Archive for 2011
Richmond Apartment for Sale – South Arm1 Bedroom Apartment for Sale – Richmond BC Real Estate
Listing Property: #213 – 10160 Ryan Road, Richmond BC V7A 4P9, Canada
Brighouse 1 Bedroom Apartment for Sale in Richmond BC
Spacious 1 bedroom in popular STORNOWAY. Very well kept by owner of 30 years. South deck with park like outlook. Great floor plan; in suite laundry, fire place, hot water heat included in maintenance fee, secured parking, extra storage locker, extensive facilities including 2 pools and Saunas. Located on 4 acres of land right beside South Arm Park. No pets and no rentals, adult oriented building. Close to shopping and all amenities.
Check out this property’s Virtual Tour!
Please visit http://21310160ryanroad.isnowforsale.com/ for more information!
For private tour, call or text Michael Cowling at 604-276-2335 or email him at mc@michaelcowling.com
RICHMOND BC HOUSE FOR SALE
VANCOUVER BC REAL ESTATE VIRTUAL TOUR
House | Townhouse | Apartments/Condos | Richmond BC | Real Estate
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RE/MAX Michael Cowling And Associates Realty – Serving Richmond, Vancouver, and Ladner
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Richmond Condos for Sale – Steveston 1 Bedroom Condo for Sale in Richmond BC
Listing Property: #222 – 5500 Andrews Road, Richmond BC V7E 6M9, Canada
Steveston 1 Bedroom Condo for Sale in Richmond BC
SOUTHWATER Bright spacious 2 bedroom 2 bathroom on the south side with bright pleasant outlook to Marina. Insuite laundry, gas fireplace, secured parking spaces. Large balcony. Steps to dyke, walking paths and Steveston Village. 2 pets allowed, rentals allowed with restrictions.
Check out this property’s Virtual Tour!
Please visit http://2225500andrewsroad.isnowforsale.com/ for more information!
For private tour, call or text Michael Cowling at 604-276-2335 or email him at mc@michaelcowling.com
RICHMOND BC CONDOS FOR SALE
VANCOUVER BC REAL ESTATE VIRTUAL TOUR
House | Townhouse | Apartments/Condos | Richmond BC | Real Estate
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RE/MAX Michael Cowling And Associates Realty – Serving Richmond, Vancouver, and Ladner
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Richmond Condos for Sale – Brighouse 1 Bedroom Condos for Sale in Richmond BC
Listing Property: #317 – 8591 Westminster Hwy , Richmond BC V6X 3E2, Canada
Brighouse 1 Bedroom Condo for Sale in Richmond BC
Top floor spacious 1 bedroom with in suite laundry and fireplace in popular Lansdowne Grove. Great layout, tons of storage, double closets in the master bedroom. Big balcony, Maintenance/strata fee includes heat & hot water. Underground parking. Located walking distance to Save-On-Foods, Kwantlen College, Lansdowne Mall, Canada Line Terminal, buses & all amenities. Great investment in downtown Richmond. Move in or Rent out.
Check out this property’s Virtual Tour!
Please visit http://3178591westminsterhwy.isnowforsale.com/ for more information!
For private tour, call or text Michael Cowling at 604-276-2335 or email him at mc@michaelcowling.com
RICHMOND BC CONDOS FOR SALE
VANCOUVER BC REAL ESTATE VIRTUAL TOUR
House | Townhouse | Apartments/Condos | Richmond BC | Real Estate
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RE/MAX Michael Cowling And Associates Realty – Serving Richmond, Vancouver, and Ladner
LIKE me on FACEBOOK! http://www.facebook.com/michaelcowlingrealty
FOLLOW me on TWITTER! https://twitter.com/#!/MichaelCowling
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Richmond BC House for Sale – Westwind 4 Bedroom House for Sale in Richmond BC
Listing Property: 11411 No. 2 Road, Richmond BC V7E 2E6, Canada
Prestigious 4 Bedroom Home for Sale in Richmond BC
Prestigious Westwind Area well cared for 4 bedroom, 2 bathroom home on a 60 by 120 = 7201 Sqft Lot with mature landscaping, a west backyard and front facing the quiet open Agricultural Land Reserve. Close to amenities, walking/biking distance to Steveston Village and trails, near bus route. Westwind and McKinney school catchment. New vinyl windows 2010, new patio 2009 & newer deck, new hot water tank 2008, wood fireplace and wood stove in the family room, security system, chimney upgraded 2009, large storage shed fully wired for workshop, hot tub.
Check out this property’s Virtual Tour!
Please visit http://11411no2road.isnowforsale.com/ for more information!
