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Garth Raven Your Real Estate Navigator

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I have sold a property at 210 JAMES RD in Port Moody.
Fully renovated townhome in “Tall Tree Estates”, truly a family friendly hidden gem nestled in the trees with no thru traffic, but very central and walking distance to public transit, schools, shops, groceries, restaurants, cafés and some of the best local breweries. Recently updated stunning open concept kitchen stainless appliances granite countertops bathrooms hardwood flooring and much more. Best of all is its proximity to...
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I have sold a property at 349 4TH ST E in North Vancouver.
FINALLY the LOLO 1/2 duplex that you have been waiting for...excellent floor plan with 4 bdrms and 4 bthrms. South-facing Master bedroom w/ peek-a-boo city view and private deck to relax and drink your morning java. Modern living with all the bells and whistles featuring south-facing covered patio w/ automatic awning just off the family room to enjoy your summertime BBQ's. Spacious kitchen features granite countertops and...
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I have sold a property at 406 188 29 ST W in North Vancouver.
Gorgeous, bright, and spacious, TOP floor unit with vaulted ceilings featuring a skylight in the kitchen with gas stove. This 2 bedroom, 2 bathroom unit boasts 941 SF with open floor plan, large side-by-side insuite laundry room, and a cozy gas fireplace. Easy access to the deck from both the living room and Master Bedroom. Walking distance to Queensdale market and other shops. Includes 1 secured parking, 1 storage, a guest...
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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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I have sold a property at 1104 ADDERLEY ST in North Vancouver.
This unique and spacious home is for those who want character, views, privacy & flexible space. Extensive renovations & a legal suite were added in 2006, all with permits. Double pane windows & roof were also added in 2006. The welcoming LR has fresh paint, a wood burning fireplace & beautiful HW oak floors. The kitchen/dining areas have just been painted & have french doors accessing the S. facing...
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I have sold a property at 304 252 2ND ST W in North Vancouver.
Expansive Southerly Ocean & City views in this well cared for 2 bedroom top floor corner suite. Enjoy your morning coffee on the sunny and private East balcony and then relax after work enjoying the sunset on the South-facing balcony. Yes two Balconies! Renovated in 2011 to bright & open concept kitchen/living room and new bathroom, walk in closet and freshly painted. This building is rated an incredible 92 walk score!...
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I have sold a property at 90 1950 CEDAR VILLAGE CRES in North Vancouver.
Great opportunity for first home families, 3 bedroom 2 full bath home in Mountain Estates where units do not often come available. Large family/rec room, and two flex/utility rooms down. Living room onto a private patio, with a Natural Gas connection for your BBQ. A well run complex, quiet located close to Karen Magnussen Rec Centre, Lynn Valley mall, the Library, many parks and great schools. Family orientated...
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I have sold a property at 804 151 2ND ST W in North Vancouver.
Welcome to Sky high living. Bright, spacious & well laid out 1 bedroom & den condo in the solidly built concrete sky building. one of the Most Desirable in Lower Lonsdale, with a party room & ample visitor parking, two stalls have been approved for EV charging stations. Featuring floor to ceiling windows, hardwood floors, granite counters, high end appliances, covered balcony & large den. Pets & rentals welcome. One u...
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I have sold a property at 603 408 LONSDALE AVE in North Vancouver.
Fantastic unobstructed views to the Southwest of City & Harbour in this 2 bedroom, 2 bathroom condo that was beautifully updated in 2012. Cozy gas fireplace for the winter months and large deck gives you great outdoor space to enjoy the view in the spring and summer! Pets welcome (1 dog or cat), underground parking and storage make this a superb Lower Lonsdale offering. Call now to view!
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I have sold a property at 405 549 COLUMBIA ST in New Westminster.
TRUE LOFT LIVING in the DOWNTOWN CORE of Uber cool New West! This is the only true loft Conversion outside of Vancouver. This architectural Beauty has over 100K in upgrades in the last year - AMAZING. This bright West facing loft has stunning River views (See photos). Cook in your gourmet kitchen with huge island and appliances you want to talk about over a glass of wine. Entertain? The eating area has a built in nook...
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I have sold a property at 3223 NORWOOD AVE in North Vancouver.
Water views! 5BR/4BA family home in Upper Lonsdale. This contemporary home has 4 BR up and all the modern touches! The elegant living/dining are perfect for entertaining feat. traditional warmth with a stone fireplace and hardwood floors. The open kitchen has granite countertops and stainless steel appliances including a chef-style gas range. Second fireplace in the family room - great for family movie nights and leads...
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I have sold a property at 1154 24TH ST W in North Vancouver.
This spacious family home is situated on a large lot in the ever popular Pemberton Heights. Stately mature trees in the front, provide privacy from the street yet there is lots of natural light in the home. There is hardwood under the carpets, a wood burning fireplace and lovely solarium off the kitchen. Love to enjoy a sauna? You've got that here. Value is mostly in the lot, however it is a liveable home that needs some...
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I have sold a property at 412 809 FOURTH AVE in New Westminster.
