FACT: 23% of Canadian Mortgage holders will choose to increase their mortgage payments amount?: Mortgage Association
Wednesday, May 30, 2012
Tuesday, May 29, 2012
Open Houses this weekend
3 bedroom Burnaby Townhouse for under $340,000... come and visit our open house this Sunday and grab a snack pack or water bottle.
Monday, May 28, 2012
Check out a brand new listing of a 672sqft 1bedrom for $209,888... We are open this Sunday from 12:00pm to 2:30pm
This is a spacious 1 bedroom apartment, featuring over 670+ sqft in The Capital Hill area - This apartment offers great value in a location that is just a few steps to the public transportation, shops, close to recreation & SFU and so much more. This apartment is on the quite side of the building with a slight city view, it includes in-suite laundry, underground parking, locker and pets are welcome. Enjoy this beautiful home, close to shopping, schools, parks and much more!
http://www.rightpricedrealty.com/ActiveListings.php/Details/249#viewdetail
Sunday, May 27, 2012
$419,000 at 510 2321 SCOTIA Street, Vancouver East, British Columbia,
Off to an inspection for a clients new purchase and then hosting a great open house for a 1 bedroom & Den. Visit me from 2pm to 4pm
http://www.rightpricedrealty.com/OpenHouse.php/Details/243#viewdetail
Thursday, May 24, 2012
Thursday, May 17, 2012
I just finished uploading this Townhouse for sale, 309 3709 PENDER Street, Burnaby North, British Columbia
Worry free rainscreened building! Perched high on Pender St this top floor corner unit has it all! Amazing views from all 3 patios including your own massive rooftop deck. This town home will delight as soon as you kick your shoes off and e njoy the spacious main level with kitchen, powder, living and dining room. The cozy pillowed bay window, gas fireplace and patio off the dining room are great for entertaining. Stroll to the second level where the quiet master bedroom and second bedroom await. Just a few steps to the top and you are standing on your own private roof top deck with unobstructed views of the city
Wednesday, May 16, 2012
I recently helped sell this House at 2980 6TH Ave E, Vancouver East, British Columbia Renfrew VE.
Spacious renovated 3 level house with immaculate views of mountains & city. 3 bedrooms and 2 full bath up. 3 suites with separate entrances (two bachelor suites and one 2 bedroom suite) in basement to help you pay out your mortgage. Situated in a quiet neighbourhood, close to school, T&T supermarket, public transit. Solid built character home with separate 2 car garage
Tuesday, May 15, 2012
Vancouver's Housing Market Could Face Bumpy Landing-BMO
VANCOUVER, BRITISH COLUBMIA--(Marketwire - May 11, 2012) - Vancouver, one of the world's most expensive real estate markets, appears - so far - to be tracking the soft-landing path seen by Calgary and Edmonton in 2008, according to a new report from BMO Economics. However, poor affordability could create a little turbulence.
"The sizzle is coming off the Vancouver housing market," said Sal Guatieri, Senior Economist, BMO Capital Markets. "Resales were down 13.2 per cent year-over-year in April to below normal levels, led by detached properties in the pricey west side. Sales are down about 20 per cent in the first four months of the year from the same period last year."
Mr. Guatieri also noted that rich valuations, with the typical detached home running above $1 million, and tighter lending standards have curbed demand. Moreover, foreign wealth, considered one of the drivers of high-end sales, could be moving to 'less' expensive cities, like Toronto.
The report notes that softer demand, coupled with a rising supply of condos, means sellers no longer have the upper hand, and price growth has moderated. "Buyers are starting to regain control over pricing," continued Mr. Guatieri.
According to the report:
- New homes under construction surged 22 per cent year-over-year in March to well-above normal levels, and are running about 4,000 units faster than annual household formations, suggesting some overbuilding.
- The increase is led by condos, up 28 per cent, which account for three-quarters of new construction.
- The number of newly completed and unoccupied detached homes appears normal; however, the supply of multiple-units is at a 12-year high.
- In the resale market, active listings jumped 16 per cent year-over-year in April, while new listings rose 3.6 per cent and remain moderately above long-term norms relative to sales.
Mr. Guatieri concluded that, because of poor affordability, prices should decline in coming years. While condos remain affordable, the typical house is not, and will become even costlier when interest rates rise, "A price decline would depend on the direction of interest rates and the desire of immigrants and foreign investors to buy into one of the costliest markets in the world. Vancouver's resales account for just 6 per cent of Canadian activity, so a correction should not affect the national economy."
