Monthly Archives: February 2011

The Village on False Creek | Millennium Water PRICING at Olympic Village

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The Village on False Creek Condo Sale February 2011

The long troubled Millennium Water Residential Condominium Development at Vancouver’s Olympic Village in South East False Creek has been recently renamed The Village on False Creek is now on sale. The condo complexes for sale are “Bridge” at 1616 Columbia Street and 150, 170, 180 Athlete’s Way as well as “Kayak” which is 1633 Ontario Street, 77 Walter Hardwick Avenue, and 12 Athlete’s Way with 5 condo buildings in total.

Remember folks! This is not a Presale Condo! You will need to Complete on these properties very soon after you get an accepted offer!

How Many & How Much? See Price List Below!

The Village on False Creek Tentative Price List Courtesy of Mike Stewart Realtor

The pricing on The Village on False Creek is not super low, but it is in line with whats happening overall in the market. The market response has been phenomenal (due to Rennie Marketing’s spectacular media campaign and a hot real estate market) and sales have been very active.

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Vancouver Real Estate Commissions for Sellers Charged by Mike Stewart Realtor

Vancouver Real Estate Commission Rates from Mike Stewart on Vimeo.

How much are real estate fees in BC!

My name is Mike Stewart and I am an award winning residential Real Estate Agent in Vancouver, British Columbia, Canada and here is an explanation and breakdown of the Real Estate Commissions I charge Sellers to assist them in the sale of their properties.

When I am hired (by way of a Listing Contract which specifies the Commission) to sell a property I am referred to as the Listing Agent.

In Vancouver, Buyers generally DO NOT pay commissions to their real estate agents!

Commissions I Charge Real Estate Sellers in Vancouver:

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New 2011 Mortgage Rules and Real Estate in Vancouver with Mike Stewart & Jessi Johnson Part 1 of 3 Amortization!

The New 2011 Department of Finance Mortgage Rule Changes and Real Estate in Vancouver

Canada’s Department of Finance, which oversees and regulates Canada’s mortgage market which has a huge impact on Real Estate in Vancouver has enacted a new series of measures to cool the property market across Canada. The changes announced on January 17, 2011 are designed to allow the government to cool the Real Estate Market without affecting the overall economy by raising the Bank of Canada’s Prime Rate.

Call in the Expert!

As I am Realtor and not a Mortgage Broker, so I called in the expert to answer my questions on the new rules. Jessi Johnson, a Vancouver Mortgage Broker was kind enough to meet with me and explain the changes in detail.

Since there was sooo much detail, we broke up the discussion on the New 2011 Department of Finance Mortgage Rules and its effects on Vancouver Real Estate into a three part series.  In part one of the series we are going to talk about the changes to maximum amortization.

Shortened Amortization for High Ratio Mortgages?  Continue Reading…

January 2011 Real Estate Board of Greater Vancouver (REBGV) Statistics Package

REBGV Stats Package January 2011
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Stability and regional ‘hot spots’ characterize January housing market

The Greater Vancouver housing market remained in balanced market conditions in January, although higher levels of buyer demand were seen in some of the region’s largest communities.
The number of properties listed for sale and those sold on the Multiple Listing Service® (MLS®) last month outpaced the 10-year average in both categories for January.  Continue Reading…