Across the road from the West Vancouver mall are great condos located ranging in price mostly between $700K and $3 mil.
Saturday, January 29, 2011
Condos and views near Park Royal Mall in West Vancouver
Across the road from the West Vancouver mall are great condos located ranging in price mostly between $700K and $3 mil.
Tuesday, January 18, 2011
Proposed development surge in BC Place vicinity.
Proposals are before Vancouver Municipality which would see several new developments in the area near BC Place, Flagship, Mariner and Cooper's Lookout and Pointe. - the largest casino in western Canada with two hotel towers - four high rise towers with almost 900 condos Later this year two more developers are expected to bring forward proposals for additional residential units in the area. These proposals are very positive as they signal a high level of confidence in the local economy and the prospect of substantial job creation.
Monday, January 17, 2011
Important mortgage rule changes
Finance minister Jim Flaherty has made changes to the rules governing mortgage financing which will be effective from 18 March 2011 onwards: - the maximum amortization period for high ratio mortgages (in excess of 80% of the property value) has been reduced from 35 to 30 years - maximum loan to value (LTV) of refinances has been reduced from 90 to 85% - maximum financing on HELOC (line of credit products) reduced to 80% LTV There is still some time to buy your new property and complete by 17 March to take advantage of the present mortgage rules. www.christinelouw.com
Tuesday, January 11, 2011
THALIA - another stunning development by James Schouw of "Grace"
In 2013 another architectural masterpiece by James Schouw will complete at the cnr of Cambie and Smithe in downtown Vancouver. THALIA will have twenty eight residential condos on the 5th to 17th floor - mostly priced between CAD 1.1 and 1.6 mil - ranging from 1,275 to 3,200 sq ft (2 bedrooms+den and 3 bedrooms+den) - with 12 foot ceilings, 8 foot doors - geo thermal heating and cooling - and top of the line finishes - exclusive features like a bio metric finger print security system, fully automated parking system (no ramps), a Home Automation System and the use of a Rolls Royce Phantom Sedan as well as bikes.
If you like "Grace" (cnr Richards and Drake) you will love "THALIA" located close to Yaletown restaurants, the Queen Elizabeth theatre and a short walk from the seawall. Pre-sales have started. Please contact me if you are interested in purchasing a condo in impresive THALIA or like to receive additional information. 604 926 3936, christinelouw@shaw.ca www.vancouver-condos.net
Friday, January 7, 2011
West Pender Place in Coal Harbour, Vancouver - completing March 2011
West Pender Place consists of a 36 floor high rise, a 10 floor mid rise and a 5 floor podium and is located at 1409, 1477 and 1499 W Pender Street, Coal Harbour. Completion is scheduled to be end March 2011. All condos have 9 foot ceilings, air conditioning, extra high end finishes (DADA kitchen with German Gaggenau appliances), wide plank hardwood flooring as well as parking, storage, bike storage and video entry phone. The development will have concierges, pool, gym with 13 ft ceiling, guest suite, roof top deck and garden.
The developer's representative informed us that assignments will soon be allowed. If you are interested in buying into this great new development contact me and I will keep you updated and assist you in finding the property that meets your requirements best.
The real estate commission discussion
Should we have buyer's contracts for every buyer as well as the current seller's listing contracts for every seller? And should each contract set out the respective party's commission payment obligation?
Followed a lengthy blog discussion about the premise that sellers should not have to pay to make up for the time Realtors spend without remuneration on "real estate tourists" and "for ever window shoppers". It is up to Realtors to try and recognize this type of buyer before too much time is spent on them but it cannot be totally avoided. Would it not be fair that sellers and buyers each pay for the time spent by Realtors on their behalf? Is it fair that a seller has to pay the commission for someone whose obligation it is not to act in the seller's interest?
Followed a lengthy blog discussion about the premise that sellers should not have to pay to make up for the time Realtors spend without remuneration on "real estate tourists" and "for ever window shoppers". It is up to Realtors to try and recognize this type of buyer before too much time is spent on them but it cannot be totally avoided. Would it not be fair that sellers and buyers each pay for the time spent by Realtors on their behalf? Is it fair that a seller has to pay the commission for someone whose obligation it is not to act in the seller's interest?
Vancouver real estate statistics Jan 2011
The Real Estate Board of Greater Vancouver released its statistics for December 2010.
For the year of 2010
- the number of sales were down 14.2% compared to 2009 and 24.2% up compared to 2008
- the number of properties listed for sale increased by 9.7% compared to 2009 and decreased by 7.3% compared to 2008
- the number of properties listed for sale increased by 9.7% compared to 2009 and decreased by 7.3% compared to 2008
- the 12 month price increase was 2.7%
Stunning Coal Harbour condo with close-in marina and mountain view
402-588 Broughton Street, Coal Harbour Vancouver
Very well priced at CAD 699,900
Impressive newly remodelled 942 sq ft condo with top of the line finishes and wonderful views of marina, mountains and Stanley Park. Steps from the seawall, Urban Fare and Stanley park. Pool, large gym and ample visitor parking in the building. Common areas have recently been remodelled as well. No rental restrictions. Early possession possible. Contact me for information or your private showing at christinelouw@shaw.ca
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