Posted on
May 25, 2023
by
Garth P Raven (Prudential Sussex Realty)
I have listed a new property at 115 735 15TH ST W in North Vancouver. See details here
Live in the heart of the city while on the edge of tranquil Mosquito Creek & green trees! Excellent design & zero waste of condo SF built 2012 w/ Canada’s highest level “GREEN” certification. Features open concept gourmet kitchen & chic bathroom w/ auto light sensor. Private entrance and 200 SF patio brings more serenity for your lifestyle. High urban living meets the active outdoors right out your doorstep: ski...
Posted on
April 20, 2023
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 602 170 1ST ST W in North Vancouver. See details here
Lifestyle is key here at One Park Lane, a Premier 2005 Georgie Award winner for Best Bldg in BC. A bright two bed, two full bath updated home with South Easterly views over the park, and down to the water from the balcony. Stainless and granite is standard here, crown mouldings, 9 ft ceilings, engineered flooring, gas fireplace, new dishwasher and a gas cooktop, also a double size storage locker. The bldg has numerous...
Posted on
April 11, 2023
by
Garth P Raven (Prudential Sussex Realty)
Please visit our Open House at 602 170 1ST ST W in North Vancouver. See details here
Open House on Tuesday, April 11, 2023 10:30AM - 12:00PM
Lifestyle is key here at One Park Lane, a Premier 2005 Georgie Award winner for Best Bldg in BC. A bright two bed, two full bath updated home with South Easterly views over the park, and down to the water from the balcony. Stainless and granite is standard here, crown mouldings, 9 ft ceilings, engineered flooring, gas fireplace, new dishwasher and a gas cooktop,...
Posted on
April 6, 2023
by
Garth P Raven (Prudential Sussex Realty)
Please visit our Open House at 602 170 1ST ST W in North Vancouver. See details here
Open House on Saturday, April 8, 2023 2:00PM - 4:00PM
Lifestyle is key here at One Park Lane, a Premier 2005 Georgie Award winner for Best Bldg in BC. A bright two Bed, two full bath updated home with South Easterly views over the park, and down to the water from the balcony. Stainless and granite is standard here, crown mouldings, 9 ft ceilings, engineered flooring, gas fireplace, new dishwasher and a gas cooktop,...
Posted on
April 6, 2023
by
Garth P Raven (Prudential Sussex Realty)
Please visit our Open House at 602 170 1ST ST W in North Vancouver. See details here
Open House on Sunday, April 9, 2023 2:00PM - 4:00PM
Lifestyle is key here at One Park Lane, a Premier 2005 Georgie Award winner for Best Bldg in BC. A bright two Bed, two full bath updated home with South Easterly views over the park, and down to the water from the balcony. Stainless and granite is standard here, crown mouldings, 9 ft ceilings, engineered flooring, gas fireplace, new dishwasher and a gas cooktop,...
Posted on
April 5, 2023
by
Garth P Raven (Prudential Sussex Realty)
I have listed a new property at 602 170 1ST ST W in North Vancouver. See details here
Lifestyle is key here at One Park Lane, a Premier 2005 Georgie Award winner for Best Bldg in BC. A bright two Bed, two full bath updated home with South Easterly views over the park, and down to the water from the balcony. Stainless and granite is standard here, crown mouldings, 9 ft ceilings, engineered flooring, gas fireplace, new dishwasher and a gas cooktop, also a double size storage locker. The bldg has numerous...
Posted on
March 8, 2023
by
Garth P Raven (Prudential Sussex Realty)
Please visit our Open House at 7883 115 ST in Delta. See details here
Open House on Saturday, March 11, 2023 2:00PM - 4:00PM
Quality finishings throughout this well cared for centrally located Scottsdale family home with 5 bedrooms, 4 bathrooms, and 2 cozy fireplaces. High trayed ceilings walnut cabinets, granite counter tops and crown mouldings throughout, also bonus attic storage off of the master. Double garage with a shop flex space leading into the house. Your backyard & gazebo oasis awaits you...
Posted on
March 8, 2023
by
Garth P Raven (Prudential Sussex Realty)
Please visit our Open House at 7883 115 ST in Delta. See details here
Open House on Sunday, March 12, 2023 2:00PM - 4:00PM
Quality finishings throughout this well cared for centrally located Scottsdale family home with 5 bedrooms, 4 bathrooms, and 2 cozy fireplaces. High trayed ceilings walnut cabinets, granite counter tops and crown mouldings throughout, also bonus attic storage off of the master. Double garage with a shop flex space leading into the house. Your backyard & gazebo oasis awaits you...
Posted on
March 2, 2023
by
Garth P Raven (Prudential Sussex Realty)
I have listed a new property at 7883 115 ST in Delta. See details here
Quality finishings throughout this well cared for centrally located Scottsdale family home with 5 bedrooms, 4 bathrooms, and 2 cozy fireplaces. High trayed ceilings walnut cabinets, granite counter tops and crown mouldings throughout, also bonus attic storage off of the master. Double garage with a shop flex space leading into the house. Your backyard & gazebo oasis awaits you for morning coffee, and after dinner gatherings. Family...
Posted on
July 16, 2022
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 101 270 1ST ST W in North Vancouver.
Renovated Lower Lonsdale gem with an absolutely stunning large patio, which has been recently redone along with other building upgrades. The suite features new bathroom and kitchen sinks, countertops, faucets and flooring. New lighting, new appliances, paint, upgraded electrical, extra closet/nook space and more. Parking and storage are included. Building upgrades: Elevator, balconies and patios, sliding doors, hot water...
Posted on
July 1, 2022
by
Garth P Raven (Prudential Sussex Realty)
Please visit our Open House at 101 270 1ST ST W in North Vancouver.
