Blog › October 2016

New Listing 703 - 1188 Howe Street, Vancouver, BC


R2118722 - 703 - 1188 Howe Street, Vancouver, BC, CANADAView my new listing for sale at 703 - 1188 Howe Street, Vancouver and currently listed at $469,000.

Great price for TOTALLY renovated one bedroom plus DEN (enclosed balcony). Bright & sunny apartment in a center of downtown close to everything. Renovation includes modern laminate, SS appliances, quartz countertop & designer painting. This 28-level building has a concrete construction & concrete finishing. 1188 Howe Str offers great amenities that include an indoor swimming pool, a sauna, a whirlpool, an exercise center & outdoor courtyard. 1 parking & 1 storage locker included plus 30 secure gated visitor parking spots! Rentals 100% ALLOWED!!!

Recently Sold Listing 205 1050 HOWIE AVENUE, Coquitlam, BC


R2107487 - 205 1050 HOWIE AVENUE, Coquitlam, BC, CANADAI have just recently sold this listing at 205 1050 HOWIE AVENUE, Coquitlam.

Recently Sold Listing 1506 2016 FULLERTON AVENUE, North Vancouver, BC


R2094014 - 1506 2016 FULLERTON AVENUE, North Vancouver, BC, CANADAI have just recently sold this listing at 1506 2016 FULLERTON AVENUE, North Vancouver.

Recently Sold Listing 806 460 WESTVIEW STREET, Coquitlam, BC


R2110122 - 806 460 WESTVIEW STREET, Coquitlam, BC, CANADAI have just recently sold this listing at 806 460 WESTVIEW STREET, Coquitlam.

Airbnb in Vancouver - short-term rental licensing plans too strict. What do you feel?


Airbnb is asking the city of Vancouver to reconsider some parts of its new short-term rental licensing plan.

The city's proposed scheme bans short-term rentals in secondary suites like basement suites or laneway houses. Instead, applicants would ONLY be eligible to rent out homes that are principal residences, and they would require a business license!!!

At a council presentation on Wednesday, Airbnb — the online-based company that facilitates short-term rentals — urged council to be more flexible.

"We believe regulations for home-sharing need to allow for appropriate flexibility," said Alexandra Dagg, a public policy manager with Airbnb Canada.

Families are diverse and change over time, as do their needs for extra space in their homes."

Council has argued the limitations are in place to add much-needed rental stock to the city, and a staff report said the move could add up to 1,500 rental properties to Vancouver's housing market.

Dagg disagreed.

"If a homeowner isn't going to put them on the market anyways [or] if they're going to be empty because they use it for their family or other things ... then that's not helping anybody."

Despite that, she said Airbnb is open to including business license numbers on its postings — a requirement the city is making for all advertised short-term rentals.



RBC Economics Research -Federal government announces new housing measures. October 2016 - Greater Vancouver Real Estate News


Uniform rules for all insured mortgages

Starting on October 17, 2016, all new mortgage borrowers with a down payment of less

than 20% and seeking mortgage insurance (high-ratio mortgages) will be required to

qualify at the posted rate for a conventional mortgage for a five-year term (presently

4.64%) or the contract rate, whichever is higher. Currently, this qualifying requirement

is imposed only on insured mortgages with a variable rate or a fixed rate with a term of

less than five years. Moreover, effective November 30, 2016, the standards for low-ratio

mortgage portfolio insurance will be same as those for insured high-ratio mortgages.

This means that mortgages in a portfolio to be insured will be restricted to 25 year in

length of amortization, a maximum of $1,000,000 in value, a credit score of 600 or

higher, and a maximum Gross Debt Service of 39% and Total Debt Service of 44%

calculated with the posted rate for a five-year conventional rate or the contract rate,

which ever is higher.

 

Link to the full report

To view, print and download the new report, click on the following link:

http://www.rbc.com/economics/economic-reports/pdf/canadian-housing/New%20housing%20measures.pdf



Recently Sold Listing 910 2004 FULLERTON AVENUE, North Vancouver, BC


R2104656 - 910 2004 FULLERTON AVENUE, North Vancouver, BC, CANADAI have just recently sold this listing at 910 2004 FULLERTON AVENUE, North Vancouver.