Carolyn Heaney, Mortgage Expert, BMO Bank of Montreal noted that, for many home buyers during the busy spring season, it is important to seek options that will help them make a responsible choice when it comes to how they finance their purchase, "BMO continues to encourage Canadians to choose a mortgage that will allow them to save on interest costs and build equity in their home sooner; one way to do this is by choosing a maximum amortization period of 25 years."
I just finished uploading this Condo for sale, 510 2321 SCOTIA Street, Vancouver East, British Columbia
Take a look at our awesome floor plan, pictures and virtual tour!
http://my-listing.ca/ScotiaStreet2321.html
Stunning 1 and den at the SOCIAL! Fabulous quiet west facing home has an open spacious floor plan and the features all that you could wish for: white granite counters, stainless steel appliances, white subway tiles, chocolate hardwood floors throughout, a west facing balcony, over height ceilings, & finished in warm designer hues. Built by award winning Omni, & just a year old, the Social is one of the SOHO district's finest. There is a roof top patio just down the hall from the suite, a meeting/party room, great gym overlooks the 1st floor gardens, tons of bike rooms, a large storage locker & 2 guest suites. Pets & rentals welcome. Boutique shops, restaurants, downtown, new community centre, & transit all near. Hurry!
Sunday, May 13, 2012
HAPPY MOTHERS DAY!
Wishing all of the mothers out there a very special Mothers Day weekend!!
I hope you are all able to take some time to enjoy the beautiful sunshine, reflect on old memories and create new ones with your cherished family and friends.
In addition to the mothers, I want to thank you to each and every one of you for your continued support of my business.
All the best for a great weekend ahead!
Sincerely, your friend in the real estate business,
Roland Kym
Remax Select Properties
Cell : 604 970-0393
Saturday, May 12, 2012
House at 225 19th Ave E in The Newport on Main in the Main neighborhood, Vancouver.
I am just about to run off to my Main street open house, a great 2 bedroom patio suite at the Newport just in time for summer!
Come by anytime from 2pm to 4pm. Nearby are some great flower shops so that you can buy what you need in preparation for that special lady in your life... Roland
We are proud to announce that this May 13th, 2:00 PM to 4:00 PM we will be hosting an Open House at 225 19th Ave E in The Newport on Main in the Main neighborhood, Vancouver. This is an opportunity to visit this excellent Apartment for sale in beautiful Main.
Friday, May 11, 2012
Feed back on my services from first time buyers
Working with Roland to buy our first home was a total pleasure. As first-time buyers, he was really helpful in walking us through the process and being very available to answer our many questions. He listened to our requirements, and did a great job of suggesting a variety of options that could be a good fit for us. It was really helpful to see what else was available and made us feel very confident in our final choice. He worked hard to negotiate a good deal for us, and helped us set realistic expectations. Even post-purchase, Roland has been a big help, suggesting vendors and answering questions. We would definitely recommend Roland to friends and family!
Lauren & Justin 2012
Wednesday, May 9, 2012
I recently sold this Townhouse at #10- 9833 KEEFER Ave over asking
Westbury Lane, a great complex to call Home in Richmond! This spacious 4-bedroom (large walk-in-closet for the master) & 2.5 bathroom townhouse features a great floor plan with hard surface flooring, granite counter tops, breakfast nook, stainless steel appliances, open kitchen, patio for BBQing & 9' ceilings. Built by Polygon with modern rain screen construction in 2006 and supported by a pro-active 42 unit strata, this excellent townhouse offers great value for home ownership and for rental investment. Move in and you could live just a few minutes to public transit, shopping center and excellent schools. Rentals & Pets allowed with some restrictions.
Tuesday, May 8, 2012
April 2012 saw the fewest monthly sales in more than a decade in Vancouver
The spring housing market has slowed to a crawl in Vancouver, with April seeing the fewest monthly sales in more than a decade and the number of unsold houses piling up.
The Real Estate Board of Greater Vancouver said Wednesday there were 2,799 sales in the region in April, down 13.2 per cent from a year ago and 2.6 per cent lower than a weaker-than-usual March. The spring market is key for buyers and sellers, as families try and arrange summer moves.
It was the lowest for April sales since 2001, and 16.9 per cent below the 10-year average.
