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Unlocking the Future: Laneway Homes Coming to Burnaby – Let Us Build Yours!

by Bevony on 24 July 2023 Comments Off on Unlocking the Future: Laneway Homes Coming to Burnaby – Let Us Build Yours!

Welcome to the scenic and vibrant city of Burnaby, British Columbia, Canada! Nestled amidst the majestic mountains and sparkling waters of the Pacific, Burnaby is a city that offers a perfect blend of urban amenities and natural beauty. As the demand for sustainable and innovative housing solutions continues to rise, we, at Silver Beam Homes, are proud to be staying a breast of changes in homes, how they are built and what we offer to the public. Today we want to look at Laneway homes, which will be legal in Burnaby soon.

Embracing Laneway Living

As space becomes more precious in urban areas, laneway houses have emerged as a popular and practical solution. These charming dwellings, also known as coach houses or backyard suites, are built on existing residential properties, often occupying the space that was once reserved for garages or carports. By maximizing underutilized land, laneway houses provide homeowners with an excellent opportunity to enhance their property value while contributing to the sustainable growth of the city.

How To Build a Laneway Home in the City of Burnaby

Currently not permitted in Burnaby, Laneway homes are on the verge of becoming a reality. This, as the City takes significant strides towards introducing this innovative housing concept to benefit the entire community. The journey towards embracing laneway housing began in 2019. That is when the Mayor’s Task Force on Community Housing recommended the City to devise a plan for introducing new housing forms. The recommendations include family-oriented options across various neighborhoods.

In a major step forward, in December 2021, the City adopted HOME: Burnaby’s Housing and Homelessness Strategy. This groundbreaking strategy outlines the City’s commitment to develop an infill housing program. The aim is to cater to the demand for the “missing middle” housing types, which includes laneway homes, suites in duplexes, rowhouses, and triplexes.

Taking a phased approach to the implementation, the City has prioritized permitting laneway homes as the first step. This move aims to pave the way for other innovative housing forms. It will also foster a sense of inclusivity and expanding housing options in Burnaby.

Build with Silver Beam Homes

As we eagerly await the final green light for laneway homes in Burnaby, it is evident that the City’s vision is firmly fixed on creating a community that thrives on diversity, sustainability, and adaptability. The potential benefits of laneway housing are undeniable. These range from increased housing density to more affordable living spaces, while preserving the unique charm of Burnaby’s neighborhoods.

We, at Silver Beam Homes, are excitedly preparing to be at the forefront of this transformative journey. As the City works towards introducing laneway housing, we are committed to providing expert craftsmanship. Along with innovative designs to create stunning, sustainable, and accessible laneway homes for the future residents of Burnaby.

Stay tuned for more updates as Burnaby’s housing landscape evolves. We proudly are a part of this exciting new chapter in community housing. Together, we can build a better, more vibrant, and inclusive Burnaby for generations to come.

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BevonyUnlocking the Future: Laneway Homes Coming to Burnaby – Let Us Build Yours!

Metro Vancouver Prices Continue to Wow

by Bevony on 8 March 2022 Comments Off on Metro Vancouver Prices Continue to Wow

Just two weeks into March, and the local housing market is showing us that it hasn’t gotten wild just yet. A new report published by Dexter Realty indicates March could yield the highest prices we have ever seen in the Metro Vancouver housing market. 

There was a significant increase in listings in February 2022, as well as there was a significant increase in home sales. We can expect March to be a “barn-burner”, the representative from Dexter Realty said. 

When we look back at March of 2021, we also saw a high number of new listings. March 2021 was also the month we saw the highest sales. There was an all time high of 45,000 sales in that month alone. 

Low Housing Supply

We are still seeing low supply of housing, as a matter of fact, some areas have extremely low supply. But we have seen some increases in new listings recently on the metro Vancouver market. Some markets, however, only have one month supply of homes. Markets with just a month of homes for sale include;

  • Port Coquitlam
  • Port Moody 
  • Tsawwassen
  • New Westminster
  • Pitt Meadows
  • Maple Ridge
  • North Vancouver

Without a sudden increase in the available supply, the spring buying season will only continue to see higher prices. With low supply, you will also see multiple offers, which will just drive the prices up even more. The demand is still high, but the supply is just not scratching the surface when it comes to meeting the need.  

Condo, Townhouse, Detached Home Sales

In metro Vancouver, February sales were dominated by condo apartment sales. This is due to the greater supply of these types of properties, with lower prices than the other property types available. Added to that was a high demand from investors. 

Vacancy rates are now back to record lows. Investors are aware of this and aware of the need for rental housing. Governments in all cities have been able to supply this need adequately for a while now. But there is a predicted shortage looming over our heads currently. Added to that, the current benchmark prices are currently 15.9% higher than they were just a year ago. 

