Location! Location! Location! Beautiful 5,600 sq. ft. 6 BR home in the prestigious Sunnymede area ready for your renovation ideas. Built under old bylaws which allowed a 65% FSR make the floor plan unique & spacious. The home features a grand cathedral entryway, skylights, 9 ft high ceilings, family room, a great room perfect for ballroom dancing as well as a 2nd floor recroom & study area, balconies, deck & lots of natural light. A resort-like backyard has a heated pool hot tub and sauna making this home a joy to live in all year round. Highly ranked Ferris Elementary & Richmond Secondary School catchment.

 

For more information, please contact 

Thomas Lee:  thomas@thomaslee.com

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Canada CrowdThe latest Canadian Census of 2011 has just been released. In the Province of British Columbia we saw an increase of almost 300,000 people over the last 5 years. This amounts to about 60,000 new residents each year and our province now boasts 4.4 million residents. It is worthy to note that the Greater Vancouver area captured two-thirds of the growth, or 200,000 residents. Such continued growth is expected at least for the next 25 years.
 
What does that mean to the province? There will be a need for more services, infrastructure, and housing. People need a place to live, whether they buy or rent. We have seen and heard of many stories about “housing bubbles” around the world. I would suggest that supply and demand will dictate the market. While British Columbia is not immune from the global economy, the population growth should keep us in good health. While there are cycles in every market, investing in your home is a sound advice. How many prominent people do you know where their long term wealth was not built on real estate?
 
--Arthur Ng
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Vancouver WeatherIf you live in the Greater Vancouver area, we get spoiled with our weather. We are lucky that we have very moderate climate conditions. Our spring and summers are warm while our fall and winter months are mild. Rarely do we experience extreme weather conditions. This allows for water sports and, at the same time, snow related activities on our mountains. We do get our share of rain (a.k.a. liquid sunshine) throughout the year with the usual complaints; however, we really love the sun when it does appear. Our city is surrounded by majestic mountains to the North, breathtaking seascapes to the south, while the rainfall allows for lush green lawns and fresh water all year round. This would explain why so many out of town visitors arrive they end up wanting to live here. And they buy our real estate. Combine this with our stable political and economic environment, you can imagine why the international community looks at us as their desired destination.

 

--Arthur Ng
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Downtown Location“I’d like to buy a newer home with a decent sized yard on a quiet, tree lined street in a nice neighbourhood, centrally located.” This may sound reasonable until you factor in the price of real estate and the proximity to the city when you are in Greater Vancouver. How much you say? With the typical sale price of a single family home in the region just over CDN $1 Million, it’s just not that easy. On the west side, prices are over $2 Million. If you want a more reasonable price about 1.5 hours commute away in Maple Ridge, the price drops to about $500,000. Buyers have come to realize that living close to the city means making compromises between accommodation and commute time. Buying a condo or townhouse with smaller space but closer in allows more time for self and family. This trade-off may reduce the stress of long commutes and traffic jams. Imagine up to 3 hours per day commuting to and from work, and then driving the kids to their activities! Perhaps this partly explains why more than 60% of our sales are condominiums. This is something to think about as a home buyer. How far do you want to be?

 

--Arthur Ng
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Ideal Condo LocationEveryone asks about where is the best place to buy a condo in Vancouver.  In the West End? Maybe Fairview Slopes? Perhaps by Coal Harbour? I’m referring to the location within the building itself which many don’t think much about. North facing units are cooler but get less natural light. South-west facing units, especially for high rises, are very bright but also get the most heat and sun. Corner units have great exposure and more air flow when windows are open. Ground floor units tend to have bigger patios and perfect for pets where allowed while others worry about security. Higher floors have better views but more steps to take should the elevators need servicing. A unit by an elevator is convenient but also has more noise and traffic. These and much more are considerations that our salespeople can bring to your attention. Wouldn’t you want to know before you move in instead of finding out afterwards? It really is about your preferences.
 
 
--Arthur Ng

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