Blog › January 2016

Five New Listings with Gorgeous Gourmet Kitchens


Five Listed Homes with Gorgeous Gourmet Kitchens

These spectacular kitchens, found in current Metro Vancouver property listings, are almost too pretty to cook in

 

kitchenlistings

The Pacific West Coast has a reputation for some of the best food in the world, so it’s no surprise that in Metro Vancouver we love our kitchens. Here are five of our favourites from current listings on REW.ca

Click through the links for the full listing, where you can see more awe-inspiring photos and details of each property. 

As the properties are sold and the listings removed, you will be redirected to see other fabulous homes in these neighbourhoods on REW.ca

 

White Rock, Surrey

$669,900

Two-bedroom, three-bathroom condo

1,289 square feet

Price per square foot: $520

 

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The stunning views in this White Rock two-bedroom condo are matched only by this exquisite kitchen. Highlights include gorgeous marble countertops and backsplashes, and built in Jenn-Air appliances that all but disappear into the background. The high-end finishes are carried throughout this fabulous unit. 

 

Abbotsford East, Abbotsford

$2,675,000

Four-bedroom, four-bathroom detached house

6,410 square feet

Price per square foot: $417

 

Kitchens_Abbotsford.png

 

This fantastic Abbotsford home has a beautiful and spacious kitchen. Flooded with natural light from the floor-to-ceiling windows, you can take in the panoramic views of sunrise over Mount Baker and sunsets over the San Juan Islands. Two oversize kitchen islands, and separate pantry and wetbar give even more space in this enormous kitchen.

 

Mount Pleasant, East Vancouver

$499,000

One-bedroom, one-bathroom condo

754 square feet

Price per square foot: $662

 

Kitchens_Mount Pleasant.png

 

This ultramodern Vancouver loft comes in at the lowest price point on our kitchens list. Enjoy your stylish, stark white chef’s kitchen in a two-level, top floor corner unit in the hot Mount Pleasant neighbourhood. Fully renovated, this home features hardwood floors, custom millwork and 16-foot ceilings.

 

West End New Westminster, New Westminster

$1,600,000

Six-bedroom, four-bathroom detached house

3,950 square feet

Price per square foot: $405

 

newwest-kitchen


Built for a chef with taste, this kitchen is spectacular. White shaker cabinets and hardwood floors dazzle in this executive home. The open kitchen and eating area backs onto a magnificently landscaped backyard, extending your entertaining area. With a kitchen this pretty you’ll never want to leave it, but if sleep does call you can claim any one of the six bedrooms in this incredible house. 

 

 

Killarney, Vancouver

$2,090,000

Six-bedroom, seven-bathroom detached house

3,383 square feet

Price per square foot: $618

 

Kitchens_Killarney.png

 

Step into the kitchen of your dreams! This brand new East Van home features a huge gourmet kitchen, including a separate wok kitchen. High-end appliances and detailed finishes add to this striking space.

 

 

- See more at: http://www.rew.ca/news/five-listed-homes-with-gorgeous-gourmet-kitchens-1.2159395#sthash.V8fUJVz0.dpuf



New Listing 1906 W 14th Avenue, Vancouver, BC


R2027772 - 1906 W 14th Avenue, Vancouver, BC, CANADAView my new listing for sale SOLD at 1906 W 14th Avenue, Vancouver and currently listed at $1,988,000.SOLD

STUNNING, modern luxury in upper Kitsilano. Entertainer's dream- 350K in renovations. Corner lot & HUGE yard plus 1000sq ft covered patio! Designer decorated/renovated, walnut built-in kitchen table, feature wine wall, quality built half duplex, automated blinds, 1600 sq ft on 2 levels w/a large open, gourmet kitchen styled w/Gagineau, Bosch & AEG appliances. New hotwater tank, glass break security & Nest heating. Huge outdoor space w/ a walk-out north facing patio & yard w/garage. Top floor boasts 2 bedrms, spacious master bedrm, enormous walk- in closet - size of a bedrm & spa ensuite complete w/ heated floors & steam shower. Den could be a 3rd bedrm. Low maintenance property, feels like a house.

New Listing 6193 Collingwood Street, Vancouver, BC


R2028439 - 6193 Collingwood Street, Vancouver, BC, CANADAView my new listing for sale at 6193 Collingwood Street, Vancouver and currently listed at $5,998,000.

Sensational - Be the first to view this Brand New, never lived-in home! 5300 Sq ft, 5 bedroom/7 bath home plus attached garage in a sought after cul de sac in one of Vancouver's most prestigious West Side neighbourhoods. Designed by renownedarchitect, Stuart Howard, this home is modern luxury w/ a contemporary style providing an abundance of natural light. Stunning outdoor decks, great for entertaining, overlook a beautiful south-facing yard. Quiet walk to shops/Crofton House School. 10 min drive to UBC or YVR. Easy to show by appointment only.

