I have listed a new property at 69 10221 WILSON AVE in Mission.
Estate Sale and must be Sold. Solid 3 bdrm and den home situated on a double corner lot. Huge master bdrm w/his & hers dble closets & laminate floors. Good sized 2nd bdrm w/a 3 piece enste ( used to be the master bdrm) plus a 3rd bdrm &small den. Nicely updated 4pce main bath w/new tub surround, sink & vanity & ceramic flring. Nicely updated kit w/raised white cabinets, newer lino & a large E/A as well as a sep dinrm & adjoining famrm opening onto the 12 x 15 cov.s/deck. Cozy lvgrm w/ a gas heatilator F/P. New roof approx 5 years ago.
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I have listed a new property at 1910 SUFFOLK AVE in Port Coquitlam.

Virtual Tour! http://www.imagemaker360.com/126584

This, in my opinion, has to be the best deal in town for first time buyers & investors, OCP indicates Apt zoning. There is nothing to do but move in. This 3 bedroom home has been lovingly maintained by the same owners for the past 34 years.You will love the spacious open floor plan with the nice big living room & dining room with gas heatilator fireplace & cedar feature wall. Nice and bright kitchen with lots of upboards & counter space. Huge partially cover patio opening onto the large private lot with lane access. Patio prewired for a hot tub plus a 50 amp electrical hook-up for an RV in the driveway. New vinyl windows with low E glass in 2010 & 50 year metal roof in about 1990.

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I have listed a new property at 3 19171 MITCHELL RD in Pitt Meadows.
RARE FIND. Don't miss this clean well maintained and SPACIOUS 2 bdrm, 2 bath ranch style home at Holly Lane. Nicely updated w/ fresh paint & nice new wide plank laminate flooring throughout except kit & bathrms. Nice big master bdrm w/ dblcloset & a 3 pce enste w/ an oversized shower. Nice bright 4 pce main bath w/ tub & shower. Big open LR & DR with gas F/P & slider to a large covered patio, plumbed for a gas BBQ. Fully fenced & secure backyard, ideal for your little dog. Big bright kitchen w/ lots of cupboards & counter space, large eating area & S/S appliances & gas range. Oversized single garage w/ room for additional storage. New hot water tank in 2013.
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Number of starts higher for single-family homes; multi-family figure drops

 



Rise in building permits reflects sense of optimism, builders say
 

The value of approved building permits for both Vancouver and B.C. was up significantly in April both from April 2012 and March 2013.

Photograph by: Don Healy , Regina Leader-Post

As housing starts continue their ho-hum-but-steady pace through 2013, a surge in the number of building permits shows stronger numbers might be around the corner.

The six-month trend for housing starts in Metro was nearly identical in May, at 16,324 units started, compared with April, at 16,370 units started, Canada Mortgage and Housing Corporation reported Monday.

The seasonally adjusted annual rates are down significantly from April to May, however, reflecting a swing from 17,986 in April to 14,690 in May.

“Because May 2013 was down in terms of construction from May 2012, that will show in the (seasonally adjusted annual rate) numbers,” said Lance Jakubec, CMHC’s senior market analyst for Vancouver. “Let’s say there were similar declines going ahead for the next five months; that would start to be a trend.”

The trend is used to balance monthly fluctuations, and reflects a stable, moderate market that is in line with CMHC’s forecasts, Jakubec said.

The number of starts was up for single family homes, while the number of multi-family home starts dropped, CMHC reported.

Jakubec said there are some communities, such as Burnaby, the University Endowment Lands and North Vancouver City, where the multi-family starts were higher year-over-year, but that the market is generally stable across Metro.

“There are multiple sub-markets and stories happening across the Lower Mainland that just get rolled into that single number,” Jakubec said. “When you see that single number for Metro Vancouver, it’s really important to think what is the story of Vancouver versus Surrey versus Coquitlam, all of which are in the Lower Mainland, but all of which really function as their own markets.”

Meanwhile, the value of approved building permits for both Vancouver and B.C. was up significantly in April both from April 2012 and March 2013, Statistics Canada reported last week.

