Greater Vancouver Real Estate Blog

This Blog Has Moved

2011-04-15T15:16:00.000-07:00

Please visit the Reimers Real Estate Services Facebook page for my latest blog.
http://www.facebook.com/reimersrealty
Thank you!
David Reimers

NEW LISTING - 3 BEDROOM TOWNHOME AT PARC LAURENT

2010-09-13T16:19:00.000-07:00

ADDRESS: 109W - 3061 Glen Drive, Coquitlam

ASKING PRICE: $321,500

Welcome to Parc Laurent! This wonderful south-west facing end unit - 2 level, 3 bedroom, 2.5 bathroom townhome - is centrally located near all the amenities Coquitlam has to offer. A few features include open concept kitchen/dining/living room, cozy gas fireplace, HW laminate floors, insuite laundry, 2 parking stalls, storage locker, fenced front garden and private rear patio for summer BBQ'ing. The upper level features 3 bedrooms including a spacious master bedroom with private balcony and 3pc ensuite bathroom. Walking distance to Coquitlam Centre shopping, restaurants, transit, parks and schools - Glen Elementary and Pinetree Secondary. A perfect home for a young family!

FOR MORE INFORMATION PLEASE CONTACT DAVID REIMERS (VANCOUVER REALTOR$reg;) AT 604.939.6666 OR VISIT HomeCoquitlam.com

TOP 21 GRANTS AND REBATES FOR PROPERTY BUYERS AND OWNERS

2010-09-09T14:44:00.000-07:00

1. Home Buyers' Plan
Qualifying home buyers can withdraw up to $25,000 (couples can withdraw up to $50,000) from their RRSPs for a down payment. Home buyers who have repaid their RRSP may be eligible to use the program a second time.

Canada Revenue Agency: http://www.cra-arc.gc.ca/
1-800-959-8287
Enter ‘Home Buyers’ Plan’ in the search box.

2. GST Rebate on New Homes
New home buyers can apply for a rebate of the federal portion of the HST (the 5% GST) if the purchase price is less than $350,000. The rebate is up to 36% of the GST to a maximum rebate of $6,300. There is a proportional GST rebate for new homes costing between $350,000 and $450,000.

Canada Revenue Agency: http://www.cra-arc.gc.ca/
1-800-959-8287
Enter ‘RC4028’ in the search box.

3. BC New Housing Rebate (HST)
Buyers of new or substantially renovated homes priced up to $525,000 are eligible for a rebate of 71.43% of the provincial portion (7% of the 12% HST) paid to a maximum rebate of $26,250. Homes priced at $525,000+ are eligible for a flat rebate of $26,250.

hst.blog.gov.bc.ca/faqs/new-housing-rebate
1-800-959-8287

4. BC New Rental Housing Rebate (HST)
Landlords buying new or substantially renovated homes are eligible for a rebate of 71.43% of the provincial portion of the HST, up to $26,250 per unit.

hst.blog.gov.bc.ca/faqs/new-housing-rebate
1-800-959-8287

5. Property Transfer Tax (PTT) First Time Home Buyers’ Program
Qualifying first-time buyers may be exempt from paying the PTT of 1% on the first $200,000 and 2% on the remainder of the purchase price of a home priced up to $425,000. There is a proportional exemption for homes priced up to $450,000.

BC Ministry of Small Business and Revenue: http://www.blogger.com/www.rev.gov.bc.ca/rpt
1-250-387-0604

6. First Time Home Buyers Tax Credit (HBTC)
This is a non-refundable income tax credit for qualifying buyers of detached, attached, apartment condominiums, mobile homes or shares in a co-operative housing corporation. It’s calculated by multiplying the lowest personal income tax rate for the year (15% in 2009) by $5,000. For 2009 the maximum credit was $750.

Canada Revenue Agency: http://www.blogger.com/www.cra-arc.gc.ca/hbtc
1-800-959-8281

7. BC Home Owner Grant
Reduces school property taxes by up to $570 on properties with an assessed value up to $1,050,000. For 2010, the basic grant is reduced by $5 for every $1,000 over $1,050,000, and eliminated on homes assessed at $1,164,000+. An additional grant reduces property tax by a further $275 for a total of $845 for seniors, veterans and the disabled. This is reduced by $5 for every $1,000 over $1,050,000 and eliminated for homes assessed at $1,219,000+.

BC Ministry of Small Business and Revenue: http://www.blogger.com/www.rev.gov.bc.ca/hog or contact your municipal tax office.

8. BC Property Tax Deferment Programs
Property Tax Deferment Program for Seniors: Qualifying home owners aged 55+ may be eligible to defer property taxes.
Financial Hardship Property Tax Deferment Program: Qualifying low-income home owners may be eligible to defer property taxes.
Property Tax Deferment Program for Families with Children: Qualifying low income home owners who financially support children under age 18 may be eligible to defer property taxes.

BC Ministry of Small Business and Revenue: http://www.blogger.com/www.sbr.gov.bc.ca
and enter ‘Property tax deferment’ in the search box, or contact your municipal tax office.

