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Recently Sold Listing 4171 PRINCE ALBERT STREET, Vancouver, BC


R2168621 - 4171 PRINCE ALBERT STREET, Vancouver, BC, CANADAI have just recently sold this listing at 4171 PRINCE ALBERT STREET, Vancouver.

New Listing 302 977 W 8TH AVENUE, Vancouver, BC


R2170419 - 302 - 977 W 8th Avenue, Vancouver, BC, CANADAView my new listing for sale at 302 - 977 W 8th Avenue, Vancouver and currently listed at $3,250,000.

This stunning penthouse in the AIR CONDITIONED, boutique concrete "The 8th Avenue" designed by Arthur Erickson offers unobstructed views of downtown, False Creek, & the mountains. This 2 bed & den, 2.5 bath, one owner home was extensively renovated with hundreds of thousands worth of updates: heated travertine floors, Wolf range, Cat 5, coffered ceilings, imported cabinets, Lutron lighting, the list goes on. The open concept living space spills on to the 284 sq ft patio w/ large double tilt/slide glass doors, perfect for entertaining & offering panoramic views. Includes PRIVATE TWO CAR GARAGE and large storage locker. A separate private 202 sq ft office & shared boardroom is located on the ground level. OPEN Sat May 27 @ 2:30-4:30PM, May 28 @ Sun 2-4PM.

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New Listing 1004 - 1155 Seymour Street, Vancouver, BC


R2169284 - 1004 - 1155 Seymour Street, Vancouver, BC, CANADAView my new listing for sale at 1004 - 1155 Seymour Street, Vancouver and currently listed at $899,000.

Welcome to BRAVA! This spacious 884 sq ft suite has 2 beds 2 baths, and open balcony! A bright, clean, and functional layout, with views of Emery Barnes Park across the street. Features a huge galley style kitchen w/ granite counter tops, black walnut laminate floors, big windows, and well separated bedrooms. Plenty of storage space, with a den and large insuite storage. The building offers fantastic amenities, with outdoor pool, sauna, exercise room, party room, and children's play area. Steps away from shopping, restaurants, and rapid transit. Includes 1 parking and 1 storage. Pets and rentals allowed. OPEN HOUSE CANCELLED

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New Listing 201 - 1220 Barclay Street, Vancouver, BC


R2169389 - 201 - 1220 Barclay Street, Vancouver, BC, CANADAView my new listing for sale at 201 - 1220 Barclay Street, Vancouver and currently listed at $789,000.

Welcome to Kenwood Court, a centrally located West End CONCRETE building! Completely renovated top to bottom, this corner 2 bed 2 bath unit features a spacious living and dining room w/ cozy gas fireplace and high end laminate floors. Custom sliding doors lead to a large master bdrm w/ 4-piece ensuite; and another set of barn-style doors lead to a sizeable 2nd bdrm. Great natural lighting w/ huge windows and balcony looking onto a quiet tree-lined street. Open kitchen w/ new custom cabinets and large pantry. Includes in-suite laundry and 1 parking! Excellent location with parks and entertainment only a short walk away. Pets and rentals allowed w/ restrictions. OPEN May 27 @ 2PM-4PM & May 28 @ 12PM-2PM.

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Real Estate News


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What Would Happen If Canada's Real Estate Bubble Bursts?

Home prices in Canada are going off the charts, and even attempts to cool down the market has been met with limited success. Many people agree that this increase in prices is not sustainable, and that a correction is bound to happen down the line. However, how this correction will manifest itself is uncertain. Most are still banking on that ambiguous "soft landing" policy-makers have talked about for years; but what if a real estate market crash was to occur?

For reference, an example of a real estate market crash would be Toronto in 1989. The average cost of a home hit a 30-year high at $273,698 – then the bottom fell out. By 1996, the average had fallen to $198,150.

Admittedly, there are some owners who would be largely unaffected even if there was a housing crash. Someone who isn’t going to move and has a lot of equity in the house would be set back, but they wouldn’t be tied to monster mortgages and still have a financial cushion.

But housing isn’t just about prices, and a serious downtown may have greater implications for the economy.

Karl Schamotta, director at Cambridge Global Payments, predicts that unemployment would spike and made worse by people's reluctance to move for work because they are tied to mortgages for homes worth less than they paid. This would be bad for productivity, and make Canada’s economy less able to react to global changes. Predictably, the loonie would also fall, which would hurt imports while boosting exports.

