Elio Parente - Personal Real Estate Corporation

Cell: 604-720-8829 |

Homes in Maple Ridge are hot right now.  Buyers are looking for affordable housing and the city of Maple Ridge is the place to live right now.  Close to HWY 1 great schools and close to shopping and great restaurants.  


This home sold in one day and for 100% of the asking price!


Beautifully renovated rancher from the studs in Southwest Maple Ridge. This is the perfect home for a first time buyer, upgrade from a condo or a couple that loves to travel. This open floor plan features vaulted ceilings, with engineered hardwood floors throughout. Kitchen has quartz countertops, gorgeous white wood cabinets, stainless steel appliances. Bonus features, out building with electrical and heat perfect for an art studio or home office. Double tandem garage with 220 power for handyperson, RV parking with power and sani dump! Best of all it is situated on a LARGE 6700 sqft lot. This home will not disappoint.


20541 114 AVE

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Ideally, when you’re selling your home, your property will have the features buyers are looking for—and you can highlight those features in your listing to drum up more buyer attention. But what, exactly, are those features?

Home remodeling Porch.com recently surveyed 980 recent home shoppers to find out their must-have features. According to the survey, the most important features to would-be home buyers include a back porch or deck (33.9 percent), a newly renovated kitchen (30.8 percent), hardwood flooring (30.4 percent), and a finished garage (25.8 percent). And buyers are willing to pay top dollar for a home with features they want—between $2,532 and $4,570 more, depending on the feature.

So, what does this mean for you? If you’re thinking about selling your home, it’s important to know the features potential buyers are looking for. That way, if your property has said features, you can position your home in a way that speaks to buyers—and gets your home sold quickly and profitably. And, if not, perhaps it makes sense to consider adding a feature or two that will entice buyers.

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No Strata Fees! The Hamptons in the heart of South Surrey. Designed by an award winning architect and constructed by Legendary Developments. This home is truly luxurious boasting of traditional craftsman architecture featuring brick and hardi-plank exteriors and open floor plans close to restaurants, shopping and much much more! These spacious 4 bedroom, 3.5 bathroom homes with finished basements consist of a gourmet kitchen, Quartz Countertops with Maple Shaker Style Cabinetry along with Soft Closing Hinges and Drawers, Under Mount Sinks, Wood closet Organizers, Engineered Hardwood Flooring, and over $100,000 worth of upgrades such as air conditioning, new skylight, motorized blinds, HUGE SwimSpa in the back yard, covered carport, stamped concrete patio and much more!


Nearby


Big Start Sandwich Company South Surrey

Grandview Heights Aquatic Centre

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Home sale activity up, supply down to start 2020

Home sale and price activity remained steady in Metro Vancouver* to start 2020 while home listing activity declined in January.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,571 in January 2020, a 42.4 per cent increase from the 1,103 sales recorded in January 2019, and a 22.1 per cent decrease from the 2,016 homes sold in December 2019.

Last month’s sales were 7.3 per cent below the 10-year January sales average.

“We’ve begun 2020 with steady home buyer demand that tracks close to the region’s long-term average,” Ashley Smith, REBGV president said. “Looking at supply, we’re seeing fewer homes listed for sale than is typical for this time of year. As we approach the traditionally more active spring market, we’ll keep a close eye on supply to see if the number of homes being listed is keeping pace with demand.”

There were 3,872 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2020. This represents a 20.1 per cent decrease compared to the 4,848 homes listed in January 2019 and a 143.8 per cent increase compared to December 2019 when 1,588 homes were listed.

Last month’s new listings were 17.4 per cent below January’s 10-year average.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,617, a 20.3 per cent decrease compared to January 2019 (10,808) and a 0.2 per cent increase compared to December 2019 (8,603), and is 13.7 per cent below the 10-year January average.

For all property types, the sales-to-active listings ratio for January 2020 is 18.2 per cent. By property type, the ratio is 11.6 per cent for detached homes, 22.6 per cent for townhomes, and 23.9 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,008,700. This represents a 1.2 per cent decrease over January 2019, a 1.4 per cent increase over the past six months, and a 0.8 per cent increase compared to December 2019.

Sales of detached homes in January 2020 reached 439, a 29.5 per cent increase from the 339 detached sales recorded in January 2019. The benchmark price for detached properties is $1,431,200. This represents a 1.7 per cent decrease from January 2019, a one per cent increase over the past six months, and a 0.5 per cent increase compared to December 2019.

Sales of apartment homes reached 814 in January 2020, a 45.6 per cent increase compared to the 559 sales in January 2019. The benchmark price of an apartment property is $663,200. This represents a one per cent decrease from January 2019, a 1.5 per cent increase over the past six months, and a one per cent increase compared to December 2019.

Attached home sales in January 2020 totalled 318, a 55.1 per cent increase compared to the 205 sales in January 2019. The benchmark price of an attached unit is $782,500. This represents a 0.7 per cent decrease from January 2019, a 1.6 per cent increase over the past six months, and a 0.5 per cent increase compared to December 2019. 

