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Mike’s Real Estate Listings
2038 Stephens | Character Home | Basement Suite | Kitsilano | Vancouver West
This property SOLD on May 13th, 2013 for $1,578,000. Contact Mike for all the details: 604-763-3136. The classic Kits character home has a full width front porch and a second flr covered bal... View Listing Details
103-33 North Templeton | MASSIVE Patio! | East Hastings Real Estate | Vancouver East Condo
OPEN HOUSE on Tuesday, May 21st & Wednesday, May 22nd from 5:30-6:00PM. OFFERS on Wed, May 22nd. Call Sean Finnigan to Confirm an Open House or to book a Showing: 604... View Listing Details
309-27 Alexander | The Alexis | Heritage Loft Apartment | Gastown | Downtown Vancouver
Open House on Saturday and Sunday, May 18th & 19th from 2:30-4:30PM. Call Mike to confirm an Open House or to schedule a private showing: 604-763-3136. Welcome Home to 18' ceil... View Listing Details
414-1040 Pacific Street | Chelsea Terrace | West End Condo
Open House on Sunday, May 19th from 4:00-6:00PM. Call Mike to confirm an Open House or to schedule an appointment for a private showing. PRICE DROP! Welcome home to this immaculate suite at the solid Chelsea ... View Listing Details
202-3089 Oak Street | The Oaks | Fairview | Vancouver West
This Property SOLD on May 3, 2013 for $450K. Call Mike for more details: 604-763-3136. Enjoy a HUGE 520sf North facing patio at the Oaks in Fairview. This bright, private and quiet suite DOES NOT face Oak Str... View Listing Details
401-1238 Homer Street | Grafton | Yaletown Condo | Downtown Vancouver
Open House on Sunday, May 19th from 12NOON-2:00PM. Call Mike at 604-763-3136 to confirm an Open House or to schedule and appointment for a private showing. Reduced to Sell! Welcome to the Grafton,... View Listing Details
1909-5288 Melbourne Street | Collingwood | Vancouver Condo
Call Mike to Confirm an Open House or to Schedule an Appointment for a Private Showing. Price Reduced! Welcome home to expansive and unobstructed views of the North Shore Mountains at Emerald Park Place Sub-... View Listing Details
404-3161 West 4th Avenue | BRIDGEWATER | Kitsilano
Open House on Saturday, May 18th from 2:00-4:00PM. Call Mike (604)763-3136 to confirm an Open House or to schedule an appointment to view privately. New Price! Welcome home to 10’ ceilings and a bright southern exposure and 2 parking stalls at the Bridge... View Listing Details
112-3770 Manor Street | Cascade West | Burnaby North
This Property SOLD on May 3rd, 2013 for $315K. For all the details, call Mike at 604-763-3136. Welcome home to a gorgeous bright and quiet corner suite with a very large patio opening onto a large secluded garden area at Cascade West in... View Listing Details
- 1033 Marinaside Crescent Condo
- 1067 Marinaside Crescent Condo
- 1082 Seymour Street Condo
- 1372 Seymour Street: The Mark
- 821 Cambie Street Condo
- 1438 Richards Street Condo
- 1040 Pacific Street Condo
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Category Archives: For Sellers
Spring delivers greater balance to Greater Vancouver housing market
A closer relationship between home buyer demand and the supply of homes for sale has been having a stabilizing impact on home prices in the Greater Vancouver housing market over the last three months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,627 on the Multiple Listing Service® (MLS®) in April 2013. This represents a 6.1 per cent decrease compared to the 2,799 sales recorded in April 2012, and an 11.9 per cent increase compared to the 2,347 sales in March 2013.
Last month’s sales equate to the lowest April total in the region since 2001 and 20.9 per cent below the 10-year sales average for the month.
“While the number of home sales remains below Continue reading
Home sale activity improves but remains below historical averages
Lower levels of both supply and demand in recent months are holding home prices in check in the Greater Vancouver housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,347 on the Multiple Listing Service® (MLS®) in March 2013. This represents an 18.3 per cent decrease compared to the 2,874 sales recorded in March 2012, and a 30.6 per cent increase compared to the 1,797 sales in February 2013.
Last month’s sales were the second lowest March total in the region since Continue reading
CMHC Mortgage Insurance Explained by Jonathan Fung Vancity Mortgage Specialist!
What is CMHC Mortgage Insurance?
To answer this question, I recently met with Jonathan Fung, a mortgage specialist with Vancity who was kind enough to discuss CMHC mortgage insurance with us.
What is CMHC Mortgage Insurance?
CMHC stands for Canada Mortgage and Housing Corporation, which is a Crown Corporation owned by the Federal Government. One of CMHC’s core functions via its Mortgage Insurance is to assist illegible buyers purchase a home in Canada with less than a 20% down payment.
Lenders and Financial Institutions view property purchases with less than a 20% down payment as higher risk of default (ie Borrowers not paying their mortgage). Without CMHC mortgage insurance, lenders typically will not lend to borrowers with less than a 20% down payment.
CMHC insurance is available and required anytime a purchaser wants to buy home in Canada with between a 5% and 20% down payment. CMHC Mortgage Insurance does not insure property purchaser, but rather the financial institution where the purchaser is borrowing the money. CMHC Mortgage Insurance insure the lender so that if the borrower doesn’t pay their mortgage, the lender gets their money back.
Whats the Catch with CMHC Mortgage Insurance? Continue reading