I just finished uploading this House for sale, 1134 12TH Ave E, Vancouver East, British Columbia
A great investment property. Completely renovated, character home on large duplex lot. A rental income $4,650/month. Now that's a great deal. It comes with 9 bedrooms, 4 baths, 2 kitchens, and 2 laundries. It's a central location. Do not take too long to arrange your appointments. It won't last. Open for offers. A must see. A rental income for property is $4,650 per month.
Call us to book your own private showing.I just finished uploading this Condo for sale, 605 1330 HORNBY Street, Vancouver West, British Columbia
Investor, 1st time buyer alert. It doesn't get better than this. This is the nicest studio I have seen in years. $25,000 reno including S/S appliances including microwave, new kitchen, designer tile, under cupboard lighting, walnut coloured engineered bamboo, new floor tile, new bathroom, everything is new. Great breakfast bar, nice eating area, separate area for bed, bay window, nice 45 sq ft balcony, west facing for nice sunsets, storage locker (3' x 6' x 8'). Concrete building, well maintained. Plumbing, roof and parkade resurfacing done, 5 washers, 5 dryers. No rental restrictions. Floor specific fobs for great security. Sorry no pets.balcony of 45 sq ft is not included in measurements.
Please call us to arrange a private showing of this great starter-home or investment property in Vancouver BC, 604-970-0393, Roland
HST uncertainty blamed for 5.9-per-cent drop, but metropolitan area sees 23-per-cent hike
By Brian Morton, Vancouver Sun Comments (4)
VANCOUVER - Housing starts were down in B.C. in February, with uncertainty over the HST being blamed for part of the problem.
"I'm not surprised the starts are down, but I'm surprised they're down that much," M.J. Whitemarsh, CEO of the Canadian Home Builders' Association of B.C., said in an interview Tuesday after the Canada Mortgage and Housing Corp. released a report showing starts were down 5.9 per cent in February to 24,100 on a seasonally adjusted basis.
"One of the things that's impacting housing starts is uncertainty over the HST," she said of the controversial tax, which will go to referendum this year. "People are holding off either buying new houses or even doing renovations because [the HST] may be gone. It's stifling consumer confidence.
"And if people aren't purchasing, builders aren't building."
According to figures released by CMHC, home construction across Canada edged up more than expected in February, but those gains are unlikely to be matched in the coming months as tighter-mortgage rules and higher-lending rates could begin to dampen building activity.
CMHC said the seasonally adjusted annual rate of housing starts was 181,900 units during the month, led mainly by condominium construction in Ontario and the Prairie provinces.
Although housing starts were down 5.9 per cent in B.C., there were differences around the province, with Metro Vancouver much stronger than other areas.
"For the first two months of the year, Vancouver housing starts are up 23 per cent [compared to January and February 2010]," CMHC's regional economist Carol Frketich said in an interview. "That reflects a stronger resale market in [Metro Vancouver]. Also, Vancouver has had stronger job creation than the rest of the province."
Frketich said urban B.C. starts were also up 5.1 per cent for the first two months of 2011 compared to last year, but fell in February.
"The numbers can fluctuate from month to month," said Frketich, adding that the results reflect CMHC's forecast.
CMHC noted there were 1,414 housing starts in the Vancouver CMA in February, a slight increase from the same month a year ago, with strength in multiple unit housing starts in Richmond, Coquitlam and Surrey accounting for most starts.
Greater Vancouver Home Builders' Association president and chief executive officer Peter Simpson noted in an interview that there were 2,850 housing starts in Metro Vancouver for the first two months of 2011, compared to 2,319 in the same period in 2010.
"We've certainly come a long way from the dark days of 2009," he said. "We're going in the right direction."
The Abbotsford CMA had 25 housing starts in February, down slightly from 37 starts during the same month a year ago.
"Canadian residential construction activity appears to be stabilizing at a level consistent with underlying demographic demand," said BMO Capital Markets economist Robert Kavcic.
"In the quarters ahead, home sales could be challenged by higher mortgage rates and shorter amortizations, which will eventually weigh on starts, but the maturing economic recovery should help," he added.
On Monday, Statistics Canada reported the value of building permits fell unexpectedly in January due to weaker residential and non-residential activity.
The agency said permits were down 5.1 per cent to $5.4 billion during the month.
with Postmedia News
© Copyright (c) The Vancouver Sun
Vancouver's Casa Mia, an iconic heritage home on Marine Drive, is on the market for $10.5 million. But here are five homes in Vancouver and nearby cities that are even pricier than the heritage home.
OTTAWA — Canadians remain confident about the housing scene despite the prospect of a slowing market, according to survey results released Wednesday.
An annual home-ownership survey from Royal Bank of Canada showed 90 per cent of Canadians are confident in the country's real estate market. Among homeowners, 85 per cent feel they are doing a good or excellent job of paying off their mortgage.
