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Posted in Kitsilano, Vancouver West Real Estate
Please visit our Open House at 302 2287 3rd AVE W in Vancouver.
OPEN HOUSE: Sat. Oct 9th 2-4pm
North of West 4th - spacious corner one bedroom with S/W/N exposure and 3 balconies! Kitchen updates include cabinets and appliances. Large dining bar built to create an open floor plan. Cozy W/B fireplace in living room, opening to large balcony. Fresh coat of paint and new carpeting makes this suite move-in condition. Bonus: insuite laundry, parking and storage. Great building - rainscreened, updated plumbing and new roof! Pets w/ restrictions. Sorry, no rentals.
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Posted in Edmonds BE, Burnaby East Real Estate
I have sold a property at 7635 DAVIES ST in Burnaby
Property Photo: 7635 DAVIES ST in Burnaby
I have sold a property at 7635 DAVIES ST in Burnaby.
A bland rancher has been elevated to new heights when the owner raised & redesigned it to a chic 3 bdrm showpiece. Upon entry you will notice the owners have eked out an spatial arrangements to create a modern wide-open concept. The 17x12 living rm has a large fireplace focal point while the high-caliber kitchen has generous counter space & a gas stove. The adjacent 11x13 dining area (presently used as a den) has French doors out to the practically perfect perennial garden. Upstairs has 2 versatile kid-friendly bdrms, the 2nd full bathroom & the expansive master bedroom retreat with a luxurious, private bath. This bdrm has its own fireplace, computer alcove and walk-in dressing room. The spa-inspired ensuite has glass vessel sinks and a modern interpretation of the classic claw foot tub. The upper floor has the original oak wood flooring while all the mechanical aspects of the house have been recently replaced and upgraded. There is obvious pride in workmanship throughout this home. Open Sun, Sept. 19th, 2-4.
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Posted on by
Posted in Edmonds BE, Burnaby East Real Estate
Property Photo: 7635 DAVIES ST in Burnaby
Please visit our Open House at 7635 DAVIES ST in Burnaby.
Open House on Sunday, September 19, 2010 2:00 pm - 4:00 pm
A bland rancher has been elevated to new heights when the owner raised & redesigned it to a chic 3 bdrm showpiece. Upon entry you will notice the owners have eked out an spatial arrangements to create a modern wide-open concept. The 17x12 living rm has a large fireplace focal point while the high-caliber kitchen has generous counter space & a gas stove. The adjacent 11x13 dining area (presently used as a den) has French doors out to the practically perfect perennial garden. Upstairs has 2 versatile kid-friendly bdrms, the 2nd full bathroom & the expansive master bedroom retreat with a luxurious, private bath. This bdrm has its own fireplace, computer alcove and walk-in dressing room. The spa-inspired ensuite has glass vessel sinks and a modern interpretation of the classic claw foot tub. The upper floor has the original oak wood flooring while all the mechanical aspects of the house have been recently replaced and upgraded. There is obvious pride in workmanship throughout this home. Open Sun, Sept. 19th, 2-4.
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Posted on by
Posted in Edmonds BE, Burnaby East Real Estate
Property Photo: 7635 DAVIES ST in Burnaby
I have listed a new property at 7635 DAVIES ST in Burnaby.
A bland rancher has been elevated to new heights when the owner raised & redesigned it to a chic 3 bdrm showpiece. Upon entry you will notice the owners have eked out an spatial arrangements to create a modern wide-open concept. The 17x12 living rm has a large fireplace focal point while the high-caliber kitchen has generous counter space & a gas stove. The adjacent 11x13 dining area (presently used as a den) has French doors out to the practically perfect perennial garden. Upstairs has 2 versatile kid-friendly bdrms, the 2nd full bathroom & the expansive master bedroom retreat with a luxurious, private bath. This bdrm has its own fireplace, computer alcove and walk-in dressing room. The spa-inspired ensuite has glass vessel sinks and a modern interpretation of the classic claw foot tub. The upper floor has the original oak wood flooring while all the mechanical aspects of the house have been recently replaced and upgraded. There is obvious pride in workmanship throughout this home. Open Sun, Sept. 19th, 2-4.
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Posted in Government Road, Burnaby North Real Estate
I have sold a property at 111 3911 Carrigan CRT in Burnaby
I have sold a property at 111 3911 Carrigan CRT in Burnaby.
Completely renovated two bdrm unit at "Lougheed Estates." This building is problem free w/a new roof & plumbing pipes. This unit is not on the ground lvl & is very private, facing the courtyard. This unit has been completely renovated. Fresh paint, laminate flrng, lighting & crown moldings throughout. Brand new bath; new backsplash, tub, toilet, sink & vanity. Brand new kitchen w/pot lights, maple cabinets w/underlighting, countertops, backsplash & newer appliances. Tons of cupboard space in the kit & extra storage in the hall. Large eating area & living rm w/sliders onto your entertaining size deck looking onto the courtyard. Both bdrms are a great size. All you have to do is move in!
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Posted on by
Posted in 2010 real estate market, buying, First-time buyers, mortgage rates, real estate market

