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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 Story
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 Story
I have listed a new 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....
Read Full Story
Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Saturday, September 9, 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 Story
Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Sunday, September 10, 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 Story
I have listed a new property at 1207 1515 EASTERN AVE in North Vancouver.
Wake up to a view of Grouse Mountain with vistas North and East. This approx.1700 SF partially renovated two level penthouse is located in the heart of central Lonsdale. Spacious living on the main floor features an open floor plan with enormous dining & living areas, built in bar, half bath and large office, which could be converted to a bedroom. The second floor is the private area of the penthouse with 2...
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Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Saturday, July 8, 2017 2:00PM - 4:00PM
Another "Laura Lynn" gem in this amazing one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights to add even more light. This well laid out unit has been upgraded at various times throughout the last 15 years. Three bedrooms three bathrooms, a large sundeck for entertaining, and a spa like en-suite round out the features. Tennis...
Read Full Story
Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Sunday, July 9, 2017 2:00PM - 4:00PM
Another "Laura Lynn" gem in this amazing one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights to add even more light. This well laid out unit has been upgraded at various times throughout the last 15 years. Three bedrooms three bathrooms, a large sundeck for entertaining, and a spa like en-suite round out the features. Tennis...
Read Full Story
I have sold a property at 3812 RICHMOND ST in Port Coquitlam.
Great Lincoln Park family starter home! Upgraded with new open concept kitchen, dining & living room in 2009, complete with stainless steel appliances. New vinyl windows in 2006, roof in 2007. Fantastic 240 SF sundeck to relax and kick back, or entertain. Close to shopping, Carnoustie Golf Course, baseball diamonds, Pitt River Yacht Club, Hyde Creek Rec Centre, transit & more. Bonus wood shed, workshop, and greenhouse.
Read Full Story
Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Saturday, June 24, 2017 2:00PM - 4:00PM
Another "Laura Lynn" gem in this amazing one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights to add even more light. This well laid out unit has been upgraded at various times throughout the last 15 years. Three bedrooms three bathrooms, a large sundeck for entertaining, and a spa like en-suite round out the features. Tennis...
Read Full Story
Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Sunday, June 25, 2017 2:00PM - 4:00PM
Another "Laura Lynn" gem in this amazing one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights to add even more light. This well laid out unit has been upgraded at various times throughout the last 15 years. Three bedrooms three bathrooms, a large sundeck for entertaining, and a spa like en-suite round out the features. Tennis...
Read Full Story
Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Sunday, June 18, 2017 1:30PM - 3:00PM
Another "Laura Lynn" gem in this amazing one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights to add even more light. This well laid out unit has been upgraded at various times throughout the last 15 years. Three bedrooms three bathrooms, a large sundeck for entertaining, and a spa like en-suite round out the features. Tennis...
Read Full Story
I have listed a new property at 836 HENDECOURT RD in North Vancouver.
Another "Laura Lynn" gem in this amazing one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights to add even more light. This well laid out unit has been upgraded at various times throughout the last 15 years. Three bedrooms three bathrooms, a large sundeck for entertaining, and a spa like en-suite round out the features. Tennis courts swimming pool and log party lodge round out...
Read Full Story
Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Wednesday, June 14, 2017 10:00AM - 12:00PM
Another "Laura Lynn" gem in this amazing one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights to add even more light. This well laid out unit has been upgraded at various times throughout the last 15 years. Three bedrooms three bathrooms, a large sundeck for entertaining, and a spa like en-suite round out the features....
Read Full Story
Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Saturday, June 17, 2017 2:00PM - 4:00PM
Another "Laura Lynn" gem in this amazing one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights to add even more light. This well laid out unit has been upgraded at various times throughout the last 15 years. Three bedrooms three bathrooms, a large sundeck for entertaining, and a spa like en-suite round out the features. Tennis...
Read Full Story
Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Sunday, June 18, 2017 2:00PM - 4:00PM
Another "Laura Lynn" gem in this amazing one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights to add even more light. This well laid out unit has been upgraded at various times throughout the last 15 years. Three bedrooms three bathrooms, a large sundeck for entertaining, and a spa like en-suite round out the features. Tennis...
Read Full Story
Please visit our Open House at 3812 RICHMOND ST in Port Coquitlam.
Open House on Sunday, June 11, 2017 2:00PM - 4:00PM
Great Lincoln Park family starter home! Upgraded with new open concept kitchen, dining & living room in 2009. New vinyl windows in 2006, roof in 2007. Fantastic 240 SF sundeck to relax and kick back, or entertain. Close to shopping, Carnoustie Golf Course, baseball diamonds, Pitt River Yacht Club, Hyde Creek Rec Centre, transit & more. Bonus wood shed, workshop, and...
Read Full Story
I have listed a new property at 3812 RICHMOND ST in Port Coquitlam.
Great Lincoln Park family starter home! Upgraded with new open concept kitchen, dining & living room in 2009. New vinyl windows in 2006, roof in 2007. Fantastic 240 SF sundeck to relax and kick back, or entertain. Close to shopping, Carnoustie Golf Course, baseball diamonds, Pitt River Yacht Club, Hyde Creek Rec Centre, transit & more. Bonus wood shed, workshop, and greenhouse. Open houses Saturday, June 10th, Sunday,...
Read Full Story
Please visit our Open House at 3812 RICHMOND ST in Port Coquitlam.
Open House on Saturday, June 10, 2017 2:00PM - 4:00PM
Great Lincoln Park family starter home! Upgraded with new open concept kitchen, dining & living room in 2009. New vinyl windows in 2006, roof in 2007. Fantastic 240 SF sundeck to relax and kick back, or entertain. Close to shopping, Carnoustie Golf Course, baseball diamonds, Pitt River Yacht Club, Hyde Creek Rec Centre, transit & more. Bonus wood shed, workshop,...
Read Full Story
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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!