Bob de Wit, CEO of the Greater Vancouver Home Builders’ Association, said his members are optimistic about the housing market in Metro.

“The election was a bit of a surprise to everybody … but I think that post-HST and post-election, there is a lot of optimism out there on the builders’ side and that is going to lead to projects moving ahead quicker than they might have otherwise,” de Wit said. “There is optimism that the economy will continue to be strong and that people will be buying homes.”

He also said that the resale market numbers are improving.

“On the resale side, you’re seeing more uptake from buyers — partly seasonal — and when you see more balance in the market it also encourages new construction.”

There is normally a lag of about three months between the time a building permit is approved and the actual housing start for a multi-family development, said Bryan Yu, an economist for Central 1 Credit Union.

“We won’t be seeing that for at least a few months going forward,” Yu said.

But Yu doesn’t think the positive building-permit numbers represent a return to a red-hot real estate market.

“On the multi-family side, these projects have been planned quite some time ago. It’s not as though these are projects that are just planned in the past year, it’s probably at least a few years now,” Yu said. “I think it’s an anomaly. I do think the housing starts will probably tail back in the next few months.

“The overall environment for the housing market isn’t that strong right now. There’s not as much demand for new home construction going forward given the levels of inventory in the market.”

Yu said B.C. is losing people to other provinces and that not as many international immigrants are coming to the province as they did five years ago. On top of that, employment growth has been “treading water,” retail sales are slow, and the mortgage-rule tightening has dampened demand, Yu said.

“I think given where the economy is … you’re not seeing the environment that’s conducive to a lot of housing demand growth,” Yu said. “If there is demand, there is also quite a bit of inventory in the market still.”

But Yu doesn’t see a sharp drop-off in the housing market either. He said that while not many jobs have been added, not many have been lost either, and mortgages in arrears are quite low.

“People are not really financially in trouble. You’d have to have a significant economic shock, whether it be a big, sharp increase in interest rates or recession-induced job losses that would cause individuals to divest of their homes, or to take any amount they can get for their homes,” Yu said. “We just don’t see that happening.”

tsherlock@vancouversun.com

Twitter.com/tracysherlock



Read more: http://www.vancouversun.com/homes/Rise+building+permits+reflects+sense+optimism+builders/8505980/story.html#ixzz2VxEVgPpA

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Vancouver Canada News PNE Concerts 2013 List

JUNE 11, 2013
Posted by  | 2 Comments

One of the PNE’s annual highlights is the favourite Summer Night Concert acts on the WestJet Concert Stage at the PNE Amphitheatre. Once again the PNE has something for everyone, not sure if the acts are a big enough draw to help the fairs struggling attendance.

 

PNE Concerts 2013 Schedule and Lineup

Melissa Etheridge Live
August 17, 2013

THE JACKSONS: UNITY TOUR 2013
August 18, 2013

Dean Brody
August 20, 2013

Great Big Sea
August 21, 2013

Colin James
August 22, 2013

The Beach Boys
August 23, 2013

Sam Roberts Band
August 24, 2013

Corb Lund & the Hurtin’ Albertans
August 25, 2013

FOREIGNER
August 27, 2013

The Proclaimers
August 28, 2013

BIG WRECK
August 29, 2013

Pandora Jewelry Presents: Martina McBride One Night Tour 2013
August 30, 2013

REO Speedwagon
August 31, 2013

Lights
September 1, 2013

Loverboy
September 2, 2013
All concerts are FREE with gate admission but super fans looking for reserved seating will have the opportunity to purchase a limited number of reserved seats in the new WestJet Fan Zone. Reserved seats start at just $15* and can be purchased online starting June 14, or on-site from the ticket booth located outside the venue entrance within the fairgrounds.

*Tickets (incl. GST) $15 or $20 (service charges additional). Reserved seat tickets do not include Fair Gate admission.

 

From VAN City Buzz

http://www.vancitybuzz.com/2013/06/pne-concerts-2013-list/

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If you decide to rent your home, the decision will not be an easy one, especially if you have no experience in it. You may think that renting out means placing an ad in the local newspaper or listing your home on a website. However, there is more to renting than this. 

