VANCOUVER RENTAL PROPERTIES
Specializing in connecting extraordinary properties with extraordinary tenants. See page 6
REAL ESTATE NORTH VANCOUVER
JUNE 2018 • www.REGBC.ca
Sensational Brand New Ultra-Luxury Modern “Dream Home” Steps from Edgemont Village.
2833 Aurora Road, North Vancouver Bedrooms: 5
Bathrooms: 6
House: 4,593 sq ft
$4,188,000
Lot Size: 8,500 sq ft
English 中文 amirmiri.com
A DIFFERENT APPROACH, A BETTER PRICE! Great strategies for Sellers and Buyers
Searching for an amazing town home? 3,141 sq ft for
BEST DEAL IN TOWN !
$900,000
#4 - 41488 BRENNAN ROAD, Squamish, BC HOT NEW PRICE! TRULY UNIQUE SPECTACULAR country setting with woodlands as a backdrop, mountain views & easy access to miles of trails & beach, part of a 3.84 acre strata, the south facing backyard (perfect for growing veggies) borders the forest & Fisherman’s Park to the west. PRIVATE & QUIET, the split level floor plan is distinctly flexible with 4 bdrms incl. master on main, large kitchen, pantry, living room, den & dining room & loft; plenty of room for guests or extended family. PARKING FOR 6 VEHICLES! Large side-by-side dbl garage + extra open parking, tons of storage, hot tub, maintenance of the yard & landscaping, siding, roof, windows are included in the strata fees. Rivendale homes have remaining warranty, if you are looking for a large home but turn-key. BEST DEAL IN TOWN!
• 3,141 sqft • 4 Bedrooms + Den + Loft • 3 Full Bathrooms • Huge Family Room • Hot Tub • Side x Side Garage + Open Parking for RV or Boat
604-306-8911
candice@candicedyer.com | www.candicedyer.com This is not intended to solicit properties already listed for sale with a real estate brokerage or induce any party to breach a buyer or seller agreement
2
North Vancouver Real Estate Guide | June 2018 | www.REGBC.ca
E
REC
D
OL
S NT
Offered at
Ju
$6,980,000
985 Eyremount Dr. W Van 5 Bed / 7 Bath House: 5,748 sqft Lot: 12,633 sqft
$6,798,000
Offered at
1138 Eyremount Dr, W Van 5 Bed / 3 Bath House: 3,200 sqft Lot: 17,113 sqft
$5,888,000
516 Hadden Dr, W Van House: 6,328 sqft
5 Bed / 7 Bath Lot: 19,166 sqft
L SO
Offered at
8
T JUS
D
S
8
01 N2
I
Offered at
6 Bed / 7 Bath Lot: 13,284 sqft
$4,188,000 2833 Aurora Road, N Van House: 4,593 sqft
5 Bed / 6 Bath Lot: 8,500 sqft
Offered at
Offered at
Ju
$2,988,800 87 Bonnysmuir Drive, WVan 7 Bed / 4 Bath Lot: 13,084 sqft House: 3,223 sqft
N DI
SO
Offered at
355 W 28th Street, N Van House: 3,184 sqft
T JUS
4 Bed / 4 Bath Lot: 4,026 sqft
D
L SO
Offered at
$999,800
1404 - 1323 Homer St., Van 1 Bed / 1 Bath House: 732 sqft
Ju
$4,588,888 1356 Fulton Ave, W Van House: 4,365 sqft
3 Bed / 3 Bath Lot: 7,320 sqft
$2,098,000
11-2555 Skilift Road, W Van 4 Bed / 4 Bath House: 2,645 sqft le act -Sa ntr Pre r Co de Un
LD
SO
ed
ist
ice
Offered at
Offered at
$994,900
3606 - 1888 Gilmore Ave, Bby House:1,253 sqft 2 Bed / 2 Bath
$2,448,000
1521 Fintry Place, N Van House: 2,455 sqft
4 Bed / 3 Bath Lot: 5,998 sqft
Offered at
$2,298,000
910 Burley Dr, W Van House: 1,821 sqft
4 Bed / 2 Bath Lot: 7,060 sqft
ed
Offered at
LD
SO
SO
$1,698,000
