Posted on
April 29, 2016
by
Emma Van de Wetering
Congratulations to our lucky sellers at 2301-2077 Rosser Avenue Burnaby! We achieved the highest selling price EVER in the history of the building, for any non-penthouse suite.
Our marketing has generated so much interest we need more condo's to sell at Vantage.
Posted on
April 28, 2016
by
Emma Van de Wetering
We have just listed a property at 103 1690 AUGUSTA AVE in Burnaby.
Welcome to Augusta Grove, located in North Burnaby, steps away from transit, schools, shopping, and golf course. This is first floor not ground level, very spacious and well laid out 1 bedroom. Newer laminate, baseboard and bright. South facing balcony looks over spacious grounds. Building upgrades include water lines repiped and partial reroof. Great first timer or investor.
Posted on
April 28, 2016
by
Emma Van de Wetering
We have just listed a property at 106 1655 GRANT AVE in Port Coquitlam.
Excellent value in this one bedroom and den ground floor unit in The Benton. Located on the North side of PoCo, walking distance to all levels of schools, transit, rec facilities and hiking trails. Excellent and large over sized kitchen and place for table in the eating area. Good sized rooms, very spacious and well maintained suite. Building has newer roof, rec facility and is well managed.
Posted on
April 19, 2016
by
Emma Van de Wetering
We have just listed a property at 2301 2077 ROSSER AVE in Burnaby.
Welcome to "Vantage" by Bosa, a stunning contemporary luxury glass & concrete high-rise! This spacious NE CORNER suite has an open concept floor plan, with 9 ft ceilings, 2 brms & 2 baths separated for privacy, over 1100sqft, quality finishing, & spectacular 180 degree city and mountain views! Gourmet kitchen w/Quartz counters, & stainless appliances. You will LOVE the covered balcony for entertaining, with views from downtown Van to Capitol Hill. AMAZING building amenities include fitness centre, social lounge with outdoor fire pit, sauna, hot tub, 3 elevators & 24 hour concierge. Central location, Solo neighbourhood by Whole Foods, BC Liquor store, & steps to Brentwood Town Centre, sky train, bus routes & great restaurants. Includes 1 pkg & locker & Warranty. Open April 23 & 24, 2-4pm.
Posted on
April 19, 2016
by
Emma Van de Wetering
Please visit our Open House at 2301 2077 ROSSER AVE in Burnaby.
Open House on Saturday, April 23, 2016 2:00 PM - 4:00 PM
Welcome to "Vantage" by Bosa, a stunning contemporary luxury glass & concrete high-rise! This spacious NE CORNER suite has an open concept floor plan, with 9 ft ceilings, 2 brms & 2 baths separated for privacy, over 1100sqft, quality finishing, & spectacular 180 degree city and mountain views! Gourmet kitchen w/Quartz counters, & stainless appliances. You will LOVE the covered balcony for entertaining, with views from downtown Van to Capitol Hill. AMAZING building amenities include fitness centre, social lounge with outdoor fire pit, sauna, hot tub, 3 elevators & 24 hour concierge. Central location, Solo neighbourhood by Whole Foods, BC Liquor store, & steps to Brentwood Town Centre, sky train, bus routes & great restaurants. Includes 1 pkg & locker & Warranty. Open April 23 & 24, 2-4pm.
Posted on
April 17, 2016
by
Emma Van de Wetering
We have just listed a property at 414 630 CLARKE RD in Coquitlam.
Nicely updated TOP FLOOR apartment, on the cool side of the building with partial views of the North Shore Mtns. Features new espresso laminate floors throughout, granite countertops, new stainless fridge and stove, new fixtures, and updated bathroom. Generous room sizes, and large balcony. Great location, only steps to revitalized area of Burquitlam Plaza, future Evergreen Line Station, and shopping. Adult bldg 19+ age limit. No pets. Rentals allowed. Smoking restrictions.
Posted on
April 12, 2016
by
Emma Van de Wetering
Brokers concerned about real estate offers made with no conditions
FRANCES BULA
VANCOUVER — Special to The Globe and Mail
Published Monday, Apr. 11, 2016 9:55PM EDT
Last updated Tuesday, Apr. 12, 2016 9:35AM EDT
The breakneck speed of real estate transactions in British Columbia has some brokers so concerned, they are suggesting agents have clients sign a form spelling out that they understand the risks when offers are made with no conditions.
Sotheby’s International Realty has sent a notice to its agents with a new form asking for official client acknowledgment that there could be serious consequences to an offer that includes nothing that makes the purchase subject to financing or property inspection.
“Something I’m concerned about is a bank then saying, ‘I’m sorry, we’re not going to appraise the property for that price,’” said Polly Cordwell, Sotheby’s managing broker, who drafted the new form.
People who can’t get financing risk losing their substantial deposits. They could also get sued.
Ms. Cordwell said close to 100 per cent of the buyer offers that the agency is seeing lately – as prices have spiralled to unheard-of heights, not just in Vancouver but throughout the region – are being made without conditions.
The Sotheby’s form asks buyers to recognize that “lenders may not approve financing if the property appraisal, conditions of the lands or building or any other factor pertaining to the property is not acceptable to the lender, even if a financing pre-approval has been obtained.”
