I have sold a property at 905 738 FARROW ST in Coquitlam.

Greg and Colin Have sold ANOTHER HOME!

2 PARKING STALLS!, 2 STORAGE LOCKERS! NEW KITCHEN with granite countertops in 2010! & unobstructed VIEW of southern skyline! The owner has taken out the wall between the kitchen & dining room making for a very bright & open modern floor plan. New kitchen cabinets with soft close hinges, granite countertops, ceramic floor & STAINLESS STEEL appliances in in only 2012! plus a 4x6 pantry cupboard. New laminate flooring thru-out in "12 plank with carpet in the bedrooms. Nice big master bedroom with his & hers double closets & a 4 pce ensuite. 2nd bedroom with double closets & slider to the large 5x19 balcony. Big open living room & dining room with access to BOTH balconies, gas fireplace & tons of windows for lots of natural light. Open both doors & enjoy the cool breeze on those hot summer days. Building re-plumbed in '10! Just move in now!

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I have sold a property at 102 3628 RAE AVE in Vancouver.

Coin Thornton has SOLD another home in VANCOUVER!!

Don't miss this nice bright ground level unit with its spacious open floor plan & large private patio. Recently painted and very clean with laminate floors thru-out. Huge master bedroom with a semi walk in closet & a semi ensuite, 4 pce bathroom with a soakertub. Nice open living room & dining room with a gas fireplace & slider to the large partially covered patio!! Step saver kitchen with raised white cabinets & lots of cupboards & counter space. Amenities include a well appointed gym with updated equipment & sauna. Well located parking spot which is only about 100 ft from the suite itself. Pet friendly building. Excellent location close to Skytrain, parks & shopping. Washer & Dryer do work but are finicky.

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I have sold a property at 15 11934 LAITY ST in Maple Ridge.

GREG AND COLIN HAVE SOLD ANOTHER HOME IN MAPLE RIDGE!

Don't miss this nicely updated 3 bedroom & den home. Connected only by the garage. Huge master bedroom with large walk in closet & 4 pce ensuite with updated cabinets, double vanity, granite counter tops & soaker tub with new surround. Nicely updated main bath with raised white cabinets & granite counter tops. Big open living room dining room with gas Fireplace & slider to patio & private back yard. Beautifully updated kitchen with dark maple cabinets, granite counter tops, island & newer appliances. Main floor has dark, wide plank laminate flooring with new carpeting in the bedrooms & hallway upstairs. Updated powder room with new vanity & glass counter top. New boiler & Hot water tank in 2011. OVER $28,000.00 IN UPGRADES!

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I have listed a new property at 710 7288 ACORN AVE in Burnaby.
Welcome home to the Dunhill Situated in the Highgate area of Burnaby. This Bright home Features a cozy fireplace, formal dining, Huge Master bedroom with ensuite & walk-in closet, floor to ceiling windows, carpeting, ceramic tile in the kitchen, eating area & bathrooms & a HUGE balcony with a GORGEOUS view! BONUSES include: fitness centre, sauna, sophisticated security system, secure underground parking & STORAGE LOCKER. Maint fees include gas & hot water! Enjoy the serenity of a beautifully landscaped neighbourhood - close to every modern convenience! Steps from Save-On Foods, excellent restaurants, banks, medical centres. Patterson Skytrain is walking distance to provide an easy commute to Malls and Downtown Vancouver.
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Last month was the highest selling June, and the second highest overall monthly total, on record for the Real Estate Board of Greater Vancouver (REBGV).

     

 

The REBGV reports that residential property sales in Metro Vancouver* reached 4,375 on the Multiple Listing Service® (MLS®) in June 2015. This represents a 28.4 per cent increase compared to the 3,406 sales recorded in June 2014, and an increase of 7.9 per cent compared to the 4,056 sales in May 2015.

Last month’s sales were 29.1 per cent above the 10-year sales average for the month. It’s the fourth straight month with over 4,000 sales, which is a first in the REBGV’s history. The previous highest number of residential home sales was 4,434, recorded in May 2005.

“Demand in our detached home market continues to drive activity across Metro Vancouver,” Darcy McLeod, REBGV president said. “There were more detached home sales in the region last month than we’ve seen during the month of June in more than 10 years.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $694,000. This represents a 10.3 per cent increase compared to June 2014.

“Housing market activity comes in cycles; we're in an up cycle right now that looks similar to the mid-2000s,” McLeod said. “It would be easy to point to one factor that's causing this cycle, but the truth is that it's a number of different factors.

"Conditions today are being driven by low interest rates, a declining supply of detached homes, a growing population, a provincial economy that's outperforming the rest of Canada, pent-up demand from previous years and, perhaps most importantly, the fact that we live in a highly desirable region," McLeod said.

New listings for detached, attached and apartment properties in Metro Vancouver totalled 5,803 in June. This represents an 8.7 per cent increase compared to the 5,339 new listings reported in June 2014.

"We’re seeing a steady stream of new listings entering the market, but the overall number of homes for sale is not keeping up with buyer demand," McLeod said.