9. Canada Mortgage and Housing (CMHC) Residential Rehabilitation Assistance Program (RRAP) Grants
This federal program provides financial aid to qualifying low-income home owners to repair substandard housing. Eligible repairs include heating, structural, electrical, plumbing and fire safety. Grants are available for seniors, persons with disabilities, owners of rental properties and for the creation of secondary and garden suites.

www.cmhc-schl.gc.ca/en/co/prfinas/prfinas_001.cfm
1-800-668-2642 604-873-7408

10. CMHC Mortgage Loan Insurance Premium Refund
Provides home buyers with CMHC mortgage insurance, a 10% premium refund and possible extended amortization without surcharge when buyers purchase an energy efficient home or make energy savings renovations.

www.cmhc-schl.gc.ca/en/co/moloin/moloin_008.cfm
604-731-5733

11. LiveSmart BC: Efficiency Incentive Program
Home owners improving the energy efficiency of their homes who hire a certified energy advisor may qualify for cash incentives through this provincial program provided in partnership with Terasen Gas, BC Hydro and FortisBC.

www.livesmartbc.ca/rebates
1-866-430-8765

12. BC Residential Energy Credit
Home owners and residential landlords buying heating fuel receive a BC Government point-of-sale rebate on utility bills equal to the provincial component of the HST.

hst.blog.gov.bc.ca/faqs/energy-credit
604-660-4524

13. BC Hydro Appliance Rebates
Mail-in rebates of $25 - $50 for purchasers of ENERGY STAR clothes washers, refrigerators, dishwashers or freezers between June 1, 2010 and March 31, 2011, or when funding for the program is exhausted.

www.bchydro.com/rebates_savings/appliance_rebates.html
1-800-224-9376

14. BC Hydro Fridge Buy-Back Program (different from Appliance Rebates)
This ongoing program rebates BC Hydro customers $30 to turn in spare fridges measuring 10 – 24 cubic feet in working condition.

www.bchydro.com/rebates_savings/fridge_buy_back.html
604-881-4357

15. BC Hydro Windows Rebate Program
Customers can save $100 per window on BC made ENERGY STAR windows until August 18, 2010.

www.bchydro.com/rebates_savings/current_offers.html

16. BC Hydro Mail-In Rebates/Savings Coupons
To save energy, BC Hydro offers rebates including 10% off an ENERGY STAR cordless phone; 50% off an E2™ dual-flush toilet; $15 off a clothes drying rack; and 50% off Earth Massage showerheads. Check for deadlines.

www.bchydro.com/rebates_savings/coupons.html
1-800-224-9376

17. Terasen Gas Rebate Program
A range of rebates for home owners include $25 gift cards for furnace servicing; $50 rebate for upgrading a water heater; $150 rebate on an EnerChoice fireplace; $1,000 rebate for switching to natural gas and installing and ENERGY STAR heating system.

www.terasengas.com/Homes/Offers/default.htm
1-888-224-2710

18. SolarBC Incentives
Contractors will provide home owners buying a solar hot water system with a $2,000 discount at the point-of-sale until December 31, 2010.

www.solarbc.ca/learn/incentives-costs
1-866-650-6527

19. City of Vancouver Solar Homes Pilot
Offers $3,500 (about 50% of the cost) towards the cost of a solar hot water system for anyone building new homes in Vancouver. Offered by the City of Vancouver, SolarBC, Terasen Gas and Offsetters to 50 new homes on a first come, first served basis, January 2010 to March 2011, with building permits issued in 2010.

vancouver.ca/sustainability/SolarHomes.htm
604-873-7748

20. RBC Energy-Saver™ Mortgage
Home owners who have a home energy efficient audit within 90 days of receiving an RBC Energy-Saver™ Mortgage may qualify for a $300 rebate credited to their RBC account.

www.rbcroyalbank.com/products/mortgages/energy-saver-mortgage.html
1-800-769-2511

21. Vancity/Real Estate Foundation Green Building Grant
In partnership with the Real Estate Foundation of BC, Vancity provides grants up to $50,000 each to qualifying charities, not-for-profit organizations and co-operatives for building renovations/retrofits, regulatory changes that advance green building development, and education to increase the use of practical green building strategies.

https://www.vancity.com/MyCommunity/NotForProfit/Grants/ActingOnClimateChange/GreenBuildingGrant
604-877-7000

JUST LISTED: Beautiful Morgan Creek Executive Home - $999,800 (F1022837)

2010-09-07T09:38:00.000-07:00

ADDRESS: 15821 36th Avenue, White Rock

Enjoy the pleasure of a Morgan Creek executive lifestyle in this quiet cul-de-sac location, ideal for an extended family or home-based business, with a finished floor area of 4,493 sq ft. Excellent open floor plan with master bedroom on the main level with 5pc ensuite, and 2 bedrooms up, both ensuite. The sheer size of the 1,964 sq ft bright, fully finished walkout basement is a tremendous asset inviting many uses. The basement includes 3 large bedrooms, a huge media/games room with wet bar and a large exercise room. Recent upgrades include new engineered hardwood floors, new carpets, new tile floors, upgraded bathrooms, granite counters throughout and interior painting. The 10,405 sq ft lot is beautifully landscaped with a very private rear yard, including two large patios ideal for family gatherings. Gas is available for the barbecue and you could pick your very own fresh cherries, strawberries, grapes, blueberries and apples. Enjoy the good life! Sharp price for quick sale!

