Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 829 17TH Street E in North Vancouver on Apr 2, 2025. See details here
PRIME flat 9164 ft. private lot in sought after Boulevard area. Not to be missed!! Laneway access. Well taken care of yard. Roof 10 yrs old. Renovate this 3 bdrm UP and 1 bdrm DOWN with suite potential and large workshop OR plan to build your dream home. Call today for an appointment.
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 1101 130 2ND Street E in North Vancouver on Apr 2, 2025. See details here
Inspiring 180 degree harbour and city views are noted the minute you enter this well maintained, and upgraded home in the highly thought of "Olympic" Building. Stainless and granite in the kitchen, teak hardwoods below you, and crownmouldings above. Floor to ceiling windows and a well thought out floor plan with the bedrooms separate, and each with its own bathroom. Enjoy the fitness room, or reflect...
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 2849 18TH Avenue W in Vancouver on Apr 2, 2025. See details here
A tastefully remodelled, renovated and exceptionally well cared for 5 bedroom 4 bathroom Arbutus Home! Features include stainless appliances, gas range, hardwood floors and crown mouldings. This charmer has a low maintenance front yard,a private back yard, with a considerable sized sundeck for entertaining and two upper floor balconies with views to the North Shore Mountains. Great space! -- A fully finished,...
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 3123 BROADWAY Avenue W in Vancouver on Apr 2, 2025. See details here
RARE...PRIME Kitsilano location... Historical landmark Hollywood Theatre, family owned and operated for 75 years is now for sale! The opportunity is NOW to refurbish this once-in-a-lifetime HISTORICAL LANDMARK. The current C-2C zoning offers excellent development opportunity. For more info go to listing realtors websites. Call for an appointment today!
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 303 ST ANDREWS Avenue in North Vancouver on Apr 14, 2011. See details here
Welcome to St Andrew Mews. Enjoy your morning coffee and picturesque Vancouver Harbour & city views from your large private, South facing, roof top deck. Over 1,800 sq ft of living space on five levels. Three bdrms and den, plus a largerec/playroom that could be used as a fourth bedroom. This Townhome is conveniently located close to schools, public transportation, Lonsdale shopping, and the Seabus...
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 206 3187 MOUNTAIN Highway in North Vancouver on Apr 2, 2025. See details here
Lynn Terrace II is an excellent 44 unit complex built by Bosa Development Corp. Great central location very close to the new Lynn Valley Center including library, coffee houses, shopping & transit. Only one owner of this 2 bedroom homefeaturing 1060 sq ft, gas fireplace, insuite laundry & newer appliances. Large storage room (also a storage locker downstairs) in original but move-in ready condition...
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 602 540 LONSDALE Avenue in North Vancouver on Apr 2, 2025. See details here
Come for the exceptional Ocean, Mountain & City view & stay for the premium upgrades & the Lower Lonsdale lifestyle. This elegant two bedroom two bathroom 907 sq ft suite has been extensively upgraded to the premium standards of today'supscale urban dwellers. Features include stainless appliances, granite countertops, platinum beach hardwood floors, tiled wrap around deck, custom millwork furniture...
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 7545 GRAND Street in Mission on Apr 2, 2025. See details here
A must see charming early century heritage style character home, on a large 11,000 sqft duplex zoned corner lot. Features include, hardwood floors, french doors, wood features and custom built-in shelving, overheight ceilings and beautifulviews of the valley. The house style has a gabled roof with the dominant front gable capped by a hip, suggesting Continental precedents, a style sometimes referred to as Germanic...
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 209 5600 ANDREWS Road in Richmond on Apr 2, 2025. See details here
Fabulous 2-Bedroom/2-Bathroom Condo at 'THE LAGOONS'. Bright south-facing unit overlooking the water feature/gardens and river beyond with a large covered BBQ-friendly deck. Designer colours and finishings throughout. Features cherry-woodcabinets, gas fireplace, new carpeting, tile flooring, halogen lighting, full master ensuite with oversize shower, separate laundry/storage room off kitchen and security system,...
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 20 1900 INDIAN RIVER Crescent in North Vancouver on Apr 2, 2025. See details here
'Tiffany Pines' long considered one of North Vancouver's most sought-after gated communities. This 'A' Plan offers plenty of glass to create a bright and inviting interior even on the dullest of days. The main floor featuressoaring vaulted ceilings in the living room and dining room, a large kitchen, eating area, family room, 2 fireplaces, sundeck and office/den. Upstairs features your sanctuary:...
