Zara Mirzakhani

Lowest Mortgage rate I have ever seen, It is good until the 2nd of December.

The Average sale price of a detached home in Vancouver in August (so far) is $1,732,000 compared to $1,558,000 in August 2019 (an increase of 11%). Compared to last month when the average sale price of a detached home in Vancouver stood at $1,626,000, the price has increased by 10%. Number of sales (detached single family) quite similar to that of last year but lower than last month when a record 1050 houses were sold.

Vancouver sales increased 44 per cent on the month and 24 per cent from July 2019. Average prices in Toronto were 5.5 per cent higher on the month, and up 1.5 per cent in Vancouver. There were just 2.8 months of inventory nationwide, the lowest level on record, CREA said. Average prices were 9.4 per cent higher nationwide on the month.

Surprise! Just checked the number of sales in the Greater Vancouver for the first 11 days of June and there are more sales (797) compared to the same period last year (755). Average sale price is up too $1,038,000 compared to $1,012,000 (for the first 11 days of June. If the trend continues, we are heading to a heated summer market.

How do new CMHC rules change the market? 38% gross debt service revised to 35% changes things drastically!

CMHC Reviews Underwriting Criteria Effective July 1, the following changes will apply for new applications for homeowner transactional and portfolio mortgage insurance: Limiting the Gross/Total Debt Servicing (GDS/TDS) ratios to our standard requirements of 35/42;... Establish minimum credit score of 680 for at least one borrower; and Non-traditional sources of down payment that increase indebtedness will no longer be treated as equity for insurance purposes. See more

Unprecedented! CMHC forecast called for a 9-18% drop in house prices. Remax reacted by calling the forecast irresponsible. CHMC head replied : Some vocal real estate advisors have labelled us panic-inducing and irresponsible,’ saying essentially that house prices don’t go down. They’re whistling past the graveyard and offering no analysis.

Extraordinary times make being a realtor all the more special.

A historic North Vancouver house in Lynn Valley where one of the Group of Seven artists lived and painted is up for sale. Frederick Varley (1881-1969) called the house at 4395 Rice Lake Rd. his home in the 1930s. In 1926, Varley moved out west where he taught at the newly formed Vancouver School of Applied and Decorative Arts. He went on to open the B.C. College of Arts with fellow Group of Seven artist J.E.H. MacDonald. Although the school was successful, it went out of busi...ness because of the Great Depression. In 1936, Varley left for Ottawa. In 1932, Varley noticed a small house was high up on the bank of Lynn Creek, Eve Lazarus said in her local history blog Every Place Has a Story. He walked around the place, peered in the windows and saw that it was deserted. The house was in rough condition with porches front and back and a unfinished room on the main floor. He could see Mt. Seymour and Lynn Peak from the verandah.

I made a comparison between the number of sales for the second halves of March 2019 and 2020. In ordinary time we define the number of sales based on the dates different real estate boards process them. I decided to go with the numbers based in the dates the subjects were removed as they are more indicative of the current situation Overall, there were 2049 subject removals in the second half of March 2019 compared to 776 in the same period in 2020.... .As you can see, there is a huge drop in the numbers which corresponds to the time the lock down started. We may see these numbers change as there may be more firm sales with subjects removed that have not yet been processed by the board. However there is no doubt that the pandemic and shutting down of the economy has had a huge effect of the real estate market. See more

Texting with client in 2 acts.

Will be paid directly to the landlord and they are expecting 100% of renters to apply.

There were 290 sales in Vancouver and Fraser Valley today. A significant portion were sold above the listing price including some in the $2 million range. This is mostly caused by a shortage of new listings.

The BC real estate association is advising that COVID-19 issues within the contract and transaction must be addressed with their own lawyer. My brokerage has ad...vised us the following clause to be included in purchase contracts: COVID-19 Subject to the Buyer(s) and Seller(s) seeking independent legal advice for any concerns that they may have with regards to the effects of COVID-19 relating to the contract of purchase and sale on or before _____________________________, 2020.

The Real Estate Board of Greater Vancouver has sent an email recommending strongly that all #realtors refrain from holding #openhouse s. They are also disabling the Open House feature on Paragon (the back door to MLS) where realtors post open houses which will them be posted on public sites. #covid19 #vancouverrealestate

Hearing that CMHC is in talks with banks to allow mortgage payment deferrals. Maybe up to 6 months!

