Yes! Mortgage rates have climbed slightly from their all time low. Historically low funding costs for canadian banks translated to deep discounting of mortgage rates for Vancouver home buyers. Some banks are still lending fixed rate mortgages at well below the prime rate. Apparantly the rise in Canadian interest rates may have more to do with what's going on in the USA than in our domestic economy.

Or perhaps markets are pricing in a more positive global market outlook. 

Economists are predicting a modest increase in the 5 year fixed rate, with perhaps a 1/2 point rise by end of 2014.

Buying or Selling Vancouver real estate? Put my hyper-local experience to work for you! Call Maggie today! 604-328-0077

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The Federal Government hit the Canadian real estate market on the head with a hammer in Spring 2012 which sent it reeling but the housing market has proven to be more resilient than the Doomsday predicitons and has bounced back in 2013, with expectations that the last half of this year will perform better than the first half. The market is stablizing after undergoing a government induced soft landing.

Sales in June increased across the country.  Some Vancouver real estate has dropped as much as 20% from the peak. While we do not expect to see a jump on prices any time soon, neither do we expect to see another big drop but perhaps a flat market for a while. As the listings decrease the buyers are still dealing with a good selection of properties and there are less highly motivated sellers in the market than there was last fall.

Buying or Selling Vancouver real estate? Put my hyper-local experience to work for you! Call Maggie today! 604-328-0077


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When you purchase a Vancouver property you are given a copy of the title to review prior to making a firm commitment to buy. I always suggest to my buyer clients that they have a lawyer review the title and explain the charges on it.

What's Registered on the Title of a Vancouver Home?

The legal description of a property, including:
• the parcel identification (PID);
• taxation authority;
• registered owner and their address;
• the title number;
• the previous title number;
• legal notations against the property (may include heritage);
• charges, liens and interests (under-surface rights, rights of ways, covenants, judgments);
• whether a duplicate title has been ordered and by whom, and
• transfers and pending applications

What is not registered on title of a Vancouver Property?

• Archaeological sites.
• Former grow ops and illegal drug labs.
• Heritage designations (not always on title).
• Highway entitlements.
• Stigmatized property.
• Streamside issues – if there are fish-bearing ditches or creeks on the property.
• Underground fuel storage tanks.

 

How to Discouver the Facts about a Vancouver Property?

• The City of Vancouver confirms if a property has been used as a grow op or illegal drug lab to anyone phoning
604.871.6231. The City does not provide the owner’s name in keeping with privacy legislation.

There is a BC Heritage Sites Inventory. Information about its properties comes from local governments, so start there first.
• Check the BC Archaeological Site Inventory at 
 www.for.gov.bc.ca/archaeology/accessing_archaeological_data/index.htm.You can also phone: 250 953-3338.
• Search the BC Government’s Contaminated Sites Registry which lists some contaminated sites. It is available through

 www.bconline.gov.bc.ca.(Go to Products). There is a charge to access the database.

 

Buying or Selling a Vancouver property? Put my hyper-local experience to work for you!

Call Maggie today! 604-328-0077

 

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What are the top ten mistakes Vancouver home sellers make?

  1. my friend sells real estate
  2. your presentation sounds good, I'll list with you
  3. you're the only agent that agrees with my selling price
  4. i don't need references, i'm a good judge of character
  5. i'm going to list with the one who has the lowest comission
  6. all Realtors know the same things
  7. this agent sold more homes last year than anyone else
  8. this Realtor will hold open houses every weekend until my home sells
  9. this Realtor has a team and many assistants
  10. this Realtor works for a national company, so must be good

Conclusion?

Choose a Realtor who has the best marketing plan

has exceptional inter-personal skills and communicates with the seller to make the process as smooth as possible

prices the home competitively to find a buyer

finds ways to fix up the home to sell it for the top price, within a specific time frame

has experience and exceptional negotiation skills 

is experienced in working both in buyers and sellers markets, so understands the suttle differences of marketing

specializes in your neighbourhood and can demonstrata hyper-local experience

Buying or Selling a Vancouver waterfront property? Put my hyper-local experience to work for you today!