429 W 27th Street, N Van 4 Bed / 2 Bath Lot: 6,750 sqft House: 2,318 sqft
018
2 IN
$2,998,000 363 W 28th Street, North Van 5 Bed / 6 Bath Lot: 6,030 sqft House: 4,500 sqft
Pr
LD
Offered at
5 Bed / 5 Bath Lot: 6,810 sqft
N
TS JUS
$2,178,000
ed
$3,680,000
ist
L st
Ju
8
201
ew
$2,590,000
980 Jefferson Ave, W Van House: 2,233 sqft
ed
ist
L st
Offered at
568 St. Andrews Place, WVan 4 Bed / 3 Bath Lot: 17,808 sqft House: 2,775 sqft
ed
$2,988,000
Offered at
5 Bed / 5 Bath Lot: 6,710 sqft
$5,988,000
ist
L st
$4,680,000
2165 Mathers Ave, W Van House: 4,081 sqft
$3,999,000
1565 19th Street, W Van 5 Bed / 3 Bath House: 2,950 sqft Lot: 12,622 sqft
ist
L st
Ju
DI
Offered at
2630 Chairlift Dr, W Van 5 Bed / 6 Bath House: 5,426 sqft Lot: 10,970 sqft
Ju
L
D OL
8
01 N2
L SO
$4,788,888
579 St. Giles Rd, W Van House: 5,111 sqft
4 Bed / 7 Bath Lot: 13,068 sqft
L st
601 & 602-150 24th St, W Van House: 1,298 sqft 2 Bed / 2 Bath
Offered at
D OL
$6,780,000 1665 Ottawa Ave, WVan House: 6,275 sqft
ed
$4,375,000
L SO
$6,798,000
ist
Ju
Offered at
$4,880,000
4763 Caulfeild Dr, W Van 4 Bed / 5 Bath House: 4,996 sqft Lot: 17,180 sqft
L st
241 Bayview Rd, Lions Bay 7 Bed / 7 Bath Lot: 22,781 sqft House: 6,938 sqft
Offered at
4313 Rockridge Rd, W Van 5 Bed / 7 Bath House: 5,748 sqft Lot: 12,633 sqft
01 N2
DI
Offered at
ed
ist
L st
018
2 IN
018
2 IN
Offered at
$1,788,000
527 W Kings Road, N Van House: 1,895 sqft
2081 Flynn Place, N Van House: 3,008 sqft
LD
$588,000
303-1273 Marine Dr., N Van House: 720 sqft 2 Bed / 1 Bath
508 - 1030 W Broadway, Van 1 Bed / 1 Bath Mountain/City View House: 483 sqft
ROYAL PACIFIC REALTY GROUP 202 - 1555 Marine Drive, West Vancouver BC V7V 1H9
$1,780,000 5 Bed / 4 Bath Lot: 6,500 sqft
ed
$599,000
Offered at
Offered at
ist
L st
Ju
2 Bed / 1 Bath Lot: 7,808 sqft
LD
SO
018
2 IN
SO
018
2 IN
Offered at
$579,000
1006 - 1320 ChesterďŹ eld Ave, N Van House: 565 sqft 2 Bed / 1 Bath
2014, 2015, 2016, 2017
www.13233pottslane.com
www.robertscreekclassic.com
550 Feet Lowbank Waterfront
High End Custom Home, Roberts Creek
Fabulous low bank waterfront residence with 200 degree ocean views. 5450 sq ft custom built West Coast timber frame with separate carriage house dwelling on one of the most private waterfront settings in Pender Harbour. Over 2000 sq feet of decking, outdoor kitchen & spa, 4 fireplaces, workshop, elegant home office, king size master suite, new decks & docks to accommodate 65 ft & 105 ft yachts plus ample room for 4 or 5 others. Separate 45 ft float plane dock makes for easy commutes. Complete privacy. Truly a home like no other. Too many details to list. Call for further information
Located at the end of a quiet cul de sac just minutes from the Roberts Creek school is a beautifully constructed 1,935 sq ft high end custom built home. High quality finishing with too many features to list. Main floor master suite w/ ensuite, 3 bedrooms up, 3 bathrooms, radiant in floor heat, gourmet kitchen. Stunning gardens & fenced yard. Zoning allows for additional home/cottage with potential for subdivision. Full 6 ft heated storage downstairs. A perfect home. Shows 10/10.
