Mike’s Blog for Home Buyers

October 2011 Real Estate Board of Greater Vancouver Statistics Package

October 2011 Real Estate Board of Greater Vancouver Statistics Mike Stewart Greater Vancouver at lower end of balanced housing market With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) system reached 2,317 in October, a 1 per cent decrease compared to the 2,337 sales in… Find out more

Presale Condo Completions in Vancouver – Avoiding Penalties!

Completing on a Presale Condo in Vancouver and Appraisals. I recently had the pleasure of interviewing Chad Watts of The Mortgage Group about an experience he had during the the Completion of a Pre-Sale Condo here in beautiful Vancouver, BC. Developers in many cases only give 10 days notice of the Completion of a Presale Condo. During this time sometimes up to several hundred appraisers need to get access to and appraise the soon to be Completed suites. (Not sure what an appraiser is? Check out this great explanation with video on What is an Appraisal!) What does Completion mean… Find out more

The Werks Pre-Sale Condo in Fairview Pricing & Floor Plans!

The Werks -  A New Residential Pre-Sale Condo in Fairview! The Werks is a new presale condominium in Vancouver's Cambie Village traditionally known as Fairview. This 7 level 20 suite concrete building which will have 555 West 7th Avenue between Cambie Street and Ash Street as the official address. There will be two street facing ground level units which will be 559 West 7th Avenue, a 1 bedroom and 557 West 7th Avenue which is a studio address. Central Westside Location The location is just a few blocks south of the seawall and steps to Whole Foods, Best Buy, Canadian… Find out more

Vancouver First Time Buyer 13 – Contract of Purchase and Sale – Subject Clauses

Buying Your First Home Safely in Vancouver with Subject Clauses in the Contract of Purchase and Sale! In Episode 12, we discussed the expiry time and date on the Contract and Purchase and Sale. Today we talk safety. When it comes to buying a first home, Safety Comes First! Subject Clauses in a Real Estate offer coupled with detailed due diligence is the best ways to ensure that a first home isn't a hassle, money pit, leaky condo, or worse. What is a Subject Clause in a Real Estate Offer? A Subject Clause in a Real Estate Contract is sometimes… Find out more

September 2011 Real Estate Board of Greater Vancouver Statistics Package

Sept 2011 REBGV Stats Mike Stewart Home listings continue to rise in the Greater Vancouver housing market Consistent increases in property listings and fewer home sales over the summer months has helped move the Greater Vancouver housing market into the upper end of a buyers’ market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,246 in September, a 1.2 per cent increase compared to the 2,220 sales in September 2010. Those sales also rank as the third lowest total for September… Find out more

6th & Fir Presale Condo in Vancouver Pricing and Floor Plans

6th & Fir A New Presale Condo in Vancouver's Fairview Neighbourhood 6th & Fir Pre Sale condo development located at the northeast corner of West 6th Avenue and Fir Street in Fairview. This will be a 46 or 47 suite (suites may be combined by the Westbank) concrete tower with generally 4 homes per floor. The tower will be 15 levels with 18 floors (Asian style numbering with no 4's). Y Yoga will be leasing commercial space on the lower level of the building for 5 years for a yoga studio and will give 2 free memberships for 5 years… Find out more