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Posted in Hastings East, Vancouver East
Please visit our Open House at 110 KOOTENAY ST in Vancouver.
OPEN HOUSE: Sun. Oct. 18th 2-4
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. Open House: Sun, Oct 18, 2-4 PM.
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Posted on by
Posted in Hastings East, Vancouver East
Please visit our Open House at 110 KOOTENAY ST in Vancouver.
OPEN HOUSE: Sun. Oct. 11th 2-4 pm
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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Posted on by
Posted in 2009 Real Estate Market, buying, real estate market, reports, sales, Vancouver real estate market

Buyer Demand Remains Strong While Home Listings Increase

Greater Vancouver home sales remained strong last month, with the second highest number of residential sales ever recorded for the month of September.

 
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,559 in September 2009, an increase of 3.4 per cent from the 3,441 sales recorded in August 2009, and an increase of 124.5 per cent compared to September 2008 when 1,585 sales were recorded.

 

“As homes sales in Greater Vancouver continued at an elevated pace in September it’s encouraging to see that more homes were listed on the MLS® in the month than any other so far this year,” Scott Russell, REBGV president said.

 
New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,764 in September 2009. This represents a 6.2 per cent decline compared to September 2008 when 6,142 new units were listed, but a 26.8 per cent increase compared to August 2009 when 4,544 properties were listed on the Multiple Listing Service® (MLS®) in Greater Vancouver.
 
At 12,596, the total number of property listings on the MLS® increased 5.5 per cent in September compared to last month and declined 36 per cent from the 19,852 homes listed for sale during the buyer’s market that was experienced at this time last year.

 

“During this period of renewed demand in our marketplace, home values have gradually recovered from the declines that occurred in 2008,” said Russell.

Since the beginning of the year, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver has increased 13 per cent to $547,092 from $484,211, while home prices compared to Septembers 2008 levels are up 1.6 per cent.

 
Sales of detached properties increased 160.6 per cent to 1,423 from the 546 detached sales recorded during the same period in 2008. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties increased 2.1 per cent from September 2008 to $741,632.
 
Sales of apartment properties in September 2009 increased 94.9 per cent to 1,489, compared to 764 sales in September 2008. The benchmark price of an apartment property increased 1.5 per cent from September 2008 to $374,686.
 
Attached property sales in September 2009 are up 135.3 per cent to 647, compared with the 275 sales in September 2008. The benchmark price of an attached unit increased 0.4 per cent between Septembers 2008 and 2009 to $466,276.
 
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Posted on by
Posted in 2009 Real Estate Market, buying, First-time buyers, mortgage rates, Vancouver real estate market
 

Try to Keep Up...

Rates are all over the place, changing almost everyday while lenders offer specials and deals on mortgages that fund within 30 days. The Bank of Canada is steady, which means that floating rates are still a great way to go.
 
The Australian Central Bank raised their rate today. There is speculation that this is the beginning of rates going up. There is no inflation on the horizon and so no real pressure for rates to go up here in Canada while the local Real Estate market continues to be very strong. 
 
             Bank Prime Rate 2.25%
Term
Best
Bank Posted
1 year
2.55%
3.75%
3 year
3.35%
4.65%
5 year
3.69%*
5.85%
10 year
5.20%
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...TODAY at 2.25%!
 

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 Hastings East, Vancouver East
Please visit our Open House at 110 KOOTENAY ST in Vancouver.
OPEN HOUSE: Sat/Sun. Oct. 3 & 4th 2-4pm
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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Posted on by
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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Posted on by
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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Posted on by
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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Posted on by
Posted in Mount Pleasant VE, Vancouver East Real Estate
I have listed a new property at # 305 550 E 7TH AV in Vancouver.
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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Posted on by
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!
Read

Posted on by
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.
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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Posted on by
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!
Read
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