13463 231A Street Maple Ridge Executive 6 bedroom family home in Silver Valley, Maple Ridge. Modern design home features 6 bedrooms, 5 bathrooms, a large, open concept kitchen/living area, includes high ceilings, high-end appliances, huge granite island perfect for large family gatherings. 4 large bedrooms w/ 3 ensuite bathrooms including the master ensuite w/ soaker tub & waterfall shower. Offered at $1,075,000... MLS R2433137 Please use the map in the photos. The google map has pinned the wrong location. See more

Last week, one listing in Surrey had 68 offers.

254 Finnigan Street, Coquitlam 6400+ square feet executive residence on an over sized 9000 sq lot in Coquitlam. 8 bedrooms 7 bathrooms Hand painted-glass waterfall kitchen island & Thermador App + bonus Wok Kitchen, the Smart Home automation, the 2 bed Legal suite, epoxy garage floor, flawless "spa-like" Master en-suite and a detached workshop... $ 2,699,000 MLS R2409775 See more

1011 Walls Avenue, Coquitlam 6 bedroom family home with a laneway home and a potential in law suite in the basement. Gourmet Kitchen, Views of the city and minutes drive to Sky Train. Offered at $1,688,000 Open House, Sunday January 19, 2-4

These 2 headlines appeared on the same day (December 18) "Canadian home prices fall in biggest November drop outside of a recession" and "Canadian home prices rise in November, beating seasonal trend".

Prime Minister Justin Trudeau has ordered Finance Minister Bill Morneau to take another look at the mortgage stress test, which Canada’s real-estate industry has criticized for dragging down the housing market.

More houses sold in the last 3 days than listed. At this rate the inventory will start to deplete fast.

Dare to be different! 1032 Beaufort Road, North Vancouver Open House Saturday November 16th 2-4 pm Amazing new modern skinny home by Stanhope Projects and Humenny Design Ltd. Sleek and unique on the outside and extremely bright and spacious feeling on the inside, this custom home contains 4 beds and 3.5 baths on three levels plus a private roof-top deck with inspiring mountain and water views. Located East Of Seymour, the ultimate recreational neighbourhood for hiking, biki...ng, skiing, golfing and paddling with all just minutes from your door. Close to sought-after schools and all amenities including Deep Cove Village! Offered at $ 1,669,000 MLS R2408561 See more

When waiting for the clients is not bad at all!

The plan would bring real estate regulation including licensing under the purview of the B.C. Financial Services Authority, which currently regulates mortgage brokers, private pension plans and financial institutions. Having a single regulator for those areas will streamline investigations and enforcement, according to the government.

This is some crazy number for sales to new listings ratio for Vancouver and Fraser Valley! It’s usually called a sellers’ market when the ratio is over 50% . Right now the ratio for the past 30 days is 82%! 5005 new sales and 6102 new listings.

Who needs an office when you can have this?

So much orange today! Even the entrance door at 1704 Kilmer Rd. open house.

Open House , Sunday October 6th 2-4 PM 1074 KILMER ROAD List Price $1,759,000 Drop by at my open house this Sunday to see this 6 Bedroom, 5 bathroom Craftsman style home in the beautiful Lynn Valley, North Vancouver.... Open plan kitchen that leads into spacious family room with gas fireplace + adjoining south facing deck. Traditional dining + living rooms w/F/P and additional bedroom with full bath complete this level. Grand Master bedroom with WICLO, ensuite + private deck w/views of Mt. Baker to Metrotown Double garage fully equipped with level 2 electric vehicle charger See more

Are we heading to a balanced market in Vancouver real estate? Looks like it! https://mailchi.mp/16621efed80a/here-comes-the-fall-market

Here Comes the Fall Market - https://mailchi.mp/16621efed80a/here-comes-the-fall-market

The number of residential home sales in the Greater Vancouver Area in September are almost 40% higher than the number of sales in September 2018. The average sale price, however, continues its downward trend.

I don’t like to talk about politics on my business or personal page, but this is beyond politics. It’s about our fundamental values as a country. I am deeply offended the prime minister of my country thought wearing a blackface was alright in 2001 when he was a teacher.It was not.

