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Month: October 2007

by Maggie Chandler Maggie Chandler No Comments

GST cut to 5%

What do you think about the tax cuts in Harper’s budget last night?

GST has been cut to 5% effective January 1, 2008, which will help housing affordability as the GST is charged on all new homes. The reduction is applicable to homewoners who purchase after October 31, 2007 and take possession after January 1, 2008.  As well, if you purchase before October 30,2007 and take possession after January l, 2008, you can apply to the Canada Revenue Agency for a transitional rebate that reflects the reduction to 5%.

In addition, Canada’s economy grew at 0.2% pace in August, faster than the market forecast for a 0.l% gain. In the July-august period, the economy expanded at a 2% annualized pace in the compared to the 3.4% average of the second quarter, setting up for a more moderate 3rd quarter, following 6 months of robust expansion. The employment cost index for the 3rd quarter showed that the index advanced 0.8% in the quarter and 3.3% relative to a year ago. Wages and salaries grew 0.8%

Also in the budget – the government will lower the corporate income tax t0 19.5% next year, l% point more than planned, from just over 22% today and further cuts going forward to 2011. These massive tax cuts and higher energy prices have brought an investment climate to Canada that is of historical proportions.

Effective this year, personal taxes for the lowest income tax bracket will be cut by half a percentage point to 15% and personal exemption rates for all taxpayers will be raised to C$9,600. Because the two personal income tax cuts are retroactive to 2007, the measures will give instant tax relief to many workers as employers adjust to the new rates. The cuts are thought to help protect the world’s 8th largest economy from the effects of a US slowdown and a surging canadian dollar.

The Loonie soared on the above news, exceeding a 47 year high to $1.0610 against the U.S. $

I think the budget will bode well for the Canadian economy, more companies will be moving to Canada and creating jobs. Our economy will grow and this will all be positive for real estate.

What do you think of Harper’s budget? Are the cuts good for you? Will the GST reduction and lower income taxes  help you to buy a new home ?

Now all we need is a reduction in the 50% capital gains tax!!

by Maggie Chandler Maggie Chandler No Comments

Halloween

pumpkin

Are you partaking in a neighbourhood event for the spookiest weekend of the year and are you dressing up?

I’m going as a pirate this year.

Some people think halloween for adults is like candies for kids!

Thought i’d share some neighbourhood events with you.

Capers is featuring a spook-taculor hunting on october 31st, all day, at Robson and Kits store. Joine the ghosts!

Malone’s on Cornwall is having a cash costume contest on october 27th

Darb’s Pub features Marshmallow Madness on october 27th

Vancouver Maritime Museum haunted ship on october 28th

Kits Community Centre is having a Halloween Howl on october 27th for ages 0-10

Earthsave Halloween Youth Vegan Potluck Party 6.30-10pm, 2150 Maple

Let us know what you think if you attended any of the above events, or share your great finds with us, so we can pass them on.

by Maggie Chandler Maggie Chandler No Comments

Building Better communities: Real Estate Foundation Grants

Are you familiar with the REF?

“The Real Estate Foundation is a philanthropic organization created in 1985 by an amendment to the Real Estate Act. It is continued under the new Real Estate Services Act, which came into force January 1, 2005. Under the Act, the Foundation’s purposes are: “to undertake and carry out real estate public and professional education, real estate law reform, real estate research and other projects intended for the public or professional good in relation to real estate activities.” (Part 7, Division 1)

The Real Estate Foundation enjoys wide latitude to interpret and execute its mandate as broadly set out in the Real Estate Services Act. The Board of Governors has established the Foundation’s mission, as follows:

“to support sustainable real estate and land use practices for the benefit of British Columbians.”

The Real Estate Foundation provides both project funding and endowment grants to non-profit organizations. Endowment grants are available only to organizations with charitable status (federal tax number). Project funding is granted to help an organization attain particular goals in a specified time period.”

In September, the Real Estate Foundation of BC awarded a total of $1,353,400 to fund projects that support everything from special needs housing to sustainable growth initiatives.

British Columbia Institute of T echnology’s School of Construction and the Environment received $500,000 toward a province-wide program called “Endowment for the Adoption of Green Value Strategies in Development.”

Port Alberni’s Kakawis Family Development Centre Society was awarded a grant of $250,000 to assist with construction of a residential addictions treatment centre.

An $181,000 grant was awarded to the John Howard Society of the Central and South Okanagan to help with the creation of Bedford Place, a supportive housing complex for ex-offenders.

The Nicola Watershed Community Round Table was given $75,000 for research and community consultation to assist with water use management planning.