 

 

 

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Completed just before Vancouver' hosted the 2010 Winter Olympics, the Skytrain has an instant success. It travels from Vancouver to Richmond in 24 minutes. From Vancouver to the Airport in 26 minutes. It is 19.5km in length.

It has 16 stations with the ability to add up to 4 more in the future. There are over 100,000 riders daily.

The values of single family medium density residential properties were higher near a station. The values of commercial properties were higher near a station. The values of single family residential properties abutting elevated sections of a rapid transit lines were lower due to nuisance impacts.

Buying or Selling Vancouver real estate? Put my hyper-local experience to work for you today!

 

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Vancouver's real estate market is always changing. Currently the buyers are returning to the market, which is busier than it was a year ago. So let's take a look at who the buyers are.

According to REBGV, the stats for the first five months of 2013 show 20% of buyers are purchasing properties with cash. 56.4% are buying with 25% or more downpayment (conventional mortgage) and 23.6% are buying with less than 25% down (high ratio mortgage).

The largest group of buyers are families with children, which account for 34.7%. Followed by young couples with no children at 20.6%, single females at 15.6%, single men at 10.1%, empty nesters at 6%, retirees at 6.5% and other at 6.5%.

59.7% of the buyers already lived in the same community in which they purchased another Vancouver home. 34.2% moved within Greater Vancouver area. 4% moved from Fraser Valley, 5.5% moved from outside BC and 5% moved from outside of Canada.

First time buyers made up 40.7% of home purchases for the first five months of 2013. Followed by 23.6% of buyers who moved from one property to a similar property. 9% moved from a condo or townhome or house to a house.. 4% moved from a condo to a townhome. 3.5% moved from a townhouse or house to a condo and 3.5% moved from a house to a condo. 1% moved to a retirement home. 

10% of the buyers wer local investors and 2.5% were foreign investors.

Buying or Selling Vancouver real estate? Put my hyper-local experience to work for you today!


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There are only a handful of luxury Vancouver hotel/condo buildings - Shangril-la, Fairmont, Rosewood's Georgia and coming soon the Trump Tower.

The Fairmont is 47 storeys and has over 800,000 square feet of retail, hotel and condo space, located at 1011 West Cordova, on the corner of Burrard and sits behind the low-rise Convention Centre. Developed by Westbank projects Corp and the Peterson Investment Group. It is home to 173 luxury condos and the building completed at the end of 2009. The average of the condos sold for $1.9M.

Amenities include valet parking, a concierge, room service and all the pampering that goes along with living in a hotel.

The hotel has a spa and an amazing gym, outdoor pool and patio, music lounge. 

The condos boast some of the best views in Coal Harbour - enjoying the mountains and water and feature mostly large two bedrooms.

 P.S. I am your Vancouver Realtor with hyper-local experience!

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Please visit our Open House at 213 2680 4TH AVE W in Vancouver.

Open House on Sunday, July 14, 2013 1:30 pm - 3:30 pm

WELCOME HOME! I'm a 2 bedroom 2 bath condo in cool Kitsilano, steps to coffee shops, restaurants, transportation, schools, the library, the parks and Kits Beach. My building is well maintained and boasts a rooftop deck with great views. I'min perfect condition and have an open floor plan with gleaming maple floors, a large kitchen with lots of counter space and lovely maple cabinets and a breakfast bar. Cozy up to my gas fireplace or enjoy my large balcony enhanced in spring by beautiful trees. Secured parking and insuite laundry of course. I have lots of storage and a master bdrm walk-in closet. Drop by and admire! 1 dog or 3 cats. Rentals restricted. Open House: Sat & Sun, July 6th & 7th 1:30-3:30 PM.

