I have sold a property at 502 1065 QUAYSIDE DR in New Westminster.
Welcome home! Enjoy watching the sun set and rise over the Fraser River from this beautifully kept home in Quayside Tower 2, built by Bosa. This fantastic floorpan maximizes every square foot. Large windows flood the home with natural light, including large sliding doors that lead out to the South facing patio. New paint & updated appliances makes the space feel fresh and inviting. Proactive strata in an owner occupied building with indoor pool, hot tub, sauna, gym and visitor parking. Many updates completed in this well maintained building. 1 parking & storage locker included. All of this within a 10 minute walk to Skytrain, Groceries, Theatre and the New West Quay.
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I have sold a property at 207 5 RENAISSANCE SQ in New Westminster.
Welcome to this beautiful private oasis at the Quay. Quietly tucked away and surrounded by lagoon this 3 bedroom and den corner home has been updated with the best of taste. Large rooms and kitchen make for great entertaining or a quiet morning coffee. 3 generous sized bedrooms, master bedroom has a spacious walk in closet. Enjoy walks along the Boardwalk, 2 minute walk to park, shopping at the Quay Market and an easy 10 minute walk to the skytrain. Pets ok. Rentals with restrictions. One parking stall, one storage locker. Measurements provided by BC Floor Plans.
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Please visit our Open House at 829 AGNES ST in New Westminster.
Open House on Saturday, March 21, 2020 2:00PM - 4:00PM
RARELY AVAILABLE TOWNHOME! One of the best townhomes in New West. This spacious end unit is steps to the waterfront Quay, skytrain station and all of the convenient shops and restaurants New West has to offer. This home is amazingly bright with double height windows in the living room that look out onto the private patio & expansive private green space. With a spacious floor plan features 3 beds + den (great spare bedroom) & large laundry/storage room. Well kept with tasteful updates including granite counters, s/s appliances, laminate flooring, and new fixtures throughout. There are 2 side by side parking stalls & a storage locker in the underground parkade. Call for your private showing.
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COVID-19 is here, and it has quickly become the biggest disrupter in not just our health care system, but our financial markets, small businesses and everything in between. We've seen unprecedented stock market drops, small businesses close their doors until further notice and people self quarantine for the foreseeable future.


What does COVID-19 mean for the Vancouver real estate market? It was just a few weeks ago that we were in full swing. We were getting the feeling that our market was roaring back,. Multiple offers, subject free offers, and hoards of people at open houses were the norm. Interest rates were dropping and we were all preparing for a year similar to what we saw back in 2016.


Then we got word of Corona Virus. It seemed like it was a world away. We heard stories of what it was doing in China, but many of us thought people were over reacting. We heard people in power say "just wash your hands", "it's just the flu", "only the elderly need to be worried" and on and on.


Then it started to spread. And it spread very quickly. Before we knew it, Italy was in lockdown, then Germany. Then the NBA paused it's season. Followed by the NHL. March madness was cancelled and all minor leagues shut down.


President Trump started by saying stay away from groups of 1000. This quickly turned into 500, then 100, then 50, 10 and now just your immediate family.


Social Distancing became the phrase of the month. Essentially stay home. Don't leave unless you need food or medicine. People started to listen.


So here we are. In the first full week of "social distancing". Homes are still listed for sale. Sellers still need to sell. Some buyers still need to buy. Open houses are starting to be cancelled and private showings are becoming the norm.

But what happens next?


Well the big 5 banks (Scotia,TD, BMO, CIBC and RBC) have come out and said that on a case by case basis they will work with small business owners and individuals that have been impacted. This could mean delaying mortgage payments and interest payments. It just came out today and the details are still unclear. There could be up to 6 months of deferred mortgage payments from what we are seeing now.


The biggest question for me is how long quarantine will last. Inevitably it will lead to a stock up of buyers that have hit the pause button, unless those buyers are so impacted by the financial changes that COVID has led to. I think this will really depend how long this "lockdown" continues for.


