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Month: February 2015

by Maggie Chandler Maggie Chandler No Comments

Has Vancouver’s Condo Penthouse Market Hit the Beach?

imagesCAFCOFQEHas Vancouver’scondo Penthouse market hit the beach? Currently there are six luxury penthouse condos listed over $3M and five sales over the last year.

The Vancouver luxury condo sales ranged from $3.5M to $16.6M for 2800sf to 8000sf, The majority are in Coal Harbour and the more expensive ones have five parking stalls and huge outdoor patios, not to forget the jaw dropping ocean and mountain views.

Which Is the Most Expensive Vancouver Penthouse Sale in 2014?

Three Harbour Green at 277 Thurlow, on Coal Harbour’s waterfront, had the most expensive sale. The Penthouse sold for $16.6M and is 8,000sf and was the second most expensive Vancouver penthouse to ever sell. Read more

by Maggie Chandler Maggie Chandler No Comments

Deal of the Month is 1009-777 Richards St., Vancouver, BC

V1087703_401_94Deal of the month is 1009-777 Richards, Vancouver, BC, V6C 1C7

Built by Westbank, The Telus Building is scheduled for completion in summer 2015 and will be 52 storeys. This two bedroom and flex Downtown Vancouver condo includes three balconies and comes with one parking spot.

Telus Building will be spectacular, Vancouver’s Downtown is almost built out and prices in 2014 were up.

The maintenance fee includes Telus optic TV, internet, phone,  heat, hot water and 24 hour concierge.

The building’s amenities feature a heated outdoor pool, yoga centre and a fitness centre and a Glowbal restaurant on the ground floor. Your pets will enjoy the Dogpark and rentals are permitted. Read more

by Maggie Chandler Maggie Chandler No Comments

Drop By for a Sneak Peak at 201-1450 Laburnum on Kits Point

wf2Drop By for a Sneak Peak at 201-1450 Laburnum on Kits Point. Just Listed!

Be the first to view this one bedroom condo in Kitsilano’s most sought after location – KKKKKKKKits Point ! Buyers wait years to find a Kits Point condo. Rental friendly building and one pet welcomed. Maintenance fee includes hot water heat, parking and locker. Truly a rare find. Featuring a large balcony overlooking huge magnolias. Building has been well maintained.

You’ll love being steps to Kits Beach, the pool, tennis courts, seawall and Kits coolest bars and restaurants, gyms, yoga workouts and miles of waterfront seawall for joggers. Read more

by Maggie Chandler Maggie Chandler No Comments

You’ll Love Elan! Just Listed 705-1255 Seymour in Vancouver’s Downtown

705  1255 Seymour Street-small-001-front of building-666x444-72dpiYou’ll Love Elan! Just Listed 705-1255 Seymour in Vancouver’s Downtown. Elan boats a 99 walkscore! Everything is at your doorstep – 3 blocks to the waterfront, Vancity Cinema, Choices, lots of coffee shops and you are only a couple of blocks from Yaletown’s Mainland Street with lots of choice restaurants and bars.

What Amenities Does Elan Offer?

A gym,steam, sauna, meeting room, yoga room, a recreation room with a billiards table, a games room, both a front and back entrance – useful for move-ins and outs and a live in caretaker who keeps the building in top condition. Read more

by Maggie Chandler Maggie Chandler No Comments

Have Chinese Buyers for Vancouver Real Estate Hit the Beach?

may'12 009 (Copy)Have Chinese Buyers for Vancouver Real Estate Hit the Beach? There is a transformative shift in where wealthy Mainland Chinese place their money in BC. Asian investment in our housing industry has resulted in Vancouver being Canada’s most expensive housing market. They are both investors and new immigrants. They love flipping luxury Vancouver houses and condos  and often own many homes. But now they are seeking other opportunities.

Asian Investors Looking for Income Producing Businesses

Chinese property buyers are now looking for hotels and golf courses, mineral water sources and wineries. Hotel sales have quadrupled from 2011 to 2014, according to Reuters. Asian interests in wineries and farms has resulted in a 60% jump in the value of BC wine exports to China , from 2010 to 2013 and its estimated they now own 10% of BC’s licensed wineries and about 90% of wine exports go to China. Read more

by Maggie Chandler Maggie Chandler No Comments

What Will Vancouver Real Estate Look Like in 2040?

1263418-savings-in-your-futureWhat Will Vancouver Real Estate Look Like in 2040? Greater Vancouver’s population is projected to increased by more than 1.2 million people, to 3.4 million by 2040. This will require about 574,000 new housing units. This will be challenging given the city’s lack of land (hemmed in by the mountains, the ocean, the US border and agricultural land reserve).