For private tour, call or text Michael Cowling at 604-276-2335 or email him at mc@michaelcowling.com
RICHMOND BC HOUSE FOR SALE
VANCOUVER BC REAL ESTATE VIRTUAL TOUR
House | Townhouse | Apartments/Condos
———————————————————————————————————
RE/MAX Michael Cowling And Associates Realty – Serving Richmond, Vancouver, and Ladner
LIKE me on FACEBOOK! http://www.facebook.com/michaelcowlingrealty
FOLLOW me on TWITTER! https://twitter.com/#!/MichaelCowling
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Richmond BC Condos for Sale – Central 2 Bedroom Condos for Sale in Richmond BC
Listing Property: #316 – 8700 Jones Road, Richmond BC V7E 6T6, Canada
Spacious 2 Bedrooms Condos for Sale in Brighouse Richmond BC
Windgate Royale is a central, spacious 2 bedroom and den, 2 bathroom with newer kitchen cabinets and counter tops, eating area in kitchen, engineered hardwood flooring, vaulted ceilings, in suite laundry, gas fireplace and 2 secured underground parking. North balcony with Mountain View, large rooms and extra storage locker. Well maintained. Steps to schools transit and all amenities.
Check out this property’s Virtual Tour!
Please visit http://3168700jonesroad.isnowforsale.com/ for more information!
For private tour, call or text Michael Cowling at 604-276-2335 or email him at mc@michaelcowling.com
RICHMOND BC CONDOS FOR SALE
VANCOUVER BC REAL ESTATE VIRTUAL TOUR
House | Townhouse | Apartments/Condos
———————————————————————————————————
RE/MAX Michael Cowling And Associates Realty – Serving Richmond, Vancouver, and Ladner
LIKE me on FACEBOOK! http://www.facebook.com/michaelcowlingrealty
FOLLOW me on TWITTER! https://twitter.com/#!/MichaelCowling
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Richmond BC Townhouse for Sale – Steveston 3 Bedroom Townhouse for Sale in Richmond BC
Listing Property: #16 – 12438 Brunswick Place, Richmond BC V7E 3K6, Canada
A Wonderful 3 Bedrooms Townhouse for Sale in Steveston South, Richmond BC
Brunswick Gardens, 3 bedroom and family room townhouse. Great layout spacious rooms, a 3rd level with a huge family room and plenty of storage. Master bedroom with lots of closet space, full ensuite with skylight and large deck off the master. Kitchen with eating area, hot water radiant heating. Gas Fireplace. Fenced backyard with patio and garden, roof deck. Single garage and open parking at door. Steps to Dyke trail and Steveston Village Amenities, Homma Elementary and McMath Schools. One dog or one cat allowed.
Check out this property’s Virtual Tour!
Please visit http://1612438brunswickplace.isnowforsale.com/ for more information!
For private tour, call or text Michael Cowling at 604-276-2335 or email him at mc@michaelcowling.com
RICHMOND BC TOWNHOUSE FOR SALE
VANCOUVER BC REAL ESTATE VIRTUAL TOUR
House | Townhouse | Apartments/Condos
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RE/MAX Michael Cowling And Associates Realty – Serving Richmond, Vancouver, and Ladner
LIKE me on FACEBOOK! http://www.facebook.com/michaelcowlingrealty
FOLLOW me on TWITTER! https://twitter.com/#!/MichaelCowling
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Historically normal activity keeps the Greater Vancouver housing market in a balanced state
The Greater Vancouver housing market saw relatively typical home sale and listing activity in November.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,360 in November. This represents a 5.9 per cent decline compared to the 2,509 sales in November 2010 and a 1.9 per cent increase compared to the 2,317 sales recorded in October 2011.
Looking back further, last month’s residential sales total is 5.8 per cent below the ten-year average for sales in November.
The pace of home listings entering the market eased slightly in November, compared to recent months, while sale levels remained fairly normal for this time of. November activity helped put our market firmly in balanced territory.
New listings for detached, attached and apartment properties in Greater Vancouver totalled 3,222 in November. This represents a 26.3 per cent decline compared to the 4,374 new listings reported in October 2011, but a 6.3 per cent increase compared to November 2010 when 3,030 properties were listed for sale on the MLS®.
Looking back further, last month’s new listing total is 2.1 per cent above the ten-year average for November.
The total number of properties currently listed for sale on the Greater Vancouver MLS® sits at 14,090, a decline of 9 per cent compared to October 2011 but an increase of 13 per cent when compared to this time last year.
The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 7.2 per cent to $622,087 in November 2011 from $580,080 in November 2010.
Since reaching a peak in June of $630,921, the benchmark price for all residential properties in the region has declined 1.4 per cent.