FOR MORE INFORMATION PLEASE CONTACT VANCOUVER REALTOR DAVID REIMERS (ROYAL LEPAGE CORONATION WEST) AT 604.939.6666 OR VISIT WWW.REIMERS.CA

GREATER VANCOUVER REAL ESTATE MARKET REPORT

2010-09-02T12:27:00.000-07:00

Below is the latest new release from the Real Estate Board of Greater Vancouver:

Buyer's market conditions continue in Greater Vancouver

Vancouver, BC - Thursday, September 2, 2010 - Conditions in the Greater Vancouver housing market continued to favour buyers in August. Since April, prices have edged down slightly as the number of sales and the number of properties coming on to the market have been declining.

The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,202 in August 2010. This represents a 36 per cent decline from the 3,441 sales in August 2009, the second highest selling August ever recorded, and a 2.4 per cent decline compared to July 2010.

From a wider perspective, last month's residential sales represent a 40.4 per cent increase over the 1,568 residential sales in August 2008, a 34.9 per cent decline compared to August 2007's 3,384 sales, and a 26.6 per cent decline compared to August 2006's 2,998 sales.

New listings for detached, attached and apartment properties declined 17.5 per cent to 3,750 in August 2010 compared to August 2009 when 4,544 new units were listed. Total active listings in Greater Vancouver currently sit at 15,421, a 6.1 per cent decline from last month and a 29 per cent increase from August 2009.

"We're seeing moderate demand, low interest rates and a healthy but slowing stream of supply in our marketplace, all variables that favour those looking to purchase a home," Jake Moldowan, REBGV president said. "The last few months have also shown some stability when it comes to price fluctuations in the region, which is a welcome trend after reaching record highs in April."

Since spring, housing prices have decreased 2.8 per cent compared to the all-time high reached in April when the residential benchmark price was $593,419. Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 6.9 per cent to $576,597 in August 2010 from $539,600 in August 2009.

"Canada remains an attractive destination for foreign buyers, a fact that continues to affect activity in the Greater Vancouver housing market," Moldowan said.

Sales of detached properties in August 2010 reached 893, a decrease of 34.7 per cent from the 1,367 detached sales recorded in August 2009 and a 66.9 per cent increase from the 535 units sold in August 2008. The benchmark price for detached properties increased 8.5 per cent from August 2009 to $795,076.

Sales of apartment properties reached 935 in August 2010, a decline of 36.1 per cent compared to the 1,464 sales in August 2009 and an increase of 26.4 per cent compared to the 740 sales in August 2008.The benchmark price of an apartment property increased 4.5 per cent from August 2009 to $385,968.

Attached property sales in August 2010 totalled 374, a decline of 38.7 per cent compared to the 610 sales in August 2009 and a 27.6 per cent increase from the 293 attached properties sold in August 2008. The benchmark price of an attached unit increased 6.6 per cent between August 2009 and 2010 to $489,511.

NEW LISTING - DOWNTOWN 1 BEDROOM & DEN APARTMENT WITH OCEAN AND MOUNTAIN VIEWS!

2010-08-10T12:03:00.000-07:00

ADDRESS: 2602 - 1288 West Georgia Street, Vancouver

ASKING PRICE: $470,000

Immaculate apartment at the award winning Residences on Georgia - 688 sq ft, 1 bedroom + den + home office. Bright, inviting floor plan with ocean and North Shore mountain views. Excellent well managed building that allows pets and rentals. Amenities include exercise centre, meeting room and 24-hour concierge plus one secured underground parking stall and storage locker. Prime Downtown location surrounded by world class shopping and restaurants. Coal Harbour, Stanley Park and English Bay are all within walking distance. Furniture package optional!

FOR MORE INFORMATION PLEASE CONTACT DAVID REIMERS (VANCOUVER REALTOR®) AT 604.939.6666 OR VISIT HomeVancouver.com

GREATER VANCOUVER REAL ESTATE MARKET REPORT

2010-08-05T09:08:00.000-07:00

Below is the latest new release from the Real Estate Board of Greater Vancouver:

Homebuyers and sellers less active in July

Vancouver, BC - Wednesday, August 4, 2010 - Home sales activity in Greater Vancouver was quieter last month than most Julys over the past decade, with residential sales, prices, and the number of homes listed for sale trending downward in recent months.

The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,255 in July 2010. This represents a 45.2 per cent decline from the 4,114 sales in July 2009, the highest selling July ever recorded, and a 24.1 per cent decline compared to June 2010.

Looking back further, last month's residential sales represent a 3.7 per cent increase over the 2,174 residential sales in July 2008, a 41.8 per cent decline compared to July 2007's 3,873 sales, and a 17.5 per cent decline compared to July 2006's 2,732 sales.

"With the pace of home sales and listings easing off in our market, we've begun to see a levelling of home prices from the record highs seen in the spring, creating greater affordability," Jake Moldowan, REBGV president said. "Activity in today's marketplace is clearly trending in favour of buyers."

The number of properties listed for sale on the market has been trending downward since spring, with 4,138 new listings in July compared to April's peak of 7,648. New listings for detached, attached and apartment properties in Greater Vancouver on the Multiple Listing Service® (MLS®) declined 17.9 per cent in July 2010 compared to July 2009, when 5,041 properties were listed for sale.

At 16,431, the total number of property listings on the MLS® in July declined 6.5 per cent compared to last month and increased 33 per cent compared to July 2009.

"It's currently taking home sellers who work with a REALTOR®, on average, 45 days to sell their property, which is a historically healthy timeframe for people on both sides of a transaction," Moldowan said.

