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New Listing 803 - 7388 Sandborne Avenue, Burnaby, BC


R2340977 - 803 - 7388 Sandborne Avenue, Burnaby, BC, CANADAView my new listing for sale at 803 - 7388 Sandborne Avenue, Burnaby and currently listed at $689,000.

Fully renovated 2 bedroom & 2 bathroom facing SW apartment in Mayfair Place. Updates includes new hardwood flooring , tiles, paint, kitchen & bathrooms with granite counter-tops, new SS appliances & much more. Enjoy the in suite laundry, exercise centre, hot tub & indoor swimming pool. Close to Edmonds Skytrain Station, Byrne Creek Secondary, Taylor Park Elementary School. Nicely updated condo in well maintained CONCRETE building!

New Listing 1710 - 10777 University Drive, Surrey, BC


R2340987 - 1710 - 10777 University Drive, Surrey, BC, CANADAView my new listing for sale at 1710 - 10777 University Drive, Surrey and currently listed at $488,000.

This 2 bedroom + 2 bathroom apartment is on 17th floor yet price is for lower floors. Amazing VIEWS! Nicely done renovation includes SS appliances, flooring, design painting & what not. Comes with storage locker and parking spot. HEATING IS INCLUDED into the maintenance fee. Citypoint located adjacent to Gateway SkyTrain Station, one stop from (and walking distance to) Surrey City Centre: Central City and SFU Surrey, Library, Surrey City Hall, 30 mins to Downtown Vancouver. Great for investors & first time home buyers - RENTALS ALLOWED!

New Listing 15542 Columbia Avenue, White Rock, BC


R2341295 - 15542 Columbia Avenue, White Rock, BC, CANADAView my new listing for sale at 15542 Columbia Avenue, White Rock and currently listed at $1,688,800.

Uncompromising unique opportunity for holiday style living in the heart of East end of White Rock. Unobstructed stunning ocean & islands views (no power lines or poles), only 200 steps to promenade, sandy beaches, shops & restaurants. Move in, rent out or build your dream house. Set of plans for new 3500+ sq.ft. 4-storey house w ocean view from three floors is ready for Building Permit application. New home will offer contemporary design, open concept, atrium, elevator, 5 bedrooms & 6 full bathrooms, large media room, 3-car garage, fully isolated self-contained spacious legal suite.

New Listing 1638 Langton Place, West Vancouver, BC


R2339247 - 1638 Langton Place, West Vancouver, BC, CANADAView my new listing for sale at 1638 Langton Place, West Vancouver and currently listed at $9,990,888.

Panoramic city & ocean views are enjoyed from all 3 levels of this European Chateau in prestigious Canterbury Estates in the British Properties. Designed by an award winning architect this home offers 9000 sq. ft. of exceptional luxury and workmanship. Very traditional layout will appeal to everybody for its warmth and functionality. 5 bedrooms all with en-suite bathrooms, Home Theater, Gym, extensive decks, covered outdoor dinning area and resort style swimming pool and spa. Built on almost 1/2 acre gated estate with access from 2 streets.

New Listing 5331 Chetwynd Avenue, Richmond, BC


R2335390 - 5331 Chetwynd Avenue, Richmond, BC, CANADAView my new listing for sale at 5331 Chetwynd Avenue, Richmond and currently listed at $1,180,000.

Great location!! Located nearby shopping centers, transit and all level of schools. This half duplex is on a beautiful 4800 sqft corner lot. The house is very well cared for and it shows. Call for a showing today!

New Listing 7885 Peytavin Place, Mission, BC


R2334949 - 7885 Peytavin Place, Mission, BC, CANADAView my new listing for sale at 7885 Peytavin Place, Mission and currently listed at $699,900.

College Heights! Set high on the lot this 11 year old home has breathtaking Mt.Baker & valley views. This home is on quiet cul-de-sac in one of Mission's most desired area's in College Heights. Natural light abounds through out this exceptional open layout featuring cherry cabinets in the gourmet kitchen and french doors off the greatroom to a deck with spectacular views. Three generous bedrooms upstairs including the master with a stunning ensuite and a walkin closet. Downstairs has a pool table sized family room & a 4th bedroom. Easy to build secondary suite. This home is wonderfully maintained and ready to move in. Walking distance to Heritage High school, Windebank Elementary and this newly designed Mission Leisure Centre.

New Listing 4377 Mountain Highway, North Vancouver, BC


R2334806 - 4377 Mountain Highway, North Vancouver, BC, CANADAView my new listing for sale at 4377 Mountain Highway, North Vancouver and currently listed at $1,699,000.

Perfectly updated 3 bedroom, 1 bathroom living space on main floor with additional 2 bedroom, 2 bathroom legal suite on the lower floor. Recently refurbished with quality updates to kitchens & bathrooms, flooring, roof, windows, a new high efficiency furnace, upgraded plumbing system, hot water tank & newer appliances in both kitchens & laundry areas. Wonderful family friendly Upper Lynn neighborhood, recreation Upper Lynn Elementary & Argyle Secondary schools & the amenities of Lynn Valley Village and Lynn Valley shopping centre.