$4,988,000
$1,290,000
LD
SO
www.fabwestcoast.com
6259 Sunshine Coast Highway, Sechelt
View Home in Great Location
Almost 4000 developed sq ft in this Waterfront West Coast Post & Beam Home + Suited Carriage House w/revenue. Beautiful Craftsmanship w/incredible attention to detail. Located 5 minutes to the shops & services of Sechelt with a gorgeous beach w/excellent access & beachside sundeck. Fabulous South & West exposure with full on ocean & island views. Lovely gated property with tall mature cedars, spacious home theatre, Hot Tub on Patio, RV parking, and oversized double garage. Numerous decks and patios that takes in incredible views. Priced to sell.
Located on a quiet cul-de-sac in upper Gibsons this home enjoys beautiful ocean & island views, open living areas, hardwood floors, two-sided wood burning fireplace and a wall of windows. The main floor features 3 bedrooms with a 2 bedroom & den fully self-contained suite on the lower level. Both upper and lower level suites are currently tenanted for a total of $2594./month. Walking trail just to the back of the property makes for an easy walk to shops, schools & bus route. 24 hours notice required for all showings.
$2,195,000
$839,000
W
NE
ICE
PR
W
NE
G
TIN
LIS
www.6281homestead.com
West Sechelt Immaculate Home
Davis Bay View Home
West Sechelt Rancher
This home is over 1800 sq ft with three bedrooms on the main floor and a large bonus room on the upper level that could easily be turned into a fourth. Open concept kitchen and living room with a large island and warm natural gas fireplace to enjoy. The main level master is spacious with walk-in closet and bathroom featuring a large accessible shower. The very private backyard is fully fenced with a large hot tub, pergola & storage shed. Spacious double garage with additional storage and workshop space. Located in a wonderful area of family homes, close to schools and walking trails
First time on the market for this 1200 sq ft 3 bedroom, 1 bathroom view rancher on Laurel Avenue in Davis Bay. Situated on a 70’ x 149’ nicely landscaped lot, the house enjoys sunny south exposure and a large deck to take in the ocean views. 5 minutes to shops & services. Close to the seawall.
$749,000 $719,000
1402 sq ft - this 2006 built 3 Bedroom 2 Bathroom Rancher is located in West Sechelt and currently rented with excellent tenants. Gas fireplace, 6 appliances, irrigation system, double garage. Nicely landscaped and fully fenced with great curb appeal. Covered porch. Located near schools, parks, biking & hiking trails - this is a great starter or family home. Located 5 minutes from Sechelt.
$629,000
$529,000
www.tagstownhouse.com
Gibsons Ocean Esplanade Lot Over .5 acre - 21,700 sq ft lot across from the water on popular Ocean Beach Esplanade. A perfect place to invest or build your dream home or cottage. Enjoy all day sunshine and wonderful views along with one of the nicest stretches of beach on the Sunshine Coast. Located close to Gibsons’ shops, services & the ferry allow for easy access for commuters or folks wanting a close get-away from the Lower Mainland. Rarely do lots with this kind of location come available.
Cypress Ridge Townhome
Madeira Park Home
Beautiful 1357 sq ft end unit in Cypress Ridge, brightened with extra windows & two skylights. Beautifully renovated & lovingly maintained w3 bedrooms, 2 bathrooms & 3 decks. Spacious master bedroom offers an ocean view & balcony. Single garage & plenty of storage space - Minutes to shops & services, marinas & golf course. Shows a perfect 10/10.
