Royalty Listings Magazine // Issue 1

20

over

commercial & residential listings

Meet Our Realtors housing market

Stabilizing

 Howe St Davie St

 

Richards St

Robson St

Helmcken St





Seymour St

Smithe St



Nelson St

Granville St

our company T

he Royalty Group Realty is a new real estate company located in downtown Vancouver. We are dedicated to excellence in service and committed to ensuring client satisfaction. We understand that buying or selling your home can be stressful, which is why we are skilled at making this experience as hassle-free and enjoyable as possible.

Our members at Royalty Group bring years of real estate experience and are well equipped to ensure that you find the home of your dreams. Our agents will provide you with in-depth knowledge and the tools you need to make decisions that meet your needs. Whether you are purchasing or selling your home we aim to keep your interests our main priority.

We hope you enjoy the first issue of our magazine as we introduce our exceptional agents and properties.You will find all our current listings and useful real estate articles from our agents to help you with your decision-making process. We hope it will be both a good read and— above all—a great aid in your journey to finding your dream home.

Sincerely,

Managing Broker

#802

2982 Burlington Dr, Coquitlam

7077 Beresford St, Burnaby South

#1053

farhood hashemian

farhood hashemian

720 sq.ft • 1 bedroom & den Walking distance to Coquitlam centre Brand New

906 sq.ft • 2 bedrooms & 2 baths Bike room, garden, in suite laundry, etc Close to school, skytrain and shopping

$399,000

2088 Madison Ave, Brentwood Park

#1606

$345,000

831 Clements Ave, NorthVancouver

davor milidrag

davor milidrag

1,000 sq.ft • 2 bedrooms & 2 bathrooms Corner northeast unit, best layout in the building City & mountain view Granite counter-top in kitchen

33,000 ft invest or build in this very desirable area

$435,000

$579,000

bc housing market stabilizing

Balanced markets emerging inVictoria,Vancouver and the FraserValley

bc mls® Residential Sales source: bcrea

A

s part of its Spring 2009 Housing Forecast, the British Columbia Real Estate Association (bcrea) reported that housing market conditions have improved more rapidly than expected. As a result, bcrea has revised its home price forecast upwards, reflecting greater price stability through the balance of the year.

The average Multiple Listing Service® (mls®) residential price in British Columbia is forecast to decline eight percent to $420,600 in 2009, instead of 13% originally forecasted at the beginning of the year.

“The majority of the decline in home prices has already occurred,” said Cameron Muir, bcrea Chief Economist. “Balanced markets are emerging in Victoria, Vancouver and the Fraser Valley. There’s now little downward pressure on home prices in these areas.”

Home sales in the province have climbed out of a trough, posting double-digit percentage gains for three consecutive months (seasonally adjusted). bc mls® residential sales are forecast to decline 12 percent to 60,755 units this year, as a result of a weak first quarter.

However, stronger consumer demand is expected to continue

for the balance of the year and through 2010. Residential sales in 2010 are forecast to climb 10 percent to 66,740 units.

Affordability reached a three-year high in April with lower home prices and record low interest rates reducing the carrying cost of the average priced home 24 per cent over the last year.

“A significant increase in affordability has brought many first-time buyers into the market,” added Muir. “First-time buyers were largely absent in the late fall and winter, making it more difficult for move-up buyers to sell their current homes.

The chain of ownership is now being oiled.”