The total number of properties currently listed for sale on the region’s MLS® is 12,181, a 23.9 per cent decline compared to June 2014 and a 1.3 per cent decline compared to May 2015. This is the lowest active listing total for June since 2006.

The sales-to-active-listings ratio in June was 35.9 per cent. This is the highest that this ratio has been in Metro Vancouver since June 2006. A seller’s market typically occurs when this ratio exceeds 20 per cent for a sustained period of time.

“The competition in today’s market means that buyers have less time to make decisions,” McLeod said. “Given this, it’s important to work with your REALTOR® to gain insight into the local market, to get quick access to new MLS® listings, to develop a buying strategy that meets your needs and risk appetite, and to receive other services and protections that come from having professional representation.”

Sales of detached properties in June 2015 reached 1,920, an increase of 31.3 per cent from the 1,462 detached sales recorded in June 2014, and a 74.2 per cent increase from the 1,102 units sold in June 2013. The benchmark price for a detached property in Metro Vancouver increased 14.8 per cent from June 2014 to $1,123,900.

Sales of apartment properties reached 1,774 in June 2015, an increase of 35.6 per cent compared to the 1,308 sales in June 2014, and an increase of 66.1 per cent compared to the 1,068 sales in June 2013. The benchmark price of an apartment property increased 5.3 per cent from June 2014 to $400,200.

Attached property sales in June 2015 totalled 681, an increase of 7.1 per cent compared to the 636 sales in June 2014, and a 44.3 per cent increase from the 472 attached properties sold in June 2013. The benchmark price of an attached unit increased 7.1 per cent between June 2014 and 2015 to $506,900.

Download the June 2015 stats package by clicking here.

 

 Areas covered by Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta. - See more at: http://www.rebgv.org/news-statistics/metro-vancouver-home-buyers-out-force-march#sthash.ktA1M4e1.dpuf

 

The real estate industry is a key economic driver in British Columbia. In 2012, 25,032 homes changed ownership in the Board’s area, generating $1.07 billion in economic spin-off activity and creating an estimated 7,125 jobs. The total dollar value of residential sales transacted throughout the MLS® system in Greater Vancouver totalled $18.6 billion in 2012. The Real Estate Board of Greater Vancouver is an association representing more than 11,000 REALTORS® and their companies. The Board provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org.

For more information please contact:
Craig Munn
Assistant Manager, Communication
Real Estate Board of Greater Vancouver
604.730.3146
cmunn@rebgv.org

- See more at: http://www.rebgv.org/news-statistics/july-home-sale-activity-increases-greater-vancouver#sthash.omrBlAyZ.dpuf

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If you own a car, you know there’s more to the cost-of-ownership than just finance payments and gas. You also need to budget for maintenance and repairs. If your car is older, those costs are going to be higher. That’s just common sense.

 

The same is true of your home. It’s wise to budget for anticipated repairs and maintenance. Otherwise, you might be caught by surprise when you find that your furnace stops working and needs to be replaced. That can easily be a four-figure expense.

 

Experts recommend that you set aside 1% of the value of your home for repairs and maintenance. For a $500,000 property, for example, that would be $5,000. That is, of course, merely a rule of thumb. If your home is older, you may need to budget more.

 

Another recommended method is to budget $1 a square foot. If you have a 2,500 square foot home, that would be a budget of $2,500. Again, that number would need to be higher for older properties.

 

When budgeting, consider things that are getting old and will likely need to be replaced within the next three years. Examples include roof shingles, furnace, A/C unit, deck, fence, plumbing, and windows. Depending on the size and model, a new A/C unit will cost at least $5,000. Anticipating that expense will help you plan accordingly and avoid the shock of an unpleasant and costly surprise.

 

Keep in mind that budgeting $2,000 for repairs and maintenance doesn’t mean you’ll actually spend that money this year. But, if needed, the budget will be there, and that’s peace-of-mind.

 

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There are many reasons why you may need to sell your home quickly: a sudden job relocation; a change in family situation; or perhaps an opportunity to purchase a new home that you just can’t pass up.

 

Whatever the reason, this strategy will help when you need to sell fast. It’s called the “3 Up” strategy.

 

  • Fix it up.
  • Clean it up.
  • Spruce it up.

 

First, you need to fix it up. That simply means getting things repaired around your property, such as a broken floor tile in the kitchen or a sticking patio door that’s difficult to open and close. Maintenance issues like these distract buyers from the appealing qualities of your home. Fortunately, repairs can usually be done quickly.

 

Second, clean it up. Obviously, when your home is clean and tidy it’s going to look its best. You also want to eliminate as much clutter as possible. You don’t need to make every room look like a magazine cover — but that’s a good attitude to have when prepping your home for a quick sale!

 

Finally, spruce it up. That means making any quick improvements that are going to make your home even more appealing. It might mean replacing the kitchen counters or giving the main rooms a fresh coat of paint.

