Please visit our Open House at 32947 CLAYBURN RD in Abbotsford.
Open House on Saturday, July 22, 2017 1:00PM - 3:00PM
Best of both worlds - country living but only minutes to town! This 5.85 acre property offers extremely well-kept 4 bed, 4 bath home with a great layout! From beautiful exposed beams, high vaulted ceilings, to the grand floor to ceiling brick fireplace - there's a lot to love here! The main floor offers a cozy sunken living space, with a newer gas fireplace & plenty of windows for natural light. The kitchen has been updated w/ stainless appliances & tile backsplash. The lower level has 2 large bdrms and plenty of entertainment space complete with wet bar, kitchen, and another fireplace. The property has been recently cleared and is ready for your ideas? Plant a crop, use it for horses, or just landscape the space to your liking!
Read Full Story
Please visit our Open House at 1664 HIGHVIEW ST in Abbotsford.
Open House on Saturday, July 22, 2017 2:00PM - 4:00PM
SUBDIVIDABLE LOT! Live now, develop later? This rancher with full basement sits on a huge 90x121 lot! Has been completely updated w/new flooring, paint, interior doors, crown mouldings, baseboards & casings throughout. New kitchen countertop & backsplash too! Updated baths (new vanities, sinks, backsplash, flooring & paint). 3 bedrooms up as well as a Master Bedroom with a 2 pce enste. 2 bed suite below. Best of all the backyard backs onto cul-de-sac on Kirkland offering great privacy! Talk to City about subdivision potential. Open House July 22nd, 2017 1-3pm.
Read Full Story
Please visit our Open House at 3159 TOWNLINE RD in Abbotsford.
Open House on Sunday, July 23, 2017 12:00PM - 2:00PM
Greeted by high ceilings in the foyer you'll love the reno's done in this home! in the kitchen notice the beautiful granite counter-tops & white cabinetry. You'll also notice new paint, flooring, & updated baths! Off the living room, French doors up to your backyard oasis! The level, full fenced yard is full of mature trees and a great place to unwind & offers plenty of space for the kids! Above you'll find 3 beds including a master with a huge covered balcony with views of Mt. Baker, a spacious walk-in closet, and an ensuite bath. Newer roof on this home too! Great location within walking distance to al levels of schools, this home won't last long! Call today to schedule your viewing.
Read Full Story
Please visit our Open House at 36422 ESTEVAN CRT in Abbotsford.
Open House on Sunday, July 23, 2017 1:00PM - 3:00PM
Your search stops here - here's your opportunity to buy a lot and start work immediately! The last view lot left on Falcon Ridge. Enjoy the breathtaking views from all three floors of your new home! Majority of lot prep work already completely - retaining wall is finished and the property has been extensively excavated. Only minor work left to do before you can put down footings. Don't miss this opportunity to build your beautiful home in one of East Abbotsford's most desirable areas. House plans already approved by the City of Abbotsford - call for more details!
Read Full Story
I have listed a new property at 32947 CLAYBURN RD in Abbotsford.
Best of both worlds - country living but only minutes to town! This 5.85 acre property offers extremely well-kept 4 bed, 4 bath home with a great layout! From beautiful exposed beams, high vaulted ceilings, to the grand floor to ceiling brick fireplace - there's a lot to love here! The main floor offers a cozy sunken living space, with a newer gas fireplace & plenty of windows for natural light. The kitchen has been updated w/ stainless appliances & tile backsplash. The lower level has 2 large bdrms and plenty of entertainment space complete with wet bar, kitchen, and another fireplace. The property has been recently cleared and is ready for your ideas? Plant a crop, use it for horses, or just landscape the space to your liking!
Read Full Story

Average sale price increases in every real estate board in the province in June


Sales may be down from last year’s record-breaking activity, but that doesn’t mean home prices across the province are falling, according to the latest figures from the British Columbia Real Estate Association (BCREA) released July 13.

 

The BCREA reported that 11,671 BC homes were sold on the Multiple Listing Service® (MLS®) in June, a fall of 9.6% from June last year, and down 5.9% compared with May’s surge.

 

However, the average MLS® sale price in BC was $725,778, up 4.4% from the same month last year, and rising on an annual basis in every one of the 11 BC real estate board areas.

