Check out all of the details of this Apartment for sale, 1 258 West 14th Street, Central Lonsdale, North Vancouver, BC
Check out all of the details of this Apartment for sale, 1 258 West 14th Street, Central Lonsdale, North Vancouver, BC
Check out all of the details of this Apartment for sale, 805 175 West 2nd Street, North Vancouver, BC
Coming soon! Check out all of the details of this Apartment for sale, 216 1111 East 27th Street, Lynn Valley, North Vancouver, BC
Check out all of the details of this Apartment for sale, 208 175 East 10th Street, Central Lonsdale, North Vancouver, BC
Check out all of the details of this House for sale, 3920 Sunset Boulevard, Edgemont, North Vancouver, BC
I just had the pleasure of selling this Cedarbrooke Village Condo at #614-555 28th Street, Upper Lonsdale, North Vancouver, BC to the most lovely couple, who have through this purchase, turned their more than an hour long commute into 15-20 minutes. Congratulations!
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VANCOUVER (via NEWS 1130) – June was another scorching month in the Vancouver real estate market.
An industry group says Vancouver home resales rose 28.7 per cent last month from a year earlier to 3,539.
The Canadian Real Estate Association also says the average unadjusted price was up 15.8 per cent to $923,000.
Even on a month-over-month basis Vancouver home prices were substantially higher, gaining 3.6 per cent. That’s more than double the nationwide price increase.
And that means the Bank of Canada’s interest rate drop likely won’t have much of an impact here.
“Four housing, the impact on markets like Vancouver and Toronto, that are already experiencing very strong demand, might be relatively muted. But for other markets that have been more negatively affected by low energy prices, including some areas of northern BC, might see a bit of a boost,” says Brendon Ogmundson, an economist with the BC Real Estate Association.
“Vancouver has demand at a 10-year high and doesn’t really need any extra boost but we might see some marginal effect.”
Ogmundson says the news is good for the rest of the country.
“Vancouver doesn’t need a whole lot of extra stimulus. This sort of action by the Bank of Canada is really more to help places like Calgary that have seen a bit of a downturn given the decline in oil prices.”
The national average sale price rose 9.6 per cent on a year-over-year basis in June; but excluding Greater Vancouver and Greater Toronto, it increased by only 3.1 per cent.
Highlights:
Investigating a “tenancy in common” could be a viable option for many first-time home buyers that are attempting to address the challenges of buying pricey homes on the North Shore. Many first-time buyers are being priced out of this market because they are unable to save the huge down payment or qualify for a mortgage. One solution to these problems is buying a home with a suite or a coach house or to co-buy a home with with friends or family. Some people call these "mixed mortgages”. The best way to describe it would be a tenancy in common.

Things to consider when setting up a TENANCY-IN-COMMON**
(**this is not to be construed as legal advise – you MUST CONSULT a LAWYER for proper advise and to determine your unique situation)
A legally binding document needs to be drafted that covers all of the different circumstances that may arise. This partnership or joint venture agreement should cover at least some of these basics:
I just sold this Townhouse at 258 West 4th Street, Lower Lonsdale, North Vancouver, BC Lower Lonsdale.
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Metro Vancouver residents must now monitor their watering schedules as the regional district has put water restrictions into effect beginning June 1.
Residents of North Vancouver City, North Vancouver District, and West Vancouver District must comply with water restrictions outlined below between June 1 and September 30, 2015:
While water restrictions normally take place every summer, the region is currently coming out of an unusually warm and dry winter season, causing lower-than-normal snow packs and fresh water accumulation.
Watering outside scheduled days and hours may result in a $250 fine if caught. Municipality officials will be monitoring residential and non-residential water use, and residents can also report offenders to their local governments.
REPORT TO:
North Vancouver City - Engineering, Parks & Environment: 604.983.7333
North Vancouver District - General Enquires: 604.990.2311
West Vancouver District - Engineering: 604.925.7020
Vancouver is currently at Stage 1 of water restrictions, but could move up to Stage 4 during the summer if water reservoirs cannot keep up with demand. Stage 4 prohibits all lawn watering, garden watering, refilling private pools, spas and garden ponds, public water play parks and pools, public and commercial fountains, surface washing, pressure washing, vehicle washing, watering golf courses, turf farms, artificial turf and tracks, school yards and fields and cemetery lawns.
Metro Vancouver states that as much as two billion litres of water a day are used in the region during the summer, mostly due to outdoor use. Restricting lawn watering to morning hours eases the demand for water during the evening when most people prepare meals, wash dishes, do laundry, take showers and perform other domestic activities.
One hour of lawn sprinkling uses as much water as 25 toilet flushes, 5 loads of laundry and 5 dishwasher loads combined.
The following municipalities reside in Metro Vancouver and are effected by water restrictions:
Sold in just one week this House at 2036 Cedar Village Crescent in the Westlynn area of North Vancouver, will make a great family home for the new buyers, and my sellers got their asking price! If you are thinking of selling, please feel free to call me at 604-985-SOLD(7653) or text or email. Inventory is low in certain segments of the market so it could be the perfect time for you too!
View this recently sold House or see all my home sales