Bob Ransford, urban design specialist, outlines some future trends. Read more

by Maggie Chandler Maggie Chandler No Comments

What is CMHC’s Vancouver Real Estate Forecast for 2015?

13517115-past-and-future-two-way-street-signWhat is CMHC’s Vancouver real estate forecast for 2015? A lower Canadian dollar will benefit BC exports and this is resulting in a lower unemployment figure, currently 5.9%, together with rock bottom interest rates and a forecast decrease in new construction – houses to drop to 4,250 vs 4,374 last year and condos to drop to 14,450 vs 14,838 last year.

CMHC predict Vancouver resale homes to be 5% lower than last year and the average sale price to rise 0.9% this year and 1.8% next year.

How can i help you find the right luxury condo in Vancouver? Read more

by Maggie Chandler Maggie Chandler No Comments

Canada’s Low Dollar is Attracting International Buyers for Vancouver Real Estate

may'12 019 (Copy)Canada’s low dollar is attracting international buyers for Vancouver real estate who are now able to shop with a 20% discount to the US dollar. I am currently dealing with buyers from the USA, Hong Kong and the UK.

There is an expectation that the Canadian dollar will remain low, but there is the instability factor to deal with. Foreign investors are less concerned about the Canadian economy in some provinces which has been impacted by the falling price of oil .

Our lower dollar will also be beneficial for tourism and BC is one of the most desirable places to visit in Canada. Also, the Canadian second home buyers may invest in Vancouver instead of Palm Springs. Housing demand will rise on two accounts.

The savings in currency exchange will make the expensive Vancouver real estate prices seem more affordable. Offshore immigration is more concerned about moving here than they are about the price of buying a house or condo. As well, there is the low interest rate factor which will increase local demand. Current inventory is now back to 2005 levels.  All of these factors point to pressure on prices.

The BC economy is forecast to expand 2.6% in 2015 and 2.9% next year, our lower valued dollar will grow BC exports.. Also unemployment growth is forecast to grow this year and next. Population is projected to grow by 30,000 households this year, most offshore immigration but last year saw net interprovincial migration to BC, a new trend.

How can I help you find a Vancouver condo for sale that best suits your needs, at the best price? Read more

by Maggie Chandler Maggie Chandler No Comments

Why Maggie Chandler is Your Vancouver Senior Real Estate Specalist

seniors-13972523SRES®

Why Maggie Chandler is Your Vancouver Senior Real Estate Specialist. It is time to sell your home and move to a senior-supportive environment? Or move in with a family member who can help with your needs as you grow older?

Selling a senior’s home is different, but I am a Realtor with a SRES designation who has the knowledge, experience and compassion to deal with Senior issues, suggest housing alternatives, take a no-pressure approach to the transaction, understands the emotional demands a sale can make on a senior, tailors my marketing of your home to the needs of an older client, can interact easily with all generations and has a wide network of other senior focused professionals who can assist in tax counseling, financial and estate planning and other aspects of the sale and move.

What are the Key Steps in the Process?

  • home options (assisted living, nursing homes, retirement communities)
  • home adaptations (aging in place home modifications)
  • meeting healthcare needs (insurance, caregiver assistance)
  • financial considerations (reverse mortgages, tax issues)
  • legal considerations
  • selling your current home (pricing, staging, showing, packing and moving)

Which Resources are Helpful to Vancouver Seniors?

CARP, Seniors Care BCParc Retirement Living, Seniors Canada There are many types of retirement homes, some are assisted living and some are independent living.

Seniors will also wish to consult a Professional Financial advisor to discuss Financing and what’s important to you, Investing for your retirement plans, Protecting – what insurance is necessary and finally, to have the proper will which will enable you to transfer your assets to your loved ones.

CHIP and Reverse Mortgages

What’s right for you? An expierenced mortgage broker or your Bank can advise you on these two topics.

Contact me if you are a Vancouver Senior, or have a family member who is, and have questions regarding your final move.

SRES®

My Areas of Expertise:

  • Second Home Real Estate Specialist (SRES)
  • Seniors Real Estate Specialist SRES®
  • Buying or Selling Tenant Occupied Properties (STOP)
  • Sellers Downsizing and Trading Up
  • New Home Buyers
  • First Time buyers
  • Visit my website for more info on Vancouver’s waterfront condo neighbourhoods

 Why Hire Maggie Chandler as your Vancouver Realtor?

  • I am a full-time Professional and offer high calibre service on your time frame
  • I offer more than 30 years of hyper-local knowledge and expertise
  • I’ve marketed and sold over 1,000 Vancouver properties
  • 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
  • Let me help you find a new luxury condo, a stylish apartment for sale or the right investment
  • Author Maggie Chandler 1648 W. 6th Ave., Vancouver, BC V6J 1R3

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by Maggie Chandler Maggie Chandler No Comments

How Much Have East Vancouver’s Real Estate Prices Appreciated Since 2005?