Easy walk to town from this nicely updated 4 bedroom, 2 bathroom family home on a private & tiered half acre lot close to shops, schools & recreation. Zoned residential & auxiliary commercial with 100 feet of frontage on Madeira Park Road. Lots of updates including roof, flooring, bathrooms & deck. Small water view of the harbour from the deck. Perfect getaway or investment property. Prime holding property in the heart of Madeira Park. Home is currently tenanted.
$499,000
$479,000
$449,000
4
North Vancouver Real Estate Guide | June 2018 | www.REGBC.ca
THYRA MCKILLIGAN RE/MAX Masters Realty 1453 Bellevue Ave West Vancouver, BC, V7T 1C3
THYRA MCKILLIGAN REALTOR AND RESIDENT
604.306.2355 THYRAMCKILLIGAN.COM
25 YEARS ON THE NORTH SHORE
NEW PRICE, WATER FRONT, BUILD YOUR DREAM HOME
NEW LISTING
60 PERIWINKLE PLACE, LIONS BAY $3,200,000
NEW LISTING
52 BRUNSWICK BEACH, LIONS BAY $2,700,000 Waterfront building lot! An amazing opportunity to build your dream home, in this peaceful beach front neighborhood! Offering lowbank beach access, and stunning west facing views of Howe Sound, this type of property is rarely available. Kayak Paddle, swim or Beachcomb from your back door. Enjoy the magic of watching whales, seals & eagles in this stunning natural setting. Lions Bay offers a warm & welcoming community all within 15 minutes of West Vancouver. Current zoning allows floor area of 4,115 sqft Plus 430 sqft garage. Information package available on request. MLS® # R2198425
242 PANORAMA PLACE, LIONS BAY $2,070,000
NEW PRICE
275 OCEANVIEW ROAD, LIONS BAY $1,699,000
90 ISLEVIEW PLACE, LIONS BAY $1,945,000
20 KELVIN GROVE WAY, LIONS BAY $1,798,000
190 MOUNTAIN DRIVE, LIONS BAY $2,290,000
2150 CYPRESS STREET, KITSILANO $1,695,000
NEW LISTING
325 BAYVIEW PLACE, LIONS BAY $1,720,000
Display Advertising Inquiries 778-991-7054
5
Rent Your Home With
Two Great Locations. One Great Company. North Vancouver
West Vancouver
101-2609 Westview Drive
1453 Bellevue Avenue
North Vancouver BC V7N 4M2
West Vancouver BC V7T 1C3
www.vancouverrentalproperties.com | 778-985-rent (7368) |
6
North Vancouver Real Estate Guide | June 2018 | www.REGBC.ca
|
Professional, Friendly, Sincere, Efficient!
专业, 友好, 诚信,高效 !
Yannica Dai
778-886-9198
戴燕 PREC REALTOR® I live in North Vancouver and have a great passion in Real Estate!
Real Estate Services Ltd.
yannicadai@yahoo.com www.canadavancouverhomes.com Wechat ID: Yannicadai
2016
Fluent in English & Mandarin
3363 Duval Rd, Lynn Valley, North Vancouver
国语， 英语流利
2182 Rufus Dr, West Lynn, North Vancouver
G
IN
NE
W
T LIS
$2,468,800
$1,549,000
Almost New House with Great Design at a Super Location!
A Nice Looking House on a Beautiful Flat Lot
Yr. 2015 • House 4,000 sq.ft. • Lot 6,000 sq.ft. • 7 Bedroom • 6 Bathrooms • • • •
4 bdrm upstairs w 3 bathrms One bdrm w a full bath on main floor Lots of storage space 2 bdrm legal suite
• Sunny flat enclosed backyard • Two-minute walk to Brockton School, • Near Lynn Canyon & Lynn Valley Shopping ctr.