Editor's note

Areas covered by the Real Estate Board of Greater Vancouver include: Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

Contact

Craig Munn
Manager, Communication
Real Estate Board of Greater Vancouver
604.730.3146
cmunn@rebgv.org

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The benchmark rate used to determine the minimum qualifying rate for insured mortgages, known as the “stress test" is changing.

Currently, a home buyer getting an insured mortgage must prove they can afford a payment based on the benchmark five-year posted rate. The Bank of Canada calculates this rate using an average of chartered banks rates, which is currently 5.19 per cent.

As of April 6, the benchmark rate will be based on the Bank of Canada's weekly median five-year fixed insured-mortgage rate from federally-backed mortgage insurance applications adjudicated by mortgage insurers, plus two per cent.

If this rate were in effect today, it would be about 4.89 per cent, or 30 basis points, less than the current 5.19 stress-test rate.

This adjustment will allow the stress test to better represent mortgage rates offered by lenders and will be more responsive to market conditions.

At the same time, this new rate will ensure home buyers are able to afford their homes even if:

  • interest rates rise;
  • incomes change; or
  • home buyers are faced with unforeseen expenses.

The decision to adjust the stress test follows a recent review by federal financial agencies.

The minimum qualifying rate for insured mortgages will be the higher of:

  • the borrower’s contract rate, which is the mortgage interest rate agreed to by the lending institution and the borrower plus two per cent; or
  • the new benchmark rate.

For the last year, the Bank of Canada's benchmark posted rate has been much higher than two per cent over contract rates and has not been responsive to mortgage market conditions.

Here’s how the new stress test works

When a borrower has less than a 20 per cent down payment, the borrower is required to obtain government-backed mortgage insurance.

Here’s what this means to the buyer of a benchmark price condominium in Greater Vancouver:

Buying a Greater Vancouver condominium

Impact of stress test change

 
new-mortgage-stress-test-table-comparison
*January 2020 benchmark price for a condominium in Greater Vancouver Note: Mortgage rate shown is before and after the new changes to the B-20 Stress test come about April 6, 2020. PTT calculated at 1% on first $200,000; 2% on remainder

Buying a Greater Vancouver townhome

Impact of stress test change

 
new-mortgage-stress-test-table-comparison-townhome
*January 2020 benchmark price for a townhome in Greater Vancouver Note: Mortgage rate shown is before and after the new changes to the B-20 Stress test come about April 6, 2020. PTT calculated at 1% on first $200,000; 2% on remainder

Buying a Greater Vancouver single family detached home

Impact of stress test change

 
new-mortgage-stress-test-table-comparison-singlefamilydetached
*January 2020 benchmark price for a single family detached home in Greater Vancouver Note: Mortgage rate shown is before and after the new changes to the B-20 Stress test come about April 6, 2020. PTT calculated at 1% on first $200,000; 2% on remainder

Advocating for REALTORS® recommendations

The Office of the Superintendent of Financial Institutions (OSFI) has announced that it’s considering the same new benchmark rate to determine the minimum qualifying rate for uninsured mortgages.

OSFI is seeking input from interested stakeholders on this proposal before March 17, 2020.

Your Board is working with the Canadian Real Estate Association to make recommendations to OFSI to review the stress test to ensure local markets are taken in to consideration, and to remove the test from mortgage renewals.

A New Benchmark Rate for Insured Mortgages

Backgrounder

Canada’s framework for government-backed mortgage insurance supports a stable housing market. Mortgage insurance provides eligible Canadians access to mortgage financing at more affordable interest rates with lower down payments (i.e., borrowers with a less than 20% down payment on the value of their home require mortgage insurance). Prudent mortgage standards and regulation support a healthy mortgage market and safer financial outcomes for households.

New Benchmark Rate

A new Benchmark Rate for insured mortgages will replace the Bank of Canada 5-Year Benchmark Posted Rate in determining the minimum qualifying rate (stress test).

The new Benchmark Rate will be:

  • The weekly median 5-year fixed insured mortgage rate as calculated by the Bank of Canada from federally-backed mortgage insurance applications adjudicated by mortgage insurers; plus
  • A buffer of 200 basis points to be set by the Minister of Finance upon the coming into force.
  • The Benchmark Rate will be published on a Wednesday and come into effect the following Monday.

The new Benchmark Rate used to determine the minimum qualifying rate for insured mortgages will come into force on April 6, 2020.

The minimum qualifying rate for insured mortgages will now be the greater of:

  • The borrower’s contract rate, which is the mortgage interest rate agreed to by the lending institution and the borrower; or
  • The new Benchmark Rate.

The new Benchmark Rate will be more responsive to market conditions by tracking the actual mortgage rates offered by lenders at the application stage. These rates have been shown to be consistent with final mortgage contract rates. Using the application data allows for more timely data to be published.