Here are some tips that will help you prepare when you decide to rent your home.

What It Means to Be a Landlord - As a landlord, you will be donning many hats simultaneously. You will be the property manager, leasing agent and the handyman. Your life will be busy handling many issues that may arise. You should know how to handle these issues patiently and gently. Some of the issues that you could be faced with include tenants not paying the rent on time, tenant moving out without informing you or tenants having a problem with the neighbors. Sit down and think of all the things that could go wrong and have a plan in place to tackle them. This will prove to be extremely beneficial when the need arises. Some of the things you should be planning for include the type of lease to make, how will you handle a problematic tenant, what are your legal options as a landlord and which professionals can you rely on if a situation with the tenant becomes serious.

Fluid Cash - It is important that you have enough money in your hands to keep your rental going. There will be weeks or months when you do not have tenants, you will have to spend money on regular repairs and maintenance, there could be emergency repairs or you may have to handle damage that is worth more than what your tenant has paid as security deposit. You should have sufficient money to handle these issues without getting stressed out. Furthermore, it is important to know that the rental price is dictated by the size, location and condition of the property. So, if the rent does not cover your mortgage, taxes and insurance, you will need money in hand to bridge the shortfall.

Landlord’s Insurance - Having a landlord’s insurance is important, as it will offer protection if your building gets damaged and prevent financial loss. Hence, switch your insurance from homeowner’s insurance to landlord’s insurance. 

If you do not inform your insurance company that you are no longer living in the property, the insurance company has the rights to deny your claims. This will not happen if you have a landlord’s insurance. Additionally, some insurance providers will cover the losses if you are unable to rent your home due to damage, while others will cover for damage that a tenant causes deliberately. 
Article From Rental Cluster.Com 

http://www.rentalcluster.com/help-resource-center/tips-on-how-to-switch-from-being-a-homeowner-to-a-landlord.html

 

If you do not want a landlord’s insurance, make sure that you at least make an effort to get liability insurance.

Prepping Up Your Home - If you want to get good tenants, you will need to work on your home before you start competing with rental companies and other homeowners. The best way to find out what you need to do is get a home inspection checklist. You can download one from the Internet. Now walk through the house with the list and check all the things that are listed on it. Jot down the condition of each item, including areas of your home that do not pass the inspection.

  • You should first fix foundational or structural damage before you decide to fix other damage. This is because this damage can wreak havoc with your home and will cost you quite a bit if you ignore them now.
  • Test the fixtures around the house to ensure that they are working properly. Make sure that none of the pipes and faucets is leaking anywhere, even in the garden. If they are, repair them. Replace fixtures that are leaking or damaged.
  • Check the light switches and electrical outlets to ensure that they are working properly and there are no signs of damage, like burn marks on the surface.
  • Clean your home thoroughly, right from top to bottom, including closets and cabinets. If required get a professional to wash the carpets. If the carpets are moldy, it may be best to replace them. Remove unwanted things from the house and discard them. If you have wood floors around the house, get them polished or refinished to make the floor gleam and shine. Do not forget the yard and garden. Mow the lawn and trim the hedges. Rake the dry leaves.
  • If the walls inside the house look dull and dirty, paint them in neutral colors to make the interiors brighter and more appealing. Replace worn out or damaged door knobs and handles of doors, cabinets and closets.
  • Open and close the windows and doors around the house to ensure that they are all working properly and can be closed safely. If the frames look damaged, it is time to repair them. This also will make your home more energy efficient. 

Once you have finished all the repairs listed on your checklist, it is time to walk through the house one final time to ensure that you did not miss anything. If you are satisfied, it is time to begin looking for tenants.

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While the number of home sales in Greater Vancouver continued to trend below the 10-year average in May, the balance of sales and listings meant continued market stability this spring.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,882 on the Multiple Listing Service® (MLS®) in May 2013. This represents a one per cent increase compared to the 2,853 sales recorded in May 2012, and a 9.7 per cent increase compared to the 2,627 sales in April 2013.