Since spring, housing prices have decreased 2.8 per cent compared to the all-time high reached in April when the residential benchmark price was $593,419. Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 9.1 per cent to $577,074 in July 2010 from $528,821 in July 2009.

Sales of detached properties in July 2010 reached 908, a decrease of 43.7 per cent from the 1,614 detached sales recorded in July 2009 and a 9.8 per cent increase from the 827 units sold in July 2008. The benchmark price for detached properties increased 11.5 per cent from July 2009 to $793,193.

Sales of apartment properties reached 979 in July 2010, a decline of 42.7 per cent compared to the 1,708 sales in July 2009 and an increase of 1.3 per cent compared to the 966 sales in July 2008. The benchmark price of an apartment property increased 6.2 per cent from July 2009 to $387,879.

Attached property sales in July 2010 totalled 368, a decline of 53.5 per cent compared to the 792 sales in July 2009 and a 3.4 per cent decline from the 381 attached properties sold in July 2008. The benchmark price of an attached unit increased 8.6 per cent between July 2009 and 2010 to $490,995.

NEW LISTING - YALETOWN 2 BEDROOM AND DEN WITH STUNNING WATER VIEWS

2010-07-12T15:51:00.000-07:00

ADDRESS: 1903 - 289 Drake Street, Vancouver

ASKING PRICE: $699,000

Stunning unobstructed water views from every room! This rarely available Yaletown 2 bedroom and den (1219 sqft) is the best floor plan in the building - rainscreened with a 10 yr warranty. A few features of this bright South facing corner suite includes new wood flooring, open concept kitchen with breakfast bar and floor to ceiling windows. If you are downsizing you'll also appreciate the house-sized rooms with very spacious master bedroom with huge walk-in closet and ensuite bathroom. Parkview Towers includes full recreation facilities with indoor pool, sauna and gym. Steps from fantastic downtown shopping and across from David Lam Park and the False Creek waterfront.

FOR MORE INFORMATION PLEASE CONTACT DAVID REIMERS (VANCOUVER REALTOR®) AT 604.939.6666 OR VISIT HomeVancouver.com

HST FOR HOME BUYERS

2010-07-08T10:42:00.000-07:00

UNDERSTANDING THE HST

HST of 12% (5% federal component plus 7% provincial component) will apply to new residential housing and the PST will be eliminated completely.
Before HST, PST had been paid on all materials used in the construction of a home. This PST was embedded in the cost of a new home. It is estimated that this embedded PST added 2% to the cost of a new home.
With HST, builders can now claim a rebate for the provincial portion of the HST purchases, reducing the price of a new home by 2%*.
For new housing purchased as a primary residence, all home buyers who purchase a new home will receive a rebate of 71.43% of the provincial portion of the HST to a maximum of $26,250.

HOME PURCHASES	HST
New homes up to $525,000	HST Less Rebate 1
New homes over $525,000	HST Less Rebate 2
Previously occupied homes	No HST

1. BC will provide a rebate of 71.43% of the provincial portion of the HST to a maximum of $26,250 for new housing purchased as a primary residence.
2. Purchasers of eligible new homes over $525,000 are eligible for a maximum rebate of $26,250.

To calculate your HST rebate:
Home Price x 7% (BC Portion of HST) x 71.43%
e.g. $400,000 x 7% = 28,000 x 71.43% = $20,000 rebate

*there will be transitional rules in effect for partially constructed homes or homes that are the subject of incomplete transactions.

GST REBATES

New home buyers may be eligible for the federal GST new housing rebate, which generally equals 36% of the tax paid on the first $350,000 of the purchase price.
The amount of the GST rebate is phased out on a straight-line basis for homes priced between $350,000 and $450,000.
For a purchase price over $450,000 there is no rebate.

PURCHASE PRICE	GST PAYABLE	REBATE
Up to $350,000	5%	36% of total GST – maximum rebate $6,300
Between $350,000 and $450,000	5%	Max rebate of $6,300 times (450,000 minus purchase price) divided by 100,000 (see example below)
Over $450,000	5%	No rebate

e.g. Purchase price $400,000 – to calculate GST rebate:
6,300 x 50,000 (450,000-400,000) divided by 100,000 = $3,150 rebate

PROPERTY TRANSFER TAX

In British Columbia, you pay property transfer tax each time you register a property at the Land Title Office.
If the market value is $200,000 or less, the tax is 1%. If the market value is greater than $200,000, the tax is 1% of the market value up to $200,000, plus 2% on the portion of the market value that is greater than $200,000.
First Time Homebuyers* are exempt.
*as defined by Government of BC

For the latest information, please visit www.cra-arc.gc.ca

GREATER VANCOUVER REAL ESTATE MARKET REPORT

2010-07-06T13:25:00.000-07:00

Below is the latest new release from the Real Estate Board of Greater Vancouver:

Activity steady to start the summer season

Vancouver, BC - Monday, July 5, 2010 - The Greater Vancouver housing market experienced steady activity to begin the summer season.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 2,972 in June 2010, a decline of 30.2 per cent compared to the 4,259 sales in June 2009, which was the second highest selling June on record.

"Activity in June marked a healthy balance between the near record setting pace of June 2009 and the considerably slower activity witnessed in June 2008, a period of recession as we all know," Jake Moldowan, REBGV president said.

