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Garth Raven Your Real Estate Navigator

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I have sold a property at 90 1950 CEDAR VILLAGE CRES in North Vancouver.
Great opportunity for first home families, 3 bedroom 2 full bath home in Mountain Estates where units do not often come available. Large family/rec room, and two flex/utility rooms down. Living room onto a private patio, with a Natural Gas connection for your BBQ. A well run complex, quiet located close to Karen Magnussen Rec Centre, Lynn Valley mall, the Library, many parks and great schools. Family orientated...
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I have sold a property at 804 151 2ND ST W in North Vancouver.
Welcome to Sky high living. Bright, spacious & well laid out 1 bedroom & den condo in the solidly built concrete sky building. one of the Most Desirable in Lower Lonsdale, with a party room & ample visitor parking, two stalls have been approved for EV charging stations. Featuring floor to ceiling windows, hardwood floors, granite counters, high end appliances, covered balcony & large den. Pets & rentals welcome. One u...
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I have listed a new property at 90 1950 CEDAR VILLAGE CRES in North Vancouver.
Great opportunity for first home families, 3 bedroom 2 full bath home in Mountain Estates where units do not often come available. Large family/rec room, and two flex/utility rooms down. Living room onto a private patio, with a Natural Gas connection for your BBQ. A well run complex, quiet located close to Karen Magnussen Rec Centre, Lynn Valley mall, the Library, many parks and great schools. Family orientated...
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Please visit our Open House at 90 1950 CEDAR VILLAGE CRES in North Vancouver.
Open House on Saturday, May 12, 2018 2:00PM - 4:00PM
Great opportunity for first home families, 3 bedroom 2 full bath home in Mountain Estates where units do not often come available. Large family/rec room, and two flex/utility rooms down. Living room onto a private patio, with a Natural Gas connection for your BBQ. A well run complex, quiet located close to Karen Magnussen Rec Centre, Lynn Valley mall,...
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Please visit our Open House at 90 1950 CEDAR VILLAGE CRES in North Vancouver.
Open House on Sunday, May 13, 2018 2:00PM - 4:00PM
Great opportunity for first home families, 3 bedroom 2 full bath home in Mountain Estates where units do not often come available. Large family/rec room, and two flex/utility rooms down. Living room onto a private patio, with a Natural Gas connection for your BBQ. A well run complex, quiet located close to Karen Magnussen Rec Centre, Lynn Valley mall, the...
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Please visit our Open House at 804 151 2ND ST W in North Vancouver.
Open House on Saturday, May 5, 2018 2:00PM - 4:00PM
Welcome to Sky high living. Bright, spacious & well laid out 1 bedroom & den condo in the solidly built concrete sky building. one of the Most Desirable in Lower Lonsdale, with a party room & ample visitor parking, two stalls have been approved for EV charging stations. Featuring floor to ceiling windows, hardwood floors, granite counters, high end appliances, covered...
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Please visit our Open House at 804 151 2ND ST W in North Vancouver.
Open House on Sunday, May 6, 2018 2:00PM - 4:00PM
Welcome to Sky high living. Bright, spacious & well laid out 1 bedroom & den condo in the solidly built concrete sky building. one of the Most Desirable in Lower Lonsdale, with a party room & ample visitor parking, two stalls have been approved for EV charging stations. Featuring floor to ceiling windows, hardwood floors, granite counters, high end appliances, covered...
Read full post

