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I have sold a property at 9 1015 LYNN VALLEY RD in North Vancouver
I have sold a property at 9 1015 LYNN VALLEY RD in North Vancouver.
A rare inside unit in the “River Rock” with it’s mountain view Rooftop decks, and ideal location. This beautiful Townhome has been updated several times and again in 2020 with new kitchen cabinets, quartz & granite countertops, and new lighting throughout. The Hickory hardwood and slate tiling was installed a few years back on the main floor. 2 secured parking, 1.5 baths, in suite & locker storage. Pet friendly and...
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New property listed in Lynn Valley, North Vancouver
I have listed a new property at 9 1015 LYNN VALLEY RD in North Vancouver.
A rare inside unit in the “River Rock” with it’s mountain view Rooftop decks, and ideal location. This beautiful Townhome has been updated several times and again in 2020 with new kitchen cabinets, quartz & granite countertops, and new lighting throughout. The Hickory hardwood and slate tiling was installed a few years back on the main floor. 2 secured parking, 1.5 baths, in suite & locker storage. Pet friendly...
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I have sold a property at 315 3205 MOUNTAIN HWY in North Vancouver
I have sold a property at 315 3205 MOUNTAIN HWY in North Vancouver.
Exciting opportunity to own this 1 bedroom + den in MILLHOUSE! Located in the heart of Lynn Valley Village with 2-5-10 year warranty, constructed Built Green Gold Level standards by MARCON homes. Built for wheelchair accessibility featuring premium stainless steel appliances, shaker cabinets, quartz countertops and European inspired bathrooms. Ceiling height of 9'. Pet friendly building w/ dog wash, 1 parking, private...
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New property listed in Lynn Valley, North Vancouver
I have listed a new property at 836 HENDECOURT RD in North Vancouver.
SOUTH-FACING 4 bed, 3 bath townhome (2,180 SF) for the active family or downsizers nestled on forest-like RARE 16 acres. MAIN has spacious kitchen; family room; dining room & cozy gas fireplace in living room w/ direct access to sun-filled patio w/ gas hook-up BBQ, patio partially covered w/ wood fire-pit & skylight; back door off kitchen direct to greenbelt. UPPER FLOOR: Master bed features spa-like ensuite w/...
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New property listed in Lynn Valley, North Vancouver
I have listed a new property at 315 3205 MOUNTAIN HWY in North Vancouver.
Exciting opportunity to own this 1 bedroom + den in MILLHOUSE! Located in the heart of Lynn Valley Village with 2-5-10 year warranty, constructed Built Green Gold Level standards by MARCON homes. Built for wheelchair accessibility featuring premium stainless steel appliances, shaker cabinets, quartz countertops and European inspired bathrooms. Ceiling height of 9'. Pet friendly building w/ dog wash, 1 parking,...
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New property listed in Lynn Valley, North Vancouver
I have listed a new property at 309 3191 MOUNTAIN HWY in North Vancouver.
Spacious and private 1,055 square feet located in central Lynn Valley Village area. Rare top floor CORNER unit 2 bedroom and 2 bathroom.Large 161 sf balcony. Perfect for families or downsizers. Bring your decorating ideas with you and transform the space to your design style you will love! Dogs and Cats allowed with restrictions. Open house Sunday, August 12 - noon to 1:45 pm or by appointment!
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I have sold a property at 836 HENDECOURT RD in North Vancouver.
"Laura Lynn" homes rarely come on the market in this one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights in the covered deck portion and master bath. This well laid out unit has been altered to give it a single family feel. Three bedrooms three bathrooms, an office and a large sundeck for entertaining. A spa-like ensuite. Tennis courts swimming pool and log party meeting lodge....
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Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Saturday, October 21, 2017 2:00PM - 4:00PM
"Laura Lynn" homes rarely come on the market in this one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights in the covered deck portion and master bath. This well laid out unit has been altered to give it a single family feel. Three bedrooms three bathrooms, an office and a large sundeck for entertaining. A spa-like ensuite....
Read

Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Sunday, September 17, 2017 2:00PM - 4:00PM
"Laura Lynn" homes rarely come on the market in this one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights in the covered deck portion and master bath. This well laid out unit has been altered to give it a single family feel. Three bedrooms three bathrooms, an office and a large sundeck for entertaining. A spa-like ensuite....
Read