It also warns them that making an offer without a building inspection could lead to unexpected and expensive repairs later
Dustan Woodhouse, a mortgage broker who mainly serves clients in the Tri-Cities area, said he had eight sets of clients in the first half of last week who all wanted to make subject-free offers.
He said he’s just finished talking to a lawyer about a similar form warning them about the risks.
“I am contemplating an indemnification agreement to make it crystal clear that at no time can I ever possibly advise any client that they are 100-per-cent safe to go subject-free,” he said. “The greatest danger in the market is the consumer walking around with a ‘pre-approval’ and failing to understand that it is little more than a ratehold.”
Although Mr. Woodhouse is doing well financially in the current market, he said he thinks the region’s real estate market has become dangerous. “These are very problematic conditions right now. I do not like this market, I do not believe this market is healthy. A little more rational behaviour would be nice.”
The Mortgage Brokers Association of B.C. is not yet seeing a stampede of brokers toward new forms advising buyers of risk. But CEO Samantha Gale said she is definitely hearing concerns from the association’s 1,500 members – who are among the province’s 3,200 brokers – about the high number of offers they’re seeing that are subject-free and have unrealistic completion dates.
None of those contacted by The Globe and Mail has yet heard of a bank or credit union turning down a buyer because the offer is deemed to be much higher than the value of the property. That’s largely because, as prices keep rising, an offer that is far above the official assessed value is still being considered as reasonable in current market conditions.
“But it’s something we need to be aware of as a possibility,” Ms. Cordwell of Sotheby’s said.
Realtor Ian Watt said the region is “overdue” for some fallout from the no-condition offers.
“We know somebody’s going to get sued.” It won’t happen immediately, as long as the market is hot, he said, but as soon as there’s a slight downtown, that will become a possibility.
The region is going through one of the most unusual bursts of spiralling prices that many people in the real estate industry can remember. Until a few months ago, the stories of skyrocketing prices, sales for hundreds of thousands over asking and no-subject offers were largely confined to certain hot spots, such as the west side of Vancouver and the North Shore.
http://www.theglobeandmail.com/real-estate/vancouver/brokers-concerned-about-real-estate-offers-made-with-no-conditions/article29603246/
Posted on
April 11, 2016
by
Emma Van de Wetering
We recently listed and sold this lovely condo for over asking price. Congratulations to our happy sellers!
http://emmavw.com/mylistings.html/listing.r2032554-2966-silver-springs-boulevard-coquitlam-v3e-3s1.54628423
Posted on
April 11, 2016
by
Emma Van de Wetering
Another record setting sale over asking price! Contratulations to our sellers!
http://emmavw.com/mylistings.html/listing.r2046487-3241-dunkirk-avenue-coquitlam-v3e-1g8.55571043
Posted on
April 11, 2016
by
Emma Van de Wetering
Just sold our happy buyers into 2528 Maple Street Vancouver. Congrats on your awesome new home!
http://emmavw.com/mylistings.html/listing.r2042683-307-2528-maple-street-vancouver-v6j-0b4.55686199
Posted on
April 11, 2016
by
Emma Van de Wetering
Congratulations to our happy sellers!
http://emmavw.com/mylistings.html/listing.r2050140-1341-grover-avenue-coquitlam-v3j-3g3.55881948
Posted on
April 5, 2016
by
Emma Van de Wetering
|
March sales set an all-time record
Metro Vancouver home sales eclipsed 5,000 in March for the first time on record.
Residential property sales in the region totalled 5,173 in March 2016, an increase of 27.4 per cent from the 4,060 sales recorded in March 2015 and an increase of 24 per cent compared to February 2016 when 4,172 homes sold.
Last month’s sales were 56 per cent above the 10-year sales average for the month.
"March was the highest selling month the REBGV has ever recorded,” Dan Morrison, REBGV president said. “Today's demand is broad based. Home buyers are active in neighbourhoods across our region."
New listings for detached, attached and apartment properties in Metro Vancouver totalled 6,278 in March 2016. This represents an increase of 5.2 per cent compared to the 5,968 units listed in March 2015 and an 8 per cent increase compared to February 2016 when 5,812 properties were listed.
The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 7,358, a 40.5 per cent decline compared to March 2015 (12,376) and a 0.8 per cent increase compared to February 2016 (7,299).
“Strong job and economic growth in our province, positive net migration and low interest rates are helping to drive this activity," Morrison said.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $815,000. This represents a 23.2 per cent increase compared to March 2015.
Sales of detached properties in March 2016 reached 2,135, an increase of 24.8 per cent from the 1,711 detached sales recorded in March 2015. The benchmark price for detached properties increased 27.4 per cent from March 2015 to $1,342,500.
Sales of apartment properties reached 2,252 in March 2016, an increase of 38.4 per cent compared to the 1,627 sales in March 2015.The benchmark price of an apartment property increased 18.8 per cent from March 2015 to $462,800.
Attached property sales in March 2016 totalled 786, an increase of 8.9 per cent compared to the 722 sales in March 2015. The benchmark price of an attached unit increased 20.1 per cent from March 2015 to $589,100.
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