LiveSart BC Programs will save home owners and businesses energy and money.

BC Hydro and FortisBC gives home owners up to $3,500 in rebates for energy saving improvements to their homes, incuding up to:

$1,200 for exterior wall insulation

$1,000 for basement insulation

$600 to install attic insulation and

$400 for air sealing (like weather stripping around doors) and draft proofing.

To access rebates, home owners must hire a certified energy advisor to conduct an energy efficiency assessent and provide a customized report showing the home's energy efficiency rating and upgrade options by Dec 31, 2013.

Home owners will then have until March 31, 2014 to make eligible improvements and complete a post-retrofit assessment. The energy advisor handles all of the paperwork in applying for incentives for the energy assessment

Check out their website

Buying or selling Vancouver real estate? 

Put Maggie Chandler's hyper-local experience to work for you! 604-328-0077

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Melbourne has beat us out for the third consecutive year, according to a private company commissioned by The Economist to determine the top ten world's most liveable cities in 2013.

Vancouver comes in at number three with Vienna ranked second.

For nearly a decade Vancouver topped the survey since 2002 and remains the top Canadian city, however, Calgary and Tonronto are on our heels.

The annual survey ranks the living conditions of cities around the globe based on stability, health care, culture, education and infrastructure..

In 2008 Vancouver ranked 4th in the world, according to Mercer

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

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Effective March 31, 2009 Vancouver home inspectors must be licenced, as per regulations from BC Government..It is important or the BC consumer to have the best property information possible and an independent inspection is a great starting point for consumers to learn about property condtions.

Since 1998 BCREA has recomended the Government license home inspectors, saying that solid information helps consumers have confidence in their Vancouver home buying decisions.

Most consumes will always learn more about a property by having a home inspection and will find out specific details about the property they intend to purchase, that way they reduce the risk of surprises.

If you are purchasing a Vancouver home in a seller's market, it is advisable to carry out a building inspection prior to writing the offer, then you can leave the clause out of the contract of purchase and sale.

Buying or Selling Vancouver Real Estate? Put Maggie Chandler's hyper-local experience to work for you!

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In Vancouver's frothy real estate market in 2006, the most expensive Penthouse condo was in El Presidio at 2088 Barclay in the West End, bordering Stanley Park. 4000sf with a maintenance fee of $1500 per month.Built in 1989, it is a two floor condo and was renovated.

Prior to 2006, Two Harbour Green's Penthouse sold in 2005 for $7.75M and the Shangri-la Penthouse went for $7.4M the same year.

Robert Quigg of The Quigg Group bought El Presidio Penthouse in 2004, gutted it to the tune of $5M and refitted it. Quigg says the luxury living market is booming with wealthy residents and jet setters who see Vancouver as a bargain. "We're the most livable city in the world, but we're not the most expensive city", he says. "I think there's a real demand for quality and trophy properties.

According to MLS, sales of condo properties increased 8.4% to 1,779 sale in March 2006, compared to 1,641 sales in March 2005.

The benchmark price of a condo property in Greater Vancouver Index is $305,022, up 22.6% from one year ago.

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

Call Maggie Chandler 604-328-0077

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If you buy a Vancouver condo for an investment, be sure to check whether or not the tenant is current in their rent.

It is possible that the tenant could be months in arrears and the owner hasn't commenced any action to recover the rent.

So when the property sells, not only will the seller lose that rent, but if the transaction closes in the middle of the month he also has to give the buyer credit for 2 weeks of rent that he had not collected. And the buyer ends up with a tenant who is a dead beat.

The buyer's Realtor should write into the contract of purchase and sale that the Seller warrants the rents are current and that any arrears are the responsibility of the Seller, and that the buyer will get credit for the rent on the adjustments whether collected or not.

Buying or Selling a Vancouver investment property?

Call Maggie Chandler 604-328-0077 and put my hyper-local experience to work for you!

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Vancouver's city Council rejected the staff report which proposed four sites in Downtown Vancouver be redeveloped into condo buildings over 40 storeys. Instead they will allow two fifteen storey buildings in the Victory Square neighbourhood and some others in Chinatown South.

City Council passed a moratorium on all but one third of the Downtown Peninsula (east to Cabie Street Bridge) in 2009.

The one third that will be permitted to have new condo projects must be mixed use.

What will be the long term effect on cost of Downtown condos? Prices will rise and housing will be less affordable. The new buildings would have obstructed the view corridors of surrounding buildings.

Did Council make the right or wrong decision?

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

Call Maggie Chandler 604-328-0077

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There are many reasons why Vancouver real estate sellers need an appraisal.

Reduce property taxes, probate, estate planning, divorce settlements are some. However, the most common one is to obtain a mortgage.

What is an appriasal? An appraisal is an objective supported opinion of value of an adequately described piece of property made by a certified appriaser, who has sufficient knowledge, training and experience to accurately estimate its value. In this detailed and time consuming report, appriasers use comparable sales together with information about the property being appraised, its neighbourhood and community along with the local and national economy, to support the appriased value.

