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I have listed a new property at 1576 26TH AVE E in Vancouver.
Completely renovated 1914 character home! Spacious 6 bdrm + 3 bathroom home! Main floor features 1 bedroom + 1 bathroom, 9' ceilings, handscraped flooring, gas f/p, new kitchen w/Quartz counters, large eating area, high end s/s appliances incl fridge w/water dispenser, gas stove, u/m sink & tiled backspash. Upper level w/3 generous sized bedrooms + bathroom. This home is updated w/new bathrooms, vanity, faucets, tub & tiling, new front loading washer/dryer, blinds, alarm system, paint, newer roof & 100 amp breaker. Brand new fully finished 2 bedroom basement suite w/new kitchen & appliances, w/ separate laundry - great mtge helper! South facing fully fenced yard w/sundeck. Great location close to erverything! Steps to Kingscrest Park & Selkirk Elementary. OPEN: Sat/Sun Dec 12th/13th 2-4pm.
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Government of Canada Takes Action to Maintain a Healthy, Competitive and Stable Housing Market
December 11, 2015 – Ottawa, Ontario – Department of Finance


Finance Minister Bill Morneau today announced changes to the rules for government-backed mortgage insurance to contain risks in the housing market, reduce taxpayer exposure and support long-term stability. Effective February 15, 2016, the minimum down payment for new insured mortgages will increase from 5 per cent to 10 per cent for the portion of the house price above $500,000. The 5 per cent minimum down payment for properties up to $500,000 remains unchanged.

 

For example: 

Purchase price of $700,000

5% down payment on first $500,000 = $25,000

10% down payment on excess $200,000 = $20,000

 

Total minimum down payment required = $45,000

LTV of 93.57%

 

Canadians who already own a home will NOT be affected.

 

The Government continuously monitors the housing market and is committed to implementing policy measures that maintain a healthy, competitive and stable housing market. Higher homeowner equity plays a key role in maintaining a stable and secure housing market.

In making this announcement, Minister Morneau also highlighted the increases in guarantee fees for Canada Mortgage and Housing Corporation (CMHC)-sponsored securitization programs, announced today by CMHC. The Office of the Superintendent of Financial Institutions has also announced today its plans to update regulatory capital requirements for residential mortgages to ensure that capital requirements keep pace with market developments and risks. Taken together, today’s actions will strengthen the resiliency of Canada’s housing finance system to promote long-term stability and balanced economic growth.

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I have listed a new property at 5485 DUNDEE ST in Vancouver.
Solid 4 bdrm home on a RT-11 Duplex lot(Norquay village) area. 33x106.47 lot. Excellent opportunity here.
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I have sold a property at 605 719 3 ST W in North Vancouver.
The Shore built by Adera is a new development coming to North Vancouver, minutes to the Sea Bus, Capilano Mall, bus stops and North Vancouver's amenities. This home boasts over 500 square feet of outdoor space, 2 separated bedrooms, brand new finishes, a 400 square foot ROOFTOP PATIO WITH HOT TUB and more. Completion in 2017.
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I have listed a new property at 432 36TH AVE E in Vancouver.
Stunning renovation from head to toe in this sensation Vancouver Special make over from Arix Developments! Sitting at 2500+ SF, this home is amazing with the best of modern updates, but the terrific floor plan and space of the past. Enter in a large foyer, with over-sized closet and media rec room to the side. Upper level offers the main living space with open concept living, dining and a stunning chef's kitchen with over-sized island and top finishes. There are 3 spacious bedrooms, including a luxurious master and en-suite and floor to ceiling built in closets. Lower level offers an amazing 2 bedroom suite, fully updated and ready to move in. Located in the best "pocket" of Fraser on a sunny south facing lot, on a quiet traffic calmed street, this won't last.
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