I have listed a new property at 836 HENDECOURT RD in North Vancouver.
"Laura Lynn" homes rarely come on the market in this one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights in the covered deck portion and master bath. This well laid out unit has been altered to give it a single family feel. Three bedrooms three bathrooms, an office and a large sundeck for entertaining. A spa-like ensuite. Tennis courts swimming pool and log party meeting lodge....
Read

Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Saturday, September 9, 2017 2:00PM - 4:00PM
"Laura Lynn" homes rarely come on the market in this one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights in the covered deck portion and master bath. This well laid out unit has been altered to give it a single family feel. Three bedrooms three bathrooms, an office and a large sundeck for entertaining. A spa-like ensuite....
Read

Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Sunday, September 10, 2017 2:00PM - 4:00PM
"Laura Lynn" homes rarely come on the market in this one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights in the covered deck portion and master bath. This well laid out unit has been altered to give it a single family feel. Three bedrooms three bathrooms, an office and a large sundeck for entertaining. A spa-like ensuite....
Read

Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Saturday, July 8, 2017 2:00PM - 4:00PM
Another "Laura Lynn" gem in this amazing one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights to add even more light. This well laid out unit has been upgraded at various times throughout the last 15 years. Three bedrooms three bathrooms, a large sundeck for entertaining, and a spa like en-suite round out the features. Tennis...
Read

Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Sunday, July 9, 2017 2:00PM - 4:00PM
Another "Laura Lynn" gem in this amazing one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights to add even more light. This well laid out unit has been upgraded at various times throughout the last 15 years. Three bedrooms three bathrooms, a large sundeck for entertaining, and a spa like en-suite round out the features. Tennis...
Read

Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Saturday, June 24, 2017 2:00PM - 4:00PM
Another "Laura Lynn" gem in this amazing one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights to add even more light. This well laid out unit has been upgraded at various times throughout the last 15 years. Three bedrooms three bathrooms, a large sundeck for entertaining, and a spa like en-suite round out the features. Tennis...
Read

Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Sunday, June 25, 2017 2:00PM - 4:00PM
Another "Laura Lynn" gem in this amazing one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights to add even more light. This well laid out unit has been upgraded at various times throughout the last 15 years. Three bedrooms three bathrooms, a large sundeck for entertaining, and a spa like en-suite round out the features. Tennis...
Read

Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Sunday, June 18, 2017 1:30PM - 3:00PM
Another "Laura Lynn" gem in this amazing one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights to add even more light. This well laid out unit has been upgraded at various times throughout the last 15 years. Three bedrooms three bathrooms, a large sundeck for entertaining, and a spa like en-suite round out the features. Tennis...
Read

I have listed a new property at 836 HENDECOURT RD in North Vancouver.
Another "Laura Lynn" gem in this amazing one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights to add even more light. This well laid out unit has been upgraded at various times throughout the last 15 years. Three bedrooms three bathrooms, a large sundeck for entertaining, and a spa like en-suite round out the features. Tennis courts swimming pool and log party lodge round out...
Read

Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Wednesday, June 14, 2017 10:00AM - 12:00PM
Another "Laura Lynn" gem in this amazing one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights to add even more light. This well laid out unit has been upgraded at various times throughout the last 15 years. Three bedrooms three bathrooms, a large sundeck for entertaining, and a spa like en-suite round out the features....
Read

Please visit our Open House at 836 HENDECOURT RD in North Vancouver.
Open House on Saturday, June 17, 2017 2:00PM - 4:00PM
Another "Laura Lynn" gem in this amazing one of a kind forested 16 acre setting. Nice & bright southwest exposure and with skylights to add even more light. This well laid out unit has been upgraded at various times throughout the last 15 years. Three bedrooms three bathrooms, a large sundeck for entertaining, and a spa like en-suite round out the features. Tennis...
Read
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Market update!!

 

As most of you have heard, sales in the Vancouver real estate market have been down this year, the numbers vary from area to area. The strata market has been soft, while single family homes and building lots have been significantly better, again depending on the area.

The media types have been talking about a so called bubble, and a correction in the real estate market, as if there will be some dramatic shift in prices one day. I believe this is a misnomer. To the contrary, we’ve seen small corrections happening every day over the last few months to compensate for the smaller number of sales, as opposed to a sudden price drop. So in effect, the correction has already and is already happening on a daily basis. This doesn’t mean that it could not correct more, or less as time goes on. Some buyers believe that because of the slow market, they should automatically submit low ball offers assuming that home sellers should be desperately trying to sell and escape the market before this correction, however again this is wrong thinking, as there is a good chance that new home sellers entering the market have priced their home correctly, given the current circumstances.