This comes shortly after the Canadian Real Estate Association forecast a 1.6 per cent decline in listed home resales this year, and a slight 1.3 per cent rise in the average price. That compares to average price gains of about seven per cent since 2000.
Almost three-quarters of respondents in the RBC poll said they are well positioned to withstand a decline in the housing market.
"Canadians believe in the long-term benefits of owning a home, including the value it can provide, both personally and as a long-term investment," said Marcia Moffat, RBC's head of home-equity financing.
Twenty-nine per cent of survey respondents said they intended to buy a home within the next two years. That was down two percentage points from the same survey a year earlier, but still the second highest level of intent since 2006.
Among those who own a home, 69 per cent said their home has risen in value over the last two years. That's up five points from responses this last year.
Asked what was their biggest concern about buying a home, 26 per cent cited rising prices and 22 per cent picked increasing mortgage rates.
The survey results were based on Internet surveys of 2,103 people conducted by Ipsos Reid between Jan. 12 and 17. The results are considered representative of the population within 2.2 percentage points, 19 times out of 20.
Twitter.com/derekabma
© The Financial Post
Testimonial for Roland Kym, Right Priced Realty
Our biggest fears were not being able to sell our property quickly enough for our needs.
We hired Roland with the hopes our place would sell quickly. Roland solved our fears by immediately putting together an amazing marketing plan in which we have never witnessed before by a real estate agent. Our favorite part was the black, leather binder that holds all of our important information pertaining to our property so that our papers would never be misplaced.
Roland kept us informed through regular updates via email, written reports, phone calls, and text messages. Roland is very up to date in his communications.
The selling systems helped us to sell our place quickly as Roland has a unique way of displaying the for sale sign which includes pictures of our property. Also, Roland has our for sale information on water bottles and packaged home- made cookies.
Roland always assured us that our place would sell and that the right buyer will come along. Roland worked very hard and had several open houses. We feel we were taken care of from beginning to end.
We were very happy with Right Priced Realty and have already recommended them to our friends.
Sincerely
Jennifer and Todd Gilchrist
Recently we sold this 7466 ELWELL Street, Burnaby South, British Columbia.
This was a foreclosure listing and the eventual buyers had to compete against 7 other offers at court approval time to buy this great home & investment.
[MLS®#: V858010] Immaculate & tasteful, this 3 bedroom and 2.5 bathroom, 1/2 duplex features a very private patio, enclosed deck, maple cabinet, granite counter tops, laminate floor in living room & dining room. Gas fireplace, high ceilings with a fantastic curb a... Read More
According to a new three-year forecast released by Central 1 Credit Union, things are on their way up in B.C- led primarily by an upstart of activity and higher prices in Metro Vancouver.
Additionally, they predict that the median price in B.C. is set to break a new record this year- $ 402,000.
The forecast states that total home sales will increase to 95,500 units- coming back from a from a 10.5 % decline from 2010.
There will be more growth in coming as well; they forecast an additional 2% in 2012, and a surge of 15% the following year.
Despite all of these promises of upward momentum, there is expectation that the highs seen in the last decade are not likely on the horizon.
““Even after those gains, sales will be below the levels we saw from 2002 to 2007,” said Central 1 economist Bryan Yu. “Low, but rising, interest rates and tighter mortgage insurance rules will restrict sales for the next few years.”
They expect that there will be a rush to market early this year, in advance of the introduction of Jim Flaherty’s mortgage restrictions, which will take effect later this month.
“Metro Vancouver will observe the strongest uptick in early-year activity, given the higher proportion of local buyers and higher prices in those areas,” added Yu.
Talking exclusively to Propertywire.ca, Jay McInnes, Sales Agent, Macdonald Realty, supports the belief that Metro Vancouver will be a major driver of upwards movement in the Real Estate market, “Yes, I definitely agree that the largest increase will come to the Metro Vancouver area. I believe this because the vast majority of the "big money" coming into B.C from foreign investors and landing immigrants is going directly into the Metro Vancouver core now, as it has been for years.”
“This is emphasised with the high-end investors who will be purchasing high end condominiums throughout specific neighbourhoods of Downtown Vancouver -and also with the high-end investors looking at detached homes, going to the Vancouver West side neighbourhoods looking for the prestige and the top of the line public & private school systems.”
Central 1 expects that there will be continued weakness in Okanagan, the Kootenays and parts of Vancouver Island , due to “weaker demand conditions in 2011 as mortgage rates rise and buyers remain hesitant to make discretionary and luxury purchases.”
Source: Property Wire.ca
Remodelled 6 bdrm, 4 bath bungalow in 2009! New roof, windows, kitchens & baths up & down! New hot water tank, new warm colours, stone facing & covered patio! H/W floors in large living space, 2 pce ensuite, electric F/P. This home is a winner, steps to everything.
