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A modern 1 bedroom condo that is spacious, bright and located at one of the fastest growing communities in Vancouver. This suite comes with stainless steel appliances, polished stone counters and overheight ceilings with windows that feature a fantastic view of the city and of the North Shore mountains.

 

The building called "District" features beautiful rooftop amenities and is conveniently located near stores, reaturant and cafes, as well as transit via Skytrain and Canada Line.


Perfect for first time buyers and investors!

 

Please contact Kim Cheng for more information.

 

 

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Are you considering moving to a peaceful and family friendly location?


Sapperton, New Westminster, BC offers a family-friendly array of parks, trails, historic grounds, and schools within it's area. The Royal Columbian Hospital, the Sapperton Skytrain station and a Brewery district is also located in its vicinity.

 

Watch this video to know more about Sapperton community and what it has to offer for residents like yourself.

 

 

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Halloween PumpkinWith the end of October comes with it Hallowe’en and the memories of the great Dot Com crash that occurred many years ago which we are still recovering. We have seen a lull in our local real estate market for the last number of months. Are we going to experience what the reporters have been waiting for decades to report of a real estate crash? Ask any economist and 50% of them will be correct and become gurus should the event happen. I have no crystal ball. The Buyers tend to hold off writing offers when they hear the news; meanwhile the Sellers don’t put on their properties because they cannot get their pricing. Yet when the market jumps, Buyers scramble to outbid each other to buy anything without much thought. Investors stock up on pre-sales like there is no tomorrow. Home Sellers get excited because they can get almost any price but are also worried that they cannot find their next home. While everyone’s circumstances are different, I’d rather be taking my time to buy or sell in a normal or Buyers market. I think that a hot market is when it’s scary. Happy Hallowe’en!
  
--Arthur Ng
Managing Broker
  
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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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Stockbrokers tell consumers to “buy low, sell high”. Can this be applied to Real Estate? While a great concept, it really doesn’t work for most homeowners and end users. I would argue that many people buy and sell real estate not because of the market but rather because of their personal or family circumstance. The individual who has been relocated sells and moves while the new immigrant needs a place to call home, whether they buy or rent. A couple, either expecting their second child will be looking for a larger place to live or downsizing because the children have all moved out.  A family with a daughter starting university may move into town from Maple Ridge because of the commute. A family looking for a specific neighbourhood to raise their children does not wait for the market to act; rather they buy when the home becomes available. An investor generally buys when the return is sound and makes financial sense regardless of an up or down market. Everyone would love to buy real estate at the bottom of the market and to sell at the top; unfortunately this is not realistic for most homeowners. I believe, first and foremost, that a home is a safe place to raise the family, that meets your needs, and to be enjoyed over time. The market should not dictate when you buy or sell; it’s when the time is right for you.
 
 
--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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Coldwell Banker recently released their latest survey on what men and women want in real estate. Interesting enough, the results are not what you may think. Here are highlights of the findings: Both men and women place greater emphasis on their feelings about a home more than on layout, square footage, or price. And more than 60% also know within their first visit to the home is right for them. To read the complete report, please go to: [Men/Women Survey]
 
--Arthur Ng
 
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Cash bonus for 1st time buyersThe BC government announced, on Feb 21, 2012, a one time cash bonus that can be received by 1st time Buyers on new home purchases (with qualification criteria to a maximum of $10,000).  While this bonus is still subject to be legislated, this is a huge benefit to those getting into our expensive marketplace. With some banks offering 5 year closed mortgages at 2.99%, the Property Transfer Tax Exemption for qualified first time Buyers in place, and some developers absorbing the net HST, this is a huge windfall to jump into home ownership. With the details yet to be released, there is mention of a time deadline for eligible purchases that must complete by March 31, 2013. For example, on a new apartment priced at $300,000, the savings could be as much as $35,000 (7% HST absorbed by developer; PTT exemption; $10,000 bonus). If you are still renting, you might want to talk to your mortgage broker and real estate agent to see how you can benefit. Time is ticking…
 
-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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Own a Home in Your LifetimeWith the price of real estate continuing to rise year over year more than the rate of inflation, will you ever be able to get into the market? Over the last 20+ years, we have gone through several cycles with peaks and troughs. Each correction was followed by an increase which exceeded the previous high. First time buyers need to understand that the first purchase will not be the dream home. Remember when you bought your first car in high school? Expectations need to be realistic and sacrifices need to be made. Saving for the down payment may mean foregoing the daily mocha or lunches out. It may mean getting a used vehicle instead of financing or leasing a new sports car that depreciates and is not tax deductible. It may mean not replacing your smart phone every time the latest model is released. It’s a matter of controlling or determining the spending as necessary or not really required. We have helped many buyers get their financial affairs together to buy their first home and they have never looked back. They also thought that they could never afford it. It is never too late if you plan ahead. If you are tired of renting and would like a place to call home, you need to act on it today.