Yr. 1983 • House 2,294 sq.ft. • Lot 8,000 sq.ft. • 4 Bedroom • 3 Bathrooms • • • •
4 generous sized bdrms upstairs Open floor plan w bright kitchen + family room Flat and completely usable front + back yard South facing big sunny backyard
• Huge two car garage • Near Lynn Valley Ctr, easy to get on Hwy 1. • Safe and friendly neighborhood
JONATHAN SHANDLER www.shandler.ca 604.250.1433
Each office Independently Owned & Operated
NEW LISTING
306-365 East 1st Street • $748,900
813 East 5th Street • $1,699,900
4575 Epps Avenue • $6,380,000
2 Bedrooms • 841 sq.ft.
6 Bedrooms • 2,833 sq.ft.
5 Bedrooms • 4,042 sq.ft.
SOLD
SOLD
SOLD
1972 Hyannis Drive • $1,378,000
229 East 17th Street • $1,348,000
1017 Arlington Crescent • $1,998,000
4 Bedrooms • 2,182 sq.ft.
3 Bedrooms • 2,013 sq.ft.
3 Bedrooms • 2,098 sq.ft.
Display Advertising Inquiries 778-991-7054
7
EXCELLENCE IN THE LUXURY HOME MARKET
604.817.8812 NEW LISTING
WATERFRONT
14+/- ACRES 2 RESIDENCES 374 SMUGGLERS COVE RD., BOWEN ISLAND $19,998,000
NEW PRICE
2,891 SQ. FT. 2910 ALTAMONT CRESCENT
5 BEDROOMS $3,998,000
4,848 SQ. FT. 2308 KADLEC COURT
5 BEDROOMS $4,998,000
3,525 SQ.FT. 5596 WESTHAVEN ROAD
4 BEDROOMS $2,598,000
3,937 SQ. FT. 5436 WEST VISTA COURT
4 BEDROOMS $7,988,000
VIEW
5,325 SQ.FT. 3645 MCKECHNIE AVENUE
5 BEDROOMS $5,998,000
INCLUDES LANEWAY RESIDENCE
3,227 SQ. FT. 4695 W 9TH AVENUE, VAN
5 BEDROOMS 3,163 SQ. FT. $4,488,000 4691 W 9TH AVENUE, VAN
3,613 SQ.FT. 5764 LARSON PLACE
4 BEDROOMS 340 ACRES FAWNBLUFF.COM $3,998,000 1 FAWN BLUFF COVE, BUTE INLET, BC $28,800,000
8
WATERFRONT
INCLUDES LANEWAY RESIDENCE
5 BEDROOMS $4,488,000
1,948 SQ. FT. 3 MONTIZAMBERT WYND
3 BEDROOMS $2,880,000
2,789 SQ. FT. 148 STONEGATE DRIVE, FURRY CREEK
3 BEDROOMS $1,711,000
North Vancouver Real Estate Guide | June 2018 | www.REGBC.ca
NEW LISTING
12,369 SQ.FT. 1670 SOUTHBOROUGH DRIVE
NEW LISTING
6 BEDROOMS $17,280,000
NEW LISTING
3,293 SQ. FT. 6242 ST GEORGES CRESCENT
5,787 SQ.FT 3056 PROCTER AVENUE NEW LISTING
4 BEDROOMS $5,350,000
5,030 SQ. FT. 5463 INDIAN RIVER DRIVE, NV
NEW LISTING
5 BEDROOMS 1,577 SQ. FT. $15,998,000 #309 – 1355 BELLEVUE AVENUE WATERFRONT
2 BEDROOMS $2,998,000 VIEW
4 BEDROOMS 2,526 SQ. FT. $4,698,000 6844 COPPER COVE ROAD
3 BEDROOMS $2,998,000
WATERFRONT TOWNHOME
2,221 SQ. FT. 38 BEACH DRIVE, FURRY CREEK
2 BEDROOMS $1,598,000
2,759 SQ. FT. 2720 ROSEBERY AVENUE
4 BEDROOMS $2,998,000
2,796 SQ. FT. 1074 FULTON AVENUE
2 BEDROOMS $2,298,000
3 BEDROOMS $2,995,000 RIVERFRONT
WATERFRONT TOWNHOME
2,476 SQ. FT. 52 BEACH DRIVE, FURRY CREEK
3,439 SQ. FT. 2337 MARINE DRIVE
3,439 SQ. FT. 2349 LAWSON AVENUE
3/4 BEDROOMS 5,354 SQ.FT. $3,998,000 1390 CAMRIDGE ROAD
3/4 BEDROOMS $3,548,000
6,050 SQ. FT. 5 BEDROOMS 40813 GOVERNMENT ROAD, SQUAMISH $5,498,000
6 BEDROOMS $4,498,000
3,939 SQ.FT PLUS 1,269 SQ.FT. UNFINISHED 4 BEDROOMS 4860 THE DALE $2,998,000
Display Advertising Inquiries 778-991-7054
9
NEWS
Metro Vancouver Real Estate Guide Inc. • June 2018