The City of Williams Lake will be helped with a $20,000 grant to support a community plan that endeavours to integrate sustainable planning.

For a full list of the latest grant approvals, and more information about the Foundation, go to www.realestatefoundation.com .

If you visit their website you’ll know more about what the Foundation is about.

REBGV

by Maggie Chandler Maggie Chandler No Comments

Reduce Greenhouse Emissions at Home

Real estate sales and home ownership contribute to the economic unit social climate across BC. But real estate can also reduce greenhouse gas emissions.

BCREA, REBGV and Canadian Home Builders Association BC have responded to Minister Taylor’s question of how tax incentives could be used to encourage consumers to reduce greenhouse gas emissions by 33% by 2020 while maintaining a strong and competitive tax system, through a unique provincial pre-budget proposal to the Standing Committee on Finance and Government Services.

Built Green is a nationally based sustainability program, driven by the construction industry, that establishes standards for building new homes. The goal is to reduce a home’s overall environmental impact by producing homes that are more energy efficient. A Built Green home saves 2.5 tonnes in greenhouse gas emissions each year and improves interior home air quality.  The program sets out criteria for achieving each of three certification levels:  Bronze, Silver and Gold. CHBABC joined the program in 2005 forming built Green BC.

 On average, a certified Gold home costs between 4-6% more than a convential house. CHBABC confirms that 400 Built Green homes were constructed last year and another 300 will be built this year. BCREA supports the idea of a pilot program to encourage the purchase of Built Green homes through a provincial tax incentive.

BCREA, REBGV and CHBABC are examining how buyers of Built Green homes could be exempted from paying the full Property Transfer Tax. Although the real estate profession looks forward to the PTT being eliminated or significantly reduced for all homebuyers, this pilot program would provide an opportunity for government and the real estate and construction sectors to evaluate the impact of tax incentives on consumer choice, affordability and environmental stewardship. Tax incentives for current homeowners who renovate their homes and achieve Built Green ratings could also be considered.

The program will be good for our economy, our environment and our neighbourhoods.

For more information visit www.realtorlink.ca, www.chbabc.org and www.env.gov.bc.ca/air/climate

Do you live in a Built Green home? If so, would you share your experience with us? Do you have a Green idea for your neighbourhood?

REBGV

by Maggie Chandler Maggie Chandler No Comments

Available on October 20th

Three rare newly-developed properties in Kitsilano’s beautiful Point Grey will become available October 20th. Fitting in with their historically resonant design, these suites are in an exclusive Vancouver location. Described as “semi-waterfront townhomes on West 1st. Only a picturesque Park between you and the Sea and nothing between you and the View.”

The first suite, at 3202 W 1st, a 3 bedroom plus den at 1414 square feet, is listed at $1,468,000.

The second, at 3206 W. 1st, is a 2 bedroom plus den at 1434 square feet, also listed at $1,468,000.

The third, at 3208 W 1st, is a 1 bedroom 423 square foot suite, at $498,000.

As you can see from the photo, the project is still under construction, but should be ready for the Oct. 20th completion date. 3202, 3206 West 1st

by Maggie Chandler Maggie Chandler No Comments

Kitsilano’s North of 4th Avenue Lifestyle

202 2238 W 2nd Ave.
I just sold a 2 bedroom condo in the Sandpebble, which is one of Kits special buildings! Only 6 units! Beautifully updated, freshly painted, with new carpets. 2 bedrooms/2 bathrooms, gourmet kitchen with eating area, gas fireplace, large balcony. Plus the home has a 10 year warranty.

by Maggie Chandler Maggie Chandler No Comments

Almost Kitsilano

I just sold this Fairview condo at 701 – 2201 Pine Street with ever-changing views of the Burrard inlet and the mountains beyond.  This tastefully renovated 2 bedroom, 2 baths plus den is loaded with modern features: Cozy hardwood floor thru-out, open-plan.

701 interior701-2201 Pine, ext.

Above: Living room, building exterior. Below: View from suite.

by Maggie Chandler Maggie Chandler No Comments

Kitsilano’s The Vine

Assignment of Contracts

Due for possession December 1st, in Kitsilano’s newest building: The Vine at 2228 W. Broadway

The vine Drawing

Don’t miss this rare opportunity at The Vine in Kits! Just steps to Kits Beach, community centre/rink, transit. Complex includes London Drugs, IGA Marketplace. Enjoy the relaxing Kitsilano lifestyle. Quality concrete construction & exquisite details, stylish finishings including granite countertops, quality appliances. Easy access to downtown, skytrain and new RAV line.