Source: British Columbia Real Estate Association

823 West 61st Ave, Vancouver West

lino a. demarchi 2,200 sq.ft • Two large patios 4 bedrooms, 2 baths & 2 kitchens Close proximity to schools

$889,800

837 Clements Ave, NorthVancouver

davor milidrag 33,000 ft invest or build in this very desirable area

$579,000

102 441 East 3rd St, Lower Lonsdale

#

davor milidrag 926 sq.ft Completely renovated oversize 2 bedroom suite granite counter-tops

$295,000

1105 719 Princess St, New Westminster

#

davor milidrag 1,100 sq.ft • 2 bedrooms, 2 baths & den Renovated • 2 parking stalls balcony with panoramic view

317 1500 Pendrell St, Vancouver West

#

1703 1239 West Georgia St, Coal Harbour

#

yvon justin cote 945 sq.ft • 2 bedrooms & 2 bathrooms Large covered balcony • Steps to the beach and shopping

soroush babaeian 680 sq.ft • 1 bedroom & bath View of street scape, Lost Lagoon Pets Allowed, Rental Allowed

$499,900

$409,000

$419,000

feature residential listing

5270 Kew Rd,WestVancouver

T

soroush babaeian

his gracious home contains 6 bedrooms, 2 baths and 2 kitchens, totaling 6230 square feet. It’s fully renovated with indoor pool and spa, hardwood floors, beautifully tiled bathroom, granite counter-top, stainless steel appliances, crown moldings and more. The home provides some ocean view and close proximity to the beach.

$1,690,000

5611 Goring St, Burnaby North

#1703

233 Robson St, Vancouver

#3006

farhood hashemian

soroush babaeian

1,278 sq.ft • 1 bedroom & 2 bathrooms Underground, visitor parking • South East corner unit Beautiful laminated floors, and tiles. Stainless steel appliances Close to shopping centre, Skytrain, and restaurants

498 sq.ft • Studio tv tower 2 Laminated floor

$578,000

$339,000

2725 Violet St, NorthVancouver

2727 Violet St, NorthVancouver

davor milidrag

davor milidrag

3,226 sq.ft • 6 bedrooms, 4 baths & 2 kitchens Two stories with basement • Custom built home Features elegant designer detailing throughout Fabulous gourmet kitchen

3,226 sq.ft • 6 bedrooms, 4 baths & 2 kitchens Two stories with basement • Custom built home Features elegant designer detailing throughout Fabulous gourmet kitchen

$998,000

$998,000

hossein ameli

soroush babaeian

justin yvon cote

naser fazli

farhood hashemian

davor milidrag

shiraz mohamed

hamidreza mokhtarian

nataliya pick

michael t. hickey

christopher howard

bruce keshavarz

marie magee

ron sanyal

james m. walker

leigh walker

soroush zonuzi

lino de marchi

our realtor®

Michael T. Hickey

F

or over 20 years, Michael Hickey has been a successful business broker selling small and large-scale establishments throughout British Columbia and Alberta. He began his career as a business owner despite acceptance letters to Law schools from well-known universities throughout North America. Michael knew his passion was to excel in the entrepreneurial industry and later share his insight and expertise with others—allowing clients to make sound investment decisions that would prove to offer great rewards. His personal experiences, commitment to clients, and market intelligence make him an asset to the real estate industry. More importantly, his ability to provide clients with accurate market analysis

Docetto Cafe

Baba’s Bakery

and offer extensive knowledge of contract and leases build client confidence. Michael is dedicated to ensuring his clients are satisfied with the end result and he achieves this by bringing dedication and integrity to every deal.

Michael has travelled to over 50 countries spending many years living abroad. His interests also include sports, literature, and film. He lives in beautiful Vancouver with his beautiful wife Jennifer.

If you are thinking about selling or buying a business, please contact Michael Hickey for a free appraisal at 604.762.6429.

Budget Blinds

2967 Broadway bb w, Kitsilano

1682 Davie St,West End

3916 Hastings St, Burnaby

michael hickey 530 Sq ft.

Additional seating on sunny patio Over $400/day in earnings

michael hickey 1,100 Sq ft.

Public Transit Nearby • High traffic area In business for 11 years

michael hickey Annual Sales of $360k Home-based Business must be relocated

$98,000

$99,000

$109,000

feature listing

Citrus Nightclub

20299 Industrial Ave, Langley

C

itrus Nightclub is located in the core of downtown Langley. With a reputation of having the biggest parties outside downtown Vancouver, it has been the local hotspot for trendy young adults for the last 25 years.