Editorial: To Buy or to Rent? That is the Question


What’s more expensive than buying into Vancouver real estate? Not buying into Vancouver real estate

Buy-vs-Rent-weighing.jpgAh, the age-old debate of buy vs rent. It never gets tiresome, and there are countless opinions on the topic. So I thought it was time to add mine.

There has been a big media hoo-ha on the topic this week, following the release of RentSeeker.ca’s list of rental versus purchase prices across Canada. Huffington Post followed it up with an article on whether it’s generally better to buy or to rent, based on these figures. The article seemed to come down in favour of generally renting, which I suppose is meant to appeal to its hip young readership. Or something. I was even invited into the Roundhouse Radio 98.3FM studios, on which I host a Saturday morning call-in real estate show, to be a guest and discuss this very topic, and I’ll be addressing it myself this Saturday morning on air. So there’s been a lot of debate this week on what’s right and what’s wrong.

But to me, it’s a no-brainer. At least, usually.

Here’s the thing: we all know that when we rent a home in the long term, we’re paying off a landlord’s mortgage when we could be paying off our own – that you’re essentially flushing money down the can. But obviously, buying a home in one’s chosen area is not an option for a lot of people, so many people feel that there’s no choice in that. However, they’re wrong.

Vancouver is a really expensive city, for a lot of reasons I won’t go into now, and there are an awful lot of people that choose to live in a really great area of this really expensive city. And they don’t earn enough to buy a home in that neighbourhood, so they rent their homes. And they get used to that great lifestyle and never end up buying a property – which is fine... for a while. But eventually, one of five bad things is going to happen. I guarantee it.

  • Here’s possible scenario one: they get evicted and, with the rental vacancies in Vancouver at less than one per cent and rents skyrocketing, it’s really hard to find another place. So they have to either pay increasingly high rent or otherwise move to increasingly cheap neighbourhoods.

  • Or two: their rents are jacked up, and ditto, it’s either pay more or move further out or to a smaller home.

  • Three: neither happens and they rent happily for decades. But eventually they retire and can’t afford the rent into their old age on their pension.

  • Or four: even if they can pay their rent in their retirement, they’ve no home to sell in order to pay for huge care home bills at end of life.

  • Or, finally, five: they die in their rental homes with nothing to bequeath their own family, so the younger generations can’t afford to buy either and any one of those scenarios happens to them.

It can be a pretty bleak reality for permanent renters.

And, yes, it may be initially more expensive to buy a home, and you might have to save a long time for a down payment, and you might have to initially live in a slightly lower grade of home or area to afford it (I know I did). But financially it’s like taking one step back in order to end up 10 steps forward. Never mind the additional joy, contentment and sense of pride that one can enjoy by owning their own home.

So then, people ask me, what about if you just can’t bear to live in an area that you could afford to buy in, or it’s just not possible for your commute, or your kids’ schools? Here’s a solution for you.

If you get into a position where you have enough cash for a down payment, you can buy an investment property that you don’t even need to live in yourself – rent it out to someone else and continue living in a rented place in your chosen area. (Full article on this approach here.) That way you still get to live where you want, but now you are one of those landlords making stacks of cash from this mad rental market. There’s the added bonus that you have no risk if you ever get evicted and can’t find another rental place, as you’ve got your own home you can move into, at least temporarily. That’s especially important for families who are long-term renting – unless you fancy couch-surfing with your partner and kids.

To me there’s only one demographic group that can get away with renting long-term without it damaging them financially, and that’s those people who are wealthy enough to buy if they wanted to, they just choose not to because of convenience and flexibility. If you are renting a home that enables you to invest for your future all the money that you could’ve spent on buying a home, including higher monthly payments, maintenance, taxes and everything, it can be just as financially stable as actually buying a house. As long as you’re doing that, you’ll have a great retirement income and then you can afford to still pay rent in retirement and support your family. And you’ve got a financial buffer if you get evicted or rents rise.

But the problem is that most long-term renters aren’t doing that. Most of them are paying a rental price because they simply don’t have the money for the purchase price. If that’s you, then you need to consider that you are living in an area that is too expensive for your income, and you need to take responsibility for your financial wellbeing. The lifestyle and convenience that you are paying for now is great for a while, but as rents rise and vacancies tighten further, it’s going to come back to haunt you eventually. Move somewhere cheaper, and start investing in your future.

When I hear people tell me they can’t afford to buy a home, I do hear them, but I have to say, “Sure, but what you really can’t afford is not to buy.” If that’s you, speak to a mortgage professional and a real estate agent about what your options are. It’ll be free advice and you might be pleasantly surprised with what you could do.

You can catch Joannah Connolly dispensing advice as the Real Estate Therapist every Saturday morning from 9am-10am on Roundhouse Radio 983.FM and streaming live on roundhouseradio.com 

 



Recently Sold Listing 2425 W 5TH AVENUE, Vancouver, BC


R2024441 - 2425 W 5TH AVENUE, Vancouver, BC, CANADAI have just recently sold this listing at 2425 W 5TH AVENUE, Vancouver.

