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Centrally located this two bedroom, two bathroom inviting one level town home offers nearly 1,000 square feet of living - it will delight you! A south-facing end unit that has been tastefully and completely renovated, it is light, bright and airy with two entrances including direct garage access. Stainless steel appliances, hardwood floors, contemporary fixtures, gas fireplace and there is a pleasant, private outdoor patio. It is set in a small complex of just 9 homes that is self-managed, well maintained and convenient to all amenities. Secured parking and separate storage locker.  No rentals allowed and two cats are welcome. Call today for all the details! 

Check out all of the details of this Apartment for sale, 1 258 West 14th Street, Central Lonsdale, North Vancouver, BC

 

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Located in the sought after Ventana Building this smart open plan VIEW one bedroom feels much bigger than the square footage indicates. It offers a sunny exposure with South-East and South-West views from the big windows of it's 8th floor location. Bright, inviting and set in a great building with low maintenance fees that include heat and hotwater, this lovely one bedroom features upgraded flooring, granite counters, name brand appliances and electric fireplace.  You will appreciate all the amenities of this quiet Lower Lonsdale location that is steps to Lonsdale Quay, shops, theatres, restaurants, recreation center and more!  Two storage lockers, in suite laundry and secured parking. Rentals allowed. Be quick!

Check out all of the details of this Apartment for sale, 805 175 West 2nd Street, North Vancouver, BC

 

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Bright and just right! This one bedroom and den south-facing suite offers 780 square feet in an ideal Central Lonsdale location. Just steps to the new Whole Foods, Club16 Fitness, parks, restaurants and so much more, yet tucked on a quiet street in a pet friendly building. The kitchen with stainless appliances and tile floor is open to the dining area for easy entertaining. The living room features a cozy corner gas fireplace and there is an adjoining den which makes for a great in-home office, sunny sitting area or potential sleeping space. The master bedroom is generously sized and there is a separate storage locker and in suite laundry too. Tasteful, inviting and ideally situated, it is walk-able to all amenities in a worry-free building. 1 dog, 1 cat allowed and 1 parking spot included. Call now for details!

Check out all of the details of this Apartment for sale, 208 175 East 10th Street, Central Lonsdale, North Vancouver, BC

 

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This three level, 5 bed, 3 bath perfectly maintained home is looking for its next family!  Approximately 3,000 square feet and set in a prime EDGEMONT VILLAGE location steps to Eldon Park, walking distance to the new rec center and schools - in the Cleveland/Handsworth catchment.  There are two bedrooms up with the addition of a closet to the large upstairs den, and three bedrooms down.  The main floor offers a great plan for relaxed family living or intimate formal entertaining with hardwood floors and vaulted ceilings.  The updated kitchen is open to the family room and deck, plus there’s an ideal home office space (or main floor bedroom) and a tranquil sitting area. A sunny front yard and private rear garden backing on greenbelt make for a beautiful natural setting and a huge workshop and garage complete the package.  Call now for more details!  Showings start Tuesday, September 15th at the Agent's Open 10:00am-12:00pm, and there are Public Opens on Saturday and Sunday, September 19th and 20th from 2:00pm to 4:00pm.  See you there!

Check out all of the details of this House for sale, 3920 Sunset Boulevard, Edgemont, North Vancouver, BC

 

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VANCOUVER (via NEWS 1130) – June was another scorching month in the Vancouver real estate market.

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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:

  • National home sales edged back by 0.8 per cent from May to June.
  • Actual (not seasonally adjusted) activity stood 11 per cent above June 2014 levels.
  • The number of newly listed homes edged down 0.2 per cent from May to June.
  • The Canadian housing market remains balanced overall.
  • The MLS Home Price Index (HPI) rose 5.43 per cent year-over-year in June.

Article by Richard Dettman and Simon Druker


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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.

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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: 

  • Who pays for the purchase and maintenance of the house, and how ownership is divided.
  • Sales agreement in case one side wants to sell their share.
  • How the property will be divided if the friends/family decide to separate or if one person dies.
  • Enclose a first right of refusal clause into the agreement so whoever wants to stay has the ability to own the entire residence.
  • Regardless of who you’re buying with, whether a friend or sibling or parent, you must consult a lawyer and draft legal papers.
  • Pay attention to unbalanced arrangements at the outset. For example, if you’re contributing 100% of the down payment but the two parties will be splitting the expenses, you might want to be clear in your agreement that your down payment should be returned to you upon sale before profits are split.
In the end if there is a will, there is a way. Home ownership is a milestone and one of the most important investments of your life. Using clear insight, understanding and skilled negotiating, Joe Campbell has helped hundreds of people go from House Hunters to Home Owners and that makes for a lot of Happy Clients!


Read an additional article on building a "COACH HOUSE" on the North Shore for even more options...CLICK HERE...
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So, whether you are moving out or moving up - Contact me for a FREE CONSULTATION or to set up an Automated Personal Property Search. I will provide you with all the best MLS matches to your specific property needs, often days before they reach the public sites! Get a Buyer's Package complete with information about the Buying Process, Financing Options, Home Ownership Assistance Programs and more!



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Some interesting stats this month indeed in the latest report from the Real Estate Board of Greater Vancouver.  A reminder that the markets are cyclical - what influences them can be many different factors and in the case of our local real estate market, there are several elements at once contributing to a record setting month.  Click here for details.

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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:

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Residential:

  • Even-numbered addresses may sprinkle lawns 4 a.m. – 9 a.m. Monday, Wednesday, Saturday.
  • Odd-numbered addresses may sprinkle lawns 4 a.m. – 9 a.m. Tuesday, Thursday, Sunday.

Non-residential:

  • Even-numbered addresses may sprinkle lawns 1 a.m. – 6 a.m. Monday and Wednesday
  • Odd-numbered addresses may sprinkle lawns 1 a.m. – 6 a.m. Tuesday and Thursday
  • All non-residential addresses can also sprinkle 4 a.m. – 9 a.m. Friday.

New (unestablished) residential and commercial lawns, trees, shrubs, and flowers

  • Sprinkling outside restricted times allowed only at the discretion of each municipality and with special permits to be displayed on lawn.

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:

  • Lions Bay
  • Bowen Island
  • West Vancouver
  • North Vancouver District
  • North Vancouver City
  • City of Vancouver
  • Electoral Area A (UBC)
  • Burnaby
  • New Westminster
  • Coquitlam
  • Port Coquitlam
  • Port Moody
  • Belcarra
  • Anmore
  • Richmond
  • Delta
  • Tsawwassen
  • Surrey
  • White Rock
  • Langley City
  • Langley Township
  • Pitt Meadows
  • Maple Ridge
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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

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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.