The vine, interior
List Prices start at $398,000 for a corner studio facing Connaught Park, and 1 bedroom and flex room for $420,000, with other open floor plans listed at $425,000, and $449,000.

Also available at The Vine in Kits, 2 bedroom, 2 bath, with great floor plan, and large outdoor space, 1 of the best units in the building, all the upgrades, stainless steel appliances, hardwood floors, 8’5 ceiling, granite counters. List price $569,000.

And another smart 2 bedroom, 2 bath + flex space floor plan featuring the 8’5 ceilings & stylish finishings throughout at $579,000.

Or at the same list price of $579,000, one of the few units with beautiful private fenced outdoor patio. 2 bedrooms + 2 full baths, 1 flex room (storage), and 1 enclosed balcony. The outdoor patio is also connected to the rooftop garden. Very unique.

The Vine logo

the vine under construction

Call Maggie when you’re ready to buy or sell your Kits condo.

by Maggie Chandler Maggie Chandler No Comments

Coal Harbour Statistics for September 2007

Listings

In September we saw 118 listings in Coal Harbour (vs. 129 in August). The least expensive of the l bedrooms is 1331 W. Georgia at $340,000 for 530 square feet.
The least expensive 2 bedroom is also at 1331 W Georgia, at 948 square feet, listed at $519,000.

Sales

September saw 14 sales (vs. 24 in August) Lowest sold was for $365,000 for 509 sq.ft. The highest sold was at $2,450,000 for 1916 sq.ft.

September’s Average Days on Market: 33

In Coal Harbour last month, 0 sales were under $300,000; 3 were under $500,000; 7 in the $500,000 to $1,000,000 range; 2 were from $1-2,000,000, and 2 were from $2-3,000,000, none over $3,000,000.

Of these, 2 sold at list price and 2 sold over list price.

And for the sake of comparison, July 2007 saw 28 sales and August 2007 had 24 sales.

 

by Maggie Chandler Maggie Chandler No Comments

Kitsilano Statistics for September 2007

Shopping on 4th Avenue
Shopping on 4th in Vancouver’s desirable Kitsilano Neighbourhood

Condo Sales in September 07

Kitsilano Condos had 87 current listings this September, with 32 sales in that month. Compare last month, August 07 at 26 and last year, Sept 06 at 29 sales. Here’s how they break down: 1 sale under $300,000, 19 between $300,000 and $500,000, and 12 over $500,000.

They range from $225,000 for a 438 square foot studio to $1,950,000 for a 1,736 sq. ft. brand new view 2 bedroom. Of the total sales, 13 were l bedrooms. The least expensive 2 bedroom was $429,000 for 703 square feet.
In September, 19 condos sold over list, 4 at list. As you can see, there is still an incredibly strong market for Kits condos.
Average Days on Market: 26, with less than 3 months of inventory on the market
Kitsilano Townhomes

There are currently 36 townhome listings, up from 24 last month. The range? From $533,900 for 632 square feet to $1,498,00 for a 1,866 square foot 3 bedroom.

September saw 12 sales, while August had 16 townhome sales. Of these, 12 sales were from $500,000 to $1,950,000 (for 1736 square feet.) In Kitsilano last month, 11 townhomes sold under $1,000,000, 1 sold over $1,000,000. 8 sold over list price.

There are about 2 months of inventory on the market.


Kitsilano Houses

Currently there are 42 listings for houses in Kitsilano, ranging from $838,000-$15,000,000.

September saw 10 sales, while in August there were 11. 1 sold under $1,000,000, 9 sold between $1 and 2,000,000 and there were none over $2 million. Of the houses sold, 6 went for over list price, 1 at list price.

There are currently about 4 months of inventory on the market.

Corner Store on 4th Avenue
4th Avenue

by Maggie Chandler Maggie Chandler No Comments

Coal Harbour by Plane

One of the charms of Coal Harbour is that while it is one of Vancouver’s most affluent neighbourhoods, it still has a – neighbourhood feeling to it.

You certainly notice that when you go to the marina. We’d like to show you around a bit.

The word “neighbourhood” is particularly interesting when we look at one of the services, Harbour Air, with its floatplanes. If you hail from another, smaller country – Germany, perhaps, or the UK – you wouldn’t associate the word “neighbourhood” with airplanes of any sort.

But Canada is such a huge country. Popping over to Kelowna, for example, “only” 400 km east of here, is not such a big deal. Most would consider it close (never mind it is almost the same distance as between Budapest and Prague).Flying over Vancouver by seaplane.

That’s why seaplanes and helicopters, two services offered in Coal Harbour, are so important here. The seaplanes are especially useful for travel to, from and between the Gulf Islands and all the other island groups that dot our coast.

