the lowest total for that month in the region since 2000. They were 31.2 per cent below the 10-year July sales average of 3,051.

People appear to be cautious about making significant financial decisions right now. While our local economy appears to be quite robust, there may be some concern about the impact of international markets and the federal government’s tightening of mortgage regulations.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,802 in July, the lowest number of new listings for any month this year. This represents a 5.8 per cent decline compared to July 2011 when 5,097 properties were newly listed for sale on the Multiple Listing Service® (MLS®) and a 14.5 per cent decline compared to the 5,617 new listings reported in June 2012.

At 18,081, the total number of active residential property listings on the MLS® increased 18.8 per cent from this time last year and decreased 2.2 per cent compared to the previous month.

With a sales-to-actives-listing ratio of 11.6 per cent, conditions have favoured buyers in our marketplace in recent months. That means buyers have more selection to choose from and more time to make a decision. For sellers, it’s important to price properties competitively.

The MLS® Home Price Index (MLS® HPI) composite benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 0.6% to $616,000 and declined 0.7% compared to last month.

Sales of detached properties on the MLS® in July 2012 reached 60, a decrease of 51.2 per cent from the 123 detached sales recorded in July 2011, and a 68.4 per cent decrease from the 190 units sold in July 2010.

Attached property sales in July 2012 totalled 55, an 37.5 per cent decrease compared to the 88 sales in July 2011, and a 40.7 per cent increase from the 135 attached properties sold in July 2010.

Sales of apartment properties reached 101 in July 2012, a 25.2per cent decrease compared to the 135 sales in July 2011, and a decrease of 56.4 per cent compared to the 232 sales in July 2010.

Source Real Estate Board of Greater Vancouver