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Property Photo: 5630 KINCAID ST  in Burnaby
Please visit our Open House at 5630 KINCAID ST in Burnaby.
OPEN HOUSE: Sun. June 28th 2-4 pm
Must see! Tastefully decorated 'GEM' in Deer Lake Place. 6 bdrm home w/2 kits on beautifully landscaped 66x123 lot. Extensively renovated to owner's 'PRIDE & JOY' specifications. Huge $$$'s spent. Custom designed gourmet kits, w/stainless steel appls, granite tops, designer fixts, sinks, crown mldgs, oak, wood, ceramic & slate tiled flrs, walkways stone tiled. Feature walls, custom lighting thru-out. Enjoy entertaining in your resort styled private & quiet garden w/lights, fountain effects, & sunny porch & 500 sf slate sundeck for your BBQ's. All dble glazed wndws, custom blinds, new acrylic paint, new hot water tank, furnace, all high efficiency systems & appls, 5 yr roof. Great loc across from elem school, mins to BCIT, Metrotown. Easy access to Freeway. Ample RV parking for your boat or RV. Spacious billiards sized recreation rm for home entertainment. Professional music studio w/sound proof recording rm. Home also approved by Vancouver English Centre for homestay students.
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Property Photo: 5630 KINCAID ST  in Burnaby
I have listed a new property at 5630 KINCAID ST in Burnaby.
Must see! Tastefully decorated 'GEM' in Deer Lake Place. 6 bdrm home w/2 kits on beautifully landscaped 66x123 lot. Extensively renovated to owner's 'PRIDE & JOY' specifications. Huge $$$'s spent. Custom designed gourmet kits, w/stainless steel appls, granite tops, designer fixts, sinks, crown mldgs, oak, wood, ceramic & slate tiled flrs, walkways stone tiled. Feature walls, custom lighting thru-out. Enjoy entertaining in your resort styled private & quiet garden w/lights, fountain effects, & sunny porch & 500 sf slate sundeck for your BBQ's. All dble glazed wndws, custom blinds, new acrylic paint, new hot water tank, furnace, all high efficiency systems & appls, 5 yr roof. Great loc across from elem school, mins to BCIT, Metrotown. Easy access to Freeway. Ample RV parking for your boat or RV. Spacious billiards sized recreation rm for home entertainment. Professional music studio w/sound proof recording rm. Home also approved by Vancouver English Centre for homestay students. Open Sat/Sun June 20/21, 1-3 pm.
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Property Photo: 5630 KINCAID ST  in Burnaby
Please visit our Open House at 5630 KINCAID ST in Burnaby.
OPEN HOUSE: Sat/Sun. June 20th & 21st 1-3 pm
Must see! Tastefully decorated 'GEM' in Deer Lake Place. 6 bdrm home w/2 kits on beautifully landscaped 66x123 lot. Extensively renovated to owner's 'PRIDE & JOY' specifications. Huge $$$'s spent. Custom designed gourmet kits, w/stainless steel appls, granite tops, designer fixts, sinks, crown mldgs, oak, wood, ceramic & slate tiled flrs, walkways stone tiled. Feature walls, custom lighting thru-out. Enjoy entertaining in your resort styled private & quiet garden w/lights, fountain effects, & sunny porch & 500 sf slate sundeck for your BBQ's. All dble glazed wndws, custom blinds, new acrylic paint, new hot water tank, furnace, all high efficiency systems & appls, 5 yr roof. Great loc across from elem school, mins to BCIT, Metrotown. Easy access to Freeway. Ample RV parking for your boat or RV. Spacious billiards sized recreation rm for home entertainment. Professional music studio w/sound proof recording rm. Home also approved by Vancouver English Centre for homestay students. Open Sat/Sun June 20/21, 1-3 pm.
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I have listed a new property at 5630 Kincaid Street in Burnaby.
WOW, you gotta see this one! Tastefully decorated gem in Deer Lake Place, 6 bedroom home w/2 kitchens on beautifully landscaped 66x123 lot. Extensively renovated with custom designed gourmet kitchens, stainless steel appliances, granite countertops, designer fixtures, crown mouldings, oak, wood, ceramic & slate tiled floors, & custom lighting throughout. Musicians...has a specially constructed sound proof room for music production! Enjoy entertaining in your resort styled private & quiet garden w/lights, fountain effects, & sunny porch with 500 sq.ft. slate sundeck for your BBQ's. All double glazed windows, custom blinds, new acrylic paint, new hot water tank, furnace, all high efficiency systems , 5 year old roof. Great location close to Douglas Road Elementary School and Burnaby Montessori School, just minutes to BCIT.
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Please visit our Open House at 5630 Kincaid Street in Burnaby.
OPEN HOUSE: Sat/Sun. June 20th/21st 1-3 pm
WOW, you gotta see this one! Tastefully decorated gem in Deer Lake Place, 6 bedroom home w/2 kitchens on beautifully landscaped 66x123 lot. Extensively renovated with custom designed gourmet kitchens, stainless steel appliances, granite countertops, designer fixtures, crown mouldings, oak, wood, ceramic & slate tiled floors, & custom lighting throughout. Musicians...has a specially constructed sound proof room for music production! Enjoy entertaining in your resort styled private & quiet garden w/lights, fountain effects, & sunny porch with 500 sq.ft. slate sundeck for your BBQ's. All double glazed windows, custom blinds, new acrylic paint, new hot water tank, furnace, all high efficiency systems , 5 year old roof. Great location close to Douglas Road Elementary School and Burnaby Montessori School, just minutes to BCIT.
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Bank Rate Up a Smidge...
Interest rates have started to bubble in an upward direction. Different lenders have increased different rates for different terms. Will borrowers gravitate to locking in although the Bank of Canada has tried to reassure that they are keeping rates low?
 