The Minister of Finance will have the authority to adjust the buffer.

The new Benchmark Rate for insured mortgages will be published weekly on the Bank of Canada’s website, and will be based on submitted mortgage insurance application contract rates.

The new Benchmark Rate for insured mortgages will be published at two decimal places. If, on any given week, there are any delays in updating the new Benchmark Rate, the previous week’s published Rate will stand until a new Rate is published.

Context

Mortgage insurance standards include requirements for a minimum down payment, and maximum mortgage amortization period, along with other factors such as minimum credit scores and maximum debt servicing levels. The standards also include minimum qualifying rates for insured mortgages. Currently, borrowers taking on an insured mortgage must qualify at the greater of the:

  • Borrower’s Contract Rate, which is the mortgage interest rate agreed to by the lending institution and the borrower; or
  • Bank of Canada 5-Year Benchmark Posted Mortgage Rate, which is the mode of the posted 5-year conventional mortgage rates offered by the six largest banks.

The Department of Finance Canada, in consultation with the Office of the Superintendent of Financial Institutions, the Bank of Canada, and the Canada Mortgage and Housing Corporation, has reviewed the minimum qualifying rate for insured mortgages.

In 2016, the Minister of Finance required that this test apply to all insured mortgages.    

The Bank of Canada 5-Year Benchmark Posted Mortgage Rate has typically been about 200 basis points (or 2%) higher than the average 5-year fixed contract rate for insured mortgages. For this reason, the Bank of Canada 5-Year Benchmark Posted Mortgage Rate was assessed to be a prudent floor for borrowers, i.e., a buffer against rising interest rates, disruptions to household income, or unforeseen expenses.

Recently, the Bank of Canada 5-Year Benchmark Posted Mortgage Rate has not been as responsive to average mortgage contract rates, tracking at more than 200 basis points, approximately the historical average. The Bank of Canada 5-Year Benchmark Posted Mortgage Rate is also less representative of average contact rates as it only considers Canada’s six largest banks, and the “posted”, and not “actual” rates offered to borrowers by those banks.

The review concluded that mortgage standards continue to ensure borrowers are able to afford their homes even if interest rates rise, incomes change, or families face unforeseen expenses. As well, it concluded that the new minimum qualifying rate (stress test) should be more responsive to changes in market interest rates and economic conditions.


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Welcome to 200 Keary Street - Also know as the Anvil


This is a 9 story concrete structure in Sapperton New Westminster.  It probably has one of the best walk scores in the city compared to any other building.  It is across from Royal Columbian Hospital.  It situated right on top of Sapperton Skytrain Station.  It is steps away from Browns Social House, Save-On Foods, TD Bank, Flower Shop, Freshii Sapperton, Parks and Breweries.


This building is great for investment as it allows 100% Rentals at great CAP Rates.








Elio

Parente

RE/MAX City Realty

Realtor®

Medallion Member,

Vancouver, British Columbia

604-720-8829




I have enjoyed the great pleasure of growing up in one the best most liveable cities in the world: Vancouver, British Columbia. Where else can you find a variety of great restaurants, fantastic entertainment, warm and friendly people, top quality schools, beautiful parks, mountains lakes and the Pacific Ocean? Vancouver has to be one of the greatest places to live and that is why I love selling Real Estate here! Out of all the places in the world I have travelled to, it always feels great to come back home.


There are not many realtors with my experience, dedication and perseverance. Many other agents seek my counsel during transactions, during marketing presentations, and for general advice about the real estate business. I truly consider myself the Professional’s Professional who goes the extra mile for each and every client – I like to feel that I treats my clients with the fiduciary status and duty that the law requires. I honestly love my job and helping people fulfil their dreams of owning Real Estate.



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This is one of my favouirte buildings to sell in.  The NEWS in Downtown New Westmisnter.  This complex consists of 3 buldings and a townhouse complex with a couple different stratas. 


813 Agnes Street

833 Agnes Street

814 Royal Ave

838 Royal Ave


It is situated 1 block from the New Westminster Skytrain Station.  Walking distance to Safeway, Save-On Foods, BC Liquor Store, Boston Pizza New West.  










Elio

Parente

RE/MAX City Realty

Realtor®

Medallion Member,

Vancouver, British Columbia

604-720-8829




I have enjoyed the great pleasure of growing up in one the best most liveable cities in the world: Vancouver, British Columbia. Where else can you find a variety of great restaurants, fantastic entertainment, warm and friendly people, top quality schools, beautiful parks, mountains lakes and the Pacific Ocean? Vancouver has to be one of the greatest places to live and that is why I love selling Real Estate here! Out of all the places in the world I have travelled to, it always feels great to come back home.