I have listed a new property at 804 151 2ND ST W in North Vancouver.
Welcome to Sky high living. Bright, spacious & well laid out 1 bedroom & den condo in the solidly built concrete sky building. one of the most desirable in Lower Lonsdale, with a party room & ample visitor parking. Featuring floor to ceiling windows, hardwood floors, granite counters, high end appliances, covered balcony & large den. Pets & rentals welcome. One underground parking spot & storage locker included....
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Please visit our Open House at 804 151 2ND ST W in North Vancouver.
Open House on Wednesday, April 25, 2018 10:00AM - 12:00PM
Welcome to Sky high living. Bright, spacious & well laid out 1 bedroom & den condo in the solidly built concrete sky building. one of the most desirable in Lower Lonsdale, with a party room & ample visitor parking. Featuring floor to ceiling windows, hardwood floors, granite counters, high end appliances, covered balcony & large den. Pets & rentals welcome....
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Please visit our Open House at 804 151 2ND ST W in North Vancouver.
Open House on Saturday, April 28, 2018 2:00PM - 4:00PM
Welcome to Sky high living. Bright, spacious & well laid out 1 bedroom & den condo in the solidly built concrete sky building. one of the most desirable in Lower Lonsdale, with a party room & ample visitor parking. Featuring floor to ceiling windows, hardwood floors, granite counters, high end appliances, covered balcony & large den. Pets & rentals welcome. One...
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Please visit our Open House at 804 151 2ND ST W in North Vancouver.
Open House on Sunday, April 29, 2018 2:00PM - 4:00PM
Welcome to Sky high living. Bright, spacious & well laid out 1 bedroom & den condo in the solidly built concrete sky building. one of the most desirable in Lower Lonsdale, with a party room & ample visitor parking. Featuring floor to ceiling windows, hardwood floors, granite counters, high end appliances, covered balcony & large den. Pets & rentals welcome. One...
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I have sold a property at 603 408 LONSDALE AVE in North Vancouver.
Fantastic unobstructed views to the Southwest of City & Harbour in this 2 bedroom, 2 bathroom condo that was beautifully updated in 2012. Cozy gas fireplace for the winter months and large deck gives you great outdoor space to enjoy the view in the spring and summer! Pets welcome (1 dog or cat), underground parking and storage make this a superb Lower Lonsdale offering. Call now to view!
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I have sold a property at 405 549 COLUMBIA ST in New Westminster.
TRUE LOFT LIVING in the DOWNTOWN CORE of Uber cool New West! This is the only true loft Conversion outside of Vancouver. This architectural Beauty has over 100K in upgrades in the last year - AMAZING. This bright West facing loft has stunning River views (See photos). Cook in your gourmet kitchen with huge island and appliances you want to talk about over a glass of wine. Entertain? The eating area has a built in nook...
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I have sold a property at 3223 NORWOOD AVE in North Vancouver.
Water views! 5BR/4BA family home in Upper Lonsdale. This contemporary home has 4 BR up and all the modern touches! The elegant living/dining are perfect for entertaining feat. traditional warmth with a stone fireplace and hardwood floors. The open kitchen has granite countertops and stainless steel appliances including a chef-style gas range. Second fireplace in the family room - great for family movie nights and leads...
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I have sold a property at 1154 24TH ST W in North Vancouver.
This spacious family home is situated on a large lot in the ever popular Pemberton Heights. Stately mature trees in the front, provide privacy from the street yet there is lots of natural light in the home. There is hardwood under the carpets, a wood burning fireplace and lovely solarium off the kitchen. Love to enjoy a sauna? You've got that here. Value is mostly in the lot, however it is a liveable home that needs some...
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I have sold a property at 412 809 FOURTH AVE in New Westminster.
Brand new 1 bedroom condo in New Westminster with panoramic view of the Fraser River and a 82 sqft balcony facing southeast. This unit features laminate flooring, quartz countertops, 2 tone cabinets with undercount led lighting and custom panelled appliances. Walking distance to skytrain, schools, Walmart and Royal City Centre mall. No GST and quick possession possible. Hurry this won't last. Call now for your private...
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I have listed a new property at 1104 ADDERLEY ST in North Vancouver.
This unique and spacious home is for those who want character, views, privacy & flexible space. Extensive renovations & a legal suite were added in 2006, all with permits. Double pane windows & roof were also added in 2006. The welcoming LR has fresh paint, a wood burning fireplace & beautiful HW oak floors. The kitchen/dining areas have just been painted & have french doors accessing the S. facing...
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I have sold a property at 836 HENDECOURT RD in North Vancouver.
"Laura Lynn" homes rarely come on the market in this one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights in the covered deck portion and master bath. This well laid out unit has been altered to give it a single family feel. Three bedrooms three bathrooms, an office and a large sundeck for entertaining. A spa-like ensuite. Tennis courts swimming pool and log party meeting lodge....
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Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Saturday, October 21, 2017 2:00PM - 4:00PM
"Laura Lynn" homes rarely come on the market in this one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights in the covered deck portion and master bath. This well laid out unit has been altered to give it a single family feel. Three bedrooms three bathrooms, an office and a large sundeck for entertaining. A spa-like ensuite....
Read full post

Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Sunday, September 17, 2017 2:00PM - 4:00PM
"Laura Lynn" homes rarely come on the market in this one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights in the covered deck portion and master bath. This well laid out unit has been altered to give it a single family feel. Three bedrooms three bathrooms, an office and a large sundeck for entertaining. A spa-like ensuite....
Read full post
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Market update!!

 

As most of you have heard, sales in the Vancouver real estate market have been down this year, the numbers vary from area to area. The strata market has been soft, while single family homes and building lots have been significantly better, again depending on the area.