Brand new 1 bedroom condo in New Westminster with panoramic view of the Fraser River and a 82 sqft balcony facing southeast. This unit features laminate flooring, quartz countertops, 2 tone cabinets with undercount led lighting and custom panelled appliances. Walking distance to skytrain, schools, Walmart and Royal City Centre mall. No GST and quick possession possible. Hurry this won't last. Call now for your private...
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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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I have sold a property at 3812 RICHMOND ST in Port Coquitlam.
Great Lincoln Park family starter home! Upgraded with new open concept kitchen, dining & living room in 2009, complete with stainless steel appliances. New vinyl windows in 2006, roof in 2007. Fantastic 240 SF sundeck to relax and kick back, or entertain. Close to shopping, Carnoustie Golf Course, baseball diamonds, Pitt River Yacht Club, Hyde Creek Rec Centre, transit & more. Bonus wood shed, workshop, and greenhouse.
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I have sold a property at 1408 7108 COLLIER ST in Burnaby.
Sweeping Southerly views in this Quality Bosa built building with two (2) parking stalls. You are cooking with gas, electric fireplace & granite counter tops. Features modern amenities such as spa hot tub, pool, gym, party/conference, bike rooms, car wash station & good sized locker. 8 minutes walk to nearby Edmond Station, 5 minute walking distance to Tommy Douglas Burnaby Public Library, Edmonds Community Centre with top...
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I have sold a property at 158 JAMES RD in Port Moody.
Tall Tree Estates nestled in amongst a treed, creek-side greenbelt and close to schools, shopping, transit, and walking distance to the new Evergreen Line stations. Inviting family neighborhood feeling, beautiful lush forest surroundings & nature trails. Recently renovated bright open kitchen, new appliances, upgraded to full bath on the main floor, and 6" plank oak hardwood. Refinished ceilings with pot lighting & crown moulding...
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I have sold a property at 2603 660 NOOTKA WAY in Port Moody.
Views, expansive South & West views and the largest floor plan offered in the Nahanni building. Beautiful open plan living with floor to ceiling windows & two full bathrooms. You are cooking with gas in this chef's kitchen with stainless steel appliances and granite counter tops. Nahanni offers a full gym, a party/billiards room & access to the "Klahanie Canoe Club" with it's many amenities such as a gymnasium,...
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I have sold a property at 25 11165 GILKER HILL RD in Maple Ridge.
Kanaka Estates Gem! Open floor plan with spacious kitchen eating area. Sunny South facing park and Kanaka Creek view side of the complex. On the main floor the kitchen & dining room overlooks the living room and view. Features 3 bedrooms, 2.5 baths, vaulted ceilings in the living room and master bedroom. A great family complex & just down the hill to Kanaka Creek Elementary. Very livable, but some updates could...
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I have sold a property at 5995 237A ST in Langley.
Drive or walk this beautiful tree lined street to your over 3300sf, 6 bedroom executive home in prestigious Tall Timber Estates, on the largest .52 of an acre and certainly the flattest tree lined corner lot in this exclusive development, which backs onto a 500+ acre greenbelt. 4 bedrooms up and dining, living, office and family room on the main. From your kitchen watch the boys throw a football around on your enormous tree lined...
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Categories:   Ambleside, West Vancouver Real Estate | Arbutus, Vancouver West Real Estate | Blueridge NV, North Vancouver | Boulevard, North Vancouver Real Estate | British Properties, West Vancouver Real Estate | Calverhall, North Vancouver Real Estate | Canyon Heights NV, North Vancouver | Canyon Heights NV, North Vancouver Real Estate | Central Lonsdale, North Vancouver | Central Lonsdale, North Vancouver Real Estate | Cottonwood MR, Maple Ridge Real Estate | Deep Cove, North Vancouver Real Estate | Downtown NW, New Westminster Real Estate | False Creek North, Vancouver West | False Creek, Vancouver West | Grandview VE, Vancouver East | Hastings, Vancouver East Real Estate | Highgate, Burnaby South Real Estate | Indian River, North Vancouver | Indian River, North Vancouver Real Estate | Islands-Van. and Gulf | King George Corridor, South Surrey White Rock Real Estate | Kitsilano, Vancouver West | Kitsilano, Vancouver West Real Estate | Lincoln Park PQ, Port Coquitlam Real Estate | Lower Lonsdale, North Vancouver | Lower Lonsdale, North Vancouver Real Estate | Lynn Valley, North Vancouver Real Estate | Lynnmour, North Vancouver | Mission BC, Mission Real Estate | Mount Pleasant VW, Vancouver West Real Estate | Northlands, North Vancouver Real Estate | Out of Town, Out of Town | Panorama Village, West Vancouver Real Estate | Park Royal, West Vancouver Real Estate | Pemberton Heights, North Vancouver Real Estate | Pemberton NV, North Vancouver Real Estate | Port Moody Centre, Port Moody Real Estate | Roche Point, North Vancouver Real Estate | Salmon River, Langley Real Estate | Sicamous Real Estate | Steveston South, Richmond Real Estate | Upper Delbrook, North Vancouver | Upper Lonsdale, North Vancouver Real Estate | Uptown NW, New Westminster Real Estate | Victoria VE, Vancouver East Real Estate | West End VW, Vancouver West Real Estate | Westlynn, North Vancouver Real Estate | Windsor Park NV, North Vancouver Real Estate

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!
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.