There are not many realtors with my experience, dedication and perseverance. Many other agents seek my counsel during transactions, during marketing presentations, and for general advice about the real estate business. I truly consider myself the Professional’s Professional who goes the extra mile for each and every client – I like to feel that I treats my clients with the fiduciary status and duty that the law requires. I honestly love my job and helping people fulfil their dreams of owning Real Estate.



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The Real Estate Board of Greater Vancouver is calling on Ottawa to revisit the mortgage stress test.

 

The board’s president Phil Moore questions whether the mortgage stress test introduced last year is still needed.

“It disqualifies people who can afford the payments, yet can’t buy a home that their family needs because of the harshness of the stress test requirements,” Moore said.

READ MORE: Could you pass the mortgage stress test? Here’s how to find out

He added the board believes in responsible lending but there is a balance and the test has caused more harm than good in Vancouver’s hot housing market.

” It’s actually forcing more buyers in the lower price range, making that price range more competitive.”

WATCH: Coverage of the mortgage stress test on Globalnews.ca


Credit to



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Ever had an agent deny to show you a home because you weren’t pre-approved for a mortgage? It’s not because they’re mean, or they don’t value your business… it’s actually because they’re looking out for your best interests.

Let’s face it, shopping for a home before getting pre-approved for a mortgage is like walking into a grocery store without a wallet. You may have the desire to buy, but you lack the ability. Let’s cover some basics…

What is a mortgage pre-approval?

In a nutshell, a mortgage pre-approval is written assurance from a lender or broker that you’re able to borrow money to purchase a home up to a certain amount. It’s based on the income, employment and asset documentation you supply at the time of application, in conjunction with your credit history. So let’s look at the 6 reasons you should get pre-approved.

1. It carries more weight than a “pre-qualification”.

pre-approval differs from a pre-qualification. With the former, the lender has actually checked your credit and verified your documentation to approve a specific loan amount (usually for a particular time period such as 30, 60 or 90 days). A pre-qualification can be useful as an estimate of how much you can afford to spend on your home, but it’s a less accurate indicator of your ability to purchase. A pre-approval always carries more weight.

2. You’ll know how much house you can afford.

Getting pre-approved before you begin house hunting allows you to know how much house you can realistically afford. Knowing this narrows down the options and makes the selection process more efficient. Not to mention, it protects you from the unpleasant surprise of realizing the home you fell in love with doesn’t fit your budget.

3. It adds clout to your offer.

In many markets, homes attract more than one offer. If the sellers are weighing one offer against another, they may lean towards the one accompanied by a pre-approval letter. That’s because pre-approvals instill confidence that the buyer is financially capable of purchasing their home.

4. It could increase your negotiating power.

In addition to strengthening your offer when compared to buyers who haven’t taken this step, getting pre-approved may give you the upper-hand when negotiating the price. If the homeowner is eager to sell, they may be more willing to accept a lower offer from someone they’ve been assured is financially capable of purchasing their home.

5. It saves time.

Obtaining a mortgage is a lengthy process. Getting pre-approved ahead of time shortens the time between contract to close — this way you’re ready to proceed with finalizing the mortgage once you’ve found the home you want to purchase.

6. Without it, most agents won’t work with you.

Makes sense, too. Right? Think about it: when you hire an agent, he/she will invest countless hours showing you homes over the course of your house hunt. If you were in their shoes, wouldn’t you want assurance that your hard work would lead to a favorable outcome for both you and your client?

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If you have a garage, you know it offers a range of benefits. Not only does it shelter and protect your car from the elements, it also serves as a spot to store tools and other equipment.

But, it’s easy (and common) for a garage to get so filled and disorganized with everything else that needs to be stored, that people are unable to even fit their car inside it.

If you’re among that group, or you’d simply like to streamline this space, there are multiple ways to upgrade your garage. Take a look at some of the options for enhancing this extension of your home.

1. Upgrade Your Garage Door

A new garage door boosts your curb appeal. Whether you’re looking to boost your value when you go to sell, or just take pride in the appearance of your home, a new door will go a long way in helping your home look good.

At the same time, if you choose one with better insulation, it can help you warm up the space and reduce heat and energy loss. When shopping for an upgrade, look for one with a high R-value, which is an indicator of the doors resistance to heat flow. If your garage is attached to your home, it’s best to select a garage door with an R-value of at least R‑10. If it’s detached and unheated, a lightly insulated or non-insulated door should be sufficient.

If you’re not in the market to replace your door, give it an inspection and be sure that the door’s rubber gasket and weatherproofing are intact. This will make it more energy efficient at the same time it keeps pests from sneaking inside.

Pro tip:

While you’re at it, for ease and convenience, you can retire your garage’s remote control and manage your garage door through your smartphone or even through Alexa with a smart garage door opener. This high-tech amenity will allow you to establish rules for automatic opening or closing, and will even remind you when you’ve forgotten to close the door.

2. Install Organization Systems

If you’ve got power tools mixed in with sporting or landscaping equipment, it can be tough to find or get at what you’re ever actually looking to find. Beyond that, your garage may be an accident waiting to happen.

