Hot new listing! Just listed at 1203 4132 HALIFAX ST in Burnaby.
"MARQUIS GRANDE!" This sought after building has some of the best amenities in the city; an outdoor POOL, Hot Tub, Fully Equipped Exercise Center, Sauna, 2 Guest Suites and a Party Room/Lounge with a pool table. This 2 bedroom, 2 bathroomcorner suite faces northeast with a mountain view. It is in IMMACULATE condition... absolutely spotless. There are GRANITE counter-tops in both bathrooms and the kitchen, hardwood flooring in the living room and carpets in the bedrooms. Also features an extra large covered patio, eletric fireplace, 9 ft ceilings, stainless steel appliances and a side-by-side fridge with built-in ice/water dispenser. Pets and rentals allowed. Only 2 blocks away from Brentwood Mall and the Skytrain.
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Hot new listing! Just listed at 214 1177 HORNBY ST in Vancouver.
"LONDON PLACE!" This one bedroom plus den corner suite is located on the quiet side of the building with a private outlook facing northeast. This is a solid concrete and brick building that was built as a commercial building in 1982, it wasthen stratified to residential around 1995. The contingency reserve fund has +$780,000 and the maintenance fee includes heat, hot water & laundry. One storage locker plus 2 washers and dryers are located on the same floor. 1 parking stall is owned not leased. Excellent amenities include a lounge on the lobby level plus rooftop terrace, gym and hot tub. Pets allowed. Steps to bike lanes, Seawall, David Lam Park, Yaletown, Restaurants, Transit & UBC Robson Square. OPEN HOUSE SUN 1-3PM
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Drop by and visit our Open House at 1203 4132 HALIFAX ST in Burnaby.
Open House on Saturday, February 22, 2014 2:00 pm - 4:00 pm
"MARQUIS GRANDE!" This sought after building has some of the best amenities in the city; an outdoor POOL, Hot Tub, Fully Equipped Exercise Center, Sauna, 2 Guest Suites and a Party Room/Lounge with a pool table. This 2 bedroom, 2 bathroomcorner suite faces northeast with a mountain view. It is in IMMACULATE condition... absolutely spotless. There are GRANITE counter-tops in both bathrooms and the kitchen, hardwood flooring in the living room and carpets in the bedrooms. Also features an extra large covered patio, eletric fireplace, 9 ft ceilings, stainless steel appliances and a side-by-side fridge with built-in ice/water dispenser. Pets and rentals allowed. Only 2 blocks away from Brentwood Mall and the Skytrain.
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Drop by and visit our Open House at 214 1177 HORNBY ST in Vancouver.
Open House on Sunday, February 23, 2014 1:00 pm - 3:30 pm
"LONDON PLACE!" This one bedroom plus den corner suite is located on the quiet side of the building with a private outlook facing northeast. This is a solid concrete and brick building that was built as a commercial building in 1982, it wasthen stratified to residential around 1995. The contingency reserve fund has +$780,000 and the maintenance fee includes heat, hot water & laundry. One storage locker plus 2 washers and dryers are located on the same floor. 1 parking stall is owned not leased. Excellent amenities include a lounge on the lobby level plus rooftop terrace, gym and hot tub. Pets allowed. Steps to bike lanes, Seawall, David Lam Park, Yaletown, Restaurants, Transit & UBC Robson Square. OPEN HOUSE SUN 1-3PM
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Great news for First-Time Home Buyers!
 
The government has raised the Property Transfer Tax exemption threshold from $425,000 to $475,000.
 
Property Transfer Tax is calculated at a rate of 1% on the first $200,000 and 2% of the remaining value of the purchase price. Qualifying first-time home buyers will not have to pay this tax if the price of the property is less than $475,000. That’s a tax savings of up to $7500!
 
This is perfect timing for many people wanting to get into the market. I will explain this in greater detail and many other tips at my real estate seminar for First-Time Home Buyers on March 15, 2014. Do you know anyone thinking about buying a property? If so, this 2 hour seminar is a must.
 
 
Just released from the Greater Vancouver Real Estate Board, February 18, 2014:
 

Government reduces tax burden on first-time buyers

First-time home buyers received welcome news in today’s provincial budget. Any REALTORS® currently working with first-time buyers will want to share this news with them as soon as possible.

 

The government has announced, effective February 19, 2014, under the Property Transfer Tax (PTT) First-Time Home Buyers’ Exemption program, qualifying first-time buyers can buy a home worth up to $475,000. The previous threshold was $425,000.

 

The partial exemption continues and will apply to homes valued between $475,000 and $500,000.

With this change, the government estimates 1,700 additional first-time buyers will annually be eligible to save up to $7,500 in PTT when they buy their home.

 

The government estimates this measure will cost $8 million in lost tax revenue each year.

The Real Estate Board, together with BC Real Estate Association, has actively lobbied to make home ownership more affordable for first-time home buyers. This increase in the threshold clearly signals our efforts have paid off as in past years.

 

In 2008, as a result of industry lobbying, the provincial government increased the threshold to $425,000 from $375,000. 

 

In 2005, the government increased the threshold to $325,000 from $275,000.

 

The PTT is calculated at a rate of one per cent on the first $200,000 and two per cent on the remaining value of the purchase price.

