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Phoenix Craft MLS® Listings
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Building Info
Phoenix Craft - 16655 80 Ave, Surrey, BC V4N 0G7, Canada. Nearest crossroads are 168th Street and 80th Avenue. This This is a new collection of duplex-style townhomes in Fleetwood by Phoenix Homes BC. Have a total of 29 units. Sizes range from 1258 to 1636 square feet. Sales for available units range in price from $649,900 to over $749,900.
Phoenix Craft is full of natural light and designed for functional family living, these spacious 3+ bedroom homes invite you to plant your roots in one of Surreys most sought-after neighbourhoods. With connections in every direction, from convenient commuting options to a future Skytrain stop, daily living is made easy. Plus Phoenix Craft is surrounded by a variety of recreation and leisure facilities, perfect for families. Thoughtful design considerations like granite countertops, fireplaces and sleek stainless-steel appliances make everyday living feel like something special.
Phone: 604.500.0936 Email: info@phoenixcraft.ca Sales Address: Unit 1 – 8033 166B Street, Surrey
Strata Sub Categories: Strata Townhouses
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.
THE BIGGER PICTURE • Bright, duplex-style townhomes surrounded by greenery and nestled in the inviting, family-friendly neighbourhood of Fleetwood in North Surrey • Central location with easy access to major routes like Fraser Hwy, Pacific Hwy and Hwy 1, connecting you to the rest of the Lower Mainland or the US border in no time • Just a few blocks away from a future stop along the newly announced Expo Line SkyTrain Expansion • An 8-minute drive to Fleetwood Park Village for everyday conveniences, and less than 15 minutes away from Guildford Town Centre for your shopping, dining and entertainment needs • Surrounded by a wide variety of recreation and outdoor options like the Surrey Sport & Leisure Complex, Fleetwood Park, Northview Golf & Country Club and the Surrey Golf Club • Double side-by-side garage in every home • Indoor amenity space ideal for entertaining and private functions
INTERIOR DESIGN • Open concept 3-bedroom layouts, with a den and flex room in most homes • Flex room on the main can easily be converted into a 4th bedroom • Bright and airy 9' ceiling in main areas • Laminate flooring throughout the main level kitchen, family room, living and dining room • Living room fireplace finished with large format floor-to-ceiling tiles • Contemporary style 100% nylon carpeting in each bedroom
GOURMET KITCHENS • Contemporary style cabinets with brushed nickel cabinets • 1 1/2" thick polished granite countertops and glass backsplash • Double stainless steel undermount sink, with modern European-style single-lever chrome faucet with pull-out spray • In-sink waste disposal unit • Sleek stainless steel appliances
INSPIRED BATHROOMS • Large porcelain tile flooring • Cantilevered vanity with 1 1/2" thick granite countertops and bevel-edged mirror • European-style undermount sink and modern chrome-polished faucets • Soaker tub and fully enclosed shower in all ensuites
PEACE OF MIND • 2-5-10 National Home Warranty coverage, which includes: - 2 years for materials and labour - 5 years for building envelope - 10 years for structural defects • Rough-in security system • Rough-in vacuum system
The builder reserves the right to make modifications and changes should they be necessary. E.&O.E.
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