Friday, February 3, 2012 Got $12 million? Here's a home!by Dale McGauran on Fri, Feb, 3, 2012 12:02 PM Mansion may be the most expensive residence ever put up for sale in Burnaby Beauty in Burnaby: This Burris Street home is listed on Sotheby's realty division for $12.8 million. It sits on a 60,000 square foot gated property.
Words like 'spacious' and 'private' are commonly used in real estate descriptions, but for a Burnaby property currently listed with Sotheby's, those aren't just catchphrases. With 14,000 square feet sitting on a gated 60,000 square foot property, the Burris Street mansion is certainly both spacious and private - but with a price tag to match. At $12.8 million, it's not the most expensive residential listing in the Vancouver region (that would be a West Vancouver property listed on MLS for $39 million) but it's at the top of the pack in Burnaby, with the next highest current MLS listing in this city coming in just shy of $5 million. "To my knowledge, it is the highest in Burnaby (historically), by quite a ways - it's built like no other home," said Jamie MacDougall, a... Thursday, February 2, 2012 This home came with a funny smell!by Dale McGauran on Thu, Feb, 2, 2012 10:12 AM Four years ago, Wanda Bourdages bought her first home in Saskatoon, taking possession on May 1, 2008. Soon after taking ownership, Wanda noticed a very powerful odour coming from the basement. It turned out that a board was blocking an unused coal chute and behind the board, in the chute was a foul-smelling black mould. When Bourdages visited the house with her agent before making an offer, she didn’t detect any unusual odours. A few months later, Bourdages did what she thought was a minor renovation in the bathroom. The contractor found that the sub-floor was rotten, with more black mould. In the end it cost Bourdages more than $8,000 to get rid of the mould in both places. She sued the seller and her real estate agent for the cost of the repairs in a case decided last spring. Her main contention was that the seller knew about these problems and should have disclosed them and her agent should have protected her. On the surface it seems she had a good case, but the judge ruled against... Wednesday, February 1, 2012 I have sold a property at 202 1055 RICHARDS ST in Vancouverby Dale McGauran on Wed, Feb, 1, 2012 04:04 AM
I have sold a property at 202 1055 RICHARDS ST in Vancouver.
Downtown world-class living at the DONOVAN - Georgie Award winning
building by Cressey in the heart of Yaletown. Sleek luxurious 1 bedroom
& den with a PRIVATE 400 SQ. FT. PATIO for additional outdoor
landscaped living space. State-of-the-art, gourmet kitchen with Miele
stainless steel appliances including gas range, granite countertops,
stunning backsplash, undermounted sink & pantry. Rich wide-plank
hardwood floors, designer fixtures, contemporary finishings to satisfy
the most decadent tastes while this innovative layout, custom closet
built-ins, geothermal heating & cooling & insuite laundry
appeal to the practical.
Additional Features:
- 1 parking, 1 storage locker, balance of 2-10-10 warranty.
- Exceptional amenities include a 3,000 sq. ft. fitness/yoga
center, sauna/steam room, large entertainment lounge & rooftop
terrace.
- Live steps away from fine dining, cafes, boutiques,...
Tuesday, January 31, 2012 Housing bubble is really a balloon: BMO's Sherry Cooperby Dale McGauran on Tue, Jan, 31, 2012 08:55 AM OTTAWA — It's not a bubble, it's a balloon. Unlike the catastrophic decline the U.S. housing market experienced in 2008, Canada's housing market is expected to deflate slowly rather than pop, according to BMO Capital Markets chief economist Sherry Cooper. Cooper's report says that despite rising household debt, low interest rates and rising home prices, it is unlikely that a sudden correction will take place. "The main take-away is that the national housing market appears somewhat pricey, but is far removed from bubble territory," Cooper said in the report, titled Will Canada's Housing Boom Forge On, Fizzle Out, or Flame Out? The study, co-authored by BMO senior economist Sal Guatieri, says that despite rising home prices in most of Canada's major cities, that growth doesn't seem to be excessive. On average, home prices have risen 104 per cent in the last 10 years. Along with that, the average price of a home has risen against the average income in Canada.... Tuesday, January 31, 2012 New property listed in Lower Lonsdale, North Vancouverby Dale McGauran on Tue, Jan, 31, 2012 04:04 AM
I have listed a new property at 814 175 1ST ST W in North Vancouver.
Great Investment opportunity in the popular "Time" building in vibrant Lower Lonsdale. Sunny SE facing balcony w/ water & city view. Unique studio w separate private sleeping area w/closet. Gas fireplace, insuite laundry, huge bathroom.open concept kitchen w/gas stove & built-in microwave. Concierge service. 1 parking & slorage. Pels & rentals allowed. Balance of 2/5/10 warranty. 5 min. stroll to Lonsdale Quay market & seabus service to downtown. John Braithwaite Community Centre, chic restaurants, coffee shops and boutique shopping all just steps away. This one is all about the "lifestyle". First Open Feb 4, 2 - 4pm.