Though it may seem like a massive undertaking, installing organization systems is simpler than you’d think. And, they’re great to create order and make it safer in your garage.

Whether you choose shelving units or hanging organizers, you’ll get that clutter sorted and off the floor, which eliminates the hassle of hunting around for items when you need them. If you have the room, overhead storage maximizes your space and provides a nice home for bicycles or other large items.

3. Fix Up The Flooring

The floor of your garage takes a beating from your vehicle and its potential spills and leaks. If you want to feel better about this space every time you enter it, improve the floor.

The good news is you don’t have to take up your existing floor and install a brand new one to tackle this project. Instead, apply epoxy, which is a durable and long-lasting coating that can be applied to a stone or concrete floor. It’s an easy and affordable fix that makes an eye-catching difference.

4. Insulate The Walls

If you’re a hobbyist who spends a lot of time in the garage, you know it can get pretty chilly during fall, winter, and early spring. Insulating this area will not only make it more enjoyable while you’re tinkering around on your latest project, but it’ll also keep your home more comfortable.

Upgrading your garage door is a great start, but adding insulation will make your garage even more energy efficient and it also provides a bit of sound-proofing. If there’s a room above the garage, don’t forget to insulate the ceiling as well.

5. Add A Lift

If you have more than one vehicle but a single-car garage, a lift allows you to park two cars under one roof. But, even if you have a two car garage (or more), adding a lift can add more room for more cars. Or, even if you don’t have that many cars, it can help by giving you the ability to get cars off of the floor and give you some working space. And, it’s a handy feature for the car enthusiast who enjoys doing all their own maintenance and repairs.




So, take a tip or two from this article and get started! With a little effort and a few extra touches, the garage may quickly become one of your favorite spots.


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You’ve probably heard about the tiny home movement and how some people do a drastic downsizing in an effort to live more simply. You may have even wondered if it’s for you.

Obviously, there are some pretty big benefits. For starters, who wouldn’t love to shrink their mortgage payment? And what about saying goodbye to the endless housework that often accompanies a larger dwelling? Or, perhaps it’s just the appeal of a simpler, more streamlined life…

As appealing as those perks sound, there’s a lot to think about before trading your regular-size home for a tiny one. Let’s explore some of the considerations you should make before making the move toward tiny living.

1. How tiny is too tiny?

The typical American home is approximately 2,600 square feet. Compare that to the average small or tiny home, which falls between 100 and 400 square feet. With that in mind, it’s important to give serious thought to whether you’ll be able to truly enjoy life in such close quarters. If you have a growing family or love to entertain, having space constraints may cramp your style — literally.

Before committing to a tiny home, consider renting one so you can get a feel for the minimalist lifestyle before taking the plunge. Visit Glamping Home’s website to view rental properties available worldwide. (Or, you could just try living in one small portion of your own current home for a week, without using the rest of the house.)

2. Where will you put it?

Once you’ve decided that a tiny home will be a good fit for your lifestyle, you’ll need to determine if and where you can place it. Zoning laws, which govern the type of physical structures that can exist in a town, city, or county, vary by specific location.

If your tiny home is on wheels, you may encounter a bit more flexibility as it’s viewed as a recreational vehicle (RV). Those, however, also face restrictions. In fact, many local ordinances don’t allow people to live in an RV as a permanent residence.

So, before you set your sites (and money) on a tiny home, make sure you know for sure where you will be putting it.

3. Buy or build?

One way to avoid dealing with potential zoning issues is to purchase a pre-owned tiny home. To find one in your desired area, check out some listings on Tiny Home Builders’ Tiny House Marketplace or Realtor.com.

If you can’t find what you’re looking for, or are up for a DIY project, you can build your own from a kit. Easier than ever to find, an array of options is available through Amazon.com. You can also purchase premade homes through tiny house builders such as Tumbleweed Tiny House Company.

But, again, with these last two options, you’ll need to be certain you’re following local zoning laws before choosing a plot for your new property.

4. How will you pay for it?

When you think of tiny homes, you probably imagine a correspondingly small mortgage. While that’s true in some cases, a custom-built, luxury tiny home may set you back as much as $150,000. On the other end of the spectrum, a DIY-built tiny home may cost significantly less at anywhere from $35,000 to $45,000.

No matter how much it costs, when it comes to paying for a tiny home, if you need a mortgage, a lot will depend on your lender’s view of these diminutive dwellings. While it may be possible to get a traditional mortgage, you might find that it isn’t easy or even possible.

So do some research up front to determine what loan products are available to you, and that you will qualify for, prior to getting to far into the process of picking one out and finding a spot to put it permanently.

Also, don’t forget, you may need to factor in the cost of the land if you’re buying a plot on which to place your tiny home. Land can also be a bit tricky to find financing for.