 

“Although home sales remain well off the record pace set last year, demand is still quite robust," said Brendon Ogmundson, BCREA economist. "That demand is supported by a strong provincial economy and vigorous job growth.”

 

He added, “Supply remains a challenge, which means most areas are seeing tight market conditions and significant upward pressure on prices.”

 

The number of total active listings across the province was down 6.2% to 29,651 units compared with June 2016.

 

Chilliwack was the board to see the highest annual price growth, up 18.3% year over year, followed by Kootenay, Victoria and Vancouver Island. Greater Vancouver saw the lowest average price increase of the 11 BC boards, a rise of 2.7% since last June.

 

Sales activity painted a different picture – revealing that it is largely supply, rather than sales volumes, that dictates price points. Along with Greater Vancouver, where sales were down around 12% in June year over year, Chilliwack saw an 11% annual sales decrease. In both Vancouver Island and Victoria, where prices are climbing robustly, year-over-year transactions declined 13-14%.





Source:http://www.rew.ca/news/bc-real-estate-prices-keep-climbing-on-low-supply-1.21118621

Post CommentComments: 0Read Full Story
I have listed a new property at 1664 HIGHVIEW ST in Abbotsford.
SUBDIVIDABLE LOT! Live now, develop later? This rancher with full basement sits on a huge 90x121 lot! Has been completely updated w/new flooring, paint, interior doors, crown mouldings, baseboards & casings throughout. New kitchen countertop & backsplash too! Updated baths (new vanities, sinks, backsplash, flooring & paint). 3 bedrooms up as well as a Master Bedroom with a 2 pce enste. 2 bed suite below. Best of all the backyard backs onto cul-de-sac on Kirkland offering great privacy! Talk to City about subdivision potential.
Read Full Story
I have listed a new property at 3159 TOWNLINE RD in Abbotsford.
Don't be fooled by the address! Greeted by high ceilings in the foyer you'll love the reno's done in this home! in the kitchen notice the beautiful granite counter-tops & white cabinetry. You'll also notice new paint, flooring, & updated baths! Off the living room, French doors up to your backyard oasis! The level, full fenced yard is full of mature trees and a great place to unwind & offers plenty of space for the kids! Above you'll find 3 beds including a master with a huge covered balcony with views of Mt. Baker, a spacious walk-in closet, and an ensuite bath. Newer roof on this home too! Great location within walking distance to al levels of schools, this home won't last long! Call today to schedule your viewing.
Read Full Story
Please visit our Open House at 3159 TOWNLINE RD in Abbotsford.
Open House on Saturday, July 15, 2017 1:00PM - 3:00PM
Don't be fooled by the address! Greeted by high ceilings in the foyer you'll love the reno's done in this home! in the kitchen notice the beautiful granite counter-tops & white cabinetry. You'll also notice new paint, flooring, & updated baths! Off the living room, French doors up to your backyard oasis! The level, full fenced yard is full of mature trees and a great place to unwind & offers plenty of space for the kids! Above you'll find 3 beds including a master with a huge covered balcony with views of Mt. Baker, a spacious walk-in closet, and an ensuite bath. Newer roof on this home too! Great location within walking distance to al levels of schools, this home won't last long! Call today to schedule your viewing.
Read Full Story
Please visit our Open House at 3159 TOWNLINE RD in Abbotsford.
Open House on Sunday, July 16, 2017 1:00PM - 3:00PM
Don't be fooled by the address! Greeted by high ceilings in the foyer you'll love the reno's done in this home! in the kitchen notice the beautiful granite counter-tops & white cabinetry. You'll also notice new paint, flooring, & updated baths! Off the living room, French doors up to your backyard oasis! The level, full fenced yard is full of mature trees and a great place to unwind & offers plenty of space for the kids! Above you'll find 3 beds including a master with a huge covered balcony with views of Mt. Baker, a spacious walk-in closet, and an ensuite bath. Newer roof on this home too! Great location within walking distance to al levels of schools, this home won't last long! Call today to schedule your viewing.
Read Full Story
I have listed a new property at 36422 ESTEVAN CRT in Abbotsford.
Your search stops here - here's your opportunity to buy a lot and start work immediately! The last view lot left on Falcon Ridge. Enjoy the breathtaking views from all three floors of your new home! Majority of lot prep work already completely - retaining wall is finished and the property has been extensively excavated. Only minor work left to do before you can put down footings. Don't miss this opportunity to build your beautiful home in one of East Abbotsford's most desirable areas. House plans already approved by the City of Abbotsford - call for more details!
Read Full Story
I have sold a property at 45408 SPARTAN CRES in Chilliwack.
Won't last long! Great price point to get into this neighbourhood in a basement entry home for the family! This home offers 3 bedrooms up, large kitchen and dining room with newer laminate flooring in the bedrooms and dining room! Off the kitchen, enjoy your private covered deck. The spacious living room offers a gas fireplace. Master bed offers a 2 piece ensuite. Your fenced yard offers full privacy with hedges and many types of plants/tree and even a greenhouse for the nature lover! Below the laundry room is huge and offers extra storage space! Single garage is large and ample parking in driveway for vehicles and even an RV. Close to schools & shopping. Call today for your viewing!
Read Full Story
I have listed a new property at 33642 CHERRY AVE in Mission.
Are you looking a lot to build your new home? This lot has picture perfect views of the valley and Mt Baker!!! The builder will put in all the foundation so the home is ready to be built. It comes with building plans and building permits. Don't miss this opportunity!
Read Full Story
I have listed a new property at 17 31125 WESTRIDGE PL in Abbotsford.
Your search stops here! This 3 bedroom, 2 bathroom townhouse backing onto greenbelt is perfect for first time home buyers. Large, open layout on the main floor with granite countertops and stainless steel appliances. Walking distance to all 3 levels of school and close to Highway #1. This Home will not last!
Read Full Story

