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Montvue MLS® Listings
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Building Info
Montvue - 33816 South Fraser Way, Abbotsford, BC V0V 0V0, Canada. Crossroads are South Fraser Way and Montvue Avenue. Strata plan number EPP112890. Two 5-storey mixed-use buildings with 1 level of commercial units on the main floor and 4-storeys of residential units above. Development by Parcel7 Homes. Architectecture by Keystone Architecture.
Situated on Montvue Avenue in the heart of Abbotsford, Montvue offers 1, 2 and 3 bedroom homes within walking distance of locally owned shops, boutiques, restaurants, cafes, and service providers. As one of Abbotsfords oldest communities, the historic downtown core provides the perfect atmosphere for families, downsizers, and young couples who are looking to enjoy life to the fullest.
Official Website: montvueliving.ca Strata Sub Categories: Strata Condos
Vancouver council open to increasing slots, table games at existing casinos
Vancouver city council voted this week to allow for applications to increase the number of slot machines and tables at the city’s two casinos, on the condition they be accompanied by an assessment of their social and economic impacts.
The request to amend the city’s 2011 gambling moratorium was made by the B.C. Lottery Corp., which told council the city’s population has increased 22 per cent in the past decade and that the amendment is a first step to allow BCLC to look at ways of expanding its two existing facilities — the Parq casino in Yaletown and Hastings Racecourse in East Vancouver — rather than building more casinos.
The city has contributed more than $172 million to non-market housing in the form of land
The City of Burnaby has a total of 1,040 non-market housing units, including rentals and co-ops, just built or in development on its land, according to a new city report, and there’s more on the way.
The city lands program for non-market housing, which was adopted in 2015, leases city-owned lands at a nominal rate to non-profit housing providers through a public request for proposals (RFP) process.
The city has contributed about $172.44 million as part of the program, including land, grants and on-and-off-site works, according to the report which accounts for 11 projects that recently completed or were in progress as of March 2024.
The assessed value of the land makes up more than $120 million of that $172-million total contribution for the 11 projects.
Household Financial Health and Housing Market Trends
According to the March 2024 Edge Report, current trends in debt service ratios and net worth may indicate areas of concern. The prevalence of static payment variable rate mortgages, household debt-to-GDP ratios, and Canada’s heavy reliance on real estate assets, may raise concerns about resilience.
In Q4 of 2023, debt servicing costs stayed stable, with the household debt service ratio holding steady at 15%. This ratio, which reflects the portion of disposable income allocated to debt repayment, remains significantly high, at levels not seen since 1990. A minor adjustment downwards from the previously reported peak of 15.2% in Q3 should be noted, however.
The federal government’s new Housing Plan, announced on April 12, 2024 and supported by Budget 2024, introduced a provision aimed at helping renters build credit by integrating rent payments into credit histories. It proposes amendments to the Mortgage Charter, encouraging collaboration among fintech companies, credit bureaus, and lenders to include rental payment data in credit scores.
The government calls on these agencies to create an ecosystem where renters can choose to include their rental payment history in their credit scores. It also expects lenders to prioritize comprehensive credit information, including rental payment history, in credit evaluations whenever feasible.
Federal Budget 2024: What are the proposed capital gains tax changes and how might they affect me?
The capital gains tax inclusion rate – today and tomorrow
Today, only 50% of the capital gain is taxable (this is known as the capital gains tax inclusion rate). This means that $50,000 of the $100,000 earned from the sale of the cottage in our example is added as income for that tax year.
Here’s an example:
Your regular income, earned from your full-time job, is $75,000
You make a $100,000 profit from the sale of your cottage (after you pay real estate fees, closing costs, etc.)
50% of the profit is taxable, which means you add $50,000 to your income during the tax year in which you realized this capital gain
$75,000 + $50,000 = a total income for that tax year of $125,000
The amount of tax you ultimately pay in that year will depend on your tax bracket and its marginal tax rate.
Ideally located in the heart of Historic Downtown, Abbotsford’s vibrant urban community
Walking and transit-oriented lifestyle
Quick bike ride to Mill Lake and Sevenoaks Shopping Centre
Only steps away from local eateries, coffee shops, bakeries and breweries
Montvue is within a few minutes drive to the University of the Fraser Valley, Abbotsford Regional Hospital, Abbotsford Sports and Entertainment Centre
#1 HWY entrance just minutes away
Design Inspired Kitchens
Choose from either contemporary flat panel or traditional shaker-style cabinet doors
Gentle soft-closing cabinet doors and drawers
Stylish quartz countertops
White tile backsplash
High-efficiency stainless steel appliances in the kitchen
Stainless steel undermount sink with a faucet featuring both regular spray and vegetable spray options
Inspired Interiors
Bright open concept layouts designed to maximize use of space for simpler living
Two professionally designed colour packages to choose from: Milky Way or Espresso
Rich and durable water re-resistant Vinyl plank flooring throughout
Bathrooms featuring stylish quartz countertops and undermount sinks
Modern flat stock door casing & baseboards
Stylish and modern lighting package
Large Low-E windows allowing for natural light
Blinds on all opening windows
High-efficiency hot water tank
Peace of Mind
Comprehensive National Home Warranty Insurance Company of Canada insurance including 2-5-10: 2 years of coverage for materials, 5 years of coverage for building envelope, and 10 years of coverage for structural work
Keyless FOB entry in the underground parking with available interphone for visitors parking
Secure, underground parking for residents
Rain screen protection for durability
Hardwired smoke and CO2 detectors
Sprinklers in all homes
Spacious Outdoor Living
Spacious outdoor living on select 2nd floor homes to help you enjoy time with family and friends. Sizes range from 400 sq ft to 1300 sq ft
Features/Amenities from other sources
In Suite Laundry
Restrictions
Restrictions updated:
January 2011
Construction Information
Levels
5
Construction
Frame - Wood
Rain Screen
Full
Exterior Finish
Mixed
Strata Information
Strata Plan #
EPP112890
Title to Land
Freehold Strata
Units in Development: 90
Units in Strata: 90
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