5. What about utilities?

While most tiny houses get their utilities through power companies the same way conventional homes and RVs do, for tiny home owners who wish to live “off-grid” it’s a bit more complicated. These individuals are tasked with providing their own services, which may include water, electricity, internet, cable television, and other amenities we often take for granted. Accessing these can become costly depending on how removed you are power suppliers.

While the appeal of a simpler life may ultimately be worth the effort it takes you, it may not be a simple process… So, if you’re pondering making a move toward a tiny home, make sure to weigh these factors before selling your traditional home, or you could be in for some surprising issues you didn’t anticipate.






 
 
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Whether you’re preparing to move or planning to stay put for the foreseeable future, any time is the right time to get your home in order. Streamlining your spaces not only saves you time, but it can also make you feel happier and more relaxed in your environment.

That said, organizing and decluttering can seem overwhelming initially. Rather than give up before you’ve even begun, consider breaking it down room by room to help you maintain your momentum. While each space presents a different set of challenges, there are some common strategies you can employ as you approach these areas.

For example, in each room you’ll likely find items that you want to keep, donate, or toss. With that in mind, before you start, have clearly-marked bags or boxes at the ready so you aren’t tempted to leave the room (and not return to the task at hand). Separate your things by category and keep only what you truly need or want.

The following is a room-by-room guide that’ll help you get your house in order.

The Bedroom

If you face a daily struggle with finding your belt or that one shoe that always goes missing, straightening up your bedroom (including that cluttered closet and those overflowing drawers) can help you save precious minutes in the morning and look your best at the same time.

Start by going through your clothing and accessories and decide what you want to keep, donate, or ditch. This is easier than it sounds. Keep it simple and straight-forward—get rid of anything you haven’t worn in the past year or two. If you haven’t worn it in that long, what’s the chances you’re going to in the next year or two?

If you have your heart set on saving something you haven’t worn in a while, make sure it still fits. Once you’ve thinned out your wardrobe, buying new hangers in one solid color and style diminishes the visual clutter and presents a pleasing, tidy look.

Next, put things in order… Arrange your clothing from light to dark colors, so it’s easy to find that white blouse without having to dig through the contents of your closet.

Then, get things like your purses, hats, tote bags, and belts off the floor by installing hooks, which also makes it easy to find what you need at first glance.

The Bathroom

If you have an under-the-sink vanity or medicine cabinet, these are great places to begin. Take everything out and you’ll be able to quickly determine which items you still use and which are well-beyond their expiration dates. If you have old medications, dispose of them properly. Discard old cosmetics and skincare products you no longer use.

Next, take stock of the shower and tub. It’s not uncommon for people, especially kids, to leave empty shampoo bottles lining the rim of the tub. But, don’t just get rid of the empty bottles—try and keep only the products used on a daily (or at least regular basis) in the tub or shower.

If you have kids, and it looks more like a playroom than a bathroom, gather the toys into a storage basket that offers proper drainage, and try and find some room in a linen closet to stow it away.

The Kitchen

Keeping the kitchen organized is a high priority since it’s probably the busiest room in your home. If you’re short on space, you may want to remove items like breakfast and granola bars from their cardboard boxes and stack them or place them in clear tubs where hungry snackers on the go can find them in a hurry. You’ll be amazed at how much space boxes were taking up. (This also eliminates the issue of people putting empty boxes back in the cupboard.)

While you’re going through your pantry, this is another great opportunity to check expiration dates, and remove items that are outdated or have gone stale, or simply never get eaten by anyone.

If you have space, install a turntable that grants easy access to an array of items in a single spin. A spice rack can also help you save space and make cooking a bit more efficient.

Take a look at the pots and pans you have. Are there any that you never use? How about all of the cooking utensils crammed in the hard-to-open drawer? There’s bound to be some things in the drawers and cabinets that you can get rid of if you just take a little inventory.

The kitchen, particularly an island or countertop, is a notorious depository for junk mail. Keep a recycling bin nearby so you can eliminate all that paper immediately, rather than just keeping an ever-growing pile of it out in the open. Just doing this will make your kitchen look tidier!

The Living Room

Whether you’re entertaining or hanging out alone, you still want this room to look its best. Baskets are a great way to “hide” the clutter in plain sight. From storing magazines and books, to kids’ toys and games, baskets come in all shapes, sizes, and styles, making them as decorative as they are functional. And, they make the stuff you have just laying around look like it should be there.

But, just as you did with your other spaces, sort through your items before you stash them in a basket or end table drawer. There’s no sense in holding on to pieces that you don’t use or need. Is anyone really going to read the magazines that’ve been piling up on the end table for months (or years!)?

Unless you’re Marie Kondo, decluttering may not “spark joy” at first. But even if this isn’t your favorite way to spend a day, once everything is in order, you’ll be glad you did it.