 

Of course, the number one strategy for getting that SOLD sign on your front yard is to select a great REALTOR®.

 

Looking for a great REALTOR®? Call today.

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Finding a real estate agent who is right for you requires doing a little homework, and asking the right questions.  Choosing an agent is a decision that could ultimately cost or save you thousands of dollars.  Keep in mind the individual you choose will be handling almost every maneuver in the biggest financial investment of your life.  Experience, interests, and expertise vary from agent to agent, so you should be asking very specific questions in order to align your own needs with the abilities of an appropriate representative.  Use the following list of questions as a guide to finding the agent that is right for you:

 

  1. How long have you been involved in residential real estate in this area?

 

If the agent hasn’t been connected to the residential real estate market for several years, s/he will be out of touch with the cyclical nature of the current market.

Your agent must be familiar with trends of the local market and have an eye for the ways in which it will change.  This knowledge could mean the difference of thousands of dollars in the long-run. 

 

  1. What is your marketing strategy for my home?

 

A realtor should be able to lay out for you, in detail, a marketing plan to sell your home.  Examine this plan carefully.  How much money does the realtor allot to advertising?  What type of media does s/he use?  S/he should be able to demonstrate the effectiveness of one form of media over another, explaining why his/her particular marketing strategy will sell your home faster and for top dollar.  The realtor should employ current, innovative marketing techniques that indicate creativity and a willingness to market outside of the box.  Stay away from realtors who rely on traditional, dated forms of advertising.  They simply won’t work in the current real estate market.

 

  1. How do you support a buyer throughout the process?

 

A realtor should be able to indicate how s/he will support you through each step of the home-buying or selling process, offering you a unique system to suit your needs and goals.  Also, ask if a specialist will be available at each level of the sale.  Your realtor should always be on hand to answer questions, but the specific resources of an expert can be invaluable during different stages of the process.

 

  1. What other properties has your company sold in my area?

 

The realtor should be able to provide you with a complete, detailed listing of their own sales in your area, as well as other comparable sales.  You should get a clear idea of what you might be able to expect both from the realtor and from the current market.

 

  1. What is your experience with financing options?  How would you suggest I approach my own financing plan?

 

Each buyer requires a different financing strategy.  A realtor should be able to suggest a plan catered specifically to your financial background and needs.  Don’t just depend on your lender for information and guidance on financing a new home.  Let your agent lead the way.

 

  1. On average, how close is the selling price of your listings to their asking price, and how long do they take to sell?

 

You can contact the Real Estate Board to obtain information on the selling record of an agent.  The Board also has statistics on a broader scale, so you can see whether an agent’s selling performance is higher or lower than the board average, and whether s/he tends to sell faster or slower than the board average.  Placing the realtor’s performance on a scale will help you get an idea of how much you might expect your home to sell for, and how long it might take to sell.

 

  1. What is your philosophy/method of negotiation and how will you apply it when selling my home?

 

Your realtor should be able to articulate effective and informed negotiation tactics that demonstrate a commitment to securing the best price for you. 

 

  1. Do you have a reference list of clients I could contact?

 

Do some homework!  Choose a few names on the list and call them.  The stories of others who have gone through the home-selling process can be a valuable source of information.

 

 

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Colin Thornton has sold a property at 1956 Fraser AVE in Port Coquitlam.

COLIN THORNTON HAS SOLD ANTOHER HOME FOR OVER ASKING PRICE !!! IN ONLY DAYS!

 

 

Gorgeous HOME or INCOME PRODUCING property! WELL MAINTAINED & taken care of. UPDATES Include: Main floor; newer kitchen, bathroom, flooring, doors, 2 inch faux wood blinds, light fixtures & appliances in 2008. NEW ROOF in 2008. Recentlypainted Large 11' x 16' sundeck off the kitchen & a 3' x 21' balcony off the bright open living room. There is also a complete 1 bedroom suite down! (permitted suite, City collecting double sewer & water) newer 4 piece bathroom. Nice big kitchen with eating area, big open living room & dining room, huge bedroom & shared laundry. Basement Currently rented for $650/mo + utilities. Upstairs is move in ready! Or rent it for $1,300.00 / mo + utilities! Open House Sat/Sun June 27th & 28th from 1-4pm!

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I have sold a property at 118 2368 Marpole AVE in Port Coquitlam.

Colin Thornton has SOLD Another home!

 

CONGRATULATIONS BRAYDEN AND SONJA ON YOUR NEW HOME TOGETHER!!

 

BEST IN BUILDING... this unit is simply STUNNING inside & out! SPACIOUS 1144sft 2 bed/2bath corner unit with magnificent 600+ sft SE facing patio/yard (8ft above street level) offering complete privacy & security is a haven for you & yourpets (big dogs allowed) Inside features a gourmet kitchen with granite counter, 42' high maple shaker cabinets, stainless steel appliances & laundry room with ample storage space. granite in both bathrooms. 2 parking stalls. Conveniently located within a block to trendy downtown Poco or to the serenity of the river, parks & trails. 

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.