Thursday, May 21, 2009
Waterfront condo for sale in the Westend
Stunning views from the
one bedroom condo for sale in the Westend in Downtown Vancouver. Unobstructed views of English Bay, west of Denman and only 2 blocks from Stanley Park.
This condo has been renovated with a new kitchen, bathroom and new paint and carpets through out.
Rock solid concrete construction, this condo for sale in the Westend is the ultimate one bedroom condo for sale.
Direct views of the HSBC Festival of lights - right across the street from the Seawall.
708 square feet, one parking and one storage locker included.
Offered at $499,000
For more information contact:
Peter Raab
Vancouver Real Estate Agent
Westend Real Estate Agent
Downtown Vancouver Real Estate Agent
Labels: waterfront condos for sale downtown vancovuer, waterfront condos for sale Westend, Westend condos for sale, Westend real estate agents, Westend real estate for sale
Tuesday, May 19, 2009
Vancouver real estate prices will drop less than expected
A recent surge in real estate sales has caused the Canadian Real Estate Association to sharply revise its expectations for price drops in British Columbia.
CREA, in its forecast released on Thursday, estimated that B.C.'s average house price will drop less than seven per cent over 2009, more than 3 percentage points less than the 10.6 per cent drop forecast in February.
CREA's forecast that B.C.'s average price will drop to $423,300, instead of the $406,300 average it forecast earlier.
Going forward to 2010, CREA is now predicting that B.C. prices will start edging up again by almost two per cent compared with a 2010 drop of 0.6 per cent forecasted in February.
B.C. sales rose in April from the previous month, the B.C. Real Estate Association said Thursday in a news release, as buyers were drawn back into the market by lower prices and rock-bottom mortgage rates. And the inventory of unsold homes across the province dropped to the lowest level in 12 months, the association said, edging the ratio of sales to active listings close to the zone housing economists consider balanced between buyers and sellers.
"An increase in consumer demand combined with fewer homes for sale has trended the market near balanced conditions," Cameron Muir, chief economist for the B.C. Real Estate Association said in an interview.
April was the third straight month that sales were higher than the previous month.
Peter Raab
Vancouver Real Estate Agent
Labels: real estate vancouver market update, Vancouver market update, Vancouver Real Estate, vancouver real estate agent, Vancouver Real estate market update
Wednesday, May 13, 2009
New downtown Vancouver condo to be Canada's first vehicle plug-in building
In an effort to lead the 'green' development charge, Concord Pacific's new Cosmo buiding in
downtown Vancouver will have the capacity to plug in and charge vehicles.
"This is all about sustainability," said Peter Webb, Concord senior vice president.
"We're saying it's no longer science fiction. It's a reality. "It's also not long before high-density projects without plug-in capability will be obsolete. It will be like buying a TV today without high definition. We think for the purchasers, this project will give them a longer market advantage."
The planned 2w3-storey building at the corner of Georgia and Beatty, which will be ready for occupancy by 2012, will have 220v plug in capability in about 20 per cent of the stalls.
The cost to have a stall plug in ready will be $5,000 and it is anticipated this cost will be passed on to the purchaser.
Vancouver Mayor Gregor Robertson said in a statement that Concord is showing leadership in pushing for electric vehicle infrastructure in their buildings.
"We're excited that Concord is leading on this green initiative - they've actually come out in front of our Greenest City Action Team's recommendation to expand plug - in infrastructure across Vancouver. By providing the first 220v charging stations in a downtown building, Concord's development is helping us to become the greenest city in the world, and make Vancouver a hub for electric car technology."
From the
Vancouver Sun
For more information on new condo developments in downtown Vancouver contact:
Peter Raab
Vancouver Real Estate Agent
Labels: concord Pacific, Cosmo building by Concord, new condo developments in Vancouver
Tuesday, May 05, 2009
False Creek North, Townhouse for Sale in Icon 2
I have a luxury town house for sale in False Creek North,
Downtown Vancouver.
106 633 Kinghorne Mews BB, False Creek North, Downtown Vancouver.
Two levels with Living room, dining room, kitchen and bathroom on the main level with two bedrooms, a den and two bathrooms on the upper level.
Huge south facing balcony off the living room with another balcony off the master bedroom with views of the Marina. This exclusive townhome features dark walnut floors throughout, stainless steel appliances, granite counters, California closets in every closet and top of the line fixtures in the bathrooms.
Heat and air-conditioning is included in the maintenance fee.
Bonus two parking stalls and one external storage locker.
$1,198,000
Contact Peter Raab for a private viewing
Vancouver Real Estate Agent
Labels: False Creek North townhomes, luxury townhomes Vancovuer, real estate agent Vancouver, Townhomes in False Creek North
Monday, May 04, 2009
Strong Buyer activity brings stability to Vancouver's housing market
The
Vancouver Real Estate Market has entered a balanced state with more buyers and fewer homes for sale in recent months, report The Real Estate Board of Greater Vancouver.
For the sixth consecutive month, new listings for attached and detached homes declined in Greater Vancouver, down 33.7 per cent in April 2009 compared to April 2008. The total number of property listings remains unchanged to the same period in 2008.
The
Real Estate board of Greater Vancouver reports that property sales in Greater Vancouver totaled 2,963 in April 2009 which is only an 8 per cent decline compared to April 2008, at the height of the Vancouver Real Estate Market.
Scott Russell, REBGV president says, "The bridge between buyer demand and housing supply is continuing to narrow, which, as we see, helps bring stability to home prices," he said. "The trends in our housing market over the last couple of months offer a much more comfortable, historically normal set of conditions."
The benchmark price of a detached home in Greater Vancouver declined 12% from April 2008 to $675,268 and the benchmark price of an apartment property declined 12.6% from April 2008 to $431,759.
Peter Raab
Vancouver Real Estate Agent
Labels: Real Estate update Vancouver, Vancouver Real Estate, Vancouver Real estate market update
Sunday, May 03, 2009
Kitsilano Real Estate Market Heats Up
Since The Bank of Canada dropped their lending rate a quarter point, you can now get a mortgage in Vancouver, BC for as low as 2.75% (prime plus .5%).
How has this affected people's decisions to buy?
Well, to put it in perspective, 2 year ago a $500,000 mortgage at 5% with a 25 year amortization would have cost a homeowner $2,923 a month.
Now, with since prices have dropped an average of 15%, a $425,000 mortgage at 2.75% with a 25 year amortization will cost a homeowner $1,960 a month.
This is a $1,000 a month savings compared to two years ago!
The word is that the prime rate will remain steady through 2010. Fixed mortgage rates will change with the bond market but the variable mortgage rates which are tied to the Prime Rate offered by a bank and more affected by the Bank of Canada's rate will likely remain unchanged.
Because of these savings we're seeing a very hot spring market with many buyers out there searching for their first home. In the Kitsilano Real Estate Market, well priced condos are selling for above asking price with multiple offers in less than a week.
Entry level two bedroom townhomes in Kitsilano and entry level one bedroom condos in Kitsilano seem to be the hottest properties on the market this spring.
For more information on the Kitsilano Real Estate Market contact:
Peter Raab
Kitsilano Real Estate Agent
Labels: Kitsilano real estate, kitsilano real estate agent, Kitsilano real estate market update
Stunning views from the one bedroom condo for sale in the Westend in Downtown Vancouver. Unobstructed views of English Bay, west of Denman and only 2 blocks from Stanley Park. 