How is value established?

The value of a home is based on recent sales of the similar neighbouring homes in the market as well as rentals and listing date.

Ideally appraisers will use sales of properties of the same size, age, room count, condition and with similar amenties and external influences. However, this rarely happens, so adjustments have to be made, based on what people will pay extra for.

A house will appraise for more when -well maintained inside and out -located in a good school district -additions are done with the proper building permits -homes in the neighbourhood are of a similar quality - not overly improved or the largest home on the block -zoning changes are not expected -the style of the house conforms with the neighbourhood

The Golden rule - location, location, location! One can change everything about the house except its location!

Buying or Selling Vancouver Real Estate?

Contact Maggie Chandler - Vancouver Realtor with hyper-local experience!


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In May 2009 City Hall placed a moratorium on Downtown Vancouver's new construction. This Vancouver neighbourhood consists of a 17 block area from Stanley Park (2000 block) to Cambie Street Bridge. The City recommended a much wider section of the Downtown core be preserved for business-only, with some exceptions. 

If a mixed-use part condo development can help preserve a heritage site of residential hotel, or if it's a particularly large site, then council can consider permiting it. 

The new area will cover about 15% of the Downtown peninsula, extending east and west from the Commercial Business District core that exists now.

This policy is intended to guide Downtown development for the next 20 years. But then, maybe not. The City could still end up raising height limits in various parts of the Downtown where residential is still allowed. We don't know yet what mix of office and residential planners will recommend for the next big build-out in Downtown, Northeast False Creek.

As the population of Vancouver continues to grow and the supply becomes more limited, this will place upward pressure on prices over the long run.

Buying or Selling Vancouver Real Estate? Contact Maggie Chandler - hyper-local neighbourhood experience!

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When it's time to sell your Vancouver property, don't make the following mistakes!

1. My friend is a Realtor

2. Your presentation sounds good so I'll list with you

3. You're the only Realtor 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 commission

6. All Realtors know the same things

7. This Realtor sold more homes last year than anyone else

8. This Realtor will hold open houses every weekend

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, communicates with the seller to make the process as smooth as possible, prices the home competitevely to find a buyer, finds ways to fix up the home to sell it for more within a secific time frame, negotiates and deals with the buyer and specializes in your neighbourhood and keeps you abreast with regular market updates

Selling your Vancouver property? Call Maggie Chandler - Vancouver Realtor with hyper-local experience

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Back on January 2007 I read an analysis of Vancouver's average sale price for a detached house in the Lower Mainland.

In 1991 it was $190,185

In 2001 it was $195,763, in constant 1991 dollars

In 2006 it rose to $542,852

By 2030 the average price will be $723,776 or 2.03 times the 2001 price, according to a projection by Urban Futures' David Baxter.

Condo prices will follow a similar pattern, Baxter told a year-end CKHC conference, rising from $297,821 in 2006 to $385,129 in 2030.

These figures are calculated in 1991 dollars, so the actual cash price of a detached house by the time your toddler is a parent culd be more than $1 million, with the typical condo selling for $600,000.

A key point to Baxter's projection: the population of the Lower Mainland by 2030 will be 3.76 million. This will keep the rental vacancy rate at or near the current rate of below 2%. 

Major Point - The best possible long-term investment for your family is residential real estate in the Lower Mainland. The world is coming, prices are rising and land is scarce and that will not change over the next 25 years!

Buying or Selling Vancouver real estate? Contact Maggie -  hyper-local experience!

 

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Many Vancouver home buyers do renovations - sometimes a complete overhaul and sometimes a paint touch up. That always poses the question about what colour to select for your new home. Here are some suggestions based on your mood.

Beat the stress with blue.
Need to relax? Choose blue. It has been shown to lower blood pressure and heart rate, so you will be able to stay calm, cool and collected throughout the day. Paint a piece of furniture blue or hang blue curtains to feel more tranquil.

Boost optimism with yellow.
The sunny shade causes a surge in the feel-good hormone serotonin, leaving you more cheerful. Turn any room into a hub of activity by adding yellow pieces like a comfy chair, a soft throw or pillows.

Jumpstart your life with red.
Looking at the color red has been shown to stimulate circulation, giving you get-up-and-go. Welcoming guests with a shot of red sets the stage for fun. Red makes them feel upbeat.

Enjoy inner harmony with green.
Restful and rejuvenating green stabilizes your mood and helps you feel centered. Stop family fights by putting green in the living room. It creates a sense of well-being and encourages people to get along with each other.

Invite happiness with orange.
Orange, the color of warmth, enthusiasm and excitement is proven to help you feel happier, confident and more energetic. Orange accents give a room a fresh, welcoming feel. Scatter a few pillows, add an orange rug or paint just one wall orange to turn your living room into an inviting gathering space

Buying or Selling Vancouver Real Estate! Put my hyper-local experience to work for you!

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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.