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FVREB elects 2021/2022 Board Of Directors

SURREY – The Fraser Valley Real Estate Board (FVREB) elected its 2021/2022 Board of Directors during a recent virtual Annual General Meeting. Larry Anderson assumed the role of President on April 1st, following outgoing President Chris Shields. Anderson is a licensed REALTOR® of over 28 years, and the Broker-Owner of Sutton Premier Realty, Surrey. “This is truly a privilege and an honour,” said Anderson. “This fall, the FVREB celebrates its centennial. I am certain that the small group of 14 who pioneered our board in 1921 could never have imagined that we would become the fifth largest professional association of REALTORS® in Canada. The Board is what empowers our success as Fraser Valley Realtors.

Vancouver real estate: home torn down after $1 8 million flip, duplex built on same lot and sold over $4 million

by Carlito Pablo on April 25th, 2021 at 9:49 AM 1 of 2 2 of 2 The City of Vancouver cites affordability as reason for allowing more homes in low-density neighbourhoods. This was the case in 2018, when the Vision Vancouver administration, in one of its last actions in office, permitted duplexes in most areas zoned for single-family homes. The succeeding council led by newly elected Mayor Kennedy Stewart affirmed the policy in the same year. The property at 2884 Yale Street is an example of a single-family home that was turned into a duplex. Whether the redevelopment resulted in greater affordability is a question that one might want to ponder.

Vancouver real estate: bought $4 2 million in 2018, Marpole house now selling at a loss for $2 9 million

by Carlito Pablo on April 23rd, 2021 at 1:35 PM 1 of 1 2 of 1 Not everyone gets to make money in the hot real-estate market of Vancouver. Some risk losing their shirt. Let’s look at 380 West 62 nd Avenue, a Marpole area property listed this week. B.C. Assessment record shows that the single-family home on a 50-foot lot was purchased on February 11, 2018 for $4,280,000. In that year, the provincial assessment agency pegged the value of the two-storey property located east of Cambie Street at $3,130,000. On August 6, 2019, the same property came on the market, when RE/MAX Real Estate Services listed it for $4,380,000. No buyer came forward, and so the listing terminated on September 19 of the same year.

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