Compared to June 2008, last month's sales represent a 22.6 per cent increase over the 2,425 sales recorded that month, but are 30 per cent less than the 4,244 sales in June 2007. June 2010 sales also represent a 5.8 per cent decline compared to the previous month's sales totals.

"We didn't experience any record-breaking activity in June, but we did see a stable summer market," Moldowan said. "The number of new listings coming on the market is not as dramatic as we saw over the previous three months and demand remains at a healthy level for this traditionally quieter time of year."

New listings for detached, attached and apartment properties totalled 5,544 in June 2010, a 3.2 per cent increase compared to June 2009 when 5,372 new units were listed, and a 21 per cent decline compared to May 2010 when 7,014 properties were added to the MLS®.

At 17,564, the total number of property listings on the MLS® increased 1.2 per cent in June compared to last month, and is up 32 per cent compared to this time last year.

"There has been less upward pressure on prices in our market the last few months, which has allowed prices to ease back from the record high numbers seen in April," Moldowan said.

Over the last 12 months, the overall MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 11.8 per cent to $580,237 from $518,855 in June 2009.

Sales of detached properties in June 2010 reached 1,139, a decrease of 31.7 per cent from the 1,667 detached sales recorded in June 2009 and a 24.1 per cent increase from the 918 units sold in June 2008. The benchmark price for detached properties increased 13.4 per cent from June 2009 to $795,025.

Sales of apartment properties reached 1,258 in June 2010, a decline of 29.7 per cent compared to the 1,790 sales in June 2009 and an increase of 19 per cent compared to the 1,057 sales in June 2008.The benchmark price of an apartment property increased 9.7 per cent from June 2009 to $391,528.

Attached property sales in June 2010 totalled 575, a decline of 28.3 per cent compared to the 802 sales in June 2009 and a 27.8 per cent increase from the 450 attached properties sold in June 2008. The benchmark price of an attached unit increased 11.6 per cent between June 2009 and 2010 to $492,861.

NEW LISTING - DOWNTOWN TWO BEDROOM AND DEN APARTMENT

2010-06-09T12:08:00.001-07:00

ADDRESS: 606-1288 Alberni Street, Vancouver

ASKING PRICE: $499,900

Gorgeous North East facing 2 bedroom and 2 bathroom suite at the highly desirable Palisades designed by world renowned James Cheng Architects. A few features include granite counters, in-suite laundry and bonus storage/den area that could be used as home office. Enjoy the open and vibrant city view day or night. The building offers great amenities with full 24hr concierge service, exercise facility and private conference room. Superb central location in the heart of downtown steps from trendy downtown shopping, restaurants, business area, Seawall, Stanley Park and Coal Harbour. Immaculately kept. Furniture package optional. Unit is in rental pool. 1 parking stall and storage locker included.

FOR MORE INFORMATION PLEASE CONTACT DAVID REIMERS (VANCOUVER REALTOR®) AT 604.939.6666 OR VISIT HomeVancouver.com

NEW LISTING - BRIGHT 2 BEDROOM FAIRVIEW TOWNHOME FOR SALE

2010-06-08T16:10:00.000-07:00

ADDRESS: 6B-766 West 7th Avenue, Vancouver

ASKING PRICE: $699,800

Bright, impressive 2 bed, 3 bath split level townhome has been updated with style! Both bathrooms have undergone a complete face-lift with top of the line fixtures, frameless showers, granite counters, jetted deep soaker tub and Italian tile with radiant under-floor heating. Throughout you'll notice new crown moulding, all new top-down-bottom-up window coverings and sleek halogen pocket lighting. The upper level, open plan living/dining room features hardwood floors, skylights, built in 7 channel surround sound and a cozy fireplace. Off the living room step onto your entertainment size roof deck with city and mountain views. Additional features include S/S appliances, new energy efficient washer/dryer, all new carpet with eco underlay in bedrooms PLUS house-size storage available for those downsizing. Well maintained, award winning Willow Court, designed by James Cheng, is the essence of urban living! Quiet, convenient location steps to the new Canada Line skytrain, Broadway shopping, restaurants, Granville Island, the seawall and so much more! A rare offering.

Open House: June 12th, 2-4pm

FOR MORE INFORMATION PLEASE CONTACT DAVID REIMERS (VANCOUVER REALTOR®) AT 604.939.6666 OR VISIT HomeVancouver.com

GREATER VANCOUVER REAL ESTATE MARKET REPORT

2010-06-04T14:11:00.000-07:00

Below is the latest new release from the Real Estate Board of Greater Vancouver:

May market offers buyers greater selection

Vancouver, B.C. - June 4, 2010 - The number of properties listed for sale in Greater Vancouver continued to rise in May, while the number of sales showed a year-over-year decrease.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,156 in May 2010, a decline of 10.4 per cent compared to the 3,524 sales in May 2009; 5.1 per cent more than the 3,002 sales in May 2008; and 27.1 per cent less than the 4,331 sales in May 2007. May 2010 sales also represent a 10.1 per cent decline compared to last month's sales.

In terms of number of property listings, last month marked the third consecutive month during which more than 7,000 homes were listed for sale on the Multiple Listing Service (MLS®) in Greater Vancouver.

New listings for detached, attached and apartment properties totalled 7,014 in May 2010, a 48.2 per cent increase compared to May 2009 when 4,733 new units were listed, and an 8.3 per cent decline compared to April 2010 when 7,648 properties were added to the MLS®.