A lot of this also depends on why prices fall in the first place. If it’s due to resolving housing supply issues, this may actually be positive for the economy. If it is due to a quick rise in interest rates, we may see a situation that is not dissimilar to the housing crisis in the United States a few years back. People would have to spend more on their mortgages, leaving them with less to spend elsewhere. Then a consumer-led recession would occur, where unemployment rises, people default, and housing prices decline. Of course, that’s the worst case scenario and many believe that it will be unlikely.

One key difference between Canada and the United States is that “everyone in this country is trying to slow down the market.” Benjamin Tal, deputy chief economist at CIBC World Markets says, “You don't have the situation where banks are seeing green and trying to maximize profits. In fact they are really trying to slow it down. Regulators are trying to slow it down and more is coming."

Source:
CBC



Recently Sold Listing 210 - 2263 Redbud Lane, Vancouver, BC


R2162579 - 210 - 2263 Redbud Lane, Vancouver, BC, CANADAI have just recently sold this listing at 210 - 2263 Redbud Lane, Vancouver.

New Listing 214 - 4885 Valley Drive, Vancouver, BC


R2168450 - 214 - 4885 Valley Drive, Vancouver, BC, CANADAView my new listing for sale at 214 - 4885 Valley Drive, Vancouver and currently listed at $750,000.

First time listed for sale! Bright corner suite facing beautiful Quilchena Park. Very functional 768 sq ft floorplan with no wasted space. 1 large bedroom, 1 den, and spacious insuite storage that can be used as a home office. Big living room with natural gas fireplace; and open kitchen with granite countertops, breakfast bar and stainless steel appliances. HUGE patio, overlooking the park and quiet tree-lined streets. Building has quality amenities, such as fitness centre, outdoor pool, billiards room, etc. Walking distance from shopping, public transit, and schools. Includes 1 parking. Open House Sat May 27/Sun May 28 @ 2PM-4PM.

New Listing 210 1210 W 8TH AVENUE, Vancouver, BC


R2168157 - 210 - 1210 W 8th Avenue, Vancouver, BC, CANADAView my new listing for sale at 210 - 1210 W 8th Avenue, Vancouver and currently listed at $798,000.

A skip and a jump from Granville Island, False Creek seawall, Vancouver General Hospital, and the shops of South Granville, this Fairview Slopes home awaits. The open concept floorplan boasts a wood burning fireplace and separated bedrooms for maximum privacy. North facing views showcase the Vancouver skyline through floor to ceiling windows and two open air balconies. Fully renovated, with levelled high end laminate flooring, new window coverings, new light fixtures, and recessed lighting. Bathrooms are brand new w/ heated tiles, and the updated kitchen features solid oak cabinets, new S/S appliances, and granite counters. Don’t miss this pristine 2 bed 2 bath at the well-respected, fully rainscreened GALLERIA! Pets and rentals are welcome. OPEN May 27 @ 12PM-2PM & May 28 @ 2PM-4PM.

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Recently Sold Listing 1406 989 BEATTY STREET, Vancouver, BC


R2163991 - 1406 989 BEATTY STREET, Vancouver, BC, CANADAI have just recently sold this listing at 1406 989 BEATTY STREET, Vancouver.

New Listing 801 - 1111 Marinaside Crescent, Vancouver, BC


R2167319 - 801 - 1111 Marinaside Crescent, Vancouver, BC, CANADAView my new listing for sale at 801 - 1111 Marinaside Crescent, Vancouver and currently listed at $3,500,000.

UNOBSTRUCTED False Creek views from this COMPLETELY RENOVATED THREE BEDROOM, 2.5 bath suite in the boutique Aquarius Villas on Marinaside Crescent. Extremely private with just two suites on this floor, this professionally designed residence features $800k of stunning updates and offers sweeping 180 degree views of False Creek, Seawall, and the Yaletown Marina. This is truly the ultimate Yaletown home with a spacious floorplan, two covered balconies, fantastic building amenities (indoor pool/Jacuzzi/sauna/fitness/concierge), and only steps to Vancouver's best shopping, restaurants, & rapid transit. Agent's Open May 26, Fri @ 10:30PM - 12PM

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