It is also a stop for up-and-coming djs and artists, giving the venue a classy atmosphere.

The total area is 10,000 sq.ft with a full industrial kitchen, highway access, and paved parking lot. The Citrus Nightclub currently has 1,600 paying members and is always packed on the weekends. This sale also includes liquor primary license for 436 seats and over $500K in equipment assets. Lease financing is available oac for $12.50 per sq.ft.

For more information please contact Michael Hickey at 604.762.6439.

$475,000

where do we go after

C

onsider it one of the few positives floating in a sea of negatives during the current recession. In a period beset by job losses, drops in home prices and lower consumer confidence, mortgage borrowing costs have dropped precipitously for buyers and owners. This has fueled a modest uptick in homeownership demand from early year lows and provided opportunity for some current owners to refinance at lower rates.

Figure 1

Mortgage Rates

% 7.6

1-Year Fixed Term Rate 5-Year Fixed Term Rate

7.2 6.8 6.4 6.0 5.6 5.2 4.8 4.4 4.0 3.6

Latest Data Point: 2009m5, Average of Weekly Data Source: Statistics Canada, bc Real Estate Association

2005

2006

2007

2008

Latest Data Point: 2009m5, Average of Weekly Data

Source: Statistics Canada, BC Real Estate Association

Since the end of April, posted mortgage rates have settled at decades low levels- precluding any discounts often offered by lenders to clients with preferred credit histories. The one-year borrowing cost on a fixed term mortgage fell to 3.9 per cent at the end of April, marking a 170 basis points (bps)

?

hitting bottom Mortgage Rate Forecast

2009 Term

source: bcrea 06/09

2010F

Q1

Q2E

Q3F Q4

Q1

1-Year 4.93

3.98

3.90 4.00 4.25 4.40 4.50 4.50

5-Year 5.93

5.45

5.90 6.00 6.10 6.25 6.25 6.35

decline since the end of 2008 (Fig.1).

The five-year fixed term mortgage rate fell to 5.25 per cent, down from 6.5 per cent during the same period.

These rock-bottom mortgage rates should move up in the quarters ahead—particularly for longer fixed term mortgages.

Existing households and new buyers with variable rate mortgages should see their borrowing rate remain flat until the second quarter of 2010. bcrea forecasts a 0.75 percentage point increase through 2010 as prime rates rise to meet changes in the Bank of Canada’s (BoC) target overnight rate. The BoC kept its target for the over-night rate at 0.25 per cent on June 4 after lowering it by a cumulative 425 basis points (bps) since December 2007 in a bid to spur economic activity during a deepening recession. The BoC stated that the target overnight rate

Q2

Q3

Q4

Average of weekly data source: Bank of Canada, bcrea Forecast

would likely stay at this level until the end of the second quarter in 2010, conditional on its inflation outlook. bcrea forecasts a cumulative rate increase of 75 bps by the end of 2010 as economic prospects improve and global interest rates rise from record lows.

Fixed term mortgage rates, which move closely with bond yields and deposit rates of similar maturity are expected to edge up this year and next but remain near record lows by historical standards. Longer-term bond yields have risen quickly since the first quarter of 2009 despite low shortterm rates, suggesting that the market expects higher inflation and interest rates in late 2010. However, bcrea forecasts a more modest rise in fixed term mortgage rates over the next two years as higher inflation expectations are tempered by a slower than expected economic recovery, an elevated Canadian dollar and weaker labour market.

Mortgage Cheat Sheet Mortgage Rate

Monthly Payment (for every $100,000 loan and 300 installments)

2% 2.25% 2.5% 2.75% 3% 3.25% 3.5% 3.75% 4% 4.25% 4.5% 4.75% 5% 5.25% 5.5% 5.75% 6% 6.25% 6.5% 6.75% 7% $424 $436 $449 $461 $474 $487 $501 $514 $528 $542 $556 $570 $585 $599 $614 $629 $644 $660 $675 $691 $707

Northland Laundry

The Narrow Lounge

111 12 St E, Central Lonsdale

1898 Main St,Vancouver East

michael hickey

michael hickey

700 Sq ft.

Many service contracts in place.

