LYN HART : Associate Broker | Real Estate Sales : Archived blog posts for : September 2009

New property listed in Hastings East, Vancouver East

Posted on September 25, 2009 by Lyn Hart

Posted in Hastings East, Vancouver East Real Estate

Property Photo: 110 KOOTENAY ST in Vancouver

I have listed a new property at 110 KOOTENAY ST in Vancouver.

Vancouver Heights 1922 charmer oozing with character throughout, perched high on a corner lot with lovely NW views. 3 bedrooms, easily 4, featuring original fir floors, new main kitchen with granite counters & breakfast nook, new main bathroom with soaker tub & heated floors, all new electrical & plumbing, HE gas furnace, air filtration system, double glazed windows. Unfinished garden level basement with separate entrance, good height & fantastic suite potential. SNEAK PEAK Fri Oct 2nd, 6-7 pm. OPEN HOUSE Sat & Sun Oct 3rd & 4th, 2-4 pm.

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Average House Prices in Canada

Posted on September 16, 2009 by Lyn Hart

Posted in 2009 Real Estate Market, canadian real estate market, housing costs, real estate market, Vancouver real estate market

Here´s some interesting figures from the Canadian Real Estate Association on housing prices in Canada and in major cities across the country.

Average House Prices by Province	Jul 2009	Jul 2008	Jul 2007
National	$326,832	$302,298	$311,495
Yukon	$225,769	$228,033	$252,262
Northwest Territories	$329,503	$272,779	$372,127
British Columbia	$463,972	$444,589	$446,481
Alberta	$344,024	$352,421	$371,817
Saskatchewan	$233,655	$237,604	$182,920
Manitoba	$200,111	$190,354	$167,774
Ontario	$319,282	$298,630	$291,807
Quebec	$229,846	$214,070	$209,682
New Brunswick	$152,086	$141,255	$135,631
Prince Edward Island	$150,715	$145,852	$136,469
Nova Scotia	$203,107	$192,160	$183,018
Newfoundland	$205,423	$181,269	$152,718

Average House Prices by City	Jul 2009	Jul 2008	Jul 2007
Yellowknife	$329,503	$272,779	$372,127
Vancouver	$584,105	$575,256	$581,108
Victoria	$475,490	$487,864	$574,753
Edmonton	$324,744	$335,100	$353,919
Calgary	$381,740	$402,788	$436,739
Saskatoon	$283,619	$292,428	$245,152
Regina	$240,235	$246,463	$176,537
Toronto	$395,414	$371,410	$366,012
Hamilton-Burlington	$296,591	$281,580	$268,561
Ottawa-Carleton	$300,635	$295,134	$269,793
Quebec City	$213,932	n/a	$171,824
Montreal	$280,890	n/a	$233,424
Fredericton	$153,864	$147,091	$133,081
Saint John	$156,010	$154,274	$136,995
Halifax-Dartmouth	$243,524	$236,514	$219,032
Winnipeg	$206,135	n/a	n/a

Courtesy of The Canadian Real Estate Association (CREA).

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Mortgage Rate Update - Sept. 15, 2009

Posted on September 16, 2009 by Lyn Hart

Posted in 2009 Real Estate Market, First-time buyers, mortgage rates, Vancouver Real Estate blog, Vancouver real estate market

Mortgages On Sale

Lenders are eager to lend money these days amid the busy Real Estate market and the speculation of economic recovery. Competition is fierce and we are seeing a decrease in the spreads that lenders charge,

There is no immediate threat of rates rising and floating is still a great way to go. The Bank of Canada remains committed to another 9 months at this rate. The longer term rates have hit a low, risen a bit and now coming back down.

Bank Prime Rate 2.25%

Term	Best	Bank Posted
1 year	2.55%	3.75%
3 year	3.49%	4.65%
5 year	3.69%*	5.85%
10 year	5.45%	7.15%
25 year	9.25%	9.75%

*Strings attached to this rate!

Bold numbers denote change from last posted rates.

Variable mortgage from Prime +.20...TODAY at 2.45%!

Courtesy of

Laura Stein - The Mortgage Centre
Telephone: 604-657-6535 ext 222
www.mortgagecents.ca

Call Laura today and tell her Lyn sent you!

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New property listed in Mount Pleasant VE, Vancouver East

Posted on September 10, 2009 by Lyn Hart

Posted in Mount Pleasant VE, Vancouver East Real Estate

I have listed a new property at # 305 550 E 7TH AV in Vancouver.

See details here

Spacious top floor 2 bedroom just waiting for your decorating ideas! Solid Mt. Pleasant building near vibrant Main Street, new community centre, park. Mountain views, wood burning fireplace, skylight, laundry on every floor. Pro-active strata keeps this building in great shape. Recent new roof, balconies, boiler & landscaping. 2 small pets permitted. Rentals at max. Showings by appointment only please.

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Mortgage Rate Update - Sept. 9, 2009

Posted on September 9, 2009 by Lyn Hart

Posted in 2009 Real Estate Market, buying, mortgage rates, real estate market, Vancouver real estate market

Rates Edging Down...Still.

