Please visit our Open House at 202 1055 RICHARDS ST in Vancouver.

Open House on Saturday, January 31, 2015 1:00 pm - 3:00 pm

ATTENTION PATIO LOVERS! Act fast for this Georgie Award winning bldg by Cressey in desirable Yaletown. This smart 1 bdrm, den with insuite storage boasts a hard to find 400 sf private patio for relaxing with your friends, 1 prkg & 1locker. You'll love the amazing fitness/yoga centre, sauna/steam room, lounge & rooftop terrace. Rentals welcome. Donovan's gourmet kitchen with Miele S/S appliances include gas range, designer granite countertops, beautiful backsplash & pantry. Rich wide-plank hardwood floors and a super floorplan includes custom closet built-ins, geothermal heating & cooling. Fast possession & option to purchase fully furnished. Enjoy world class living! Drop by & admire! Open House: Sat, Jan 31st, 1-3 PM.

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Changes to the BC Building Code became law on December 19, 2014, making new homes and small buildings more energy efficient.

The goal is energy conservation and greenhouse gas reduction, and the changes to the Code, Part 9 Buildings, set minimum standards for:

  • energy efficiency: for homes and small buildings there are new minimum standards for insulation performance, heating and cooling systems, hot water tanks, and doors, windows and skylights. Energy efficiency standards for insulation in walls are extended to every part of a building, including framing, sheathing and cladding;

  • ventilation: requirements include improved air flow to reduce the likelihood of mould and mildew; and

  • radon rough-ins: builders must now rough-in radon vent pipes that vent outside, instead of capping pipes.

Child care facilities are also addressed. The new code clarifies that buildings containing child care facilities may be classified as Assembly Occupancy (A-2). Child care facilities can occupy small wood-frame buildings if certain fire safety requirements are met.

For information:

Energy efficiency section (9.36) (Opens a 103-page pdf)
Illustrated Guide (Homeowner Protection Office)

 

January 26, 2015         

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A decade ago, more residents left British Columbia than moved here, even with our mild climate and great quality of life. Alberta was the preferred destination, followed by Ontario.

But times have changed when it comes to interprovincial migration.

A total of 4,216 Canadians packed up and moved to ‘Super, Natural’ BC from other provinces, according to the most recent data available (from Q3-2014).

This was the largest quarterly inflow of newcomers we’ve seen in close to seven years.

Where are they coming from? Ontario tops the list (903 residents), followed by Manitoba (874), Quebec (811), Saskatchewan (747) and even Alberta (640).

During this same period, Alberta gained 6,320 new residents and the Yukon Territory gained 114 newcomers. All other provinces saw a decline in net migration.

Is this good for Vancouver real estate? You betcha!

 

January 26, 2015

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As the price of oil tumbles we expect this to benefit the BC economy.

According to recent BC government report, we are poised for strong employment over the next 5-7 years. New jobs in forestry and mining and replacement workers for the retiring,aging workforce will fuel growth. This new money will buy houses, appliances,furniture, cars, trucks, etc. Health care for the aging population will also be a major employer.

The United States economy is gaining strength with 252,000 new jobs added. Low oil, low interest, and low Canadian dolllar are all good for Canadian companies exporting to the United States.      

Jan 23/15                                                                                                                                                   

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For the first time since September 2010 the Bank of Canada cut rates a qurter of a point to 0.75%. Canadian banks are expected to follow , with a reduction in mortgage rates and loans.

Rates are expected to stay low for this year, before rising in 2016. All depends on the price of oil.

This presents a great opportunity for Vancouver real estate buyers to purchase a condo and lock in their mortgage.

For more info on mortgages contact Jeff Fraser

Have a mortgage question? Give me a call at 604-328-0077

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January 18, 2014

Here are the current mortgage rates

6 months - 3.10%

1 year - 2.69%

2 year - 2.59%

3 year - 2.69%

4 year - 2.79%

5 year - 2.89%

7 year - 3.79%

10 year - 4.39%

Current prime rate is 3%

Current variable rate is 2.35%


Have a mortgage question, a renewal or wish to get pre-approved? Call an experienced Mortgage Broker, Jeff Fraser

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1. Vancouver Boat Show - January 21-25

2. Dine Out Vancouver - January 16-February 1

3. Hot Chocolate Festival - January 17-February 14

4. Vancouver motorcycle Show - Jan 23

 

Have a favourite event you'd like to share?

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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.