The prices for detached homes dropped in February when compared to February of 2021. Factors causing the price drop include buyer resistance due to lack of choice, and benchmark prices at a record high of $2,044,800. 

There are also not enough townhomes available for sale. As of February 2022, only 90 new townhouses were started in the Metro Vancouver area. 

What Are Your Options?

It is a seller’s market, and there is no doubt about it. If you are a potential homeowner, be prepared for high prices and competition from other buyers. If you are looking for a detached home, your other option is to build your own home. Build with us, let us show you how!

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BevonyMetro Vancouver Prices Continue to Wow

How SilverBeam Homes can help you in selling your existing home

by Bevony on 29 July 2020 Comments Off on How SilverBeam Homes can help you in selling your existing home

A lot has changed since the start of this pandemic. People have lost jobs, or are now working fewer hours. While many economies are reopening, there looms the need for further lockdowns. It is obvious that this pandemic is not going anywhere soon, and we now have to adapt our life as we know it to meet these needs. 

While everybody’s situation is different, housing needs are changing for one reason or another. Some persons are finding their family counts reduced as they lose loved ones to the virus while others are seeing an increase as cohabitating becomes are a more affordable and feasible option. Whether you need to go up in the house or go down in the house we can help you. 

How Can SilverBeam Homes Provide You with a Housing Solution?

Sell your old/current home to us and let us help you to construct a new home based on your specific needs. Here, at SilverBeam Homes, we are home builders, but in this crisis, we want to meet you more than halfway. We want to help you with everything from selling your current home. That way you can focus more on the things that need your attention, and we will get the work done for you. 

What You Need to Know Before Buying or Selling a Home 

Buying/Selling a home

Buying/Selling a home was always a huge undertaking. Imagine now doing both in a pandemic! Now more than ever, you have to make sure that you make a very wise choice. Are you currently at that place (between a rock and a hard place) considering the sale of your home and moving your family into a different home?

If your needs have changed, then you have a good enough reason to sell and repurchase or have us build you a new home. The advantage of building a new home is that you now will have the opportunity to have just what you and your family needs. 

Why You May Need to Sell your Home

  1. Your current location has become unsuitable. If your job situation has changed and you now need to travel further for work, it may make sense to move. With many people having lost their jobs in the pandemic, we are now having to really become more flexible and that may mean taking a job that is further away. If you are the sole breadwinner, moving closer to cut commute time could help you better manage your finances. 
  1. Your household as shrunk or grown. Your current house may become too expensive to maintain in the event of a loss. Or maybe your extended family will now need to come live with you or vice versa. Either way, if your space needs have changed, then you will benefit from purchasing a new home. 
  2. Leave sad memories behind. If you lost a family member during the pandemic, even if your space needs haven’t changed, you may want to leave the bad memories behind. If you are financially able to make the move, then selling your current home and moving into a new one may not be a bad idea. 

Real Estate and “Subject To” Clauses 

“Subject To” clauses in contract negotiation are your safety hatch. They allow you a means of escaping a contract in the event that anything goes wrong. You can find a list of clauses from The Real Estate Council of British Columbia’s website. The most common clauses you may come across are;

  1. Subject to Financing 

This type of clause limits your ability to negotiate. The buyer cannot remove this clause at the offer/counteroffer phase. It means the buyer needs a mortgage, so they are making the offer with the hope that they will receive the necessary financing to be able to purchase your home. 

  1. Subject to Inspection 

This clause can be easily negotiated since an inspection takes on average three days to arrange. If you want to get your house sold faster you can ensure that the inspection is completed a lot quicker so the buyer knows exactly what they are getting into. You can even have the inspection done and report ready if a buyer requests it. 

  1. Subject to Sale 

This clause gives your buyers a particular amount of time in which they need to sell their current home. Chances are your buyer can’t afford to be paying for two different homes. So you want to include some time in the clause for them to get their home sold, so they can purchase yours. This is usually a period of 4 to 6 weeks. 

What We Offer 

If you opt to complete your sale and repurchase with SilverBeam homes we can help provide a hassle-free process flow. With us, you don’t have to worry about listing with a realtor. We will offer a cash payment for your house and ensure a speedy closing process. If the funds from your home cannot cover the cost of your new home we can help you by putting you in touch with finance professionals to get the additional funds. 

Contacts us today to recreate your reality and have a home that allows for the execution of our new normal. 

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BevonyHow SilverBeam Homes can help you in selling your existing home

Finding the Right Greater Vancouver Neighborhood

by Bevony on 19 June 2019 Comments Off on Finding the Right Greater Vancouver Neighborhood

Homebuyers are now looking beyond the value of the housing structure itself and looking into the quality of life as they consider which neighborhood they want to call their home.