In the meantime we are doing our best to navigate this tricky time, but also in assisting our clients in what they need to have done. We are walking a fine line of helping our clients that are in need of buying or selling, and keeping everyone safe.


Video conferencing and video tours will need to suffice on some occasions, and extreme caution will be used when we need to be in homes.


In the meantime, we wish everyone the best. Stay safe out there, and if we can assist at all feel free to give us a call. We are figuring this out along with everyone else as we go and more information is provided to us.


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I have listed a new property at 829 AGNES ST in New Westminster.
RARELY AVAILABLE TOWNHOME! One of the best townhomes in New West. This spacious end unit is steps to the waterfront Quay, skytrain station and all of the convenient shops and restaurants New West has to offer. This home is amazingly bright with double height windows in the living room that look out onto the private patio & expansive private green space. With a spacious floor plan features 3 beds + den (great spare bedroom) & large laundry/storage room. Well kept with tasteful updates including granite counters, s/s appliances, laminate flooring, and new fixtures throughout. There are 2 side by side parking stalls & a storage locker in the underground parkade. Call for your private showing.
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I have sold a property at 313 7138 COLLIER ST in Burnaby.
Situated in one of the most popular locations in South Burnaby – Highgate Village, built by Bosa Properties, this concrete unit offers 2 bedrooms, 2 full bathrooms and a spacious living room, with laminate flooring, new paint, stainless steel kitchen appliances, in-suite laundry and very efficient layout. From two balconies next to the bedrooms, you can enjoy the fantastic mountain view. Everything is minutes away, shopping, recreation, banking, public transit etc. Please come to explore this rare opportunity!
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I have sold a property at 103 2268 12TH AVE W in Vancouver.
Don’t miss this bright, ground level, 629 sqft studio in the heart of Kitsilano. Renovated in 2017, this large suite features an open concept floor plan and private patio to relish sunny days and planter gardening! Enjoy the modern kitchen with SS appliances, in-suite laundry, gas fireplace, murphy bed with storage, plus a den/office room with built-in desk and shelving. Additional highlights include natural light throughout, street access through the patio, and a major bonus - you will be steps away to the soon to be SkyTrain location. Plus, you’re walking distance to transit, Kits Community Centre, Connaught Park, West Broadway shopping & an easy drive to UBC. 1 underground parking spot and storage locker included. Pets and rentals allowed (w/restrictions)!
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I hope that you are keeping well in these tumultuous times.  It's definitely been an emotional time as we see the world starting to stall to prevent further spread of COVID 19. The question this week has really been how is this all going to shake out  and what exactly are we seeing in the Real Estate Market?

Well, we have seen the Vancouver Real Estate Market ebb and flow in the recent years as homebuyer confidence has swayed; but in spite of everything I think we will still have a busy, highly active year ahead. Demand is back to where it was in 2017 after a brief dip following the regulation and tax changes in BC. Now that we seem to be accustom to the new laws, and tensions grow globally from stock market plummets and coronavirus, many people are looking locally for investment security. 

Looking at the stats, we are definitely feeling a pinch between supply and demand. We saw a 44.9% increase in sales compared to February 2019, and a 36.9 per cent increase in homes sold in January. This sounds great, but the issue is that the supply just isn’t keeping up with the demand. The total number of homes currently listed for sale decreased by 20.7 per cent. This means multiple offers on well priced properties is back to being the norm.  5-15 offers on a single property is becoming common place. We were involved in a multiple offer scenario for a detached home in Kitsilano that received 43 offers and sold half a million dollars over asking price! 