Dropping...

     

Great news this week as the “Big Banks” are finally getting in the game for interest rates. The news is all about the drop in interest rates by the Banks. Other lenders have already been down for a few weeks and I am looking to see rates go down even further. It is becoming more difficult to make the choice between variable and fixed rates as these rates get closer together.

 
The Real Estate market has slowed considerably since the hectic pace of late spring/early summer. Higher rates, changes to qualifications for obtaining a mortgage and the perceptions surrounding the HST are all responsible for the slowdown.
 
When things get slow, rates stay low….or go lower. Perhaps we will see a busy fall market as borrowers see an opportunity with lots of housing inventory and great interest rates.

          

Bank Prime Rate 2.50%
Term
Best
Bank Posted
1 year
2.65%
3.50%
3 year
3.49%
4.50%
5 year
3.79i

 5.49i

10 year
5.25%
6.90%
25 year
9.30%
9.65%
 
 
 

 

 
 
 
 
 
Bold numbers denote change from last posted rates.  
 
Variable mortgage from Less Than Prime!
 

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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Posted on by
Posted in 2010 real estate market, buying, First-time buyers, Laura Stein, mortgage rates, real estate market, Vancouver Real Estate blog

Baby Steps...

      Another week - another small decrease in interest rates. I’ve been telling you that fixed terms have to come down and they are. There’s more room for decreases but whether or not the lenders offer the savings to the borrower or try to hang onto their larger spreads, only time will tell.

      The Bank of Canada next meets Wednesday, September 8th. It’s widely thought that the B of C cannot go too much further without the rest of the world, most notably the USA, joining in the recovery. Based on what I’ve read, the recovery in the USA is looking more like 2012-2013. About the time that the Port Mann bride is finished, rates in the USA will be going up.

    Until then, keep your speed under 80km/h (in Vancouver) and consider riding in a variable mortgage. Have a Great week!

          
Bank Prime Rate 2.50%
Term
Best
Bank Posted
1 year
2.65%
3.50%
3 year
3.49%
4.50%
5 year
3.89i

 5.79i

10 year
5.25%
6.90%
25 year
9.30%
9.65%
 
 
 

 

 
 
 
 
 
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
Telephone: 604-657-6535 ext 222
www.mortgagecents.ca

 

Call Laura today and tell her Lyn sent you!
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Posted on by
Posted in 2010 real estate market, mortgage rates, real estate market

Mortgage Rate Forecast

By Cameron Muir, Chief Economist and Brendon Ogmundson, Economist, British Columbia Real Estate Association
 
The Canadian economy grew at the exceptional pace of 6.1% in the first quarter of 2010, propelled by a booming housing market, strong consumer spending and the rebuilding of private sector inventories. Moreover, growth in the second quarter of 2010, while not expected to register the sizzling pace of the previous six months, should be a robust 3%-4%.
  
table
 
However there are signs that the economy, if not stalling out, may be slowing down. April’s monthly GDP print was disappointingly flat as consumers moved to the sidelines, sending retail sales lower by almost 2%.
 
chart
 
Even if Canadian consumers are beginning to tire out, economic growth should be supported in coming months by projects initiated under the federal government’s infrastructure stimulus plan. This stimulus will provide a needed boost to the economy through the remainder of 2010, with projected impacts peaking in the third quarter, but will create a drag on growth in 2011 as the stimulus is withdrawn from government expenditure.
 