At 17,492, the total number of property listings on the MLS® increased 10 per cent in May compared to last month, and is up 28.2 per cent compared to this time last year.

"Prospective home buyers in today's market have a broad selection to choose from in every property type. REALTORS® are telling us they're working with buyers who are not feeling as rushed to make a decision as they did late last year and earlier in the year," Jake Moldowan, REBGV president said.

Over the last 12 months, the overall MLSLink® Housing Price Index (HPI)benchmark price for all residential properties in Greater Vancouver increased 16.7 per cent to $590,662 from $506,201 in May 2009.

"It's important for those looking to buy or sell a home to remember that real estate is local and wise real estate decisions are made by those who understand current market conditions at the neighbourhood level," Moldowan said.

Sales of detached properties in May 2010 reached 1,256, a decrease of 10.4 per cent from the 1,402 detached sales recorded in May 2009 and a 4.4 per cent increase from the 1,203 units sold in May 2008. The benchmark price for detached properties increased 19.1 per cent from Mayn 2009 to $810,175.

Sales of apartment properties reached 1,354 in May 2010, a decline of 7.1 per cent compared to the 1,458 sales in May 2009 and an increase of 8.8 per cent compared to the 1,244 sales in May 2008. The benchmark price of an apartment property increased 13.9 per cent from May 2009 to $398,783.

Attached property sales in May 2010 totalled 546, a decline of 17.8 per cent compared to the 664 sales in May 2009 and a 1.6 per cent decline from the 555 attached properties sold in May 2008. The benchmark price of an attached unit increased 14.8 per cent between May 2009 and 2010 to $500,339.

NEW LISTING - SPACIOUS AND SUNNY ONE BEDROOM SOUTH GRANVILLE APARTMENT

2010-06-01T14:25:00.000-07:00

ADDRESS: 308-1750 West 10th Avenue, Vancouver

ASKING PRICE: $399,800

Beautiful and spacious, this sunny south-facing condo is in a solid, quiet building walking distance to Kitsilano beach, Granville Island, South Granville boutiques, groceries, restaurants, theatres, and more. Quick access to UBC and Downtown, complimented by excellent public transit within a one-block radius, or ride your bike since you’re on a calm East-West bike route. Newly renovated bathroom, plus new baseboards and paint throughout. Handsome birch hardwood floors, large airy bedroom with a big walk-in closet, spacious kitchen with generous cabinet space, in-suite laundry, wood fireplace, large balcony, secure underground parking, and a huge storage locker. Pets allowed!

First Open House: June 5, 1-3pm.

FOR MORE INFORMATION PLEASE CONTACT DAVID REIMERS (VANCOUVER REALTOR®) AT 604.939.6666 OR VISIT HomeVancouver.com

WANTED: Greater Vancouver or Fraser Valley Acreage

2010-05-26T13:59:00.000-07:00

I have a few investors looking to buy acreage in Greater Vancouver or the Fraser Valley with possible future development potential. The perfect property would have the ability to generate some type of income however land only property will also be considered. Please email or call David Reimers if you have something available. Thank you!

NEW LISTING - SPECTACULAR 6 BEDROOM WHITE ROCK EXECUTIVE HOME

2010-05-10T09:15:00.000-07:00

ADDRESS: 15821 36th Avenue, White Rock

ASKING PRICE: $1,038,000

Spectacular Morgan Creek executive property with an excellent floor plan! Two storey plus fully furnished walkout basement home offering 6 bedrooms and 4 bathrooms in a quiet cul-de-sac location. The beautifully landscaped 10,405 square feet fenced, private back yard includes fruit trees and a fire pit. Master suite on main, two bedrooms up and three bedrooms plus a den below. Recent renovations include engineered hardwood floors on the main floor, new carpeting, updated bathrooms, new interior paint, granite countertops and more. This fine property would make an excellent extended family home with in-law potential.

Open House May 16, 1-3pm.

FOR MORE INFORMATION PLEASE CONTACT DAVID REIMERS (VANCOUVER REALTOR®) AT 604.939.6666 OR VISIT Reimers.ca

NEW LISTING - CHIC VANCOUVER 1 BEDROOM APARTMENT

2010-05-07T15:27:00.000-07:00

ADDRESS: 206-2388 Triumph Street, Vancouver

ASKING PRICE: $258,800

Enjoy the east side lifestyle in this chic northeast-facing one bedroom corner unit with new wide plank floors throughout. The well designed floor plan gives a sense of spaciousness and features two large covered balconies – perfect for entertaining and summer barbeques. A few features include a cozy gas fireplace in the living room, a remodelled 4pc bathroom, in-suite laundry, plus one parking and storage locker. Best of all, this well maintained, RAINSCREENED building is superbly located steps to shops, restaurants, transit and parks for Fido! Don’t delay.

First Open House May 15, 1-3pm.

FOR MORE INFORMATION PLEASE CONTACT DAVID REIMERS (VANCOUVER REALTOR®) AT 604.939.6666 OR VISIT HomeVancouver.com

GREATER VANCOUVER REAL ESTATE MARKET REPORT

2010-05-04T15:37:00.001-07:00

Below is the latest new release from the Real Estate Board of Greater Vancouver:

Home buyer and seller activity increases in busy spring market

Vancouver, B.C. - May 4, 2010 - The Greater Vancouver housing market experienced increased activity in April thanks to a steady balance of home buyers and sellers entering the marketplace.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,512 in April 2010, the fifth highest-selling April on record. The figure represents an increase of 18.5 per cent compared to the 2,963 sales in April 2009; 9.1 per cent more than April 2008's 3,218 sales; and 3.7 per cent more than April 2007's 3,387 sales. April 2010 sales also represent a 12 per cent increase compared to last month.