The media types have been talking about a so called bubble, and a correction in the real estate market, as if there will be some dramatic shift in prices one day. I believe this is a misnomer. To the contrary, we’ve seen small corrections happening every day over the last few months to compensate for the smaller number of sales, as opposed to a sudden price drop. So in effect, the correction has already and is already happening on a daily basis. This doesn’t mean that it could not correct more, or less as time goes on. Some buyers believe that because of the slow market, they should automatically submit low ball offers assuming that home sellers should be desperately trying to sell and escape the market before this correction, however again this is wrong thinking, as there is a good chance that new home sellers entering the market have priced their home correctly, given the current circumstances.

 

 I believe that because the interest rates have been so low for so long now, a lot of the new home buyers that could buy, did buy in the last couple of years, leaving a lack of new home buyers to drive the entry level market. There are however still a small number of new home buyers entering the market all of the time, and of course folks upsizing and downsizing, to continually add some buoyancy to our market.

     

Despite the market sales being lower this year, I’ve been very fortunate, so thank you friends, family, and valued clients!!   

 

 

All the Best!

 

Garth   

 
Who's Doing  High Fives Now?    SEPTEMBER/OCTOBER, 2007
 

If you think lenders make too much money, you are not alone........ However, it's very likely that you, the borrower, are an eager participant in all those profits. Billions of dollars are literally given away to the banks each year because of consumer  pathy. Lenders know this and in fact they "bank" on it. What do we mean?
Well, a recent survey conducted by Canada Mortgage and Housing Corporation reveals that despite all the new mortgage products on the market, people looking to renew their mortgage will more often than not, revert back to their current lender. In fact, according to the report, 81% of them did. Does this make sense when the competition could be offering lower interest rates and better terms? It doesn't. There is some good news though. This same survey indicates that consumers are shopping around slightly more than they were in the past. People that were renewing their mortgage were faithful to their financial institution to the tune of 88% in 2000. By 2006 this dropped 7 percentage points.
This decline in lender loyalty was also very evident in repeat home buyers and people that refinanced their mortgage because of wanting extra cash to make home  enovations or consolidate debt. In 2006 only 65% of these consumers went back to their current provider – well down from what it was in previous years. The only category that remained relatively stable was first-time home buyers.

57% of these buyers financed through their banking institution in 2000 and this remained almost constant - 58% in 2006. It would appear that first-time buyers are savvy and cautious when it comes to mortgage debt. Initially, they do their

research diligently when it comes to comparing lenders and what they can offer. However, these very same buyers that were so careful at the start, oon join the ranks of those that are "too busy" at mortgage renewal time to check out and compare lenders. Most people know that banking is a business. However, not all acknowledge that bank

employees are paid to look after the bank's best interests – not yours. In fact these employees have quotas to fill – big quotas! It is amazing that people will go to seminars sponsored by Lenders and expect to be told how to negotiate the best mortgage deal for themselves.  Puh-leeze! That's like inviting a fox to the chicken coop to tell the chickens how to avoid getting eaten by him. It makes no sense whatsoever, yet that is exactly what people do. Even more remarkable is the fact that these potential customers believe they are getting sound and unbiased information and actually act on the

advice given by the fox. This can be a very costly mistake. 

 
However, let us explore mortgage renewal in greater detail.
 
Mortgage funding is extremely competitive. Lenders spend an enormous amount of money just to get mortgage business in the first place and they certainly don't want to lose customers now or at any time in the future.
If homeowners would just take a few hours and shop around for several proposals from different lending institutions when their mortgage term is up, they might be pleasantly surprised about their findings. The chances are that they would quite possibly receive an offer from another Lender that is better in both interest rates and/or terms provided.
Lenders may even pay for all the set-up, transfer and legal fees when the mortgage business is transferred to them. Once a homeowner has different options in hand, the power to choose becomes theirs. They can accept this new favorable proposal or have their current lender match or better it. Odds are, your lender isn't going to be
willing to give up your business without a fight.
How much actual cash could be saved by keeping Lenders honest? Well, let's figure it out. A $300,000 mortgage calculated at 6% over a 25 year amortization period works out to monthly payments of $1,919.42. Conversely, at 5.5% and using the same criteria, the payments are $1,831.18. The difference is $88.24 per month. Now multiply that by 60 (five years of monthly payments) and you will see that by negotiating a better rate, rather than blindly accepting the first offer, you have saved $5,294.40. Really, with a little investigative effort, you could have put a stash of cash in your jeans or made a handsome contribution towards paying off your mortgage. Instead of the Lenders' CEO's counting profits and doing high fives around the boardroom table because of consumer apathy, you could be going on vacation. You may be trained to be loyal but hopefully, not tamed! Next time . . . shop around!