Fraser Valley REALTORS® seek Safe Grow Homes for Homeowners and Buyers Fraser Valley Real Estate Board May 17th, 2018 Surrey, BC - The Fraser Valley Real Estate Board (FVREB) has launched Safe Grow Homes (SafeGrowHomes.ca), an online resource to help homeowners and buyers understand the potential impact of growing cannabis in a home. Set to be legalized later this year, Canadians will be allowed to grow up to four cannabis plants in their home. Fraser Valley Realtors are concerned that without sufficient direction and support from government, their clients may unknowingly be at risk when it comes to their largest investment. With Safe Grow Homes, the FVREB wants to provide greater context on the potential risks related to growing cannabis that homeowners and buyers could face, and provide a resource of information to help them make informed decisions. “Right now, there is a significant lack of clarity and information surrounding legal growth in the home – especially in regards to what is considered a healthy, safe standard,” said John Barbisan, President of the Board. “Our government needs to ensure that the public is aware of and has access to guidelines, restrictions, and proper processes so that they can make smart decisions when it comes to cannabis.”
For more information, visit SafeGrowHomes.ca. To help establish a framework where homeowners and those looking to purchase a home would have their investment protected, Fraser Valley Realtors have outlined three recommendations for government: Further define the requirements for growing cannabis safely in homes Create a province-wide system for maintaining and accessing information on the status of illegal grow homes
Outline a process whereby unsafe grow homes can be restored to healthy homes “Growing cannabis in the home will have a considerable impact on home ownership and the real estate landscape. Through more comprehensive support and policies from government, our clients will be able to feel confident that the home they own or want to buy is safe.”
LAWN WATERING REGULATIONS
Metro Vancouver
STAGE 1 RESIDENTIAL REGULATIONS
NON-RESIDENTIAL LAWN WATERING REGULATIONS
Stage 1 seasonal watering regulations are in effect May 1 to October 15. Watering is allowed during certain times:
Stage 1 non-residential watering is allowed during certain times: • Even addresses: Mondays between 1–6 a.m. and Fridays between 4–9 a.m. • Odd addresses: Tuesdays, 1 a.m.–6 a.m. and Fridays 4 a.m.–9 a.m.
RESIDENTIAL LAWNS: • Even addresses: Wednesdays and Saturdays, 4–9 a.m. • Odd addresses: Thursdays and Sundays, 4–9 a.m. TREES, SHRUBS AND FLOWERS:
• Watering trees, shrubs and flowers is permitted any day from 1–9 a.m. if using a sprinkler, or any time if hand-watering or using drip irrigation. In cases of mixed zoning, where commercial or industrial components are included on the same property as residential, the property is designated as “Non‐Residential.”safe.”