"We're in the midst of another strong spring season thanks to high levels of activity on both the buyer and seller side of our market," Jake Moldowan, REBGV president said. "The number of homes coming on the market has increased significantly in recent months, which is providing a healthy level of choice for those looking to buy during this busy period."

New listings for detached, attached and apartment properties in Greater Vancouver totalled 7,648 in April 2010, a 64.5 per cent increase compared to April 2009 when 4,649 new units were listed, and a 9.2 per cent increase compared to March 2010 when 7,004 properties were added to the Multiple Listing Service® (MLS®).

At 15,901, the total number of property listings on the MLS® increased 17 per cent in April compared to last month, and is up 11 per cent compared to this time last year.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 18.9 per cent to $593,419 from $499,021 in April 2009.

"It was at this time last year when home prices in our region began their recovery from the declines that occurred during the recession period," Moldowan said.

Sales of detached properties in April 2010 reached 1,370, an increase of 15.1 per cent from the 1,190 detached sales recorded in April 2009 and a six per cent increase from the 1,293 units sold in April 2008. The benchmark price for detached properties increased 21.2 per cent from April 2009 to $818,403.

Sales of apartment properties reached 1,526 in April 2010, an increase of 29.4 per cent compared to the 1,179 sales in April 2009 and an increase of 15.9 per cent compared to the 1,317 sales in April 2008.The benchmark price of an apartment property increased 16.9 per cent from April 2009 to $397,779.

Attached property sales in April 2010 totalled 616, an increase of 3.7 per cent compared to the 594 sales in April 2009 and a 1.3 per cent increase from the 608 attached properties sold in April 2008. The benchmark price of an attached unit increased 16.4 per cent between April 2009 and 2010 to $502,399.

GREATER VANCOUVER REAL ESTATE MARKET REPORT

2010-04-07T10:32:00.001-07:00

Below is the latest new release from the Real Estate Board of Greater Vancouver:

Home listings rise to start the spring season

Vancouver, B.C. - April 6, 2010 - A steady influx of new listings has helped create a balanced 'typical spring' housing market in the Greater Vancouver region.

The Real Estate Board of Greater Vancouver (REBGV) reports that new listings for detached, attached and apartment properties in Greater Vancouver totalled 7,004 in March 2010. This represents a 60 per cent increase compared to March 2009 when 4,385 new units were listed, and a 52.1 per cent increase compared to February 2010 when 4,606 properties were listed on the Multiple Listing Service® (MLS®).

At 13,538, the total number of property listings on the Multiple Listing Service (MLS®) increased 19 per cent in March compared to last month, but remains 7.6 per cent below this time last year.

"The total number of homes listed for sale on our MLS® is at its highest level in 10 months, which translates into more options and variety for those looking to buy during the traditionally busy spring period," Jake Moldowan, REBGV president said.

Residential property sales in Greater Vancouver reached 3,137 in March 2010, a 38.5 per cent increase compared to March 2009, a 4.7 per cent increase over March 2008, and a 12.4 per cent decrease compared to March 2007. The current figure also represents a 26.8 per cent increase
compared to the 2,473 sales recorded in February 2010.

"With a sales-to-listing ratio of 23 per cent, we see a healthy balance between buyer demand and seller supply in the marketplace," Moldowan said.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 20.3 per cent to $584,435 from $485,845 in March 2009. This price is 2.8 per cent above the previous high point in the market in May 2008 when the residential benchmark price sat at $568,411.

Sales of detached properties in March 2010 reached 1,336, an increase of 49 per cent from the 897 detached sales recorded in March 2009 and a 19.7 per cent increase from the 1,116 units sold in March 2008. The benchmark price for detached properties increased 23.3 per cent from March 2009 to $800,341, but declined 0.6 per cent compared to last month when the benchmark price was $800,796.

Sales of apartment properties in March 2010 reached 1,252, an increase of 28.3 per cent compared to the 976 sales in March 2009 and a decline of 8.6 per cent compared to the 1,370 sales in March 2008.The benchmark price of an apartment property increased 17.3 per cent from March 2009 to $395,507 and is up 1.2 per cent compared to last month when the benchmark price was $390,899.

Attached property sales in March 2010 totalled 549, an increase of 40.1 per cent compared to the 392 sales in March 2009 and a 7.4 per cent increase from the 511 attached properties sold in March 2008. The benchmark price of an attached unit increased 17.3 per cent between March 2009 and 2010 to $493,263, but declined 0.5 per cent compared to last month when the benchmark price was $495,496.

