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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
SNEAK PEAK on: Friday, May 17th from 5:30-6:00PM. Open House on Saturday, May 18th & Sunday, May 19th from 2:00-4:00PM. ALL OTHER SHOWINGS RESTRICTED to Tuesday, May 21st &... 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
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Tag Archives: Presale Condos Vancouver
Financial Leverage and Presale Condos in Vancouver
I LOVE Questions and Comments on my blog posts and appreciate them HUGELY!!
We recently had a great question (Thanks Again Florin!) in the comments section of Episode 2 of How to Buy a Presale Condo where we discussed the advantages of pre-construction condos for Owner/Occupiers.
This question was SOOOO GOOD, I decided to bring in a mortgage broker, Chad Watts and shoot an entire video on this topic!
I asked my mortgage specialist about point 3 “Financial Leverage.” The one where you mentioned “buyer who previously was a high ratio borrower to become a low ratio borrower” if the property value goes up. She told me that this in not the case anymore. The bank will only base the financing on the purchase price of the home. Is this correct and if so is this true to all banks?
The mortgage specialist Florin spoke to is right.
There are rules restricting lenders from giving a mortgage on the actual market value of a presale condo if it has gone up in value from when it was purchased pre-construction to when it completes.
BUT, this does not mean the buyer of a presale condo in Vancouver cannot leverage the increase in value of the property between the time of purchase and the completion date.
Can a Presale Bought High Ratio be Completed on Low Ratio? Yes, in a Roundabout Way!
This only works when the presale Continue reading
Marine Gateway, a New Presale Condo on Vancouver’s Canada Line at the end of Cambie in Marpole
Marine Gateway is a major, new condominium development in the rapidly gentrifying Marpole area of South Vancouver. Located on the southeast corner of Cambie St. and SE Marine Drive, this mixed-use development will have residential, retail and office space. It will be connected directly to downtown Vancouver, the airport and Richmond via the rapid transit Canada Line.
Marine Gateway will feature two towers. The North Tower, topping out at 38 stories, will house 234 suites. Tentative completion is set for November 30, 2014. The South Tower will feature 29 levels with 180 suites planned for completion January 31, 2015.
Marine Gateway’s Ultra-Convenient Location
Marine Gateway is directly on the Canada Line, meaning your less than 20 minutes from the downtown core and five minutes from YVR and the multicultural dining of Richmond. But with a T&T grocery store, coffee shops, banks and an 11-screen movie theatre right on-site, you don’t really need to go anywhere.
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Pricing for Marine Gateway Presale Condos
One-bedroom apartments at Marine Gateway will start at Continue reading
999 Seymour in a New Condo Presale in Downtown Vancouver
999 Seymour Street is a new Vancouver Condo Presale. This 134 suite, 22 level concrete condo building will be located at the corner of Seymour and Nelson Street in Downtown Vancouver, British Columbia, Canada. There will be residential suites from the 5th floor and above with retail on main and offices to the 5th floor. There is a separate elevator for commercial and office spaces and the residential sections of the building will have a dedicated elevator.
Central Downtown Vancouver Location at Seymour and Nelson
The central Downtown Vancouver location means everything and anything great in the area is walking distance. Groceries are across the street at Nesters Market, Yaletown is a block away and the Granville entertainment district is also a block away. The Orpheum and Vogues Theatres great venues for live entertainment are less than two block away.
Presale Condo Price List for 999 Seymour Street in Downtown Vancouver Continue reading