 

 I believe that because the interest rates have been so low for so long now, a lot of the new home buyers that could buy, did buy in the last couple of years, leaving a lack of new home buyers to drive the entry level market. There are however still a small number of new home buyers entering the market all of the time, and of course folks upsizing and downsizing, to continually add some buoyancy to our market.

     

Despite the market sales being lower this year, I’ve been very fortunate, so thank you friends, family, and valued clients!!   

 

 

All the Best!

 

Garth   

 
Who's Doing  High Fives Now?    SEPTEMBER/OCTOBER, 2007
 

If you think lenders make too much money, you are not alone........ However, it's very likely that you, the borrower, are an eager participant in all those profits. Billions of dollars are literally given away to the banks each year because of consumer  pathy. Lenders know this and in fact they "bank" on it. What do we mean?
Well, a recent survey conducted by Canada Mortgage and Housing Corporation reveals that despite all the new mortgage products on the market, people looking to renew their mortgage will more often than not, revert back to their current lender. In fact, according to the report, 81% of them did. Does this make sense when the competition could be offering lower interest rates and better terms? It doesn't. There is some good news though. This same survey indicates that consumers are shopping around slightly more than they were in the past. People that were renewing their mortgage were faithful to their financial institution to the tune of 88% in 2000. By 2006 this dropped 7 percentage points.
This decline in lender loyalty was also very evident in repeat home buyers and people that refinanced their mortgage because of wanting extra cash to make home  enovations or consolidate debt. In 2006 only 65% of these consumers went back to their current provider – well down from what it was in previous years. The only category that remained relatively stable was first-time home buyers.

57% of these buyers financed through their banking institution in 2000 and this remained almost constant - 58% in 2006. It would appear that first-time buyers are savvy and cautious when it comes to mortgage debt. Initially, they do their

research diligently when it comes to comparing lenders and what they can offer. However, these very same buyers that were so careful at the start, oon join the ranks of those that are "too busy" at mortgage renewal time to check out and compare lenders. Most people know that banking is a business. However, not all acknowledge that bank

employees are paid to look after the bank's best interests – not yours. In fact these employees have quotas to fill – big quotas! It is amazing that people will go to seminars sponsored by Lenders and expect to be told how to negotiate the best mortgage deal for themselves.  Puh-leeze! That's like inviting a fox to the chicken coop to tell the chickens how to avoid getting eaten by him. It makes no sense whatsoever, yet that is exactly what people do. Even more remarkable is the fact that these potential customers believe they are getting sound and unbiased information and actually act on the

advice given by the fox. This can be a very costly mistake. 

 
However, let us explore mortgage renewal in greater detail.
 
Mortgage funding is extremely competitive. Lenders spend an enormous amount of money just to get mortgage business in the first place and they certainly don't want to lose customers now or at any time in the future.
If homeowners would just take a few hours and shop around for several proposals from different lending institutions when their mortgage term is up, they might be pleasantly surprised about their findings. The chances are that they would quite possibly receive an offer from another Lender that is better in both interest rates and/or terms provided.
Lenders may even pay for all the set-up, transfer and legal fees when the mortgage business is transferred to them. Once a homeowner has different options in hand, the power to choose becomes theirs. They can accept this new favorable proposal or have their current lender match or better it. Odds are, your lender isn't going to be
willing to give up your business without a fight.
How much actual cash could be saved by keeping Lenders honest? Well, let's figure it out. A $300,000 mortgage calculated at 6% over a 25 year amortization period works out to monthly payments of $1,919.42. Conversely, at 5.5% and using the same criteria, the payments are $1,831.18. The difference is $88.24 per month. Now multiply that by 60 (five years of monthly payments) and you will see that by negotiating a better rate, rather than blindly accepting the first offer, you have saved $5,294.40. Really, with a little investigative effort, you could have put a stash of cash in your jeans or made a handsome contribution towards paying off your mortgage. Instead of the Lenders' CEO's counting profits and doing high fives around the boardroom table because of consumer apathy, you could be going on vacation. You may be trained to be loyal but hopefully, not tamed! Next time . . . shop around!
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