NEW LISTING - RICHMOND HOME WITH MORTGAGE HELPER

2010-03-30T10:59:00.000-07:00

ADDRESS: 4020 Amundsen Place, Richmond

ASKING PRICE: $828,000

RICHMOND'S FINEST! Welcome to this beautifully maintained and tastefully decorated home located on a quiet cul-de-sac in West Richmond. Well over $100k has been spent on upgrades over the past 10 years including new electrical, new plumbing, two zone radiant hot water heating, all new vinyl double glazed windows with two inch blinds, jacuzzi style tub and much more. Upon entering you'll notice the crown moulding and pocket lighting that accentuate the spacious foyer. The living and dining area, brightened by floor to (vaulted) ceiling windows, is complete with new oak hardwood floors and a gas fireplace. The kitchen has been totally renovated and boasts new stainless steel appliances, jenn-air stove, entertainment "island" and attractive slate tile floors leading onto a covered deck - perfect for year round barbeques. Spacious master bedroom with large walk-in closet and 3pc ensuite PLUS double garage and perfect two bedroom mortgage helper with separate laundry and entrance. A rare find!

FOR MORE INFORMATION PLEASE CONTACT DAVID REIMERS (VANCOUVER REALTOR®) AT 604.939.6666 OR VISIT Reimers.ca

NEW LISTING - VANCOUVER WATERFRONT ONE BEDROOM & DEN

2010-03-30T10:03:00.001-07:00

ADDRESS: 2206-33 Smithe Mews, Vancouver

ASKING PRICE: $499,900

SUPER FLOOR PLAN! This west-facing corner 1 bedroom & den w/ wrap around windows features fantastic 180 degree views, high-end euro-style finishing and granite countertops. Enjoy the fabulous amenities 'Esprit City Club' has to offer with its fully equipped gym, yoga & pilates studio, hollywood-style theatre, 2 ten-pin bowling lanes and a fleet of kayaks for your enjoyment! Steps to restaurants, shopping, Yaletown and BC Place. Waterfront living at it's best!

FOR MORE INFORMATION PLEASE CONTACT DAVID REIMERS (VANCOUVER REALTOR®) AT 604.939.6666 OR VISIT HomeVancouver.com

NEW LISTING - LOWER SHAUGHNESSY HALF DUPLEX

2010-03-24T09:48:00.001-07:00

ADDRESS: 1746 W 14th Ave, Vancouver

ASKING PRICE: $1,288,800

Pride of ownership is evident in this bright & spacious half duplex located on a peaceful tree lined street in one of Vancouver's most enviable neighbourhoods. The dramatic vaulted ceilings, exposed wood beams and skylights throughout this immaculate home are partnered with beautiful hardwood floors and smart California shutters. The gourmet kitchen features sleek granite counter tops and ample cabinetry with open concept design into the family room with access to your private south facing backyard/ patio ideal for entertaining. The generous bedrooms both feature view balconies. A beautiful home, ready to occupy. Granville Park out your back door! Convenient central location - steps to transit, fabulous South Granville dining & shopping. A pleasure to show!

FOR MORE INFORMATION PLEASE CONTACT DAVID REIMERS (VANCOUVER REALTOR®) AT 604.939.6666 OR VISIT HomeVancouver.com

NEW LISTING - DELIGHTFUL 1 BEDROOM & DEN TOWNHOUSE

2010-03-15T12:30:00.001-07:00

ADDRESS: 13-240 10th Street, New Westminster

ASKING PRICE: $279,500

A TRUE DELIGHT! Bright and spacious one bedroom and den townhome in Bosa's Cobblestone Walk. Superb floor plan! A few features include open concept kitchen with breakfast bar, gas fireplace, in suite laundry, newer laminate and tile flooring and two large outdoor patios (one fully fenced for Fido!) Great complex in a family neighbourhood. Two pets welcome (either cats or dogs). Centrally located close to transit, schools and shopping. Low maintenance fees!

FOR MORE INFORMATION PLEASE CONTACT DAVID REIMERS (VANCOUVER REALTOR®) AT 604.939.6666 OR VISIT HomeNewWest.com

NEW LISTING - RESIDENCES ON GEORGIA 1 BEDROOM VIEW SUITE

2010-03-15T10:27:00.000-07:00

ADDRESS: 1703-1288 West Georgia, Vancouver

ASKING PRICE: $389,900

Terrific one-bedroom view suite at the prestigious Residences on Georgia. Features include granite counters, in-suite laundry and storage plus one secured underground parking stall and storage locker. Excellent building amenities include exercise room, meeting room and 24-hour concierge. Prime Downtown location with world class shopping and restaurants. Coal Harbour, Stanley Park and English Bay are all within walking distance. Furniture package optional!

FOR MORE INFORMATION PLEASE CONTACT DAVID REIMERS (VANCOUVER REALTOR®) AT 604.939.6666 OR VISIT HomeVancouver.com

NEW LISTING - WATERFRONT 1 BEDROOM & DEN

2010-03-04T15:19:00.001-08:00

ADDRESS: 2306-33 Smithe Street, Vancouver

ASKING PRICE: $499,900

SUPER FLOOR PLAN! This west-facing corner 1 bedroom & den with wrap around windows features fantastic 180 degree views, high-end euro-style finishing and granite countertops. Enjoy the fabulous amenities 'Esprit City Club' has to offer with its fully equipped gym, yoga & pilates studio, hollywood-style theatre, 2 ten-pin bowling lanes and a fleet of kayaks for your enjoyment! Steps to restaurants, shopping, Yaletown and BC Place. Waterfront living at it's best!

FOR MORE INFORMATION PLEASE CONTACT DAVID REIMERS (VANCOUVER REALTOR®) AT 604.939.6666 OR VISIT HomeVancouver.com