Sales of detached properties on the MLS® in November 2011 reached 916, a decrease of 12.8 per cent from the 1,050 detached sales recorded in November 2010, and a 21.3 per cent decrease from the 1,164 units sold in November 2009. The benchmark price for detached properties increased 11.4 per cent from November 2010 to $890,204.
Sales of apartment properties reached 1,000 in November 2011, a 4.9 per cent decrease compared to the 1,052 sales in November 2010, and a decrease of 28.4 per cent compared to the 1,396 sales in November 2009. The benchmark price of an apartment property increased 2.7 per cent from November 2010 to $399,686.
Attached property sales in November 2011 totalled 444, a 9.1 per cent increase compared to the 407 sales in November 2010, and a 15.1 per cent decrease from the 523 attached properties sold in November 2009. The benchmark price of an attached unit increased 4.5 per cent between November 2010 and 2011 to $510,960
Source Real Estate Board of Greater Vancouver
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FREE MOVIE DAY
Free Movie Day fun for the whole family Silvercity Riverport Cinemas 9:30AM Nov 26 
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Renewing and refinancing mortgages is saving Canadians
Almost a quarter of Canadians renewed or refinanced their mortgages in the past year and the vast majority found themselves with a better rate for doing so, the Canadian Association of Accredited Mortgage Professionals said.
The group found about 32% of Canadians reported making some sort of change to their mortgage in the past year with almost two-thirds of those people saying they were refinancing or renewing their mortgages. Among those who renewed, 78% got a rate reduction.
Canadians who are looking for that better rate appear ready to shop around with 21% of respondents who renewed or refinancing their mortgages in the last year, saying they switched lenders.
Mortgage rates continue to be at or near all-time lows with a flat yield curve reducing the steep discount on variable rates and making locking in more attractive. The website ratesupermarket.ca says the best variable rate product on the market is now 2.48% while a five-year fixed rate closed mortgage is now as low as 3.19%.
“Overall, our survey paints a picture of Canadians generally and homeowners in particular as very focused on their finances,” said Jim Murphy, president of CAAMP. “They are planning ahead, aggressively paying down their mortgage in advance of any economic jolt.”
Despite the shrinking gap between fixed rate and variable rate mortgages, 31% of Canadians are still in variable rate mortgage tied to prime and ultimately any interest rate changes from the Bank of Canada.
One thing Canadians have become more conservative about is taking equity out of their home. Only 10% of equity holders took money out of their home in the last year, a 40% drop from a year ago.
The decline could have something to do with tougher refinancing rules which lowered the level on refinancing to 85% of home’s value, down from 90%.
Source: The Financial Post
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Greater Vancouver at lower end of balanced housing market
With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) system reached 2,317 in October, a 1 per cent decrease compared to the 2,337 sales in October 2010 and a 3.2 per cent increase compared to the previous month. Those sales rank as the second lowest total for October over the last 10 years.
Right now, prospective home buyers have a good selection of properties to choose from and more time to make decisions. Home sellers should be mindful of local market conditions to ensure they are pricing their properties competitively.
New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,374 in October, which is on par with the 10-year average. This represents an 18.3 per cent increase compared to October 2010, when 3,698 properties were listed for sale on the MLS®, and a 23 per cent decrease compared to the 5,680 new listings reported in September 2011.
The total number of properties listed for sale on the Greater Vancouver MLS® system currently sits at 15,377, which is 9.3 per cent higher than the 14,075 properties listed for sale during the same period last year. October was the first month that the total number of property listings showed a decrease this year.
The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 7.5 per cent to $622,955 in October 2011 from $579,349 in October 2010. However, since reaching a peak in June of $630,921, the benchmark price for all residential properties in the region has declined 1.3 per cent.
Sales of detached properties in October reached 974, which represents virtually no change from the 976 detached sales recorded in October 2010, and a 34.5 per cent decrease from the 1,487 units sold in October 2009. The benchmark price for detached properties increased 11 per cent from October 2010 to $884,778, but decreased 1.3 per cent compared to the previous month.
Sales of apartment properties reached 958 in October, a 2.6 per cent decrease compared to the 984 sales in October 2010, and a decrease of 40.4 per cent compared to the 1,607 sales in October 2009. The benchmark price of an apartment property increased 3.2 per cent from October 2010 to $402,702, but decreased 0.7 per cent compared to the previous month.
Attached property sales in October totalled 382, a 1.3 per cent increase compared to the 377 sales in October 2010, and a 37.4 per cent decrease from the 610 attached properties sold in October 2009. The benchmark price of an attached unit increased 6.5 per cent between October 2010 and 2011 to $519,455, and increased half a per cent compared to the previous month.
Source Real Estate Board of Greater Vancouver
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