 

With much speculation that interest rates can only – and surely must – go up, local mortgage expert and broker coach Dustan Woodhouse is asked on a daily basis whether he expects this to happen any time soon.

 

His answer? It’s the same reply he’s been giving clients for years, as the same question emerges in every hot spring market. And that answer is: probably not – but you have little to fear even if rates do rise.

 

Woodhouse, a mortgage broker with Dominion Lending Centres, told a recent edition of the Real Estate Therapist show on Roundhouse Radio, “It’s not about the interest rate, that shouldn’t concern you – it’s about the effect that interest rate rise will have on the payment you make on your mortgage.”

 

Woodhouse pointed out that about half of Metro Vancouver home owners do not have any mortgage outstanding – “that’s our parents and grandparents” – and the average mortgage balance held on the remaining 50% of homes is around $400,000.

 

He added that the majority of home owners won’t be affected by an interest rate rise, as 80%-plus of mortgage payers are on a five-year fixed rate. Those who locked their rate in three or four years ago will have locked in at a higher rate than today’s, so they likely won’t see a payment rise when they renew in a year or two. And those who have more recently begun their five-year term have plenty of time to pay down the principal at the lower rates and mitigate any payment shock in four or five years’ time.

 

Even those who are currently on a variable rate might not see any payment increase either, says Woodhouse. Many lenders’ variable-rate mortgages don’t increase payments with a rise in interest rates, they just change the composition of what the mortgage holder is paying back – a little more interest, a little less principal.

Dollarizing the “Payment Shock”

The remaining small fraction of adjustable-rate mortgage payers, who will see payments go up with an interest rate increase, can also rest assured that it might cost much less that they might imagine, said Woodhouse.

 

“Let’s dollarize that ‘payment shock.’ A quarter-point interest rate movement represents $13 per month, per $100,000 mortgage, for the average mortgage holder. So that’s $52 bucks a month extra on the average $400,000 mortgage balance.

 

“That does not equate to a housing collapse. That is not blood in the streets... A quarter-, half-, even a three-quarter point rise in interest rates would have any significant impact on the housing market. In fact, it might rush more people into the market, as they think ‘Oh no, rates are going up, we need to get in now.’”

 

However, Woodhouse was quick to point out that he doesn’t think that interest rates will go up any time soon. He said that considering the federal government is pumping $23 billion into the economy, it wouldn’t make any sense to also increase interest rates, which would slow economic growth.

 

“They have one foot down hard on the gas pedal to rev up the economy, so to have another branch of the government, the Bank of Canada, raising interest rates – that’s like the other foot being put on the brake pedal.”