Borrowers have great choices available these days and can really consider their mortgage needs against a myriad of well priced mortgage products.
 
 Bank Prime Rate 2.25%
Term
Best
Bank Posted
1 year
2.90%
3.90%
3 year
3.05%
4.15%
5 year
3.69%
5.25%
10 year
5.25%
6.70%
25 year
9.15%
9.75%
 
 
 
 
 
 
 
 
 
 
 
Bold numbers denote change from last posted rates. 
  
Variable mortgage from Prime +.60..TODAY at 2.85%!
 

Courtesy of

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

www.mortgagecents.ca

 

Call Laura today and tell her Lyn sent you!

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Increased Demand Steadies Housing Market in Greater Vancouver

The Real Estate Board of Greater Vancouver NEWS RELEASE - Vancouver, BC June 2009 
 
A continued increase in buyer activity over the last four months has resulted in increased home sales and lessened the downward pressure on housing prices in Greater Vancouver.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property
sales in Greater Vancouver totalled 3,524 in May 2009, an increase of 17.4 per cent from the 3,002 sales recorded in May 2008, and an increase of 18.9 per cent compared to last month.
 
Since the beginning of the year, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver has increased 4.5 per cent to $506,201 from $484,211. However, home prices compared to May 2008 levels are down 10.9 per cent.

 

“The increased level of buyer activity over the last few months has had a stabilizing effect on home prices across our region,” Scott Russell, REBGV president said. “MLS® data continues to show a trend toward a balanced market in the region.”

 
New listings for detached, attached and apartment properties declined in Greater Vancouver, down 36 per cent to 4,733 in May 2009 compared to May 2008, when 7,390 new units were listed. At 13,641, the total number of property listings on the Multiple Listing Service® (MLS®) declined 4.7 per cent compared to last month and 16 per cent compared to May 2008.
 
Sales of detached properties increased 16.5 per cent to 1,402 from the 1,203 detached sales recorded during the same period in 2008. The HPI benchmark price for detached properties declined 11.8 per cent from May 2008 to $680,320.
 
Sales of apartment properties in May 2009 increased 17.2 per cent to 1,458, compared to 1,244 sales in May 2008. The benchmark price of an apartment property declined 10.2 per cent from May 2008 to $349,987.
 
Attached property sales in May 2009 are up 19.6 per cent to 664, compared with the 555 sales in May 2008. The benchmark price of an attached unit decreased 9 per cent between May 2008 and 2009 to $435,848.

