Port Moody Real Estate News

Here is a new listing on the Port Moody real estate market and this one is sure to be snapped up quickly: 104 100 CAPILANO Road Port Moody V3H 5M9.

This two bedroom, two bathroom (plus den) condo is a beautiful example of the type of Port Moody real estate available today. The building was constructed in 2005 and still has a new feel about it. The condo boasts high quality modern finishing. 

This huge unit is 884 square feet and has bright open concept living space and 9 feet high ceilings. The gourmet kitchen features stainless steel appliances, combined with granite countertops, breakfast bar and cabinet storage space. 

There is also a great 950 square feet outdoor garden patio--perfect for those long summer days. The building is very central, you can walk to Newport Village, the recreation centre, schools and Rocky Point trails. 

The property comes with two secure underground parking stalls. The building has amazing amenities which include: two guest suites, an amenity room with a kitchen, television, pool table and a well-equipped fitness centre. This condo has to be seen to be believed.

Contact me for full details or to arrange a showing:

GREG AXFORD

PRUDENTIAL STERLING REALTY

Tel: (778) 829-3224

The commute between Port Moody and downtown Vancouver is about to get a whole lot easier in the next few years with the completion of the Evergreen Line. That is the name of the new rapid transit line (Skytrain) that will connect Coquitlam to Vancouver via Port Moody and Burnaby. The Evergreen Line is an essential element of the Provincial Transit Plan and the Federal Building Canada Plan.

The new system will connect to the current SkyTrain network at Lougheed Town Centre Station and will integrate with regional bus and West Coast Express networks. The expected travel time between Coquitlam City Centre through Port Moody to Lougheed Town Centre will be approximately 13 minutes. 

Construction of the Evergreen Line is anticipated to begin in early this year and be completed in 4 years. The new Port Moody Skytrain station will be located at the Port Moody transit exchange site. 

So what does this mean for Port Moody real estate? Well, it's normally the case that improvements in infrastructure lead to an increase in both commercial and residential property prices in an area. With the commute time between Port Moody and Vancouver taking a shorter time with the new Skytrain system, we can expect more and more people taking an interest in the area.

You can find out more information at the official Evergreen Line website.

According to BC Assessment 2011 property values have risen in the Tri-Cities in 2010. Tri-Cities real estate were officially assessed as having $45.78 billion in value for 2011. BC Assessment assesses property's market value as of July 1, 2010.

The most expensive Tri-Cities properties are in Coquitlam, but Port Moody is not far behind. Two ares of Port Moody - Heritage Woods and the city's north shore had the highest value.

There is still plenty of value in Port Moody real estate, the cheapest properties in Port Moody, according to BC Assessment, were strata low-rise, two-bedroom condos built in 2005.

2011 marks the first time in B.C. history that the value of all real estate on the assessment roll has surpassed $1-trillion. Port Moody properties were valued at $7.35 billion!

You can check out more facts and figures on the BC Assessment website.