BC Homes Sales Smash All December Records as Prices Breach $700K


Province posts highest number of residential unit transactions ever recorded for the month of December, propping up weaker Canadian markets

Home for sale sold winter December holidays

Home sales across BC smashed all December records, according to BC Real Estate Association (BCREA) figures issued January 15.

There was a total of 6,590 residential unit sales on the Multiple Listing Service® (MLS®) in December 2015 – a rise of 29.8 per cent from December the previous year.

BC’s total home sales dollar volume in December hit a record $4.62 billion for the month of December, up 55.4 per cent compared to the previous year.

This is attributable to both rising transaction volumes and the average price in the province climbing above the $700,000 threshold for the first time in BC, rising 19.7 per cent from December 2014 to $700,943.

“The 2015 housing market finished in dramatic fashion, with record demand for month of December,” said Cameron Muir, BCREA’s chief economist. “BC home sales breached the 100,000 unit threshold in 2015, and it was only the third time on record that this high watermark was achieved.”

Across 2015, BC residential sales dollar volumes rose to a record $65.3 billion over the year, up nearly 37 per cent from the previous year.

The average annual residential price reached a record $636,627 over the whole of 2015, up 12 per cent from 2014. A total of 102,517 residential unit sales were recorded, an increase of 22 per cent compared with 2014 and a figure eclipsed only by 2005 and 2007.

BC totals tend to mask the significant variations between different markets across the province, with the major southern regions seeing huge increases in sales and dollar volumes, and some of the smaller regions seeing declines in transaction and dollar volumes, especially in the north and Interior of the province.

Of the larger markets, the largest increase in sales was again recorded in the Fraser Valley, where home sales climbed 33.5 per cent from December 2014. Greater Vancouver and Chilliwack remained in second and third spots for transaction growth, up 28.1 and 25.6 per cent respectively.

Unlike previous months, at a massive 47 per cent, the Fraser Valley’s sales-to-active-listings ratio eclipsed even that of Greater Vancouver, taking that region deepest into sellers' market territory.

Across the whole of Canada, the story was relatively moderate, with the softening markets in resource-dependent provinces pulling down the overall sales activity rise, according to Canadian Real Estate Association (CREA) figures also released January 15.

Total sales rose 10 per cent on a year-over-year basis in December to. CREA reported that sales activity was up compared with December 2014 in about 60 per cent of all local markets, led by BC’s Lower Mainland.

The national average sale price rose 12 per cent on a year-over-year basis in December. However, excluding Greater Vancouver and Greater Toronto, it increased by 5.4 per cent.

“December mirrored the main themes of 2015, with strong sales activity and price growth across much of British Columbia and Ontario offsetting declines in activity among oil producing regions,” said Gregory Klump, CREA’s chief economist.

“The recent decline and uncertain outlook for oil prices means that housing market prospects are unlikely to improve in the near term in regions where job market prospects are tied to oil production.”

To view BCREA's December report, including a full breakdown by region, click here.



New Listing 6228 Blenheim Street, Vancouver, BC


R2024066 - 6228 Blenheim Street, Vancouver, BC, CANADAView my new listing for sale SOLD at 6228 Blenheim Street, Vancouver and currently listed at $4,388,000.SOLD

A private oasis, 5 minutes from urban bustle of Kerrisdale, minutes to Downtown Vancouver & the Airport. Walk to Crofton House School and exclusive, private Point Grey Golf Club. This NEW, classic contemporary home, in one of Vancouver's most prestigious neighborhoods has over 4600 square feet of living space with gourmet kitchen and four bedrooms upstairs. Home also has a spacious rec/media room with a full bathroom & a legal one bedroom inlaw suite downstairs. 3 car garage. Classical FENG SHUI Master’s analysis states "home and location is supportive for people to improve their life and live harmoniously with increasing Qi for 2016. Good for overall health, wealth and prosperity". Available to view, by appointment.

Infographic: Greater Vancouver Real Estate, December 2015


Greater Vancouver prices were up 17.9 per cent year over year in December, but how do they break down by city and area? This infographic will help 

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Greater Vancouver real estate broke both sales and price records in 2015, with sales totalling the most ever recorded, according to Real Estate Board of Greater Vancouver (REBGV) data released January 5.

And in December alone, home sales rose 33.6 per cent year over year to 2,827 units, while the benchmark price of a composite property increased 18.9 per cent year over year to $760,900.

But how do the prices break down by individual city? Our infographic below highlights all the areas within the region, and breaks down listings data.

To read the full story and analysis, click here.

- See more at: http://www.rew.ca/news/infographic-greater-vancouver-real-estate-december-2015-1.2144983#sthash.Xq2G2e1T.dpuf