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When you buy a Vancouver condo you may be under the impression that the strata's insurance coverage is sufficient. This is not the case. The strata's insurance coverage looks after the structure itself, it does NOT provide any coverage at all for the contents of your home, the replacement value of which can quickly escalate for even very modest condos.

 

The other important element not covered by the strata insurance is personal liability.This becomes a significant issue when it comes to the matter of water damage and claims. Strata corporations are now feeling the weight of increased premiums and deductibles on their insurance and are very sensitive to water damage and claims.

 

Individual owners should be aware that if their condo can be proven to have caused damage to the building (e.g. overflowing tub or malfunctioning dishwasher) they can be sued by the strata council for the damage caused.

 

An insurance policy for the contents of your strata home includes protection for personal liability. If you do not have such a policy you will face legal action on your own.

 

P.S. I am your Vancouver real estate Realtor with hyper-local experience!

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Please visit our Open House at 213 2680 4TH AVE W in Vancouver.

Open House on Sunday, July 7, 2013 1:30 pm - 3:30 pm

WELCOME HOME! I'm a 2 bedroom 2 bath condo in cool Kitsilano, steps to coffee shops, restaurants, transportation, schools, the library, the parks and Kits Beach. My building is well maintained and boasts a rooftop deck with great views. I'min perfect condition and have an open floor plan with gleaming maple floors, a large kitchen with lots of counter space and lovely maple cabinets and a breakfast bar. Cozy up to my gas fireplace or enjoy my large balcony enhanced in spring by beautiful trees. Secured parking and insuite laundry of course. I have lots of storage and a master bdrm walk-in closet. Drop by and admire! 1 dog or 3 cats. Rentals restricted. Open House: Sat & Sun, July 6th & 7th 1:30-3:30 PM.

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Vancouver sellers who are trading down or trading up and therefore buying and selling at the same time often have difficulties with the Closing Date. Trying to co-ordinate two closing dates is sometimes impossible. In most cases, the sale closes first, with the purchase completing after the sale.

Hopefully, both deals can complete a day apart. Often sellers will not wish the buyer of their Vancouver home to move into the property until the latter half of the day, so the transition from one home to the other is often stressful.

Closing the sale before the purchase means the seller literally is homeless between closings. That necessitates finding an alternative place to live, and storing the furniture.

What about the flip side, when the purchase closes days or weeks before the sale? The funds to finalize the purchase can be a real predicament, since he funds for the sale won't be available until the sale closes. 

There is a solution - bridge financing! It involves arranging a short term loan to purchase, that's repaid (along with interest and costs) when the sale is completed.

 

P.S. I am your Vancouver real estate Realtor! Put my hyper-local experience to work for you!

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Why have a Vancouver Real Estate Consultation with Maggie Chandler?

No-one likes to waste time but many purchasers do, they don't take the time to sit down with their Realtor to learn about the home buying process and let the Realtor know, in great detail, what your house needs are. This is the purpose of a Buyer's Consultation. 

 

My experience of working with hundreds of Vancouver real estate buyers over the years, has given me the knowledge to educate you about the whole process and taught me to listen to your needs. Even if you have purchased a property recently, a quick review of the process might be in order to refresh everything in your mind! It only takes a half hour. Isn't that worth it when yu plan to make a major investment such as a home?

 

Here's what I'll review with you 

  • i ask you several questions designed to give me some information about what experience you have had in purchasing a home and your knowledge of the home buying process
  • do an overall review of the Home Buying Process
  • discuss the various facets of mortgage financing, including your closing costs
  • review the contract of purchase and sale, negotiations, offers, subject clauses and possession dates
  • explain buyer agency agreement, buyer contract and review the services I offer as a Buyer Agent
  • review your priority list and your specific "wish list"
  • provide current market graphs for your area of interest
  • provide a list of moving tips, to help make the move easier
  • provide a list of my team associated with the buying process

 

My goal is to make you an informed Vancouver real estate buyer, who will feel confident when the time comes to sign an offer and purcahse your new home!

 

Call me for a 30 minute Free Buyer Consultation!

 

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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.