Room to expand business

2,200 sq.ft • Pub/lounge restaurant High traffic area • Visual exposure Many write-ups in local and national newsprint

th

$128,000

Dollar Deals and More

$179,000

The Pita Pit

601 Carnavon St, New Westminster

995 Granville St,Vancouver

michael hickey

michael hickey

2,500 sq.ft Over $700/day in sales Corner location, tons of walk-by traffic

2,000 sq.ft unit 2: 1805 Rosser Ave, Burnaby Fully serviced • High traffic area Positive cash flow

$219,000

$329,000

Bean Around the World

Star Taxi

255 Powell St,Vancouver East

31 7 Ave South, Cranbrook South

michael hickey

michael hickey

656 sq.ft High traffic location Very lucrative, very busy owner/operator coffee shop

includes 27 passenger transport licenses 33 vehicles including a 23 passenger bus High traffic area • Visual exposure

th

$349,000

Sweet Beginnings Wedding

#105

1307 Broadway,Vancouver West

$349,000

Nanaimo Athletic Club

1451 Bowen Rd, Nanaimo

michael hickey

michael hickey

Very profitable wedding consulting franchise Includes contracts with 14 franchise locations $100K of rental inventory.

Vancouver location & the franchise for sale: $374,000

1,600 paying members. includes over $500K in equipment assets.

Lease financing available oac

$189,000

$499,000

Fitness Unlimited

Retail Space

150, 2511 no.5 Rd, Richmond

12155 191b St, Pitt Meadows

michael hickey 2,000 active members, $56,000/month new equipment & renovations ($700K) Highway access

michael hickey 7,254 sq.ft Fully air conditioned Airport nearby, high traffic area

#

$599,000

Office Lease

212 998 Harbourside Dr, NVan

#

davor milidrag 1,522 sq.ft • Kitchen & bathroom Reception, 4 offices, 6 cubicles Beautifully furnished

$990,000

$19.00/sq.ft

helpful homebuyer tips

by JamesWalker

zOffer & Sale Processå negotiating an offer: • Clients require their real estate professional to possess exceptional negotiating skills to obtain the best possible price, dates and terms. A realtor needs to be educated, display the utmost confidence, experience, knowledge of the property, costs of improvements and market along with the opposition’s weakness. Negotiating offers comes with practice and life experience, not from a school book.

When representing a seller or buyer it is the realtor’s job to orchestrate the process and offer guidance to the party they represent. This process begins from the time the buyer views the property, during the home inspection and subject removal until the deposit is received. offer process: • Generally the buyer’s agent writes an offer, then contacts the seller’s agent to discuss how the offer should be presented.

• Most offers are presented by the buyer’s agent to the seller’s agent and the seller. Sometimes a buyer’s agent will simply fax or email their offer to the seller’s agent to present.

• When a buyer’s agent is presenting the offer in person, all

•

parties will either meet at the seller’s real estate office or home and sit around a table in a business setting.

The buyer’s agent presents the offer, then will leave the room for the sellers to discuss the situation with their agent, possibly accept, counter or reject the offer

deposit and solicitor visit: • Once the contract is accepted, the home inspections, financing and conditions are removed the deposit typically 5 % to 10% of the purchase price is deposited into the buyer’s agent’s real estate company’s trust account and held as stake holder.

• The real estate companies forward contract documents through to the buyer or seller’s choice of solicitor. The buyer’s solicitor prepares the transfer and the seller’s solicitor checks the documents. Buyers and sellers set an appointment 1 to 3 days prior to completion to executive said documents.

To receive your own copy of Helpful Homebuyer Tips From JamesWalker or to request one for friends and family please call my 24 hour recorded message at:

1-888-388-4358 ext. 23