Last month’s sales were 19.4 per cent below the 10-year sales average for the month, while new listings for the month were 7.4 percent below the 10-year average.

“We’ve seen some steadying trends over the last three months,” Sandra Wyant, REBGV president said. “The number of homes listed for sale has been keeping pace with the number of property sales, leading to a balanced sales-to-listings ratio. This is having a stabilizing influence on home price activity.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,656 in May. This represents an 18.3 per cent decline compared to the 6,927 new listings reported in May 2012 and a 3.7 per cent decline from the 5,876 new listings in April of this year.

The total number of properties currently listed for sale on the MLS® in Greater Vancouver is 17,222, a 3.4 per cent decrease compared to May 2012 and a 2.9 per cent increase compared to April 2013.

The sales-to-active-listings ratio currently sits at 17 per cent in Greater Vancouver. This is the third straight month that this ratio has been above 15 per cent. Previous to this, May 2012 was the last time this ratio was above 15 per cent.

The MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver is currently $598,400. This represents a decline of 4.3 per cent compared to this time last year and an increase of 1.8 per cent compared to January 2013.

Sales of detached properties reached 1,212 in May 2013, an increase of 2.7 per cent from the 1,180 detached sales recorded in May 2012, and a 22.8 per cent decrease from the 1,570 units sold in May 2011. The benchmark price for detached properties decreased 5.2 per cent from May 2012 to $917,200.

Sales of apartment properties reached 1,136 in May 2013, a decline of 1.7 per cent compared to the 1,156 sales in May 2012, and a decrease of 7.5 per cent compared to the 1,228 sales in May 2011. The benchmark price of an apartment property decreased 3.7 per cent from May 2012 to $365,600.

Attached property sales in May 2013 totalled 534, an increase of 3.3 per cent compared to the 517 sales in May 2012, and a 7.8 per cent decrease from the 579 attached properties sold in May 2011. The benchmark price of an attached unit decreased 3.2 per cent between May 2012 and 2013 to $454,900.

Download May 2013 statistics here.

Tuesday, June 4, 2013
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You’ve been saving for awhile, weighing your options, looking around casually.  Now you’ve finally decided to do it—you’re ready to buy a house.  The process of buying a new home can be incredibly exciting, yet stressful, all at once.  Where do you start?

 

It is essential you do your homework before you begin.  Learn from the experiences of others, do some research.  Of course, with so many details involved, slip-ups are inevitable.  But be careful:  learning from your mistakes may prove costly.  Use the following list of pitfalls as a guide to help you avoid the most common mistakes.

 

  1. Searching for houses without getting pre-approved by a lender:

 

Do not mistake pre-approval by a lender with pre-qualification.  Pre-qualification, the first step toward being pre-approved, will point you in the right direction, giving you an idea of the price range of houses you can comfortably afford.  Pre-approval, however, means you become a cash buyer, making negotiations with the seller much easier. 

 

  1. Allowing “first impressions” to overly influence your decision:

 

The first impression of a home has been cited as the single most influential factor guiding many purchasers’ choice to buy.  Make a conscious decision beforehand to examine a home as objectively as you can.  Don’t let the current owners’ style or lifestyle sway your judgment.  Beneath the bad décor or messy rooms, these homes may actually suit your needs and offer you a structurally sound base with which to work.  Likewise, don’t jump at a home simply because the walls are painted your favourite colour!  Make sure you thoroughly the investigate the structure beneath the paint before you come to any serious decisions. 

 

  1. Failing to have the home inspected before you buy:

 

Buying a home is a major financial decision that is often made after having spent very little time on the property itself.  A home inspection performed by a competent company will help you enter the negotiation process with eyes wide open, offering you added reassurance that the choice you’re making is a sound one, or alerting you to underlying problems that could cost you significant money in both the short and long-run.  Your Realtor can suggest reputable home inspection companies for you to consider and will ensure the appropriate clause is entered into your contract.