• Sprinklers:: 4–9 a.m., any day • Hand watering, soaker hose or drip irrigation: anytime VEGETABLE GARDENS: • Anytime
10
North Vancouver Real Estate Guide | June 2018 | www.REGBC.ca
NEWS
Metro Vancouver Real Estate Guide Inc. • June 2018
Variable rate mortgages may offer savings for borrowers in current environment David Paddon, The Canadian Press May 24th, 2018
TORONTO – Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead -- leaving Canadian mortgage borrowers struggling to interpret the mixed messages. The Bank of Canada has raised its trend-setting interest rate once this year and is expected to do so at least once more before the end of 2018. When interest rates rise, banks are inundated with demand for fixed rates, so borrowers can lock in their rates. As a result, Canada’s lenders are working to attract borrowers to variable-mortgage rates, which are tied to the fluctuations of the central bank’s overnight rate. They are offering special rates as low as 2.45 per cent for May, some of the biggestever widely advertised discounts advertised by the big banks. At the same time, they have increased the rates of their fixed-rate mortgages. Even in this rising interest rate environment, experts suggest current variable-rate options are attractive when compared to fixed-rate mortgages. “Up until recently, when asked, I had been favouring the fixed over the variable,” said Dave Larock, president of Integrated Mortgage Planners Inc. in Toronto. His attitude changed after fixedrate mortgages became more expensive in response to higher bond yields and variable-rate mortgages got cheaper due to competition among lenders. As a result, the gap between the available rates from the 15 lenders Larock consults widened to nearly one full percentage point, with the five-year variable rate at 2.45 per cent and five-year fixed rate at 3.39 per cent. “That’s your margin of safety,” Larock said. “That’s how far variable has to rise before you’re paying more than the fixed rate.” Larock cautioned there are plenty
of warnings that the Bank of Canada’s influential overnight rate will be going up again this year -- a move that would quickly push up the cost of a variable-rate mortgage. But he said it’s debatable whether the central bank will act as quickly as economists anticipate, adding it’s statistically unlikely that the overnight rate will go only upward over the next five years, given historical trends going back 28 years. “Even if rates go up first, there’s a very reasonable chance that at some point they’ll drop (again).” As a result, borrowers could very well end up paying less total mortgage interest over the next five years by choosing a variable rather than fixed rate, Larock said. But some argue it’s unwise to become too focused on securing the lowest available interest rate. “You might actually not be doing what’s right for you, given all of the things that are around the financial
needs of you or your household,” said Stephen Forbes, a CIBC executive vice-president whose role includes personal banking. Forbes pointed to a client in Toronto who initially wanted to borrow $800,000 through a variable mortgage to help pay for a $1.6 million house. “Her only focus was on rate. She wanted the lowest rate possible,” Forbes recalled. But the client changed her mind after taking a broader look at the situation, including her household income, non-mortgage debt, children’s ages, and her and her husband’s lifestyle aspirations.
debts in line of credit at a lower rate. There are times when a variable rate mortgage is the perfect decision for a borrower, Forbes said, but that depends on the individual’s circumstance and their ability to cope if the variable-rate mortgage becomes more expensive. “What I see sometimes that worries me is when people use a variable rate mortgage as a lever to borrowing more -- hoping that rates will not change down the road.” There are ways for people with variable-rate mortgages to protect themselves from a higher interest rate, Larock said.
The fixed-rate option provided her the certainty she wanted over knowing what her rate would be for the foreseeable future, he said.
Borrowers can structure their household budget to be able to pay the higher fixed-term rate for the next five years -- even if the variable mortgage’s rate is lower, he said.
In the end, Forbes said the client opted to borrow only $650,000 with a fixed-rate mortgage -- not variable -- and also consolidated non-house
“Instead of just pocketing the extra cash ... plow that savings back into the mortgage to pay if off more quickly.”
