| Friday, September 3, 2010 Open House at SHANGRI-LAby Wade Allen on Fri, Sep, 3, 2010 10:52 AM This place is like flying first class.......come check it out this weekend from 2-4 both days.
Beautiful 2 bedroom + den, 2 bathroom, South view corner suite on the 31st floor of one of Vancouver's most prestigious buildings. The finishings are high end, the amenities are amazing, and the view is to die for.
Thursday, September 2, 2010 Vancouver Sales Statistics - August 2010by Wade Allen on Thu, Sep, 2, 2010 02:28 PM Categories: 1st time home buyers, Buyers, Financing, First Time Home Buyers, Interest Rates, Market Trends, Mortgage Rates, Real Estate, Sales, Statistics, Vancouver Real EstateNumber of Sales still low, Prices staying pretty strong
August in Vancouver saw pretty similar numbers to July, where the number of listings and sales were low in comparison to 2009. They were of course much stronger than 2008 when the sky was falling, and historically the number of sales in Vancouver West for August (516) is actually a pretty average August looking back 10 years.
Doom and gloom seems to be the flavour of the month so far, but it seems to be just headlines backed by loose data and theories that are doing nothing more than selling papers and not giving any real solution.
April 2010 was the "Peak" of the Vancouver market, with average sale prices across Greater Vancouver decreasing 2.8% since then. A typical Vancouver market always peaks in the spring, slumps in the summer (yaaeeeyy SUN!!!), picks up in the fall, and then dies in the winter months.
So why is this year any different? Because there's nothing else to report? Because any bad news is good news for fear mongering?
In a week this will all be old news because summer is over, people are back at it, the markets will pick up, and the September numbers will be strong. Comparing 2010 to 2009 or 2008 are a waste of time because the conditions were completely different. '08 was crash time, '09 was recovery time, and now we seem to be in a nice balanced market........but hey, that's not exciting enough to report.
Friday, July 9, 2010 OPEN HOUSEby Wade Allen on Fri, Jul, 9, 2010 02:23 PM Come view this beautiful home Saturday July 10th from 2-4PM
Wednesday, June 9, 2010 Vancouver Real Estate Statistics - May 2010by Wade Allen on Wed, Jun, 9, 2010 01:13 PM Categories: 1st time home buyers, Buyers, Financing, First Time Home Buyers, Interest Rates, Market Trends, Mortgage Rates, Mortgages, New Developments, Real Estate, Sales, Statistics, Vancouver Real EstateMay market offers buyers greater selection
The number of properties listed for sale in Greater Vancouver continued to rise in May, while the number of sales showed a year-over-year decrease.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,156 in May 2010, a decline of 10.4 per cent compared to the 3,524 sales in May 2009; 5.1 per cent more than the 3,002 sales in May 2008; and 27.1 per cent less than the 4,331 sales in May 2007. May 2010 sales also represent a 10.1 per cent decline compared to last month’s sales.
In terms of number of property listings, last month marked the third consecutive month during which more than 7,000 homes were listed for sale on the Multiple Listing Service (MLS®) in Greater Vancouver.
New listings for detached, attached and apartment properties totalled.....CLICK TO READ MORE Wednesday, March 10, 2010 Vancouver Real Estate Statistics - February 2010by Wade Allen on Wed, Mar, 10, 2010 11:22 AM Home Sales Activity Strong through Olympic Period
The Greater Vancouver housing market continued to experience strong demand from homebuyers and an increase in total property listings in a month where the eyes of the world were focused on the region.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 2,473 in February 2010, an increase of 67.1 per cent compared to February 2009 when 1,480 sales were recorded and a 28.6 per cent increase compared to the 1,923 sales recorded in January 2010.
More broadly, last month’s sales totals marked a 7.6 per cent decline compared to the 2,676 sales recorded in February 2008 and were 13.5 per cent behind February 2007 when 2,859 residential sales were recorded on the Multiple Listing Service (MLS®) in Greater Vancouver.
Friday, October 2, 2009 Buyer demand remains strong while home listings increaseby Wade Allen on Fri, Oct, 2, 2009 02:15 PM c/o REBGV : Greater Vancouver home sales remained strong last month, with the second highest number of residential sales ever recorded for the month of September.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,559 in September 2009, an increase of 3.4 per cent from the 3,441 sales recorded in August 2009, and an increase of 124.5 per cent compared to September 2008 when 1,585 sales were recorded.
