Greg Thornton & Colin Thornton        

Top 10% of Greater Vancouver REALTORS® for 29 Years ! In Listing, Sales, & Dollar Volume!


``Modern Day Marketing Techniques With Old Fashioned Service``

RE/MAX Sabre Realty

Group 604-942-0606

102-2748 Lougheed Hwy, 

Port Coquitlam, V3B 6P2

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Greg Thornton
Cell:604-644-8252
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Colin Thornton
 
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By Sunny Freeman the Canadian Press

 

A new condo report suggests first-time buyers, retirees and population growth will continue to fuel demand and price growth for the compact living spaces over the next few years.
The study by Genworth Canada found that average condo resale prices are expected to rise next year in seven of the eight metropolitan centres studied.
Prices in Toronto are projected to jump 2.5 per cent to $312,352.
The highest increase however, is expected to be in Edmonton where prices could rise 3.2 per cent.

Vancouver is the only city where condo prices are expected to drop, by two per cent to $348,152.
The report stands in contrast to warnings from economists and officials that the condo market in some hot markets is reaching...

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I have listed a new property at 588 IOCO RD in Port Moody.
This home truly is a must to see, upwards of $300,000 in renovations inside & out. From the huge master bdrm w/it's elegant 5 pce enste to the Venetian Plastered walls and granite floor in the kitchen this home just has too many upgrades to mention. Extensive use of granite thru-out the home and yes I did say granite flrs in the kit. Beautiful 9x52 cov s/d off the kit w/gorgeous inlet view & outdoor kit. Beautifully fin 1 bdrm suite in the bsmt w/maple cabinets, granite counter tops & S/S appls. Sep office w/3 pce bath, under what used to the garage, could easily be converted back to a bachelor suite, plumbing & electrical is still there for the kit. Completely private...
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How to Set an Offer Price


Check out more reports from us at http://thethorntongroup.ca/reports.html

 

 

There is no set equation to determine how you’ll reach an offer price.  Rather, the process involves a range of research and comparison that will vary with each situation.  You’ll need to look at sales of comparable properties, and factor in additional data such as the condition of the property, the current market, and seller circumstances.  With this information in hand, you will be able to determine a fair price range and, from there, establish the price you’re willing to offer.

 

Concentrate on the following areas to help you determine an offer price:

 

Comparable Sales

 

  • Compare...
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By Marilyn Wilson, Postmedia NewsAugust 25, 2012


So the kids have moved out and you're ready to downsize from your two-storey with a pool or you're too busy working to care for a lawn, pull weeds and plant perennials.

Sounds like you are gearing up for a condo. But just because you're minimizing your maintenance doesn't mean you can't maximize your amenities.

Many people making the switch to a condo are concerned about the amenities on offer. If you're transitioning from a large property with views of mature trees, you may not want to peer into the window of the breakfasting neighbours. Or if you're moving from a waterfront property, you may still want a water view. Just like your view, your building's amenities should coincide with your personality...

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BY GARRY MARR, FINANCIAL POST

it doesn't make much sense, but a skimpy down payment on a home might actually get you a better mortgage rate in today's market.

Blame the government subsidy known as mortgage default insurance, which ultimately makes it less risky to lend money to someone who has only 5% down compared to someone with 20%.

Consumers with less than 20% down must get mortgage default insurance in Canada if they are borrowing from a federally regulated bank. The cost is up to 2.75% of the mortgage amount upfront on a 25-year amortization but that fee comes with 100% backing from the federal government if the insurance is provided by Crown corporation Canada Mortgage and Housing Corp.

"It's already happening," says Rob McLister,...

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Article From AOL Real Estate by Megan Mollman

 

According to the U.S. Census Bureau, renters have much higher rates of moving than homeowners. The website, Costhelper.com, shows that the average cost of hiring a mover for a two-bedroom apartment runs from $300 to $450, and a three-bedroom unit could cost as much as $600 to 900. So it stands to reason that moving every year, or even every couple of years, can multiply into a hefty sum of money.

Over the course of five years, if you were to move each year into a new apartment, you could be spending anywhere from $1,500 to $4,500. And that's not including the money that you'll shell out for packing supplies and other unexpected costs.

So to avoid handing over more money than you care to...

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Written by Tami Jones

Real estate investments in Canada are just as lucrative today as they were before the worldwide financial crisis, in fact, arguably even more so.  Due to Canada’s diverse regional economies, the Canadian real estate market is now better analyzed on an individual provincial basis. 

As usual, the most vibrant real estate jewels are hiding in the small to mid-sized towns, where relatively low housing prices combined with surging local economies make for a more predictable and stable market.

Looking at a town’s future, rather than the success of its past, is the best way to scout out an investment property in Canada.  With its arresting beauty, vast territories, and flourishing national prosperity,...

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A senior economist at one of Canada’s major banks says a widely anticipated downturn in the housing market may not be as deep or as long-lasting as some fear.

Benjamin Tal, deputy chief economist at CIBC World Markets (TSX:CM), says demographic forces over the next decade will limit the damage.

Tal writes that there will be fewer Canadians under the age of 25 and between the ages of 45 and 54, but those groups account for a small portion of home buyers.

But Tal says the group aged between 25 and 34 — the age group that makes up the vast majority of first-time buyers — will continue to grow, and he says growth in the housing market could be even stronger due to immigration.

Overall, the CIBC economist says the next decade will...

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Know the Market before You Buy

Check out more reports from us at http://thethorntongroup.ca/reports.html

 

The asking prices of most homes on the market indicate the current state of the market, and usually mirror the prices for which other similar homes in the area have recently sold.  In deciding upon a selling price, a home-seller must establish a balance between the desire to draw the highest offer and finding a price that will be reasonable enough to attract an appropriate pool of prospects, and competitive offers.  While most selling agents counsel their clients to consider this equation when pricing their home, keep in mind that some homes are not properly priced. 

 

It’s important to educate yourself...

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Three Canadian cities have again cracked the top five on a ranking of the world’s most liveable places.

In the latest report from the Economist Intelligence Unit, Vancouver ranked third, followed by Toronto and Calgary in fourth and fifth respectively.

The Canadian cities were bested only by Vienna in second and Melbourne, which topped The Economist’s Liveability Ranking.

The annual survey of 140 cities uses more than 30 factors to gauge the state of healthcare, education, infrastructure, stability, culture and environment — rendering a score out of 100.

Vancouver lost marks only for petty crime rates, availability of quality housing and congested road networks, with report authors citing a series of infrastructure projects...

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