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Ready to embark on a home improvement project? Unless you’re a skilled do-it-yourselfer, you’ve probably hired a contractor. Most likely, you’ve done your due diligence by getting multiple estimates and checking to see that the pro you’ve selected is licensed and insured. Maybe you’ve also asked for references from previous clients and even gone as far as to request before-and-after photos that have you more eager than ever to watch your project go from dream to reality.

But even with all that legwork out of the way, there are still a few things you should keep in mind when hiring a contractor. Whether renovating a powder room or putting on an addition, the following are some universal truths homeowners often learn the hard way. Knowing these issues exist before your project gets underway can at least make them a bit more bearable.

1. Now you see ‘em …. now you don’t!

Although you might be laser focused on the end result (that brand new room!), don’t forget that unless you’re moving out, you’ll have to live through the process. While it’s exciting to see the transformation take place, it’s probably not going to happen without a few inconveniences.

One of the first things you may notice is that your contractor is a bit like a magician. Not only is this pro able to dazzle you with their skills, but they’re often pretty good at making themselves disappear when you least expect it, or for what seems like an eternity.

Don’t worry, it’s nothing you’ve done. This is a common practice. Often, contractors, who are juggling multiple jobs, get called away to another site. Other times, they’re simply forced to wait for materials for your project, inspectors to come and check the progress, or a subcontractor to arrive so they don’t show up. So, you may not see your contractor for a day or two (or three) at times.

Yes, it can be upsetting when you expect to see your contractor on the job day after day, but it’s all par for the course with a home improvement. So, just brace and prepare yourself for it to happen.

2. You’ll get a lot of “ballpark” estimates.

Between the costs, times, and timeframes, you’re likely to get a lot of rough estimates for the work you are having done.

You’ve most certainly heard friends or family complain about a project going over budget, and beyond the length of time they were told it would take. So, you proabably already aware that it’s a possibility, but hopefully one you’ll avoid. Either way, those ballpark estimates won’t be totally news to you.

But, what might be a bit surprising to you is the ballpark estimates you get on actual time…

For instance, you may get a call or text letting you know a crew will be arriving at 8 a.m. the following morning. Consider this a rough estimate. That could mean you see your contractor at your door at the crack of dawn, or perhaps around noon.

Still much better than a disappearing act!

3. Your contractor is not a designer.

You may be desperate for another opinion on that paint color or light fixture, but remember most contractors aren’t interior designers. Of course, your contractor may have some good insight and advice. While your pro may weigh in, don’t rely on them to make decisions for you.

If you’re going to need a lot of hand-holding through this process, or help choosing the look and feel of every little thing, it’s best to hire a designer at the outset to help bring your vision to life and keep the project moving along.

4. You’ll have a love-hate relationship by the end of the job.

Much like when you’re expecting friends and family to visit for an extended period, your initial excitement fades as their stay drags on, and before you know it, you can’t wait for them to leave.

The same holds true for your contractor. You’ll certainly be excited for them to get there. You may even like and enjoy them during the process. But, as your project nears completion, even if you love your contractor, you’ll find yourself frequently fantasizing about having your home all to yourself again.




Hopefully any renovation project you hire a contractor for will go as smoothly as possible. And, hopefully, knowing these four finer points will help you keep your perspective and expectations in check. Because, just knowing what to expect can help to make it feel smooth, knowing that it’s common and not just you who goes through it.
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Low supply continues to limit Metro Vancouver home buyers

 

Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 per cent decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2 per cent compared to January 2017 when 1,523 homes sold.

 

Last month’s sales were 7.7 per cent below the 10-year February sales average.

 

“February home sales were well below the record-breaking activity from one year ago and in line with our long-term historical average for the month,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “Limited supply and snowy weather were two factors hampering this activity.”

 

New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,666 in February 2017. This represents a 36.9 per cent decrease compared to the 5,812 units listed in February 2016 and an 11.4 per cent decrease compared to January 2017 when 4,140 properties were listed.

 

This is the lowest number of new listings registered in February since 2003.

 

The total number of properties currently listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver is 7,594, a four per cent increase compared to February 2016 (7,299) and a 4.9 per cent increase compared to January 2017 (7,238).

 

The region’s sales-to-active listings ratio for February 2017 is 31.9 per cent, a 10-point increase from January. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

 

“While home sales are not happening at the pace we experienced last year, home seller supply is still struggling to keep up with today’s demand. This is why we’ve seen little downward pressure on home prices, particularly in the condominium and townhome markets,” Morrison said.

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $906,700. This represents a 2.8 per cent decrease over the past six months and a 1.2 per cent increase compared to January 2017.

 

Sales of detached properties in February 2017 reached 745, a decrease of 58.1 per cent from the 1,778 detached sales recorded in February 2016. The benchmark price for detached properties is $1,474,200. This represents a 6.5 per cent decrease over the past six months and is unchanged compared to January 2017.

 

Sales of apartment properties reached 1,275 in February 2017, a decrease of 28.8 per cent compared to the 1,790 sales in February 2016.The benchmark price of an apartment property is $526,300. This represents a 2.3 per cent increase over the past six months and a 2.7 per cent increase compared to January 2017.