The strength of the Canadian economic recovery over the past six months is evidenced by the over 300,000 jobs created in the Canadian economy since the beginning of the year. While this exceptional rate of job creation stands in stark contrast to the gloomy employment situation of our southern neighbour, it also re-affirms the need for the Bank of Canada to begin withdrawing its emergency level of monetary stimulus by raising interest rates, particularly given the proximity of core inflation to its 2% target rate.
 
The withdrawal of monetary and fiscal stimulus from the Canadian economy in coming months will result in slower growth in both the second half of 2010 and into 2011. This growth slowdown may be further exacerbated by weaker than currently anticipated US and global economic growth as well as a higher Canadian dollar resulting from a rise in Canadian interest rates relative to the United States.
 
In all, slower economic growth and inflation that is within the Bank of Canada’s comfort zone should mean that, while interest rates are certain to rise, the pace of interest rate increases should be orderly and the level of interest rates will remain near historic lows through the remainder of the year.
 
© Real Estate Board of Greater Vancouver
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Posted in Hastings, Vancouver East Real Estate
I have sold a property at 2 1638 Georgia ST E in Vancouver
Property Photo: 2 1638 Georgia ST E in Vancouver
I have sold a property at 2 1638 Georgia ST E in Vancouver.
Exclusive Woodshire 3 bedroom & 2 bath craftsman inspired townhome blended with old English charm. Your gourmet kitchen boasts granite countertops, custom pantry, S/S appliances, gas stove w/pot filler & a patio w/gas hook up. Living area features solid engineered hardwood floors on the main, recessed halogen pot lights, custom blinds, gas f/p w Heritage-Styled tile hearth. Baths w/upgraded Toto toilets, rain soaker shower & granite counters. The bedrooms on 2nd level feature custom closets/!desk/storage & your 3rd floor sanctuary offers an area to escape & unwind! Master bedroom & bath w/vaulted ceilings, skylights, north shore mountain views, & walk in closet/storage.
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Posted in Collingwood VE, Vancouver East Real Estate
I have listed a new property at 1401 3520 Crowley DR in Vancouver.
Welcome to "Millenio" at Collingwood Village, built by Bosa and only 9 years young. This immaculate 1 bedroom suite faces south with unobstructed views over the city and the adjacent park. Other features include insuite laundry, a parking spot, a storage locker and a very functional layout. The building has a social lounge, a gym and visitors parking. The location is very convenient to parks, tennis courts, sky train, restaurants, shopping, and other services. Pets are welcome and rentals are allowed. Easy to show by appointment. Call today!
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Posted on by
Posted in Collingwood VE, Vancouver East Real Estate
Please visit our Open House at 1401 3520 Crowley DR in Vancouver.
OPEN HOUSE: Sun. July 11th 2-4 pm
Welcome to "Millenio" at Collingwood Village, built by Bosa and only 9 years young. This immaculate 1 bedroom suite faces south with unobstructed views over the city and the adjacent park. Other features include insuite laundry, a parking spot, a storage locker and a very functional layout. The building has a social lounge, a gym and visitors parking. The location is very convenient to parks, tennis courts, sky train, restaurants, shopping, and other services. Pets are welcome and rentals are allowed. Easy to show by appointment. Call today!
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Posted on by
Posted in Hastings, Vancouver East Real Estate
I have sold a property at 306 2366 Wall ST in Vancouver
Property Photo: 306 2366 Wall ST in Vancouver
I have sold a property at 306 2366 Wall ST in Vancouver.
Solid Landmark Building in one of East Vancouver's nicest nieghbourhoods. Close to parks, water, great schools and public transit. 5 minutes to Downtown, the North Shore and the freeway entrance. This bright & sunny 1 bedroom suite is extremely functional, with large and spacious rooms. Some features include: a gas fireplace, newer carpeting and paint, with an extra large South facing balcony for those nice warm days. Laundry is shared, on the main floor, and free! This building has an excellent reputation for maintaining quality inside and out. The roof and plumbing have been re-done.
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