With the worldwide caution around coronavirus, The Bank of Canada cut rates for the first time in four years. Rates across the board continued to decline this week, with the 5 yr High-ratio Fixed down to 2.34%, and regular 5yr fixed 2.54%: Variable, both Conventional and Insured, still at P-1.00%, however some lenders have started to allow this to increase. These rates will probably not be seen again in our lifetime. We detail current rates and what we are seeing from the banks in another blog post, linked here.
http://caseyarchibald.com/blog.html/bank-of-canada-rate-cut--7145977 

Benchmark prices have increased by 0.3%, but what’s more important is that they have increased by 2.7% over the past 6 months. I think we will see this continue to trend upwards if we see this type of activity continue. Like I said; as mortgage rates drop by the minute, and the stock market grows more volatile, Vancouver real estate has picked up once again. There is a bit of concern for buyers surrounding strata insurance, but this is easy to navigate by looking through strata documents prior to an offer or during the subject period. As a buyers agent we will review documents on your behalf to make sure the deductible hasn’t increased beyond belief. 

 If you would like to know how this may impact you, please reach out any time. I’m always here to help you make the best decision for your real estate investments. 
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Please visit our Open House at 718 5665 BOUNDARY RD in Vancouver.
Open House on Sunday, March 15, 2020 2:00PM - 4:00PM
Fantastic unit in Wall Centre Central Park Towers by Wall Financial. This 1 bed + large den & 1 bath features a functional floor plan with sleek finishes such as brushed nickel door handles, cocoa wood-tone floors, polished quartz counters, gas stove and stainless steel appliances. Excellent quality and design with resort-like amenities including fitness centre, 60 ft lap pool, hot tub, meeting rooms, rooftop garden and caretaker. Overlooking Central Park and 3 blocks from Joyce skytrain station. Steps to buses, schools, shopping & restaurants. Minutes to Metrotown and downtown. Schools in catchment include Graham D Bruce Elementary, Killarney and Windermere. 1 parking stall & insuite laundry included. Pet & rental friendly. Open house March 15th 2-4PM
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Please visit our Open House at 502 1065 QUAYSIDE DR in New Westminster.
Open House on Saturday, March 14, 2020 1:00PM - 3:00PM
Welcome home! Enjoy watching the sun set and rise over the Fraser River from this beautifully kept home in Quayside Tower 2, built by Bosa. This fantastic floorpan maximizes every square foot. Large windows flood the home with natural light, including large sliding doors that lead out to the South facing patio. New paint & updated appliances makes the space feel fresh and inviting. Proactive strata in an owner occupied building with indoor pool, hot tub, sauna, gym and visitor parking. Many updates completed in this well maintained building. 1 parking & storage locker included. All of this within a 10 minute walk to Skytrain, Groceries, Theatre and the New West Quay. Open house March 14th 1-3PM
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I have sold a property at 212 702 KING EDWARD AVE E in Vancouver.
If you want to live in one of the coolest and trendy Vancouver neighbourhoods, look no further than this gorgeous home in the heart of Fraser! It's not every day that you can find such a large, renovated 1 bed with an almost 700 sq ft open floor plan. This unit has been freshly painted and comes with brand new vinyl floors, and low maintenance. Centrally located with transit at your doorstep and walking distance to great shopping, parks, schools, and amazing restaurants like Pizza Carano, Prado, Egg&Co., Bells & Whistles, Savio Volpe, Les Faux Bourgeois. Also included is a large parking spot, storage locker, ability to rent, and have 1 pet. Hard to beat such a great value! OPEN HOUSE SATURDAY & SUNDAY MARCH 7TH/8TH 1-3PM
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Rates dropped this week … coronavirus effects caused the Fed to drop their rate 0.50% on Tuesday and the Bank of Canada followed on Wednesday: the Fed move was definitely a shock, as they were not scheduled to announce until March 18. The Fed hasn’t made an unscheduled announcement since 2008, and even then it was co-ordinated with Central Banks around the world.


Once the Fed dropped, it became inevitable that the Bank of Canada too, and it just so happened that we were scheduled for an announcement on Wednesday. Note that this may not be the last time the BoC drops its rate, as they have been one of the few holdouts among Central Banks, and many observers were already recommending a 25bps drop prior to the Fed announcement.