Take South Pender Island, for example. Harbour Air has a scheduled flight there that costs as much as taking the car there – and it takes less time.

Or take Texada Island, a spectacularly beautiful, pastoral piece of paradise and the dream of many a fisherman. Even though it is definitely in the neighbourhood as the crow flies, it’s almost impossible to get to by ferry and takes almost a whole day. Chartering a quick flight there instead is a real treat, and, at about $220 per person, definitely worth the money.

A bonus – Harbour Air is green conscious. Yesterday it announced that it will be the first carbon neutral airline in North America.

(Note: This post orginally appeared in the shared blog, Coal Harbour: Urban Living on the Waterfront, now discontinued)

by Maggie Chandler Maggie Chandler No Comments

New Point Grey Road Development

Three rare newly-developed properties on Kitsilano’s beautiful Point Grey Road will become available October 20th.

Fitting in with their historically resonant design, these suites are in an exclusive Vancouver location. Described as “semi-waterfront townhomes on West 1st. Only a picturesque Park between you and the Sea and nothing between you and the View.”

The first suite, at 3202 W 1st, a 3 bedroom plus den at 1414 square feet, is listed at $1,468,000.

The second, at 3206 W. 1st, is a 2 bedroom plus den at 1434 square feet, also listed at $1,468,000.

The third, at 3208 W 1st, is a 1 bedroom 423 square foot suite, at $498,000.

As you can see from the photo, the project is still under construction, but should be ready for the Oct. 20th completion date.

by Maggie Chandler Maggie Chandler No Comments

Reducing Greenhouse Emissions at Home

Real estate sales and home ownership contribute to the economic unit social climate across BC. But real estate can also reduce greenhouse gas emissions.

BCREA, REBGV and Canadian Home Builders Association BC have responded to Minister Taylor’s question of how tax incentives could be used to encourage consumers to reduce greenhouse gas emissions by 33% by 2020 while maintaining a strong and competitive tax system, through a unique provincial pre-budget proposal to the Standing Committee on Finance and Government Services.

Built Green is a nationally based sustainability program, driven by the construction industry, that establishes standards for building new homes. The goal is to reduce a home’s overall environmental impact by producing homes that are more energy efficient. A Built Green home saves 2.5 tonnes in greenhouse gas emissions each year and improves interior home air quality.  The program sets out criteria for achieving each of three certification levels:  Bronze, Silver and Gold. CHBABC joined the program in 2005 forming built Green BC.

 On average, a certified Gold home costs between 4-6% more than a convential house. CHBABC confirms that 400 Built Green homes were constructed last year and another 300 will be built this year. BCREA supports the idea of a pilot program to encourage the purchase of Built Green homes through a provincial tax incentive.

BCREA, REBGV and CHBABC are examining how buyers of Built Green homes could be exempted from paying the full Property Transfer Tax. Although the real estate profession looks forward to the PTT being eliminated or significantly reduced for all homebuyers, this pilot program would provide an opportunity for government and the real estate and construction sectors to evaluate the impact of tax incentives on consumer choice, affordability and environmental stewardship. Tax incentives for current homeowners who renovate their homes and achieve Built Green ratings could also be considered.

The program will be good for our economy, our environment and our neighbourhoods.

For more information visit http://www.realtorlink.ca/, http://www.chbabc.org/ and www.env.gov.bc.ca/air/climate

Do you live in a Built Green home? If so, would you share your experience with us? Do you have a Green idea for your neighbourhood?

REBGV

by Maggie Chandler Maggie Chandler No Comments

Building Better Communities – The Real Estate Foundation Grant

The Real Estate Foundation is a philanthropic organization created in 1985 by an amendment to the Real Estate Act. It is continued under the new Real Estate Services Act, which came into force January 1, 2005. Under the Act, the Foundation’s purposes are: “to undertake and carry out real estate public and professional education, real estate law reform, real estate research and other projects intended for the public or professional good in relation to real estate activities.” (Part 7, Division 1)The Real Estate Foundation enjoys wide latitude to interpret and execute its mandate as broadly set out in the Real Estate Services Act. The Board of Governors has established the Foundation’s mission, as follows:

“to support sustainable real estate and land use practices for the benefit of British Columbians.”

The Real Estate Foundation provides both project funding and endowment grants to non-profit organizations. Endowment grants are available only to organizations with charitable status (federal tax number). Project funding is granted to help an organization attain particular goals in a specified time period.”

In September, the Real Estate Foundation of BC awarded a total of $1,353,400 to fund projects that support everything from special needs housing to sustainable growth initiatives.