How Much Have East Vancouver’s Real Estate Prices Appreciated Since 2005 and which property type has appreciated the most? Houses  always deliver the best appreciation, given the land value.

Back in 2005 average sale price for an East Vancouver house sold for $452,000 , a townhome was $339,000 and a condo was $204,000. As of January 2015 and East Van house is now $1,108,000, a townhome is $569,000 and a condo is $365,000

East Vancouver real estate sales are currently at the same level as January 2005, having tanked in 2008, climbed higher in 2009 and then have slowly been decreasing, due to mortgage tightening rules and rising prices.

East Vancouver real estate listings currently sit at 808, equal to January 2006.  Listings peaked in October 2008 (post Wall Street crash) and then in May 2010 (post Olympics) and have been decreasing since then. Sales to active ratio is currently 22%. Average days on the market is 43 and on average sellers only moved 1.5% off list price.

East Vancouver house price affordability will kick in and buyers will head to New Westminster or south of the Fraser River.

My Areas of Expertise:

  • Second Home Real Estate Specialist (SHRES)
  • Seniors Real Estate Specialist SRES®
  • Buying or Selling Tenant Occupied Properties (STOP)
  • Sellers Downsizing and Trading Up
  • New Home Buyers
  • First Time buyers
  • Visit my website for more info on Vancouver’s waterfront condo neighbourhoods

 Why Hire Maggie Chandler as your Vancouver Realtor?

  • I am a full-time Professional and offer high calibre service on your time frame
  • I offer more than 30 years of hyper-local knowledge and expertise
  • I’ve marketed and sold over 1,000 Vancouver properties
  • 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
  • Let me help you find a new luxury condo, a stylish apartment for sale or the right investment
  • Author Maggie Chandler 1648 W. 6th Ave., Vancouver, BC V6J 1R3

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by Maggie Chandler Maggie Chandler No Comments

What Were Vancouver Real Estate Prices in 2005?

What Were Vancouver Real Estate Prices in 2005? Hands up those who remember our city and its property market back then! Do you remember when Gordon Campbell got elected as BC’s Premier in Spring 2001 (beating out the NDP) and reduced the corporate taxes to attract companies back to the province, as well as wealthy entrepeneurs? I do! There was an instant change in Vanocuver’s real estate market and a positive difference in the quality of Vancouver real estate buyers.

Here’s what Vancouver’s west side property prices were back then – this is a live graph.

West side houses average selling price was $938,000, townhomes were $439,000 and condos were $338,000.

Ten years later Vancouver houses are now $2,760,000, townhomes are $923,000 and condos are $732,000. Houses have outperformed because of the rich Mainland Chinese immigrants, but is this coming to a close?

Vancouver  house prices only climbed 1.5% last year, but townhomes went up 8% and condos a whopping 16%.

Vancouver real estate sales in January, compared to Jan’14,  saw townhomes perform the best , up 50%. Condos dropped 4% and houses were down 9%.

Vancouver real estate listings in January 2015, compared to a year ago, saw house inventory down 22%, townhomes down 13% and condos down 20%.

On average sellers moved less than 3% off list price and average days on the market were 54 in January.

My Areas of Expertise:

  • Second Home Real Estate Specialist (SHRES)
  • Seniors Real Estate Specialist SRES®
  • Buying or Selling Tenant Occupied Properties (STOP)
  • Sellers Downsizing and Trading Up
  • New Home Buyers
  • First Time buyers
  • Visit my website for more info on Vancouver’s waterfront condo neighbourhoods

 Why Hire Maggie Chandler as your Vancouver Realtor?

  • I am a full-time Professional and offer high calibre service on your time frame
  • I offer more than 30 years of hyper-local knowledge and expertise
  • I’ve marketed and sold over 1,000 Vancouver properties
  • 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
  • Let me help you find a new luxury condo, a stylish apartment for sale or the right investment
  • Author Maggie Chandler 1648 W. 6th Ave., Vancouver, BC V6J 1R3

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by Maggie Chandler Maggie Chandler No Comments

Why Are Greater Vancouver Condo Prices Performing the Best?

unseenthings080900008Why Are Greater Vancouver Condo Prices Performing the Best? Is it because houses have become too expensive, with an average sale price of $1.300.000 vs $471,000 for a Greater Vancouver condo or $544,000 for a townhome.

How Did 2014 Greater Vancouver Real Estate Sales Perform?

January’s Greater Vancouver sales were 14.9% above the 10-year average for the month and 8.7% higher than a year ago, but were 9.5% lower than December 2014 which is unusual. Read more

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Contact Maggie Chandler today to find your Vancouver dream home