 

 

 

 

 

 

source:http://www.rew.ca/news/why-you-shouldn-t-fear-an-interest-rate-bump-1.20789226

Post CommentComments: 0Read Full Story
I have sold a property at 49 31125 WESTRIDGE PL in Abbotsford.
Your search stops here! This 3 bedroom, 2 bathroom townhouse backing onto greenbelt is perfect for first time home buyers. Large, open layout on the main floor with granite countertops and stainless steel appliances. Walking distance to all 3 levels of school and close access to Highway #1. This Home will not last!
Read Full Story
I have listed a new property at 45408 SPARTAN CRES in Chilliwack.
Won't last long! Great price point to get into this neighbourhood in a basement entry home for the family! This home offers 3 bedrooms up, large kitchen and dining room with newer laminate flooring in the bedrooms and dining room! Off the kitchen, enjoy your private covered deck. The spacious living room offers a gas fireplace. Master bed offers a 2 piece ensuite. Your fenced yard offers full privacy with hedges and many types of plants/tree and even a greenhouse for the nature lover! Below the laundry room is huge and offers extra storage space! Single garage is large and ample parking in driveway for vehicles and even an RV. Close to schools & shopping. Call today for your viewing!
Read Full Story
Please visit our Open House at 45408 SPARTAN CRES in Chilliwack.
Open House on Saturday, June 24, 2017 1:00PM - 3:00PM
Won't last long! Great price point to get into this neighbourhood in a basement entry home for the family! This home offers 3 bedrooms up, large kitchen and dining room with newer laminate flooring in the bedrooms and dining room! Off the kitchen, enjoy your private covered deck. The spacious living room offers a gas fireplace. Master bed offers a 2 piece ensuite. Your fenced yard offers full privacy with hedges and many types of plants/tree and even a greenhouse for the nature lover! Below the laundry room is huge and offers extra storage space! Single garage is large and ample parking in driveway for vehicles and even an RV. Close to schools & shopping. Call today for your viewing!
Read Full Story
Please visit our Open House at 45408 SPARTAN CRES in Chilliwack.
Open House on Sunday, June 25, 2017 1:00PM - 3:00PM
Won't last long! Great price point to get into this neighbourhood in a basement entry home for the family! This home offers 3 bedrooms up, large kitchen and dining room with newer laminate flooring in the bedrooms and dining room! Off the kitchen, enjoy your private covered deck. The spacious living room offers a gas fireplace. Master bed offers a 2 piece ensuite. Your fenced yard offers full privacy with hedges and many types of plants/tree and even a greenhouse for the nature lover! Below the laundry room is huge and offers extra storage space! Single garage is large and ample parking in driveway for vehicles and even an RV. Close to schools & shopping. Call today for your viewing!
Read Full Story

 

Vancouver housing market "ain't seen nothing yet"

 

 

The Vancouver real estate market, far from reaching its peak in terms of unaffordability and lack of housing, is merely “dancing on the edges of a massive problem,” according to one leading development marketer.

Speaking to a packed audience at the Urban Development Institute luncheon on new home marketing at the Fairmont Hotel Vancouver June 8, Cameron McNeill of MLA Canada added, “We ain’t seen nothing yet.”

The panel of well-known development marketing bosses, which also included Scott Brown of Fifth Avenue Real Estate Marketing and Daryl Simpson of Bosa Properties, discussed how blistering demand and a trickling supply of new housing is affecting the affordability of homes in the region.

Event moderator and UDI chair Jon Stovell of Reliance Properties asked the panel whether onerous building permit requirements and slow processing times were affecting home prices – to which the reply was unanimously “yes, absolutely, 100%.”

 

Cameron McNeill said that the Metro Vancouver region is expected to grow by 250,000 people in next five years, and that it currently takes around six years to get a highrise residential project from conception to occupancy – “if it all goes well”. He said, “And that’s maybe 300 units. The city is 300,000 people bigger by that point.” However, McNeill's comments do not jive with Metro Vancouver's projections for population growth, which would estimate an additional 180,000 people over the next six years.

 

McNeill added, “We’re dancing on the edges of a massive, massive problem. And it’s not going to change. I just came back from Hong Kong and everybody I spoke to said to me, ‘That’s nothing.’ We ain’t seen nothing yet. This is just the tip of the iceberg for Vancouver.”