British Columbia Institute of T echnology’s School of Construction and the Environment received $500,000 toward a province-wide program called “Endowment for the Adoption of Green Value Strategies in Development.”

Port Alberni’s Kakawis Family Development Centre Society was awarded a grant of $250,000 to assist with construction of a residential addictions treatment centre.

An $181,000 grant was awarded to the John Howard Society of the Central and South Okanagan to help with the creation of Bedford Place, a supportive housing complex for ex-offenders.

The Nicola Watershed Community Round Table was given $75,000 for research and community consultation to assist with water use management planning.

The City of Williams Lake will be helped with a $20,000 grant to support a community plan that endeavours to integrate sustainable planning.

For a full list of the latest grant approvals, and more information about the Foundation, go to realestatefoundation

REBGV

by Maggie Chandler Maggie Chandler No Comments

Halloween in Vancouver

Are you partaking in a neighbourhood event for the spookiest weekend of the year and are you dressing up?

I’m going as a pirate this year.

Some people think halloween for adults is like candies for kids!

Thought i’d share some neighbourhood events with you.

Capers is featuring a spook-taculor hunting on october 31st, all day, at Robson and Kits store. Joine the ghosts!

Malone’s on Cornwall is having a cash costume contest on october 27th

Darb’s Pub features Marshmallow Madness on october 27th

Vancouver Maritime Museum haunted ship on october 28th

Kits Community Centre is having a Halloween Howl on october 27th for ages 0-10

Earthsave Halloween Youth Vegan Potluck Party 6.30-10pm, 2150 Maple

Let us know what you think if you attended any of the above events, or share your great finds with us, so we can pass them on.

by Maggie Chandler Maggie Chandler No Comments

GST Cut to 5%

GST has been cut to 5% effective January 1, 2008.

This which will help housing affordability as the GST is charged on all new homes. The reduction is applicable to homewoners who purchase after October 31, 2007 and take possession after January 1, 2008.  As well, if you purchase before October 30,2007 and take possession after January l, 2008, you can apply to the Canada Revenue Agency for a transitional rebate that reflects the reduction to 5%.

In addition, Canada’s economy grew at 0.2% pace in August, faster than the market forecast for a 0.l% gain. In the July-august period, the economy expanded at a 2% annualized pace in the compared to the 3.4% average of the second quarter, setting up for a more moderate 3rd quarter, following 6 months of robust expansion. The employment cost index for the 3rd quarter showed that the index advanced 0.8% in the quarter and 3.3% relative to a year ago. Wages and salaries grew 0.8%

Also in the budget – the government will lower the corporate income tax t0 19.5% next year, l% point more than planned, from just over 22% today and further cuts going forward to 2011. These massive tax cuts and higher energy prices have brought an investment climate to Canada that is of historical proportions.

Effective this year, personal taxes for the lowest income tax bracket will be cut by half a percentage point to 15% and personal exemption rates for all taxpayers will be raised to C$9,600. Because the two personal income tax cuts are retroactive to 2007, the measures will give instant tax relief to many workers as employers adjust to the new rates. The cuts are thought to help protect the world’s 8th largest economy from the effects of a US slowdown and a surging canadian dollar.

The Loonie soared on the above news, exceeding a 47 year high to $1.0610 against the U.S. $

I think the budget will bode well for the Canadian economy, more companies will be moving to Canada and creating jobs. Our economy will grow and this will all be positive for real estate.

What do you think of Harper’s budget? Are the cuts good for you? Will the GST reduction and lower income taxes  help you to buy a new home ?

Now all we need is a reduction in the 50% capital gains tax!!

by Maggie Chandler Maggie Chandler No Comments

Just Sold on Pine Street

I just sold this Fairview condo at 701 – 2201 Pine Street with ever-changing views of the Burrard inlet and the mountains beyond.  This tastefully renovated 2 bedroom, 2 baths plus den is loaded with modern features: Cozy hardwood floor thru-out, open-plan.

701 interior701-2201 Pine, ext.

Above: Living room, building exterior. Below: View from suite.

701 view

by Maggie Chandler Maggie Chandler No Comments

Just Sold – 202 2238 W 2nd Avenue

202 2238 W 2nd Ave.
I just sold a 2 bedroom condo in the Sandpebble, which is one of Kits special buildings! Only 6 units! Beautifully updated, freshly painted, with new carpets. 2 bedrooms/2 bathrooms, gourmet kitchen with eating area, gas fireplace, large balcony. Plus the home has a 10 year warranty.

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Contact Maggie Chandler today to find your Vancouver dream home