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 2255 BADGER Road in North Vancouver on Sep 3, 2010. See details here
A rare view offering on Badger Road in the picturesque village of Deep Cove, a place that few have had a chance to enjoy home ownership. This handsome two storey home features stellar Ocean, Mountain and Cove views.including a huge deck off the dining & living rooms, and a deck off of the master Bedroom. It has numerous upgrades throughout, including granite counter tops, stainless appliances, cork flooring,...
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 103 2181 10TH Avenue W in Vancouver on Apr 2, 2025. See details here
This charming ground floor one bedroom and den suite shines like new with a fabulous open floor plan and ideal Kits location. . "The Tenth Ave" is a solid well maintained building with a proactive strata council, and the suite has atownhome feel with it's own entrance. Suite highlights include granite counters, stainless steel appliances, gas stove, maple hardwood floors, fireplace and in-suite laundry....
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 603 1500 OSTLER Court in North Vancouver on Apr 2, 2025. See details here
Enjoy forested views and the West Coast lifestyle from your 600 Sq Ft sun deck. The higher end fit and finish of the Mountain Terrace residences exemplify that lifestyle with a luxury feel.Unit #603 features 1,535 sq. ft. of luxury living on one floor. 2 bdrms, 2 full baths, bright and spacious throughout, with many upgrades. Soak in your own Jacuzzi, or visit the amenities areas for a workout, or ...
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 4662 CAPILANO Road in North Vancouver on Apr 2, 2025. See details here
Craftsman style townhome,set well back from Cap. road. Hardy plank & shingle exterior w/ quality finishings inside such as hardwood, slate, 9' ceilings on main, stainless & granite with cherry Shaker-style cabinetry in kitchen. Oversizeddoors & casement windows, 2 gas FP, generous MB w/vaulted ceiling, heated bathroom floor and walk-in custom closet.Open kitchen/eating/family room area with gas range,...
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 14 1923 PURCELL Way in North Vancouver on Apr 2, 2025. See details here
It's a delight to show this spacious & recently renovated 2 bdrm plus den/office. Features include new kitchen cabinets, granite counter tops, new bathroom, newer carpets, resurfaced ceilings, and a clever storage office conversion.Original hardwood in the dining room, new paint and crown moulding throughout, also insuite laundry. The building has a newer roof & broiler, has just been repainted, and has...
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at # LT4 FENWICK RD in No City Value on Apr 2, 2025. See details here
Build your dream home on this 18,000+ SF .4 acre ocean view lot in the heart of Cowichan Bay. This prime lot is front & ctr overlooking the ocean, marinas, shops & rests. of Cowichan Bay. The lot can be sold with the adjacent .75 of an acre ppty to the east. The 2 lots total 1.1 acres, enabling up to 15,300 sf of bldg structure that can be built, with the current R-3B zoning. Enjoy your view of Cowichan Bay,...
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 512 345 LONSDALE Avenue in North Vancouver on Apr 2, 2025. See details here
Welcome to "The Met" [Metropolitan], a building well known for its quality of construction. This super clean, well maintained 1 bdrm unit is located on the quiet NW corner of the building and has lots of windows to let in the morning light. Its features include a gas fireplace, granite countertops, stainless Whirlpool appliances, a private balcony, and a very functional floor plan with no wasted space....
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 403 1477 FOUNTAIN Way in Vancouver on Jun 26, 2007. See details here
This is a City of Vancouver leasehold unit. A sunny open floor plan 2 bdrm home across the path from Granville Island, featuring H/W floors, skylights & a sun d renched deck accessible from both bdrms & the living room. This partially updated unit overlooks a treed courtyard area, literally paces to Granville Island, the 200 sf sun-deck comes complete w/a corner garden area & sliding glass doors to let the...
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 104 1516 CHARLES Street in Vancouver on Sep 16, 2006. See details here
Immaculate, fully renovated large one bedroom in solid, dry building just steps from the heart of Commercial Drive. Owner has spent $40,000+ on upgrades which i nclude hardwood floors, sinks, countertops, JenAir slide in range, bottomfreezer fridge, crown molding, extensive lighting, wired for surround sound & the list goes on. Huge south facing 600+ sq ft peaceful garden patio perfect for your morning...
Posted on
April 3, 2025
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 106 1950 CEDAR VILLAGE Crescent in North Vancouver on May 3, 2020. See details here
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 bedroom flex/utility rooms down. Living room onto an extra large semi private patio. A well run complex, quiet but located close to Karen Magnussen Rec Centre, Lynn Valley mall, the Library, many parks and great schools. Family orientated...
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Ambleside, West Vancouver Real Estate
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Blueridge NV, North Vancouver
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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! |