As is the norm, the Big Banks have cut Prime Rate to 3.45%: note that they aren’t obligated to follow the BoC rate, and in view of the current circumstances, there was some discussion that they might not. We are watching the Benchmark and Stress Test rates closely.


Of course these cuts are very inflationary, particularly for real estate as we've continued to see a supply issue across Metro Vancouver.


All this means that mortgage rates are dropping by the minute: at the time of writing, 5 yr High-ratio Fixed is down to 2.49%, and regular 5yr fixed 2.59%: with the Prime Rate cut, Variable, both Conventional and Insured, at P-1.00% works out to 2.45%.


***** 


Most lenders have moved to a structure where they have a “base” rate for conventional LTVs up to 65% (or so), with premiums based on LTV above (or some variation thereof) … and a separate rate for high ratio. An example with a conventional 3.69% base rate:


  • LTV <65% = 3.64%
  • 65.01% - 70.00% = 3.69%
  • 70.01% - 75.00% = 3.74%
  • 75.01% - 80.00% = 3.79%
  • BUT >80% = 3.59%
  • What’s more is that these are limited to 25 yr amort, regardless of LTV … 30yr amort is still available below 80% LTV, but the rate is 3.79%+

 The premiums vary from Lender to Lender.


If you have any questions, we work with the leading industry professionals to set you up with fantastic brokers that offer competitve rates. Please give us a call anytime to discuss how these changes will affect you! 