 

  1. Not knowing and understanding your rights and obligations as listed in the Offer to Purchase:

 

Make it a priority to know your rights and obligations inside and out.  A lack of understanding about your obligations may, at the very least, cause friction between yourself and the people with whom you are about to enter the contract.  Wrong assumptions, poorly written/ incomprehensible/ missing clauses, or a lack of awareness of how the clauses apply to the purchase, could also contribute to increased costs.  These problems may even lead to a void contract.  So, take the time to go through the contract with a fine-tooth comb, making use of the resources and knowledge offered by your Realtor and lawyer.  With their assistance, ensure you thoroughly understand every component of the contract, and are able to fulfill your contractual obligations.

 

  1. Making an offer based on the asking price, not the market value:

 

Ask your Realtor for a current Comparative Market Analysis.  This will provide you with the information necessary to gauge the market value of a home, and will help you avoid over-paying.  What have other similar homes sold for in the area and how long were they on the market?  What is the difference between their asking and selling prices?  Is the home you’re looking at under-priced, over-priced, or fair value?  The seller receives a Comparative Market Analysis before deciding upon an asking price, so make sure you have all the same information at your fingertips.

 

  1. Failing to familiarize yourself with the neighbourhood before buying:

 

Check out the neighbourhood you’re considering, and ask around.  What amenities does the area have to offer?  Are there schools, churches, parks, or grocery stores within reach?  Consider visiting schools in the area if you have children.  How will you be affected by a new commute to work?  Are there infrastructure projects in development?  All of these factors will influence the way you experience your new home, so ensure you’re well-acquainted with the surrounding area before purchasing.

 

  1. Not looking for home insurance until you are about to move:

 

If you wait until the last minute, you’ll be rushed to find an insurance policy that’s the ideal fit for you.  Make sure you give yourself enough time to shop around in order to get the best deal.

 

  1. Not recognizing different styles and strategies of negotiation:

 

Many buyers think that the way to negotiate their way to a fair price is by offering low.  However, in reality this strategy may actually result in the seller becoming more inflexible, polarizing negotiations.  Employ the knowledge and skills of an experienced realtor.  S/he will know what strategies of negotiation will prove most effective for your particular situation. 

 

http://thethorntongroup.ca/featured-real-estate-tip.html

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I have listed a new property at 3557 Kennedy ST in port coquitlam.
Foreclosure. All offers subject to court approval. Attention Builders and Renovators. Large lot with lane access. The interior has extensive water damage. Great Port Coquitlam location close to amenities and transportation. "As is Where is"
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Mystery buyer snags 14-room, two-floor penthouse condo

The penthouse at Vancouver's Fairmont Pacific Rim has sold for $25 million, making it one of the most expensive condos ever sold in Canada, CBC News has learned.

The 6,400-square-foot condo was listed for $28.8 million and was on the market for 650 days.

The two-storey property has 14 rooms, including four bathrooms and three bedrooms, a gym, open courtyard, library, as well as a rooftop terrace overlooking Coal Harbour and the North Shore Mountains.

Penthouse One will cost the new owners $68,000 a year in taxes and $4,200 a month in condo fees.

The condo has 14 rooms, including four bathrooms and three bedrooms. The condo has 14 rooms, including four bathrooms and three bedrooms. (MalcolmHasman.com)

The last time the penthouse sold was in April 2010 for $17 million. The interiors have just been done by Vancouver designer Robert Bailey.

The listing agent, Malcolm Hasman, refused to say who the buyers are or to confirm the price. However, sources tell the CBC that members of a wealthy Middle Eastern family were in town last week to look at properties in Vancouver.

The new owners did not just buy the penthouse at the Fairmont, but at least one other property as well, sources said.

Other properties may have sold for more in private sales, but industry sources say this is the highest priced condo to be sold on the multiple listing service (MLS).

 

video http://www.cbc.ca/news/canada/british-columbia/story/2013/06/03/bc-vancouver-most-expensive-condo.html?cmp=rss&utm_source=twitterfeed&utm_medium=twitter 

 


CBC News 

Posted: Jun 3, 2013 7:55 PM PT 

Last Updated: Jun 3, 2013 7:50 PM PT 

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