 

Here is a link to the Budget.: http://www.bcbudget.gov.bc.ca/2014/default.htm

 

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Just sold! Another happy client at 6798 191A ST in Cloverdale.

BUYER-SIDE SALE.

Clayton COACH HOME on PRIVATE CORNER LOT with a fenced yard! 3 Spacious Bdrms Up. Main floor features lovely Kitchen with Granite counter tops and is open to the Great Room - perfect for entertaining plus a BONUS DEN or bedroom on the main level. Enjoy the savings Plus the comfort of the heat pump & air conditioning. Even more savings with the LEGAL coach house suite rented at $800/mo. Another bonus, the basement is zoned for commercial. All of this in a perfect family friendly area close to schools and parks.

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Hot new listing! Just listed at 304 19774 56TH AVE in Langley.
Popular Madison Station in central Langley. Top floor PENTHOUSE corner unit with vaulted ceiling. This 2 bedroom, 2 bathroom home is a Northwest facing end unit with a view of mountains from living room & sundeck. The kitchen has granitecounters and stainless steel appliances. Also includes 2 underground parking spots and insuite laundry. The building is only 8 years old and has an exterior & games room. Call today to view.
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Hot new listing! Just listed at 12 11255 132ND ST in Surrey.
"Fraserview Terrace". This 3 bedroom townhome is located at the quiet side of the complex with an excellent mountain view! Spacious with 1129 sq.ft and 2 patios including a front yard garden area. The master bedroom suite can easily fityour king size bed (17'7 x 11'5) & includes a full ensuite 4-piece bathroom. Kitchen has plenty of counter & cabinet space. Comes with 2 secure parking stalls and 1 storage locker. Very conveniently located and close to SFU, Skytrain, Elementary School, Park & Patullo Bridge.
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Just sold! Another happy client at 168 2729 158TH ST in Surrey.
KALEDAN - Built by POLYGON. Rarely available DUPLEX STYLE 4 bedroom home in Morgan Crossing neighbourhood. Very private & quiet ground level entrance with fenced front yard & large patio. The kitchen has polishedGRANITE countertops & Breakfast bar, roll-out pot drawers, pantry, double sink, and paneled fridge & dishwasher merge seamlessly with the cabinets. The bedroom on the ground level is next to a 3pce bathroom with shower, this home is sure to impress. Within 2 blocks of Sunnyside Elementary & Southridge Private school. CLUBHOUSE features an outdoor POOL, hot tub, guest suites, theatre, gym, floor hockey & Lounge. Pets ok.
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Steady trends continue in the Greater Vancouver housing market

 

VANCOUVER, B.C. – February 4, 2014 – The first month of 2014 saw home sale and listing totals outpace historical averages in the Greater Vancouver housing market.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,760 on the Multiple Listing Service® (MLS®) in January 2014.

This represents a 30.3 per cent increase compared to the 1,351 sales recorded in January 2013, and a 9.9 per cent decline compared to the 1,953 sales in December 2013.

 

Last month’s sales were 7.2 per cent above the 10-year sales average for the month.

 

“The Greater Vancouver housing market has been in a balanced market for nearly a year. This has meant steady home sale and listing activity accompanied by stable home prices,” Sandra Wyant, REBGV president said.

 

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,345 in January. This represents a 4.2 per cent increase compared to the 5,128 new listings reported in January 2013.

 

Last month’s new listing count was 17.7 per cent higher than the region’s 10-year new listing average for the month.

 

The total number of properties currently listed for sale on the Greater Vancouver MLS® is 12,602, a 4.9 per cent decline compared to January 2013 and a nine per cent increase compared to December 2013.

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro

Vancouver is currently $606,800. This represents a 3.2 per cent increase compared to January

2013.

 

With the sales-to-active-listings ratio at 14 per cent, the region remains in balanced market territory.

 

“If you’re looking to sell your home in a balanced market, it’s critical that your list price is reflective of current market conditions,” Wyant said. 

Sales of detached properties in January 2014 reached 728, an increase of 34.3 per cent from the 542 detached sales recorded in January 2013, and a 10.5 per cent increase from the 659 units sold in January 2012. The benchmark price for a detached property in Greater Vancouver increased 3.2 per cent from January 2013 to $929,700.

 

Sales of apartment properties reached 753 in January 2014, an increase of 30.7 per cent compared to the 576 sales in January 2013, and an increase of 14.6 per cent compared to the 657 sales in January 2012. The benchmark price of an apartment property increased 3.7 per cent from January 2013 to $371,500.

 

Attached property sales in January 2014 totalled 279, an increase of 19.7 per cent compared to the 233 sales in January 2013, and a 6.9 per cent increase from the 261 attached properties sold in January 2012. The benchmark price of an attached unit increased 1.7 per cent between January 2013 and 2014 to $457,700.

 

Take a look at the latest Greater Vancouver Real Estate Statistics for our local market, by following the link below, and call me to discuss how this information is used for buying and selling homes in your specific neighbourhood. You can reach me directly at 604.715.3900 or email me at judy@judysehling.com. If you would like to receive this information monthly to your inbox, subscribe to my Newsletter.



Download the full Real Estate Statistics by clicking here. 

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