Duplex zoned RT11, 33x122 lot with a nicely appointed 1912 vintage home in a quiet Victoria East neighborhood. Conveniently located close to Victoria Ave & Kingsway shopping area. Can easily be suited to add revenue.
Competition continues to drive Metro Vancouver’s housing market
Metro Vancouver* home buyers spent the summer months searching for their next home. Between June and August, home sales were between 25 and 30 per cent above the ten-year sales average.
“There was no summer lull in our market this year. Home buyers have been working with their REALTORS® throughout the summer months,” Darcy McLeod, REBGV president said. “They’re motivated, but they...
Duplex zoned RT11, 33x122 lot with a nicely appointed 1912 vintage home in a quiet Victoria East neighborhood. Conveniently located close to Victoria Ave & Kingsway shopping area. Can easily be suited to add revenue. Open Saturday, & Sunday, July 11th & 12th, 2-4pm.
Open House on Thursday, July 9, 2015 10:00 am - 12:00 pm
Duplex zoned RT11, 33x122 lot with a nicely appointed 1912 vintage home in a quiet Victoria East neighborhood. Conveniently located close to Victoria Ave & Kingsway shopping area. Can easily be suited to add revenue. Open Saturday, & Sunday, July 11th & 12th, 2-4pm.
The RUTHERFORD - ONE BEDROOM & DEN - WEST facing suite in CENTRAL LONSDALE. You'll feel at home the moment you walk in. This beautiful unit offers an open concept kitchen with bar area, living & dining area anchored by the gas F/P. Nicesized bdrm. Gorgeous NEW: laminate floors, washer, sink & faucet. Bright den-perfect for an office/sun room. Good sized laundry w/storage space plus additional storage down....
STUNNING panoramic city & OCEAN VIEW! This designer FULLY RENOVATED 2 level townhouse has it all. 2 bedrooms & 2.5 bath- 1436 SF of modern chic & soft colors. The main level offers an OPEN spacious living area with a LARGE SOUTH facing deck(23x14'10) OPEN CONCEPT to the dining area, new transformed OPEN kitchen. Powder room up. Downstairs takes in the view from each bedroom, another deck runs the width...
LOCATION is EXCEPTIONAL! Beautifully renovated bright 5bdrm/3bath home situated at the end of your own cul-de-sac on a flat level lot. Private gated sun drenched courtyard & garden. This popular family friendly neighborhood boasts some ofEdgemont's finest & most expensive homes. On a quiet street. This home is ideal for a family or downsizing with an income producing suite. Secluded covered veranda for bbq'ing...
Central Lonsdale easy living, one block from Lonsdale. This top floor, corner South facing condo gets lots of light & a bit of a view of the city. It has 2 generously sized bedrooms, one full bath & a half off the master. The living, dining& kitchen are all very open & gathering ready. Laminate flooring is in the entrance, neutral fresh paint has been applied & the kitchen & baths have had some...
The RUTHERFORD - ONE BEDROOM & DEN - WEST facing suite in CENTRAL LONSDALE. You'll feel at home the moment you walk in. This beautiful unit offers an open concept kitchen with bar area, living & dining area anchored by the gas F/P. Nicesized bdrm. Gorgeous NEW: laminate floors, washer, sink & faucet. Bright den-perfect for an office/sun room. Good sized laundry w/storage space plus additional storage...
Village Del Ponte is a 7.5 acre park like complex. This 2 level 2 bedroom END unit townhome is a 3 min drive or short walk to Lougheed Mall, SFU-14 mins drive & Skytrain easy 8 min walk away. Offers newer S/S kitchen appls, hot water tank,nice laminate flooring on the main & newer carpet upstairs. Plenty of insuite storage, flex room could be used as an office. Two large sundecks (1 covered/1 open) running...
Central Lonsdale easy living, one block from Lonsdale. This top floor, corner South facing condo gets lots of light & a bit of a view of the city. It has 2 generously sized bedrooms, one full bath & a half off the master. The living, dining& kitchen are all very open & gathering ready. Laminate flooring is in the entrance, neutral fresh paint has been applied & the kitchen & baths have had...
Metro Vancouver home sales above average in October VANCOUVER, B.C. – November 4, 2014 – Home sales in the Metro Vancouver* housing market continue to outpace long-term averages for this time of year.
Last month’s sales were 16.6 per cent above the 10-year sales average for October. “We’ve seen strong and consistent demand from home buyers in Metro Vancouver throughout this year. This has led to steady increases in home prices of...
“The volume of home sales has been higher than we’ve seen in the last three years, yet below the record-breaking levels of the past decade.” Last month’s sales were 4.3 per cent above the 10-year sales average for August of 2,658. “Broadly speaking, home prices in the region are continuing to experience modest, incremental gains,”
Bring your electric car & move into this rainscreened building in beautiful Kitsilano. This one bedroom & den has an island kitchen with gas stove & new fridge. A private and well maintained building is pet friendly but sorry, no rentals.This is a extensively landscaped property with an abundance of tree lined walkways and tranquil spaces. The condo is well laid out, with a glass walled den and over height ceilings....
Open House on Saturday, July 5, 2014 2:00 pm - 4:00 pm
Tastefully renovated townhome in Sequioa Place, a well maintained building with a proactive strata council. Highlights of the renovation include a new kitchen with Eco Silestone countertops & stainless appliances, slate entryway & crownmouldings throughout. The living room features a River Rock fireplace. Other unique features include an amazing private garden...
Recently renovated townhome in Sequioa Place, a well maintained building with a proactive strata council. Highlights of the renovation include a new kitchen with Echo Silestone countertops & stainless appliances, slate entryway & crownmouldings throughout. The living room features a River Rock fireplace. Other unique features include an amazing private garden yard area, with a glass & steel awning for those rainy...
Open House on Saturday, June 28, 2014 2:00 pm - 4:00 pm
Recently renovated townhome in Sequioa Place, a well maintained building with a proactive strata council. Highlights of the renovation include a new kitchen with Echo Silestone countertops & stainless appliances, slate entryway & crownmouldings throughout. The living room features a River Rock fireplace. Other unique features include an amazing private garden...
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!
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