Rates are going down... so we are expecting PRETTY ACTIVE spring market.


Royal Bank of Canada has lowered its posted five-year fixed rate by 15 basis points from 3.89 per cent to 3.74 per cent.

Mortgage rate comparison website founder Robert McLister says RBC is the first of the Big Six banks to cut its advertised five-year fixed rate after a fall in five-year bond yields.

RBC is the largest mortgage lender in Canada, so whenever they move their mortgage rates, we can expect that the other four banks will follow suit.

When asked what prompted the rate drop, an RBC spokesperson said a number of factors have impacted the Toronto-based bank's cost of funds.

RBC says that includes the rate the bank pays in the wholesale market, increasing regulatory costs and market volatility.

They're also cutting now because of the time of the year. December and January are the "deadest" period for home buying, so RBC could be trying to drum up business while things are slow.

So, for those who are thinking to buy in 2019, this is a time when you should call your Realtor to start browsing the market.

 

Oleg Tsaryov,

 

TOP 1% of all REALTORS® in Greater Vancouver, President's Club Leader 2017 & 2018,

 

Top 10% of all REALTORS® in Greater Vancouver, 9 years Medallion Club *

 



B.C. government opens exemption process for speculation tax


It will be up to homeowners to apply for exemptions, with a deadline of March

The Ministry of Finance said letters outlining the first speculation tax fees and exemption processes will begin arriving at all homes in Greater Victoria, Nanaimo, Kelowna and Metro Vancouver.

It will be up to all homeowners to apply for exemptions, with a deadline of March 31. Those who don’t apply, or qualify, will be sent tax bills due to be paid by July 2. The opt-out process will become an annual event for property owners under the new speculation tax rules. People who pay mistakenly can get a rebate within six years.

Finance Minister Carole James was not available for an interview, but her ministry said the exemption process “will help identify speculators and empty homes, allowing the government to crack down on speculation and make housing more affordable.”

The government’s decision to levy every property owner in major urban centres with a tax notice, and then force them to apply for exemptions, is a backwards way to implement a misguided tax, said Liberal MLA Shirley Bond.

“Just when you think a botched tax can’t get any worse, it does,” said Bond. “Now residents in communities like Nanaimo, Kelowna and Abbotsford, to name a few, have to register to be exempt from this tax or they will get a bill in the mail for a tax they shouldn’t be paying.

“It is absolutely astounding to me for an conceived tax that does not target legitimate speculators — the majority of people impacted by this tax are hard-working British Columbians. On every front, this is a mess.”

The NDP government’s speculation tax was announced in the February 2018 budget and described as a way to encourage owners of empty residences to put them onto the rental market, or sell, in areas where housing is unaffordable and rental vacancy rates are low.

Although first billed as a surcharge on out-of-province real estate speculators, it was later revealed that estimated of two-thirds of those who will pay the tax will be British Columbians.

Public blowback forced Finance Minister Carole James to exempt areas like the Gulf Islands, as well as water down the rate before the tax was passed into law in the fall.

Because the tax is retroactive, the first letters will actually be for taxes incurred in the 2018 calendar year — before the tax rules were even finalized.

 

The tax rate is 0.5 per cent of a home’s assessed value in 2018, which would be $5,000 a year for a property assessed at $1 million. Starting in 2019, the rate rises to two per cent for out-of-province owners, foreigners and satellite families (households where more than 50 per cent of income comes from outside Canada).

Owners are exempt from the tax if it is their principal residence, they rent it at least six months of the year (only three months is required in 2018), they are disabled, the property was just inherited, it’s valued under $150,000, or a person was away and it was vacant due to medical reasons, residential care, work or spousal separation.

Condos and apartments in buildings where stratas ban rentals are also exempt, but only for 2018 and 2019, to give stratas time to change their bylaws, according to the ministry. Exemptions are available for First Nations, local governments, charities, co-ops, some not-for-profit organizations, and developers working on construction or renovation of property.

British Columbians with second homes who aren’t exempt will still get a credit intended to cover the tax on the assessed value up to $400,000, with the remaining value of the property then taxed at the full rate.

 

The arcticle is Copyright © of The Province.



New Listing 306 3602 ALDERCREST DRIVE, North Vancouver, BC


R2333132 - 306 - 3602 Aldercrest Drive, North Vancouver, BC, CANADAView my new listing for sale at 306 - 3602 Aldercrest Drive, North Vancouver and currently listed at $638,000.

Destiny 2 at Raven Woods. This elegant, urban contemporary open plan space was designed to please with its clean sharp lines, soaring ceiling, rich engineered hardwood floors, shiny new appliances & efficient layout. Floor to ceiling windows, 9' ceilings & large balcony. Contemporary kitchen with quartz countertops, two tone cabinets, gas range & stainless steel appliances. Two full sized bedrooms all with large windows and lots of natural light. Two Side by Side parking stalls with Electric Vehicle charging outlet. One storage locker as well as bike, kayak storage rooms & car wash area available. Excellent location great for the outdoor enthusiasts! RENTALS ALLOWED!!!