Both short term and long term rates are still edging down. The Bank of Canada will meet on Thursday and do nothing to change the short term rates. Keep floating!

Bank Prime Rate 2.25%

Term	Best	Bank Posted
1 year	2.55%	3.75%
3 year	3.49%	4.65%
5 year	3.99%	5.85%
10 year	5.45%	7.15%
25 year	9.25%	9.75%

Bold numbers denote change from last posted rates.

Variable mortgage from Prime +.20...TODAY at 2.45%!

Courtesy of

Laura Stein - The Mortgage Centre
Telephone: 604-657-6535 ext 222
www.mortgagecents.ca

Call Laura today and tell her Lyn sent you!

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Open House. OPEN HOUSE: Sun. Sept. 13th 2-4 pm

Posted on September 9, 2009 by Lyn Hart

Posted in Downtown VW, Vancouver West

Property Photo: # 701 488 HELMCKEN ST in Vancouver

Please visit our Open House at # 701 488 HELMCKEN ST in Vancouver.

See details here

OPEN HOUSE: Sun. Sept. 13th 2-4 pm

Yaletown living at its finest in this affordable, well run building at the corner of Richards. Bright unit with open floor plan, hardwood floors & marble tile. Large den can be spacious office or second bedroom? Comes with parking, storage,and visitor parking too. Steps to restaurants, shops, parks, seawall, and new Canada Line skytrain station. Weekday showings after 3 pm preferred. Open House Sunday, August 30th, 2-4pm.

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Mortgage Rate Update - Sept. 2, 2009

Posted on September 3, 2009 by Lyn Hart

Posted in 2009 Real Estate Market, mortgage rates, Vancouver real estate market

Rates Edging Down

Both the long term rates, based on the market, and the short term rates, based on the smaller spreads that lenders are charging, are edging downwards. The bond markets are pulling back from their enthusiasm of the last few weeks and bonds are down both here and in the USA. Floating mortgages continue to be a great option!

Bank Prime Rate 2.25%

Term	Best	Bank Posted
1 year	2.55%	3.75%
3 year	3.49%	4.65%
5 year	4.09%	5.85%
10 year	5.45%	7.15%
25 year	9.25%	9.75%

Bold numbers denote change from last posted rates.

Variable mortgage from Prime +.30...TODAY at 2.55%!

Courtesy of

Laura Stein - The Mortgage Centre
Telephone: 604-657-6535 ext 222
www.mortgagecents.ca

Call Laura today and tell her Lyn sent you!

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August 2009 Stats

Posted on September 3, 2009 by Lyn Hart

Market Momentum Carries into August

Courtesy of Real Estate Board of Greater Vancouver (REBGV).

The number of home sales in Greater Vancouver increased significantly last month compared to August 2008 and moved closer in line with the active summer months experienced between 2003 and 2007.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver increased 119.5 per cent in August 2009 to 3,441 from the 1,568 sales recorded in August 2008 and increased 1.7 per cent compared to August 2007.

New listings for detached, attached and apartment properties increased 4.9 per cent to 4,544 in August 2009 compared to August 2008 when 4,331 new units were listed. Total active listings in Greater Vancouver currently sit at 11,937, down 33 per cent from August 2008.

“The return of confidence to our market has brought a high volume of home sales over the last few months and has also made determining home prices a little more challenging,” said Scott Russell, REBGV president. “The number of residential home sales this summer has been comparable to activity seen in the five years preceding 2008. While that’s great news, from the variations in activity we’re seeing across areas I’d say the market is still trying to find its own balance.”

Since the beginning of the year, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver has increased 11.4 per cent to $539,600 from $484,211. However, home prices compared to August 2008 levels are down 1.1 per cent.

Sales of detached properties in August 2009 increased 155.5 per cent to 1,367 from the 535 units sold during the same period in 2008. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties declined 0.7 per cent from August 2008 to $732,656.

Sales of apartment properties increased 97.8 per cent last month to 1,464, compared to the 740 sales in August 2008. The benchmark price of an apartment property declined 1.4 per cent from August 2008 to $369,263.

Attached property sales in August 2009 increased 108.2 per cent to 610, compared with the 293 sales during the same month in 2008. The benchmark price of an attached unit declined 0.9 per cent between August 2008 and 2009 to $459,159.

To view the complete report, go to http://www.rebgv.org/sites/default/files/REBGV%20Stats%20Package_August%202009.pdf.

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Associate Broker | Real Estate Sales

New property listed in Hastings East, Vancouver East

Average House Prices in Canada

Mortgage Rate Update - Sept. 15, 2009

Mortgages On Sale

New property listed in Mount Pleasant VE, Vancouver East

Mortgage Rate Update - Sept. 9, 2009

Open House. OPEN HOUSE: Sun. Sept. 13th 2-4 pm

Mortgage Rate Update - Sept. 2, 2009

August 2009 Stats

Market Momentum Carries into August

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