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I have sold a property at 808 4425 HALIFAX ST in Burnaby.
Fantastic North/West facing home with stunning mountain views in the very well maintained Polaris complex, built by BOSA. Located near the exciting hub of Brentwood, you have shopping and the Skytrain within minutes of your front door. Open concept living, with 1.5 baths and a den that is large enough to be a 2nd bedroom. With updated quartz countertops in the kitchen & baths, custom slate tiles on the patio, updated carpet throughout and newer appliances, this fantastic home is completely move in ready. Amenities include fitness room, hobby/workshop, library, lounge and outdoor garden trails. Other features include in-suite laundry, parking and storage. Call to view.
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Please visit our Open House at 718 5665 BOUNDARY RD in Vancouver.
Open House on Saturday, March 7, 2020 2:00PM - 4:00PM
Fantastic unit in Wall Centre Central Park Towers by Wall Financial. This 1 bed + large den & 1 bath features a functional floor plan with sleek finishes such as brushed nickel door handles, cocoa wood-tone floors, polished quartz counters, gas stove and stainless steel appliances. Excellent quality and design with resort-like amenities including fitness centre, 60 ft lap pool, hot tub, meeting rooms, rooftop garden and caretaker. Overlooking Central Park and 3 blocks from Joyce skytrain station. Steps to buses, schools, shopping & restaurants. Minutes to Metrotown and downtown. Schools in catchment include Graham D Bruce Elementary, Killarney and Windermere. 1 parking stall & insuite laundry included. Pet & rental friendly. Open house Sat & Sun, March 7th & 8th 2-4PM
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Please visit our Open House at 718 5665 BOUNDARY RD in Vancouver.
Open House on Sunday, March 8, 2020 2:00PM - 4:00PM
Fantastic unit in Wall Centre Central Park Towers by Wall Financial. This 1 bed + large den & 1 bath features a functional floor plan with sleek finishes such as brushed nickel door handles, cocoa wood-tone floors, polished quartz counters, gas stove and stainless steel appliances. Excellent quality and design with resort-like amenities including fitness centre, 60 ft lap pool, hot tub, meeting rooms, rooftop garden and caretaker. Overlooking Central Park and 3 blocks from Joyce skytrain station. Steps to buses, schools, shopping & restaurants. Minutes to Metrotown and downtown. Schools in catchment include Graham D Bruce Elementary, Killarney and Windermere. 1 parking stall & insuite laundry included. Pet & rental friendly. Open house Sat & Sun, March 7th & 8th 2-4PM
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Please visit our Open House at 502 1065 QUAYSIDE DR in New Westminster.
Open House on Saturday, March 7, 2020 2:00PM - 4:00PM
Welcome home! Enjoy watching the sun set and rise over the Fraser River from this beautifully kept home in Quayside Tower 2, built by Bosa. This fantastic floorpan maximizes every square foot. Large windows flood the home with natural light, including large sliding doors that lead out to the South facing patio. New paint & updated appliances makes the space feel fresh and inviting. Proactive strata in an owner occupied building with indoor pool, hot tub, sauna, gym and visitor parking. Many updates completed in this well maintained building. 1 parking & storage locker included. All of this within a 10 minute walk to Skytrain, Groceries, Theatre and the New West Quay. Open house March 7th & 8th 2-4
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Please visit our Open House at 502 1065 QUAYSIDE DR in New Westminster.
Open House on Sunday, March 8, 2020 2:00PM - 4:00PM
Welcome home! Enjoy watching the sun set and rise over the Fraser River from this beautifully kept home in Quayside Tower 2, built by Bosa. This fantastic floorpan maximizes every square foot. Large windows flood the home with natural light, including large sliding doors that lead out to the South facing patio. New paint & updated appliances makes the space feel fresh and inviting. Proactive strata in an owner occupied building with indoor pool, hot tub, sauna, gym and visitor parking. Many updates completed in this well maintained building. 1 parking & storage locker included. All of this within a 10 minute walk to Skytrain, Groceries, Theatre and the New West Quay. Open house March 7th & 8th 2-4
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Please visit our Open House at 502 1065 QUAYSIDE DR in New Westminster.
Open House on Saturday, February 29, 2020 12:00PM - 2:00PM
Welcome home! Enjoy watching the sun set and rise over the Fraser River from this beautifully kept home in Quayside Tower 2, built by Bosa. This fantastic floorpan maximizes every square foot. Large windows flood the home with natural light, including large sliding doors that lead out to the South facing patio. New paint & updated appliances makes the space feel fresh and inviting. Proactive strata in an owner occupied building with indoor pool, hot tub, sauna, gym and visitor parking. Many updates completed in this well maintained building. 1 parking & storage locker included. All of this within a 10 minute walk to Skytrain, Groceries, Theatre and the New West Quay. Open house Feb 29th 12-2, March 1 2-4
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I have listed a new property at 502 1065 QUAYSIDE DR in New Westminster.
Welcome home! Enjoy watching the sun set and rise over the Fraser River from this beautifully kept home in Quayside Tower 2, built by Bosa. This fantastic floorpan maximizes every square foot. Large windows flood the home with natural light, including large sliding doors that lead out to the South facing patio. New paint & updated appliances makes the space feel fresh and inviting. Proactive strata in an owner occupied building with indoor pool, hot tub, sauna, gym and visitor parking. Many updates completed in this well maintained building. 1 parking & storage locker included. All of this within a 10 minute walk to Skytrain, Groceries, Theatre and the New West Quay. Open house Feb 29th & March 1st 2-4PM.
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Please visit our Open House at 502 1065 QUAYSIDE DR in New Westminster.
Open House on Sunday, March 1, 2020 2:00PM - 4:00PM
Welcome home! Enjoy watching the sun set and rise over the Fraser River from this beautifully kept home in Quayside Tower 2, built by Bosa. This fantastic floorpan maximizes every square foot. Large windows flood the home with natural light, including large sliding doors that lead out to the South facing patio. New paint & updated appliances makes the space feel fresh and inviting. Proactive strata in an owner occupied building with indoor pool, hot tub, sauna, gym and visitor parking. Many updates completed in this well maintained building. 1 parking & storage locker included. All of this within a 10 minute walk to Skytrain, Groceries, Theatre and the New West Quay. Open house Feb 29th & March 1st 2-4PM.
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