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bccondos.net. You have requested to Contact one of our very skilled local realtors but have informed us you are currently working with a Realtor. Unfortunately since you have an agency relationship with that realtor, we
cannot interfere. If you choose to work with our area specialist instead, please click "NO" and continue with the request form.
Change answer to "No" I am not working with a realtor
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Receive more information about Malloway Village
Yes
No
Thank you for visiting
bccondos.net. You have requested to Contact one of our very skilled local realtors but have informed us you are currently working with a Realtor. Unfortunately since you have an agency relationship with that realtor, we
cannot interfere. If you choose to work with our area specialist instead, please click “NO” and continue with the request form. Change answer to "No" I am not working with a realtor
Leave my answer as "Yes" I am working with a realtor
MLS® Disclaimer for BC: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Building Info
Malloway Village - 6211 Chilliwack River Road, Chilliwack, BC V2R 6A7, Canada. Completed in 2021.
Malloway Villagean, an exclusive new collection of rancher style homes in a beautiful adult-living lifestyle gated community in Chilliwack, British Columbia. Conveniently located to all that Sardis has to offer; shopping, physicians, dining, walking trails and entertainment. Our homes are West Coast inspired, they range from 1210 to 1900 square feet and are designed for your retiree lifestyle, featuring spacious great rooms that connect to open designer kitchens, spa like master bedrooms and covered outdoor living areas with plenty of storage space.
We invite each buyer for a Malloway Village home to take advantage of the many custom upgrades that are available. Our active adult retirees share in our vision of environmental stewardship and are proud to showcase smarter, healthier homes, that are both good for the planet and for ones health.
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.
INTERIOR • Dramatic 12’ vaulted ceilings in great room area (except Dogwood) • 9’ ceilings throughout the remainder of home • Open floor plans with spacious den and flex space • Extensive use of quality laminate flooring • Attractive easy care vinyl flooring in bathrooms and laundry room • Quality carpet in bedrooms • Quality finish interior door hardware • Cozy custom fireplace • Quality plumbing fixtures throughout • Spacious master walk-in closet • Contemporary towel bars • Ensuite with shower and ceramic wall tile • Main bath with soaker tub and shower with ceramic wall tile • Appliance allowance of $2,500 • Water line to fridge • Pot lights throughout home • Contemporary swing doors throughout • Laundry counter above side by side washer/dryer in laundry room
EXTERIOR • Duroid roof shingles with 30 year warranty • Large covered patios in front and back with fully fenced backyards • Durable vinyl siding • Underground sprinkler system in front yards and boulevards • Double car garage and driveway
GOURMET KITCHEN • Custom solid maple shaker style cabinets with large crown molding • Glass tile backsplash insert and hand set subway tile backsplash • Convenient island or breakfast bar • Double undermount stainless steel sink with upgraded faucet • Soft close drawers throughout
ADDITIONAL COMFORT FEATURES • Roughed in vacuum system • Prewired for security system • Remote control garage door opener • Hardwired smoke and carbon monoxide detectors • Use of Malloway Clubhouse • State of the art geothermal air conditioning and heating system • Roughed in for electric car plug-ins
EASE OF LIVING • All interior thresholds are wheelchair accessible • Control valves are installed on all shower faucets • Reinforced for grab bars in tub and showers • Comfort height toilet • Wide hallways • Wheelchair or walker accessible doorways • Electrical plug-ins raised • Light switches lower • Electrical socket behind toilet for power lift if required • Shower controls in en suite bathrooms offset • Cabinets and counters may be lowered for ease of living
UPGRADES OFFERED • In addition to our standard home features, all properties can be upgraded to include the following:
- Laminate in place of carpet in bedroom - Quartz countertops - Soft Close kitchen cupboards - Ceiling fan in master bedroom - Grab bar in shower - Hinged glass shower door - Crown molding in bedroom - Crown molding in main area - Lazy susan - Bank of drawers instead of cupboards - Roll out shelf - Garburator
Restrictions
Restrictions updated:
January 2011
Construction Information
Year Built
2021
Construction
Frame - Wood
Strata Information
Strata Plan #
Units in Development: 109
Units in Strata: 109
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