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Building & Condo information

Redwood

6929 142nd Street


Surrey, V3W 5N1 F37 - East Newton

Official Website: axisrealestate.ca
  • Suites: 24
  • Status: Completed
  • Built: 2014
  • Title To Land: Freehold Strata
  • Building Type: Strata
  • Management company:  Premier Strata Services
  • Phone  604-371-2208  
  • E-mail  info@prstrata.com  
  • Bldg#: 10452

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Building Info

Redwood Townhomes at 6929 142nd Street, Surrey, BC V3W, Canada, 3 levels, 24 units in the development, built in 2014. Maintenance fees include garbage pickup, management, recreation facility and snow removal. Crossroads are 142th Street and 69th Avenue. An exclusive enclave of Parkside townhomes in Surrey's established Hazlenut Meadows neighbourhood. Family friendly community ideally situated beside Hazelnut Meadows Park. Close to stores and shopping malls. A perfect townhouse for your daily activities and healthy lifestyle. Amenities include kids playground and the fireside lounge complete with a kitchen and barbeque patio for entertaining friends and relatives..

Official Website: axisrealestate.ca
Phone: 778.574.2869
Email: info@axisrealestate.ca
Sales Address: 16738 57A Avenue Surrey, BC V3S 1H8
Strata Sub Categories: Strata
 

Redwood Technical Info

Building Name Redwood
Address 6929 142nd Street
City Surrey
Neighborhood East Newton
Listing Price Range N/A
Units in Development: 24
Units in Strata:24
Property Types Freehold Strata
Sub Categories:Strata
Year Built 2014
Architect Name Chandler Associates
Architect Phone (604) 687-3390
Designer Calvert Design Studio
Official Website axisrealestate.ca
Strata Website www.premierstrataservices.com/
Management Premier Strata Services
  604-371-2208
 info@prstrata.com
Restrictions Details
Title to Land Freehold Strata
  

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April 2024 Market Insights REBGV

March 2024 Market Insights

January 2024 Market Insights

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December Market Insights

Housing market resilient in 2023, ends year in balanced territory

Real Estate Related News Articles(Sun and Province) Search News  

Mandarin 
# Article Publish Date Source
1 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 Parq Cascino in Yaletown is allowed to have 600 slot machines and 75 table games
2024/05/10 The Vancouver Sun
2 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.


Consumer Health: Debt Service Ratios And Net Worth
2024/05/09 Canadian Real Estate Wealth
3 Canada’s New Housing Plan

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.



Canada’s New Housing Plan: Linking Rental Payment History and Credit Scores
2024/05/08 Canadian Real Estate Wealth
4 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.


Federal Budget 2024: What are the proposed capital gains tax changes and how m
2024/05/08 other
5 Land near SkyTrain hubs is 'ideal' for increasing housing supply and a mix of housing types

The provincial government is unmoved by a petition by homeowners in Burnaby’s Brentwood Park for an exemption from new legislation that could see up to 12-storey apartments built in their neighbourhood.

The “Save Brentwood Park” coalition successfully petitioned city council last week with 298 names to lobby the province to make an exception for their neighbourhood of single-family homes which sits within the 800-metre transit-oriented development area for Brentwood Town Centre SkyTrain station.

The provincial legislation will require cities to allow buildings with minimum heights of eight to 20 storeys within certain distances around “transit-oriented areas” (TOAs) like SkyTrain stations.


B.C. rejects Burnaby petition for exemption to new transit-oriented development rules
2024/05/06 Western Investor
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