Tuesday, January 31, 2012 Open House. Open House on Saturday, February 4, 2012 2:00 pm - 4:00 pmby Dale McGauran on Tue, Jan, 31, 2012 04:04 AM
Please visit our Open House at 814 175 1ST ST W in North Vancouver.
Open House on Saturday, February 4, 2012 2:00 pm - 4:00 pm
Great Investment opportunity in the popular "Time" building in vibrant Lower Lonsdale. Sunny SE facing balcony w/ water & city view. Unique studio w separate private sleeping area w/closet. Gas fireplace, insuite laundry, huge bathroom.open concept kitchen w/gas stove & built-in microwave. Concierge service. 1 parking & slorage. Pels & rentals allowed. Balance of 2/5/10 warranty. 5 min. stroll to Lonsdale Quay market & seabus service to downtown. John Braithwaite Community Centre, chic restaurants, coffee shops and boutique shopping all just steps away. This one is all about the "lifestyle". First Open Feb 4, 2 - 4pm.
Monday, January 30, 2012 Canada facing subprime mortgage riskby Dale McGauran on Mon, Jan, 30, 2012 11:15 AM [[posterous-content:pid___0]] Canadian lenders are loosening standards, offering mortgages similar to U.S. subprime loans that pose an “emerging risk” to financial institutions, according to the banking regulator. Banks and other lenders are becoming “increasingly liberal” with mortgages and home-equity credit lines that don’t require individuals to prove their income, according to 152 pages of documents obtained by Bloomberg News under freedom of information law from the Office of the Superintendent of Financial Institutions. The mortgages, typically granted to the self-employed and recent immigrants, “have some similarities to non-prime loans in the U.S. retail lending market,” the documents show. More mortgage rules planned if market gets too hot. “It just speaks to the general easing in lending standards, which has contributed to a booming housing market,” said David Madani, an economist in Toronto with Capital Economics, which estimates... Friday, January 27, 2012 Owning a home is just a matter or reorganizing prioritiesby Dale McGauran on Fri, Jan, 27, 2012 12:09 PM These are just some of dozens of emails The Province received in response to their package about the high cost of Vancouver real estate. Join the debate! Add your comments below Young people are whining about the cost of housing but it’s been the same way for generations. My generation worked hard to save our money to be able to afford something. This generation wants the iPhone, iPad, iPod, fancy clothes, nice car and the chance to be seen at the trendiest restaurants. Even their kids have to have the SUV baby stroller. It’s ridiculous! My generation worked, saved, and came out ahead. The people who whine about not being able to afford a house just need to reorganize their priorities. I got stuck paying 17 per cent on my mortgage in the 1980s. And I didn’t make nearly as much as kids today. We survived. They will too. Thomasse Guise, Vancouver © Copyright (c) The Province
Thursday, January 26, 2012 Housing prices fall in Novemberby Dale McGauran on Thu, Jan, 26, 2012 11:07 AM [[posterous-content:pid___0]] OTTAWA — Canadian house prices dropped in November for the first time in nearly a year, according to the monthly Teranet-National Bank house price index released Wednesday. The 0.2 per cent drop followed two months of flat prices, and was the first decline in the index since a "brief correction during the three months ending November 2010," said National Bank senior economist Marc Pinsonneault. The national composite index, which tracks registered prices of homes sold at least twice, shows prices fell in eight of the 11 metropolitan markets tracked — one more than in October. "Calgary and Victoria stood out with declines of 1.6 per cent and 0.9 per cent respectively," said Pinsonneault, noting the declines were much smaller in the other six markets, though declines in Toronto, Hamilton and Winnipeg "are noteworthy in that these three markets are considered tight." December data released by the Canadian Real Estate Association... Tuesday, January 24, 2012 Vancouver displaces Sydney as second most-expensive housing market on well-known surveyby Dale McGauran on Tue, Jan, 24, 2012 12:27 PM Vancouver displaced Sydney as the least-affordable housing market after Hong Kong among large English-speaking cities, as home prices rose faster than incomes, a study of 325 metropolitan areas worldwide showed. Vancouver’s median home price of $678,000 in the third quarter was 10.6 times its median pretax household income of $63,800, making the city “severely unaffordable,” Demographia said in a report today. A ratio of 3 or less is considered “affordable,” according to the public-policy firm’s survey of markets in Australia, New Zealand, Ireland, the U.K., the U.S., Canada and Hong Kong. Sydney’s ratio of median home price to income was 9.2, while Hong Kong’s was 12.6, a record for the eight-year-old survey, surpassing the previous high of 11.5 for Los Angeles in 2007. Home prices in Hong Kong, Vancouver and Sydney haven’t plunged as they have elsewhere, such as in Ireland, now the second most-affordable country, after... | | Market Snapshot uses real-time MLS® data to provide Vancouver housing market pricing and listing statistics for buyers and sellers. Blogs Posts By Date Categories |