Display Advertising Inquiries 778-991-7054
11
NO PROPERTY IS HARD TO SELL English | 國語 | 粵語 |
604 899 9999
Team Leader
1
Team Leader
Team Leader
Personal Real Estate Corporation
Personal Real Estate Corporation
Personal Real Estate Corporation
#
1
Team Ranked in REBGV 2017
Sam Chen 陳崇森
1345 WHITBY ROAD, W. Van Yr: 2006 Bed: 5
Lot: 13,966 sq.ft. Bath: 6
$10,880,000 Home: 7,457 sq.ft. Kitchen: 1
933 EYREMOUNT DRIVE, W. Van Yr: 1958 Bed: 5
Lot: 26,585 sq.ft. Bath: 3
769 WESTCOT PLACE, W. Van Yr: 1957 Bed: 4
Lot: 15,618 sq.ft. Bath: 3
$4,890,000
Home: 3,870 sq.ft. Kitchen: 1
$3,380,000 Home: 2,623 sq.ft. Kitchen: 1
8540 CITRUS WYND, W. Van Yr: 2015 Bed: 5
Lot: 14,294 sq.ft. Bath: 6
$6,280,000 Home: 5,868 sq.ft. Kitchen: 1
2111 OTTAWA AVENUE, W. Van Yr: 2012 Bed: 5
Lot: 7,247 sq.ft. Bath: 5
$4,788,000
Home: 3,796 sq.ft. Kitchen: 2
771 WESTCOT PLACE, W. Van Yr: 2018 Bed: 8
Lot: 13,190 sq.ft. Bath: 8
Yr: 2016 Bed: 8
Lot: 13,167 sq.ft. Bath: 8
Ken Cui 崔長斌
$5,988,000 Home: 6,252 sq.ft. Kitchen: 2
1360 OTTABURN ROAD, W. Van
1
$4,680,000
Home: 5,865 sq.ft. Kitchen: 2
2255 CHAIRLIFT ROAD, W. Van Yr: 2001 Bed: 6
Lot: 16,533 sq.ft. Bath: 6
198 STEVENS DRIVE, W. Van Yr: 1954 Bed: 6
Lot: 26,707 sq.ft. Bath: 4
1032 ESPLANADE AVENUE, W. Van $3,198,000
460 MACBETH CRESCENT, W. Van $2,880,000
72 GLENMORE DRIVE, W. Van
Yr: 2000 Bed: 5
Yr: 1957 Bed: 3
Yr: 1955 Bed: 2
Lot: 7,955 sq.ft. Bath: 4
Home: 3,391 sq.ft. Kitchen: 2
Lot: 21,780 sq.ft. Bath: 2
Home: 2,652 sq.ft. Kitchen: 1
Lot: 14,019 sq.ft. Bath: 3
$5,880,000
Home: 6,007 sq.ft. Kitchen: 2
$3,498,000 Home: 4,040 sq.ft. Kitchen: 2
$2,000,000 Home: 2,192 sq.ft. Kitchen: 0
1
Benson Lee 李濱
2367 NELSON AVENUE, W. Van Yr: 1955 Bed: 6
Lot: 9,000 sq.ft. Bath: 5
1394 CAMRIDGE ROAD, W. Van Yr: 1974 Bed: 5
Lot: 14,560 sq.ft. Bath: 3
754 REGAL CRESCENT, N. Van Yr: 2017 Bed: 5
Lot: 6,783 sq.ft. Bath: 6
$5,498,000
Home: 4,560 sq.ft. Kitchen: 1
$3,480,000
Home: 3,746 sq.ft. Kitchen: 1
$3,490,000 Home: 4,654 sq.ft. Kitchen: 3
and more... 4169 ST. GEORGES AVENUE, N. Van $2,768,000
4541 MAPLERIDGE DRIVE, N. Van $2,068,000
656 W 17TH STREET, N. Van
Yr: 2011 Bed: 5
Yr: 1979 Bed: 3
Yr: 1979 Bed: 3
Lot: 5,350 sq.ft. Bath: 5
Home: 3,442 sq.ft. Kitchen: 2
Lot: 9,600 sq.ft. Bath: 3
Home: 2,534 sq.ft. Kitchen: 1
Lot: 2,973 sq.ft. Bath: 3
$1,398,000 Home: 1,228 sq.ft. Kitchen: 0
824 INDIAN ARM, N. Van Yr: 2010 Bed: 3
Lot: 85,600 sq.ft. Bath: 3
$998,000 Home: 1,336 sq.ft. Kitchen: 1
Nu Stream Realty Inc. | #101 - 5701 Granville Street, Vancouver, BC V6M 4J7 | #100 - 4555 Kingsway, Burnaby, BC V5H 4T8 | www.nustreamrealty.com | sales@nustreamrealty.com 1. Medallion Club Award: SAM CHEN: 2017 Medallion Club (Team Leader) | KEN CUI: 2017 Team President’s Club (Team Leader) | BENSON LEE: 2017 Team President’s Club (Team Leader) | Other data are based on the date of May 25th, 2018. This communication is not intended to cause or induce breach of an existing agency agreement. The enclosed information, while deemed to be correct, is not guaranteed. Printed on May 28th, 2018.