Open House on Saturday, July 2, 2022 2:00PM - 4:00PM
Renovated Lower Lonsdale gem with an absolutely stunning large patio, which has been recently redone along with other building upgrades. The suite features new bathroom and kitchen sinks, countertops, faucets and flooring. New lighting, new appliances, paint, upgraded electrical, extra closet/nook space and more. Parking and storage are included. Building upgrades:...
Posted on
July 1, 2022
by
Garth P Raven (Prudential Sussex Realty)
Please visit our Open House at 101 270 1ST ST W in North Vancouver.
Open House on Sunday, July 3, 2022 2:00PM - 4:00PM
Renovated Lower Lonsdale gem with an absolutely stunning large patio, which has been recently redone along with other building upgrades. The suite features new bathroom and kitchen sinks, countertops, faucets and flooring. New lighting, new appliances, paint, upgraded electrical, extra closet/nook space and more. Parking and storage are included. Building upgrades:...
Posted on
June 24, 2022
by
Garth P Raven (Prudential Sussex Realty)
Please visit our Open House at 101 270 1ST ST W in North Vancouver.
Open House on Saturday, June 25, 2022 2:00PM - 4:00PM
Renovated Lower Lonsdale gem with an absolutely stunning large patio, which has been recently redone along with other building upgrades. The suite features new bathroom and kitchen sinks, countertops, faucets and flooring. New lighting, new appliances, paint, upgraded electrical, extra closet/nook space and more. Parking and storage are included. Building upgrades:...
Posted on
June 24, 2022
by
Garth P Raven (Prudential Sussex Realty)
Please visit our Open House at 101 270 1ST ST W in North Vancouver.
Open House on Sunday, June 26, 2022 2:00PM - 4:00PM
Renovated Lower Lonsdale gem with an absolutely stunning large patio, which has been recently redone along with other building upgrades. The suite features new bathroom and kitchen sinks, countertops, faucets and flooring. New lighting, new appliances, paint, upgraded electrical, extra closet/nook space and more. Parking and storage are included. Building upgrades:...
Posted on
June 14, 2022
by
Garth P Raven (Prudential Sussex Realty)
Please visit our Open House at 101 270 1ST ST W in North Vancouver.
Open House on Sunday, June 19, 2022 2:00PM - 4:00PM
Renovated Lower Lonsdale gem with an absolutely stunning large patio, which has been recently redone along with other building upgrades. The suite features new bathroom and kitchen sinks, countertops, faucets and flooring. New lighting, new appliances, paint, upgraded electrical, extra closet/nook space and more. Parking and storage are included. Building upgrades:...
Posted on
June 13, 2022
by
Garth P Raven (Prudential Sussex Realty)
Please visit our Open House at 101 270 1ST ST W in North Vancouver.
Open House on Saturday, June 18, 2022 2:00PM - 4:00PM
Renovated Lower Lonsdale gem with an absolutely stunning large Patio, which has been recently redone along with other building upgrades. The suite features new bathroom and kitchen sinks, countertops, faucets and flooring. New lighting, new appliances, paint, upgraded electrical, extra closet/nook space and more. Parking and storage are included. Building upgrades:...
Posted on
June 11, 2022
by
Garth P Raven (Prudential Sussex Realty)
I have listed a new property at 101 270 1ST ST W in North Vancouver.
Renovated Lower Lonsdale gem with an absolutely stunning large Patio, which has been recently redone along with other building upgrades. The suite features new bathroom sink, countertop, faucet and flooring, new kitchen countertops, new lighting, paint and more. Parking and storage are included. Building upgrades: Elevator, balconies and patios, windows and sliding doors, hot water tank, boiler and parking membrane....
Posted on
April 15, 2022
by
Garth P Raven (Prudential Sussex Realty)
I have sold a property at 212 1990 KENT AVENUE SOUTH E in Vancouver.
Waterfront gem with river views! Updated in 2015 with hardwood and slate floors, recently added: new double stove, dishwasher, and new clothes washer/dryer. This bright and airy open concept 2 bedroom 2 full bath suite at Harbour House/Tug Boat landing is a must see. Spacious master bedroom huge walk in closet, large in-suite storage, newer gas fireplace and stainless appliances. Harbour house has an amazing clubhouse...
Posted on
March 24, 2022
by
Garth P Raven (Prudential Sussex Realty)
I have listed a new property at 212 1990 KENT AVENUE SOUTH E in Vancouver.
Waterfront gem with river views! Updated in 2015 with hardwood and slate floors, recently added: new double stove, dishwasher, and new clothes washer/dryer. This bright and airy open concept 2 bedroom 2 full bath suite at Harbour House/Tug Boat landing is a must see. Spacious master bedroom huge walk in closet, large in-suite storage, newer gas fireplace and stainless appliances. Harbour house has an amazing...
Posted on
March 24, 2022
by
Garth P Raven (Prudential Sussex Realty)
Please visit our Open House at 212 1990 KENT AVENUE SOUTH E in Vancouver.
Open House on Saturday, March 26, 2022 1:00PM - 4:00PM
Waterfront gem with river views! Updated in 2015 with hardwood and slate floors, recently added: new double stove, dishwasher, and new clothes washer/dryer. This bright and airy open concept 2 bedroom 2 full bath suite at Harbour House/Tug Boat landing is a must see. Spacious master bedroom huge walk in closet, large in-suite storage, newer gas fireplace...
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Ambleside, West Vancouver Real Estate
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Arbutus, Vancouver West Real Estate
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Blueridge NV, North Vancouver
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Brackendale, Squamish Real Estate
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British Properties, West Vancouver Real Estate
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Calverhall, North Vancouver Real Estate
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Canyon Heights NV, North Vancouver
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Central Abbotsford, Abbotsford Real Estate
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Central Lonsdale, 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! |
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.