Great insight into the Vancouver detached home market and its outlook by my colleague Dane Eitel. We need more of these honest analyses. 'Buyers are Off the Benches and in the Purchasing Game, Thanks to Stress Test Mitigation' Now that the market has dropped off, there is a portion of those sidelined buyers that are off the bench and in the purchasing game. During August prices rose back to $1.560 Million, which is perfectly in the middle of the market downtrend that has be...en established. Equally important the market has jumped back above the ten year uptrend after two months of threatening to break the important technical indicator. We at Eitel Insights believe sellers should take advantage of this temporary market. We have been stating for the last quarter that this stress test mitigation would come, now that it is in play, we feel obligated to warn that this is a blip in the markets evolution lower. Before you know it the average sales prices will officially break the ten year uptrend and the market will be sent lower with a significant test of $1.400 million likely in 2020. https://mikesmoneytalks.ca/buyers-are-off-the-benches-and-/

August in Vancouver! Which areas in Vancouver had the highest number of sales and average price? https://mailchi.mp/94cbb88cbc20/august-in-vancouver

What’s New in Burke Mountain & Its Townhouses? - https://mailchi.mp/4a33d0ccd6/burke-mountain-its-townhouses

This condo was listed today in Vancouver, Coal Harbour. Its 6670 sq. ft. take up the entire 26th floor. Listed at $38,888,000. MLS: R2395670 P.S. It has become quite common to see all these 8s in today's Vancouver real estate market.

July Surprise in Vancouver #vancouverrealestate #sutton #vanstats

July stats for Vancouver are going to be quite interesting. Compared to June 2019, also July 2018, sales in the Greater Vancouver area are up. in the first 29 days of July 2019, there has been 742 detached homes, 347 townhouses and 1047 condos sold. In the same period in 2018 the numbers are 553 detached homes, 279 townhouses and 958 condos sold. Compared to June 2019, Detached home and townhouse sales are about the same but condo sales are 1047 in July vs 946 in June. This is an early indication that first time home buyers are starting to buy.

Working on our next newsletter with Mana Noori, Real Estate Sutton Group-WCR

Abbotsford has become the ground zero of the pre-sale market in the Lower Mainland. Since the beginning the year, 504 new units have been released of which only 85 (or 17%) have been sold. Downtown Vancouver is another slow area with only 10% of the 122 released units sold. With more units coming into the market in the coming months, the pre-sale market prices will continue to be under pressure as the potential buyers are increasingly looking for discounts.

Happy Canada Day everyone! Best country in the world hands down.

5 8383 159 STREET, SURREY $ 639,900 OPEN HOUSE , Saturday JUNE 22, 2-4 PM This completely renovated end unit, 3 bedroom, 2.5 bathroom town home will impress the most discerning buyer. Upgrades include: open plan gourmet kitchen, s/s appliances, quartz counter-tops, designer lighting and wide plank h/w flooring. This rare end unit also offers double wide garage and generous private yard with deck for the BBQ enthusiast.

2 of North Vancouver Neighborhoods are among the top 10 areas to buy in Vancouver: Lynnmour #2 , Cloverhall # 9 https://www.moneysense.ca//where-to-buy-2019-greater-van/

Open House Sunday June 9th, 2-4 PM 1813 St. Denis Rd. West Vancouver Ambleside Over 6000 square feet of well designed space for luxury yet functional living Stunning views of the ocean from master bedroom + a dream walk-in closet An oasis of a garden with a turquoise hot tub... A walk out basement designed for family time or watching the Raptors (or the Canucks) . Listed at $5,580,000 Message for the complete feature sheet. See more

Listed at $1,225,000. Tax assessment: Total: $1,407,000, Land: $1,306,000. Come visit on Sunday 26th, message for private viewing or complete info & photos.

OPEN HOUSE SATURDAY MAY 25 2-4 PM 1711 Macgowan Ave, North Vancouver Come, look around, and see yourself living in this gorgeous home!... Beautiful new built in North Vancouver Air conditioning,and Radiant heated floors throughout Legal suite to help with the mortgage Open Concept and gourmet Kitchen $1,998,000

#homeoffice #vancouver #realtorlife #realestate

This single family home in Chilliwack was purchased in 2014 for $381 K. It was sold last week for $680K. How is this as an investment Jason Scott ?

Oh, Vancouver real estate! Was listed for $13,880,000, sold today for $9,800,000.

