New Grandview Central Shaping Up Nicely

  • grandview centra superstoreGrandview Centra Superstore

New Grandview Central Shaping up Nicely

http://vantagerealestate.ca/docs/images/grandview-central-superstore.jpg

 

In September of 2016 we saw the much needed addition of a Superstore to the Grandview/Morgan Crossing Area. If you walk into the Superstore today there are no line ups because they still share the business with Walmart and Thrifty's across the street which are much quicker to get in and out of too now. Big shops like Superstore have large overheads and setup cost to get started and they don't make the decision to open a new location lightly which begs the question Why would they open a store to be only half full? 

The simple answer is because of the anticipated growth to the area which ties into the White Rock/South Surrey real estate market. Superstore set up with the expectation that over the next two years they will see enough of an increase in residents in the area to justify their big expense. As of today's date there are 600 townhouses under construction, which have all sold out, that are walking distance to Grandview Central including Kitchner, Greenway and The Morgan to name a few. That's 600 new families moving in over the next year. On top of that there are acres being rezoned to single family homes to the south of Superstore which will introduce another 200 homes for sale in the short term on top of the ones already under construction like Westside at Orchard. All of that might not sound like a lot of new homes but when you consider in 2016 there was a total of 698 sales between houses and townhouses in the Grandview area it puts in perspective the growth we will see. Most new townhouses that get built in the area will be under $750,000 which will qualify for the new 5% government grant further driving demand up.

I don't expect a boom like we saw in the spring of 2016 in White Rock but be ready for 5-10% increase in real estate prices from now until June 2017.

Author:

Date Published:

Vantage Real Estate

Vantage Real Estate

http://vantagerealestate.ca/docs/images/Vantage-Logo.jpg

http://vantagerealestate.ca/docs/images/Vantage-Logo.jpg

Website:

Phone: (604) 345-3339

  • $625,000 - Townhouse 39 3039 156 street, Surrey

    MLS® R2225779
    Beautiful 3 Bedroom 3 Bathroom Townhome at NICHE. Huge picture window overlooking protected woodland. [...]
    Listed by: Coldwell Banker Marquise Realty
  • $550,000 - Townhouse 57 2955 156 street, Surrey

    MLS® R2221189
    Sought after Arista: This spacious 2 bedroom 2 bath townhome features soaring 10 foot ceilings, large [...]
    Listed by: Coldwell Banker Marquise Realty
  • $1,588,000 - House/Single Family 1970 158a street, Surrey

    MLS® R2217811
    Exquisite custom 2 story home in South Surrey. Master bedroom on the main level with ensuite bathroom [...]
    Listed by: Coldwell Banker Marquise Realty
        

Vantage Real Estate Group
604-704-7820






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.

copyright © 2017 vantagerealestate.ca All rights reserved.
Powered by Digit Art Designs Ltd