Bright spots in Greater Vancouver in May 2009 compared to May 2008:

Detached:

Burnaby up 48.9 per cent (140 units sold from 94)

Maple Ridge/Pitt Meadows up 13.4 per cent (144 units sold from 127)

North Vancouver up 31.4 per cent (134 units sold from 102)

Port Moody/Belcarra up 52.6 per cent (29 units sold from 19)

Richmond up 14.0 per cent (170 units sold from 142)

Vancouver East up 11.1 per cent (180 units sold from 162)

Vancouver West up 59.5 per cent (193 units sold from 121)
 

Attached:

Burnaby up 31.5 per cent (96 units sold from 73)

Maple Ridge/Pitt Meadows up 43.8 per cent (46 units sold from 32)

North Vancouver up 31.8 per cent (58 units sold from 44)

Vancouver West up 54.5 per cent (102 units sold from 66)
 

Apartments:

Burnaby up 32.6 per cent (187 units sold from 141)

North Vancouver up 22.6 per cent (103 units sold from 84)

Richmond up 27.4 per cent (200 units sold from 157)

Vancouver East up 28.7 per cent (139 units sold from 108)

Vancouver West up 25.4 per cent (529 units sold from 422)
 
To view the complete report from the REBGV, go to:
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I have sold a property at 406-1515 East 6th Avenue  in vancouver
I have sold a property at 406-1515 East 6th Avenue in vancouver.
NEW PRICE on completely renovated, top-floor, 2 bdrm/2 bath condo. Rainscreened building, amazing location on a treed street, 1 block from "The Drive" shops, services, coffee & Skytrain. Located right on bike route to downtown. 2 parking stalls side by side. Insuite laundry & tons of storage. Brand new kitchen w/granite & stainless appliances & a skylight for natural light. New flooring throughout, gas F/P, crown moulding, pre-wired wall mount for TV and stereo, private sunny patio. Large master bdrm w/ensuite. Very well run Strata. Purchase with confidence in this sought-after building. 
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I have listed a new property at 2286 St. George Street in Vancouver.
Vancouver's hottest neighbourhood--Mount Pleasant! One bedroom and den townhome, purchase with confidence with a 2-5-10 warranty. Vantage City homes reflect heritage style; the interiors are nothing short of contemporary urban chic. Stainless steel appliances, granite counters, walnut cabinets. Limestone vanity counters, 9-foot ceilings. Abundant storage. Mobile translucent glass doors separate the den from bedroom. French doors lead you onto your large outdoor courtyard patio. Easy access to the Olympic Village, Downtown, Main Street eateries and shopping.
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Market Heating Up!
Interest rates have basically stayed the same this week. There is a little bit of movement in the variable rates as some lenders have decreased. The 5 year bond rate is up…..this could put pressure on the 5 year rate to increase. Interest rates should continue to be low for a long period of time yet but we may be seeing the bottom of the five year rate. Locking in may be a good idea for some but each borrower should have a look at their existing rate and what the lock in rate would be. Is it worth having your payments go up? 
Bank Prime Rate 2.25%
Term
Best
Bank Posted
1 year
2.90%
3.90%
3 year
3.05%
4.15%
5 year
3.59%
5.25%
10 year
5.25%
6.70%
25 year
9.15%
9.75%
 
 
 
 
 
 
 
 
 
 
 
Bold numbers denote change from last posted rates. 
  
Variable mortgage from Prime +.60..TODAY at 2.85%!
 

Courtesy of

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

www.mortgagecents.ca

 

Call Laura today and tell her Lyn sent you!

Read

I have sold a property at 404-1990 E. Kent Avenue  in Vancouver
Property Photo: 404-1990 E. Kent Avenue  in Vancouver
I have sold a property at 404-1990 E. Kent Avenue in Vancouver.
NEW PRICE! Large 1060 sq.ft. top floor southwest facing suite overlooking lagoon and the mighty Fraser river.  2 bedrooms, 2 baths with vaulted ceilings, gas fireplace, in-suite laundry, hardwood floors, window seat, custom made drapery, slate tile entry. AND...this is a rainscreened building with amazing clubhouse facilities! Enjoy the peace and tranquility of the view from your balcony, walk or bike along the Fraser River. What a great lifestyle!
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