 

Attached property sales in February 2017 totalled 404, a decrease of 33.1 per cent compared to the 604 sales in February 2016. The benchmark price of an attached unit is $675,500. This represents a 0.3 per cent decrease over the past six months and a 1.3 per cent increase compared to January 2017.

 

For a full stats package for your neighbourhood email me @ lowermainlandproperty@gmail.com

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Commercial real estate sales reach a five-year high in the Lower Mainland

Demand for land helped commercial real estate sales and dollar volume reach five-year highs in the Lower Mainland in 2016, according to data from Commercial Edge, a commercial real estate system operated by the Real Estate Board of Greater Vancouver (REBGV).

There were 2,848 commercial real estate sales in the Lower Mainland in 2016, a 21 per cent increase over the 2,353 sales in 2015.

Commercial real estate sales in 2016 were 29.7 per cent above the region’s five-year sales average.

The total dollar value of commercial real estate sales in the Lower Mainland was $12.990 billion in 2016, a 47.4 per cent increase from the $8.815 billion total in 2015.

“We saw steady activity across the commercial real estate market in 2016,” said Dan Morrison, REBGV president. “It’s no surprise that land sales had the largest increase last year given the supply shortages we’re experiencing in our residential and commercial markets today.”

2016 activity by category

Land: There were a record 1,177 commercial land sales in 2016, which is a 41 per cent increase from the 835 land sales in 2015. The dollar value of last year’s land sales was $7.202 billion, an 81.3 per cent increase over $3.973 billion in 2015.

Office and Retail: There were a record 918 office and retail sales in the Lower Mainland in 2016, which is up 12.8 per cent from the 814 sales in 2015. The dollar value of last year’s office and retail sales was $3.621 billion, a 46.9 per cent increase over $2.466 billion in 2015.

Industrial: There were 612 industrial land sales in the Lower Mainland in 2016, which is up 9.9 per cent over the 557 sales in 2015. The dollar value of last year’s industrial sales was $1.067 billion, a 3.4 per cent increase over $1.032 billion in 2015.

Multi-Family: There were 141 multi-family land sales in the Lower Mainland in 2016, which is down 4.1 per cent over the 147 sales in 2015. The dollar value of last year’s multi-family sales was $1.100 billion, an 18.2 per cent decrease from $1.345 billion in 2015.

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I have listed a new property at 11565 - 11567 248 ST in Maple Ridge.
Country living. 11.68 Acre property. 10 minutes East of town centre. Older farm house, build your own estate on this great property or hobby farm. Part of the property is in the ALR, in need of some TLC. Private acreage, located at the end of a quiet no thru street. Bring your ideas.
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I have listed a new property at 307 6833 VILLAGE GREEN in Burnaby.
Investors & First Time Buyers! Fantastic opportunity to own a 1 bedroom in the South Burnaby area, close to transit, shopping and Highgate Village. This Beautifully kept unit looks North West into a serene treed view. Unit is open and spacious, bright and quiet. The unit comes with 1 parking spot, and allows FULL RENTALS & pets! This unit has it all, bright and cozy windows with a bench seat to sit and read. This is a problem free building. Award winning Adera. This won't last. All meas are approx. All you have to do is move in. Open House(s) on March 16th from 5pm-7pm and March 19th from 2pm-5pm and private showings in between.
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Please visit our Open House at 307 6833 VILLAGE GREEN in Burnaby.
Open House on Thursday, March 16, 2017 5:00PM - 7:00PM
Investors & First Time Buyers! Fantastic opportunity to own a 1 bedroom in the South Burnaby area, close to transit, shopping and Highgate Village. This Beautifully kept unit looks North West into a serene treed view. Unit is open and spacious, bright and quiet. The unit comes with 1 parking spot, and allows FULL RENTALS & pets! This unit has it all, bright and cozy windows with a bench seat to sit and read. This is a problem free building. Award winning Adera. This won't last. All meas are approx. All you have to do is move in. Open House(s) on March 16th from 5pm-7pm and March 19th from 2pm-5pm and private showings in between.
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Please visit our Open House at 307 6833 VILLAGE GREEN in Burnaby.
Open House on Sunday, March 19, 2017 2:00PM - 5:00PM
Investors & First Time Buyers! Fantastic opportunity to own a 1 bedroom in the South Burnaby area, close to transit, shopping and Highgate Village. This Beautifully kept unit looks North West into a serene treed view. Unit is open and spacious, bright and quiet. The unit comes with 1 parking spot, and allows FULL RENTALS & pets! This unit has it all, bright and cozy windows with a bench seat to sit and read. This is a problem free building. Award winning Adera. This won't last. All meas are approx. All you have to do is move in. Open House(s) on March 16th from 5pm-7pm and March 19th from 2pm-5pm and private showings in between.
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.