Why Should You Use a Realtor?

One of the questions that I get asked regularly is “Why Use a Realtor?”

This video from the Real Estate Board of Greater Vancouver explains why you should use a Realtor in the purchase or sale of your next home

So why should you use me as your Realtor? I understand that in buying or selling your home you are making one the biggest decisions of your lifetime, and I will be with you every step of the way! My passion is real estate, and my hope is that once we’ve worked together, the next time you go through one of these big life transitions, you won’t want to do it with anyone else. For me, there is no bigger compliment than when a client sends their friends or family to work with me.

Sunshine Coast Sales in 2016

SC Stats 2016

The Sunshine Coast market activity by the end of November 2016, continued to demonstrative above average levels of sale activity and steady increases in value, compared to the same period in 2015.

Current market activity trends indicate that 2016 has been the busiest year for transactions since 2003.
With high levels of buyer interest combined with historically low levels of properties being offered for sale, the market continues to move in favour of sellers in all segments of the market place as of the end of November 2016. The number of transactions have increased by 43% in 2016, when compared to the same period last year, resulting in average sales prices increasing of: $487,000 for detached homes (a 19% increase in 11 months); $297,500 for attached (a 10% increase in 11 months); and $198,000 for land sales ( a 5% increase in 11 months).

As a result of the consistently strong levels of activity for the last 12-18 months, the number of properties being offered for sale has fallen during the third quarter of 2016. Looking forward in 2017, we expect the market to continue being a sellers market. With the increase of sales volumes and prices from this year, we expect that the 2017 market will demonstrate the characteristics of a low supply – high demand marketplace with strong support for prices at current or higher price levels.

How Much Is Your Property Worth?

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The latest assessed values of properties on the Sunshine Coast are now available online with estimated increases of up to 40 per cent in some cases:

“The 2016 assessments are indicating significant increases from 2015,”says Assessor Jason Grant. “Increases of 15-25 per cent will be typical for single-family homes in Vancouver, North Vancouver, West Vancouver, Burnaby, Tri-Cities, New Westminster and Squamish. Single-family market movement in Whistler, Pemberton and the Sunshine Coast is less dramatic, with typical increases in the zero to 15 per cent range. Typical strata residential increases throughout the region will be in the five to 10 per cent range.”

The assessed values of houses in B.C. can be found at E-Value BC.

OCTOBER 2016 MARKET STATISTICS | SUNSHINE COAST SALES

Here’s an up to date look at real estate sales for the Sunshine Coast BC.

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It’s a buyers market here on the coast, and the perfect time for that move or vacation home!

For Sale: 1276 W 27th Avenue | Shaughnessy | Vancouver

First time on the market in 25 years! Well maintained home on a large, level 50×125 ft. lot (6,250 sq.ft.) with a south facing rear yard in prestigious Shaughnessy location. Surrounded by multi-million dollar homes, here is your opportunity to live in Shaughnessy with the potential to build your dream home. This home has been recently updated and includes 5 bedrooms plus office and 4 bathrooms in a desirable location. Two-level living with fully finished basement offers spacious living, dining and family rooms, bright kitchen with breakfast bar & eating area which opens to your south-facing sundeck and fully-fenced yard. This home has many original features: classic cross-hall formal living and dining room, gorgeous original hardwood flooring and wainscotting. The main level has a good-sized den, office and a 2 piece bathroom, while the upstairs features a big master with 3 piece ensuite and a second bedroom with a 3 piece bathroom. The lower level has a large recreation room, two bedrooms, 3 piece bathroom and a wine cellar. The backyard has a south-facing sundeck and detached 2.5 car garage with lane access. Central location, close to King Edward Mall, Queen Elizabeth Park & all amenities along Oak St, Cambie St & Granville St. Great schools: Emily Carr Elem., Eric Hamber Sec. Vancouver College, Little Flower Academy & UBC.

Attention First Time Home Buyers…..

Yesterday, the Liberal government announced sweeping changes aimed at ensuring Canadians aren’t taking on bigger mortgages than they can afford in an era of historically low interest rates. The changes are also meant to address concerns related to foreign buyers who buy and flip Canadian homes.

Below is a breakdown of the four major changes Finance Minister Bill Morneau announced Monday. To read more, click on the link below or feel free to ask me!

1. Buyers with a down payment of at least 5 per cent of the purchase price but less than 20 per cent must be backed by mortgage insurance.

2. As of November 30, the government will impose new restrictions on when it will provide insurance for low-ratio mortgages.

3. New reporting rules for the primary residence capital gains exemption.

4. The government is launching consultations on lender risk sharing.

To read more about these changes and who they impact, please click here.