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JUST SOLD 
405 Chesterfield Avenue
North Vancouver
COMPLETELY RENOVATED from top to bottom, this 4 bdrm, 3 bath townhome is virtually new & will not disappoint. The massive roof deck will blow your socks off with its 360 degree views and the location just can not be beat. Steps to Lonsdale Quay yet tucked away in a little complex of only 5 units.
List Price: $629,900 |
JUST SOLD
#101 1513 Bowser Ave
North Vancouver
Get in on the 'ground floor' of this fabulous townhouse! Big dogs! Morning jogs! All the things you didn't think possible in a North Vancouver strata property are awaiting you here at the Illahee, a pet friendly complex sitting on five park-like acres on land in Norgate. Just 10 minutes to downtown and only steps to local shopping.
List Price: $429,000 |
JUST SOLD
 #1602 11 E Royal Ave New Westminster
Stunning 2 Bedroom & Den is ready for you to move in! This unit has a gourmet kitchen with all the bells and whistles. The covered deck is great, with the stunning view of the Fraser River & evening sunsets, the best place in town for a BBQ or just to enjoy the view! BONUS: 2 Parking Stalls!
List Price: $409,900 |
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| Greetings!
The long awaited summer weather has arrived which means fun in the sun and a buyer's market? Outside of a brief downturn in 2008-2009 the market has favoured sellers but this has recently changed. For those buyers who have been waiting for the market to shift in their favour; that time is now. |
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Housing Market Favours Buyers
Vancouver, BC - July 15, 2010. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 23 per cent to 7,722 units in June compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province declined 5 per cent in June from May 2010. The average MLS® residential price climbed 8 per cent to $499,908 in June compared to the same month last year.
"Market conditions have shifted from balanced conditions at the start of the year to a buyers' market this summer," said Cameron Muir, BCREA Chief Economist. In June, there was 9.3 months of supply on the market given current sales activity, up from 5.6 months in January 2010. "Tighter credit conditions for homes with secondary suites and low equity home buyers have moderated consumer demand," added Muir.
Year-to-date, BC residential sales dollar volume increased 31 per cent to $21.4 billion, compared to the same period last year. Residential unit sales rose 17 per cent to 42,343 year-to-date, while the average MLS® residential price climbed 13 per cent to $504,281 over the same period.
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#101 1513 Bowser Ave SOLD in 9 Days!
Despite the changing market there are still great opportunities for sellers to receive good value for their properties quickly. I recently listed #101 1513 Bowser which sold in 9 days! An aggressively marketed home that shows well and is priced sharply will sell quickly. |
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Bank of Canada Increases Rates
The Bank of Canada as suspected has raised its overnight rate by 25 basis points to .75 and the banks will most likely follow by raising prime to 2.75%.
With every 25 basis point increase, you can expect $12-$15 dollars per 100,000.00 in mortgage amount.
This means if you have a 400,000.00 mortgage, your payment will increase by as much $60/month.
The next scheduled date for announcing the overnight rate target is 8 September 2010.
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