Market watchers have expressed concern that the city may be experiencing a bubble, as cheap credit helps push prices higher and families deeper into debt. While the concern is for markets across the country, there is particular worry about Vancouver and Toronto.
Despite the weak sales, prices continue to edge higher in the city. The index the board uses to track prices showed them up 3.7 per cent from a year ago, to $683,800.
The number of new listings increased 3.6 per cent from March. The number of houses for sale is 6.7 per cent above the region’s 10-year average, as sellers look to cash out at what may be the top of the market. There are 16,538 houses for sale in the region, the board said, up 16 per cent from a year ago.
Toronto reports its numbers Thursday, and the Canadian Real Estate Association reports national figures on the 15th of each month.
Monday, May 7, 2012
REBGV Stats April 2012
Greater Vancouver housing market maintains a steady spring pace Home sale and listing activity has maintained a consistent pace on the Multiple Listing Service® (MLS®) in Greater Vancouver in recent months, which has helped create balanced conditions for the region’s housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,799 on the Multiple Listing Service® (MLS®) in April 2012. This represents a 13.2 per cent decline compared to the 3,225 sales recorded in April 2011 and a decline of 2.6 per cent compared to the 2,874 sales in March 2012. April sales were the lowest total for the month in the region since 2001 and 16.9 per cent below the 10-year April sales average of 3,369. “Although April sales were below what’s typical for the month, we continue to see, with a sales-to-active listing ratio of nearly 17 per cent, a balanced relationship between buyer demand and seller supply in our marketplace,” Eugen Klein, REBGV president said. New listings for detached, attached and apartment properties in Greater Vancouver totalled 6,056 in April 2012. This represents a 3.6 per cent increase compared to both March 2012 when 5,843 homes were listed and April 2011 when 5,847 homes were listed for sale on the region’s MLS®. Last month’s new listing total was 6.7 per cent above the 10-year average for listings in Greater Vancouver for April. At 16,538, the total number of homes listed for sale on the region’s MLS® increased 8.5 per cent in April compared to last month and increased 16 per cent from this time last year. “Recent activity has had a stabilizing effect on home prices at the regional level, although pricing can vary depending on area and property type,” Klein said “To best understand conditions within your area of interest, it’s important to do your homework and consult a local REALTOR®.” The MLS® HPI benchmark price for all residential properties in Greater Vancouver currently sits at $683,800, up 3.7 per cent compared to April 2011 and an increase of 2.8 per cent over the last three months. The benchmark price for all residential properties in the Lower Mainland is $612,000, which is a 3.4 per cent increase compared to April 2011 and a 2.6 per cent increase compared to three months ago. Sales of detached properties on the MLS® in April 2012 reached 1,126, a decline of 19.7 per cent from the 1,402 detached sales recorded in April 2011, and a 17.8 per cent decrease from the 1,370 units sold in April 2010. The benchmark price for detached properties increased 6.3 per cent from April 2011 to $1,064,800. Sales of apartment properties reached 1,190 in April 2012, a decline of 0.9 per cent compared to the 1,201 sales in April 2011, and a decrease of 22 per cent compared to the 1,526 sales in April 2010.The benchmark price of an apartment property increased 1.1 per cent from April 2011 to $375,900. Townhome property sales in April 2012 totalled 483, a decline of 22.3 per cent compared to the 622 sales in April 2011, and a 21.6 per cent decrease from the 616 townhome properties sold in April 2010. The benchmark price of a townhome unit increased 1.7 per cent between April 2011 and 2012 to $487,300. copyright© real estate board of greater vancouver. all rights reserved.
I just finished uploading this Townhouse for sale, 3413 LYNMOOR Place, Vancouver East, British Columbia
LISTEN TO THE QUIET! With its extraordinary PARKSIDE location the tranquillity of this beautiful 3 bedroom, 2 bath townhome will captivate you. This immaculately maintained home has been tastefully updated. The living and dining area look out to the landscaped yard and has laminate floors, crown mouldings and real wood burning firepalce. The updated kitchen offers adjoining eating area which fits a table, pantry or computer station. A laundry room with 2 piece bath and a separate pantry complete the lower level. The upper floor has 3 bedrooms, all with views of the park and a spotless full bath. Carport parking with 2 exterior storage rooms. Great memories begin here!
Subscribe to:
Posts (Atom)