I just sold this House at 986 10TH Ave E, Vancouver East, British Columbia Mount Pleasant VE.
Very solid and well maintained 3 level home in prime Mount Pleasant with amazing street appeal! 5 bedrooms with mortgage helper downstairs. Beautifully landscaped with large covered sundeck in private south-facing backyard. Central location, minutes to downtown, Chinatown, Commercial Drive, Main Street and the seawall! RT-5 zoning allows for duplex View this recently sold House or see all my home sales
I just sold this Condo over Asking at 305 570 8TH Ave E, Vancouver East, British Columbia Mount Pleasant VE. We had a great market response to this large 2-bedroom apartment.After completing a strong listing & marketing plan, our strategy paid off and we received multiple offers after our first weekend of open houses. Call me to list your home or help work with you to find a similar buying opportunity for you, 604-970-0393
View this recently sold Condo or see all my home sales
We are proud to announce that this Mar 20th, 1:00 PM to 4:00 PM we will be hosting an Open House at 7360 CORONADO Drive in the Montecito neighborhood, Burnaby North. This is an opportunity to visit this excellent Townhouse for sale in beautiful Montecito.
Please come with any questions you may have. In the meantime you can take a virtual tour of this Montecito Townhouse for sale.
As always please do not hesitate to give me a call at 604-737-8865 if I can answer any questions before the open house, or if you would like to book a private showing.
Roland Kym
Remax Select Properties
To whom it may concern:
We have recently sold our home with the assistance of Roland Kym. He listed, marketed and successfully sold our home at the intended price. Roland was professional, knowledgeable, available, and extremely patient. We felt that our interests were being met and looked after above all else, which is refreshing and comforting in such a competitive industry. His methods were innovative and he had some creative aspects to his marketing. We now look forward to working with Roland in finding that special home that we intend to purchase in the near future. We will not hesitate in recommending his services to our friends.
Thank you Roland,... keep up the good work!
Ciro and Fernanda Gentile
The Canadian housing market is showing several serious signs of stress, but Bank of America Merrill Lynch says there’s no reason to believe values are set for a sharp dive.
“Valuation metrics are clearly stretched, but the usual symptoms of a tipping point are simply not there,” according to a report authored by economists Sheryl King and Ryan Bohren.
“Speculation is low, price expectations are cautious, home building is not excessive and most importantly the economy continues to expand steadily.”
The resale housing market has been strong through the first half of the year.
The Canadian Real Estate Association will release its national resale numbers for February Tuesday, and is expected to show stronger than usual activity as buyers continued to take advantage of record low interest rates.
(There are also some who believe buyers bought in February to secure 35-year amortizations on their mortgages, which are no longer available as of mid-March.)
The report said the structure of the Canadian mortgage market makes a U.S.-style crash unlikely, and listed four key reasons the market is unlikely to tank:
The report also outlined reasons Canadians should be concerned about rising prices (don’t worry, a list of reasons why not to worry follows):
As promised there are three reasons to believe the market won’t crash:
Canadian home sales as a percentage of housing stock remains below the 10-year average, “suggesting the turnover is not excessively speculative."
Housing starts in 2009 and 2010 have averaged around 160,000, “just below the natural formation rate of around 170,000."
“Most importantly – economic conditions in Canada continue to improve. The employment levels are above pre-recession levels, wages are growing and financial conditions remain very easy.”
Source: The Globe and Mail
I just finished uploading this Townhouse for sale, 7360 CORONADO Drive, Burnaby North, British Columbia
This is an upper unit, bright & spacious, 3 bedroom + den, 2 level townhouse overlooking tranquil greenery, in popular Villa Montecito complex. Featuring storage, in-suite laundry, parking, 2 bathrooms and an open floor plan. Enjoy the community and amenities, including outdoor entertaining areas, outdoor pool, children's play area and just steps to golf courses, schools, shopping, parks and much more! Please see REALTORS website for further information.
Call us for a private showing of this great home, 604-970-0393
We had an extremely successful two open houses on the past weekend and received multiple offers Sunday night. Please call us if you are interested in this property as there are several other listings that are just as great and easy to show you, 604-970-0393
I just finished uploading this House for sale, 986 10TH Ave E, Vancouver East, British Columbia
Very solid and well maintained 3 level home in prime Mount Pleasant with amazing street appeal! 5 bedrooms with mortgage helper downstairs. Beautifully landscaped with large covered sundeck in private south-facing backyard. Central location , minutes to downtown, Chinatown, Commercial Drive, Main Street and the seawall! RT-5 zoning allows for duplex. FIRST SHOWING AT OPEN HOUSE: SUNDAY, MAR 6TH, 1-3 PM.
This is a great, well-kept home in an up and coming area with a mortgage helper... On a standard lot that allows for great further development.Please call us for your own private showing, 604-970-0393
