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Month: December 2014

by Maggie Chandler Maggie Chandler No Comments

Why Should Vancouer Home Buyers Get a Pre-Approved Mortgage?

4647415-money-pile-100-dollar-billsWhy Should Vancouer Home Buyers Get a Pre-Approved Mortgage? Because once you are qualified for a mortgage, you have the peace of mind of knowing that your financing has been arranged . This way you won’t be disappointed and run the risk of not getting your dream home

In fact, getting pre-approved for a mortgage should be the first step in your Vancouver home buying process.  Then you will know exactly how much money you can spend on a property and sellers will take you  seriously. Generally, sellers will not accept an offer unless the buyer is pre-approved. Read more

by Maggie Chandler Maggie Chandler No Comments

SOLD! 1965 Alberni in Vancouver’s West End

V1088064_501_94SOLD! 1965 Alberni in Vancouver’s West End.

Congrats to my client Annette from Hong Kong who just purchased a townhome steps to Stanley Park. This property is truly a rare find, as there are few townhomes in the West End, never mind an 1800sf one that is less than 10 years old and situated on the doorstep to Stanley Park. My clients were looking for a vacation home away from the buzz of the City. The townhome boasts a large rooftop deck as well and a patio off the kitchen and living room and your own private garage which includes a huge storage area.

Thank you Annette, you were an absolute pleasure to work with.

Looking for a West End townhome? Put my hyper-local experience to work for you! Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Mortgage Tips – CMHC to Hike User Fees

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  • Vancouver Mortgage Tips – CMHC to Hike User Fees effective April 1, 2015
  • Canada Mortgage and Housing Corp. is tripling the fee it charges some financial institutions to guarantee loans in the mortgage-backed securities market, a move that could end up costing consumers more
  • the changes will end up costing new home buyers and estimates it will mean about $600 on a typical first-time buyers’ mortgage of $250,000
  • The Crown corporation told issuers this month it will dramatically raise those rates
  • On mortgages with maturity in the five-year range, the fee will jump from the current .20% of the value of a mortgage to .60% for annual guarantees that exceed $6 billion from a financial institution. The fee only increases to .30% for annual guarantees below $6 billion — a move that might benefit some smaller lenders
  • Home buyers are required to get mortgage insurance if they have less than 20% down
  • the Federal Government is scaling back its exposure

The above may result in a busier than usual Spring market for Vancouver.

What are Current Interest Rates for Vancouver Home Buyers?

  • 6 months 3.95%
  • 1 year 2.89%
  • 2 years 2.59%
  • 3 years 2.79%
  • 4 years 2.77%
  • 5 years 2.94%
  • 7 years 3.79%
  • 10 years 4.39%

This is probably a good time to lock in long term for 7 or 10 years if you plan to live in your home for a longer period of time.

My Areas of Expertise:

  • Second Home Real Estate Designation
  • Seniors Real Estate Specialist Designation
  • Buying or Selling Tenant Occupied Properties
  • Sellers Downsizing and Trading Up
  • New Home Buyers
  • First time buyers

 Why Hire Maggie Chandler as your Vancouver Realtor?

  • I am a full-time Professional and offer a high calibre service
  • You can count on my decades of hyper-local knowledge and expertise
  • I’ve marketed and sold over 1,000 properties in Vancouver
  • I understand the real estate in Vancouver’s waterfront neighbourhoods, its history and its evolution
  • I know Vancouver Penthouses, waterfront condos, townhomes, heritage condos, lofts and luxury real estate
  • Contact me to learn more about Vancouver’s waterfront neighbourhoods
  • Let me help you find the right home or investment property!
  • Author Maggie Chandler 1648 W. 6th Ave., Vancouver, BC V6J 1R3

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by Maggie Chandler Maggie Chandler No Comments

East Vancouver Real Estate Sales Flat, Listings Down, Prices Up

imagesCABLVQXNEast Vancouver Real Estate Sales Flat, Listings Down, Prices Up. Average sales price for East Vancouver real estate peaked in September at $788,000 and slipped to $697,000 in November, up 3% for the year. Houses increased 3.3%, townhomes dropped 1.1% and condos were down 3.1%. The average sales price is the same it was in May 2011 but houses continue to steadily trend upwards. Houses broke the $1M mark in Dec’13 and have remained above that figure this year.

Average days on market was 37, down 24% from a year ago.

East Van House and townhome  sales were up 3% and condos down 2.5%, averaging 0.7% increase. Sales to active ratio was up % year over year, now at a healthy 26.

New listings for East Vancouver properties was down 6% from a year ago and total listings sat at 1,000 – down 15% from a year ago and peaking in May with 1,254 listings.

Home sellers moved an average of 2% off list price and dollar volume is up 7% from a year ago. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver West Condo Sales Trump Houses and Townhomes in 2014

V1039098_101_12Vancouver West Condo Sales trumped Houses and Townhomes in 2014, up 13% over the last year, compared to a 17% drop for both homes and townhomes.

But townhouse average sale price triumphed with a 22% increase, versus 7% for condos and 18% for homes. Average sale price for a Vancouver West Side home is now $2,900,000 versus $1,010,000 for  townhomes and $647,000 for condos. Average days on the market in November was 47 – down 6.9% from a year ago.

Vancouver West Side listings were down 12% from a year ago and new listings dropped 11.6% from a year ago. New listings were down 11.6% from a year ago, down in all categories. Condo listings decreased the most with a 11.6% decrease. After the 2010 Olympics the condo inventory was above 2,600, it now sits at 1,500 and was highest in May at 2,000. Read more

by Maggie Chandler Maggie Chandler No Comments

Greater Vancouver Real Estate Prices and Sales Up from a Year Ago

Greater Vancouver Real Estate Prices and Sales Up from a Year Ago. A year ago the median sales price was $539,000 and it now sits at $549,000, down a bit from $581,000 in May – normal for prices to peak in the Spring.

Greater Vancouver property sales clocked in at 2,528 in November, up from 2,329 a year ago. June was the best month for sales at 3,414 and January was the slowest at 1,562.

Sales to active ratio for Greater Vancouver home sales sits at 19.6% – up 26% from a year ago and dollar volume is up 12% from this time last year. Real estate sales are now back to 2011 levels.

Median  days on market is 32% lower than a year ago, now an average of 32 days. On average Greater Vancouver property Sellers moved  4% off list price.

Greater Vancouver new listings were highest in April and May and lowest in November.

Which is the Best Month for Highest Number of Listings?

May which had 17,000 properties listed, compared to November which had  12,900. Total listings are lower than they were in 2012-13.

My Areas of Expertise:

  • Second Home Real Estate Designation
  • Seniors Real Estate Specialist Designation
  • Buying or Selling Tenant Occupied Properties
  • Sellers Downsizing and Trading Up
  • New Home Buyers
  • First time buyers

 Why Hire Maggie Chandler as your Vancouver Realtor?

  • I am a full-time Professional and offer a high calibre service
  • You can count on my decades of hyper-local knowledge and expertise
  • I’ve marketed and sold over 1,000 properties in Vancouver
  • I understand the real estate in Vancouver’s waterfront neighbourhoods, its history and its evolution
  • I know Vancouver Penthouses, waterfront condos, townhomes, heritage condos, lofts and luxury real estate
  • Contact me to learn more about Vancouver’s waterfront neighbourhoods
  • Let me help you find the right home or investment property!
  • Author Maggie Chandler 1648 W. 6th Ave., Vancouver, BC V6J 1R3

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Contact Maggie Chandler today to find your Vancouver dream home