 
 
--Arthur Ng
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As per my previous blogs and what I have been advising our clients, the local real estate market is unique. The economic and political stability, quality of life, the natural beauty and the sound social and education system is desirable world-wide. This is confirmed by the latest 2011 census report from Statistics Canada shows that our population is growing faster than any G8 nation, fuelled primarily by immigration and the bulk landing in Western Canada. For Metro Vancouver with its’ limited land base, it just means that prices can only head one way overall. This explains why Surrey and Port Moody is experiencing 19.9% and 18.6% growth respectively when compared to 2006. More than 200,000 new residents came to Metro Vancouver since 2006. This and more is expected to continue for the next 20+ years by 1.6 million. Vancouver has been quoted for many years as one of the best places to live in the world by many sources including the Economist, the Conde Nast, Mercer, and others. If you are in the market to buy your first home, I would suggest that you act sooner than later.
 
 
--Arthur Ng
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HBTCDid you know that you could be saving up to $750 in income tax if you recently bought your first home? Many have forgotten about the Federal program that was introduced under Canada’s Economic Action Plan Budget 2009. The Home Buyers’ Tax Credit (HBTC) is a non-refundable tax credit based on the amount of $5,000 that you claim in your personal income tax return on line 369. You would claim this amount in the year you completed on your home. So if you bought your first home last year, you could have up to a $750 surprise bonus this April! For more details about this program, please click here:  HBTC
 
--Arthur Ng
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Expensive Real Estate Market

Many reports suggest that we have the most expensive real estate in the world. How then do the residents cope? The studies generally compare the ratios of average or median family income with the ability to finance a detached home. With the average price over CDN $1 million, many cannot afford to buy a house, but they do have other options.

 

Family dynamics have changed over the last 20 years. Couples are getting married later in life, having less children, and needing less space. While a detached house may be desirable, a townhouse or an apartment may be more practical where prices are less and the upkeep of the exterior and common areas is maintained by monthly fees. In fact, according to the REBGV MLS® statistics, more than 50% of all sales are from town homes and apartment units.

 

Many Buyers are also having family help with the down payments and as guarantors for the mortgage, or finding homes with rental suites to offset some of the monthly debt. Those who already have bought can make the easier transition to move up with equity built up over the years and whose values also appreciated. First time buyers have more realistic expectations on what they can buy for their money. Buyers can sacrifice land and opt for less living space for proximity to the city or move to the suburbs and accept the commute.

 

The reality is that we are live in a beautiful place and everyone wants to be here. BC Stats projects in their PEOPLE 36 report that our province will gain another 1.6 million people in 25 years, by 2036. Real estate here is not going to get any more affordable.



--Arthur Ng

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Consult with a Coldwell Banker Agent today“I’m going to wait until prices drop.”
“I want to save enough for a large down payment.”
“The prices are too high.”
“A better house might come up.”
“My friends/media told me not to buy.”
 
We hear these comments on a regular basis. I will say that the right time to buy is when the conditions work for you regardless of the market. If you can afford the mortgage and the property is in the right location and meets most of your needs, why wait? What happens if the prices don’t come down? If the prices do come down, would you and the others sitting on fence jump in at the same time to compete for the same property? When you find the near perfect house but wait to see if another better one comes up and doesn’t, and meanwhile the house that you liked has sold, what do you do then? A home is where you live. And we happen to live in the Lower Mainland where the population continues to grow from international immigration and the rest of Canada at a record pace. Prices are based on supply and demand. Have you wished that you had bought earlier but didn’t because you thought prices were going to fall? Ask some of your friends that did. I am not suggesting that you jump in blindly. Consult with one of our experienced agents and they can guide you in the right direction.
 
 
-- Arthur Ng
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.