North Shore Realty, Your Real Estate Navigator

Garth Raven Your Real Estate Navigator

(604) 340-2212
Blogs
Posts By Date
Categories

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...
Read full post

Please visit our Open House at 210 JAMES RD in Port Moody.
Open House on Saturday, September 28, 2019 2:00PM - 4:00PM
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...
Read full post

Please visit our Open House at 210 JAMES RD in Port Moody.
Open House on Tuesday, September 24, 2019 10:30AM - 12:00PM
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...
Read full post

I have listed a new 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...
Read full post

Please visit our Open House at 210 JAMES RD in Port Moody.
Open House on Saturday, September 21, 2019 2:00PM - 4:00PM
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...
Read full post

Please visit our Open House at 210 JAMES RD in Port Moody.
Open House on Sunday, September 22, 2019 2:00PM - 4:00PM
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...
Read full post

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...
Read full post

Please visit our Open House at 158 JAMES RD in Port Moody.
Open House on Sunday, November 20, 2016 2:00PM - 4:00PM
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....
Read full post

Please visit our Open House at 158 JAMES RD in Port Moody.
Open House on Sunday, November 20, 2016 2:00PM - 4:00PM
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....
Read full post

Please visit our Open House at 158 JAMES RD in Port Moody.
Open House on Saturday, November 12, 2016 2:00PM - 4:00PM
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...
Read full post

Please visit our Open House at 158 JAMES RD in Port Moody.
Open House on Sunday, November 13, 2016 2:00PM - 4:00PM
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....
Read full post

I have listed a new 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...
Read full post

Please visit our Open House at 158 JAMES RD in Port Moody.
Open House on Wednesday, November 2, 2016 10:00AM - 12:00PM
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...
Read full post

Please visit our Open House at 158 JAMES RD in Port Moody.
Open House on Saturday, November 5, 2016 2:00PM - 4:00PM
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...
Read full post

Please visit our Open House at 158 JAMES RD in Port Moody.
Open House on Sunday, November 6, 2016 2:00PM - 4:00PM
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....
Read full post

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,...
Read full post

I have sold a property at 322 700 KLAHANIE DR in Port Moody.
Ocean views from both bedrooms and living room, two side by side parking stalls near elevator, full storage locker with FOB and lock security, two bedroom den/home office, loads of storage in master/designer paint, large deck that looks towards ocean, quiet side of building, voted Port Moody's most desirable neighborhood. Access to the "Canoe Club" with its many amenities: gymnasium, swimming pool, hot tub, media room, music...
Read full post

I have listed a new property at 322 700 KLAHANIE DR in Port Moody.
Ocean views from both bedrooms and living room, two side by side parking stalls near elevator, full storage locker with FOB and lock security, two bedroom den/home office, loads of storage in master/designer paint, large deck that looks towards ocean, quiet side of building, voted Port Moody's most desirable neighborhood. Access to the "Canoe Club" with its many amenities: gymnasium, swimming pool, hot tub, media room,...
Read full post

Please visit our Open House at 322 700 KLAHANIE DR in Port Moody.
Open House on Saturday, February 27, 2016 1:00 PM - 4:00 PM
Ocean views from both bedrooms and living room, two side by side parking stalls near elevator, full storage locker with FOB and lock security, two bedroom den/home office, loads of storage in master/designer paint, large deck that looks towards ocean, quiet side of building, voted Port Moody's most desirable neighborhood. Access to the "Canoe Club" with its...
Read full post

Please visit our Open House at 2603 660 NOOTKA WAY in Port Moody.
Open House on Saturday, February 20, 2016 2:00 PM - 4:00 PM
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...
Read full post
Categories:   Ambleside, West Vancouver Real Estate | Arbutus, Vancouver West Real Estate | Blueridge NV, North Vancouver | Boulevard, North Vancouver Real Estate | Brackendale, Squamish 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 | Cariboo, Burnaby North Real Estate | Central Lonsdale, North Vancouver | Central Lonsdale, North Vancouver Real Estate | Cottonwood MR, Maple Ridge Real Estate | Cowichan Bay Cobble Hill, BC, Islands-Van. & Gulf Real Estate | Cowichan Bay, Duncan Real Estate | Cowichan Bay, Islands-Van. & Gulf Real Estate | Deep Cove, North Vancouver Real Estate | Downtown NW, New Westminster Real Estate | False Creek North, Vancouver West | False Creek, Vancouver West | Glenmore, West Vancouver Real Estate | Grandview VE, Vancouver East | Greater Vancouver | 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 | Lynnmour, North Vancouver Real Estate | M | Mission BC, Mission Real Estate | Mount Pleasant VW, Vancouver West Real Estate | Northlands, North Vancouver Real Estate | Out of Town, Out of Town | Out of Town, Out of Town Real Estate | 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 North, Richmond Real Estate | Steveston South, Richmond Real Estate | Upper Delbrook, North Vancouver | Upper Delbrook, North Vancouver Real Estate | 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.