OPEN HOUSE 316 E 4th Street, Lower Lonsdale Saturday, April 28, 2-4... Stone's throw away from trendy restaurants, boutiques, Lonsdale Quay & Pier, Sea Bus 2700 square feet of luxury living Open concept main floor living with gourmet kitchen, ideal for entertainment Gorgeous master bedroom 2 bedroom legal suite and much more, come check it out!

Open House, Sunday April 28, 2-4 1076 Doran Road, Lynn Valley If you love nature and gorgeous views, join me this Sunday to check this brand new Green View home in the upper slopes of Lynn Valley. 3 spacious levels, open concept luxury living & sweeping city views. Exceptionally bright living space boasts 9' ceilings, hardwood flooring, radiant heating/AC & gourmet entertainment kitchen with Subzero-Wolf appliances & designer finishes. Enjoy easy access to all floors with yo...ur own in-house Garaventa elevator. Master bed & en suite feature deluxe spa-like rain shower & standalone soaker tub with views from private balcony. Spacious media/rec room with wet bar, wine cellar and custom millwork. Legal 2-bedroom suite offers quality finishes. All steps away from Lynn Valley Shopping Center, Argyle Secondary, Cousteau School and fantastic trails. See more

OPEN HOUSE 1028 CLOVERLEY STREET Sunday April 14th 2-4 Priced at $2,598,000 For private viewings outside open house hours, message me.... Join me this Sunday to have a look at this custom built home in Cloverhall. With exquisite attention to detail throughout, this expansive 4700 SF home boasts amazing views of the city & inner harbour and an open concept layout perfect for entertaining. Main level features a gourmet chef-inspired kitchen complete with Miele stainless steel appliances, built in wine rack and fully equipped wok kitchen. Gourmet chef-inspired kitchen complete with Miele stainless steel appliances, built in wine rack and fully equipped wok kitchen. Master suite spa inspired walk in shower & fully-enclosed tub and private patio. 2 bedroom legal suite.

Open House 214 E 21 Street Saturday April 13th 2-4 Thinking of moving to or within the North Shore? Stop by this Saturday to discover this beautiful BRAND NEW 1/2 duplex situated in highly sought after Central Lonsdale. Picture yourself living in an exquisite home on a quiet street yet close to all amenities. For private viewings outside open house hours, message me.... Listed at $1,798,000 Over 2500 sq ft of designer finishes, open floor plan and a chef's kitchen, Master Bedroom with private deck and spa inspired en suite, Roof top deck with views of Downtown Vancouver city skyline & North Shore mountains, Family room that opens to your private patio space and backyard One bedroom basement suite.

Open house today!

Thank you GP & hello Vancouver! To the amazing city of Grande Prairie: Thank you for welcoming me and making me one of your own. You are some of the hardest working, kindest and most generous gals and guys i have ever met. Remain amazing and welcoming! Also, remember to get out and vote y'all!... To my awesome clients: So grateful to you for trusting me with one of the biggest decisions of your lives. It was a pleasure and great honor to be part of your journey. To my colleagues at Sutton Group and beyond: I learned a lot from everyone of you (Okay, most of you). You are a talented group of people and offer some of the best and most advanced real estate services in Canada. Thank you!

"If a first-time buyer wants to buy a home that costs $400,000, they'd have to come up with a $20,000 down payment, under both the new rules and the old ones. Normally, they'd have to take out a loan for $380,000 to cover the rest of the purchase price but under the new program (if it's a newly constructed home), CMHC could kick in $40,000 toward the purchase price, in exchange for a 10 per cent stake in the home."

Over the past 2 years, I have witnessed how the government's senseless mortgage stress test has made it difficult or impossible for many to buy a house. For those who qualify, the process has become a rollercoaster of stressful emotions. Among them are primarily first time home buyers. This has in turn pushed up rent prices across the country. Finally, we are hearing different experts and organisations asking the government to put and end to this absurd policy.

Huge Price Drop $339,900 Motivated Seller 5 bedroom home with walkout basement in Crystal Lake Estates $349,900 If you are looking for a fully finished home in one of the best neighborhoods of Grande Prairie look no further. There are 3 bedrooms on the main level, 2 bedrooms in the walkout basement, 3 full bathrooms, central air condition, 2 barbecue gas hook ups, 2 fireplaces and much more. Book your viewing today. MLS GP202413... 12109 Crystal Lake Drive See more