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Property Photo: # 308 3680 RAE AV in Vancouver
I have sold a property at # 308 3680 RAE AV in Vancouver.
Affordable 2 bedrm/2 bath in solid, trouble free bldg. Freshly painted, new S/S appliances, cozy gas F/P, new HW tank & insuite laundry make this one a good buy! Plenty of closet space plus a large storage locker too, central location neartransit & Joyce skytrain. Sorry, no rentals but 2 pets permitted. 1 secure parking, additional parking available to rent through strata.
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Property Photo: 110 KOOTENAY ST in Vancouver
I have sold a property at 110 KOOTENAY ST in Vancouver.
All the character, none of the headaches! 1922 charmer in desirable family neighbourhood w/quality renovations to code. 3 bedrooms, easily 4, all new plumbing, 200 amp electric service - no knob & tube! HE furnace & dlbe glz windows.Main floor kitchen nicely updated w/granite & new appliances, modern bathroom has heated floors & soaker tub. Spacious top floor has new 3 pce bathroom w/shower & room for additional bedrooms and bath. Good height basement ready for family room or potential suite. OPEN HOUSE: Sun, Nov 15, 2-4 PM.
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I have sold a property at 119-22 E. Cordova Street in Vancouver.
GROUND floor 2 level LOFT w/ spacious patio in the highly sought after complex of the Van Horne! It's easy to get out for a walk or just to get some fresh air with the double doors out to your enclosed courtyard patio. One secured underground parking stall, a live-in caretaker & easy walking distance to downtown, the seawall, & all the up and coming restaurants and shops. Pets/rentals allowed. Turn key investment opportunity for smart investor.
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The Low Down on Interest Rates...

 

The Bank of Canada has decided to leave interest rates where they are. This was no surprise to anyone as the B of C has promised to keep the overnight rate at .25% until June of this year. They predict growth to pick up through the latter half of this year. If they are correct, then we will see interest rates start to go up later this year. All the powers that be, the government and the Bank of Canada, will be approaching any rate increases extremely carefully as the recovery will be slow and precarious until the USA is on better footing. 
 
            Bank Prime Rate 2.25%
Term
Best
Bank Posted
1 year
2.25%
4.5%
3 year
3.25%
5.15%
5 year
3.79%*
5.84%
10 year
5.25%
7.15%
25 year
9.30%
9.65%
 
 
 
 
 
 
 
 
 
 *Strings attached to this rate!
 Bold numbers denote change from last posted rates.  
 
Variable mortgage from Less Than Prime...TODAY at 2.05%!
 

Courtesy of

Laura Stein - The Mortgage Centre
T
elephone: 604-657-6535 ext 22
2

www.mortgagecents.ca

 

Call Laura today and tell her Lyn sent you!

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Slow Start/Strong Finish for Housing Market in 2009!

After beginning the year at near record low sales levels, buyers’ confidence in the Greater Vancouver housing market quickly returned, allowing for significant and sustained increases in the number of residential property sales for much of 2009.

 
The Real Estate Board of Greater Vancouver (REBGV) reports that total unit sales of detached, attached and apartment properties in 2009 reached 35,669, a 44.8% increase from the 24,626 unit sales recorded in 2008, but a 6.3% decline from the 38,050 residential sales in 2007.
 
The number of homes listed for sale on the Multiple Listing Service® (MLS®) in Greater Vancouver declined 15.5% in 2009 to 52,869 compared to the 62,561 properties listed in 2008.
 
“Low interest rates, an economy emerging from recession and continuing to improve, and consumer confidence led to the resurgence experienced in the Greater Vancouver housing market in 2009,” Scott Russell, REBGV president said. “Home sales neared or passed monthly records in Greater Vancouver throughout the latter half of 2009. In fact, last month’s home sales rank as the third highest selling December in the 90-year history of our organization.”
 
Residential property sales in Greater Vancouver totalled 2,515 in December 2009, an increase of 172.2% from the 924 sales recorded in December 2008, and an 18.4% decline compared to November 2009 when 3,083 home sales occurred. 
 
The residential benchmark price, as calculated by the MLSLink Housing Price Index®, for Greater Vancouver increased 16.2% to $562,463 between Decembers 2008 and 2009.
 
New listings for detached, attached and apartment properties in Greater Vancouver totalled 2,153 in December 2009. This represents a 38.9% increase compared to the 1,550 new units listed in December 2008 and a 41.1% decline compared to November 2009 when 3,653 properties were listed.
 

“The number of homes listed for sale on our MLS® has been in decline in Greater Vancouver for eight of the last nine months, which results in upward pressure on home prices and less selection for buyers to choose from,” Russell said.

Total active listings in Greater Vancouver currently sit at 8,939, a decrease of 41% from December 2008, and a decrease of 19% from November 2009.
 
Sales of detached properties in December 2009 increased 159.2% to 902, compared to 348 sales in December 2008. The benchmark price for detached properties increased 18.3% to $766,816 compared to December 2008.
 
Sales of apartment properties in December 2009 increased 176.7% to 1,154, compared to 417 sales in December 2008. The benchmark price of an apartment property increased 14.8% since December 2008 to $382,573.
 
Attached property sales in December 2009 increased 188.7% to 459, compared with the 159 sales in December 2008. The benchmark price of an attached unit increased 12.9% between Decembers 2008 and 2009 to $478,093. 
 
To read the complete report from the REBGV, go to
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Happy New Year!

 

2010 promises to be an interesting year for mortgages and real estate. The final numbers are in for 2009 and prices and volumes of activity have eclipsed 2008. The market has been spurred on by record low interest rates and a very, very slow start to the year. The demand is still strong and, with less listings on the market, there will be pressure on prices to increase.

   

Interest rates will remain low for the next while too. The Bank of Canada is holding to their commitment to keep rates low into June. The rise in the Canadian dollar will mean that the B of C will have to wait to raise rates. Too soon and they derail the recovery, especially in the manufacturing sector.            
 
            Bank Prime Rate 2.25%
Term
Best
Bank Posted
1 year
2.25%
4.5%
3 year
3.25%
5.15%
5 year
3.89%*
5.84%
10 year
5.25%
7.15%
25 year
9.30%
9.65%
 
 
 
 
 
 
 
 
 
 *Strings attached to this rate!
 Bold numbers denote change from last posted rates.  
 
Variable mortgage from Less Than Prime...TODAY at 2.15%!
 

Courtesy of

Laura Stein - The Mortgage Centre
T
elephone: 604-657-6535 ext 22
2

www.mortgagecents.ca

 

Call Laura today and tell her Lyn sent you!

Read
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Reciprocity Logo 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.