Greater Vancouver has the highest prices in real estate when it comes to Canada. As such homebuyers are looking or more than the value that is within their house. A good neighborhood can be just the edge needed when sellers are looking to attract potential buyers. So what are the features that can cause a neighborhood to stand out more than any other for potential homeowners?

What HomeBuyers Want

According to a report from RE/MAX in 2019 Canadians rank easy access to dining, shopping and green spaces at the top of their criteria for what makes a neighborhood more livable. Other important factors are proximity to preferred schools, work, public transit, community centers, and cultural centers. The report shows that Canadians spend in excess of two-thirds of their time within their very own neighborhood. This rate is a lot higher for baby boomers who want to stay in their neighborhood and have direct access to all or most of their needs there.

Kerrisdale, West End, and Main are the top three neighborhoods as ranked by RE/MAX in Vancouver when it comes to access to parks, green spaces, retail and restaurants, ease of getting around, walkability and access to public transit.

When it comes down to affordability and a good available housing inventory the neighborhoods mentioned include Renfrew-Collingwood, Downtown-Vancouver and Mount Pleasant. As a matter of fact, if you are considering the Renfrew-Collingwood area, we’re here at SilverBeam Homes have houses for you.

It is important to note that these livability factors are often the ones that cannot be changed whereas price and value can change over time either up or down. The livability factors are what makes a home a great place to live.

Top 10 Vancouver Neighborhoods

A fourth-quarter analysis of Greater Vancouver in 2018 showed the top 10 neighborhoods of the time were:

  • Marpole
  • Vancouver West
  • Saunders
  • Lackner in Richmond
  • West Cambie
  • Steveston North
  • Hastings East
  • Collingwood
  • Queensborough
  • Fort Langley

Queensborough has been rated the best neighborhoods for condo and townhouses on a list with other neighborhoods such as Renfrew, South Cambie, Saunders, Pemberton, and Central.

What are your must-haves for a neighborhood before choosing to purchase a home there? Let us help you find the right home, in the right neighborhood. Contact us today and let us start working towards getting you the keys to your dream home.

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BevonyFinding the Right Greater Vancouver Neighborhood

Why You Should Buy New!!

by Bevony on 22 May 2019 Comments Off on Why You Should Buy New!!

With housing prices falling, purchasing a brand new home is a great investment or those who can afford it. A more buyer favorable housing market means more ROI for you which is always a good thing when purchasing anything and especially housing.

But there are a number of hidden costs involved when purchasing a property – you say.

You may find that more affordable homes can be the older ones, with an older structure there is a high chance that this home will need you to get some amount of work done to get the home up to code. At this point, you may see how something that seems like a great deal can turn out to actually not be. You don’t want to purchase a home that ends up being a money pit and that is reason # 1 to Purchase a Brand New Home – you will get Value for Money. What are things to look out for when looking for your new home?

Location

With new construction, this typically means you are getting a brand new home in an up and coming area. This can mean a lot of benefits which include;

  • Good school districts
  • Low crime rates
  • Great roads
  • Nice parks
  • Nice sidewalks

New Appliances and Warranties

When purchasing a new home, we here at SilverBeam Homes provide a warranty on the property. We do this because we are certain of the quality of our homes and all the materials, techniques and technology that we use to build you a strong, safe home for you and your family. Also, any appliances included with your purchase have never been used and so you don’t have to worry about them conking out within the first month. And that gives you reason # 2 to buy a new home – Peace of Mind.

A Custom Built Home

Here at SilverBeam Homes, we offer you the option to create a customized home that will intimately and precisely meet the needs of you and your family. This is not something you can get when you purchase an older home. And that is reason # 3 supporting why you should purchase a brand new home – The Ability to Customize the Home. You can choose your location, choose your floorplan and choose your amenities.

Immediate Inventory

When it comes to purchasing a home, it is not always smooth sailing. Statistics show that 1 in 5 homes get canceled at closing. So new homes will often offer you a better price and less stress as closing can be done as soon as the next day. You see in these instances, the builders are motivated to sell. We may even have a discount we can offer if you are willing to close earlier. 

Choose the Seller’s Mortgage Company

Going with the mortgage company that your seller works with can help to streamline the entire process. This makes the builder more comfortable as well as it helps the entire process to go through faster and smoother. You may even get some sort of discount or additional offer that make the deal even a little bit sweeter. Opt to ask for other partner companies that the builder works with. These may be companies you need for other things related to purchasing your new home and getting settled in there.

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BevonyWhy You Should Buy New!!

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