“As homes sales in Greater Vancouver continued at an elevated pace in September it’s encouraging to see that more homes were listed on the MLS® in the month than any other so far this year,” Scott Russell, REBGV president said.
New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,764 in September 2009. This represents a 6.2 per cent decline compared to September 2008 when 6,142 new units were listed, but a 26.8 per cent increase compared to August 2009 when 4,544 properties were listed on the Multiple Listing Service® (MLS®) in Greater Vancouver.
At 12,596, the total number of property listings on the MLS® increased 5.5 per cent in September compared to last month and declined 36 per cent from the 19,852 homes listed for sale during the buyer’s market that was experienced at this time last year.
“During this period of renewed demand in our marketplace, home values have gradually recovered from the declines that occurred in 2008,” said Russell.
Since the beginning of the year, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver has increased 13 per cent to $547,092 from $484,211, while home prices compared to Septembers 2008 levels are up 1.6 per cent.
Sales of detached properties increased 160.6 per cent to 1,423 from the 546 detached sales recorded during the same period in 2008. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties increased 2.1 per cent from September 2008 to $741,632.
Sales of apartment properties in September 2009 increased 94.9 per cent to 1,489, compared to 764 sales in September 2008. The benchmark price of an apartment property increased 1.5 per cent from September 2008 to $374,686.
Attached property sales in September 2009 are up 135.3 per cent to 647, compared with the 275 sales in September 2008. The benchmark price of an attached unit increased 0.4 per cent between Septembers 2008 and 2009 to $466,276.
Friday, September 18, 2009 Spectacular Open House this Sunday 2-5by Wade Allen on Fri, Sep, 18, 2009 06:51 PM  Vancouver, BCRarely does a listing this nice come on the market. A rare one indeed. 1128 Quebec St is a superb Bosa built building in the middle of what is called CITYGATE, the towers that stand like guards on the east tip of False Creek. The National is in the middle of them all with the best views of the lot of them, especially South West facing units like this one. It gets all the beauty of the south facing sun, with the western views of the water, city and mountains. They also have a massive picture window in the living room that allows for its habitants to enjoy these views without the obstruction of vertical window mullions like the other buildings. This is a very rare listing, as the last '05 unit sold over 3 years ago. The 12th floor adds more value with being high enough to cut out city sounds, but yet low enough to keep a fabulous eyeline, even from the huge open kitchen.
This unit has a better view and similar finishings to the front facing Millenium Water units that would be priced well over $2mln. The value here is amazing.
The Open House is this Sunday September 20th from 2-5pm.
1205 - 1128 Quebec St. MAP Monday, August 17, 2009 Understanding Your Credit Report and Credit Scoreby Wade Allen on Mon, Aug, 17, 2009 12:17 PM What many prospective borrowers don’t realize is that the pricing of mortgages and other loans is based in part on their credit-worthiness. Consumers need to be aware of how their credit is evaluated by lenders, and how they can work to avoid so-called “bruised credit” – people with a lower credit score can find themselves paying a higher interest rate, or even denied access to certain types of loans.
A credit report is a detailed history of how consistently you meet your financial obligations, and provides a picture of your financial health based on your past behaviour. A credit score is a three-digit number, usually between 300 and 900, representing your overall credit-worthiness, based on personal information from your credit report and other sources.
Both your credit report and score are important. When deciding whether or not to grant a mortgage loan, lenders refer to an applicant’s credit report and score, along with a range of other factors such as income, employment history, and size of down payment.
The higher your score the more likely you are to be approved for a mortgage and receive favourable rates because the lender considers you to be a better credit risk. Several factors are used by the two main credit agencies in Canada (Equifax Canada and TransUnion Canada) to calculate credit scores:
Originally Published by Cara Savege of Invis Mortgages Tuesday, March 24, 2009 Incredible Rate Offeredby Wade Allen on Tue, Mar, 24, 2009 02:48 PM Hey Everyone,
I am excited to let you know that a lender is currently offering a rate of 3.99 fixed for 5 years. This is special for purchases ONLY closing in the next 45 days. This low rate really helps people feel secure for their affordability moving forward.
Ex.
Purchase Price: $300,000
Down Payment: $30,000
Monthly Mortgage Payments: $1420
Please contact me with any questions:
604-868-3242
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