 

Daryl Simpson pointed out that population growth numbers, and therefore housing demand, would likely be even higher than projected, as projections are based solely on permanent residents and citizens. “One thing they rarely look at student visas and multiple-entry visas. There were 67,000 student visas in BC last year. And you have to think, if they’re flying to BC to study, these are students with means, maybe wealthy families. In 2016, there were 315,000 multiple entry visas – they last 10 years and allow people to fly back and forth. So you need to layer those on top of the permanent residents and citizen population growth.”

 

Scott Brown said, “You can’t fix demand. And if this is a housing crisis as the media says, where is the multi-stakeholder group figuring out how to speed up supply? If we were going to war we sure as hell would be working out how to arm up quickly. But we spend more time working out how to break things apart than how to fix things. We need to work together. We’re trying, but putting one project a time on the market, there’s so much demand, prices just keep escalating.”

 

Simpson added, “Look at the 450 acres in False Creek Flats, with 1,400 residential units in total earmarked for that area. That’s three homes per acre. That’s insane. Ask Ryan Holmes of Hootsuite what he needs, it’s not 450 acres of industrial land, its proximate residential units [so employees can afford to live in Vancouver close to work]. Ask Amazon, they’ll say the same thing. Go to Seattle, there are more residential units being built by Vancouver developers – Bosa, Westbank, Onni – right across the street from the Amazon HQ than will be built in the whole of the False Creek Flats.”

 

 

 

 

 

 

 

 

Source: http://www.rew.ca/news/vancouver-housing-market-ain-t-seen-nothing-yet-1.20508243

Post CommentComments: 0Read Full Story
Categories: Abbotsford East, Abbotsford Real Estate | Abbotsford Real Estate | Abbotsford West, Abbotsford Real Estate | Aberdeen, Abbotsford Real Estate | Agassiz, Agassiz Real Estate | Aldergrove Langley, Langley Real Estate | BC real estate, luxury homes, luxury home for sale Vancouver | Bradner, Abbotsford Real Estate | British Properties, West Vancouver Real Estate | Burnaby Real Estate | Burnaby Real Estate | Cambie, Vancouver West Real Estate | Capitol Hill BN, Burnaby North Real Estate | Cedar Hills, North Surrey Real Estate | Central Abbotsford, Abbotsford Real Estate | Chilliwack N Yale-Well, Chilliwack Real Estate | Chilliwack Real Estate | Chilliwack W Young-Well, Chilliwack Real Estate | Cloverdale BC, Cloverdale Real Estate | County Line Glen Valley, Langley Real Estate | Downtown NW, New Westminster Real Estate | Downtown VW, Vancouver West Real Estate | Eagle Mountain, Abbotsford Real Estate | East Burnaby, Burnaby East Real Estate | economics | Grandview VE, Vancouver East Real Estate | Guildford, North Surrey Real Estate | Hope Center, Hope Real Estate | HST out, BC home tax | Langley Real Estate | Langley City, Langley Real Estate | Market Trends | Matsqui, Abbotsford Real Estate | Mission BC, Mission Real Estate | Mission Real Estate | Morgan Creek, South Surrey White Rock Real Estate | Mount Pleasant VE, Vancouver East Real Estate | N. Delta Real Estate | Northwest Maple Ridge, Maple Ridge Real Estate | Otter District, Langley Real Estate | Panorama Ridge, Surrey Real Estate | Poplar, Abbotsford Real Estate | Port Kells, North Surrey Real Estate | Promontory, Sardis Real Estate | Queen Mary Park Surrey, Surrey Real Estate | Real Estate Update | Sardis East Vedder Rd, Sardis Real Estate | Selling your home | Serpentine, Cloverdale Real Estate | Sullivan Heights, Burnaby North Real Estate | Sumas Mountain, Abbotsford Real Estate | Sumas Prairie, Abbotsford Real Estate | sumas, Abbotsford Real Estate | Surrey Real Estate | The Crest, Burnaby East Real Estate | Vancouver Heights, Burnaby North Real Estate | West Central, Maple Ridge Real Estate | West Newton, Surrey Real Estate | Westwood Plateau, Coquitlam Real Estate | Whalley, North Surrey Real Estate | Willingdon Heights, Burnaby North Real Estate | Willoughby Heights, Langley Real Estate | Yale, Hope Real Estate

Search Listings Now!

Ready To Sell?

Insider Access